The Business Times, 22 April 1991

Microfilm: NL17476
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Monday, April 22, 1991 75*
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  • NEWS SUMMARY
    • Article
      Gulf nations to meet on rebuilding of Kuwait
      66 1 GOVERNORS of the central banks of the Gulf Cooperation Council will meet tomorrow in Riyadh to unify and consolidate their efforts for the reconstruction of Kuwait. The Central Bank governor ot the United Arab Emirates. AbdulMalik al-Hamar. said the GCC monetary officials
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    • Article
      Pickens to give up shares in Japanese firm
      50 1 TEXAS financier T Boone Pickens, who has battled in vain for a management role in Koito Manufacturing Co. a Japanese auto parts company, has agreed in principle to give up his shares in the company, the Asahi Shimbun a newspaper said yesterday.
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    • Article
      Planning ahead
      31 1 A STUDY by a property consulting firm suggests that if Singapore's retailers plan ahead, they need not worry about the glut of retail space expected by 1994 Page 2
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    • Article
      Progress for project
      42 1 PLANS for Thailand's tallest residential building took a step forward when the man behind the project said he was close to securing a 900-million-baht (Ss62 million) plot of prime riverside land tor the project P a R e 8
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    • Article
      US winning cost battle
      31 1 THE US. long derided as an industrial has-been, has become one of the world's lowcost manufacturers lower in many industries than Canada. Europe and Japan Page 11
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    • Article
      Scheme under review
      25 1 WHETHER or not Australia's business migration programme is abolished will depend on a review that is now being carried out Page 12
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    • Article
      R&D misunderstood
      30 1 FOR many managers, the research department department remains a black box into which cash is poured, and out of which new products all too rarely pop Page 15
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    • Article
      Munich relived
      26 1 THE LOS ANGELES County Museum of Art has partly reproduced a 1937 Munich exhibition which featured 650 works confiscated by the Nazis Page 21
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    • Article
      Marketing move
      27 1 HOEGH-UGLAND Auto Liners plans to promote Singapore as a regional marketing centre in its liner services in the Far East. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Third fund in works
      26 1 SINGAPORE-BASED Tran- i spac Ventures plans to launch its third fund, targeted at more j than USSBO million, next year Page 3
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    • Article
      Little action seen
      29 1 ALTHOUGH UOB's foreign shareholding level is last reaching the 40 per cent limit, the narrowing gap has not sparked much interest among market players Page 3
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    • Article
      When fowl is fair
      34 1 FOWL is fair over at Leong Hup Holdings, and the seemingly rosy complexion of Malaysia's largest poultry operator has made the counter a hot item on the KLSE Page 3
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    • Article
      Telecom deal clinched
      27 1 SHINAWATRA Computer Company and AT&T have clinched contracts worth US$B million (5514.2 million) for the latest expansion of Thailand's national telecommunications network Page 4
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    • Article
      Interest in options
      15 1 INTEREST in currency options in the Republic is growing rapidly Page 6
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    • Article
      China lowers rates
      49 1 THE People's Bank of China has announced a cut in deposit and loan interest rates, a move seen as linked to a deal .by the Beijing government with'a syndicate to underwrite state bonds and market them at an attractive interest rate to the public Page 6
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    • Article, Illustration
      STOCK INDICES
      26 1 Krida> hanjje BT-MGA 743.47 Kuala Lumpur ...595.50 -0.06 Tokyo 26.541.97 -256.93 Hongkong 3,667.40 -31.86 Svdne\ 1.519.6 f7.4 New York 2,965.59 -33.67. London 2.520.1 -18.3
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SSI. 7735 100 Yen SSI.2870 VIS SS0.6454 Money market rates Overnight 5 5/8 3/4 3-month 4 13/16% +1/8
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    • Article
      COMMODITIES
      35 1 Rubber S pore May 145.00«/kg +0.25 M'sia May 225.50«/kg fO 50 KL Tin Turnover 65 tonnes -5 Spot MS 14.86 /kg f 0.02 Crude palm oil Turnover 1.305 lots 537 May MS768 /tonne +1
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  • Article
    India's foreign currency crunch hits traders hard
    585 1  -  Exports from S'pore have come to a standstill By Shoeb Kagda SINGAPORE-BASED exporters stand to lose nearly half a billion dollars worth of business with India this year because of the foreign currency crunch there and the strict import regulations recently imposed by
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  • Article
    UIC shrinking its operations
    481 1  -  Singland will be largest asset, main profit generator By Lee Han Shih MAJOR changes are taking place at United Industrial Corporation that will see the company closing down all its foreign operations and perhaps even taking a smaller role in Singapore. It is understood that UIC
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  • Article
    Lock icon Indon firm to invest in Viet mine
    185 1 Reuter A PRIVATE Indonesian mining company signed a contract on Friday to invest US$27 million (about 5547.8 million) to mine coal near Vietnam's north-eastern coast, officials of the Jakarta-based company said. Bonifacius Juan Gondokusumo, vice-president of the Indonesian company P T Vietmindo Energitama,
    Reuter  -  185 words
  • Article
    Poor business, so two retailers to close shop in Terminal 2
    569 1  -  By Hong Lee Tiam TWO RETAILERS have decided to give up their outlets at Changi Airport's Terminal 2, blaming poor passenger traffic for their action. But many others are still busily holding special promotions in an attempt to improve
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  • Article, Illustration
    Lock icon Private group after Hongkong airport project
    445 1 FT A GROUP of Hongkong's ethnic Chinese property companies is considering mounting a HKS6O billion (5513.7 billion) private sector bid to build an international airport in the colony. The move would circumvent a diplomatic impasse between the UK and China over the Hongkong government's
    FT  -  445 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      153 1 THE j VISIBLE J VDIFFERE ct v y.v PROFESSION I EYECAIKE OPTHJI MW MKf Plaza Singapura Liang Court j /|A»I ***** Daimaru Manna Square Sunglasses Counter »< D Aircraft Schedule 29 Market Reviews 24 World News 22 The Arts 21 Money Changer Rates 29 Commodities 28 Money Market 27 For
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      Page 1 Advertisements Column 2
      131 1 1 Dulux THE BETTER PAINT 11 I HOW TO STAY ONE STEP AHEAD In business, being punctual is always important, especially when a major proposal is being presented to the board, or an international contract is at stake. You can't afford to be late. So, wouldn't you rather travel on
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Tuition fees at NUS, NTI up
        93 2 IMF National University of Singapore and the Nanyang technological Institute will raise tuition fees by between 35 per cent and 50 per cent from July. The inereases range from S9OO to $3,600, with the highest inereases being for medieal and dental students, lhe fee
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      • Article
        Labour ministers meeting
        41 2 LABOUR Minister Lee Yock Suan will attend the 12th conference of Asian and Pacific Labour Ministers from April 23 to 26 in Beijing. The conference will discuss issues relating to employment, training and technical co-operation in the Asia-Pacific.
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      • Article
        Simpler names
        68 2 THE Central Provident Fund board has simplified the names of certain schemes. The new names, with old ones in parentheses. are: Residential Property Scheme (Approved Residential Property Scheme); Non-Residential Property Scheme (Approved Non-Residential Property Scheme); Investment Scheme (Approved Investment Scheme); Education Scheme (Approved Education Scheme); Home Protection Scheme
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      • Article
        Using handphones in NZ
        116 2 HAND-PHONE owners can take their sets to New Zealand from today. Singapore Telecom has signed an agreement with New Zealand Telephone Cellular Network to make this possible. To use the service, a subscriber has to apply to Singapore Telecom and state the duration for which the
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      • Article
        Corporate memberships
        68 2 FORTY unions have snapped up close to 300 Orchid Country Club corporate memberships. About 100 are golf memberships, the rest social. Topping the list is the Singapore Manual Mercantile Workers' Union with 10 golf and 20 social memberships. Singapore Bank Employees' Union took nine golf and 18 social
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      • Article
        World at your finger-tips
        87 2 HOLDERS of International Telephone Credit Card (ITCC) can now call overseas direct from any push-button telephone in Singapore. The new facility, launched last Friday, allows subscribers to make overseas calls from here, bypassing operators via a call computer system that automatically processes calls through a series
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    • Article, Illustration
      More space unlikely to depress retail sector: study
      577 2  -  By Salil Tripathi A STUDY' by a property consulting firm suggests that if Singapore's retailers plan ahead, they need not worry about the glut of retail space expected by 1994. Retailers who market their products more professionally and landlords who refurbish and
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    • Article
      Changing demands of women in the workforce
      271 2 AS SINGAPORE progresses, more and more women will seek recognition and fulfilment beyond satisfying their basic needs. But this desire should not be seen as selfishness or self-centredness on the part of women, said Minister of State (Health) Dr Aline Wong yesterday at
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    • Article
      Awards for efforts to look after the world
      218 2 TODAY is Earth Day. And this afternoon, one company and one individual will be presented with the Preserve Planet Earth Award in recognition of their efforts to protect the environment in Singapore. Thirteen companies and five individuals are vying for the award,
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      352 2 Cual iLis ©nil: and punt it in youur ***** tikis ©nil ami put ill in ymjw secrelaiy's Jiairy. Hmdss's Jiaiy. I /Z.OO. /Wt art 4U- itU*C boii>. I /2.00. It s time to reward your clothes in our fashion show It's Secretaries' Week from of French perfumes and potted secretary
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Transpac Ventures to start third fund
      574 3  -  Fund targeted at more than USsBom By Anna Teo SINGAPORE-BASED Transpac Ventures plans to launch its third fund, targeted at more than US$BO million, next year. The venture capital firm, one of the largest in the region, has in over a year's operations invested
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    • Article
      MBf to buy land and hotel
      121 3 MBF HOLDINGS has signed a sales and purchase agreement with the receivers of Beachcomber Sdn Bhd, Coopers Lybrand, to acquire several pieces of land and a partially-completed 215room hotel for MSI7J million (about Ssll.l million). The land is located on the northern side of
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    • Article
      Poultry operator Leong Hup a hot item on KLSE
      1119 3  -  At present prices the counter trades at 23 times earnings From P S Nair in KUALA LUMPUR FOWL IS fair over at Leong Hup Holdings. Indeed, the seemingly rosy complexion of Malaysia's largest poultry operator has made the counter a hot
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    • Article
      UOB foreign shares fast reaching 40pc limit
      525 3  -  By Magdalene Ng FOREIGN shareholding of United Overseas Bank (UOB) is fast reaching the 40 per cent limit set by the Singapore authorities. The narrowing gap has, however, triggered only marginally more investor interest in the stock. The banking group's foreign shareholding level
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    • COMPANY BRIEFS
      • Article
        R J Reynolds disposes of 200,000 shares
        43 3 R J REYNOLDS Tobacco Co of North Carolina. US. has disposed of 200.0(10 shares of R J Re>nolds (Malaysia) b> a private placement treaty thus bringing its shareholding in the compan> to 15K. 1 >"'2.2"'5 shares.
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      • Article
        Leisure group seeks listing
        72 3 Mil Rl K\( Wllk (iROI'P of companies, structuring itself into a "recreation supermarket", plans to seek a listing on the Kuala Lumpur Stock Exchange. The group, which owns and manages two recreation clubs in Selangor. has identified a merchant bank to handle the company's public listing.
