The Business Times, 10 October 1991

Total Pages: 46
1 46 The Business Times
  • 10 1 BusinessTimes MCI (P) 16/12/90 Thursday, October 10, 1991 75* I
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  • NEWS SUMMARY
    • 71 1 UNITED NATIONS Iraqi nuclear scientists were working on a hydrogen bomb project in addition to the atom bomb programme previously discovered by UN inspectors. International Atomic Energy Agency director Hans Blix and one of his chief inspectors said the Iraqis had produced a
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    • 38 1 JERUSALEM Three leading Palestinian figures from the Israeli-occupied territories left for Washington yesterday in a bid to overcome differences with US Secretary of State James Baker on a Middle East peace conference.
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    • 28 1 THE Approved International Trader scheme has been extended to four homegrown me-ga-traders as well as the local outfits of eight international trading companies Page 2
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    • 32 1 THE port and airport authorities of Singapore, prompted by the haze which has reduced visibility sharply, have taken extra precautions to maintain safety and keep operations going Page 2
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    • 34 1 CHINA'S industrial output grew 15 per cent in the third quarter over the same period last year, fuelling hopes that the country's economy is falling into another boom-bust cycle Page 8
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    • 45 1 THE growing number of layoffs across the US has cast a pall over prospects for a full economic recovery and is further threatening hopes for an increase in consumption to put the economy back into full swing, say analysts. Page 10
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    • 22 1 SMALL and medium-sized enterprises have made impressive contributions to the economic growth of South Korea Page 12
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    • 18 1 FIVE advertising big-wigs met last week to discuss how they can survive globalisation Page 14
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    • 35 1 SIA, in its bid to capture a bigger slice of the Japanese market, has spent $40.5 million on its promotion campaigns over the past five years. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 47 1 WALL STREET was narrowly mixed early yesterday in a mood of edginess over corporate earnings prospects. The Dow Jones Industrial Average edged up 1.79 in the first half hour but then slipped back to show a 2.90-point loss at 2,960.87 one hour into the session.
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    • 26 1 LONDON share prices were lower near midday yesterday. At 1119 GMT, the broadbased Financial Times-Stock Exchange 100-Share Index was down 23.2 points at 2,576.3.
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    • 31 1 MALAYSIAN property developer Lam Soon Huat Development is withdrawing its general offer for Sri Hartamas Corp following a High Court ruling that its offer is invalid Page 3
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    • 32 1 HOTEL NEGARA Ltd is expected to incur a loss of $500,000 this year and the company says it will only reach a break-even position by 1998 Page 3
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    • 32 1 CREDITORS of Polly Peck International pic, the collapsed British fruit and electronics conglomerate, has endorsed an initial public offering of the company's fresh fruit subsidiary, PPI Del Monte. Page 5
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    • 24 1 Exchange rates USS SS 1.6920 100 Yen SS 1.2980 MS S$ 61.56 Money market rates Overnight 3 1/4 +1/4 3-month 4 1/4 -1/16
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    • 39 1 London Gotd AM fix USS357.60 -USS0.90 Rubber S'pore Nov l42.50*/kg +1.00 M'sia Nov 230.00«/kg f 4 KL Tin Turnover 56 tonnes -33 Spot MS 14.83 /kg +2 Crude palm oil Turnover 1,117 lots -1,108 Nov MS834 /tonne -2
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    • Article, Illustration
      29 1 Wednesday Change BT-MC.A 662.36 -2.82 Kuala Lumpur ....508.22 -0.04 Tokyo 24,485.26 +329.64 Hongkong 4,076.38 +9.53 Sydney 1.57!.3 +4.3 Tuesday Change New York 2,963.77 21.02 London 2,599.5 +3.3
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  • 476 1  -  Asean ministers welcome call but say Afta must first be fleshed out From Yang Razali Kassim in KUALA LUMPUR THE US has proposed linking the emerging Asean free trade area with the North American Free Trade Area (Nafta). The proposal
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  • 115 1 KUALA LUMPUR A joint US-Asean business conference is to be held next year to promote private sector participation in boosting economic ties between Asean and the US. The proposed conference would be held under the auspices of the Asean-US I rade and Investment Cooperation
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  • 584 1  -  Move similar to developments at S'pore Island Country Club By Kooi Cho Teng SINGAPORE The Tanah Merah Country Club (TMCC), one of Singapore's most prestigious clubs, has raised its fees across the board and revised membership rights in a move somewhat similar to what the
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  • 394 1 Reuter WASHINGTON US President George Bush has announced that he has approved proposals to ease a shortage of credit which he fears is slowing the American economy's recovery from recession. The measures announced on Tuesday include a relaxation of rules on
    Reuter  -  394 words
  • 397 1  -  By Lilian Ang SINGAPORE Taiwan's Economic Ministry' plans to sell about 360 million shares in the state-owned China Steel Corporation on overseas markets next year, as part of a larger privatisation exercise. The plan, under which some shares will make their way to
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  • 209 1 IT SEEMED that Red Monday was happening all over again as rumours that Soviet President Mikhail Gorbachev had been shot swept stock markets in the region, including KL and Bangkok, late yesterday morning. The rumour said to have originated either in Hongkong or Singapore
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  • Page 1 Advertisements
    • 240 1 Cassette Receiver C Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone, 235 1333 Kuala Lumper: Phone 757 0233 Penang Phone *****5/*****4 Jakarta: Phone 374 065/380 1472 Ad Marketing 14 Money Changer Rates 27 Weather 27 Aircraft Schedule 27 Money Market 25 World News 8.10 Commodities 26 Regional News
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    • 16 1 Economists sceptical about Treasury 's credit proposal, Pg 10 Concern over rising US lay-offs, Pg 10
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    • 117 1 Rodenstoch Editorial, Pg 12 The Bottom Line, Back Page EAEG concept stays despite new name: Mahathir, Pg 7 BRUNOMAGLI M Jjn y y ijir 9 B MY BRUNO MAOLI COLLECTION Sole Agent: Marie* Marketing Pie Ltd Tel: 734 96% Fa*: 737 6892 Boutique: Centrepoini #01-30 Tel: 737 4509 Open Daily
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 51 2 I HE MINISTER of State for Education, Sidek Saniff, has praised local teachers for repackaging familiar lessons into new modules, thereby paving the way for more innovative learning techniques. He was speaking at yesterday's launch of tlie Malay Supplementary Materials and Revision Tutorials programme on
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      • 61 2 MINISTER for Defence Dr Yeo Ning Hong leaves today for a two-day official visit to Malaysia at the invitation of Malaysian Defence Minister Dato Scri Najib Tun Abdul Razak. It will be Dr Yeo's first visit to Malaysia as defence minister, and his third Asean trip
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      • 64 2 ABOUT 90 Work Improvement Teams received awards yesterday from the Second Minister for Defence, Dr Lee Boon Yang, for having taken part in the fourth National Quality Control Circles convention. The teams were from public and private sector organisations. The convention, which has just ended, was organised
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      • 68 2 IHE Public Works Department said yesterday it had completed several stages of a $28 million project to upgrade facilities for pedestrians and motorists in the Orchard Road area. The project, which began in September last year, is cxpected to take two years to complete. It
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    • 504 2  -  By Schutz Lee THE Approved International Trader scheme has been extended to the local outfits of eight international trading companies which hail from Thailand, the US, Japan, Australia, Germany and the Netherlands, as well as to four
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    • 394 2  -  By Dexter Lee IHE HAZE covering Singapore has prompted both the port and airport authorities to take extra precautions to maintain safety and keep operations going. They were quick to emphasise, however, that although the haze had sharply reduced visibility, neither port
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    • 224 2 ANOTHER Japanese giant, Sanyo Electric, will join the handful of Japanese companies with operations at the Batam Industrial Park with the establishment of a $4 million facility to manufacture batteries. To begin operations next January, the wholly-owned subsidiary Sanyo Energy (Batam) Corp is
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  • Page 2 Advertisements
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  • COMPANY NEWS 1
    • 546 3  -  By William Chia SINGAPORE Malaysian property developer Lam Soon Huat Development Bhd (LSH) is withdrawing its general offer for financiallystrapped Sri Hartamas Corp Bhd following a High Court ruling on Monday that its offer was invalid. LSH announced its withdrawal on
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    • 380 3  -  By Elaine Koh SINGAPORE Hotel Negara Ltd, which will have to stop operations for three years to redevelop its hotel, will post a loss of $500,000 this year and will only break even in 1998. From then on, it should be making profits,
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    • 245 3 Leong Co gets greenlight to resume trading MBT KUALA LUMPUR Stockbroking firm Leong Co, which ceased trading last Tuesday because its dealer's licence was not renewed by the Registrar of Companies (ROC), will resume its trading operations today. Sources said the Kuala Lumpur-based stockbroking firm received a letter from the
      MBT  -  245 words
    • 165 3 MBT KUALA LUMPUR ArabMalaysian Merchant Bank (AMMB) chairman Tan Sri A/man Hashim said the credibility of the merchant bank as a flotation adviser has not been affected by the recent High Court ruling that declared null and void Lam Soon Huat Development Bhd's attempt
      MBT  -  165 words
    • 743 3  -  MARKET TALK Company can continue to seek growth despite ownership uncertainty By Genevieve Cua SINGAPORE Few hold any illusions about Australasian food group Goodman Fielder Wattie Ltd's (GFW) commitment to Cold Storage Holdings Ltd (CSH). Analysts in Australia and Singapore believe that it is only
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    • 240 3 MBT KUALA LUMPUR Share performance of the companies listed on the second board of the Kuala Lumpur Stock Exchange (KLSE) has been very encouraging to date, according to Arab-Ma-laysian Merchant Bank (AMMB) chairman Tan Sri Azman Hashim. He said there has been an
      MBT  -  240 words
    • 281 3  -  By Dexter Lee SINGAPORE Upmarket watch retailer The Hour Glass is expanding its Australian operations with new premises in the heart of Sydney's prime boutique district. The company, acting through wholly-owned Australian subsidiary The Watch Gallery, bought the site yesterday from
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    • COMPANY BRIEFS
      • 96 3 KUALA LUMPUR Uniphone Telecommunications Bhd achieved a 35.8 per cent jump in group pre-tax profit to MSI 1.02 million (556.78 million) for the first half ended July 31, from M 58.12 million a year earlier. This came on the back of a 24.7 per cent
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      • 88 3 KUALA LUMPUR YTL Corporation Bhd has announced a 59.5 per cent increase in its group pre-tax consolidated operating profit to M 530.784 million (5518.951 million) for the year ended June 30, from MS 19.299 million the previous year. Turnover rose 34.8 per cent to M 5294.424
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      • 136 3 SINGAPORE Alliance Technology and Development Ltd has sold its wholly-owned subsidiary. Ambassador Impex Sdn Bhd, which has a paid-up capital of only Ms 2, to an individual for M 5429,088. The net tangible assets of Ambassador Impex, sold to Mr Balakrishnan A/L Sinnathamby, was
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      • 94 3 SINGAPORE Tat Chuan Development Ptd Ltd, a whol-ly-owned subsidiary of Pan Malayan Holdings Ltd, has given notice to rescind a contract with two property vendors because it did not receive the Urban Redevelopment Authority's approval for its plans to redevelop the properties. In June, Pan
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    • COMPANY BRIEFS
      • 139 4 BANGKA ISLAND, Sumatra PT Bumi Permai Lestari of the Sinar Mas group has officially opened a new 25,000 ha oil palm plantation in Kendang village, Kelapa regency at an initial investment of 100 million rupiah. The company will make the first harvest four
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      • 80 4 SYDNEY Building products group Pioneer International Ltd said it expects to expand modestly in Europe and Asia during the year to June 30, 1992. "We expect to bring to fruition a number of modest expansion plans during this coming year in Europe and Asia," managing
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      • 112 4 TOKYO Gunze Ltd and Mitsui and Co Ltd have set up a joint venture in China to produce knitted female underclothes for export to Japan, the two companies said in a joint statement. The new company, named Dalian Gunze Fashion Garments Co Ltd, capitalised at US$l.5
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      • 77 4 SEOUL South Korea's Daewoo Corp has signed a US$9 million (5515.3 million) contract to set up a joint venture to build silos for cement in Taiwan with the Taiwanese Tunmin Co Ltd, part of the Tuntex Group, a Daewoo spokesman said. The 50-50 joint venture will
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    • 298 4 Reuter NEW YORK Australia's Foster's Brewing Group Ltd, the world's fourth largest brewer, which is struggling to pare down its heavy debt, expects to return to profitability during the next nine months. Chief executive officer Peter Bartels said on
      Reuter  -  298 words
    • 552 4 Efforts to bolster region's stock markets drawing investment funds Reuter TOKYO Japan's venture capital firms are set to boost investment in promising enterprises in Asia, the region tipped to see the world's highest economic growth rate in the next several years, company officials say.
      Reuter  -  552 words
    • 353 4 FT TOKYO Kumagai Gumi, the Japanese property developer and contractor, has announced a scaling down of its once ambitious international operations and a suspension of new foreign development projects. The company plans to sell by 1995 assets worth 1.125 trillion yen
      FT  -  353 words
    • 333 4 BANGKOK BT Thailand's Bangkok Land Co plans to bid for the country's major transportation projects which seemed to be stalled, the Bangkok Post reported earlier this week. The realty developer's chief executive officer Anant Kanjanapas said the group would enter the bidding for
