The Business Times, 24 October 1991

Total Pages: 48
1 48 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Thursday, October 24, 1991 75®
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  • NEWS SUMMARY
    • 65 1 SEOUL North and South Korea said in a surprise announcement yesterday that they had agreed in principle to adopt a comprehensive accord aimed at easing four decades of bitter hostility. The announcement was the first sign of progress in four rounds of
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    • 38 1 BEIJING China and Laos will sign a border treaty, the Xinhua news agency reported yesterday during a visit here by Laotian Premier Khamtay Siphandone. The two countries normalised relations two years ago.
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    • 33 1 THE Kuok Group's controversial Great World City project, expected to open for business in late 1994, is on the move at last after 10 years of delays and snags Page 2
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    • 36 1 INDONESIA'S reformers will continue to guide the country's economic policy in spite of mixed signals, said the Political and Economic Risk Consultancy in the latest issue of its Asian Intelligence report. Page 8
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    • 36 1 JAPAN'S trade surplus, which had been dropping in recent years, has started to expand again, especially with Europe. The widening trade surplus with the EC will renew criticism against its trade practices Page 9
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    • 28 1 IS ASEAN is on the verge of a new era. It has given the grouping's economic integration a serious short in the arm Page II
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    • 22 1 FOUNDER and chairman of knockdown furniture business Ikea, Ingvar Kamprad, still believes in the philosophy of minimal wastage Page 12
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    • 36 1 EVEN at age 42, she's still Twiggy. She'll be Twiggy when she's 85. But the 51-kg exmodel wishes everyone could forget what it stands for, forget the '60s and the 'twinkle dust' Page 15
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    • 34 1 THE Port of Singapore Authority has awarded L&M Geotechnic Pte Ltd an $11.5million contract to install concrete piles for the Keppel Distripark project Shipping Times Page I
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  • MARKETS SUMMARY
    • 51 1 THE New York stock market showed little change in early trading yesterday. The Dow Jones average of 30 industrials, down 37.35 points Monday and Tuesday, recovered 2.69 points in the first halfhour but then dipped to show a 2.01-point loss at 3,037.79 by 1430 GMT, one hour into
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    • 29 1 LONDON Share prices were higher at midday yesterday, with the Footsie 100share index up 2.7 points, or 0.1 per cent, at 2,562.2 at about 12:15pm (1115 GMT).
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    • 42 1 WORLD Square Pty Ltd has sounded out the unions and some contractors on re-starting work on World Square, IGB Corp Bhd's billion-dollar 'hole-in-the-ground' project in Sydney which has been stalled by union problems since September last year Page 3
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    • 22 1 JAPANESE warrants and equities were the top performing regional funds last month, said the Hongkong Unit Trust Association Page 3
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    • 18 1 JAMES Capel (Far East) has been brought down to earth but with a bump Page 3
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    • 25 1 NEWS Corp will float its Australian commercial printing and principal magazine operations into a separate company, Pacific Magazines and Printing Ltd Page 4
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 702.53 +5.47 Kuala Lumpur ....525.98 +3.62 Tokyo 24,799.94 -154.72 Hongkong 4,021.38 +39.72 Sydney 1,635.5 -8 Tuesday Change New York 3,039.8 -20.58 London 2,559.5 -16.2
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    • 24 1 Exchange rates USS SS 1.6940 100 Yen SS 1.2872 MS SS 0.6156 Money martiet rates Overnight 3 5/8 -1/8 3-montn 4 1/8 unch
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    • 37 1 London Gold AM fix US$362.90 USSunch Rubber S'porc Nov 142.00*/kg -0.75 M'sia Nov 228.00Vkg unch KL Tin Turnover 68 tonnes -7 Spol MS 14.93 /kg unch Credo palm oil Turnover 1,050 lots +317 Dec MS842/tonne +3
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  • 446 1  -  Meeting held with Manila officials to get more info on plans From Sangeeta Mulchand in MANILA LISTED Keppel Corporation has expressed interest to participate in the development of Philippines' Subic Naval Base after the American withdrawal, now scheduled to take place over
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  • 303 1 AP PARIS Singapore Foreign Minister Wong Kan Seng said yesterday the signing of the Cambodian peace treaty in Paris is a time not only for rejoicing and congratulations but also for sober reflection. Speaking at the Paris Conference on Cambodia where a
    AP  -  303 words
  • 80 1 AT THE balloting of Singapore Computer Systems' fixedprice shares yesterday, Quek Poh Huat (left) and Tay Siew Choon (right) of SCS had million-dollar reasons to be happy. Thanks to the range of successful bids received for its tender tranche, SCS and its parent, Singapore Technologies Industrial
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  • 100 1 BONUS TIME is just around the corner. Whether it is three or six months, the annual payout will still add up to a tidy sum. And many of you will be looking at the numerous options of parking your hard-earned bonus. To assist you in making
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  • 439 1  -  By Dawn Tan SINGAPORE Developers of the multi-million-dollar projects on Sentosa island are unlikely to pull out of their commitments despite speculation that the vital rail link to the island may be scrapped. Sentosa Development Corporation (SDC) had planned for
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  • 425 1  -  By Lilian Ang SINGAPORE Mobil is building a new $150 million plant to help reduce the sulphur content in diesel and other fuels, an investment which underlines the growing awareness among oil companies here of the need to
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  • Page 1 Advertisements
    • 266 1 cP Receiver 0 Senoo FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone 235 1333 Kiuta LiMipar Phone 757 0233 PNMf Phone 615 985/619 014 Jakarta: Phone 374 065/380 1472 fcrcralt Schedule 29 Money Changer Rates 29 Weather 29 Commodrt*s 28 Money Market 27 World News 8.9 Company News 3,4
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    • 18 1 Khmer Rouge plans new strategy, Pg 8 Vietnam likely to get aid after signing of accord, Pg 8
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    • 72 1 i Rodenstoch HIS IS the gargantuan task Jr of injecting new life into Jakarta's capital markets. Of M coping with a financial com- j JE^ munity that has gyrated from wild enthusiasm to utter de- JH spair. Marzuki Usman. the visiting chairman of In donesia's Capital Market Advisory Agency, is
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 100 2 PRESIDENT Wee Kim Wee has reiterated Singapore's eontinued support for efforts by the United Nations to preserve peaee and enhance cooperation among member countries. In a message to the UN to mark its national day today, he also praised the organisation's role during
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      • 96 2 A 10-MEMBER trade delegation from North Sumatra arrives in Singapore today to meet local businessmen with a view to cooperating in the fields of tourism, hotels, food processing and horticulture. In conjunction with the threeday visit, the Export Institute of Singapore (EIS) will hold a
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      • 97 2 SINGAPORE TELECOM has extended its International Toll-free Telephone Service and Call Home Service to Portugal, including the Azores and Madeira, and Hungary. Subscribers to the ITFS will pay a one-time $400 fee. Usage charges for incoming calls will be based on local IDD rates. Users will have
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    • 206 2  -  From Sangeeta Mulchand in MANILA I HE Philippine Chamber of Commerce and Industry (PCCI) yesterday accepted an invitation by the honorary president of the Singapore Chinese Chamber of Commerce and Industry, Tan Keong Choon, to send a trade mission to Singapore next year. Mr
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    • 353 2  -  Low-key ground-breaking ceremony held last month By Colin Tan THE Kuok Group's controversial Great World City project is on the move at last after 10 years of delays and snags. Midpoint Properties, a Kuok Group subsidiary, reportedly held a ground-break-ing ceremony at the
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    • 292 2  -  By Joseph Rajendran THE Singapore Institute of Standards Industrial Research (Sisir) has set higher standards for local manufacturers to ensure the quality of the Republic's goods complies with the highest international standards. Sisir's existing campaign to raise local production standards the Good Manufacturing
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    • 259 2  -  By Schutz Lee CHANGES TO US exportcontrol regulations will be outlined to Singapore businessmen by US Commerce Department representatives at a seminar next Tuesday. The seminar "US Export Licensing: Policy and Practice" will discuss changes to the so-called Cocom core list, which
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    • 283 2 THE NGEE ANN Polytechnic has forged a partnership with Telecom Equipment to help make its final-year students' projects not only more market-oriented but marketable too. Yesterday, the two parties signed a memorandum of understanding to collaborate on designing and developing new telecommunications
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  • Page 2 Advertisements
    • 148 2 GUESS WHICH 1.8 IS UNDER $70,000? IT IS. To be exact, the new Mitsubishi Galant 1.8 Super Saloon Automatic is $69,888. Unbelievable, isn't it? Especially when you consider what's being offered by others. Fact is, there's no other 1.8 litre luxury car that can touch it. What's more, our introductory
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  • COMPANY NEWS 1
    • 397 3  -  By Lee Han Shih SINGAPORE Work could start in the next few months on World Square, IGB Corp Bhd's billion-dollar "hole-in-the-ground" project in Sydney which has been stalled by union problems since September last year. World Square Pty Ltd (WSPL) has sounded out
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    • 183 3 SINGAPORE Amtek Engineering Ltd has announced a new venture in Johor for the manufacture of precision rubber components. Amtek will have a 60 per cent equity stake in the company, AE Rubber Sdn Bhd, and the balance will be held by Tai Nan
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    • 478 3  -  By Carolyn Lim SINGAPORE Singapore Computer Systems (SCS) has set the cut-off price for its tender tranche at 85 cents, leaving investors who applied at the popular range of 76 to 80 cents out in the cold. And surprisingly, small
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    • 413 3 Bernama KUALA LUMPUR Plaza Rakyat Sdn Bhd, a company which Golden Plus Holdings Bhd had proposed to subscribe for one million 8 per cent preference shares, is expected to generate MSS2I million in profit, it was announced yesterday. Golden Plus said in reply
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    • 603 3  -  THE HOCK LOCK SIEW COLUMN By Catherine Ong HONGKONG They call it a merger. But most people in the industry know better. James Capel (Far East) Ltd is in effect being swallowed up by poor cousin Wardley Ltd, under a
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    • 478 3  -  From Catherine Ong in HONGKONG HONGKONG The top performing regional funds last month were those which invested in Japanese warrants and equities, according to statistics released by the Hongkong Unit Trust Association (HKUTA) yesterday. The association's monthly survey found that the best five performances
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    • COMPANY BRIEFS
      • 41 3 SINGAPORE Harimau Investments Ltd has disclosed that the net tangible assets backing for each 1 ordinary share of the company based on the group's unaudited accounts as at Sep 30 was $1.58 per share.
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      • 35 3 SINGAPORE Far Eastern Bank announced that it had disposed of 450,000 warrants of United Overseas Land Ltd on Tuesday for 31.29 cents apiece. Its present holding amounts to 202,000 warrants.
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      • 43 3 SINGAPORE San Teh Ltd has disclosed to the Stock Exchange of Singapore that one of its directors, Huang Chian Ming, had on Oct 22 disposed of 10,000 shares in the company for $9,500, or 95 cents per share.
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      • 68 3 KUALA LUMPUR Kanzen Bhd, formerly Dreamland Holdings Bhd, has allocated US$6OO,OOO (551.02 million) as an initial investment for its proposed joint venture company in Xiamen, China. The venture will manufacture spring mattresses. Executive chairman Tunku Abdul Rahman Ibni Almarhum Tunku Temenggung Ahmad said the decision to
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      • 102 3 KUALA LUMPUR Arab-Malaysian Merchant Bank Bhd, on behalf of Magnum Corporation Bhd, yesterday announced that the Capital Issues Committee has approved two proposals. One proposal concerns the sub-division of the par value of Magnum shares of Msl per share to 50 sen per share, which will change
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      • 81 3 KUALA LUMPUR MBf Finance Bhd said Bank Negara Malaysia has approved the proposed shareholding structure of MBfs trust company: MBf Finance Bhd (20 per cent), MBf Information Services Sdn Bhd (20 per cent), MBf Nominees Sdn Bhd (20 per cent), MBf Holdings Bhd (20 per
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    • COMPANY BRIEFS
      • 74 4 TOKYO Sumitomo Metal Industries Ltd has redueed planned capital investment in the year from April 1992 to 100 billion yen (S$ 1.2 billion), a company spokesman said. It had earlier planned to order 140 billion yen worth of plant and equipment in 1992/93, he
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      • 59 4 MELBOURNE EL and C Baillieu Ltd and Smith New Court pic said they have formed a commercial relationship to develop business in Australia and overseas. "It is intended that the relationship will capitalise on the strengths of the two groups and will provide an international distribution
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      • 61 4 BERLIN Japan's Sony Corp warned it may pull out of a major project to develop the barren Potzdamer Platz district where the Berlin Wall once stood. Sony joined another would-be investor, German carmaker Daimler-Benz AG, in criticising the Berlin government's architectural blueprint for the scheme,
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      • 70 4 TOKYO Major watchmaker Hattori Seiko Co Ltd has set up a jointly owned sales unit capitalised at 900 million yen (SSIO.B million) with its Thai distributor Muang Thong Holdings Co Ltd, a Seiko spokesman said. Bangkok-based Muang Thong Seiko Ltd, owned 30 per cent
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    • 315 4 Reuter LONDON Jardine Matheson Holdings Ltd said its JIB Group pic insurance broking unit is to be listed on the London Stock Exchange by means of a placing and ofFer of 33 million shares at 195p (555.85) per share, valuing
      Reuter  -  315 words
    • 323 4 Reuter SYDNEY News Corp Ltd said it will float its Australian commercial printing and principal magazine operations into a separate company to be called Pacific Magazines and Printing Ltd. News Corp chairman and chief executive Rupert Murdoch said it would offer 55 per
      Reuter  -  323 words
    • 291 4 Proposal could damage HK's reputation: accountants HONGKONG The Hongkong Society of Accountants (HKSA) says that Jardines' proposal that it be granted special listing status will damage the territory's reputation as a financial centre, the South China Morning Post reported earlier this week. In its six-page
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    • 558 4 Reuter BEIJING Foreigners will soon be able to buy a stake in a state-owned company in China in one of Beijing's boldest flirtations with capitalism since Mao Zedong founded the communist state in 1949. When Shanghai Vacuum Electron Device
      Reuter  -  558 words
    • 429 4 BANGKOK The French hotel and catering group Accor is likely to participate in the expansion of the Cambodiana Sofitel, the only first-class hotel in Phnom Penh, The Nation reported recently. A joint venture firm owned by Cambodian and foreign interests, it has decided
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    • 239 4 Reuter HONGKONG Union i Faith Canada Holdings Ltd, I a company equally owned by Hutchison Whampoa Ltd and Cavendish International j Holdings Ltd. has agreed to j increase its existing sharej holding in Husky Oil Ltd to 49 per cent from
