The Business Times, 28 November 1990

Microfilm: NL17138
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Wednesday November 28 1990 75*
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  • NEWS SUMMARY
    • Article
      Shanghai Securities Exchange to open on Dec 19
      46 1 THE SHANGHAI Securities Exchange, the first computerised stock market in communist China, will open on Dec 19, the authorities said yesterday. The exchange is designed to complement the financial and technological special zone being developed in Pudong, Shanghai.
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    • Article
      Higher starting pay
      27 1 IN SPITE OF a projected slowdown, the construction industry is offering technical and supervisory workers higher starting pay and better fringe benefits Page 2
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    • Article
      Mixed signals
      24 1 THE SET-UP of Singapore Telecom's new subsidiary has picked up mixed signals from major players in the telecommunication equipment market Page 2
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    • Article
      Compromise with IMF
      20 1 MANILA has reached a consensus with an International Monetary Fund mission on broad policy issues Page 8
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    • Article
      Asian investment tip
      32 1 BUSINESSMEN should take advantage of opportunities in developing Asian countries, but with an eye towards the long haul and not quick profits, says a World Bank official Page 8
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    • Article
      Farm trade woes
      33 1 AUSTRALIA and New Zealand face tough times if they fail to strike a deal with the EC on farm subsidies at ministerial trade talks in Brussels next week Page 9
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    • Article
      Polish Premier quits
      24 1 POLAND'S Prime Minister and his Cabinet have resigned, citing lack of support for the region's most ambitious economic reforms Page 10
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    • Article
      US threat on subsidies
      30 1 THE US may boost subsidies of its agricultural exports should international trade talks fail to lower foreign trade barriers, its Agriculture Secretary has warned Page 11
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    • Article
      Intricate tale
      26 1 THE SANDPIT by Theatreworks is a tale of two lives, intricately entwined with each other, united by marriage but divided by mind Page 29
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    • Article
      Call for committee
      25 1 THE MARINE industry has been urged to form a steering committee to provide direction for its computerisation efforts. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      27 1 WALL STREET share prices opened higher yesterday with the Dow Jones Industrial Average up 6.93 points to 2,540.10 in the first five minutes of trading.
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    • Article
      Footsie higher
      62 1 SHARE PRICES progressed steadily in London at midday yesterday, helped by a shortage of stock and optimism regarding lower interest rates before Christmas, which dealers are said to be anticipating regardless of who wins the contest for the leadership of the Conservative Party. At 1200 GMT, the Footsie
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    • Article
      Kim Eng sacks desk
      27 1 KIM ENG Securities has sacked its entire sales desk in Hongkong in a shift of strategy from retail to corporate business Page 3
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    • Article
      Shangri-La moves in
      21 1 SHANGRI-LA is moving into Indonesia through equity stakes in three hotels in Jakarta, Surabaya and Bali. Page 3
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    • Article
      Breakthrough in China
      30 1 THE BANK of China is allowing foreign banks to open branches in Shanghai, the first such new branches outside the special economic zones since 1949 Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Tuesday Change BT-MGA 554.46 -3.12 Kuala Lumpur ....468.42 -3.08 Hongkong 2,998.94 +3.42 Tokyo 23,623.51 -139.35 Sydney 1,350.3 -5.1 Monday Change New York 2,533.17 +5.94 London 2,151.9 -18.6
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    • Article
      CURRENCIES
      19 1 Exchange rates US$ S$ 1.7070 Yen S$l.3253 MS SS0.6361 Money market rates Overnight 1/2% -I 3-month 5-5/8% -3/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix US$384.25 -USS2.80 Rubber S'pore Dec l54.75«/kg -0.75 M'sia Dec 243.00«/kg -0.50 KL Tin Turnover 54 tonnes +4 Spot M$ 15.66/kg -0.19 Crado palm oil Turnover 2,029 lots -836 Dec M$858/tonne -16
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  • Article, Illustration
    Chok Tong appointed as new Prime Minister
    684 1  -  New Cabinet to be sworn in tonight By Anna Teo PRESIDENT Wee Kim Wee yesterday appointed Mr Goh Chok Tong as Singapore's new Prime Minister, following Mr Lee Kuan Yew's tendering on Monday of his resignation from the office. "I have every confidence
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  • Article
    President thanks PM for 'selfless devotion'
    174 1 ACCEPTING the resignation of Mr Lee Kuan Yew, President Wee Kim Wee yesterday thanked the outgoing Prime Minister for his selfless devotion to Singapore during his tenure. "I speak for the people of Singapore in thanking you for your selfless devotion, over the past
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  • Article
    Lock icon Security Council agrees on text authorising use of force
    394 1 Agencies THE FIVE big powers on the U N Security Council reached broad agreement on Monday on a text authorising the use of force against Iraq but failed to set a deadline giving Saddam Hussein "one final opportunity" to withdraw from
    Agencies  -  394 words
  • Article, Illustration
    Koh Boon Hwee resigns from HP, joins Wuthelam
    419 1  -  By Amy Balan HEWLETT PACKARD Singapore managing director Koh Boon Hwee will head local tycoon Goh Cheng Liang's Wuthelam group from mid-January next year, confirming a Business Times report yesterday. A press statement from Wuthelam Holdings said Mr Koh will be appointed
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  • Article
    Lock icon Indon bonds issue
    73 1 Reuter INDONESIA'S largest pulp producer PT Inti Indorayon Utama is planning to issue a convertible bond on the international market. The company's president director Sukanto Tanoto yesterday told shareholders the US dollar-denominated issue would be listed in London and Luxembourg and total between US$lOO to $150 million.
    Reuter  -  73 words
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      215 1 lan/aack Infemationol Bldg Wisma Atria Tel 235 5325 Plaza Singapura ■v Tel 336 3429 U T MELWANI Aircraft Schedule 27 Money Market 25 World News 10, 11 Commodities 26 Regional News 8, 9 World Stock Markets 24 Cryptic Crossword 27 Regional Stock Markets 23 Editorial 12 SES 17.18 For market
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      Page 1 Advertisements Column 2
      15 1 Editorial, Pg 12 Assuming the mantle, Pg 13 A caring leader who listens, Pg 13
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      Page 1 Advertisements Column 3
      9 1 l N resolution recalls Korean War move. Pg 11
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      Page 1 Advertisements Column 4
      112 1 Tlj, BT in three sections today BT comes in three sections today: the main paper, which will be published in two sections, and Shipping Times. Make sure you get all three sections. PENTAX 9A<o3i&kMiEB With the most advanced pair of auto focus zoom cameras. The super slim compact zoom with
      112 words
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        More to be involved in QCC activities
        147 2 BY 1992, about 10 per cent of Singapore's workforce is expected to be involved in QCC activities compared with just over 6 per cent as of October this year, said Senior Minister of State For Education Dr Tay Eng Soon. The National Productivity
        147 words
      • Article
        Executive living cost
        170 2 SINGAPORE ranks eighth in terms of executive living cost among 16 cities in the Asia-Pacific and 52nd out of 89 cities worldwide, according to a report for autumn 1990 by the Corporate Resources Group (CRG). Japan's Tokyo and Osaka are the world's most expensive cities for executives,
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      • Article
        A very lucky man
        104 2 TRAVEL agent Lim-Soh Hoon Guan has won two return Singapore Airlines tickets to Brisbane in Australia at the Tourism Beat radio show. The radio programme, the first of its kind to be aired, is sponsored by the Singapore Tourist Promotion Board (STPB) for employees in the
        104 words
    • Article
      Higher starting pay for building professionals
      461 2  -  By Suzanne Soh TECHNICAL and supervisory workers in the construction industry are getting higher starting salaries in spite of a projected slowdown in business for the building sector next year due to the Gulf crisis. Besides higher starting pay, the construction industry is also
      461 words
    • Article
      Colombo aims for US$200m worth of investments
      282 2 THE Greater Colombo Economic Commission (GCEC), which is aiming to attract US$2OO million worth of foreign investments to Sri Lanka next year, will be holding a seminar here next week. The Dec 3 seminar is part of an investment thrust aimed at the
      282 words
    • Article
      Telecom Equipment picks up mixed signals
      378 2  -  By Malini Tambyah SINGAPORE Telecom's new subsidiary. Telccom Equipment, has drawn reactions ranging from fears of unfair competition to indifference among major players in the telecommunication equipment market. Manufacturers who supply equipment to Telecom say its entry into the market will lead to better
      378 words
    • Article, Illustration
      Dhanabalan launches land use information system
      249 2 NATIONAL Development Minister S Dhanabalan yesterday launched a computer system which will provide up-to-date information on land use as well as building and road planning. The first phase of the $36 million system, called the Integrated Land Use System (llus), will be implemented this
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      141 2 NO OTHER PRINTER IS CLEARER, QUIETER, QUICKER OR EVEN SMALLER 1 THAN THE CANON BJ-lOe. W j?fe-"- y>lMMliaW|||^p>Jfc»fcife|«*|MMHlß|M»gMMMMaMtt AND THAT'S ABOUT THE SIZE OF IT. For the users of PC's and laptops, The Canon resolution. And does it quickly and quietly; yet characters per second and has twice the resolution
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Kim Eng sacks HK sales team in strategy shift
      444 3  -  From Catherine Ong in HONGKONG KIM ENG Securities, Singapore's most international stockbrokerage, has sacked its entire sales desk in Hongkong in a shift of strategy from retail to corporate business. The "massacre", as one broker here called it, took place last
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    • Article
      Lock icon Companies with land in Klang Valley stand to benefit from industrial demand
      349 3 Bernama PLANTATION companies with large land banks in Selangor may benefit from the increasing demand for industrial sites in the Klang Valley, securities analysts in Kuala Lumpur said yesterday. One of them added that land banks were a
      Bernama  -  349 words
    • Article
      Lock icon Hong Leong buys 20.3pc stake in Nanyang Press
      195 3 Reuter HONG LEONG Co (Malaysia) Bhd said it has bought 6.7 million shares representing a 20.3 per cent stake in Nanyang Press (Malaysia) Bhd. The shares were bought on November 12, Hong Leong said in a notice of interest as substantial shareholder
      Reuter  -  195 words
    • Article
      Shangri-La to buy stakes in Indon hotels
      348 3  -  By Elaine Koh SHANGRI-LA HOTEL Ltd, after establishing a foothold in the Philippines, is now launching into Indonesia by taking minority stakes in three hotels which would cost US$352 million to build. The Kuok-controllcd group said yesterday it would take up 10 per
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    • Article
      AHL eyes more optical deals through new units
      149 3 LISTED Ambassador Holdings Ltd (AHL) has set up two new subsidiaries to expand further into the optical line, which it has identified as a suitable business to broaden its earnings base. Igcl Far East (IFE) was set up to handle the sale
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    • COMPANY BRIEFS
      • Article
        CityDev's new property holding subsidiary
        61 3 CITY DEVELOPMENTS Ltd has set up Allinvest Holding Ptc Ltd to hold properties for long-term investment. The new wholly-owned subsidiary was incorporated in Singapore on June 28, 1990. Allinvest Holding has an authorised capital of $25,000 divided into 25,000 shares of I each and a
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      • Article
        CPL share acceptances
        132 3 OCBC BANK, on behalf of Food Investments (SEA) Pte Ltd (FIPL), announced that as of yesterday it has received acceptances for 96.57 million Centrepoint Properties Ltd (CPL) shares representing 35.8 per cent of CPL's issued capital. These acceptances, together with the 123.43 million CPL shares held previously
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      • Article
        SES asks Summa for details
        68 3 THE Singapore Stock Exchange has asked Summa Investment Ltd to furnish details of how it financed its investment in Gladioli Investments Pte Ltd and the beneficial shareholders of Montien International Ltd. This is in connection with the announcement by Summa Investment on November 22, 1990,
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      • Article
        Tang I-Fang on OCBC board
        90 3 OCBC BANK has appointed Mr Tang I-Fang as a director with effect from November 27, 1990. The board of directors said that Mr Tang brings with him a wealth of experience in the field of business and industry. He is executive chairman of Wearne Brothers
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      • Article
        Kurnia Setia to seek KL listing
        57 3 KURNIA Setia Bhd, a 49.3 per cent-owned subsidiary of the Lembaga Kemajuan Perusahaan Pertanian Negeri Pahang (LKPP), hopes to be listed on the Kuala Lumpur Stock Exchange in April. Datuk Abdul Hadi Ibrahim, general manager of LKPP. said Kurnia Setia would submit its listing
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      • Article
        Listing of new Kamunting shares
        104 3 KAMUNTING Corp Bhd's additional 103,675 new ordinary shares of 50 sen each will be granted a listing and quotation on the KLSE from next Thursday. The shares will not be entitled to any dividend that might be declared and/or payable within the six months period
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      Page 3 Advertisements Column 1
      90 3 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS L o<>- <^> Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an
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      Page 3 Advertisements Column 2
      47 3 SHARP'BUSINESS ACTION 7he Choya shirt. For people ivho recognize a smart investment. -W CHOYA TOKYO-JAPAN A tollable at Daimaru, liftan Orchard, hetan Havelock, Sogo, Tokyu, Yaohan Orchard and Arrow Shops. Licensee and distributor. Apparel World (S) Pit Ltd lei *****88 Apparel World (\i) Sdn Bhd Tel: (03)*****90.
