The Business Times, 13 February 1991

Microfilm: NL17399
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 16/12/90 Wednesday February 13 1991 75 c
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  • NEWS SUMMARY
    • Article
      Taiwan opens door to five more US insurance firms
      65 1 TAIWAN will allow five American insurance firms to set up branch offices this year, stiffening foreign competition in an already ferocious battle for market share. The approvals bring to 20 the number of United States insurance firms allowed into Taiwan since
      65 words
    • Article
      Soviet republics urged to sign new treaty
      42 1 THE president of the Soviet republic of Kazakhstan, Nursultan Nazarbayev, has called on other republics to immediately conclude a new union agreement, implying they should not wait for next month's national referendum on the issue.
      42 words
    • Article
      Investor interest falls
      30 1 INVESTMENT interest among manufacturers for the current year, hit by the Gulf war and the American recession, has fallen to its lowest level since mid-1986. Page 2
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    • Article
      Forest plan opposed
      27 1 A SCHEME by the Thai government to revive a project allowing private companies to reafforest deteriorated land has run into growing opposition Page 6
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    • Article
      Tough fight ahead
      36 1 AN unexpected surge in producer prices underlines the continuing virulence of British inflation, making it more difficult for the government to reduce 14 per cent interest rates anytime soon, say economists Page 7
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    • Article
      Budget out of control
      38 1 THE EC's agriculture budget is running out of control with a record increase of 5518.6 billion now forecast for spending on farm price supports this year, according to a confidential Commission memorandum Page 7
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    • Article
      Rising power
      25 1 THE latest successful economic power is the non-communist Chinese, who are growing richer faster than any other group in the world Page 9
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    • Article
      Another psycho
      18 1 ANTHONY HOPKINS is playing yet another psycho in his latest movie with Jodie Foster Page 13
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    • Article
      Couriers doing well
      29 1 NEARLY one month into the Gulf war, courier firms operating in Singapore are still going strong in the Middle East market Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      37 1 OVERNIGHT sell orders, following Monday's share price surge, dominated early Wall Street trading yesterday. The Dow Jones average of 30 leading industrials was off 15.85 points at 2,886.38 points five minutes after the opening bell.
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    • Article
      Footsie lower
      48 1 AFTER an opening surge took share values through the 2,300 mark on the Footsie index, an outbreak of profit-taking and doubts about interest rate cuts sent shares into reverse yesterday. At 1220 GMT, the FTSE index of 100 leading shares was down 15.8 points, at 2,263.2.
      48 words
    • Article
      Metrobilt wins deal
      36 1 METROPLEX has awarded a MS 169 million contract for the second phase of the construction of its Mall shopping complex to Metrobilt, a company in which it has a 60-per-cent stake Page 3
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    • Article
      Sears lays off staff
      23 1 SEARS, Roebuck Co is cutting back 9,000 more full and part-time jobs in its struggling merchandise group Page 4
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    • Article
      Germany relents
      17 1 GERMANY has agreed to accept Britain's desire to go slow on monetary union Page 5
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    • Article, Illustration
      STOCK INDICES
      29 1 Tuesday Change BT-MGA 639.97 +7.38 Kuala Lumpur ...526.01 +7.69 Hongkong 3,395.00 +0.92 Tokyo 24,935.01 +638.93 Sydney 1,385.6 +19.2 Monday Change New York 2,902.23 +71.54 London 2,279.0 +33.8
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    • Article
      CURRENCIES
      19 1 Exchange rates USS SSI.7105 100 Yen SS1.3384 MS SS0.6361 Money market rates Overnight 4-5/8 +1/2 3-month 4-11/16% +1/16
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    • Article
      COMMODITIES
      37 1 London Gold AM fix USS362.05 -US$5.95 Rubber S'pore Mar... 145.00«/kg +0.25 M'sia Mar.... 229.00«/kg +0.50 KL Tin Turnover 54 tonnes +1 Spot MS 14.64 /kg -0.07 Crude palm oil Turnover 417 lots -83 Feb MS846/tonne +2
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  • Article
    Econometric model points to growth recession
    591 1  -  Worst-case scenario sees 2.1 pc growth By Anna Teo ONLY A growth recession can be expected this year, with the economy expanding at 2.1 per cent even in a worst-case scenario, according to econometric projections by the National University of Singapore. The Department of
    591 words
  • Article
    Two external factors need greater study
    301 1 THE credit crunch in Japan and the electronics cycle are two external factors that merit some attention for their impact on the local economy, said a senior investment analyst of Crosby Securities. Commenting on the Econometric Studies Unit's analysis of the economy, Mr Manu
    301 words
  • Article, Illustration
    Budget should provide some stimuli and reliefs: economists
    282 1 APART from the usual short-term policy options for dealing with a downturn, Singapore has to be more innovative in securing longer-term resilience, said two university economists. Outward expansion in economic ties to as far-flung as Mexico, and continued interest in North America,
    282 words
  • Article
    Asian stocks close higher; central banks support US$
    271 1 ASIAN stockmarkets closed broadly higher yesterday as sharp gains in London and New York on Monday boosted sentiment. In the currency markets, the US dollar closed marginally lower against the Japanese yen in Tokyo but in early London trading, several European central
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  • Article
    From today: live CNN telecast for one month
    364 1  -  By Magdalene Ng SINGAPORE will be able to receive American-based Cable News Network (CNN) telecast live from today with the help of sponsorship from nine banks and financial institutions. Singapore Broadcasting Corporation said yesterday that the arrangement will be for a month
    364 words
  • Article
    Lock icon West tried economic coup: Soviet premier
    214 1 Reuter SOVIET Prime Minister Valentin Pavlov said in an interview published yesterday that forces in the West tried to overthrow President Mikhail Gorbachev last month in an attempted economic coup. Mr Pavlov told the trade union daily Trud that he knew of plans to
    Reuter  -  214 words
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      Page 1 Advertisements Column 1
      209 1 —■^—1■ I EXECUTIVE I PLACEMENTS g *****62 Aircraft Schedule 23 Money Changer Rates 23 World News 7 Commodities 22 Money Market 21 Company News 3,4 Regional News 6 For market indices, editorial. Cryptic Crossword 23 Regional Stock Markets 19 advertising and circulation ex fditorial 8 SES 14,15 tensions, call Business
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      Page 1 Advertisements Column 2
      7 1 Oil prices of greater concern, Pg 2
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    • Advertisement
      Page 1 Advertisements Column 3
      234 1 ohermain y/ SINCE 1888 X- I J Made in WEST GERMANY Sole Agent: H. W Shelley Co. (Pte) Ltd. SBC group pre-tax surplus increases 13pc, Pg 3 |^|enthous^looj^J Enjoy a cushy life while on business. J— A business trip ran he lough But as a special guest of our Penthouse
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        More Participating Financial Institutions
        90 2 LOCAL companies can now draw upon a wider pool of Participating Financial Institutions (PFIs) to meet their financing needs. Seven more PFIs have joined the Small Industry Finance Scheme (SIFS). The new PFIs are Bank of Singapore Ltd, Four Seas Bank Ltd, Industrial Commercial Bank Ltd,
        90 words
      • Article
        Alternative programme
        87 2 THE Education Ministry is introducing from next year an alternative preparatory year programme in 10 to 20 primary schools. The programme will offer Malay and Tamil besides Chinese. It will have varying exposure time for English and the mother tongue to compensate for differences in pupils' home language
        87 words
      • Article
        BP adjusts wholesale prices
        99 2 BP SINGAPORE has reduced the wholesale price of its unleaded petrol while increasing that of its jet fuel and gas oil. BP announced yesterday that the wholesale price of its unleaded premium-grade petrol (97-octane) has been reduced by seven US cents per US gallon to 80
        99 words
      • Article
        Corrections and clarifications
        54 2 IN OUR story "Ngiam is now executive chairman of DBS Bank" on Tuesday, Feb 12, it was stated that the DBS Bank audit group was headed by Chong Kie Cheong. DBS Bank has since clarified that the audit group, which reports direct to Mr Ngiam, is not
        54 words
    • Article
      Bosses to discuss fake promotions with unions
      184 2 EMPLOYERS, fresh from a meeting among themselves, will meet unions this evening to thrash out the issue of fake promotions. The closed-door session between the Singapore National Employers' Federation and the National Trades Union Congress is expected to discuss how widespread the practice
      184 words
    • Article, Illustration
      War casts shadow on sales of new year foodstuffs
      392 2  -  By Jean Wee SALES of the foodstuffs traditionally included in Lunar New Year hampers have been hit by the gloom cast by the Gulf War. Along North Canal Road, the stores selling sharksfin, cuttlefish, abalone and mushrooms report slower sales this
      392 words
    • Article, Illustration
      Plan for furniture design and technology centre
      436 2 A DESIGN and technology centre for local furniture makers is being planned for Singapore, but at the moment it is not clear whether it will be a joint venture with the European Community (EC) or purely a local effort. At a press conference
      436 words
    • Article, Illustration
      Survey finds drop in investment interest among manufacturers
      411 2  -  By Carolyn Lim INVESTMENT interest among manufacturers for the current year, hit by the Gulf War and the recession in the US, has fallen to its lowest level since mid-1986. This is one of the findings of a survey on business expectations
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    • Article
      Time for 'good housekeepers'
      299 2  -  By Christoph Pauly A DRASTIC slowdown for the Singapore economy is predicted by Wolfgang Driese, senior vice-president of Deutsche Bank's regional head office in Singapore. Even if the Gulf War should last only three months, economic growth this year will only be 5 to 5.5 per
      299 words
    • Article
      Oil prices of greater concern to S'pore than supplies
      261 2  -  By David Chew OIL PRICES pose a greater concern to Singapore's economy than oil supplies, an oil analyst told a seminar here yesterday. Dr Shankar Sharma, a research fellow of the Institute of South-east Asian Studies, noted that "the country imports
      261 words
    • Article, Illustration
      Simex forms IT team to map out global strategies
      393 2 JUST ABOUT four months before Globex, the afterhours electronic trading system, is launched, the Singapore International Monetary Exchange (Simex) has set up an information technology committee to review its existing infrastructure and to propose and implement new systems to sharpen its
      393 words
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  • COMPANY NEWS 1
    • Article, Illustration
      Metroplex awards M$169m contract to Metrobilt
      456 3  -  Property group also acquires 60pc stake in the construction company By William Chia MALAYSIAN property group Metroplex has awarded a Msl69 million (S$ 106.4 million) contract for the second phase of the construction of its Mall shopping complex to Metrobilt Construction Sdn Bhd (MCSB),
      456 words
    • Article, Illustration
      SBC group pre-tax surplus increases 13pc
      395 3  -  By Rahita Elias SINGAPORE Broadcasting Corporation (SBC) reported a 13 per cent increase in group's surplus before tax of §56.9 million for the financial year ended March 31, 1990. The figures, contained in its 1989/90 annual report, includes grants of nearly $7 million from
      395 words
    • Article
      Lock icon EON's capital to hit M$180m after one-for-two bonus issue
      370 3 Bernama EDARAN Otomobil Nasional Berhad is proposing a one-for-two bonus issue to increase its issued and paid-up share capital to a level which will better reflect the company's current scale of operation, Bumiputera Merchant Bankers Bhd announced in Kuala Lumpur yesterday.
