The Business Times, 31 October 1991

Total Pages: 50
1 50 The Business Times
  • 9 1 BusinessTimes MCI (P) 16/12/90 Thursday, October 31, 1991 75*
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  • NEWS SUMMARY
    • 66 1 TOKYO Speculation is growing here that former agriculture minister Tsutomu Hata will take over as Japan's finance minister after Kiiehi Miyazawa is installed as prime minister next week. Analysts said the appointment would be more a political manoeuvre by strongmen in the
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    • 56 1 BRUSSELS The European Commission said yesterday it had approved a merger between US banks Security Pacific Corp and Bank America Corp. The executive Commission said that the merger would not create or strengthen a dominant position in the Community. The merger is expected to take
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    • 47 1 HIGHER demand for new cars against a fixed supply of vehicle Certificates of Entitlement (COEs) is the real cause for rising COE prices and not the transferability or nontransferability of COEs or new cars, said the Singapore Ministry of Communications yesterday Page 2
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    • 34 1 SINGAPORE Prime Minister Goh Chok Tong has described the official launch of the Association of Muslim Professionals (AMP) as a milestone in the development of the Malay community Page 2
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    • 32 1 ABOUT MS33 billion worth of foreign investments are required by Malaysia over the next five years. International Trade and Industry Minister, Datuk Seri Rafidah Aziz said yesterday Page 7
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    • 41 1 COUNTRIES aspiring to join a future European economic and monetary union (EMU) would have to meet strict criteria on economic performance that are spelled out in detail for the first time in a Dutch draft treaty Page 10
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    • 22 1 TAKE a peek at what new owner L'Oreal has done to relaunch an 89-year-old cosmetics name Helena Rubinstein Page 15
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    • 31 1 SEMBAWANG Engineering Pte Ltd. a member of the Sembawang Group, has completed three accommodation modules for offshore rigs belonging to Qatar General Petroleum Corp. Shipping l imes Page I
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  • MARKETS SUMMARY
    • 49 1 WALL STREET blue chips moved hack to negative territory' in choppy early dealings yesterday as buyers hugged the sidelines to await further clues of timing on any move by the Federal Reserve to cut rates, analysts said. The Dow fell about two to 3.059 in early trading.
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    • 33 1 LONDON shares were higher at midday yesterday, boosted by optimism about a recovery in Britain's consumer sector. At noon (1200 GMT), the FTSE 100-share index was up 16.1 points at 2,569.4.
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    • 18 1 ACMA LTD is involved in a management buyout of trading house Lindeteves-Jacoberg. Page 3
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    • 39 1 THE WORLD'S three biggest food companies are scanning the globe for new acquisitions, and industry analysts say that if one strikes with a multibillion dollar bid, the other two may be forced to follow suit Page 5
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    • 41 1 JAPAN'S scandal-rocked securities industry has plunged into the red for the first time since 1972, racking up an industrywide net loss of almost 70 billion yen (SSB96 million) in the half year to Sep 30 Page 6
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 691.29 -1.27 Kuala Lumpur ...530.30 -4.39 Tokyo 24.981.18 -159.43 Hongkong 4.020.04 +19.99 Sydney 1.663.7 +12.4 luesday Change New York 3.061.94 +16.32 London 2,553.3 -5.2
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    • 23 1 Exchange rates USS SS 1.6925 100 Yen SS 1.2910 MS SS 0.6157 Money market rates Overnight 3 -1/2 3-month 3 7/8 unch
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    • 38 1 London Gold AM fix USS359.80 USS1.20 Rubber S'pore Nov 140.75Vkg +0.25 M'sia Nov 225.50*/kg -0.50 KL Tin Turnover 70 tonnes +16 Spot MS 14.84 /kg unch Crude palm oil Turnover 1.527 lots -315 Dec MS862 /tonne unch
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  • 458 1  -  Chief executive Liu gives assurance to developers By Elaine Koh SINGAPORE Developers were assured that the government would "judiciously monitor" demand and supply in timing land sales and make fresh assessments of market conditions at each staging post of the Concept
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  • 480 1  -  By Chuang Peck Ming SINGAPORE Companies may still hunger for workers but they are hiring fewer executives and managers. And some have imposed a freeze on top-end recruitment as business drops and economic prospects look uncertain. Headhunters say the trend became apparent last year
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  • 384 1  -  By Magdalene Ng SINGAPORE The ambitious Keppel group has moved closer yet to its goal of having a listed vehicle in every sector it operates in. In its latest restructuring, members of the group will be transferring their stakes in all land-based engineering
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  • 241 1 Asahi TOKYO The Bank of Japan (BOJ) plans to cut its discount rate by 0.5 percentage point next month to per cent soon after the ruling party's new president kiichi Mi- a/aw a is elected as successor to outgoing Prime Minister loshiki Kaifu
    Asahi  -  241 words
  • 579 1  -  From Catherine Ong in HONGKONG THE Hongkong Stock Exchange (HKSE) has found itself in an embarrassing legal mess following a court ruling yesterday which showed it had been improperly holding its extraordinary general meetings. The ruling also implied that the legal standing
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  • Page 1 Advertisements
    • 144 1 I'Bupbepn^j 3 <CB > < s. LR3SBV I t I I J Reigns when it pours Advertising 15 Money Changer Rates 31 Weather 31 Aircraft Schedule 31 Money Market 29 Work) News 10.11 Commodities 30 Regional News 7.8 For market indices, editorial. Company News 3-5 Regional Stock Markets 28 advertising
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    • 7 1 keppel's latest pride and joy, Pg 3
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    • 161 1 Tanjong Rhu: Making a splash, Pg 13 First business park open for bookings; l am pines regional centre shaping up. Back Pg BG l>ee stresses loyalty in service, Pg 2 Bottom Line, Back Page THERE ARE SOME APPOINTMENTS EXECUTIVES JUST LOVE TO KEEP. H 9 »'j v I 1™" /Sl_
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    • 4 1 J3ALLY HOES FASHION ACCESSORIES
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 74 2 THE second phase of the 5i29.7 million Kranji Expressway (KJE) project is underway, with completion slated for 1994. The 8.4-km expressway, to be built in six stages, will initially link Choa Chu Kang New Town to Woodlands Road and subsequently to the Bukit Timah Expressway. When
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      • 70 2 DR YEO NING HONG, the Minister for Defence, leaves for Thailand today for a two-day official visit at the invitation ot the Thai Defence Minister, Admiral Prapat Krisnachan. During his visit, Dr Yeo will also call on the Thai Prime Minister, Anand Panyarachun. Dr Yeo's
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      • 50 2 THE Minister for Industries of Bangladesh will lead a 13member delegation to Singapore next month to promote investment opportunities in his country. The team will participate in a seminar on "Investment opportunities in Bangladesh" jointly sponsored by the Singapore Manufacturers' Association and the Singapore Malay Chamber ot Commerce.
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    • 247 2 PRIME MINISTER Goh Chok Tong has described the official launch of the Association of Muslim Professionals (AMP) as a milestone in the development of the Malay community. In his message to the association, which is hosting its inaugural charity
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    • 416 2  -  By Selva Kumar HIGHER demand for newcars against a fixed supply of vehicle Certificates of Entitlement (COEs) is the real cause for rising COE prices and not the transferability or nontransferability of COEs or new cars, said the Ministry of
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    • 286 2 THE government is finding it harder to recruit talent into the public service but it does not mind losing people to the private sector, so long as they serve loyally while in service and remain allies after they leave. Deputy Prime Minister Lee Hsien
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    • 276 2  -  By Schutz Lee THE information services section of the United States mission in Singapore will move to the new MPH building when it re-opens this December, the American ambassador to Singapore, Robert Orr, said yesterday. The offices of the US Information
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    • 92 2 EXCAVATION work during the redevelopment of Raffles Hotel unearthed, among other things, a horse shoe from Abraham's Horse Repository at Bras Basah Road, circa 1930. The shoe is now displayed with other Raffles memorabilia (above) in the hotel's museum, which opens tomorrow. Also on display in
      92 words
    • 262 2 SINGAPORE is the world leader in terms of its recycling rate of steel cans, beating other European nations such as Germany, the Netherlands and the UK. However, the Republic's high recycling rate 65 per cent of all steel cans consumed is partly due to
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  • Page 2 Advertisements
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  • COMPANY NEWS 1
    • 459 3  -  Lindeteves-Jacoberg to be eventually injected into Gold Coin By William Chia SINGAPORE Acma Ltd is acquiring trading house Lindeteves-Jacoberg (Far East) to eventually inject into listed Gold Coin Ltd. It will be one of several new businesses which Acma plans to put into Gold Coin after
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    • 175 3 SINGAPORE Newlylisted Singapore Electronic and Engineering (Seel) has won three contracts, two local and one foreign, worth a total of $13.1 million. The largest of the three projects, valued at $10.4 million, is a sub-contract to supply, install and commission an integrated security and
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    • 217 3 SINGAPORE The Kuok group has reduced its majority stake in locally-listed Pacific Carriers Ltd (PCL) to some 58 per cent following a divestment of 20 million PCL shares yesterday. At $1.73 apiece, the share placement will net the diversified group some $34 million, part
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    • 933 3  -  From Leslie Lopez in KUALA LUMPUR PLANS by US insurance giant American International Group Inc (AIG) to acquire a 20 per cent stake in a large publicly-listed Malaysian bank has run into choppy waters and executives say
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    • 124 3 SINGAPORE Keppel will soon have a separate listing for Keppel Integrated Engineering, currently Siting Loong Holdings. The restructured entity will acquire stakes in engineering companies now held by various Keppel group members. When KIE and Keppel Bank are eventually floated off, the group will
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    • 261 3  -  By Magdalene Ng SINGAPORE Singapore's stockbroking community will be meeting today for its annual general meeting amidst many unresolved issues and outstanding projects. Members contacted by BT said they do not expect any earthshaking developments at the AGM, which one described as
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    • COMPANY BRIEFS
      • 94 3 SINGAPORE KZ Investments has bought shares in Pacific Can Investment Holdings for the third consecutive trading day. On Monday, it bought 14.000 PacCan shares for $13,300. or about 95 cents each, raising its stake to 8.42 per cent. It bought 24.000 shares on Friday
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      • 70 3 SINGAPORE Golden Hope Plantations Bhd has set up a joint venture in Vietnam with NHA Be Vegetable Oil Factory. The company called Golden Hope-Vegoilimex Edible Oils Company will own and operate an edible oils refinery in Vietnam, as well as market and distribute the products
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      • 71 3 KUALA LUMPUR Tongkah Holdings is buying a 46 per cent stake, or 7.82 million shares, in Rubberflex Sdn Bhd for M 539.5 million. The purchase will be paid for in 26.33 million new Tongkah shares at MS 1.50 apiece. Rubberflex manufactures and sells natural rubber latex
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      • 24 3 SINGAPORE Sime Singapore yesterday said Mr Edmund William Barker has retired as a member of the board of directors.
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      • 67 3 SINGAPORE Temasek Holdings last Thursday sold 5,000 shares in Keppel Corporation for $37,715.93 or about $7.54 each. Temasek's stake in Keppel remains unchanged at 37.47 per cent. On the same day, the government investment company bought 38,000 shares in Resources Development Company for $122,421.18 or about
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      • 34 3 SINGAPORE GTS Trading (S) on Tuesday bought 100,000 shares in Guthrie GTS for $68,000 or 68 cents each, increasing its interest to 25.72 per cent from 25.68 per cent.
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    • COMPANY BRIEFS
      • 61 4 TOKYO Japan's Mitsubishi group said yesterday it had received a 20 billion yen (SS26O million) order to build a power plant in Thailand. Mitsubishi Heavy Industries Ltd, Mitsubishi Corp and Mitsubishi Electric Corp will build a 300-megawatt combined-cycle power plant for the
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      • 53 4 JAKARTA Marriott Hotels of the US signed yesterday an exclusive co-operation agreement with PT Duta Anggada Realty (DAR) for the development of hotels in Indonesia. Under the agreement, DAR, a subsidiary of the Gunung Sewu group, one of Indonesia's top 10 business groups, will build
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      • 70 4 AUCKLAND Brewer-retailer Magnum Corp Ltd said it planned to sell its grocery interests. Chairman Norman Johnston said in his address to the annual meeting that Magnum's financial resources did not stretch to the joint requirements of the liquor and grocery business. "Faced with this dilemma,
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      • 65 4 TOKYO Japan's Kanebo Ltd will join with PT Perkom Indah Murni of Indonesia to customise software used in International Business Machines Corp computers, a Kanebo spokesman said. PT Perkom will sell the software mainly to the Indonesian subsidiaries of Japanese companies and to joint ventures in Indonesia,
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      • 68 4 SYDNEY The company behind Australia's plan for a spaceport to launch satellites has gone broke but the project is still alive, Australian authorities say. The government's Australian Space Office has begun seeking foreign and domestic partners for the world's first private spaceport, even as a
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      • 75 4 BANGKOK The Petroleum Authority of Thailand (PTT) will establish its first retail oil business in Cambodia at the border fishing town of Koh Kong, opposite the Trat province of Thailand, 387 km east of here. An assistant to the PTT governor said yesterday that
