The Business Times, 15 February 1991

Microfilm: NL17399
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Friday February 15 1991 75*
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  • NEWS SUMMARY
    • Article
      Israel considering exchanging trade offices with Taiwan
      55 1 ISRAEL confirmed yesterday that it is "seriously considering" exchanging trade offices with Taiwan, but emphasised that it is seeking diplomatic relations only with Beijing. The Israeli consul in Hongkong, Ruth Kahanoff, said there had been "mutual contacts" between Taiwan and Israel on the
      55 words
    • Article
      Indian minister suggests budget cuts
      32 1 INDIAN Finance Minister Yashwant Sinha suggested yesterday that his budget for the coming fiscal year would feature austerity and spending cuts despite the possibility of early elections.
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    • Article
      Manila confident
      25 1 THE PHILIPPINES is confident that the International Monetary Fund will approve its economic stabilisation programme and release US$7OO million in loans Page 4
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    • Article
      Excess oil sale
      31 1 MALAYSIA will export the excess of its light crude oil imported from Iran and processed at Aden in Yemen to North African countries such as Mauritius Page 4
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    • Article
      Signs of slowdown
      27 1 RECENTLY released government statistics point to a slump in capital investment among Japanese corporations, which may indicate a slowdown in economic growth Page 5
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    • Article
      Gorbachev warning
      30 1 SOVIET President Mikhail Gorbachev has said that switching to a market economy will not bring the Soviet Union instant prosperity, hinting that he favours a slow transition PageS
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    • Article
      Major improvement
      44 1 PRIME MINISTER John Major, in office for less than three months, has won for Britain a new credibility within the EC, and British views on foreign and security aspects of political union now carry a lot of weight, say analysts. Page 6
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    • Article
      A different year
      23 1 ASTROLOGERS see the Year of the Goat as one of humour, drama, innovation and a measure of weirdness Page 9
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    • Article
      Factor lowered
      24 1 IN RESPONSE to falling marine fuel prices, the Far Eastern Freight Conference has cut its bunker adjustment factor. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Footsie higher
      59 1 STOCKS in London opened higher yesterday following firmer markets in Tokyo and New York. Attention was focused yesterday on January UK unemployment data due out at 1130 GMT and results from British Telecom and British Petroleum, dealers said. By 0859 GMT, the FTSE 100 was 10.8 points higher
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    • Article
      Bigger Mara
      28 1 THE PROPOSED restructuring exercise at Mara Holdings will result in the emergence of a larger entity with a potential paid-up capital of MSI2O million Page 2
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    • Article
      P Bank buys stake
      32 1 PUBLIC BANK, hoping to capitalise on a recovery of the New Zealand economy, is buying a 40 per cent stake in Bancorp Holdings for NZ$4.2 million Page 2
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    • Article
      Magnum revamp
      31 1 MAGNUM CORP plans to rationalise its gaming operations by grouping its interest in all its eight Empat Nombor Ekor (ENE) subsidiaries under a wholly-owned subsidiary, Leisure Management Page 2
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    • Article
      Markets rebound
      22 1 IN SPITE OF the uncertain financial environment, activity in the international markets have registered a sharp recovery P«B e 3
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    • Article
      UK's first ECU bond
      19 1 BRITAIN has issued its first domestic bond denominated in European Currency Unit (ECU) Page 3
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    • Article
      Market holidays
      31 1 TAIWAN markets are closed for the Lunar New Year and will reopen on Feb 20, Wednesday. Malaysian, Hongkong and South Korean markets, closed from yesterday, will reopen on Monday.
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    • Article
      STOCK INDICES
      27 1 Thursday Change BT-MGA 654.12 +10.02 Kuala Lumpur ....Closed Hongkong Closed Tokyx> 25,356.37 +216.90 Sydney 1,371.8 -6.-3 Wednesday Change New York 2,909.16 34.41 London 2,267.8 +3.3
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    • Article
      CURRENCIES
      21 1 Exchange rates U SS SS 1.7080 100 Yen SS1.3164 MS SS0.6349 Money market rates Overnight 4-1/2 -1/8 3-month 4-1/2% -3/16
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    • Article
      COMMODITIES
      7 1 lamkxi Gold AM fix U*****.05 +USSS.OO
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  • Article, Illustration
    Shares end Year of the Horse on a high note
    385 1  -  Buoyant mood boosted by New York and Tokyo By S N Vasuki THE Singapore stockmarket saw the Year of the Horse galloping out in a wave of bullish trading yesterday. The Straits Times Industrials Index rose 15.45 points to 1338.70
    385 words
  • Article
    Lock icon Asian economies likely to see 4-8pc growth: report
    553 1 AFP ROBUST Asian economies will weather the impact of the Gulf war and a US economic slowdown to post economic growth of 4 to 8 per cent in 1991, Nomura Research Institute said yesterday in a special report. "Some economies in Asia
    AFP  -  553 words
  • Article
    Lock icon Room for more rate cuts: Brady
    256 1 Reuter AMERICAN TREASURY Secretary Nicholas Brady on Wednesday played down the negative impact of lower interest rates on the dollar, saying it should not deter the Federal Reserve from further cutting rates to stimulate the economy. "I don't think it should stand in the
    Reuter  -  256 words
  • Article
    Pont Data provides BT news on-line
    252 1  -  By Magdalene Ng AUSTRALIAN-BASED global financial information service group Pont Data has started providing its clients worldwide with Business Times news on-line. The service, officially launched yesterday, has been on-line since Monday. It is available round the clock to Pont Data clients worldwide. The
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  • Article
    Lock icon Japan sees jump in business failures
    159 1 AFP JAPAN'S business failures soared 41.7 per cent from a year earlier to 646 cases in January, chiefly due to higher interest rates and banks lending restrictions, a credit research firm said on Thursday. The number represented the fourth year-on-year rise, Teikoku Databank Ltd
    AFP  -  159 words
  • Article, Illustration
    Let's make '91 a reasonably prosperous year: PM Goh
    474 1  -  By Anna Teo THE YEAR of the Goat may be a leaner year calling for more hard work. But with resolve, Singaporeans can have a reasonably prosperous 1991, said Prime Minister Goh Chok Tong yesterday in his Chinese New Year message.
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      161 1 I BENTS IKI I I COMPUTER PRINTER I g RIBBON MANUFACTURER g Aircraft Schedule 17 Money Market 16 For market indices, editorial. Company News 2 Regional News 4 advertising and circulation ex Cryptic Crossword 17 Regional Stock Markets...... 14 tensions, call Business Times Editorial 6 SES 10.11 Information Service on
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      Page 1 Advertisements Column 2
      9 1 US retail data show economy still weak. Back Pg
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      Page 1 Advertisements Column 3
      46 1 Quadruple Zoom+Auto Two Color MINOcrA The Editor and staff of 7 Business Times wish all their reoders a happy I Lunar New Year V /There will be no publication^ of BT tomorrow. Implication will resume I**l JML PROSPERITY I I I Oik YU SHENG I I
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        SingRe's ownership plan for unit
        71 2 SINGAPORE Reinsurance Corporation Ltd has clarified that the M 52.00 paid-up capital of Singße Information Technology Sdn Bhd (Singße Sdn Bhd) is now held by two Malaysian individuals. It had earlier said that Singße Sdn Bhd was 100 per cent owned by Singße Information Technology
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      • Article
        Resignation at Hwa Hong
        27 2 HWA HONG Corporation has announced that Ong Kay L ng resigned as a director of the company with effect from Sep 19, 1990.
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      • Article
        Sale of Parkway shares
        58 2 DATUK Tan Kim Yeow, a director and substantial shareholder of Parkway Holdings Ltd (Parkway), has announced that Tan Kim Ye'ow Sdn Bhd sold 480,000 Parkway shares to TKY Investment Pte Ltd (TKY) for $1.21 each. Tan Kim Yeow Sdn Bhd also sold a further 2.19 million
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      • Article
        Competition hurts CBS Inc
        73 2 REPEATING predictions of a 1991 operating loss at its television network, CBS Inc said on Wednesday that competition for national advertising trom cable channels and the Fox Network was hurting prices for prime-time advertisements. "The increased supply of commercial units, in conjunction with the recession, put
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      • Article
        Hanson profits up
        60 2 ANGLO-AMERICAN conglomerate Hanson reported on Wednesday that its pre-tax profit was up by 7 per cent for the first quarter of its financial year, to £241 million against £225 million in the year-earlier quarter. The result exceeded analysts' expectations of £230 million to £235 million but the
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      • Article
        Mine to leave Cerus
        98 2 WELL-KNOWN French businessman Alain Mine said on Wednesday that he is going to cut back on business activity and will leave his position as vice-president of the Cerus firm next April 25. The president of Cerus is Italian financier Carlo de Benedetti, who accepted the resignation
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      • Article
        Suzuki to build plant
        60 2 SUZUKI Motor Corp will build a machining plant for engines and transmissions in Sagara, 180 km southwest of Tokyo, for a total investment of 25 billion yen, a spokesman for Japan's biggest mini carmaker said yesterday. Suzuki, owned 3.5 per cent by General Motors Corp, will
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    • Article
      Lock icon NCR files petition as AT&T seeks proxies
      245 2 Reuter NCR CORP said it filed a petition with the US Federal Communications Commission for an investigation of American Telephone and Telegraph Co's proposed acquisition of NCR. "The request claims that 'acquiring and operating NCR's computer business would jeopardise AT&T's ability to sustain
      Reuter  -  245 words
    • Article
      Lock icon Magnum to rationalise its gaming operations
      176 2 MBT MAGNUM CORP is proposing to rationalise its gaming operations by consolidating its interest in all its eight Em pat Nombor Ekor (ENE) subsidiaries under a wholly-owned subsidiary, Leisure Management. Leisure Management will thereafter apply for a listing on the Kuala Lumpur Stock Exchange.
      MBT  -  176 words
    • Article
      Lock icon M$120m paid-up capital after Mara revamp
      438 2 MBT MARA HOLDINGS will emerge as a larger entity with a potential paid-up capital of Msl2o million (5576.3 million) after its proposed restructuring exercise. The restructuring will see the transfer of all of Mara's 28 subsidiaries to Mara Holdings. This will bring the total
      MBT  -  438 words
    • Article
      Lock icon Public Bank buys into NZ firm
      324 2 MBT PUBLIC BANK has moved into the New Zealand financial sector with the proposed purchase of a 40 per cent stake, or 16 million shares, in Bancorp Holdings for NZ$4.2 million (554.35 million). The acquisition of the stake in Bancorp is being done through
      MBT  -  324 words
    • Article, Illustration
      Lock icon Magistrate interviews Nadir's associate
      221 2 Reuter A BUSINESS associate of Asil Nadir, chairman of bankrupt fruit-to-electronics firm Polly Peck, was interviewed by a Swiss magistrate on Wednesday on behalf of Britain's Serious Fraud Office (SFO). Jason Davies answered written questions drawn up by the SFO, which is investigating London-based Polly Peck
      Reuter  -  221 words
    • Article
      Lock icon Airlines rush to woo American travellers
      526 2 NYT WITH THE WAR over Atlantic air fares cancelled by government order, the major airlines turned to skirmishing on Wednesday to capture frightened American passengers for their half-empty aeroplanes. After the US Transportation Secretary, Samuel Skinner, vetoed British Airways' one-third price reduction on Tuesday
      NYT  -  526 words
    • Article
      Lock icon US rejects BA's Atlantic fare cuts
      503 2 Reuter BY REJECTING most of British Airways pic's proposed fare cuts for flights to London, the US sent a clear signal it is irritated about the slow progress in talks on landing rights at Heathrow Airport. "That's putting pressure where it hurts," Argus Research
      Reuter  -  503 words
    • Article, Illustration
      Lock icon Support for quota on Japanese cars
      388 2 AP UNCONTROLLED imports of Japanese cars would be a death blow to the European car industry, Peugeot SA president Jacques Calvet said on Wednesday. Asked if Europe's car industry would die if there were no quotas on Japanese car imports, Mr Calvet replied: "Yes."
