The Business Times, 4 August 1993

Microfilm: NL18959
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Wednesday August 4 1993 75«
    13 words
  • 2am LATEST
    • Article
      Lock icon Strong US growth seen in second half
      75 1 Reuter NEW YORK The United States Public Securities Association's economic advisory committee said yesterday that it forecast an acceleration of economic growth during the second half of 1993. PSA predicted a real gross domestic product growth (GDP) of 2.6 per cent for the
      Reuter  -  75 words
    • Article
      Lock icon Intel, Unisys to build supercomputer
      64 1 Reuter SANTA CLARA, California Intel Corp and Unisys Corp said yesterday that they have teamed up to build a new line of supercomputers based on Intel's newest, most powerful microprocessor, the Pentium chip. The two companies said they will build powerful computers using parallel processing
      Reuter  -  64 words
  • Article, Illustration
    MARKET SUMMARY
    109 1 Stock market indices Tuesday Outage STII 1,844.58 31.34 KLSE Composite 771.67 +8.21 Nikkei 20,357.64 +14.11 Hang Seng 7.211.83 +182.80 SET Index closed Jakana Composite ...358.13 +1.29 CLSA China B 832.06 -1.13 Aust All Ord 1,855.4 +0.6 FTSE 100 2,945.0 +3.3 Tsesday Ptuhmm Ipm dose Dow Jones 3,560.43 3,560.99
    109 words
  • Article
    Lock icon Hang Seng Index jumps 183 points
    173 1 AFP HONGKONG Hongkong stocks surged 2.6 per cent to its largest single-day gain in four months yesterday as overseas funds poured into the market in the wake of European currency turmoil. The key Hang Seng Index gained 182.80 points to close the day's trading
    AFP  -  173 words
  • Article
    S'pore bankers start their own financial boutiques
    658 1  -  By Magdalene Ng, Paul Leo SINGAPORE The rising global demand for specialised forex services has lured many Singapore bankers and forex brokers to start their own financial boutiques. Industry observers say more of these customised currency advisory services will spring up as more
    658 words
  • Article
    S'pore stocks surge I1.7pc on strong buying
    211 1 SINGAPORE Strong institutional buying and the anticipation of healthy second quarter economic numbers drove the stock market yesterday. The benchmark Straits Times Industrials Index rose 1.73 per cent or 31.34 points to close at 1.844.58. The broad-based BT-MGA Index rose 13.56 points to
    211 words
  • Article
    Singapore's growth expected to top 7pc in first half
    459 1  -  By Anna Teo SINGAPORE Strong trade and financial performance in the second quarter should push Singapore's economic growth in the first half of the year to beyond 7 per cent, economists said yesterday. Most analysts and economists polled at the end
    459 words
  • Article
    Germany, Austria, Spain slash rates
    393 1  -  From Neil Behrmann in LONDON EUROPEAN interest rates tumbled like dominoes yesterday in response to its new free floating currcney market. The Bundesbank, the German central bank, cut its 14day repo rate, or inter-bank rate to 6.80% from 6.95%. The fall in the repo rate,
    393 words
  • Article
    HK seen opening satellite TV to regional broadcasters
    599 1  -  From Catherine Ong in HONGKONG THE Hongkong government is expected to lift restrictions on foreign ownership of a satellite TV licence in a bid to attract regional broadcasters to the territory, informed sources said. The impending move will help lure a growing
    599 words
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      181 1 nHPBBfIRYiPrRHMfHI JSL CONTENTS Spore News 2 S'pore-Wsa _..9,10 Regional News 14.5 financial 12.13 World News 7.8 Features Markets Analysis 25 CW>/KLS£. S£S 17,18 t Atonal 24 Regional 15 Regional Analysis 2Z23 Wodd 15 Sports 19 Currencies 13 TV/LrtesJyte 21 Sanei/Conwio 14 Subscription Tri 1800-*****?/ fax *****/5 BT Editorial Tel *****18
      181 words
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      32 1 Regional analysis: Pg 22 The new face of Myanmar? MORE REPORTS, Pg 12 Riding a boom in the region; Carving a niche in Indonesia; Four ex-bankers who strike out on their own
      32 words
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      22 1 Regional analysis: Pg 23 Myanmar opens its doors More ERM reports, Pgs 7, 13 9 Bottom Line, Back Page Analysis. Pg 25
      22 words
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      320 1 Hock Lock Siewpg Mulpha enhanc^^anpeal&\ 11 (i There is no Asian newspaper I rifjg 1 for Asians, only Western I I newspapers published in the j name of Asian countries. 4 jpr 4 J Malaysian Prime Minister Mahathir Mohamad, lamenting the sale of Hong Kong-based Star TV to Australian-bom media
      320 words
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      10 1 MADE SCHUHE BOUTIQUE #02-28 RAFFLES CITY SHOPPING CTR TEL: 33W228
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • Article, Illustration
        Lock icon Food, beverage spending up 3.3pc
        298 2  -  By Sylvia Wong SPENDING on food and beverages in restaurants and pubs rose 3.3 per cent to $595 million in the first five months this year. Department of Statistics figures show. F&B spending hit $126 million in May, the highest monthly level so far this
        Source: Dept of Statistics  -  298 words
    • Article
      PUB to sell 100mw of electricity to Malaysia daily
      159 2 SINGAPORE will sell 100 megawatts of electricity daily to Malaysia for the next six months, under a deal sealed yesterday between the Public Utilities Board and Tenaga Nasional. PUB was represented at the signing by chief executive Lee Yong Siang, while
      159 words
    • Article
      Proportion of self-employed in S'pore higher than in US, UK
      580 2  -  By Anna Teo THE PROPORTION of Singaporeans who are their own bosses dipped to 12.3 per cent in 1991 after remaining at a fairly stable range of 13-14 per cent through the 1980s. Still, contrary to public opinion, Singapore's share
      580 words
    • Article, Illustration
      Mitsui-Hong Leong joint venture to launch condo project
      240 2 THE joint-venture property firm owned by Japan's Mitsui Real Estate and the Hong Leong group will launch its Astor Green condominium project at Ulu Pandan tomorrow. The 170 units would be sold for between $467 and $650 per sq ft, the managing
      240 words
    • Article
      Economist to print govt's reply, but cap on sales remains
      419 2  -  By Chuang Peck Ming THE ECONOMIST will print the government's reply to J B Jeyaretnam's letter carried in an earlier issue, after being slapped with a circulation limit on Monday. The British weekly's editor Bill Emmott said in a letter
      419 words
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      381 2 A, ARE Hi GOING BALD? Do This Quick Test Do you have a recurring scalp itch? An itch Do you detect a slight hut definite thinning, that seems to go away only to come back or a receding hairline? You notice short again a few days later. curly hairs where
      381 words
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      Page 2 Advertisements Column 2
      451 2 LAW PAGE Every Thursday in Business Times I £Tf FAR EAST LEVINGSTCXN 1 lull SHIPBUILDING LTD I PELS (Incorporated in the Republic of Singapore) I I The Directors of Far East Levingston Shipbuilding Limited advise the following I I unaudited results of the Company and the Group for the six
      451 words
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  • THE REGION
    • Article
      Lock icon Foreign investment in Jakarta on the decline, says minister
      389 3 AP, Reuter JAKARTA Foreign investment approvals dropped to US$4.B billion (Ss7.B billion) in the first seven months of this year, down 30.4 per cent from January-July last year. Minister for Investment Sanyoto Sastrowardoyo said here yesterday. Mr Sastrowardoyo attributed the decline
      AP,; Reuter  -  389 words
    • Article, Illustration
      Lock icon Mahathir's visit to Brunei
      40 3 Reuter Dr Mahathir waving to residents during a visit to a water village yesterday. More than 30,000 of the oil-rich sultanate's 242,000 population live in these villages, built on the banks of the Brunei river. Reuter
      Reuter  -  40 words
    • Article
      Lock icon Mahathir slams Western press for inciting instability in Asia
      497 3 Reuter, AFP BANDAR SERI BEGAWAN, Brunei Malaysia's Prime Minister Mahathir Mohamad, lamenting the sale of Hong-kong-based Star TV to an Aus-tralian-born media magnate, lambasted the Western media for creating friction and instability in Asia. "There is no Asian newspaper for Asians,
      Reuter,; AFP  -  497 words
    • Article
      Lock icon KL, Brunei to solve border rows through talks
      210 3 AFP BANDAR SERI BEGAWAN Malaysia and Brunei have agreed to resolve through negotiations all border disputes including the one over the Spratly island chain, top Malaysian officials said yesterday. Prime Minister Mahathir Mohamad said he and Brunei Sultan Hassanal Bolkiah agreed during
      AFP  -  210 words
    • Article
      Lock icon DAP: Motion on Ghafar not interference in Umno affairs
      256 3 Bernama KUALA LUMPUR The DAP move to introduce an emergency motion at the parliament sitting today on the position of Ghafar Baba as Deputy Prime Minister should not be construed as interfering in Umno affairs. DAP secretary-general Lim Kit Siang said
      Bernama  -  256 words
    • Article
      Lock icon Ramos denies split in party
      110 3 AP MANILA President Fidel Ramos has squclchcd speculation that the administration party is on the verge of splitting, saying internal squabbles were "normal differences of opinion" among members. Mr Ramos made the statement on Monday following reports that the Lakas (Strength) coalition, which supports his
      AP  -  110 words
    • Article
      Lock icon US unhappy with Jakarta ban on independent trade union
      247 3 Reuter JAKARTA The US, which has threatened to withdraw Indonesia's trading privileges unless it improves its labour record, said yesterday it was disappointed about the banning of an independent trade union congress. A prepared text given in response to journalists' queries
      Reuter  -  247 words
    • Article
      Six out of 7 Viet state firms drop plan to issue shares
      443 3  -  Good response for remaining firm's share offer From Harish Mehta in HANOI THE FIRST share issue by Vietnamese state-owned firms has drawn mixed results. Six out of seven firms planning to sell their shares have dropped out, but
      443 words
    • Article
      Lock icon Ramos approves 16pc increase in budget based on 6.7pc growth
      269 3 Reuter MANILA Philippine President Fidel Ramos and his cabinet approved a national budget of 362 billion pesos (Ss2l billion) for calendar 1994, about 16 per ccnt higher than 1993. The budget proposal is expected to be submitted to Congress for
      Reuter  -  269 words
    • ASIA NOTES
      • Article
        Lock icon US, Japan disagree on chip shares
        92 4 AFP TOKYO Japanese and American officials yesterday failed to agree on the foreign share of Japan's semiconductor market for 1993, officials said. The officials said the Americans urged Tokyo to continue to maintain the foreign share of the market above 20 per cent in
        AFP  -  92 words
      • Article
        Lock icon China moves to check inflation
        69 4 UPI BEIJING Widening its economic control offensive, China will conduct a nationwide price audit to stem high inflation, official media reported yesterday. State Planning Commission Minister Chen Jinhua said on Monday that the government will launch a nationwide price audit this month to check state-controlled
        UPI  -  69 words
      • Article, Illustration
        Lock icon Theme park, Laotian style
        56 4 AFP THA DEUA, Laos A worker trimming the grass next to Phra Rahou, one of the many bizarre statues in the Laotian Spirit City Temple south of the capital Vientiane on Saturday. The park was built in 1958 and draws small crowds of 50 to 60
        AFP  -  56 words
      • Article
        Lock icon Vietnam to reform legal system
        74 4 UPI SINGAPORE Vietnam intends to set up a commercial court and train more lawyers in order to create a secure environment for foreign investment, the Vietnamese Justice Minister Nguyen Dinh Loc said here yesterday. The legal system is in the process of substantial reform with
        UPI  -  74 words
      • Article
        Lock icon Profits at smaller Japan firms fall
        78 4 Reuter TOKYO Sales and profits at many small and medium-sized Japanese companies continued to drop in July, according to a survey by the government-owned Japan Financc Corp for Small Business. "The continued decline in sales was mainly bccausc of weak private construction and car
        Reuter  -  78 words
      • Article
        Lock icon Loan for China power complex
        77 4 AFP MANILA The Asian Development Bank (ADB) said yesterday it has approved a US$2OO million (SS32O million) loan to China to help finance the world's largest pumped power storage complex, which will service Guangdong province and Hongkong. The 2,400-megawatt plant, costing almost US$l billion, will
        AFP  -  77 words
    • Article
      Lock icon China shakes up top ranks of central bank again
      430 4 Reuter BEIJING China announced a further shake-up of the top leadership of the central bank yesterday, just a month after firing its governor and replacing him with the Communist Party's top economic troubleshooter. A spokeswoman for the People's Bank of China
      Reuter  -  430 words
    • Article
      Lock icon Nuclear inspectors on their way to N Korea
      226 4 Reuter SEOUL A team of inspectors from the International Atomic Energy Agency is on its way to North Korea for a week-long review of its nuclear facilities, a spokesman for the lAEA said yesterday. The lAEA had been negotiating with North Korea
      Reuter  -  226 words
    • Article, Illustration
      Lock icon Getting a leg up
      46 4 Reuter BEIJING Supple as a willow in contrast to the sturdy tree trunk, this Chinese man going through his early morning exercise yesterday gets the support of a Nine Dragons Cypress tree in the grounds of the Temple of Heaven here. Reuter
