The Business Times, 27 February 1991

Microfilm: NL17400
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Wednesday February 27 1991 75*
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  • NEWS SUMMARY
    • Article
      Negotiators resume Uruguay Round trade talks
      55 1 GAIT NEGOTIATORS yesterday restarted the Uruguay Round of trade talks in Geneva. which stalled in a bitter dispute over farm subsidies late last year. A brief meeting of the senior 108-nation I rade Negotiations Committee approved a proposal from Gatt director-general Arthur Dunkel to
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    • Article
      Philippine bid to curb currency speculation
      67 1 THE PHILIPPINE central bank yesterday ordered commercial banks to limit their foreign exchange holdings to US$lOO,OOO (S$ 171,000) each in excess of all obligations from March 8 to curb speculation on the peso-dollar exchange rate. The limit applies to the amount of dollars held
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    • Article
      More open dialogue
      27 1 MP Davinder Singh called for less visible government and more open dialogue at the start of a lively debate in Parliament yesterday Page 2
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    • Article
      NZ seeking investors
      29 1 NEW ZEALAND is seeking Singapore investors to help speed up its economic recovery and is also looking at tieups for investments in third countries Page 2
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    • Article
      Review planned
      25 1 THAILAND'S new military authorities will review multi-million-dollar major transport and communications projects initiated by the government of deposed premier C'hatichai Choonhavan Page 7
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    • Article
      Surcharge on taxes
      29 1 GERMANY'S coalition government has agreed to impose a 7.5 per cent surcharge on income and corporate tax payments for one year from July 1 Page 9
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    • Article
      Polling proposal
      26 1 SOVIET CITIZENS will set up their own polling stations to vote in a referendum next month on the future of the union Page 9
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    • Article
      A long way for Gibson
      21 1 SUPERSTAR Mel Gibson has come a long way, from stealing hamburgers to playing Hamlet Page 15
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    • Article
      Bunker surcharge falls
      29 1 BUNKER prices have fallen to such low levels that they have prompted yet another shipping conference to lower its bunker surcharge. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      26 1 WALL STREET opened lower yesterday, with the Dow Jones index of 30 leading industrials slipping 14.85 points to 2,873.02 five minutes after trading started.
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    • Article
      Footsie lower
      34 1 IN SPITE OF the beginning of an Iraqi withdrawal from Kuwait, shares slipped lower in London yesterday. At 1215 GMT, the Footsie index stood at 2,326.5, down nine points from Monday's close.
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    • Article
      Good FELS showing
      37 1 RIG-BUILDER Far East Levingston Shipbuilding has achieved its best results in six years with a net profit after tax of $32.55 million for 1990, up 40.3 per cent from the previous year Page 3
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    • Article
      Acma confirms talks
      33 1 AC MA LTD has confirmed that it is holding discussions with the major shareholders of Gold Coin Ltd for a 40 per cent stake in the fecdmill group Page 3
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    • Article
      Fuller optimistic
      17 1 ANALYST David Fuller has declared that "the bear market is over for now". Page 3
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    • Article
      Dealers unsettled
      21 1 FOREIGN EXCHANGE dealers are unsettled by repeated denials by ministers that Indonesia intends to devalue its currency Page 6
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    • Article, Illustration
      STOCK INDICES
      32 1 lut-sday Change BT-MCiA 691.75 +9.65 j Kuala Lumpur 563.47 +6.85 Hongkong 3,532 43 11.98 Tokyo 26,282.96 -179.80 Sydncv 1413.2 +0.8 Monday Change New York 2,887.87 -1.49 l ondon 2,335.5 +21.2
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    • Article
      CURRENCIES
      20 1 Exchange rates l.s$ SSI.7270 1(H) Yen SSI .2985 \1$ SS0.6368 Money market rates Overnight 5 -1/8 3-month 5-11/16% .+1
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    • Article
      COMMODITIES
      42 1 London Gold AM tlx US$359.10 MJSSI.60 Rubber S'pore Mar... l44.25«/kg +-I.75 M'sia Mar.... 225.50 c /kg unch KL Tin Turnover 41 tonnes H 4 j Spot MS 15.08 /kg +0.11 Crude palm oil Turnover 2.104 lots 1,752 Mar MS858 /tonne 13
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  • Article, Illustration
    Lock icon Saddam withdraws; Bush says Iraqis merely regrouping
    566 1 Agencies PRESIDENT George Bush said yesterday that Iraqi President Saddam Hussein was merely trying to cling to power with his order for Iraqi troops to withdraw from Kuwait and that the allies would continue the Gulf War "with undiminished intensity." Mr Bush in
    Agencies  -  566 words
  • Article
    Quick end to Gulf war may boost growth
    592 1  -  CPF announcement on Friday By Kenneth James A QUICK END to the Gulf war could mean economic growth this year at the higher end of the government's 3 to 6 per cent forecast, the Minister of State for Trade and Industry, Mah
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  • Article
    Lock icon Shorter US recession likely: survey
    141 1 AP A SUBSTANTIAL majority of America's top economic forecasters say the recession will be briefer and less severe than the post-World War II average for downturns, a survey released yesterday showed. Sixty-one per cent of forei casters polled expect the re- cession to be shorter
    AP  -  141 words
  • Article
    News of Iraq's pullout helps boost market
    89 1 SHARE prices rose broadly in the Singapore market yesterday as investors, encouraged in part by news of Iraq's decision to withdraw from Kuwait, continued their buying spree. The Straits Times Industrials Index shot convincingly past the 1,420-barrier to end at 1.432.78, up 15.52
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  • Article, Illustration
    Cockpit to buy over Salvation Army HQ
    399 1  -  By Elaine Koh COCKPIT HOTEL is understood to have signed an inprinciple agreement with the Salvation Army to buy over its Clemenceau Avenue headquarters for $20 million. This would give neighbouring Cockpit Hotel, which has ambitious expansion plans, a further 40,000 sq ft
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      217 1 The best just keep getting better... and better... Aircraft Schedule 25 Money Market 23 World News 9 Commodities 24 Regional Co News 4 Cryptic Crossword2s Regional News 7 Editorial 10 Regional Stock Markets 21 For market indices editorial. Financial News 6 S£S 16.17 advertising and circulation e» Futures Options 23
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    • Advertisement
      Page 1 Advertisements Column 2
      30 1 Slower lending business for banks, Pg 10 Profit indicators: signs of the times, Pg 11 Value-added is the name of the new game, Pg 11 Trading with neighbours, Pg U
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    • Advertisement
      Page 1 Advertisements Column 3
      54 1 FANTASY WATEPBEOS Vr*! i* 6t> Showroom 15 Enggor Street *01-03 L___sl Realty Centre Singapore 0207 Fa* *****54 Tel: *****55 I Rebuilding Iraq may cost up to USs2oob, Pg 8 Determining global future in the desert, Pg 8 THE ONE THE ONLY THE WINNER Exclusively t it "02-17 Shaw Centre 1
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        99.6pc to receive GCE certificates
        97 2 THE Ministry of Education said yesterday that 99.6 per cent of the Singapore-Cambridge General Certificate of Education Ordinary Level candidates have been awarded a certificate for the 1990 examination, up from 99.5 per cent in 1989. Out of this, 88.9 per cent received three or
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      • Article
        Polytechnic Guild upgrades
        79 2 THE Singapore Polytechnic Graduates' Guild, the alumni of the Polytechnic, is gearing up to meet the changing needs ot graduates of the institution by embarking on major plans to upgrade its facilities and programmes. The Guild said in a statement yesterday that these plans include the development
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      • Article
        Need to reinforce Asean
        69 2 THE success ot Ascan should not be taken for granted. Lew Syn Pau, deputy chairman of the National Youth Council, said at the opening of ceremony of the Bth meeting ot the Asean Sub-committee for Youth yesterday: "We must keep reinforcing Asean's cooperative framework. We need
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      • Article
        More time for nominations
        79 2 THE Rotary Club of Singapore announced yesterday that the closing date for "Preserve Planet Earth' Awards has been extended to March 31. The award was jointly launched by the Rotary Club of Singapore, Business Times, The Sew Paper and Hongkongßank. The club's chairman for environmental committee,
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      • Article
        Asean Week in Seoul
        83 2 AN "Asean Week" will be held in Seoul between May 22 and 28 as part of the steps taken by South Korea and Asean to forge greater cooperation, particularly in the area of tourism, the Asean Tourism Information Centre in Kuala Lumpur said yesterday. The "Ascan
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    • Article
      Call for less visible government and more open dialogue
      440 2  -  Yesterday in Parliament By Harish Mehta CALLING for a more open government with a lower media profile, Davinder Singh (Toa Payoh GRC) started off a lively debate in Parliament yesterday. Mr Singh was joined by 18 MPs who spoke in support
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    • Article, Illustration
      Trial full-day school next year
      312 2  -  By Shoeb Kagda THE Ministry of Education will introduce full-day sessions at the primary school level next year as part of its on-going programme to improve the standard of education. The programme will be tested on a pilot basis in a few schools over a
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    • Article
      Two SDF schemes to make training more accessible
      392 2 THE Skills Development Fund (SDF) has announced two initiatives an extension of the training voucher scheme to all companies, and the launch of a new computer network, Skills Net, to make training more accessible to workers. With the extended voucher scheme, companies
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    • Article
      Give more info at first reading stage: Leong
      193 2 IN KEEPING with the government's intention to widen public participation in national issues, more information on new Bills tabled in Parliament must be provided, said Nominated Member of Parliament Leong Chee Whye. Currently, new Bills are only accompanied by a short explanatory
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    • Article, Illustration
      New Zealand keen to woo S'pore investors
      406 2  -  By Schutz Lee NEW ZEALAND, under its new National Party government, is keen to attract Singapore investors to help speed up its economic recovery as well as look into tieups for investments in third countries. As a first initiative, the New Zealand High
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      354 2 Feast For The Grandiose Prizes At UDMC Seafood Centre Feast for gourmet seafood by the sea at UDMC Seafood Centre p. at East Coast Parkway and win the most luxurious prizes ever! Ly% Just spend $50 at any of the eight renowned seafood restaurants, collect a coupon and stand a
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      FELS chalks up 40.3pc rise in earnings
      483 3  -  By Magdalene Ng RIG-BUILDER Far East Levingston Shipbuilding has turned in its best results in six years with a net profit after tax of $32.55 million for 1990, or 40.3 per cent higher than the previous year. The Keppcl subsidiary, however, cautioned that
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    • Article, Illustration
      Sembawang in tie-up with French MNC
      469 3  -  By Rahita Elias ASPIRING conglomerate Sembawang has tied up with French multinational Petitjean in a $30 million manufacturing venture in Jurong. A new company, United Poles, will start full-scale manufacturing of high-grade lighting and electrical columns and masts in Singapore in August, next year.
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    • Article
      HongkongBank holders endorse move
      291 3 SHAREHOLDERS OF Hongkongßank yesterday overwhelmingly endorsed the bank's move to shift its ownership to a UK-registered holding company. A statement from Hongkongßank said more than 10,900 shareholders representing 99.65 per cent of the voted shares opted for the resolution at a meeting in the British colony
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    • Article, Illustration
      The bear market is over... for now: David Fuller
      555 3  -  MARKET TALK By SN Vasuki DAVID FULLER, a highly regarded stockmarket analyst has pronounced his verdict, "The bear market is over for now". Writing in the latest issue of his investment newsletter Fuller Money (Feb 22), Mr Fuller says, "Further bond
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    • Article
      Acma in talks with Gold Coin's major holders
      333 3  -  By William Chia ELECTRONICS FIRM Acma Ltd is holding discussions with the major shareholders of feedmill group Gold Coin. Acma director and general manager H M Sithawalla confirmed this in a letter to the Stock Exchange of Singapore yesterday. It was replying
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    • Article
      Idris proposes rights issue to raise M$136m
      185 3 FINANCE-BASED investment holding company Idris Hydraulic (Malaysia) Bhd is proposing a one-for-onc rights issue to raise M 5136.35 million (5585.9 million). Idris announced on Monday that the rights issue will comprise 272.49 million new shares of 50 sen each to be offered at
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    • COMPANY BRIEFS
      • Article
        Yamaichi DAE Fund's asset value recovers
        123 3 The net asset value (NAV) of the Yamaichi DAE Fund has fully recovered to U559.63 (S$ 16.64) as at Feb 21, 1991, 1.6 per cent above the initial issue price of U559.47, says fund manager Yamaichi Capital Management (S) Ltd. The company was responding
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      • Article
        Sharp upturn for Faber Group
        75 3 FABER Group Berhad has reported a sharp turnaround in its interim results with a group pre-tax profit of M 531.32 million (Ss2o million) for the six months to Dec 31, 1990, against a loss of M 57.21 million in the previous corresponding period. Announcing its
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      • Article
        GP Batteries shares taken up
        53 3 HONGKONG-based GP Batteries announced that its offer of 5 million shares at US$2 each in the placement tranche has been fully subscribed by institutions and individual investors. The closing date for its 2 million offer shares, also at US$2 each, will close at 12 noon
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      • Article
        SES queries Cerebos Pac
        57 3 SES has queried Cerebos Pacific on its sales and purchase agreement with Boniac Foods Ltd and Unilac Australia Pte Ltd. The SES wants Cerebos to publish more information on the business activities of Boniac Foods and Unilac Australia, and the factors taken into account in arriving
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      • Article
        CIC nod for Dunlop Estates
        29 3 DUNLOP Estates Bhd has obtained the Malaysian Capital Issues Committee's approval to acquire 32.9 per cent of Magnum Corporation Bhd for M 5310.197 million.