      AP  -  388 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      181 2 > g > The Pan Pacific Hotel Singapore PUBLIC NOTICE It has come to my notice that members of the public have received promotional pamphlets informing them of the opening of "Rascals", a newly yet to be opened entertainment spot at The Pan Pacific Hotel, Singapore. As part of this
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  • FINANCIAL NEWS
    • Article, Illustration
      Markets surge despite uncertainty
      505 3  -  BIS report reveals sharp recovery in third quarter of last year From Christopher Powell in GENEVA THE BASLE (Switzerland) based Bank for International Settlements (BIS) says in its review of the third quarter of last year that despite the uncertain financial environment, activity in the international
      505 words
    • Article
      Lock icon SEC adopts new money market rules
      256 3 Reuter THE US Securities and Exchange Commission has adopted tighter investment standards for America's money market funds. The new guidelines arc designed to make money funds safer by limiting their investments in less than the highest grade commercial paper to 5 per cent of
      Reuter  -  256 words
    • Article
      Lock icon Morgan Stanley stuns market by clinching deal
      402 3 Reuter THE choice of US house Morgan Stanley International as lead manager of the UK's first foray into ECU bonds was termed "a surprise", and "staggering" by syndicate managers at leading securities houses. "I think all the market's a bit dazed. Not only
      Reuter  -  402 words
    • Article
      Lock icon Britain issues 10-year bond for two billion ECUs
      396 3 NYT BRITAIN, following in the steps of France and Italy, has issued its first domestic bond denominated in European Currency Unit (ECU), a composite of the 12 European Community currencies. The issue, planned since late last year, represents Britain's commitment to developing
      NYT  -  396 words
    • Article
      Report highlights grim picture of Eastern Europe's finances
      448 3 A GRIM picture of Eastern Europe's finances, with access to credit declining and the cost of outstanding loans escalating, is highlighted by the Bank for International Settlements (BIS) in its quarterly analysis of financial markets issued yesterday. For the first nine months
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    • Article
      Lock icon EC central bankers waiting to make EMU proposals
      276 3 Reuter EUROPEAN Community central bankers will wait to make detailed recommendations on how the bloc should make the transition to Economic and Monetary Union (EMU) until they get more political guidance. European monetary sources said in Brussels on Wednesday that the EC
      Reuter  -  276 words
    • SMALL CHANGE
      • Article
        First Mutual in talks for capital infusion
        106 3 FIRST Mutual Bank for Savings president Gerald Mulligan said the bank was in talks for a private capital infusion but that no approach had yet been made to Federal Deposit Insurance Corp for related assistance. "Discussions have been going on for some time
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      • Article
        Westpac interested in US bank
        64 3 AUSTRALIA'S Westpac Banking wants to buy a bank in the US but it is not currently in negotiations with anyone, a Westpac spokeswoman said. It is interested in a retail bank, with a minimum of US$lO billion (Ssl7 billion) in assets, outside of California, she
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      • Article
        Bermuda plans tougher laws
        76 3 BERMUDA will introduce tougher legislation to prevent international money laundering schemes from undermining the island's role as a leading offshore financial centre, Finance Minister David Saul said. Bermuda, a British colony of 58,000, is a leading offshore business centre with more than 1,200 insurance company offices.
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      • Article
        Prudential-Bache chief resigns
        100 3 PRUDENTIAL Insurance Co of America said George Ball has resigned as chairman and chief executive of PrudentialBache Securities and that Robert Beck, Prudential chairman emeritus, has been named acting CEO. The Prudential said a search is underway for a successor to Mr Ball, who has agreed to
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      • Article, Illustration
        Dollar$ & Non$en$e
        2 3 Dollar$ Non$en$e
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      147 3 FOR THE WORLD'S MOST TREASURED WATCHES IWC I Q cn l rc houses some of the world's most KJI fashionable and exquisite watches. The name: Cortina Watch Centre. The most trusted place to purchase IHHIHHIHIHHI HBHHHhHIB quality remarkable The Novecento. by IWC. The only The Novecento in lHkt gold with
      147 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Aussie jobless rate hits seven-year high
        44 4 UNEMPLOYMENT in Australia reached its highest level for more than seven years last month, rising to 8.4 per cent from 8.1 per cent in December and 6.1 per cent a year ago, the Australian Bureau of Statistics said.
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      • Article
        M'sian rubber industry sluggish
        49 4 SLOWER demand and a gloomy economic outlook in many countries continued to depress the Malaysian rubber market last December. The Malaysian Rubber Exchange and Licensing Board said that with no improvement in fundamentals, the rubber market became more sluggish last December, traditionally a quiet month.
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      • Article
        Brunei bans Muslim group
        68 4 BRUNEI'S Sultan Hassanal Bolkiah has banned the alArqam, a Muslim movement, for allegedly spreading teachings contrary to Islam. In a royal decree on Wednesday, the Sultan said his decision was based on the tiny oil-rich kingdom's religious council which had studied al-Arqam s activities. The ban
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      • Article
        Hot weather, fungus kill cattle
        58 4 HOT WEATHER and fungal poisoning are suspected of killing almost 2,700 cattle at a Japanese-owned feedlot near Brisbane. Australian Department of Primary Industries senior veterinarian Rick Webster said ergot, a fungal growth carried on grass seeds, had been known to cause the deaths of cattle
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    • Article
      Lock icon KL to sell excess imported light crude
      459 4 Bernama MALAYSIA will export the excess of its light crude oil imported from Iran and processed at Aden in Yemen to North African countries such as Mauritius, Petronas president Tan Sri Azizan Zainul Abidin said on Wednesday. Currently, a total of 20,000 barrels
      Bernama  -  459 words
    • Article
      Lock icon Philippines confident of getting IMF loans
      492 4 Approval likely for economic stabilisation programme AFP THE Philippines is confident the International Monetary Fund (IMF) will approve its economic stabilisation programme and release US$7OO million (S$ 1.2 billion) in loans. Finance Secretary Jesus Estanislao said on Wednesday. "Everything is 'go' in the IMF.
      AFP  -  492 words
    • Article
      Lock icon Manila plans to boost diesel reserves
      214 4 Reuter THE Philippines is considering importing about 150,000 barrels of diesel to boost its current reserves of 21 days supply by about another 10 days, energy presidential adviser Wenccslao De la Paz said. De la Paz did not say where the Philippines would source
      Reuter  -  214 words
    • Article
      Lock icon South China to see 30 new projects
      199 4 ANS FIRMS in Japan, Hongkong and Taiwan plan to launch 30 joint-development projects in South China in an effort to create a promising new industrial centre, a spokesman for Sumitomo Corp said on Feb 12. Sumitomo, a major Japanese trading firm, said it
      ANS  -  199 words
    • Article
      Thai electricity consumption still soaring
      271 4 THE effects of the Gulf War have so far failed to deter the high growth of Thailand's electricity consumption, contrary to what was generally assumed. According to the Bangkok Post, Electricity Generating Authority of Thailand (EGAT) chief spokesman Supin Panyamak said national power usage this
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    • Article, Illustration
      Union against this power move
      315 4 THE Electricity Generating Authority of Thailand Labour Union has threatened strong opposition to moves to allow private sector participation in power projects, according to a report in the Bangkok Post. EGAT union leader Sucha Chulapet said the National Energy Policy Committee (NEPC) decision to allow
      315 words
    • Article
      Money is the base of that US-Philippine standoff
      668 4  -  Manila accuses US of reneging on commitment to pay rentals From Al O Labita Jr in MANILA THE Manila-Washington standoff on the fate of American military bases in the Philippines boils down to one thing money. Manila's hardline stance is that Washington
      668 words
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  • THE WORLD
    • Article
      Lock icon Signs of slump in Japanese capital investment
      301 5 Indication of possible economic slowdown NYT RECENTLY released Japanese government statistics point to a slump in capital investment among the country's corporations, which may indicate a slowdown in economic growth. The Economic Planning Agency (EPA) announced on Feb 12 that the value of
      NYT  -  301 words
    • Article
      Lock icon Gorbachev hints at slow route for reform
      267 5 Reuter SOVIET PRESIDENT Mikhail Gorbachev has said that switching to a market economy will not bring the Soviet Union instant prosperity, hinting that he favours a slow transition. "The person who thinks that the market is a panacea for all ills and will
      Reuter  -  267 words
    • Article
      Lock icon Saudis seek US$3.6b loan to pay for war
      573 5 THE iGULL ■M&m IHT SAUDI ARABIA, seeking quick access to cash to help finance the Gulf war, is soliciting a small group of international banks, led by J P Morgan of New York, to provide a short-term loan of around US$3.6 billion
      IHT  -  573 words
    • Article, Illustration
      Allied forces getting ready for big bang
      49 5 An American Marine M-60 tank detonating mines during an exercise in the Sandi dewrt on Monday. The exercise gave theanti-lra, allied ground forces practice in dealing with the extensive minefields which they are expected to face in any assault on ku ait.