      Reuter  -  46 words
    • Article
      HK's local civil servants threaten to sue govt over terms for expatriates
      441 4  -  From Stephen Vines in HONGKONG HONGKONG'S Chinese civil servants are threatening to take the government to court and to pass a motion of no confidence against the Governor. This follows a change in policy last week to allow
      441 words
    • Article
      Lock icon Tighter control on credit leads to steel glut in China
      493 4 Reuter SHANGHAI Steel is piling up on the wharves of China's largest port of Shanghai, a sure sign that the country's credittightening measures are cooling the overheated property market, metals dealers said yesterday. They said insatiable demand for domestic and
      Reuter  -  493 words
    • Article
      Lock icon Banks in China's Guizhou province run out of funds
      369 4 South China Morning Post HONGKONG Farmers in one of China's poorest provinces have been unable to cash money orders sent by relatives working in the booming coastal areas brcause the banking system has run out of funds. Guizhou's Sinan county post
      South China Morning Post  -  369 words
    • Article
      Lock icon Taiwan ruling party rebels reject reconciliation
      344 4 Reuter TAIPEI A group of rebel legislators in Taiwan's ruling Nationalist Party boycotted reconciliation talks with the leadership yesterday and looked set to break away and form a splinter party. President Lee Teng-hui, who is also the chairman of the Nationalist Party, called again
      Reuter  -  344 words
    • Article, Illustration
      Lock icon Japan set to get first female speaker of Lower House
      271 5 Reuter, AFP TOKYO Takako Doi, who grabbed headlines seven years ago when she became the first woman to lead the Socialist party, is now increasingly likely to become Japan's first female speaker of the powerful Lower House. Ms Doi, 64,
      Reuter,; AFP  -  271 words
    • Article
      Lock icon Chinese women second class in NZ: lecturer
      198 5 AFP AUCKLAND Better qualified than their Anglo-Celtic counterparts but paid substantially less than the national average, immigrant Chinese women here have been condemned as aliens in their chosen new home due to racist attitudes, an Auckland University lecturer said. Manying Ip, senior lecturer
      AFP  -  198 words
    • Article
      Aussie retail sector set to eclipse '92 sales figure
      231 5 SINGAPORE Australia's retail sector could prove to be the star performer in the country's property market this year, said property consultant Jones Lang Wotton. JLW said despite the lacklustre activities in the other sectors, the market for retail property was well
      231 words
    • Article
      HK syndicate buys Capital Centre complex in Sydney for A$130 million
      386 5  -  From Florence Ctiong in SYDNEY THE SAGA of Sydney's Capital Centre complex, thought to be owned by Singapore businessman Ong Beng Seng, has ended with its sale to a Hongkong syndicate for AS 130 million (Ssl43 million). The hotel/office
      386 words
    • Article, Illustration
      Lock icon Aussie hotel room rates seen staying soft
      301 5  -  By A J Leow SINGAPORE Room tariff rates at Australia's leading hotels will remain soft for the next 12 months, said property consultants Richard EUis. Richard Ellis said although Australia recorded a 10 per cent increase in international visitor arrivals to 2.6 million
      Source: Richard Ellis Research  -  301 words
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      Page 3 Advertisements Column 1
      354 3 wGmloneßS mm FEsriVALTmO Bth-18th August 1993. 7i4S7£ THE DELIGHT OF TRI-STYLE ABALONE. Hit fflis i« £> fifr) fIK j ||ffi Mil::::: s:- W W w ,31l OH I,' yjll ill fMU B SIZE pes per katy SIZE pes per katy SIZE pes per katy SIZE pes per katy 111 UU
      354 words
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      197 4 STRATEGIC FORUM EXPERTISE PTE LTD W /A ■Milt mt nj ILII ''t IJgJ- -ft r ,-i Ol EXECUTIVE INFORMATION EFFECTIVE SYSTEMS (EIS) PRESENTATION SKILLS 30 31 August 1993 I 2-3 September 1993 I HILTON SINGAPORE 1 HILTON SINGAPORE 1 Seminar highlights: Seminar highlights: Design of your EIS: I Overcoming the
      197 words
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      Page 4 Advertisements Column 2
      94 4 uni PROMARK The most versatile flI fluorescent markers Ml that work on HI any paper. Bl Colours will not change on heat-sensitive facsimile paper. Ink will not erase text on the second leaf of NCR paper. N| Ink features extremely strong resistance to |m| fading or discolouration by sunlight. HuSI
      94 words
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      6 4 APPOINTMENTS ADVERTISEMENTS ATTRACT THE RIGHT CANDIDATE
      6 words
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      35 5 Tie GIT. SmnilNß II DRUM UIIT NEXT TIME VOI RE STUCK OH TIE PIE, AYE, EBP, GTE, IKE, SIE.TPE... rnrcrcKTrci volvo Jill S M Motors Pt« Ltd 249 Alexandra Road. Singapore 0315. Tel: 473 1488
      35 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon Insurers eye booming Chinese market in the wake of welfare reforms
      882 6 Bloomberg Business News BEIJING As Beijing dismantles its cradle-to-grave social safety net, growing numbers of Chinese are digging into their pockets to pay for an unfamiliar new product: insurance. And that's created another booming Chinese market that companies are
      Bloomberg Business News; Photo by Albert Sim  -  882 words
    • Article, Illustration
      Lock icon Growing affluence may turn China into grain importer
      972 6 FT BEIJING The growing affluence of the urban Chinese is leading to changes in eating habits that could make the country one of the biggest markets for feed grain and a net importer by the end of the century. Despite China's desire
      FT  -  972 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      97 6 Model :MK 907 The running shoe for people who run a business. New Balance American Classics have all the performance and fit technology you'd find in New Balance running shoes. The only difference is, they look better with a suit. MODEL B 1 D 2E 46 MMB MB6O M 678
      97 words
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      75 6 H Results tender for book-entry Government Mm 1993 due 1 August 1995 be issued on 5 August 199|^H gMiljl Tenor approx. 2 years jjgojjllg Amount Offered Allotted *****,000,000 Amount Applied 551,131,709,000 3M| Interest/Coupon Rate 1.625% p.a. M? Average Yield Price on Allotment 1.67% p.a. and 99.912% 111 Cut-off Yield and
      75 words
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      4 6 rSoWrl I HeSfcraitsTimes BiSines^Dings
      4 words
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  • THE WORLD
    • Article, Illustration
      Lock icon A boost for EC growth: economists
      538 7 Impact of ERM turmoil on currency markets IHT LONDON Despite weeks of talk of European Community economies being strangled by their currency grid and the high interest rates it required, economists said on Monday that the weekend's switch to floating currencies had given EC
      IHT; Reuter  -  538 words
    • Article
      Lock icon Boon for US travellers and exports to Europe: analysts
      263 7 Reuter WASHINGTON The virtual collapse of Europe's monetary system is good news for the US, analysts say, boosting European demand for US exports and making it cheaper for American tourists travelling across the Atlantic. Bowing to overwhelming speculative pressure, the European
      Reuter  -  263 words
    • WORLD WATCH
      • Article
        Lock icon UK will make Maastricht work: Hurd
        102 7 AFP LONDON Now that Britain has ratified the Maastricht Treaty on closer European unity, it will do its utmost "to make it work", Foreign Secretary Douglas Hurd said here hours after Britain deposited the instrument of ratification, signed by Queen Elizabeth 11, at the
        AFP  -  102 words
      • Article
        Lock icon US govt fully committed to Nafta
        102 7 Bloomberg Business News WASHINGTON The Clinton Administration is committed to the success and implementation of the North American Free Trade Agreement, said James Jones, President Clinton's nominee to be Ambassador to Mexico. "I am totally convinced of the commitment of this administration," Mr Jones
        Bloomberg Business News  -  102 words
      • Article
        Lock icon US to ease impact of dole tax rise
        84 7 Reuter WASHINGTON US congressional budget negotiators have agreed to a small easing in the impact of a rise in social security taxes. The new tax rise will affect individuals earning U5534,000 (5555,080) a year easing the threshold from U5532,000, and couples earning
        Reuter  -  84 words
      • Article
        Lock icon Muslims urge air raids against Serbs
        119 7 Reuter ISTANBUL Turkish Foreign Minister Hikmet Cetin left for Paris, London and Geneva yesterday, saying he and his Islamic colleagues would urge swift action on Nato plans for air strikes to lift the Bosnian Serb siege of Sarajevo. "If these (strikes) had taken place
        Reuter  -  119 words
    • Article
      Lock icon Easing of grid seen putting upward pressure on yen
      300 7 IHT TOKYO The decision to relax Europe's currency grid risks creating a period of volatility that will put upward pressure on the yen, worsening an already grave situation for Japanese exporters. But the long-term impact on the world's second-biggest economy will
      IHT  -  300 words
    • Article, Illustration
      Lock icon Taiwan, Hungary, Thailand get US praise for open trade
      364 8 Bloomberg Business News, Reuter WASHINGTON US Trade Representative Mickey Kantor on Monday praised recent actions by Taiwan, Hungary and Thailand to further open their markets to foreign goods. Taiwan and Thailand both passed laws to improve copyright protection and pledged to
      Bloomberg Business News,; Reuter  -  364 words
    • Article
      Lock icon Spain plans hi-tech science park at Expo site
      356 8 Reuter SEVILLE Spain is developing a high-technology science park in a backward farming region in an ambitious plan to re-use the Expo 92 site and drag one of its poorest areas into the 21st century. For the moment Cartuja 93, successor to
      Reuter  -  356 words
    • Article
      Lock icon Increasing trade barriers drawing Arab states to Gatt
      456 8 AFP ABU DHABI Growing world protectionism and the emergence of giant economic blocs are forcing wealthy Gulf Arab states to join the General Agreement on Tariffs and Trade (Gatt), officials and economists said yesterday. Kuwait is the only Gulf Coopera'ion Council (GCC)
      AFP  -  456 words
    • Article
      S Africa hopes to boost exports to S-E Asia with promotional blitz
      299 8  -  By Nirmal Ghosh SINGAPORE South Africa hopes to boost its exports to South-east Asia on the heels of a forthcoming promotional blitz in the region. A trade fair is to be held in Singapore between Aug 31 and
      299 words
    • Article, Illustration
      Lock icon Saddam holds oil hostage in war with UN
      538 8 Bloomberg Business News NEW YORK Three years ago on Aug 2, Saddam Hussein's army invaded Kuwait, hoping to gain the upper hand in an oil price war by doubling the size of his crude reserves. Instead, Mr Saddam lost the war and
      Bloomberg Business News  -  538 words
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      Page 7 Advertisements Column 1
      220 7 I From modern Singapore > to the challenging ski slopes of Whakapapa, New From the magnificent Bayview Inn, Singapore The Grand Chateau, Mount Ruapehu, New Zealand beach of Batu Ferringhi, Penang to the land of exquisite wines and wildflowers in Australia. The City Bayview Hotel, Penang, Malawi The Bayview Beach
      220 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1015 8 Keppel Corporation Limited I I Straits Steamship Land Umited I H (Incorporated In the Republic of Singapore) H (Incorporated in the Republic of Singapore) H The Directors advise the following unaudited results of the Group and the The Directors are pleased to advise the following unaudited results of the Company
      1,015 words
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      Page 8 Advertisements Column 2
      59 8 FOR SALE JLW recommend these luxurious freehold apartments! Property Location Area Selling (sq.ft) Price Four Season Park Anguillia Park 2260 $2.2 m Holland Peak Holland HiU 2357 $1.5 m O Le Marque Keng Chin Road 1572 $950,000 Regency Park Nathan Road 2260 S 1.55 m The Parisian Anguillia Park 2153
      59 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Keppel posts 8.4pc profit rise, expects to better 1992 results
      575 9  -  Keppel Group interim results By Dexter Lee SINGAPORE Keppel Corporation has reported an 8.4 per cent rise in interim group net earnings to $86.05 million. And it expects full-year results to better those of 1992. The group believes it can
      Photo by Arthur Lee; Source: Bloomberg  -  575 words
    • Article
      Jurong Cement unveils share schemes for stockholders and staff
      154 9 SINGAPORE Jurong Cement yesterday announced two new share schemes, one for stockholders and the other to reward selected staff. There will be a one-for-four bonus issue to raise share capital and bring it in line with the company's asset base. Some
      154 words
    • Article
      Buoyant regional stocks lift UIS profit
      214 9 SINGAPORE Buoyant regional stock markets have led to a surge in profits for United International Securities in the first half of the year. The United Overseas Bank unit yesterday reported a 125.6 per cent jump in interim group net earnings to $2.52 million on
      214 words
    • Article
      Lock icon Genting's pre-tax profit rises 47pc to M$476m
      140 9 Bernama KUALA LUMPUR Genting Bhd has reported a 47 per cent increase in its group pretax profit to M 5476.18 million (SS3OO million) for the half year ended June 30, from M 5323.12 million in the previous corresponding period. Releasing its unaudited results.