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      • Article
        Inchcape buys two US firms
        63 3 INTERNATIONAL services and marketing group Inchcape pic said it bought two independent US environmental testing firms for US$l3 million. Inchcape said Aquatec Inc and Anametrix Inc, with combined 1990 turnover of US$ll million, and other environmental testing companies it bought last year for US$l2 million|
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      36 3 <♦- I've switched to ANA Hotel Singapore. J < ANA HOTEL SINGAPORE 1 I. t. i i- i■ M KjK H n m jtk ..if, jl B j/f 1 j\ Jr m H w Bk gp? AVAIIABIE 05
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Promus takes stake in HK hotel venture
        84 4 PROMUS COS Inc said in Memphis on Monday that it had signed a letter of intent to acquire a minority interest in a new Hongkong-based hotel management and development company called KYZ International Ltd that will seek to develop, manage and franchise Promus'
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      • Article
        JAL chain to run Thai hotel
        172 4 JAPAN AIRLINES Development Co, owner of the Nikko hotel chain, plans to operate the 2,000 million baht (*****.8 million) hotel in Thailand's Ayodhaya Thani City project, the Bangkok Post said. The chain is also seeking more properties to operate in Phuket and Chiang Mai
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      • Article
        Support for Thai bourse
        127 4 THE NATIONAL Peacekeeping Council, which seized power in a swift and bloodless coup in Thailand last Saturday has pledged to support the operations of the country's stock market, the Bangkok Post reported. Army Commander-in-Chief and NPC deputy chief General Suchinda Kraprayoon told newsmen that many of
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      • Article
        Ssangyong, Mercedes tie up
        113 4 SOUTH KOREA'S Ssangyong Motors yesterday signed a license contract with Germany's Mercedes Benz AG to produce commercial vehicles and dielel engines, the company announced. The contract was signed in Seoul by Kim SukWon, president of the Sssangyong conglomerate, and Mercedes' vice-president Humlet Werner, the announcement said.
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      • Article
        Indon sugar mills to expand
        92 4 THE INDONESIAN state-owned company PT Barata Indonesia has won contracts worth 60 billion rupiah (US$3l.5 million) to expand the production capacities of three sugar mills, the Jakarta Post reported. The marketing manager of the company, Z H Nanang, said over the weekend that part of
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    • Article, Illustration
      Thailand's Metro group to raise 7.5b baht in sale of stocks
      509 4 THE METRO Group of Thailand is expected to raise more than 7.5 billion baht (Sssl3 million) through the sale of Thai Central Chemical Co and Bangkok Steel Industry Co shares as it plans to list the two firms on
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    • Article
      Dyna-Mech sets up regional HQ in HK
      331 4  -  From Catherine Ong In HONGKONG THE FAST-growing DynaMech Electronics (DME) group, which taps capital and skills from Singapore and Hongkong, has set up its regional headquarters in the territory. Dyna-Mech (HK) will oversee the group's operations in the region, including its 553.4 million
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    • Article
      Shanghai exchange to allow foreign investment
      245 4 THE Shanghai Securities' Exchange will be open to direct foreign investment in the first half of this year with the issuance of foreign currencydenominated (B) shares, says a Baring Securities report published in the South China Morninx Post. The first company to attempt such
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    • Article
      Thai-HK group shelves plans to buy UPI
      309 4 THAILAND'S Manager Co owner and publisher Sondhi Limthongkul has shelved his plan to purchase United Press International Inc, an international wire agency, the Bangkok Post reported. An associate said at the weekend that the talks between the agency and Mr Sondhi and his
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    • Article
      New Canadian brokerage to focus on Asian investors
      291 4 AS HONGKONG investors in Canada diversity from the depressed real estate market into securities, three leading executives have set up the first independent brokerage house catering to Asian clients in Vancouver, the South China Morning Post reported. The company, Golden Capital Securities,
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    • Article
      Work on big project in Chiang Rai begins
      428 4 A GROUP of investors led by Boonrawd Brewery Co managing director Santi Bhi-rom-bhakdi has begun work on a 1,500 million baht (S$ 102.6 million) resort on 1.700 rai of land in Chiang Rai. the Bangkok Post reported. Mr Santi, chairman of Santi
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      294 4 Secure Your Share Of A Growing Automation Market! The 2nd Asia-Pacific Industrial Automation Exhibition Conference The 2nd presentation of machinery and automated systems for industrial application in Asian manufacturing and production facilities. 20 23 May 1992 World Trade Centre* Singapore The current dynamic over 151 specialist companindustrial expansion in S.E.
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Wallenberg offers to buy rest of Saab for S$4b
      359 5 AP PETER WALLENBERG offered to buy the whole of Saab-Scania AB on Monday in what would be one of the biggest corporate deals in Sweden. The Wallenbergs already control about 58 per cent of the aerospace, truck and car group. Acting
      AP  -  359 words
    • Article
      Lock icon Philips expected to turn in modest profit this year
      422 5 Reuter NV PHILIPS Glocilampcnfabricken, which suffered a scries of financial shocks in 1990, is widely expected to report a modest profit in its 1991 centenary year. Europe's consumer electronics flagship will report 1990 results awash with red ink tomorrow. But analysts
      Reuter  -  422 words
    • Article
      Lock icon Sankyo Seiko bids for DAKS
      151 5 Reuter ONE OF Japan's largest clothing houses, Sankyo Seiko, on Monday made an aareed £65 million (Ss2l7 million) bid for British prestige clothes retailer DAKS Simpson. The deal with DAKS Simpson Group pic, which has its Simpson flagship store near London's Piccadilly Circus, cements a
      Reuter  -  151 words
    • Article
      Lock icon Goldstar to take US$15m stake in Zenith
      259 5 Reuter ZENITH Electronics Corp, the last US manufacturer of television sets, said on Monday that South Korea's Goldstar Co will buy a US$l5 million (5525.9 million) stake in the company, giving the giant conglomerate access to Zenith's prized technology. Chicago-based Zenith, which has
      Reuter  -  259 words
    • Article
      Lock icon WPP sends out debt revamp plan
      234 5 Reuter A RESTRUCTURING plan for WPP Group pic's US$BOO million (S$ 1380 million) of debt went out last weekend to some 60 banks with exposure to the marketing services company, a banker familiar with the package said. Agreement in principle to the proposals in
      Reuter  -  234 words
    • COMPANY BRIEFS
      • Article
        Sharp rise in UK business failures
        81 5 BUSINESS failures rose sharply across all regions of the United Kingdom during 1990, Britain's leading independent credit insurance group Trade Indemnity pic said. The survey found that business failures were at their highest level in eight of the 10 British regions since regional records
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      • Article
        Nine-day layoff at Volvo
        103 5 STRICKEN Swedish car-maker Volvo announced on Monday that it would lay off assembly line workers for a total of nine days in April and May. The announcement came after Volvo reported a 9 per cent drop in cars manufactured in Sweden and overseas to 376,100 last
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      • Article
        Polygram building new factory
        91 5 POLYGRAM NV has started construction of a 30-million casscttc per year music cassette factory complex in Amersfoort, Netherlands. It said the new plan will be able to make both traditional cassettes and new digital compact cassettes compatible with the DCC system being developed by NV Philips
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      • Article
        Siemens' east German unit
        56 5 ELECTRONICS group Siemens AG has taken over a part of Stcucrungstcchnik dcr Numerik GmbH in eastern Germany to set up an automation unit Siemens-Automatisi-crungstcchnik GmbH (SAC), Chemnitz. In a statement, Siemens said it took over more than 1,000 employees from Numerik. Siemens hopes to double SAC's
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      • Article
        Unocal's oil, gas reserves up
        85 5 UNOCAL CORP's total worldwide reserves of crude oil, condensate and natural gas rose 5 per cent in 1990. Unocal also rcplaccd 153 per cent of its crude oil, condensate and gas production on a crude-equivalent basis last year. The company said it was the fourth
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      • Article
        Samancor expects fall in profits
        82 5 SOUTH AFRICA'S Samancor Ltd, the western world's biggest producer of manganese ore, chrome ore and ferrochromc, said it expects second half profits to be "substantially lower" than first half results. "The board has accordingly decided to discontinue the extraordinary dividend payments arising from the unusually
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  • Page 5 Advertisements
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Kuwaiti banks allowed to draw on assets
        95 6 THE US Treasury Department has announeed it would allow Kuwaiti banks to draw on assets which were frozen following the invasion of their country by Iraq. As ot March 18, the seven Kuwaiti banks named in the order will also be able to
        95 words
      • Article
        Japanese hope to be major players
        75 6 KEN JI YOSHIZAWA, deputy president of the Bank of Tokyo, said Japanese banks hope to become major players on Wall Street in investment banking. "I am not sure realistically if it's possible" to become a big player like Bankers Trust and J P Morgan,
        75 words
      • Article
        Pakistan starts secondary market
        101 6 THE State (central) Bank of Pakistan is starting a secondary market in debt instruments, a move welcomed by foreign bankers as a step in the right direction. "We are developing a secondary market for debt instruments, which will pave the way for monetary management through open
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    • Article, Illustration
      Lock icon Jakarta denies rupiah devaluation
      573 6 Forex traders find repeated denials unsettling, not reassuring Reuter REPEATED denials by ministers that Indonesia intends to devalue its currency arc unsettling rather than reassuring Jakarta's foreign exchange market. But senior dealers polled by Reuters on Tuesday said they doubted a sharp cut in the value
      Reuter  -  573 words
    • Article
      Telerate customers get improved, faster financial information
      258 6  -  By Quak Hiang Whai USERS of real-time information in the Singapore financial and corporate sectors can now have the world's fastest possible access to the global electronic information, according to a statement from Telerate Data Services (Singapore). With the assistance of Singapore Telecom,
      258 words
    • Article
      Lock icon Worst of US banks' losses may be over: LaWare
      342 6 Reuter FEDERAL Reserve governor John LaWarc said the worst of the losses suffered by US banks due to troubled loans may be over. In a speech to the Institute of International Bankers, Mr LaWarc noted that many banks have had to
      Reuter  -  342 words
    • Article, Illustration
      Lock icon Brady faces tough task in selling bank reforms
      354 6 Reuter US TREASURY Secretary Nicholas Brady goes to Congress this week to sell the administration's proposals to overhaul the US banking system, and analysts say he will have a tough time convincing lawmakers to back the whole package. The medicine the Treasury
      Reuter  -  354 words
    • Article
      Lock icon Saudi prince to sell stake in Citicorp
      186 6 Reuter SAUDI ARABIAN Prince Al-Walccd bin Talal has told the US Federal Reserve Board that he plans to sell the 4.9 per ccnt stake he holds in Citicorp and to limit his ultimate interest to less than 10 per ccnt of the common
      Reuter  -  186 words
    • Article
      Lock icon EC may have to scrutinise policies
      137 6 NYT EC GOVERNMENTS would have to submit their economic and budgetary policies to col-! lective community scrutiny and discipline as early as the second stage of European Monetary Union (EMU) starting in 1994, according ta a compromise tabled by the Luxembourg Presidency. The Luxembourg
      NYT  -  137 words
    • Article
      Pin-striped professionals are the biggest culprits in S&L scandal
      656 6  -  From Christopher Reed in LOS ANGELES IN THE UNSEEMLY parade of yachts, limousines, and champagne parties with prostitutes given by an assortment of crooks and conmen that has characterised America's Savings and Loans scandal, should be included the pin-striped professionals of