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    • Article
      Lock icon Civilians are US targets, say Soviet army chiefs
      211 5 Reuter THE Communist Party leadership of the Soviet armed forces on Wednesday bitterly denounced the US-led campaign against Iraq, and said the real goal was the extermination of civilians and the destruction of Moscow's former ally. Senior officials in the Armed Forces'
      Reuter  -  211 words
    • Article
      Lock icon French and Kuwaitis to meet on post-war rebuilding
      396 5 Reuter FRENCH industrialists are to meet Kuwaiti officials in Saudi Arabia on February 27 for discussions on how they can help in the rebuilding of Kuwait after the Gulf War, said officials of the French Employers' Association (CNPF). The meeting will take
      Reuter  -  396 words
    • Article
      Lock icon Economic coup claims distracting attention: analysts
      274 5 Reuter SOVIET Prime Minister Valentin Pavlov's dramatic claims that the Soviet government came close to being overthrown in an economic coup is distracting attention from a new, more conservative economic reform plan, analysts say. Mr Pavlov told the trade union daily Trud on Tuesday
      Reuter  -  274 words
    • WORLD WATCH
      • Article
        Poland to speed up privatisation drive
        109 5 POLAND is speeding up privatisation and the government will offer 40 state companies for sale to foreign and domestic investors this year. The new government of Prime Minister Jan Krzysztof Bielecki on Tuesday set an ambitious target for the privatisation programme launched last year,
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      • Article
        Brazil expects US$17b from sale
        75 5 BRAZIL expects to raise about US$l7 billion (5528.9 billion) by 1993 in a privatisation programme which is set to begin in late April. Jose Pio Borges. executive vice-president of Brazil's National Economic and Social Development Bank (BNDES), told a conference in New York on Wednesday:
        75 words
      • Article
        India wants currency curbs lifted
        73 5 VISITING Indian Prime Minister Chandra Shekhar has asked his Nepalese counterpart, Krishna Prasad Bhattarai, in Kathmandu to lift restrictions on the free convertibility of the Indian currency in Nepal. Following the Indian trade blockade between March 23, 1989, and June 30, 1990, Nepal retaliated by
        73 words
      • Article
        Taiwan to go into HDTV line
        88 5 TAIWAN plans a research drive into high-definition television (HDTV), an emerging technology that may one day command a large slice of the world's consumer electronics market. "HDTV will be of such importance that we can't afford to neglect it and leave the technology to
        88 words
      • Article
        Finnish firms want guarantees
        61 5 FINNISH FIRMS are demanding cast-iron guarantees of payment before selling to Soviet customers. Less than six weeks after the end of Finnish-Soviet barter-type clearing trade, some companies were demanding cash in Swiss bank accounts or irrevocable letters of credit, said Erkki Palmqvist, deputy head of the
        61 words
      • Article
        China to study sewage problem
        92 5 CHINA has launched a three-year study of its major rivers to pinpoint ways of reducing the millions of tonnes of untreated sewage clogging the waterways, the China Daily reported on Wednesday. "It is an urgent task to find the points at which the sewage is
        92 words
    • Article
      Lock icon Soviets seek more French business
      209 5 Reuter A SENIOR Soviet official has chided French businessmen for hesitating to invest in the Soviet Union and appealed for new industrial joint ventures, notably in sugar and energy. "Many French businesses are overly cautious... and are waiting to see how things develop in the
      Reuter  -  209 words
    • Article
      Lock icon Soviet economic collapse not likely to harm Germany
      420 5 Reuter A POSSIBLE collapse of the Soviet economy would do more psychological harm than real damage to the overall economy of Germany, which has profited most from the opening of the Berlin Wall, say analysts. "Economic effects of the possible collapse of
      Reuter  -  420 words
    • Article
      Lock icon Inflation in West, Japan hit five-year peak
      229 5 AFP INFLATION hit a five-year peak of an average 6.5 per cent in Western industrial countries and Japan in 1990, but the average price increases eased markedly during the final quarter despite the Gulf crisis. Latest OECD figures released on Wednesday show that
      AFP  -  229 words
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  • Article
    Gremlins in the Kremlin
    501 6 EDITORIAL ONE DEPENDABLE sign of political regression is the replacement of action with rhetoric. Soviet Prime Minister Valentin Pavlov's accusation that forces in the West were planning an economic coup to overthrow President Mikhail Gorbachev, and that disaster had been averted by talcing 50-rouble and 100-rouble
    501 words
  • WHAT THE OTHERS SAY
    • Article
      Discouraging investors
      224 6 THE new Soviet prime minister, Mr Valentin Pavlov, alleged this week that unnamed foreign forces were using Western and Soviet banks to wage a "financial war" against the Soviet Union in an effort to topple Mr Gorbachev. Mr Pavlov cannot possibly believe his own accusations, which fly in
      224 words
    • Article
      Good early start
      141 6 THE emphasis on pre-school education is a right one. By starting early, Singapore can monitor the talent of her young. As Education Minister Dr Tony Tan put it, every possible effort must be made to reduce educational wastage. Rather than pushing pupils who cannot cope to adjust
      141 words
    • Article
      A colossal task
      122 6 PRE-SCHOOL education may generally not be considered a sphere of formal education but links between the two are getting closer, especially if the bilingual policy is to succeed. The committee set up last year to look into the primary school streaming process has recommended that the formulation
      122 words
  • REGIONAL VIEWPOINTS
    • Article
      Gulf fallout
      137 6 OFFICIALS apparently have noticed lately with a degree of concern the unhealthy trend among some segments of the public in Indonesia in their understanding of what is happening in the Gulf today. However, despite the various appeals conveyed by government officials and social leaders that we should remain
      137 words
    • Article
      Look to local tourists
      159 6 AMONG the few direct and immediate effects of the Gulf War on Malaysia is the reduced number of foreign tourists, especially from the West. Hotels which were filled to capacity during Visit Malaysia Year 1990 (VMY) have found themselves with occupancy rates as low as 30
      159 words
    • Article
      Act now to save the Earth
      204 6 IF THE Meteorological Department's forecast that temperatures in Bangkok could reach the 40 degrees Centigrade mark in the coming months is proven accurate, Bangkokians will have to brace for the most sizzling summer in more than three decades. Elsewhere in the North, North-east and
      204 words
  • Article, Illustration
    Lock icon Major closing of the EC-UK gulf
    1146 6  -  Britain is no longer in the EC doghouse. But, reports Leigh Bruce, this does not necessarily mean that its influence on European matters is now greater. What it does mean is that Britain's voice will be heard Leigh Bruce, IHT. PRIME minister John Major,
    IHT.  -  1,146 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      91 6 FOR BITS AND BYTIS^ Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local news,
      91 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      39 6 DOONESBURY BY GARRY TRUDEAU SO KMfc IT6O- UHA ONTHeUS S rM SNS&N TRJP TKJPteR' INO.SOLPttR* DID I GET M&W, SPORT! AND MO guj THE- 6AN6 HEFE- IN A /o «jc arjj t'M mw-jwutu mwtwH' K? I %S"S^<AlitSae" iw imMUMno
      39 words
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  • SPORTS
    • Article, Illustration
      Lock icon Chang, Forget breeze through
      688 7 Donnay Indoor Championship Reuter SEEDED players Guy Forget of France and Michael Chang of the United States easily advanced to the third round of the Donnay Indoor Championship in Brussels with straight-set victories on Wednesday but world number four Andre Agassi suffered a 6-3 7-6 defeat
      Reuter  -  688 words
    • Article, Illustration
      Lock icon Wilander on Borg's comeback
      301 7 Reuter FORMER world number one Bjorn Borg, due to make his tennis comeback in April, should be happy if he can get back into the top 100, fellow Swede Mats Wilander said on Wednesday. "If he works hard... If he can make it to the top
      Reuter  -  301 words
    • Article
      Lock icon Gautier struggles to retain lead
      519 7 AFP FRENCHMAN Alain Gautier had difficulty maintaining his lead as sailors in the BOC round-the-world solo race enjoyed a heat wave in the Southern Ocean, race officials said yesterday. The officials quoted Gautier's compatriot Philippe Jeantot winner of the two previous BOC races as saying
      AFP  -  519 words
    • Article
      Lock icon Maradona's name mentioned by drug suspects
      259 7 AP SOCCER star Diego Maradona's name came up in wiretapped telephone conversations between suspected drug dealers, a Naples prosecutor said on Wednesday, "There appeared to have been, on the part of Napoli player Diego Armando Maradona, a request for 'stuff, not better specified, and
      AP  -  259 words
    • SIDE LINES
      • Article
        Barrett knocks out Nardino to retain title
        113 7 BRITAIN'S Pat Barrett floored Italian challenger Salvatore Nardino in the first and second rounds before knocking him out in the sixth to win his first defence of the European light-welterweight boxing title in Wembley on Wednesday. Barrett, who is aiming for a world
        113 words
      • Article
        Kelesi upsets Novotna
        76 7 CANADA'S Helen Kelesi rallied from a 3-0 deficit in the third set to upset third-seeded Jana Novotna in the second round of the Virginia Slims of Chicago tennis tournament on Wednesday. Number 2 seed Katerina Maleeva won her match against Ann Grossman, but eighth seed Nathalie Tauziat
        76 words
      • Article
        Italy draws with Belgium
        87 7 ITALY drew 0-0 with Belgium in a soccer friendly in Terni that both coaches treated as an occasion for experiment on Wednesday. That attitude was reflected in a match which was technically entertaining but lacked the fire of real competition. None of the three goalkeepers who
        87 words
      • Article
        It's hard work playing
        93 7 WORLD number one Boris Becker on Wednesday criticised the one-year-old Association of Tennis Professionals (ATP) tour for making him play more than ever. The ATP tour was set up partly because players felt they had to play too many tournaments but Becker said: "I've played more