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    • 502 4 MARKET TALK IHT MELBOURNE Bidding for the Fairfax newspaper group, Australia's oldest media empire, has aroused debate about the concentration of press power in Australia, limits on foreign ownership and the extent to which commercial considerations should determine the fate of a politically influential
      IHT  -  502 words
    • 404 5 Rotation of PPI Del Monte slated for early next year Reuter LONDON Creditors of Polly Peck International pic, the collapsed British fruit and electronics conglomerate, on Tuesday endorsed an initial public offering (IPO) of the company's fresh fruit subsidiary, PPI Del Monte.
      Reuter  -  404 words
    • 451 5 Reuter NEW YORK The US District Court's approval of Exxon Corp's U551,025 billion (S$ 1.73 billion) oil spill settlement will not significantly affect its earnings due to a 10-year payment plan and should allow it to begin reshaping
      Reuter  -  451 words
    • 365 5 Reuter GENEVA Digital Equipment Corp would not rule out a business link-up with Ing C Olivetti C SpA if it were to develop naturally. Digital's European president Pier Carlo Falotti said. "People always argue that it is a logical complement" between the product lines of
      Reuter  -  365 words
    • COMPANY BRIEFS
      • 94 5 TOKYO International Business Machines Corp (IBM) said it is supplying another computer firm with the present generation of standard memory chip, but denied a change in its long-term policy of only manufacturing semiconductors for its own use. An IBM Japan spokesman said a
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      • 70 5 SCHAUMBURG, Illinois Motorola Inc, reporting thirdquarter per-share earnings of 70 cents (S$ 1.18) below the 75 cents expected by Wall Street analysts cited the continuing impact of the recession in many parts of the world. "Our businesses experienced slower than anticipated sales growth, which put pressure on
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      • 107 5 AMSTERDAM Pirelli Tyre Holding, the Dutch holding company of Italian tyremaker Pirelli, said on Tuesday it made a net loss of 82 million guilder (5572.2 million) in the first half of this year and would be axing 3,000 jobs before the end of December
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      • 63 5 NEW YORK Himont Inc, a company in the FerruzziMontedison Group, and the International Multi-Petrochemi-cal Enterprises Ltd, have formed an equally-owned marketing joint venture called Montpel Ltd, based in Hongkong. The joint venture to produce polypropylene will facilitate the development of manufacturing activities using polypropylene to produce
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    • 244 5 Reuter BRUSSELS Belgium's largest holding company Societe Generate de Belgique SA said on Tuesday that profit for the first half of 1991 fell more than 36 per cent and forecast that sec-ond-half profit might be lower. Societe Generate has interests in almost every aspect
      Reuter  -  244 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
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    • 22 4 FROM OCT 31 ST I LOT WILL FLY TO {J NEW DELHI jj AND WARSAW IN I A CLASS OF ITS OWN.
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  • Page 5 Advertisements
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  • FINANCIAL NEWS
    • SMALLCHANGE
      • 72 6 COPENHAGEN Large losses in its United Kingdom mortgage indemnity insurance business hit insurance/investment group Hafnia Holding A/S's first half net profits, which fell to 530 million crowns (S$ 136 million) from 661 million a year earlier. The group's full 1991 result will depend
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      • 65 6 NEW YORK Standard and Poor's Corp said corporate credit quality fell in the third quarter of 1991 but the pace has slowed. In its regular survey of corporate ratings, S&P found the ratio of downgrades to upgrades fell to almost two-to-one in the third quarter from
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      • 74 6 MILAN Floor traders on the Milan bourse voted overwhelmingly to declare an official dispute over stock market reforms they say may cost them their jobs. Members of the Milan Floor Traders' Association said the dispute meant they could strike from Oct 11 onwards. Under financial reform
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      • 81 6 LISBON Finantia launched a fresh takeover bid for Portugal's largest leasing company, Sofinloc, after the National Stock Exchange Commission rejected its first offer last week. Finantia made its second bid in partnership with a new company, Quarenta Mais Quatro Lda, to circumvent a law that
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      • 49 6 PARIS A consortium headed by Cie Financiere de Paribas has been given the go-ahead to manage the privatisation of Poland's Slaski Bank, the French diversified banking group said. Katowice-based Slaski Bank is one of two commercial banks which the Polish government aims to sell quickly.
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      • 64 6 LOS ANGELES A French consortium led by Mutuelle Assurance Artisanale de France said it has revised its offer for the insolvent Executive Life Insurance Co. A spokesman for the consortium said the revisions, to be detailed later, will improve guarantees and benefits for policyholders in the
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    • 269 6 FT LONDON More than 100 international companies have written to the United States Securities and Exchange Commission opposing proposed reforms which would allow duplicate American Depository Receipt (ADR) programmes to be set up without their consent. The companies were responding to a "notice
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    • 245 6 Reuter HONGKONG The People's Bank of China has banned all share dealing outside China's two stock exchanges in Shanghai and in the Shenzhen special economic zone, the Beijing-fund-ed China News Service (CNS) said. In a report from the southern city of Guangzhou, CNS
      Reuter  -  245 words
    • 361 6  -  By Joseph Rajendran SINGAPORE The Ministry of Finance has bought a US$3OO,OOO (*****,000) computer software package from the US firm Dun and Bradstreet Software. The software will enable Singapore's entire Civil Service to implement a management accounting system. Running on mainframe computers, it will
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    • 419 6 AFP TOKYO Japanese government penalties imposed on the "Big Four" securities firms for trading violations are largely symbolic, will scarcely affect those involved and will not really reform the market, financial experts said here yesterday. In a bid to end the biggest
      AFP  -  419 words
    • 408 6 Reuter SAN FRANCISCO The current merger wave hitting banks in the United States is likely to continue but it is no panacea for the industry's woes, US bankers said. The current thought is that much of banking's credit and revenue problems
      Reuter  -  408 words
  • Page 6 Advertisements
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  • THE REGION
    • 376 7  -  Commonwealth finance ministers' meeting From Leslie Lopez in KUALA LUMPUR MALAYSIAN Prime Minister Datuk Seri Dr Mahathir urged the Commonwealth yesterday to resist «oves by the World Bank to (npose new conditions on Sd and loans that would hurt ;bt-stressed
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    • 230 7 Reuter MANILA Asia-Pacific nations have adopted a common strategy to fight widespread poverty in the World's most populous region, calling for increased help for the worst off and more international aid. On the second day of a conference of the 49-member Economic and
      Reuter  -  230 words
    • 243 7 AFP HANOI A Taiwan-Viet-namese joint venture has received approval to set up an industrial park on 300 hectares (740 acres) of land in Ho Chi Minh City, Market and Price weekly reported yesterday. Two Taiwan firms, Pan Viet Corp and Central Trading
      AFP  -  243 words
    • 328 7  -  From Leslie Lopez in KUALA LUMPUR MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday that the name-change in his much-debated East Asian Economic Grouping (EAEG) will not alter the original concept of the group. "It may vary from the interpretation of
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    • NOTE BOOK
      • 97 7 MANILA The International Monetary Fund (IMF) has agreed to a small increase in the Philippine Budget deficit because of the damage caused by Mount Pinatubo volcano, Finance Secretary Jesus Estanislao said. Mr Estanislao joined President Corazon Aquino's Cabinet and legislators on Tuesday
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      • 114 7 MANILA The Philippine government is considering the inclusion of US$35O million (*****.5 million) owed to foreign banks for the construction of a controversial nuclear power plant under a major debt buy-back package, officials said on Tuesday. Central Bank governor Jose Cuisia told reporters that the
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      • 74 7 HANOI Vietnamese Foreign Minister Nguyen Manh Cam urged the US on Tuesday to drop its hostility to Hanoi in response to the ending of Indochina's last war. Mr Cam called on Washington to drop its 27-year-old economic sanctions against Hanoi, renewed last month by
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      • 48 7 BANGKOK The question of Vietnam clearing its debts with the International Monetary Fund in order to resume borrowing from the World Bank is expected to be raised as a debt management problem at the World Bank/IMF meetings, the Bangkok Post reported on Wednesday.
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    • 239 7 Reuter "I WELLINGTON New Zealand Finance Minister Ruth Richardson, under heavy pressure to drop Thatcherite economic policies, announced on Tuesday that last year's Budget deficit was NZ$5l3 million (***** million) less than predicted. Economists said the surprise windfall for the conservative government would be
      Reuter  -  239 words
  • Page 7 Advertisements
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  • THE REGION/THE WORLD
    • WORLD WATCH
      • 109 8 BEIJING Chinese President Yang Shangkun yesterday said China would act against Taiwan if it tries to gain independence, warning that "those who play with fire will be burned to ashes". The threat is the most serious issued so far by Beijing following renewed demonstrations
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      • 89 8 TAIPEI Taiwan yesterday approved a special quota to allow private industries to employ 15,000 workers from four Asian countries to ease a labour shortage. The quota is the first ever approved by the government's Labour Affairs Council for the private sector. It will apply to
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      • 86 8 KIEV, Soviet Union The Ukraine, poised to break away from the Soviet Union as an independent state, plans to introduce its own currency next year and launch radical economic reforms. Privatisation of enterprises and land and the creation of a stock exchange are on the crowded
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      • 70 8 MANILA A ranking United Nations official yesterday called for a major global bargain to write off most of the Third World's foreign debt and avert a "fascist" backlash from poor countries pushed to the wall by the debt burden. Mahbub U1 Haq, special adviser to
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      • 68 8 ZAGREB, Yugoslavia The Yugoslav army and Croatia agreed after 11 hours of discussion on Tuesday to a general ceasefire in Croatia. The head of the European Community mission of observers here, Dirk Jan van Houten, said the agreement comprised a lifting of the blockade of barracks and
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      • 58 8 SEOUL The government plans to seek about US$2O million (5533.8 million) in compensation from Iraq for damage suffered by South Koreans during the Gulf War. One Foreign Ministry official said yesterday that the government would send a delegation to a United Nations preparation committee
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    • 415 8 Economy may be in another boom-bust cycle Reuter BEIJING China's industrial output grew 15 per cent in the third quarter over the same period last year, doubling last year's growth rate and providing new evidence that the economy is falling into another
      Reuter  -  415 words
    • 430 8  -  From Catherine Ong in HONGKONG HONGKONG'S governor, Sir David Wilson, yesterday emphasised the need for the colony's government to work closely with its newly-elected legislators and China to ensure a smooth transition to Chinese rule in 1997. In his state-of-the-territory address
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    • 112 8 AFP JAKARTA The Indonesian authorities have issued the first permits allowing two private companies to import fuel oil, according to press reports yesterday. The Bisnis Indonesia daily quoted an executive of Pertamina, the state oil and gas company, as saying on Natuna
      AFP  -  112 words
    • 222 8 Reuter BOMBAY India, battling a foreign exchange crisis and 153 per cent inflation, has announced a major credit squeeze. The Reserve Bank of India on Tuesday raised the bank rate by one point to 12 per cent and minimum lending rates for commercial banks
      Reuter  -  222 words
    • 297 8 AFP TOKYO Japan's ballooning trade surplus with Southeast Asia will taper off as more Japanese companies build plants in the region, a ranking trade official said yesterday. "I think exports from Japan will slow down," Tadashi Sagisaka, director of the Import Division
      AFP  -  297 words
    • 346 8 FT GENEVA The General Agreement on Tariffs and Trade (Gatt) is reviving a working group on trade and the environment that has never met since it was established 20 years ago. The decision taken on Tuesday by the Gatt Council caps several months
      FT  -  346 words
  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 125 9 To the eadt, you can see right across the straits to Indonesia. 7 To the north, you have a clear view of the Singapore River. To the wedt, you look over Raffles Pi ace. All this, from the tallest building on the waterfront. O .-o In October 1992, Savu Towers
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  • THE WORLD
    • 534 10 Extensive retrenchment casting doubts over economic recovery AFP WASHINGTON The growing number of lay-offs across the US has cast a pall over prospects for a full economic recovery and is further threatening hopes for an increase in consumption to put the economy back into full
      AFP  -  534 words
    • 330 10 Reuter WASHINGTON The US House approved a compromise fiscal 1992 (Oct-Sep) farm spending Bill on Tuesday that includes no funding cap on the Export Enhancement Programme, letting the Agriculture Department decide instead on how much to allocate. The voice vote approval sent the Bill to
      Reuter  -  330 words
    • 242 10 Reuter NEW YORK A US proposal to help alleviate the credit crunch is no substitute for lower interest rates, but rather a supplement, say economists. The US Treasury proposals, intended to spur more bank lending, signalled the government's nervousness over the tepid economic recovery,
      Reuter  -  242 words
    • 250 10 IHT FRANKFURT Unemployment in eastern Germany improved for the second month in a row in September. according to official data on Tuesday. But officials and analysts warned that the figures were likely to show a considerable turn for the worse this winter. The Federal
      IHT  -  250 words
    • 345 10 Reuter MOSCOW Russian President Boris Yeltsin's deputy has said the giant republic is sinking into anarchy and two deputy prime ministers have resigned amid discord over an economic agreement with other republics. The Interfax news agency said on Tuesday that Russian Vice-President
      Reuter  -  345 words
  • Page 10 Advertisements
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  • Page 11 Advertisements