      Bernama  -  140 words
    • Article
      Move into property and construction enhances Mulpha's attractiveness
      638 9  -  HOCK LOCK SIEW By William Chia SINGAPORE Mulpha International Bhd, the former trading subsidiary of Malaysian conglomerate Multi-Purpose Holdings Bhd, has undergone a remarkable transformation in the past few years. The once loss-making company is now a fast-emerging property development and infrastructure
      638 words
    • Article
      SSL reports 11.8pc profit rise, plans bonus and rights issues
      387 9  -  By Lilian Ang SINGAPORE Listed Straits Steamship Land (SSL) yesterday reported a modest 11.8 per cent rise in net interim earnings to $13.84 million and announced both bonus and rights issues. The surprise bonus issue will be on a one-for-10
      387 words
    • Article
      Fels' net earnings leap 59pc in line with expectations
      318 9  -  By Juliette Walker SINGAPORE Far East Levingston Shipbuilding (Fels) yesterday reported a 59 per cent jump in interim group net profit, in line with market expectations. The local rigbuilder earned $14.6 million after-tax but before extraordinary items for the six months
      318 words
    • Article, Illustration
      Lock icon SUMMARY
      339 9 Source: Bridge Info Performance of STII's Index stocks Aug 3 Last Vim ladex Slock sale Ckft (actor a»w (!> Avimo 1 920 0.030 1.47 1.33 C4C 7 350 0.350 5.64 15.80 Ccrebos 5 900 -0 100 4.53 -4.51 FAN 13.500 0.400 10.35 18.06 GF Asia 3 100 0 060
      Source: Bridge Info  -  339 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          IPC bags US$2.5m deal in Poland
          66 10 SINGAPORE IPC Corporation has just won a U552.47 million (553.97 million) contract to supply 1,155 point-of-sale terminals to a Polish government-linked company. The Polish company will assemble the terminals and distribute them to resellers and retailers in the country. Initial shipment to Poland is
          66 words
        • Article
          Pacific Carriers buys US$12.4m ship
          50 10 SINGAPORE Pacific Carriers Ltd has agreed to buy a bulk carrier from Glenside International of Panama City for U5512.42 million (Ss2o million). The MV Atlantic is a bulk carrier built in 1984. PCL expects the acquisition to contribute to group profits in the long term.
          50 words
        • Article
          Alliance in eye-care product tie-up
          84 10 SINGAPORE Alliance Technology and Development has set up a joint-venture company with two Chinese businessmen called Igel Optical Science Technology (Shenzhen) Co. The joint venture is involved in the manufacture and trade of contact lenses and eye-care products. It already has a branch in Shanghai
          84 words
      • Article
        UNIT TRUSTS & FUNDS
        439 10 UNIT TRUSTS FUNDS Maucart print Aug 4 Insurance Fund Singapore Unit Trust L nc °T 317 3 50 The Commerce 1.35 1.42 rTUOfttUU The Savings Fund 1.25 1.31 PruLjnk Mgd Fund 1.15 1.21 S pore Prof Fund 0.58 0.61 u»m m :—i— S pore Sec Fund 0.90 0.95*d WUW-DUmipUTTa S
        439 words
      • Article
        Creative Tech moves US customer support operation to cut costs
        346 10  -  By Joseph Rajendran SINGAPORE Homegrown Creative Technology has shifted its customer support operation from California Valley to Oklahoma. Singapore-based company president Chay Kwang Soon yesterday said the move would cut operating costs by a third. It is well known that
        346 words
      • Article
        Lock icon Magnum to clear air over Dalian entertainment centre deal
        339 10 AFP KUALA LUMPUR A top executive of Malaysia's Magnum Corp is to leave for China soon to clarify a disputed deal to operate an entertainment centre in China's north-eastern city of Dalian, news reports said yesterday. Magnum chief executive officer Lim
        AFP  -  339 words
      • Article
        DBS Land to pay US$12.8m for 70pc of Indonesian developer
        201 10 SINGAF*ORE Diversified property giant DBS Land has agreed to buy 70 per cent of Indonesian property developer PT Indonesia America Housing for U5512.85 million (5520.69 million). The acquisition was made through DBS Land's whollyowned subsidiary. Amethyst Holdings, and was subject
        201 words
      • Article, Illustration
        Leisure and property group Monicode to take over KL golf club
        507 10  -  By Kooi Cho Teng SINGAPORE Kuala Lumpur's Tropicana Golf Country Resort, which has some common directors as the Berjaya group, will soon be part of a listed group with substantial interests in various leisure and property developments. The club
        507 words
      • Article, Illustration
        Wah-Chang to manage resort, invest in hotel in Philippines
        363 10  -  By Al Labita, Chuang Pack Ming in SINGAPORE SINGAPORE'S Wah-Chang group is starting to make its presence felt in the Philippines. It has clinched a deal that gives it the right to manage a soon-to-be-completed resort. And it is finalising a
        363 words
      • Article
        Barito Pacific holds more than US$2b worth of legging concessions
        311 10 SINGAPORE Indonesian timber giant Barito Pacific Timber, which plans to be listed on the Jakarta bourse later this month, has timber concessions worth more than USS2 billion (553.2 billion). Barito Pacific director Susana Sutanto disclosed this at a roadshow held
        311 words
      • Article
        Transmarco's Singapore operations turn around
        314 10 SINGAPORE Lower losses from the fashion business helped upmarket retailer Transmarco turn around its Singapore operation in the year to Mar 31. The company's latest released annual report shows that local businesses contributed $2.29 million to group pre-tax profit, against a loss of $528,000 previously.
        314 words
      • Article
        Lock icon HK closer to non-reporting of extraordinary items
        381 11 South China Morning Post HONGKONG The colony came another step closer to banning the reporting of extraordinary items on Monday with the publication of a stock exchange and Securities and Futures Commission-backed report on financial disclosure. The report of the working group on
        South China Morning Post  -  381 words
      • Article, Illustration
        Lock icon Apple unveils long-awaited message pad
        141 11 Bloomberg Business News BOSTON Apple Computer Inc has beaten the field by formally unveiling here on Monday its Newton Message Pads, a 0.9-pound PC that fits into a jacket pocket and functions as a kind of electronic datebook. The product nit the Boston retail-store market
        Bloomberg Business News  -  141 words
      • Article
        Lock icon Marubeni in tie-up with China firm
        115 11 AFP TOKYO Japan's Marubeni Corp has agreed with China National Petroleum Corp (CNPQ to cooperate in the energy business on a worldwide basis excluding Japan and China, a company spokesman said yesterday. Under an agreement signed on June 30, the two companies will jointly
        AFP  -  115 words
      • Article
        Lock icon China bags major satellite deal from Motorola
        339 11 AFP BEIJING China's fledgling space industry announced a major victory yesterday with a contract to launch about 20 high-tech satellites over a sixyear period for US telecommunications giant Motorola. Motorola's China manager Lai Chisun said China Great Wall Industry Corp will participate in
        AFP  -  339 words
      • COMPANY BRIEFS
        • Article
          Lock icon 68 more indicted in Taipei scandal
          68 11 AFP TAIPEI Sixty-eight more people have been indicted here for their involvement in Taiwan's worst stock settlement default worth some NTS9.I billion (SSS3B million), court officials said yesterday. Taipei District Court prosecutor Chuang Chun Shan on Monday charged the 68 people, who had let
          AFP  -  68 words
        • Article
          Lock icon Marks & Spencer opens in Thailand
          83 11 Marks Spencer opens in Thailand AFP HONGKONG British retail giant Marks Spencer will open its first store in Bangkok, the company announced here yesterday, bringing to 27 the number of shops it has set up in South-east Asia over the last five years. The shop in Bangkok, which will hold
          AFP  -  83 words
        • Article
          Lock icon Matsushita to produce own software
          88 11 AP TOKYO Electronics giant Matsushita Electric Industrial Co said yesterday it plans to make some of its own software for its multimedia player instead of relying entirely on third-party contractors. Matsushita, which exports home electronics under the National, Panasonic, Technics and Quasar brand names, would
          AP  -  88 words
        • Article
          Lock icon Louis Vuitton acquires Kenzo
          79 11 Bloomberg Business News PARIS LVMH Moet Hennessy Vuitton has announced that its Louis Vuitton SA subsidiary bought Kenzo, the brand-name luggage, leather goods and perfume maker, from a holding company controlled by LVMH chairman Bernard Arnault, for US$BO million. The purchase through Louis Vuitton SA, which
          Bloomberg Business News  -  79 words
      • Article
        Lock icon NatWest's business still affected by recession
        243 11 Reuter LONDON National Westminster Bank pic's chairman Lord Alexander said economic conditions were showing improvement but the recession was still having an impact on the bank's business. "The effects of the recession on our business still persist but the economic background is now improving,
        Reuter  -  243 words
    • FINANCE
      • Article
        More personal investors buying financial services systems
        428 12  -  Emerging financial boutiques Reports by Paul Leo, Magdalene Ng SINGAPORE Financial information vendors are riding a boom in the region, thanks to the growing affluence of investors and the demand for more up-to-date news and analysis. Market leaders Reuters and Telerate report brisk
        428 words
      • Article, Illustration
        Lock icon Four former bankers strike out on their own
        390 12 SINGAPORE Just six months into business, Finad Services is already managing US$3O million (5548.4 million) for institutions and individuals in the region. Finad a provider of discretionary foreign exchange trading and financial consultancy services is a partnership of four former bankers who
        Photo by Arthur Lee  -  390 words
      • Article
        Financial adviser Trac carves niche in Indonesia
        308 12 SINGAPORE Financial adviser Trac Consultancy has taken advantage of deregulation in Indonesia to create a niche for itself. Singaporean Philip Tan, who started the firm in 1991, says the Indonesian government is keen to develop Jakarta as a financial centre. With the liberalisation
        308 words
      • Article
        NTUC income launches profit-sharing annuities
        428 12  -  By Soh Tiang Keng SINGAPORE NTUC Income has launched annuities that allow policyholders to share the profits of the insurance cooperative. Under this "participating" plan, the annuity payment is increased each year according to the investment yield of Income. Income officials say that under normal
        428 words
      • Article
        Lock icon Taiwan allows new banks to open branches
        170 12 Reuter TAIPEI Taiwan, liberalising its financial market, has given 19 local banks approval to set up a total of 88 new branches around the island, the Bureau of Monetary Affairs said. "We adopt a looser policy toward bank branches as this is the
        Reuter  -  170 words
      • Article
        Lock icon Two Pakistani finance houses to be privatised
        234 12 AFP ISLAMABAD Pakistan's caretaker government has approved in principle a proposal to convert two large state-run financial institutions into joint stock companies. The plan, involving the National Development Finance Corporation and Agricultural Development Bank, will be implemented in consultation with provincial governments, an
        AFP  -  234 words
      • SMALL CHANGE
        • Article
          Lock icon Lloyds finance director quits
          94 12 AP LONDON David Bruce, finance director of the loss-making Lloyd's of London insurance market, has resigned after only four months on the job. Lloyd's said in a statement on Monday. The statement said he resigned during the weekend "to pursue other interests". It said his departure
          AP  -  94 words
        • Article
          Lock icon China firms not repatriating funds
          105 12 South China Morning Post HONGKONG Chinese financial institutions are not repatriating funds from Hongkong back to China, according to a recent survey by the Hongkong Monetary Authority. "Based on our survey on Hongkong banks' China exposure, there is no indication that funds of Chinese institutions
          South China Morning Post  -  105 words
        • Article
          Lock icon S Korea may delay trust repayments
          77 12 Reuter SEOUL South Korea may postpone repayment of some of the 2.9 trillion won in special loans extended to three ailing investment trusts, newspapers said. The reports, quoting a finance ministry official as saying the government would require the three trusts to repay only
          Reuter  -  77 words
        • Article
          Lock icon Italian insurer gets rights nod
          72 12 FT MILAN Italy's third biggest private-sector insurance group, which suffered a 578 billion lira (*****.6 million) loss last year, yesterday won shareholder approval for a 1,058 billion lira rights issue. However, GAIC, the listed holding company which controls Fondiaria, announced it would partly subscribe to
          FT  -  72 words
      • Article
        Simex volume surges 34pc in first 7 months
        221 12  -  By Quak Hiang Whai SINGAPORE The Singapore International Monetary Exchange traded 8.53 million contracts in the first seven months of this year. This was 34.2 per cent more than the 6.35 million traded in the same period last year, Simex said in
        221 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Yen swap market heats up as traders see rates bottoming out, credit easing
        450 13 Reuter TOKYO The feeling that Japanese interest rates are near a long-term bottom coupled with mounting expectations of a credit easing have been fueling the yen interest-rate swap market in recent months, traders said. "The main contributors
        Reuter  -  450 words
      • Article
        Prices plunge as oversupply dominates
        312 13 Btoomberg ENERGY REPORT LONDON Crude oil in London and New York fell yesterday as oversupply in the physical markets continued to dominate trading. Fears of Iraq re-emerging as an exporter of crude oil have been resurrected by traders and brokers, who sec the market as
        312 words
      • Article, Illustration
        Untitled
        1546 13 Trade-»*tgkled index calculated against rjnrr i top 14 trading partner* Baseyem: im US$/S$ forward rates Noon Aug 3 ss Bid Offer 1-month 1.6141 I.6IS6 2-month ***** 1.61)6 J-mooth I 6141 1.6196 6-month 1.613$ 1.6155 Sourvr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES to at ltaa m Aag 3 TiMtpm i
        1,546 words
      • Article
        Lock icon Japan investors wary of US Treasury bonds
        294 13 Reuter TOKYO Japan's institutional investors remain cautious about investing in US Treasury bonds as foreign exchange risks and slim profit margins make that market less appealing than domestic bonds, analysts said. "I find it difficult to imagine Japanese investors becoming major buyers the
        Reuter  -  294 words
      • Article, Illustration
        Lock icon Money for nothing
        83 13 Reuter RIO DE JANEIRO, Brazil A vendor of antique preparing to sell out-of-circulation Brazilian money on Monday. From the beginning of this month, the government took three zeroes off the cruzeiro to create a new currency called the cruzeiro real to replace the old inflation-weakened currency The
        Reuter  -  83 words
      • Article
        Lock icon US banks likely to gain from ERM turmoil
        205 13 Reuter NEW YORK The revamping of Europe's monetary system may be a boon for US banks that handled heavy trading in the currency turmoil and should now profit from continuing market swings. Analysts said the recent crisis in European currency markets has
        Reuter  -  205 words
      • Article
        Lock icon NW Shelf's LPG project partners to decide on start-up
        339 13 Platts TOKYO Partners in Australia's North West Shelf (NWS) LNG project will make a final decision in mid-August on when to give the green light to the first commercial production of liquefied petroleum gas from NWS, a source close to the
        Platts  -  339 words
      • Article
        Lock icon World oil prices likely to dip again
        434 13 Knight-Ridder LONDON Oil prices are likely to edge lower again as downward pressure resumes after a short recovery in July. Brokers suggest chart indicators for Brent crude futures on the International Petroleum Exchange are bearish, especially after the September contract failed on Thursday
        Knight-Ridder  -  434 words
      • Article, Illustration
        CURRENCY REPORT
        12 13 The Banque Indosuez regional currency report wis not available yesterday.