      Bernama  -  370 words
    • Article
      Lock icon Group posts M$113m maiden profit
      174 3 Bernama EDARAN Otomobil Nasional Bhd (EON), listed on the Kuala Lumpur Stock Exchange last year, has reported a maiden group pre-tax profit of M$ 112.84 million (Ss72 million) for the year ended Dec 31, 1990. This was achieved on the back of a group turnover
      Bernama  -  174 words
    • Article
      Lock icon Inter-Pacific denies plans to take over MUI
      193 3 Reuter INTER-PACIFIC Industrial Group Bhd has denied a Malaysian newspaper report that it is building up its stake in Malayan United Industries Bhd (MUI) for a possible takeover bid. Describing the report as purely speculative, InterPacific said in a statement to the Kuala
      Reuter  -  193 words
    • Article
      Lock icon Duff Bhd looks to property sector for growth
      295 3 Bernama DUFF Berhad has identified property development as a sector for immediate growth and it will continue to look for more viable projects to expand the group's land bank, its chairman, Mr Leong Wing Hon says. However, the plantation sector would remain
      Bernama  -  295 words
    • COMPANY BRIEFS
      • Article
        FCC board forms an audit committee
        36 3 THE BOARD of First Capital Corporation Ltd has formed an audit committee, comprising Sat Pal Khattar (FCC chairman), Heng Chiang Meng (group managing director), and Abdul Hamid Ghani Jinnah (director).
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      • Article
        Pan Pacific Asia profit forecast
        129 3 SECURITIES-BASED Pan Pacific Asia Bhd, which is making a public issue of 10 million ordinary shares of Msl (550.64) each at par, has forecast a group pre-tax profit of M 52.75 million for the year ending Oct 31, 1991. In its prospectus, in connection with
        129 words
      • Article
        KLSE, KLCE holiday closures
        38 3 THE Kuala Lumpur Stock Exchange and the Kuala Lumpur Commodity Exchange will be closed tomorrow and Friday for the Chinese New Year. In separate statements yesterday, they said that trading would resume on Monday.
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      • Article
        Pemegang alters UMW stakes
        109 3 PEMEGANG Amanah Raya Malaysia-Sekim Amanah Saham Nasional has reduced its holding of loan stocks of UMW Holdings Bhd to 5.89 million, following the conversion of 18.6 million of loan stocks into ordinary shares in the ratio of one for one on Aug 30, 1990. At the
        109 words
      • Article
        Hiap Hoh in property deal
        78 3 HIAP MOH Corporation Ltd said its subsidiary, Hiap Moh Paper Co (M) Sdn Bhd has acquired a piece of property under development at the Desa Tun Razak Industrial Park in Malaysia for M 51.21 million (S$780,000). The 99-year leasehold property has a land area of
        78 words
      • Article
        Tenaga contract for Siemens
        52 3 GERMANY'S Siemens AG has secured a M 592.3 million contract to supply control and instrumentation systems to Malaysia's state-owned utility firm Tenaga Nasional Bhd. The systems will be installed at Tenaga Nasional's three thermal power plants being upgraded by India's Bharat Heavy Electrical Ltd, Tenaga Nasional
        52 words
    • Article
      Lock icon Banks step in to put EIE's house in order
      531 4 NYT IT WAS BAD when the banks sent their people to monitor his debt-laden operations and worse when they slammed the brakes on his hectic pace of property acquisitions. But now the bankers say the three private jets must go. No,
      NYT  -  531 words
    • Article
      Lock icon Store chain Carter Hawley Hale seeks protection
      287 4 NYT CARTER Hawley Hale Stores Inc, the largest department store chain on the West Coast of the USA, sought protection from its creditors under federal bankruptcy law on Monday, in an effort to shore up its deteriorating finances. In filing for Chapter 11
      NYT  -  287 words
    • Article
      Lock icon Sears cuts 9,000 jobs in merchandising
      522 4 NYT CONTINUING a cost-cut-ting drive to try to regain its competitive edge. Sears, Roebuck Co announced on Monday that it was eliminating 9,000 more full and part-time jobs in its struggling merchandise group. The trims will bring to 33,000 the number of jobs cut
      NYT  -  522 words
    • COMPANY BRIEFS
      • Article
        EC approves revised terms of brewer tie-up
        90 4 THE EUROPEAN COMMISSION has approved the revised terms of a beer industry cooperation deal between brewer Foster's Brewing Group Ltd and Grand Metropolitan pic after objecting to their original plans. A Commission statement issued in Brussels on Monday said the revised agreement would
        90 words
      • Article
        Consortium wins Indian deal
        87 4 A GERMAN CONSORTIUM led by Siemens AG's power unit, KWU, has won an order valued at about 360 million marks (***** million) to expand a gas-fired power generator near Bombay, India. KWU said on Monday that more than half of the order, from Maharashtra State Electricity
        87 words
      • Article
        Lion Nathan gives assurance
        75 4 LION NATHAN LTD has said that the presence of Brierley Investments Ltd on its share register will have no impact on the management and future direction of the company. Lion Nathan chief executive Doug Myers said in a statement issued in Wellington yesterday that his company
        75 words
      • Article
        Firm buys two Revlon brands
        107 4 GERMAN APPLIED CHEMICALS firm Joh A Benckiser GmbH has bought two cosmetics brands from US firm Revlon Inc, although the price is not known. The two brands will be incorporated in a new US unit, Lancaster Group (USA) Inc, which will sell Germaine Monteil products
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      • Article
        ABB buys E German firm
        69 4 ASEA BROWN BOVERI AG (ABB), the German unit of Swiss-Swedish group ABB Asea Brown Boveri, has taken over a second company in former communist East Germany. An ABB statement issued on Monday said it was taking over Automatisierungsanlagen Cottbus GmbH. The automation technology company, based
        69 words
      • Article
        Pac Gas to hold open season
        80 4 PACIFIC GAS and Electric Co unit Pacific Gas Transmission Co will be holding an open season from Feb 21 to March 13 for potential shippers on its proposed California natural gas pipeline expansion. Last month, the US Federal Energy Regulatory Commission approved the expansion
        80 words
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      327 3 1 11 call vou again tomorrow from the hotel. i W ANA HOTEL SINGAPORE 1., I!.!! H>J I tlt. !l I h-il.Ml K« .v. v.m.'i n l,f .In. I I ix l. l. v W\!lM\ i<N .'isr 1.-i "J I-'-'- Secure Your Share Of A Growing Automation Market! The 2nd
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      288 4 7-dav Fixed Deposits. matter how hard you work it, money never complains. So why let it rest? now >?* Fixed Deposits, so your funds stay BH| Bk m periods. Which adds up to ajHE U W S H fuller bottom line t |.|n iiiMMmi iiMiih i>nMin in if 'lli¥iPrT"»ifrr'Tr Our
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  • FINANCIAL NEWS
    • Article, Illustration
      Lock icon Bonn, London agree on slower monetary union
      552 5 FT GERMANY is willing to respect Britain's desire to "go slow" on fulfilling Stage 2, planned for 1994, of deepening European monetary integration, it emerged on Monday after talks in Bonn between Chancellor Helmut Kohl of Germany and Mr John Major, the UK
      FT  -  552 words
    • Article
      Lock icon Security Pac plans to launch fixed rate securities package
      362 5 Reuter SECURITY PACIFIC Corp's decision to launch a record US$l.3l billion (552.24 billion) offering of fixed rate securities backed by home equity loans resulted from a drop in US interest rates that followed a recent cut in the key discount rate.
      Reuter  -  362 words
    • Article
      Lock icon Former Russian minister to join European Bank
      272 5 FT THE FORMER minister of finance of the Russian Federation, Mr Boris Fcdorov, is to join the European Bank for Reconstruction and Development as a head of department. Mr Fedorov, 33, is the most senior Soviet citizen so far to be recruited by
      FT  -  272 words
    • Article
      Lock icon S Australia to look into bank's debts
      229 5 FT THE South Australian state government has set up an inquiry into how the State Bank of South Australia (SBSA) accumulated bad debts estimated at Asl billion (551.33 billion), apparently without being aware of the size of the problem. The government said Ken
      FT  -  229 words
    • SMALL CHANGE
      • Article
        Societe Generate to move ECU operations
        84 5 FRENCH bank Societe Generate will move most of its market-making operations in ECU-denominated instruments to London from Paris. The bank said in a statement that market-making in ECU-denominated French Treasury OATs will continue in Paris but other business would be handled in London by
        84 words
      • Article
        BNP's offer is unconditional
        70 5 BANQUE Nationale de Paris said its offer for Capital Leasing Group was unconditional in all respects. BNP said in a statement that it received Irish mergers, takeovers and monopolies clearance, the final regulatory hurdle for its recommended 44 Irish pence per share offer. On Jan 3,
        70 words
      • Article
        Stability in financial markets
        72 5 JAPAN and other major nations will continue to cooperate closely to help ensure stability in the currency and other financial markets, Japanese Finance Minister Ryutaro Hashimoto said. He also told the finance committee of the parliament's Upper House that Japan's domestic prices are generally stable now,
        72 words
      • Article
        Moody's downgrades NY bonds
        76 5 MOODY'S Investors Service has downgraded its ratings on US$l6.5 billion (Ss2B billion) of New York bonds. The rating service said New York, the biggest city in the United States, was highly vulnerable to further downturns in the economy and cuts in state aid. Moody's lowered its
        76 words
      • Article, Illustration
        Dollar$ & Non$en$e
        2 5 Dollar$ Non$en$e
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  • THE REGION
    • NOTE BOOK
      • Article
        Thai govt dismisses call to raise minimum wage
        81 6 THAI INTERIOR MINISTER Pramarn Adircksarn has brushed aside calls from the union movement for the government to use its influence on the Wage Committee to raise the daily minimum wage, according to The Nation. Workers from four major industrial areas of Bangkok
        81 words
      • Article
        New Cambodian peace mission
        60 6 CAMBODIAN FOREIGN MINISTER Hor Nam Hong is to fly to Bangkok on Friday for talks with Thai officials on peace efforts for his embattled country. Mr Hor is to meet Thai Prime Minister Chatichai Choonhavan during his stay in the Thai capital. He is expected to
        60 words
      • Article
        Viet coal trade deep in the red
        83 6 VIETNAM'S coal industry has hit a crisis point, causing thousands of lay-offs. The official IWhan Dan daily attributed the slump in Vietnam's domestic and export coal markets to poor quality coal, management's inexperience and inadequate infrastructure. One of the three large state companies,
        83 words
      • Article
        Call to prepare for disasters
        65 6 ASIA-PACIFIC COUNTRIES must introduce preventative programmes to save lives and reduce the crippling financial burden when natural disasters struck, said a senior United Nations official in Bangkok. Shah Kibria, executive secretary of the UN Economic and Social Commission for Asia and the Pacific, said it
        65 words
      • Article
        Canberra okays Gulf funding
        75 6 THE AUSTRALIAN GOVERNMENT has approved supplementary funding of As 69 million (about SsB7 million) for this financial year to cover Canberra's costs in the Gulf War. Defence Minister Robert Ray told parliament yesterday the extra funding was for costs linked to Australia's three warships serving with
        75 words
      • Article
        Vietnam, Laos sign trade pact
        55 6 VIETNAM AND LAOS have signed a new five-year trade accord that includes an agreement to use convertible currencies. Laotian Commerce and Tourism Minister Khamphoui Keoboualapha and Vietnamese Commerce Minister Hoang Minh Thang signed the agreement on Monday, laying the framework for an estimated US$l4 million
        55 words
      • Article
        Rothmans denies buying favour
        71 6 MULTINATIONAL tobacco company Rothmans said yesterday it had contributed funds to New Zealand's two main political parties but denied a claim it was trying to buy favours. Opposition Labour Party health spokeswoman and former health minister Helen Clark claimed last week that Rothmans had funded the
        71 words
      • Article
        Crime 'greatest threat' in PNG
        72 6 DEMOCRACY in Papua New Guinea is threatened by a collapse of law and order. Prime Minister Rabbie Namaliu, in addressing a national conference on crime on Monday, said: "Crime is the greatest challenge and the greatest threat facing our young nation." He admitted that the
        72 words
    • Article
      Lock icon Jakarta's high-voltage economy in for a shock
      487 6 Demand for electricity far exceeds supply Reuter INDONESIA, Asia's biggest oil producer, is running short of power with its economy on overdrive. "Never in our history has demand for electricity jumped like this," Artono Arismunandar, who is in charge of the country's electricity
      Reuter  -  487 words
    • Article, Illustration
      Lock icon Shoulder to shoulder, arms to arms
      66 6 Burmese Karen guerillas carrying a mix of weapons, including M-16 assault rifles and M-79 grenade launchers, while watching a boxing match at their headquarters on the Burmese-Thai frontier. The Karen, an ethnic minority which has fought central control for more than four decades, use
      AP picture  -  66 words
    • Article
      Lock icon Australian spaceport plan grounded by recession
      514 6 Reuter RECESSION has stalled Australia's dream of building the world's first private spaceport, but the idea may get off the ground eventually. The Australian company planning the world's first private spaceport is up for sale. But the Australian government says the concept of a
      Reuter  -  514 words
    • Article
      Opposition to Thai plan to replant forests