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    • 473 4 JAKARTA PT Petrokimia Gresik and Freeport Indonesia Inc will pool their resources to set up a copper smelting factory at an estimated cost of US$5BO million (Ss9B6 million), according to the Jakarta Post. The paper said PT Petrokimia's president, Mr Endarto, had said Nippon
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    • 346 4 Reuter AUCKLAND Fay, Richwhite Co Ltd expects its Australian operations to contribute about half of its revenue in the June 1992 year, compared with a third in 1991. The merchant bank, which holds a 26.81 per cent stake in the Bank of New
      Reuter  -  346 words
    • 188 4 Reuter LONDON Company executives in Hongkong top the world spending-power league, according to a survey published yesterday by a British trade association. The association Employment Conditions Abroad ranked executives in the US second to their colleagues in Hongkong, but put Swedish
      Reuter  -  188 words
    • 336 4 AFP SEOUL In a "landmark decision", three South Korean companies were fined on Tuesday for unauthorised copying and use of software produced by three US computer software companies, an attorney said here. The Seoul District Prosecutor's office fined the three companies from US$67O
      AFP  -  336 words
    • 304 4 Reuter BOMBAY Larsen and Toubro Ltd (L&T), the target of India's fiercest takeover battle, plans cautious use of the 8.2 billion rupees (Sss4l million) raised by a debenture issue which will treble its equity base. The fully convertible issue was launched
      Reuter  -  304 words
    • 666 5 Reuter LONDON The world's three biggest food companies are scanning the globe for new acquisitions, and industry analysts say that if one strikes with a multi-billion dollar bid, the other two may be forced to follow suit. Swiss-based Nestle is determined
      Reuter  -  666 words
    • 356 5 Reuter LONDON After shareholders in British Aerospace pic overwhelmingly rejected its £432 million (551.26 billion) share offer, analysts said on Tuesday that they expected the company's share price to fall steadily. Only 4.9 per cent of the dew shares found
      Reuter  -  356 words
    • 343 5 Reuter LONDON Anglo-Ameri-can pharmaceuticals giant SmithKline Beecham pic on Tuesday reported a 16 per cent jump in third quarter pre-tax profits to £252 million (*****.8 million) on the back of better-than-expected pharmaceutical sales. "They're pretty positive figures," said Paul Woodhouse, analyst at
      Reuter  -  343 words
    • COMPANY BRIEFS
      • 78 5 NEW YORK USX Corp, which operates the largest steel company in the US, said on Tuesday that third-quarter earnings from its steel group dropped 93.8 per cent, reflecting continued low demand and falling prices. Its US Steel Group, which includes the company's large
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      • 72 5 LONDON Injunctions freezing the assets of Polly Peck International pic chairman Asil Nadir, his mother and others have been extended for 28 days, court officials said on Tuesday. The injunctions were granted last week following claims totalling £1 billion (552.92 billion) filed by court-ap-pointed administrator
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      • 80 5 AMSTERDAM Philips Electronics NV said it will launch an invisible hearing-aid next month which will be widely available in Europe and the United States by the end of 1992. The unit, which uses miniaturised technology allowing it to be concealed deep in the ear, will be launched
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      • 84 5 HOUSTON Tenneco Inc, one of the US' largest conglomerates with interests ranging from farm equipment to gas pipelines, reported a steep third-quarter loss on Tuesday, partly the result of a US$5O4 million (*****.8 million) restructuring charge. The company said it lost $693 million, or
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      • 57 5 HAMBURG, Germany Europe's largest mail order house Otto Versand GmbH said it made group net profit of 277.6 million marks (*****.7 million) in the 1990/91 year ended February 28 against the previous year's net profit of 142 million marks. Global turnover rose 18 per cent
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    • 255 5 Reuter PARIS French conglomerate Cie de Suez announced a three-part plan to simplify the organisation of its sprawling development capital and venture capital operations. The restructuring will give minority holders in three investment vehicles in which Suez has a leading role
      Reuter  -  255 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 72 6 OSLO Norway's Christiania Bank og Kreditkasse, the country's second biggest, has agreed to sell insurance for Norwegian insurer Norske Liv with the possibility of a merger of the two firms. "This means that Kreditkassen's current distribution agreement with (Norwegian insurance firm) Uni Storebrand A/S
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      • 77 6 MANILA President Corazon Aquino on Tuesday created a panel to investigate foreign banks involved in allegedly fraudulent deals with US company Westinghouse in connection with construction of a nuclear plant in the Philippines. Mrs Aquino set up the three-man body to investigate "the alleged illegal act or involvement
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      • 67 6 NEW YORK The American Stock Exchange is restructuring and will cut some senior management positions. The exchange says the move will help to improve customer service to listed companies and investors. The structure shifts from its traditional functional reporting lines to one in which staff are grouped
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      • 72 6 MEXICO CITY A US$l billion loan from J P Morgan Co Inc's Morgan Guaranty Trust Co helped the new owners of Bancomer, Mexico's second-biggest bank, finance their purchase of a controlling stake. The directors of Valores Monterrey Vamsa, the financial holding awarded a 51
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      • 77 6 BRUSSELS The financial situation of the Brussels bourse is alarming, a leading member of the stock exchange's governing committee says in a letter to brokers. "The absence of a budget, the fire (late last year) and a declining volume in bourse transactions are the main reasons
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      • 60 6 BONN German banks are likely to be allowed to use unrealised profits from securities deals and property holdings as equity reserves to bolster their capital base, according to German finance ministry sources. The relevant balance sheet guidelines for banks will probably be relaxed but no official
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    • 345 6 Reuter TOKYO Japan's scandalrocked securities industry has plunged into the red for the first time since 1972, racking up an industry-wide net loss of almost 70 billion yen (SSB96 million) in the half year to Sep 30. The Tokyo Stock
      Reuter  -  345 words
    • 389 6 Firm faces millions in potential fines, legal fees FT NEW YORK Salomon, the Wall Street securities house facing millions of dollars in potential fines and court payments because of illegal activities in the US treasury markets, on Tuesday made a provision of US$2OO
      FT  -  389 words
    • 354 6  -  Asia-Pacific Insurance Conference From Quak Hiang Whai in BANGKOK SINGAPORE had to act quickly to solve the labour shortage in its insurance industry, a senior insurer said yesterday. Speaking at the Asia-Pa-cific Insurance Conference, Mr John Cloney, managing director of the Australianbased
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    • 318 6  -  From Quak Hiang Whai in BANGKOK DIRECTOR and officer liability insurance, which is bought by corporations to protect their directors and officers against lawsuits by shareholders, employees and other business-related concerns, may soon become a necessity all over the world, a senior underwriter
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    • 450 6 One reason is cut in trading volume worldwide Reuter NEW YORK US moneycentre banks' foreign exchange trading revenues fell in the third quarter from record levels a year earlier and in most cases slipped from the second quarter as well. "The attitude that foreign exchange
      Reuter  -  450 words
  • Page 6 Advertisements
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    • 2 6 NOVEMBER 1991
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  • THE REGION 1
    • 325 7 Target of Ms33b set for manufacturing sector over five years Bernama KUALA LUMPUR ABOUT Ms 33 billion worth of foreign investments are required by Malaysia over the next five years. International Trade and Industry Minister, Datuk Seri Rafidah Aziz said yesterday. She told French
      Bernama  -  325 words
    • 329 7 AFP SYDNEY Australia's annual inflation rate fell to 3.3 per cent in the year to Sep 30, its lowest level for more than 21 years, official figures showed. The Bureau of Statistics said falls in mortgage interest rates and vehicle insurance costs helped
      AFP  -  329 words
    • 388 7 Reuter JAKARTA Indonesia, which has worked for decades to grow enough rice to feed itself, will have to import rice next month because of a drought. But analysts say the growing population and shrinking arable land are the real threats to
      Reuter  -  388 words
    • NOTE BOOK
      • 107 7 SUVA, Fiji Hotel workers face redundancy here because of a slump in tourism, industry managers said. Major hotels and resorts including the international Asian hotel chains report a drop of 25 per cent in reservations for the usually overbooked Christmas period this year. Recession
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      • 91 7 BANGKOK The cabinet has approved the setting up of a new intellectual property department under the Commerce Ministry to take care of trademark and patent issues. "As Thailand is developing into a more advanced stage, we need to provide proper protection for intellectual property," government
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      • 92 7 •WELLINGTON New Zealand's exports to Asia increased by 15.6 per cent in the 12 months till September, with China and Malaysia registering the highest increase of more than 52 per cent. The 15.6 per cent increase, or NZ$674 million in value, reflected the payoffs
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      • 89 7 MANILA Former first lady Imelda Marcos can probacy look forward to spending the rest of her days in court if the makes good her plan to return to the Philippines next month after more than five years in exile. The 62-year-old widow of deposed president Ferdinand
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      • 68 7 MANILA The Asian Development Bank (ADB) on Wednesday announced its approval for a US$34 million loan for road improvement in Laos. The loan will be used to provide all-weather access to the country's northern provinces from Luang Prabang, the Philippine-based bank said in a statement.
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    • 310 8 Reuter HANOI Vietnam has asked Japan to resume economic cooperation soon and pledged that its moves towards a free market economy will continue. The Vietnam News yesterday quoted communist party chief Do Muoi as promising continued economic reforms when he met Sabuto
      Reuter  -  310 words
    • 390 8 AFP HANOI Vietnam's decision to accept mandatory repatriation of boat people from Hongkong is being seen here as part of its efforts to improve relations with its neighbours in the South-east Asian region. A softening of the United States'
      AFP  -  390 words
    • 164 8 Bernama BANGKOK The Tourism Authority of Thailand (TAT) and Vietnam Tourism will jointly establish a working group to set up a tourism development organisation for the two countries. The Bangkok Post yesterday quoted TAT governor Dharmnoon Prachuabmoh as saying that the working group was
      Bernama  -  164 words
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  • Page 8 Advertisements
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  • Page 9 Advertisements
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  • THE WORLD 1
    • 465 10 Reuter THE HAGUE Countries aspiring to join a future European economic and monetary union (EMU) would have to meet strict criteria on economic performance that are spelled out in detail for the first time in a Dutch draft treaty. The Netherlands, current holder of
      Reuter  -  465 words
    • 379 10 Reuter LONDON Britain's economy is showing tentative signs of a recovery but the recession has not yet lifted, the Confederation of British Industry's (CBI) quarterly industrial trends survey for October showed. The CBI survey showed both a rise in business
      Reuter  -  379 words
    • 288 10 Reuter MOSCOW Soviet experts said on Tuesday that the huge defence sector was threatened with mass unemployment, or even collapse, but a US official said Washington was ready to support the switch from military to civilian output. Mr Arkady Volsky, deputy head of the
      Reuter  -  288 words
    • 444 11 Reuter AFP WASHINGTON The US Government posted its biggest Budget deficit ever in fiscal 1991, but the pools of red ink are doing little to inject new life into the moribund economy, posing a growing political problem for President George Bush. The
      Reuter; AFP  -  444 words
    • 366 11 Reuter WASHINGTON The US will seek expanded trade talks with Japan in an effort to overcome a rising trade deficit that could reach US$5O billion (SsBs billion) and complicate President George Bush's re-election chances, a senior US official told Reuters. "Clearly
      Reuter  -  366 words
    • WORLD WATCH
      • 96 11 TOKYO Rising anger over Taiwan's yawning trade deficit with Japan means Japanese firms cannot bid for contracts for the republic's six-year US$3OO billion (Ssslo billion) development plan, Taiwan's top representative in Japan said. Hsu Shui-teh, head of the Association of East Asian Relations, Taipei's
        96 words
      • 71 11 WASHINGTON The World Bank said its executive => board had approved a technical plan to assist the Soviet Union and the individual republics reform their economies. ";The programme, financed from a US$3O million (Sssl million) trust fund set aside by the Bank, will be used
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      • 90 11 GENEVA London is Europe's most expensive business destination with an overnight trip there costing 80 per cent ''tnore than one to Amsterdam, according to a survey re'leased on Tuesday. The survey, by Swiss-based Interlink Business Research, says the most expensive first-class business lunch for two is
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      • 48 11 .WARSAW Poland apparently set a new record on Tuesday when it became clear that 28 parties would be represented in the new Scjm, or lower Chamber of parliament, pespite 69 parties to choose from in the elections, few expected so fragmented an outcome.
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    • 375 11 Reuter TOKYO A more confident and flexible Japanese stance on the rice issue is likely to emerge at the current multilateral farm trade talks after Kiichi Miyazawa becomes prime minister, analysts here said. The analysts said on Tuesday that Mr
      Reuter  -  375 words
    • 451 11 Reuter TOKYO Japan's ruling party chieftains were locked in a tribal battle yesterday for strategic turf key party and Cabinet posts diminishing incoming prime minister Kiichi Miyazawa's chances of forming a strong government. A grim-looking Mr Miyazawa looked a clear loser at the
      Reuter  -  451 words
  • Page 10 Advertisements
    • 1394 10 BANCA NAZIONALE DEL LAVORO mmh (ESTABLISHED IN ITALY WITH LIMITED LIABILITY HEAD OFFICE IN ROME) HEAD OFFICE ADDRESS: VIA VITTORIO VENETO 119, ***** ROMA, ITALY. BALANCE SHEET AS AT 31ST DECEMBER 1990 ASSETS ITI. LIABILITIES AND NET EQUITY ITL Cash 1.501.501,614,265 DEPOSITS: Due from Centri Bank 6,508,370.401,855 Current and other
      1,394 words