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      • Article
        Update on Sapura shareholding
        35 3 SAPURA TELECOMMUNICATIONS has been informed b\ Sapura Holdings that the latter now owns 29.365 million shares in the company following the disposal of 1.584 shares on March 26 and April 2.
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      • Article
        Mercury debut in June
        98 3 MERCURY INDUSTRIES Bhd. which will issue its prospectus by the end of this month, is expected to make its debut on the KI.SE second board in the middle of June. The exercise involves an offer for sale of 4.56 million shares at M 51.45 each. Of
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      535 3 I've switched to ANA Hotel Singapore. J l ANA HOTEL SINCAPORE If. i,n I 111 S,n.]H.' i ~,,1 I 1.-Il 1 V 1...,, K, v., I.„. TI,. I ,x V" 1,1, x \N\IISI\ KS.'IM" I MANAGEMENT BRIEFING =U May 17,1991 (Friday) f 6.45pm 9.00 pm Mandarin Hotel Singapore This is
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Nissan's new centre for aluminium parts
        75 4 NISSAN Motor Mfg Co (Australia) l.td's Dandenong factory, in Victoria, will bccomc Nissan Motor Co Ltd s worldwide production centre for aluminium components, a Nissan spokeswoman in Tokyo said. Nissan, Japan s second biggest carmaker, will invest more than three billion yen by March
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      • Article
        Australia, Vietnam in TV pact
        56 4 VIETNAM'S television company and the Australian Broadcasting Corp (ABC) have signed a cooperation agreement in Hanoi, the daily Nhan Dan reported on Friday. The agreement provides for programme exchanges and cooperation in the making of films. ABC will also provide Vietnam with equipment and assist
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      • Article
        Accept offer, IEP holders urged
        66 4 MINORITY shareholders in Industrial Equity (Pacific) Ltd (lEP) should approve parent Brierley Investments Ltd's plan to take it over now that the lEP dividend has been raised, the financial adviser to lEP's independent directors, Jardine Fleming Securities, said in a statement. lEP said earlier it
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      • Article
        Information services Down Under
        54 4 FUJITSU Ltd and CompuServe Inc of the US will join to offer computer-information services in Australia and New Zealand starting in September, a Fujitsu spokesman said. The services will consist of data on corporate accounts, commodities market prices, and other financial information which will be accessible
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      • Article
        Output at Broken Hill
        64 4 BROKEN HILL Pty Co Ltd said total steel despatches fell 13 per cent in March 1991 to 416,000 tonnes from 476,000 in the same period last year. Oil production from Bass Strait, off the coast of southern Australia, fell to 4.81 million barrels from March 1990's
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    • Article
      Shinawatra and AT&T win Thai telecom deal
      346 4  -  By Dexter Lee SHINAWATRA Computer Company and US-based AT&T have clinched contracts worth USSK million (5514.2 million) for the latest expansion of Thailand's national telecommunications network. The contracts, for the supply of optical fibre transmission systems, were awarded by Corn-Link Company of Thailand.
      346 words
    • Article
      Lock icon IBM Australia's profits soar
      267 4 Reuter WHILE US computer giant International Business Machines Corp suffered a halving of quarterly profit this month, its Australian arm is doing a roaring trade exporting computers and expertise to Asia. Net profit for the Australian subsidiary, the Southeast Asia headquarters for IBM, rose 18 per
      Reuter  -  267 words
    • Article
      Lam Soon (HK) slashes losses to HK$13m
      375 4 DIVERSIFIED food group Lam Soon (Hongkong) cut back its losses to finish the past fiscal year HK$ 13.51 million (553.07 million) in the red, after reporting a loss of $22.3 million in the interim, according to the Souih China Morning Post. In the
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      158 4 TL Simply the best you can buy.. The Travel Mate 2000. Nobody gets so much into a notebook computer as Texas Instruments. Better equipped than any other comparable notebook X 11" (W) X 4.41bs 12MHz 286 processor, 20MB hard disk, m H Hi IMB RAM •6" x 8" sidelit triple
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      Page 4 Advertisements Column 2
      186 4 Shinawatra increases offer for satellite concession, Pg 8 I—7—l 1* 'i *£=9 "It had better be The Pinnacle or else..." A Message For Your Boss i If your boss hasn't made that all-important lunch reservation at The Pinnacle, you would do well to take our advice:a. Cut along the dotted
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon McDonnell Douglas posts strong profits of US$58m
      338 5 Cost cutting and more deliveries boost bottomline NYT HELPED in part by an increase in deliveries of MD-11 jetliners, the McDonnell Douglas Corp reported a strong increase in earnings for the first quarter. Net profits jumped to US$5B million, or $1.50 a share,
      NYT  -  338 words
    • Article
      Lock icon MD helicopter unit to shed 350 jobs in US
      207 5 Reuter MCDONNELL Douglas Corp said its McDonnell Douglas Helicopter Co will cut about 350 jobs at plants in California and Arizona. About 250 jobs in Arizona will be affected and 100 are at the company's Culver City, California, facility. McDonnell Douglas
      Reuter  -  207 words
    • Article
      Lock icon Caterpillar posts US$32m loss for first quarter
      249 5 Reuter EARTHMOVING and construction equipment manufacturer Caterpillar Inc has reported an expected 1991 first-quarter loss and sees no evidence of a turnaround in consumer spending or business investment. It reported last Friday a 1991 first-quarter loss of US$32 million (5556.6 million) or 32
      Reuter  -  249 words
    • Article
      Lock icon Kellogg chairman expects company to better 1990 results
      272 5 Reuter KELLOGG Co's chairman and chief executive officer expects 1991 net earnings to exceed the U*****.8 million (SsB9o million) or US$4.l6 a share reported last year. Speaking at a press conference in Battle Creek, Michigan, following the company's annual meeting last Friday,
      Reuter  -  272 words
    • COMPANY BRIEFS
      • Article
        Mitsubishi may build ethylene plant in China
        92 5 MITSUBISHI CORP is planning to help build an ethylene plant for China after it completes feasibility studies, a company official said. He said it may take several months before signing an official contract to start feasibility studies. The Nikkan Kogyo Shimbun, a major
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      • Article
        Colgate-Palmolive record sales
        63 5 COLGATE-PALMOLIVE Co said record first quarter sales and earnings reinforced confidence in the company's long-term growth strategy. "I am encouraged by our 6 per cent worldwide volume growth as well as by the fact that, despite difficult US economic conditions, both of our major domestic operating units
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      • Article
        Interhotel chain up for sale
        61 5 THE INTERHOTEL chain that once earned considerable foreign exchange for Communist East Germany will be be sold to western concerns shortly. A spokesman for Treuhand, in charge of privatising the economy in the east of reunited Germany, said a range of west German and foreign
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      73 5 ith Singapore Airlines Swiftrider your cargo need arrive just 2 hours* before the scheduled time of departure. Late close-out time, priority handling and early delivery mean SinGAPORE AIRLinES CARGO m fiifTTH in rn your cargo gets to enjoy speedier, even more reliable service. Prom Airport to Airport. City to City.
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      Page 5 Advertisements Column 2
      43 5 PERTH ADELAIDE MELBOURNE CANERRA SYDNEY N9ANE DARWIN PROPERTY INVESTMENTS IN AUSTRALIA Are you looking for high-yielding investment opportunities in Australia? Our representative from Australia will be in Singapore on the 29th and 30th April for private presentations and consultation. For appointments, please contact:
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  • FINANCIAL NEWS
    • Article
      Banks, brokers in Singapore keen on currency options
      433 6  -  Players warming up to potential of options By Chew Eng Han INTEREST in currency options in the Republic is growing rapidly. "Players in Singapore all realise that options are an important part of trading foreign exchange on a global basis. To maintain
      433 words
    • Article
      Indonesian bank getting US$37m ACU loan
      233 6  -  By David Chew PT BANK NIAGA, a leading private exchange Indonesian bank, will obtain its first international credit in the form of a US$37 million syndicated loan today through Singapore. Bank Niaga's debut into the Asian Currency Unit was well received by the lending
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    • Article
      Lock icon China lowers bank interest rates after syndicated bond deal
      557 6 Reuter THE People's Bank of China, China's central bank, has announced a cut in deposit and loan interest rates, a move seen as linked to a deal signed last Saturday by the government with a syndicate to underwrite state bonds and
      Reuter  -  557 words
    • Article, Illustration
      Lock icon Credit Lyonnais posts higher profits
      303 6 AFP FRENCH state-owned bank Credit Lyonnais said last Friday its consolidated net profit rose 18.5 per cent last year to 3.7 billion francs (about SSl.l billion) from 3.1 billion in 1989. Operating profit was up 16 per cent at 40.8 billion francs from 35.2 billion.
      AFP  -  303 words
    • Article
      Lock icon UK bank lending slows to a crawl as recession bites
      411 6 Reuter LENDING by UK banks and building societies collapsed last month as evidence mounted that Britain's recession was leading to a major restructuring of corporate balance sheets. "The bubble has been burst as far as the credit expansion is concerned,"
      Reuter  -  411 words
    • SMALL CHANGE
      • Article
        Taipei holds world's largest forex reserves
        51 6 TAIWAN'S foreign currency reserves have now surged above US$76 billion and the island now has the largest reserves in the world. The reserves have been expanding rapidly since the third quarter of 1990 and have risen by US$lO billion in a little over six
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      • Article
        Sale of savings association
        66 6 THE RESOLUTION TRUST CORP has approved the sale of the failed Imperial Federal Savings Association, based in San Diego, to the Bank of the West and Household Bank. The government agency said seven of the former Imperial Federal's 78 branches will not reopen today, but deposits
        66 words
      • Article
        Limits for junk bonds
        54 6 THE US NATIONAL ASSOCIATION of Insurance Commissioners (NAIC) has proposed new restrictions on the amount of junk bonds that insurance companies may hold in their portfolios. The NAIC has devised a "model" programme that it hopes will be put into place by member insurance commissions in
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      • Article
        DG's interest surplus down
        43 6 DG BANK Deutsche Genossenschaftsbank said its 1990 net interest surplus had fallen below 1989 levels because of German interest rate fluctuations. DG, which acts as clearing bank for Germany's cooperative banks, said its commission surplus had risen in 1990.