      656 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      460 6 (I Xs| FAR EAST LEVINGSTON II QP SHIPBUILDING LTD II FELS (Incorporated in the Republic of Singapore) 11 AUDITED RESULTS FOR THE YEAR 11 II ENDED 31 DECEMBER 1990 II 11 The Directors of Far East Levingston Shipbuilding Limited advise the following 11 11 audited results of the Group and
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  • Page 6 Miscellaneous
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  • THE REGION
    • Article, Illustration
      Lock icon Coup leaders to review major projects started by Chatichai
      430 7 Aftermath of the coup in Thailand Reuter MAJOR transport and communications projects initiated by the government of deposed prime minister Chatichai Choonhavan face an uncertain future following the bloodless military coup in Thailand on Saturday. Army commander-in-chief Suchinda Kraprayoon said at
      Reuter  -  430 words
    • Article
      It's business as usual, say businessmen
      347 7  -  From Michelle Rowe in BANGKOK WHILE the rest of the world looks on cautiously following last Saturday's swift military coup in Thailand, Thai industry claims it's business as usual in the rapidlydeveloping nation. ICI East Asiatic Co Ltd managing director and country manager Gerald
      347 words
    • Article
      Vietnam's trading mechanism in for major shake-up
      247 7 VIETNAMESE businesses have entered a "survival of the fittest" environment created by the Hanoi government's push towards a market-driven economy, the South China Morning Post reported on Monday. Quoting consulting group Business International in its Insight Indochina newsletter, it said trading monopolies over
      247 words
    • Article
      Lock icon M'sian hotels unlikely to start discount war
      292 7 MOT HOTELS in Malaysia are not expected to start a discount war to maintain a satisfactory level of business throughout the duration of the Gulf War. Malaysian Association of Hotels (MAH) president Azman Harun is confident the effects of the war will not
      MOT  -  292 words
    • NOTE BOOK
      • Article
        Indonesian batik to be made in Malaysia
        80 7 INDONESIAN batik, often smuggled into Malaysia, will soon be manufactured in Malaysia under a joint venture between entrepreneurs of both countries, Agriculture Minister Datuk Sen Sanusi Junid said. This would enable the Malaysian batik industry to seek larger international markets, he added. Speaking
        80 words
      • Article
        KL money supply growth slows
        80 7 MONEY SUPPLY growth slowed in November last year with all three monetary aggregates moderating as the country's liquidity situation continued to tighten during the month while interest rates were generally on an upward trend. Bank Negara, in the November issue of its report on "monetary
        80 words
      • Article
        Indonesian satellite
        115 7 TOURISM, Post and Telecommunication Minister Soesilo Soedarman said on Monday that Indonesia will soon select a US, French or Chinese rocket to the country's next communications satellite. "We hope the selection will be decided in the near future, because the Palapa B-4 satellite should be orbited in 1992,"
        115 words
      • Article
        Factory in Surabaya collapses
        82 7 AT LEAST 12 people were killed when a factory making household appliances collapsed in Indonesia's second largest city of Surabaya, Kompas newspaper reported yesterday. It quoted witnesses as saying about 200 workers were on the ground floor when the two-storey building caved in on Monday, killing
        82 words
      • Article
        Manila to get US$3.3b in aid
        121 7 THE INTERNATIONAL donor community has pledged US$3.3 billion (555.6 billion) multilateral aid to Manila, said Philippine Finance Secretary Jesus Estanislao yesterday. At the end of the two-day pledging session in Hongkong of the Philippine Assistance Program (PAP) chaired by the World Bank, Mr Estanislao
        121 words
  • Page 7 Advertisements
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      42 7 3 m FOR YOUR BUSINESS TO MAKE A POWERFUL TAKE-OFF a CLOSE:FMARCH'9I ran CAU: 296 8080 NOW OR WALK IN TODAY! Bns,M!S ,Ww A Integrated Information Pte Ltd 585 North Bridge Road #07-01 Blarvco court Singapore 0718 Telefax: 291 4561 t yetowpys
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  • THE GULF WAR
    • Article, Illustration
      Lock icon Rebuilding Iraq may cost up to US$200b
      698 8 Post-war reconstruction could take a generation, say analysts. It needs a Marshall Plan, says a diplomat. Reuter NO MATTER how the Gulf war ends, Iraq is doomed to remain an economic cripple for years and experts say that rebuilding the country could cost
      Reuter  -  698 words
    • Article
      Lock icon Opec in talks to avert price plunge after Gulf war
      250 8 AFP OIL MINISTERS of the Organisation of Petrol Exporting Countries (Opec) entered preliminary talks in Vienna on Monday on how to reduce a glut on oil markets and avert a sharp drop of crude prices after the Gulf war. The
      AFP  -  250 words
    • Article
      Determining global future in the desert
      1111 8  -  The Gulf war is about a New World Order, argues Melanie Chew Melanie Chew ANOTHER DEADLINE, another ultimatum. Another short, sharp decisive military push. It is the Western way of imposing some order, some focus, some comprehensible framework on a maddening, inscrutable, and disintegrating
      1,111 words
    • Article, Illustration
      Lock icon Gulf officials see need for allied presence after war
      387 8 AFP A MASSIVE US and allied military presence will be needed in the region for several months after Kuwait is liberated from Iraqi occupation, says a senior Gulf leader. Such a force would be needed "until Kuwait stands on its feet"
      AFP  -  387 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      148 8 EUROPE'S FIRST NATIONAL NEWSPAPER Is now available in Singapore If you are serious about developing your business in Europe a new economic power in the making-THE EUROPEAN is your vital weekly source. ''r V THE EUROPEAN gives the n j ngws, the trends, the analyses y answers. Get your copy
      148 words
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      Page 8 Advertisements Column 2
      7 8 Dr Melanie Chew is a military historian
      7 words
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      Page 8 Advertisements Column 3
      69 8 TENDER NOTICE Prequalification of tenderers for Proposed Erection of 4 Storey Vehicle Workshop Cum Showroom at Übi Road 4 for Exklusiv Auto Service Pte Ltd. Eligibility: CIDB General Building Registered 6rade 5 5m and above Documents collection and submission: M/s Consultants Incorporated Architects Planner 1 North Bridge Road #20-05 High
      69 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Germany to raise fuel and income taxes
      395 9 Move to help finance unification and Gulf war Reuter GERMANY s coalition government has agreed to raise fuel and income taxes to help finance German unification, the allied war effort in the Gulf and aid to Eastern Europe, Finance Minister Theo Waigel said
      Reuter  -  395 words
    • Article
      Lock icon Snags to Indian bid for IMF loan
      180 9 Reuter INDIA has begun negotiations with the International Monetary Fund (IMF) for a fresh loan but bankers and economists see little chance of success until the country passes its budget, delayed because of the Gulf war. Faced with a serious foreign exchange crunch,
      Reuter  -  180 words
    • Article
      Lock icon Mexican, US farmers will benefit from free trade deal: Yeutter
      242 9 AP AGRICULTURE and border states will benefit once the US and Mexico sign a free trade agreement, outgoing Agriculture Secretary Clayton Yeutter said on Monday. Mr Yeutter, who leaves office on Friday to assume the chairmanship of the Republican National
      AP  -  242 words
    • Article
      Lock icon Soviets to set up polling stations for referendum
      284 9 AFP SOVIET CITIZENS unable to vote in a referendum next month on the future of the union because Republican authorities boycott the poll will be able to cast their ballots in Moscow-run factories and military garrisons. Parliament ruled in Moscow on Monday.
      AFP  -  284 words
    • Article
      Lock icon Meeting to dissolve Comecon postponed
      173 9 Reuter HUNGARY has callcd off a meeting planned for today to dissolve the moribund Sovi-et-led trade bloc Comecon. Hungarian Foreign Minister Gcza Jcszcnszky announced the postponement of the Budapest meeting on Monday, without giving a detailed reason or new date, only hours after dcfcncc and
      Reuter  -  173 words
    • WORLD WATCH
      • Article
        EC inflation up 0.5pc in January
        81 9 CONSUMER PRICES rose an average 0.5 per cent in January in the European Community, up from a 0.1 per cent increase in December, the community's Eurostat statistical service said in Luxembourg on Monday. But it said that the Gulf War had only a marginal
        81 words
      • Article
        French economy down
        89 9 FRENCH quarterly economic growth shrank at the end of last year for the first time in nearly four years. Output of goods and services fell 0.4 per cent between October and December as businesses cut back after brisk third-quarter growth of 1.3 per cent. The last time
        89 words
      • Article
        Hotels forced to raise rates
        87 9 SRI LANKA's official Ceylon Tourist Board has ordered a 15 per cent increase in room rates at top hotels in Colombo to US$75 (about SSI2B) a day from November. The order directly affects six five-star hotels currently charging a minimum US$65 a day but would
        87 words
      • Article
        China says it's a serene oasis
        82 9 CHINA hopes to attract 29 million tourists this year by presenting itself as a "serene oasis" to people worried about terrorism linked to the Gulf War. "Amid the Gulf crisis. China appears to be a serene oasis," the China Daily newspaper quoted Liu Yi.
        82 words
      • Article
        Nordic heads and Baltic issues
        69 9 NORDIC LEADERS gathered on Monday, hoping to resolve their differences about how best to support independence for the neighbouring Soviet Baltic republics. The Nordic Council, which normally confincs its discussions to regional affairs, will break one of traditions by holding an open debate on foreign
        69 words
      • Article
        Bulgaria tries ex-leader
        52 9 BULGARIA on Monday began the trial of ousted communist leader Todor Zhivkov on charges of embezzlement. Zhivkov, 79, has been accused of embezzling 26 million leva (about SS6.B million) from public funds to buy luxury apartments and Western cars for family and favoured friends. He has denied
        52 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      335 9 Gone are the days when you had to photocopy every Of course, the L 770 also gives you the kind ot image fax message you received. With Canons new Laser Class™ vou get only with a Canon. The exclusive I lyper-Smoothing D W Plain Paper FAX L 770, duplicating information
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  • Article
    Towards a better tomorrow
    455 10 EDITORIAL MUCH of it had already been said. But when he opened the third session of the seventh Parliament last Friday, President Wee Kim Wee knitted all the bits into a coherent whole. Singaporeans got a clear picture of what the Goh Chok Tong government wants
    455 words
  • WHAT THE OTHERS SAY
    • Article
      Thai military junta
      203 10 WILL the military junta that has deposed Prime Minister Chatichai Choonhavan do better than him? Although General Chatichai's two-and-a-half years in office were characterised by frequent quarrels with the military leadership, his government's pro-business bias has helped to bring prosperity to many people. But the benefits were
      203 words
    • Article
      Malay concern
      154 10 THE government's pledge to provide assistance to the Malays to upgrade themselves would certainly boost the morale of the community. To succeed, Malays will have to, like other Singaporeans, appre- date the goals and vision outlined in the Next Lap, the government's long-term plan to make Singapore a
      154 words
    • Article
      Thai coup
      120 10 THE coup seems to be a a typical feature of Thailand's polities and a way of bringing about political changes. In the latest coup, the leaders have an-" nounccd that the interim government will draw up the new Constitution and call for a general election. We believe that
      120 words
  • REGIONAL VIEWPOINTS
    • Article
      Setback in Thailand
      164 10 WHATEVER the announced justification which the Thai military, led by Supreme Commander Gen Sunthorn Komsompong, has submitted in toppling Prime Minister Chatichai Choonhavan's elected government, this coup d'etat is definitely a setback in Thailand's promising political development. One of the strongest arguments presented by the military to
      164 words
    • Article
      Get priorities right
      164 10 UNTIL the military takeover last Saturday, Thailand was still very much looked upon as the development showcase of South-east Asia. The country had enjoyed an unprecedented period of impressive if unregulated economic growth and the political and social systems had become more liberalised. But unfortunately, the nearly
      164 words
    • Article
      Is it sick or healthy?
