The Business Times, 28 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 Thursday February 28 1991 75*
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  • NEWS SUMMARY
    • Article
      US rejects latest Iraqi offer
      71 1 IRAQ said yesterday it would accept UN Security Council resolutions demanding it drop its claim to Kuwait and agree to consider war damages if the allies agreed a ceasefire in the Gulf War. But Washington said Iraq's latest otYer still falls short of US demands.
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    • Article
      Gorbachev ultimatum
      32 1 SOVIET President Mikhail Gorbachev has threatened to detach two ethnic regions from Georgia unless the republic's nationalist leaders sign a treaty with the Kremlin, said Georgia's president, Zviad Gamsakhurdia, yesterday.
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    • Article
      'Restore CPF' call
      32 1 THE MP for Kebun Baru yesterday urged the government to restore the employers' CPF share by at least one per cent from the current 16.5 per cent Page 2
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    • Article
      New paper suggested
      38 1 IN URGING the government to give the media a wider role, KShanmugam (MP for Scmbawang GRC) said Singapore may need another newspaper if the right environment for intellectual creativity is to be created Page 2
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    • Article
      Policy stays intact
      33 1 DEPOSED Thai leader Chatichai Choonhavan's policy to turn war-torn Cambodia into a market for Thai goods is expected to remain intact following his overthrow in a bloodless coup Page 7
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    • Article
      Soviet debt crisis seen
      35 1 THE ORGANISATION for Economic Cooperation and Development has warned that the deterioration in the Soviet financial position is likely to erupt into a debt crisis some time this year Page 8
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    • Article
      EC to seek opening
      29 1 THE EC's Competition Commissioner, Sir Leon Brittan, will embark on a mission this week to persuade Japan to open its own lucrative markets Page 8
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    • Article
      German decline
      33 1 A UNITED Germany will not be able to pull the European economy forward, but will itself be in a state of decline in five years, says Edward dc Bono Page 11
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    • Article
      More growth expected
      35 1 WITH THE END of the Gulf war pending, Singapore Airlines' cargo revenues are expected to chalk up better growth in the next financial year, starting April I. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      30 1 SHARE PRICES in Wall Street opened higher yesterday with the Dow Jones index of leading industrials gaining 8.42 points to 2,873.02 in the first five minutes of trading.
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    • Article
      Footsie higher
      58 1 SHARE PRICES in London rallied on news ot a halt-point cut in UK base lending rates to 13 per cent, and gains in futures then helped to lift the market above Tuesday's closing value late in the morning. By 1205 GMT. the FTSE index was 8.0 points up
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    • Article
      Avimo optimistic
      31 1 LOCALLY-LISTED defcnccrelated company Avimo is confident of good times ahead as defence budgets in the early 1990s will not shrink to the extent envisaged 12 months ago Page 3
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    • Article
      Tasks ahead for UIC
      21 1 UIC needs the market to help make its various permutations and other debt-restructuring options work Page 3
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    • Article
      Confidence measure
      33 1 THE BANK of Thailand has been instructed by coup leaders to prepare a liquidity line of credit aimed at restoring confidcnce among the business community during the transition period Pag® 6
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    • Article, Illustration
      STOCK INDICES
      30 1 Wednesday Change BT-MGA 696.03 +4.28 Kuala Lumpur ....561.13 -2.34 Hongkong 3,512.79 -'^-64 Tokyo 26.094.25 -188.71 Sydney 1.390 6 -22.6 Tuesday Change New York 2,864.60 -23.27 London 2,322.2 -13.3
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    • Article
      CURRENCIES
      20 1 Exchange rates US$ SS 1.7280 100 Yen SSI.3007 MS SS0.6360 Money market rates Overnight 4-5/8 -5/8 3-montn 4-11/16% -I
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    • Article
      COMMODITIES
      37 1 London Gold AM fix USS360.00 US$0.90 Rubber S'pore Mar I44.00«/kg -0.25 M'sia Mar 225.50«/kg unch KL Tin Turnover 21 tonnes-20 Spot MS 15.04 /kg -0.04 Crude palm oil Turnover 1,226 lots -878 Mar MS852 /tonne -6
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  • Article
    Lock icon UK cuts interest rates further
    172 1 Reuter. BRITAIN shaved interest rates yesterday for the second time in two weeks in efforts to help the economy out of a recession. The Bank of England said it was cutting its money market lending rate by half a percentage point to f 3 per
    Reuter.  -  172 words
  • Article
    D&C Bank planning to acquire UMBC
    529 1  -  Move will make D&C Bank third biggest in M'sia By William Chia MALAYSIA'S fifth largest bank. Development Commercial Bank, is planning to acquire United Malayan Banking Corp (UMBC), the country's fourth largest bank. Sources told BT that D&C Bank officials arc currently holding discussions
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  • Article, Illustration
    New STIC company to tap environmental services market
    368 1  -  By Claire Leow SINGAPORE Technologies Industrial Corporation (STIC) has set up a new firm, Semes, to exploit the regional market for environmental services, estimated to be worth more than $9 billion over the next five years. STIC president Wong Kok Siew said
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  • Article
    Hotel occupancy rate at major hotels now 70pc
    452 1  -  By Chitra Rajaram OCCUPANCY RATES at major hotels have picked up in the last fortnight and are now around 70 per cent, causing hoteliers to be optimistic about their business prospects for the year. After the start of the Gulf war in
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  • Article
    Lock icon Kuwaitis celebrate liberation
    554 1 THE «fiUK« 'mmm Agencies CROWDS wept with joy as the army of the exiled emir rolled home in triumph to liberate Kuwait C ity after almost seven months of Iraqi rule as US forces continued to crush the trapped elite of Baghdad's army in southern Iraq. Allied
    Agencies  -  554 words
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      Page 1 Advertisements Column 1
      288 1 Cassette Receiver K t FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. 235 1333 Kuala Lumper Phone 757 0233 Penang Phone *****5/*****4 Jakarta: Phone. 374 085'380 1472 Ad Marketing 13 Money Changer Rates 25 Weather 25 Aircraft Schedule 25 Money Market 23 World News 8 Commodities 24 Regional Co
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      Page 1 Advertisements Column 2
      133 1 Rodenstoch (JS-Japan clash on aid likely, Pg 9 Kuwait needs huge loans to pay for reconstruction, Pg 9 Tokyo markets seek direction after Gulf war, Pg 23 f ~7w§iry 11 iM! ■IS y TPs t tr""-* •*vOUR BRUNO MAGLI COLLECTION Solr An«il: Marie* Marketing ftp ltd Tel: 7)4%% Fa* 73
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Petrol pump prices come down
        151 2 PETROI PRICKS at the pump tor three station chains will cost less today, bringing them back almost to levels before Aug 2. In the days after Kuwait was occupied by Iraq, crude oil prices on the international market shot up. which also sent petrol prices
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      • Article
        SIA's plane order to proceed
        98 2 DESPITE TNI: SOFTNESS in the travel market, Singapore Airlines is going ahead to buy the aircraft that it has ordered. The airline has even exercised an option to buy two of the 8747-400 planes from the 1986 order, which involves 20 planes 14 firm and
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      • Article
        Vehicle quota for April
        45 2 THE REGISTRY OF VEHICLE'S total quota available for the April exercise under the vehicle quota system is 3,730. The next monthly tender for vehicle entitlements will open from 9am on Friday. March I, and close at 4pm on Thursday, March 7.
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      • Article
        Polytechnic's automation role
        47 2 THE ECONOMIC Board has appointed the Ngee Ann Polytechnic as a long-term coordinator to inculcate automation culture in schools and junior colleges. For a start, automation kits will be loaned to five secondary schools and five junior colleges, selected by the Ministry of Education.
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    • Article
      Call to increase bosses' CPF share
      509 2  -  Yesterday in Parliament By Shoeb Kagda ARGUING that the growth of the Singapore economy had outpaced increases in employers' Central Provident Fund contributions since the last recession, the Member for Kebun Baru, Mr Lim Boon Heng, called on the government to restore the employers'
      509 words
    • Article, Illustration
      Another newspaper to create intellectual environment?
      325 2  -  By Harish Mehta SINGAPORE may need another newspaper if the right environment for intellectual creativity is to be created, K Shanmugam (Sembawang GRC) said. Speaking in support of the motion to thank the President for his address, he said that the government should be
      325 words
    • Article
      Bid to amend motion thanking President quashed
      348 2 RULING party MPs yesterday voted en masse to quash a lone attempt by NCMP Dr Lee Siew Choh to amend a motion thanking the President for his address. During the debate yesterday on the President's Address at the opening of the Third Session
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    • Article, Illustration
      Deutsche Bank sets up regional training centre
      250 2 DEUTSCHE BANK has incorporated its regional training centre in Singapore to tap the growing demand for training in financial know-how in the Asia-Pacific region. The bank said yesterday that DB (Asia-Pacific) Training Centre (DBTC) is now opening its courses to interested parties outside
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      142 2 Bui il your Mitsubishi requires any alien lion, don't miss the /2\ Mitsubishi free Inspection Programme we've organised in conjunction a wiili the opening of our new workshop ai 209 Pamian Gardens "S«V On from 11-2 J March. Mitsubishi car owners can have their cars inspected ami assessed personally by
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Gulf war improves prospects for defence-related Avimo
      421 3  -  By John Tan DEFENCE-RELATED company Avimo is confident of good times ahead. In its annual report for the year ended Sep 30, 1990, chairman Nick Prest commented that following "the outbreak of war (in the Gulf) and recent developments in the Soviet Union,
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    • Article, Illustration
      Khoo buys Central Prop shares from Estate Finance
      242 3  -  By Diana Oon MALAYSIAN hotelier Khoo Teek Puat has bought 2.47 million shares in Central Properties from his Hong-kong-listed investment company, Estate Finance. Of this, 1.17 million shares represent his direct interest, while the remaining 1.3 million shares were purchased through National
      242 words
    • Article
      Acma shares suspended
      115 3 TRADING in ACMA shares was suspended yesterday following a BT report that the electronics firm was negotiating with the major shareholders of Gold Coin to acquire a stake in the fccdmill group. An announcement is pending, said Acma's managing director Mr Martin CW Yuen in a letter
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    • Article
      Will time be on UIC's side again?
      767 3  -  THE HOCK LOCK SIEW COLUMN By William Chia AFTER its headline-grabbing takeover of Singapore Land last year. United Industrial Corporation is now grappling with the more mundane task of reducing its debt. Adding to the problem is the "excess baggage" it now has
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    • Article
      Avimo buys NGL Singapore
      275 3 IN A MOVE to diversify into the aerospace and non-dc-fcncc-rclated activities, precision optics maker Avimo is buying aircraft parts maker NGL Singapore for $3.26 million. The price works out to $1.08 per share for the entire share capital of NGL Singapore's three million ordinary shares of
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    • Article
      BALGI to focus on M'sian life insurance business
      290 3 BRITISH American Life and General Insurance (BALGI), which is making its final pullout from Singapore, will concentrate on enhancing its life insurance business in Malay- i sia, an area in which it says it has more strength. BALGI president and chief operating
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    • COMPANY BRIEFS
      • Article
        Cerebos explains moves on Bonlac and Unilac
        126 3 CEREBOS Pacific yesterday listed the factors it took into account for the A$ 12.5 million (S$ 16.7 million) it paid recently for two Australian companies Bonlac Foods and Unilac Australia. In its reply to the SES, Cerebos said the two companies have a
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      • Article
        Pan Malayan's audit committee
        29 3 PAN Malayan Holdings has formed an audit committee, comprising Mr Tan Eng Heng, Mr Kwa Chin Gar and Mr Goh Beng Hwa Gho Bin Hoa.