  • Page 11 Advertisements
    • 277 11 1/ Jr I m fl i* i •fell: f. i fllfePiigfe mk''M'. m 111 111 v *-H I|| 11 DESKTOP PUBUSHING REDEHNED. I The dark ages of desktop publishing are over. Welcome to the NeXT that stores all your files and correspondences. Both allow you to crossworld. A world that'll
      277 words

  • 485 12 EDITORIAL VIETNAM'S Prime Minister Vo Van Kiet has described his present visit to Thailand, Indonesia and Singapore as an "interesting coincidence," coming as it did during the signing of the Paris treaty which seeks to end Cambodia's bloody 13-year civil war. But the coincidence is significant: for
    485 words
  • WHAT THE OTHERS SAY
    • 328 12 SINGAPORE employers came up with some astounding answers in response to the call in the Strategic Economic Plan (SEP) for ideas to curb job-hopping that had suggested linking a solution to the revitalisation of Cowec Company Welfarism through Employer CPF contribution started 10 years ago. The
      328 words
    • 99 12 JUDGING from previous attempts, it is almost impossible to bridge the gap between the Israelis, the Arabs and the Palestinians. But the end of the Cold War and the Gulf War has allowed some rethinking among them about the importance of building peaceful co-existence. The process
      99 words
    • 77 12 THE new regulation which allows HDB flat owners to buy private properties for investment is good but impractical. It is hard for HDB flat owners to purchase private properties, which are much more expensive than HDB flats. Also, HDB flats are subsidised housing. If first-hand owners can
      77 words
  • REGIONAL VIEWPOINTS
    • 160 12 THE progress of the Madrid conference is most uncertain since both parties, the Israelis and the Arabs, appear committed to a line of toughness of almost equal vehemence. Last week Egypt, Syria, Lebanon, Jordan and the PLO agreed to close ranks and vowed not to sign any
      160 words
    • 175 12 AT present, it is sometimes said that the sense of nationalism and social solidarity among young Indonesians seems to have declined. At the same time, ethnic and religious sentiments appear to have become stronger. Perhaps, however, it is quite natural that at a time such as the
      175 words
    • 181 12 UNDER the amendment of the Privacy Act, which came into effect in September, insurers and certain types of credit providers now cannot use commercial databases to make credit checks on their customers. There should, of course, be stringent controls on the use of information contained in
      181 words
  • 742 12  -  Michael Richardson reports on the moves by East Asian countries to ease restrictions on employing foreign workers Michael Richardson IHT EAST Asian countries, finding that economic growth is being constricted by serious labour shortages, are easing curbs on foreign workers. Malaysia, Taiwan, South Korea,
    IHT  -  742 words
  • Page 12 Advertisements
    • 611 12 f (O) The Bank of Yokohama, Ltd. (Incorporated in Japan with Limited Liability) Balance Sheets Statements of Income March 31, 1991 and 1990 Years ended March 31, 1991 and 1990 Millions of Yen Millions ot Von 1991 1990 1901 1990 ASSETS: INCOME: Cash and due from banks 1,701,781 2,352,476 Interest
      611 words
  • Page 12 Miscellaneous
    • 54 12 DOONESBURY BY GARRY TRUDEAU THOUGHT HEE.HEE'HO, BUT UM>TOHEAR XX/VJUST caiPKUßitot*? wr.eurrM ww OH. WELL n UHY NOwrrN&ses! PULL (FA UXXSL*£a*9B IATETOA CLEAR. REALLi PREFER U/OUU? HA. HA. HA' CHAItANP G6ON9TD6eT H*6G7TN6... SIGNALS TAUON6TOKXJ THAT BE, JUST KJPPING! GLOAT,EH, QUT&A 600PHTT 1 UJHAT 7 CITY' ON&ONONE ANY- /I UJOOP GETYOUACOKg? MCOPY?
      54 words

  • ANALYSIS
    • 1721 13  -  In fifteen years' time, the Kallang Basin area will be transformed into a chic neighbourhood of private apartments with a marina, a commercial village and a riverside promenade. Sylvia Wong reports Sylvia Wong Tanjong Rhu must be one of the few pieces of valuable land
      1,721 words
    • 769 13  -  Leslie Gelb discusses the possible supersecret game plan which the US might have for the Middle East Leslie Gelb NYT IT just doesn't seem possible that President Bush and Secretary of State James Baker will wander into the historic Middle East peace conference, which began yesterday, without
      NYT  -  769 words
  • Page 13 Advertisements
    • 130 13 THE SUVA AND THE NAPI TVav^ge Nadi yield expected to be in excess of 16% net profit year Two established and well run ending December 1991 Hotels in one of the world's forecast at (F)5555,000 114 most popular holiday rooms destinations Suva yield expected to be in Investor options: Southern
      130 words