      340 6 BANGKOK'S attempts to revive a project allowing private companies to reforest deteriorated land have met with opposition from conservationists who claim the government is not able to see the woods for the trees. Two leading conservationists say the scheme will lead to more
      340 words
    • Article
      Lock icon Twin effect of US, Tokyo slowdown will hit E Asia
      238 6 UPI AMERICA'S economic recession and an anticipated slowdown of the Japanese economy in 1991 will combine to affect economies of some East Asian countries, a major Japanese commercial bank reported yesterday. "After maintaining a high growth rate on the strength
      UPI  -  238 words
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      Page 6 Advertisements Column 1
      354 6 NOTICE NOTICE IS HEREBY GIVEN that, I, Wong Chew Hwang of BDc 108 #06-26 Aljunied Crescent, Singapore 1438, have applied for a First Class Beer House licence in respect of premises at M/s Seafood City Restaurant at No. 2 Cactus Road, Singapore 2880, and that this application will be heard
      354 words
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      Page 6 Advertisements Column 2
      358 6 NOTICE NOTICE IS HEREBY GIVEN that, I, Seah Eng Seng of Blk 60 #02-213 Dakota Crescent, Singapore 1439, have applied for a Beer House, Fiist Clao licence in respect of premises at M/s Wong Fob Cafe at Blk 3004 Übi Ave 3 #*****, Singapore 1440, and (hat this application will
      358 words
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      Page 6 Advertisements Column 3
      130 6 NOTICE NOTICE IS HEREBY GIVEN that, I, Zaini Daing Basok of Blk 354 Hougang Avenue 7 #02-705 Singapore 1953, have applied for a First Class Public House Liquor Licence in respect of premises at M/s Jockey Bar at Mezzanine Floor, Shaw Centre, 1 Scotts Road Singapore 0922, and that this
      130 words
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  • THE WORLD
    • Article
      Lock icon UK inflation fight may be more painful than feared
      395 7 NYT AN UNEXPECTED surge in producer prices underlines the continuing virulence of British inflation, making it more difficult for the government to reduce 14 per cent interest rates anytime soon, economists said on Monday. The analysts said January figures provide stark
      NYT  -  395 words
    • Article
      Lock icon EC's farm budget out of control: memo
      229 7 FT European Community's agriculture budget is running out of control with a record increase of 7.9 billion ECUs (5518.6 billion) now forecast for spending on farm price supports this year, according to a confidential Commission memorandum. The new figure exceeds the budget approved
      FT  -  229 words
    • WORLD WATCH
      • Article
        Gorbachev sets earlier date for ending Pact
        123 7 S3 VIET PRESIDENT Mikhail Gorbachev has proposed scrapping the Warsaw Pact's military structure by April 1. He made the proposal to Czechoslovak President Vaclav Havel ii a message delivered on Monday by the Soviet ambassador it Prague, the Czechoslovak news agency CTK reported.
        123 words
      • Article
        Taipei investment still strong
        91 7 TAIWANESE businessmen continued heavy overseas investment last month, and foreign investment on the island also posted a hefty year-on-year increase. Taiwan's investment commission said on Monday that local investors ploughed US$275 million (Ss47o million) into overseas projects last month, topping December's US$267 million and nearly tricing
        91 words
      • Article
        N Korean shortage worsens
        94 7 NORTH KOREA'S chronic food shortage has worsened lately because of an unusually poor harvest last year caused by bad weather. South Korea's Information Ministry said in a report on Monday that food crop production in North Korea last year was estimated at 4.8 million tonnes including
        94 words
      • Article
        Seoul worried about job pattern
        49 7 SOUTH KOREA is seriously concerned that workers are increasingly leaving manufacturing for service and leisure industries, the government Economic Planning Board (EPB) said in a report yesterday. As a result, small and mediumsized industries were suffering from a serious shortage of manpower, it said.
        49 words
    • Article
      Lock icon Cairo aiming to become financial centre of M-E
      430 7 THE GULF Reuter EGYPT, which has found a new world standing because of its stance on the Gulf crisis, hopes economic reforms will turn Cairo into a financial centre for the Middle East, a senior government banker said. "We are aiming to
      Reuter  -  430 words
    • Article
      Lock icon Saudis expected to tap world markets for funds
      223 7 UPI SAUDI ARABIA is expected to enter world markets for the first time to borrow money to help finance the Gulf War and double the size of its military force. British economist Paul Rivlin said in Tel Aviv on Monday that the
      UPI  -  223 words
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      8 7 Hoynor staff take a pay cut, Pg 8
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      Page 7 Advertisements Column 2
      169 7 The Clever Investment The fundamental axiom of commerce is to buy low and sell h.gh Recently launched, the New Accord is already ha.led the best buy in its cla Ne e dless to say. for its value added, the demand for New Accord exceeds supply as scarcity elevates pr.ce A
      169 words
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  • Article
    Don't get too excited, hoteliers
    527 8 EDITORIAL SINGAPORE'S hotel industry seems to be one of boom alternating with gloom. And right now gloom is the forecast for the immediate future, no thanks to the dark clouds caused by the Gulf war. With occupancy rates having fallen to around the 50 per
    527 words
  • WHAT THE OTHERS SAY
    • Article
      Crime against society
      212 8 IF SINGAPORE is to tackle the problem of rape, a number of harmful myths need to be dispelled and attitudes need to be changed. Unless the crime is understood for what it really is, misconceptions will prevail. The Criminal Investigation Department has singled out enforcement and education
      212 words
    • Article
      Up to Gorbachev
      138 8 THE Lithuanians have established a bold precedence for the rest of the Soviet republics with their overwhelming vote for independence from the Soviet Union. Despite the soft words used by Lithuanian politicians towards the Kremlin, there is no denying that independence means Lithuania is a separate entity,
      138 words
    • Article
      Honeymoon over
      156 8 LITHUANIA has gone ahead to vote for independence in defiance of Mr Gorbachev, at a time when the Soviet Union is in a precarious position. Although the Lithuanian poll is not unexpected, it aggravates the confrontation between the Soviet central government and the various republics. Whether or not
      156 words
  • REGIONAL VIEWPOINTS
    • Article
      New Middle East order
      205 8 THE DAWNING of conceptual thinking regarding a new Middle East regional order in the post-Gulf War period, which was initiated by US Secretary of State James Baker, should not be considered premature. Of course, much will depend on how the war ends, and how soon Kuwait's
      205 words
    • Article
      Airport cover up
      141 8 IF CHINA seeks to restrict media access to the third round of talks on Hongkong's airport-and-port scheme in Beijing later this month, it will be another mistake to add to the catalogue of errors already made by both governments in handling the project. Refusal to grant visas
      141 words
    • Article
      Tokyo's role
      175 8 IF THE Gulf War is prolonged it is predicted that the US will request additional funds. One possible step would be placing limits on the nature and use of the funds contributed by passing a Diet resolution. The government and LDP took quick measures to indicate their unwavering
      175 words
  • Article, Illustration
    Lock icon Hard times, and getting harder
    1354 8  -  The battle for survival is being lost all over corporate Britain. Michael Cassell reports Michael Cassell FT IN a final, despairing effort to stave off the receivers, the 77 employees of Hoynor Trailers, a long-estab-lished manufacturer of car transporters, took a pay cut. The company
    FT  -  1,354 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      148 8 J Q Companies make news because they make V 1 IC profits or losses for you. m hbbba The Business Times' COMPANIES NEWS T Bfl E Ml E lMm pages are very widely read. f We reveal the latest deals in Singapore and the region, profile the movers and shakers
      148 words
  • Page 8 Miscellaneous
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  • ANALYSIS
    • Article
      Why capitalism will need the asset-strippers
      814 9  -  Hostile bidders, says The Economist, are not dead. They are just resting The Economist CORPORATE raiders make such convenient demons. Despite posing as champions of small shareholders, they have never been popular. During the 1980s they used fiendish new "junk" bonds to wreck scores
      814 words
    • Article, Illustration
      All the right connections
      2518 9  -  What is it about Chinese management which gives it amazing advantages over 'modern' methods? Matthew Montagu-Pollock, Finance Editor for Asian Business, finds out Matthew Montagu-Pollock MODERN management was invented about 100 years ago by an American engineer named Frederick Taylor, whose time and motion studies were
      2,518 words
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  • FOCUS
    • Article, Illustration
      Lock icon Tokyo offices join forces to recycle paper
      756 10 Combined effort helps to cut costs and save paper Asahi News Service WHILE the problem of ever-in-creasing garbage continues to be a headache for Tokyo, more than 20 offices of major companies in the city's central business district arc uniting in an effort
      Asahi News Service  -  756 words
    • Article, Illustration
      Lock icon Construction for destruction
      474 10 Reuter AN American company thinks it has the solution to a waste disposal nightmare costing billions of dollars each year products that can be pulled apart when ready for the dustbin and recycled. "Construction for destruction" is the idea advocated by Polymer Solutions, which has begun production
      Reuter  -  474 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      44 10 s iwißWf 1^ *> mi ii« HVZ. j> v xfttf-. jpfc* j| Omni Marco Polo Hotel t r f SINGAPORE t Informal yet elegant with classic Continental cuisine for lunch and dinner. FOR RESERVATIONS CALL 474 7141. EXT. 1920/1921 I i« OMNI HOTELS ASIA-PACIFIC Jh
      44 words
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  • SPORTS
    • Article, Illustration
      Lock icon Raoux defeats Goldie in US Pro Indoor
      616 11 AP GUILLAUME RAOUX scored a 6-4, 7-6 (9-7) win over Dan Goldie on the opening day of the US Pro Indoor tournament in Philadelphia on Monday and will face top seed Ivan Lendl in the second round. Raoux, a quarter-finalist in Paris last
      AP  -  616 words
    • Article
      Lock icon Pavin sets sights on winning majors
      210 11 AP NOW that Corey Pavin has his first PGA Tour victory in two years, it's on to bigger and better things like the majors. "I was tired of not winning tournaments," Pavin said after his playoff victory over Mark O'Meara at the Bob Hope
      AP  -  210 words
    • Article
      Lock icon North, South Korea to form unified teams
      200 11 AFP SOUTH and North Korea agreed yesterday for the first time to form unified sports teams, saying they would join forces for this year's World Table Tennis and World Youth Football Championships. The verbal "complete agreement" came in a meeting at the border
      AFP  -  200 words
    • Article, Illustration
      Lock icon Norman devastated after defeat
      298 11 Reuter AUSTRALIAN golfer Greg Norman, ranked number two in the world, said yesterday that he wept until dawn on a beach after narrowly losing one of golfs major tournaments. Norman, 36, has won only one major, the British Open in 1986, but has missed out on
      Reuter  -  298 words
    • Article, Illustration
      SPH gives a big lift to Tiong Bahru sports club
      198 11 SINGAPORE Press Holdings has donated $140,000 to the Tiong Bahru Constituency Sports Club. The money was handed over by the Chief Operating Officer of Singapore Press Holdings, Dennis Tay, to Ch'ng Jit Koon, Minister of State (Community Development) and Member
      198 words
    • Article
      Lock icon Magic Johnson shines off court
      362 11 AP MAGIC JOHNSON is not the oldest or most experienced player in the National Basketball Association. Yet, after 10 All-Star game appearances, he has become a Karnak of All-Stars, all-seeing, all-knowing and all-understanding. The All-Star MVP in 1989, Johnson was a secondary figure in Sunday's
      AP  -  362 words
    • SIDE LINES
      • Article
        O'Donnell wins top honours
        76 11 ONE-DAY specialist Simon O'Donnell, who has not played a Test match in five years, has won Australia s International Cricketer of the Year award. O'Donnell's win, announced in Sydney on Monday night, is a major surprise as he P»yed no part in Australia's 3-0 defeat of
        76 words
      • Article
        Barkdoll leads qualifiers
        81 11 PHIL BARKDOLL led the way on Monday in second-round qualifying for Sunday's Daytona 500. The veteran racer from Arizona improved from 305.584 kph in Saturday's first round of time trials to 309.956 kph, moving him up to 10th overall in the qualifying so far. "I told myself,
        81 words
      • Article
        Cox to play for Aston
        75 11 ASTON VILLA on Monday paid £400,000 for full back Neil Cox, who has played only 25 first team games for Fourth Division football club Scunthorpe. The fee equals the record fee paid for a Fourth Division player. Cox was to fly out with his new
        75 words
      • Article
        Lawson to ride for Cagiva
        67 11 EDDIE LAWSON of the United States, who has won four world 500 cc titles for Yamaha, will ride for the Italian stable Cagiva for the next two seasons. The firm announced on Monday that he will be partnered on the world championship circuit by up-and-coming
        67 words
      • Article
        Bids for World Cup
        83 11 ENGLAND and India are among eight countries which have put themselves forward to stage the 1998 World Cup. The International Football Federation (FIFA) said on Monday that Brazil, Chile, England, France, India, Morocco, Portugal and Switzerland were the contenders when the deadline passed for first applications.