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      • Article
        UAC's pre-tax profit up 20pc
        98 3 UAC BHD has reported a 20.6 per cent increase in its unaudited group pre-tax profit to M$ 15.38 million (559.7 million) for the six months ended Dec 31, 1990 from $12.75 million for the previous corresponding period. It said group turnover rose by 4.6 per
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      • Article
        Ancom group profit tumbles
        53 3 ANCOM BHD has reported a 52 per cent drop in its group pre-tax profit to M 5998.000 (*****,740) for the six months to Nov 30, 1990, from $2.09 million in the previous corresponding period. Its group turnover fell 22 per cent to $12.24 million. No interim
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      • Article
        ASN returns more favourable
        106 3 INVESTMENT in Amanah Saham Nasional produced more favourable returns over the last 10 years than those made in other financial instruments normally used by bumiputras. according to a comparative study on various investment schemes. The study, conducted by Wyatt Company, a firm of actuaries and consultants,
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      Page 3 Advertisements Column 1
      38 3 The alternative. A i ANA HOTEL SINGAPORE t IJ. 1,.. I'. M •> t ...> 1.1,. V \l l-M l<v 'i 1.1 I I l\ .V T H GRA H T ROB NSONROAO I 1 1 11 H ROBINSON ROAD
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  • REGIONAL COMPANY NEWS
    • Article
      Stanley Ho's Grande turns around
      378 4 GRANDE Holdings, which came under the control ot casino magnate Stanley Ho in April last year, has staged an impressive turnaround to post net earnings of HK581.65 million (SslB million) for the year ended Dec 31, the South China Morning Post reported. The manufacturer of
      378 words
    • Article
      SHK putting final touches to HK$200m deal
      270 4 SHK HONGKONG Industries is close to finalising the acquisition of a strategic interest in an unlisted company at a cost which will probably exceed HK$2OO million, (Ss44 million) according to the South China Morning Post. Company chairman Tony Fung Wing-cheung said negotiations were
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    • Article
      Siam Steel plans S$240m expansion
      431 4 THE SIAM Steel Group, one of Thailand's largest steel manufacturers, plans to invest almost 3,500 million baht (Ss24o million) during the next few years, the Bangkok Post reported. The expansion plans include a stainless steel project worth about 3,000 million baht, a computer keyboard assembling
      431 words
    • Article
      Sino group proposes major restructuring
      409 4 THE SINO group is proposing a major restructuring operation involving the transfer of assets valued at HK5328.5 million (Ss73 million) between Sino Realty and its subsidiary Sino Land, the South China Morning Post reported. Under the proposal. Sino Land will acquire interests in four properties
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    • COMPANY BRIEFS
      • Article
        Surprise approval for six firms
        50 4 FORMER Thai Finance Minister Banharn Silapa-archa gave a surprise approval for six companies to become listed stocks shortly before the military overthrew the Chatichai governemnt on Saturday. According to the Stock Exchange of Thailand regulations, trading of the stocks can begin seven days after approval.
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      • Article
        Thai hotel project still on
        85 4 MR GORDON WU's Mega Holdings management company in Hongkong is going ahead with its hotel developments in Bangkok to complement the managing director of Hopewell Holdings' recently approved US$3.2 billion (555.5 billion) road and transport project in the Thai capital. Despite the weekend's military coup,
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      • Article
        MIM's lead smelter on track
        56 4 MIM Holdings Ltd said its Mount Isa lead smelter, shut down because of an accident earlier this month, should be in operation by the end of next week. "Work is in progress," a MIM spokesman said. "We are on track to have the smelter back
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      • Article
        KYZ's five hotel projects
        66 4 HONGKONG'S Koppen Yan Zimmerman (KYZ) International. a new joint-venture hotel management and development company formed by former top officials of Holiday Inn Asia Pacific, has taken oft strongly with five projects under its wing. KYZ is already at various stages of negotiations for the development and
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      167 4 How to get 10 countries on one line within 30 minutes. j A u 1 w. "%A wwwrr,> i tej Ssfl WfZ a| ra niHSiir J H iIF wi Kp^ft v />\»w > v '^HiaC^Nr w&&** 7 '***%■m.-.>:"' v ■~i Ti^l International Telephone Conference Service You don't have to leave
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon FNN agrees to sell media assets to GE cable unit
      400 5 AP THE Financial News Network Inc (FNN) said on Tuesday it had agreed to sell its business cable television network and other media assets to General Electric Co's cable division, which operates a competing business channel. The definitive agreement with
      AP  -  400 words
    • Article
      Lock icon Matsushita Elec profits up 12 per cent in third quarter
      293 5 AFP MATSUSHITA Electric registered a 12 per cent rise in net profits in the third quarter ending Dec 31 over the same period in 1989, the Japanese electronics giant announced in Tokyo on Tuesday. Profits for the quarter were 84.2
      AFP  -  293 words
    • Article
      Lock icon Unilever sets aside £195m for Europe 1992
      280 5 Reuter UNILEVER, the world's third largest food group, said on Tuesday it was setting aside £195 million (***** million) to help it gear up for the single European market at the end of 1992. The Anglo-Dutch company also reported 1990 pre-tax profits up
      Reuter  -  280 words
    • Article
      Lock icon Plans to slow down on takeovers in 1991
      197 5 Reuter ANGLO-DUTCH foods, detergents and personal products group Unilever expects its takeover activity to slow in 1991 compared with previous years, Unilever joint chairman Floris Maljers said. "Most of the gaps (in our network) have been filled during these past few years,"
      Reuter  -  197 words
    • Article
      Lock icon ICI pre-tax gain likely to fall below £1 billion
      292 5 Reuter PRE-TAX profit for 1990 at Imperial Chemical Industries pic will be below £1 billion (553.3 billion) for the first time in five years, and the outlook for this year could be even more bleak, analysts said. Britain's biggest chemical firm,
      Reuter  -  292 words
    • COMPANY BRIEFS
      • Article
        Hagemeyer to take over three N American firms
        135 5 TRADING group Hagemeyer, 60 per cent owned by Hongkong's First Pacific Co Ltd, expects soon to take over three companies in North America with combined sales of about US$lOO million (Ssl73 million), Hagemeyer chairman Andrew Land said. "We shall be able to
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      • Article
        Itoman unveils revamp plan
        97 5 ITOMAN Corp, an Osaka-based trading house that ran into trouble investing in property development, on Tuesday unveiled a new restructuring plan backed by Sumitomo Bank Ltd, its main banking partner. Itoman's parent company will transfer part of its real-estate related investments and loans to subsidiary firms,
        97 words
      • Article
        Bridgestone posts higher profit
        79 5 JAPANESE tyre maker Bridgestone Corp said on Tuesday it made 52.1 billion yen (556.7 million) last year, up 28 per cent from its 1989 net unconsolidated profit figures. Sales for the world's third-biggest tyre producer also rose 4 per cent to 724.3 billion yen, and pre-tax
        79 words
      • Article
        Philips' stake in Polish factory
        91 5 THE POLISH government issued a special permit for NV Philips Gloeilampenfabrieken to buy a 51 per cent stake in a light bulb Polam factory in the western town of Pila without a tender required by law, the government spokesman said. Andrzej Zarebski would not say
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      • Article
        Thomson incurs S$900m losses
        53 5 THE Thomson Consumer Electronics (TCE) group/Thomson's consumer electronics branch, on Tuesday announced losses totalling 2.7 billion francs (SS9OO million) for the 1990 financial year as TCE turnover dropped to 33.18 billion francs. The group reported losses of 156 million francs in 1989 with a turnover of
        53 words
      • Article
        ITT Sheraton buys stake
        67 5 INTERNATIONAL Telephone and Telegraph Co's ITT Sheraton Corp unit said it has purchased the majority ownership of the Sheraton Park Central Hotel and Towers in Dallas that had been owned by Equitable Life Assurance Society of the US, giving ITT Sheraton 100 per cent ownership of
        67 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Chase plans sale of assets to cut costs
        106 6 CHASE Manhattan Corp president Arthur Ryan said the bank is eonsidering the sale ot some "very small assets as part of its ongoing etTort to cut costs and improve profitability. "We have a few small franchises in the company that we would
        106 words
      • Article
        Beneficial buying Barclays unit
        82 6 A BENEFICIAL Finance subsidiary will buy Barclays Bank of Delaware, the credit card unit of Barclays American Corp. the companies said on Tuesday. Five-year-old Barclays Bank based in Wilmington, Delaware, a unit of the British banking concern, had total receivables of US$53O million (*****.3 million) on
        82 words
      • Article
        Manila sets limit to $ holdings
        105 6 Manila sets limit to holdings THE Philippine central bank has ordered commercial banks to limit their foreign exchange holdings to US$lOO,OOO (S$ 171,000) each in excess of all obligations starting March 8 to curb speculation on the peso-dollar exchange rate. The limit applies to the amount of dollars held by
        105 words
      • Article
        Shearson application approved
        110 6 TAIWAN'S Securities and Exchange Commission (SEC) has approved an application by Shearson Lehman Hutton Holdings to set up a branch to do brokerage business and foreign securities transactions. An SEC official said Shearson, a unit of American Express, was the first foreign firm given such a licence
        110 words
    • Article
      Thai junta acts to restore confidence in markets
      488 6 THE BANK of Thailand has received instructions from the National Peacekeeping Command (NPC), which staged a successful-coup on Saturday, to prepare a liquidity line of credit as a measure to deal with any panic in the financial market. The Nation reported. The
      488 words
    • Article, Illustration
      Astra Motor signs US$50m facility
      298 6  -  By Diana Oon PT NATIONAL Astra Motor, (NAM), a wholly-owned subsidiary of Indonesian manufacturing giant PT Astra International, yesterday signed a US$5O million (5585.5 million) revolving credit facility with 17 foreign banks. Citicorp Investment Bank (Singapore) acted as the adviser and agent for the loan
      298 words
    • Article
      Lock icon Wall Street securities firms perform badly
      274 6 NYT WALL STREET lost as much as US$5OO million (SsBss million) in 1990. the worst annual performance by the securities industry in history, according to a preliminary estimate by the industry's trade association. The estimate, made by the Securities Industry Association in a report
      NYT  -  274 words
    • Article
      Lock icon Indonesia squeezing rupiah out of market: dealers
      575 6 Reuter THE Indonesian central bank is squeezing huge sums of money out of the market and forcing up interest rates in what dealers say looks like an attempt to ensure rumours of a devaluation are not self-ful-filling. They said the market is confused
      Reuter  -  575 words
    • Article
      Lock icon World borrowings fall sharply after six-year growth: OECD
      375 6 AFP BORROWING on world financial markets fell back sharply in 1990 to US$425 billion from a record US$46O billion in 1989. the Organisation for Economic Cooperation and Development (OECD) said yesterday. The setback came after six years of uninterrupted expansion which more
      AFP  -  375 words
    • Article
      Lock icon NatWest profit hit by two loss areas
      238 6 Reuter BRITAIN'S second largest commercial bank. National 1 Westminster Bank pic, on Tuesday reported profits last year were sharply hit by losses at its US banking subsidiary and its British equities operation. The bank posted pre-tax profits of £504 million ($51,673 million) compared
      Reuter  -  238 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      66 6 This announcement appears as a matter of record only. O Finance One Limited U5525,000,000 Revolving Credit Facility Tranche A Lender The Sumitomo Trust and Banking Company, Limited Tranche B Standby Letter of Credit Banks Westpac Banking Corporation Societe Generale Banque Nationale de Paris, Singapore Branch Bank Brussels Lambert, Singapore Branch
      66 words
    • Advertisement
      Page 6 Advertisements Column 2
      119 6 BARGE FOR SALE Our client, a large multinational corporation, has ottered tor sale an accommodation and workover barge with the following specifications Length 272 ft Breadth 70 N CRT 3922 T Class ABS AL Accommodation 2/2 men in aircon quarters below deck Cranes 1 unit 150 ton crawler 1 unit
      119 words
  • Page 6 Miscellaneous
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  • THE REGION
    • Article, Illustration
      Lock icon No change in plans to turn Cambodia into market place
      460 7 Aftermath of the coup in Thailand AFP THAILAND'S deposed leader Chatichai Choonhavan's policy to turn war-torn Cambodia into a market for Thai goods would remain intact following his ousting in a military coup, Western diplomats in Bangkok predicted on Tuesday.