        43 words
  • Page 6 Advertisements
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      754 6 ■EJI B\R EAST LEVINGSTOIN BC SMPBUILDINC ITD FELS (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 25th Annual General Meeting of the Company will be held at the Board Room of the Company's Registered Office at 31 Shipyard Road, Jurong Town,
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      Page 6 Advertisements Column 2
      116 6 This announcement appears as a matter of record only BANK NIAGA (Incorporated In The Republic Of Indonesia) Cayman Islands Branch U.S. $37,000,000.00 Negotiable Floating Rate Certificate of Deposit due May 1994 Arranged by ASEAN FINANCE CORPORATION LIMITED Lead Manager N. V. De Indonesische Overzeese Bank (INDOVER BANK) Co-Lead Managers ASEAN
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  • Page 6 Miscellaneous
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  • Page 7 Advertisements
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      94 7 .Vr? i':. v ;.A-..: A £•-ttr- »-ii it; *3■£&*• -£*^'fe 4 s -ii r *r r H —i- '!}V >*' V. EPSON I U/9 ;**u->' .-w 1.- v!i > v t TnwTTiiTi 7M > >-144 yfiife '.'T *rZL >>V>K- '-•-.^iv-«-3®B®SW vr z.~\' It'sß e enlfeafflcefeH a d This. Many Happj
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  • THE REGION
    • NOTE BOOK
      • Article
        Call to pay for tropical green lungs
        83 8 DEVELOPED countries of the world should consider paying compensation to Malaysia and other tropical countries for preserving their jungles to become the "lungs of the world", Sabah Chief Minister Datuk Joseph Pairin Kitingan said yesterday. Speaking at the 20th world forest day celebrations
        83 words
      • Article
        Aquino on her successor
        105 8 PHILIPPINE President Corazon Aquino said yesterday she would prefer a successor who was competent and committed to democracy, adding that the state of the economy would be decisive in the 1992 election. The chances of the political opposition "depends a lot on how the economy is
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      • Article
        Thai army chief visits Indonesia
        73 8 THAI Army commander-in-chief Suchinda Krayprayoon has left Bangkok for Indonesia for a familiarisation trip that will also take him to the Philippines and Brunei, an army spokesman said yesterday. General Suchinda, deputy chairman of the National Peace-keeping Council, the official name of the junta, is
        73 words
      • Article
        Thai gypsum venture in Dubai
        81 8 A THAI gypsum firm has reached agreement in principle with the Dubai-based Mosaco company to set up a US$3O million joint industrial project in Dubai. Panlert Suthapakt, export manager of Thai Gypsum Products Company, said the project to manufacture gypsum board and plaster would be
        81 words
    • Article, Illustration
      Tallest Thai building project on track
      685 8  -  Rangsan close to buying prime riverside land in Bangkok From Michelle Rowe in BANGKOK PLANS KOR THAILAND'S tallest residential building took a step forward when the man behind the project. Assistant Professor Rangsan Torsuwan, said he was close to securing a 900-million-baht (Ss62 million)
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    • Article
      Thai minister wants best deal for phone project
      321 8 THAI TRANSPORT and Communications Minister Nukul Prachuabmoh has vowed to strike "the best deal possible" for the government in the 150 billion baht (5510.3 billion) private scheme for the installation of three million telephone lines. He expected to receive recommendations from a
      321 words
    • Article
      Group increases offer for satellite concession
      202 8 THAI TRANSPORT and Communications Minister Nukul Prachuabmoh has disclosed that the Shinawatra Computer Group had increased its financial offer for the government in the communications satellite project by about 100 million baht (556.9 million) following renegotiations. Permanent officials have already submitted the new offer
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      176 8 m wj( i »&V s' i... v PW* HMn »*.'«< try »'**•♦> *»',-wj w if*'-*-'. s**~ ;v- -v .t, Li jl B J ift iiaT**" Jh t Ji:. t M^i w^4o >r^' I INDULGE IN LIFE'S SIMPLE PLEASURES The 940 Estate from Volvo. A luxur> car designed to reflect your
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      Page 8 Advertisements Column 2
      71 8 ■Mr! fl Nv >> Pamper Your Secretary! Treat her to a sumptuous lunch at our Travellers' Palm 4 Restaurant for just $25.00 per person. Fabulous gifts and prizes to be won '\'s V** One Night's Acommodation O*A Rijsttafel Lunch for Two Buffet BBQ For Two I Give Her A Surprise
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      63 9 eft j '*■<5v,.7 t ~?fA r>: > n "<^^H ~J*<, I V X r *"f" yjr /^r j sB v row i xnox ia^M Ti*, ~3 i i m^H j* flf j I W9m\ 5 J v HHHHH BISBI Asian Computer Services |£i2l ,>u Ltd 10 Dundee Road W7 01
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      426 10 ?<m 'A. jfe St I f iii' J ft/ J I vWW.TOI OMMJ „3L iif Avvy I A Mr A ///A/ fl MnIB;: /ft C V:/v 4 'w- ff f M Hi Sifl n X/ X ram jPfKblr fa K/» .< I Am V'-v.>\ rv. HCfc/ .v jyf \r vf^i^££a^^&£j£j
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  • THE WORLD
    • Article
      Lock icon US firms winning battle of costs
      505 11 NYT IN A QUIET revolution, the US, long derided as an industrial has-been, has become one of the world's low-cost manufacturers lower in many industries than Canada, Europe and Japan. American factories now ship steel to Seoul, transistors to Tokyo, cars to Cologne and
      NYT  -  505 words
    • Article, Illustration
      Lock icon Pavlov pledges to tackle problems with 'anti-crisis' plan
      277 11 Agencies SOVIET Prime Minister Valentin Pavlov has said his "anti-crisis programme" to speed privatisation and ban political strikes will unravel economic chaos by the end of the year. But the Tass news agency, reporting a Cabinet meeting last Friday before the programme
      Agencies  -  277 words
    • Article
      Lock icon EC official proposes affiliate membership
      192 11 IHT THE EUROPEAN Community's senior foreign affairs official has proposed a new category of "affiliate" EC membership to help stabilise the continent's emerging democracies while not impeding further EC integration. Affiliate members would have EC rights and duties in certain areas, including seats in the
      IHT  -  192 words
    • Article, Illustration
      Lock icon Jitters over Japanese real estate
      492 11 Fears of impending land-price collapse IHT j FEW can avoid using hyperbole when talking about the Japanese real-estate market. Small wonder in a country where a square metre of land in Tokyo's glitzy Ciinza district sells for 38 million yen (SS490.000); where the aggregate value
      IHT  -  492 words
    • WORLD WATCH
      • Article
        Changes in Kuwaiti Cabinet
        74 11 KUWAIT, under pressure to form a more democratic government. last Saturday announced a new Cabinet with members of the ruling al-Sabah family keeping key posts. Radio Kuwait said Sheikh Salem al-Sabah was moved from the Interior Ministry to take charge of foreign affairs and also appointed
        74 words
      • Article
        Mulroney to reshuffle ministers
        76 11 C ANADIAN Prime Minister Brian Mulroney. his support trailing at record lows, is expected to announce a shuffle of key ministers in what is expected to be the most thorough abinet ma"keovcr since he took power in 19X4. He was expected to announce the new Cabinet
        76 words
      • Article
        New scheme for Pakistani taxes
        63 11 PAKISTANI Prime Minister Nawaz Sharif has announced a long-delayed new award giving provinces a population-based share in major taxes. He said in Islamabad last Saturday that his government would retain its current 20 per cent from a pool of five taxes income and corporate tax.
        63 words
      • Article
        China's rural businesses bloom
        56 11 CHINA'S rural enterprises showed a burst in production in the first quarter of this year but are unlikely to keep up the pace. The China Daily reported yesterday that rural industrial output increased in value by 27.4 per cent compared with the same period last year,
        56 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      164 11 GOOD IDEAS KEEP COMING UP Br tlis much adJaL mmm t"' .y I |1 Ql Ijt ienes Cassette Laptop t ompuiet computer Recorder TVIP TIPW TO-fOOO Manager Spreadsheet. Money Planner. To memory, language, 11IC 11CW programming, and game cards. With lots more on the way. Now Sharp expands its Electronic
      164 words
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  • ANALYSIS
    • Article, Illustration
      Continuing debate about migrants
      1398 12  -  The more extreme critics of Australia's business migration prograinme want it to be abolished. Whether or not they get their way will depend on the review now being carried out. Florence Chong reports Florence Chong EIGHT years after it was introduced, controversy continues to dog Australia's
      1,398 words
    • Article
      Lock icon New growth business
      1193 12  -  Bankruptcy is now gaining acceptance as a legitimate business tool rather than an emergency defence in a financial crisis. Jon Hurdle reports Jon Hurdle UPI Bankruptcy, its a dirty word that in the public mind has meant financial failure, commercial irresponsibility and even moral misconduct. But since
      UPI  -  1,193 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      116 12 MMMWOTHBY IHmWSRIH GMPKICMMMUIMBMZUI £s/ DIG HAL KEY TELEPHONE SYSTEM TYPES 308/512/824/1648 If s a wonder how this wizard can pack Synthesised voice message so many sophisticated features in so Headset and voice recording facility compact a size. Data terminal connection for LAN IDD password lock LD, OD private line connection
      116 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      37 12 DOONESBURY by garry trudeau ri™THl #ah? I mJetbh I Mr m HAK ov& mL#>T eerouroFmemtzmjsi-m w INPUSTV i I SKSv 1 raSE?I an? I HNPsoe LSmM Jf I i L JW>rMH* AWAY W TMNC> MOfZ PC MORE
      37 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      412 13 The Revolution THAT'S Unheard Of. R *ll« canon iH 111 \V |B| xIJ vJE**^ CIV bubble^ 1 > 1 0 _JI^H After today, you will probably never hear of dot matrix And deliver their outstanding print quality in Courier, Prestige printers again. Gothic cards are Because with the advent of
      412 words
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  • ENTERPRISE & MANAGEMENT 1
    • Article
      MEMOPAD
      415 15 Seminars and courses Duration I itle Venue Oryaniser lei April 22 Strategic Glass Hotel Dominion *****25 Budgeting In Conference's High-Tech Publications Pte Industries Ltd April 22 Speech Improve- Cilass Hotel Datasearch *****31 ment Skills Resources April 22 Disk Operating Management Singapore *****66 23 System (DOS) for House Institute of
      415 words
    • Article
      Lock icon Taking advantage of research
      1078 15 A look at how companies can get more out of research and development The Economist EVER since Charles Duell resigned as director of America's patent office in 1899, protesting that "everything that can be invented has been invented", corporate R&D departments have been doing their best
      The Economist  -  1,078 words
    • Article
      Managing Asean's human resources
      192 15 ASINGAPORE-initi-ated organisation linking personnel practitioners of the Asean countries will make its appearance next month in Kuala Lumpur. Malaysia's Prime Minister Datuk Seri Dr Mahathir Mohamad or its Human Resources Minister Datuk M Mahalingam will grace the occasion. The Asean Human Resource Management Federation will have
      192 words
    • Article
      Lock icon Can you stomach this?
      159 15 MP SF.VFN out of every 10 section managers of Japan's listed companies suffer from stomach ache, due apparently to overwork. A recent survey conducted by Daiichi Pharmaceutical I Co l td showed that some 72.6 per cent of the S(H) lowj er-lcvel male managers of companies
      MP  -  159 words
    • Article, Illustration
      Yoga and work-outs for lunch anyone?
      1287 16  -  Lunch time used to be a simple eat and drink affair with your colleagues. But then business lunches came along and now Lim Soon Neo discovers there are 'work-out' lunches as well Lim Soon Neo IT IS 12.30pm and most of the Economic Development
      1,287 words
    • Article
      Lock icon The Lone Ranger is overtaken by the pack
      439 16  -  Stuck in a rut? Being by-passed in the company? Mary Rowland reports on how you can pave your own way towards a promotion Mary Rowland NYT THERE has not been much good news lately for the US corporate population. Even those who
      NYT  -  439 words
  • Page 15 Advertisements
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      84 15 Management Consultancy Slf I I I T f 1/ Seminars And Training |K I I I I Business Assistance I L L I L II Manpower Recruitment CONSULT A N I S Business Centre Direct Mailing 7 TAKE a break m jj j f i. ft w *r"«sig (rri)(8o 420
      84 words
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      Page 15 Advertisements Column 2
      195 15 EjWJk m jrg Pickfords is a international local moving I rnmrvnv of OFFICE FACTORY REMOVALS A? if? any or DOCUMENT STORAGE &l RETRIEVAL Allied Van Lines. SERVICE I North America's WAREHOUSING ALL RISKS I leading movers INSURANCE a .ha EMPLOYEE-OWNED BUSINESS I #JE#J TURNOVER S$S BILLION SISTER COMPANIES SELECTED ALLIED
      195 words
  • Page 15 Miscellaneous
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      167 16 "Nobody ever said that doing business in Jakarta would be a bed of roses." "But they will now." «^b > 'x' v ?*p f? A businessman's wealth of the most highest high-tech fitness lot is seldom a rosy one. current news and complex, tennis courts Though the picture industry data.