      193 10 OUTGOING Malaysia Airlines managing director Tan Sri Abdul Aziz Abdul Rahman has painted a rather rosy picture of the airline company, expressing confidence that it will chalk up a "very good profit" for the current financial year ending March 31, despite the higher fuel, insurance
      193 words
  • ECONOMIC SURVEY 1990
    • Article, Illustration
      Slower lending business for banks
      578 10  -  No singular event affected Singapore's financial sector as much as the Gulf conflict. Alvin Tay reports Alvin Tay THE Gulf Crisis and the consequent contraction in share market activity put the brakes on credit expansion in the second half of last year, bringing the loans-to-deposits
      578 words
    • Article
      Financial services sector likely to do well again
      385 10 THE financial and business services sector, Singapore's fastest growing economic sector for 1989 and 1990, is likely to remain the star performer this year, says Minister of State for Trade and Industry Mah Bow Tan. This is something that "we would welcome,"
      385 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      116 10 Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, ronlrartor or engineer, all the current trends that affect them. you need to he kept well informed to maximise returns on Essential information accessible every business day your money. hroug f, Business Times. In the same way a surgeon needs his tools
      116 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      75 10 Doonesbury by garry trudeau ihebus major, mill uehave\ rjcx., thereasonmcantt eye- suoarcdat/no MAJOR E '&JZZ"FOGG, MLLBE ACCE&> THIS TIME 70 BALL 30VY &AOS IS THAT WE NO UM... IT, EH. MAJOR I UN7IL FURTHER NOTICE. WA LEAVING ACTUAL CASUALTIES 7 LONGER DESIGNATE THEM AS SUCH HUMAN DONT YOU THINK I
      75 words
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  • ECONOMIC SURVEY 1990
    • Article
      BRIEFLY
      641 11 THE TOTAL OUTPUT of the economy or gross domestic product measured in nominal terms rose to $62.7 billion last year. If income from abroad is included, the gross national product totalled nearlv $64 billion in 1990. INFLATION this year is expected to remain at around last year's 3.4 per
      641 words
    • Article, Illustration
      Profit indicators: signs of the times
      578 11  -  Kenneth James expounds on how tracking profitability can bring dividends, while Anna Teo gives a rundown on trade and investment figures of the year past Kenneth James, Anna Teo COSTS MATTER, but the bottom line for investors is profits. This year's report of the
      578 words
    • Article
      Trading with neighbours
      572 11 TRADE with the neighbouring countries is expected to grow much faster than with the other major markets as Singapore fosters stronger intra-regional economic links, says Mr Mah Bow Tan. Latest figures show that Singapore's total trade with Malaysia and Thailand, for example, grew by 11 per cent
      572 words
    • Article, Illustration
      Value-added is the name of the new game
      665 11 IN LINE with the accent on quality investments, most of the projects committed last year went into industries with above-average value-added. About 44 per cent of last year's $2.84 billion manufacturing commitments came from the electronic products and components industry. With a
      665 words
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  • FOCUS
    • Article, Illustration
      Lock icon Changing face of America
      1415 12  -  Although Asian-Americans were once largely confined to a few states in the US, they have since spread to virtually every part of the country. Fox Butterfield looks at the most rapidly growing ethnic group in the US Fox Butterfield NYT IN BIRMINGHAM, Alabama, where eating out
      NYT  -  1,415 words
    • Article, Illustration
      Lock icon Swarmed and swamped
      516 12  -  Mitya New reports on the Swiss refugee crisis Mitya New Reuter SWITZERLAND, long a haven tor victims from political persecution. says a growing wave of refugees is overwhelming the country. More than 35.000 foreigners arrived at its borders claiming they were fleeing from political persecution last year,
      Reuter  -  516 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      80 12 I hP a va>\ab' ,wv aV oear Customed' tong usf^Lased tote«'^ M -,ddHe East HJ > re rr\a\nea v ep t\on r aS soc>ates n ~Li 1 With the so\e ex teU yo ur as a w ,u be rtt I! !.> i >■> ,aCT tS V m i e
      80 words
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  • SPORTS
    • Article, Illustration
      Different strokes, different folks
      610 13  -  Cassandra How comes to grips with putting Cassandra How They say that golf is a game of imitation and hence the best way to learn is to observe how a pro plays. But one soon finds that in golt, there is one stroke that cannot be
      610 words
    • Article
      Lock icon Sri Lanka and NZ end second Test in draw
      343 13 Reuter SRI LANKA ended 74 runs short of an improbable victory in the second Test yesterday, while New Zealand needed four more wickets in the drawn game. The Kiwis pressed for victory in the final overs in Hamilton, New Zealand, but
      Reuter  -  343 words
    • Article, Illustration
      Lock icon Korda survives opening salvo to win in Chicago
      383 13 AP THIRD-SEEDED Petr Korda of Czechoslovakia withstood an opening-set challenge from Peter Lundgren and then beat the Swede 7-6 (7-5), 6-1 in the first round of the Volvo Chicago tournament in Chicago on Monday. In other first-round matches on the same day,
      AP  -  383 words
    • Article
      Lock icon Huber overcomes Simpson-Alter
      203 13 AP ANKE HUBER, ranked 25th in the world, defeated 128thranked Rene Simpson-Alter 6-3, 4-6, 6-1 in the opening round of the Virginia Slims of Palm Springs on Monday. Huber, seeded ninth, needed 2 hours, 3 minutes to beat the unseeded SimpsonAlter. There was one minor upset on
      AP  -  203 words
    • Article
      Lock icon He may be old, but he ain't quitting yet
      309 13 AP HE SAYS he's old, even by Senior Tour standards, and age has made par a frustrating! y elusive target. But 67-year-old Roberto DeVicenzo plays on. He'd rather lose than quit. "I like the game," he said. "I have a good
      AP  -  309 words
    • SIDE LINES
      • Article
        WBC will not recognise Holyfield bout
        124 13 THE World Boxing Council (WBC) has said it will not recognise the April 19 world heavyweight title fight in Atlantic City between new champion Evander Holyfield and veteran fellow-American George Foreman. The WBC claims that Holyfield should be facing former champion Mike Tyson of
        124 words
      • Article
        Ivanisevic falls
        54 13 FOURTH-SEEDED Yugoslav Goran Ivanisevic lost two tiebreaks to Christian Bergstrom of Sweden and became the first seed to fall as the US$5OO,OOO Rotterdam indoor tennis tournament began on Monday. The lanky Yugoslav, ranked 11th in the world, was beaten 7-6 7-6 by the 63rd-ranked Bergstrom, who won the
        54 words
      • Article
        Jansher claims ninth title
        91 13 WORLD men's squash champion Jansher Khan maintained his incredible run of success on the grand prix circuit on Monday night when he won his ninth consecutive tournament by lifting the Welsh Classic title. Australian number one Chris Robertson, who had defeated defending champion Jahangir Khan in
        91 words
      • Article
        Lotus unveils new car
        91 13 THE Lotus Formula One motor racing team on Monday unveiled its challenger for the 1991 World Championship. Finland's Mika Hakkinen, signed by the team last December after winning the British Formula Three title last year, gave the Lotus 1028 its "shakedown" test. Hakkinen will be the
        91 words
      • Article
        Borg for Monte Carlo
        62 13 BJORN BORG, the five-time Wimbledon champion, is looking to make a return to competition at the Monte Carlo tennis tournament. The Grand Prix tournament is the first major clay court tournament of the season. Borg, who turns 35 in June, reportedly wants to enter directly into
        62 words
      • Article
        Seles closes in on Graf
        91 13 MONICA SELES is within sight of achieving her ambition of toppling Steffi Graf as world number one. The latest WTA rankings show that Seles's points average is just 0.91 behind Graf, at 241.02 to Grafs 241.93, after she had made up 10 points on the
        91 words
    • Article, Illustration
      Lock icon Johnson feels he's catching up
      263 13 AP AFTER WASTING two years of his track career for taking drugs, sprint star Ben Johnson believes he is making steady progress towards overtaking Carl Lewis and Leroy Burrell and reclaiming No. 1 spot. In spite of three defeats in six races, the Canadian who
      AP  -  263 words
    • Article
      Lock icon 100 days of agony
      122 13 Reuter SALVATORE SCHILLACI has gone 100 days without scoring and all season looking for the goal form that made him Italy's World Cup soccer hero eight months ago. Schillaci. who thrilled viewers worldwide with six goals and was top scorer in the World Cup last summer,
      Reuter  -  122 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      315 13 NOTICES THE COMPANIES ACT. CAP 50 UNITED WHEAT FLOUR MERCHANTS PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of UNITED WHEAT FLOUR MERCHANTS PRIVATE LIMITED duly convened and held at 15-B Tantong Pagar Road Singapore 0208 on the 25th day of February 1991 the following
      315 words
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      Page 13 Advertisements Column 2
      285 13 THE COMPANIES ACT. CAP 50 CALAY SYSTEMS DESIGN AUTOMATION (S) PTE LTD At an Extraordinary General Meet ,ng of CALAY SYSTEMS DESIGN AUTOMATION (S) PTE LTD (MANAGEMENT CONSUL TANTS) PTE LTD duly convened »id held on 25th February 1991 ttie following special resolution was passed SPECIAL RESOLUTION That the company
      285 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      217 14 WHERE TO WINE. DINE AND ENTERTAIN WHERE TO WINE, DIME AND ENTERTAIN WHERE TO WINE, DINE GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12 .00 NOON TO 5 00 PM. HAPPY HOUR<Sf DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00 PM TO 2.00 AM.
      217 words
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      Page 14 Advertisements Column 2
      344 14 if&w *">7 Yu Sheng 10th February 28th February, 1991 Yu Sheng, a must for aH businessmen, the symbol for prosperity. A crisp and spicy raw fish salad that b tradltlonaly eaten during the Chinese New Year season. Enjoy festive specialties at RuYI. Gong XI Fa Call lIKAN PARANG YU SHENG
      344 words
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      Page 14 Advertisements Column 3
      371 14 Now. you can enjoy a Ore for One offer during Happy Hour I and gather your girlfriends for a night-out during the weekend, where its Ladies Nite every Friday. n Plaza Hotel S'PMIAY I Hr ji ft Riud 07 IS W 2NflflOll II Catch the Cuatro Calientes I at the
      371 words
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      Page 14 Advertisements Column 4
      293 14 im^ g <dat your way through Europe B k *t? Hw/V I' kf i With over 60 world seeing you again' renowned dishes from European Buffet Lunch 12 nations, you're going February 1— 28 to need more than one Noon 2.30 pm visit to savour all of Adult: $36+ Europe's
      293 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      742 14 TELEVISION AND RADIO T vvrfll /4 SBCI2 £S SmISmMCmS s!m tSJIuSSTm (Cartoon) BUSWESS ON RADIO WCI 311(1 Wild J3O 630 rna»^r cyand BBC, 89.9 mHz in VHF Band II p* Om 111 the 7.00 Wild Cum (Game Show) 6.30 Religiow Programme. 7.10 am, 9.25 am, 1.30pm, ■VfflrnTTnraiH -it Spccklcd 7.30
      742 words
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  • LIFESTYLE
    • Article, Illustration
      Just a sword, for a change
      672 15  -  How doth thou make Shakespeare's most famous play appeal to more than just a few bookworms? Simple. Turn a lethal weapon into a Dane. YVilson da Silva reports Wilson da Silva HE began his career wearing leather pants and wielding a sawed o 11
      672 words
    • Article
      Lock icon Fighting Italian communists to protect top wines
      412 15 Reuter THE Tuscan aristocrat who produces one of Frank Sinatra's favourite wines is fighting to defend the quality of the USslBo-a-bottle vintage from the unwanted smells of a huge rubbish dump. Franco Biondi-Santi has declared war on communist local councillors who want to
      Reuter  -  412 words
    • Article, Illustration
      I shan't drag in the Lords: P D James
      604 15 CHATTERBOX BARONESS JAMES of Holland Park, aka P D James, has assured her peers in the House of Lords in London that they will not star in any of her mystery novels. "The Lords would be a wonderful setting for a
      604 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      266 15 AND ENTERTAIN A Yen For Fresh Japanese Food. —-555 "2K*® I VNI) Unkai flies in trcsh ingredients daily from Japan. To give vou nothing less than the freshest of sushi, sashimi, teppanyaki and other Japanese specialties. Ik ANA HOTEL 16 N.ASSIM lltll. SIV.AIIHU ill IWi SINGAPORE HAPPY HOI KS Monday
      266 words
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      Page 15 Advertisements Column 2
      233 15 Restaurant and ROIKA Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Savour Authentic Russian Cuisine-right in the heart of the Central Financial District. We create the perfect place for lunchtime and dinner entertainment. Our specialities include Chicken A La Kiev, Lobster A La Russe, Shashllk A La Troika and Baked Alaska.