      AFP  -  460 words
    • Article
      New policy makes Thailand less attractive
      367 7 THAILAND is seen as a less attractive place for foreign investment when compared with neighbouring Asean countries because of a shift in government policy from tax to non-tax incentives, said an official for the country's Board of Investment (BOI). However, Mr Somphong Wanapa, economic
      367 words
    • Article
      Lock icon Congress will be asked to reinstate aid for Malaysia
      241 7 Bernama THE Bush administration will request Congress to reinstate US$l.l million (about Ssl.9 million) in military aid to Malaysia. A State Department spokesman in Washington said on Tuesday that the request for assistance for Malaysia and other Asian countries tor fiscal
      Bernama  -  241 words
    • NOTE BOOK
      • Article
        NZ Foreign Minister to visit Indonesia
        59 7 NEW ZEALAND Foreign Minister Don McKinnon will visit Indonesia from Mareh 5 to 9. The minister said in a statement in Wellington on Wednesday that the agenda for talks with Indonesian Foreign Minister Ali Alatas would be on regional issues including economic cooperation, security,
        59 words
      • Article
        Manila won't foot the bill
        70 7 THE PHILIPPINES' chief government lawyer on Tuesday branded as "absurd" the US Justice Department's move to bill Manila for more than half a million dollars for the unsuccessful prosecution of former first lady Imclda Marcos. Solicitor General Francisco Chavez said the order had "no basis
        70 words
      • Article
        High HK inflation to continue
        75 7 HONGKONG will continue to face demand-led inflationary pressure this year, due to an expected modest economic recovery and no significant rise in the labour supply, the Hang Seng Bank Ltd said in its February economic report. The report predicted that the annual rise in the
        75 words
      • Article
        Demand for more compensation
        53 7 MORE THAN 200 farmers from Central Java visited Parliament on Tuesday to demand higher compensation for land being taken for a World Bank-funded dam. After waiting outside for more than two hours, the farmers were allowed into the Parliament building to meet four legislators of the
        53 words
    • Article
      Lock icon Seoul investments in M'sia likely to rise
      194 7 MBT SOUTH KOREAN investments in Malaysia are expected to reach Msl.6 billion in the next two years under a special overseas investment programme launched by the Seoul government. The South Korean ambassador to Malaysia. Hong Soon Young, said in Penang yesterday that his
      MBT  -  194 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      60 7 Kditorial, Pg 10 A step in the wrong direction?, Pg II TO KEEP YOUR BUSINESS ON THE RIGHT TRACK 1 1 \.yJm {f AD BOOKINGS CLOSE: F MARCH '91 fin CALL 296 8080 NOW OR WALK IN TODAY! The Bus,ness Bullder |^J Integrated Information Pte Ltd 585 North Bridge Road
      60 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Gorbachev lashes back at Boris Yeltsin
        84 8 PRESIDENT Mikhail S Gorbachev on Tuesday lashed back at Boris Yeltsin and other radicals who are demanding his resignation, saying they were trying to oust him through street demonstrations, "and they might succeed. Mr Gorbachev warned such moves could lead to civil war. The
        84 words
      • Article
        Taiwan to invest more overseas
        85 8 A "BIG RISE" is in store for Taiwan investments in Hongkong and China this year, a semi-official Beijing news agency in Hongkong said on Tuesday. The Hong Kong C hina News Service quoted a spokesman for the local Taiwan Business Association as making the prediction.
        85 words
      • Article
        Communists offer to shed assets
        97 8 EASTERN Germany's reformed communists, successors to the hardliners toppled in the 1989 revolution, offered on Tuesday to give 80 per cent ot their wealth away in the hope of being allowed to keep the rest. The Party ot Democratic Socialism (PDS), easily the richest political
        97 words
      • Article
        Overhaul of hi-tech exports
        82 8 UNCERTAINTIES OVER political developments in the Soviet Union and the Gulf crisis have delayed an agreed major overhaul by western countries and Japan ot curbs on exports of strategic goods and advanced technology, experts said on Tuesday. Problems had cropped up between the United States, Japan
        82 words
      • Article
        Japan's Jan vehicle exports up
        53 8 JAPAN'S exports of motor vehicles rose 2.4 per cent in January from a year earlier to 511,624 and were also up 1.3 per cent from December, the Japan Automobile Manufacturers Association said on Wednesday. The association said the January exports comprised 415,320 cars, 93,445 trucks
        53 words
      • Article
        Khaleda alleges false voting
        66 8 BEGUM Khaleda Zia, chairman of the Bangladesh Nationalist Party (BNP), said on Wednesday that she was "very happy" to cast her vote after nine years with the end of dictatorial rule in Bangladesh. She alleged that she had received complaints from her workers at the centre
        66 words
    • Article
      Lock icon American official assures E Europe of continued aid
      146 8 Reuter THE NUMBER TWO man at the American Treasury Department has sought to allay Eastern Europe's concern that its economic development will be forgotten in the rush to rebuild the Middle East after the Gulf War. "It's a strategic priority of (US
      Reuter  -  146 words
    • Article, Illustration
      Lock icon Debt crisis looms over Moscow
      612 8 Threat poses problems for Western governments IHT TWO YEARS of steady deterioration in the financial position of the Soviet Union is likely to erupt into a debt crisis some time this year, the Organisation for Economic Cooperation and Development warned yesterday. The crisis will crcate
      IHT  -  612 words
    • Article, Illustration
      Lock icon EC to seek opening of Japan's banking market
      410 8 Reuter THE European Community's top competition official, dangling access to the EC's financial markets as a lure, sets out on a mission this week to persuade Japan to open its own lucrative markets. EC officials say Competition Commissioner Sir Leon Brittan will
      Reuter  -  410 words
    • Article
      Lock icon EC member states facing possible farm price cuts
      368 8 AFP THE European Community (EC) is facing a budget crisis that could lead soon to the biggest cuts in subsidised farm prices and hence overproduction since 1986. Informed sources in Brussels said on Tuesday that the European Commission was about to propose
      AFP  -  368 words
    • Article
      Lock icon Germany sets strict rules for economic unity
      349 8 AFP GERMANY has spelt out strict conditions for economic unity with its European Community (EC) partners, insisting on price stability, monetary discipline and harmonisation of the various EC economies. German Secretary of State for Finance Horst Koehler on Tuesday presented a document outlining
      AFP  -  349 words
    • Article
      Lock icon Speculators in Taiwanese property to lose billions
      420 8 Reuter TAIWANESE property speculators. who made billions ol dollars in the island's red-hot real estate market, now face the prospect of losing billions as an economic slowdown slashes prices. In the late 1980s, real estate values tripled or quadrupled as the economy boomed.
      Reuter  -  420 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      324 8 BROWNING GOLF BROOKS j UP jSR (4x9) $690 750 539 ft/'', JJM Graphite $1600 Al| W^kmr UfryMJJ Elan Plus Low $69 $850 $W3O Chariot HFX $79 $*9 Beginners Qualifier Rage Junior $29 $69 3x9 $590 saw Tie-Breaker $59 $M 9 Nouveau 7m 4x9 $650 $060 Tennis Ace $49 SB9 If
      324 words
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      Page 8 Advertisements Column 2
      103 8 The Bio Decisions Lunch Our new Business Lunch is a big test for every decision-maker. Became the multi-course menu offers you a challenging choice of 28 gourmet dishes. These include: Venison Terrine with Blackcurrant Coulis Steamed Mussels with Shallot Butter and Herbs Salmon and Lobster Roulade in Mussel Cream Sauce
      103 words
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  • THE GULF WAR
    • Article, Illustration
      Lock icon US-Japan clash on aid likely
      588 9 Disagreement over channelling of post-war assistance Reuter ONCE the Gulf conflict is over, Japan and the US may clash over how to channel the vast sums of aid needed to repair war damage, Japanese government officials said yesterday. Tokyo is willing to extend a substantial
      Reuter  -  588 words
    • Article, Illustration
      Lock icon Saddam's survival is now the main issue at stake
      434 9 Reuter WITH THE six-month-old Gulf crisis into its final phase, Saddam Hussein's own survival is the main issue at stake, Middle East analysts say. After a string of miscalculations about the strength of allied resolve to drive him out Kuwait, Saddam's
      Reuter  -  434 words
    • Article
      Lock icon Kuwait needs huge loans to pay for reconstruction
      435 9 FT THE KUWAITI government. faced with the giant task of reconstruction, is expected to he a significant borrower in the international financial markets in coming years, despite its huge stock of assets, conservatively estimated before the invasion at US$lOO billion (Ssl73 billion).
      FT  -  435 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      262 9 MAKE A MOLEHILL OUT OF A MOUNTAIN! STORE IT ALL IN 13cm 2 WITH THE CANOFILE. Large-volume filing can at the rate of 40 pages per minute. Including those piles of files around you. take a lot out of you. A irregular shapes like memos and cheques. For a free
      262 words
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  • Article
    Political boxing, Thai style
    492 10 EDITORIAL THE COUP in Thailand last week is a disturbing reminder that Thais cannot take their country's political development for granted. When Mr Chatichai Choonhavan became Prime Minister in 1988, he had the distinction of being the first government leader since 1976 to be an elected
    492 words
  • WHAT THE OTHERS SAY
    • Article
      End the circus politics
      225 10 AS Indian Frimc Minister Chandra Sekhar's minority government struggles to retain power in the face of growing challenges, indications in Delhi point to a snap poll. Managing the world's largest democracy cannot be easy. But few thinking Indians, including those in the military, will suggest army
      225 words
    • Article
      Helping the poor
      138 10 THE plight of the poor has never been neglected in rapidly progressing Singapore. In fact they arc getting more attention by the government under Mr (Joh Chok Tong. The move to increase the Public Assistance rate can be seen as onothcr step by the government to help
      138 words
    • Article
      Drug centres good
      145 10 THE government should look at the idea of electronic surveillance of drug otYenders from two perspectives. One, whether it is of benefit to society and two, whether it is helpful to the rehabilitation of the drug addict. Whether a drug addict can be at home with his
      145 words
  • REGIONAL VIEWPOINTS
    • Article
      Ill-gotten gains
      181 10 THE National Peacekeeping Command (has) set up an omnipotent committee to crack down on politicians who have allegedly amassed ill-gotten wealth while in power in the past. The committee, headed by former interior minister General Sitthi hirarojana. is empowered to freeze all the assets of those suspected of
      181 words
    • Article
      When governors meet
      154 10 THE annual governors' conference, one of so many official gatherings that regularly take place in this country, is an event that deserves better media coverage than has been usual so far. The fact that the meetings are held behind closed doors in order that Cabinet ministers and
      154 words
    • Article
      Competition is good
      176 10 SATELLITE television's impending launch in Hongkong is already making its impact, which can only be good for viewers. The arrival of a major competitor for audience attention is stirring reaction from the established stations, which have not always treated their customers with consideration. Poor quality programming and
      176 words
  • Article, Illustration
    Lock icon Stage set for battle over trade agreements
    1003 10  -  One of the fiercest scraps ever seen in years between protectionists and free traders is shaping up in Washington. Clyde Farnsworth reports Clyde Farnsworth NYT THE agreement in Geneva last week that cleared the way for a resumption of global trade talks sets
    NYT  -  1,003 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      130 10 HI PUTTING YOU A STEP AHEAD Budget Seminar And Tax Update Our teams will be working throughout 4- MARCH 1991 TAURUS ROOM the weekend to distil the budget, analyse MARINA MANDARIN SPM 7PM its content and calculate its effects on you and your businesses. We will be presenting our findings
      130 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      40 10 Doonesbury by garry trudeau \MP£6OINGIQTPVTOCATCH Of. HOU) lUP torn aCM UNIT, anp I ASK TUSK mFIUPCOV- I ABOUT The H B HtFe APS m GROUND MANP' NOP APTIUEPY &AT (JTPJNS* I NO QUe&nONS ABOUT ACTIONS, WW*' NOP THE- AH?STA- rr^BtW
      40 words
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  • ANALYSIS
    • Article
      Public spending to fuel growth of economy?
      647 11  -  With the Singapore economy projected to slow down tnis year, the government has started to ease its cut on capital expenditure and Chuang Peck Ming reports that Finance Minister Dr Richard Hu is likely to announce more money allocations for public sector projects
      647 words
    • Article, Illustration
      When creativity dims
      1479 11  -  Can a united Germany exert a strong enough force to pull the European economy forward? Edward de Bono thinks not. In fact, he argues that in five years' time, the German economy will be in a state of decline Edward de Bono The writer is the originator
      1,479 words
    • Article
      Ammunition for pump-priming?
      295 11 ROAD tunnels that add up to 51.5 billion in cost. The PWD has invited consultancy firms to submit proposals for the underground road network. The firms are due to begin their study in March or April. The study will take 21 months to complete, the whole project
      295 words
    • Article
      A step in the wrong direction?