      167 words
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  • SPORTS 1
    • Article, Illustration
      Bobo demolishes Derlin
      601 17  -  By Cassandra How SLOBODAN ZIVOJINOVIC showed no signs of a six* month lay-off when he blasted 11 aces past New Zealand's Bruce Derlin at the Epson Singapore Super Tennis yesterday. With his 6-1, 6-0 victory, "Bobo" (as he is fondly called) qualified for the main draw at
      601 words
    • Article
      Lock icon Seles to take on Fernandez in Slims finals
      320 17 AP TOP-SEEDED Monica Seles won the first 10 games and beat hard-working Sandra Cecchini of Italy, 6-0, 6-2 to gain the finals of the U*****,000 (*****,000) Virginia Slims of Houston tennis tournament on Saturday night. Sele6 will play second seeded Mary Joe
      AP  -  320 words
    • SIDE LINES
      • Article
        Jahangir fights, Jansher cruises through
        126 17 JAHANGIR KHAN, bidding to win the British Open title for the 10th year in succession, reached the last four with a crushing 9-3 9-0 9-0 defeat of England captain Bryan Beeson in just 35 minutes on Saturday. Beeson, the number 14 seed, was appearing in
        126 words
      • Article
        Prost, Alesi score
        77 17 FERRARI drivers Alain Prost and Jean Alesi were both inside the track record for the fastest lap during unofficial practice at the Imola circuit on Saturday. The two Frenchmen recorded their times while practising for the San Marino Grand Prix on April 28. Prost clocked one minute
        77 words
      • Article
        Rivero takes the lead
        78 17 SPAIhTs Jose Rivero shot a 5-under-par 67 on Saturday to take the third-round lead at the US$7BO,OOO International Open at St Mellion while Britain's Nick Faldo followed Masters champion lan Woosnam into the 80s. Faldo, a twotime Masters champion before handing Woosnam the green jersey at
        78 words
      • Article
        Maradona's appeal foils
        91 17 ITALY'S highest soccer tribunal on Saturday rejected an appeal by Diego Maradona to reduce his suspension for testing positive for cocaine, upholding the 15-month ban that will be honoured worldwide. In a three-line statement, the Federal Appeals Commission said it rejected "the appeal by Diego Armando Maradona".
        91 words
      • Article
        Hendry starts defence
        75 17 STEPHEN HENDRY made a successful start to the defence of his World Snooker Championship with an emphatic 10-4 victory over Australian Warren King at Sheffield on Saturday night. But Hendry, who compiled three century breaks on his way through to the last 16, admitted afterwards he had
        75 words
      • Article
        Nicklaus sets record
        69 17 JACK NICKLAUS shot a 3-under-par 69 on Saturday to take a record eight-shot lead after three rounds of the 52nd Senior PGA Championship in Florida. Nicklaus, who led by five strokes before Satuniay's play, saw his lead dwindle to one over Jim Dent at the turn before
        69 words
    • Article, Illustration
      Lock icon They're all rooting for George
      771 19 NYT IN HIS other life as a boxer, the other fighter always owned the crowd whenever George Foreman lost. Sometimes even when he won. Before dawn in Zaire in 1974, Africans chanted, "Ali, bomaye." meaning "Ali, kill him". On a steamy night in San Juan
      NYT  -  771 words
    • Article
      Lock icon Putting on a happy game
      479 19 AP IF THIS is a dream. Lan Bak-er-Finch hopes to miss the wake-up call. After a second-round 64, Baker-Finch shot a 6-under 65 on Saturday to tie the Heritage Classic record for the best 36-hole score. The 129 tied the mark set by Jack Nicklaus,
      AP  -  479 words
  • Page 17 Advertisements
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      Page 18 Advertisements Column 1
      95 18 1 I fl KV I I MM mBA PONT TO ONE BIG EVENT! 1 IfmK^i Yes! The Inaugural New Paper Big Walk is happening on Sunday June 16. Catering to both the serious and the social walker, it's THE fitness, fashionable and fun event of the year! With lots of
      95 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      161 19 Rem H Mf 7 H I Currency 1 month 6 months AUSTS 10.8125 10.5000 Jf NZS 10.1250 10.2500 I r US$ 5.9375 6.1250 I i Rate effective as at 19 April 91. U NATIONAL AUSTRALIA BANK LIMITED is a major Australian Banking Group with a branch right here in Singapore
      161 words
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  • Page 20 Advertisements
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      1284 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Treat Y»n> 1' f Secretary To Something Special Treat vour secretary to an authentic Penang Buffet Lunch and Fashion Show at the Princess Terrace Cafe. Even' $20.00+ you spend entitles you to a complimentary
      1,284 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      736 20 TELEVISION AND RADIO Afmim r»o11nrl \/Tolir»D I «M» Ji',. i STmI. SSSi'S',. business on radio LOWn tallCU IVldlltt 7.00 AM CHN International (D ,S SS£ittt—: BBC. 89.9 mH* in VHF Band II 830 Clos 9.00 News at Nine. 7.00 Cable News Network. 5.30pm, 3.25 am: Financial News Hi K 630
      736 words
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  • THE ARTS
    • Article, Illustration
      'Degenerate' art, deja vu
      877 21  -  In 1937, the Nazis mounted an exhibition of works they considered degenerate. Christopher Reed gets to see what the fuss was all about, at a partial reproduction of the Munich show in Los Angeles Christopher Reed WHEN the Na/is attacked the Berlin A c a d
      877 words
    • Article
      Lock icon Picasso's sketches for Parade reveal his thought process
      890 21 NYT PICASSO'S Parade, from Paper to Stage." at the Drawing Centre, 35 Wooster Street in New York. I is a footnote to one of the most brilliant j entertainments ever put on the stage. Consisting primarily of previously unpublished preliminary drawings by
      NYT  -  890 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      253 21 AND ENTEBTAIN A SECRETARIAL TREAT APRIL 22 TO 26, 1991 Treat your secretaiy to a superb lunch to show your thanks lor all her assistance during Secretaries' Week. Set Lunch: S$ IS. >0 Per Person UwLi taTeppanyakt Special: Ss-iO.OO Per Person s)bubertuo (j>nll Buffet Lunch: S$ >1.00 Per Person j
      253 words
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      Page 21 Advertisements Column 2
      91 21 < MINTON IhrKrol a u r a I /1 lunch appointment every secretary should hare in her chary. From April 22 2/. The Secretaries' Set Lunch (s3o++). includes homemade soup, unlimited helpings of salad, i r hoice of 3 entrees, dessert and tea or freshly brewed coffee Secretaries will also
      91 words
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      Page 21 Advertisements Column 3
      104 21 lis (i su/n <>l (jitalili/. j ken yc>ii re looltnhi lor quality. look lor the Rosette kvJU5f onlu those rest<iu ulto meet the highest stanJarJs of A.v/ cuisine receiie it vol vui i.?i i mi ?k.n \i nu ioi iovmnori ?i \i rant? IAC'K'S I'l.Al'l =TKAK lIOTSI 1111 l OMPA??
      104 words
    • Advertisement
      Page 21 Advertisements Column 4
      165 21 STCS£T!XRI'ES' iVT/EK from 22nd to I a i MARINA BAY GOLF COUNTRY CLUB 6 Marina Green Singapore 0101 For reservations please call: 221 -2811 I he freshest, liveliest seafood place in town. l(ou II have to go a long way to find seafood any fresher. Lunch: 12 noon 2.30 pm.
      165 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Blue chips, shipyards lead market rally
      5517 22  -  By S N Vasuki THE Singapore stock market staged an impressive rally last week, with the Straits Times Industrials Index advancing from 1,485.90 to 1,530.09 a rise of about 45 points. Contrary to predictions that it would be a dull and easy week, the
      5,517 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4193 23 Main Board SIA Foreign 1870 fill) +6.2% SPH Foreign 1270 +100 8.5% Jurong Ship50* 930 |00 +12.0% Scmb Shipyard 705 f 80 12.8% NatSteel 995 f 75 +8.2% DBS Foreign 1280 f 70 +5.8% OCBC Foreign 1160 f 70 +6 4% KeppelCWits 510 +66 14.9%
    4,193 words
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  • MARKET REVIEWS
    • Article, Illustration
      Lock icon Dow surges before pulling back
      896 24 Market may not have much further to go in the near term NEW YORK FT A COUPLE of traders, riding the elevators at Salomon Brothers last Thursday, had the happy but slightly incredulous look of men who had just won the jackpot at Las Vegas.
      FT  -  896 words
    • Article, Illustration
      Lock icon Stocks ease slightly in quiet trading
      282 24 AFP SHARE PRICES on the Tokyo Stock Exchange fell slightly in slow trading last week, with the Nikkei Stock Average posting a 40.53-yen loss to end the week at 26,541.97 yen. The Tokyo Stock Price Index (Topix) of all stocks listed on the market's
      AFP  -  282 words
    • Article, Illustration
      An ex-investor's perspective of the London market
      906 24  -  By Ray Heath THERE ARE many perspectives on stock market action. There is the view of the share trader (prices are going up because there are more buyers than sellers); the salesman (the recent correction has uncovered some good value, let me tell
      906 words
    • Article
      Lock icon ASIAN MARKETS ROUNDUP
      963 24 AFP UNCERTAINTY over Hongkong's proposed mammoth airport scheme drove share prices sharply down last week, with the key indicator dropping 2 per cent from the previous week. The Hang Seng Index fell below the psychological 3,700-mark barrier, losing 74.6 points to close the week's trading at 3,667.45
      AFP  -  963 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      244 24 mmmm ass THE BE ST O F AIRTROPOLIS CHANGI AIRPORT AIRTROPOLIS Singapore Changi Airport has been voted the best airport in the world... three times in a row. Overseas travellers recognise the airport for its fast, efficient and user-friendly facilities. From May 31, 1991, SPH newspapers will unveil a vivid
      244 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market snaps out of consolidation
      4423 25 AFP THE Kuala Lumpur stock market staged a recovery during the short trading period last week after the earlier spell of consolidation and correction. The market was closed on Tuesday and Wednesday due to the Hari Raya holidays. The persistent phase of correction in the
      AFP  -  4,423 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      120 25 NEWS TRAVELS 'jjf* b :<.- r >i. > y ALL ADVERTISING MESSAGES arc 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
      120 words
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  • WORLD STOCK MARKETS
    • Dow's rally heartens world markets
      • Article, Illustration
        NEW YORK
        1087 26 AFTER taking stock of several US companies' favourable quarterly reports, the blue chip Dow Jones index reached a record high last week, climbing above the 3.000-point mark in spite of the Federal Reserve's (Fed) failure to lower interest rates further. Driven down by massive profit-tak-ing, the Dow Jones
        1,087 words
      • Article, Illustration
        LONDON
        845 26 SHARES ended near their worst levels of the day on Friday on the London stock exchange, falling in step with Wall Street at the end of a week of depressing British indicators. After drifting in lacklustre trading for most of the session, falls gathered pace at the opening of
        845 words
      • Article
        PARIS
        239 26 THE Paris bourse suffered through a disappointing session on Friday, as the CAC-40 stock price index closed at 1,791.12 points, down 1.36 per cent on the day. It had opened with a 0.97 per cent fall. Operators said the rise of US long-term interest rates on Thursday evening put
        239 words
      • Article
        JOHANNESBURG
        358 26 GOLD SHARES closed weaker on Friday as prices for the precious metal lost ground ahead of the weekend, but most other sectors of the market were steady amid continued support for quality issues, dealers said. By the close, the JSE All-Gold Index had retreated to a preliminary 1041 after
        358 words
      • Article
        TORONTO
        250 26 TORONTO STOCKS tumbled in busy trade after the US Federal Reserve did not lower interest rates all week and Canada reported higher inflation in March, analysts said. "People are nervous about the market, that it's too high and overvalued." one analyst said. The composite index dropped 37.96 to close
        250 words
      • Article
        VIENNA
        62 26 SHARE PRICES in Vienna slid down in quiet weekend trading after lack of outside incentive as a result of weaker performances on foreign markets, brokers said. The Vienna Bourse Index fell 4.45 points to 589.41. "The market could not sustain the fact that the Dow-Jones Index could not hold
        62 words
      • Article
        BRUSSELS
        163 26 BELGIAN SHARES closed mixed with a lower bias in moderate trading, dealers said. The Bel2o index of leading shares shed 49.45 points to 1,162.70. Energy and communications holding company Tractebel, which announced a fall in 1990 consolidated net profit but an increased dividend, closed 10 francs lower at 8,750.