      Reuter  -  239 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 299 4 .SIAN INTERNATIONAL FORESTRY, WOODWORKING eumabOG MURE SUPPUES EXHIBITION AND CONFERENCE J 2 NOV 1991, WORLD TRADE CENTRE, SINGAPORE 6 Good Reasons Why You Should Be At WoodmacAsia9l Make the right business contacts. View the latest equipment from market leaders and an impressive list of over 350 participants from more than
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    • 161 4 Institute of Certified Riblic 0??°* ..oqEOW Axountants *rn JSmvoK HO^ tu 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
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  • Page 5 Advertisements
    • 269 5 THE TOTAL CONCEPT with sky atriums in the office tower. A totally self-contained A spectacular 5-storey office lobby development of offices, shops atrium to dignify your office. and apartments with I Panoramic view of entertainment, SBP-" ji VH the sea and the city. recreation and hospitality jl AFFORDABLE ARCHITECTURALLY heart
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 81 6 ZURICH Credit Suisse, subsidiary of CS Holding, said its group balance sheet total was 161 billion Swiss francs (SslB4 billion) at end-September, up 7.6 per cent from the start of the year but 4.4 per cent down from end-June. The bank's announcement
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      • 88 6 TORONTO Judgment on a suit filed by 70 Canadian investors against Lloyd's of London insurance market has been delayed, lawyers said. The Lloyd's investors, mostly doctors, dentists and professionals from southern Ontario, launched the suit on Sept 5, alleging Lloyd's was fraudulent in inducing them
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      • 97 6 OSLO Norway's biggest bank, Den Norske Bank (Dnß), said it expected to post a considerable loss when publishing third quarter results on Oct 31. On Tuesday, the bank reported 3.8 billion crowns (Ss97l million) in loss allocations in the first nine months this year, of which
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      • 67 6 TAIPEI Four Taiwan state-run banks plan to set up a joint subsidiary in Belgium or Luxembourg to exploit business opportunities after the European Community becomes a single market, bank officials said. Officials of First Commercial Bank, Taiwan Cooperative Bank, Land Bank of Taiwan and
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    • 253 6 AFP BANGKOK Thailand's five major commercial banks plan to cut their fixed deposit and prime interest rates next week due to excess liquidity in the money market, press reports here said yesterday. The reports quoted Tarrin Nimmanhaeminda, president of Siam Commercial
      AFP  -  253 words
    • 229 6 Reuter MEXICO CITY Bancomer, Mexico's second-biggest bank, goes on the auction block on Friday in what may be the biggest sale to date in the government's sweeping privatisation programme. A leader of the retail banking sector, Bancomer was the nation's top bank before its nationalisation
      Reuter  -  229 words
    • 461 6 Sale is biggest in privatisation programme Reuter ISLAMABAD Pakistan put its financial crown jewels up for sale on Tuesday, offering three state commercial banks and two development banks to the highest bidders. Privatisation Commission chairman Senator Saeed Qadir said the
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    • 257 6  -  By Chew Eng Han SINGAPORE To develop the expanding derivatives and futures market in Asia, the First Asian Conference on Futures Money Management will be held in Singapore from Nov 24 to 26. The conference will provide a forum where futures investors and
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    • 378 6 Reuter NEW YORK Third quarter US bank profits beat analysts' expectations, which gave many bank stocks a boost, but profits still are not robust, analysts said. "Generally third quarter bank earnings were better than people expected," said Bear Stearns Cos' Mark Alpert. "They
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    • 212 6 Reuter NEW YORK Chase Manhattan Corp, which has been aggressively reducing its workforce, expects to cut more jobs, chief financial officer Michael Esposito told analysts. Since June 30, 1990, Chase has cut 6,060 jobs, but it has also added 1,135 by buying several
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    • 210 6 Reuter NEW YORK Bankers Trust New York Corp's third quarter earnings rose from a year ago, aided by higher revenues from trading items such as bonds. It earned US$lB5 million (*****.5 million) in the 1991 third quarter, or $2.17 a share, versus $170 million,
      Reuter  -  210 words
  • Page 6 Advertisements
    • 109 6 215*3 ACRES (87.l4Ha)approx Auction Wednesday November 27, 3pm on site. Two bis to be offered separately. Close to CBD (12 km.) with direct access to the city via the Westgate Freeway. The sites adjoin the recently announced major Toyota Development. Other neighbouring companies include Westgate Transport, 8.A.5.F., Commercial Polimers, Nippon
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    • 258 6 A Two Day Conference on the Prospects, Opportunities New Applications of: INTEGRATED SERVICES PICITAE NETWORK November 19 20,1991 Mandarin Hotel 1991 CONFERENCE OPENING ADDRESSES HIGHLIGHTS sin hang boon drt.irmer President, CCfTT v' Global Developments in Business Communications Group Geneva k ISDN Tariffs A Standards Singapore Telecom 8 Country Presentations on
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  • THE REGION 1
    • 1158 7 Asian Business interviews Thai Prime Minister Anand Panyarachun Question: What role should government have in running the economy? Answer The government's role should be one of facilitator and promoter. My philosophy is that most areas of economic activity should be left to
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    • 302 7 Reuter BANGKOK The Thai Cabinet has approved in principle an amendment to the current patent law to extend protection to pharmaceutical products, their active ingredients, food, drink and some biotechnological inventions, a government spokeswoman said on Tuesday. The current patent law
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    • 182 7 BANGKOK Thai Agriculture and Cooperatives Minister Dr Anat Arbhabhirama is expected to propose a new agricultural policy that is aimed at boosting growth in the sector by 3.4 per cent in the seventh economic plan. Dr Anat said the present agricultural policy, covering production, human
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    • NOTE BOOK
      • 125 8 CANBERRA Australia's foreign debt has shown signs of contraction as investment begins to pick up, according to figures released here yesterday. The Bureau of Statistics, in its final report for the June quarter, said net foreign debt had fallen by 2 per cent
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      • 103 8 CANBERRA The Australian government will restore short-term insurance cover for exports to Vietnam after resuming official aid this month, it was announced on Tuesday. Minister for Industry, Technology and Commerce John Button, said the Export Finance and Insurance Corporation (Efic) would make up to Aslo million
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      • 115 8 KUALA LUMPUR An 11-member British trade mission from the Wolverhampton Chamber of Commerce and Industry will be visiting Malaysia for five days beginning Nov 4, to promote new business venture and trading activities. In a statement released on Tuesday, the British High Commission here said
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      • 72 8 BANGKOK Staporn Kavitanond, the new secretary-gen-eral of Thailand's Board of Investment (BOI), is likely to announce a reshuffle of senior officials soon as part of his reorganisation programme, says a report in The Nation on Tuesday. The paper said the agency has also sought approval
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      • 99 8 MANILA The Philippine government yesterday filed new criminal charges against Imelda Marcos that for the first time directly involve the US$35O million (***** million) allegedly stashed in Swiss banks. The cases were filed to meet Swiss legal requirements that the government obtain a criminal conviction
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      • 84 8 JAKARTA Coal deposits left smouldering by widespread forest fires will take three years to fully extinguish, Minister of Population and Environment Emil Salim has predicted. "We need time to handle such complex fires, and I myself estimate that we need about three years.
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      • 73 8 SYDNEY An Australian court has jailed an Indonesian fisherman for nine months and placed six others on good behaviour bonds for poaching prized trochus shells in territorial waters off Australia's north-west coast, officials said yesterday. The seven fishermen, from an island in the southern Sulawesi, all pleaded
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    • 475 8  -  Shelving of big projects point to this: Perc By Said Abdullah SINGAPORE Despite mixed signals recently, reformers are likely to continue to hold sway in Indonesia in the short term at least, says the Political and Economic Risk Consultancy (Perc). In the latest issue of its
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    • 341 8 JAKARTA Indonesian timber tycoon Mohammad Hasan has urged the government to seek a sharp reduction of high duties imposed by developed nations, including Japan and the United States, on importers of Indonesian plywood, say a report in the Jakarta Post. Speaking
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    • 511 8 The Cambodian peace pact AFP PARIS With a treaty to end 21 years of war ready for signing yesterday, the 19 countries involved in the Cambodian peace process have turned their efforts to rebuilding the war-ravaged country. Japan took the lead in attempting
      AFP  -  511 words
    • 281 8 Reuter OSAKA Vietnam will reap a gradual peace dividend from the Cambodian peace settlement, with Japan likely to resume economic aid, Vietnamese officials and diplomats said. Speaking at an international business convention at Osaka on Tuesday, they said that the key
      Reuter  -  281 words
    • 317 8 Reuter PARIS The United States is preparing to take concrete steps to normalise relations with Vietnam and lift a trade embargo against Cambodia after the signing of the Cambodian peace treaty yesterday, a senior US official said. The official, who briefed reporters on
      Reuter  -  317 words
    • 152 8 AP BANGKOK Pol Pot's Khmer Rouge is trying to retake power in Cambodia by forming a political party that espouses capitalism and democracy but is run by the Communist officials who oversaw its deadly 1975-78 rule, according to internal Khmer Rouge documents. The pact would
      AP  -  152 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
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    • 328 8 SINGAPORE BUS SERVICE (1978) LTD I (Incorporated in the Republic of Singapore) I ANNOUNCEMENT I On behalf of Singapore Bus Service (1978) Ltd ("SBS"), The I Development Bank of Singapore Ltd announces that as at the close of I the unconditional cash offer (the "Offer") by SBS to acquire all
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  • THE WORLD
    • 417 9 Reuter LONDON Japan's widening trade surplus with the European Community will renew critieism against its trade practices, forcing Japanese firms to plan a more subtle advance into Europe, Japanese economists based in London say. European officials voiced concern about Japan's swelling trade gap
      Reuter  -  417 words
    • 450 9 NYT TOKYO Japan's economy, though gradually slowing, continues to expand supported by still strong domestic demand, the government's Economic Planning Agency said on Tuesday. The agency's monthly economic report is based on a variety of economic indicators of a few months previously,
      NYT  -  450 words
    • 189 9 AP NEW YORK Customs agents are investigating allegations that 23 textile and garment firms owned by the Chinese government have skipped hundreds of millions of dollars in tariffs, authorities say. Federal prosecutors in Manhattan are preparing for the possibility of scores
      AP  -  189 words
    • 225 9 FT LONDON A sharp fall in UK exports last month, shown up in government figures published on Tuesday, have raised more questions about the likely rate of recovery from the recession. According to the Central Statistical Office (CSO), the value of exports last
      FT  -  225 words
    • WORLD WATCH
      • 90 9 SEOUL A South Korean delegation left for the US yesterday to defend driftnet fishing, a National Fisheries Administration spokesman said. "A team left (yesterday) to try and talk the US out of imposing sanctions against us and to get them to understand our situation."
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      • 59 9 MOSCOW President Mikhail Gorbachev and eight Soviet republics yesterday on Tuesday appealed to the Ukraine to remain in some kind of union. In an appeal to the Ukrainian Parliament, Mr Gorbachev and leaders from Russia. Kazakhstan, Belorussia, Uzbekistan, Azerbaijan, Kirghizia, Tajikistan and Turkmenia said
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      • 78 9 CHICAGO Defence Secretary Dick Cheney said on Tuesday that military spending already is being slashed and Congressional tax cuts should not be financed with deeper reductions in the Defence Department budget. Mr Cheney said the current Pentagon five-year budget plan calls for reducing spending by one-third
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      • 108 9 WASHINGTON The White House has rejected suggestions that its sudden interest in a possible tax cut for the middle-class was a political ploy, but declined to predict when Americans might get a break. Press secretary Marlin Fitzwater said on Tuesday that the administration
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  • Page 9 Advertisements
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  • 479 10 EDITORIAL George Marshall, the American Secretary of State who proposed the Marshall Plan in 1947, later called the European Recovery Programme to rebuild war-ravaged Europe with American finance, would not recognise the economic powerhouse that Europe has become. Far from relying on American finance,
    479 words
  • WHAT THE OTHERS SAY
    • 225 10 THE hubris of the liberal democracies, fresh from their victory over communism, was apparent at last week's Commonwealth summit, where a glib equation of good governance with democracy became a scarcely-concealed attempt to pass off the superiority of the West wind over the East wind. At
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    • 107 10 THE Harare Declaration represents a new turning point for the Commonwealth. There is a new sense of confidence tinged with pragmatism. Despite some early reservations about its destiny, the Commonwealth has been able to move ahead. It can take pride in being one of few successful international
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    • 150 10 THE Cambodian communist party has changed its name to Cambodian People's Party and announced a series of political and economic reform measures. The main reason for its doing so is to ensure its survival. That means the communist-oriented Khmer Rouge, if it wants to be accepted by
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  • REGIONAL VIEWPOINTS
    • 194 10 AS Japan seeks a larger role in the world Japan may be seen as a "potential threat" in East Asia because of its economic power and militaristic past. Japan can allay this fear in many ways: settling the Northern Territories dispute with the Russian Republic peacefully;
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    • 147 10 THE President, in an address before the assembled leaders of Golkar on the occasion of the ruling organisation's 27th anniversary on Sunday night said the group should continue to grow and develop as a democratic socio-political organisation and maintain its identity and its image as an
      147 words
    • 170 10 WESTERN peace makers are about to repeat their old mistake of wading blind into the political swamps of Indochina. The aim of bringing a better way of life to the 75 million people of Indochina is laudable. But then so was America's initial suggestion in the Vietnam
      170 words
  • 776 10  -  Maggie Ford speaks to Marzuki Usman, the man charged with revitalising Jakarta's capital markets Maggie Ford The writer is a Jakarta-based journalist who contributes to BT IN the foyer of Marzuki Usman's office in the Jakarta Stock Exchange there is a large picture of
    776 words
  • Page 10 Advertisements
    • 99 10 A BOU) DEVELOPMENT 1111 11 r «-i^<! 1j 4f%^ KM 111 mii&3M flll4Ula!uiii^MHTTTnf?TT^^SFswL^^B MntMllHH BNI II II (Ttßiyirßl^M M'lllHIII r iMiiiiiyiii«am^MM 1,11! IT! -%r W' ym Himiml :^Sb <I^l isSm* WLIWEIIS fs's i Easy access via ECP and AYE 5-minute walk I from Tanjong Pagar MRT Column-free office 0 space
      99 words
  • Page 10 Miscellaneous
    • 40 10 DOONESBURY BY GARRY TRUDEAU >VUCAhfT HZY,S</6<m€K TM PKOIIP 7006 A POINTO' OAI/vjfvi Jrsenajs< UT& m PFOUPOFMY/WTI- .IE TOO6COPFOK P*U6 UefiUß MUZAK IPSA! I'M WHMeZv TDACCBFT CFCOURX IMB HOPING YOUt? PROUP UNWORTHY TMTK&JS, TM6ON6TO6O! J TO STANPWMYSIPP, TOSHAFZ MUM! r==:=t> j
      40 words