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  • Page 4 Advertisements
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      99 4 Connect lb A Full Range Of Banking Services, our new HHHHIM We are to addition to our Phoneßanking one SjBBT i^^^^^BHßHß^H| assist you in all your Phoneßanking transactions. your complete yourself valuable PHMH With our many are Exchange Rates Balance Loans to transfer Funds to settle other to a new
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  • REGIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Major corporate failure in Japan causes concern
      377 5 FT THE FAILURE of Kyowa Corp. a Japanese steel frame builder with heavy property exposure and outstanding debts of £590 million, has heightened eoneern that many small and mediumsized companies will fall victim to softening property prices and tighter controls on real estate
      FT  -  377 words
    • Article
      Lock icon Indon firm loses Perth resort deal
      118 5 AFP PLANS by an Indonesianowned company to buy one of Western Australia's major resort developments have fallen through, the property manager said. The Observation City complex, on prime oceanside land in the Perth suburb of Scarborough, was sold conditionally by the developer, Bond Corp,
      AFP  -  118 words
    • Article
      Lock icon Samsung group files suit to revive TV network
      407 5 UPI A NEWSPAPER publishing house owned by the Samsung group, one of Korea's top conglomerates, filed a civil suit on Monday seeking to revive a radio-television network it was forced to give away 10 years ago under pressure from military authorities. The
      UPI  -  407 words
    • Article
      Lock icon Toshiba lowers profit and sales forecasts
      268 5 Reuter TOSHIBA CORP has lowered its forecast for group net profit in the year to March 31, 1991, to 140 billion yen from an earlier 145 billion forecast and against 131.84 billion a year earlier. The electronics company also lowered its forecast for sales
      Reuter  -  268 words
    • COMPANY BRIEFS
      • Article
        Enviropace wins HK deal
        94 5 WASTE MANAGEMENT Inc said its Enviropacc Ltd unit has been awarded a 17-year contract by the government of Hongkong to design, build and operate a chemical waste treatment facility. Waste Management said the construction contract is valued at US$l25 million. The Hongkong government estimates the facility's
        94 words
      • Article
        NZ paper sacks half its staff
        98 5 ONE OF New Zealand's biggest evening newspapers, the Christchurch Star, said on Monday it was sacking 89 of its 193 full-time staff. Christchurch Star chairman David Stock said in a statement that 89 full-time staff and one part-time worker were being made redundant "in
        98 words
      • Article
        Coles Myer optimistic
        97 5 AUSTRALIA'S largest retailer Coles Myer Ltd said it is hopeful of improved profits in the year to July 1991 as long as the December shopping period is satisfactory. "Providing there are no major shocks, we are confident of a satisfactory unlike last year," chairman and chief executive
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      • Article
        Toyota is on top Down Under
        120 5 THE AUSTRALIAN subsidiary of Japanese car manufacturer Toyota Motor Corp has ousted Ford as Australia's leading car maker for the first time. Figures released on Monday by motor car industry statistician Paxus Corp Ltd showed that Toyota Motor Corp Australia sold 12,983 units in
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      • Article
        Summa to play a part in building bridge
        86 5 INDONESIAN firm PT Dhipa Madura Pradana, part of leading business group Summa International, will join four Japanese firms in building a four-km bridge in east Java. A company official said the building of the US$lOO million bridge between the city of Surabaya
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      • Article
        Alcatel unit wins telecom deal
        71 5 AUSTRALIAN government-owned Telecom Australia said it awarded French telecommunications group Alcatel NV a contract to supply digital exchange equipment for Australia's public telephone network. Telecom said it will buy the equipment from Alcatel's wholly-owned subsidiary Alcatel STC Australia between 1991/92 and 1993/94. The value of
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Laura Ashley sells Scottish unit
        86 6 i AURA ASHLEY Holdings pic said it had sold its subsiduny, Bryant of Scotland, to the unit's management for an undisclosed amount, in line with the group's policy of focusing on the core Laura Ashley brand. Bryant of Scotland is a knitwear manufacturer of luxury
        86 words
      • Article
        Grubb/Ellis REIT asset sale
        79 6 t iRUBB AND ELLIS Realty Income Trust said the proposed sale of a shopping mall asset has been delayed indefinitely, which could lower earnings and total assets in the first quarter of 1991. The previously announced US$lO.4 million transaction is being delayed by disputes with the
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      • Article
        AHP appeal denied
        94 6 I HE US SUPREME COURT has denied an appeal by an American Home Products Corp (AHP) unit seeking the dismissal of a product-liability lawsuit against it for the allegedly defective manufacture of its DTP vaccine. The suit seeks damages under state law for a Kansas girl who
        94 words
    • Article, Illustration
      Lock icon BskyB to start merging programmes from Dec 1
      279 6 Reuter THE newly-formed British Sky Broadcasting (Bskyß) will start merging the programming of its Sky and British Satellite Broadcasting (BSB) services from Dec 1. Bskyß was formed by a merger of News International pic's Sky Television and BSB in early November. BSB's
      Reuter; Punch  -  279 words
    • Article
      Lock icon Polly Peck injunction hearing delayed
      449 6 Reuter A NORTH CYPRIOT court has postponed until Dec 4 a hearing on an injunction blocking access to Polly Peck International pic units on the island to give fruit growers more time to oppose the group's request to have it lifted. "The lawyers of the
      Reuter  -  449 words
    • Article
      Lock icon Low margins and weak dollar send Bayer profits lower
      241 6 UPI CHEMICAL GIANT Bayer AG reported on Monday that its profits plunged 17 per cent in the first nine months of this year compared with the same period last year because of the weak dollar and low profit margins. Pre-tax group
      UPI  -  241 words
    • Article
      Lock icon Toyota set to build another factory in Kentucky
      370 6 NYT TOYOTA MOTOR Corp was expected to end months of speculation yesterday by announcing that it would build another car assembly plant near its existing factory in Georgetown, Kentucky. Toyota needs the additional production capacity to meet rising demand for its vehicles
      NYT  -  370 words
  • Page 6 Advertisements
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      281 6 GOOD IDEAS KEEP COMING UP Our Rotating Cassette can turn up big copier savings. IIA. g\ ROTATING I I CASSfTTt If J 7 We know how frustrating copying Non-stop copying for huge volumes. other features include: Dual Page Copy can be sometimes Photo Mode 151-step zoom from 50% to Especially
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  • FINANCIAL NEWS
    • Article
      Lock icon Foreign banks allowed in Shanghai
      240 7 Reuter THE Bank of China, China's central bank, has agreed to let foreign banks open branches in Shanghai, the first such new branches in the mainland outside the special economic zones since 1949, Japanese bankers said. But they said the banks would be restricted in
      Reuter  -  240 words
    • Article
      Lock icon China finding a new highway to credit
      518 7 Reuter THE SUCCESSFUL funding of a highway in China shows foreign banks have regained their nerve after last year's military crackdown in Beijing and are ready to lend to major projects in the country. But bankers in Hongkong say the cost of borrowing
      Reuter  -  518 words
    • SMALL CHANGE
      • Article
        Chase has no comment on unit sale report
        106 7 A CHASE Manhattan Corp spokesman would not confirm or deny reports that the bank has put its money-management business up for sale and is looking to find a buyer by year-end. The Wall Street Journal said Chase has put Chase Investors Management
        106 words
      • Article
        Bank of Boston cuts forex staff
        105 7 THE First National Bank of Boston in London, a branch of Bank of Boston Corp, has made 11 staff redundant from its foreign exchange division, Neville Flux, the bank's personnel manager, said. The bank will no longer act as a market maker in foreign
        105 words
      • Article
        Review of BNZ begins
        95 7 A REVIEW has begun of the troubled Bank of New Zealand (BNZ), New Zealand Finance Minister Ruth Richardson said. Speaking at a press conference, Miss Richardson said the review of the state-owned bank's operations was aimed at enhancing commercial performance and would take six months. The
        95 words
      • Article
        United turns in profit
        102 7 UNITED BANK has begun turning a profit, chief executive Des Hammond said. The former building society was taken over earlier this year by the State Bank of South Australia, which operates it as a subsidiary. United's operating profit after tax of NZ$lO.4 million in the quarter
        102 words
      • Article
        Pakistan to allow private banks
        115 7 THE NEW Pakistani government of Prime Minister Nawaz Sharif decided on Monday to allow private commercial banks, Finance Minister Sartaj Aziz said. He told a news conference "the decision in principle" had been taken at a meeting of Sharif's cabinet but that details would be
        115 words
    • Article
      Lock icon Overseas bankers expanding fast into US operations
      329 7 AP FOREIGN banks have been setting up shop on US soil in increasing numbers over the years, lending money to corporations, investing in government securities, even accepting deposits. Now, as many US banks retrench abroad and struggle with a slumping real estate market
      AP  -  329 words
  • Page 7 Advertisements
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      184 7 The best place for your company logo isn't always at the top of your stationery. I I 3M J f Wft 1810 0003 ■8 07/'? IV MiUiii d ffix its JSLi H iMif. pte iTP :»r Only the UOB VISA Business Card lets you put your company logo on the
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  • Page 7 Miscellaneous
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  • THE REGION 1
    • Article
      Lock icon Phillipines and IMF agree on policy guidelines
      545 8 AFP THE AQUINO government has reached a consensus with an International Monetary Fund (IMF) mission on broad policy issues, Finance Secretary Jesus Estanislao said on Monday. And President Corazon Aquino said earlier on the same day that structural reforms would shepherd the economy
      AFP  -  545 words
    • Article
      Lock icon Invest in Asia for the long haul, official urges
      375 8 AP BUSINESSMEN should take advantage of opportunities in developing Asian countries, but with an eye toward the long haul and not quick profits, a World Bank official said yesterday. "We hate to sec one-shot deals," said Yoshiaki Abe, a top official
      AP  -  375 words
    • Article
      Lock icon Indon group to go ahead with forestry project
      204 8 AFP AN INDONESIAN private company intends to proceed with its plan of developing a huge forestry project in the eastern Indonesian province of Irian Jaya. a forestry official said on Monday. Director General of Reafforestation and Land Rehabilitation at the Forestry Ministry,
      AFP  -  204 words
    • NOTE BOOK
      • Article
        Malaysia raises crude output to 650,000 bpd
        65 8 MALAYSIA has increased its national crude oil production to 650,000 barrels per day, to help countries facing crude oil shortage due to the Gulf crisis. Deputy Minister in the Prime Minister's Department, Datuk Wong See Wah said yesterday that Malaysia's willingness to help
        65 words
      • Article
        Tokyo aid for Manila
        45 8 JAPAN'S Cabinet yesterday approved plans to give the Philippines US$4OO,OOO in emergency aid to help recovery from Typhoon Mike, Economic Planning Agency Minister Hideyuki Aizawa said. Mike lashed the Philippines this month, damaging 310,000 homes and killing more than 300 people.
        45 words
      • Article
        Call for less extravagant homes
        80 8 INDONESIAN architects have been called upon to discourage the rich from building extravagant homes. "Architects must be able to educate and advise... the rich to have efficient houses and not to lead a luxurious life style," Home Affairs Minister Rudini said yesterday. Beverly Hills-style mansions
        80 words
      • Article
        Conservationists meet in Perth
        46 8 MORE than 1,000 scientists and policy-makers have con- verged on Perth, the capital of Western Australia, for a meeting of the world's largest conservation organisation. Debate is expected to focus on such topics as mining in Antarctica and how to protect wildlife.