        93 words
      • Article
        Nijdam takes second stage
        59 7 JELLE NIJDAM was declared winner of the Mediterranean Tour's second stage on Wednesday, after Germany's Marcel Wuste was stripped of his victoiy for blocking the Dutchman's path. Wuste crossed the line first but was judged to have blocked Nijdam in the final sprint. He was relegated
        59 words
      • Article
        Capriati for Slims
        68 7 JENNIFER CAPRIATI has entered the US$5OO,OOO Virginia Slims of Florida in what will mark the one-year anniversary of her professional debut at the 1990 Virginia Slims. Capriati, the teen sensation who climbed as high as No 8 in the Virginia Slims rankings in her first year as
        68 words
      • Article
        Fern for female rugby players
        65 7 NEW ZEALAND'S women rugby union players will wear the country's famous silver fern emblem for the first time at the women's World Cup in April in Cardiff. New Zealand Rugby Football Union chairman Eddie Tonks said yesterday that the fern, which the All Black national
        65 words
    • Article, Illustration
      Lock icon Burrell sets world record in 60 metres
      341 7 AP AMERICAN sprinter Leroy Burrell. upset that his world record in the 60 metres was nullified because he jumped the gun, ran the distance a second time in Madrid on Wednesday and again set a record. Burrell had run 6.40 seconds in the
      AP  -  341 words
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  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      215 8 IMHFBE TO WINE. DINE AND ENTERTAIN WHEBE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, PINE GINGERBREAD I AT CONNECTIONS NOON TO 5.00 PM. Happy hour® dj music, s.oo pm to£3C ipm. BAND PERFORMS FROM 9.00 PM TO 2.00 AM KING'S A MEMBER OF CDL HOTELS SMCtfOW Havelockßoad.Singapore 0516.Te1:*****11 j
      215 words
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      Page 8 Advertisements Column 2
      367 8 iRuVf: X J Yu Sheng 10th February 28lh February, 1991 Yu Sheng. a must for all businessmen. the symbol for prosperity. A crisp and spicy raw fish salad that is traditionally eaten during the Chinese New Year season. Enjoy festive specialties at RuYL Gong Xi Fa Call I KAN PARANG
      367 words
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      Page 8 Advertisements Column 3
      338 8 THEME KARAOKE HITS TOWN! At Singsation. Come experience the latest karaoke trend singing in different theme rooms. From Outer Space to a Log Cabin, or even an Airplane Imagine being msomeplace different every night. In fact, it s sensational! PLAZA HOTEL si«o*»o«t located at basement ot multistorey iMirrtWOTHmMT carpark (court
      338 words
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      Page 8 Advertisements Column 4
      356 8 Choose from an extensive ala carte menu, m 8 or try of our set menus which offer SMHB a ten course gourmet meal, jot DTaC Experience new doling. m htktnttmdmpnrv p|W Prosperity in the Year of the Goat begins at the Paramount^jM\ r Feb 1 to March 1 ORIENTAL BUFFET
      356 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      806 8 TELEVISION AND RADIO 800 Star Trek: The Next Generation 2.10 PwrtM Jumaat. Pi iQiUCeO AM PAfMfl d m SBCI2 Where No One Has (ione Before. 3.30 Drama Arab. BUIWIWO UN n«UIU 1 900 News at Mum 4.00 GuH War Update <L). I H O CJ H—V y\ 7.30 AM CNN
      806 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Gulf War mutes the bleats
      955 9  -  David R Schweisberg finds the mood around Asia generally sombre at the advent of the Year of the Goat David R Schweisberg UPI The year of the Goat arrives tonight as Chinese worldwide usher in the Lunar New Year, but the Gulf War and economic
      UPI  -  955 words
    • Article, Illustration
      Evening of romance and song at the Shangri-La
      145 9 LOVE, wine and roses can still be had even after Valentine's Day but at Valentine prices too, of course. In a bid to boost its funds, the Singapore Dance Company has put together an evening titled La Vie Fm Rose, a Valentine's
      145 words
    • Article, Illustration
      Kirk Douglas injured in helicopter accident
      533 9 CHATTERBOX MOVIE STAR Kirk Douglas and animated voices artist Noel Blanc were injured on Wednesday in Santa Paula, California, when the helicopter they were in collided with a stunt plane, a publicist said. Two people aboard the plane were killed. The collision occurred near
      533 words
    • Article, Illustration
      A doyen of modern European art
      855 9  -  John Chua reviews the current exhibition of Carlo Carra's works John Chua THE Italian artist Carlo Carra (1881-1966) once wrote: "Art criticism with a philosophical and erudite base is nothing but a huge piss of empty, conceited talk." It was with this venom that
      855 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      237 9 AND ENTERTAIN High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. ANA HOTEL 16 NASSIM MILL. SINGAPORE 1025. TH 732 1222 SINGAPORE Monday to 50% off Standard Drinks Evergreens Chinese
      237 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market ends Horse Year with a strong gallop
      4425 10  -  By S N Vasuki THERE WAS a festive mood in the Singapore stock market yesterday. Shares rose across the board as investors went on a buying spree. The market's bullish sentiment was largely due to Wednesday's strong performance on the New York
      4,425 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3300 11 Main Board S1A Foreign 1470 50 3 5% Shangn-La 590 +45 +8.3% OUE 655 +25 +4.0% SIA 1100 20 +1 9% S1A 200 1100 20 +19% Asia Pacific 1040 20 2.0% ANA Hotels 219 +19 +9.5% DBS 1000 +15 +15% Spore BusF 500 670 +15
    3,300 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      256 12 Company Oat* Year Group Not Net earnings Gross ann to profit/loss (I) per share dividend ('000) (cents) H leong Credit Jan 16 Jun 90 M$24,462($18,074) 21 8(16 4) 10(10) C4C Jan 14 Sep 90 $53,947(134.649) 308(23 5a) 15(8 5a) F&N Jan 14 Sep 90 $53,080($62.868) 30 1(36 5)
      256 words
    • Article
      PRELIMINARY RESULTS
      217 12 Company Oat* Year Group pro-tax Net earnings Gross ann to profit/loss (L) per share dividend (000) (cents) feppd Fin Feb 13 Dec 90 $5.282(J5.169) 5 8(6 3) 5(4) UMW Feb 8 Dec 90 M$198.464($100,841) 52.3(34 6) 15(—) G Securities Feb 6 Dec 90 $3,029($2,130) 3.1(2.0) 10(75) M Cement
      217 words
    • Article
      INTERIM RESULTS
      360 12 Company Date Half-year Croup pro-tax Interim ann to profit/loss (L) dividend COOO) AISB Feb 11 Dec 90 M$10.256($4.005) M Banking Feb 11 Dec 90 M518l.960(5155.358) 5(5.6a) BMT Feb 8 Dec 90 $600(J457) 50(-) Khong Guan Jan 31 Oct 90 $139(J451) Inter Pacific Jan 26 Oct 90 M563.497(555.405) 4(5)
      360 words
    • Article
      CORPORATE DEVELOPMENTS
      992 12 Feb 13 Hai Sun Hup has entered into a joint venture with Mitsui OSK Lines to acquire a carrier vessel from the latter for USs9.sm (Ssl6 2m). iit Four companies of the Jardine group Jardine Matheson, Jardine Stratefic HoWmjs Mandarin Oriental and Dairy Farm will be listed on
      992 words
    • Article
      DIVIDENDS ANNOUNCED
      251 12 CwrMt Ex Books Data Total lor Total for paymawt data ctoa payaMo tka y*ar last yoar WFPT 3c (e) Dec 14 Jan 3 Feb 18 3c 2 8C teat Find USSO 10(b) Mar 18 Mar 28 Ape 8 USS010 A vino 5*Tt Feb 25 Mai 7 May 15
      251 words
    • Article
      RESULTS DUE
      529 12 Singapore Stocks La™ FuH YMr Company Panod Oat* Taar Nat EPS &«s *«t an—cti ntx (card) (to pre* last ytar (SW) CMB Padtaim Interim Nov 13 Dec 90 297 112 11.616(e) BMT Interim Jan 10 km 91 254 2 150.0 773 Apolo Final Feb 16 Dec 90 1.746L
      529 words
    • Article
      APPROVED ISSUES
      143 12 Company Rights Issue H lea* Creft Two-fix five MJ2 80 per share Ex-date Feb 21 Books dose Mar 7 Acceptance Payment: NY* Company Bonus Issue H Leonj Oedl Three-for-five Ex-date Feb 21 Books dose Mar 7 Oriental Mdp One-forfive Ex-date Feb 8 Books dose Feb 25 Company Others
      143 words
    • Article
      PROPOSED ISSUES
      255 12 Company Rights Issue Mean One-tor two g, MJ100 pet share Issue of 40m Cumulative Redeemable Preference Shares of MJO10 each at M<1 per share with 10m detachable TSR Bolt or One-foe-tour fe, M<200 per share FAC8 Capital Reduction Scheme to reduce par value of shares from 50 sen
      255 words
    • Article
      BONDS, LOANS & WARRANTS
      689 12 BONDS, LOANS WARRANTS fimpwy CimriiMptrM CiwwIm tana tar aaa •rtftaary tkara C4C Wt Before 26/4/93 1 warrant plus $309 cash Causeway Law Caaaway Wt 2/10/89 to 20/10/94 1 warrant plus JO. 77 cash or 1 warrant plus $0.77 normnal amount of loan stock Chuan lk» Notes dun My IR March
      689 words
    • Article
      RECORD HIGHS & LOWS
      189 12 RECORD HIGHS LOWS rt PAmrwrcitA IhHay ST Industrials Index WMnp0SrW ,n0e 1991 Mc 1338.70 (14/2/91) 1991 Nik 1156.37 (14/2/91) 1)91 *****8 (16/1/91) 1991 low: 1022.52 (16/1/91) 1990 Mfh: 1607.12 (27/3/90) 1990 hidt 1435.43 (16/7/90) 1990 b* 1079.50 (11/10/90) 1990 tow: 981.07 (09/11/90) 19S9 1487.76 (26/12/89) 1989 hiftr 1322.00 (28/12/89) m
      189 words
    • Article
      COMPANY MEETINGS
      23 12 Weame Brothers Ltd: 76th AGM at 65 Chulia Street #33-00, OCBC Centre, Singapore 0104 on Wednesday, Feb 27, at 10.30 am.
      23 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      157 12 THEGROWTH TRIANGLE A Special Business Times Survey February 26,1991 The Growth Triangle began casually as an idea. Singapore. Batam. Johor. Singapore has a rich pool of managerial talent. Batam and Johor are rich in natural resources, land and labour. Combine the three and they make a triangle of growth. Today,
      157 words
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      Page 12 Advertisements Column 2
      78 12 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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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Chase for stocks continues for the eighth straight day
      2214 13 Reuter TOKYO STOCKS closed firmer yesterday for the eighth straight day in the heaviest trade in over one year. Momentum from the Wall Street rally continued to overwhelm profit-taking pressure as investors debated how long the bandwagon would keep rolling, traders
      Reuter  -  2,214 words
  • Article
    STOCK EXCHANGE OF HONGKONG
    1884 13 Vol HK$ High Low (TOO) Feb 13 Allied Ppt W93 0.74 +.010 0.74 0.72 416 Allied Ppt 1.37 unch 1.39 1.36 840 Allied T.W 0.77 .040 0.80 0.74 7640 Allied Tw W92 0.101 .002 0.103 0.10 1011 Amoy Properties 4.10 +.075 4.125 4.025 480 Applied Intl
    1,884 words
  • Page 13 Advertisements
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  • REGIONAL STOCK MARKETS
    • CPI rise dampens Australian shares
      • Article
        AUSTRALIA
        1026 14 THE Australian share market limped to a weaker close yesterday as investors absorbed economic statistics which gave little hope of a rapid recovery from recession. Dealers said Wednesday's worse than expected Consumer Price Index (CPI) rise of 2.7 per cent for December, combined with Thursday's announcement of a rise