  • FOCUS
    • 654 14 Middle East Peace Conference Reuter rW"\ RESIDENT W George Bush of the United States yesterday struck a JkL delicate balance by endorsing some deeplyheld positions of both Arabs and Israelis but avoided mention of the sensitive issue of Israeli settlements. But in an address at the
      Reuter; Source: The New York Times  -  654 words
    • 871 14 AFP THE Middle East Peace Conference, which opened in Madrid yesterday, is the ninth effort to end the ArabIsraeli conflict since the 1978 Camp David accords. The following are the principal plans that have preceded the latest bold initiative: Camp David Accords Signed on Sep
      AFP  -  871 words
  • Page 14 Advertisements
    • 328 14 The Volvo 960 now comes with a In 'Performance' mode, every ounce force of a side-on collision, SIPS disperses brand new safety feature'. of engine p>ower goes straight to your wheels the impact in different directions. its A 204 bhp, straight-six engine. when you step down on the accelerator. absorbed
      328 words

  • ADVERTISING & MARKETING
    • 692 15  -  Sylvia Wong takes a peek at what new owner L'Oreal has done to relaunch an 89-year-old cosmetics name Sylvia Wong HELENA Rubinstein, a cosmetics firm set up in 1902, was looking its age and had ceased to attract new customers. Newer brands were aggressively courting
      692 words
    • 258 15 ONCE AGAIN, it's been proven that you can't go wrong with children or animals in advertisements. Television viewers voted Fuji's "What a Wonderful World" as the top commercial award in the Viewer's Choice contest organised by SBC Enterprise, while IBM's "Elephant" and Scotts
      258 words
    • 354 15  -  Move will treble firm's Asian market base, reports Sangeeta Mulchand Sangeeta Mulchand US-LISTED Tyson Foods will introduce halal chicken products in the Asian markets, a move which is expected to increase its market base in the region by three times. The poultry company
      354 words
  • Page 15 Advertisements
    • 122 15 B U S I N ESS T I M E S TELErHUNK! /iu.s 7 7 l 5772/3 77 J FAX: WANTED: THREE PEOPLE TO RESCUE A MAN FROM TOTAL INSANITY. Our Managing Director is having a big meltdown trying to cope with the business our ad agency has recently won.
      122 words
    • 145 15 *ic g^MMWa; Srog9^^^@o|^B 7 r u i^jfc?-rTf-g•«i <*%£***- •y :V |fi' *$fc *M x 4 ft£* k»yfctt^-liytiS2^4EBl* i"i *<■*&* 'IriWVt iP*-<*** J@;vjr^ti§l?&f*■' -ißv^C^i Si* v "W& v I jUa&jWgSSSk' > wSI., *&~.'i. **^f-: '.> w 1 $p v* *!Ryy/^WMBgßteMre "a Si'- #;:•*>,/ Jc<.liS'^^v*!''&^ps v #.-?wvl '?<.-$???* -$►•*> «^sfeaEBpwHEt IF"" A
      145 words

  • SPORTS 1
    • SIDE LINES
      • 128 16 PARIS The Paris Open took on an even greater significance as a test bed of Davis Cup hopes in the evening session when French captain Yannick Noah beat his number two singles player Fabrice Santoro in straight sets. The semi-re-tired Noah, who devotes most
        128 words
      • 42 16 BUZIOS, Brazil Germany's Markus Zoecke upset topseeded Javier Sanchez of Spain on Tuesday 7-6 (7-5), 6-2 in a second-round match of the U*****,000 Kolynos Cup. The unseeded Zoecke overpowered Sanchez, who is ranked 12th worldwide, with his strong serve.
        42 words
      • 82 16 LONDON Australian Rodger Davis clinched a place in the World Championship of Golf in December with his victory in the Volvo Masters at the weekend. He is the fifth Australian to qualify for the £1.5 million tournament at the Tryall Resort in Jamaica, which runs from
        82 words
      • 88 16 LONDON Mandy Fisher does not see why pregnancy should get in the way of her sporting career even if it means playing a day before her baby is due. The British snooker player is determined to compete in the women's world championship next month even though her
        88 words
      • 127 16 LONDON World Boxing Organisation super-middleweight champion Chris Eubank is still fighting to come to terms with his role in the Michael Watson tragedy. Five weeks after the ill-fated world title fight at Tottenham here when Watson suffered a severe brain injury which plunged him into a coma
        127 words
      • 64 16 SYDNEY Defending champion Eva Fjellerup of Denmark moved into the lead after the fourth stage of the women's world modern pentathlon championships here yesterday. Fjellerup came third in the cross-country run and with only the show-jumping to come today, she has 4,284 pentathlon points. Caroline Delemer
        64 words
    • 980 16 Paris Open Agencies PARIS Pete Sampras and John McEnroe underlined their claims for a place in the United States team for the Davis Cup final against France next month when they scored impressive victories at the US$2 million Paris Open on Tuesday. Sampras, 20 and displaying the
      Agencies  -  980 words
    • 325 16 Reuter PARIS John McEnroe has taken to looking in the mirror lately and is concerned over what he sees. Reaffirming that he will probably retire at the end of next year, the 32-year-old American said he could not carry on playing in his late
      Reuter  -  325 words
    • 531 17 AP MARANELLO. Italy Ferrari, Italy's idolised Formula One team, on Tuesday fired three-time world champion Alain Prost following a season of frustration and bitter disputes with its French veteran driver. In a terse communique on the eve of the closing event of the 1991 World
      AP  -  531 words
    • 357 17 AP LONDON After a disappointing year in which he failed to win a major title, Nick Faldo is relaxing his lofty ambitions. "I haven't found a way until now of accepting the fact that golf can sometimes still be, even for me, an
      AP  -  357 words
  • Page 16 Advertisements
    • 117 16 wn Unlike many materials, steel cans are easy to recycle. Just Senoko incinerator comes on-line. Lh* It's interesting to think by disposing of them in your normal refuse, you're recycling steel. that the steel can you hold in your hand today, may be part of the a In Singapore, a
      117 words

  • Page 17 Advertisements
    • 220 17 BUSINESS TIMES TBLBPHONB: 730-5771/5772/5773 FAX: 734-4912 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVB4 ihal, IM Soon Kcc of Blk 512, Bedok North Avenue 2,104-293, Singapore 1646, have applied for a Beer House, Second Class licence in respect of premises at MA Lai Hock Sing Snack Bar at 26A Chai Chee
      220 words
    • 240 17 THE FINEST RESIDENTIAL APARTMENTS IN SINGAPORE f3S OFFER YOU SPACE. ATMOSPHERE AND A PLACE UNDER i I THE SUN. Living in "Juniper at Ardmore" offers you a unique opportunity in j JSA figs high-rise living in Singapore's premier residential district. J How many four-bedroom apartments in Singapore come with an
      240 words

  • Page 18 Advertisements
    • 170 18 WHERE TO WINE. PINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE Dessert on the House Any item you order from our a la carte menu (beverages and desserts excluded) entitles you to complimentary local and Nonya desserts from 6.00pm to 10.00pm daily. ll A MEMBER
      170 words
    • 365 18 i —H —i MM Goes Irresistibly Indian India. The land of culinary temptations. Indulge yourself at the Maharajah's table. 4 masterchefs from Hyatt Regency Delhi return to perform their magic at Plum's. Choose from masala, tandoori, kebabs, korma, just to name a few. We know you won't resist. Buffet available
      365 words
    • 242 18 i HALLOWEEN FRIGHT j AT THE IB 'V I! ,7 30&31 OCTOBER Pi" f H I 8 i B At nmfc Cafe Aladdin DELIGHTS Calling all Hi Tea Buffs Cafe Aladdin has just the array to satisfy the most discerning palate. An exciting Hi Tea Buffet spread of the finest
      242 words
    • 322 18 Local Tea Time delights at Chatterbox every Friday, Saturday and Sunday. 3 pm to 5.30 pm. $14.50+ per person $8.50+ per child (below 10 yra) Mezarre Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pm to 6 pm. $16.00+ per person $10.00++ per child (below 10 yis) MJ
      322 words
  • Page 18 Miscellaneous
    • 682 18 television and radio A ~7 r~ mmmmmJE 1 ?:U 500 iz„. c,p G,b (M I /4 Wf-PPOnKK 7.00 J*a#ih«««tfc«l(L). 0.00 One fcr |.M Cartoon> BBC, 88.9 mHz in VHf Band II O oiu PM HigMKMa. O.JO An-rica', Mart Horn. VI- (bglenal Naw. <M). 7.00 CNN International (L). 6.30 Muqaddam. World
      682 words

  • LIFESTYLE
    • 870 19  -  Rapper Hammer's new album. Too Legit to Quit, has been the focus of a pre-release publicity campaign that is unprecedented in the industry. Will the campaign succeed? Peter Watrous wonders Peter Watrous NYT TOO Legit to Quit, the new album by the rapper Hammer that
      NYT  -  870 words
    • 820 19  -  Trish Hall takes a look at some of the food that repulses people Trish Hall NYT WANT To scare someone? Really give them the creeps on Halloween? Chances are there is a food they will find more fearful than any wandering Frankenstein monster
      NYT  -  820 words
    • 498 19 CHATTERBOX SOVIET President Mikhail S Gorbachev fell victim to his own free market reforms this week when a state-run publishing house ordered the Soviet leader's books stripped from store shelves because nobody was buying them. The order by Soyuzkniga withdraws from sale
      498 words
  • Page 19 Advertisements
    • 196 19 AND ENTEBTAIN i iw" n •i I iVCJ JUMf I i &d»llh jRMIHHK IBT i I i V I if* i^BKS I For the fresh and flavourful taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15 pm. ANA HOTEL
      196 words
    • 28 19 Lunch $9.00 Dinner $13.50 Enjoy our Shabu Shabu Sukiyaki Barbecue RESTAURANT KPBE Tel: 734-6796 4th fir Unit 04-06 07 Tanqlin Shoppinq Centre Air tlown KOBE BEEF also available
      28 words
    • 269 19 Yes, there's SI Million to be won if you score a Hole-in- Another super Porsche 968 awaits the playerw scores a One. The Courvoisier FCN SI Million Hole-in-One tournament hole-in-one at a designated green on the back nine. Other fabulous will be Singapore's most exciting ,f 1 prizes include: cvn
      269 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3990 20  -  By Dawn Tan A HEFTY married deal on local counter Pacific Carriers Ltd (PCL) injected some life into the otherwise lacklustre local stock market. Early yesterday, a Kuok Group company placed out 20 million shares in a married deal to a group
      3,990 words
    • Article, Illustration
      66 20  -  Chew Eng Han Comment THE share may have recorded a medium-term bottom in October at 77 cents. It is currently trading very close to the resistance line at about 92 cents. Daily stochastic* are supportive of further upticks. Weekly indicators point to a possible breach at 92 cents
      Source:  -  66 words