        46 words
      • Article
        Musa on key to KL's success
        110 8 THE secret of Malaysia's success lies not in charity but in investments and trade, the country's special envoy to the U N, Datuk Musa Hitam, said. Addressing American businessmen in Wichita, Kansas, he added: "We are also proud and responsible enough as a member
        110 words
    • Article
      Lock icon Brunei's home ownership scheme spawning modern townships
      404 9 Bernama MODERN settlements are springing up in Brunei Darussalam, thanks to the government's aggressive home ownership programme. It has lately become one of several tangible benefits the citizens are enjoying from the abundance of petroleum that the sultanate is blessed with. The Lambak
      Bernama  -  404 words
    • Article, Illustration
      Lock icon Australia, NZ face tough times if farm talks fail
      603 9 Reuter AUSTRALIA and New Zealand, heavily dependent on agricultural exports, face tough times if they fail to strike a deal with the European Community on farm subsidies at ministerial trade talks in Brussels next week. The southern hemisphere neighbours are teetering
      Reuter  -  603 words
    • Article
      Lock icon Hongkong trying to stay on top of fur market, despite price fall
      538 9 AFP SUB-TROPICAL Hongkong, known for its hot, humid weather, is the world's top exporter of furs and is striving to keep that title, despite a persistent fall in the product's export value since 1987. The slump in value
      AFP  -  538 words
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      Page 8 Advertisements Column 2
      25 8 2 powerful facilities from the Internation; i Toll-Free Service that provide a competiti I advantage for international businesses 4 < Singapore Telecom Call us Wo connect
      25 words
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      Page 9 Advertisements Column 1
      21 9 powerful facilities from the International l-Free Service that provide a competitive dvantage for international businesses. Singapore Telecom Call us. VVo connect
      21 words
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      Page 9 Advertisements Column 2
      157 9 US may boost farm subsidies, Pg 11 srV ■i *5" <• O) CO <+ fv: o V* rm PNl (0 w <7 A Give round-the-world free access to your fax machine, around-the-clock. rAV. pQEE Now, you can capitalise on global opportunities, 24-hours a day. By offering a Fax-Free Singapore number,
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  • THE WORLD 1
    • Article, Illustration
      Lock icon Poland's Premier resigns following polls defeat
      436 10 Move attributed to lack of support for reforms AP POLISH Prime Minister Tadeusz Mazowiecki and Eastern Europe's first non-communist government have resigned after 15 months, citing lack of support for the region's most ambitious economic reforms. Mr Mazowiecki made the decision in Warsaw late
      AP  -  436 words
    • Article
      Lock icon Separatism threatening economy: Moscow
      424 10 Reuter SENIOR Soviet officials have presented the economic plan and federal budget for 1991 with a warning that separatism in restive republics could wreck the country's economy. The draft plan and budget, unveiled in the Soviet Parliament on Monday, paint a gloomy picture of an economy
      Reuter  -  424 words
    • Article
      Lock icon Plans for free-trade pact dominate Bush-Salinas talks
      330 10 AFP PLANS for a free-trade agreement dominated talks on Monday between US President George Bush and Mexican President Carlos Salinas de Gortari in Agualeguas, Mexico. "Both presidents are interested in pursuing the agreement as fast as possible and attach high priority to its
      AFP  -  330 words
    • Article
      Lock icon Prolonged Gulf crisis may choke global growth: report
      273 10 Reuter A PROLONGED Gulf crisis would choke economic growth worldwide by creating uncertainty that would drive up long-term interest rates and push down stock prices, Japan's Economic Planning Agency (EPA) said yesterday. A 502-page report on the world economy called for an
      Reuter  -  273 words
    • Article
      Lock icon Downturn for Tokyo corporate profits
      252 10 Reuter HIGHER interest rates, rising material and labour costs and slowdowns in the US and Japanese economies are dampening Japan's corporate profit growth after three robust years. Economists say the weak profit performance just reported for the six months to September presages more disappointments to
      Reuter  -  252 words
    • Article, Illustration
      Lock icon US may boost farm subsidies
      403 11 Yeutter brandishes a warning before final round of Gatt talks AP THE US may boost subsidies of its agricultural exports should international trade talks fail to lower foreign trade barriers. US Agriculture Secretary Clayton Yeutter has warned. The final round of the talks is scheduled
      AP  -  403 words
    • Article
      Lock icon UN resolution recalls Korean War move
      510 11 The Gulf Crisis Reuter THE PROPOSED resolution authorising force to end Iraq's occupation of Kuwait resembles one that the UN Security Council adopted in 1950 endorsing force to repel North Korea's invasion of South Korea. Neither actually mentions the word "force". But both give
      Reuter  -  510 words
    • Article
      Lock icon Update of Security Council efforts since invasion
      448 11 Reuter THE UN Security Council may authorise this week the use of force against Iraq. The 15-nation body has five permanent members with veto power the US, Soviet Union, China, Britain and France. Its 10 non-permanent members are Canada, Colombia, Cuba, Ethiopia. Finland,
      Reuter  -  448 words
    • Article
      Lock icon EC, US and Japan blamed for Gatt scepticism
      241 11 AFP THE EUROPEAN Community, the US and Japan are mainly responsible for the prevailing scepticism about the upcoming multilateral trade talks in Brussels, say several international consumer organisations. The International Organization of Consumers' Unions (IOCU) and the European Bureau of Consumers' Unions
      AFP  -  241 words
    • WORLD WATCH
      • Article
        South Korea and Japan agree on joint aid
        61 11 SOUTH Korea and Japan ended their first high-level ministerial talks in four years yesterday, and said they had agreed to co-operate in helping developing nations. Foreign Minister Choi Ho-Joong said the two sides agreed to consult with each other on economic investment
        61 words
      • Article
        Up to 3 m Soviets EC bound
        61 11 UP TO three million Soviet workers could start coming to the European Community next year, Italian Labour Minister Carlo Donat Cattin said on Monday. Chairing a meeting of European Community Labour ministers, Donat Cattin quoted Soviet authorities as saying the flow of Soviet
        61 words
      • Article
        Eastern bloc's outlook is bleak
        75 11 THE worsening economic crisis in Eastern Europe has touched off a wave of social unrest, as tens of thousands of workers despair of a better future after the collapse of communism. In Bulgaria, the former East Germany, Hungary and Poland, the pain of transition to
        75 words
      • Article
        Polling firm gains new foothold
        70 11 THE leading German polling institute, Infas, has spread its technical skills throughout eastern Europe, most recently to Poland, in helping to project winners in unprecedented democratic elections. It is yet another indication of the might a united Germany will have in the former Soviet bloc,
        70 words
      • Article
        Akihito reports to Sun Goddess
        61 11 EMPEROR Akihito on Tuesday visited the most important shrines of Shinto, Japan's native religion, to report his enthronement to his mythical ancestor, the Sun Goddess. The Emperor, after going through traditional purification rites, offered prayers at the main sanctuary of the Outer Shrine of the
        61 words
      • Article
        Record capital flow to S Africa
        57 11 A NET capital inflow into South Africa of some 1.5 billion rands ($598 million) in the third quarter of this year was the largest in seven years. Reserve (Central) Bank Governor Chris Stals said on Monday. The inflow more encouraging because it had occurred
        57 words
  • Page 10 Advertisements
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      Page 11 Advertisements Column 1
      81 11 PRIME INDUSTRIAL PROPERTY FOR SALE 100 E PASIR PAN JANG ROAD AAA LOCATION I MINUTES TO THE WORLD'S BUSIEST PORT I Strategically located within Quick Access to the wharf "Singapore Distribelt" Site/Building Details Situated between Getz 3/part 4 storey industrial Corporation building and building Boustead Marketing With 8 individual Strata
      81 words
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      Page 11 Advertisements Column 2
      66 11 H jfl Hp jfl IP <£(9. 2}{//lOflL PARIS g < -bf > 5. stainless steel/cold plated natch matching adjustable bracelet. cf(E distribution ftk ltd HoutKlU**: *002-07 VI ism a Atria Tel: 73-*****. Corners: Level I Halley's Departmental Store Level 2 Caleries I-afayette Liat Tower Level 1 Isetan Havelock Senirr Centre:
      66 words
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  • Article
    A man who willed a nation
    835 12 EDITORIAL THE smoothness of the political transition in Singapore, which culminates today with Mr Lee Kuan Yew handing over the premiership to Mr Goh Chok Tong, is entirely in keeping with the general orderliness and predictability of the Republic's affairs. It is nevertheless remarkable
    835 words
  • WHAT THE OTHERS SAY
    • Article
      A landmark agreement
      218 12 THE signing of the new water agreement between Singapore and Johore last Saturday marks the constructive relationship between Singapore and Malaysia and the strides nations can make in their ties if they have the political will to do so. The agreement and an accompanying pact on the
      218 words
    • Article
      The basis for good ties
      130 12 THE SIGNING of the new water agreement between Singapore and Johor is a clear indication of the good ties between the Republic and Malaysia. The attention is now shifted to a review of the price of water under the 1962 agreement. It is hoped that
      130 words
    • Article
      An ultimatum for Iraq
      116 12 THE UNITED States is not playing the Lone Ranger role it played when it intervened in Grenada and Panama. In the Gulf crisis, the US is now asking members of the UN Security Council to meet to talk about issuing an ultimatum for an Iraqi pullout
      116 words
  • REGIONAL VIEWPOINTS
    • Article
      Relations with Tokyo
      98 12 THIS WEEK'S visit to Japan by the Governor, Sir David Wilson, serves to underline the importance of relations with the Tokyo government. The high-powered nature of the delegation indicates that Hongkong is pulling out all the stops to impress its hosts in Tokyo and Saporo. It is
      98 words
    • Article
      Religious harmony
      79 12 THE MINISTER of Religious Affairs, Munawir Syadzali recently bared his views on a delicate but very important issue in Indonesia: the harmonious practice of different religious. The expression is usually shortened to "religious harmony," which does not quite fully encapsule what we in Indonesia have in mind. The
      79 words
  • Article, Illustration
    Lock icon Civilising human neighbourhood
    1100 12  -  Truly collective security could prevent the next crisis, says Shridath Ramphal Shridath Ramphal The writer is former secretary-general of the Commonwealth IHT However much the instincts of yesterday call us back to old nationalisms and unreconstructed sovereignty, the present reality is that the world has become a
    IHT  -  1,100 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      51 12 DOONESBURY by garrv trudeau HEY, UJHAPS THE UUL, SW, MAYBE THAVS BE- ITCOUU? BE NORXr/\\ l\ VEAH.UEIL>p/ HEY, IS DEAL,DOC? IDOtfT CAUSE NOOOP/IN THE; GROUP EtSEHASEVER JfSj lAISCJUST ANYONE S&M TO 8E GETTIN6 CAN RZALVY RELATE TO YOUR HAPA PROJECT [I GOT OURNEP tqqi BUT HE MUCH 5/MPATHY IN if
      51 words
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  • ANALYSIS
    • Article, Illustration
      Assuming the mantle
      1689 13  -  The most visible legacy of Mr Lee Kuan Yew is the economic miracle that is Singapore today. For Mr Goh Chok Tong, who becomes the Republic's second Prime Minister this evening, economic growth will remain a top priority amid new emphasis on the softer, socio-cultural, face of
      1,689 words
    • Article
      A caring leader who listens
      1044 13 HIS consensus-seeking style of leadership was evident even as a corporate manager. But what endears him most to friends and colleagues is his highly personable, affable nature. Neptune Orient Lines chief executive officer Lua Cheng Eng described the management style of Mr Goh Chok Tong,
      1,044 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      244 13 ■jL s '■K&^^^^Nj^HHH^S^Bt -r ™j v"~- vv -^>^f A The perfect resort opportunity for anoffshore investor. Coffs Harbour is a 40 minute jet flight north of The championship golf course which, when Sydney. It's also one of Australia's fastest growing completed, will rank amongst the country's finest, was tourist areas,