      233 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Investors' buying spree continues to lift prices
      4513 16  -  By Lilian Ang SHARE prices rose broadly on the Singapore bourse yesterday as investors continued their buying spree in a buoyant market, underpinned by news of an Iraqi withdrawal from Kuwait. The Straits Times Industrials Index shot past the 1,420-barrier to end the
      4,513 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3613 17 Main Board SIA Foreign '30 +90 ts o% DBS f oreign 1260 60 f 5 SAL-SIAF93 2000 145 35 31 .8% via I 190 30 2.6% SIA 200 HW 2.6% Kcppri C Wrts 400 t-22 FS.J* SHI Foreign 1160 e20 +.8% DBS 1080 f 20
    3,613 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      250 18 Cooipaay Date Yiir Group Not N«t Minings Grass mm to profit/loss (L) por shora dividend COM) (coats) H leong Credit tan 16 Jun 90 M$24.462($18,074) 218(164) 10(10) CiC Jan 14 Sep 90 $53.947($34,649) 30 8(23 5a) 15(8 5a) FAN Ian 14 Sep 90 $53,080($62,868) 30 1(36 5) 17
      250 words
    • Article
      PRELIMINARY RESULTS
      212 18 Canpaay Date Yaar Grwp pra-tox Nat Minings Gross mm to praftt/lass (L) par shara dhridand (•000) (carts) MBf Finance Feb 21 Dec 90 M$64,519($42,839e) 12 l(96a) 10(82a) Submarine Feb 21 Dec 90 $29,831 ($20,662) 19 0(13.5) 9(8) Steamers Feb 21 Dec 90 $11.575($11.889) 7.1(79) 8(8) (I Securities Feb
      212 words
    • Article
      INTERIM RESULTS
      277 18 Cifwy Oat* HM-yar Gr»up prt-tax Interim mm to profit/kw» (L) dhrtdMd (*000) First Capital Feb 25 Dec 90 $170L($11,006) Rotxnson Feb 25 Dec 90 $11.586(17.186 5(4) Lingui Feb 20 Dec 90 M$3,388($2,671L) Cold Storage Feb 18 Dec 90 $19.171($19,349) 8 7(4.2) /USB Feb 11 Dec 90 M$10,256($4.005) M
      277 words
    • Article
      CORPORATE DEVELOPMENTS
      842 18 Feb 25 The Stock Eichange of Singapore has published a new list ot marginable securities, which has 173 counters, against the previous 186 companies Paramount Corp has obtained the Foreign Investment Committee approval for the purchase of Regency Tower in Kuala Lumpur for Mss9 5m (5537.5 m) in
      842 words
    • Article
      DIVIDENDS ANNOUNCED
      310 18 Current Ex Book# Oat# Total for Total for payment date dose payable the year last year feeaifuntf USIO 10(b) Mar 18 Mar ?8 Apr 8 USJ010 Amho 5*IE Feb 25 Mar Ma» 15 125*IE 25*TE BMT 50% (I) f(t2l) Mar 4 Mai 6 501. 150% Benaya Corpn 51(1)
      310 words
    • Article
      RESULTS DUE
      750 18 Singapore Stocks Last Full Yoar Company Penal Date Yea Net EPS Gross Net announced endfeit (cents) (few profit last yea (fOOO) CMB P»di»f»H Interim Nov 13 Dec 90 29 7 132 11.616(e) BMT Interim Ian 10 kin 91 2S42 1500 773 Dp* Final Feb 16 Oec 90 1.7461
      750 words
    • Article
      APPROVED ISSUES
      174 18 Company Rights Issue H leon( Crcrft Two five M$2 80 per share Enlate Feb 21 Boots close Mar 1 Acceptance Payment NYA PeUnfi Bhd Two tor five fe MSI 60 per share Ex-date Mar 4 Boohs close Mar 18 Acceptance Payment NYA Company Bonus Issue H Leonf Credit
      174 words
    • Article
      PROPOSED ISSUES
      273 18 Company Rights Issue Mean One tor two (a MSI 00 pef share Issue of 40m Cumulative Redeemable Preference Shares of MJO 10 each at MSI per share with 10m detachable TSfi Bolton One for lour «.< MS? 00 per share FAC8 Capital Reduction Scheme to reduce par value
      273 words
    • Article
      BONDS, LOANS & WARRANTS
      804 18 BONDS, LOANS WARRANTS Company Conversion period Conversion tern for one ordinary share C1C Wt Before 26/4/93 1 warrant plus $309 cash Causeway loan Causeway Wt 2/10 89 to 20/10/94 1 warrant plus JO 77 cash or 1 warrant plus SO 77 nominal amount ot loan stock Chuan *M> Nates Chun
      804 words
    • Article
      COMPANY MEETINGS
      96 18 Weame Brothers Ltd: 76th AGM at 65 Chulia Street #33-00. OCBC Centre. Singapore 0104 on Wednesday. Feb 27, at 10.30 am. Ounlop Estates Bhd: EGM at Kedah Room. Basement 2, Shangri-La Hotel, 11 Jalan Sultan Ismail. ***** Kuala Lumpur on Monday. Mar 4. at 9.30 am. United Overseas
      96 words
    • Article
      RECORD HIGHS & LOWS
      170 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 high: 1222 20 26/2/91) JJJ! Jf IXJS ma/i/q 1991 low: 1022 52 (16/1/91) 991*"- JJ*" 27/3/90 1990 Nch: *****3 (16/7/90) JO™ (U/10/90) 1990 low: ***** (09/11/90) J79.W 1989 Nfh: *****0 (28/12/89) }JJJ JJ-J® (2^}f,S 1989 low: ***** (4/1/89) JJJ Si
      170 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      112 18 SINGAPORT'9I ABT Special Survey on Singapore's shipping industry March 26,1991 For the third year running, Business Times will publish a special supplement to coincide with Singapore's premier shipping event SingaPort. This year, the supplement will give an insight into the future of various sectors In the shipping industry and how
      112 words
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      Page 18 Advertisements Column 2
      78 18 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
      78 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Investors return to boost share prices
      4094 19 Bernama SHARE prices in Kuala Lumpur closcd higher yesterday as confidence grew that the Gulf War would end soon. However, gains were pared towards the close by profit-taking. The KLSE Composite Index rose 6.85 points to 563.47 while the industrials index was 11.51 points
      Bernama  -  4,094 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      111 19 NEWS TRAVELS r .> M .-38 I jI f \4flr «o "?.>-" ira l&""- »w ALL ADVERTISING MESSAGES are effective. To varying degrees. In Singapore, when you want to reach out to a select target audience in the transport industry, only one daily offers you the advantage of maximum reach
      111 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Profit-taking sends shares lower after firm opening
      2244 20 Reuter TOKYO STOCKS closed lower yesterday, after heavy profit-taking emerged when the market failed to rally decisively in the morning on reports that Iraq had offered to withdraw from Kuwait. Trading was directionless, with the Nikkei Index seesawing from gains to losses. "There
      Reuter  -  2,244 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks close firmer after active, seesaw trade
      2123 20 Reuter HONGKONG share prices ended firmer in active, seesaw trade yesterday, with buyers becoming more cautious due to the market's lack of direction. "The Hongkong market is just chugging along and following larger markets, especially Wall Street," said James Osborn, assistant director at
      Reuter  -  2,123 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Late buying helps to lift Aussie stocks
      • Article
        INDICES & TURNOVER
        86 21 INDICES TURNOVER Close Feb 26 Prt*io«s SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1.413.2 2.233.1 791.4 81 33 1.412.4 2.230 1 793.9 9803 ♦0.8 3.0 -2.5 -16.7 BANGKOK SET Index Turnover (million bahl) 776.14 5.190 734.24 3.814 +41.90 1.376 JAKARTA Composite Index NA NA MANILA
        86 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        323 21 Index In local currency S day year change change In SS day year change change In US$ day year chaage change World *F.AFE Europe 402.8 530.5 410.4 884.3 1.6 1.9 1.5 2.1 12.5 12.8 12.6 13.0 1.1 I.I 0.4 1.6 12.1 13.0 11.1 14.6 0.6
        323 words
      • Article
        SYDNEY
        934 21 CONFUSION over news reports that Iraq had offered to withdraw from Kuwait kept the Australian stockmarket in the doldrums for most of the day yesterday. But late buying pushed it higher at the close. "It was a very volatile day," one broker said. "There were hopes for peace in
        934 words
      • Article
        JAKARTA
        658 21 IN JAKARTA, the official index fell 15.62 points to close at 411.40 after heavy selling by state bank-linked brokers reversed the recent sharp upward trend, dealers said. A total of 6.3 million shares changed hands. A state bank trader said the selling was triggered by devaluation rumours although he
        658 words
      • Article
        BANGKOK
        816 21 BANGKOK share prices rebounded 5 per cent on the Stock Exchange of Thailand (SET) yesterday in a return of confidence in the new Thai military regime and in reaction to reports of the Iraqi offer to withdraw from Kuwait. The SET Index rose 41.90 points to close at 776.14,
        816 words
      • Article
        MANILA
        533 21 MANILA share prices yesterday mostly slipped on profit-taking after a sevenday rally, brokers said. The Manila Stock Exchange Composite Index shed 29.71 points to close at 976.33 from a 10-month high of 1,006.04 on Monday. "The market is undergoing an expected correction," said trader Fe Paller of Citisecurities Inc.
        533 words
      • Article
        SEOUL
        755 21 SEOUL share prices slumped in active trading on the Korea Stock Exchange on Tuesday on fears that the market had gone too far up, brokers said. The composite stock price index of the exchange fell 15.53 points to finish at 677.27. Declines overwhelmed advances 574 to 139 among the
        755 words
      • Article
        TAIPEI
        407 21 SHARE prices on the Taiwan Stock Exchange lost 3.5 per cent on Tuesday amid divergent responses to reports that Iraq had ordered its forces to withdraw from Kuwait. Wiping out Monday's 1.3 per cent gain, the benchmark 225-issue Weighted Price Index plunged 173 points to finish at 4,839.46 points.
        407 words
      • Article
        Lock icon NEW ZEALAND
        209 21 Reuter NEW ZEALAND shares ended lower after an expected rally on Wall Street failed to eventuate. The Barclays index ended 17.95 points lower at 1,354.26. Phillip Solarz of Doyle Paterson Brown said he expected the Dow to fall further on Tuesday night and a followon effect in Wellington
        Reuter  -  209 words
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  • WORLD STOCK MARKETS
    • US stocks end lower on profit-taking
      • Article, Illustration
        NEW YORK
        1133 22 DESPITE overwhelming signs of an allied victory in the Middle East, stocks edged down on Monday after rising sharply in the morning. Analysts said profit taking and program selling toppled the market. Except for the oil-service group, which is expected to benefit from huge orders to rebuild Kuwait
        1,133 words
      • Article, Illustration
        LONDON
        732 22 LONDON share prices closed higher on Monday, although they were pulled off their highs by a poor showing on Wall Street. The London market was boosted more by hopes of an interest rate cut, than by allied successes in the ground offensive against Iraq, dealers said. The Financial Times-Stock
        732 words
      • Article
        AMSTERDAM
        236 22 DUTCH SHARES rose sharply on Monday in anticipation of a swift end to the Gulf war now that the US and its allies have launched their ground offensive. Hopes for easier oil prices, decreasing inflation and lower interest rates came to the fore as reports suggested that the allied
        236 words
      • Article
        ZURICH
        338 22 IN ZURICH, the all-share Swiss Performance Index (SPI) firmed in active trading on Monday to a new high tor the year of 1,029.2, just off its day's highs and almost two per cent higher than Friday's close. Stocks were buoyed by reports of early allied successes in the ground
        338 words
      • Article
        PARIS
        200 22 FRENCH share prices soared to a new six-month high on Monday, propelled by investor expectations that apparent allied successes in the Gulf war would mean a quick end to the conflict, traders said. The CAC-40 Index finished at 1,745.17, a jump of 28.29 points or 1.65 per cent and
        200 words
      • Article
        BRUSSELS
        241 22 BELGIAN shares on Monday closed up more than one per cent on hopes for an early end to the Gulf war but the market was unsettled by the halt in trading of a leading blue chip, holding company Societe Generate de Belgique, after an erroneous sell order was introduced
        241 words
      • Article
        STOCKHOLM
        59 22 PRICES on the Stockholm bourse took a jump to a new year-high in active trade on Monday following the allied forces' ground offensive on Sunday and in reaction to bullish domestic corporate news, dealers said. The bourse general index rose 2.21 per cent to 1,042.00 in high turnover of
        59 words
      • Article
        MILAN
        255 22 PROFIT-TAKING cut into sharp opening gains on Monday, triggered by the reports of a swift initial advance by allied forces, and Italian stocks ended below the session's highs in an active trading session, brokers said. "Profit taking emerges at these price levels," one broker said, adding many operators remained
        255 words
      • Article
        FRANKFURT
        234 22 IN FRANKFURT on Monday, euphoric hopes for a swift end to the Gulf war sent German shares to new 1991 highs at the start of trade, but the early surge of blue chip buying soon dissipated and prices ended well below their day's highs. Most dealers were sceptical about
        234 words
      • Article
        TORONTO
        250 22 PROFIT-TAKING on Monday on large issues countered gains in junior companies and sank Toronto stocks from a morning rally on hopes of a swift allied victory in the Gulf war, dealers said. The market is looking beyond the war and Gulf news will have little influence. "The markets are
        250 words
      • Article
        INDICES & TURNOVER
        99 22 INDICES TURNOVER NEW YORK < W IVtMMIS Feb 25 IXwv Jones NYSF. Financial S&l' 54M) Turnover (million) 2.887 87 2,189.36 141.95 ***** 367.26 365.65 193 8 218 8 -1 49 -0 20 F1.61 -250 LONDON Financial Times 30 FTSF KM) Turnover (million) 1.866 5 2.335.5 534 5 1.846.7 2.314 1
        99 words
      • Article
        Untitled
        269 22 Johannesburg Feb 25 Rand INDUSTRIALS A Alpha 2275B -125 A EC I I425B Abercom 70 -5 Amaprop 720B AMIC 8000 unch Barlows 3825 50 Basil Sirk 20B BAZ Blyvoor 800 unch CG Smith 8250B Cnagalo 2400 -25 Curtin 525 unch Edgars 4700 unch Fed Volk First Intl 1220 +5 Hiveld
        269 words
  • Page 22 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Profit-taking erases US dollar's gains in Tokyo market
      1211 23 FOREX MARKET REPORTS THE US DOLLAR closed mostly lower on profit-taking in Tokyo market yesterday that emerged shortly after its rise in pre-opening trade on a report that Iraq would withdraw from Kuwait. The selling followed a decision by the US to