  • 3287 22 MTC 78* 292 9 +3.2% G Lumber 155 +5 +3.3% Gentings 50* 655 +5 +0.8% High Low 50* 192 +2 +-I 1% GILL'SSOIO 81 +1 +12% Berjaya Leisure 133 +1 +0.8% Innovest Bhd 65 +1 1.6% M Plantations 60 +-1 +1.7% Pelangi Bhd 50« 122
    3,287 words
  • Page 22 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 4343 23 Bernama SHARE PRICES in Kuala Lumpur closed lower yesterday on profit taking while investors were sidelined ahead of the Budget tomorrow. The KLSE All-Shares Emas Index dropped 1.11 points to 135.75 while the Composite Index fell 4.39 to 530.30 and the Industrial Index
      Bernama  -  4,343 words
  • Page 23 Advertisements
    • 723 23 BUSINESS TIMES TELEPHONE: 730-577 1/5772/5773 FAX: 734-***** LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that. I, Hsu YungHsien of Blk 206, Choa Chu Kang Central, #06-32, Singapore 2368, have applied for a First Class Public House licence in respect of premises at M/s TOP FLIGHT MONGOLIAN BAR 8.Q., Penang Road,
      723 words
    • 393 23 IN THE MATTER OP THE COMPANIES ACT. CAP 60 TECK HtN JAYA TRADING PTE LTD Jn Members' Voluntary LkjiidtßorJ At an Bdreordrwy Gener* Meeting of the abovenamed company duty convened and held at 60 Jh. Sultan •21-04 Jalan Sukan Centre. Smgapore 0710 on 28»i day of October 1001 trie blowing
      393 words

  • BT SHARE INFORMATION SERVICE
    • 433 24 CiHM> Date YMT 6re«p Net Net earnings Cms >mi te prefit/less (L) per slur* dividend COM) (cents) SBS Oct 28 Jun 91 $2.572($$2.928) 10 1(115) 7(7) Scotts Htdgs Oct 28 Jun 91 $3,246($2.339L) 14(—) First Capital Oct 18 Jun 91 $8,891(111.711) 55(7 2) 1(1) Beiiaya Group Oct 16
      433 words
    • 436 24 Company Oat* Hatf-jraar Group pra-tax Interim aim to praflt/lw# (L) dfrldawd ('000) George Kent Oct 28 Jul 91 M$5.226($2,556) 5(4) SlA Oct 28 Sep 91 J634.500(J681.900) 15(15) TDM Oct 21 Jun 91 MJ175l(|1.117L) Vletroplex Oct 18 Jul 91 M$16.678($13.323) rteua Corpn Oct 17 Jul 91 M$548($l,391) MMC Oct
      436 words
    • 558 24 Company Rights Issue Asa Pac Land One tor-two fe MSO 65 per shaft Mane* Tech OnHorone fe SI 00 per shaft Berjaya Groni Rights issue of J89m nominal amount 101 Irredeemable Convertible Unsecured Loan Stocks (ICULS) on the basis of one for tow Brftoi Issue of $90 978m
      558 words
    • 327 24 Ciipny 0«te Yaar Groap pra-tox I«at uril»|i Grass am to profit/toss (L) par tkara dhrMaad (000) (caats) Kemayan Oct 29 May 91 M$28($l,505) -(0.7) 1.5(1.5) MSB Oct 28 tun 91 M$17,267 ($6,506) 11.2(4.1) 12(10) YTl Corpn Oct 9 Jon 91 M$30.889($19.311) 138(79) 10(10 Boustead Oct 2 Jun 91
      327 words
    • 226 24 Oct 29 Batu lintanf Rubber Co BM is proposing to raise nearly half a billion ringgit through the issue of 290 m new shares issue at M 51.50 each. Transasia Hokfings, a Hongkong-registered company with which Singapore's Kin Yuen group is a joint-venture partner, plans to develop a
      226 words
    • 919 24 Carront Ex laak* Date Total tor Total lor payment date doto payabto tho yoar last yoar MS8 50c 121(b) Dec 30 Jan 14 Jan 21 12% 10% tana 5%TE(I) Oct 21 Oct 31 Nov 15 5%TE 10*TE Mih HUp 50c 61(b) Nov 21 Dec 5 Dec 24 6%
      919 words
    • 81 24 Company Rights Issue lAf Franc* Two-lor three MJO 90 per share Ex-date Nov 1 Books dose Nov 18 Acceptance Payment NVA Company Bonus Issue MBf France One-for-three Ex-date Nov 1 Books dose Nov 18 Company Others fcn* Steel Restncted Offer tor Sale of Angkasa Marketing Bhd shares on
      81 words
  • CHARTING SERVICE
    • 433 24 Relative Strength Index: This index indicates overbought or oversold conditions as when a stock moves too much and too fast in either direction. Generally, an RSI above 80 indicates an overbought condition, while levels below 20 indicates an oversold market. The RSI is used
      Charts by Pont  -  433 words

  • STOCK EXCHANGE OF THAILAND
    • 2396 25 Reuter UPI SHARE PRICES closed higher yesterday as investors bought stocks that had recently dropped to low, attractive levels. The SET index gained 11.19 points to 638.21 on a turnover of 2.5 billion baht. "The prices had gone so low that investors were
      Reuter; UPI; SOURCE: PONT DATA  -  2,396 words
  • JAKARTA STOCK EXCHANGE
    • 1083 25 Reuter JAKARTA STOCKS continued their decline yesterday, with the index falling 2.51 points to 224.71, and brokers said the market would fall further before the year's end. Market turnover was a low 3.90 million shares. "It is a very quiet market and it
      Reuter  -  1,083 words
  • Page 25 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2593 26 Reuter TOKYO STOCKS crawled aimlessly in weak trade to close moderately lower yesterday. Brokers said a decline in futures-related buying and profit-taking erased early gains, pushing the Nikkei back below the 25,000 level. A soft bond market and absence of new factors also
      Reuter  -  2,593 words
  • STOCK EXCHANGE OF HONGKONG
    • 2397 26 Reuter SHARES in Hongkong finished modestly higher in moderately active trade yesterday, with solid early gains partly eroded in late dealings. Brokers attributed the upturn to Hongkong tycoon and Cheung Kong chairman Li Ka-shing's remarks on Tuesday that he did not expect harsh anti-property
      Reuter  -  2,397 words
  • Page 26 Advertisements

  • REGIONAL STOCK MARKETS
    • Taipei stocks rise on easier political mood
      • 521 27 fAIWAN STOCKS closed slightly tjjher yesterday because of a recent easiftg of political fears, but they were well ptY their highs on profit-taking. The Weighted Index ended 25.41 points up at 4,389.86 on moderate turnover of NT520.21 billion. In early trade, the index had risen more than 60 points.
        521 words
      • 777 27 FALLING INFLATION refuelled hopes of an interest rate cut and sent the Australian share market higher yesterday, with broad support for leading stocks. Brokers said comments by Acting Treasurer Ralph Willis and the release of the September quarter Consumer Price Index had set the scene for a rate cut.
        777 words
      • 515 27 SHARE PRICES rose yesterday as investors awaited the reported return of Imelda Marcos next week in the belief that part of her allegedly hidden wealth might be invested in the local market, brokers said. "I believe her entry would signal the return of substantial financial resources in the market,"
        515 words
      • 332 27 NEW ZEALAND shares yesterday ended at their closing high for the year on a healthy turnover, following a good showing on Wall Street. The NZSE-40 capital index was 11.01 points higher at 1,546.80 after earlier going as high as 1,552.78. Turnover was worth NZ$3O million. Peter Halligan of
        332 words
      • 770 27 SHARE PRICES recovered strength and rose in active trading on the Korea Stock Exchange yesterday. The Composite Index of the ex- change, which gained 1.36 points to J 694.45 on Tuesday, added another 5.93 points to close at 700.38. regaining the-,, psychologically important 700-point lev- el. Gainers pounded losers
        770 words
      • 161 27 Reuter UPI SHARE PRICES soared on Tuesday ter lower carry-forward charges were fixed for the business done in the two weeks ended last Saturday, brokers said. The Bombay Stock Exchange Index jumped 87.64 points to 1,893.16. The National Index rose 27.98 to 887.11. Carry-forward charges were fixed at between
        Reuter; UPI  -  161 words
      • 439 27 Close Previous Oct M AUSTRALIA All Ordinaries Index 1.663.7 1.651.3 H2.4 All Industrials Index 2.585 8 2.561.3 +24.5 All Resources Index <>59.1 955.6 +3.5 Turnover (million) 143.0 132.0 +11 NEW ZEALAND N/SK-40 Capital 1.546.80 1.535.79 HI.01 Turnover (million) 19.71 MANILA Composite Index 1.021.38 1.009.56 +1182 Turnover (million) 606.03 970.1 -364.07
        439 words
  • Page 27 Advertisements