        1,026 words
      • Article
        INDICES & TURNOVER
        80 14 INDICES TURNOVER Close Feb 14 Previous SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1,371.8 2,148.5 780.6 79.05 1.378.2 2.158.6 784.3 98.64 -6.3 •11.4 -2.7 -19.59 BANGKOK SET Index Turnover (million baht) 766.24 4,400 753.66 6,200 12.58 -1,800 JAKARTA Composite Index NA 381.24 MANILA Composite Index
        80 words
      • Article
        BANGKOK
        741 14 THAI stocks closed broadly higher in active trade yesterday focused on specu- lative finance issues after advances in New York and Tokyo, brokers said. The SET Index ended 12.58 points higher at 766.24 on about 4.4 billion baht turnover. Siam Cement gained eight baht to close at 658 and
        741 words
      • Article
        MANILA
        544 14 PHILIPPINE shares slid slightly yesterday, further below gains made early in the week as traders took profits on revived caution about developments in the Gulf, brokers said. Manila's composite index was 3.53 points down at 862.48 from Wednesday's 866.01. Trading weight shifted to blue chips from centavo-priced oil issues
        544 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        358 14 la local currency In S$ la US$ day year S day year day year FEB 12 Index change change change change change ch *nge World 390.3 0.4 9.0 -0.4 9.4 0.1 11.6 |EAFE 507.1 0.5 7.9 -0.3 10.0 0.1 12.2 Europe 389.9 0.7 7.0 0.2
        358 words
      • Article
        Lock icon NEW ZEALAND
        404 14 Reuter NEW ZEALAND shares yesterday slumped in the afternoon triggered by panicky but inexplicable selling in Fletcher Challenge which posted a nine per cent jump in net profit at midday. "Everyone was trying to outperform everyone else to sell," said Peter Halligan at Buttle Wilson. "It was very
        Reuter  -  404 words
      • Article
        Untitled
        1159 14 Jakarta Rupiah VoH'OO) Feb 13 Abda 2500 Ahap Insurance 3750 Alumindo Perkasa Utama 7850 100 110 Aqua Golden Missisipi 9500 Argo Pantes ***** unch 50 Aster Jawa 2500 Astra Graph 8250 150 60 Astra Int'llnc ***** 150 1620 Asuransi Bintang 7950 Asuransi Dayin Mitra 7000 Asuransi Jiwa Panin ***** Asuransi
        1,159 words
  • Page 14 Advertisements
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  • WORLD STOCK MARKETS
    • Eleventh-hour rally lifts Dow up 34 pts
      • Article, Illustration
        NEW YORK
        1087 15 A LATE barrage of futures-related buying helped jump-start a sagging US blue chip sector on Wednesday. After trailing broader measurements earlier in the day, the Dow industrial average jumped 1.2 per cent and the Standard and Poor's 500 Index soared to a new closing high. "We got hit
        1,087 words
      • Article, Illustration
        LONDON
        740 15 UK SHARE prices finished slightly higher on London Stock Exchange on Wednesday on disappointment over a smaller-than-expected cut in Britain's base lending rate. The market changed directions five times during the session, suggesting an uncertain sentiment among major investors. The market's initial reaction to the half-point cut in the
        740 words
      • Article
        AMSTERDAM
        334 15 DUTCH shares closed mostly firmer on Wednesday in moderate business, cautiously resuming Monday's uptrend after taking a breather on Tuesday. Confidence in the gains posted recently seemed to have grown, dealers said, but they added investors still mistrusted sharp and sudden price rises. The morning's rally was thus met
        334 words
      • Article
        BRUSSELS
        141 15 BELGIAN shares closed mixed in moderate trading on Wednesday, with some investors taking profits on sharp gains posted so far this week, dealers said. With a total trading volume worth 806 million francs, 57 shares rose, 58 fell and 13 closed unchanged. The main forward market index fell nine
        141 words
      • Article
        INDICES & TURNOVER
        83 15 INDICES TURNOVER Feb 13 Close Previous NEW YORK Dow Jones NYSE Financial SAP 500 Turnover (million) 2,909.16 2.874.75 34.41 144 84 143.61 +123 369.01 365.54 3.51 210 256 -46 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.791.7 1.781.1 +>06 2.267.8 2.2645 +13 516.5 582.5 -66 AMSTERDAM CBS Tendency Index
        83 words
      • Article
        PARIS
        190 15 THE Paris bourse finished an active session with modest gains, as institutional investors counting on a quick end to the economic slowdown snapped up cyclical stocks that have suffered in recent weeks, dealer said. The benchmark CAC-40 index ended at 1,635.84, up 9.60 points or 0.59 per cent. Volume
        190 words
      • Article
        STOCKHOLM
        104 15 PRICES on the Stockholm bourse fell across the board in thin and lacklustre trade following overnight declines on Wall Street, dealere said. The bourse general index closed 0.8 per cent down at 958.49 in turnover of only 267 million crowns. Blue chips lost 0.41 per cent. Dealers said Atlas
        104 words
      • Article
        JOHANNESBURG
        389 15 JOHANNESBURG share prices ended a quiet and uneventful day narrowly mixed to slightly firmer on Wednesday. Dealers said investors appeared to be searching for clues to the market's next move in the absence of fresh factors, dealers said. The JSE All-Gold Index finished the day slightly higher at a
        389 words
      • Article
        TORONTO
        322 15 PROGRAMME trading in New York lifted Wall Street out of the midday doldrums and Toronto followed suit, closing higher in active trade on Wednesday, dealers said. Weaker blue chips, especially banks and Laidlaw, recouped part of their early losses, they added. The composite index gained 14.46 to 3,519.24 after
        322 words
      • Article
        MILAN
        193 15 ITALIAN share prices surged nearly 1.5 per cent on Wednesday, registering their eighth consecutive day of gains, as many investors rushed to buy stocks for fear of missing out on a long-expected rebound. But while some brokers heralded the advances as a sign the Italian market was on the
        193 words
      • Article
        ZURICH
        328 15 SWISS shares firmed slightly in moderate midsession trading as foreign buying after some early profit-taking took most stocks higher, dealers said. They added the firm bond market and Iraqi President Saddam Hussein's willingness to cooperate with a Soviet peace move had prompted the firmer trend. The All-Share SPI Index
        328 words
      • Article
        Untitled
        88 15 Frankfurt Feb 13 DM Aeg 198.90 +5.4 BASF 219.90 +3.2 Bayer 242.80 +3.8 Bayer Veremsbank 364.00 +8 BMW 429.00 +3.4 Commerzbank 252.00 +5 Conti Gummi 218.30 +4.3 Daimler-Benz. 549.50 +1.5 Deutsche Bank 647.50 +11 Dresdner Bank 352.00 +4 Hoechst 226.40 +2.7 Hoesch 225.00 +4 Horten 198.80 +17.3 Karstadt 557.00 +5.5
        88 words
  • Page 15 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS/COMMODITIES
    • Article
      Lock icon Mystery bond customers pose big puzzle
      467 16 Reuter MANY cloak-and-dagger theories have emerged this week over an unusual method being used by one or more foreign central banks to borrow dollars from the US Treasury market. The Federal Reserve confirmed that it has told US primary dealers that it would from
      Reuter  -  467 words
    • Article
      Lock icon Lower global interest rates could help dollar: US official
      295 16 Reuter EXPECTATIONS for lower interest rates globally could help offset dollar pressure caused by declining American interest rates, according to Charles Dallara, the US Assistant Secretary of the Treasury for International Affairs. "We are entering a period of easing of interest
      Reuter  -  295 words
    • Article
      Lock icon M'sian palm oil exports likely to remain stable
      535 16 Bernama MALAYSIA'S exports of palm oil to its major overseas buyers for the month of Fel> ruary are expected to remain stable and will not be jeopardised by the on-going Gulf War, industry sources said. An analyst said except for Saudi Arabia,
      Bernama  -  535 words
    • Article
      Lock icon Sheep farmers hit out at floor price scrapping
      243 16 UPI ANGRY Australian sheep raisers, warning of a looming disaster, have protested against the scrapping of a price support system which they say has provided them with a buffer from the free market. The minimum price is assessed by valuers who attend
      UPI  -  243 words
    • Article
      FINANCIAL FUTURES
      281 16 IMM 2bl 3 DEUTSCHEMARK Open High Low Sett Vol Op/lnt Mar 91 0.6850 0.6865 0.6805 0.6811 30.037 87,715 Jun 91 0.6812 0.6822 0.6762 0.6767 EURODOLLAR Open High Low Sett Vol Op/lnt Mar 91 93.36 93.37 93.33 93.35 102.318 716.714 Jun 91 93.46 93.48 93.43 93.46 JAPANESE YEN Open
      281 words
    • Article
      Tokyo gold futures opens firmer
      207 16 REPORTS TOKYO: Yen-denominated gold futures opened 10 to 14 yen per gram firmer on the dollar's strength against the yen overnight. "Individual investors are liquidating their short positions particularly in the October contract. Market sentiment is still bearish, and fresh selling from individuals is increasing,"
      207 words
    • Article
      Brady's lower rate comments cap US dollar rise
      1223 16 REPORT THE US DOLLAR closed steady across the board in Japan after a day of dull, thin trading. The market tested the topside shortly after the opening, but comments by US Treasury Secretary Nicholas Brady in New York on Wednesday downplaying the
      1,223 words
    • Article
      INTERBANK FOREX RATES
      408 16 Cross rates Fete 14 USS SS MS l)m Yen SFr AS NZS USS 1.7090 2.6895 1.4620 129 60 0 5040 1.2510 I 2690 ***** SS 0.5851 1.5737 0.8555 0.7583 0.2949 0.7320 0 7426 0.9632 MS 0.3718 63.54 0.5436 0 4819 0.1874 ***** 0.4718 0.6120 Dm 0.6840 I
      408 words
    • Article
      MONEY MARKET
      553 16 Interbank rates Feb >3 S$ Bid Offer Overnight 4 1/2 4 5/8 1-month 4 7/16 4 9/16 2-month 4 1/2 4 5/8 3-month 4 1/2 4 5/8 Overnight mode: 4-7/16 LS$ Bid Offer 7 days 6 1/2 6 5/8 1 month 6 7/16 6 9/16 2 months 6
      553 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1103 17 City Flight ETA Flight ETD Abu Dhabi GA894 0010 GA890 2225 GA970 2335 GA976 2340 Adelaide QF7 1750 SQ227 2130 Amman RJ182 1400 Amsterdam KL835 1505 SQ42 0100 SQ23 1815 KL836 2150 SQ24 2215 GA890 2225 Athens SQ45 0805 SQ24 2215 Auckland NZ35 1530 BA11 1255
    1,103 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Foreigners dance to lusty Cuban beat
      549 17  -  LETTER FROM CUBA By Pascal Fletcher WANT to dancc the guaguanco? Care to brush up on your rumba? How about dancing a tribute to Chango, or playing the bom bo? For all those dance-shy foreigners who claim they were born tone-deaf or have bodies
      549 words
    • Article
      MONEY CHANGER RATES