        83 words
      • Article
        Second test for Kilmova
        98 11 RUMOURS that Soviet skater Marina Kilmova was on drugs when she won the European ice dance title with her husband Sergei Ponomarenko in Sofia last month will be put to the test in Germany. A Cologne laboratory has been given the task of analysing a sample
        98 words
      • Article
        Jackson-Ottey clash off
        107 11 GRACE JACKSON has ducked out of a confrontation with fellow Jamaican Merlene Ottey in England on Sunday. They due to meet over the rare indoor distance of 300 metres but Jackson haS switched to 200 metres. Ottey, the Commonwealth and Grand Prix champion, will be warming up
        107 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      295 11 Walk away Vouchers toni9ht Come Watch TION6 BAHRU CSC YS GEYLAN6INTERNATIONAL Venue: Jalan Besar Stadium Time :7.30 pm Singapore Press Holdings is sponsoring Tiong Bahru Soccer Team for $140,000. Two Brazilian players are being engaged to play for the team, adding more punch...and action! To win the Gift Vouchers, all
      295 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      1507 12 WHEBE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE Jj Specialities H I Choose from an extensive ala carte menu. Knag or try ope of our set menus which offer RHI a ten course gourmet meal, m KtH Experience new heights jfi <|&iing.
      1,507 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      710 12 TELEVISION AND RADIO Qorlrlom'c cp*r»rpf ***** I "tttAVZSZ _mrnmmm ijdvJvlcllll S Ovvl CL 7.30 AM CaMa Nms Natimfc (Nye). 6.00 HmlM) BSC, 59.9 mHz in VHF Band II '-30 P* ftmM k it. Or*. mmed to save her lifc cvcn 6.30 M». 7.10«. l JOp-, 5.10^ ■HVWVWWnHH !i' c|, re
      710 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Cozying up to the psychopath
      1351 13  -  Anthony Hopkins tells Bruce Weber about his role as yet another movie psychopath, and says he does it only because people have this affinity with psychos Bruce Weber NYT THE perversely twisted mind has always been a favourite subject of storytellers. From lago to Norman
      NYT  -  1,351 words
    • Article, Illustration
      Former managers file suit against Prince
      457 13 CHATTERBOX THREE of Prince's former managers have filed a lawsuit claiming the rock star owes them US$6OO,OOO and cost them potential commissions by making bad career moves against their advice. Robert Cavallo, Joseph Ruffalo and Steve Fargnoli claim breach of contract, fraud and badfaith
      457 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      283 13 AND ENTERTAIN AYen For Fresh Japanese Food. iKM re! 8-n I LUNCH: 12 NOON ts 2 TO 2.15PM a 8 DINNER: 6 50PM TO i £95 10 15PM EE EE I 9 8 PRICES subject I TO 10% SERVICE charge 4% cess. Unkai flies in fresh ingredients daily from Japan.
      283 words
    • Advertisement
      Page 13 Advertisements Column 2
      201 13 Your heart's vw in the right place Show your valentine an extraordinary evening. I Savour romantic creations in our 4-course mi San Valentino Dinner. m The Starting Point of smoked salmon salad Wffjfof Tasty Hearty Soup Exquisite Love Me Tender veal or Hooked By You garoupa fillet ■Ky Special Sealed
      201 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      STII jumps 16.8 points to hit six-month high
      4791 14  -  By SN Vasuki THE Singapore stockmarket closed firmer yesterday as investors picked up selective blue chip stocks. The market also received a boost from the strong showing of New York on Monday which sent share prices in Tokyo soaring. The Straits Times
      4,791 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4042 15 Main Board SIA Foreign 1390 40 I 3 0% DBS Foreign 1150 30 +2.7% SIA 1080 30 +2.9% FELS 50* 590 30 5.4% S Land Wits 271 f2l 8.4% SIA 200 1070 20 1.9% Asia Pacific 1030 20 2.0% Times Pub 360 20 5.9% Singmarine
    4,042 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      244 16 vompany Date Yur Gro«p N«t Net earnings Grata mr to pram/tots (L) par share dividend (*000) (cents) Ci£ Ian 14 Sep 90 $53,947 ($34,649) 30 8(22 5a) 15(85a) •W Jan 14 Sep 90 $53,080($62,868) 30 1(365) 17.9(179) rl Msia Jan 14 Sep 90 $1886(1402) 114(2.4) 20(5) Ixnes Pub
      244 words
    • Article
      PRELIMINARY RESULTS
      204 16 Company Data Yaar Group pra-tax Nat earnings Cross ana to profit/loss (L) per share dMdond (000) (cants) UUtt Feb 8 Dec 90 MJ198,464(1100.841) 52.3(34 6) 15(-) q Securities Feb 6 Dec 90 $3.029($2.130) 3.1(2.0) 10(7.5) M Cement Jan 17 Nov 90 M$61,313($39,640) 18 5(11.5) 68.3|(16TE) H leong Credit
      204 words
    • Article
      INTERIM RESULTS
      348 16 Umpaoy Oat* H«M-y«jr Group pre-tax lotorim ann to profit/loss (L) dhrMood ('000) EMI Feb 8 Dec 90 $600(1457) 50(-) Khonj Guan Jan 31 Oct 90 $139(5451) —(—> Intef-Pacifk Jan 26 Oct 90 M$63.497($55,405) 4(5) C entrepot* Jan 25 Oec 90 $10,309(57.926) 2.9(2.9) Beriaya Corpn Jan 24 Oct 90
      348 words
    • Article
      CORPORATE DEVELOPMENTS
      939 16 Band* Raya Development Bhd will launch the first phase of its billion-ringgit Capital Square protect in May this year Jycto Matheson Hoidngs. its subsidiary Strategy Holdings, and associates Dairy Farm and Mandarin Oriental have received approval to list their shares and warrants on the Stock Exchange of Singapore.
      939 words
    • Article
      DIVIDENDS ANNOUNCED
      250 16 Current Ex Books Date Total far Total for payaioot data doao pay aWe tfca yoar last yoar AMFfT 3C(e) Dec 14 Jan 3 Feb 18 3c 2 8C Asm* Find USSO 10(b) Mar 18 Mar 28 Apr 8 US$010 Mm SITE Feb 25 Mar 7 May 15 12
      250 words
    • Article
      RESULTS DUE
      557 16 Singapore Stocks Last Full Year Company Period Date *«ar AH EPS Grots Net mmtd en*x (cmts) (to profit t»t year (1*000) CM Padum Interim Nov 13 Dec 90 29 7 132 11.616(c) BMT Interim tan 10 Jun 91 254 2 150 0 773 took final Feb 16 Dec
      557 words
    • Article
      APPROVED ISSUES
      188 16 Company Rights Issue H Laong Cm»t Two-tor five MJ2 80 per share Ej-date Feb 21 Books dose Mar 7 Acceptance i Payment NY* Company Bonus Issue H Leong Cradt Three-tor live Ei-date Feb 21 Books dose Mar 7 Onental Hdgi One-torfrve Ex-date Feb 8 Books dose Feb 25
      188 words
    • Article
      BONDS, LOANS & WARRANTS
      705 16 BONDS, LOANS WARRANTS Cafury Cwwrriwi period ftwwlw ttnw «nr ordinary itoi C&C Wt Before 26/4/93 1 warrant plus $3 09 cash Causeway Loan Causeway Wt 2/10/89 to 20/10/94 1 warrant plus SO 77 cash or 1 warrant plus $0 77 nominal amount of loan stock Chum *9 Notts Own *9
      705 words
    • Article
      RECORD HIGHS & LOWS
      176 16 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 htft 1135 40 (12/2/91) jjf JjJJjjJ 1991 to«r *****2 (16/1/91) JJJ J" JJ9.M jjjWJJ 1990 h* 1435 43 (16/7/90) «J J* «£.12 /n /S/2 1990 loir 981 07 (09/11/90) [J* J? J2£ 11/5/2 1989 1322.00 (28/12/89) J®JW-76 26/ 2/89 1989
      176 words
    • Article
      COMPANY MEETINGS
      23 16 Weame Brothers Ltd: 76th AGM at 65 Chuha Street #33-00, OCBC Centre. Singapore 0104 on Wednesday, Feb 27, at 10.30 am.