  • WORLD STOCK MARKETS
    • Wall St surges on revived hopes of rate cut
      • Article, Illustration
        1172 28 FURTHER indications that the US economic recovery has been limp revived hopes of an interest rate cut and ignited a rally in the Treasury market on Tuesday. Taking their cue from bonds, blue chips added another half per cent to Monday's gain of 1.4 per cent after a
        1,172 words
      • Article, Illustration
        754 28 CONDON shares closed lower on Tuesday in depressed mood, taking a late lead from a New York market unsteady after disappointing US growth figures. Dealers said the market had already discounted a more upbeat message from the Confederation of British In4ustiy (CBI) on improving UK economic confidence and the
        754 words
      • 252 28 DUTCH shares ended mixed in lacklustre trade on Tuesday, shedding part of earlier modest gains due to a weak early Wall Street market and an easier late London bourse, traders said. The EOE index closed 0.18 points higher at 275.76, below an earlier high of 276.99. Electronics group Philips,
        252 words
      • 223 28 GERMAN shares took heart from a 40-point gain on Wall Street and the prospect of lower US interest rates and firmed in active pre-bourse trading on Tuesday. The rush of late orders during the last few minutes of bourse trading was also seen setting the scene for further gains.
        223 words
      • 204 28 PARIS shares drifted to a marginally higher close on Tuesday as the market wound down in lethargic trade ahead of a three-day weekend in France. Dealers said trade was very light, with many fund managers taking holidays to coincide with school vacations this week. The bourse itself will be
        204 words
      • 248 28 SWISS shares on Tuesday ended a moderately active session steady after early buying was followed by profit-tak-ing due to a weak bond market. Wall Street's mixed opening left the Swiss market rather uninspired in late trading, dealers said. The All-Share SPI index closed 0.2 points higher at 1,088.1, while
        248 words
      • 110 28 PRICES on the Stockholm bourse rose sharply on Tuesday in optimistic trade after overnight gains on Wall Street and supported by strong demand for Ericsson and Astra. The bourse general index rose 1.13 per cent to 996.38 in turnover of 361 million crowns. "There was strong demand for Astra
        110 words
      • 376 28 ITALIAN shares closed lower on Tuesday as continuing worries about the financial fallout from last week's suspension of a leading broker forced the market down to a fresh nine-month low. "People are not only worried about the settlement of the October account on Thursday, but also about the end
        376 words
      • 159 28 BELGIAN shares closed almost ufK changed on Tuesday for the second consecutive day. Traders said some Belgian institutional investors were step l ping into the market again, but they were mainly concentrating on blue chip stocks. "They are buying shares which aft included in the Bel 20 index when
        159 words
      • 283 28 WEAK US economic data bolstered, hopes for a Fed cut, igniting a shaqj rally in the bond market and lifting Toronto stocks sharply higher on Tues^ day. "The bond market in Canada took.' the lead", closing up about C 51.60 in," the long end, one trader said. US third
        283 words
      • 230 28 IN JOHANNESBURG, industrial shares rallied near the close, but golds, ended lower on Tuesday as the gold price traded at around US$35B aft:, ounce, dealers said. The JSE all-share index ended 11 points higher to 3,47K;: The all-gold index was 11 points lowerat 1,176, while the industrial index jumped
        230 words
      • 120 28 Oct 29 Close Previous NEW YORK Dow Jones 3.061.94 3.045.62 +16.32 S&P 500 391.48 389.52 +1.96 Turnover (million) 192 160 +32 LONDON Financial Times 30 1.954.0 1.961.3 -7.3 FTSE 100 2.553.3 2.558.5 -5.2 Turnover (million) 563.7 411.2 +152.5 FRANKFURT DAX Index 1.590.75 1.576 81 +13.94 AMSTERDAM EOE Index 275.76 275.58
        120 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1183 29 REPORTS Reuter Tokyo: The dollar was firmer against the yen but little changed versus the mark in dull late Asian trade yesterday. After opening firmer here on shortcovering, it fluctuated narrowly in directionless trade dominated by interbank traders. "1 think
      Reuter  -  1,183 words
    • 390 29 Cross rates Oct 30 USS SS MS Dm Yen SFr AS NZS USS 1.6930 2.7470 1.6850 130.90 0.5782 1.4750 1.2690 1.7905 IV 0.5907 1.6226 0.9953 77.3184 0.3415 0.8712 0.7496 1.0576 -rp 0.3640 0.6200 0.6134 47.6520 0.2105 0.5369 0.4620 0.6518 Dm 0.5935 1.0047 1.6303 77.69 0.3431 0.8754 0.7531
      390 words
    • 530 29 Interbank rates S$ Bid Offer Ov*nntfii 3 J 1/2 1-month 3 U/16 3 IV16 2-month 1 V4 3 7/8 Vmcmth 1 7'K 4 Qtemigfti mode. 3-5/8 L» Bid Offer "> «l»>s 5 1/4 5 .V8 1 month 5 VJ6 5 VI6 I ptooths 5 3/* 5 1/2 J,
      530 words
    • 437 29 Reuter LONDON Nikko Europe pic plans to enter the sterling government bond (gilt) market by the end of March 1992, said chairman Masao Inagaki in an interview. "We hope to start up by the end of our fiscal year, that is, before
      Reuter  -  437 words
    • 341 29 Reuter NEW YORK The US dollar is building for an upside break-out, which could take it above the 1991 highs of 1.84 mark, chartists say. "I see the dollar eventually going back over its last major high," said Jim Tillman, vice-president of investments at Interstate-Johnson Lane
      Reuter  -  341 words
    • 1263 29 SIMEX EURODOLLAR Open High Low Sett E«t Vol Ojylnt Vol Dec 91 94 68 94 64 94 6? 94 68 3500 ***** 6979 Mar 92 94.79 94 79 94.77 94 7$ 4269 ***** 7993 94 79 Jon 92 94 57 94 59 94.57 94 59 16(H) 6216 4200
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  • Page 29 Advertisements

  • COMMODITIES
    • 464 30 Bernama PETALING JAYA Primary Industries Minister Datuk Seri Dr Lim Keng Yaik on Tuesday hit out at the US for seeking an extension of Inra 11, at the same time as when producers were pushing for an early re-nego-tiation to boost
      Bernama  -  464 words
    • 240 30 Reuter RATZEBURG, Germany World coffee production in 1991-92 is expected to reach 98 million 60-kg bags, up 5.2 million bags or 5.6 per cent from estimated production in 1990-91, according to statistician F O Licht in its first 1991-92 production forecast. Output
      Reuter  -  240 words
    • 821 30 REPORTS Reuter THE SINGAPORE rubber market closed slightly higher yesterday on some late covering interest, dealers said. "All the one sheets were marked up slightly on some local isolated covering interest. TSR-20 was quiet while people waited for possible Inro buying but none
      Reuter  -  821 words
  • 1489 30 Rubber Oct 30 US to hah*) S trt* v'kf Noon Ook tnM RSS Prompt 1.39 50/140 5«N I39.7VI4075N IimIRS5NOV9I I4050/Ut50 1407VI4I 75 lm 1 RSS Dec 139 7VI40.25 *****/***** tin 2 RSS OP 1342VI3I2SN l V. 2Vl.W25N fM > RSS OP I34 25/I35 25N 134.2VH525N tw 4 RSS OP
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  • Page 30 Advertisements
    • 1405 30 BUSINESS TIMES TELEPHONE: 7JO-5771/5772/5773 FAX: 734-4982 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Lee Nyok Ling of Bk 123 Simei Street 1 105 386 Singapore 1852, have applied for a Retail Beer Shop licence in respect of premises at MA Lee Brother Provision Shop at BDc 225 Simei
      1,405 words
    • 6 30 Innovation Technology in BT every Tuesday
      6 words

  • THE TRAVEL PAGE
    • 1130 31 City Flight ETA HO Aku MuM GA975 I .TOO GA89J 3140 GASBT 1415 JUMM4* Qf 081 1820 QfOOi 2010 SQ228 2040 AmtarJam SQ2J 0/00 KL834 2305 *L833 0955 GA975 J300 AMCUMM NZ25 1530 BAII 1225 VZ28 1645 SQ325 2215 blVM 0*143 0915 l*M>*«*» GA525 1755 910
      1,130 words
    • 831 31  -  LETTER FROM NAPLES By Nigel Spivey MY first visit to Naples was by train. On the station concourse I was approached by a man who offered me a night with his virgin sister for about £25 (Ss7s). I hurried on, to meet a professor
      831 words
    • 152 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3293 1.3446 Canadian dollar 1.4916 1.5187 NZ dollar 0.9342 0.9625 Sterling pound 2.9129 2.9465 US dollar 1.6906 1.6956 Local dollars to 100 nnits of foreign currency Austrian schilling 14.42 14.38
      152 words
    • 88 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Oct 26- 22th Furniture Milan Trade Associazione 02/*****04 Nov 5-8 International Netherlands Koninklijke ********** Nov 3 Modern Living Fair, Italy Promozione Trade Fair for Nedetiandse Exposition Mostre Waste Processing Jaarbeurs Oct 30- International Santiago. Fena Intemac- **********
      88 words
  • Page 31 Advertisements
    • 34 31 Geneva know when you'll need Finnair for Europe. Because Finnair flies twice-weekly from Singapore to Helsinki then on to over 30 European destinations. Call *****77 for details. We luiow Europe from starl to Finnish.
      34 words
    • 95 31 [f~7a^ I 1 I m W I \Hr I CINDERELLAS ONSHOW I H I I I n '"ilttfc nil". ••><f^-- > v MfW«! HgNfr-i I I u ii IHA I v "7* *»s*\, I W I I j p *%Nl IMmmliik I V <*» I i/ii I i i I
      95 words
  • Page 31 Miscellaneous
    • 331 31 6 Being game, ten perhaps P®y-— will be in the running (10) r j i 111 8 A direction to be off? (4) 9 One's representative revealed as a dolt (9) no] M I I I 11 A Greek character iH 12 Set a member back (3) tlMr®! 13 She's
      331 words
    • 198 31 Singapore Outlook: Hazy with showers over several areas in the afternoon. Report: Maximum temperature 33.0 Assoc humidity 54% Minimum temperature 24.7 Assoc humidity 96% Hours of sunshine 6.45 Rainfall in mm Trace Rainfall this month 52.0 Rainy days this month 5 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 18/11 Cloudy Bangkok
      198 words
    • 10 31 i sv vpvud I J J n6ftNtf>'S CARD. 8548 WdLw
      10 words

  • 325 32 The Middle East peace conference MADRID A historic Middle East peace conference opened yesterday with US President George Bush appealing for a territorial compromise to end 43 years of Arab-Israeli wars and implacable enmity. After host Spanish Prime Minister Felipe Gonzalez opened the
    325 words
  • 350 32  -  Living the Next Lap Blueprints for Business By Colin Tan SINGAPORE Companies wishing to lease premises or land to erect premises in Singapore's first business park can now approach Jurong Town Corporation. The corporation's planning head. Mrs Tam-Lai Seow Yoke, said yesterday the master
    350 words
  • 323 32  -  By Elaine Koh SINGAPORE Development of the Tampines regional centre is gathering speed with Singapore's first telepark and finance park slated for the town centre, and two hectares of commercial land to be released for sale next year. Plans for this hour-glass shaped regional centre
    323 words
  • 234 32 SINGAPORE Vietnam's Prime Minister Vo Van Kict arrived here yesterday and expressed his hope to explore new opportunities to strengthen cooperation with Singapore in the interest of peace in South-east Asia. Mr Kiet is the highestranking Vietnamese visitor to Singapore since 1978,
    234 words
  • 147 32 AFP MANILA The world economy will rebound next year following a depressed outlook for 1991, economists at an Asian Development Bank (ADB) regional conference here predicted yesterday. "The revival in world economic performance will be led by a rebound of the An-glo-Saxon economies
    AFP  -  147 words
  • 400 32 MBT KUALA LUMPUR It will be a record year for listings on the Kuala Lumpur Stock Exchange (KLSE). with 25 companies having come aboard so far and another eight due to get on soon, making a potential total of 33 companies (those
    MBT  -  400 words
  • 896 32  -  The Bottom Line CHUANG PECK MING CHUANG PECK MING The writer is a Correspondent with BT IT'S a wonder that bosses want to hire in numbers even when their businesses are slowing down. The natural thing to do would be to cut back,
    896 words
  • 219 32 Reuter SEOUL South Korea is encouraging its firms to invest abroad to guarantee market access in a world being fragmented into regional trading blocs, a senior trade official said yesterday. Assistant Trade Minister Yu Deuk-hwan told reporters South Korea's trade-driven economy would
    Reuter  -  219 words
  • Page 32 Advertisements
    • 94 32 Nikon The World's Finest Photographic System ■*n%+pvrr fHf >KJL.R GLASS lucky Hj/a fH 7 M2420H Starts TH 2)*****/71S8 C«»ntrepo«<* Tel 7)*****/60) P*r>.«uil* Haf* TH 1)78)09' ))8566) PaU* Re**i*wnce TH 7)***** Chan* Alport Terming 1 Tr*n«* lounge T«4 *****690 'iHridl TH€ HOC/* CLASS Lol 10 Cenrte. Ku«l* lirf«pur Tei 01-*****20 Vow
      94 words
    • 11 32 Tricks or treaties, Pg 13 With hope and trepidation, Pg 14
      11 words
    • 12 32 Vietnam wants Japan to resume ties soon, Pg 8 Editorial, Pg 12
      12 words
    • 126 32 Nikon The World's Finest Photographic System M CHECKED AND I START BUSINESS! I It's waiting for you: The luxury of a fully H furnished executive office with all the H business support facilities you'd ever need secretarial services, conference room, H answering service, fax, copier, telex, word H processor and
      126 words