      244 words
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  • FOCUS
    • Article, Illustration
      Lock icon Matsushita evens the film score with trendy Sony
      589 14 Matsushita's strategic buyout of MCA Ltd is an attempt to emerge from the shadow of its smaller rival Sony Reuter WITH its record buyout of MCA Ltd, Matsushita Electric Industrial Co Ltd has evened the score in its long-standing rivalry with Sony
      Reuter  -  589 words
    • Article
      Lock icon No changes expected at MCA
      333 14 Reuter Matsushita Electric Industrial Co Ltd's purchase of MCA Inc is likely to leave the entertainment giant largely unchanged, just as other Hollywood studios acquired by foreign buyers have been left to their own devices, analysts said. "The consumer still votes. (The new owners) can
      Reuter  -  333 words
    • Article
      Lock icon The legacy of the Edison of Japan
      440 14 UPI Matsushita Electric Industrial Co, the new owner of US entertainment giant MCA, is the crown jewel of a family of companies founded by the man known as the Edison of Japan and the god of Japanese management. The late Konosuke Matsushita, a
      UPI  -  440 words
    • Article
      Lock icon Mega-deals are few and far between
      171 14 Reuter Matsushita Electric's buyout of Hollywood's MCA Inc bucks a trend towards smaller, less publicised overseas investments by Japanese firms, acquisition experts say. "There certainly aren't a lot of transactions like it brewing on the horizon," said Mr Jonathan Colby, a general partner at
      Reuter  -  171 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      1159 14 jgi||. University of California, Berkeley TIMESC ENCES IWJi and Times Conferences W Tim— PubMthlng Group present Gw multinational corporations and their marketing policies; entrepreneurship: modernization of China and its implications for business and marketing in management Sb are cntl in t y s w w g~\ w wx a China;
      1,159 words
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      Page 14 Advertisements Column 2
      71 14 Mobil at METALASIA9O Lucky Draw Results Ist prize Mr P. Rajesh/*****87 Radiant Progress Sdn Bhd 2nd prize Mr Chuck Lim/*****94C FAG South East Asia Re Ltd 3rd prize MrTonyl.ee/*****17E Rubyoon (S) Pte Ltd 4th prize Mr James Tan/*****94E Stewart Engineering Services Special Company Prizes NATSTEEL Ltd Nam Lee Industries Re
      71 words
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  • SPORTS 1
    • Article, Illustration
      White beats Wattana but hungers for more
      347 15 JIMMY WHITE beat Thai star James Wattana to reach the quarter-finals of the UK Championships but is still a frustrated potter. White desperately wants to win one of snooker's two major prizes and the failure was more on his mind than celebration after
      347 words
    • Article
      Lock icon Five ex-East Germans in new squad
      354 15 Reuter BERTI VOGTS has named five former East German players in his squad to face Switzerland next month in the first all-German soccer team to play an international match since unification. German team chief Vogts included Matthias Sammer, Thomas Doll, Ulf Kirsten and Andreas
      Reuter  -  354 words
    • SIDE LINES
      • Article
        Holyfield seeks injunction
        139 16 HEAVYWEIGHT champion Evander Holyfield was to ask for a preliminary injunction yesterday forbidding the World Boxing Council from stripping him of his title when he defends it against former champion George Foreman on April 19. Foreman is also a party to the suit, in which lawyers will
        139 words
      • Article
        Tournament to return
        83 16 THE US$l-million IBM/ATP World Doubles tennis finals will return to Australia next year despite disappointing attendance at last week's inaugu.al event. Organisers said yesterday that an estimated 1,500 spectators watched round-robin action on each of the first three days with 3,500 in attendance for Sunday's final, in
        83 words
      • Article
        Flying Finns crash
        81 16 FLYING FINNS Pentti Airikkala, Hannu Mikkola and Markku Alen had their wings clipped on Monday as all three crashed out of Britain's RAC Rally in Harrowgate. The tripleexit left Spain's Carlos Sainz at the top of the leader board and on course for a fitting finale to
        81 words
      • Article
        Benn keen to fight
        73 16 NIGEL BENN wants an immediate chance to win back the World Boxing Organisation middleweight title he lost to fellow Briton Chris Eubank last week. Benn's manager Ambrose Mendy said in London that the fight offers Eubank the chance to earn three times as much as any
        73 words
      • Article
        Minority membership issue
        121 16 A GARY, Indiana, legislator is drawing up legislation that would require the state's country clubs to disclose how many black and Hispanic golfers apply for membership and how many are accepted. A law that would deny liquour licenses to clubs that exclude minority applicants from membership goes
        121 words
      • Article
        Davies wanted
        74 16 JONATHAN DAVIES of Widnes, the former Welsh rugby union captain, is a wanted man by Australia's top rugby league clubs. Canterbury Bankstown has already made Davies an offer while several other clubs, including Sydney St George who made an approach to the Welshman last season, are showing an
        74 words
      • Article
        Dhaenens for Panasonic
        77 16 WORLD cycling champion Rudy Dhaenens of Belgium said on Monday that he has bought his way out of his contract with Dutch team PDM and will move to rival Dutch outfit Panasonic at the end of the year. Dhaenens and PDM had been negotiating a salary increase
        77 words
    • Article, Illustration
      Lock icon Tussle for world supremacy
      420 16 Australian Open AFP GREG NORMAN and Nick Faldo resume their tussle for world golfing supremacy in this week's Australian Open on a course described as humourless and unforgiving. The two golf titans opposed each other in last weekend's Skins Game at La Quinta. California. Now it's
      AFP  -  420 words
    • Article
      Lock icon Bird leads attack against Heat
      287 16 AP LARRY BIRD led a balanced Boston attack with 21 points, 14 rebounds and 11 assists on Monday night as the Celtics coasted to their seventh straight victory, a 118-101 decision over the Miami Heat, in Connecticut. Kevin McHale and Kevin Gamble each added 20
      AP  -  287 words
    • Article, Illustration
      A fight to the bitter end
      712 16  -  Shirish Nadkarni profiles the contenders for the chess crown Shirish Nadkarni ONE BALD statistic provides an inkling of just how closely matched are the two players battling it out for the world chess crown. Reigning champion Gary (alias Garrik) Kasparov and the man he
      712 words
    • Article
      Lock icon New South Wales goes down to NZ
      273 16 Reuter. AFP NEW ZEALAND cruised to an easy victory by seven wickets over Sheffield Shield holders New South Wales in a one-day match in Wollongong yesterday. The touring side scored 131 for three off 33.4 overs in reply to the New South Wales
      Reuter.; AFP  -  273 words
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      Page 15 Advertisements Column 1
      1061 15 t REPUBLIC NEW YORK CORPORATION Parent Company of REPUBLIC NATIONAL BANK OF NEW YORK Head Office 452, Fifth Avenue, New York, NYIOOIB Singapore Branch 143, Cecil Street #01 -00, GB Building, Singapore 0106 Telephone: *****77 Telex: RS ***** Fax: *****69 CONSOLIDATED STATEMENTS OF CONDITION CONSOLIDATED STATEMENTS OF INCOME (In Thousands)
      1,061 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      201 16 WflSftPi 1 LLijliil' H a gßiira A w I■■ I JLiIHIIIUB HENDERSON INDUSTRIAL PARK NEW PHASE Terrace Factory with innovative facilities f§ Three-in-one concept warehouse, S Individual covered loading and showr<x)m and factory under one root unloading bay lor all-weather Each four-storey terrace factory unit with operations an area of
      201 words
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      Page 16 Advertisements Column 2
      33 16 y a pigment 1 > 9sMEOTL fSIQ«SWIt <£>* paper copy tax I j At last, an all-purpose highlighter that works on all types of paper including carbonised and fax paper. ORANGE/"'•{ RED BLUE GREEN YEUOW/^
      33 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Increased Gulf tensions deter investors
      4567 17  -  By William Chia THE Singapore stock market closed slightly lower in dull trading yesterday. Brokers said heightened Gulf tensions, rising oil prices and an absence of clear leads from major overseas bourses deterred buying interest. Active trading in re-listed UIC shares provided some excitement. UIC
      4,567 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4001 18 Main Board UOI 229 +20 +9.6% ANA Hotels 200 +19 +10.5% UOB Foreign 575 +10 +1.8% FELS 50" 510 +10 +2.0% Roth Inds 50* 418 1-8 +2.0% BAT 22* 366 +6 +1.7% DBS 920 +5 +0.5% F&N 675 +5 +0.7% OUE 530 +5 +1.0% Prima
    4,001 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      172 19 Company Oate Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend (000) (cents) °/o Pente» No* 26 lun 90 $3.306($1.26le) 7 6(68) !2IE( S8S Nov ?1 lun 90 $2928(13 307) 115(129) 7(1) labec Merlm Nov 13 lun 90 M$l5.98ll($44 5401) I M Glass No*
      172 words
    • Article
      PRELIMINARY RESULTS
      150 19 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend (OOO) (cents! Times Pub Nov 23 Aug 90 S45.408lJ37.328) 230(19 3) 10(99) Msidn Oxygen Nov 21 Sw 90 M$38.140(131.062) 31 6(275> 46.3|tl«) SPH Nov 9 Aug 90 $194,085(5135 420) 54 8(38.8) 35h(?5) I
      150 words
    • Article
      INTERIM RESULTS
      261 19 Company Date Hill-year Group pre tax nt rim ann to profit/loss (L) dividend (000) HIP Hldgs Nov 26 Sep 90 $980($619) )C MPH Nov 26 Sep 90 $3.007($11.607) MAS Nov 26 Sep 90 M$19/.812(S86.205) B Sembawang Nov 22 Sep 90 $724<S1U67) »<20) Golden Hope Nov 21 Sep 9C
      261 words
    • Article
      CORPORATE DEVELOPMENTS
      504 19 Singapore Aerospace has set up two fund management and leasing units l/isiontech Investment Pte Ltd and 50% owned Asia Pacific Aviation Leasing Pte Ltd Singapore Land agreed to buy a block of shares and convertible unsecured loan stocks of Marina Centre Holdings (MCH) and of one of the
      504 words
    • Article
      DIVIDENDS ANNOUNCED
      607 19 Current Ex Books Date Total for Total for payment date close payable the year last year MS8 10% (b) lap 4 lan 18 t in 28 Amal Steel l?6%(b> Nov 29 Dec 13 "an 21 12 6° Art ah 6%(b> No* 12 Dec 6 Dec 28 6" b
      607 words
    • Article
      RESULTS DUE
      589 19 Singapore Stocks Last Full Year Company ?»nod Date Vear Net EPS Gross Net airomced endftf (cents) ckv profit last rear (J'000) I eonj Huat Interim Mar 30 Dec 89 5351(h) Spare land Final Nov 3 A u g 90 6 4(a) 75(a) 15.842 CMB Packapif Interim Nov 13
      589 words
    • Article
      APPROVED ISSUES
      288 19 Company Rights Issue CUM Five tor tour <r, MJ4 00 per sh3re Ei-date: Nov 23 Books close Dec 7 Acceptance Payment NYA Emte» One for one ft M$I 00 per share E«date Nov 5 Books dose Nov 19 Acceptance 4 Payment Dec 31 M Bai*ng One (or two
      288 words
    • Article
      PROPOSED ISSUES
      464 19 Company Rights Issue i Mean Onetorlwo <, MSI 00 per "tiare Issue of 40m Cumufalrce Redeemable Preference Shares of M$0 10 each at M$l p"r '•hare with !0m delachjtte ISR RoMon One-tor low Ml' II y share j C.iusewav In* three lot four (<> S060 per share fACB
      464 words
    • Article
      BONDS, LOANS & WARRANTS
      721 19 BONDS, LOANS WARRANTS Company Conversion period Conversion term for one ordinary share CtC Nt Betore 26 4/93 I warrant plus (3 09 cash Causeway loan Causeway Nt 2/10/89 to 20/10/94 1 warrant plus $1 cash or 1 warrant plus II nominal amount of loan stock Chuan ft*) Notes Chuan Hup
      721 words
    • Article
      RECORD HIGHS & LOWS
      118 19 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 hide *****3 (16/7/90) 1«0 h* 1607.12 (27/3/90) 1990 low; ***** (09/11/90) 1990 far 1079.50 (11/10/90) 1989 lifh: *****0 (28/12/89) 1989 l*t 1487.76 (26/12/89) 1989 tow. ***** (4/1/89) 1989 1nr. 1030.69 (4/1/89) 1988 hfclt 1043.86 (8/8/88) 1*1 M* 1177.87 (8/8/88) 1988
      118 words
    • Article
      COMPANY MEETINGS
      244 19 Cold Storage Hokfinfs Ltd: AGM at Le Mertdten Singapour, Lafite (Level 3), 100 Orchard Road, Singapore 0923 on Wednesday, Nov 28, at 12 noon. Boustead Hohfenp Bhd: 29th AGM at Menara Boustead (28th Floor), 69 Jalan Raia Chulan, ***** Kuala Lumpur on Wednesday, Nov 28, at 12 noon.
      244 words
  • Page 19 Advertisements
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Investors remain on the sidelines on Gulf fears
      3744 20 Bernama, Reuter SHARE PRICES in Kuala Lumpur closcd lower in dull trading yesterday as investors remained sidelined amidst concern over the Gulf crisis. The KLSE Composite Index cased 3.08 points to 468.42 while the Industrial Index was 7.28 points lower at 944.96.