  • ANALYSIS
    • 1766 11  -  This week saw the creation of the European Economic Area, the world's largest common market. Asean has plans to form its own free trade area. Yang Razali Kassim, who covered the two major ministerial meetings which this year caused the strategic shift in Asean economic cooperation, comments
      1,766 words
    • 482 11  -  Janet McEvoy reports on the deal between the EC and Efia Janet McEvoy Reuter A PACT merging the European Community and Efta into the world's biggest common market will increase Western Europe's political clout and serve as a trial run for enlarging the EC, senior officials say.
      Reuter  -  482 words
  • Page 11 Advertisements
    • 127 11 The empress placE CLLTIRE BY THE SINGAPORE BIVKI A RARE OPPORTUNITY TO VIEW AND INVEST INBEUING HUAXIA ANTIQUES AND ART Date: 25 27 October 1991 lime: 11.00 am 7.00 pa Venoe: Empreu Place "I T fyivm 1 R Here is an exclusive opportunity for you to acquire rare Chinese investment
      127 words

  • ADVERTISING & MARKETING
    • 815 12  -  The founder and chairman of Ikea, Mr Ingvar Kamprad, was in Singapore recently. In an interview with Josephine Ng he talks about Ikea's innovative methods in the knockdown furniture business Josephine Ng Josephine Ng is a senior consultant of Huntington C Communications INGVAR KAMPRAD is 65
      815 words
    • 210 12 NYT JAPANESE retailers and manufacturers say they are getting closer to making Halloween one more Western holiday they can use to scare up sales. "At last it's starting to hecome a business," said a spokesman for MorozofT Ltd, a major confectionery
      NYT  -  210 words
    • 480 12  -  Sangeeta Mulchand finds out more about the Advertising Advisory Centre service Sangeeta Mulchand Tapping the growing advertising industry in Singapore, former Bozell chief Andrew Kefford has set up the Advertising Advisory Centre, which offers a shortcut to advertisers seeking to employ an agency.
      480 words
    • 298 12  -  Sylvia Wong looks at McDonald's new commercials Sylvia Wong IN A BID to sell itself as a local family restaurant, hamburger chain McDonald's now plans to use only local television commercials for its "image spots" which depict its identity on the screen. This
      298 words
    • 308 12 SINGAPORE and Japan cach won 10 of the top 30 awards in the Times Asia-Pa-cific Advertising Awards which were announced in Taiwan on Oct 12. The awards were organised by the China Times Group of Taiwan and attracted thousands of entries. Work was judged in 12 categories with
      308 words
  • Page 12 Advertisements
    • 269 12 Intricacies of i I Oriental Carpets I 3 Mr. SH Sameyeh, expert in antique hand woven oriental carpets ij t h and tapestries, proudly presents this hardcover book of 407 is 1 pages, featuring an exquisite selection of the finest and most 2 beautiful oriental carpets of the past hundred
      269 words
    • 191 12 INVITATION to a free seminar on HOW TO COMPUTERISE YOUR PAYROLL, PERSONNEL, FINANCIAL. SYSTEM THE SUCCESSFUL WAY EASY PAY is a leading payroll system with over 1,000 packages sold in Singapore. EASY STAFF personnel system is an award winning human resource package. l A EASY ASSET fixed assets system that
      191 words