      1,211 words
    • Article
      Lock icon G-7 to continue cooperating in currency markets
      430 23 Reuter THE Group of Seven is prepared to continue to cooperate in currency markets to back up its belief that exchange rates are at approximately the right level, a senior US Treasury Department official said. He said the G-7 had decided in New
      Reuter  -  430 words
    • Article
      Lock icon CBOT to launch insurance futures on Oct 1
      150 23 Reuter THE Chicago Board of Trade said it set Oct 1 as the launch date for the first in a series of insurance futures contracts, which the exchange said could help stabilise or lower insurance costs. The first contract of the complex
      Reuter  -  150 words
    • Article
      FINANCIAL FUTURES
      1198 23 SIMEX nmmoiim Open High Low Sett Est Vol Op/lnt Vol Mar 91 93 14 93.19 93.14 93.17 6000 ***** 3828 Jun 91 93.32 93.35 93.31 93.33 ***** ***** 8414 Sep 91 93.13 93.16 93.13 93.15 2700 6052 1931 Doc 91 92.73 92.77 92.73 92.76 1100 6089 707 Mar
      1,198 words
    • Article
      INTERBANK FOREX RATES
      381 23 Cross rates I US St Ml Dm Yen t SFr A$ NZS USS 1.7255 2.7085 1.5155 132.75 0.5176 1.2980 1.2771 1.6708 < I SS 0.5795 1.5697 0.8783 0.7693 0.3000 0.7522 0.7402 0.9683 MS 0.3692 63.71 0.5595 0.4901 0.1911 0.4792 0.4715 0.6169 1 Dm 0.6598 1.1386 1.7872 87.59
      381 words
    • Article
      MONEY MARKET
      572 23 Interbank rates St. Bid Offer I Overnight 5 5 1/8 I-utoolli 5 5/8 5 ,V4 i.iMHilh 5 11/16 5 11/16 Inn mill 5 11/16 5 I.VIA (Kcimghl iihkIc: 5-5/16 I INS Bid Offer 7 «l;i>s 6 5/8 6 1/4 1 monlh 6 *WI6 6 11/16 2 months 6
      572 words
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  • COMMODITIES
    • Article
      Lock icon US wheat growers in need of new funds to compete
      496 24 Reuter US WHEAT growers could lose vital sales and White House efforts to force cuts in EC farm subsidies could falter unless Congress quickly increases Export Enhancement Programme funds, industry sources said. "It's going to undercut the administration's (General Agreement
      Reuter  -  496 words
    • Article
      Lock icon US set to overtake USSR as second biggest gold producer
      204 24 Reuter THE UNITED STATES is set to overtake the Soviet Union as the world's second ranking gold producer soon, the Washington-based Gold Institute said. This is possible because American gold production jumped nine-fold to 9.6 million ounces in 1990 from
      Reuter  -  204 words
    • Article
      KL tin up in tandem with higher LME close
      824 24 REPORT THE price of tin on the Kuala Lumpur Tin Market rose II sen to M$ 15.08 per kg yesterday following the higher London Metal Exchange overnight. Dealers said the LME was up by US$2O per tonne on news that Carnon
      824 words
    • Article
      PRICES
      1488 24 Rubber Feb 26 MS(tetb S wits/kg Nopl! Close Ini I KSS I'rontpl 141 IWV14 > t*»N 142 SVI4VSIN I ill I KSS M.ir 91 142.75/14.1.25 144 25/144 75 hit I KSS A 145.75/14f».25 147 25/147.75 Inl 2 KSS Ol' 140 54VI42 S)N 141 SVI43.S)N lul l KSS Ol' I3S.MVI37.50N
      1,488 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      828 24 NOTICES IN THE MATTER OK THE COMPANIES ACT, CAP. M AND IN THE MATTER OF MENU FT INVESTMENTS PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company, duly convened and held at 89 Short Street, #10-01 Golden Wall Centre,
      828 words
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      Page 24 Advertisements Column 2
      764 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERIOR STUDIO PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290( I Kb At an Extraordinary General Meeting of the members of INTERIOR STUDIO PTE LTD duly convened and held at
      764 words
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      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1051 25 City Fight ETA Flight ETD C /Um MMM GA895 1225 AMakto QF81 2010 QF82 2115 SQ227 2200 Amsterdam GA895 1225 KL814 1730 KL813 1525 SQ24 2215 Mm** 0A471 0015 Auckland NZ25 1825 NZ28 1950 SQ388 2030 Bandar Sari Bi421 fi05 SQ182 0915 Bogawan SQ181 1410 BI422
    1,051 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Coup dents 'Land of Smiles' image
      527 25  -  POSTCARD FROM BANGKOK s s By Angus MacSwan Tourists to the "Land of Smiles" arc enjoying their holidays unfazed by the military coup in Bangkok, but the takeover adds to the work of promoters trying to salvage the industry from a slump caused by
      527 words
    • Article
      MONEY CHANGER RATES
      146 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3460 1.3660 Canadian dollar 1.4820 1.5020 NZ dollar 1.02 1.050 Sterling pound 3.3100 3.3400 US dollar 1.7220 1.7370 IxkiiI dollars to 100 units of foreign currency Austrian schilling 15.90 16.90
      146 words
    • Article
      WORLD TRADE EXHIBITIONS
      81 25 Duration liltc Venue Organiser lcl I'cb 27- Itkito. ("ine aiul Zurich. /.us|\i ***** >055 March 4 Vitlco Inhibition Swil/crtnul in /urich leh'X- InicriulMNul Simigait. Siull&iitcr Mcsm: 4<) 7 1125X*»-«» March 3 I'ladc l air lor Germain I'ml Ktmga-ss HIiihN aiul Sun I'riHccluNi Duration Title Venue Organiser Tel
      81 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      38 25 Johan, fly Finnair if you're going to Stockholm Swede home. Because Finnair gets you home at 0755 in the morning or onto over 30 other European destinations. Call *****77 for details. We know Europe from start to Finnish.
      38 words
    • Advertisement
      Page 25 Advertisements Column 2
      43 25 Page Two %|U|C Jfcfc I J ii fc mm u Iff!!*! GWE |1 1 *1' ill* I I 11 > <9|j|o I I f And 1 I Page 1 ""ukr 1 Follow The New Paper Three 1 I for the latest on the frontline
      43 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      300 25 1 Setting right conccming the BBW a™ ~■■l ~J^ 10 A diet meal, in part minced 1| 11 Articles about no 12 Wrong answers may well WW— show a lack of sophistica- 12 p I j 15 Sent a Greek charactcr 6 side, being wise (7) ■81 16 Swift, the
      300 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      216 25 Singapore Outlook: Showers over several areas in the late afternoon and early evening. Forecast: Maximum temperature 33.0 Assoc humidity 60% Minimum temperature 24.7* C Assoc humidity 93% Hours of sunshine 8.00 Rainfall in mm Nil Rainfall this month 22.3 Rainy days this month 6 World forecast Asia-Pacific Hi/Lo* Cond. Auckland
      216 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      41 25 NiOOGHTS_ *ND) IgLLSbu U)HP\T (Gf\roc OF .-SPY ,J V ctt3SS£S? J /So"Po«^T- f FUNfJ Y J vou ve GOT A y f V FfrCeS- \H£AD SffcßT.. -~1 lAS2—I /voi/Pe not trT\ I 1 V —i 1 CACV I 1 rvW I
      41 words
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  • Article, Illustration
    Thai King gives seal of approval to military coup
    562 26 Stock market partially recovers Monday's losses MILITARY officers in full dress uniform raised champagne toasts yesterday after a royal order from the King of Thailand legitimised their weekend coup against the civilian government. A royal command from King Bhumibol Adulyadej approved
    562 words
  • Article
    Lock icon M$20b investments awaiting KL's nod
    211 26 NST FOREIGN and domestic investments totalling Ms2o billion are still awaiting the Malaysian government's approval, International Trade and Industry Deputy Minister Chua Jui Meng said on Sunday. These investments come from a long list of new industrialists who had applied for operating licences in 1990
    NST  -  211 words
  • Article
    New chancery and home for US ambassador
    399 26  -  By Lilian Ang THE US government has commenced a major restructuring of its property in Singapore which will see the construction of a new chancery and a new home for the US ambassador to Singapore. The new chancery, to be located in Napier
    399 words
  • Article
    Lock icon Indonesian governors face penalty for polls loss
    220 26 Reuter INDONESIA'S provincial governors, all members of the ruling Golkar party, may be punished if they fail to win next year's general elections, Indonesian Home Affairs Minister Rudini has said. "There will be no sanctions for governors or local government if Golkar loses
    Reuter  -  220 words
  • Article
    Lock icon KL to let market forces determine interest rates
    250 26 Bernama THE MALAYSIAN government prefers to allow market forces determine interest rates but will not allow the system to become "sick" like what is happening to the banking system in the United States, Finance Minister Datuk Paduka Daim Zainuddin said yesterday. The
    Bernama  -  250 words
  • Article
    Lawyers call for EGM to discuss directive
    402 26  -  By Conrad Raj A GROUP of lawyers have called for an extraordinary general meeting of the Law Society this Saturday to discuss a recent directive by the Chief Justice, and legal costs incurred in proceedings against the society's members. These lawyers are unhappy
    402 words
  • Article
    Corporate giants in HK back S'pore international school
    287 26  -  From Catherine Ong in HONGKONG SINGAPORE'S first international school to be set up in Hongkong is being backed by some of the territory's corporate heavyweights, including tycoons Sir Run Run Shaw and "Sugar King" Robert Kuok. The Senior Minister of State for
    287 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      44 26 M I l\/IC=]F=*SS[=:i—ll I The Richness Of Leather Handmade To Perfection. Top International Securities Houses use IN VESTA MAT IC I The On-line Investment Research System East Equities 1 1 li i It i SINGAPORE 225-1595 MALAYSIA ("01) 261-5331 lIONC i KON(i 877 2284
      44 words
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      Page 26 Advertisements Column 2
      19 26 Coup leaders to review major projects started by Chatichai, Pg 7 It's business as usual, say businessmen, Pg 7
      19 words
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      Page 26 Advertisements Column 3
      239 26 ii r\/IIZI]F=?EEEE=i[IZI —II The Richness Of Leather Handmade To Perfection trt. DJI nfr FSIKS ""M* BE THERE AND rERNATtONAL I I K ball& MEET 20.000 HONG KONG INTERNATIONAL H IMTERMATIONAI jig." g BUYERS! iinternational 11 K"■ The Hong Kong International lONICS FAIR IJ L Vli I Electronics Fair 91 will
      239 words
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  • Shipping Times
    • Article
      TWRA lowers bunker surcharge as oil prices fall
      448 27  -  By Selva Kumar BUNKER prices have fallen to such low levels that they have prompted yet another shipping conference to lower its bunker surcharge. Yesterday, the Trans-pa-cific Westbound Rate Agreement (TWRA) became the second shipping conference, after the Far Eastern Freight Conference,
      448 words
    • Article
      Lock icon US, Britain to hold talks on air routes
      257 27 NYT THE UNITED STATES and Britain agreed on Monday to hold a sixth round of talks over transferring takeoff and landing rights at Heathrow Airport near London to United Airlines and American Airlines. The negotiations will take place in Washington on Thursday
      NYT  -  257 words
    • Article, Illustration
      Lock icon Keen competition for Seoul's rail project
      464 27 AP COMPETITION for South Korea's multi-billion dollar high-speed rail project intensifies this week with the arrival at Seoul on Monday of German President Richard von Weizsaecker. The Seoul government expects to open international bidding in April on an US$B billion (S$ 13.6 billion) high-speed
      AP  -  464 words
    • Article
      Ships told to continue to avoid danger zone
      214 27 THE MERCHANT vessels entering the Mideast Gulf arc still advised to stay south of 27.30 degrees north, the danger line defined early on in the conflict by the US Navy. International Chamber of Shipping (ICS) secretarygeneral Chris Horrocks said. "Shippers arc not
      214 words
    • Article
      SIA Cargo to start new express service on Mar 1
      313 27  -  By Rahita Elias SINGAPORE Airlines (SIA) Cargo will launch a new airport-to-airport express cargo service on March 1. The service, called Swiftrider, is aimed at meeting rising demand from customers for time-sensitive air transportation, especially for small shipments. Mr Huang
      313 words
    • Article
      Lock icon Boeing forecasts soaring demand for new airplanes
      323 27 Reuter BOEING CO expects the world's airlines to buy nearly 9,000 aircraft worth US$6l7 billion (S$ 1,049 billion) in the next 15 years. In its annual market outlook, the giant aircraft manufacturer on Monday also said it expects the air travel market to
      Reuter  -  323 words
    • NEWS SUMMARY
      • Article
        Is deregulation better than rationalisation?
        32 27 MUCH criticism has been levied at the system of shipping conferences. An International Trade Journal article cautions against championing competition when rationalisation has its benefits Page 2
        32 words
      • Article
        Ground war won't affect insurance rates
        30 27 THE ground battle for Kuwait is expected to have little immediate impact on marine insurance rates in the Gulf, trade sources say Back Page
        30 words
      • Article
        Strike in Santos port resumes
        31 27 A STRIKE in Brazil's port of Santos continued after a planned weekend meeting with management failed to take place, union leaders said on Monday. Back Page
        31 words
      • Article
        Gatt talks on shipping likely to be resumed
        57 27 WILL GATT talks on shipping take place after all? Many people in the shipping sector had no doubt hoped the breakdown of the "Uruguay Round" of Gatt talks in Geneva in December had put paid to the danger that shipping would be
        57 words
      • Article
        Warning for Mediterranean ports
        42 27 HAPAG-LLOYD president Hans Jakob Kruse has warned that Mediterranean ports will lose out on the expansion in transport between the Far East and Europe, despite it growing faster than any other trade during the next decade Back Page
        42 words
    • Article
      Lock icon Japan's only nuclear-powered ship leaves port
      251 27 AP JAI'AN's only nuclear-pow-ered ship left port on Monday for its first experimental cruise, 22 years after its launching. A radiation leak in 1974 in its then new nuclear reactor, repairs, delays and testing had set back the 8.242-ton Mutsu's first real sea voyage.