        12 words
      • Article
        Lock icon London
        326 13 Reuter LONDON The dollar ended largely unchanged on the mark in Europe yesterday, unable to capitalise on a surprise cut in a German money market rate, economists and dealers say. The German central bank said it was setting a 14-day fixed rate repo at 6.80 per cent rather than
        Reuter  -  326 words
      • Article
        Lock icon New York
        151 13 AFP NEW YORK The French franc firmed against the German mark early yesterday, while the dollar fell against the mark and rose against the pound sterling and Swiss franc in quiet trading. At around 10 am (1400 GMT), the German mark was trading at 3.4980 French francs in
        AFP  -  151 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen weakens, Eurodollar edges up
        1460 14 SIMEX REPORT Reuter SINGAPORE Simex Euroyen utures finished weaker yesterday ailing to gain momentum on credt easing anticipation. Contracts came off highs as the >Jikkei-225 index climbed on sjpecilative buying helped by a shift in nerseas funds to Japan as the dolar and European currencies
        Reuter  -  1,460 words
      • Article
        Record fall continues for tin
        628 14 COMMODITY REPORTS Tin TIN fell further to a fresh record low of M$ 12.27 per kg at close yesterday, down nine cents from overnight, mainly due to a lower London market and weak fundamentals, traders said. Total turnover increased slightly to 82 tonnes from 79
        628 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Chinese corn export prices strong
          72 14 TOKYO Chinese corn prices are retaining recent strength, quieting demand from Malaysia and other Asian buyers, traders in Singapore said yesterday. Malaysia had inquired actively for Chinese com for September shipment last week but did not buy because prices were considered too high, the traders
          72 words
        • Article
          Indon soymeal import seen rising
          78 14 JAKARTA Indonesia's imports of soymeal are expected to more than double following the government's decision to lift a 35-per cent import surcharge in mid-June, according to a report by the US embassy here. Imports of soymeal will rise from 100,000 tonnes in the current 1992-93
          78 words
        • Article
          Indon coconut products output to fall
          85 14 JAKARTA Indonesia's coconut products output! will decline this year, but will stage a partial recov-i ery next year, according to a report by the US" Embassy in Jakarta. Copra production will fall 13.2 fc per cent in the current calendar year to 1.15 million
          85 words
        • Article
          China's copper contracts
          77 14 TOKYO Although copper imports to China are K unprofitable at current prices, some shipments of* metal from London Metal Exchange warehouse** may continue as existing long futures positions areL liquidated, say trade sources. Despite a weak do- mestic market, Chinese trading companies thought to prefer taking physical
          77 words
      • Article
        COMMODITY PRICES
        1636 14 Rubber MS Cweewtftty ExcJianga (future* elating m at lpai) RSS 1 Caatract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest &p93 134.2$ 133.75 134 00 H75 3*75 Oct 134.25 133.75 134.50 950 6.000 Nov 0.00 0 00 135.00 0 6.575 Dcc 0.00 0.00 135.50 0
        1,636 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1262 15 +0.6 The Australian share market grudgingly crept to another post 1987-crash high yesterday, consolidating after recent strong gains. "There was a lot of profittaking. We're just seeing the market take a bit of a breather," said a Morgan broker. The market defied a sharp rise on Wall Street overnight
        1,262 words
      • Article
        Manila
        574 15 +7.44 Share prices closed at new all-time highs but the strong rally began to ease as punters cashed in on their gains, brokers said. "The market seems to be encountering heavy resistance at current levels which prompted most punters to take profits," said Robinson Siao, sales manager at Abacus
        574 words
      • Article
        Taipei
        561 15 +2.73 Taiwan stocks ended slightly higher as most investors kept to the sidelines due to a lack of fresh market factors, brokers said. The weighted index closed up 2.73 points at 3,949.29. Turnover was NT59.25 billion against Monday's NTSB.93 billion. The market was helped by media reports that Taiwan
        561 words
      • Article
        Seoul
        424 15 +2.09 Stocks closed slightly firmer after a late surge of buying interest by individuals and some institutions dragged the wobbly market out of negative territory, brokers said. Brokers said recent selling by three big investment trusts appeared to have dried up. Selling had emerged ahead of August 10 when
        424 words
      • Article
        New Zealand
        292 15 11.57 The New Zealand share market closed at another three year high, driven by the same optimistic outlook that pushed it 4.7 per cent higher last week. Brokers said the market was only moderately active in the context of recent volumes and trading in some second line shares
        292 words
      • Article
        Bombay
        51 15 +8 Share prices rose further on the kerb in the Bombay stock market as speculators maintained a buying spree in major specified group shares, brokers said. The Bombay Stock Exchange 30-share index closed at 2,336.62, eight points higher than Friday's closing. The national index closed 16.67 points higher at
        51 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        748 15 Britannia Funds Sterling Cash Bid Offer Mim < ap Deposit 3* 6400 3* t<00 Mim Jenrv (>ih 01*93 0 1992 Mim Mn Income 0200 *1 (*00 IS$ Cash Income Plus Fund *10 3500 *10 9000 PS J Resene F-nd 5 2100 5 2200 Sterling Kqam Euro Performance 4592 OWJI Far
        748 words
      • Article
        London
        614 15 +3.3 Equities traded in a subdued market yesterday as euphoria at the demise of the Exchange Rate Mechanism was dampened by the wait for interest rates to fall. The blue-chip Financial Times Stock Exchange 100share index, which climbed 15.2 points on Monday, closed at 2,945.0 points, up 3.3 points.
        614 words
      • Article
        Paris
        148 15 -18.45 French stocks fell 0.9 per cent yesterday as investors waiting for French rate cuts sold shares to lock in profits after a 7 per cent rise over the past three sessions, traders said. The CAC 40 index of blue chip stocks fell 18.45 points to close at 2.110.58.
        148 words
      • Article
        Stockholm
        117 15 12.12 Swedish shares rose sharply in active trading, supported again by falling money market rates and expectations of cuts in official rates soon, traders said. "Shares gained because interest rates fell, and only because of that." said a trader at Alfred Berg Fondkommission. The Swedish blue-chip OMX index climbed
        117 words
      • Article
        Frankfurt
        221 15 1.56pc Shares on the Frankfurt bourse rallied as the Bundesbank sparked new rate cut hopes when it eased its repo rate, and dealers said the market still has enough momentum to reach 1,850. The DAX closed an active session 1.56 per cent higher at 1.843.43 yester- day as foreign
        221 words
      • Article
        Brussels
        162 15 -2.17 Belgian stocks declined after reaching a record high on Monday amid fading hopes that Belgian interest rates will come down, analysts said. The Bel-20 index fell 2.17 points to 1,342.46 after 350,000 shares changed hands. Declining stocks outnumbered advancers 11 to seven, with two remaining unchanged. The Belgian
        162 words
      • Article
        Milan
        138 15 7 Strong demand for telecommunications shares and stocks in Olivetti underpinned Milan stocks, although key issues saw some pronttaking late in the session. Shares in Olivetti and its parent CIR shot up the league table of heavily traded shares amid renewed market speculation of possible benefits from the reorganisation
        138 words
      • Article
        Amsterdam
        233 15 +4.9 Dutch shares closed just below the day's high in strong volume, at a new closing high, pushed by hopes of an accelerating trend towards lower interest rates. The EOE index finished 4.90 higher at 341.72. with Dutch money market rates already down at levels predicted for the year-end.