      146 17 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3380 1.3580 Canadian dollar 1.4650 1.4950 NZ dollar 1.0260 1.0560 Sterling pound 3.3700 3.400 US dollar 1.7030 1.7180 li)cal dollars to 100 units of foreign currency Austrian schilling 16.40 17.40
      146 words
    • Article
      WORLD TRADE EXHIBITIONS
      89 17 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Feb 13-17 International Spain Fena /arago/a (34)76/*****0 Feb 28- International Stuttgart. Stuttgarter Mcsse *****2589-0 Water Fair March 3 Trade Fair for Germany Und Kongrcss Blinds and Sun Feb 19-21 Air Trail*- Holland Expoconsult (0707)*****5 Protection (ontroi 91
      89 words
  • Page 17 Advertisements
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      295 17 ACROSS r g p E K 6 —I —H —l (B 1 Trade's so bad. even though TBBT ~Hf 5 Writer accommodating English guide (6) 9 I j I I j 9 Judge one married in Ori- country HF 10 Workers around the fifties Hi_JH^ can be most attractive worn-
      295 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      170 17 World forecast Asia-Pacific Hi/La* Cond. Auckland 26/18 Fair Bangkok 34/23 Fair Beijing 07/-4 Sunny Brunei 31/23 Showers Hongkong 23/18 Cloudy Jakarta 3<V24 Showers Kuala Lumpur 33/23 Fair Manila 31/24 Fair Melbourne 26/16 Cloudy |»crth 30/19 Cloudy Seoul 04/-1 Rain Sydney 27/20 Cloudy Taipei 19/15 Rain Tokyo 08/03 Cloudy Wellington 25/17
      170 words
    • Miscellaneous
      Page 17 Miscellaneous Column 3
      37 17 I I HP. Nolj GopißO IT uJp\S \C\POSSi&L£-TO u;P»LK THC ncus 5jL I If guosy «„<< li_sST 1<2 p. i— *i£-4F JSs^ijpjL_ V\ /»i ro to HRpPeM... 1 i\7 "zeP»ux)S, HIS Q,v.N W ..un WM w ,H. 1101
      37 words
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  • Article, Illustration
    Lock icon At least 64 killed in bombing of shelter: Iraq
    539 18 Deaths overshadow Syrian conditional agreement to recognise Israel THE GULF Agencies IRAQ said yesterday at least 64 people were known to have died in the US bombing of a Baghdad air raid shelter packed with hundreds of civilians that has provoked
    Agencies  -  539 words
  • Article
    Lock icon US seeks US$5.2b in taxes from Drexel
    224 18 Reuter THE US GOVERNMENT said on Wednesday it is seeking US$5.2 billion (558.89 billion) in back taxes from bankrupt Drexel Burnham Lambert Inc, which made its name on high-yield, high-risk "junk" bonds. The Internal Revenue Service (IRS) said the claims are for the
    Reuter  -  224 words
  • Article, Illustration
    Lock icon British-American airfare dispute escalating
    485 18 AP BRITISH Members of Parliament have pressed the government to retaliate against the United States for rejecting British Airways' proposed fare cuts on passengerstarved North Atlantic routes. Washington says it is upset because Britain won't let United and American airlines use Heathrow airport. The UK government
    AP  -  485 words
  • Article
    Lock icon Toshiba denies interest in Time
    159 18 UPI TOSHIBA Corp, Japan's second largest all-round electric machinery maker, yesterday denied a news report that it was considering purchasing up to 20 per cent of lime Warner Communications Inc. "We are not considering it; we are not negotiating," said Makoto Yasuda, a Toshiba spokesman
    UPI  -  159 words
  • Article
    Lock icon News Corp half-yearly net profit up by 69 pc to A$257 m
    277 18 Reuter RUPERT MURDOCH'S News Corporation outstripped even the most optimistic forecasts with a 69 per cent leap in net profit in the six months to Dec 31 but said it may not be able to keep up the
    Reuter  -  277 words
  • Article
    Lock icon US retail data show economy still weak
    512 18 Reuter A JANUARY decline in US retail sales was close to expectations, but economists said when the numbers are put together with revised December data, there was was little reason to think the US economy is getting better. "We've lost about as much
    Reuter  -  512 words
  • Article
    HDB awards $260m contracts for Pasir Ris
    254 18  -  By Carolyn Lim FIVE construction companies have in the last two months secured six contracts worth more than $260 million for public housing projects in Pasir Ris. The Housing and Development Board, which has more than 6,000 flats under management in Pasir Ris,
    254 words
  • Article
    Development plan: Mendaki's approval not needed
    255 18 THE ASSOCIATION of Muslim Professionals (AMP) will not have to secure Mendaki's approval of its fiveyear plan and projects to qualify for government funding. In a statement yesterday, the association said Mendaki's role in the matter would be purely administrative in that it would
    255 words
  • Article
    Lock icon Congress may seek lifting of some sanctions on S Africa
    209 18 AFP IF SOUTH AFRICA frees all its political prisoners by April 30, the administration of President George Bush will ask Congress to lift some of the sanctions Washington has imposed against Pretoria. Senior US officials in Washington say consultations with
    AFP  -  209 words
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  • Shipping Times
    • Article, Illustration
      FEFC reducing bunker adjustment factor
      375 19  -  By Selva Kumar WITH marine fuel prices falling to unexpectedly low levels, the Far Eastern Freight Conference has reduced it bunker adjustment factor (BAF). From tomorrow, the Conference will levy a BAF of 4.94 per cent of the ocean freight charge a downward revision of
      375 words
    • Article
      Lock icon MAS to increase flights to Indonesia
      196 19 AP MALAYSIA Airlines (MAS) has been granted additional flights to the cities of Jakarta, Denpasar, Medan and Tarakan in Indonesia and has been allowed to operate a new service between Kuching in Malaysia and Pontianak in Indonesia, Transport Minister l ing I Jong Sik
      AP  -  196 words
    • Article
      Thailand's Phonelink to expand into the provinces
      457 19 AFTER having spent 40 million baht (552.7 million) in the last six months on the promotion of its paging services as an essential business tool, Thailand's Phonelink is now preparing to kick off the second phase of its networking operations by expanding into
      457 words
    • Article
      Lock icon China curbs light vehicle output until 1995
      211 19 AFP CHINA has slapped tight re- strictions on light vehicle production until 1995 to prevent runaway growth, the official China Daily reported on Wednesday. A State Planning Commission official told the newspaper that any new projects involving plant expansion would need the commission's
      AFP  -  211 words
    • Article
      Lock icon Aerospatiale seeks bigger share of helicopter market in Japan
      390 19 AFP AEROSPATIALE of France, the top civil helicopter seller in Japan, plans to link up with Kawasaki Heavy Industries and other firms in Japan in a bid to increase sales, officials said on Tuesday. Company representatives in Tokyo for a four-day
      AFP  -  390 words
    • Article
      Credit information now available round the clock
      314 19  -  By Rahita Elias COMPANIES in Asia and the Far East can now have 24-hour access to the credit status of the shipping industry through ECS Marine's "Autofax" service. The UK-based firm provides company-specific credit information, which can be transmitted through a fax machine
      314 words
    • Article
      Lock icon UN chief opens conference on explosives safety marking
      274 19 AFP UNITED NATIONS Secretary General Javier Perez de Cuellar opened an international conference on aviation law and plastic explosives safety marking in Montreal on Tuesday. "The treat of terrorism has become practically universal," the Secretary General told representatives of the International Civil
      AFP  -  274 words
    • NEWS SUMMARY
      • Article
        The negative side of Europe 1993
        73 19 THE implementation of the Single European Market, or Internal Market, will herald the dawn of a new era of transport within Europe. That dawn will offer substantial opportunities for the major logistics, forwarding and transport companies. It will also result in changes to Europe's
        73 words
      • Article
        Airports planning information network
        70 19 LEADING international airport authorities are discussing the creation of a network for sharing operational information and eventually offering business travellers a set of familiar computer and communications capabilities worldwide. Currently, these authorities share little or no realtime information regarding such fundamental logistics as takeoff times, passenger
        70 words
      • Article
        European airlines facing biggest shakeout
        43 19 A 20 PER CENT drop in passenger traffic and sharply higher fuel and insurance costs, all due to the Gulf crisis, are forcing the biggest shakeout in Europe's air travel industry in 18 years or more. Back Page
        43 words
    • LOG BOOK
      • Article
        Armed pirates attack Danish ship in Gulf
        98 20 ARMED PIRATES attacked a small Danish ship in the central Gulf overnight, Lloyd's shipping intelligence said. Lloyd's quoted Bahrain shipping radio as saying it received an urgent call from the American tanker Rover saying the pirates, dressed in black and wearing red Arab
        98 words
      • Article
        UK may not approve discounts
        69 20 THE UK government has left open the possibility that it might not approve price discounts on trans-Atlantic air fares introduced recently by US airlines. On Monday, British Airways cut low-priced seats by one-third. Some US airlines then cut prices. The US Department of Transportation has
        69 words
      • Article
        Daewoo union leaders charged
        54 20 SEVEN union leaders were charged on Wednesday with illegally interfering in a six-day strike at Daewoo, South Korea's second largest shipyard, and 60 others were placed under investigation, police said. The leading opposition Party for Peace and Democracy immediately issued a statement accusing the government of
        54 words
      • Article
        Toyota to cut exports to US
        75 20 TOYOTA Motor Corp is planning to cut its vehicle exports to the US by 20,000 units in the three months from March, amid cooling demand in that country in the wake of the Gulf war. The report, quoting company sources, said Toyota's move followed
        75 words
      • Article
        Hitachi trains for Sri Lanka
        67 20 SRI LANKA's state-run railway department will next week commission 10 new Hitachi trains bought under a U5552.5 million Japanese credit line. Ten more Hitachi power set trains, each with four compartments, will arrive by the end of the month or early March. Sri Lanka's railway
        67 words
      • Article
        KLM keen on Sabena link-up
        54 20 KLM ROYAL Dutch Airlines said it is still interested in linking up with Belgium's Sabena SA, even though a previous plan ran into difficulties with the EC Commission. "It is up to Sabena to choose their best partner. We are still open to offers," said
        54 words
      • Article