  • 486 12 EDITORIAL CRITICS will now find it much harder to fault one of their favourite targets for its lack of progress on the economic front. It was a fashionable perception that Asean would lose its cohesion even its relevance after the Cambodian problem was solved. That has
    486 words
  • WHAT THE OTHERS SAY
    • 221 12 IT MUST have heartened employers in the manufacturing sector to see the Ministry of Labour last week go the way of the two-levy system instead of its repeatedly declared preference for a tender system, when it raised manufacturers' quota of foreign workers to 45 per cent.
      221 words
    • 95 12 WOULD the Soviets hold true to their commitment to reduce nuclear arms in response to the Americans' initiative? Due to its economic hardship and the need to change its image to attract foreign assistance, the Soviets may merely be resorting to an appeasement tactic. After all,
      95 words
    • 184 12 WHEN the Ministry of Labour first proposed the two-tier foreign worker levy and tender systems last year, its objective was to help resolve the labour shortage problems facing many employers in Singapore. However, it now appears that the two-tier levy policy aims more at controlling the number
      184 words
  • REGIONAL VIEWPOINTS
    • 176 12 What's wrong with the US recovery? The US economy bottomed out in the second quarter, the consensus runs, but is making only grudging headway. Banks are either victims or villains of a credit crunch, and consumer confidence is falling rather than rising. As we see it,
      176 words
    • 156 12 WHEN former foreign minister Siddhi Savetsila urged Thai businessmen not to try to make a fast kip in Laos last week, he touched on an issue that extends further than the country's north-eastern neighbour. Land-locked Laos historically has had to depend on other countries for a gateway
      156 words
    • 168 12 The signing of the Strategic Arms Reduction Talks (Start) took nine arduous years of ping-pong diplomacy, nitpicking and feet dragging to sign, but the current round of nuclear cuts has been totally unexpected though no less welcome. The surprise unilateral move by the US on Sep
      168 words
  • 1042 12  -  Korea's economic success is well-known. But less talked about is the role small and medium sized enterprises played in this growth. Bae Kyung II examines this important contribution Bae Kyung II The writer is Chief Representative of the Industrial Bank of Korea, Singapore Representative Office Many people
    1,042 words
  • Page 12 Advertisements
    • 240 12 5 0 Jg "y a room at The Top At The F.xc<lsior Hong Kong, we naliae (hot al wok ad no play make* for a very dull trip. Which why a room an our Executive Floors could just be one of your better business decisions. is Part business, v j>
      240 words
  • Page 12 Miscellaneous

  • ANALYSIS
    • 1121 13  -  On Monday, the World Bank and IMF will convene in Thailand. S N Vasuki discusses the major issues facing the participants S N Vasuki FOR Thailand and the international banking community, the 46th annual meeting of the board of governors of the World Bank and
      1,121 words
    • 1100 13  -  A spanking new international convention centre is not the only way Thailand has prepared for the annual World Bank/IMF meeting next week. Michelle Rowe reports Michelle Rowe The writer is a Bangkokbased journalist who writes for BT UA N engineering feat" is the way Thailand's .A.
      1,100 words
    • 761 13  -  Gambling in the EC may be soon be deregulated come 1992, writes Brian Love Brian Love Reuter FOR love or money, or both, people gamble more than US$5O billion (SSBS billion) a year in lotteries, casinos, bingo halls and betting shops across the European Community. A
      Reuter  -  761 words
  • Page 13 Advertisements
    • 152 13 [IISH NEVILLE I CLARKE WSm TRAINING Q U A i I I Y TRAINING The Experts In ISO 9000 Quality Management Consultancy Training Quality Assurance for Software Industry S'pore Dale 13-15 Nov *91 KL Dale: 18-20 Nov 91 Pee SSBSO Fee MS 1800 Introduction to ISO 9000/SS308:1988 Quality Management System
      152 words

  • ADVERTISING & MARKETING
    • 643 14  -  Five advertising big-wigs met recently to discuss how they would survive globalisation. Sylvia Wong was at the forum Sylvia Wong EIGHT years ago, The Wall Street Journal started a programme called "A Meeting of Minds", where it brought together creative leaders from
      643 words
    • 263 14 FROM a purely monetary point of view, advertising agencies are regarded as a bad investment, says Eddie Chan, chairman of Chiat Day Mojo. Creative work is expensive, clients are tougher and budgets more limited, he says. So how can agencies produce top creative work yet keep
      263 words
    • 285 14 FR(mi HIGH COSTS and sma§ budgets to the lack of traind animals and performers, common complaint amcpg local advertising agencies Is the difficulty of executfe great ideas in l£die Chan, the chairman of Qiiat Day Mojo, raised this ssue to
      285 words
    • 177 14 WHAT makes a good campaign? The five panelists pick the more memorable ones. Sean Fitzpatrick votes for the Malboro campaign. "Its greatness is not from the immediate identity, but it takes time to catch on. It manifests itself in many different ways, through a cowboy, a
      177 words
    • 195 14 ANOTHER common complaint within the advertising industry is that clients don't show agencies the same respect they accord their bankers or accountants. The result, according to ad-men, is that agencies have been reduced to the role of vendors. But panelists at the roundtable
      195 words
    • 365 14  -  Said Abdullah finds out how the show will go on Said Abdullah Homegrown ad agency Henen Advertising is cashing in on a current craze that has gripped several companies having musicals to mark their anniversaries. Henen's newly set-up Artistic Licence, which has
      365 words
    • 255 14 EVEN BATTERIES are going green. Panasonic has introduced mercury-free batteries to Singapore. It assures users that the batteries which come in the complete range of "alkaline", "heavy-duty" and "extra heavy duty" will last just as long as those that contain mercury. SHRIRO SINGAPORE has launched a new snack
      255 words
  • Page 14 Advertisements
    • 114 14 I s 1 A BOLD DEVELOPMENT t w i 2 I mil 11 ■llT»lullggi^»^^^^^^^^M^^B I s I Hm hH ii t ffifcs? 3 J wh Wt; 1 i4w.U (■El**# f|| xr^MMMK^H W I Nl EI^HEdKaM^ BmBSSH s& #p *%§^i S'it-w 1 ,h4S^i- y jPPIEMifI 1^- *>*v J| y ML TWERS
      114 words
    • 155 14 Incite of Certified Public OPP°* Accountants 71 -rn BE THE GROWTH TRIANGLE A TAX OVERVIEW BATAM JOHORE SINGAPORE November 15 16 (one half days) Mandarin Orchard, Singapore Organised by Institute of Certified Public Accountants of Singapore 116 Middle Road #09-01/04 ICB Enterprise House Singapore 0718 The workshop is aimed at
      155 words