        233 words
      • Article
        Zurkh
        273 15 18.24 Swiss shares rose more than 1 per cent in active trade to reach a new all-time high, as the market followed the Frankfurt share market up. The firm trend came as a surprise to many dealers who had expected a quiet afternoon trade. The broad SFI index was
        273 words
      • Article
        Johannesburg
        283 15 -10 South African gold shares closed lower on Tight profittaking yesterday while investors waited cautiously for the gold price to break out of its current narrow trading range. The gold board was 47 points lower at 2,024 while the JSE Industrial Index lost 10 points to 4,601. The overall
        283 words
      • Article
        Toronto
        209 15 +2.05 Stocks moved slightly higher in subdued and featureless post-holiday weekend dealings yesterday, traders said. The TSE 300 composite inched 2.05 points higher to 3,969.28 in trade of 8.8 million shares valued at C 588.7 million. Advances nosed out declines 197 to 178, with 209 flat. 390 Toronto Jai>
        209 words
      • Article
        New York
        827 15 +21.52 US blue-chip stocks teetered near unchanged yesterday as investors decided to take profits from Monday's rally and let the market drift in anticipation of passage of President Clinton's budget-deficit reduction plan. The Dow Jones Industrial Average was down 0.56 of a point to 3.560.43 at 1 pm
        827 words
    • Article, Illustration
      Lock icon HONGKONG
      2816 16 Reuter HONGKONG Stock prices closed sharply higher yesterday, carrying the main index up 2.6 per cent on a wave of overseas buying, brokers said. But brokers cautioned that local sentiment was less bullish and some said they expected a sell-ofT later in the week. The blue chip Hang Seng
      Reuter; Source: Bridge Info  -  2,816 words
    • Article, Illustration
      CHINA
      501 16 IN Shanghai yesterday, share prices on the B market closed mixed. Gains on Wing Sung and Tyre Rubber pushed up the index to close at 629.12, 0.35 per cent higher than the previous close. Trading on the A market was moderate with the index closing down 1.92 per cent
      501 words
    • Article, Illustration
      Lock icon TOKYO
      2474 16 Reuter TOKYO Stocks closed firmer yesterday, led by rises in bank shares on arbitrage buying spurred by hopes of an interest rate cut, brokers said. Trading was quiet, however, as many investors took to the sidelines ahead of tomorrow's special parliamentary session. "The market won't really move until the
      Reuter; Source: Bridge Info  -  2,474 words
    • Article, Illustration
      Lock icon JAKARTA
      725 16 Reuter JAKARTA Share prices end higher in an active afternoon session after a sluggish start yesterday. brokers said. The official index closed 1.29 points higher at 358.13. Lnggul lndah jumped 375 rupiah to 5,975 on moderate volume. Brokers said the movement was caused by expectations of growing demand for
      Reuter; Source: Bridge Info  -  725 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2486 17 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume FACB 50c 3.244.000 Idns Hyd 50c 3 090.000 Bousicad 50c 2.413.000 Kenong Bhd 50c 2.283.000 Pub Bk Forcmn 1,888.000 Mulpha Intl 50c 1.792.000 Pefi Msia 1.305.000 Promcl 1.182.000 Kamunlins 50c I.I 12.000 Diversified Res 1,096,000 MBf Capital 908.000 Set
      Source: Bridge Info  -  2,486 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Strong buying support sends prices higher
        5298 17 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange, backed by strong buying support, closed higher yesterday. The KJLSE Composite Index closed at 771.67, up 8.21 points. It had touched an all-time high of 773.59 at 10:30 am while the previous record was on July
        Bernama; Source: Bridge Info  -  5,298 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Institutional buying spree sparks rally
        7401 18  -  By Joseph Rajendran SINGAPORE The expected stock market rally took off like clockwork yesterday as institutions went on a pre-National Day buying spree. Banking and property stocks were the main beneficiaries of the bullish sentiment. The Straits Times Industrials Index rose 31.34 points to 1,844.58
        Source: Bridge Info  -  7,401 words
      • Article, Illustration
        Lock icon Straits Steamship Land
        69 18  -  HOT STOCK Quak Hiang Whai STRAITS Steamship Land has been on an uptrend since touching its support at $2.60. It broke through a resistance at 52.80 this week and looks headed for $3. The weekly charts look more bullish with the nineweek moving average line having cut
        SOURCE: BRIDGE INFO  -  69 words
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      309 9 isl THE MATTE! Of THE COMPANY ACT, CAP 50 ond N T« MATTE* Of SIM AH AND cOAtfA/srr wivate imted (in voluntary liquidator) NQTtcEor tisoimtow AJonEnraordinoryGenefd Meeting d the w»tw d Sin AJ" aid Compony Pto Ud. duly hdd and cofTvcnW at 5, >oor Bator #05-01 Singapore 06 ?0 an
      309 words
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      Page 9 Advertisements Column 2
      186 9 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 This announcement appears as a matter of record only August 1993 v OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) Issue of $125,000,000 principal amount of 3 per cent, unsecured bonds due 1998 with 49,574,824 detachable warrants to subscribe for 49,574,824
      186 words
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      196 words
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      496 11 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Tien Lee of 10 St, Thomas Walk #12-16, have applied for a Public House, First Class Licence in respect of premises at M/s Carry-On Pub Lounge at Ground Floor, No. 52 S3,
      496 words
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      Page 11 Advertisements Column 2
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      398 words
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      Page 12 Advertisements Column 2
      112 12 New: House hunters ■Me wtth prices ol jM homes sow each month wr*r) minm waMMailiia august VC*. l'*l BllklSuUSllU '983 M BUtlNilt iiicais wmiu TIAiSWT "HI! ,fs cm iisi rVi*' CltM IP »ll nutum n»«iti ASIA'S lIT jjSV TEUtll i/f&X ~<> SHTIItITS: STICK 111, PCI LLUMIfS Priced out? Priced out
      112 words
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      492 14 •ra II M li >* f ym '<• s v- oign»«;i3ancxii«;„. .MacStr-Mxr-im;rmr>»» BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 THE COMPANIES ACT, CAP.SO EE REALTY PRIVATE LIMITED (In Liquidation) At a general meeting ol EE REALTY PRIVATE LIMITED duly convened and held on the 30th day ol July,
      492 words
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      Page 14 Advertisements Column 2
      37 14 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead fl 737-1166 Business heats up ill when you make the call and place an C.A.T.S. ad. 1757-H66
      37 words
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      23 15 ROY EASTERN WATCH, #01-74 LUCKY PLAZA, #01-86/88 LUCKY PLAZA, #01-19 PARK MALL, TEL: 734 3139. DELUXE EASTERN WATCH, #01-18/20 CENTREPOINT, TEL: 235 2536.
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  • Page 16 Advertisements
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      136 16 jg We re the blue chip choice in graphic design j P-J Whether you re lucratively local or going §|Q. global, call the specialists in publications J OtjZ design and writing at lei 117 (Corporate Rroiluircs IS -Calendars H <W W EC DESIGN I roduit Literature i———J q I'rospcctuscs Good
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  • Page 17 Advertisements
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      88 17 INVESTMENT OPPORTUNITIES DON'T ALWAYS START AND EM) ON THIS PAGE. i At Citibank, you can prosper through a wide range of investments. Local and Asian Dollar Time Deposits. I nlixed I imc Deposits, I oreign unencies. I nit I rusts. Margin Trading Accounts and more. Just call our 24-Hour itiPhone
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      74 18 B Mondial Takes Shine to Ngee Ann City From 6th August, come to a dazzling new showroom when you wish to add sparkle to your portfolio. Mondial. Now at Ngee Ann City. f For all your internationally certified 'j |l G.I.A, H.R.D and 1.G.1 diamonds, emeralds and other gemstones. MMONDIAL
      74 words
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  • SPORTS
    • Article, Illustration
      Singapore's modest aims not too difficult to achieve
      597 19  -  Asia-Pacific Golf Championship Golf From Shahiron Sahari in KUALA LUMPUR SINGAPORE'S expectations at this year's tournament starting tomorrow to build on its second-place finish at the South-east Asia Games are relatively modest. In the context of the quality of opposition on offer
      597 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Athletics
        70 19 Reuter ZURICH Gold plenty of it beckons Europe's fastest man Linford Christie. At the end of the rainbow is the Stuttgart World Championships starting next week where the 33-year-old Briton seeks to add the world gold medal to his Olympic 100 m title. In the meantime, there is the
        Reuter  -  70 words
      • Article, Illustration
        Lock icon Baseball
        44 19 AFP W ASHINGTON Major league, Monday: American League Toronto 4 New York 0, Baltimore 7 Milwaukee 5, Texas 9, Chicago 8. National League Chicago 12 Pitts- burgh 10, Cincinnati 6 Colorado 2, New York 4 Montreal 3, St Louis 5. Florida 3. AFP
        AFP  -  44 words
      • Article, Illustration
        Lock icon Rugby
        69 19 Reuter SYDNEY Injured South African prop Willie Hills will miss the rest of the Springboks' tour of Australia after doctors yesterday advised him to fly home for surgery on torn knee ligaments. Hills was injured in the third minute of South Africa's 19-12 win over the world chamf»ion Wallabies
        Reuter  -  69 words
      • Article, Illustration
        Lock icon Soccer
        76 19 AFP TURIN, Italy AC Milan star Gianluigi Lentini. the world's most expensive player, suffered a fractured skull yesterday after a car crash. The forward, whose condition is serious, was in a Turin hospital. Lentini. 24. was returning to Turin from Genoa when he lost control of his car and
        AFP  -  76 words
      • Article, Illustration
        Lock icon Swimming
        49 19 Reuter SHEFFIELD, England Karoly Guttler of Hungary broke the men's 100 m breaststroke world record at the European Championships yesterday. Guttler clocked 1 min 00.95 sec to beat the mark of 1:01.29 set by fellow Hungarian Norbert Rozsa at the last European Championships in Athens in August 1991
        Reuter  -  49 words
      • Article, Illustration
        Lock icon Tennis
        109 19 Reuter AP LOS ANGELES Ist rd results of the LS$3OO,OOO Voho Classic, Monday: Michael Chang (US) b Jonathan Stark (US) 6-2 6-3; Chuck Adams (US) b Christo Van Rensburg (SA) 6-4 6-4; Michael Joyce (US) b Ronald Agenor (Haiti) 6-1 6-3; Alex O'Brien (US) b Mark Woodforde (Aust) 7-6
        Reuter; AP  -  109 words
    • Article, Illustration
      Lock icon Blue Jays beat Yankees to take two-game lead
      262 19 Reuter NEW YORK Devon White and Joe Carter each hit tworun homers and Todd Stottlemyre pitched seven shutout innings to give the Toronto Blue Jays a 4-0 victory over the New York Yankees in a battle of the top two teams in
      Reuter  -  262 words
    • Article
      Lock icon Orioles sold for US$173m at auction
      303 19 NYT NEW YORK In a spirited and steadily soaring auction, a group headed by a Baltimore lawyer and a Cincinnati investment banker bought the Baltimore Orioles baseball team on Monday for US$l73 million (SS2BO million) in a sale forced by the bankruptcy of the
      NYT  -  303 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      375 19 NOTICE IS HEREBY GIVEN that. I Yeo Eng Seng of 53, Lengkok Bahru #10-331, Singapore (0315), have applied for a WHOLESALE LIQUOR SHOP Licence in respect of premises at M/s Associate United Distributors Pte Ltd at Blk 1779, Geylang Bahru #01-05, Kallang Dlstripark Singapore (1233), and that this application will
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      Page 19 Advertisements Column 2
      529 19 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Pang Mian Fah of 2 Siak Kew Road, Singapore 1334, have applied for a Retail Beer Shop Licence in respect of premises at M/s Hana Handicraft Pte Itd at 125 Teiok Ayer Street, Singapore
      529 words
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      Page 19 Advertisements Column 3
      311 19 POLYTEK WEARNES HOLDINGS LIMITED (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 9th Annual General Meeting of the shareholders of Polytek Weames Holdings Limited will be held at 18, Jalan Kilang Timor #03-00, Singapore 0315, on Friday, 27th August 1993 at 2.30 pm for
      311 words
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      Page 20 Advertisements Column 1
      641 20 fal Nothing Beats A Bud. M P«1WO OF wmammmm 1 Tfcc pun (\> From spm to Bpm daiy, a good reason to come down with drinks at only $3.50++ each. (Beer A House pouring drinks only). Now Ploying: sosiDauicsDcrn" m Ladies Night Every Tuesday! For reMrvalion*, piaoao call 737 2911
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      Page 20 Advertisements Column 2
      270 20 WHERE TO WINE, DINE AND ENTERTAIN The lOth Golden Scissors Awards r■ V v i ■MM IB r j Kj i 1 I Heats 1-3 y K 29 Jufy 5 12 August $15++ inclusive of first drink. Grand Finals: 1 September. y $75 nett, inclusive of buffet dinner Venue Function
      270 words
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      Page 20 Advertisements Column 3
      341 20 m THE %t)ll£IN70 THZZXerTTmiT.^ Enjoy an unforgettable evening of spectacular world-class revues at the Neptune. And our Early Dinner Special menu prepared by experienced Hong Kong chefs. Free parking in the evening. Showtime*: B.oopm to 8.30pm 9.30pm to 10.00pm 7* too. Otntm Dm Hdmk. Ctdh/tt Qum 'up 0104 Id U4MU
      341 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Pete Townshend still a family man
      496 21 CHATTERBOX AP AP AP AP FAMILY now comes first for singer-guitarist Pete Townshend. "I'm far more interested in holding my family together and bringing up decent kids with principles than in being a rock star," he said before a recent performance of his Psycho
      AP  -  496 words
    • Article, Illustration
      Lock icon PolyGram buys Motown Records
      495 21  -  Sara Henley sees the move propelling PolyGram into the number one slot in the music industry Sara Henley Reuter MUSIC company PolyGram NV said it was buying Motown Records, the biggest name in American black pop music, in a deal which could boost the Dutch firm
      Reuter  -  495 words
  • Page 21 Advertisements
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      222 21 (mH our our II A /NT 1 Costner, Susan Sarandon or David /II I I I Carradine in your room right now. you're Li I I y| noi enjoying Movielink, Singapore's upno/II I II I date hotel in-house movie service. U J 11 JiJ MovieiinKs network extends to over 37
      222 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      1314 21 1 TV RADIO Perry Mason: The Case of the Desperate Deception, 10.30pm, accused of r murdering a Nazi war criminal who tortured his mother long iMPi ago. Raymond Burr goes to i. Paris to defend him in this MS Insight: B.oopm, j fl This profiles successful like Nicky Lauda j
      1,314 words
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  • REGIONAL ANALYSIS
    • Article, Illustration
      The Tatmadaw as preserver of the Union
      1689 22  -  Change and reform in Mvanmar FACE TO FACE Lt-Gen Khin Nyunt, Secretary 1 of SLORC, Myanmar's military government, and chief of military intelligence, talks to Nirmal Ghosh and Amy Balan in Yangon Amy Balan Nirmal Ghosh THE GROUND RULES for the interview were
      1,689 words
    • Article, Illustration
      Myanmar places its bet on free market economy
      1494 22  -  Special to BT MYA THAN MYA THAN Dr Mya Than is a research fello*with the Institute of South-east Asian Studies in Singapore AFTER MORE than three decades of experimenting with a centrally planned economy, Myanmar is going free market. This is not,
      1,494 words
    • Article, Illustration
      Doors open wide for business
      1655 23  -  Change and reform in Mvanmar AMY BALAN AMY BALAN The writer is a senior BT correspondent American Chinese Choo Yeow Ming, a partner with US law firm Winthrop, Stimpson, Putnam Roberts, needed a visa to Myanmar urgently. When he enquired at the Myanmar consulate in
      1,655 words
    • Article, Illustration
      Lock icon Light at the end of the tunnel?