      Bernama,; Reuter  -  3,744 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      346 20 NOTICES ADVERTISEMENT FOR CREDITORS la the nutter GOLDEN UNIVERSE (SINGAPORE) PTE LTD (la Member*' VMutary UqiMattea) Ami la the matter tt the Cempaales Act, Cap. M Notice is hereby given that the creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before the 28
      346 words
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      Page 20 Advertisements Column 2
      227 20 I SEMBAWANG SHIPYARD LIMITED I (Incorporated in the Republic of Singapore) I TO: ALL LOAN STOCKHOLDERS I 5550,000,000 LOAN STOCK 1989/1994 I NOTICE IS HEREBY GIVEN in respect of the following I LOAN STOCK INTEREST I 1 Pursuant to the terms of issue of the 5550,000,000 1.25% Unsecured I Loan
      227 words
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  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Afternoon rally recoups early double-digit losses
      2114 21 UPI, Reuter SHARE PRICES on the Hongkong Stock Exchange posted slight gains yesterday in very thin trading after an afternoon rally wiped out dou-ble-digit losses earlier in the day. The lacklustre trading was caused by uncertainty over the Gulf, dealers said. The benchmark Hang
      UPI,; Reuter  -  2,114 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      158 21 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap
      158 words
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      Page 21 Advertisements Column 2
      102 21 FOR WHO, WHAT, WHERE AHD WHEH IN THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends in
      102 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Weaker yen, profit-taking send stocks lower
      2248 22 Reuter TOKYO stocks yesterday closed lower on a weaker yen and profit-taking as the market retreated from gains that were made on Monday on belief that interest rates are on their way down. Index buying and renewed expectations of lower rates in the afternoon
      Reuter  -  2,248 words
  • Page 22 Advertisements
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  • REGIONAL STOCK MARKETS
    • Aussie shares finish lower in dull trade
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        339 23 NOV 26 Index In local currency day year change change In S$ day year change change In USJ S day year change change World JEAFE Europe Pacific Far East 351.1 468.6 368.9 770.8 1000.5 -0.1 0.0 -1.3 1.0 1.1 -24.5 -31.2 -18.1 -39.1 -40.0 -0.7
        339 words
      • Article
        AUSTRALIA
        916 23 AUSTRALIAN SHARES yesterday limped to a lower elose in listless trade highlighted only by a bounce in News Corp stock carried over from interest in New York overnight. The All Ordinaries Index closed 5.1 points easier at 1350.3. Brokers said most indices were weak except mining and oil which
        916 words
      • Article
        INDICES & TURNOVER
        96 23 INDICES TURNOVER Clow No* 27 Previews SYDNEY Ml Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1350 3 ***** 817 2 59.95 1.355.4 2.049.6 818.7 61.68 -5.1 -10.2 -1.5 -1.73 BANGKOK SET Index Turnover (million) 592.60 37 935 601.85 NA -9 25 JAKARTA Composite Index Turnover (nearest '001))
        96 words
      • Article
        TAIPEI
        386 23 TAIWAN STOCKS closed lower after an unstable day that saw the market's overall downward trend broken by brief bursts of bargain-hunting, dealers said. The weighted index fell 196.54 points, or 4.3 per cent, to finish at 4,386.32 compared with Monday's 4,582.86 close. Turnover was NT567.7 billion against NT573.69 billion.
        386 words
      • Article
        SEOUL
        888 23 SEOUL STOCKS closed higher in volatile trade mainly on institutional buying yesterday, and brokers said unfounded rumours that the presidents of North and South Korea would meet in December encouraged investors in early afternoon. The composite stock index closed at 687.27, up 6.71 points from the close on Monday.
        888 words
      • Article
        MANILA
        540 23 PHILIPPINE SHARES fell in nervous trading yesterday, in reaction to a UN resolution authorising the use of force against Iraq, brokers said. Substantial losses in blue chip commercial/industrial issues and profit-tak-ing in oils depressed the Manila Stock Exchange composite index by 23.58 points, or 3.7 per cent, to 610.62.
        540 words
      • Article
        NEW ZEALAND
        269 23 SEVERAL FACTORS combined to sideline buyers and send the New Zealand share market sharply lower yesterday, with the extent of the fall surprising brokers. "There was a fair absence of buying interest," said Paul Nicolson of Buttle Wilson. Brokers cited poor results from Air New Zealand and Wilson
        269 words
      • Article
        BANGKOK
        594 23 THE STOCK Exchange of Thailand Index fell 9.25 to end at 592.60 on a turnover of 37,935,434 shares worth 1,624.15 million baht. The Bookclub Index dropped 8.56 to 518.59. Bangkok Baht VolCOO) American Standa Asia Credit 84 3 5137 Asia Hotel 65 22 Asia Sec. Tradi 56 2 *****
        594 words
      • Article
        JAKARTA
        557 23 SHARES on the Jakarta Stock Exchange crept down as stocks moved in dull trade in a narrow range yesterday. The BT index fell 0.72 points to 627.31. Tyre cord maker Branta Mulia was relatively active, falling to 7,500 on the big board, before recovering to closc down 300 rupiah
        557 words
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  • WORLD STOCK MARKETS
    • Late-session recovery sends Dow higher
      • Article, Illustration
        NEW YORK
        986 24 WALL STREET'S blue chips ended slightly higher on Monday, aided by bargain hunters who swept into the market when stocks were showing steep losses on soaring oil prices and growing war jitters. The Dow Jones industrial average closed up 5.94 points at 2,533.17. In the broader market, the
        986 words
      • Article, Illustration
        LONDON
        875 24 UK SHARES were steady at moderately higher levels yesterday, but volume was slim on a lack of economic figures or corporate results to boost trade. "The market has stabilised and we're not going to see much change this side of the Wall Street opening," said one dealer. The UK
        875 words
      • Article
        FRANKFURT
        203 24 GERMAN share prices ended sharply lower in thin, uncertain trade yesterday amid continued pressure stemming from worries about war in the Gulf. Dealers said investors had already begun moving to the sidelines on Monday in view of the US effort to win a UN resolution authorising the use of
        203 words
      • Article
        BRUSSELS
        219 24 BELGIAN SHARES closed lower in thin trading on Monday, with the main stock market index falling one per cent. Traders said renewed uncertainty about developments in the Gulf kept investors sidelined. Volume was a low 381 million francs. The main forward market index fell one per cent to 5003.29
        219 words
      • Article
        ZURICH
        340 24 SWISS SHARES closed broadly lower at a new year-low on Monday as rising fears about a war in the Gulf depressed blue chips, dealers said. Overall volume was moderate but buying interest was virtually non-exis-tcnt. Wall Street's opening losses triggered some additional selling late in the session. "The whole
        340 words
      • Article
        JOHANNESBURG
        385 24 A SHARP RALLY in mining shares, which dealers attributed to a dramatic retreat in the volatile financial rand from its recent highs and firm precious metals prices on Middle East jitters, sparked a broad stock market advance on Monday. The JSE all-gold index closed over 80 points higher at
        385 words
      • Article
        AMSTERDAM
        254 24 DUTCH SHARES ended a slow session on Monday depressed by mounting anxiety about a possible war in the Gulf as UN Security Council members discussed an ultimatum for Iraq to withdraw from Kuwait. The CBS-tendency index closed 1.8 points lower at 94.8, in line with German and British share
        254 words
      • Article
        MILAN
        206 24 RENEWED TENSION in the Gulf and concerns about the domestic economy drove Italian shares lower on Monday, and the MIB index slid 1.85 per cent to close at a new 1990 low of 743, brokers said. The government's plan to tax capital gains and rumours that some operators may
        206 words
      • Article
        TORONTO
        200 24 TORONTO STOCKS reversed themselves from early losses on Monday and closed on the upside following a recovery in US bonds, dealers said. Oil prices soared on news the US is pushing the UN to authorise a deadline for Iraq to withdraw from Kuwait. The Composite Index rose 9.2 to
        200 words
      • Article
        PARIS
        239 24 THE REAWAKENING of anxieties about possible armed conflict in the Gulf and a surge in crude oil prices drove French share prices sharply lower, traders said. The CAC-40 index fell 2 per cent, or 32.82 points, to end at 1,607.24. "Over the weekend, people seemed to have refocused on
        239 words
      • Article
        Untitled
        42 24 Vienna No* 26 Asch Akg Holding 3600 unch E Allgem (Pref) ***** +350 Jungbunzl 8150 +50 l,acndci+>ank (Pref) 498 +3 Lcn/ing 1333 -7 lc\kam 380 -9 Montana ***** unch Oestcrr. Brau 3400 -40 Sempcnt 117 unch Sleyr 159 unch Veitscher 690 -5
        42 words
      • Article
        INDICES & TURNOVER
        84 24 INDICES TURNOVER NEW YORK (lose Pr*»io«s Nov 26 IX>w Jones NYSE Financial S&l' $00 Turnover (million) 2.533.17 2.527.23 +5.94 115.21 113 80 +1.41 ***** ***** +140 131 63.35 +67.65 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.698.6 1,712.21 2151.9 2.170.52 342.9 478.8 -13.6 -18 6 -135.9 AMSTERDAM CBS Tendency
        84 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ seen trading in narrow ranges for new developments
      1280 25 REPORTS THE US DOLLAR yesterday opened slightly weaker in Europe and dealers expected the currency to hold to narrow ranges as operators waited for new impulses either from the Gull or from the US economy. "People are waiting to either push
      1,280 words
    • Article
      INTERBANK FOREX RATES
      395 25 Cross rates Nov 27 USS S$ MS Dm Yen SFr AS NZ$ USS 1.7085 2 6820 1.4865 128.85 0.5072 1.2615 1.3021 1.6313 SS 0.5853 1.5698 0.8701 0.7542 0.29<>9 0.7384 0.7621 0.9548 MS 0.3729 63.70 0.5543 0.4804 0.1891 0.4704 0.4855 0.6082 Dm 0.6727 I 1493 1.8042 86.68 0.3412
      395 words
    • Article
      MONEY MARKET
      574 25 Interbank rates si Bid Offer Overnight 1/2 I 1-month 5 1/4 5 3/8 2-month 5 1/2 5 5/8 1-month 5 5/8 5 3/4 Overnight mode: 3-1/2 1,'SS Bid Offer 7 davs 7 13/16 7 15/16 1 month 7 13/16 7 15/16 2 months 8 1/4 8 3/8 3
      574 words
    • Article, Illustration
      Lock icon UK's hard ECU plan fading fast: analysts
      489 25 UPI REGARDLESS of who emerges in London this week as Britain's new prime minister. a British plan for an "alternative" European currency is seen as a big loser following Margaret Thatcher's resignation. If not already cold dead, Britain's entry in the monetary-union debate
      UPI  -  489 words
    • Article
      FINANCIAL FUTURES
      1236 25 SIMEX EUKOOOUJW Open High Low Sett Esl Vol Op/lnt Vol Dcc 90 91.91 91.92 91.82 91.83 5000 ***** 777 Mar 91 92.43 92.44 92.38 92.39 8005 ***** 3132 Jun 91 92.55 92.55 92.49 92.49 4500 6949 1209 Sep 91 92.53 92.53 92.48 92.47 1015 2840 132 Dcc 91
      1,236 words
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  • COMMODITIES
    • Article
      Lock icon UK rubber body also against new FEFC charges
      287 26 Bernama THE RUBBER Trade Association of London has come out in support of rubberbased bodies both in Malaysia and Singapore against the move by the Far East Freight Conference to impose new freight charges which may increase the cost to rubber consumers
      Bernama  -  287 words
    • Article
      Lock icon East European reform and Gulf crisis end sugar boom
      420 26 Reuter SOARING sugar prices in the last two years have been brought down to earth by political upheavals in Eastern Europe and the Gulf crisis, the International Sugar Organisation (ISO) secretariat said. For different reasons, it said, the two events helped
      Reuter  -  420 words
    • Article
      Malaysian tin takes another hard knock