      423 11 The coup in Bangkok is a disaster for Thailand, says The New York Times, in its editorial on Tuesday. The paper also says that the military men who instigated it are themselves not above corruption SATURDAY'S military coup in Bangkok is a calamity for
      423 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      164 11 Dial a Despatch immfKffk just 7 digits away I City Despatch Service provides instant response to your call. Call us at Our teams of dispatch riders and vans can be immediately targeted to handle any package, large or small, for urgent delivery to any destination in the city or industrial
      164 words
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  • SPORTS
    • SIDE LINES
      • Article
        West Indies collapse allows Aussies to win
        127 12 A STARTLING COLLAPSE by the West Indies allowed Australia to win the first one-day cricket international by 35 runs in Kingston, Jamaica, on Tuesday. The West Indies, replying to an Australian total ot 244 for lour in 50 overs, had reached 190 for
        127 words
      • Article
        French yachtsman extends lead
        57 12 FRENCHMAN Alain Gautier has extended his lead in the BOC round-the-world solo race and is within 275 nautical miles of Cape Horn, race officials in Sydney said yesterday. Gautier, 28, the youngest of the 18 competitors still in the race, was thought to be about 368
        57 words
      • Article
        Pele to open museum
        69 12 PELE, the "King of soccer" whose goal-kicking finesse dazzled a generation of sports lovers around the world, plans to open a museum to chronicle his career. The 50-year-old retired athlcte-turned-businessman said in Rio de Janeiro on Tuesday that the museum would open by next autumn in
        69 words
      • Article
        Johnson avenges defeat
        79 12 CANADIAN SPRINTER Ben Johnson avenged a three-day-old defeat by Cuba's Joel Isassi on Tuesday, rocketing to victory in 6.61 seconds before a packed house in Budapest. Some 8,000 fans went to see Johnson in action and the Canadian, banned from competing for two years after he was
        79 words
      • Article
        Leconte loses in first round
        109 12 HENRI LECONTE's bid to overcome injury lay-off and recapture the form which made his the world's fifth-ranked player four seasons ago, came unstuck in the first round ol the US$5OO,OOO (*****,000) ATP men's tennis tournament in Rotterdam on Tuesday when he was beaten in the
        109 words
      • Article
        Edberg regains top ranking
        74 12 THIS WEEK'S official IBM/ATP Tour world rankings shows Stefan Edberg regaining the top spot by reaching the semifinals in Brussels. However, the Swede is just 17 points ahead of predecessor Boris Becker and both are playing in Stuttgart this week, with Becker defending winner's points. The
        74 words
    • Article, Illustration
      Lock icon Connors stumbles on comeback trail
      421 12 AP JIMMY CONNORS, coming back after a nearly six-month lay-otT to the sport he once dominated, could not scrape the rust off his game fast enough to avoid a 3-6, 0-6 pounding on Tuesday by Peru's Jaime Yzaga in the first round of the VolvoChicago
      AP  -  421 words
    • Article
      Lock icon Sheehan, Daniel resume duel in Kemper Open
      335 12 AP PATTY SHEEHAN and Belh Daniel will carry their duel from the Hawaiian Ladies Open into the Women's Kemper Open, hut they have a lot more than each other to worry about. Three-time Kemper Open winner Betsy King will be back, as will
      AP  -  335 words
    • Article, Illustration
      Lock icon Ballesteros hoping to break losing streak
      399 12 AP THE EXPECTATIONS are a little more modest for Seve Ballesteros. "A top-five finish would be good," the Spanish star said yesterday after a skins game outing in Miami that served as a warm-up for the Doral-Rydcr Open. The tournament, which begins today on
      AP  -  399 words
    • Article, Illustration
      Lock icon Hurt Girardelli happy with third place
      371 12 AP THE PAIN was terrible but Marc Ciirardelli was happy. Third-placc in any sports competition is nothing but, well, third. Hut it felt like a victory for Ciirardelli. "Absolutely," grinned Ciirardelli when asked it he was pleased with his slalom finish on Tuesday, the
      AP  -  371 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      69 12 KLM now flies you to Amsterdam and the rest of Europe everyday, 7 days a week. With smooth connections from Schiphol, Europe's best transfer airport, to any destination on the continent. Leaving Singapore daily. Test us, try us, fly us, any day. For Reservations, contact KLM Ticketing Office, -pi nj-
      69 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Competition is sizzling for the fast-food market in Woodlands
      411 13  -  By Suzanne Soh COMPETITION for a slice of the fast-tood cake in the Woodlands area is si//ling as customers can now choose from a menu of fried chicken, hamburgers, hotdogs and pizzas from outlets located cheek by jowl. A&W Singapore is
      411 words
    • Article
      Lock icon US toy makers capitalise on the Gulf War
      490 13 NYT THE NOISE of war was deafening, and a lone soldier dressed in beige desert camouflage stood ready for battle. But this soldier, a six-foot-tall mannequin, held in his hand not a lethal weapon but a new board game, A Line in
      NYT  -  490 words
    • Article
      Police detail $270,000 recruitment campaign
      262 13  -  By Jean Wee THE SINGAPORE Polite Force will be spending $270,000 in an advertising campaign, beginning next month, to recruit junior officers. It has hired advertising agency CAM Associates to produce a media package promoting a career in law enforcement. CAM Associates' bid was the
      262 words
    • Article, Illustration
      Today's the last day to answer the challenge
      268 13  -  By Sangeeta Mulchand Agencies have until today to answer the challenge posed in five ads sent out to tease, dare and entice entries for the local industry's Oscar Night. Interestingly The Ball Partnership's Neil French has been selected as a creative standard
      268 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      50 13 ■■k Jte HkdU f? «i^K v '«^K«Bi^^^M^-JfrSK.<»»«WWwii^SaPßagaaf^fc|ffft<P l rf># iKfe; > Sliliiiiiiil« <; I?* e ISBHPIr H .:|^sL i 'lpHHp T| VI pV ■sM&/ f y'- 7 v 19 B*r s <^f I (Be careful with the Creative Director) Rob Speechley has left Ball to join J.Walter Thompson as Associate
      50 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      224 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE A 'HEAVENLY' FEAST SUMPTUOUS SICHUAN CUISINE. DELICATE YANGZHOU DIANXIN. RICH PIPING HOT STEAMBOAT. LUNCH: 11.30 AM TO 2.30 PM DINNER; 6.30 PM TO 10.30 PM 5 A MKMBKR OK Cl)l. lIOTKI.S HOFFI sIV.\PCM I
      224 words
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      Page 14 Advertisements Column 2
      332 14 FEAST YOUR EYES 111 111 l ***** l ON THE PLUM'S JEWELS 111 111 111 l ***** l OF THAILAND From Ist March 17th March five of the finest exponents of Thai Cuisine will masterfully prepare a plethora of appetising dishes. The buffet will be available for both lunch (12
      332 words
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      Page 14 Advertisements Column 3
      305 14 THEME KARAOKE HITS TOWN! At Smgsation. Come experience the latest karaoke trend singing in different theme rooms. From Outer Space to a log Cabin, or even an Airplane Imagine being in someplace different every night. In fact, it's sensational! Plaza Hotel I located at basement of multi storey VMMCMMINMMIMriM carpark
      305 words
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      Page 14 Advertisements Column 4
      351 14 ijour way through Europe 1/1 With over 60 world seeing you again! renowned dishes from European Buffet Lunch 12 nations, you're going February 1— 28 J to need more than one Noon 2.30 pm visit to savour all of Adult: $36+ Europe's finest We'll be Child below 10: $18++ We
      351 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      794 14 TELEVISION AND RADIO *m mm mmt "rirrniwwiinmiw rmw T r &«*>;, >,■ <*&* "***««MMJMPM.I*II*... jj tm*■ ~n ~ma a r? w isa?a»! ...dllU MdUalltK lOr dll 7.3. AM CHH International (II £g W,,,, JS 5T5 7.30 PM Murphy Brown The Am. Treasure Island (Cartoon). c iH_ A" m n *m
      794 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Stanley circles the wolves
      998 15  -  Vincent Canby asks one of the last of a dwindling breed of creative Hollywood producers for his opinion of the Oscar nominations, and non-nominations Vincent Canby NYT IKNOW, I know," said Stanley, even before I could sit down. "You're wondering why 1 look so pale." Stanley,
      NYT  -  998 words
    • Article, Illustration
      Tribute to Andrew Lloyd Webber in Los Angeles
      594 15 CHATTERBOX A TRIBUTE to Andrew Uoyd Webber for writing all those hit musicals was organised by the Los Angeles Music Centre on Monday night. Madonna, who is to star in the film version of Evita, gave him a statue, and lots of
      594 words
    • Article, Illustration
      Lock icon War drums don't exactly make sweet music
      952 15  -  Allan Kozinn finds American orchestras worried about the Gulf conflict cutting their tours abroad Allan Kozinn NYT FEARS of terrorism and concerns about the logistical difficulties of international travel since the start of the Persian Gulf war have forced several American orchestras to
      NYT  -  952 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      304 15 AND ENTERTAIN The Happiest Hours In Town. i n> H Ks [r-=M vin < t NlN lll=j£~ 'Ill\Mlt I 1 AM Happy Hours at The Fountain Lounge means enjoying a complimentary drink with every one you order. Plus, 25% off bottle purchases. There's great live music too. Jk ANA HOTEL
      304 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Stocks continue to climb after initial profit-taking
      3727 16  -  By Lilian Ang THE Singapore stock market yesterday continued on its upward trek, with share prices firming after an initial bout of profit-taking prompted by falls in overseas markets. The Straits Times Industrials Index edged up 10.57 points to close at 1,443.35. It
      3,727 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3498 17 Main Board Jurong Eng 50* 334 +-34 +11.3% Robinson 386 28 +7.8% Keppel Corpn 715 +25 +3.6% GE Life 1450 20 +1.4% SIA 200 1210 20 1.7% ANA Hotels 250 17 7.3% UOB 695 +15 +2.2% OCBC Wt 242 +15 +6.6% Sea View 424 +14
    3,498 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      259 18 Company Date Yaar Groap Nat Mat aaralap CraM ann to praflt/lass (L) par share dividend (•000) (eaats) Hleong Credit Jan 16 Jun 90 M$24.462($18,074) 218(16 4) 10(10) C4C Jan 14 Sep 90 153.947(134.649 30 8(23 5a) 15(8 5a) FIN Jan 14 Sep 90 $53.080($62.868) 30 1(365) 17 9(17
      259 words
    • Article
      PRELIMINARY RESULTS
      233 18 Company Data Yaar Group pre-tax Nat earnings Gross ann to profit/loss (L) par share dividend ('000) (cants) FELS Feb 27 Dec 90 $36,729(126,930) 23.3(17.3) 12(12) CASH Feb 25 Aug 90 M$766L($357l) MBf Finance Feb 21 Oec 90 M$64.519($42.839e) 12 l(9 6a) 10(8 2a) Singmarine Feb 21 Oec 90
      233 words
    • Article
      INTERIM RESULTS
      280 18 Company Date Half-year Creep pre-tax ann to preftt/lo«* <L) dividend COOO) First Capital Feb 25 Dec 90 SI 70L (SI 1,006) Kemayan Feb 25 Nov 90 M$l,633($849) Robinson Feb 25 Dec 90 $11,586(17,186) 5(4) Lmgui Feb 20 Dec 90 M$3.388($2,671L) CoW Storage Feb 18 Dec 90 119,171(119,349) 8
      280 words
    • Article