      1521 23  -  NIRMAL GHOSH NIRMAL GHOSH The writer is a BT journalist AT THE departure lounge in Changi airport, waiting for a flight to Yangon, a Singaporean businessman hefts a trio of graphite drivers. With a rueful smile, he explains that they are gifts for
      Photos by Nirmal Ghosh  -  1,521 words
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  • Article
    Risk and reward in shareownership
    561 24 EDITORIAL THE government has taken on the ambitious task of getting a nation of homeowners to become shareowners too. Thus Invest Singapore, the campaign to educate Singaporeans on the basics of investing in shares and how shares are another form of asset ownership. But people
    561 words
  • WHAT THE OTHERS SAY
    • Article
      Housing aspirations
      235 24 THE FIRST PHASE OF Singapore's housing programme was geared to meeting needs: the second phase is about meeting aspirations. Difficult though it was at the time, the first task was actually relatively simple. An ambitious land acquisition scheme and the rapid construction of flats were undertaken to resettle
      235 words
    • Article
      Learning to invest
      168 24 NATURALLY, Singaporeans are eager to see their money grow. But many still shun the CPF investment scheme. One possible reason is that they are not comfortable with it. Hence, the government campaign to educate the public on how to benefit from the upbeat investment environment would help.
      168 words
    • Article
      Flat buyers should be flexible
      226 24 THE HOUSING PROBLEM which we face today is different from the one we were confronted with 20 or 30 years ago. However, the solution is probably the same. The government needs to speed up the building of flats and the people need to adopt a
      226 words
    • Article
      Meeting housing targets
      194 24 THE LUGUBRIOUS status quo of the country's lowcost housing scheme suggests a pressing need to seek new and innovative policy directions to ensure that housing targets under the Sixth Malaysia Plan (SMP) are met. Without casting aspersions on the authorities, it must be admitted that the loud
      194 words
    • Article
      Call for new trade unions
      193 24 THE INDONESIAN GOVERNMENT, apparently still worried about the risk of inflaming political instability and inciting security disturbances, like those triggered by the over-abundance of trade unions in the early *****, is not yet ready to unshackle the labour movement. As Coordinating Minister for Political and
      193 words
  • Article, Illustration
    Lock icon Theories of managed trade or dangerous fantasies?
    1141 24  -  Peter Sutherland feels the debate about trade policies currently taking place in North America and Europe should be based on objectivity Peter Sutherland The writer is director-general of the General Agreement on Tariffs and Trade IHT THE SEARCH for easy answers to issues
    IHT  -  1,141 words
  • Page 24 Advertisements
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      329 24 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER Of THE COMPANIES ACT. CAP. SO ANO IN THE MATTER OF SOPHIA INVESTMENT PTE LTD (In Membtrm' Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting ot the members of the abovenamed Company duly convened and held a 4
      329 words
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      Page 24 Advertisements Column 2
      346 24 EU YAN SANG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraorcfinary General Meeting of the Shareholders of the Company wil be held at 38 Kim Tian Road, •03-00 Kim Tian Plaza. Singapore 0316 on 25 August 1993 at
      346 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      92 24 ia r¥*n rue e l Rgad this nftce 1 COAPRHY... Vou W?£Too CLOS£ U>Htße. \T J I ■< cptu Be. fC*^ s^ £a>> HE. V4RS M«s NRvie yN J j V~ SPIAsHeO RU_ CME.fc 1 1 1/ "W€_ &OilDi*G But IT S 7 \N TV4fe_ UffOtiG PbsmOK... c associatidMFWVAPtRSLTD. IM3-IM3
      92 words
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  • ANALYSIS
    • Article
      Lock icon The cost of the currency crisis
      987 25  -  In trying to defend the French franc. European central banks lost millions of dollars to currency traders and speculators. Floyd Norris reports Floyd Norris NYT ONCE again. European central banks have given away hundreds of millions, if not billions, of dollars. The recipients were
      NYT  -  987 words
    • Article, Illustration
      Lock icon One down, two to go
      1246 25  -  If Congress approves the legislative compromise struck on Monday, then US President Bill Clinton will have achieved his goal of reducing the budget deficit. But two other goals have fallen by the wayside, writes David E Rosenbaum David E Rosenbaum NYT US PRESIDENT Bill Clinton
      NYT  -  1,246 words
    • Article
      When free trade doesn't go with higher taxes
      785 25  -  The US administration's tax increase is likely to wreck the prospects for Gatt and Nafta, says Paul Craig Roberts Paul Craig Roberts IS THE Clinton administration for free trade or managed trade? At the Group of Seven economic summit held from July
      785 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      76 25 BUSINESS TIMES ALFRED DUNHILL PROMOTION ALFRED DUNHILL ONE HUNDRED YEARS MORE Alligator H^KgjTSl^B Organiser Handbag, Made from tan alligator leather with compartmentalised interior lined with 4 crossgrain leather for powder and puff, lipstick, comb and lighter, and the lid was fitted with a coin purse, ivory writing block Hang on
      76 words
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      Page 25 Advertisements Column 2
      117 25 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Keady made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 3 8.V.1 ISLE OF MAN D BAHAMAS 1 JERSEY 1 BELIZE ~t LIBERIA D COOK ISLANDS D MADEIRA n
      117 words
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      Page 25 Advertisements Column 3
      113 25 WESTERN SAMOA Western Samoa long term international companies are the most cost effective solution for your offshore company structure. Available at an effective annual cost from as low as US$4OO per annum. We also provide offshore companies from: British Virgin Islands Bahamas kHaUMyUJfI Bermuda Cook Islands Hong Kong and others,
      113 words
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  • Article
    Lock icon Democrats reach compromise on Clinton's economic plan
    583 26 Reuter, AP WASHINGTON Congressional Democratic leaders said on Monday they had reached a compromise on President Clinton's economic plan that will cut the federal budget deficit US$496 billion (SSBOO billion) over five years. Mr Clinton yesterday hailed the compromise as "the beginning, not
    Reuter,; AP  -  583 words
  • Article, Illustration
    Lock icon Japan coalition divided over key issues
    456 26 Members have not worked out differences on defence, taxes and deregulation AP TOKYO Tsutomu Hata, a main figure in the coalition set to take power this week, acknowledged yesterday that divisions remain in the broad-based alliance on key issues like defence and tax policy.
    AP  -  456 words
  • Article
    Lock icon Bombay court approves sale of BCCI branch
    145 26 Reuter BOMBAY A court yesterday approved the sale of the Bombay branch of the Bank of Credit Commerce International (BCCI), accused internationally of history's biggest bank fraud, to the State Bank of India. Justice Jhunjhunuwala. approving the sale, said all depositors would get
    Reuter  -  145 words
  • Article
    Lock icon Poor German data expected but analysts say economy is stable
    488 26 Reuter BONN Data due this week are expected to show a fall in west German industrial orders as well as rises in inflation and unemployment, but this does not mean the economy is weakening again, economists said yesterday. Despite an
    Reuter  -  488 words
  • Article
    Lock icon M'sian plan to cane white-collar criminals sparks protest
    236 26 Reuter KUALA LUMPUR Malaysia, faccd with a rise in whitccollar crime, plans to canc those found guilty of it but the idea has outraged human rights groups and some government members of parliament. "White-collar crimes arc on the rise and present punishment
    Reuter  -  236 words
  • Article
    Lock icon Leading indicators point to flat US economy
    318 26 AP WASHINGTON The US government's chief economic forecasting gauge edged up a barely perceptible 0.1 per cent in June, signalling an anaemic performance ahead. The move in the Index of Leading Indicators, reported yesterday by the Commerce Department, followed a 0.4 per cent
    AP  -  318 words
  • Article, Illustration
    There's no need to mourn for the old ERM
    883 26  -  The Bottom Line VIKRAM KHANNA VIKRAM KHANNA The writer is BT's newly-appointed Regional Economics Editor. NOW that the blood has been wiped off the floor of Europe's currency markets and the likes of George Soros have made off with their millions,
    883 words
  • Article, Illustration
    Lock icon Christopher fails to advance M-E peace talks
    407 26 Reuter JERUSALEM United States Secretary of State Warren Christopher, warning against expectations of a breakthrough, failed in a meeting with Palestinians yesterday to advance Middle East peace talks. Palestinian spokeswoman llanan Ashrawi said the twohour meeting with Mr Christopher at the US Consulate
    Reuter  -  407 words
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  • Shipping Times
    • Article
      NYK-Thong Soon breakup sparks fear of impending trend
      414 27  -  By Dexter Lee SINGAPORE The breakup of joint venture shipping agencies in Singapore has begun. Nippon Yuscn Kaisha (NYK) and Thong Soon announced over the weekend that they have gone their separate ways the first two parties to quit after the Singapore
      414 words
    • Article, Illustration
      Lock icon Felixstowe workers accept pay cuts
      366 27 Lloyd's List LONDON Port of Felixstowe employees have accepted significant changes in pay and working arrangements. The effect could be reductions by as much as £2,000 ($4,780) a year for many men in high earning jobs. In a TGWU ballot, a 62 per cent response
      Lloyd's List  -  366 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1088 27 Page Col ABC Containeriine 12 1 Accord Group 8 1-3 Africa Container 1S 3 Ahrenkiel Liner 4 1/2 Alpha Feeders 6 1 ANL 3 1/2 APL 5 3-5 Appenship 18 3/4 Arabian Express 15 5 •ASCL 5 5 ASXCLShpg 15 2 Avant Shpg
      1,088 words
    • Article
      Lock icon Two more gas turbines arrive at Port Klang
      184 27 MBT KUALA LUMPUR TWO more gas turbines to be installed at the Kapar Power Station by Tenaga Nasional arrived at the North Port in Port Klang on Sunday morning. The turbines, GEC ALSTHOM Frame 6 from France, with a capacity of 35
      MBT  -  184 words
    • Article
      Lock icon Vietnam in talks to develop domestic fleet
      326 27 Lloyd's List LONDON Vietnam's stateowned shipping company Vinamarine has entered into talks with Japanese and European shipping firms over plans to develop a domestic tanker and container fleet. Nguyen Tuong, vice-direc-tor at the Ministry of Transport and Communications, said that the country needed
      Lloyd's List  -  326 words
    • Article
      Lock icon Shipments of copper to China likely to continue
      236 27 Knight-Ridder TOKYO Although copper imports to China are unprofitable at current prices, some shipments of metal from London Metal Exchange warehouses may continue as existing long futures positions are liquidated, say trade sources. Despite a weak domestic market, Chinese trading companies are
      Knight-Ridder  -  236 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        667 28 Vwset Voy No Berth Anwal Departure Vessel Voy Wo Berth Arrival iiprtw Juroflg Port SC1976G 03/08* P01A alongside 03 01/1700 BfiHunt fleeter 9314 18 9 alongside 0408/2300 Smar Satan SB222 P01B alongside 0308/2300 Om So**aa 15 "93 alongside 04 08/0700 Sir Vtntu/e 18E P03 alongside 0308/1500 Kmryu
        667 words
      • Article
        CONTAINER SCHEDULES