  • ShippingTimes
    • 347 33  -  By Selva Kumar SINGAPORE Sembawang Engineering Pte Ltd, a member of the Sembawang Group, has completed three accommodation modules for offshore rigs belonging to the Qatar General Petroleum Corporation. Built at a cost of $40 million at its yard in Sembawang, the three modules took
      347 words
    • 520 33  -  By Magdalene Phang SINGAPORE Singapore Airlines (SIA) was among the top 10 international cargo carriers in the International Air Transport Association's rankings of members for 1990. The national carrier took ninth position, one notch above Swissair, with 291,000 scheduled freight
      520 words
    • 902 33 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 APC Line 13 5 < Arrow Inter 9 4 < ASCL 5 1 < ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 18 3 Bangladesh Shpg 8 5
      902 words
    • 308 33 SINGAPORE Stolt Partner SA. which reported a net loss of nearly US$2 million (553.4 million) for the third quarter, blamed its poor performance on the Gulf War and the recession. Stolt Partner president Samuel Cooperman said: "The aftermath of the Gulf
      308 words
    • 365 33 Reuter NAIROBI World air travel will be dominated by a handful of giant firms by the end of the century as smaller ones are forced to the wall by the huge investments needed to stay in business, an industry economist said on
      Reuter  -  365 words
    • NEWS SUMMARY
    • LOGBOOK
      • 138 34 SINGAPORE Garuda Indonesia's first services to China will start on Nov 3. Its DC- 10s will fly from Jakarta, then Medan to Guangzhou every Sunday and Wednesday. The return flights will be on Mondays and Thursdays. Flights between Denpasar and Taipei will go
        138 words
      • 97 34 SINGAPORE DHL Worldwide Express has introduced its Express Line System in Singapore, allowing customers to book a package collection or trace a shipment in a matter of seconds. The system, first launched in Australia in 1988, comprises an integrated modem terminal which is plugged into
        97 words
      • 66 34 MUNICH, Germany A dispute between Deutsche Aerospace AG (DASA) and minority owners of Dornier GmbH is a step closer to resolution following the approval of a profit and loss transfer agreement between DASA and Dornier. A spokesman for DASA, the aerospace unit of Daimler-Benz AG, said
        66 words
      • 64 34 BEDFORD, Massachusetts A large ocean storm is expected to form ofT the US Atlantic coast in the next few days and present a threat to shipping, private forecaster Weather Services Corporation said on Tuesday. The storm is expected to develop from a frontal system stretching
        64 words
      • 79 34 SANTIAGO Chilean national carrier Lan Chile, in which Scandinavian Airlines System (SAS) holds a controlling 35 per cent stake, will turn in a net profit of US$l.5 million (552.55 million) this year, Lan Chile president Jose Luis Moure said on Tuesday. "Operating profit will be
        79 words
      • 59 34 NEW ORLEANS International Shipholding Corp said its common stock began trading yesterday on the New York Stock Exchange under the ISH symbol. It has about 5.1 million common and common equivalent shares outstanding, which will switch to the NYSE from Nasdaq. The company operates a
        59 words
    • 903 34 FREIGHT rates on Tuesday remained high with rising rates in the Pacific time-charter sector particularly expressing the forward confidence in the market, brokers said. As tightness in the panamax market continued this lent support to handysize employment where units of around 40,000 tonnes attracted daily rates from the
      903 words
    • 1091 34  -  While the decision to route the Channel tunnel rail link through east London will speed up developments in the area, transport links are still weak and many feel that real change is a long way off, reports Vanessa Houlder Vanessa Houlder FT THE RECENT
      FT  -  1,091 words
    • 916 34 THIS twice weekly report, compiled by Cocketl Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      916 words
    • 9919 42 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
      9,919 words
    • 3296 47 C onuinerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine; Calsource Shpg Trdg Pte Ltd (S) Ahrenktel liner Service; Kim Shpg Trdg(S). Ylbatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,296 words
    • 255 47 Abacus Couriers Td: 545-8011. Fax: *****98 Air Express Travel Td: 533-5771. Fax: *****44 Airborne Freight Corporation Td: 542-8844. Fax: *****16, *****80. Airswift Worldwide Courier Td: 278-0188. Fax: *****83. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Td: 344-3377. Fax: *****50. Cluster link Supplies A Services
      255 words
    • 1541 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033TFax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax: *****74, *****50. Air Market
      1,541 words
    • 3472 48 ARGENTINA Argentina labour situation normal this week. Buenos Aires: Due to 3 basins occupied as a result of Unitas exercise, there was some congestion last week but situation returned to normal from Oct 19. By Oct 21 most berths were busy but without congestion. San Five vessels in
      3,472 words
    • 556 48 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY" TODAY" KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB BA822
      556 words
    • 919 48 SHIP SALES TANKER RATES VESSELS ON OFFER Balk Carriers Samitral: 75,200 dwt and built Sept 1977 Cockerill, trying for U5511,500,000 including balance of Bocimar charter till Dec 1992, about 3 months at US$ll,5OO per day. Agia Dynamis: 69,107 dwt and built Aug 1977 Mitsubishi, expects around US$ll,OOO,OOO-USS 12,000,000. Agia Thalassini:
      919 words
    • 568 48 CRUISE FERRY SCHEDULES CRUISE SHIPS AfT Pep Name of Vessel ETA ETP Porta of Calh Port Ageat NOV 01 01 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 03 03 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 04 05 Song of Flower 0800 2200 Sin-P Tioman-Sin Neptune Agencies 05 05 Orient
      568 words
    • SHIPS IN PORT
      • 663 49 Vessel Voy No Berth Arrival Departue y WJ4 Voy No Berth Arrival Departure Marina Terminal 1 u To 03£ P07 3010/2359 31 10/1100 Batam Sayang *****1 MO3 alongside 30 10/2300 Long Son 1 1/91 P03 31 10/0700 31 10/2300 Batammdo 1 114S M01 alongs.de 30 10/1700 Marian
        663 words
      • 237 49 Johoro Port Berth: 1: ml; 2: ml; 3; Johan H; 4; Chi Feng Kou; 5: Sang Thai Fortune; 6: Bunga Penaga 01 jetty: Bunga Cenderawasjh, Kraton DCJ: Crane Cosmos. Due on Oct 30: Kapitan Rudnev. Ltna 101, Subur. Gloria. Sri Nam Hua No 2, Bangkhunsa Sea Chieftain.
        237 words
      • 843 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booknf/Babnce Rsits Ship Voy No Etb/Btr Period From To From ACX Dasy 20A 02/1800 1 30/1500 30/1659 30/1900 3 31/0700 31/1159 31/1400 4 31/1200 31/1459 31/1700 Deraiat 960 31/2030 1 30/1500 30/1659 30/1900 2 30/1700 31/0659 31/0900 Dragon Java
        843 words
    • 198 50 Reuter BRUSSELS The European Commission was to decide yesterday whether the Paris government can give Air France about US$35O million (***** million) in aid but was split on the need for state payouts as other big airlines start clamouring for
      Reuter  -  198 words
    • 291 50 AFP MELBOURNE, Australia Divers were yesterday expected to recover the flight recorder of the Boeing 707 which crashed killing five airmen off the southeastern Australian coast, search authorities said. The body of one as yet unidentified crew member, who died when the jet
      AFP  -  291 words
    • 184 50 Reuter COPENHAGEN Scandinavian Airlines System (SAS) will start twice-weekly flights next January between Copenhagen and Vilnius, adding to its links between Scandinavia and the Baltic capitals, an SAS spokesman said. SAS, half-owned by the governments of Sweden, Norway and Denmark, already has
      Reuter  -  184 words
    • 146 50 Reuter BRUSSELS Greenpeace on Tuesday called European Community moves against driftnet fishing for tuna in the Atlantic too feeble to protect sea mammals such as dolphins from getting ensnared and drowning. Ministers agreed that ships which have been driftnet fishing for tuna in
      Reuter  -  146 words
  • Page 33 Advertisements
    • 21 33 Lines and services represented^ Members ef the Registry ef Accredited (?H©bJ) S,ngapof Netlonel Ship-l-'or advertising enquiries, contact Shipping limes: lei 741)-20H9/740-20'M)
      21 words
    • 139 33 m 4 onagers /I/I ust r lanage BT shows you how every Monday. 1 a E >" -'"-4 <* *-> J*.y v >v\ vrt? t r> < wi t ;3 I- ;-x T}J -*>•" v W J i «£i < -Vi >1? iV& v r V s X V jg
      139 words
    • 55 33 Air Forwarders 15 Air Freight Schedule 16 Cockett Report 2 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily Freights 2 Index to Advertisers 1 Port Conditions 16 Shipping Agents 15 Shipptng Guide 10,11 Shipsales Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Transport Diary 3
      55 words