      CORPORATE DEVELOPMENTS
      818 18 Feb 26 Dunlop Estates Bhd has obtained the Malaysian Capital Issues Committee s approval to acquire 32.9% of Magnum Corporation Bhd for MJ3IO 197 m Sembawang has tied up with French multi purpose Petitiean in a $30m manufacturing venture in Jurong F* 25 The Stock Exchange ol Singapore
      818 words
    • Article
      DIVIDENDS ANNOUNCED
      330 18 CwTwt Ei Ms Mm Trfal fcr Tttalfcr MymMt date cWm payaMs tka year last yaar Amw Find USJO 10(b) Mar 18 Mar 28 Apr 8 USJO 10 Mm 5%TE Feb 25 Mar 1 May 15 125%TE 25%T£ an 50%(l) Feb 20 Mar 4 Mar 6 50% 150% Berjaya
      330 words
    • Article
      RESULTS DUE
      745 18 Singapore Stocks Last FuN Year Cfy Period Oat* Yea Wet EPS Grosj Met aramced endh( (cents) 61 profit last yea (S OOO) CM Padufj* Interim Nov 13 Dec 90 29 7 13 2 11.616(e) MT Interim Ian 10 Jun 91 254 2 1500 773 Hp* Final Feb 16
      745 words
    • Article
      APPROVED ISSUES
      170 18 Company Rights Issue H Imr| CrcdR Two-tof five (a MJ2 80 pet share Ei date Feb 21 Books close Mar 7 Acceptance i Payment NYA Pet**i Bhd Two for five fe MSI 60 pet share Ex-date Mar 4 Books close Mar 18 Acceptance Payment NYA Company Bonus Issue
      170 words
    • Article
      PROPOSED ISSUES
      273 18 Company Rights Issiw Ncam One for two MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares of M$0 10 each at MSI per share with 10m detachable TSR Baton One tor tour MS? 00 per share f»CB Capital Reduction Scheme to reduce par value of shares
      273 words
    • Article
      BONDS, LOANS & WARRANTS
      772 18 BONDS, LOANS WARRANTS Company Conversion period Conversion term far one ordinary slur* CM Nt Before 26/4/93 1 warrant plus $3 09 cash Causeway Loan Causeway Nt 2/10/89 to 20/10/94 1 warrant plus SO 77 cash or 1 warrant plus 50 77 nominal amount ot loan stock Ouan tty Notes Quan
      772 words
    • Article
      COMPANY MEETINGS
      75 18 Duiop 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. IHted Overseas Land Ltd: EGM at the Board Room, 30th Storey. UOB Building. 1 Bonham Street Raffles Place. Singapore 0104 on Wednesday, Mar
      75 words
    • Article
      RECORD HIGHS & LOWS
      190 18 RECORD HIGHS LOWS BT Composite Index ST Industrials tadex 1991 h* 1227.19 (27/2/91) JJ JJ 3 J (I6/1/9D 1991km: *****2 (16/1/91) "J jj. (27/3/90) 1990 N* 1435.43 (16/7/90) "j" [{.{jjj 1990 S- 981 07 (09/11/90) jj. J*j{ (26/12/89 12!? SS (2 8/wS »2 1030 69 (4/1/89* q££1 IM 86 8
      190 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      116 18 NEWS TRAVELS fc "1* JMF ALL ADVERTISING MESSAGES are effective. To varying degrees. In Singapore, when you want to reach out to a select target audience in the transport industry, only one daily offers you the advantage of maximum reach at minimum costs. And that's Shipping Times. Everyday Shipping Times
      116 words
    • Advertisement
      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 Slight Tokyo rebound helps KLSE to recover
      4049 19 Buying sentiment continues to be steady in market Bernama SHARE PRICES in Kuala Lumpur closcd easier yesterday on weaker overseas leads although local buying sentiment remained steady, dealers said. The KLSE Composite Index fell 2.34 points to 561.13 while the Industrial Index ended
      Bernama  -  4,049 words
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      171 19 This announcement appears as a matter of record only The Siam Commercial Bank, Ltd. New York Agency US$lOO,OOO,OOO Transferable Loan Certificate Facility Lead Managers LFC Middle East Limited a wholly-owned subsidiary of London Forfaiting Company PLC I DG BANK Deutsche Genossenschaftsbank, Singapore Branch Banque Nationale de Paris, Singapore Branch Managers
      171 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market eases as investors discount end of Gulf war
      2274 20 Reuter TOKYO SKK'KS closed easier yesterday after talis on Wall Street. Brokers said trading was slow because the approach of the end of the Ciulf war erased immediate buying incentives, leaving investors to take profits on gains scored earlier this month
      Reuter  -  2,274 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Shares finish lower on technical correction
      2306 20 Reuter HONGKONG share prices yesterday ended lower on a technical correction, and small investors took profits following Wall Street's fall overnight and Tokyo's drop yesterday, brokers said. "Blue chips were down one to two spreads in the first half hour, but bargain hunting emerged
      Reuter  -  2,306 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Lacklustre results dampen Aussie stocks
      • Article
        SYDNEY
        312 21 SOBERING company profit announcements and a slump on Wall Street overnight depressed Australian stock prices and the market closed sharply lower yesterday. Wall Street's Dow Jones index slid 23 points to 2,864 on Tuesday and brokers said it could fall another 20 points last night. "It was time for
        312 words
      • Article
        INDICES & TURNOVER
        85 21 INDICES TURNOVER Close PwkHM Feb 27 SYDNEY All Ordinaries Index 1,390.6 1,413.2 -22.6 All Industrials Index 2,194.9 2,233.1 -38.2 All Resources Index 780.4 791.4 11.0 Turnover (million) 66.96 81.33 -14.37 BANGKOK SET Index 769.13 776.14 -7.01 T umovcr (million baht) 3,900 5,190 -1,290 JAKARTA Composite Index NA NA MANILA Composite
        85 words
      • Article
        Untitled
        828 21 Sa Australia sc s© A Cents VolCOO) Sil AC Minerals 66 -4 164 ACM Gold 37 1 4346 So ANZ Bank 351 -6 8763 Sq Aberfoyle 320 10 166 AdelStm 50 -2 ***** Tf Advance Bank 548 12 2901 Alcan 138 j Amcor 450 7 6435 Ampol Ex 254 7
        828 words
      • Article
        BANGKOK
        746 21 THAI stocks closed lower in moderate trade yesterday after setbacks in New York and Tokyo and as investors took profit from sharp gains on Tuesday, brokers said. The SET Index fell 7.01 points to end at 769.13 on about 3.9 billion baht turnover. Bangkok Bank fell six baht to
        746 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        341 21 In local currency In S$ la LS$ day year day year day year FEB 26 Index change change change change change change World 399.0 -0.7 11.4 -1.2 10.7 •I.I 11.5 JEAFE 526.0 -0.8 11.9 -1.4 11.5 -1.3 12.4 Europe 405.7 -1.2 11.3 -1.8 9.2 -1.8
        341 words
      • Article
        TAIPEI
        360 21 TAIWAN share prices closed slightly higher yesterday after fluctuating in a narrow range. Heavy profit-taking was offset by speculative bargain-hunting at the day's lows, dealers said. The Weighted Index gained 30.36 points or 0.6 per cent to end at 4,869.82, while turnover dropped to NT545.71 billion from Tuesday's heavy
        360 words
      • Article
        JAKARTA
        604 21 JAKARTA shares fell across the board yesterday after the government forced state firms to buy central bank paper in a move to curb inflation and dampen foreign exchange speculation. The official index was unavailable. The Jardine Fleming index fell 2.08 points to 93.99. One dealer said it was hard
        604 words
      • Article
        MANILA
        498 21 PHILIPPINE shares finished mixed to lower yesterday as the market sought a new direction after what analysts saw as an end to a rally on the back of the Gulf War. The Manila Stock Exchange Composite Index closed at 966.69 points, down 9.64 from Tuesday. The index hit a
        498 words
      • Article
        SEOUL
        866 21 SEOUL stocks fell in moderate trade yesterday as individuals took a cautious attitude and joined in continued profit- taking from recent sharp gains, brokers said. The Composite Stock Index closed at 671.71, down 5.56 points. Turnover was a moderate 233 billion won against 292.8 billion on Tuesday. Brokers said
        866 words
      • Article
        NEW ZEALAND
        74 21 MOST leading New Zealand shares recovered some of their morning price falls, but the overall market closed softer yesterday in line with major overseas bourses. Brokers see the market easing further this week, especially with Wall Street investors still looking to take profits from current historically high levels.
        74 words
      • Article
        BOMBAY
        81 21 BOMBAY share prices finished selectively higher yesterday after profit-tak-ing turned a rally in a few pivotals but brokers said the market undercurrent was bullish. The Bombay Stock Exchange index rose 16.35 points to 1,221.55. The national index gained 6.63 to 606.10. Brokers said they received large buy orders from
        81 words
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  • WORLD STOCK MARKETS
    • IBM weakness sends Dow lower
      • Article, Illustration
        NEW YORK
        1038 22 NEW YORK STOCKS gave ground on Tuesday for the fifth straight session, with weakness in IBM contributing heavily to the decline. The Dow Jones Industrial Average slumped 23.27, to 2,864.60, while the Standard Poor's 500 Index fell the equivalent of almost 35 Dow points. Trading sank to a
        1,038 words
      • Article, Illustration
        LONDON
        714 22 SHARE PRICES on the London equity market remained steady on Tuesday af- tcr US President George Bush dismissed Iraqi President Saddam Hussein's withdrawal speech. Confused reports earlier from Kuwait had dampened investment enthusiasm, dealers said. The Financial Times Stock Exchange 100-share Index ended at 2,322.2 points, down 13.3 points.
        714 words
      • Article
        PARIS
        172 22 PARIS blue chips took a tumble on profit-taking and negative French jobs and trade data on Tuesday, reversing the past week's steep climb in the CAC--40 Index, traders said. The index, which soared to a sixmonth high on Monday, fell 32.86 points or 1.88 per cent to 1,712.31. Volume
        172 words
      • Article
        FRANKFURT
        242 22 UNCERTAINTY about exactly what was happening in the Gulf War and a sizeable package of German tax increases to help fund the Gulf offensive and German unity pressured German share prices on Tuesday. "Is the (Gulf) war really over or not?" one trader said. "There seem to be no
        242 words
      • Article
        STOCKHOLM
        132 22 THE STOCKHOLM BOURSE General Index rose 0.83 per cent to a new year-high of 1,050.69 in vigorous trade on Tuesday, mainly in reaction to Mon- day's bid for Saab-Scania and news that Iraq was withdrawing from Kuwait, dealers said. Blue chips rose 1.32 per cent. Turnover reached 623 million
        132 words
      • Article
        MILAN
        177 22 ITALIAN share prices beat an orderly retreat virtually across the board on Tuesday as operators took advantage of news that Iraq was withdrawing its forces from Kuwait to realise profits from the recent gains. Brokers said defeat for Saddam Hussein in the Gulf War had already been discounted and
        177 words
      • Article
        BRUSSELS
        181 22 BELGIAN SHARES trimmed their opening gains to close lower on Tuesday on uncertainty about the direction of the Gulf War and a weaker performance on other European markets. "We started well and then weakened throughout the session," one trader said. Dealers said market operators and institutional investors took profits
        181 words
      • Article
        JOHANNESBURG
        368 22 THE JOHANNESBURG stock market generally drifted aimlessly on Tuesday in thin and uncertain trading after Monday's modest gains. Dealers said the market was largely unmoved by the day's events in the Gulf War, with the exception of a slight rally in gold shares on moderately higher world bullion prices.