      23 words
    • Article
      PROPOSED ISSUES
      255 16 Company Rights Issue Mom Oretor-two K$100 per share Issue of 40m Cumulative Redeemable Preference Shares of M$0 10 each at MSI per share with 10m detachable TSR Bait or One for four fr, M$2 00 per share FAC8 Capital Reduction Scheme to reduce par value of shares from
      255 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      356 16 NOTICE NOTICE IS HEREBY GIVEN thai, I, Parmjit Kaur of Bk 94 108-274 Henderson Road Singapore 0315, have applied for a Second Class Public House licence in respect of premises at M/s Casey's at 30 East Coast Road, Paramount Shopping Coolie 101-05/06 Singapore 1542 and that this application will be
      356 words
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      Page 16 Advertisements Column 2
      356 16 NOTICE NOTICE IS HEREBY GIVEN that, I, Tan KiatKoonof BDc 28 Lorong 6 Toa Payoh #10-310 Singapore 1231, have applied for a First Class Public House (Extended) bcrace in respect of premises at M/i Blossom Karaoke k Lounge at 192 to 196 Tanjong K along Road Singapore 1543 and that
      356 words
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      Page 16 Advertisements Column 3
      78 16 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
      78 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Overseas surge gives stocks a strong boost
      4076 17 Bernama SHARE PRICES in Kuala Lumpur yesterday soared 1.4 per cent in heavy trading, aided by a powerful surge on Wall Street overnight and the bullish performance of regional bourses. The KLSE Composite Index jumped 7.69 points to close at 526.01, its highest
      Bernama  -  4,076 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      125 17 I I I NEWS TRAVELS vX'-t- Jr Jl v;? ••-> 4 ALL ADVERTISING MESSAGES are effective. To varying degrees. In Singapore, when you want to reach out to a select target audience in the transport industry, only one daily offers you the advantage of maximum reach at minimum costs. And
      125 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Bulls raid the market after a long week-end
      2236 18 Reuter TOKYO STOCKS yesterday closed sharply higher but off their highs after active, heavy trade. The gains were broad-based and were spearheaded by aggressive foreign purchases as bullish energy from overnight Wall Street infected Tokyo players returning from a three-day weekend. "It
      Reuter  -  2,236 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Market closes barely firmer in confused trade
      2073 18 Reuter HONGKONG stocks yesterday ended barely firmer in confused but robust trade, brokers said. The blue-chip Hang Seng Index gained more than 30 points in the first half-hour after the opening in a flurry of enthusiastic buying sparked by a stocks surge in
      Reuter  -  2,073 words
  • Page 18 Advertisements
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  • REGIONAL STOCK MARKETS
    • Aussie stocks surge to four-month high
      • Article
        AUSTRALIA
        1003 19 A FURIOUS morning buying spree which sent the Australian share market soaring to its highest close in more than four months yesterday had brokers heralding the start of the next bull run. The All Ordinaries Index surged more than 33 points to a high of 1398.7 in morning trade,
        1,003 words
      • Article
        SEOUL
        865 19 SEOUL SHARES were bolstered yesterday by soaring offshore markets and closed sharply higher in active trade as a buying spree ahead of Lunar New Year lifted the market, brokers said. The Composite Stock Index ended the day at 648.11, up 18.54 points from the previous session. Turnover was ac-
        865 words
      • Article
        TAIPEI
        320 19 THE Taiwan Stock Exchange was closed yesterday for the Chinese New Year holiday. It will re-open on Feb 19. On Monday, the weighted index rose 188.73 points (4.2 per cent) to close at 4,729.65 on a turnover of NT568.85 billion. Taipei Feb 11 NTS All Sinccrc Indus 12.70 +0.2
        320 words
      • Article
        NEW ZEALAND
        226 19 PROFIT TAKERS and a drying up of orders pared the New Zealand share market's 3.5 per cent morning gain to a rise of 1.6 per cent at the close. The Barclays Index Estimate, which was up 49.93 at the morning close, ended 23.62 higher at 1,430.56. Brokers said
        226 words
      • Article
        BANGKOK
        751 19 THAI STOCKS advanced sharply yesterday after big gains in New York and Tokyo, but prices closed off highs on late profit-taking on finance firms and second liners, brokers said. The SET index rose 22.08 points to a five-month high of 767.30. Turnover soared to 135,907,311 shares worth 7.14. billion
        751 words
      • Article
        MANILA
        493 19 PHILIPPINE share prices opened stronger but closed off the session's high after investors took profit yesterday. The Manila Stock Exchange Composite Index rose 10.73 points to close at 887.41. The combined volume at the two bourses slipped to 1.81 billion shares from Monday's 2.17 billion but value rose to
        493 words
      • Article
        Untitled
        734 19 Jakarta Keb 8 Kupiah VoH'OO) Abda 2500 Ahap Insurance 3750 Alumindo Pcrkasa Utama 7750 unch 10 Aqua Golden Missisipi 9500 Argo Panics ***** 100 240 Aster Jawa 2500 Astra Graphia 8100 -100 50 Astra Int'l Inc ***** 100 795 Asuransi Bintang 7950 Asuransi Dayin Mitra 7000 Asuransi Jiwa Panin *****
        734 words
      • Article
        INDICES & TURNOVER
        86 19 INDICES TURNOVER Close Keb 12 Previous SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1,385.6 2,170.3 788.4 121.61 1,366.4 2,140 4 777.3 74.82 19.2 29.9 11.1 46.79 BANGKOK SET Index Turnover (million baht) 767.30 7,140 745.22 6.200 22.08 +940 JAKARTA Composite Index Closed 381.23 MANILA Composite
        86 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        347 19 FEB 11 Index In local currency S day year change change In S$ day year change change In LSS day year change change World tEAFE Europe Pacific Far East 383.8 496.7 388.1 822.2 1069.2 0.8 0.7 1.5 0.1 0.0 7.2 5.7 6.5 5.0 4.9 0.8
        347 words
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  • WORLD STOCK MARKETS
    • Wall Street stages another big rally
      • Article, Illustration
        NEW YORK
        1263 20 THE WALL STREET stock market beSin the week with a bold rally on Monay, as investors bet that the US will soon pull out of recession and that the worst of the economic news has been absorbed. The Dow Jones industrial average closed with a large gain of
        1,263 words
      • Article, Illustration
        LONDON
        882 20 UK SHARES were becalmed at lower levels just after midday yesterday, having slipped in mid-morning after an early rally prompted by sharp rises on Wall Street fizzled out. "Everyone is starting to think that we've gone too far too quickly. There is no doubt there was a bit of
        882 words
      • Article
        ZURICH
        350 20 SWISS SHARES traded slightly lower at a lively midsession yesterday as prof-it-taking and the expiry of Soffex options on Friday erased early strong gains of more than one pet, dealers said. But traders said the selling, which centred on blue chips, was easily absorbed by the market. The all-share
        350 words
      • Article
        PARIS
        226 20 FRENCH SHARE PRICES turned lower by midsession after a buoyant opening yesterday, in what dealers described as a return to reality after a heady rise late last week. "It's the dawn of reality...lt just shows how shaky sentiment is," said one dealer. Dealers cited a realisation there was little
        226 words
      • Article
        MILAN
        199 20 PROFIT-TAKING, which emerged around half-way through the session yesterday, pared early gains although Milan stocks still closed higher overall. "It was an obvious correction after a prolonged advance," said one broker. "I was ready to take profits now." The MIB all-share index closed 0.58 per cent higher at 1,032,
        199 words
      • Article
        FRANKFURT
        174 20 GERMAN SHARES started mostly lower in a quiet market yesterday, though some stocks bucked the lower trend to show isolated gains. Dealers said lower German bond prices and growing concern about the sharp rise in US stocks was weighing on the market. US prices are now almost at the
        174 words
      • Article
        AMSTERDAM
        255 20 DUTCH SHARES stood lower in hesitant trade at midsession yesterday following a fall in stock prices in London and a weaker dollar, dealers said. Stock markets in Europe had started firmer on Wall Street's surge on Monday, but the effect ebbed to leave prices lower. "People took profit as
        255 words
      • Article
        JOHANNESBURG
        323 20 JOHANNESBURG gold shares shares extended Monday's losses in quiet early trading yesterday as world bullion prices lost further ground, but industrials remained buoyant, dealers said. At 10:15 the JSE All-Gold Index had slipped further to 1040 after easing to a 1062 close on Monday, but the industrial index was
        323 words
      • Article
        TORONTO
        203 20 TORONTO STOCKS trailed a surging Wall Street, rallying for a ninth straight day with sharp gains in 12 of 14 sectors on Monday, dealers said. "People not wanting to miss the bandwagon are jumping in for sure," said Ted Norris, a senior vice-president with Nesbitt Thomson Deacon. The Composite
        203 words
      • Article
        BRUSSELS
        159 20 BELGIAN SHARES yesterday opened higher in trading described by dealers as among the busiest in months. Trading worth 196 million francs was done within 15 minutes. "It's really busy. Booming foreign markets are pulling the others up, as are lower interest rates," one dealer said. Generale de Banque's shares
        159 words
      • Article
        Untitled
        121 20 Feb II Ooae Previous NEW YORK Dow Jones 2,902.23 2,830.69 +71.54 NYSE Financial 143.89 139.67 +4.22 S&P500 368.57 359.34 +9.23 Turnover (million) 265.35 187.8 +77.55 LONDON Financial Times 30 1,793.7 1,760.2 33.5 FTSE 100 2,279.0 2,245.2 33.8 Turnover (million) 478.4 380.2 98.2 AMSTERDAM CBS Tendency Index 83.7 81.9 +1.8 FRANKFURT
        121 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Bearish outlook for US$ after an all-time low against D-mark
      1247 21 REPORT THE US DOLLAR started steady in early European trade, but dealers said the outlook for the currency continued bearish, after it hit a new all-time low against the mark in US trade on Monday. At 1.4475/80 marks the dollar
      1,247 words
    • Article
      INTERBANK FOREX RATES
      392 21 Cross rates Fcb>2 USS S$ MS Dm Yen SFr A$ NZS USS 1.7085 2.6880 1.4470 127.60 0.5010 1.2375 1.2804 1.6598 SS 0.5853 1.5733 0.8469 0.7469 0.2932 0.7243 0.7494 0.9715 M$ 0.3720 63.56 0.5383 0.4747 0.1864 0.4604 0.4763 0.6175 Dm 0.6911 1.1807 1.8576 88.18 0.3462 0.8552 0.8849 1.1470
      392 words
    • Article
      MONEY MARKET
      559 21 Interbank rates s$ (>ffeT Overnight 4 1/2 4 5/8 t-month 4 7/16 4 9/16 2-month 4 1/2 4 5/8 3-month 4 9/16 4 11/16 Overnight mode: 4-3/8 USS Bid Offer 7 days 6 1/2 6 5/8 1 month 6 7/16 6 9/16 2 months 6 9/16 6 11/16
      559 words
    • Article
      Lock icon US credit market likely to be firm: analysts
      429 21 Reuter THE US treasury market may be range-bound with limited downside in the short term, before resuming its upward long term trend, technical analysts said. A few options analysts predicted the March 30-year futures would hover around an "artificial" level around 98
      Reuter  -  429 words
    • Article
      FINANCIAL FUTURES
      1140 21 SIMEX Eunocoiuur Open High Low Sett Est Vol Op/lnt Vol Mar 91 93.33 93.34 93.33 93.33 2734 ***** 1886 Jun 91 93.44 93.45 93.43 93.43 4604 ***** 2265 Sep 91 93.33 93.34 93.33 93.34 307 4435 614 Dec 91 93.00 93.02 93.00 93.02 330 4672 329 Mar 92
      1,140 words
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  • COMMODITIES
    • Article
      Lock icon Natural rubber prices tumble as car demand slows
      388 22 Reuter A SLUMP in the European and US car industries has pushed natural rubber prices down to levels last seen before the 1986/88 Aids-related boom, analysts said. "The market is weak entirely because of expectations on the demand side with car sales
      Reuter  -  388 words
    • Article
      Lock icon North Sea oil companies lured into deep water drilling
      308 22 Reuter INSPIRED by deep water drilling in the Gulf of Mexico and off Brazil, North Sea oil firms arc being lured into previously untried depths off the edge of the continental shelf. Geologists reckon most of the easily developed oil reserves
      Reuter  -  308 words
    • Article
      Softer silver price sends gold lower in thin trade
      875 22 REPORTS HONGKONG: Gold ended lower in thin and quiet trade on long-liquidation and speculative selling triggered by a softer silver price after Europe opened, dealers said. "Late selling pressure on bullion which pressured the metal to breach a psychological support of
      875 words
  • Article
    PRICES
    1422 22 Rubber Feb 12 S ctnis/kg Noon Close Int I KSS I'rompt 143 00/I44.00N I43 2VI44.25N Int I RSS Mar 91 144.75/145.25 *****/145 50 Int I KSS Apr 147.50/148 00 148 00/148 50 Int 2 KSS OP 142 00/144 OON I42 0Q/I44 00N Int 3 KSS OP 137.00/139 OON I3700/I3900N
    1,422 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      1233 22 NOTICES IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER Of CHIN WAH HENG PROPERTY CO PTE LTD (Incorporated in the Republic of Singapore) (In Liquidation) (In members' voluntary winding up) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being voluntarily
      1,233 words
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      Page 22 Advertisements Column 2
      13 22 I I Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      13 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    962 23 City Flight ETA Flight no Aha Dhabi GA895 1225 AdotaMo QF81 2010 QF82 SQ227 2115 2200 Amsterdam GA895 KL813 1225 1525 KL814 SQ24 1730 2215 Athens 0A471 0015 Auckland IMZ25 SQ388 1825 2030 NZ28 1950 M*r$«f BI421 SQ181 BI429 1105 1410 2030 SQ182 BI422 B1430 0915
    962 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Where the 'goats' rule the roads
      695 23  -  POSTCARD FROM HAVANA By Pascal Fletcher THE streets of Havana and other Cuban cities are being filled with "goats." As fuel shortages bite across the communist-ruled Caribbean island and reduce the number of cars on the road, people are turning increasingly to imported Chinese
      695 words
    • Article
      MONEY CHANGER RATES
      146 23 As at 3pm yesterday; Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3260 1.3460 Canadian dollar 1.4650 1.4850 NZ dollar 1.0180 1.0580 Sterling pound 3.390 3.420 US dollar 1.7020 1.7170 Local dollars to 100 units of foreign currency Austrian schilling 16.50 17.50
      146 words
    • Article
      WORLD TRADE EXHIBITIONS
      86 23 Duration Title Venue Organiser Tej Duration Title Venue Organiser Td Feb 13-17 International Spain Fcna Zaragoza (34)76/*****0 March 3 Trade Fair Germany Und Kongress Wa,cr Fa,r Protection Feb 28- 14th International Milan Trade Associazione 02/*****04 Feb 19-21 Air Traffic Holland Expoconsult (0707)*****5 March 4 Exhibition Of Fair.