  • SPORTS
    • 689 15 The Royal Albert Hall is the venue for the first sumo wrestling tournament held outside Japan AP LONDON The world's first gramophone concert was held at the Royal Albert Hall in 1906. Queen Elizabeth II held her coronation ball there. Yesterday, the elegant, oval-shaped
      AP  -  689 words
    • 394 15 AP ST ANDREWS, Scotland With Gary Player leading the way, South Africa is returning to team golf competition this week after a decade-long exile. Player, John Bland and David Frost comprise the South African team for the US$l.7 million (552.87 million) Dunhill Cup
      AP  -  394 words
    • 276 15 AP LAS VEGAS A score in the 50's, Robert Gamez said, is not out of the question this week in the Las Vegas Invitational. "I think we could see a 59," Gamez said on Tuesday of a new course being used on
      AP  -  276 words
    • SIDE LINES
      • 119 15 MUNICH Germany on Tuesday defeated the world allstars 3-1 in a charity soccer match to benefit Unicef, the United Nation's children's organisation. Bulgarian striker Hristo Stoitschkow scored the first point for the world all-stars in the 27th minute, but Germany's Dietmar Beiersdorfer of
        119 words
      • 72 15 LONDON British boxer Michael Watson, who was beaten senseless in a televised world title fight 17 days ago, has been taken off sedative drugs but is still in a coma, doctors said on Tuesday. "He is off all sedation but contin-, ues to need ventilatory
        72 words
      • 51 15 ZURICH Top-seeded Steffi Graf of Germany defeated compatriot Eva Pfaff 6-1,7-6 (7-4) on Tuesday in the first round of the U*****,000 (*****,000) European Indoors women's tennis tournament. Second-seeded Gabriela Sabatini also advanced to the second round with a 6-3, 7-5 win over the Soviet Union's Eugenia
        51 words
      • 70 15 SAN FRANCISCO Joe Montana has been told by San Francisco 49ers team doctors that he should undergo elbow surgery, an operation that could end his stellar career. The three-time Super Bowl Most Valuable Player is still seeking other medical opinions. Any surgery would end Montana'?1991 season
        70 words
  • Page 15 Advertisements
    • 129 15 iii Tiiiin' if v i^Bff^" y «M -n^B|V K. ;i .^^BaßW^Bßfc^H^^^H l M fcj J^a ?i it «^b^^B «k .#IMb. jMBHIk 1 '-I fVyt .•Ai^iiS Grand Hyatt Erawan Bangkok Located in the heart of the premier business, diplomatic and shopping districts. Grand Hyatt Erawan Bangkok is, to the time conscious
      129 words

  • Page 16 Advertisements
    • 170 16 WHERE TO WINE, DINE AND EHTERTAIN WHERE TO WINE, DIKE AND ENTERTAIN WHERE TO WINE, DINE t itH f Dessert on the House J Any item you order from our a la carte menu (beverages and desserts excluded) entitles you to complimentary local and Nonya desserts from 6.00pm to 10.00pm
      170 words
    • 311 16 PSBHBShhBBBMB9 im SCOTTS LOUNGE lk Ml flu*) Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist. Experience Hyatt Regency Singapore's new Scotts Lounge. Hyatt Regency Singapore 10-t2 Scons Road Singapore 0922 Tel: 733
      311 words
    • 250 16 Qooh m fclfc $38 Sing in the Subway! Happy hours at Subway ane now singing j hours. So ride on down to Subway for Happy Hours when all drinks are going for a song. Plaza Horn, Happy Hours: »M*K«tonrM>infiTM< 0 QQm M FZ. JJ WrarH torn* i"7»tt 2Mnnil Cafe Aladdi^
      250 words
    • 210 16 £at, jb„nUJ& Werry jjj iJl 1 ',<// October 15-18 m ,M 7pm Midnight ))\)i Adult: $40+ inclusive of a beer H Child below 10: $20+ J a We serve the world to you it Tl>e Belvedere. by -SB- Ite l k mam MB -jss- -*r~ '~S* .ga)) tfittsiLr flB Hotel
      210 words
  • Page 16 Miscellaneous
    • 486 16 TELEVISION AND RADIO «*x^>.- <>*,* v. o—iwwiin i i m win mm n a rmmv i m*tmm r~rwMMMHMiwMMWwr"nriMTi>i —HaTTirrTTnM-~ffTrnr»irTtwtaMmi»ma»«amMWM»w»Maw«<MM» AmamVon Vwo+ ***** 1 :i—n. i\lTlvllC3.ri DFHI 7.M AMCHN hrtwiwllOMl (L). greater mirade/'"' 600 «S(Sn! BSC, 58.9 mHi in VHF BandJl f;g Highlights. 1.05 am: s!00 SiS lake Fatm.n (Stc- 7.*30
      486 words

  • LIFESTYLE
    • 850 17  -  Molly O'Neill on the latest crusade overtaking the anti-fat brigade Molly O'Neill NYT Home cooks are no strangers to the food police. Using scientific studies almost like restraining orders. dieticians, health organisations and journalists have, in recent years, trumpeted a lowering of salt, then sugar,
      NYT; Punch  -  850 words
    • 644 17 CHATTERBOX NATALIA GINZBURG, an author commonly ranked with Umberto Eco as one of Italy's most important writers of fiction, died on Monday at her home in Rome. She was 75. She died of cancer, a spokesman for her publisher, Einaudi, said yesterday.
      644 words
    • 659 17  - Japan's gift to the world natto It looks bad and smells bad. The uninitiated may find it a tad too adventurous to do more then look and turn away from it. But the Japanese glorify it. Next to sushi, it is their national food, says Mark O'Neill Mark O'Neill Reuter
      Reuter  -  659 words
  • Page 17 Advertisements
    • 170 17 AND ENTERTAIN For the fresh and flavourful taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15 pm. ANA HOTEL For reservations, SINGAPORE please call 732-1222 ext 1589. CANTO-POP LOVERS MEET AT 1811 If you're into Cantonese numbers, come down
      170 words
    • 107 17 TT~~i f I 1 •COLOUR PRINTS, DURATRANS, DISPLAY rll i ffldr TRANSPARENCIES ■H VJHP •cibachrome ■■MHJ I bKTACHROME FUJICHROME PROCESSING (ES) •SLIDE DUPLICATING Wi OVERHEAD PROJECTION FILM /M METALLIC GLOSSY PRINTS B A W PRINTS pfl RECOPYING OF PHOTOS SUPER IMPOSE SPECIAL EFFECTS FOR MRT POSTERS EXHIBITIONS ADVERTISING DISPLAY •ARCHITECTURAL
      107 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4980 18  -  By Carolyn Lim RUMOURS that Soviet President Mikhail Gorbachev had been shot jolted the sleepy Singapore market for about 10 minutes yesterday. The assassination talk triggered mild panic-selling that died by midday. The greatest casualty, however, was the market's shine. Taking its cue
      4,980 words

  • 4051 19 Main Board SI A Foreign 1980 20 10% Semb Shipyard 705 20 2.9% Jurong Ship 50« 895 +15 +17% GE Life 1430 +10 +0.7% G Securities 140 +7 5.3% Hotel Prop 164 +7 4.5% C&C 480 *-6 +1.3% H Lcong Fin 210 5 +2.4% lsetan
    4,051 words

  • BT SHARE INFORMATION SERVICE
    • 289 20 Cowfony D«te Year Groop Not tot earnings Cross Ma to profit/loss (L) por sluro dividond ('000) (coots) Stme Spore Oct 3 Jun 91 $20.716($28.405) 4 8(6 2a) 14(18 la) Tractors Oct 3 iun 91 MJ82 198($81 619) 25 4(25 2) 68(666a) DM18 Bhd Oct 1 Am 91 M$25
      289 words
    • 438 20 Company Data Yaar Group pra-tax Nat aaraiags Crass aaa to profit/loss (L) por share dividend ('000) (cants) Boustead Oct 2 )un 91 M$35.810($32,503) 104(8 5) 15(15) S8S Oct 2 Jun 91 $4.315(S4.140> 101(11.5) 7(7) Antah HWgs Sep 30 Jun 91 M$37.468($33,337|) 116(10.2) 6(6) Scotts HWgs Sep 30 Jun
      438 words
    • 493 20 CiwmT Date HaH-ywr Grow* prt-tax Interim am to prafft/lMS (L) <Md—d COM) -M Resources Oct 3 Jun 91 M$99($6,231L) Causeway Sep 30 Am 91 $784($372) Fuji Offset Sep 30 Jon 91 $2,173($1.510) Hong Fok Sep 30 Jun 91 S13.485L(S13.967) Imo-PacifK Sep 30 Jun 91 $1.243($446l) Inravest Bhd Sep
      493 words
    • 660 20 Oct 8 Neptune Orient Lines is buying USsl9m worth of new containers as part of its expansion plans for its containership business Malayan United Manufacturini Bhd (MUMB) is offering one new MUMB share and MS 1.60 in cash for every two Berjaya Group shares. Singapore Food Industries Pte
      660 words
    • 1011 20 Cwrant Ex Berts Date Total lor Total tor paymant tela ctoaa payaMa tea yaar last yaar Acres SITE (I) Oct 21 Oct 31 Nov 15 5%TE 10%TE MSB 50c 3.5*(b) Sep 13 Sep 27 Oct 25 3 5% 25* Avims 20c 5%TE(I) Oct 14 Oct 24 Nov 15
      1,011 words
    • 254 20 Main Board Last Full Ya* Company Ptnod Date Yaar Mat EPS Grxm Nat muiccd amfcf (cants) <J» profit last year (T000) C«r«t»> interim Apr 27 Jul 91 12 6 20 OTE(a) 38.911 long Manf Interim Aug 2 Oec 91 48 50 385 Clob Last FuM Year Company tend
      254 words
    • 61 20 Company Bonus Issue HIP Hdp One-few two Ex-date Oct 11 Books dose Oct 17 Company others Ami SM Restricted OHer for Safe of Angkasa Marketing Bhd shares on the bass of 50 Angkasa shares of M$1 each at M$2 SO per share tor every 1.000 fcnal Steel shares
      61 words
    • 742 20 BONDS, LOANS WARRANTS C—p—y C«n«niw parM C»«ini— tana tor mm m+mry tkan hn( Nt Before 30/6/94 1 warrrt pto Htfl OO cash C&C m Befort 26/4/93 1 warrant pto S3 09 cMh Cauaeway Laaa Cauaeway IN 2/10/89 to 20/10/94 I warrant pto 1077 cash"or 1 warrant pto $0 77 nonanal
      742 words
    • 614 20 Company Rights Issue ha Pic Laid One-tor-two fe MS065 per stare Mbnct Tech One tor-one $100 per share Baton issue of $90 978m normnai amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 489m detachable warrants on the bass of $2 nominal amount of Bonds tor every
      614 words
    • 987 20 Print at at 09. it.91 Ctwtrttoa tanm Praataai/ Expiry (Otcaaat) Aiiiomt Optional** Mtini ittaod Company Writ Start Laan Cam Exar Lattk Cat* Cask. Laaa Gaariag. Data Mtta Haiti) stock ratio prico mom Stk. Loft —i— z VIMO > Burwill 115 2 0 200 0 650 1
      987 words
    • 229 20 Aetna Ltd: EGM at The Conference Room, 17 Jurong Port Road, Singapore 2261 on Thursday, Oct 10, at 3.30pm. Bandar Raya Developments Bhd: EGM at The Paddock, 30th Floor, Kuala Lumpur Hilton, Jaian Sultan Ismail, ***** Kuala Lumpur, Malaysia on Thursday, Oct 10, at 10am. Rashid Hussan Bhd.
      229 words
    • 181 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 htft 1333.08 (3/6/91) 1991 N* 1565.58 (3/6/91) 1991 low: *****2 (16/1/91) 1991 tar *****8 (16/1/91) 1990 htfc 1435 43 (16/7/90) 1990 1607.12 (27/3/90) 1990 tow: 981.07 09/11/90) 1990 tow: 1079.50 (11/10/90) 1919 htfc 1322 00 (28/12/89) 19C9 1487.76 (26/12/89) 1919
      181 words
  • Page 20 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 4191 21 Bernama SOME BUYING interest following an oversold position helped share prices in Kuala Lumpur to a mixed close yesterday after the market was jolted in the morning session by rumours, later denied, that Soviet President Mikhail Gorbachev had been shot. The KLSE
      Bernama  -  4,191 words
  • Page 21 Advertisements
    • 338 21 BUSINES S T I M E S TELEPHONE: 73 0 5771/5772/5773 FAX: 734-4982 I H SINCAPORf FJ BENJAMIN SONS PTE LTD GROUP PUBLIC 1 RELAHONS MANAGER j T JL his is a prestigious opportunity to work with some world famous names. The FJB Group comprising FIB. BMI, Benmark and its
      338 words