      AP  -  251 words
    • LOG BOOK
      • Article
        More ships passing through Panama Canal
        90 28 THE NUMBER of ships passing through the Panama Canal has increased considerably as a result ot the war in the Guli. There had been "a significant increase due to shitting patterns caused by the Mid-east crisis," Richard Wainio, director of executive planning at the
        90 words
      • Article
        Fire on Greek bulker put out
        76 28 A FIRE WAS extinguished on the Greek bulker lolos I after the vessel was berthed at Crotone, southern Italy, Lloyd's Shipping Intelligence Service said. The 15,931-dwt vessel reported a fire in its accommodation area ast 1 hursday while it was in the central Mediterranean
        76 words
      • Article
        Merchant ship on fire
        77 28 AN UNMANNED merchant ship packed with explosives was on fire on Monday 20 km off Newhaven in the English Channel after the crew was evacuated overnight. The Breydon Merchant was heading for Drogheda in the Irish Republic from France with a cargo of 150 tonnes ot
        77 words
      • Article
        Gulf War hits German airlines
        88 28 GERMAN AIRLINES could face total losses of 100 million marks this year in a business slump caused by the Gulf War, the German travel industry said. "Losses threatening German airlines and air charter companies could reach a two or three digit level in millions of
        88 words
      • Article
        GM expects brisk sales
        75 28 GENERAL MOTORS Corp expects brisk sales of its cars to Kuwait when the Gulf war concludes and the Arab country begins replacing its decimated auto fleet, GM vice-chairman John Smith said. He estimates that as much 50 per cent of the Kuwaiti vehicle fleet has been
        75 words
      • Article
        Increase in ANA's passengers
        76 28 ALL NIPPON Airways Co Ltd (ANA) said its preliminary figures showed 99,984 international passengers in January, up from 98,226 last year. The rise is due to an increase in international services, but its international passenger occupancy rate fell to 63 per cent in January from 73.7
        76 words
    • Article, Illustration
      Lock icon To deregulate or rationalise?
      1202 28 Much criticism has been levied at the system of shipping conferences. This article cautions against championing competition when rationalisation has its benefits International Transport Journal WHEN US president Ronald Reagan signed the US Shipping Act 1984 and effectively gave the green light for a new era
      International Transport Journal  -  1,202 words
    • Article
      Lock icon WEEKLY FREIGHTS
      570 28 AFP CONTINUED strong physical demand for tonnage prompted a further rise in dry cargo rates over the past week, and some brokers expect the market to remain firm for the rest of the current quarter. The Baltic International Freight Futures Exchange (Biffexfs Baltic Freight Index gained 61 points
      AFP  -  570 words
    • Article
      THE SHIPPING GUIDE
      12157 36 This is a list of ships loading Zim at Singapore for ports around the world. It tabulates, by destination, the name of the Mat ship, the shipping line involved and the estimated eg dates of arrival and departure 28. from the Port of Singapore. Advaneed dates are
      12,157 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        632 43 Vessel Voy No Berth Amy* Departue Keppd Wharves Azerbaydzhan 191 (P) H29 alongside 2602 2000 Kota Bakti E 886 K31 alongside 0303 0600 Kola Intan E 893 K32 alongside 2 7 02/0700 Krasica I 2/91 K30 alongside 28 02/0700 lampung ***** *34 alongside 2602/1530 Trans F|0»d 193A
        632 words
      • Article
        CONTAINER SCHEDULE
        1280 43 RECtlVIMC Of EXPORT FCt CONTMHERS AND ICt CARGO Record Booting/Balance feKs Ship Voy No Etb/Btr Period Fran To From Acx Jade 36A 27/1500 1 26/1500 26/1659 26/1900 Aka Bhum 468N 28/1445 3 27/0700 27/1159 27/1400 4 27/1200 27/1459 27/1700 Aha 067 28/0900 1 26/1500 26/1659 26/1900 3 27/0700
        1,280 words
      • Article
        IN MALAYSIAN PORTS
        406 43 Port Klang Berth at South Port on Feb 26: 1: nil; 2: Soon Hoe; 3 Alam Aman, 4: Hong Leong; 5: nil; 6: Lilymaa; 7: Kin Line No I; 7A: Berjasa. J Shell nil KCT: 8: ml; 9: Kota Pahlawan, Gulf Bridge, 10: nil North Port: 11:
        406 words
      • Article
        DAILY FREIGHTS
        967 43 THE DRY bulk freight market saw fewer fixtures at the beginning of the week than of late, but brokers believed the market will hold at present rates. Indications for March suggest rates will continue along present lines on expectations of steady grain, ore and coal business, which should
        967 words
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      Lock icon Ground war won't affect marine insurance rates
      381 44 THE Reuter THE ground battle for Kuwait is expected to have little immediate impact on marine insurance rates in the Gulf, trade sources say. "The ground war has not made any difference. The immediate risk to shipping was discounted a long time ago,
      Reuter  -  381 words
    • Article
      Lock icon Strike in Santos port resumes
      213 44 Reuter A STRIKE in Brazil's port of Santos continued after a planned weekend meeting with management failed to take place, union leaders said on Monday. Port workers went on strike on Feb 7. There is little optimism it v*ill soon be resolve*. "The situation is
      Reuter  -  213 words
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      Lock icon Gatt talks on shipping likely to be resumed
      317 44 International Transport Journal WILL GATT talks on shipping take place after all? Many people in the shipping sector had no doubt hoped the breakdown of the "Uruguay Round" of Gatt talks in Geneva in December had put paid to the danger that
      International Transport Journal  -  317 words
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      Lock icon Mediterranean ports may lose out on Far East-Europe trade
      237 44 Lloyd's List HAPAG-LLOYD president Hans Jakob Kruse has warned that Mediterranean ports will lose out on the expansion in transport between the Far East and Europe, despite it growing faster than any other trade during the next decade. He said North
      Lloyd's List  -  237 words
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      7 27 Little impact on insurance rates. Back Page
      7 words
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      Page 27 Advertisements Column 2
      166 27 HIH UNITED im i£AS(NGISttVKISr[IIJP__^ Mi Call Tel: *****13 (IS) Contain* Schedule 1' Daly Fraghts 1' Met to Advertisers 3 Slipping Guide 10,11 Ships m Port 17 Singapore Tides 1' Weather and Sea Conditions 17 Weekly Fre«hts 2 For other reasons, send in your subscription now. hum Plea* send I flame:
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      90 28 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS M*. 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
      90 words
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      Page 29 Advertisements Column 1
      2093 29 JAROINE SHIPPING AGENCIES H|l|| AU Cantonment R.idil #12 OS Southpomt, Smiijpore 0208 \llVfir 111 URMiNAI Tel 320U218 220 W BOOKINGS Tel *****34 258 L IWf 4 PESAKA JAROINE SHIPPING AGENCIES SON rtJRT KEIANG TEL *****18 TELEX NO MAW4//MA***** PENANG TEL *****4 TEIEX NO MA4OO/3 CFS TEL *****6 p4?Jic<*h'd K> Quality
      2,093 words
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      Page 29 Advertisements Column 2
      1272 29 INDEX TO ADMERHSERS Pagf Col Page Col A Liner Shpg Ift 3 Li/cna 15 I ABC Conlaincrlinc 13 5 Ltyil Bcasileirn 12 2 Accord (iroup 8 1-3 Jo > 1 d [ncMinu 4 1/2 y| 15 I Lulls Sca*a> 15 3 Ahrcnkicl Liner 16 3 Lykcs l ines 3 I
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      Page 29 Advertisements Column 3
      2785 29 ■Qcossaoaa NEXT SHIPMENT TO U.S.A. MARIT MAERSK V. 9104 ETA 6/3/91 VmMI Voy ETA I ETO "Port "Periling DESTINATIONS Singapore Kelang Ihis Uwu 9104 Feeoer by V 3 (*OO HPS Farco CFS 4/3 iVA MRS M Taufo OAK LGB rtOU MEM ATL MIA CHS BAL PHL NYC MON TOR MAPIT
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      1258 30 «gej» Irottfoam'l VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP IE HAVRE Oflßßßt OSAKA BAY 98/522 1/3 20/3 24/3 19/3 CITY OF EDINBURGH 94/524 4/3 21/3 25/3 22/3 MCCTttAllMfl P HONGKONG EXPRESS 99/109 7/3 28/3 26/3 25/3 ALL W»TiOUWP. KAGA 17/309 10/3 27/3 29/3 4 2/4 KOMKWIMM CARGO KURAMA 99/110 14/3
      1,258 words
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      Page 30 Advertisements Column 2
      556 30 FLOttAMA- h PACIFIC ¥.1907 EB SERVICE ETA: 28/2/91 T Funafuti NOU 11/3 SUV 14/3 Llulokl .j p^opi s° PPT 19/3 P*P«te Suvy., ,w "SIN V Agent* (zfWeMMU] SINCiAPORK: 5M0156 I I PICSAKA JARDINK M'SIA ZlS!? J PORT KELANG: 03-.H>B-1118 JOHOBE. (Tl-ZVhIZ^J GUINEA I I SPORE CHEFOO V4S I'] POM7HON/NORO' LAE
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      Page 30 Advertisements Column 3
      1275 30 EJbmmsksxst &MMS regular independent full container service WESt66UND FOR EUROPE ~Z VSI/VOY SIN Ba HA* ME HOT A»r ALG) HAM) ROT) M NORASIA PRINCESS 9051-3 28/02 17/03 18/03 22/03 23/03 24/03 25/03 26/03 JAPANSEA.SSf 07/03 29/03 30/03 03/03 04/04 05/04 06/04 07/04 OJjjJ NORASIA SINGA 9101-3 11/03 31/03 01/04 05/04
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      1802 31 Snipping Times, Wednesday February zl 1991 SjgSteamers MaritinieTfoJdings Ltdj 11 k- -,> PAn anw straits shipping I 130 Vr f amnri t« BfiMi, last Malaysia, u Containers mkJm I ACCEPTS DUE SAILS I Voy Ho Pftiar.g S pore S tor H bufg Shave* Rtom left CARGO I r*. 8 52
      1,802 words
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      Page 31 Advertisements Column 2
      1259 31 TO- U S.A /PANAMA PM II S A./PANAMA AMERICAN SENATOR If IW S w *14 l S IM »/l Si IW IW lil su ii: ss 5 s Ts iS 2 as ss ATLANTIC SENATOR EFII2 »J 741* 2M S/S IM IW W* GERMAN SEN "A IM *2 MH TQ:
      1,259 words
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      Page 31 Advertisements Column 3
      427 31 STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST IN RO-RO HEAVY LIFTS I VESSEL CHAMPION COSMIC COSMIC COSMIC I TRADER CHALLENGER TRADER PIONEER (2nd Call) I WOY NO 15 5 14 It I Spore 4/3 1/3 14/3 11/3 I P Kelang 6/3 12/3 I Penang I Yangon 1 Mongla I Chittagong I
      427 words
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      737 32 nH CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSIVOT [STO«T"1 ROAM AO AM HBURG BREMEN ANTWERP TRIAS UNITYDO2WB 8/3 9/4 15(4 19/4 SRIWIJAYA3IWB [»/3 6,5 1115 16/5 M FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject to Inducamant Also accepting cargo lo Casablanca, Port Said. Port Alexandria. Ganoa. Trieste ALSO
      737 words
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      Page 32 Advertisements Column 2
      783 32 HANJIN SHIPPING FEEOER VSL SIN LINE HAUL LAX OAK SoorelltH RIM ANR HAM BRV FEL CHOYANG VICTORY 002E 27/2 H POHANG 107E 2S/3 27/3 HANJIN LONGBEACH 032* i3?l 3 7 3 ,'t i ?1 <j hi UiUnlJ rnVr'uAC °<Im t O T J GM t 0,11 f'J I HANJIN OAKLAND
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      Page 32 Advertisements Column 3
      113 32 POL (M) SDN BHD) i 35. I*l Mr. Jalan Curvgah Port K*lang. T«l: 36M2M. 3MM7O All— i W M»l«y»l«/S pore to E M«l»vtl« S«rvtc« pVo P»l« PC 5 oo'« KK 5* I«l I Ojlu SMudrs Vm 5-7 d 911/3 13-14/3 23-25,3 Cnmnf Htng V«1 lt »7 «-M 1101 Sab«ni Situ
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      Page 32 Advertisements Column 4
      1347 32 f i —J .T -J J^T— PKL SGP HKC KSC KLC PUS HKT OSK NCY SM2 TYO LAX CHS BAI NYC LHV ANW ROM TMP HBC PSD CMB PKL SGP GENTR* Re Oft 112 24,2 *3 m U 11/3 13 3 15,3 16/3 17,1, 14-3 29 3 10/4 12,4 14/4