  • Page 13 Advertisements
    • 128 13 To the eadt, you can see right across the straits to Indonesia. jBffi^^B^aBB^^^^BMSSB^BiMi^^BS^SBMBiH!^BHII^B^MBB: To th e north, you have a clear view of the Singapore River. To the wedt, you look over Raffles PI ace. All this, fro m the tallest building on the waterfront. O-J o In October 1992,
      128 words

  • Page 14 Advertisements
    • 105 14 WHEBE TO WINE, DINE AND INTEBTAIN WHERE TO WINE, DINE AMP ENTERTAIN WHERE TO WINE, DINE Dessert on the House 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 daily. A MEMBER Of
      105 words
    • 391 14 1! uiiimifiiHiiiinn Goes Irresistibly Indian India. The land of culinary temptations. Indulge yourself at the Maharajah's table. 4 masterchefs from Hyatt Regency Delhi return to perform their magic at Plum's. Choose from masala, tandoori, kebabs, korma, just to name a few. We know you won't resist. Buffet available for lunch,
      391 words
    • 292 14 THE EXECUTIVE'S SET MEAL $14++ Per Person Monday ROAST BKEF W ITH SAUTKKD VEGETABLES Tuesday ♦SEAFOOD CREOLE WITH SAFFRON RICK Wednesday *W\tK PICAITA WITH SPAGHETTI NAPOLITANA Thursday ♦RED SNAPPER IN FRUIT SAUCE Friday ♦CHICKEN MERKNGO WITH BUTTERED RICE Served with Soup and Dessert of the Day. M Plaza Hotel L
      292 words
    • 183 14 J Lv That's our prediction for you when you step into the Kaabah as ,vr hand* take you down memory lane with golden hit* and evergreen*. Every night it nostalgia night You'll be mesmerized. 7fmta Xfm. —r -1 r*)n« 11 "Hi t* T"' At THE GAZEBO Fun Pub you Happy
      183 words
  • Page 14 Miscellaneous
    • 622 14 TELEVISION AND RADIO mj*iii«Miww« mi urn fe.-*s**Fiua. m**- imn* ii WMi i_. a«i «riia» w+<<*xw<r*a»&u\ wn tnmmmnm tdwi vMMMtMMQMwpmim iir4***«**aM*- mummm# :mvt. rnrnmmmmmimmmmmmtmml "1 "1 1 -fV| gets some incredible results. 4.00 <Engl h) I BUSINESS ON RAPtO XXXX XdX C 700 AM CNN International (L). Ca 5 Funn,est Home
      622 words

  • LIFESTYLE
    • 1123 15  -  Carla Hall calls on the most famous supermodel of all Carla Hall IHT WHEN SHE was incredibly famous, she was preposterously thin: at a height of 1.7 m, she weighed 42 kg measured 78-58-78 cm. "I was just built like a boy you know. But I ate
      IHT  -  1,123 words
    • 473 15  -  Christopher Lehmann-Haupt comes up with some interesting pet tales Christopher Lehmann-Haupt NYT THE CAT is the only non-grcgarious animal noted Francis Galton, the English scientist in the 19th century. "It's retained by its extraordinary adhesion to the comforts of the house in which it is reared."
      NYT  -  473 words
    • 441 15 CHATTERBOX NIGERIAN writer Ben Okri won the prestigious Booker Prize on Tuesday for his third novel, The Famished Road. Announcing the winner of the £20,000 (S$58,000) literary prize at a dinner at London's Guildhall, the judges praised Okri's "vigor, ambition and... masterly control of
      441 words
  • Page 15 Advertisements
    • 173 15 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. A ANA HOTEL For reservations, SI NGAPORE please call 732-1222 ext 1589. ,6n 7S£m5E5!S CANTO-POP LOVERS MEET AT 181 I f ©It
      173 words
    • 87 15 1 JBBp^ I I ■P 1 ttfl II Ib^^BHi^M New from Krups an exci ting and beautifully FVnni thp |JI designed line of coffeemakers 1 lull 1 111 v that add colour and chic to .j f modern living. luups gallery, Warm red or cool black rr I whichever model
      87 words

  • SPORTS 1
    • 432 16 AFP BRIGHTON, England Wimbledon champion Steffi Graf believes that top players should be fined at least US$lOO,OOO (S$ 169,000) if they take part in meaningiess exhibitions when major tournaments are being staged. Graf was speaking after beating American Katrina Adams 7-6, 6-3 in the first
      AFP  -  432 words
    • 328 16 Reuter BERLIN Tennis star Boris Becker says Berlin should drop its bid to host the Summer Olympic Games in the year 2000 to avoid a dangerous revival of German nationalism. "I think it would be better to give the Games to
      Reuter  -  328 words
    • 1133 17 A sensitive man or a sexual aggressor? NYT BACK when Mike Tyson was a 17-year-old amateur boxer, his mentor, Cus D'Amato, persuaded the fighter's managers to buy Tyson the car of his dreams, a white Cadillac with a blue top. On evenings in Catskill, New York,
      NYT  -  1,133 words
    • 293 17 HolyfieldTyson fight may not see light at all AP NEW YORK Evander Holyfield's promoter said on Tuesday that the heavyweight champion's next title defence will not be against Mike Tyson. Unable to come up with a January date for a HolyfieldTyson Tight, promoter Dan Duva said that the postponed match
      AP  -  293 words
    • SIDE LINES
      • 114 17 HAVANA Cuba's state sports sector, deprived of support and cooperation from former East European allies, is now seeking to finance itself by selling coaching services, training facilities and publicity rights for hard currency. Granma, the mouthpiece of Cuba's ruling Communist Party, yesterday quoted
        114 words
      • 100 17 AUXERRE, France French police put a man on every one of Liverpool's 700 fans for yesterday's UEFA Cup match with Auxerre. "We do not expect any trouble," a police spokesman said, "but we do not want to take any chances." The English club, back in Europe for
        100 words
      • 85 17 COPENHAGEN Mighty Bayern Munich crashed to one of the most humiliating defeats in its history here on Tuesday when it was hammered 6-2 by BK 1903 Copenhagen in the first leg of their second-round UEFA Cup clash. The Danes, who knocked out Scottish opponents Aberdeen 3-0 on
        85 words
      • 98 17 TORONTO Jahangir Khan of Pakistan led the top four seeds into the semi-finals of the Canadian Open Squash Championships with a straight games victory as expected form held up on Tuesday. Top seed Khan, a three-time winner of this event, posted a 15-6 15-9 15-10 over
        98 words
      • 93 17 READING, England Wisecracking Welshman Cliff Wilson has branded snooker's new pockets "a joke". The sport's governing body, the World Professional Billiards and SnookerAssociation, this season designed its own tenpiates the! device used to regulate the cut of the pockets. But they havt not met with the approval
        93 words
      • 49 17 SAO PAULO Brazil's Luis Mattar trounced Thomas Muster of Australia 6-3, 6-2 on Tuesday in tho»; second day of play in the US$l5O,OOO Philips Open tenni(< tournament. Mattar used a powerful serve and aggressive netj' play to upset Muster in one hour and 28 minutes.
        49 words
  • Page 16 Advertisements
    • 248 16 Y -Slif tili ll*iN" f iIH v si"~ f""-' -7 -*U V •—>■*'■ »f •■?*_< V < -->►-~ _r,wsa aß! r 3tP #SjT" 1 The Best Business Connections in the U.S. These days few business trips to America are to only one destination or strictly .uLiiiiiiiin Upppr*"' "i business. With
      248 words

  • Page 17 Advertisements
    • 453 17 round you also be eligible the Lucky one the designated coloured barrel and other The player who 1 Million Hole on Nov 26th 1991 will win a fantastic Porsche 911 Yes, there's $1 Million to be won if you score a Hole- Turbo worth $600,000. The winner also gets to
      453 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4064 18  -  By Dawn Tan ACTIVE BUYING interest propelled the benehmark Straits Times Industrials Index up another 9.79 points to close at 1,424.58 yesterday for two consecutive days of gains. Yesterday's advance came on the heels of its 26.56-point climb on Tuesday when a
      4,064 words
    • Article, Illustration
      65 18  -  Chew Eng Han Comment RECOVERY since the Soviet coup crash has been impressive. A re-test of July's high of $1.90 is likely, with $1.95 as the next target. May be good levels to take profits, as daily RSI currently at 65 may then become overbought. Daily stochastics, though
      Source:  -  65 words



  • KUALA LUMPUR STOCK EXCHANGE
    • 4493 21 Bernama BUYING interest alternated with profit-taking for mueh of the day as share priees here closed higher yesterday in moderately active trading. The KLSE All-Share Kmas Index at the close added 0.78 of a point to 134.35 while the Composite Index rose 3.62 points
      Bernama  -  4,493 words
  • Page 21 Advertisements
    • 186 21 BUSINESS TIMES TELEPHONE: 730-577 1/5772/5773 FAX: 734*4982 f A This announcement appears as a matter of record only GOLDEN ASSET CO., LTD US $8,500,000 Credit Facility Secured by the Standby Letters of Credit of Siam Cfty Bank Ltd Lenders Bank Brussels Lambert, Singapore Branch Malayan Banking Berhad Limited, Singapore Branch
      186 words
    • 365 21 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I. Teong Ai M«y of Bk 287 Chui Cbu King Avenue 2,108-209, Singapore 2367, have applied for a Second Class Beer House licence in respect of premises at M/i Cheese Cafe at I Coleman Sheet, 71k Adelphi #8140, Singapore 0617, and that
      365 words

  • BT SHARE INFORMATION SERVICE
    • 430 22 Company Oat* Yaar Group Net Nat earnings Gross ana to profit/loss (L) par share dividend (000) (cents) first Capitdi Oct 18 ton 91 $8891(111.711) 55(72) 1(1) Beriaya Group Oct 16 Apr 91 M$24 670($25,377) 7(7 1) 5(10) Sea V*w Oct 16 tun 91 $5.627($5.262) 25 5(238) 8(8) BMT
      430 words
    • 536 22 Company Goto Half-year Group pro-tax Interim ann to profit/loss (L) dividend (•000) TDM Oct 21 tun 91 M$175L($l,U7l) Metropiei Oct 18 lul 91 M$16.678($13.323) Heua Corpn Oct 17 Jul 91 M$548($1.391) MMC Oct 10 lul 91 M$25.871 (S35.303 20(20) Umphone Tel Oct 9 Jun 91 M$11.018($8115) Sn Hartamas
      536 words
    • 924 22 Current Ex Books Date Total for Total lor payment date dose payable the year last year Acma 5%TE(I) Oct 21 Oct 31 No* 15 SITE 10%TE AMDS 50c 351(b) Sep 13 Sep 27 Oct 25 3 5% 25% Artah Hdfi 50c 6%(b) Nov 21 Dec 5 Oec 24
      924 words
    • 603 22 Company Rights Issue Aw Pac Laid One-tor two fe M$0 65 per share Tech Ore tor one SI 00 per share Won Issue of $90 978m nommai amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 489m detachable warrants on the basis of $2 nominal amount of
      603 words
    • 345 22 Cmnpany Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend (000) (coots) TTL Corpn Oct 9 Jun 91 MJ30 889($19.311) 13 8(7 9) 10(10 Boustead Oct 2 Jun 91 M535,810(132,503) 104(8 5) 15(15) SBS Oct 2 Jun 91 J4,315(J4,140) 101(11.5) 7(7) Ant* HWgs
      345 words
    • 181 22 Oct 22 HSBC Hofcfings pic has injected USs2oom (about SJ335m) into its wholly-owned US unit Marine Midland Banks Inc in the third quarter. Pacific Camtrs Ltd is acquiring a second-hand bulk carrier, Olympic Dignity, from Panama-based State Mercantile Company for USS 12.8 m (SJ2I 6m). Oct 21 Keppel
      181 words
    • 47 22 Company Others Ami Steel Restricted Offer for Sate of Angkasa Marketing Bhd shares on the basis of 50 Angkasa shares of MSI each at MJ2 50 per share for every 1000 Amal Steef shares hefd Ei-date May 16 Books dose May 31 Acceptance Payment NYA
      47 words
  • CHARTING SERVICE
    • 436 22  -  By Chew Eng Han Relative Strength Index: This index indicates overbought or oversold conditions as when a stock moves too much and too fast in either direction. Generally, an RSI above 80 indicates an overbought condition, while levels below 20 indicates an oversold market.
      Charts by  -  436 words