  • TOKYO STOCK EXCHANGE
    • 2231 22 Reuter TOKYO STOCKS yesterday surged right before the close on buying linked to the expiry of October options, after spending the day moderately higher in a technical rebound from their three-day decline. But a soft yen, the punishment of the Big Four brokers, and
      Reuter  -  2,231 words
  • STOCK EXCHANGE OF HONGKONG
    • 1887 22 AP Reuter SHARE PRICES on the Hongkong Stock Exchange closed moderately higher in active trad-" ing yesterday. Prices recovered at midday after tumbling on rumours that Soviet President Mikhail Gorbachev had been shot, brokers said. The rumour was later denied by a Kremlin
      AP; Reuter  -  1,887 words
  • Page 22 Advertisements

  • Aussie stocks rise but fail to please investors
    • 893 23 AUSTRALIAN share prices closed slightly higher but left investors disappointed after the leading index failed to match rises on offshore markets. Brokers said the market was held back by the impending release of September jobs data, impatience over interest rate cuts and fears that the recession is deeper than
      893 words
    • 728 23 THAI STOCK prices rose slightly yesterday in thin trading. The Securities Exchange of Thailand (SET) Index closed at 634.76, up 0.96 of a point from Tuesday's close. "The market moved in a positive way when it opened," said Kitti Kiratithamkul, a broker from Cathay Trust. "But news that an
      728 words
    • 729 23 THE JAKARTA Stock Exchange recovered marginally yesterday in low trading, with its index rising 0.06 of a point to 246.37 on turnover of 2.84 million shares, brokers said. They said market sentiment was bearish and likely to remain so for the medium term, with few investors ready to trade
      729 words
    • 489 23 PHILIPPINE shares closcd mixed yesterday with gainers narrowly outpacing losers and most issues showing no change in uninspired trading, brokers said. The Manila composite index rose 0.01 to 982.51 points. Brokers said there was little to spur the market as confusion continued over the timetable for withdrawal of US
      489 words
    • 427 23 TAIWAN share prices rose in early trade yesterday after an opposition group said that it had cancelled plans to disrupt today's National Day military parade. But sentiments quickly changed dur- ing the day and sellers began to raid the market. The Weighted Index closed 21.07 points lower at 4,825.48
      427 words
    • 751 23 SEOUL share prices edged up yesterday in active trading on the Korea Stock Exchange. The composite price index of the exchange, which dropped 6.13 points to 707.75 on Tuesday, gained 1.63 points to close at 709.38. Declines topped advances 480 to 133 among the 772 issues traded. Volume shrank
      751 words
    • 338 23 SHARE PRICES in New Zealand continued Tuesday's rebound, ending stronger on mostly domestic buying. The equities market took no notice of jitters in debt markets caused by comments by Prime Minister Jim Bolger who said the Reserve Bank should be responsible for growth as well as inflation. Interest
      338 words
    • 444 23 Close Previous Oct 9 AUSTRALIA All Ordinaries Index 1,571.3 1,567.0 +4.3 All Industrials Index 2,437.3 2,429.5 f 7.8 All Resources Index 909.3 907.6 +1.7 Turnover (million) 88.7 85.9 +2.8 BANGKOK SET Index 634.76 633.8 f0.96 Turnover (billion baht) 2.0 1.92 -0.08 JAKARTA Composite Index 246.37 246.31 +0.06 MANILA Composite index
      444 words
  • Page 23 Advertisements

  • WORLD STOCK MARKETS
    • Program buying halts 4-day slide in NY
      • Article, Illustration
        1092 24 STOCK PRICES closed higher in moderate trading on Tuesday, halting a four-session losing streak with the help of bargain hunting and computer-driv-en program buying. The Dow Jones Industrial Average, which tumbled 19.01 points on Monday, jumped 21.02 points to 2,963.77. Among the broad-based gauges, the New York Stock
        1,092 words
      • Article, Illustration
        724 24 LONDON shares closed slightly higher on Tuesday in thin trading on what analysts saw as support from a strong futures market and a firm start in New York. "There is nothing going on out there and whatever gains we are seeing come mainly from a bouncy Wall Street," a
        724 words
      • 264 24 DUTCH SHARES ended a day of quiet trade on Tuesday mostly firmer supported by a higher dollar and early Wall Street gains. The EOE 25-share index closed up 1.27 points at 269.33 and the CBS tendency index ended 0.2 of a point higher at 88.9. Steel firm Hoogovens bucked
        264 words
      • 182 24 FRANKFURT STOCKS suffered a moderate loss on Tuesday, as the DAX spot trend index closed at 1,578.71, down 9.95 points on the day, and the Commerzbank indicator shed 13.90 points to 1,835.90. Among blue chips, Siemens dropped 4.20 marks on the session, and Daimler five. Deutsche Bank was unchanged
        182 words
      • 186 24 THE PARIS BOURSE put an end to a four-session losing streak on Tuesday, though not by much, as the CAC-40 stock price index finished the session at 1,848.11 points up by 0.25 of a per cent from the Monday close. The indicator had opened the session down by 0.04
        186 words
      • 216 24 ITALIAN STOCKS ended mixed in a featureless session on Tuesday, with Carlo de Benedetti's Olivetti and industrial holding CIR in the limelight among blue chips, brokers said. The MIB index slipped three points, or 0.29 of a per cent, to close at 1,030. Olivetti fell back in late trade
        216 words
      • 303 24 SWISS shares ended a dull session little changed as the bourse lacked fresh mar-ket-moving news, brokers said. The All-Share SPI edged down 0.4 of a point to 1,084.6, while the SMI index of leading shares added 1.4 to 1,677.4. Bearer shares in technology and utilities firm Motor Columbus added
        303 words
      • 185 24 PRICES on the Stockholm bourse dipped in moderate trade following foreign declines and on fading hopes of an early recovery for Sweden's strained economy, dealers said. The bourse general index fell 1.3 per cent to 995,74 in turnover of 342 million crowns. "A total lack of foreign buyers is
        185 words
      • 419 24 JOHANNESBURG slock market closed mixed to easier on Tuesday in quiet and directionless trading in the absence of any fresh stimulus following recent gold-led gains, dealers said. The recent rise in world gold prices has run out of steam aAer failing to breach US$36O an ounce and gold share
        419 words
      • 362 24 TORONTO stocks ended slightly lower in moderate trade on Tuesday, continuing the downtrend despite a sharp bounce on the Dow Jones from oversold levels. "The players are sitting on their hands," a broker said. The TSE-300 composite index fell 3.42 to 3,353.71. Declining issues led advances 258 to 235
        362 words
      • 199 24 Oct 8 NEW YORK Pml Dow Jones 2.963.77 2,942.75 21.02 s p 500 380 67 379.5 +1 17 Turnover (million) t 177.1 148.5 +28.6 LONDON Financial Times 30 1,991.6 1.989.7 +19 fTSt 100 2,599.5 2,596.2 +3.3 Turnover (million) 372.4 299.2 +73.2 FRANKFURT DAX Index 1,578.71 1,588.66 -9.95 AMSTERDAM CBS Tendency
        199 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1209 25 REPORTS ASIA Tokyo: The dollar was steady against the yen and firmer against the mark after the market calmed down on news that a Kremlin official had denied rumours that Soviet President Mikhail Gorbaehev had been shot, dealers said. The dollar jumped
      1,209 words
    • 361 25 Cross rates Oct 9 USS SS MS Dm Yen SFr AS NZS USS 1.6950 2.7485 1.7070 130.65 0.5882 1.4950 1.2587 1.7606 SS 0.5900 1.6215 1.0071 77.0796 0.3470 0.8820 0.7426 1.0387 MS 0.3638 0.6200 0.6211 47.5350 0.2140 0.5439 0.4579 0 6406 Dm 0.5858 0.9930 1.6101 76.54 0.3446 0.8758
      361 words
    • 535 25 Interbank rates SS Bid Offer Overnight 3 1/4 3 3/8 1-month 4 4 1/8 2-month 4 1/8 4 1/4 3-month 4 1/4 4 3/8 Overnight mode: 3-1/4 LSS Bid Offer 7 days 5 1/4 5 3/8 1 month 5 1/4 5 3/8 2 months 5 3/16 5 5/16
      535 words
    • 470 25 Political tensions put pressure on Taiwan Reuter TAIPEI Political tensions in Taiwan are helping to push down the \alue of the local currency as worried businessmen keep their funds abroad, hankers and economists said yesterday. The Taiwan dollar plunged 10 local cents to NT526.4800 against the US dollar on Tuesday
      Reuter  -  470 words
    • 318 25 Breakaway of Quebec will drive Canadian lower: economists Reuter OTTAWA The separation of Quebec from the rest of Canada would spark a crisis of confidence in financial markets and drive down the value of the Canadian dollar, a group of economists said in a report. The report, published by the
      Reuter  -  318 words
    • 1032 25 SIMEX EURODOLLAR Open High low Sett F.st Vol Op/lnt Vol iXv 91 *L46 94.47 94.44 94.45 3700 ***** 4218 j 94.45 Mar 92 94.55 94.57 94.53 94.54 2700 ***** 1307 Jun 92 94.38 94.39 94.36 94.36 983 6745 903 Sep 9? 94.(N 94 10 94.06 94.07 700 1926
      1,032 words
  • Page 25 Advertisements