        Alitalia options for cutting costs
        59 20 ITALIAN state airline Alitalia, battling with a heavy loss of revenue because of the Gulf crisis, has presented the government with a series of alternatives for cutting costs, including the possible laying off of 2,500 employees. The options include temporary wage cuts, a reduction in
        59 words
    • Article, Illustration
      Lock icon The negative side of Europe '93
      1491 20  -  Up to 125,000 employees of forwarders and customs house agents are likely to lose their jobs when the Single European Market comes into existence. Concern over this issue was highlighted at a recent conference, organised by the European Federation of Freight Forwarders, which David
      Containerisation International  -  1,491 words
    • Article
      VERITAS BUNKER MARKET REPORT
      555 20 saw p e b |i DtrartyNatar Residue Art Mumwmi S«imtnt M/M Exxon KG/M*3% V/V M/M M/M PPM method BO/Omc Imrts Spec E25 ***** liU 0T0 30* 010* Spec G35 ***** 180 015 30' 010* Norttwm Einpt 180 Ave iiol 112 005 i 002 180 Mai 9936
      555 words
    • Article
      THE SHIPPING GUIDE
      10938 28 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
      10,938 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        406 35 tftiMi toy No B«rth Mg fcpartm Keppel Wharves Abbay Wocu 27W8 K33 alongside 17 02/2359 B Henanga 2/91 K32 alongside 15 02/1230 laprta 2103 C09 alongside 1502/0200 Trans Hav 260A C10 alongside 1502/1500 Yuteng 91/1 K31 alongside 1802/1830 Beihj 91/1 K32 15.02/1900 2202/0600 Gold Asia 9W K30
        406 words
      • Article
        CONTAINER SCHEDULE
        1184 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Book«*/Balance Rsta Ship Voy No Etb/Btr Patod From To From Aka Bhum 465N 17/0900 3 15/0700 15/1159 15/1400 We*. 3a. 16/2300 2 Wlgj IMg {VOjg As Plutus 061 17/1700 3 15/0700 15/1159 15/1400 B Btndang 17N 16/2300 1 14/1500
        1,184 words
      • Article
        IN MALAYSIAN PORTS
        313 35 Port Klang Berth at South Port on Feb 14: 1: Ocean Ruby; 2: Tomoe 565; 3: Spring Star, 4: Kris Merubi; 5: ml; 6: ml; 7: ml; 7A: ml; J.Shefl: Star Right. KCT: 8: ml; 9: Bunga Penaga, Bunga Dahlia; 10: St Louis, Perkasa. North Port 11:
        313 words
    • Article
      DAILY FREIGHTS
      1125 35 CHARTERING on the dry cargo freight mar- I ket featured active time-charter and grain fix- ings on Wednesday at firm levels. Brokers said the firm rates were a result of i continued tightness in short term supplies of panamax and cape size vessels in both the i Pacific
      1,125 words
    • Article, Illustration
      Airports plan to create network for information
      291 36 LEADING international airport authorities are discussing the creation of a network for sharing operational information and eventually offering business travellers a set of familiar computer and communications capabilities worldwide. Currently, these authorities share little or no realtime information regarding such fundamental logistics as
      291 words
    • Article
      Lock icon European airlines face biggest shakeout with Gulf crisis
      495 36 THE GUL^ AP A 20 PER CENT drop in passenger traffic and sharply higher fuel and insurance costs, all due to the Gulf crisis, are forcing the biggest shakeout in Europe's air travel industry in 18 years or more. European airlines are
      AP  -  495 words
  • Page 19 Advertisements
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      141 19 m j onagers /|/|ust V lanage BT shows you how every Monday. I J fßwJn^ro.lMß For other reasons, send in your subscription now. r"^^B3!T333 Please send to: name: f I Address: Address: Occupation: Occupation: Tel: Tlx/rax: Tel: Tlx/Pax: j AIRMAIL SUBSCRIPTION RATES: j I want to subscribe for months at
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      Page 19 Advertisements Column 2
      27 19 Contamef Schedule My FragMs 17 Index to Advertisers 3 Shop** Gurif 10.11 Shps m Port 17 Singapore Tries 17 Veritas Report 2 Weather and Sea Condrtorc 17
      27 words
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      88 20 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
      88 words
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      Page 21 Advertisements Column 1
      1293 21 JARDINE SHIPPING AGENCIES AmVIVA 200 Cantonment Road #12 06 Southpoint, Singapore 0208 \«ll#r lUU NO RS ***** wma terminal cfs r e i *****18 220 |VFAAAfIfI BOOKINGS Tel *****34 2SB L VXCf J SAKA iARDINE SHIPPING ACENCIES SON KELANG TEL *****18 TELEX MA***** MAJ97OI PENANG TEL *****4 TELEX NO MA*****
      1,293 words
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      Page 21 Advertisements Column 2
      1254 21 INDEX TOffIVERIISERS Page Col Page Col a Line Fast Pte 14 1 I Liner Shpg 16 3 ABC Containerline 13 5 Lizena 15 I Accord Group 8 1-3 Lloyd Brasileiro 12 3 AFS 15 1 Lloyd Triestino 4 1/2 Ahrenkiel Liner 16 3 Lucky Seaway 15 3 Albatros Sea-Air 14
      1,254 words
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      Page 21 Advertisements Column 3
      518 21 fWI lf[ n I*l 'lap'® MAERSK rjtSa voy wo s pore p kelanc Southampton hamburg bremrhaven rotterdam it mm HANNOVER EXPRESS oi/si« 17/2 Jg gj }12 y/^BO KOWLOON BAY 99 519 22,2 2,3 W M VIA to THAMES 04,521 23,2 23 W *3 W OSAKA BAY 98 522 28.2 19/3
      518 words
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      481 22 WISHES ALL OUR CLIENTS A HAPPY PROSPEROUS LUNAR NEW YEAR Agents:-, *****56 ""'"S&jSS 700 FS 3M4 (C/R No. **********0W) K. Lumpur *****25 P. Kelang *****18 CFS *****50 Penang *****7,. *****2 trans pacific service Xyf WEEKLY FULL CONTAINER SERVICE WISHING ALL FRIENDS, CUSTOMERS AND BUSINESS ASSOCIATES A HAPPY AND PROSPEROUS LUNAR
      481 words
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      Page 22 Advertisements Column 2
      510 22 WE WISH ALL OUR djr CUSTOMERS HAPPY i, PROSPEROUS LUNAR NEW YEAR Ag*nts: SINGAPORE: *****56 l I PORT KELANG: 03-368-41 IB JOHORE. 07-*****2^^^ guinea 1 I SPORE I IKAN TALANG V.IS 23/2 POM/LAE/MAO/ WEW CHEFOO V4S 5/3 POM/HON/NORO/ LAE TAMATAI SAMOA V.25S 13/3 POM/RAB/KBE/LAE IKAN TALANG V.2S 26/3 POM/LAE/MAD/WEW CHEFOO
      510 words
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      Page 22 Advertisements Column 3
      1048 22 RlHOK&sii sjmm regular independent full container service WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FtL LHA (VIA (VIA (VIA ALG) HAM) M>T) NORASIA SUN 9049-3 15/02 02/03 03/03 08/03 09/02 10/03 11/03 12/03 13/03 NORASIA PEARL 9050 3 18/02 10/03 11/03 15,-03 16/03 17/03 18*13 19£3
      1,048 words
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      1822 23 SjgSteamers Maritime Holdings Ltd |t.i> PAH M M| STRAITS SHIPPING HMft ÜbV f Slagaport to Brwni East Malaysia, Containers IttJ» tl Voy No IpKlaflf S POM |S!on Mburt Shew* RMam L«* »rr*PT< nnf tAUS HANNOVER EXP 01,51* f B.SERIO/02 DMJ3 07«3 10/03 12/03 ACLtrii uut Mwia KOWIOON BAY 99 M
      1,822 words
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      Page 23 Advertisements Column 2
      1319 23 Tft- II 8 A /PANAMA FW; U S A /PANAMA NTC NOR SAV CRI l&B OAK SP SP OA* ICR CRI FOR SAV NOR NYC SENATOR OA 105 21,1 21/1 2*l 2*l 7/1 W NEW YORK SENATOR if* W U|l W Jj* *j* W UN «t 1K Ml 2*l U/l
      1,319 words
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      Page 23 Advertisements Column 3
      444 23 I STRAITS/ JAPAN/ STRAITS SERVICE I I SPECIALIST IN RO-RO HEAVY LIFTS I I VESSEL COSMIC CHAMPION TANJUNC I I TRADER TRADER EMAS I I VOY NO 15 15 M I I S pore SLD IN PT 2312 I I P Kelang SLD 17/2 I I Mongla I I Chittagong
      444 words
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      704 24 Mjliiiil CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE ySLVOY SPORE ROAM,ADAM H'BURG BREMEN ANTWERP TRIAS UNinfltßWß W 9/4 ISfJ SRIWIJAYA.IIWB 129/3 1/5 7/5 U/5 15/5 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO 3ub|*d to lnduc*<n«nt. AI»o accaptlnfl cargo to CaMblanca. Port Said. Port Alexandria. Ganoa. Trlaata ALSO ACCEPTING BOTH CONTAINERS,
      704 words
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      Page 24 Advertisements Column 2
      687 24 ®M it X it HANJIN SHIPPING FEEDER VSL SIN LINE HAUL LAX OAK I S pore LEH RTM ANR HAM BRV FEL HANJIN ROTTERDAM 012E W M "Jf 5* nl HANJIN LEHAVRE 011W 17/2 7/3 8/3 9/3 9/3 11/3 12/3 CHOYANC VICTORY 002E 2S/2 H POHANCIO7E 2S/3 2/(3 HANJIN CHUNGMU
      687 words
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      Page 24 Advertisements Column 3
      1246 24 z t -JTrg^r*^ Inu SCP HKC KSC KLC RUS HUT OSK NCY SM2 TYO LAX CHS SAL NYC LHV ANW ROH THP HOC PSO CMB PKL SCR B I LOADING REOB 22/2 27/2 2*2 t|3]flU»WW!«llfl WIOHWUKMKW 7/5 GIANT RE442 MM JW 27/2 2*2 3/3 S/3 7/J *3 *3 I*3 21/3
      1,246 words
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      1137 25 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 v AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE *****48], M— TERMINAL OFFICE :*****22 DOCUMENTATION DEPT. *****44/ *****14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 Kl P (O3) E^l4O3^ H p D *****87, Penang
      1,137 words
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      Page 25 Advertisements Column 2
      496 25 > Int. Multi-Modal Forwarder SEAFREKSHT BOOKNGS: 222 0717 A 0 A AFFREIGHT BOOKNGS 545 4255 9M SrMSGA FAX. *****7X*****68 [Jasmin [uropi ma J, CZECHOSLOVAKIA 17/2 N 26/2 HUNGARY 17/2 V KMSwi ROMANIA 17/2 ."Tfc. YUGOSLAVIA 17/2 fKfSiLur BULGARIA 17/2 CHITTAGONG 25/2 /A y CALCUTTA 24/2 fwopf ust mmmm ANTWERP 24/2
      496 words
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      Page 25 Advertisements Column 3
      838 25 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 Vtsstis VOVAGC |SPOW (MANILA HKONG VOYAGE SPORE PKLANC HBURG B'HAVEN TILBURY ROTT
      838 words
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      516 26 K "W AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CRNo **********0 M) W M TEL *****77 TELEX KAWAKIRS23I6S FAX *****79 I H I MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD JBL JL TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISI.N KAISHA. LTD. DOMSIA J I A t-.s I
      516 words
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      Page 26 Advertisements Column 2
      1207 26 PHIII-ORKNT UN€5 PT€ LTD 108 ROBINSON ROAD 007 OO GMG BUILDING SINGAPORE 0106 X TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 gr jjjAßY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU gg MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION Vfljr 24 FEB MONTREAL, OTTAWA, TORONTO, SSV'JS ONTAI
      1,207 words
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      128 27 &> M &K ,<rY A M #4 '5' >6" if 4*L y *1 *4 J?" (*4" ?t fa. WE THANK ALL OUR CUSTOMERS, RUSINESS ASSOCIATES AND FRIENDS FOR THEIR SUPPORT AND WISH ALL OF THEM A HAPPY AND PROSPEROUS LUNAR NEW YEAR FROM mpiL WPB^irJ PACIFIC INTERNATIONAL LINES (PTE) LTD
      128 words
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      Page 27 Advertisements Column 2