  • 2032 23 Oct 22 Vol Baht High Ixjw (DO) PE A.J. Plast 42.50 -0.50 43.50 41.00 1381 22.0 Adkinson Sec 153.00 -5.00 156.00 150.00 354 10.6 Alucon ***** 1.00 126.00 125.00 10 20.8 Am Std Sanitary 340.00 Amarin 34.25 -1.25 35.50 34.00 540 22.7 Aokam Thai 20.00 unch
    2,032 words
  • JAKARTA STOCK EXCHANGE
    • 1036 23 Reuter JAKARTA stock prices closed mixed yesterday, with the official index edging up 0.15 point to 230.98 and turnover rising to 3.04 million shares from 2.25 million on Tuesday. However, brokers said heavy selling dominated the market. Asuransi Bintang fell to 2,750 rupiah from
      Reuter  -  1,036 words
  • Page 23 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2406 24 Reuter AFP TOKYO STOCKS drifted in listless trade yesterday to close weaker but off their day lows. Brokers said investors took profits in the absence of fresh news, adding softer bond prices and a weaker yen also undermined sentiment. But easier credit hopes
      Reuter; AFP  -  2,406 words
  • STOCK EXCHANGE OF HONGKONG
    • 2499 24 Reuter HONGKONG STOCKS closed stronger yesterday on a technical turnaround after two days of heavy selling of property blue chips. "The rise wasn't sparked off by a huge amount of buying but there wasn't much selling pressure around," James Osbom, assistant director at Baring Securities,
      Reuter  -  2,499 words
  • Page 24 Advertisements

  • REGIONAL STOCK MARKETS
    • Aussie market breaks bullish trend
      • 775 25 THE AUSTRALIAN share market broke its reccnt bull run yesterday as investors took profits and others adopted caution following falls on overseas markets, brokers said. In what they termed a slight correction after six consecutive days of gains, the All Ordinaries Index slipped 8 points to 1635.5. Brokers said
        775 words
      • 575 25 SHARE PRICES ended slightly lower as foreign investors unloaded their holdings to wait for the uncertain political and economic situation in the Philippines to clear up, brokers said. "The market is reeling under selling pressure from foreign stockholders. They are selling to wait until things here start to clear
        575 words
      • 508 25 TAIWAN SHARES ended higher yesterday on a technical rebound after Tuesday's 4.8 per cent plunge, but dealers said the market would remain weak on political tensions. The weighted index closed at 4,135.64, 46.99 points or 1.2 per cent higher than Tuesday's 4,088.65 finish. Turnover was a very light NTS
        508 words
      • 303 25 NEW ZEALAND shares finally succumbed to foreign influences yesterday to ease back after sharp rises early this week and late last week. Brokers said the 20.58-point fall on the Dow Jones index was behind the local market's weaker tone. The NZSE--40 capital index ended 11.03 points lower at
        303 words
      • 105 25 WIDESPREAD buying by state-owned j investment houses helped share prices recover but the market undercurrent J was easy, brokers said. "Institutional buying put some life into trading but there was no follow-up support," broker K D Shah said. He said participants were busy squar-ing-up their positions ahead of the
        105 words
      • 752 25 SEOUL SHARES closed firmer yesterday »n energetic trading boosted by buying of financial and small and medium sized companies shares, brokers said. The composite stock index closed 4.47 points up at 714.36 on turnover of 383 billion won against 399 billion on Tuesday. Trading volume was 22.3 million shares
        752 words
      • 436 25 Close Previous Oct 23 AUSTRALIA All Ordinaries Index 1,635.5 1.643.5 -8 All Industrials Index 2.536.5 2.552.5 -16 All Resources Index 946.6 939.3 +7.3 Turnover (million) 181.43 142.23 +39.2 NEW ZEALAND NZSE-40 Capital 1.488 33 1.499 36 -11.03 Turnover (million) 20 unav MANILA Composite Index 1.013.31 1.014.99 -1.68 Turnover (million) 721.2
        436 words
  • Page 25 Advertisements

  • WORLD STOCK MARKETS
    • Dow 20 points lower in weak bond market
      • Article, Illustration
        1235 26 STOCK PRICES pulled back Tuesday for the second straight day, with a weak bond market seen as the main culprit. New York Stock Exchange volume was heavy, even with a power failure giving traders an unexpected morning coffee break. The Dow Jones Industrial Average fell 20.58 points, to
        1,235 words
      • Article, Illustration
        822 26 SHARE PRICES were higher at midday yesterday on the London Stock Exchange. At about 12.15 pm (1115 GMT) the Financial Times-Stock Exchange 100share index was up 2.7 points, at 2,562.2. The Financial Times 30-share index was up 5.4 points at 1,968.8. Volume at midday was 237.9 million shares. On
        822 words
      • 367 26 DUTCH SHARES closed firmer on Tuesday after slack trade as investors shunned the market, cautiously await- ing third quarter company results due later this month, dealers said. "The rise was on a lack of sellers and not on any strong demand," said one dealer. The market's emptiness caused exaggerated
        367 words
      • 216 26 THE FRANKFURT stock market made a moderate gain on Tuesday, as the DAX spot trend index finished at 1,580.71 points, up 8.03 points on the day, while the Commerzbank indicator tacked on 16.40 points to finish at 1,829.60 points. Among the biggest gainers was Allianz insurance, which advanced by
        216 words
      • 166 26 THE PARIS bourse was depressed again on Tuesday, particularly due to French labour conflicts and the German mark's firmness against the French franc, operators said. The CAC-40 stock price index opened the day with a 0.52 per cent drop, and ended at 1,836.79 points, down 0.50 per cent from
        166 words
      • 271 26 SWISS SHARES ended lower on Tuesday after a session which became hectic towards the end after Moody's Investors Service Inc said it may downgrade Credit Suisse's AAA senior guaranteed Eurodebt, as well as the AAA long-term deposits of Credit Suisse and a London subsidiary. Immediately after the release of
        271 words
      • 237 26 ITALIAN shares closed lower on Tuesday, with blue chips among the leading losers in a session that started off on the wrong foot with an hour-long stoppage by floor traders in support of today's half-day general strike. "The usual economic and institutional factors are weighing down on the market,
        237 words
      • 394 26 THE STOCK market retained a firm bias on Tuesday, but dealers described trading as hesitant as investors adopted a cautious stance in reaction to recent gains. Sentiment remains positive after promising sanctions news recently and a firm performance in world gold prices, but traders are wary of overreacting given
        394 words
      • 280 26 TORONTO stocks ended flat in thin dealings on Tuesday, after retreating from a brief foray into higher territory at midday, as players consolidated positions following last week's run-up, dealers said. Toronto managed to avoid dropping in sympathy with the Dow's 20-point loss. Strength in gold shares helped sustain Toronto,
        280 words
      • 202 26 Oct 22 Close Previous NEW YORK Dow Jones 3,039.80 3.060.38 -20 58 S&P500 387 83 390.02 -2.19 Turnover (million) 194.4 154.2 40.2 LONDON Financial Times 30 1,963.4 1,978.2 -14.8 FTSE 100 2,559.5 2,586.1 -26 6 Turnover (million) 466.2 386.7 +79.5 FRANKFURT DAX Index 1.580.71 1,572.68 +8.03 AMSTERDAM CBS Tendency Index
        202 words
  • Page 26 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1185 27 REPORTS THE US DOLLAR was slightly higher against the yen and the mark in technical Tokyo trade dominated by interbank dealers in late Asia yesterday. It had eased against the mark and the yen in the afternoon on speculative selling
      1,185 words
    • 385 27 Cross rates cm 23 US$ SS MS Dm Yen SFr AS NZS USS 1.6950 2.7490 1.7020 131.20 ***** 1.4870 1.2626 1.7794 SS 0.5900 1.6221 1.0041 77.4041 0.3456 0.8773 0.7449 1.0498 MS 0.3637 0.6200 0.6190 47.7178 0.2131 0.5408 0.4592 0.6472 Dm 0.5875 0.9959 1.6155 77.09 0.3442 0.8737 0.7418
      385 words
    • 535 27 Interbank rates S$ Bid Offer Overnight 3 5/8 3 3/4 1-month 4 4 1/8 2-month 4 1/16 4 3/16 3-month 4 1/8 4 1/4 Overnight mode: 4ISS JMfcr 7 day* 5 VI6 5 7/16 1 month 5 5/16 5 7/16 2 months 5 3/16 5 5/16 3 months
      535 words
    • 287 27 AFP MANILA The Asian Development Bank (ADB) will launch a trial "dragon bond" issue of up to US$3OO million (Ssso7 million) next month in Hongkong. Taipei, and Singapore to tap a promising regional capital market, a senior bank official said
      AFP  -  287 words
    • 369 27 Reuter LONDON Mexican credit, the hot story of 1991, has spread into the Euro commercial paper (ECP) market as Mexican companies discover the charm of international banks, where the capital is cheaper than at home. "Mexican firms were raising dollars via their banks, but their
      Reuter  -  369 words
    • 1079 27 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Dec 91 94.43 9*45 94.43 94.45 2824 ***** 5190 Mar 92 94.52 94.54 94.51 94.53 3798 ***** 6988 Jun 92 94.26 94.27 94.24 94.27 1688 6427 2938 Sep 92 93.92 93.93 93.89 93.92 698 2310 1804 Dec 92
      1,079 words
  • Page 27 Advertisements