  • COMMODITIES
    • 326 26  -  By Shoeb Kagda SINGAPORE As demand for gold jewellery begins to outstrip demand for the yellow metal as an investment tool, Singapore's position as a regional gold fabricating centre is expected to receive a boost. The Republic already serves as an important
      326 words
    • 377 26 Reuter NEW YORK Frozen concentrated orange juice futures soared in heavy trading on worries that major orange growers in Brazil might raise prices and that Florida's orange crop might be smaller than previously thought. "There was a lot of talk of
      Reuter  -  377 words
    • 806 26 REPORT RUBBER CONTINUED buying intervention by the International Natural rubber Organisation (Inro) helped rubber prices firm but they closcd off the day's highs on some late profit-taking, dealers said. They said reports that Inro accepted RSS-1 rubber at higher prices than Tuesday's purchases further
      806 words
  • 1392 26 Rubber Qct9 MS Im kmbt) Scents/kg Noon Close Int I RSS Prompt 140.75/141.75N I4I.00/I42.00N Int 1 RSS Nov 91 142.25/142.75 142.50/143.00 lnt 1 RSS Dec 143.25/143.75 143.50/144 00 Int 2 RSS OP 138.25/140.25N I38.25/140.25N lnt 3 RSS OP 136.75/ 138.75N 136.75/138.75N Int 4 RSS OP 133.25/135.25N 133.25/135.25N lnt 5
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  • Page 26 Advertisements
    • 1254 26 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 W THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF GENERAL RAILWAYSIGNAL PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 801 West
      1,254 words
    • 11 26 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 1153 27 Cttjf ETA FNgkt no Aba DfcaM GA887 1245 GA894 2255 GA975 1300 MMhMi QF061 1820 SQ228 1905 AMMM SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 Atkaaa SQ26 mrrr,1 Aacklaad BA11 1225 SQ325 2115 •akraki GF148 1000 n»Hti»n« GA525/ 1755 910 Sari ia>a«aa SQ181
    1,153 words
  • THE TRAVEL PAGE
    • 460 27  -  POSTCARD FROM IRELAND By Paul Majendie Boatloads of tourists have serenaded him with tin whistles, trumpets and flutes. Once, he leapt out of the water and knocked the pipe from a fisherman's mouth. He swam with the patients of a doctor trying to cure
      460 words
    • 152 27 As at 3pm yesterday: Iiocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3421 1.3535 Canadian dollar 1.4832 1.5057 NZ dollar 0.9512 ***** Sterling pound 2.8714 2.8959 US dollar 1.6900 1.6950 Local dollars to 100 units of foreign currency Austrian schilling 13.91 14.12
      152 words
    • 123 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Oct 2-10 Tehran Ir-Tehran Export Promotion *****1911 Oct 17-21 6th International Milan Trade Associazione 02/*****04 International Fair (Iran) Centre of Iran Audio. Video. Fair. Italy Promozione Oct 5-14 International Le Kram Societe Foire ********** Broadcasting Mostre Tunisian
      123 words
  • Page 27 Advertisements
    • 38 27 Johan, fly Finnair if you're going to Stockholm Swede home. Because Finnair gets you home at 0755 in the morning or onto over 30 other European destinations. Call *****77 for details. We know Europe from start to Finnish.
      38 words
    • 15 27 (<.UJ6T am captw p) shut qp cfWT you see f 6LASPH6ME eSSpH eM^TfeLAsPKe-MfeJ L L£Tn£g^^_—
      15 words
  • Page 27 Miscellaneous
    • 256 27 1 New St Lawrence meetingplaces for legal advice (3,7) —JIL--Fanciful production of 13 The continental spirit a i? marbles champion (5) I I I I I I B 1 15 One who brings about ac- taM H ceptable. crude reform (7) BH— 17 Wine produced by air- I conditioning (7)
      256 words
    • 203 27 Singapore Outlook: Hazy with showers over a few areas in the afternon. Report Maximum temperature 31.5 Assoc humidity 65% Minimum temperature 25.1 Assoc humidity 97% Hours of sunshine 0.00 Rainfall in mm Nil Rainfall this month Trace Rainy days this month 0 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 16/11 Showers
      203 words
    • 55 27 Edgar's First there was the Oddfellows. m II Hot, raunchy and lyrical. I Now, there's Edgar's Fault. I I 111 Heavy, metallic and raw. I II 111 Fault's debut album is now out. K Find out why it's groovy. SINGAPORE'S GAIN r A~ti Dl .JHH F s? VA Wmli Kvlr
      55 words

  • 436 28  -  But IMF expects moderate recovery next year From From S N Vasuki, Magdalene Ng in BANGKOK COMPOUNDED by a recession in the US and UK, as well as higher oil prices during the early part of this year, the world economy is
    436 words
  • 109 28 BANGKOK Annual average oil price will rise by one per cent to US$lB.6l (5531.5) a barrel in 1992, after dropping 16.5 per cent to U5518.43 a barrel this year, the International Monetary Fund (IMF) said in its latest economic forecast. Released
    109 words
  • 402 28  -  Desaru resort dispute By Dawn Tan SINGAPORE Uncertainty hangs over the future of DIRSB (Desaru International Resort Sdn Bhd), developer of the proposed multi-million dollar resort project in southeastern Johor. In spite of assurances from DIRSB that it will appeal to the Johor
    402 words
  • 273 28 Reuter JAKARTA Leaders of the world's major oil consumer and producer groups. Opcc and the International Energy Agency (lEA), have agreed to j hold talks on technical aspects of the oil market to help improve stability. "What is required
    Reuter  -  273 words
  • 288 28  -  From Leslie Lopez in KUALA LUMPUR THE MOVE by the US to grant major debt concessions to Poland and Egypt came under attack yesterday from Commonwealth Finance Ministers, who are demanding that Washington be more consistent when considering the plight
    288 words
  • 179 28 AFP HANOI Vietnam's central bank will open the country's second foreign exchange market next month in the capital as part of a strategy to stabilise the national currency, the official press said yesterday. The move follows the creation on Aug 30 of an
    AFP  -  179 words
  • 673 28  -  The Bottom Line KENNETH JAMES KENNETH JAMES The writer is BT's Economics Correspondent A CAMEL, they say. is a horse designed by a committee. For a while, it seemed that the economic hobby-horses of the various Asean countries would be plasticined into a
    673 words
  • 127 28 AP KUALA LUMPUR Indonesia and Malaysia yesterday established a special committee to discuss in detail the two nations' rival claims to the Sipadan and Ligitan islands. Ahmad Kamil Jaafar, Secretary General of the Foreign Ministry, said after talks be- tween officials of the
    AP  -  127 words
  • Page 28 Advertisements
    • 100 28 Nikon The World's Finest Photographic Systems ■feu j&taLi ~HitoKr fe. B ■■HHHilHi^ mRBRhR Dauphin Sitzkultur Ahealthy backbone is essential FOR PERFORMANCE. We want to inspire people with chairs which display corporate identity: The superb, clean the design of Dauphin chairs integrate elegantly into the office environment. Reasonably priced seating with
      100 words
    • 12 28 Call to resist World Bank moves on aid and loans, Pg 7
      12 words
    • 189 28 Nikon The World's Finest Photographic Systems Editorial, Pr 12 [Mergers and acquisitions the accounting perspective This seminar is designed with both non-financial professionals and corporate financial executives in mind. For lawyers, bankers and others giving advice to corporations, an awareness of the effect of their advice on the financial statements
      189 words