        368 words
      • Article
        TORONTO
        237 22 INVESTORS brushed aside prospects of a quick end to the Gulf War and took profits, sending Toronto stocks sharply lower across the board on Tuesday, dealers said. "The TSE's just following the New York market," said Bob Boaz, chief economist with Deacon Barclays de Zoete Wedd Ltd. "It just
        237 words
      • Article
        AMSTERDAM
        287 22 DUTCH SHARES closed lower on Tuesday, hurt by profit-taking and with investors assessing the economic outlook after the Gulf War is over, dealers said. "We've entered a consolidation phase where investors are trying to find out what the economy will look like after the war," said Mario Hooghiemstra at
        287 words
      • Article
        ZURICH
        334 22 SWISS SHARES closed lower on profittaking in a quiet session on Tuesday as the market took the view that share prices had reached their highs for the time being and consolidation would follow, traders said. Neither US President George Bush's speech to the press nor Iraqi President Saddam Hussein's
        334 words
      • Article
        INDICES & TURNOVER
        82 22 INDICES TURNOVER NEW YORK Close Pinions Feb 26 Dow Jones NYSE Financial SAP 500 Turnover (million) 2,864.60 2,887.87 140 09 141.95 362.81 367.26 164.2 193.8 -23.27 -1.86 -4.45 -29.6 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,855.0 2,322.2 500.5 1,866.5 2,335.5 534.5 -11.5 -13.3 -34.0 AMSTERDAM CBS Tendency Index
        82 words
  • Page 22 Advertisements
Page thumbnail Page 23
  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Firm US dollar, higher German taxes pressuring D-mark
      1248 23 FOREX MARKET REPORTS THE deutschemark yesterday started mostly weaker in quiet Frankfurt trade, pressured by the firm US dollar, increased tension between the US and the Soviet Union and this week's package of German tax rises. "Higher taxes and the negative reaction
      1,248 words
    • Article
      INTERBANK FOREX RATES
      395 23 Crass rates Fcb27 US$ SS MS Dm Yen SFr A$ NZS USS 1.7280 2.7130 1.5230 132.80 0.5206 I 3080 1.2763 1.6681 SS 0.5787 1.5700 0.8814 0 7685 0.3013 0.7569 0.7386 0 9653 MS 0 3686 63.69 0.5614 0.4895 0.1919 0.4821 0.4704 0 6148 Dm 0.6566 1.1346 1.7814
      395 words
    • Article
      MONEY MARKET
      569 23 Interbank rates St Bid Offer Overnight 4 5/8 4 3/4 1-month 4 5/8 4 3/4 2-month 4 11/16 4 13/16 3-month 4 11/16 4 13/16 Overnight mode: 5-3/16 US$ Rid Offer 7 days 6 9/16 611/16 1 month 7 7 1/8 2 months 6 13/16 615/16 3 months
      569 words
    • Article
      Lock icon Tokyo markets seek direction after Gulf war
      637 23 Reuter WITH THE CONFLICT that has obsessed foreign exchange markets for more than six months finally showing signs of ending, dealers in Tokyo arc grappling with the factors that will drive currcncics in a post-Gulf War world. "We've already discounted a quick and
      Reuter  -  637 words
    • Article
      FINANCIAL FUTURES
      1269 23 SIMEX EURODOLLAR 1 Open High Low Sett Est Vol Op/lnt Vol Mar 91 93.12 93.13 93.09 9; 1.09 2164 ***** 6189 j Jun 91 93.27 93.29 93.25 93.26 ***** ***** ***** 1 Sep 91 93.10 93.11 93.06 93.07 1460 6294 2601 J Dcc 91 92.70 92.71 92.67 92.68
      1,269 words
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  • COMMODITIES
    • Article
      Lock icon Opec will try to head off a price crash
      389 24 AP OPEC NATIONS appear likely to pull at least a million barrels of oil a day off the markets in the coming months to try to head off a disastrous price crash. After informal discussions, ministers from a halfdozen countries in
      AP  -  389 words
    • Article
      Lock icon Malaysia plans to gradually ban log exports from Sabah
      315 24 Bernama THE MALAYSIAN government plans to introduce a gradual ban on log exports from Sabah in a bid to conserve timber resources in the state, Primary Industries Minister Datuk Seri Dr Lim Keng Yaik said. He said his ministry would review
      Bernama  -  315 words
    • Article
      Gold closes near day's high in Hongkong
      873 24 REPORTS HONGKONG: Gold closed stronger and near its intraday high on moderate physical buying and light short-cover-ing by local and Japanese investors, dealers said. "The market thinks the Gulf war is almost over," a local dealer said. "But there wasn't any fresh news
      873 words
  • Article
    PRICES
    1427 24 Rubber Feb 27 MS|MhW«) S cents/kg KL Noon Close Int 1 RSS Prompt 142.00/143 OON I42.2VI43.25N u Int 1 RSS Mar 91 143.75/144.25 144 00/144.50 Pri Int 1 RSS Apr 146 50/147 00 146.75/147.25 M Int 2 RSS OP 141.50/143.50N 141 50/143 50N Af Int 3 RSS OP 136.50/138.50N
    1,427 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      801 24 NOTICES IN THE MATTES OF THE COMPANIES ACT, CAP. M AND IN THE MATTES OF SMITH SPENCES (FAB EAST) PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 24 Raffles Place #15-00 Clifford Centre, Singapore 0104
      801 words
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      Page 24 Advertisements Column 2
      807 24 IN THE MATTER OF THE 1 COMPANIES ACT, CAP 50 ANO DAB PTC LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting ot the Company duly convened and held at 1 Colombo Court #04 06 Singapore 0617 on the 22nd February 1991 the following Special Resolution was duly passed
      807 words
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      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNmES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1005 25 City Flight ETA Flight ETD City Flight ETA Flight ETD Ahw Ptiihi GA975 1125 SQ110 1445 \ji% MH644 1720 SQ112 1545 MH/SO 1800 MH631 1610 Mlhlil SQ228 1900 671 MH610 1715 QF5 2000 2 MH671 1800 MH643 1730 taltlrfiw SQ23 0740 KL840 2150 SQ113 1805 SQ114
    1,005 words
  • THE TRAVEL PAGE
    • Article, Illustration
      A different charm in winter
      744 25  -  POSTCARD FROM PARIS By Katherine Knorr IN SOME WAYS this city is at its best in winter. Dank, cold, grey. Water runs down the gutters bright with the blue and green iridescence of car oil, the pigeons huddle on cornices like stone saints, the Seine
      744 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 Local dollars to 100 units of foreign currency Austrian schilling 15.90 16.90
      146 words
    • Article
      WORLD TRADE EXHIBITIONS
      77 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel u v 1M mic Feb 28- 14th International Milan Trade Associazione 02/*****04 Feb 27- Photo, C inc and Zurich. Zuspa *****5055 March 4 Exhibition Of Fair, Italy Promozione March 4 Video Exhibition Switzerland Photo. C ine. Mostre
      77 words
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      39 25 Apart from 35 European cities, Finnair Oslo flies to Norway. With a superb twice-weekly service from Singapore to Helsinki and then on to everywhere from Berlin to Bangkok, Call *****77 for details. We know Kurope from start to Finnish
      39 words
    • Advertisement
      Page 25 Advertisements Column 2
      34 25 But what do they mean? •iiiliiiii hi T— -ardWe explain how Singapore's economy fared last year. In The New Paper style crisply and clearly. 1 aTSVW ,es news more From lunch-time. Monday to Soturday.
      34 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      280 25 1 Comedy hits the mark (9) 9 Feeling more restless (7) *****1 10 Has green eyes of the first |H jBH person in France to have a 1 I I I I 1 BB— new soul (7) ■J -11 Led to a large quantity jML_ coated in various colours 12
      280 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      213 25 Singapore Outlook: Showers over several areas in the late morning and afternoon. Forecast: Maximum temperature 30.1 Assoc humidity 79% Minimum temperature 24.2* C Assoc humidity 97% Hours of sunshine I 45 Rainfall in mm 5.3 Rainfall this month 27.6 Rainy days this month 7 World forecast Asia-Pacific Hi/Ix»* Cond. Auckland
      213 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      45 25 iiLL. J5 sorpiC€.To spw rr u*\s wpTnkimg pis rr docjS fmjowgsidc VJI JT l ONC OF TWe Gffepn- MoMPvJsJ T(£RR©LC MPkCMWC rnj?.Bfi'isToto lompit disasters of oufcirme.. J1 ttzpogdv of 'is fnndTV4eghastl> "TMC GWcAT "fI£*TROUj&V -V r VOOFRcJE. W CALPrnitV OF '«2 ©Evening Standard CO ltd.mi-IM7
      45 words
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  • Article, Illustration
    GE Pacific given operational HQ status
    317 26  -  Group has over $200 m investments here By Carolyn Lim CiE PACIFIC, a whollyowned subsidiary of the General Electric Company of the USA. was awarded operational headquarters (OHQ) status here, making it the largest American OHQ so far. There are about thirty OHQs, of
    317 words
  • Article
    Lock icon KL easing grip on monetary policy
    255 26 Reuter MALAYSIA'S tight-fisted monetary policy of the past two years, imposed to check inflation, appears to be easing with signs that the booming economy is slowing down, economists in Kuala Lumpur said yesterday. Inter-bank rates this week fell to their lowest levels this year.
    Reuter  -  255 words
  • Article
    Growth Triangle: No change in Jakarta's stand
    364 26 A NOTED economist's warning that the Indonesian government's participation in the Growth Triangle could divert attention from development of the eastern part ot the country does not reflect the government's point of view. Junior Industry Minister Tungky Ariwibowo said last night. Jakarta's level
    364 words
  • Article
    Lock icon Jakarta tightens money supply
    226 26 AFP INDONESIA has forced state firms to buy central bank paper worth between seven and eight trillion rupiah (about US$4.lB billion) to curb inflation and dampen foreign exchange speculation, Finance Minister Johannes Sumarlin said. "Recently, besides the pressure of inflation, there are initial signs of foreign
    AFP  -  226 words
  • Article, Illustration
    Making economic indicators even better
    641 26  -  The Bottom Line KENNETH JAMES KENNETH JAMES The writer is BT's Eeonomics Correspondent Last year, it was rulc. This year, it's GRR! Where one seemed to be the sound of a rather mixed-up animal, as I suggested around this time last year, the other is
    641 words
  • Article
    Lock icon Thai military transfers govt officials handling big projects
    316 26 Reuter THAILAND'S military junta has shunted aside two top civil servants appointed by the ousted government to handle big transport and communications projects worth about US$l2 billion (5520.5 billion). A military announcement yesterday reinforced fears among some foreign businessmen that these major
    Reuter  -  316 words
  • Article
    Lock icon Confirmed: US in recession
    245 26 AP THE US economy contracted at a steep 2 per cent annual rate during the final quarter of 1990, the government said yesterday. Economists viewed the decline as confirmation that the first recession in eight years was under way. The Commerce Department said the decline in
    AP  -  245 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      130 26 Nikon The World's Finest Photographic Systems iOne* for One! A drink for a drink. The Happier Hour at The liar, front sfmi to Nfmt iLiily. It begins even as you approach The Bar. Crystal clear notes from a Steinway fade in, with cix>l Jazz Classics or a memorable Evergreen. As
      130 words
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      Page 26 Advertisements Column 2
      9 26 Indonesia squeezing rupiah out of market: dealers, Pg 6
      9 words
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      Page 26 Advertisements Column 3
      125 26 Nikon The World's Finest Photographic Systems No change in plans to turn Cambodia into marketplace, Pg7 New policy makes Thailand less attractive, Pg 7 leader, Pg 10 I I Dive Adventure—MICRONESIA Slay on board your floating hotel the S.S. THORFINN 170 crusie ship 7 DAYS tor US$l54O 00 PRICE INCLUDES:
      125 words
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  • Shipping Times
    • Article, Illustration
      SIA forecasts higher cargo growth from April
      420 27  -  By Rahita Elias WITH THE end of the Gulf war pending, Singapore Airlines' cargo revenues arc expected to chalk up better growth in the next financial year, starting April 1. Mr Huang Cheng Eng, SIA cargo manager, told BT that the carrier's cargo
      420 words
    • Article
      MOL starts box service to Vietnam via S'pore
      300 27  -  By Selva Kumar ALTHOUGH freight rates on the Singapore-Vietnam trade route have softened, there is no let up in the number of competitors in this once lucrative sector. The latest entrant to the trade is Japan's Mitsui OSK Line (MOL), which has
      300 words
    • Article
      Lock icon Japanese agencies team up to develop car navigation system
      303 27 NYT JAPANESE government agencies will join forces to develop a vehicle navigation system by some time next year as an aid to alleviate road congestion. For the last several years the Construction Ministry and the National Police Agency have been developing
      NYT  -  303 words
    • Article
      Lock icon China offers to buy Goddess of Democracy
      248 27 Reuter CHINA has offered to buy the Goddess of Democracy. the radio ship that failed in its mission last May to beam pro-democracy messages to China, the ship's Taiwanese owner said on Tuesday. Wu Tsen-wu and his brother bought the 1,140tonne ship in
      Reuter  -  248 words
    • Article
      Lock icon Better results from bomb-detectors
      329 27 AP BOMB-DETECTION devices in use at some US airports and one in London have shown improved results over the last six months, the US Federal Aviation Administration said on Tuesday. But representatives of the congressional Office of Technology Assessment said the FAA should not consider buying
      AP  -  329 words
    • Article
      Hanjin-Yang Ming tie-up to start on Mar 28
      399 27 THE PROPOSED partnership between Hanjin Shipping Company and Yang Ming Line for a direct allwater Far East-US cast coast service will kick off on March 28. This was disclosed by Mr Ronald Schley, Hanjin's North American vicc-prcsi-dent of sales and marketing last
      399 words
    • Article
      Lock icon Malaysia and Romania sign maritime transport agreement
      205 27 AFP MALAYSIA and Romania signed a maritime transport agreement on Tuesday to boost trade between the two countries. Under the agreement, Malaysian and Romanian vessels will enjoy reciprocal most-favoured-nation status at each other's ports. The agreement was signed by Transport Minister Ling Liong
      AFP  -  205 words
    • NEWS SUMMARY
      • Article
        Springing a box off surprises
        57 27 A YEAR after Sea Containers made some radical changes to the company, results are proving that what some saw as a move out of the container business was in fact a wellplanned exercise to get trim for a return to the ring. Clive Wood bridge
        57 words
      • Article
        EC cabotage plans may have to be reviewed
        39 27 EUROPEAN Community (EC) transport ministers may have to rethink plans to liberalise cabotage trades. Lawyers say that an agreement reached in December was in breach of the Treaty of Rome. BackPage
        39 words
      • Article
        Chrysler scrapping Jeep Grand Wagoneer
        36 27 WITH pressure rising to focus its limited financial resources on mainstream products. Chrysler Corp said on Tuesday that it would stop producing its slow-selling Jeep Grand Wagonccr this autumn. Back Page
        36 words
      • Article
        Ford, Volkswagen staff in Brazil end strike
        67 27 THOUSANDS of Ford and Volkswagen car workers in Brazil returned to the job on Tuesday, ending a wceklong strike after company officials agreed to suspend the layoffs ot more than 5,000 workers. Directors of Autolatina, the Brazilian holding company for both Ford and
        67 words
    • LOG BOOK
      • Article
        Maritime officers' 40th anniversary book
        56 28 THE SINGAPORE Maritime Officers' Union will be launching the book We are Forty... Still doing Strong to celebrate its 40th anniversary. Mr Lim Boon Heng, NTIJC IX*puty Secretary-General, will be the Gucst-of-Honour. Some 300 members and guests from the shipping community are expected to attend
        56 words
      • Article
        German-built ships for Indons
        74 28 A GERMAN company signed an agreement on Tuesday to build five passengers ships for Indonesia for 523.2 million marks (*****.5). The agreement was signed by Bernar L Meyer, president director of Germany's Jos L Meyer shipyard, and Soentoro, director general of Indonesia's Sea Communications Directorate. Delivery
        74 words
      • Article
        China to open new ports
        84 28 CHINA has agreed to open trade ports with Mongolia and Laos this year and was negotiating to increase the number of ports with the Soviet Union, the Xinhua News Agency reported. China and Mongolia have decided to open six ports each this year to handle
        84 words
      • Article
        Antwerp handling more goods
        58 28 TRANSPORT of goods via the Belgian port of Antwerp, one of the world's largest, totalled more than 102 million tonnes in 1990, a rise of nearly 7 per cent compared with 1989, the national news agency Bclga said. Goods loaded and unloaded in the port rose
        58 words
      • Article
        Private mail delivery to resume
        46 28 THE US Supreme Court ruled on Monday that the private delivery of overseas mail be allowed to continue. The top US court said postal worker unions may not prevent the US Postal Service from allowing private carriers to deliver overseas mail.