  • COMMODITIES
    • 281 28 Reuter CANBERRA The Association of Tin Producing Countries said the total permissible export tonnage (PET) of members will be cut by 9.1 per cent in calendar 1992 compared with 1991. The tin association, at the end of a ministerial meeting, said
      Reuter  -  281 words
    • 397 28 Reuter SYDNEY The drought in eastern Australia is expected to slash the country's wheat production in the season to end March 1992 by 35 per cent to 9.78 million tonnes, the smallest wheat crop since the drought of 1982/83. The Australian
      Reuter  -  397 words
    • 849 28 REPORTS MALAYSIAN crude palm oil prices closed slightly higher yesterday on light covering that reflected gains on the futures market, dealers said. Trading remained thin with prices again being locked in a tight range as operators were reluctant to commit themselves due
      849 words
  • 1344 28 Rubber 0*23 MS(h»h talw) Scents/kg Noon Close Int I RSS Prompt 141.25/142.25N 141 00/142.00N Int I RSS Nov 91 142.25/143.25 142.00/143.00 Int 1 RSS Dec 14I.2VI4I.75 I4I.2V141.75 Ini 2 RSS OP 137.25/139.25N 137.25/139.25N Int 3 RSS OP 135.75/137.75N I35.7VI37.75N Int 4 RSS OP 132.25/134.25N I32.2VI34.25N Int 5 RSS OP
    1,344 words
  • Page 28 Advertisements
    • 1448 28 JUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ISA TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) The following special resolutions were deemed to be passed at the Extraordinary General Meeting of the member of ISA TRADING PTE LTD
      1,448 words
    • 15 28 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words

  • 1154 29 City FUgM ETA FHgM ETD MM* MMM GA887 1245 GA894 2255 GA975 1300 AMaMa QF081 1820 SQ228 1905 Amsterdam SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 Atfcus SQ26 2200 Auckland BA11 1225 SQ325 2115 Bahrain GF148 1000 BaKkpapaa GA525/ 1755 9j0 Sari B«||win
    1,154 words
  • THE TRAVEL PAGE
    • 645 29  -  POSTCARD FROM KANSAS By Edwin McDowell Aided by a weak dollar and bargainbasement air fares, visitors from overseas arc flocking to the US in numbers that have set records five years in a row. But what has startled travel experts is that more and more overseas
      645 words
    • 151 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3298 1.3411 Canadian dollar 1.4874 1.5099 NZ dollar 0.9310 0.9800 Sterling pound 2.8832 2.9078 US dollar 1.6940 1.8980 Local dollars to 100 units of foreign currency Austrian schilling 14.01 14.22
      151 words
    • 56 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Oct 21-26 Stockholm Stockholm. Stockhoismassan ********** Oct 23-29 International Levallois- Equip' Hotel **********0 Technical Fair Sweden Ab Exhibition for Perret. France Blenheim Oct 22-26 International Zagrebacki. Zagrebacki ********** Hotels. RestaurFair of Informa- Yugoslavia Velesajam ants Cafes tics.
      56 words
  • Page 29 Advertisements
    • 35 29 Ronald, you'll relish Finnair's Hamburg service. Finnair's 0855 arrival in Hamburg is just one of the timely arrivals at over 30 European destinations. Call *****77 for details. 9^7/VWHtR We know Europe from start to Finnish.
      35 words
    • 54 29 tcnoN* Unbeaten English League leader Manchester United takes on Atletico Madrid undefeated in the Spanish League in a second round, first-leg clash in the Cup-Winners' Cup. OTHER TOP ACTION c n 171 t 'ill IS Benfica FC Porto A uxerre Results in The New Paper today NEW, NEWS, NEWSY From
      54 words
  • Page 29 Miscellaneous
    • 228 29 found the end a wood dwelling 8 Student grant due a rude settlement? (13) I I I I I I 1 1 1 j 1 1 >res c ent s WM fll HH —LJ— 16 They are said to be key- I I I 1 I I J ■■r 17
      228 words
    • 190 29 Singapore Outlook: Hazy. Report; Maximum temperature 31.5 Assoc humidity 57% Minimum temperature 24.4 Assoc humidity 97% Hours of sunshine 2.30 Rainfall in mm Nil Rainfall this month 33.2 Rainy days this month 4 World forecast Asia-Pacific Hi/I/)* Cond. Auckland 21/13 Cloudy Bangkok 32/24 Cloudy Beijing 14/02 Cloudy Brunei unav Hongkong
      190 words
    • 13 29 GNKTIUS 11 father— I I AND SON OUT :i war* Isssaans? J &si«r
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  • 524 30 PM Goh on how to avoid ballot-box pressure HARARE The government will have to anticipate the problems of various segments of Singapore and perform a delicate balancing act to ensure it cater to all groups, so that none needs to
    524 words
  • 339 30 Reuter AFP SINGAPORE Singapore could lift its embargo on investments in Vietnam next week, when Vietnamese Prime Minister Vo Van Kiet arrives here for an official visit, diplomats speculated yesterday. The Vietnamese premier, who arrives in Jakarta today, is on
    Reuter; AFP  -  339 words
  • 382 30 AFP TOKYO Japan's Big Four securities companies, at the centre of a corruption scandal that has sapped the market's strength, yesterday reported huge profit drops in their six-monthly returns. One of them, Yamaichi, plunged into the red in the six months through
    AFP  -  382 words
  • 419 30 TAIPEI Taiwan will allow local companies to issue shares abroad starting next year as part of efforts to internationalise its capital markets, the Securities and Exchange Commission said on Wednesday. "Companies will gain a new source of funds by issuing
    419 words
  • 942 30  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a correspondent with BT TO HAVE a sense of humour at a difficult time is a great thing. So when an Indian official related a joke at a recent conference on investing in
    942 words
  • 111 30 AFP MANILA The export promotion agencies of 11 Asian nations have agreed to set up an "electronic data interchange" to spur inter-Asian trade, the head of a trade conference said here yesterday. The agencies which attended the fifth Asian Trade Promotion Forum also drafted
    AFP  -  111 words
  • Page 30 Advertisements
    • 217 30 Nikon The World's Finest Photographic System 1948 Movado "Calendomdtic" 18 KARAT GOLD COLLECTORS' EDITION: THE MOVADO® 1881 COLLECTION. In 1948, the Movado "Calendomatic™" pioneered the self-winding calendar watch. This was but one of many Movado timepieces that had, since the beginning of the century, set the design standard for the
      217 words
    • 133 30 Nikon The World's Finest Photographic System ICHECKIN AND| I START BUSINESS! I It's waiting for you: The luxury of a fully H furnished executive office with all the H H business support facilities you'd ever need secretarial services, conference room, H answering service, fax, copier, telex, word H processor... and
      133 words