      868 26 REPORTS THE TIN PRICE on the Kuala Lumpur Tin Market fell another 19 sen yesterday to close at M$ 15.66 per kg in lethargic trading. It was the fifth consecutive decline in five trading days and was also the sharpest drop since Oct 19
      868 words
    • Article
      PRICES
      1458 26 Rubber Nov n MS (tefcb >«te») Scents/kg Noon Close Inl 1 RSS Prompt I5500/I5600N 154.75/155.75 Int I RSS Dec 90 155 00/156 00 154.75/155.75N Inl I RSS Jan 91 155 50/156 00 155 00/I55 50N Inl 2 RSS OP 149 50/151 50N 149 50/151 50N Int 3 RSS OP
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1072 27 City Flight ETA Flight ETD Abu Dhabi GA895 1225 Adelaide QF8I 2010 QF82 2115 SQ227 2200 Amsterdam GA895 1225 KL814 1730 KL813 1525 SQ24 2215 Athens QA71 0015 Auckland NZ25 1825 NZ28 1950 SQ388 2030 Balikpapan GA524 1150 Bandar Seri SQ182 0915 Begawan SQ181 1410 Bangkok
    1,072 words
  • THE TRAVEL PAGE
    • Article
      MONEY CHANGER RATES
      152 27 As at 3pm yesterday: I .oral dollars to one unit of foreign currency Currcncics Bid Offer Australian dollar 1.3050 1.3250 Canadian dollar 1.4560 1.4860 NZ dollar 1.0300 1.0650 Sterling pound 3.3500 3.3800 US dollar 1.7040 1.7140 laical dollars to 100 units of foreign currency Austrian schilling 16.10
      152 words
    • Article, Illustration
      Waikiki gets a Japanese Prince
      744 27  -  LETTER FROM HAWAII By Rick Carroll WAIKIKI's newest hotel doesn't have a beach or sell drinks with a Japanese parasol speared in a pineapple wedge. It doesn't even have a coffee shop. Instead, the US$l5O million Hawaii Prince Hotel serves English tea in the lobby
      744 words
    • Article
      WORLD TRADE EXHIBITIONS
      74 27 Duration Title Venue Organiser Dec 4-7 Commtel Asia '90 Hongkong Business Convention Industrial Trade Exhibition Fairs Pte Ltd Centre *****00 Dec 5-7 International Exhibition of Medical Sciences Stockholm Stockholm*massan AB <46)8/*****00 Jan 11-14 International NordSalon Duration Title Venue Organiser Td 1991 Household Appliances Trade Show Villepintc Exhibition
      74 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      387 27 h !^S pywiH'ss/ 1• i ■;vv^^/;7^B Bl 7J^^BiMiliJilH^l jfl|^^^^M| 4% JOH^HVB|HuHfIHI Vl^Hfck GET THE GLOBAL NEWS THAT TOUCHES EVERY PART OF YOUR LIFE. Wherever life takes you your daily newspaper And when you're bound for travel, our travel section could only be the International Herald Tribune (IHT). will help you
      387 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      272 27 Fine spcech is expected ■H BH from a fashionable area 9 Former habit of night workers 10 There's a smell from the I Clean American president 12 Set money aside to clear 13 I 5 I I h 6 I an icy road (4,4) Translate a Yuletide poem the story
      272 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      217 27 Singapore Outlook: Showers o»er man> areas in the aftern«»on. Forecast: Maximum temperature J2.OT j Assoc humidity 69% Minimum temperature 24.4T Assoc humidity 98% Hours of sunshine 5.85 j Rainfall in mm Nil j Rainfall this month 177.8 Rainy days this month 16 World report Asia-Pacific Hi/lxi* Cond. Auckland 22/15 Showers
      217 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      24 27 hlitf I*l FEfcL DREADFUL.. I KNOui UJHPiT ZyoU'D UKg. SCND weADRCMe.... »'m T(v;,M) I(- F= Irl si e EVEMINO STANDARD CO. LTD.. IW2-IWO >—» qX
      24 words
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  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      254 28 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Some of our best advertising Is l>y word of nwuth. For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585
      254 words
    • Advertisement
      Page 28 Advertisements Column 2
      339 28 ASRKRIOJNG NEW PURM\nW APPEARS TONIGHT ABUM SCUTTS RtHD CANOPY BAR Wtmt 9*4 With Us spectacular (jlav. frontage, the anopv Bar In. the ideal pUcc to see the Mars It's also\Singaporc's newest and tm»st exclusive rendezvous The ("jnopy Bar. upstairs at the Hyatt t* CATCH A CLASS* ACT CALLED COVER-UP AT
      339 words
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      Page 28 Advertisements Column 3
      301 28 Introducing Tteti ti u ■HpVSi H Watch the hottest hand sizzles with action! lt'sSuhwa> heat. V>u wouldn't wanna stop the music! q dmv Plaza Hotel QtIEU. »u«ko« o««r«it•••«»»i»«c L wweeeew S""" ,«p ROSE GARDEN Z, <«mii»HH» SICHUAN RESTAURANT f» Levels A Fabulous Spread Awaits A 11... It's a treat for
      301 words
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      Page 28 Advertisements Column 4
      342 28 N* Oui! The best of French cuisine in one sitting. Pates, terrines, escargots, canard a l'Orange, souffles and over 60 dishes at a price that won't cost you the earth. There's simply no other match. Au plaisir de vous voir! French Buffet Lunch 1-30 November '90 Noon 2.30pm Adult: $36+
      342 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      785 28 TELEVISION AND RADIO XT 1 1 A SBCI2 SBCS 12 BUSINESS ON RADIO O I IO mT 2.45 PM Magic of Dane* (r) 4.30 The Bight to LoU (cont'd). BBC, 89.9 mHz in VHF Band II VJ IVTt IU3I 7.25 PM A Touch of Spice (Debut, jg ZISZXcCoTpiJy (Chil- J«®
      785 words
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  • LIFESTYLE
    • Article, Illustration
      Portraits of stoicism and rebellion
      640 29  -  Claire Leow reviews Theatreworks' The Sandpit, a tale of two wives whose lives are intricately intertwined, yet unquestionably separate Claire Leow TWO WOMEN, one husband, one sandpit and a multitude of personality conflicts. The sandpit and the husband do not appear at all on stage
      640 words
    • Article, Illustration
      Lock icon High-priced gifts for Japanese year-end buying lists
      755 29 The Japanese equivalent of Christmas is seibo, when tokens of regard are given to individuals who have done favours for the gift-givers NYT WITH only a little more than a month left to 1990, major Japanese department stores have come up with a
      NYT  -  755 words
    • Article
      Jagger and Hall wed, Indonesian-style
      522 29 CHATTERBOX MICK JAGGER has married his longtime girlfriend, Texas model Jerry Hall, on the island of Bali, press agents for the Rolling Stones singer said on Monday in London. The couple were married last Wednesday in "an Indonesian wedding ceremony" after a six-week vacation touring
      522 words
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      262 29 AND ENTERTAIN A Yen For Fresh Japanese Food. W|«Wr 1 LUNCH: 12 NOON 2 TO 2.15PM. 8 DINNER: 6.30PM TO 5 10.15PM I PRICES SUBJECT TO 10% SERVICE 9 CHARGE AND 4% CESS Unkai flies in fresh ingredients daily from Japan. To give you nothing less than the freshest of
      262 words
    • Advertisement
      Page 29 Advertisements Column 2
      119 29 the clubs and 1 KUIIV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Fine Russian/ Continental Cuisine Set Lunch/Dinner/ A la carte served daily. The perfect place for business lunch or personal dining pleasure. Restaurant Houra Lunch Karaoke Hours Mondays to Saturdays Daily: 1130 am to 2.30pm 6.30pm to 2.00 am
      119 words
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  • Article
    More Singaporeans taking up PR in Hongkong
    489 30  -  3,410 have taken up residence as at end-September From Catherine Ong in HONGKONG SINGAPORE has been losing three times more people to Hongkong in recent years than it has been recruiting from the territory, latest immigration statistics show. Estimates compiled by the Hongkong
    489 words
  • Article
    S'pore school in HK to be discussed
    201 30 EDUCATION Minister Dr Tony Tan will visit Hongkong next month to discuss the setting up of a Singapore school in the territory. He will meet with the Singapore Association on Dec 10, said Singapore Commissioner Mr Gordon Seow. The idea of a Singapore
    201 words
  • Article
    Lock icon Seoul discloses rules for foreign brokers
    250 30 AFP THE SOUTH Korean government yesterday announced a long-awaited set of rules which will allow foreign securities firms to open branches and do business in the country. Under the rules announced by the Finance Ministry, foreign brokers must have had a representative office in
    AFP  -  250 words
  • Article, Illustration
    Lock icon Gorbachev allies fail to win over Russian congress
    478 30 AP IN A DRAMATIC parliamentary clash over the Soviet Union's future, allies of President Mikhail Gorbachev failed yesterday in an attempt to push his proposed treaty for keeping the union together through the Russian republic's congress. Adoption of the union treaty by
    AP  -  478 words
  • Article
    Lock icon Long-term prime rate to fall in Japan
    164 30 UPI Published by Times Business Publications. Printed by Singapore Press Holdings. 2 Jurong Port Road. Singapore 2261. Tel: 265-8855. A member of MCS Circulation Audit THREE leading Japanese long-term credit banks said on Monday that they will lower their long-term prime lending rate
    UPI; Published by Times Business Publications. Printed by Singapore Press Holdings. 2 Jurong Port Road. Singapore 2261. Tel: 265-8855. A member of MCS Circulation Audit  -  164 words
  • Page 30 Advertisements
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  • Shipping Times
    • Article, Illustration
      Call to set up marine computerisation committee
      365 31  -  By Selva Kumar THE MARINE industry was yesterday urged to form a steering committee to provide direction for its computerisation efforts. "There is still very wide scope and potential for the use of computers or information technology (IT) in the marine industry," said
      365 words
    • Article, Illustration
      TNT Skypak to operate its own aircraft in Asia from next April
      393 31  -  By Malini Tambyah RIDING on the boom in Asia's air express industry, Sydney-based TNT Skypak will start operating their own aircraft in Asia from April 1. Although routing is yet to be finalised, there are firm plans to
      393 words
    • Article
      Anera abandons grid surcharge system
      363 31  -  By Rahita Elias ASIA North America Eastbound Rate Agreement (Anera) members have decided against implementing the controversial "grid" surcharge system in Thailand. Albert A Pierce, Anera's managing director, said that following an "impact" study, the conference found that the proposed schedule would have driven cargo
      363 words
    • Article
      Lock icon Surabaya airport to serve S'pore route from next month
      243 31 Bernama SURABAYA, the East Java provincial capital about 800 km east of Jakarta, is scheduled to be opened to Asean airlines in stages beginning next month to facilitate smoother flow of regional traffic, a senior official said yesterday. The authorities have
      Bernama  -  243 words
    • NEWS SUMMARY
      • Article
        On strong ground
        47 31 WHILE larger shipyards in Singapore say they could experience a slight softening in demand in the next few months or early in the new year, medium-sized shipyards are still faring very well, with barely a let-up in bookings despite the Gulf crisis Page 2
        47 words
      • Article
        UK seeks to hire more vessels for Gulf
        49 31 THE UK Ministry of Defence is looking to hire more merchant vessels to transport troops and equipment to the Mideast Gulf but it would not comment on radio reports that it was paying exceptionally high rates for the ships Back Page
        49 words
      • Article
        Canadian Airlines urges open-skies deal
        37 31 PWA Corp unit Canadian Airlines International Ltd said it favours an open-skies air transport agreement with the United States, but only after various obstacles to fair competition have been removed Back Page
        37 words
      • Article
        HK port hopes to be 80pc privately funded
        47 31 HONGKONG'S Financial Secretary Sir Piers Jacobs said he hoped 80 per cent of the cost of developing the new port section of the ambitious port and airport complex off Lantau Island would come from the private sector Back Page
        47 words
      • Article
        Air NZ to cut another 250 jobs
        23 31 AIR NEW ZEALAND will cut another 250 jobs by the end of the year Back Page
        23 words
    • Article
      Lock icon EC extends state aid for shipbuilding
      296 31 AP EUROPEAN Community industry ministers have allowed state aid to shipbuilding to continue for three years. The aid will have to be limited to 20 per cent of big shipbuilding contracts and to 14 per cent for small ships. Additional aid is even allowed