  • ShippingTimes
    • 418 29  -  By Rahita Elias SINGAPORE Singapore Airlines, in its bid to capture a bigger slice of the Japanese market, has spent $40.5 million on its promotion campaigns over the past five years. Mr Liau Nyuk Hoi, SlA's senior vice-president, North Asia, said that
      418 words
    • 278 29  -  Construction of Loyang Way facility to begin next July By Dexter Lee SINGAPORE Singapore Airlines has decided to build a new $26 million warehouse in Loyang Way to house the growing supply stores of its corporate affairs and engineering divisions. According to the latest issue
      278 words
    • 295 29 ASEAN SHIPPERS will appeal to shipping lines to freeze all surcharges until the end of next year to enable the Federation of Asean Shippers' Council (FASC) to initiate consultation on all freight rate matters. The FASC made this decision at its 14th Annual General
      295 words
    • 289 29 NYT WASHINGTON The mion representing air traffic x>ntrollers told a House sub:ommittee on Tuesday that :here had been hundreds of incidents in recent months when anti-collision alarms on airliners reportedly malfunctioned, sometimes prompting dangerous manoeuvres by pilots. From May to September, pilots and controllers reported
      NYT  -  289 words
    • NEWS SUMMARY
      • 35 29 Inchcape may have become one of the world's largest international marketing services groups, but it has all the while remained faithful to its shipping beginnings. Elizabeth Canna reports Page 2
        35 words
      • 51 29 A bankruptcy court judge on Tuesday gave the go-ahead to Northwest Airlines to buy the assets of Midway Airlines Inc for US$5l7O million (about SS2B7 million), sounding the death knell for one of the first carriers born in the industry's deregulation Back
        51 words
      • 31 29 A Soviet foreign ministry spokesman said payments of delayed shipping tolls for Soviet ships in foreign ports would be made soon Back Page
        31 words
      • 52 29 A federal judge on Tuesday approved a U551,025 billion (551.73 billion) settlement with Exxon Corp to settle criminal and civil charges stemming from the 1989 Valdez tanker spill, the biggest*in US history. As part of the settlement, Exxon formally entered four guilty pleas to misdemeanour charges
        52 words
    • LOG BOOK
      • 68 30 OGDEN, Utah Thiokol Corp said it has signed a definitive agreement to acquire Huck Manufacturing Co from Fed-eral-Mogul Corp for about US$l5O million (***** million) in cash and the assumption of liabilities, with closing expected in about 30 days. Huck, based in Irvine, California,
        68 words
      • 88 30 HONGKONG Hongkong's Cathay Pacific is to resume scheduled flights to Vietnam starting in mid-December after a hiatus of more than 16 years, the airline spokesman said on Tuesday. He said the Hanoi government had also agreed to set up a visa office in the British
        88 words
      • 73 30 NEW YORK American Telephone and Telegraph Co said on Monday that it will offer 24 private line circuits to the Soviet Union using Intersputnik, an international communications satellite system jointly owned by several countries, including the Soviet Union. ATT also said that beginning Oct 1,
        73 words
      • 100 30 KIRKLAND, Washington McCaw Cellular Communications Inc said on Monday that it had made an agreement to provide cellular telephone service through 100 of 264 ATT Phone Centres that American Telephone and Telegraph Co has designated to offer cellular products nationwide effective Monday. McCaw said the
        100 words
    • 887 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 arg indicated. The Cockett Bunker Price Index change and
      887 words
    • 695 30 SENTIMENT in the dry cargo freight market on Tuesday picked up on further credit prospects for the Soviet Union which was accompanied by firmer fixture reports in the Atlantic, brokers said. The European Community (EC) on Monday agreed to offer the Soviet Union 1.25 billion Ecu in new
      695 words
    • 1538 30  -  Inchcape may have become one of the world's largest international marketing services groups, but it has all the while remained faithful to its shipping beginnings. Elizabeth Canna reports Elizabeth Canna American Shipper WITH offices spanning the globe, Britain's Inchcape pic has become the largest third
      American Shipper  -  1,538 words
    • 915 30 Page Coi ABC Containerline 12 I Accord Group 8 1-3 APL 5 3-5 A PC Line 13 5 Arrow Inter 9 4 ASCL S I 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
      915 words
    • 8956 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      8,956 words
    • 3322 43 Shpg Agencies Pie Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord CrtMip: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN) Adkris Business Corporation Philippine: CaJsoarce Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service; Kim Shpg Sc Trdg (S). Albatros Sen-Air Service: Frata Shpg Pte Ltd (S). Alfred C Toepfcr
      3,322 words
    • 260 43 Abacus Couriers Tel: 545-8011. Fix. *****98. Air Express Travel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-link International Tel: 344-3377. Fax: *****50 Cluster link Supplies A Services
      260 words
    • 1532 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Actrrair Singapore Tel: 542-7821 Fax: *****20 Aero!ink Freight International Tel: 545-8031 Fax: *****05 Aerospeed Tel: 542-5911. Fax: *****18 Air Cargo Novo Express Tel 542-5454 Fa* *****06 Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,532 words
    • 1639 44 SHIP SALES TANKER RATES Although the chartering market on the dry side, for the week ending 4th October 1991, has not yet come up to the levels which were hoped for, it does now appear to be improving and the news of fresh Russian grain acquisitions is causing a new
      1,639 words
    • 554 44 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TOOAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 I BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 1 LUX/DXB BA822
      554 words
    • 328 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dtf Name of Vend ETA ETD Forts of Calls Port Ageat OCT 10 10 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 11 II Ocean Pearl 0700 2359 P Klang-Sin-Bangkok Borneo Shipping 12 12 < ■Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 14 14 Cora
      328 words
    • SHIPS IN PORT
      • 575 45 Hi Birth km* Dapartrt Vm* fry w» Berth km* Papyfcre Marina Terminal 1 hHander 14 w 1010/1800 1010/2030 Aungthatamon 01/91 M03 alongside 0910/2359 Retriever 9/91 S03 0910/1300 10.10/1200 eZtT MS m SiiftS South C*n P165 S03 1010/1300 1210/1300 Batam Map *****1 M04 alongsrie 1010/2300 Batam Sayang *****1
        575 words
      • 211 45 Mwn Nrt Barth: 1: nil; 2: mi; 3: Samudra Samrat; 4: Lee Chang Line S: Kwan Mo Bone 6: ml. 01 jetty; Santi, Warembungan. DCi: Kyoei Maru No 1. foe on Oct 9: Ajon, Gloria, Kns Madura, Barge Josindo SakL Dm on Oct 10; Esperanza, Silver Pride.
        211 words
      • 860 45 Ej E FCL CONTAINERS AND LCL CAR 0 3 a* Hi No Etb/Btr Record J rWTOO Bookim/Bahnc From T« Mb From ACX Daisy 196 11/2300 09/1700 10/1200 10/0659 10/1459 10/0900 10/1700 Ater •fcclue 7321W 10/2300 09/1500 09/1700 09/1659 10/0659 09/1900 10/0900 An Jayakarta ***** 11/0700 09/1500 10/0700 09/1659
        860 words
    • 587 46 US$ 170 m package includes USs2om cash for 21 gates Reuter CHICAGO A bankruptcy court judge on Tuesday gave the go-ahead to Northwest Airlines to buy the assets of Midway Airlines Inc for USssl7o million (about SS2B7 million), sounding the death knell
      Reuter  -  587 words
    • 157 46 Reuter MOSCOW A Soviet foreign ministry spokesman said payments of delayed shipping tolls for Soviet ships in foreign ports would be made in the next few days. "According to information we have received, incidents of delays in payment of service charges for
      Reuter  -  157 words
    • 147 46 Reuter LONDON Scandinavian Airlines System plans to integrate operations with Swissair, Schweizerische Luftverkehr AG and Austrian Airlines Oesterreichische Luftverkehrs-AG to develop a European network, the Financial Times daily reported on Tuesday. The newspaper quoted SAS president Jan Carlzon as saying existing rules made
      Reuter  -  147 words
  • Page 29 Advertisements
    • 263 29 rl lgills nave uccn uvti j jwpm.vjv —i On January 1, we bring you the best of both worlds You've probably heard the news by now. In fact, EAC and Ben are two of the truly great names of nine fast containerships which will serve major For more information please
      263 words
    • 49 29 I A* Forwarden 15 Ar FrofM ScMuk 1« Cockctt faport 2 Contamr Schedule I' Countr Serves 15 Owe I Fern Sd*Mes 1« OaiyFrt** 2 Mei to Advertisers 2 Sh«M|AfH* -15 Shop** Gtad* *41 Si*R*s/Tanker Rate 16 ShpsmPort 1' Singapore Tides 17 Transport Dary 3 Weather and Saa Condfcom 17
      49 words

  • Page 30 Advertisements
    • 73 30 NOTICE M.V. "SHIKISHIMA MARU" NO. 17 Voy. 3 arrived Singapore 25/9/1991 "ESPERANZA ACE" Voy. 23 arrived Singapore 5/10/1991 consignees of all damaged cargoes ex the captioned vessels arc hereby notified that a general survey will be held on the llth October 1991 (Friday) Pasir Panjang at Pt 10 *****200 hrs.
      73 words
    • 24 30 ®Um iM mtylcm NfnmM fey «f tIM ■>ghli| «f Accrwitoi I 2!?£liESS' w "*"^>sBB*7 |Wng MSOCUINm. tuhtrtninx wpm% amlth t Shipping limn /W 74H-20H9/740-2090.
      24 words

  • Page 31 Advertisements
    • 2426 31 MM OOCL(S) PTE LTD-JAHWNEBH»»P»«a AGENCIES till## TEL: *****11 FAX *****09 \I|WWW BOOKINGS TEL *****34 *****58 VlffllV TERMINAUCFS TEL: *****18-220 PESAKA JAROINE SHf»P»4G AGENCIES SON. BHD h J PORT KELANG TEL *****18 FAX *****91/*****88 PENANG TEL: *****4 FAX *****1 CFS TEL: *****6 Dedicated to Quality Service ipohtel: *****^4fax *****6 Pf T7.11J41
      2,426 words
    • 1970 31 1 TRANSPORT DIARY Oct 10 (12.15aM-2Jopa): Luncheon Talk on "Oil Pollution", organised by Singapore National Shipping Association at the World Trade Centre Club. Fof further details, please contact SNSA at tei: 273-3574 or fax: 274-5079. Oct 15-16: Seminar on Trading, Shipping and Banking Documentation for Procedural Export Operations, organised by
      1,970 words
    • 1525 31 ■qrcmnira TWO SAILINGS TO USA MCKINNEY MAERSK V.9106 ETA SIN 15/10 LAUST MAERSK V.9112 ETA SIN 14/10 Veeael Voy ETA I ETD Feeder by DESTINATIONS Singapore Merkur Delta to TNS wMk Mcfcmrwy MMrik sloe kqeqsq^BQQ2B9B3B3SSS9G^^3S^9^E33SSE cy 15/10 0800 hrs Port mtM mKM Mi CFS 14/10 2359 MRS Kelang Panang OAK
      1,525 words

  • Page 32 Advertisements
    • 980 32 Irottedam/J VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE ELBE 07/140 11/10 37T1 30/10 29/10 JMMS LEVERKUSEN EXPRESS 03/340 14/10 30/10 1/11 4/11 5/11 AUZiU LONDON EXPRESS 04/141 17/10 9/11 5/11 4/11 r KITANO 10/341 20/10 6/11 8/11 11/11 12/11 HAMBURG EXPRESS 05/142 24/10 16/11 12/11 11/11 vCii TOKIO
      980 words
    • 637 32 SEASPAC SERVICE DIRECT SOUTH PACIFIC SERVICE SIN NOU suv PPT L J BON TANG 2805E8 26/10 11/11 14/11 19/11 ALSO ACCEPTING CARGO MA SUVA TO: lAUTOKA. PAGO PAGO. APIA I NUKUALOAFA DIRECT CHILE/ SOUTH AMERICAN SERVICE SIN IQO ANF VAP CLX L. J BONTANG 2805E8 28/10 2/12 3/12 10/12 11/12
      637 words
    • 1466 32 raswiasmm &xam~ REGULAR IMPEPEMOgNT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SM ALG BCI HAM BRE ROT ANT FEL LNA (VIA (MA (MA ALG) HAM) ROT) NORASIA SHARJAH 9130 3 11/10 01/11 03/11 06/11 07/11 07/11 OS/11 09/11 19/11 NORASIA MUBARAK 9131 3 14/10 05/11 07/11 09/11 11/11 10/11 12/U
      1,466 words

  • Page 33 Advertisements
    • 1689 33 s*Steamers Maritime Holdings Ltd I W aS-^—lggißaFg r>fihiHii'|iißiii!t T ifHMftit||fMiK'iiMTftiM BtrlliralnHnwlinTwvlflHslilllillH »«t >•» Wf tr*«m #M !>»• «t s» *n« K>i accepts du SUSp FfMOUU 04T0544 07/10 It/It #4/10 12/1* 29/10- 31/10 (2/11 CMeO STLSST ?TI. SJS »/!J «/l! 2,1? 2TI. v, 10 *****12 2£i «/ia STRAITS STAR wm 10,
      1,689 words
    • 2208 33 TO: U.S.A./PANAMA FM: U.S.A./PANAMA ;sttl vor V Ml IB M m W W HTC omU/QOT WTC WW C«l IGi QW V HOT UK CHA MCI CF I*o 11/10 J/Il 0/11 15/11 19/11 *0/11 21/11 21/11 HHAMA VM It* WAIJ4 2«/» JO/0 1/0 0/0 IS/0 M/li XOYAHC VUCCfSJ CF 141 1*
      2,208 words

  • Page 34 Advertisements
    • 573 34 SB CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE STOtt ROAM tOAM H'BURG BREMEN MTMW MATUAM 30M 15/10 IS/11 23/11 27/11 1/12 SMMMTA/3JW 30/11 3/1 J/1 15/1 20/1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sui>4«c« to lnduc«m«nt. Also accepting cargo to Casablanca, Port Said, Port Alexandria. Gartoa Trlssla ALSO ACCEPTING
      573 words
    • 1020 34 \@h at xi V/ HANJIN SHIPPING I IS port iUH RTM ANR HAM BRV TEL i FEEDER VSL SM LME HAUL LGB OAK H HANJIN FELIXSTOWE 009* 13/10 31/10 1/11 2/11 2/11 3/U 4/11. HANJIN OAKLAND 01SE 16/10 OMECT S/ll 9/11 HMUN I (HAVRE 014W ?0/l0 7/11 8/11 9/11 9/11
      1,020 words
    • 1189 34 In tic nc u*!o»nhmiimc»unclm *m n w rs m I I OUDE 10/10 17/11 22/11 2J/10 S/10 21/11 S/10 11/10 1/11 2/11 4/11 IS/11 27/11 21/11 1/12 10/12 11/12 12/12 11/12 IS/12 2S/12 VI «/l VI I I 10A0MC 071 21/11 2«/ll 2S/10 30/ II 1/11 4/11 S/ll 7/11 l/ll
      1,189 words