  • Shipping Times
    • 385 31  -  By Magdalene Phang SINGAPORE The Port of Singapore Authority (PSA) has awarded L&M Geotechnic Pte Ltd an $11.5-million contract to install concrete piles for the Keppel Distripark project. The contract will be signed today by Cdre (Res) James Leo, PSA's executive director,
      385 words
    • 290 31 Reuter NICOSIA A Cypriot-reg-istered freighter failed to take action to avoid collision with a British trawler off southern England and then stop to assist the stricken vessel, the chief prosecutor told a Nicosia court on Tuesday. The 8,000-tonne Zulfikar was in collision
      Reuter  -  290 words
    • 345 31 Reuter VANCOUVER, British Columbia The port of Vancouver, already the second largest in the world in terms of the tonnage shipped to foreign ports, is planning a major expansion to fend off US competition for mushrooming Pacific Rim trade. The government-owned Vancouver Port Corp
      Reuter  -  345 words
    • 251 31 Reuter CAMBRIDGE, Massachusetts Crowded planes appear to be five times more likely to suffer crashes than those less than three-quarters full, according to two Massachusetts Institute of Technology (MIT) researchers. The research, by MIT Professor Arnold Barnett and Todd Curtis, a systems safety
      Reuter  -  251 words
    • 903 31 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 APC Line 13 5 Arrow Inter 9 4 ASCL 5 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 18 3 Bangladesh Shpg 8 5 The Bank Line
      903 words
    • 412 31  -  Dexter Lee By SINGAPORE All Nippon Airways is determined to launch its twice-weekly service between Singapore and Tokyo on Dec 3 even if it fails to secure an air slot-time at congested Narita Airport. The Japanese airline has made contingency plans to
      412 words
    • 217 31 AFP BRISBANE, Australia A couple who allegedly threatened to destroy an aircraft were remanded in custody when they appeared before a magistrate here charged with attempted extortion from the national airline Qantas. Anna Nociforo, 20, and Julian John Jablonski, 22, were also alleged to have
      AFP  -  217 words
    • NEWS SUMMARY
      • 41 31 GENERAL Motors Corp posted a US$l.l billion (SSI.9 billion) third-quarter loss on Tuesday and Ford Motor Co recorded a US$574-million loss as the recession-ravaged US car industry skidded towards its worst year in history Page 2
        41 words
      • 48 31 THE Commerce Department warned on Tuesday that American telephone companies were investing less to modernise their networks than their leading competitors in the industrial world. But its main recommendation was for the government to stay out of the business Back Page
        48 words
      • 37 31 THE Pentagon on Tuesday expressed little interest in suggestions from a Soviet marketing firm that it buy Soviet-built MiG-295. an aircraft comparable to current front-line US jet fighters Back Page
        37 words
      • 42 31 SAUDI Arabia has earmarked nearly half a billion dollars to rid its shores of crude oil that flooded the Gulf during the war over Kuwait, a senior Saudi environmental official said on Tuesday Back Page
        42 words
    • LOG BOOK
      • 88 32 LONDON MacGregor-Navire (USA) has won a contract commissioned by Weeks Marine Inc to design and supply three transfer bridges for use during the construction of a ferry maintenance facility at Staten Island. New York. The bridges will be used by service vehicles moving to
        88 words
      • 41 32 PARIS British Aerospace's Ansett Hying College in Sydney has ordered 24 Tobago training aircraft from Socata. Socata, Aerospatiale's general aviation subsidiary, will start delivery in December. The college also took options for another six Tobago trainers.
        41 words
      • 93 32 AMSTERDAM The supervisory board of Dutch shipping firm Koninklijke Nedlloyd will meet on Nov 28 and a committee representing the firm's shareholders said two new board members would be chosen. The committee said it would recommend Norwegian investor and 27 per cent stakeholder
        93 words
      • 60 32 TAIPEI Representatives of Kuwait Petroleum Corp are negotiating with Taiwan's state-owned Chinese Petroleum Corp (CPC) to resume oil exports halted by Iraq's invasion in August 1990. A senior CPC official said it was the first visit by Kuwaiti oil company officials to Taiwan since the
        60 words
      • 49 32 CHICAGO Active shipment of grain to east coast ports Ind to the lower Gulf coast has created a shortage of rail cars for grain shipments, grain dealers said. Low-water on the Mississippi River and restrictions on barge tow sizes has enhanced demand for rail cars.
        49 words
      • 94 32 BRAZZAVILLE Congo police are holding a sea captain wanted by Interpol for ditching five African passengers in the ocean off the West African coast, state radio reported here on Tuesday, It said Soviet merchant captain Nicholas Levin Andreivitch, skipper of a Cypriot-registered vessel, had put
        94 words
      • 33 32 MORRIS TOWNSHIP, New Jersey Allied-Signal Inc said it has been selected by the Boeing Co's Commercial Airplane Group to supply wheels and brakes for Boeing's new 777 Commercial jet transport.
        33 words
    • 1031 32 THE FREIGHT market on Tuesday was steady but lacked interest with only a few overnight fixing reports at around last done levels, brokers said. Among the reported deals, Sovfracht took a 60,000 long ton heavy grain cargo from the US Gulf to the Soviet Black Sea at U5524.50.
      1,031 words
    • 1077 32  -  Recession has dealt a hard blow to the US car industry, with the two biggest auto companies announcing big losses in the third quarter, reports Doron Levin Doron Levin NYT General Motors Corp posted a US$l.l billion (SSI.9 billion) third-quarter loss on Tuesday and Ford
      NYT  -  1,077 words
    • 887 32 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 arc based on average-sized stem. Market movements arc indicated. The Cockett Bunker Price Index change and
      887 words
    • 8129 40 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
      8,129 words
    • 3307 45 Containerline NV: Belsin Shpg Agencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Uner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,307 words
    • 249 45 Abacus Couriers Tel: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. Airswift Worldwide Conner 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
      249 words
    • 1550 45 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454 Fax: *****06. Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,550 words
    • 2992 46 ARGENTINA No report received. AUSTRALIA Queensland-Abbot Point: Coal: berth vacant. 4 vessels due by Oct 29, no delays expected. Hay Point: Coal: I vessel loading. I waiting; 8 vessels due by Oct 27. Dalrymple Bay: Coal: I vessel loading. I waiting; 12 vessels due by Oct 28; delays
      2,992 words
    • 560 46 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To W" TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK t SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I
      560 words
    • 1370 46 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Samitral: 75,200 dwt and built Sept 1977 Cockerill, best offers invited. Marine Express: 35,089 dwt and built Aug 1981 Tohoku and Hansa Partner 28,030 dwt and built Oct 1974 Hayashikane, best offers invited. Anna: 26,702 dwt and built 1975 Austin Pick,
      1,370 words
    • 505 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Pep Name of Vessel ETA FTP Porta of Calb Part Ay* OCT 24 24 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 26 26 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 27 27 Ocean Peart 0700 1300 P Sepa-Sin-Penang Borneo Shipping 28 29 Orient Sun
      505 words
    • SHIPS IN PORT
      • 572 47 Voy No B«rth Amy a) Departm j irud Voy No Birth Arrive Otpartin Marina Terminal 1 I Jurong Port Batamindo 1 1US M01 alongside 23 10/1700 Kota ,ndah 110 alongside 24 10/1700 Btm Bahagia *****1 M04 alongside 23 10/2300 Kuala ik B/B H1/91/06 J2 alongside 24 10/2350
        572 words
      • 246 47 I ft tin Qa_l jonof c ron B«rth: 1: Sri Nam Hua 111, Luconia; 2: Pinya; 3: Dade; 4: Turid; 5: Sincere No 5; 6: nil. 01 jetty: Stolt Spirit, Ajon. DCi: Soon Hin, Jati. Due on Oct 23: Mosgulf. Jaru Bhum, Barge Josindo Satu, Bunga Gelang.
        246 words
      • 910 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Shf> Voy No Etb/Btr Period From To From ACX Lily 16B 25/1600 2 23/1700 24/0659 24/0900 4 24/1200 24/1459 24/1700 7*. ACX Lotus 18A 24/2200 1 23/1500 23/1659 23/1900 2 23/1700 24/0659 24/0900 3 24/0700 24/1159 24/1400
        910 words
    • 471 48 NYT WASHINGTON The Commerce Department warned on Tuesday that American telephone companies were investing less to modernise their networks than their leading competitors in the industrial world. But its main recommendation was for the government to stay out of the business.
      NYT  -  471 words
    • 258 48 UPI WASHINGTON The Pentagon on Tuesday expressed little interest in suggestions from a Soviet marketing firm that it buy Soviet-built MiG-295, an aircraft comparable to current front-line US jet fighters. The United States already has access to the most recent versions of the
      UPI  -  258 words
    • 137 48 Reuter DUBAI Saudi Arabia has earmarked nearly half a billion dollars to rid its shores of crude oil that flooded the Gulf during the war over Kuwait, a senior Saudi environmental official said on Tuesday. "We have budgeted US$45O million (Ss76l million) to
      Reuter  -  137 words
  • Page 31 Advertisements
    • 23 31 Lines and services represented by Members of the Registry of Accredited iffffSfftV Singapore National Shipl or advertising enquiries, contact Shinninv Times lei 740-20R9/740-2090.
      23 words
    • 137 31 w ianogo BT shows you how evory Monday. j I Wm 1 *"v 3? ISiIS #118 SiSPflf ll 1 P m ¥■■/>»/■■■ I, -:-v >-. f V; >' -''l *v >-- I i 'M I V"' .v- I I rv: ■■>';"•_ L't& <■ Crl&»' i/i rM mßmrgaMWgg V 1 L,
      137 words
    • 54 31 Air Forwarders 15 Air Frwght Schedule 16 Cockett Report 2 Container Schedule 17 Courier Services 15 Crmse Ferry Schedules 16 Daily 2 Indei to Advertisers 1 Port Condrtions 16 Shipping Agents 15 Shipping Gmde 10,11 Sfopsales Tanker Rates 16 Ships m Port 17 Singapore Tides 17 Transport Diary 3 Weather
      54 words

  • Page 32 Advertisements
    • 130 32 EMPRESA LINE AS MARITIMAS ARGENTINAS S.A. (ELMA) is placing for sale the following vessels as part of it's fleet replacement programme. THREE (3) SD-14 Type Vessels: TUCUMAN (1978 SCOTLAND) ALMIRANTE STORNI (1978 ARGENTINA) NEUQUENII (1979 ARGENTINA) Characteristics: DWT: ***** TS H/H: 5/5 LOA: 141MTR DERRICKS:4/22TS 2/STS BEAM: 20.4 MTR ENGINE:
      130 words

  • Page 33 Advertisements
    • 2527 33 OOCL (S) PTE LTD-JARDINE SHIPPING AGENCIES TEL: *****11 FAX *****09 Miff/ BOOKINGS TEL *****34 *****58 llfrna W TERMINAUCFS TEL *****18-220 Duuflfl '1 PESAKA JAROINE SHIPPING AGENCIES SON. BHD A PORT KELANG TEL: *****18 FAX *****91 *****88 11 PENANG TEL: *****4 FAX *****1 CFS TEL *****6 Dedicated to Quality Service ipohtel
      2,527 words
    • 2021 33 TRANS^TmARY— No% 8 (9am to 2pm): Inmarsat Mobile Satellite Communications Seminar, jointly organised by Singapore Telecom, Singapore Polytechnic and Inmarsat at the Singapore PolytechnicAuditorium. For registration, please contact Vincent Khng. Singapore Telecom at tel: 730-2660. Nov 7-8: Seminar on the Shipper's and Carrier's Approach to Marine Insurance and Claims, organised
      2,021 words
    • 1550 33 BJIMH TWO SAILINGS TO USA AXEL MAERSK V.911G ETA 28/10/91 MADISON MAERSK V.9104 ETA 29/10/91 Vessel Voy I ETA I ETO I Feeder by DESTINATIONS World Lynx/ Merkur Delta I This week Madison Maersk 9104 jn^Q**2QBRi^Z3^E3IES3HBE3E3!^I^9EC3^BEMIH CY 29/io 0600 hrs Port BIHMIPMMiHHIHiMIHBIBI CFS 28/10 2359 HRS Kelang Penang OAK IQB
      1,550 words

  • Page 34 Advertisements
    • 1044 34 Irottedam/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE r HAMBURG EXPRESS 05/142 24/10 16/11 12/11 11/11 TOKIO EXPRESS 02/342 27/10 13/11 15/11 18/11 19/11 KATSURAGI 08/143 31/10 23/11 19/11 18/11 THAMES 08/343 3/11 20/11 22/11 25/11 26/11 L^WWeMNOP LA SEINE 21/144 7/11 30/11 26/11 25/11 KBWwSPtWWBC«I» HANNOVER EXPRESS
      1,044 words
    • 695 34 SEASPAC SERVICE DIRECT SOOTH PACIFIC SERVICE SIN NOU SUV PPT L J BONTANG 2805E8 29/10 13/11 15/11 21/11 ALSO ACCEPTING CARGO VIA SUVA 10 lAUTOKA. PAGO PAGO. APIA I NUKUALOAFA DIRECT CHILE/ SOUTH AMERICAN SERVICE SIN IQQ ANF VAP CLX L J BONTANG 2605E8 29/10 3/12 4/12 11/12 12/12 ALSO
      695 words
    • 1612 34 I mmßMia ajant. REGULAR INOEPENOENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSI VOY SM ALG BCL HAM BfiE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NORTH SEA 133 V* 28/10 18/11 19/11 23/11 25/11 24/11 25/11 26/11 27/11 NORASIA SUN 9134-3 03/11 25/11 27/11 29/11 30/11 31/11
      1,612 words

  • Page 35 Advertisements
    • 1974 35 > sgSteamere Maritime Holdings Ltd Ifr y PffrO MOW STRAITS SHIPPING HRffL ET f 3 «wm Br«Mi, last Malaysia. W»" Containers mjf-—■"«— Voy No Kit H'Nong Ifpkl S pore Alf Sou Ant Hot Hb| LUS MAOISM 9112 19 10 21/10 20/10 24/10 07/11 10/11 11/11 13/11 ACCEPTS OUt SAILS CAJtOtGAN
      1,974 words
    • 2329 35 TO: U.S.A./PANAMA FM: U.S.A./PANAMA wssa voy oak ice cm fob sa» mx wtc vtsstiwr nyc woo m» cm tea oak DSD ROSTOCK (FIU 10 19/11 70/11 »/11 3/12 4/12 6/12 7/12 CMO VANG FRONT** NAllt 11/9 IJ/9 15/9 20/9 29/9 JO/9 29/10 GfRMAN SfNATO* FFI43 2/11 2t/U 27/11 C/ 12
      2,329 words
    • 352 35 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR SENBOKU/ NACOYA ASEAN TRADER Vl4 ETA SPORE 27/10/91 LOADING FOR SENBOKU/ NAGOYA/TOKYO BAAB ULLAH V 8 ETA SPORE 28/10/91 LOADING FOR OSAKA/TOKYO COSMIC LEADER V 5 ETA SPORE 2/11/91 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK PL DBN CT GtOBAI SEAHORSE
      352 words