        163 words
      • Article
        AMSTERDAM
        386 26 IN A WEEK when Dutch shares notched up two 1991 closing highs, they could only end with a whimper caused by the expiry of April series options. The CBS General Tendency index, having made progressive highs of 97.1 on Monday and 97.3 on Wednesday, closed at 96.0 on Friday,
        386 words
      • Article
        ZURICH
        353 26 SWISS SHARES recovered from a weak opening to close steady in mostly quiet, pre-weekend trading. Dealers said there was only a short active period when expiring SofFex options brought some life into otherwise dull trade. Trading in Sandoz was also lively. The All-Share SPI index rose four points to
        353 words
      • Article
        MILAN
        163 26 ITALIAN shares closed up after gains in the insurance sector fed through to the rest of the market and forced the Milan bourse higher after a weaker opening. Brokers said progress in insurance shares, in particular Generali, boosted banking stocks before spreading to other blue chips. Fiat and CIR,
        163 words
      • Article
        Lock icon FRANKFURT
        169 26 Agencies FRANKFURT stocks ended the week with a moderate loss on Friday, as the DAX spot trend indicator shed 14.39 points during the session to end at 1,599.37, down 0.89 per cent from the Thursday close. The Commerzbank indicator finished at 1,923.3, a loss of 16.6 points. Operators blamed
        Agencies  -  169 words
      • Article
        INDICES & TURNOVER
        94 26 INDICES TURNOVER NEW YORK Clmc Previous \pril 19 Dow Jones NYSE Financial SAP 500 Turnover (million) 2.965 59 2.999 26 155 03 157.13 384.20 388.46 195 5 217.4 -33.67 -2 10 -4.26 -21 9 LONDON Financial Times 30 FrSE 100 Turnover (million) 1980.1 2520.1 4658 1.996.4 2.538 4 796 3
        94 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      78 26 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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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon US$ at 16-month high against mark
      558 27 NEW YORK Reuter A MARKET hungrs for dollars and uncomfortable with the mark rallied the US currency last Friday to its highest closing level against the mark since December 1989. "There was further erosion of the mark. and tremendous dollar demand," said Axel Covin,
      Reuter  -  558 words
    • Article
      Lock icon Dollar gains against most Asian units
      643 27 ASIAN CURRENCIES AFP MOST Asian currencies slipped against the US dollar last week with only the Philippine, South Korean and New Zealand units gaining against the greenback. An improved balance of trade in the US for February spurred dollar-buying in Japan, where the local
      AFP  -  643 words
    • Article
      INTERBANK FOREX RATES
      429 27 Cross rates ,v P r 20 USS SS M5 Dm Yen Sir AS N/S USS 1.7770 2.7500 ***** 138.40 0.5805 146X8 I "018 SS 0.5627 1.5476 0.9775 0.7788 0 3266 0.8266 0.7291 0.9577 VIS 0.3636 64.62 0.6316 0 5033 0.2111 0.5341 0.4712 ***** Dm 0.5757 1.0230 1.5832
      429 words
    • Article
      MONEY MARKET
      581 27 Interbank rates SS Bid Offer Overnight 5 5/8 5 3/4 1-month 4 11/16 4 13/16 2-month 4 3/4 4 7/8 3-month 4 13/16 4 15/16 Overnight mode: 5 LS$ Hitch Ijiw 7 days 6 l/H S |V|i, 1 month 6 1/16 5 13/16 2 months 6 1/8 5
      581 words
    • Article, Illustration
      Lock icon Yugoslav dinar devalued in bid to help economy
      462 27 Exchange rate fixed at 13 dinars to one mark Reuter YUGOSLAV Prime Minister Ante Markovic has announced a 30 per cent devaluation of the dinar against the German mark to try to halt the country's slide into economic collapse. He told Parliament
      Reuter  -  462 words
    • Article
      Lock icon Call for positive interest rate yield curve in NZ
      248 27 Reuter NEW ZEALAND must move quickly to a positive interest rate yield curve, along which short-term wholesale interest rates fall below those for long-term instruments, to help boost investment, says Fletcher Challenge Ltd's group treasurer. "If we are going to have
      Reuter  -  248 words
    • Article
      Selling hits precious metals
      522 27  -  GOLD FINANCIAL FUTURES REPORT Sing Bullion SPOT GOLD opened at U*****.00/U*****.50 last Monday and, aided by strength in silver, refused to slip below this level despite the pressure exerted by the rising US dollar. Factors which supported silver included reports of Swiss and option related short-covering,
      522 words
    • Article
      FINANCIAL FUTURES
      330 27 IMM Apr 19 DEUTSCHEMARK Open High Low Sett Vol Op/lnt Jun 91 0 5778 0.5806 0.5725 0.5733 <8 «7 74 521 Sep 91 0.5735 0.5761 0.5682 0.5691 EURODOLLAR Open High Low Sett Vol Op/lnt Jun 91 93.59 93.67 93.56 93.64 211.290 792 074 Sep 91 93.28 93.33 93.23
      330 words
    • Article
      PRIME LENDING RATES
      505 27 BANKS ABN Bank 8 Allied Irish Bank PLC 8 American Express Bank 8 Am'Dam R'terdam Bank 8 Arab Banking Corp 8' Arab Bank PLC 7'/« ANZ Banking Group 8 Ban Hin l« Bank 7V« Banca Commerciale 8 Banco do Brasil 8 Bangkok Bank 7V« Bank Bumiputra 8
      505 words
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  • COMMODITIES
    • Article
      Lock icon Peru announces tax breaks for mining industry
      382 28 Reuter PRFSIDFNT Alberto Fujimori declared Peru's mining industry, battered by an overvalued inti currency, high costs and political violence, in a state of emergency and announced tax breaks for small and medium firms. "For my government the mining industry is a priority and
      Reuter  -  382 words
    • Article
      Lock icon Malaysia launches new grade of crude
      302 28 Reuter MALAYSIA, a major nonOpec oil producer, will launch a new grade of crude oil today which could boost production capacity by over 70,000 barrels per day (bpd). The Dulang crude from a field off Malaysia's northeastern coast, to be launched by Prime Minister
      Reuter  -  302 words
    • Article
      Zinc prices soar on LME before falling back
      910 28 REPORTS THE main action last week on commodities markets was on the London Metal Exchange (LME), with zinc for immediate delivery surging as a result of technical tightness before reversing gains even more quickly. The technical tightness was thought to be the
      910 words
  • Article
    PRICES
    1196 28 Rubber RAS (Mb in bales) S cents/kg Int 1 RSS Apr 15 Close Apr 16 Apr 17 144.75 Apr 18 144.75 Apr 19 145.00 MRELB (fob in bales) M cents/kg Int 1 RSS Apr 15 Close Apr 16 Apr 17 Apr 18 225.00 Apr 19 225.50 LONDON Apr 14)
    1,196 words
  • Page 28 Advertisements
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      855 28 BUSINESS TIMES [ELEPHONE 730 5771/5772/5773 FAX: 734 4982 NOTICE NOTICE IS MfcßtßV GIVEN that I MDM LIM CHWEE POH of No 1018 Upper Cross Street *24-01 People s Park Centre Singapore 0105, for a Beer house, second class I'i'once m respect of premises at M/s SINGAPURA NASI PADANG at Block
      855 words
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      Page 28 Advertisements Column 2
      273 28 IN lIIK MATTKK OK TIIK COMPANIKS ACT, CAP. it. ANI) IN TIIK MATTKK OK til AN BKK INVKSTMKNT I*TK LTD (IN MQI IDATION) (MKMBKKS* VOLUNTARY UINDINti I P) NOTICK IS lIKRKBY OIVKN that the creditors of the above Company which Is being voluntarily wound up, are required on or before
      273 words
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      Page 28 Advertisements Column 3
      75 28 BUSINESS TIMES TELEPHONE: 730 5771/5772/5773 FAX: 734-4982 SOON SIN KLSHKRY ANI) TKAIMNO PTK III) (In MrmbrrV VolunLarv IJquMtttM) KIN \l. MKKTINO NOTICK IK lIKRKHY OIVEN THAT the final meeting of members will be held at 80. Albert Street, 307-05, Albert Complex. S'pore 07IH on the 22nd May 1991 at 10
      75 words
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      Page 28 Advertisements Column 4
      81 28 MIDLAND BANK (S) LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) ot the Companies Act Cap 50 that the Final Meeting ot Members ot the above named Company will be held at the offices ot Messrs Ernst Young tO Collyer Quay •21 01. Ocean Building.
      81 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1168 29 City night ETA Flight ETD City Flight ETA Flight no Adelaide SQ228 1905 SQ227 2200 671 1800 SQl 14 1745 Amsterdam KL841 SQ23 1055 1240 KL842 2035 SQl 13 MH6I3 MH6I5 SQl 15 1805 1850 1945 2005 SQl 16 MH614 SQl 18 MH6I6 1845 1850 1945
    1,168 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Easy life in a sleepy backwater
      687 29  -  POSTCARD FROM SABANG By Michael Richardson AT DUSK, as the sun dips behind the western arm of Weh island, the dominant sounds in this port are the lapping of seawater against the rusting cast-iron legs of a pier that skirts the shore and the
      687 words
    • Article
      MONEY CHANGER RATES
      154 29 As at 3pm on Apr 19: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.363 1.383 Canadian dollar 1.S22 1.532 NZ dollar 1.035 1.065 Sterling pound 3.070 3.100 US dollar I.77QQ 1.7800 lixal dollars to 100 units of foreign currency Austrian schilling
      154 words
    • Article
      WORLD TRADE EXHIBITIONS
      64 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel April International Florence. SOGF.SF S.p.A *****9721 \pril 28- International London The Building *****6-1951 20-May I Handicraft Italy N 'ay 2 Food Drink Trades Fair Exhibition Exhibition l td April International Frankfurt, Messc Frankfurt *****5750 May 8-11 omputer
      64 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      42 29 Only Finnair would fly round in circles to London. Every Tuesday and Friday from Singapore to Helsinki and on to London via The Great Circle Route. Get round to calling us today. The number's *****77 We know Kurope from start to Finnish.