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      1504 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: *****/*****E) BOOKINGS' VS UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE-- *****18 FAR EAST SERVICE *****48 M TERMINAL OFFICE 2212M2 DOCUMENTATION DEPT: *****44/ *****14 CFSTK27 —IMTORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 Penang (04) *****0, J.Bahru-(07) *****3, *****4 "arS T (2l) R
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      Page 33 Advertisements Column 2
      888 33 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 SERVlCE)____ m m DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VOTAGt |SPO»f |M«KIU> MHOWC VOTAGt SPOUt PKLANC HBUtG HAVtH TIUUWT WTT
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      1693 34 j K LINE KAWASAKI KISKN IvMSHA. 1/11) I EXPORT W. AMERICA fACIFIC SOUTH-WEST ~7 IMPORT N. AMERICA PACIFIC SOUTH-WEST— j MOTHER VESSIL VO* HOUS IB o** TK* IffDER VISSII *0* TUT SGP~| FIEDIR VISSIL VO* -INOO -PK PI»G SCP MOTHER VESSEL VO* IB OAK CHI NYC 111 HENRY H BRIDCI
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      Page 34 Advertisements Column 2
      1319 34 t.M PHIU OHICNT UN€S PTC LTD 1108 ROBINSON ROAD #07 00 GMG BUILDING SINGAPORE 0106 TEL *****?? *****69 *****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGI IT FORWARDERS ASSOCIATION 3 MAR MONTREAL. OTTAWA. TORONTO, ■■■■■■■■■■■■■■■■■■■■■I
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      Page 35 Advertisements Column 1
      1331 35 gaaPfl PACIFIC INTERNATIONAL LINES (PTE) LTD Hi PIL BuiMing, 140 Cecil Street #03-00, Singapore 0106. I JAKARTA 1 BANGKOK H VESSEL VOV SIN BKK SIN VESSEL VOV SIN JKT SIN HA MU 9108 2«/2 J/3 7/3 EDEN 9109 5/3 7/3 12/3 HA) YING 9106 2S/2 3/3 */3 GOWA 9104 «/3
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      Page 35 Advertisements Column 2
      1189 35 BEN LINE CONTAINERS LTD 9 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL |VOY SPORE P KLANG SHAMPTON| HAMBURG BHAVEN R OAM LHAVRE Osaka Bay* 98/522 1/3 I 20/3 24/3 19/3 VIA RO City ot Edmbuffl 194/524 4/3
      1,189 words
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      Page 35 Advertisements Column 3
      344 35 ygmm MYANMA pBBk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg HPA AN VI6OW 2/4 Mar MYOMAYWA VI33W 2/4 Mar MCRCUI VIM* 3/5 Mar 1/3 M* r THE BANK LINE (A scrvice of Andraw Weir Shipping) SEMI-CONTAINER SERVICE \< HEAVY LIFT CAPABILITY
      344 words
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      808 38 DSR-SENATORLINES) INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV RDM ANT HBG THUERINGEN WMIOB 13 »/3 29} 31;} 27/3 JAPAN SIN WFIU A3 1/4 4/4 3/4 2/4 BREMEN SEN WFII2 13,3 9/4 6/4 S/4 10.4 TO EAST MEDITERRANEAN OUTBOUND SIN LCA Accepting (or UMASSOL OU/AI
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      Page 38 Advertisements Column 2
      1007 38 sni-" CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 24/2 ft 2/3 LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HAMRUR6 MANCHESTER LE HARVE AND ALL EUROPE INLAND DESTINATIONS FAR EAST PORT KELANG 1/03 8/03 MANILA 2'03 7/03 PENANG 1/03 4 8/03 BUSAN 1/03 9/03 BANGKOK P9/02 2/03 TOKYO
      1,007 words
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      Page 38 Advertisements Column 3
      288 38 I W JE CONTAINER LINE] T TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES FAR EAST r,vii: s |s, fur PENANG 1/3 t 8/3 NAGOYA 3/3 A 10/3 :s,' a l a, 3 15*" j, lits BANGKOK 27/2 a 3/3 HON6KONG 27/2 4/3 KEELUNG 28/2 a 3/3 EUROPE/UK tbsst gt
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      Page 38 Advertisements Column 4
      1476 38 ttfc t■»* Ifr s] > CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE SINGAPORE S GENERAL AGENTS COSTAR SHIPPING PTE LTD TEL *****00 (SINGAPORE) INDONESIA S AGENTS P T GLOBAL PUTRA INDONESIA MARITIME TEL 380/882 (JAKARTA) MALAYSIA S AGENTS CHUNG CHIAO SHIPPING SDN BHD TEL. *****91 (KL) *****1 (PENANG) GUAN
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      Page 39 Advertisements Column 1
      834 39 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! KTA USA \ll IPI Destns 1/3,11/3 I EUROPE all Ports 2/3, 9/3 BANGKOK 2/3, 7/3 HONGKONG/CHINA 2/3, 9/3 SYD, MEL, ADEL, BRIS 2/3, 14/3 FREMANTLE 9/3, 17/3 MANILA 1/3, 8/3 PKLG/PENANG 3/3, JO/3 Port Kelang Branch Tel: *****21/2/3 Fax: *****24 Penang
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      Page 39 Advertisements Column 2
      297 39 S3 RICHFIELD MARINE A6ENCIES (S) PTE LTD 3a TEL: *****33 (12 Lines) m FAX: *****15/*****03 fHj TELEX: RS ***** RISHIP (3 Lines) !PCt\ ETHIOPIAN SHIPPING UNES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESStI IVOY ETA I LOADING FOR SPORE ABBAi WOHZ ,'BWB 10 04 DARESSAI AAM MOMBASA DJIBOUTI
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      Page 39 Advertisements Column 3
      727 39 MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL *****55 SINGAPORE INDONESIA SERVICE "VSL VOY SIN JKT PAJ SIN PUL
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      Page 39 Advertisements Column 4
      846 39 SYDNEY/MELBOURNE BANGKOK VESSEL VOY SPORE SYO MIL [vESStt |vOY SINGAPORE BANGKOK PIYA BHUM 0302 15 16/3 21 30/3 01 -03/4 JENLINK 44N Wed 27/2 Sat 2/3 PLANETA 0304,3 16 18/3 20-21/3 NANTA BHUM 30N Thur 2«(2 Sun 3/3 t>tANtT 2 03 < 1S l//< 20,4 MAHA BHUM# 48N Sat 2/3
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      Page 40 Advertisements Column 1
      928 40 MAC-NELS SINGAPORE if"PQBT Tti: *****22"] import TEL *****0* PFNANG TEL (04 *****6 KK TEL (088) *****0 JAWAIJ TEL (089) 7786/< KELANG TEL (03)*****7 7 KUCHING TEL (082) *****3 SKA N TEL (089)*****2 I I BAHRU TEL (07)*****2 SIBU TEL. (084)*****2 SAHIKEI TEL (084)*****8 —\=T JAKARTA TEL (21)*****3? MEDAN TEL (061)
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      Page 40 Advertisements Column 2
      379 40 fffgfc BLUE STAR LINE 11 SINGAPORE TO NEW ZEALAND AND T/S FIJI Kill I.Y CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NKW PLYMOUTH 4 PORT CHALMERS ACTKPTINC. F(J. LCL K)H AUCKLAND, NAPIER. WELLINGTON. BLUFF. CHRISTCMURCH. DUNKDIN. LYTTELTON. INVERCARCJIL. FIJI ANI) TAHITI SIN N Pl* AUCK LYT PROSPECT 11S 4 Mai JJ jr
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      Page 40 Advertisements Column 3
      1042 40 /3EI THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fa* No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL |wt ICTA liitt kub- !•1 O* JI?I > KIM SOON LI 7/91E 01 FEB PENANG
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      Page 41 Advertisements Column 1
      871 41 >((KXv 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 ROSEFVEREIT 01,'02 Mar SHAPIAEVERETT 10f'12 Mar U/15 Mar KAMALEVERETT ***** Mar 30 Mar'O? Apr 05,07 Apr
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      Page 41 Advertisements Column 2
      506 41 vst Ivor Is PORE IMAINLINER Ilax [kst Isav Inyc HfX im MELBOURNEZIIf 7/3 HM CALirORNI* 3/4 121* 1M 17/4 I*4 LEE*ARO II 9/3 7IM SAVANNAH 11/4 23/4 Hi* I** Ifi im EILA! UE lb) /IM SAVANNAH 13/4 23/4 Hi* 2*l* Ifl 2IM PIRAEUS 127E 21/3 IM CANADA 25/4 4/5 7/5
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      Page 41 Advertisements Column 3
      780 41 SING KWANG HANG] 9MPWMB THAWS* OWTATWW <m) LTD WEEKLY LCL/FCL SERVICE I VESSEL SPORE JAKARTA SURABAYA MEKHANIK KURAKO SOW 28/2 03/03 JENWEL V 166N |01/3 |04/3 VESSEL FsPORE BANGKOK A VESSEL 27/2 02/3 A VESSEL 01/3 04/3 DESTINATIONS ETA SINGAPORE V PORT KELANG 01 MAR MANILA 02 MAR HONG KONG.
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      Page 41 Advertisements Column 4
      592 41 PERINTIS LINE I I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASE TIA 149 A ?&0? 03/03 JATIDIW 9?l 0?/03 05/03 PO ASF. TIA ISIA 07/03 10/03 JATIDIMI 9» 09 03 1?/03 TANTO UTAMA t43 ?30? 26/02 TANTO UTAMA 145 04,03 07/03 TAN 10
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      Page 41 Advertisements Column 5
      390 41 S|N FMEAST 3/3 KEELUNG/KAOHSIUNG 2/3 BANGKOK 3/3 MANILA/CEBU 2/3 JAKARTA, BELAWAN/SURABAYA 2/3 PORT KELANG/PENANG/E. Malaysia 3/3 BUSAN 3/3 TOKYO/YOKO/KOBE/NGO/OSA 3/3 HONG KONG S|N CHINA 3/3 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo sin mmm 2/3 LDN/FLX/LVP/SOU 2/3 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania/Poland'Bulgaria'Czech. SIN MSA/CANADA 5/3 LOS
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      Page 42 Advertisements Column 1
      642 42 CB SHIPPING (®> MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTNNER/LCL/BREAKBULK SERVICE "ANKE" SERVICE lAK SPt IC BARA LAC COM T WILLC V#SB 3 3 S-W ***** I*3 2W Vi .jSB 2« «A« »-10.« 1M 21* 4 »rtSB 3/S brS 115 1&S 21/4 W> PNG BUNKER SURCHARGE TEU USO S3
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      Page 42 Advertisements Column 2
      387 42 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE KS VOl-91W 3/3/91 27/3/91 18/3/91 22/3/91 G M V 28CW90 3/3/91 24/3/91 MB VO3CW9I 4/3/91 24/3/91 25/3/91 30/3/91 V V V 02-91W 11/3/91 5/4/91 26/3/91 31/3/91 KVT VO4CW9I 17/3/91 11/4/91 12/4/91 17/4/91 I Y V 03-91W 20/3/91
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      Page 42 Advertisements Column 3
      474 42 I ITIBbMMIH ESSEL SIN PTL DBN RBV LS DANAOS VO3W 04/03 14/03 18/03 22/03 LS AMALIA VO4W 21/03 31/03 05/04 I I VESSEL VOSW 06/04 16/04 21/04 I ccepting FCL and LCL tor Johannesburg Sub| to inducement II ESSEL RBV OBN PTL Sm KEE BUS LS STRENGTH VOIE 22/02 26/02
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      Page 42 Advertisements Column 4
      530 42 CUJ( conrnv inTERfnoDRL^i LCL/FCL SERVICE FROM f\/ r==i r=i Fopen** over Boo HrmN*kAol#cwlnyjBA I I UKL rn CUJI uintolftß wr >MOO tractor* > lMlfc>. I I Aft A CUfl mtvm ovbt 80,000 point* In U.B.A. Ijl rjjsl] /■IB CUM offtr reliable LCI/FCL mniom. Ganaral Agantr TVAA^n/A/A/IfPENANG KL: allied-LINK SINGAPORE: //T^X
      530 words
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      Page 42 Advertisements Column 5
      481 42 /Cfifc SETH SHIPPING CORP SDN BHD fJBQi PT KUUK TEL: 0-M7SIM H Hm| FUM7OBII TOSH Ka«K TEL: FU 04 136M3 SKA* TEL: *****4M2 SIM TEL: 0M31M22 TAWAU TEL m-77HT« KK TEL (*****230 KIICN TEL: 812-*****) M'SIA TO USA/CANADA CONTAINER SERVICE FUDER VOY PEN 'ml SIN I LAjLBI KST I NYC
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      451 43 TIDES AND WEATHER TODAY'S TIDES (luttit in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 lluO 1200 *****400 *****600 *****800 1900 2000 2100 2200 2300 W 23 20 16 1 3 12 12 13 1 7 22 28 31 30 2 7 22 16 10
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      Page 44 Advertisements Column 1
      421 44 CHARTPOINT Every Saturday in Business Times I PT klayaran. SAMUDBA ABUNG POH AIK 184 27/2 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 6/3 DUMAI/PEKAN BARU TSS 01 27/2 DUMAI KUALA SIAK V 28/2 BALIKPAPAN/SAMARINDA SENGGATA (TG BARA) 5 vessels (weekly) to PERAWANG/PEKAN BARU DUMAI 3 vessels (weekly) to BATAM SUMATRA PORTS Also accepting
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      Page 44 Advertisements Column 2
      505 44 /.HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOV LM OAK SiA HKG SIN_ CGM PASCAL m W 7/3 25/3 28/3 31/3 30,3 CHALLENGER 11* »1 W W 21/2 2/3 bbs sssr s w is is
      505 words
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      Page 44 Advertisements Column 3
      434 44 ICHARTPOINTI Every Saturday in Business Times UK/CONTINENT (TRIO) WURSEiZS M m W 28 SS=3r JSSR——UhLUM KACA w m 110.3 |»i MEDITERRANEAN (MED CLUB)* JEDDAH SP" ST" wT* city or EDINBURGH *u« u° SSSSS iIT »1 58 »3 T« W HONOOHG EXPRESS *1« W Wl HmjjjjM gsranwr MJ I ,s 82
      434 words