      86 words
  • Page 23 Advertisements
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      256 23 I Central j^H as occupational opening 9 Not yet out to introduce af 10 Fellow on a fiddle is the Ti i I I I first to join undercover 11 It could cause the downfall 12 Complaint when the Right a _l!l^ 13 Tropical palm found in two fljf VH
      256 words
    • Miscellaneous
      Page 23 Miscellaneous Column 2
      217 23 Singapore Outlook: Showers over several areas in the late afternoon and early evening. Forecast: Maximum temperature 30.5 Assoc humidity 68% Minimum temperature 23.5* C Assoc humidity 94% Hours of sunshine I 05 Rainfall in mm Nil Rainfall this month 7.1 Rainy days this month 3 World forecast Asia-Pacific Hi/Lo* Cond.
      217 words
    • Miscellaneous
      Page 23 Miscellaneous Column 3
      25 23 PoSM SOOR UJCi< 11l KGJE.P ft LOPOeD \c-COSCWB UOBPS cmsm^}Mni-TOP RVGMT UP>*D POC UJITVt >jou V V f §3gS 0367 EVENING STANDARD CO. LTD IM3-IMI
      25 words
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  • Article
    Lock icon M'sia's November trade surplus first since June '90
    439 24 Exports and imports down from preceding months Bernama MALAYSIA achieved a turnaround in her balance of trade in November last year, registering a surplus of M 5531.5 million (*****.4 million), the first since June 1990. The statistics department said in its latest
    Bernama  -  439 words
  • Article
    Gulf crisis fuels 23pc hike in Thai domestic airfares
    310 24  -  From Michelle Rowe in BANGKOK THAI domestic airfares will go up 23 per cent because of a rise in fuel costs since Iraq's invasion of Kuwait last August. International passenger fees at the popular tourist spot of Phuket would also be
    310 words
  • Article, Illustration
    Lock icon Bangkok to invite foreign bids for power plants
    376 24 Agencics THAILAND will for the first time seek international bids from private companies to invest in and build 12 of 59 new power plants planned for 1993-2001, a government spokesman said. He told reporters in Bangkok yesterday that this was part of
    Agencics  -  376 words
  • Article, Illustration
    Lock icon Israel wants to help wipe out Scud launchers
    496 24 THE gGMir WAR. Agencies AN ISRAELI official said yesterday that Defence Minister Moshe Arens had sought US approval for Israel to play a role in wiping out Iraqi missile launchers. Earlier, Mr Arens was reported to have told US President George Bush
    Agencies  -  496 words
  • Article
    Lock icon Kuwait rules out quick return to parliamentary govt
    318 24 Reuter KUWAIT'S government-in-exile has ruled out a quick return of the Parliament it dissolved in 1986, setting itself on a collision course with pro-democracy activists. In Monday's announcement, the exiled government also refused the activists' request for speedy elections in a Kuwait
    Reuter  -  318 words
  • Article
    Lock icon Japanese firms will put more money into China in 1991
    540 24 Reuter JAPANESE firms will lend more and invest more in China this year but anxieties remain over inflation and long-term political stability after the 1989 military crackdown, traders and bankers said yesterday. They said the unresolved question of China's political
    Reuter  -  540 words
  • Article
    Lock icon Manila wants all US troops out by '96
    458 24 AFP THE PHILIPPINES wants all American troops out of the country by 1996, when a proposed phase-out period for US bases ends and a regional security arrangement will have been forged. The two countries entered on Monday the final round of talks
    AFP  -  458 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      146 24 |M I The Richness Of Leather Handmade To Perfection. CANADIAN SINGAPORE A Canadian education offers Instruction provided by certified Canadian teachers A curriculum developed in accordance with Ontario Ministry guidelines An internationally recogni/ed diploma the Ontario Secondary School Diploma (0 SS 0) -to graduating students Eguivalency credits for previous academic
      146 words
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      Page 24 Advertisements Column 2
      34 24 [H MDRESCZI —II The Richness Of Leather Handmade To Perfection •> For the Professional Portfolio Manager INVESTAWATIC An On-line Investment Research System for Far East Equities I SINGAPORE 225-1595 MALAYSIA (03) 261-5331 HONG KONG 877-2284
      34 words
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  • Shipping Times
    • Article, Illustration
      Courier firms still going strong in Mideast market
      460 25  -  THE GULF «99A WAR By Rahita Elias NEARLY one month into the Gulf war, courier firms operating in Singapore are still going strong in the Middle East market. However, given the war's disruptive impact on air links in the region, shipments would
      460 words
    • Article
      French yard wins US$1.3b M'sian deal
      297 25 MALAYSIA has awarded a contract, worth an estimated US$l.3 billion (552.2 billion), for the construction of five liquified natural gas (LNG) tankers to a French shipyard. The contract will be signed today between Malaysia's national petroleum company, Petronas, and French shipyard Chantiers de l'Atlantique.
      297 words
    • Article
      Lock icon US embargo blocks Vietnam from leasing Dutch plane
      475 25 Reuter WASHINGTON'S trade embargo against Hanoi has prevented Vietnam Airlines from leasing a Boeing 737-300 from a Dutch airline, aviation officials in Hanoi and Amsterdam said this week. Amsterdam-based Transavia Airlines had agreed to lease the aircraft to Vietnam Airlines for one
      Reuter  -  475 words
    • Article
      Lock icon Polish carmaker closes plant for a new assembly line
      340 25 Reuter POLAND'S biggest carmaker FSO closed down on Monday for seven weeks to clear its plant in readiness for a new assembly line producing cars designed by Fiat or General Motors. FSO spokesman Zbigniew Skoczek said the company would dismantle the
      Reuter  -  340 words
    • Article
      Lock icon US air industry faces costly war over fares
      293 25 Reuter THERE was yet more bloodletting in the airline industry on Monday, with US carriers announcing big job cuts and stepping up a costly price war they can ill afford but dare not ignore. The fare war, coming on top of recession
      Reuter  -  293 words
    • Article
      MISC investing US$8m in new containers
      377 25  -  By Dexter Lee MALAYSIAN International Shipping Corporation (MISC) is investing an estimated US$B million (S$ 13.6 million) in new containers as part of a plan to keep annual container leasing costs low. Yesterday, the Malaysian national carrier signed a contract with domestic container manufacturer
      377 words
    • Article
      Lock icon NZ airline to continue service despite substantial losses
      240 25 AFP AUSTRALIAN transport magnate Sir Peter Abeles has pledged his continued support for the loss-incurring Ansett New Zealand airline. "We're here to stay," he told a press conference after meeting Prime Minister Jim Bolger. Ansett runs air services in competition with Air
      AFP  -  240 words
    • NEWS SUMMARY
      • Article
        Importance of securitisation
        66 25 JUST as the concept of containerisation which excited only a minority of shipping companies 30 years ago has revolutionised the entire universe of general-cargo transport, so the concept of securitisation is thought to be likely to have no less an impact on the industry than containerisation by
        66 words
      • Article
        Drop in demand for ship financing
        39 25 DEMAND for ship financing has dropped since the onset of the Gulf crisis last August as clients defer purchasing decisions due to economic uncertainty and high interest rates, shipping sources said Back Page
        39 words
      • Article
        USAir laying off 6pc of its staff
        42 25 USAIR INC is laying off 3,585 employees, including 660 pilots, as part of major new reduction in flights to try to survive through the current period of slumping traffic and high fuel costs Back Page
        42 words
      • Article
        Sabena's restructuring plan
        33 25 BELGIAN airline Sabena presented a restructuring plan to its major shareholder, the Belgian government, in Brussels on Monday in a bid to overcome worsening financial losses, sources said Back Page
        33 words
    • LOG BOOK
      • Article
        Daewoo yard workers continue strike
        81 26 THOUSANDS of workers at the giant Daewoo shipyard went into the fourth day of a strike on Monday, while about 1,000 workers assigned to the shipyard's defence-industry department went back to work following a government warning. I ifty-one officials led by union president Paek Soon-Hwan
        81 words
      • Article
        Fire onboard US ship
        75 26 1 IRE HIT a US ship off the southern Indian coast, killing at least one sailor and leaving five more missing. The blaze roared through the engine room of the Stonewall Jackson on Saturday as the ship sailed 450 km off the port of Cochin in
        75 words
      • Article
        Interest picks up in W Africa
        75 26 INTEREST to ship crude out of West Africa has picked up significantly and further cargoes were again seen coming from the area, brokers said. As overall tonnage availability for February has tightened, the region s tanker market has recently shown gradual advances in rates
        75 words
      • Article
        Ore ship sinks in Pacific Ocean
        68 26 A SOUTH KOREAN vessel carrying 150,000 tonnes of ore sank in the Pacific Ocean but all 28 crew were rescued, Japan's Maritime Safety Agency said. The 82,014 gross tonne Salvia sank near Minami Torishima Island, 2,000 km east of Tokyo. The South Korean crew
        68 words
      • Article
        Nigeria carries 1.5m passengers