      AP  -  296 words
    • Article
      Lock icon SAS to form foreign venture units
      229 31 Reuter SCANDINAVIAN Airlines System (SAS) has announced that it is setting up two new units to coordinate its increasing links with foreign airlines. "The continued refinement of the organisation spells a more active engagement by SAS in our equity interests and alliances," SAS group
      Reuter  -  229 words
    • Article
      Lock icon Monaco-based V Ships to open office in Cyprus
      192 31 Reuter V SHIPS, one of the largest ship management organisations in the world, is to open a branch in Cyprus, shipping officials said. The Monaco-based company has offices in London, Southampton, Oslo, New York, Genoa and Bombay. It will also register a
      Reuter  -  192 words
    • LOG BOOK
      • Article
        Norway's Hydro, Saga to charter oil tanker
        98 32 NORWAY'S Norsk Hydro A/S and Saga Petroleum A/S have agreed to charter an oil tanker from Norwegian shipowner Knutscn OAS for one billion crowns. A statement said the charter will be from 1993 to 2007 with the possibility of an extension. The vessel
        98 words
      • Article
        Air NZ expects a loss this year
        112 32 AIR New Zealand Ltd, which announced a U5526.65 million net loss after extraordinary items in the six months ended Sep 30 and passed its dividend for the period expects its final result also to be a loss due to the costs of further
        112 words
      • Article
        Indian ships allowed to unload rice
        105 32 THE United Nations will allow surplus rice to be unloaded from an Indian ship detained in an Iraqi port as long as it does not fall into Iraqi hands, an Indian Foreign Ministry spokesman said. Iraq has banned the Vishwa Siddhi from sailing home
        105 words
      • Article
        Cameroon joins Inmarsat
        71 32 THE REPUBLIC of Cameroon has become the 62nd country to join Inmarsat, an international cooperative that provides worldwide mobile satellite communications on land, sea and in the air through a network of eight satellites. Cameroon already has an Inmarsat mobile earth station in operation on land and
        71 words
      • Article
        Gulf Air orders 12 Boeing jets
        70 32 GULF AIR has ordered 12 Boeing 737-300 aircraft worth an estimated US$l.l5 billion, the US aeronautics giant said on Tuesday. Gulf Air, jointly owned by Bahrain, Qatar, Abu Dhabi and Oman, already has six of the medi-um-haul Boeing 767-300's, which are powered by General
        70 words
      • Article
        Explosives aboard Pan Am flight
        78 32 Mr POLICE on Sunday found 45 kg of explosives in the belly of a Miami-bound jet and arrested a suspect who said he had planned to sell the cache in Puerto Rico, authorities said. The M-80 explosives were found in four 11 kg boxes in
        78 words
    • Article, Illustration
      Lock icon Medium-sized yards on firm ground
      1374 32 While larger shipyards are expecting a slight softening in demand, the outlook for medium-sized yards is still bright, Gulf crisis notwithstanding Fairplay WH I L* E Singapore's mediumsized shipyards are still faring very well, with barely a let-up in bookings despite the Gulf crisis, the
      Fairplay  -  1,374 words
    • Article
      Lock icon WEEKLY FREIGHTS
      792 32 AFP FREIGHT rates firmed over the past week on the dry cargo market. supported by fixtures made by the US Military Sealift Command (MSC), brokers said. The Baltic International Freight Futures Exchange <Biffcxfs Baltic Freight Index finished the week up 14 points at 1.312. US Military Sealift Command
      AFP  -  792 words
    • Article
      THE SHIPPING GUIDE
      12610 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,610 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        724 47 VcsmI toy tt> Berth Anwal Pepartm Keppel Wharves Bayswaterl 18 ****** K30 alongside 27.11/1600 8rt| 02A1 K29 alongside 30 11/0600 ttn 2 K32 alongside 01 12/0600 KotaMatu E875 K33 alongside 02 12/0600 New Diana 74 K34 alongside 01 12/0800 PictMt Samut 11/90N C10 alongside 27.11/1430 Roseeverett 8E
        724 words
      • Article
        CONTAINER SCHEDULE
        1176 47 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Record Bookine/Balance Mb Ship Voy No Etb/Btr Period From To From ACX Jade 23A 29/0700 1 27/1500 27/1659 27/1900 3 28/0700 28/1159 28/1400 Amalia KCN011 01/0600 3 Cancelled 4 Cancelled An Adelaide ***** 29/1500 1 27/1500 27/1659 27/1900 3 28/0700
        1,176 words
      • Article
        DAILY FREIGHTS
        1074 47 C HARTERING on the freight market was quiet on Monday but rates continued to firm, brokers said. A grain shipment from the Mississippi River to the Continent was secured at a higher lump sum equivalent to U5511.96 for heavy grain. Its BFI sub-index was marked up at U5513.09
        1,074 words
      • Article
        IN MALAYSIAN PORTS
        344 47 Kuantan Port Berth 1: Eratini Berth 2: Zheng Yang Berth 3: Lancelot Spirit Berth 4: Eastern Fu|i Pafcn oi berth outer Crest Venture I Palm oi berth inner: ml kfineral oi berth: lambongan Service Jetty: ml Anchorage: Naur ah Due on Nov 28: Spring Horse, Hairin Transport
        344 words
    • Article
      Lock icon UK to hire more ships for Gulf
      467 48 Reuter THE UK Ministry of Defence is looking to hire more merchant vessels to transport troops and equipment to the Mideast Gulf but it would not comment on radio reports that it was paying exceptionally high rates for the ships. Britain is set
      Reuter  -  467 words
    • Article
      Lock icon Airline urges open-skies agreement with US
      168 48 Reuter PWA Corp unit Canadian Airlines International Ltd said it favours an open-skies air transport agreement with the United States, but only after various obstacles to fair competition have been removed. Canadian Airlines chairman Rhys Eyton told a special parliamentary committee that US carriers
      Reuter  -  168 words
    • Article
      Lock icon Air NZ to cut another 250 jobs by year end
      274 48 AP AIR NEW ZEALAND said on Monday it will cut another 250 jobs by the end of the year as part of cost-cutting and internal restructuring efforts. Chairman Bob Matthew said in a statement with the announcement of the airline's
      AP  -  274 words
    • Article, Illustration
      Lock icon New HK port hopes to be 80pc privately funded
      189 48 Reuter HONGKONG'S Financial Secretary Sir Piers Jacobs said he hoped 80 per cent of the cost of developing the new port section of the ambitious port and airport complex off Lantau Island would come from the private sector. The new port
      Reuter  -  189 words
    • Article
      Tiphook resigns from IICL
      105 48 TIPHOOK Container Rental Company (TCR) has resigned from the Institute of International Container Lessors (IICL). The company, one of the world's largest container rental companies, decided to sever ties with the American-based trade association as it believes that the lICL's structure and organisation does not meet
      105 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      165 31 m UNITED I Ely] LEASiNCiSEmasniin) Call Te1:471 3033 For other reasons, send in your subscription now. r 1 Please send to: dame: name: Address: Address: Occupation: Occupation: Tel: Tlx/Fax: Tel: Tlx/Fax: AIRMAIL SUBSCRIPTION RATES: I I want to subscribe for months at S/US$ I I I l I I enclose:
      165 words
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      Page 31 Advertisements Column 2
      28 31 Container Schedule 17 Qatfy Freights 17 Index to Advertisers 3 Shipping Guide 10.11 Stups m Port 17 Singapore Tries 17 Weather and Sea Condrtions 17 Weekly Freights 2
      28 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      88 32 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
      88 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1868 33 200 Cantonment Road #12 05 Southpomt. Singapore 0208 fIHSMIWH \llVfr T<H *****11 TELEX NO WfllTra rERMINAL CFS Id *****18 220 *1 BOOKINGS Tel *****34 235 L XWW M 'ESAKA JARDINE SHIPPING AC€NCIES SON BHD PORT KELANG TEL *****18 NO MA***** MA***** PENANG TEL *****4 TELEX NO MA***** CFS TEL *****6
      1,868 words
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      Page 33 Advertisements Column 2
      1260 33 INDEX! TjUDVgffISERS Pace Col Col I*l I M I ABC Containerlinc 13 5 Mac-Ncls Agencics 14 1/2 Accord Group 8 1-3 Macoiinc 18 2/3 AFS IS I Madju Sdn Bhd 16 1/2 0 Ahrcnkiei Liner 16 3 Maersk Line 3 4/5 Albatros Sea-Air 14 4 Mainfrcight 15 4 Alfred C
      1,260 words
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      Page 33 Advertisements Column 3
      2216 33 eQEHUBaaza Vms»l Voy ETA iTo "Port 'Penang K DESTINATIONS Singapore Keiang ifu% Matnude M 9k» Feeder by IEjHWSn3BSB3E3HB3nn^SSSI!^B!!^nBEEI3C2SBBHI 0600 M Farco t CFS J/12 235# MRS M r«uro OAK LGB MOU MEM ATL MIA CHS BAL PHL NVC MON TOfl MATHHOE M 9102 4/12 VI2 ?9'll 1/12 22/12 23/12 2M2
      2,216 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1168 34 ROTTERDAM/ VOV NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP IE HAVRE BREMEN EXPRESS 99/542 29/11 24/J 2 10/12 20/12 17/12 23/12 □rijai ncp Qfl/546 2/12 Id/12 22/12 23/12 KATSURAGI 03/545 6/12 30/« 26/J2 27/12 23/12 31/12 TOKYO BAY 02/550 9/12 27/12 29,12 3/12 HAMBURG EXPRESS 99/549 13/12 7/1
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      579 34 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT I FLORKANA 21-28/11 10/12 12/12 17/12 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA. PAGO PACO. APIA 1 NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP I FLOREANA 21-28/11 30/12 31/12 4/1 Also accepting Cargo to Callao (Peru) vu Valpa Agents: SINGAPORE: *****56
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      1514 34 Ssr&mM&MM mmm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSLfVOY AIC JCL H« ME ROT ANT FEI LHA ALG) HAM) ROT) NORASIA PRINCESS 9039-3 03/12 24/12 K/12 29/12 30/12 31/12 01/01 Q2JO Jig NORTH k (MOW 10/12 31/12 02/01 05/01 06/01 07/01 08/01 W£ii Wju NORASIA SINGA 9041-3 17/12
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      1759 35 SjgSteamers Maritime Holdings Ltd krv P&O ■TMSTRAITS SHIPPING ■Ml CT !3 H Bm*i. East Malaysia, Containers MJ» ACCEPTS DUE SAILS Voy No P HUnf S pace S tan H'burg B'liaven R'dam Ltd r*»en BOfcMiN EXPHtSS 99 542 ♦B.SERM.U 2*ll 25(12 I*l2 21/12 I//12 24/12 KNAIDtH 98(546 TOB 27/11 02/12 I*l2
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      Page 35 Advertisements Column 2
      1806 35 TO: EUROPE TO: FAR EAST SPORE HK MO KOB BU SP IN RDM HAN B HVN (BRE FIX CHOTANC SUCCESS 01 IE 3/12 *12 7/12 10(12 U/12 CHOTANC PARK 01IW 1/12 I*l2 JO/12 71/U 21*12 23(12 2*12 HANJIN HAMBURG 003E 10/12 13/12 I*l2 17/12 2*12 CHOTANC CHANCE OWN 4,12 22/12
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      Page 35 Advertisements Column 3
      52 35 SENUM StHPPMG PTL LTD. 20-09, Tang Eng Wdg, 101 C«cR S«. S'pof. 0106. T«h *****12, *****13, *****36. JHHmIHI T«to>u RS ***** Fan *****24 WEEKLY/REGULAR SERVICE TO EAST/WEST M'SIA SRI ARIKA In Pt/29 NOV KUCHING, SIBU SUTRA In Pt/29 NOV KUCHING. SIBU HAMIDAH 4/5 DEC SIBU. KUCHING SENG LEONG 30/1 DEC
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      Page 35 Advertisements Column 4
      421 35 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC ASEAN TANJUNG ASIAN CHALLENGER STAR MAS TRADER VOY NO 3 lit 12 6 Spore S/12 13/12 14/12 17/12 P Kelang 11/12 11/12 17/12 20/12 Hongkong Calcutta Yokohama 27/12 25/12 C/l Mfl Nagoya 25/12 23/12 4/1 1/1 Osaka Senboku 23/12
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      555 36 ISBBB CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL VOY S PORE ROAM ADAM H BURG BREMEN ANTWERP SRIWIJAYA 30WB 30(114(12 5(1 12/1 16/1 21/1 KUTAI2IWB 22-26A2 24/1 30/1 4/2 6/2 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sub|act to Inducement. Alto accepting cargo to Casablanca. Pod Said. Port
      555 words
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      Page 36 Advertisements Column 2
      870 36 /3\ HANJIN SHIPPING W*# J FULL CONTAINER SERVICE IT=l.«. RTifl AMR HAM BRV F£L FEEDER VSL SIN LINE HAUL LAX OAK 1/12 19/12 20/12 21 12 21/12 23 12 24/12 CMOYANG SUCCESS 01 IE J/12 ***** 12 22,12 24 12 24,12 26 12 2//12 HANJIN H AMBURG, 003E MjU M