        1728 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Record Booking/Balance Rdts Ship Voy No Etb/Btr Period From To From Aa Uty 396 06 1800 2 03/1700 04/0659 04/0900 4 04/1200 04/1459 04/1700 Aci S»ar 77A 04/1600 1 03/1500 03/1659 03/1900
        1,728 words
    • Article
      THE SHIPPING GUIDE
      11296 36 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. LEGEND PN: ship calls at Penang after
      11,296 words
    • Article
      TRANSPORT DIARY
      660 43 COURSES Title: Jetty Operations Safety Seminar Duration: Aug 16-19 Organiser J S Shipping and Trading Pte Ltd Tel: For further details and application forms contact Trina or Mahani at tel: 223-6118 or fax: 223-9929 Title: Basic Principles of Shipbroking Chartering (SDF 50%) Duration: Aug 16 Oct 4 (8
      660 words
    • Article
      DAILY FREIGHTS
      305 43 The dry cargo freight market continued weaker but panamax demand and rates in the Pacific continued to indicate the opposite direction, brokers said. The Baltic Freight Index fell two points to 1.337 on Aug 2, with key Pacific grain routes marked up. Physical market brokers reported a number
      305 words
    • Article, Illustration
      Lock icon Wuhan: in the midst of China's heartland
      1275 44  -  Not many shipping lines now offer service to Wuhan. But plans to build a container terminal there and government efforts to boost the economy of the heartland may increase the Yangtze River port's allure. Richard Knee reports Richard Knee American shipper AS Gary
      American shipper  -  1,275 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon US panel okays proposals to boost airline industry
        330 46 Reuter WASHINGTON A special commission formed to try to revitalise the US airline industry formally approved recommendations on Monday which include cutting taxes and letting foreign carriers buy up to 49 per cent of US airlines. The panel, which also called for
        Reuter  -  330 words
      • Article
        Lock icon Boeing may have to cut output further
        379 46 UPI. SEATTLE Boeing Company may have to make deeper cuts in jetliner production if a key 60-plane order from Saudi Arabia does not go through, said reports on Monday. The Seattle Post-Intelligenc-er and the Wall Street Journal, quoting unnamed sources within the company,
        UPI.  -  379 words
      • Article, Illustration
        Lock icon Cargo flow paralysed as protest goes on
        457 46 Indian truckers' strike AFP NEW DELHI Cargo movement in India was virtually paralysed yesterday as a nationwide truckers' strike entered its third day. "Our strike remains total and complete," said a spokesman for the powerful All India Motor Transport Congress (AIMTC), which called
        AFP; Reuter  -  457 words
      • Article, Illustration
        Lock icon GM demands VW retract allegations of defamation
        294 46 NYT DETROIT The corporate espionage melodrama involving General Motors Corp, Volkswagen AG and German prosecutors moved to the executive suites on Monday with an overseas telephone conference between the car makers' chief executives, followed by a demand by GM that VW retract recent
        NYT  -  294 words
      • Article
        Lock icon PAL ordered to raise staff pay
        181 46 AFP MANILA The labour department said yesterday it has ordered Philippine Airlines (PAL) to raise the salaries of its employees by 3,600 pesos (SS208.80) over three years, settling a wage dispute that had threatened to cripple air traffic in June. The settlement, which was
        AFP  -  181 words
      • Article
        Lock icon Blame the tower for delayed flights in Beijing
        197 46 AP BEIJING Flight delayed leaving Beijing? It's become the rule rather than the exception over the past year, and yesterday's China Daily newspaper finally offered an explanation: an outdated traffic control system. The paper said Beijing's traffic control system has not been
        AP  -  197 words
      • LOG BOOK
        • Article
          Lock icon Airline seat covers pose problem
          83 46 Reuter KUWAIT Kuwait Airways Corporation (KAC) said on Monday it had a problem with its new seat covers, which are decorated with a pattern similar to the Arabic word for "Allah" or God. "The corporation is studying all possible options to solve the problem KAC
          Reuter  -  83 words
        • Article, Illustration
          Lock icon Nato warship arrives in Russia
          59 46 Reuter MOSCOW British Lt Commander John Drummond (left) and Russian Commander Igor Popov meeting after the British submarine Opposum docked in the Russian naval port of Severamorsk on Monday. The docking of the British submarine marks the first time a Nato warship has landed in
          Reuter  -  59 words
        • Article
          Lock icon Kansai airport to open next Sep
          54 46 Reuter TOKYO Japan's Transport Ministry will open the new Kansai International Airport in September 1994. It decided to open the airport after the peak July-August travel season to minimise any confusion arising from airport and airline stafT not being accustomed to the new facilities,
          Reuter  -  54 words
        • Article
          Lock icon Freighter sinks off Japan, 1 killed
          66 46 Reuter y TOKYO A Panamanian-flagged freighter sank ofT Japan's main southern island of Kyushu yesterday and one of its 20-mao crew died, coast guard officials said. The ship, the Fagus, was bound for Malaysia from the central Japanese city of Nagoye when the accident
          Reuter  -  66 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1363 46 cmj ra g» Ak« MMM GA895 1435 GA984 0150 KiMaU* SQ227 2230 Ajwman RJ182 1440 Amsterdam SQ319 0715 KL838 0020 KL831 0935 SQ324 2230 GA975 1455 K1832 2320 Mkmn SQ347 1735 Auckland NZ218 1820 NZ22 1935 SQ288 2025 Bafcrate GF149 0650 GA103/222 1015 8 Scri B«gawMi
        1,363 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      59 27 TfJf VITAL UK W MALAYSIA' Rad-Lmk Exprssa provxfea a lota* wvct 10 uv« your monay, nma and worry as datfvar your goali spaadrty and promptly to your daat nanona in our organised Malaysia road natworfcs Rail-Link Express (S) Pts Ltd T«4: 354-1223 Fax *****10 -3 OUR SERVICES.. Express Pmrcmi T
      59 words
    • Advertisement
      Page 27 Advertisements Column 2
      24 27 Unaaandsanrtcaaraproaantadby Mambara of tha Registry of AccradHad [f JKlft] Shipping Aganta, Singapore WggjMf) National Shipping Aaaociation fa advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      24 words
    • Advertisement
      Page 27 Advertisements Column 3
      24 27 Where is Wuhan? Pg 18 xlJk TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. SINGATORh Business Times WE KNOW ASiA
      24 words
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      Page 27 Advertisements Column 4
      31 27 nCARO^-RAK Ensure optimum protection for your cargoes during transport at low costs. FUJI TRADING (SINGAPORE) PTE LTD TR: *****55 FAX: *****43 Nod for proposals to boost US airline industry, Back Page
      31 words
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      Page 28 Advertisements Column 1
      459 28 TSKUNE AGENOES (S) PTE. LTD. rI 1 -m wrnrp Tel: 226-3363 fin J. •3*JV« I BIMr Fax: 226-1972/3 *7 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I ACX ULT 398 "02.00 "04.08 03.00 06.00 10LM 12.01 1718 1718 TOM TRtSTE 11/423 0100 UOO 1100 20.01 2100 ACX
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      1382 28 TO»fA»,.Tcyr(Kxy^.PAurww«OTsW) jq ,i-^I„. J AO LOTUS CAllfOW* JUPITIt 66 101 I 2*l JOS ISI 211 311 311 1» 21 4S I OCUNUS OSAAA I 2S/S3l I 11/ l I M/l I N/8 I 31/8 1/J I 3/J J/J S/J t/9 31,9 3/1 CALIFORMA PfCASUS 15 1(191 4S 99 IS SS
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      2062 29 BH,PP,N AGENC,EB pt??UNG^ N Tl A N 7^7^X W 0?:*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) FS TEL; *****6 BOOKINGS TEL: *****80 *****81/ *****82 'POH TEL *****3/4 FM*****6 CFS (PSA F5) TEL: *****21/ *****79 ?ohor EAHBIVTILO723I27O FAX- 07 *****9 CUSTOMER SVC TEL: *****92/*****91/*****93 JOHOR BAHRU TEL. 07-*****0 FAX. 07 *****9 CR
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      1778 29 ■Bimm FRANCE/ITALY/PORTUGAL/SPAIN/MOROCCO NEXT AVAILABLE SAILINGS LEISE MAERSK V.9308 ETA SIN 12TH AUGUST 93 SINGAPORE BAY V.5135 ETA SIN 14TH AUGUST 93 VMM! Voy ETA ETO FmD« by '^tT 0 destinations Tlm oe«k MAQLEBY MAERSK 9306 I— cv io/oa oeoo hrs CFS 09/06 2359 HRS JOH LPK PEN OAK LGB HOU
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      1647 30 AOABA R'DAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE U/CCT MALAYSIA ELBE 17/130 4/8 21/8 24/8 22/8 PoTt Krtang^efwnJ HANNOVER EXPRESS 15/330 7/8 16/8 17/8 25/8 28/8 30/8 1/9 Paslr Gudang THAMES 18/131 11/8 28/8 31/8 29/8 EAST MALAYSIA
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      Page 30 Advertisements Column 2
      564 30 p mm FCI Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vootochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea t Vietnam a Mongolia Hungary CSFR Poland ocT<a>Trctns AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BAT A Feeder Vessel ETA B*N
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      Page 30 Advertisements Column 3
      1370 30 I NORASIA" I NORA SI A SUN 9329-3 06/08 25/08 28/08 29/08 29/08 31/08 01/09 02/09 03/09 04/09 I I NORASIA PEARL 9330-3 12/08 01/09 04/09 05/09 05/09 06/09 07/09 08/09 09/09 10/09 I I ARABIAN SEA 331W 19/08 09/09 13/09 15/09 14/09 15/09 16/09 17/09 18/09 19/09 I |_CHINAJEAJ32W
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      2079 31 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 KeppeJ Towers Singapore 0208 Td: *****8S Fax: *****17 ISHrMimilWi Niw oummA pacific urn <A SUMCC OF china NAVIGATION CO> ACCEPTS VSKv" CAJtfiO DUE SM.S •AMH BROOKE WISE Muara. Lab. RK 05-06 Auc 07 Aug 01 Aug FCL, LCI COMTAMCX AMD MSAKMJLK
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      Page 31 Advertisements Column 2
      2723 31 SINGAPORE AGENT: PXtI 1 I AfltOirfeAl*C P4 Containers (Singapore Agencies) Pte Ltd Vk M. V\V/ 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 iT\ Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT VESSEL VOY "PNG ■NO MM ALO SOU AMT
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      861 32 1 INDONESIANAnONALLIN^^ Iyv w swi| ww/MM htmkl wool wmnT" I KUTAI *2888 315/1 I 2t/8 ~30,8 2/9 5/9 pTO AUST^ifir—' m- |R«a||PPj^jipg^ EAST COAST mn"" x y' ya. hoy nt stok syp ikib are fk mi MHO ASIA 52S 11/1 10/8 25/8 2i/t 22/8 MXO FEMASIA 573 15,1 lt/8 21/8
      861 words
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      Page 32 Advertisements Column 2
      2066 32 ©HANJIN SHIPPING] FOt VSI SM LM HAUL SEA PO* FDR VSI StTlllt HAUL SAV IM NYC HANJIN YOKOHAMA 047E 5/8 O«£CT 25/1 SK» HAMN YOKOHAMA 047E 5 8 M PROGRESS 027E 9/9 10/9 12/9 Mm ROTTtROAM 0231 12/8 OMECT 2/9 4/9 HAWI ROTTERDAM 0231 12/8 K LONGBEACH 044E l«/ 9
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      1396 32 d" Irl "T3"EH"I^ Irw w lit *tut fw wt os» ky sik m iu cn w ik in mm mm nr mg no cm m I l OUT KM2 3/1 kin I 11/1 11/1 lt/t 17/1 HI HI 21/1 23/1 3/9 IS/* 17/* U/* 21/* 2*/* 30* 1/11 2/It 12/
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      2331 33 CSSS3HHHHBHi^ ====:======B==SBBi Bl PLEASE CALL II I NEPTUNELINK (1800 *****00 TOLL-FREE) I FOR THE FOLLOWING INFORMATION: B I VESSELS ETA/ETD/EXCHANGE RATES/SHIPPING SERVICES/ HI •Wi FREIGHT CHARGES PAYABLE/STORE RENT CHARGES/ Bl AVAILABILITY OF DOCUMENTS FOR COLLECTION HI I *R1 Connecting C. Saturn Voy BSE In HKB 07/08/93 I *R2 Connecting C.
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      Page 33 Advertisements Column 2
      1133 33 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 ENQURIES: *****33 BLASCO ODESSA: *****51/*****31/*****13 INVENTORY: *****45 INWARD: *****81 OUTWARD: *****80 TRANSHIPMENT: *****78 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 CR NO: **********0/N
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      1863 34 H44 v AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (Cfl No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 WM* MALAYSIA "K" UNI MAMTIMt (MALAYSIA) SON IHO TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SAAANA LAUTINTEANUSA "EL: JKT *****08 f EXPORT N.