        82 26 NIGERIA AIRWAYS carried 1.5 million full-fare passengers on its national and international network between January 1989 and September 1990. The airline, which is undergoing restructuring to deal with economic difficulties, carried 858,007 passengers in 1989, 647,841 on its domestic routes, 107,784 elsewhere in Africa and in
        82 words
      • Article
        MD-80 pilots may get more pay
        90 26 AN ATTRACTIVE contract will make pilots for AMR's American Airlines among the highest paid in the industry, the Allied Pilots Association said. If the package agreed on Saturday is approved, top scale MD-80 captains will be making more than their counterparts at industry-leader Delta
        90 words
    • Article, Illustration
      Lock icon The future of ship financing
      1559 26  -  Banks may be unwilling to provide the large sums required for fleet renewal in this decade. Peter Douglas argues that securitisation of ship mortgage debt could revolutionise ship financing Peter Douglas Seatrade Business Review JUST as the concept of containerisation which excited only a minority
      Seatrade Business Review  -  1,559 words
    • Article
      TRANSPORT DIARY
      974 26 March 5-7: Shipping 2000 Towards Improved Shipping Operations Over the Next Decade, organised by Institut Kelautan Malaysia (IKMAL), Hilton Hotel, Kuala Lumpur. March 12-17: Aviation/Airport Support '91, Manila, Philippines. March 26-28: SingaPort 91 International Conference for the Maritime Industry, organised by Times Conferences, World Trade Centre. For further
      974 words
    • Article
      THE SHIPPING GUIDE
      11829 34 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
      11,829 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        523 41 «nu» Voy No B«rth Vmii Dtparti™ Keppd Wharves B Kenanga 2/91 K3? alongside 1502/2300 Bays*ater 118 ****** *30 alongside 1202/1400 BuMita Kamys 1 H33 atongside 12 02/2300 Cora Pcess 05A (P) *29 alongside 12 02/1745 Kota Ratu E 889 K31 aior*side 1202/2300 Tapnta 2103 C09 alongside 15
        523 words
      • Article
        CONTAINER SCHEDULE
        1302 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rs#s Voy No Elb/Btr Period From To From cxiade 34A 13/1500 1 12/1500 12/1659 12/1900 ifx 9 15/0700 2 12/1700 13/0659 13/0900 S 3 13/0700 13/1159 13/1400 4 13/1200 13/1459 13/1700 k iftiN 14/1000 2 12/1700 13/0659 13/0900
        1,302 words
      • Article
        IN MALAYSIAN PORTS
        356 41 Port Klang Berth at South Port on Feb 12: 1: nil; 2: Victoria Cob 3 Shoryu, 4 ml; 5 ml; 6 Pelita; 7 Megah Brooke I; 7A Itkas Venture; J.Shell: ml KCT: 8: Wan Hai 202; 9: Gulf Bridge. 10; Ever Genius North Port: 11: ml; 12
        356 words
    • Article
      DAILY FREIGHTS
      1121 41 CHARTERING on the dry cargo freight market on Monday featured active time-char-ter and coal fixings at firmer levels, brokers said. The Baltic Freight Index rose a further nine points to 1,553. The Index has risen 87 points since Jan 30. However, the US Gulf to Japan timecharter sub-index
      1,121 words
    • Article
      Lock icon Gulf hostilities affecting demand for ship financing
      572 42 THE GULF flsn Reuter DEMAND for ship financing has dropped since the onset of the Gulf crisis last August as clients defer purchasing decisions due to economic uncertainty and high interest rates, shipping sources said. Already depressed by the worldwide tightening of credit,
      Reuter  -  572 words
    • Article
      Lock icon Sabena presents restructuring plan to government
      260 42 AFP BELGIAN airline Sabena presented a restructuring plan to its major shareholder, the Belgian government, in Brussels on Monday in a bid to overcome worsening financial losses, industry sources said. They said the plan, expected to be made public yesterday, involves large-scale injection of
      AFP  -  260 words
    • Article
      Lock icon USAir to cut its work force by 6 per cent
      603 42 NYT USAIR INC is laying off 3,585 employees, including 660 pilots, as part of major new reduction in flights to try to survive through the current period of slumping traffic and high fuel costs. The cut, which is about 6
      NYT  -  603 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      10 25 USAir to cut its work force by 6pc, Back Page
      10 words
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      Page 25 Advertisements Column 2
      129 25 I HI UNITED EUI9 lIASNGI SERVICES FIE LTD Container Schedule 17 Daily Frwghts 17 Index to Advertisers 3 Shipping Gude 10.11 Shps m Port 17 Singapore Tries 17 Transport Diary 2 Weather and Sea Condrtons 17 Hotel service wars Those frequent flyer programmes SINGAPORE I VOl '5 No? "~"~~.."1 Z
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      101 26 FOR WHO, WHAT, WHERE AHD WHEN 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
      101 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      2162 27 JAROINI SHIPPING AGENCIES AlllM MO Cantonment Road 012 05 Southpomt Singapore 020* JnMwmw no rs ■ffima TERMINAL.CFS Tel *****18 220 EWFAAAfIfI BOOKINGS Tel *****34 258 L %CCGf J SAKA JARDINE SHIPPING AGENCIES SON BHD ORT KELANG TEL ******8 MA***** MA***** PCNANG TEL *****4 TELEX NO MA4OO/3 CfS TEI *****6 D.-Ju.lh-J
      2,162 words
    • Advertisement
      Page 27 Advertisements Column 2
      1235 27 INDEX] TOMVEKIISERS Page Col Pige Col I X Line Fast Pic 14 1 I Liner Shpg 16 3 ABC Containciline 13 5 Lizena 15 1 Accord Group 8 1-3 «Lloyd Brasileiro 12 3 AFS 15 I Uoyd Triestino 4 1/2 Ahrenkiel Liner 16 3 Lucky Seaway 15 3 Albatros Sea-Air
      1,235 words
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      Page 27 Advertisements Column 3
      2198 27 macmnasm NEXT SAILING TO U.S.A. LINDOE MAERSK V.9104 HA 19/2/91 Vessel Voy ETA ETO "Port 'Penang DESTINATIONS Singapore Kelang This Imdoe Maersn 9104 by 19/2 oeoo hrs ram 4 MHIHHH i^Hi Cf s if? ?359 HRS M Tauio OAK LGB MOU MEM ATL MIA CHS BAL PHL NVC MON TOW
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      1286 28 |rottedam/| VOY NO S PORE SOUTHAMPTON HAMBURG ANTWFRP LE HAVRE ifIHH HAMBURG EXPRESS 01/516 14/2 7/3 5/3 4/3 4/3 M^SUMi HANNOVER EXPRESS 01/518 17/2 5/3 9/3 11/3 12/3 C T«rtii«n KOWLOON BAY 99/519 21/2 12/3 16/3 11/3 11/3 I AIt'toTWUNOI THAMES 04/521 24/2 13/3 16/3 18/3 19/3 KEUNG CA«O OSAKA
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      Page 28 Advertisements Column 2
      609 28 Ir DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISLA FLOREANA 22-2X/2 11/3 13/3 19/1 V! ALSO ACCEPTINC CARGO VIA SUVA TO LAUTOKA. PAGO PAGO APIA ft NUKUALOAFA DIRECT CHILE SERVICE SIN IQO ANF VAP CALLAO SAN N (PERU) ANTONIO Ji ISLA FLORE ANA 22-28/2 1/4 3/4 6/4 7/4 8/4
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      Page 28 Advertisements Column 3
      1340 28 KltlAilll &SSTB REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE fSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) lORASIA SUN 9049-3 15/02 02/03 03/03 08/03 09/02 10/03 11/03 12/03 13/03 40RASIA PEARL 9050 3 18/02 10/03 11/03 15/03 16/03 17/03 18/03 19/03
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      1888 29 Steamers Maritime Holdings Ltd krv P&O fITIWSTRAITS SHIPPING I VML f— Singapore ta Brawl, East Malaysia. Containers M jw j Voy No P Klang S'poie S'ton H'burg B haven R"dam Lob HAMBURG EXPRESS 01,516 »*****,02 14 08 0703 OM>3 0303 ACCEPTS DUE SAILS MANNOvERfcXP 01,518 +BSER!O«ffi 17 02 DMI3 0/
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      Page 29 Advertisements Column 2
      1446 29 TQ- U S A /PANAMA FM; U,S,A,/PANAMA SP OAK LGB cm FOB SAV NOR NTC NTC NOR SAV C*l LGB OAK SP CMOTANG PARK IF 107 10(3 12/3 11/3 2M 27/1 2*l »3 JAPAN SENATOR HA 105 21/1 »1 »1 2*l M JO W NEW YORK SENATOR CF 101 2<M
      1,446 words
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      Page 29 Advertisements Column 3
      352 29 ISSS STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS 1 C ,BSS SKST VOV. NO 15 15 14 Spore SLD W 23/2 P. Keljng IN PT 17/2 Penang Vinjon Mongla ChittJgong Calcutta Yokohama Nagoya Osaka Scflboku Hochiminh NOTE ALSO CALLINC OTHER JAPANESE PORTS, HONGKONG, TAIWAN t CHINESE PORTS, SUBJECT
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      721 30 f CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL.VOY S PORE RDAM ADAM H BURG BREMEN ANTWERP MATARAM.2BNB In Pt 2/3 »3 2/4 4/4 TRIAS UNITY «CWB 8/3 V* 15 J®'* SRIWIJAYA 31WB 29(3 VS 'P W fast transit time ACCEPTING BREAKBULK/CONTAINERISED CARGO 3ob|ect to Induccmanl. Alto »cc*ptlng cargo
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      Page 30 Advertisements Column 2
      867 30 J4 yfc 'M. HANJIN SHIPPING FEEOER VSL SIN LINE HAUL LAX OAK S port ILEH RTM ANR HAM BRV FEL HANJIN ROT TEROAM 012E I*2 H POHANG 107E 25/3 27/3 HANJIN LEHAVRE OUW 17 2 3 8.3 9 3 9 3 11.3 12 3 CHOYANC VICTORY 002E 2S/2 H TOHANC
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      Page 30 Advertisements Column 3
      1336 30 -J. T J P- PKL SCP HKC KSG KLC PUS HUT OSK NCY Stl2 TYO LAX CMS BAL NYC LHV AN* ROM THP MBC PSO CUB PKL SCPI CRI OU M 2V2 W 1/3 23 13 4/3 IS/3 273 2*3 W3 W M 1M iIH UK W 2/5 V> IE
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1744 31 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: A UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48\ TERMINAL OFFICE :*****22 DOCUMENTATION DEPT: *****44/ *****14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 K.L*(O3) E *(03) *****87, Penang-(04) *****0, J.Bahru-(07) *****3, *****4 PTI
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      Page 31 Advertisements Column 2
      1026 31 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03 *****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUNO LOADING FOR WESTBOUND VESSELS VOTACt |SPO«f |MANl|> HKOWc" VOYACt SPOtE PKLAMC HBURC I'HAVtW TILXJUT