        46 words
      • Article
        Norwegian tanker damages hull
        66 28 THE Norwegian tanker Norgas Chief sustained hull damage below the watcrline in a collision with Polish bulker Y.iemia Gnieznienska, Lloyd's Shipping Intelligence Service said. The 8,379-dwt Norgas Chief and the 26,696-dwt bulker collided on Monday off the Netherlands. The tanker, which was bound for Antwerp to
        66 words
      • Article
        Grounded tanker blocking port
        47 28 THE US chemical tanker Louisiana Brimstone was grounded at Coatzacoalcos, Mexico, last Friday and is partly blocking the port, Lloyds Shipping Intelligence said. A salvage team is working on the 24,559-dwt vessel which should be moved during the week. Water pumping has started.
        47 words
    • Article, Illustration
      Lock icon Springing a box of surprises
      1607 28  -  A year after Sea Containers made some radical changes to the company, results are proving that what some saw as a move out of the container business was in fact a well-planned exercise to get trim for a return to the ring. Clive Woodbridge reports
      Seatrade  -  1,607 words
    • Article
      COCKETT BUNKER MARKET REPORT
      879 28 THIS twicc weekly report, compiled by Coclcctt Marine Oil Ltd. shows price ranges in US dollars instead ol single prices for a more comprehensive description of the market. Prices shown are based on average-si/ed stem. Market movements arc indicated. The Cockctt Bunker Price Index change and
      879 words
    • Article
      THE SHIPPING GUIDE
      12497 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,497 words
    • Article
      SHIPPING AGENTS
      3307 41 Containerline NV: Belsin I Shpg Agencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Curpunition Philippine: Calsouree Shpg Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S).
      3,307 words
    • Article
      COURIER SERVICES
      247 41 Abacus Couriers Tel: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844 Fax. *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-link International Tel: 344-3377. Fax: *****50 Cluster link Supplies A Services
      247 words
    • Article
      AIR FORWARDERS
      1488 41 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,488 words
    • Article
      PORT CONDITIONS
      2811 42 ARGENTINA I San lorenzo: I by-products. I chemicals, 1 discharging chemicals; 3 vessels in roads awaiting orders to load by-products. Kosario: Two vessels in port loading by-products; 2 vessels berthed in ballast awaiting orders. Villa Constitucion: I wo vessels operating of which 1 loading grain, I discharging iron
      2,811 words
    • Article
      AIR FREIGHT SCHEDULE
      479 42 ARRIVALS DEPARTURES Op High! I)pr ETA I From Op Flight l>pe I. ID I I o TOOAY TODAY KAL KI647 B747F 0220 I SFL KAL KE697 B747F 0450 I BKK NC'A KZ203 B747I 2005 I NRT SI A SQ/ B747F 0540 2 BOM/LON KAl KL685 A 301*
      479 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      502 42 SHIP SALES TANKER RATES Reuter AFP SECONDHAND tonnage brokers reported the sales of three tankers; the 1981-built Poljstar (61,438 dwt) to Hongkong buyers for U5522.5 million, the 1974-built World Protector (31,161 dwt) to Greek interests for about US$7 million, and the 1981-built Ambia Finjo (78,434 dwt) sold within Norway for
      Reuter; AFP  -  502 words
    • Article
      CRUISE & FERRY SCHEDULES
      417 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Art IK-p Name of Vessel FIA Kl l) Ports of Calk Port Agent FEBRUARY 28 28 (Kcan Peart 0700 2000 P Sepa-Sin-Penang Reefer L ines 28 28 Vignesswara 1000 1900 Cruise-To-Nowhcre (ireenseas Shipping MARCH 01 01 OK II 0800 2300 Palaya-Sin- Thorcsen Co Kuantan-Bombay 02
      417 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        530 43 y ww t toy No Birth fcriv* Vend iff tk Bth km* Oqartrt W 3Mi MU 2102/0700 2102/1500 p„k Paula* Song lien 2 2/91 PIC 2802/1500 0103/0600 Sinar S B84 M1B 28 02/0900 0103/2300 Nil I !-5? **?q lh 7iM isnn lay Son 1/91B PIC 2802/0700 2802/1400
        530 words
      • Article
        CONTAINER SCHEDULE
        1304 43 MTFIVntC Of EXPORT Fa CONTAINERS AMP LCt CARGO Record Bookkif/Babnce J 5 5 Voy No Etb/Btr Period From To Froni Aha Bhum 468N 28/1500 1 27(1500 27(1900 ,cn 01/0800 1 27/1500 27/1659 27/1900 15N 01/0800 3 28/0700 28/1159 28/1400 4 28/1200 28/1459 28/1700 Pul I9N *****0 2 27/1700
        1,304 words
      • Article
        IN MALAYSIAN PORTS
        408 43 Port Klang Berth at South Port on Feb 27: 1: Victoria Cob; 2: Monte Cristo, 3: Alam Aman; 4: Hong Leong; 5; ml; 6: Lily Maa, 7 Kin Line No I; 7A: Beriasa; J Shell: nil. KCT: 8: Eagle Wind; 9: Ever Gentry; 10: Alsia North Port
        408 words
      • Article
        DAILY FREIGHTS
        1149 43 BUSINESS volume in the dry cargo freight toi market on Tuesday was again thin and there fo was little fresh enquiry in ore, grain or coal. U! but rates held up well, brokers said. Sentiment was boosted by news the Soviets had agreed to buy one million tonnes
        1,149 words
    • Article
      Lock icon EC cabotage plans may have to be reviewed
      305 44 Lloyd's List EUROPEAN Community (EC) transport ministers may have to rethink plans to liberalise cabotage trades. Lawyers say that an agreement reached in December was in breach of the Treaty of Rome. Lawyers from the European Commission have found that the setting
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      Lock icon Ford, Volkswagen workers in Brazil end strike
      268 44 UPI THOUSANDS of Ford and Volkswagen car workers in Brazil returned to the job on Tuesday, ending a wecklong strike after company officials agreed to suspend the layoffs of more than 5,000 workers. Directors of Autolatina, the Brazilian holding company for both Ford
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      Lock icon Chrysler scrapping Jeep Grand Wagoneer
      534 44 NYT WITH pressure rising to focus its limited financial resources on mainstream products, Chrysler Corp said on Tuesday that it would stop producing its slow-sell-ing Jeep Grand Wagoneer this autumn. The hulking four-wheel-drive vehicle, which for years was the flagship of the Jeep line, fell
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      560 27 SWEE HENG METAL CO PTE LTD I No 13,TuasAvenue 14J>PQRE 2263 FAX 061-2946 lit 861 5855(5 LINES)H|\ R*****8 SHMCPIj B\__ Commercial Cleaning /-jsiii-ga f A Eauipment Industrial Maintenance Equipment Also buy .sell rental repair ~T THEME: SHIPPING NEW FRONTIERS Raffles City Convention Centre, 1-v Come to Asia's top conference for
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      51 27 Air Forwarders 15 Air Frnght Schedule 16 Cockett Report 2 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Datfy Freights 17 Index to Advertisers 3 Port Conditions 16 Shaping Agents 15 Shmpine Guide 10.11 Shpsales/Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Weather and Sea Conditions
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      89 28 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS #1 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
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      1842 29 '"HH"'# nines, mursuay rrnruar; w i»»« "0«M SMIPPINC ACE NCIES Mlln Hud OS South point. Smuapore 0208 MMfIrIBMH All If v*»i 'is 220 J WW* AGENCIES SDN BHD r Til *****18 TEIEX MAJ947? MA***** Pt««M TU *****4 TUEX NO MA***** CES IEI *****6 f)..J;. ..I I Jilw PPWf!P¥I P'.uOANG HI
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      944 29 NKX TOMVERIjSERS Pane Col Pace Col *II M I ABC Containcrline 13 5 Mac-Nets Agencies 14 1/2 Accord Group 8 1-3 Macoline I* Albatros Sea-Air 14 3 #V laerskl ine 3 4/5 i i\ 1 MISC 14 1-3 ,ne M'sia Shpg Corp 9 1/2 Arrow Does 9 5 Mereur> U
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      Page 29 Advertisements Column 3
      2265 29 mamssmm NEXT SHIPMENT TO U.S.A. MARIT MAERSK V. 9104 ETA 5/3/91 VmS( Voy IEIA I EIO -Po»t 'Penang 1 DESTINATIONS Sm9«p«)re Kelang crs u OAK LGB MOU MEM ATI MIA CHS BAL PHL NYC MON TQH MARIT MAFRSK 9104 IS3 6 3 A 2 J'* 23) A 1 .'8 3
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      1273 30 I ROT TE DAM/1 VOY NO S PORF SOUTHAMPTON HAMBURG ANTWERP IE HAVRE 9HBB OSAKA BAY 98/522 1/3 20/3 24/3 19/3 UISAI3 CITY OF EDINBURGH 94/524 4/3 21/3 26/3 22/3 > HONGKONG EXPRESS 99/109 7'3 28/3 26/3 25/3 1. All WtSTBOOWO r KAGA 17/309 10/3 27/3 29/3 1/4 2/4 KELANG
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      Page 30 Advertisements Column 2
      571 30 niRFCT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISI.A tI.OKKANA 26-2H/2 Il« 1 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA. PAGO PAGO. APIA ft NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP CALLAO SAN (PERU) ANTONIO ISLA FLOREANA 26-28/2 1/4 3/4 6/4 7/4 8/4 Ag«nts: Singapore: smms6 VPKSAKA JARUINK MSIA
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      Page 30 Advertisements Column 3
      1363 30 RSmiAUBa &n> REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NOR ASIA PRINCESS 9051 3 28/02 17/03 18/03 22/03 23/03 24/03 25/03 26/03 27/03 JAPAN SEA 052W 07/03 29/03 30/03 03/03 04/04 05/04
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      2017 31 uiup|nii B limn, tnursaay reDrunry m ini sSSteamers Maritime Holdings Ltd p&O MOW STRAITS SHIPPING ■ML 1 WIV/ J Srt|j»or. I. Brtwl. East MjUijU, Containers MJ» fr—* »oy *0 PHLwn S'pw S'l<Xl M auri B'tuven R'lljoi iek ACCEPTS DUE SAILS OSAKA BAY 98 522 *BSER»O2 01L3 UO3 2003 23 03
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      Page 31 Advertisements Column 2
      1690 31 TO: U S A /PANAMA FM: USA/PANAMA I. m«t; i w is sr s I si a 1 3 CNOVANC VICTORY EF HO 10)4 12.4 21/4 24,4 27/4 2M 30 4 J* To; il l 22 47 »2 I*2 20,2 201 %ss?4gssr& m 241 a% .s lis is jg ss
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      371 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL CHAMPION COSMIC COSMIC COSMIC TRADER CHALLENGER TRADER PIONEER (2nd Call) VOY NO 15 S 16 16 Spore <(3 8/3 MI3 16/3 P Kelang 6/3 12/3 18/3 Penang Yangon Mongla CMtagong Calcutta Yokohama Nagoya Osaka Senboku Kobe 14,'3 NOTE ALSO CALLING
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      756 32 "ft® w pbbb CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSI.VOY SPORE ROAM ADAM H BURG BREMEN ANTWERP TRIAS UNIIYfIOtVIB 13,3 13,4 18,4 21/4 SRIWIIAYA3IWB 29/3 6/5 12,5 16/5 20/5 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sub|ecl to Inducement. Also accepting cargo to Casablanca. Port Said. Port Alexandria.