  • Page 36 Advertisements
    • 590 36 HIH CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE vsi VOV S PORE ROAM ADAM H BURG BDEMtN ANTWERP SRIVMJAVA 33N6 4/12 6/1 12/1 IS/1 21/1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|ect to Indue*inant Also accepting cargo to Casablanca. Port Said. Port Aloiandrla. Ganoa. Trlasta ALSO ACCEPTING BOTH CONTAINERS.
      590 words
    • 1254 36 I HANJIN SHIPPING i nil hniiii m i i'i mi m 111 n 111 ii i mmssm «r FDR VSL rsn LINE HAUL LGB OAK FW VS. VK LME HAUL SAV lIM NYC HANAN HONGKONG 031E 30/10 DBIECT 18/11 21/11 HAW* KUNSAN 0671 21/10 H. NEWYORK Q37E 5/12 1/12 1/12
      1,254 words
    • 1292 36 d-1 eTT"3"EP"Bk Im SCP W6 RK U( W MIT 091 NET sw no LU OS Ml NTC LW WN KM nv tK no CM m scr I t U/!S i'/n .fiJJ ,SH J 7 1 /U </U 4/12 812 17/12 11/12 19/12 20/12 22/12 1/1 11/1 15/1 IC/1 I f
      1,292 words

  • Page 37 Advertisements
    • 1780 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS NEPTUNELINK TEL *****00 :™9 DOCUMENTATION DEPT: *****44/*****14 *»S> I SSSERVICE! *****18 CFS K27-EXPORT *****5M2M504 'jMy I FAR EAST SERVICE *****48 CFS K27 IMPORT .*****69^*****50 K L-103) Kelang-(03) *****87. Penang-(04) *****0. J.Bahru-(07) *****3, *****4 Zr PTINTITRIDENTNUSANTRAINDONESIA MJlcinol£ Jakarta (21)*****12, Surabaya
      1,780 words
    • 1100 37 m 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: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUHD—OBCHMWaNG WESTBOUrD-LQADWG TRANSHFPED VIA ROTTERDAM"! main ww »> mc nor m mo [bmv |ti |«tm
      1,100 words

  • Page 38 Advertisements
    • 1642 38 K** ft ICR No: **********0 M) W v AS AGENTS KAWASAKI SINGAPORE (PTE) LTD W IVT TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 ■m. ■V M MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD TEL: SA *****00 PK *****01/5 PENANG *****0 J8 *****1. KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T SARANA LAUT
      1,642 words
    • 805 38 \?B PHIII-ORI€NT UN€S PT€ LTD Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Tele*: RS ***** PHIU FAX: *****76/*****3t BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATIOH ""yj 30 OCT DUBAI, DAMMAN SHARJAH. DOHA. 29 OCT MONTREAL. OTTAWA. TORONTO,
      805 words
    • 408 38 f golden LINE ?V !>£>% GUAN GUAN SHIPPING VS/<\ (PTE) LTD 23. Telok A»er Street SINGAPORE 0104 TEL *****01 (10 LINES) Fa*: *****04 (CR No **********0W) ■T«AIT»/PEK»IAM CULT MJOTICE S'pofe P Kelang Penang GOLDEN NONOEt CMoirbo Karachi Outu 1/11 R* GOtWN MKOI Colombo (Uracil. Dub*. ItD *r> china mna VSI
      408 words

  • Page 39 Advertisements
    • 1250 39 PACIFIC INTERNATIONAL LINES (PTE) LTD —i li~ i~ gg gg iHfll P,L Building, 140 Cecil Street #03-00, Singapore 0106. I JAKARTA 1 I BANGKOK 1 VESSEL VOY BIN JKT SIN VESBEL VOV SIN BKK SIN EQUATOR MAS 20N 24/10 28/10 31/10 KOTA SURIA 9100 28/10 27/10 1/11 BUNOA TERATAI 433
      1,250 words
    • 1033 39 f BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Benalder f 376 25/10 16/11 15/11 Bunga Pcrmai' 388 30/10 15/11
      1,033 words
    • 550 39 tegk MYANMA U* FIVE STAR LINE t (Myanmar National Lino) Loading for Yangon (Rangoon) Spore P.KI( Pen P.Gdf PWYA VII7N SU SID In Pi HP* AN VI UN 22/25 Oct PAGAN VI76W 29/31 Oct THE BANK LINE (A Mfvic* ol Andrew W«4r Shipping) VT SEMI-CONTAINER SERVICE \l HEAVY LIFT CAPABILITY
      550 words


  • Page 41 Advertisements
    • 575 41 ■Hin fTrrnmmwTWM ScanPutch<y 4 TO EUROPE (NORTH CONTINENT-UK-SCANDINAVIA) WEEKLY FEEDER VESSEL PKLANO PENANO OCEAN VESSEL SIM LE HAVRE) 1) R OAM(2) BHAMPTON<3) WUWO(4) OBUWO tmii/i Bhum 22/10 20/10 17/10 19/10 B«naMof/376 26/10 15/11 7 ««T«« B Serofj/M Bhum 22/10 25/10 17/10 24/10 B Fofmai/388 29/10 14/11 15/11 17/11 1»/U B
      575 words
    • 506 41 a WEEKL Y, FIXED DAY, DIRECT CALL Nedlloyd FROM LA SPEZIA. FOS,BARCELONA Nedlloyd Lines dariietta, jeddah to Singapore ii" »>, -pa, jjU S*b«i Auckland WA)' finuni ljtWWn(6) laVf® 1 issssm, 'z -;ijs 33T, f: 3 |;i »;i! km I EAST COUST AUSHKLK 1 ttSI COAST MISIMUt __J VESSEL Sin Jkt
      506 words

  • Page 42 Advertisements
    • 734 42 TO AUSTRALIA/NEW ZEALAND "Si I Finn |a»*i S«d H.Klt [Nft If CHAIM AKTWMPIN 279 25/10 31/10 Ml 10 II 1«/11 W/ll 19/11 MAIIWA I 211 14/11 21/11 2f/U 1/12 1/12 J/12 10/12 fllfN HUOtG 2*2 1/12 S/17 14 12 11/12 2T/T2 27/12 WUSSfI ?«3 17/12 2«/12 31 12 «/l T77l
      734 words
    • 951 42 EXPORTS TO HONGKONG. TAIWAN. MANILA JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE |outbound" yot~ pkl pen mi sa mn. hug mo kee tyq sw ngq kob vessel voy Is* Ipkl pcn blw sin AC» HY 188 "23 10 22 10 25 10 29 10 31 10 511 611 711 ACX RUBY
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    • 1578 42 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE HAUYSU S agents SINGAPORE'S GENERAL AGENTS roonesia s agwts CHUNG CHIAO SHIPPING SON BHO COSTAR SHIPPING PTE LTD Ji®:? BA L P X!5iKl TEL *****91/87 FAX: *****92. ***** TEL: *****00/*****33 INDONESIA MARITIME f. KLANG Til *****0C/S TLX MA ***** yaEX RS *****/1
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  • Page 43 Advertisements
    • 559 43 BUSAN "HANJIN HONG KONG" V.031E ETA 28/10/91 LOADING COMMENCE: 24/10 26/10 NOON KEELUNG "ACX LOTUS" V.IBB ETA 29/10/91 LOADING COMMENCE: 24/10 28/10 NOON FAST DIRECT REGULAR SERVICE TO INDONESIA PORTS PK. BALAM/PANJANG/PALEMBANG/MUNTOK VSL ETA ETO LOAOING FOR DELI INOAH 24 1091 25 10 91 PK BALAM LAMPUNG JAYA 26 1091
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    • 490 43 TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA lOAD4NG FOR SPORE ANOINET ?SWB 30/11 OARESSALAAM MOMBASA. DJIBOUTI ASSAB MASSAWA ABVOT 27W8 20/12 OARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA HUNG LINE FULLY CONTAINERISED FORTNIGHTLY
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    • 329 43 SaassaJ neff-LTE VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SM MAA SIN TIGER STAR 176N 24-25/10 31-02/11 08-09/11 TIGER BAY 177N 26-27/10 02-04/11 10-IS/11 (Dry dock) TIGER CLIFF 06CS 29-30/10 05-07/11 13-14/11 VSL VOY SMGAPORE/CALCUTT A/SMGAPORE VESSEL VOY SIN CAL SIN TIGER RIVER 138CNB 28-29/10 05-09/11 15-16/11 EAGLE BREEZE 081
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  • Page 44 Advertisements
    • 1238 44 S'PORE SSESS? IPENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 j UK/SC AN/MED PORTS j COLOMBO/S. AFRICA s|n i ?4/in ,S /in /C 1 Cokwnbo 24/10 25/10 26/10 77/10 ?»/in ?q/in r?h m
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    • 366 44 teste BLUE star line TO FROM jK/ NEW ZEALAND AND T/S TO FIJI I TO AND FROM NEW ZEALAND PORTS I SJN NPI Ml l*T SIN I MAHSURI 0506 28/10 6/11 VIA NPI 8/11 2S/U I PHOSKCT 15S 9/11 19/11 VIA NPI 21/11 «/12 I MANOAMA 0508 19/11 30/U VIA
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    • 1241 44 I 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 CONVENTIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WE ™MALAYSIA VESSEL IftT leTI IIEST VESSEL I »QT SPORE
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  • Page 47 Advertisements
    • 129 47 fJHH\ < jJ^^^V ft JH HIH J v :y^P',. ■^^KS^F 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 T through Business
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  • Page 47 Miscellaneous
    • 294 47 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 MOO 0500 0(00 0700 0100 0900 ***************0 1400 *****(00 **********00 20« 2100 22* 23* ™11!!!f!?2!**********31 30 21 21 14 08 03 o« 07 13 2.1 2.6 r 2 11 08 08 10 14 22 29 31 30
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  • Page 48 Advertisements
    • 844 48 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC WORTH-WEST FEEDER VOY H3) PWE I SIN ll* HAW. VOY KAO LBH OAK gA UK HAUL VOY KM) TCM/StA fTI MUG CHUN N132 21/10 22/10 24/10 H PIONEER 44E 1/11 11/11 21/11
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    • 177 48 gg PT. CELEBES LINES "BONTANG PACIFIC" accepts FCL LCL to every Thursday r jTj General Agents: Common Freight Carriers pte ltd. 7 KEPPEL *o*o #01-26 TANXNG PAGAN COMPLEX SINGAPORE 0201 TEL: *****55 TELEX: RS ***** FAX: *****92. *****69 Portiwt Cod# CM CR **********0 M TWICE WEEKLY SAILINGS PASIR GUOANG/SINGAPORE VESSEL
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    • 787 48 CHARTPOINT Every Saturday in Business Times 1 VISA FREIGHT SERVICES PTE LTD/^I MM (INTERNATIONAL FREIGHT FORWARDERS) W J ■■F 10 ANSON HQAD (ZM» IXTtPNAHOMO. PIAZA, WNGAPO«£ 0207 TEL 22SS9M (U LINES) TEl£* RS ***** V*A FACSIMILE 22«32W We Sail The World For You REGULAR CROUPACE LCL CONSOLIDATION SERVICES IMPORT EXPORT
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