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      Page 34 Advertisements Column 2
      692 34 PHI LI-ORIENT LINCS PT€ LTD r 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 5 AUG SYDNEY, MELBOURNE. BRISBANE. FREMANTLE 10 AUG AUCKLAND. WELLINGTON. LYTTLETON, NEW PLYMOUTH. NAPIER. CHRISTCHURCH
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      Page 34 Advertisements Column 3
      447 34 /Wi GOLDEN LINEA guan guan shppwg %S>?\ (PTE) LTD 23. T«M Aym Siml 9HUTOH 0104 TO. ***** M (10 IMS) fa: *****44 (at n> wa—) mum/WMiAK gulf igna Spore P. Mans Pnung OMEN NAMES! Karachi/Data M PMT 601 OCT nM Karach, Mm 10/12 A* CHIMA KlflCT GOUXM NOOttA Clwu Ports
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      1014 35 (SSsnil PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I I CR NO: **********06 I IClHtll^Cl| j2l VTI I M M M '>« SC L VOY S|N JKT SIN I SINO MARINE 07N 7/8 10/8 14/8 BUmA 3423 Vvt ml $1 KOTA SABAB KSBIIN
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      Page 35 Advertisements Column 2
      1635 35 MSSELS I VOT I VW FEEDt* SPOM HMWM *OTTEM>AM AWTWPtf THAMES l£ HWW hue pi tucaiw nnm m m Q3/w os/oo ot/oo Q7/oo 00/oo W.U Pt CAHOfUS 0720W~ 14/ M M/M 11/09 12/00 13/ M 15/00 HUE DC WWBP WWW 21/ M WO9 10/00 ?0/(M 21_M 23/09 Will Pt MGA
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      Page 35 Advertisements Column 3
      376 35 BSfl A M MYANMA VSBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pan P.Gdf MTA-AN VI93W 07/10 Auf M PT BAGO V4OW 11/20 Au| PAGAN V2OOW 15/17 Auf MALAYSIA AGENTS. BOUSTEAO SHVPWG AGENCCS KIJL ID. 03-*****00 PAL: TEL 03 *****67 rot m o« *****5 psd
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      2361 38 Full Container Liner Services h*#,; m»»'> aims.Genera/ Agents; Bootaf Agents. Cuan Cum Shipping Sdn Bhd Chung Chiae Shipping Sdn Bhd P.T. Ctotal Fwtn litoiw flfaritiat Costar Shipping Pte Ltd shipping fotM twMn ceotre s* om 51 pmwm Ran mh* una lm 3.34, 3rd fjmt, j/. jno* ***** o-f 2 Mttri
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      674 39 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 09/08 ROTTERDAM 07/08 AARHUS/COPENHAGEN 09/08 HAMBURG/BREMEN 09/08 MARSEILLE/FRANCE 08/08 FEUXSTOWE/UK 09/08 BARCELONA/SPAIN 08/08 LEHAVRE/FRANCE 09/08 GENOA/ITALY 07/08 ANTWERP/BELGIUM 09/08 LOS ANGELES/WC/IPI 08/08 SYDNEY/MELBOURNE 10/08 NEW YORK/EC 08/08 FREMANTLE/ADELAIDE 12/08 VANCOUVER 08/08 BRISBANE 10/08
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      Page 39 Advertisements Column 2
      672 39 g^^^^RICHFIELMMRW^GEMCIt^S^T^T^I TEL: *****33 (12 Lin«s) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOV ETA LOAOtNG FOR SPORE ANDINET 31 we 22/04 OARESSALAAM MOMBASA ossutS ASSAB MASSAWA ABBAY WOHZ 37W0 23/09 DARESSALAAM MOMBASA CMSOUtT" ASSAB MASSAWA g KIEN
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      Page 39 Advertisements Column 3
      592 39 JAKARTA BANGKOK t I— w. I w 1 mm I- I wmvm I wp I NANA MM 107S M PI 7/1 MAHA MM IHN In Pt 4/8 Sun l/t 4 RAM BHUO4 6M t/0 10/1 MMI MM MA frt < 0 Mi GURU BHUM 202S 7/5 HTS OMCOM SEMTOSA 47W
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      Page 39 Advertisements Column 4
      375 39 X°l PONGNAMA LINE I wssri sn w h« k kc bs* NftATStt fiU»T V3MN S/S 9/S 11/1 12/S 22/1 25/1 HONaaNsa«T nm ivi iv« 17/1 21/1 31/1 J MMM V3MN 21/1 23/1 25/S 2C/I V 9 «/J t TULSDAS V3S9N 29/8 31/1 1/9 12/9 IS/9 SOUND THIAttAWVK* j Km sk
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      1842 40 fLABMN CONTAINER LINES ~IWV~n A 9ents: MAC-NELS SPORE: *****22 (24 LINES) v I\/ V Jr/a Mo; **********0E PENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 I HKG/TWN/BKK GOTH/UKB/MED PORTS PEN PKL SIN EVERY TUE/THUR/SUN PEN PK SIN 3/8 4/8 5/8
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      Page 40 Advertisements Column 2
      807 40 THONG SOON LINES PTE. LTD.I 78 SHENTON WAY #10-01, SINGAPORE 0207 TEL: *****88 FAX NO: *****11 TLX: RS ***** CARRIER. RS ***** JENHOt CABLE: TOSOCO CONVENTIONAL/CONTAINER BOOKING LINE: 227gg~ WNOAPOWE TO 4AIUWAH KSSEL VBT S'PttE KST VESSEL »0Y S'POtt PEST EQUATOR 111 96/3E 04 AUG KUCHING EQUATOR GRACE 94/3E 05
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      888 41 WgV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTHG SKAKBUK SOC CUfiOCS TO/FROM KOK. YOKOHAMA. NAGOYA. MO*. TOKYO*. MANILA" DAYAO* Penant* P. Keianj S«igapore E'Msia* KAMALEVERETT VI7E 23/24 Aug 25/26 Auf KARAB€VERETT VI3E 07/ M Sep 09/10 Stp IVYEVERETT V6E 23/24 S«p 25/26 S«p ACCEPTMG BKAKIUK/FCI/SOC CAAGOfS TO/FROM CHITAGONG. CALCUTTA AND
      888 words
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      Page 41 Advertisements Column 2
      306 41 181 GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELAN6/PENANG •AT ATTRACTIVE RATES' CR NO: **********0W SP PKL PNG KAO GLORY SELATAN VII 1/8 2/8 3/8 13/8 TIMBER TRADER V SP PKL HCM HK KAO GLORY SELATAN VII 8/8 15/8 GLORY SELATAN IX 3/8
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      Page 41 Advertisements Column 3
      610 41 PGSL -WORLDWIDE PANAMA —GLOBE STEAMERS LINES REGULAR FCL SERVICE TO THE FOLLOWING WEEKLY SAILING TO HUANG PU A SHANTOU Connecting Feeder to Huang PuSUI TUO CONTAINER NO 2 Connecting Feeder to Shantao LIAN BO NO 9 WE HV LEASING CONTRS FOR RENTAL SAILING TO PHNOM PENH' FORTNIGHTLY FCL/LCL SERVICE TO
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      477 41 iiuH»iii»iia FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN VESSEL SIN DURBAN P ELIZABETH SIN FENGSHUNSHAN V 47/48 19,08 05/09 OS 09 26/09 FENGANSHAN V 124 04/09 20/09 23/09 11/10 ALSO ACCEPTING TO JOHANNESBURG PRETORIA VIA DURBAN BOOKING AGENT FOR COSCO SIN TO MADRAS VESSEL SIN MOS SIN BRAVO SIS V324N
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      Page 41 Advertisements Column 5
      367 41 SIN FAR EAST 10/8 KEELUNG/KAOHSIUNG 7/8 BANGKOK 9/8 MANILA/CEBU 8/8 JAKARTA/BELAWAN/SURABAYA 8/8 PORT KELANG/PENANG/E. MALAYSIA 8/8 BUSAN 8/8 TOKYO/YOKO/KOBE/NGO/OSA 8/8 HONG KONG SIN CHINA (+m*±mmn) 8/8 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU XIAMEN /SHANTOU SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN /QINGDAO HAIKOU also accepting LCL cargo SIN EUROPE/UK 9/8 LDN/FLX/IVP/SOU 9/8 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/
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      729 42 HONG KONG/CHINA 2/8 5/8 JAKARTA 30/7 BANGKOK 31/7 7/8 MANILA 30/7 BUSAN 26/7 2/8 KEELUNG 4/8 11/8 TOKYO/KOBE 30/7 7/8 KAOSHIUNG 2/8 10/8 PORT KELANG/PENANG 30/7 7/8 YOKOHAMA 30/7 6/8 COLOMBO 3/8 11/8 FELIXSTOWE/HAMBURG 30/7 A 8/8 CHITTAGONG/MAORAS 2/8 10/8 ROTTERDAM/LE HARVE/ANTWERP 30/7 8/8 BOMBAY/KARACHI 2/8 6 10/8 BARCELONA. MARSEILLES.
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      309 42 y Conlerm CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 12TH AUGUST ACCEPTING TO ALL NEW ZEALAND PORTS PENANG 9 AUG PORT KELANG 12 AUG JAKARTA 8 AUG BANGKOK 7 AUG SURABAYA 13 AUG FRE MANTLE B AUG MELBOURNE 12 AUG SYDNEY 12 AUG BRISBANE 10 AUG I GOTHENBURG7 AUGI 'ACCEPTING TO
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      Page 42 Advertisements Column 3
      635 42 This Week's Sailings l^sr n,u< To: ETD To: ETD F,R ?su?warded Singapore Singapore ,so 9002 BY LR<M EVERY EVERY Bangkok SUN Jakarta SUN QDi EVERY EVERY Manila SUN Ho Chi Minh FRI (sfHji)l J— EVERY EVERY pHHa Colombo TUE Limassol THUR HTERNATWNM. SEA FREIGHT FORDAROMG Tel: Fax: LOGISTICS SERVICES 0*
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      Page 42 Advertisements Column 4
      128 42 I NIPPON EXPRESS Arrow International (Worldwide Consolidation System) WEEKLY TO: TOKYO/YOKOHAMA/NAGOYA/KAOSHIUNG/ HONG KONG/BANGKOK/K.EELUNG/KOBE/ LOS ANGELES (LONG BEACHVNEW YORK/ CHICAGO/SYDNEY/MELBOURNE/HAMBURG/ FELIXSTOWE/ROTTERDAM/DUSSELDORF WE ALSO DEAL IN FCL CARGO WORLDWIDE ARROW EXPRESS (SERVICE TO MALAYSIA) MALAYSIA TRUCK CONSOLIDATION Depart Singapore DAILY to K.L. BANGI. SHAH ALAM ARROW EXPRESS BONDED CONSOLIDATION Depart Singapore every
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      1289 43 LINE I SEMI-CONTAINERISED SERVICE EASTBOUND PORTS VOY BUENOS MONTEVIDEO! DURBAN fstNOAPORE MONO KONG KAOOBMMA I YOKOHAMA I VESSELS AWES*" N. KRUPSKAYA EBOI 31/07-07/08 08/ OB 21/08 04-08/0> 13/09 16-20/09 22/09 POLESSK EBO2 25 31/06 01/0> 13/09 27/09 02/10 QB-11/10 12/10 PCKABRIST EBO3 18-21/0B 22/09 08/10 19/10 24/10 26/10-02/11 04/11 PRIOZERSK
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  • Page 43 Miscellaneous
    • Miscellaneous
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      592 43 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 3.1 2.9 2.5 1.9 1.3 0.8 0.5 0.4 0.5 0.8 1.4 2.0 2.4 2.5 2.4 2.0 1.5 1.0 0.8 0.8
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      331 44 NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA VKjQW SXGAPORE 59N8 06/08/93 14/08/93 VIGOUR SWGAPORE 59ANB 09/08 14/o</93 W6OUR PACfIC 24M8 13/08/93 21/08/93 VIGOUR PACriC 24ANB 16/08/93 21/08/93 PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SUGAPORf PORT KLANG PEHAWG WWXKHMK mm 96/08/93 08/08/93 SWGAPORE 59W 06/08/93 08/08/93 VHXXJR
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      Page 44 Advertisements Column 2
      628 44 @APPENSHIP /2\ HAMBURG vTVy CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA ANO FAR EAST KSSEIS 10AWNG PORTS DISCHARGE 10ADMG FOR KAPITAN FOMENKO ANTW SLD SPORE 10/8 HARMONY SEA HAMBURG SLD SPORE. BKK 1/0 FLAG LEADER ANTW SLD SPORE. SHANGHAI KOALA CONTAINER LINE STORE FIX HAM ROT LEH
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      Page 44 Advertisements Column 3
      326 44 iL cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/00 Rotterdam Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.G. LOADING FOR: A VESSEL 15/00 10/00 Huangpu/Guangzftou COSCO FUU. CONTAINER SERVICE! (FCL/FCLi EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above
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      918 45 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE I VESSELS VOY PNA PKE I PGP I VESSELS VOT_ MN HTM ANT* LEH* HAM BRtj FEI NORASIA MALACCA 9325 A 03/08 04/08 05/08 H FRONTO 306W 09/01 27/01 27/08 21/08 29/08 29/08 31/08 MM ADVANCE 24A 10/08 11/08 12/08
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      Page 45 Advertisements Column 2
      477 45 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS nssi wi v n uc u tiuk m 11 «/i UAB mu N tl/l 11/ l UISMR If l/l l/l 12/1 w u I cbsmc tiuki n u/t IOCSJNM 21 11/ l W 11/ l ctsac CMLLIKU 27 11/
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      Page 45 Advertisements Column 3
      955 45 JEDDAH/UK/COKTNENT STORE CD STM KMK ITMM LEH '«N taMf C«|i Ft: HAMUttI (ffWSS IS J* 7/1 11/ l 25/1 a/l M/l 1/9 SWplw :tod UH dnkuta Mnt mi MM IMAMS 11/131 11/ l a/l 31/1 2/9 Mtwtan :to 4 Mm* MnMvO*.lkMi KM 03 331 23/1 1/9 4/9 1/9 1/9 I*
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      62 46 TECHNOLOGY I Tomorrow in Business Times ISUMH M.V. "SUN FLOWER" VOY.S Arrived 29th July 1993 Consignees of all damaged cargoes ex the captioned vessel are hereby notified that a general survey will be held on the sth August 1993 0900-1200 houn at FT 10. No fartfaa survey will be entertained
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      51 46 I TECHNOLOGY Tomorrow in Business Times Finnair Business Class Speed, Comfort and Space Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start to
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