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      Page 36 Advertisements Column 3
      1368 36 f I d -1 IPKL SOP HKG KSC KLC PUS HKT OSK SMI TYO LAX CHS BAL NYC LHV AN* ROM THP HBG SGP I ECIAN I RE 041 29/11 »11 4/12 *U 7/U 10/12 12/12 14/12 16/12 17/12 21/12 *1 11/1 12/1 22/1 23/1 24/1 25/1 27/1 21/2' E
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      1565 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) UK/EUROPE SERVICE *****19 USA SERVICE- *****16 AUST/INDIA/PAK SERVICE- *****18 FAR EAST SERVICE- *****48 m tfrminai OFFICE *****22 DOCUMENTATION DEPT: *****44/ *****14 CFS K27 -IMPORT: *****69/*****50 CPS: K27 EXPORT: *****53/*****04 r a *****0 5' 5893 *****4 2W3& Suratoja ß (3l) N
      1,565 words
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      Page 37 Advertisements Column 2
      1170 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4) *****8 JOHORE BAHRU: *****1) *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EAST BOUND LOADING FOR WESTBOUND vessels vor»ct |sfo« |maniia huowc voyace SPOtt phlang hbuhg bhaven tilbuby bott
      1,170 words
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      Page 38 Advertisements Column 1
      1288 38 Hi K LINE KAWASAKI RISEN KAISHA. LTD. EXPORT N. AMERICA PACIFIC SOUTH-WEST IMPORT N. AMERICA PACIFIC SOUTH-WEST MOTHER VESSEL VOY HOUS IB OAK THY FEEDER VESSEL VOY TKY ["scpl FEEDER VESSEL VOY 'INDO •PKiPNG SGI> MOTHER VESSEL VOY LB OAK CHI NYC 111 BROOKLYN BRIDGE 34 31/10 6/11 «/U 11/11
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      Page 38 Advertisements Column 2
      1139 38 \p w PHILI-ORI€NT UN€S PT€ LTD \lOB ROBINSON ROAO #07 00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 01 DEC MONTREAL, OnAWA, TORONTO, VANCOUVER, S'WESTERN ONTARIO. 11
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      Page 39 Advertisements Column 1
      1576 39 Jf pacific international lines (pte) ltd JMWI pil Building, 140 Cecil Street *03-00, SingaporeOlO*^^^^ I JAKARTA I I BANQKOK I em» EL »£o Til Til plgasus pmeii »'n *J*i Til EDEN 9040 1/12 J"" KOTA JADE 09NB 30/11 J/12 7/12 HAI GUAMG 41SB 4H2 Wl2 PEGASUS PROGRESS 64SN 1/12 4/12
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      Page 39 Advertisements Column 2
      912 39 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT SPORE PKLANG SHAMPTON| HAMBURG BHAVEN ROAM L HAVRE Bremen Express* 99/542 29/11 23/12 18/12 20/12 17/12 24/12 Benakler h 98/546 2/12 Via TOB 19/12 22/12 23/12
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      Page 39 Advertisements Column 3
      320 39 tea MYANMA pHk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIg Pen P.Gdg SITTWE V47W In Pt (LOADING FOR RDAM/WMBG/ANTWP) PAGAN VI64W 29/1 Dec MPA-AN VIS7W l/U Dec PATHEIN VIOBW 12/16 Dec 1/12 Dec -S* THE BANKUHE (A service of Andrew W elr Shipping) SEMI-CONTAINER SERVICE
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      Page 42 Advertisements Column 1
      852 42 INTEGRATED CONTAINER SERVICE JROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX BRV ROM ANT HBG ASIAN SEN WFOS2 29/11 22/12 21/12 20(12 23/12 25/12 BRANDENBURG WMIOI 8/12 5/1 4/1 6/1 2/1 JAPAN SEN WFIOI 11/12 3/1 4/1 t/1 7/1 5/1 AMERICAN SEN WFIO2 17/12 11/1 9/1 8/1 12/1 10/1
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      Page 42 Advertisements Column 2
      1116 42 TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 1 DEC ft 8 DEC LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HAMSURG MANCHESTER LE HARVE AND ALL EUROPE MLAND DESTINATIONS FAR EAST PORT KELANG 30/11 7/12 MANILA 1/12 8/12 PENANG 30/11 4 7/12 BUSAN 30/11 6/12 BANGKOK 30/114 4/12 TOKYO 6/12 4 13/12 HONG
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      Page 42 Advertisements Column 3
      305 42 Xlti^iia:i:fiKimi;iiß«i:n LOADING FOR VESSEL SPORE CM OBN BAIRES HVIOEO RIO STS VIT PACUA mostwun i i»u mi v\u an wi w opt VMM ALSO LOAOING FOR BUENOS AIRES Regular BBulk and Container Service Direct to Turkey, Red Sea/ Med Porta. Sport P Ktlwif Pwunf LMdirw tor GCNCLIK V yn 1
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      Page 42 Advertisements Column 4
      1167 42 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE "^Josh.P 2. MISTRI ROAD, HMC BUILDING FAX *****66 CABLE: COSTARLINE CR NO: **********0 M General Agents: COOTAR SHIPPING PTE LTD TOEUROPt FftOH «UROP€ vessel voy~ scp I flx rot ham ant dkk vessel/voy flx rot ham ant dkk scp HONOR RIVER IN
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      Page 43 Advertisements Column 1
      816 43 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! KTA USA All IPI Destns 1/12. 8/12 EUROPE all Ports 30/11, 8/12 BANGKOK 4/12, 8/12 HONGKONG/CHINA 2/12, 9/12 SYD, MEL, ADEL, BRIS 2/12, 9/12 FREMANTLE 2/12, 10/12 MANILA 30/11, 9/12 PKLG/PENANG 2/12, 9/12 Port Kelang Branch Tel: *****21/2/3 Fax: *****24 Penang
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      Page 43 Advertisements Column 2
      246 43 f£l\ RICHFIELD MARINE AGENCIES |S) Pit Liu eft TEL: *****33 (12 Line*) m FAX: *****15/*****03 {J) TELEX: RS ***** RISHIP (3 Llnea) rsT\ ETHIOPIAN SHIPPING LINES 3 (National Lines of Ethiopia) ACCEPTING FCL VESSEL IvOY ETA LOADING FOR SPORE ABYOT 23*1 OARESSALAAM. MOMBASA. DJIBOUTI ABYOT MWO ASSAB MASSAWA ARRAY WON
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      Page 43 Advertisements Column 3
      827 43 te-P.T. MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ
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      Page 43 Advertisements Column 4
      584 43 BANGKOK CEBU/MANILA VESSEL VOT SINGAPORE BANGKOK VESSEL VOY SPORE CEBU MANILA JENLINK 33N Wed In Pt Sat 1/12 THANA BHUM 4»S 30/11 W «/12 NANTA BHUM 17N Wed In Pt Sat 1/12 KITI BHUM 49R 7/12 13/12 W2 MAHA BHUM# 36M Sat 1/12 Tu« 4/12 SO STAR SOS 14/12 20/12
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      Page 43 Advertisements Column 5
      400 43 TO AUSTRALIA/NEW ZEALAND ("vsl ES pna Em p Kurt Ti« Ip chalm antwerpe* *1 w uiu nun au r*u i/i tnt express S3 ~w Sfl Si S/i Si nJi 2/2 c huoic ju Si K 5/2 Si an mussel m Si Si w m 5/i S5 uii 12 DATS TO
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      Page 44 Advertisements Column 1
      1181 44 m MAC-NELS SINGAPORE TIL *****22] import TEL *****02! PENANG TEL (04) *****6 'KK TEL: (088) *****0 iTAWAU TEL (089) *****9 P KELANG TEL (03) *****77 KUCHING TEL (082) *****3 SKAN TEL (089) *****2 l-f\-/\ J J BAHRU TEL (07) *****2 SIBU TEL (084) *****2 LABUAN TEL: (087) *****9 JAKARTA TEL
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      Page 44 Advertisements Column 2
      376 44 fltefc blue star line SINGAPORE TO NEW ZEALAND AND T/S FIJI FUI.LY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK IVT PREMIER MS 2 Dec 11 Dec Via NPL 13
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      Page 44 Advertisements Column 3
      1022 44 THONG SOON LINES PTE. LTD. I 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL VOT ETA DEST VESSEL VIT ETA PEST KIM SOON LI 46/90E 30 NOV PENANG EQUATOR
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      Page 44 Advertisements Column 4
      390 44 A^ISIORBULK\ I MORBULK CARGO SERVICES LTD. I I *TT* REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES ISP PK LOADING FOR I EVPO AGEOS NB-120 2/12 «/12 RDM/ANT/UK SINGA SAGA NB 121 IVI2 17/12 ROM/ANT/NAN/UK I ISWK'SABAH LOADING FOR I NBT3S 10/12 KANDLA I ISP PK LOADING FOR I TBN
      390 words
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      746 45 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO' OTHER PERUVIAN PORTS' WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P Kelang Singapore SHAPLAEVERETT 09/11 Dec 12/14 Dec KAMALEVERETT 30 Dec/01 Jan 02/03 Jan THOMASEVERETT 15/17 Jan 18/19 Jan WIS "EVERETT ORIENT
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      Page 45 Advertisements Column 2
      605 45 VSL [VOY {s rowt [MAIRLINEW [lax Ikst Isav Iwyc Ihfx A VCSSCL *11 Z,M "VANNAM *11 4/1 7/1 %1 11/1 ZIM KAOMSIUNG l»f S/U ZIM CANADA 1/1 10/1 11/1 IS/1 17/1 A VESSEL W ZIM CANADA 1/1 10.1 13/1 15(1 17/1 ZIM KOPIR IK W *'M LIVOKNO 1/1 17/1 JO/1
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      Page 45 Advertisements Column 3
      609 45 Msing kwang hang IMVftM TRAMSPOMTATION (PTE) LTD WEEKLY LCL/FCL SERVICE I VESSEL [S PORE I JAKARTA [SURABAYA I MEKHANIK KURAKO V37N 29/1) 02/12 I EQUATOR JOY VQ6N |02/12 |05/12 VESSEL S PORE BANGKOK 1 A VESSEL 1/12 5/12 A VESSEL 7/12 13/12 1 DESTINATIONS ETA SINGAPORE PORT KELANG 30 NOV
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      Page 45 Advertisements Column 4
      481 45 PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASE TIA IP3A IN PORT 01/12 PELOPOR 964 01/12 04/12 PRASFTIA 125 A 05/12 08/12 PELOPOR 965 08/12 11/12 TANTO UTAMA 123 IN PORT 01/12 TANTO UTAMA 125 05/12 08/12 TANTO UTAMA 127 12/12 15/12
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      Page 45 Advertisements Column 5
      325 45 SIN FAN EAST 2/12 KEELUNG/KAOHSIUNG 1/12 BANGKOK 30/11 MANILA/CEBU 1/12 JAKARTA/BELAWAN/SURABAYA 1/12 PORT KELANG/PENANG/E. Malaysia 1/12 BUSAN 2/12 TOKYO/YOKO/KOBE/NGO/OSA 3/12 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingangj Shanghai UN EUROPE/UK 1/12 LDN/FLX/LVP/SOU 1/12 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 2/12 LOS ANGELES/NEW YORK all IPI
      325 words
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      499 46 CB SHIPPING MARINE SERVICES north queensland/papua new guinea services j CONTAINER/LCL/BREAKBOLK SERVICE "ANKE" SERVICE SPt LAE MISIMA P0« T'VIILE ?7,ii 11.12 *1? 'J} 2 viose sjau mi un IM lfcl He T/S Pom BUNKER SURCHARGE EFFECTIVE VI9SB TEU USD S3 50 B/BULK USD 5.00 "a USD 350 SUBJECT REVIEW BOOKINGS
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      Page 46 Advertisements Column 2
      941 46 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE B M T V 23-CW9O 3/12/90 21/12/90 22/12/90 27/12/90 KS V-21-90W 9/12/90 5/1/91 25/12/90 30/12/90 M B V 24-CW9O 16/12/90 6/1/91 7/1/91 12/1/91 YM V22-90W 20/12/90 14/1/91 4/1/90 9/1/91 I.Y V23-90W 26/12/90 20/1/91 10/1/91 15/1/91 ALSO ACCEPTING
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      Page 46 Advertisements Column 3
      551 46 GFOcemSeruice f* F I IB /B\ J °P* f tM o«r 600 ttrminah/officcs in UAAr J II BJ /flß\ m QP nuOntaiM ow 35,000 tractors ft trucks. V II A IMF* »ry OW 60.000 po4nt» in u.s.a. fIMK rn retiabi* LCL/FCL tervicM. Agsntt: PENANG —KL: allied-link SINGAPORE: //TyX 03-*****55 778
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      Page 46 Advertisements Column 4
      335 46 FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 23N8 3/12 VIGOUR PACIFIC 24N8 13/12 BANGKOK 8,12 15/12 BUSAN 2/12 6/12 HONGKONG 2/12 6/12 DURBAN 13/12 27/12 KEELUNG 2/12 9/12 PT LOUIS 13/12 27/12 PT. KELANG 30/11 7/12 KOBE 3/12 26/12 PIRAEUS 10/12 20/12 OSAKA 4/12 27/12 JAKARTA 3/12 6/12 SURABAYA 30/11 24/11
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  • Page 47 Miscellaneous
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      455 47 TIDES AND WEATHER n icitiOMM ■wimniii—riyi iirri— u r- i?mmnr m mn 1 < iirnirynr »^itmwiiwiiirrriTinrH*r«ffl«rnrwiiiHiiritWMff^ TODAY'S TIDES (height in metres) HOUIOOOO 0100 0200 0300 0400 0500 0600 0700 0»0 ********************1400 1500 1600 **********00 2000 2100 2200 2300 1.1 10 U 12 15 19 2.2 24 2.5 2.3 2.1 1.7
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      297 48 CHARTPOINT Every Saturday in Business Times VSL VOY ETA SIN ETA P.PNH TON 6 HOE 14/90 7/11 20/11 CHOL THEE 19/90 12/11 25/11 For Enquiries Call CALVIN HO/DANY LAU ml§\ HIAP HOE SHPPNG ENTERPRISE I 9/ff j TEL: *****66 FAX: *****10 \jljy TLX RS ***** HHSHPG PT. PELAYARAN. 3w*MUTIARA SAMDORA
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      Page 48 Advertisements Column 2
      721 48 JkHYUNDAI MERCHANT MARINE CO- LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI INNOVATOR tfl W 6/12 24/12 26/12 27/12 LALANDIA 35W 30/10 2/11 SJU 23/}} W HYUNDAI EXPLORER 36E 8/12 13/12 31/12 2/1
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      Page 48 Advertisements Column 3
      551 48 [CHARTPOINTI Every Saturday in Business Times UK/CONTINENT (TRIO) IST"-Stf H^H I SPORE S TON H BURC B HAVEN ft DAM UN HataMki. Stockholm BREMEN EXPRESS »542 71/U 23,12 14/12 »IU 17/U 24/U Rorttftow :to Antwerp. Amttrtljm Oslo Hthwki BENALDER W. 546 2/U I*U 22/12 2102 Br«Mn)uv«n :To Broawn KATSURACI BIMS
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