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      Page 32 Advertisements Column 2
      876 32 ®|f£ jft Z& 'M. HANJIN SHIPPING FEEDER VSL SIN LINE HAUL LAX OAK Spore LEH RTM ANR HAM BRV FEL HANJIN SEATTLE 01/E 7/3 H TONGHAE MIE 14 4 4 HANJIN LONCBEACH 032*1 1 3 ?1 3 22 3 3 73 3 25) 26 3 HANJIN TONGHAE 081E 11,3 DIRECT
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      Page 32 Advertisements Column 3
      115 32 |l frsv POL (M) SDN BHD 35. Ist Nr.. Jalan Cuogah Port Kclang Tat: *****98 *****70 W Malaysia/S pore to E Mala»»i» Service t>C S'po'« S<» T»u t o»tu PKtttc Simudrt Vrtl 743 5/3 HJ 14-lfcl 1170 3 Cheung H.n* V«1 In Pt 1-4,3 *10 3 Siluni Situ l/m 121U
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      1389 32 Pp. SGP HKG KSC KLC PUS MKT OSK NCY SM2 I*o LAX CHS BAL NYC LHV ANN RDM IMP HBC PSO CMB PKL SCP I lOK 212 In PI S 3 I I 3 113 13 3 14,3 IV3 17/1 ll;3 2*3 10'4 12 4 14 4 23/4 24 4
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      1664 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE- *****48'. TERMINAL OFFICE *****22 DOCUMENTATION OEPT. *****14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 K L P (03) E *****3^ H p J Kf.lang-(03) *****87, Penang
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      Page 33 Advertisements Column 2
      1177 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 SERVICE) oisCHARCIWC FROM CASTBOtIND LOADING fOB WESTBOUND VESSELS VOYAGE [Sim |WANHA| HMQWC ~VOYAGE SPORE PHLANG HBURG B HAVEN TILBURY ROTT
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      1751 34 I K LINE KAWASAKI RISKN KAISHA. LTD. Jj I EXPORT W. AMERICA-PACIFIC SOUTH-WEST IMPOUT N. AMERICA PACIFIC SQUTH-gESX r— TUCO p U1 r MOTHER VESSEL VOY MOOS IB OAK THY FEEOtR VtSStl VOY THY SCP FEEDER VESSEL VOY *INDO *PK PUG SGP IWTNER VEMEL VOY IB OA* CHI *YC hEMRY
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      Page 34 Advertisements Column 2
      1134 34 r« PHIU-ORI€NT UN€5 PTC LTD 106 ROBINSON ROAO #07 00 GMG BUILDING SINGAPORE 0106 X TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA Bsaigr WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 3 MAR MONTREAL, OTTAWA, TORONTO, i vancouver, s'western
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      1446 35 PACIFIC INTERNATIONAL LINES (PTE.) LTD m flhi P,L Building, 140 Cecil Street *03 00, Singaporeolo6. JAKARTA I I BANGKOK H] VESSEL VOY SIN BKK SIN VESSEL VOY SIN JKT SIN IMVfmiiity 122N 3/3 fi'3 10/3 EDEN 9109 5/3 7/3 12/3 "—ASUS PROGRESS 657N 5/3 8/3 12/3 GOWA 9104 8/3 11/3
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      Page 35 Advertisements Column 2
      1023 35 f BEN LINE CONTAINERS LTD *\1 200 Cantonment Road Tel: *****22 #13-05 Southpoint 1 Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL IvOY SPORE PKLANG Is HAMPTON 1 HAMBURG BHAVEN ROAM L'HAVRE Osaka Bay' 98/522 1/3 I 20/3 24/3 19/3 VIA RO C<ty of Edinburg
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      Page 35 Advertisements Column 3
      314 35 MYANMA |Bk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg HPA-AN VI6OW 2/4 liar MYOMAYW* VIJ3W 2/4 Mar MCRGUI VIO4W 5/7 Mar 2/4 Mar g* THE BANK UHE (A tervict of Andrew W«ir Shipping) \T SEMI-CONTAINER SERVICE \i HEAVY LIFT CAPABILITY I
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      760 38 ■8' DSR-SENATOR LINES] INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX BRV RDM ANT HBC THUERINGLN WMIM 1/3 30/3 Ml 3 31)3 27/3 JAPAN SEN WFIII 8/3 1/4 4/4 3/4 2/4 BREMEN SEN WFU2 13/3 9/4 6/4 S/4 10/4 TO EAST MEDITERRANEAN OUTBOUND SIN LCA Accepting
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      Page 38 Advertisements Column 2
      1005 38 r I > r CONTAIN|R LINE CRYSTALTSSSST^cTcONSO^ERvIcEr OUR CONSOLIDATION SERVICES 10: EAST riinARE JAKARTA 2/3 t 9/3 TOKYO M A J/J rIIRIIPr PORT KELANG 27/2 4 WJ KOBE LUnillL PENANG 1/3 1 1/3 NAGOYA J/3 t 10/3 MANILA 2/3 I HI YOKOHAMA J/3 A 0/3 BUSAN 28'2 6,3 [OSAKA J/3
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      Page 38 Advertisements Column 3
      225 38 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETO LOADING FOR DELI INDAH In Port 28.2.91 PK BALAM NAGA JAYA DOCK LAMPUNG JAYA 1.3.91 2.3.91 PANJANG PALEMBANG PINANG JAYA 4.3.91 5.3.91 PANJANG PERITA JAYA 3.391 4.3.91 PANJANG,PALEMBANG ABADI JAYA 5.3.91 6.3.91 PANJANG MUNTOK PERITA INTAN
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      Page 38 Advertisements Column 4
      1345 38 "I W CHINA OCEAN SHIPPING COMPANY I FULL CONTAINER LINER SERVICE I SINGAPORE S GENERAL AGENTS COSTAR SHIPPINGI PTE! LTD: TEL: I INDONESIA S AGENTS P.T. GLOBAL PUTRA INDONESIA MARITIME: TEL- *****JH (JAKA MALAYSIA S AGENTS CHUNG CHIAO SHIPPING SDN BHD TEL *****91. «L) 62W41 (PENANG) I guan guan SH|pp|NG
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      725 39 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA *ll IPI Destns 7/3, 1-1/3 I I EUROPE all Ports 2/3, 9/3 BANGKOK 2/3, 7/3 HONGKONG/CHINA 5/3, 9/3 SYD, MEL, ADEL, BRIS 9/3, 15/3 FREMANTLE 9/3. 17/3 MANILA 8 3 15 3 PKLG/PENANG 3/ 3 10 3 Port Kelang
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      Page 39 Advertisements Column 2
      273 39 MARINE A6ENCIES (S) PTE LTD TEL: *****33 (12 Line*) FAX: *****15/*****03 TELEX: R3 ***** RISHIP (3 Line#) ]W\ ETHIOPIAN SffIPMNG UNES f (National Lines of Ethiopia) ACCEPTING FCL ANO CONVENTIONAL •VESSEL IVOY ETA [ToADiNGFOA SPOflt fABBAY WONZ ?BWB 10/04 OARE SSAI AAM MOMBASA DJIBOUTI ASSAB MASSAWA /NETSANE T 21MB 8/05
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      737 39 tan- P.T. MASKAPAI PELAYARAN PapULAU 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
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      Page 39 Advertisements Column 4
      430 39 SYDNEY/MELBOURNE BANGKOK [vessel |vqt spore svo mil vov Singapore banwok PLANETA 0246 02 03/3 16 10/3 20-21/3 NANTA BHUM 30N In Pt 20/2 Sun 3/3 PIYA BHUM 030? 15-16/3 20 30/3 01 03/4 MAHA BHUM# «N Sat 2/3 Tuc 5/3 PLAWETA 044 7 02-03/4 15-17/4 19-20/4 WANA BHUM#' 04N Tuc
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      Page 39 Advertisements Column 5
      345 39 TO AUSTRALIA/NEW ZEALAND VSL Sin Frem Melb Syd Brisb Auck Direct Kea V99IS 4/3 10/3 15/3 17/3 20/3 26/3 Piya Bhum V 0302 15/3 1/4 28/3 D. Kookaburra V993S 15/4 21/4 26/4 28/4 1/5 7/5 TNT Express V 269 26/4 2/5 8/5 12/5 17/5 E. Hudig V 270 8/5 16/5
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      1062 40 A MAC-NELS SINGAPORE II »h»t nt ttoziari iwrwi tit: «imoT| PENANti TEL (04 *****6 KK TEL (088) *****0 fAWAU TEL (089) //86/9 P KELANG TEL (03)*****7/ KUCHING TEL (082) *****3 S KAN TEL (089)*****2 I I j BAMHU TEL (0/) *****2 SIBU TEL (084 *****2 SARIKEI TEL (084) *****8 1
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      Page 40 Advertisements Column 2
      397 40 fggfc BLUE STAR LINE 11 SINGAPORE TO lINEW ZEALAND AND T/S FIJI Pill LY containkriskd monthly sailings F m»6HAKG?NO AT NEW *_PORT PHAI.MKKS ACO-PllNti HI. LLL FOR AUCKLAND. NAPIKK, WELLINGTON, BLUFF. CIIR IST t H URC H dunkimn. LYTTKLTON, INVKRCARCiII., FIJI ANI) TAHITI SIN N Pl* AUCK l*T PROSPECT US
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      Page 40 Advertisements Column 3
      1031 40 /Zg\ THONG SOON LINES PTE. LTD. I si Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA I SINGAPORE TO SABAH VESSEL Ivor [eta Idest vessel vbt ETA BIST KIM SOON LI 7/91E
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      415 43 TIDES AND WEATHER TOPAVS TIDES (IwitM in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OJOO **********00 1200 *****400 1500 1600 1700 1800 1900 ?000 2100 2200 2300 K 25 24 19 1.4 1 1 10 10 12 1 7 24 30 32 31 27 21 14 09
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      451 44 CHARTPOINT Every Saturday in Business Times NOTICE NOTICE M.V. Gafu Voy. 25 Arrived Singapore 18.2.91 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the Ist March 1991 (Friday) Keppel Wharves at K3O 0900 1200 hours. No further survey
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      671 44 MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN CGM PASCAL 02E W '/3 25/3 2S/3 31/3 30/3 HYUNDAI CHALLENGER 39H 21/1 1/2 3/2 21/2 2/3 HYUNDAI INNOVATOR 39E 9/3 14/3 1/4
      671 words
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      Page 44 Advertisements Column 3
      627 44 ICHARTPOINTI Every Saturday in Business Times Mm means C%PK Skillful n (T\ MOV,NG WII// u H Ftradcr from VoJ PNG PW. Mutter Vtud Vo» SIN LAX O*T HOU OAL CM/ NOR MEM NYC* OUR USA AM BHUM V 4t*W 1,3 ALLIGATOR TRIUMPH V ***** 4T 23/3 »3_ V!i Vrl im
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