      480 27 r BEN LINE CONTAINERS LTD 1 200 Cantonment Road Tel: *****22 #13-05 Southpoint llfA Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL |VOY SPORE PKLANG" S HAMPTON I HAMBURG BHAVEN R DAM LHAVRE Hannover Express 01/518 17/2 VIA TOL 5/3 8/3 11/3 12/3 Kowtoon Bay*
      480 words
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      Page 27 Advertisements Column 3
      327 27 M MYANMA HVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P-Klg Pen P PAGAN VI67W 20/23 Feb Fet) PATHEIN VIOWT 17 Feb LOIKAW VI69W 23(24 Feb HPA AN Vl6o* 26/28 Feb -g%THt BANKUME (A Mrvic* of Andrew Wair Shipping) \r SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I
      327 words
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      776 30 rjgy nsR-i imes»A INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV ROM ANT HBC CYS FRONTIER WFIOO 15/2 IJ/3 11/3 10/3 14/3 LOMOON SEN WFIO9 22/2 22/3 20/3 19/3 23/3 CYS GLORY WFIIO 17/2 I*3 16/3 15/3 19/3 SOHLAND WIHIO/ 21/2 20/3 21/3 THUERINCEN WMIOB
      776 words
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      Page 30 Advertisements Column 2
      693 30 ui> TEL: *****88/*****22 OUR COWXOUPATIOW SMVtCES TO: EUROPE 17/02 ft 24/02 LONDON ROTTERDAM FELIXSTOWE AMTWHIP SOUTHAMPTON HAMBURG WLmwumhVM* FAR EAST PORT KELANG 22/02 1/03 MANILA 23/02 2/03 PENANG 22/02 1/03 BUSAN 17/02 4 22/02 BANGKOK 19/02 21/02 TOKYO 2 02 4 28 02 HONG KONG 22/02 4 29/02 YOKOHAMA 21/02
      693 words
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      Page 30 Advertisements Column 3
      175 30 IQADING FOR VtSStl rSTOM 'I ceo OiN BAIRCS M¥.o€o RIO STS WT PACUA »smtN. w OPT V ***** 2 nm*HARCINC FM BRA2IL wtssll [sroif I MNI KEE YOK NCO KO« "SK" [_w m lJ ,M w Regular BBulk and Container Service Direct to Turkey, Red Sea/ Med Porta. Sport P
      175 words
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      Page 30 Advertisements Column 4
      1002 30 5? CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE TELEX E R s xnicoship 2, MISTRI ROAD. HMC BUILDING FAX: #15-00, SINGAPORE 0207 CABLE. COSTAKLint CR NO: *****M0000M General Agents: iiWIIAR ShiwlNG ki il L iu TO EUROPE FWOM fU»g* *"T OKK _SCP VESSEL/VOY SCP HOT HAM FIX AWT o**
      1,002 words
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      727 31 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! KTA USA All IPI Destns 18/2, 25/2 EUROPE all Ports 19/2, 26/2 BANGKOK 20/2, 23/2 HONGKONG/CHINA 22/2, 29/2 SYD, MEL, ADEL, BRIS 21/2, 28/2 FREMANTLE 17/2, 27/2 MANILA 21/2, 29/2 PKLG/PENANG 17/2, 24/2 Port Kelang Branch Tel: *****21/2/3 Fa*: *****24 Peneng
      727 words
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      Page 31 Advertisements Column 2
      291 31 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Line*) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) "HWPIAN SHIPPING LINES Y J (National Lines of Ethiopia) acceptTng fcl and conventional VESSCI Ivov ETA ILOADING FOR SPORE NETSANET 21WB 30/03 DARESSALAAM MOMBASA DJIOOUII ASSAD MASSAWA ANOINET ?3WB IVO4 OARESSALAAM MOMBASA OJIBOUII
      291 words
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      Page 31 Advertisements Column 3
      641 31 taba.PT- MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEOER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS t WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SM6M>OM INOONISM SEftVtCC VSL VOY SIN JKT PAJ
      641 words
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      Page 31 Advertisements Column 4
      657 31 mc!ir> Regional Container Lines KMaattifo valued, atitomenb, frimcU- <mcL tikein fcwilieA, amy Aumh 1/lm TO AUSTRALIA/NEW ZEALAND pi iFrM iHelb Is* lAuck I WPC |p CHAUi BRUSSCL Hi m m V 3 W3 11/3 11/3 14/3 C VIROUK M T/3 13/3 I*3 m W3 31/3 ANTWfRPtN 1U Uii Vh 0*
      657 words
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      1186 32 WAC-NELS SINGAPORE 1 export tel *****22 import tel *****02 PENANG TEL (04) *****6 KK TEL: (088) *****0, TAWAU TEL (089) 7786/9 P KELANG TEL (03) *****/7 KUCHING TEL (082) *****3 :SKAN TEL (089) *****2 VIWA I J BAHRU TEL (07) *****2 SIBU TEL (084) *****2 1 LABUAN TEL (087)*****9 JAKARTA
      1,186 words
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      Page 32 Advertisements Column 2
      52 32 jQiinn^ ■SINGAPORE/CHINA DIRECT SERVICE I S pore Loading For I I MV XINHENG 17 20/FEB HUANGPU GUANGZHOU I A VESSEL 27-02/ MAR SHANGHAI DALIAN XINGANGB fl MV ANANAS 02 OS/MAR HUANGPU GUANGZHOU I I MV KAIHENG 10 15/ MAR HUANGPU GUANCZHOU I I-k ALL VESSELS ALSO ACCEPTING SINGAPORE HONGKONG CARGO
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      Page 32 Advertisements Column 3
      308 32 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCI. FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PIY AUCK LYT MULBERA 19S U Feb 24 Feb Via NPI 27 Feb
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      Page 32 Advertisements Column 4
      655 32 /3SI 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 yusEi [wet» Ioest vessel vit eta kit KIM SOON LI 6/91E 21 FEB PENANG JENHOL 5/91E
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      Page 32 Advertisements Column 5
      290 32 /WIMORBUL Ky NORBULK CARGO SERVICES LTO. REGULAR conventional WISHING ALL OUR CUSTOMER FRIENDS GONG XI FA CAII OSCHINDON SHIPPING PTE LTD REGULAR CONVENTIONAL SERVICE TO USA (EAST COAST) > OUlf VSL SPORE NORFOLK NEW YORK NEW ORLEANS AN LUJIANG 24/2 29/3 2/4 M XIANG JIANG 20/3 24/4 28/4 1/5 ALSO
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      829 33 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS' WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P. Kelang Singapore E'Msia ROSEEVERETT 19/21 Feb 22/24 Feb 27/29 Feb SHAPLAEVERETT 11/13 Mar 14/16 Mar 19/21 Mar KAMALEVERETT 27/29 Mar 30/
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      Page 33 Advertisements Column 2
      500 33 VSI |VOY [S PORE [MAINLINE* [LAX |KST |SAV [WYC IHFX ZIM SINGAPORE VI 2117 ZIM PUSAN 25/3 3/4 M 1/4 10/4 ZIM SYDNEY L23E 24/2 2IN PUSAN 75/3 3/4 M 1/4 1«4 A. VESSEL 27/2 ZIM PUSAN 25/3 3/4 t/4 1/4 10/4 ZIM MELBOURNE 2UE 4/3 ZIM CALIFORNIA 1/4 12/4
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      Page 33 Advertisements Column 3
      718 33 SING KWANG HANGII SHWMNO TKAMSMMTATION (PTI) LTD WEEKLY LCL/FCL SERVICE [VESSEL Is PORE I JAKARTA [SURABAYA 1 MEKHANIK KURAKO V 46N 14/2 17/2 JENWEL V 164N 16/2 119/2 VESSEL S PORE BANGKOK A VESSEL ]712 20/2 A VESSEL 24/2 27/2 DESTINATIONS ETA SINGAPORE PORT KELANG 15 FEB MANILA 16 FEB
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      Page 33 Advertisements Column 4
      565 33 PERINTIS LINE j ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA vessel voy sin jkt SBY PRASE TIA 145 A 14/02 17/02 JATIDIRI 919 16/02 19/02 PRASE TIA 147 A 21/02 24/02 JATIDIRI 920 23/02 26/02 TANTO UTAMA 141 In Pt 18/02 TANTO UTAMA 143 21/02 24/02 TANTO UTAMA 145
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      Page 33 Advertisements Column 5
      383 33 SIN PAH 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 SIN EUROPE/UK 16/2 LDN/FLX/LVP/SOU 16/2 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 19/2
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      752 34 <fl4 CB SHIPPING f®> MARINE SERVICES north queenslano/papua new guinea services CONTMNER/LCL/BREMBULK SERVICE "ANKE" SERVICE MR Srt P0« lA£ T'VILLt V2ISB 31/3 M 15,2 Hff I** V22SB 213 Hi I*3 1W 22/3 P.N.G. FREIGHT RATES PER TEU LCL CARGO BfBULK GENERAL/FAK USDISSO USOJS/R T USO7O/R T. ISOM3 CLASS 3 USOIASO
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      Page 34 Advertisements Column 2
      143 34 7e>e TVaA $Rn v S&ififzen& aj©^ j|djl|)* v *Xc *?<l &4C <iW APtotfleVM& SK gR<gS (Zfatede Tfea* *ke<vi .®i| VSL ETA LDG FOR TOPAZ V.l/ 91 25/2 BANGKOK PHETHAI V.2/91 28/2 YANGON TANTO PERMAI II V.2/91 28/2 JAKARTA TEL: *****83 FAX: *****36 TLX: ***** JNMARI /Bsg\ lltt lIEO SHIPPING AGENCIES
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      Page 34 Advertisements Column 3
      532 34 VESSEL SIN PTL OBN RBY DANAOS VO3W 03/03 13/03 17/03 23/03 A VESSEL VO4W 21/03 31/03 05/04 B VESSEL VOSW 06/04 16A>4 21/04 Accepting FCL and LCL' tof Johannesburg VESSEL RBY OBN PTL SIN KEE BUS ALS STRENGTH VOIE 22/02 26/02 03/03 13/03 22/03 26/03 ALS ENDEAVOUR VO2E 12/03 17/03
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      Page 34 Advertisements Column 4
      518 34 UUJI con -mnv inTERmoDUL^i J LCL/FCL SERVICE FROM H ffil mHi f CUJI op«r«*« ow 600 terminate/office* Mi US.A. 1 I HI fIH m CUJ! maintain* over 35,000 tractors I truck*. II W| mm Jcua mtv** ovar 60,000 points in U.S.A. I K II CW off*r raliabte LCI/FCL *arvioa*. Gtmnl
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      Page 34 Advertisements Column 5
      541 34 #SETH SHIPPING CORP SON BHD PT KLAM TEL: 03-M7SIN H Im| FAM67MII PEIAM TIL: M432K1 FAX 04WMW SKAJI TEL OM-ZI4U2 SHU TEL 084 31MK TA«U TEL MI-*****1 KK TEL 06M4»50 KOCK TEL: 0U *****3 M'SIA TO USA/CANADA CONTAINER SERVICE FEEDER VOT PtW I PKL |SIW I LA/LB I KST HYC
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      126 35 FOR THEIREWS w COMPANIES MAKE Companies make news because they make profits or losses for you. The Business Times' COMPANIES NEWS pages are very widely read. We reveal the latest deals in Singapore and the region, profile the movers and shakers behind them and summarise corporate events in the world's
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  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      418 35 TIDES AND WEATHER nam -nrv r-r-- m«r TODAY'S TIDES (he#t in metres) HOIIOOOO 0100 0200 0300 0400 0500 0600 0700 (WO ********************1400 *****600 *****1001S00 2000 2100 urn Hit JR 25 2.5 2.2 1.8 1.3 1.0 09 1.1 1.4 1.9 2.6 3.0 3.1 2.9 2.5 18 1.2 0.8 05 04 0.5
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      367 36 CHARTPOINT Every Saturday in Business Times PT. PEUYARAN. SAMUDRA AGUNG KUALA SIAK IV 19/2 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 25/2 DUMAI/PEKAN BARU ABADI JAY A 22/2 DUMAI/PEKAN BARU KUALA SIAK V 28/2 BALIKPAPAN/SAMARINDA SENGGATA (TG BARA) 5 vessels (weekly) to PERAWANG/PEKAN BARU/OUMAI 3 vessels (weekly) to BAT AM SUMATRA PORTS Also
      367 words
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      Page 36 Advertisements Column 2
      685 36 JkHYUND/XI MERCHANT MARINE CO. LTD. 1 M EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI CHALLENGER 40C M/T" 21/2 11/3 14/3 17/3 16/3 HYUNDAI COMMANDER 72* 10/1 12/1 15/1 31(1 9/2 LALANDIA 38E 23/2
      685 words
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      Page 36 Advertisements Column 3
      186 36 CHARTPOINT Every Saturday in Business Times *-r— sJtj—?.]! THE NATIONAL SHIPPING COMPANY Of SAUDI ARABIA Vessel S'pore P.K. Damman Dubai Jeddah ST. MAGNUS FEO2 26/02 04/03 11/03 (via Jeddah) SAUDI TABUK FEAO49* 23/03 25/03 03/04 06/04 12/03 ALSO CALLING USA East Coast Ports. Singapore SEGANI SDN BHD *<•"(« R| KIM
      186 words