  • Page 35 Advertisements
    • 1966 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 JV AUST/INDIA/PAK SERVICE: *****18 CFS K27 EXPORT J221 253/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69^*****50 NEPLINE SDN BHD MALAYSIA c CM clcoftJ K
      1,966 words
    • 1085 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4) *****8 JOHORE BAHRU: *****11 *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUW)—OBCHAKONG WESTBOUW-LOMmG HWgMrfED W HOTTCTDWI vcsms ww |»i |mj> t«6 wr |sw |mi |wc |»w> |n
      1,085 words

  • Page 36 Advertisements
    • 1650 36 K" mmt ft ICR No: **********0 M) V W l m. V m AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD W W TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 Hi MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD 1 TEL: SA *****00 PK *****01/5 PENANG *****0 J8 *****1. KAWASAKI KISEN KAISHA, LTD
      1,650 words
    • 1144 36 VB PHILI-ORICNT UN€S PT€ LTD I 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Tales: RS ***** PHIU FAX: *****78/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU m ffg qSB MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 'Jjf 15 OCT MONTREAL, OTTAWA. TORONTO. 17
      1,144 words

  • Page 37 Advertisements
    • 1238 37 PACIFIC INTERNATIONAL LINES (PTE) LTD m mm !!>■ i mt Mm mHU P,L Building, 140 Cecil Street #03-00, Singapore 0106. jJAKARTA 1 [BANGKOK 1 VESSEL VOV SIN JKT SIN VESSEL VOV SIN BKK SIN EQUATOR MAS 16N 10/10 13/10 17/10 KOTA SURIA 1100 11/10 14/10 17/10 BUNGA TERATAI 413 13/10
      1,238 words
    • 1044 37 BEN LINE CONTAINERS WD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Bend von' 358 11/10 28/10 29/10 1/11 Juliandia f 356 12/10 1/11
      1,044 words
    • 577 37 —T MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIf Pen P.Gdf MM GUI VIO9W 10/14 Oct MHY* VII7W 15/ IS Oct 10/13 Oct HAKHA V432R 19/21 Oct HPA-AR WlS** 27/30 Oct THE BANK LINE (A Mrvica of Andrew W«k Shipping) Vi SEMI-CONTAINER SERVICE \l HEAVY
      577 words


  • Page 39 Advertisements
    • 422 39 r ScanDutehtf I TO EUROPE (NORTH CONTINENT-UK-SCANPINAVIA) WEEKLY FttM yttsgL PKLAHQ WNANO OCEAN VtMEL WW LI HAVWtd) in>AM<2) »-HAM»TOW(3) HWM(4) flWM|»| Smia/N Mum 4/10 0/10 3/10 5/10 tamw/351 U/10 20/10 20/J0 /l# ~/W s3&:= zi: wjx sa; s= &s $s u&sr m. ft! ..7.. jS&s: 35 igs &s smsu ~7..
      422 words
    • 638 39 WEEKL V, FIXED DA Y, DIRECT CALL Niiloyd from port kelang and Singapore to damietta Nedlloyd Lines from jam 1902 I msjujwo/Fui 1 VESSL *t M| t* s» STwya np<*> Vmn Dm*9) M#(C) N Rouen/9124 30/9 2/10 24/10 24/10 25/10 28/10 11/11 23/11 13/ 14/ IS/ »5/U lj/U WIJ 1/
      638 words

  • Page 40 Advertisements
    • 722 40 TO AUSTRALIA/NEW ZEALAND **[IS |Fr«n llMb fjyi luck [wt If CHMM mtwcwen in "ii/To" 31/10 s/11 »/u u/u 17/11 MMTHA a 211 14/11 11/11 2C/11 1/12 7/12 10/12 aim HUNG 2»2 1/12 t/12 14/12 11/12 24/12 27/12 ■■■•l 2*3 17/12 25/12 30/12 S/l 11/1 uTI TO USA/CANADA »5 [hi Guff
      722 words
    • 958 40 EXPORTS TO HONGKONG. TAIWAN. MANILA 1 JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUND VOY PHI PEN MtT SN MNL HKG KAO KEE TYO SM2 NGO KOO VESSEL VOY |SM |PKI PEN BLW SM AC» DAISY 190 *4 10 810 11 10 15 10 17 10 22 10 2310 24 10
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    • 68 40 Convention* LCL/FCL Scnict To mo ASM. BUM NORTH SOUTH IMKt PICK MC NMN OCUK VESSELS AVAILABLE FOR SALe/CHAATEA/TftANSWt>MfeNT SONO TMAO" HO CHI WWtl "A VESSEL'' MADMt/CALCUTTA/CHnTAOONO/RANOOON IVIMI AARON r BKK/SATTAHP/VUNQTAU/PHNOW PENH IVWtI "A VESSEL" COCOMaO/DUBAI/DAMMAN/Kl/WAIT -A VSL" JEDOAH/HOOCDAH/AQABA 14/W/S1 -O SERAVA" SIN BATAM WEEKLY SERVICES TMC SHIPPING/A AARON ORIENT LINES
      68 words
    • 1620 40 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MAmsus AGENTS SINGAPORE'S GENERAL AGENTS KOfWS MOTI CHUNG CHIAO SHIPPING SON BHD COSTAR SHIPPING PTE LTD [LI" GLO6AL PUTRA KL TEL *****91/17 FU: *****92. ***** TEL: *****00/2261(33 INDONESIA MARITIME P. KINK TEL 3MSIOC/S TU :IM ***** TELEX IK *****/1 COSHP KT TO.
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  • Page 41 Advertisements
    • 534 41 WEEKLY LCL CONSOLIDATION HONG KONG KEELUNG BUSAN EUROPE (ALL PORT A DESTINATIONS) FAST DIRECT REGULAR SERVICE TO INDONESIA PORTS PK. BALAM/PANJANG/PALEMBANG/MUNTOK VSI ETA ETD LOADING FOR DELI INOAH In Port 1010 91 PK BAIAM LAMPUNG JAYA In Port 12.10 91 PANJANG/PALEMBANG PWANG JAYA 13.10 91 14 10 91 PANJANG PERITA
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    • 493 41 T^snsim^^ Sf TEL: *****33 (12 Lln«o) M FAX: *****15/*****03 IOJI TELEX: RS ***** RISHIP (3 Unoa) PjT\ ETHUPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA ILOADING FOR SPORE ABYOT 26W8 11/10 DARESSALAAM MOMBASA. DJIBOUTI ASSAB MASSAWA AND!NET 25W8 30/11 DARESSALAAM. MOMBASA DJIBOUTI ASSAB MASSAWA
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    • 900 41 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD in eta eta SWtt PORT KELANC KNANC BLUE lAIX 17/10 15 10 Loadmj lot Male *U*»l HUOHU 15/10 Loading tot Calcutta 00LMN 25/10 Loading foe Mate nociß supreme 20/10 loading For Male DONMULH 22/10 Loaded For Fekaaru PtOGKSS LBEITT 30/10 Loading toi
      900 words
    • 804 41 AM BHUM NAMTA MM (IN Fil 11/10 Sm 13/I^J jiaijsso I ""I HN M —u7» —W 5^ PASA ENAM 71S 16 10 19 10 «M BHUM 113S I is 10 I 22 10 MAHA BHUM# 7011 Sm 13/16 16/11 SURABAYA KNM *****1 ow T W» Fri 18/11 4 I I
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  • Page 42 Advertisements
    • 1137 42 I S'PORE IMPORT: *****02 I PENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 WAREHOUSE REMOVAL (SINGAPORE) Please be informed that our warehouse at F2 Keppel Terminal will be moving to:- PBI inside Pasir
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    • 319 42 ffrgfc blue star line TO FROM NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIM NFI ML LVT SM MULBERA 23S 11/10 23/10 VIA NPI 29/10 11/11 MAKSURI 060 C 20/10 0/11 VIA NPI 1/11 25/11 PROSPCCT 15$ 7/11 19/11 WA NTI 21/11 0/12 FULLY CONTAINERISED
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    • 1223 42 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE. TOSOCO CONVENTIOHAL/COMTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL TVOT InA IPEST VESSEL Wl SPOtt P. «IAW
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  • Page 44 Advertisements
    • 190 44 INVESTING SUPPLEMENT 1991 A special Business Times Survey October 89,1991 Bonus time is Just around the corner. And many of you will be looking at the numerous options of parking your hard-earned bonus. To assist you In making that Important choice, Business Times has Invited local and foreign experts to
      190 words
    • 141 44 UP. LIVING IT vx EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you 11 know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or
      141 words

  • Page 45 Advertisements
    • 120 45 |9|V 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 way a surgeon needs his tools
      120 words
  • Page 45 Miscellaneous
    • 284 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOI 0000 01M 0200 0300 MOO 0600 KM 07M MOO WOO *************************6M17M1800 1900 2000 2100 2200 23M 3.0 2.8 2.3 1.7 LI 08 06 0 7 10 1 7 2.5 30 30 2.8 2.3 16 10 0.5 0.3 0.3 05 10 18
      284 words

  • Page 46 Advertisements
    • 891 46 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARME CO. LTD. EASTBOUNO FEEDER TO PACffIC SOUTH-WEST TO PACWC NORTH-WEST 880 WT WD m SM 1M Mil. WfBO li W L» HRUL WW MO TOt/StA fTI NAN Ml 200 NM3 17/11 M/ 10 10/10 N. EXPLOKR 431 11/10 (4/11 07/11 M/ll
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    • 192 46 [gjf] PT. CELEBES LINES dedicated common feeder service to from INDONESIA Vaaael Voy ata ata ata Sin Surabaya Jakarta Nusantara Pacific 018 11/10 13/10 Tanto Utama 199 10/10 13/10 Nusantara Pacific 028 16/10 19/10 Bontang Pacific 068 16/10 19/10 Tanto Utama 201 18/10 21/10 Bontang Pacific 078 23/10 26/10 C
      192 words
    • 717 46 CHARTPOINT Every Saturday in Business Times 1 VISA FREIGHT SERVICES PTE LTD£* MM (INTERNATIONAL ffISGHT FORWARDERS) I^^ to AMSON MOML tM. MIUMAHUNM.KAZA. aMQAPORE 0307 TEI 22M0M (IX UNES) TEUEX RS W7D VWA MCSMLE ***** M We Sail The World For You REGULAR CROUPAGE LCL CONSOLIDATION SERVICES IMPORT EXPORT United States
      717 words