      42 words
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      Page 29 Advertisements Column 2
      81 29 WARRIORS No promotions, no revised pay scales for these "cops". They 36 German sheperds, 22 Labradors, three spaniels, two Border Collies and six Belgian sheperds are the unsung heroes of the Singapore police force. Drug carriers, illegal immigrants and armed miscreants dance to their woofs. Today, The New Paper tells
      81 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      289 29 Dancc. Dance 10 European capitalist is right to convert Arabian ~~"HH" ~~■M~ 11 Yachting enthusiast takes ■■12 I I in single artisan (9) boy trade 14 centre in Laurie Lee's village (5,3) I I 13 Pole who became Prime Minister England 15 Established bazaar likely 19 j j j to
      289 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      215 29 Singapore Outlook: Showers over many areas in tkte late afternoon and early evening. Forecast: Maximum temperature 33.CTC Assoc humidity 66% Minimum temperature 26.1T Assoc humidity 97% Hours of sunshine 5.35 Rainfall in mm trace Rainfall this month 101.0 Rainy days this month 9 World forecast Asia-Pacific Hi/Ix)* Cond. Auckland 20/14
      215 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      17 29 -SiGH/ skid Rou) neße^e A'n Tweßc one come V OR uecx-j Q4IO C EVENING 3TANOARO CO LTD
      17 words
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  • Article
    Total trade up 11.2pc in first quarter to $54.5b
    428 30  -  Weaker showing than for same quarter last year By William Chia BUOYED by double-digit growth in imports and exports, Singapore's total trade in the first quarter of the year grew by 11.2 per cent over the equivalent period last year to
    428 words
  • Article
    Lock icon Japanese business team in S Africa
    113 30 Asahi A POWERFUL Japanese business lobby was scheduled to arrive in South Africa yesterday in a sign of Japan's willingness to improve relations with the country keidanren, or the Federation of Economic Organisations, was sending the mission to get a firsthand look at social
    Asahi  -  113 words
  • Article
    Lock icon Mubarak, Baker meet amid signs of deadlock in peace efforts
    239 30 Reuter US SECRETARY of State James Baker met Egyptian President Hosni Mubarak in Cairo yesterday amid signs that his search for a Middle East peace breakthrough is getting bogged down in procedural disputes. Mr Baker, on the sixth day of
    Reuter  -  239 words
  • Article
    Bank Rakyat running rep office
    348 30  -  Eight Indonesian banks now have offices here By Quak Hiang Whai INDONESIAN banks continue to raise their international profile, with another banking group now operating a representative office in Singapore. State-owned Bank Kakyat Indonesia set up its representative office at 6 Battery Road last December
    348 words
  • Article, Illustration
    Cosmic help for India's politicians
    41 30 India's politicians, worried about how the toting will go in next month's elections, are being offered help from the stars. I his New Delhi poster advertises astrologers who predict everything from marriage partners to election results.
    41 words
  • Page 30 Advertisements
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  • Shipping Times
    • Article, Illustration
      Norwegian liner to give S'pore bigger regional role
      418 31  -  By Magdalene Phang HOEGH-UGLAND Auto Liners (HUAL) plans to promote Singapore as a regional marketing centre in its liner services operating in the Far East. General manager Per Gustav Lyngas told BT' that political stability and steady economic growth are good reasons
      418 words
    • Article, Illustration
      Lock icon Low traffic and shortage of workers continue to hit Aqaba
      570 31 Reuter JORDAN hopes its Red Sea port of Aqaba will spring back to life once United Nations sanctions against Iraq are lifted, but it may not have the labourers to handle a surge in shipping, shippers say. They say traffic
      Reuter  -  570 words
    • Article
      Lock icon Diver seeks treasures in M'sian waters
      324 31 UPI AT LEAST 93 warships and seven vessels laden with treasures and artifacts worth billions of dollars are lying on the ocean floor in Malaysian waters, a civil engineering diver said last Friday. Stanley Yeong, a specialist in salvage operations with Subsea Marine and
      UPI  -  324 words
    • Article
      Madras port to get $380 million facelift
      424 31  -  From Shirish Nadkarni in MADRAS DEI.AY in finalising the eighth l ive-Year Plan has severely hit Madras port development. Until India's elections are over and a new government takes charge, work on the ambitious 4.37 billion rupee (SS3BO million) programme drawn up by
      424 words
    • Article
      Lock icon Vietnam may lease AsiaSat transponder under memorandum
      189 31 AFP THE Hongkong-based consortium running Asia Sat 1, Asia's first commercial satellite. has signed a memorandum of understanding with Vietnam for possible lease of a satellite transponder, the firm said last Thursday. Under the terms of the memorandum signed on March 25. Vietnam's
      AFP  -  189 words
    • NEWS SUMMARY
      • Article
        Protectionism clouds Hongkong skies
        53 31 THE Hongkong government has been accused of placing restrictions on some air carriers to benefit Swire Pacific, which has a controlling stake in the colony's flagship airline, Cathay Pacific. These limitations are draining millions of dollars from the economy and affecting air services agreement talks with
        53 words
      • Article
        Profits for this year unpredictable: Moeller
        44 31 DANISH shipping, oil and gas group AP Mocller said its results for 1991 were unpredictable at this stage and would depend on how the global business climate develops and its effect on freight and currency rates Back Page
        44 words
      • Article
        BA chief expects slow travel recovery
        33 31 BRITISH AIRWAYS chief executive Sir Colin Marshall said the carrier's passenger volume was not expected to return to pre-Gulf War levels until September or October.. Back Page
        33 words
      • Article
        S$44b phone contract botched: US Congress
        33 31 MEMBERS of the United States Congress say federal administrators mismanaged a 5544.2 billion contract for a long-distance telephone service and cost taxpayers millions of dollars Back Page
        33 words
      • Article
        Nedlloyd predicts more operating losses
        23 31 KONINKLIJKE Nedlloyd Ciroep expects continuing operating losses in its core container shipping and road transport businesses Back Page
        23 words
    • LOG BOOK
      • Article
        Tanker collides with ship, killing two
        81 32 I VVO PEOPLE were killed in a collision between a Panama-nian-registered oil tanker and a Chinese passenger ship off southern China, the tanker's agent in Hongkong said on Wednesday. The dead were passengers aboard the Mudan. owned by the maritime bureau of China's Guangzhou
        81 words
      • Article
        Moody's downgrades bonds
        62 32 MOODY'S INVESTORS SERVICE Inc said it downgraded US$ll2 million of the senior notes and industrial revenue bonds of American President C os l td to BAI from BAA 3. The action reflects Moody's view that the above-average industry risk in container shipping and the maturing domestic stacktrain
        62 words
      • Article
        Cargo unloaded from bulker
        79 32 CARGO is being discharged from the damaged 65,767 dwt Greek bulker Angelic Spirit at San Pedro. California, Lloyds Shipping Intelligence Service said. The vessel, bound for Ghent from Vancouver, was surveyed afloat at Long Beach on April 14 after being in collision with the 78.736 dwt
        79 words
      • Article
        Cracking unit restarted
        64 32 STAR ENTERPRISE, a joint venture between Texaco Inc and Saudi Arabian Oil Co, said a 80,000-barrel-per-day fluid catalytic cracking unit at its Port Arthur refinery was restarted last Monday and should reach full output in a couple of weeks. The unit, which produces petrol and other light
        64 words
      • Article
        Refloating of Narvik delayed
        32 32 THE REFLOATING of the grounded Norwegian ro-ro ferry Narvik off Norway has been postponed, Lloyd's Shipping Intelligence Service said. Divers are repairing hull damage to the port side.
        32 words
      • Article
        Cypriot ship arrives at San Juan
        58 32 THE CYPRIOT VESSEL Tuscan Star arrived at the Puerto Riean port of San Juan with its main engine damaged. Lloyd's Shipping Intelligence Service said. The 9,315 dwt refrigerated vessel, bound from Zeebrugge for Costa Rica, had a series of breakdowns commencing on March 29
        58 words
      • Article
        Germany exports fewer cars
        51 32 GERMAN CAR EXPORTS fell in March to 194.800 vehicles from 285,255 in March 1990, representing a drop of 32 per cent, trade figures showed last Wednesday. Car output in March was 6 per cent down on the same period in 1990, the German Federation of Manufacturers
        51 words
    • Article, Illustration
      Lock icon Protectionism darkens HK future
      1075 32 The Hongkong government is being accused of placing restrictions on some air carriers to benefit Sw ire Pacific, which has a controlling stake in the colony's flagship airline. Cathay Pacific. These limitations are draining millions of dollars from the economy and could put Hongkong in a
      UPI  -  1,075 words
    • Article
      DAILY FREIGHTS
      1149 32 CHARTERING in the dry cargo freight market on Thursday was supported by talk the Soviets had fixed one trans-Atlantic vessel, which was later confirmed, and were looking for more ships, brokers said. The booking was made by the Soviet grain purchasing agency Fxportkhleb for a 50.000 wheat cargo
      1,149 words
    • Article
      TRANSPORT DIARY
      978 32 April 25-30: 46th International Federation Air Line Pilots-Asso-ciations (Ifalpa) annual conference. hosted by Air Line Pilots Association Singapore. Rallies City Convention Centre. West in Hotels. April 29-30: Seminar on International Trade Practice Commercial. Operations and Financial Aspects, organised hy Facs World Pte Ltd at Carlton Hotel. For further
      978 words
    • Article
      THE SHIPPING GUIDE
      9055 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      9,055 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        611 47 1 Vessel Voy No Berth Arrival Departure Keppei Wharves CS Ocean 72 H34 alongside 2304 2300 Mighty Star 02. 91 M2A 2204 1515 22 04/2359 F rota mania J8WB C09 2104 1830 Saf. Batam S54 M5A 2204 0900 2304/2300 told Future 10V» K30 22 04 0600 s
        611 words
      • Article
        CONTAINER SCHEDULE
        1011 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From AJh Columbu ***** 22/2200 1 21/1500 21/1659 21/1900 2 21/1700 22/0659 22/0900 Anro Melbour ***** 23/1500 1 21/1500 21/1659 21/1900 3 22/0700 22/1159 22/1400 4 22/1200 22/1459 22/1700 As
        1,011 words
      • Article
        IN MALAYSIAN PORTS
        164 47 Penang Port Berth n Butterworth on Apr! 21: 1 Victory. 2: Waris Cipta. 3 Santos. 4 nil; 5 Shang Cheng: 6 Goncharov. Sea Laurel Penang Wharf: NB Hsmting Po No 320: CB: ml; SB nil BCT: nil VOIP: ml In the roads: Gadis Langkasuka. Pearl One. Bangluang.