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      1242 32 Kt 4 M n AS AGENTS KAWASAKI SINGAPORE (PTE) LTO (CR No **********0 M) m M TEL *****77 TELEX KAWAKI R*****5 FAX *****79 I MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD I TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 mmmm kawasaki kisen kaisha, ltd. Indonesia /arorr N. AMERICA
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      Page 32 Advertisements Column 2
      1151 32 ,pw PHIU-ORKNT UNCS PT€ LTD V 108 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 HQr 24 FEB MONTREAL, OTTAWA, TORONTO, pu l KJA!!!s
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1495 33 snipping limes, nt*ant*>iaay reuru»rj id aaagfjff pacific international lines <pte.) ltd f Jgp PIL Building, 140 CecH Street HKXHX), Singapore 0106. JAKARTA BANGKOK 1 VESSEL VOV SIN bkk SIN b VESSEL VOV SIN SIN PEGASUS PROGRESS 655N 14/2 17/2 21/2 KOTA PAHANG 9106 16/2 20/2 SCA qlorv 9106 16/2 It/2
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      Page 33 Advertisements Column 2
      1069 33 r BEN LINE CONTAINERS LTD N 200 Cantonment Road Tel: *****22 #13-05 Southpoint m iP.m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT K VESSEL |VOY SPORE P KLANG SHAMPTON| HAMBURG BHAVEN ROAM LHAVRE Hamburg Express' 01/516 14/2 7/3 5/3 4/3 VIA RO Hannover Express 01/518
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      304 33 M MYANMA H FIVE STAR LINE (Myanmar National Line) Loading for Yanoon (Rangoon) S'pore P.KIg Pw PAGAN VI67W 14/17 Fe* PATNEIN Vlo9* 17 Feb reo MPA AN VIMW Feb TgATHI BANK UNI (A eorvico of Andrew W*»r Shipping) VT SEMI-CONTAINER SERVICE \> HEAVY UFT CAPABILITY I EXPRESS TO PAPUA NEW
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      758 36 m INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV ROM ANT HBC CYS FRONTIER Wf 108 W 13/3 11/3 10(3 14 3 LONDON SEN *F1« 22/2 22/3 20(3 H/3 a/3 CYS GLORY WFUO 17/2 18,3 16/3 15/3 U/3 SOHLANO NNIO; 21/2 20/3 21/3 THUERINCEN WMIOB
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      Page 36 Advertisements Column 2
      1270 36 CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 LOADING FOR OUR CONSOLIDATION SERVICES TO: W t#o M N MMKS MV 0,0 ITS V.T PAGO. MOSmiN 4 71,4 4 5 ISrt Tlrt W OPT EUROPE I DISCHARGING FM BRAZIL J VtSSIL SPOKE HKG MNI Kit YOU NGO KO« MOSTWEEN t 17 4
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      1234 36 '"tea t %m. m > iff CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE *J® 2. MIST RI ROAD, HMC BUILDING TELEX R J #15-00, SINGAPORE 0207 FA*- |Mr CR NO: **********0 M CABLE: COSTARLINE General Agents: CO6TAR SHIPPING FTC LTD T0 EUROPg mmmmam VCSSEL/VOY SCP NOT HAM FIX ANT
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      847 37 NIHON-ASIA I CR **********0N TEL: *****22 FAX: *****86 I Competitive Rates!! ETA USA All IPI Destns 18/2, 25/2 1 EUROPE all Ports 19/2, 26/2 BANGKOK 20/2, 23/2 HONGKONG/CHINA 15/2, 22/2 SYD, MEL, ADEL, BRIS 21/2, 28/2 FREMANTLE 16/2, 21/2 MANILA 21/2, 28/2 PKLG/PENANG 17/2, 24/2 Port K«lang Branch Tel: *****21/2/3
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      Page 37 Advertisements Column 2
      297 37 MARINE A6ENCIES (S) PTE LTD TEL: *****33 (12 Llnaa) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Llnaa) [P&FA ETHIOPIAN SHIPPING LINES Y J (National Lines of Ethiopia) accTpting" fcl andconventional VESSEI Ivov ETA LOADING FOR SPORE NET SANE T TIWB 3(MB DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ANOIMET 23W8 3CVO4 DARESSALAAM
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      Page 37 Advertisements Column 3
      665 37 MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA, MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 aWOAPOm INPOWIA gtßvict VSL VOY SIN JKT PAJ SIN
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      Page 37 Advertisements Column 4
      1002 37 SYDNEY/MELBOURNE BANGKOK [VESSEL VOY SPORE SYD MEL |vtSSEL VOY SINGAPORE BANCKOK PIYA BHUM 0101 13-14/2 26-21/2 02-04/3 NANTA BHUM 2»N Thu 14/2 Sun 17/2 PLANETA 0246 21-01/3 13-15/3 17 19/3 NANA BHUM 02* Sat 16/2 Tue 19/2 |PIYA BHUM~ ***** 15 16/3 26-30/3 01-03/4 CHAIYA BHUM* UN Sun 1717 Wed
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      1193 38 A MAC-NELS SINGAPORE uport TEL *****22 11 IMPORT TEL: *****02 ■LAB PENANG TEL: (04) *****6 KK TEL: (088) *****0 TAWAU TEL (089) *****9 ITTTzTm P KELANG TEL: (03) *****77 KUCHING TEL: (082) *****3 SKAN TEL (089) *****2 I-JV/X Ij BAHRU TEL (07) *****2 SIBU TEL (084) *****2 LABUAN TEL (087)
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      Page 38 Advertisements Column 2
      329 38 BLUE STAR LINE 11 SINGAPORE TO Ji NEW ZEALAND AND T/S FIJI FULLY 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 PtV AUCK LVT MULBERA 19S 17 Feb 24 Frt Via NPI
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      Page 38 Advertisements Column 3
      998 38 /3EI THONG SOON LINES PTE. LTD. 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 |m leta loest vessel vt I eta kit KIM SOON LI 6/91E 21 FEB PENANG
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      Page 39 Advertisements Column 1
      970 39 COMPANIA PERUANA oe 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 E Msia KARABIEVERETT In Pt/13 Feb ROSEEVERETT 18,20 Feb 21/23 Feb 26/28 Feb SHAPIAEVERETT 12/H Mar 15/12 Mar 20/22
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      Page 39 Advertisements Column 2
      521 39 VSL [voy Is pore Imainliner Ilax Ikst Isav Inyc |hf"x A VESSEL 15/2 Zll* TOKYO 14 3 23/3 3 21 3 30(3 IMI SINGAPORE 38E 24,2 ZIM PUSAN 23/3 1 4 4,4 44 8,4 ZIM SYDNEY 123E 23 2 2IM PUSAN 23,3 1/4 4,4 M 8.4 A VESSEL 27/2 21*
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      Page 39 Advertisements Column 3
      770 39 SING KWANG HANGI shipping transportation (rrt) ltd WEEKLY LCL/FCL SERVICE IVESSEL [S PORE [JAKARTA ISURABAYA I MEKHANIK KURAKO V 48N 14/2 IJI2 I JEN WE I V 164N <6/2 I— 119/2 VESSEL S PORE BANGKOK A VESSEL 17/2 20/2 A VESSEL 24/2 27/2 DESTINATIONS ETA SINGAPORE PORT KELANG 15 FEB
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      Page 39 Advertisements Column 4
      591 39 ns PERINTIS LINE I! I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASE TIA 145 A 14/02 17/0? PELOPOH 975 16/0? 19/0? PRASETIA 147 A ?1/02 ?4/0? PELOPOR 976 ?3/0? 26/0? TANTO UTAMA 141 15/0? 18/0? TANTO UTAMA 143 ?1/0? ?4/0? TANTO UTAMA 145
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      Page 39 Advertisements Column 5
      393 39 SIN FAR EAST 17/2 KEELUNG/KAOHSIUNG 16/2 BANGKOK 20/2 MANILA/CEBU 16/2 JAKARTA/BELAWAN/SURABAYA 16/2 PORT KELANG/PENANG/E. Malaysia 17/2 BUSAN 15/2 TOKYO/YOKO/KOBE/NGO/OSA 22/2 HONG KONG SIN CHINA 22/2 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG Tl ANJIN/QINGDAO/HAIKOU also accepting LCL cargo ON EUROPE/UK 16/2 LDN/FLX/LVP/SOU 16/2 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. SIN USA/CANADA 19/2
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      745 40 CB SHIPPING I (IM, MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINER/LCL/BREMBUIK SERVICE "ANKE" SERVICE JAK SPt Km LM T VILLI y 2LSB Jl/3 W 142 I*2 I" y 2?SB ?'3 5*3 19(1 1' 3 0.'3 PNG FREIGHT RATES PER TEU LCL CARGO B/BULK GENERAL FAK USDISSO USDM/R T USD7O/R
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      Page 40 Advertisements Column 2
      926 40 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE NC V 26 90W 15/2/91 15/3/91 4/3/91 10/3/91 MB V 03CW91 26/2/91 20/3/91 21/3/91 26/3/91 K S V 01-91W 2/3/91 27/3/91 17/3/91 22/3/91 G M V 28CW90 3/3/91 24/3/91 MB V 03CW91 4/3/91 24/3/91 25/3/91 30/3/91 ALSO
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      525 40 CLUI conmv Mhhhihbhhiihhhhhhhbhhhhhiiibhhhhhbhhhi j LCL/FCL SERVICE FROM I^/ r=a r=| CWI operate* over 600 termlnale/offioee in UJSA 1 II [■□P /flß\ m CUM maintain* over 35,000 tractors trucks. II JCW~*~ over 60,000 points In US.A. I P| CUM rallabta LCI/FCL eervioe*. General Afl»ntt 77P*A/*-r/A/Ar Gf PENANG KL: allied-LINK SINGAPORE: I
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      557 40 /sSf SETH SHIPPING CORP SDN BHD Jmi PT KUM TEL 03M7SI0C (f Nan) FU X7MII POMS TEL: 04-*****1 FAX 04 636M3 SUM TEL: ON *****2 SIN TEL 084 *****2 TAW All TEL 089 *****1 KK TEL: 088 *****0 KUCN TEL: 012 *****3 MSIA TO USA/CANADA CONTAINER SERVICE FEEDER VOT PEW
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  • Page 41 Miscellaneous
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      450 41 TIDES AND WEATHER -••> w TODAY'S TIDES (heiflt in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 1200 *****400 1500 1800 **********00 2000 2100 2200 2300 K 22 21 18 15 13 12 13 16 20 25 28 29 2 7 23 18 13 09
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      383 42 CHARTPOINT Every Saturday in Business Times PT. PELAYARAN. SAIKIUDRA AGUNG KUALA SIAK IV 13/2 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 14/2 DUMAI/PEKAN BARU ABADI JAYA 12/2 DUMAI/PEKAN BARU KUALA SIAK V 15/2 BALIKPAPAN/SAMARINDA SENGGATA (TG. BARA) 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BATAM SUMATRA PORTS Also accepting cargo
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      Page 42 Advertisements Column 2
      658 42 MERCHANT MARINE CO- LTDEASTBOUNO TO USA WESTBOUND FROM USA TO PSW VOY SIN HKC LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI CHALLENGER 40E 14/2 21/2 11/3 14/3 17/3 16/3 HYUNDAI COMMANDER 22W 10/1 12/1 15/1 31/1 9/2 LALANOIA 38E 23/2 2»/2 18/3 21/3 24/3
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      7 42 The future of ship financing, Pg 2
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      609 42 ICHARTPOINT I Every Saturday in Business Times NOTICE NOTICE M.V. "Stl Aaeriu" V»y. 1 krr* SiRX»pMT M.1.1l Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a general survey will be held on the 13th February 1991 (Wednesday) at Keppel Wharves K 30 0900 hours 1200
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