        164 words
    • Article
      Lock icon Profits for 1991 unpredictable, says Moeller group
      383 48 First quarter sees major fluctuations in operations Reuter DANISH shipping, oil and gas group AP Moeller said in Copenhagen that its 1991 results were unpredictable at this stage but would depend on how the international business climate develops and its effect on freight
      Reuter  -  383 words
    • Article, Illustration
      Lock icon BA chief sees slow travel recovery
      522 48 Reuter BRITISH Airways pic chief executive Sir Colin Marshall said the carrier's passenger volume was not expected to return to pre-Ciulf War levels until September or October. "There's not much possibility of returning to pre-war levels before the fall," he told reporters after a
      Reuter  -  522 words
    • Article
      Lock icon Officials botch S$44b phone contract: Congress
      432 48 NYT MKMBF.RS of the United States Congress asserted on Thursday that federal administrators had mismanaged a US$25 billion (5544.2 billion) contract for long-distanee telephone service to the government and cost taxpayers millions of dollars by steering a disproportionate share of the business to US
      NYT  -  432 words
    • Article
      Lock icon Nedlloyd predicts more losses in core businesses
      208 48 Reuter KONINKLIJKE Nedlloyd Groep is expecting continuing operating losses in its core container shipping and road transport businesses in 1991. "We expect that the activities of both container logistics and land transport will produce better results in the current year than was the
      Reuter  -  208 words
    • Article
      Lock icon JAT ends strike with replacement of top managers
      171 48 UPI JAT. the Yugoslav national airline, resumed operations last Thursday after about I.(KK) technicians and other ground staffers ended a week-old strike following the replacement of the managing director and his deputy. The strikers' demand for the ouster of the two administrators
      UPI  -  171 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      237 31 ECS MARINE AUTOFAX (UK) 1 j|fi| SERVICES INCLUDES H8 1. CREDIT REPORTS 2. CHARTERING REPORTS 3. PAY MENT INDEX 4. VESSEL TRACKING Call 2241 890 for FREE Demostratlon Package 3 Container Schediie 17 Daily frwghts 2 We* to Advertiser 3 Shipping Gmde 10.11 Ships in Port 17 Singapore Tries 17
      237 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      117 32 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and 1 j relevant h<K)k reviews. I Sj ENTERPRISE MANAGEMENT, in Business Times every Monday, is must "V do-""' reading for managers who want the l—
      117 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2380 33 AMbIVA 200 Cantonment Road #12 05 Southpuint, Singapore 0208 \llVfr tel *****11 TtIEX NO RS WHKTTVWWk 11rminal. cfs rei *****18 220 rCCDUU'I BOOKINGS Tel *****34 258 L vDQy M ksaka shipping agencies PORT HUANG TEL *****18 TEIEX MA***** MA***** PENANG TEL *****4 TELEX NO MA4OO/3 CFS TEL *****6 P..Ju:.,>..<l h,
      2,380 words
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      Page 33 Advertisements Column 2
      1287 33 INDEX T^WKTjSERS I'ilßl- 1)1 I'ilKl' (ill lA| I M ABC Containerline 12 1 M+ R Krwdg 13 1/2 Accord Group 8 1-3 Vlac-Nels Agencies 14 1/2 AFS 15 2 Macoline 4/5 Ahrenkiel Liner 16 3 Madju Sdn Bhd 15 1/2 Alfred C Toepfer 15 5 .Macrskline 3 4/5 Allied-l ink
      1,287 words
    • Advertisement
      Page 33 Advertisements Column 3
      2472 33 mamsnmsm TRANSIT TIME FROM SINGAPORE TO HONG KONG 4 DAYS I Veu«i Voy ETA I ETD "Port "('ening I DESTINATIONS Singapore Keimg Th«« lout* 9*04 r««x]«r crs 73 4 two HRS OAK LGB HOU MFM ATL M<A CHS BAL PHL NYC MON TOR LOUIS MAERS* 9104 I 4 I r,
      2,472 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1367 34 Irottedaml VOV NO SPOHF SOUTHAMPTON HAMBURG ANTWERP LE HAVRE WBBBB HANNOVER EXPRESS 02/315 23 4 9/5 11/5 14/5 15/5 ETTmQ KATSURAGI 05/116 26/4 16/5 14'5 13/5 THAMES 05/316 26 4 14'5 16/5 19/5 20/5 I. ALL WESTBOUND P. LA SEINE 01/11' 2/5 23/5 21/5 20/5 UUMt 6 KNAM CARGO CGM
      1,367 words
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      Page 34 Advertisements Column 2
      600 34 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT I J BONTANG ?103E 25/4 12/5 15/5 20/5 AISO ACCEPTING CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA ft NUKUALOAfA DIRECT CHILE SERVICE SIN IQO ANF VAP CLX SAI (Pt.RU) L J BONTANG 2103 C 25.4 3/6 4/6 7/6 9/6 10/6 Agents
      600 words
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      Page 34 Advertisements Column 3
      1524 34 E3 TOBfIBIA sm BMB regular moepenoent full contamer service WESTB6und for euAOPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALC) HAM) ROT) ARABIAN SEA 108W 30/04 19/05 20/05 24/05 25/04 26/04 27/04 21/04 29/04 NORASIA SUN 9109-3 06/05 26/05 27/05 31/05 01/06 02/06 03/06
      1,524 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      2234 35 j ®jSsteamers Maritime Holdings Lid P&O PTSSiEf^Mff Containers tsum t^akmtmmm r [WlfMJltHiW>ti'lwaiiniKMiii!iiiti«iiM 811 Mill Bill HI IB tl M ll IB W I lll>'l |M ■HlUlißlHiyillHHlillillllMUiMlliHi J *c» No ♦Pm Pill S po,- M( Sou Art Rot Htif ACCEPTS DUE SAILS LtDA VIA' ?SH -Hdb 20(04 2201 .'404 t»«5 12l»
      2,234 words
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      Page 35 Advertisements Column 2
      2132 35 ["TO: US.A./PANAMA FM: U S A /PANAMA NYC NOR SA» C«l It® OAK sp oak ica cm rt» sav nyc c »oyanc f»okiii» *a ui U/i M M "J «<J BftIMCN SINATOA EF 11/ tfi »4 W OS* OAKLAND «A 111 3« 4 a CKOtANG SUCCESS IF Ul U/S VI
      2,132 words
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      Page 35 Advertisements Column 3
      455 35 I STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS vessel voy sp Tpk I kuc |~kk EASTERN PEARL~ 3 {Sid Sid COSMIC CHALLENGER 6 24l sid Tsid" CHAMPION TRAOER ~16 Sid AMBALIKA 60 Sk) TWIN SISTER 6~ ~Sld TANJUNG EMAS 15 TTpt 2U SONBAI 6 "261 COSMIC TRADER 17
      455 words
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      723 36 SBBB CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSIVOY I S PORE RDAM ADAM H BURG BRUttN ANTWtRP KIiTAI 22W8 8(5 W M,« 1W W FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sub|*cl to Irtducamant Also accepting cargo lo Casablanca, Port Said. Port Ale.andrla Genoa. Trlasta AISO ACCEPTING BOTH
      723 words
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      Page 36 Advertisements Column 2
      1248 36 W ift M, HANJIN SHIPPING IT l, tu IFEEOER VSL SIN LINE HAUL LAX OAK MANItN tonphaf nmw fHANJIN OAKLAND 01JE tit* H ROTTERDAM 014E 20 523 b <* -C "I BhANJIN ROTTERDAM OHE »4 DIRECT »i Ui 2JLVm SStT t 00 W S V 7 4 IhANJIN SEATTLE OUE
      1,248 words
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      Page 36 Advertisements Column 3
      1581 36 IPKL SCP HKC KSC KLG PUS HKT OSK NCY SM2 TYO LA* CHS B*L NYC LHV ANW ROM THP HBC PSD CMB PKI SGP I E GOLDEN RE OJO 214 25 1 25 15 65 #5 IDS 115 12 4 US .'4 5 56 .'6 <il 186 196 206 21-6
      1,581 words
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      1937 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) jrl BOOKINGS: 4TJF UK/EUROPE SERVICE-*****19 USA SERVICE *****16 AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE *****48 ■Hpw mm mm terminal office-*****22 documentation dept: *****44/*****14 CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 535 NEPUNE SDN BHD MALAYSIA KL.-(03)*****33, P. Kelano-(03) *****07,
      1,937 words
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      Page 37 Advertisements Column 2
      1173 37 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUNO LOADING FOR WESTBOUND ¥tssus p* fSji vov |si* |p*i hbg bhv Tii rtm ant Ibci
      1,173 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      1466 38 y>M AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) w m TEL: *****77 TELEX KAWAKI R*****5 FAX *****79 Mj MALAYSIA 'IT UNE MARITIME (MALAYSIA) SDN BHD M TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 ■■■■ft KAWASAKI KISEN KAISHA LTD INDONESIA P.T. SARANA LALfT INTERNUSA TEL JKT
      1,466 words
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      Page 38 Advertisements Column 2
      841 38 PHILI-ORI€NT LIN€S PT€ LTD 108 MOB IN SON ROAO »0 /00 GMG BUIL DING SINGAPORE 0106 TEL *****?? 2238/69 *****00 TELEX RS ***** PHILI FAX *****/6-*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MI MHI l< OK SINCJAPtMiI. I R[J( ,1 IT (ORWARDERS ASSOCIATION tH*
      841 words
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      Page 38 Advertisements Column 3
      504 38 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 1 23 Telok Aver Street SINGAPORE 0104 TEL *****88 (10 LINES) Fji 43*3504 < (CR No **********0#) ■TIIAITM PtMIAN CUlf MEHVICI S'core P Keiaig Penang GOLDEN HAVEN Colombo Karachi DuMi 23/24 Apr GOLDEN BEAR Colombo Kararni Dubai M May china mvia QING FENC
      504 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      1871 39 Sj§3lsf#Vf PACIFIC INTERNATIONAL LINES (PTE) LTD SBSSI gg PIL Building, 140 Cecil Street #03-00, Singapore 0106. 1 JAKARTA I [BANGKOK VESSEL VOY SIN J* I SIN VESSEL VOV SIN BKK SIN BUNGA TERATAI 163 231* 25/4 30/4 PEGAGUS PROGRESS 664N 24/4 27/4 1/5 MAJAPAHIT 9106 23/4 26/4 NG 9,04 25,4
      1,871 words
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      Page 39 Advertisements Column 2
      1196 39 BEN LINE CONTAINERS LTD A 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOV NOS F SPORE LEHAVRE ROTTERDAM SHAMPTON"] HAMBURG GOTHENBURG i FRANCE HOLLAND UK GERMANY SCAN SWEDEN Bunqa Permai 118 23/4 10 5 11/5 13/5 14/5
      1,196 words
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      Page 39 Advertisements Column 3
      641 39 m MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg MYITKYINA V427W 25 26 Apr HPA AN VI62W 22 27 Apr PAGAN VI69W 30 2 May MYOMA Y#A VI3SW 4,7 May 30 3 Ma, THE BANK LINE (A service of Andrew Weir
      641 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      764 42 TO AUSTRALIA/NEW ZEALAND VSI S-n F'eir We'b S»d Aucfc NPE P CHAL* MARTHA li 4 5,5 L's li S -M i 22.5 .'4 5 EIIEN HUDIG ."0 14 5 Til .t 5 Ts 5 S S 6 BHUSSU >71 T»5 4!i 10 4 14 6 19 6 .'U lit C
      764 words
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      Page 42 Advertisements Column 2
      958 42 EXPORTS TO HONGKONG. TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNG JKT SIN HKG KAO KEE TVO SM2 NGO KOB .VESSEL VOY SIN P*L PNC BIW SIN TSK CHORUS 188 *20 4 114 24 4 28 4 3 5 4 5 4 5 5 5 ICIBIRD
      958 words
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      Page 42 Advertisements Column 3
      196 42 4.'7k P.T. UNITED SHIPPING t IIF ORGANISATION LTD OWECT REGULAR SERVICES X JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA i SURABAYA -JL- Accept can<xi to all other Indonesian porta X with transhipment at Jakarta or Surabaya. DESTINATION ETA ETD VSL JAKARTA 22/4 23/4 P KALIMANTAN 24;4 25.4 P SUMATERA W
      196 words
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      Page 42 Advertisements Column 4
      1760 42 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE T 1D 2. MISTRI ROAD, HMC BUILDING TELEX R SHI #15 00. SINGAPORE 0207 CR NO **********0 M CABLE COSIANLINt General Agents: CO6TAR SHIPPING PTE LTD TO HONGKONG AND CHINA FROM HONG KONG AND CHINA VISSILVOV SCP H«G SHA mm HPU DAL
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      Page 43 Advertisements Column 1
      1440 43 WC CONVENTIONAL SERVICE v«ss«t PKI PNG P G luid.ng (or A VESSEL *T8 04 Rotterdam Antwerp CHINA FULL CONTAINER SERVICE Vessel SGP PHI BKK HKG QIN SUA YANGEANCKOU 1« »0* WW O.'tb 1? Ob lb Itt YANGEANCKOU 151 JOOS D.Ob 1/(JO It. Ub Also uceeting other tlt.nese ports via MUG
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      Page 43 Advertisements Column 2
      872 43 Fiji MTtAHATtOHAL P. T. PUL INTERNATIONAL LINE ~e FUUY CONTAINERISED RFGIONAL FEEDER SERVICE TWICE WFFKIY VYEFKLY FIXED DAY SCHEDULE Bf TWEEN THE PORTS OF S PORE. INDONESIA MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEI *****55 SINGAPORE INDONESIA SERVICE ~VSL
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      Page 43 Advertisements Column 3
      451 43 SYDNEY/MELBOURNE BANGKOK S PORt SYO MFI VESSEL I VOY SINGAPORE BANGKOK 1 PU U OM4 2)5 It IH 70 22/5 SIRI BHUMa Tue 7)1 Fn| 76 4 P,TABH U !L »-H» NANA BHUM«* TON ~257~ ll™ J S —ST" P KELANG/PENANG/KUANTAN NANTA BHUM ff 4 Hon [wSL VOY S PORE
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      Page 43 Advertisements Column 4
      465 43 TKen-ure VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SIN MAA SIN •TIGER STAR 156N IN PORT »30 04 06 06 05 TIGER BAY 157N 79 04 05 o'o6 13 13 05 TIGER STAR ISBN 06 06 05 12-14 05 M-2005 VSL VOY SINGAPORE/CALCUTTA/SINGAPORE VESSEL VOY SIN CAL SIN TIGER CREEK
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      Page 44 Advertisements Column 1
      1227 44 A a MAC-NELS SINGAPORE EXPORT TEL: *****22 IMPORT TEL: *****02 11 I P KELANG TEL (03) *****7/ KUCHINu FEL (082) *****3 SKAN Hi (089 *****! I-IVWV*! J BAHRU FEL (07) *****2 SIBU TEL (084) *****2 SARMCEt ri I (084)*****8 V —> 'JAKARTA TEL (21) *****32 MEDAN lEi (061)*****2 BINTULU It:.
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      Page 44 Advertisements Column 2
      417 44 II Tgfc BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI KIT.LY (>NT AIN K KIS Kl> MONTHLY SAII.INC.S DISCHAUCING AT NKW PLYMOUTH PORT CUAI.MKRS AUCKPTIMi M l. 1.(1. K»K AK KI.ANI). NAPIKK. WKLLIMiTON. BLUFF. UHKISTUHURUIL DUNKIHN. I.YTTKLTON. INVLKUARCiIL. FIJI AND TAHITI SIN N PI Y AUCK LYT MAHSURI
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      Page 44 Advertisements Column 3
      1118 44 7H! THONG SOON LINES PTE. LTD. I 77 ROBINSON ROAD #15 00 #16 00 SIA BUILDING SINGAPORE 0106 TEL *****88 FAX NO: *****11. *****22 TLX RS ***** CARRIER. RS ***** JENHOL CABLE TOSOCO CONVENTIONAL/CONTAINER SERVICES *****55 (BOOKING LINES)"" SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH^ VESSEL JvOY [ETA, JdEST VESSEL
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      Page 45 Advertisements Column 1
      749 45 Vfews COMPANIA PERUANA TCgX OE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK FCL SOC CARGOES TO/FROM CALLAO MATARANI 110* OTHER PERUVIAN PORTS* WITH I S AT KOBE ON CPV THROUGH BILL OF LADING Penjng* P Keljng Singipore E Mvj THOMASEVERETT IN PORf 23 Api It .'4 Apr KARABIEVERETT 12 14 M
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      Page 45 Advertisements Column 2
      550 45 r^f— il^iT |~VSI IvOY ISPORI r MAINLINER IIAX IkST ~|SAV [NYC |HFX (JTm 21* .'SS 46 a 96 u* S f»uAPO»I JSE i 5 21* KEELUNG 10 0 196 2.'6 246 766 M IbE 111 ZiH KEELUNG 10 6 19 6 22t> 24 6 2*6 jIEEWAHO «E lb 4 ZtK
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      Page 45 Advertisements Column 3
      848 45 SING KWANG HANG] SHIPPING I TRANSPORTATION (PTC) LTD WEEKLY LCL/FCL SERVICE IvESSEI S PORE SURABAYA EQUATOR MAS V 02N 24/4 27.4 JEN WE I. V 172N 26'4 |?9 4 VESSEL SPORE BANGKOK A VESSEL 24 4 27/4 A VESSEL ?9/4 30/4 DESTINATIONS ETA SINGAPORE PORT KELANG 26 4 91 MANILA
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      Page 45 Advertisements Column 4
      666 45 PERINTIS LINE||I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY II i 928 20 04 23 04 •>WASfIA 165 A 25 04 28 04 jA*II HI 929 04 JO 04 j HASF *IA ln7A U2 05 05 05 LJTAVA 157 M 04 26 04 -A-.*
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      Page 45 Advertisements Column 5
      474 45 SIN FAB EAST 26/4 KEELUNG KAOHSIUNG 26/4 BANGKOK 27 4 MANILA/CEBU 26 4 JAKARTA BELAWAN SURABAYA 26 4 PORT KELANG PENANG E. Malaysia 22,4 BUSAN 29 4 TOKYO,YOKO/KOBE NGO OSA 22 4 HONG KONG SIN CNINA 22 4 GUANGZHOU HUANGPU SHENZHEN FUZHOU/XIAMEN SHANTOU DALIAN SHANGHAI,XINGANG TIANJIN QINGDAO HAIKOU also accepting
      474 words
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      Page 46 Advertisements Column 1
      649 46 m Straits Container Agencies! (a member of Steamers Maritime Holdings Ltd) CONTAINER FEEDER SERVICE PT ANGKUTAN PERTAMBANGAN SERVICE VESSEL VOY SPORE JAKARTA SURABAYA TAKARI I 16% 22 APR 24 ARR TAKARI IV 4080 25 APR 27 ARR TAKARI I 1698 29 APR 01 MAY TAKARI IV 4082 02 MAY 04
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      Page 46 Advertisements Column 2
      318 46 MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL I DHHAI DAMMAN SHARIAH OOMA MUSCAT BAHRAIN ABU DHABI. BANDAR ABBAS. lEDDAH FAR EAST ACCEPTING FCL/LCL PENANG PKfIANG JAKARTA. BANGKOK HONGKONG. TAi*AN lAPAN MANILA KORfA UK/EUROPE i ACCEPTING FCL/LCL t tONDON ffMXSTOWt UEDS. TILBURY ABERDI EN IE HARVE. HAMBURG ROTTERDAM ANUIP. GOTHENBURG
      318 words
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      Page 46 Advertisements Column 3
      603 46 /CgfcSETH SHIPPING CORP. SDN BHD (•4JBM PT KLAM TEL 03 M ***** |t lims| FAX *****11 PENAN£ TEL 04 63?9?9 SUN TEL 089 2UM2 S| W T *L 0M 31M22 TAWAU TEL 089 7786/9 KK TEL 088 *****0 RUCH TEL 082 *****3 M SIA TO USA/CANAOA CONTAINER SERVICE EHOtR VOT
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      Page 46 Advertisements Column 4
      382 46 CUJi conmvinTEßmoDfi(\ LCL/FCL SERVICE FROM f f i K| [jSI CUJI operates over 600 terminala/officet in U.S.A. I I IdP ImL A cuji maintains over 35 000 tractors trucks. V II M CUJI Mfv** over 60,000 points in U.S.A. lUI «all mm g can offer reliable LCLFCL services. X. Gmr4l
      382 words
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      Page 46 Advertisements Column 5
      506 46 IU BJJJLJJJIiUJI-UILIIJI FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 35N8 CAPITAINE DAMPIER SNB f_s BANGKOK 2&i 5 5 BUSAN 24 4 4 5 HONGKONG 24 i 4 5 DURBAN PT LOUIS I£l3 5 KEELUNG 28 4 5 5 USA 29 4 6 5 PT KELANG 26 4 3 5 KOBE 28
      506 words
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      Page 47 Advertisements Column 1
      816 47 MORE FREQUENT FLIGHTS WORLDWIDE NEW ZEALAND/FIJI VESSEL JM ~P K| tu -m U SDa MM Fl|i|A| Ttan Lfttc4lM|l| Dim«i|«| Na»l*f WtM*«ti*{C| Ti.ram N Rotterdam 9109 27 4 29 4 30 4 30 4 1,5 4 5 17 5 24 5 19 5 5 21 5 2 5 22,5 23/5 24/5
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      334 47 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0800 ******************************00 1700 *****900 2000 2100 2200 2300 JR 16 19 2.3 26 2.8 2 7 2 5 22 1 7 1 3 10 08 0 7 0 7 09 12 1.5 18
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      Page 48 Advertisements Column 1
      769 48 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST FEEDER VOY PKE )HR SIN LINE HAUL VOY LBH OAK SEA LINE HAUL VOY TCM SEA PTL WAN HAI 203 012 21/04 23/04 24/04 H EXPLORER 25E 20 05 23,05 26
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      Page 48 Advertisements Column 2
      523 48 CHARTPOINT Every Saturday in Business Times EKMJB UK CONTINENT (TRIO) »h. *c«*.nt C»r(. (V Hjirbu'< *o Copenhagen Ajrftus Gothenburg Mjimo S PORE S TON H BU»C B'l.'fl 1P« l£H Me —k Stockto "i HANOVER EXPRESS IB 315 22 4 5 115 14 5 lb 3 Rotltrd iti to Antwo Amste-dam
      523 words