  • Page 35 Advertisements
    • 2353 35 OOCL(S)PTELTD -JARDINE SHIPPING AGENCIES tillf# TEL *****11 FAX *****09 AlllfA BOOKINGS TEL *****34 *****58 HCnXIV TERMINAL/CFS TEL *****18-220 T CCCQQ F 1 PESAKA JARDINE SHIPPING AGENCIES SDN. BHD A PORT Kt LANG TEL *****18 FAX *****91 *****88 ■■fcWJfIH PENANG TEL *****4 FAX: *****1 CFS TEL *****6 ■■■PtPMI Dedicated to Quality
      2,353 words
    • 1810 35 TRANSPORT DIARY No* 8 (9am to 2pm): Inmarsat Mobile Satellite Communications Seminar, jointly organised by Singapore Telecom. Singapore Polytechnic and Inmarsat at the Singapore Polytechnic Auditorium. Kor registration, please contact Vincent Khng. Singapore Telecom at tel: 730-2660. No* 7-8: Seminar on the Shipper's and Carrier's Approach to Marine Insurance and
      1,810 words
    • 1531 35 ■□cmzE3!Ba TWO SAILINGS TO USA SEALAND MARINER V.124E ETA 4/11/91 MAYVIEW MAERSK V.9102 ETA 5/11/91 Vessel Voy ETA I ETO Feeder by u. u i DESTINATIONS World Lynx/ Merkur Delta to This week Mayview Maersk 9102 cy 5/11 oeoo hrs Port IHl■§■§■■■■■ HM CfS 4/11 2359 HRS Kelang Penang OAK
      1,531 words

  • Page 36 Advertisements
    • 977 36 ROTTEDAM/j VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE sssa KATSURAGI 08/143 31/10 23/11 19/11 18/11 THAMES 08/343 3/11 20/11 22/11 25/11 26/11 fiSBHSK. LA SEINE 21/144 7/11 30/11 26/11 25/11 AU MCSTBOUNO HANNOVER EXPRESS 05/344 10/11 27/11 29/11 2/12 3/12 PORT KEIANG t PINANG HONGKONG EXPRESS 04/145 14/11
      977 words
    • 727 36 SEASPAC SERVICE DWECT SOUTH PACIFIC SERVICE SIN nou suv PPT IMPERIAL 2901E8 25/11 11/12 14/12 20/12 AISO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. APIA t NUKUALOAFA DIRECT CHILE/ SOUTH AMERICAN SERVICE SIN IQQ ANF VAP CLX IMPERIAL 2901E8 25/11 3/1 5/1 10/1 11/1 AISO ACCEPTING CARGO TO A
      727 words
    • 1513 36 &sws REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSI VOY SIN ALG BCL HAM BRE ROT ANT Fa LHA (VIA (VIA (VM ALG) HAM) ROT) NORASIA SUN 9134-3 04/11 25/11 27/11 29/11 30/11 31/11 02/12 01/12 02/12 NORASIA PEARL 9135-3 10/11 02/12 04/12 05/12 07/12 06/12 08/12 07/12 08/12
      1,513 words

  • Page 37 Advertisements
    • 1445 37 r SgSteamers Maritime Holdings Ltd P&O Containers Voy fa Klf H'Konf #Pkl Spar* Al| Sou Ant Rot Hb| LED* MAERSK 9112 25/10 27/10 27/10 31/10 14/11 17/11 IS/11 20/11 KORROOM BAY 0570 30/10 27/10 02/11 19/11— 21/1123/11 LAURA ftAAERSM 9112 02/11 04/11 03/11 OS/11 21/11 24/11 25/11 27/11 OSAKA BAT
      1,445 words
    • 550 37 MM STRAITS SHIPPING f *3 Sfinr> to Bn«H East Malaysia, Baaikafe art Vbtaaa ACCEPTS OUI SAH.S CARGO STRAITS HOPE VISE Shan, LD, Taw 1112 Nov 13 No* 15 No* STRAITS VENTURE V 24£ Muara. lab, KK 03 04 No* 05 No* 06 No* RAIAH BROOKE V29E Muara lib. KK In
      550 words
    • 2317 37 TO: U.3.A./PANAMA FM: U.S.A./PANAMA kssu vot sp o«k tGB cm foe won wrc wssti vot wrc won sav cri igb oak GfRMAN SENATOR EFI4I 2/11 24/11 27/11 t/12 11/12 13/12 14/12 D» OAHIANO **137 It/* 2«/S 22/9 27/9 «/10 7/10 4/11 CHOrANG PARK (F144 */11 J/12 4/12 13/12 17/12 11/12
      2,317 words
    • 350 37 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR SENBOKU/ NAGOVA ASEAN TRADER Vl4 ETA SPORE SLD COSMIC LEADER V 5 ETA SPORE 2/11/91 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK STORE PK PI 08N CT GLOBAL 9AHORSE Vioo Sd 1/11 3/11 12/11 17/11 26/11 •Mm c* El. ft PI. GENERAL AGENTS:
      350 words

  • Page 38 Advertisements
    • 558 38 ma CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE «./*OY S'PORE KOMI ADAM HBURG BREMEN WITMRP ■HI 33*8 4/12 «/l 12/1 I®/1 21/1 FAST TRANSIT TIME ACCEPTING SREAKBULK/CONTAINERISED CARGO Sut>4«ct to mdoc«m«n« Atoo «cc«pOnfl carflo to CaMblanca. Port Said. Port Alaxandfia. Ganoa. Trlaata. ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL CARGO VIA
      558 words
    • 977 38 0 HANJIN SHIPPING J—, I riiy I| if HAH IGB OAK FDR VSL SM LIC HUI SW IM wc WCI 2VU Til FBHGUMH) BAY 104N 4/11 H. YOKOHAMA 03SE 12/12 13/12 15/12 M/ Scci 2/12 5/12 MMtOCIISTV 11/11 M MKWTWUS 02tt H/12 20/12 22/12 V\] ,|;i| hkwang yang mze 111!
      977 words
    • 1116 38 —4fjH■l m 1 H n m scf wg kjs nc m «n om net ac no ui cm oal it i« anw adm w m no am fkl I E GENTRY K #31 C/U 7/11 12/U IJ/U 15/U 11/11 15/U 21/U a/11 23/U 25/11 O/U U/U M/U 21/12 M/U 31/U
      1,116 words

  • Page 39 Advertisements
    • 1976 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: NEPTUNELINKTEL *****00 jrZr USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 m AUST/INDIA/PAK SERVICE .*****18 CFS K27 EXPORT *****53/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT NEPLINE SDN BHD MALAYSIA K L -(03) *****33, P.
      1,976 words
    • 1092 39 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: *****11 *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND—PtSCHARfING WtSTBOtfC—LOAOKG TKANSHPPED W ROTTERDAM 55 ior |sm |mla mG "wr [w fnu [wc fa»«
      1,092 words

  • Page 40 Advertisements
    • 1546 40 K»* ft ICR No: 1244C*****0M) V «p m AS AQENTS: KAWASAKI SINOAPOHI (FT!) LTD W TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/0/9 M lv Pv MALAYSIA: "K" LIME MAfHTIMC (MALAYSIA) SON RHO TEL: SA *****00 PK *****01/5 PENANQ *****0 JB *****1. ■■■■i KAWASAKI KISEN KAISHA, LTD Indonesia: p.t sarana laut
      1,546 words
    • 1191 40 PHILI-OM€NT UNCS PTC LTD 1* 108 Robinson Road #07-00 GMG Building Singapore 0106 Tal: *****22/*****69/*****00 Talax: RS ***** PHIU FAX: *****76/*****38 by air, land or 5ea..... WE TAKE ON THE WORLD FOR YOU QSA MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 5 NOV MONTREAL. OTTAWA. TORONTO. 7 NOV DUBAI, DAMMAN. SHARJAH.
      1,191 words

  • Page 41 Advertisements
    • 1108 41 -SSgPff PACIFIC INTERNATIONAL LINES (PTE) LTD gg /I Bi P,L Building, 140 Cecil Street #03-00, Singapore 0106. [JAKARTA I [BANGKOK __U VESSEL VOY SIN JKT SIN VESSEL VOY ®'N BUNQA TERATAI 443 3/11 5/11 10/11 KOTA SURIA 9109 1/11 4/11 EDEN 491 5/11 7/11 12/H JENLINK ™N 1/11 4/11 6/11
      1,108 words
    • 709 41 'BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE L6HAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY; SCAN SWEDEN Toyaina 386 3T/I0 21/11 22/11 Komgan* 390 6/11 23/11 24/11 25/11
      709 words
    • 321 41 |5\ BKS ASIA CONTAINER SERVICE S port B'kofc Pt|atus Pto|t»« V69OM 1 Ho* 5 No* Ingenurty VIS7N 5 No* 9 No* Pegasus Progress V69IN S No* 12 No* Ingenurty WMW 12 No* 16 No* General Agents: Tel: *****22 Ben Line Agencies (S) Pte Ltd F«x: *****63 s*zz (National Carrier of
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    • 514 41 Mb MYANMA \pBßk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen PGdg PAGAN VI76W 30/31 Oct MCRGUI VIIOW 6/9 No* HPA-AN VI69W 11/13 Nov PINYA VUSW 20/24 Nov PAGAN VI76W 26/2S Nov HPA AN VI7OW 30/2 D«c THE BANK LIME (A service of Andrew Weir
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  • Page 43 Advertisements
    • 725 43 TO EUROPE jNORTH CONTINENT-UK-SCANDINAVIA) WEEKLY PEEPER VESSEL PKLANO PENANO OCEAN VESSEL SIN ILE HAVHE(I) WDAM(2) S HAMPTONQ) M BUWO<4) O BUHO (8) 8. S«fO|i< Bhum 27/10 29/10 26/10 24/10 Toyama/386 In PI 22/11 8. S*.o)j/W Bhum 27/10 29/10 26/10 24/10 Korri,an/398 6/11 23/11 24/11 26/11 27/11 imMt/H Bhum 1/11 3/11
      725 words
    • 668 43 Nedlloyd neolloyd europe T Nedlloyd Lines SERVICE OFFERS YOU 17 OA YS TO LE HA VRE I HEW ZEALAND/FIJI VESSEL Jkt P.Kg 'Pen *Bkk Sin S'baya Auckland Fiji(A) N.Plymouth(A) Timaru Lyttetton(B) Dunedm(B) Napier Wefcfton(C) Tauranga N 9ochester/9127S 2/11 4/11 4/11 4/11 5/11 9/11 22/11 4/12 13/11 14/11 15/11 15/11 16/11
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  • Page 44 Advertisements
    • 759 44 V •TO AUSTRALIA/NEW ZEALAND I Jin iFrtm Tm»«i |s«t Uxck fS« |P CHAIM MARTHA 211 lt/U 22/11 77/11 2/1? 1/12 »/l2 11/12 HUN MUOIC 2«2 1/12 J/12 14 12 11/12 24/12 27/12 wussil 2sj 17/12 it i 2 ji 12 «/1 TFTi TsTi f C VMOIMf ?M J/1 10/1 IS/1
      759 words
    • 964 44 EXPORTS TO HONGKONG, TAINAN, MANILA t lAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE "OUTMUWP' VOY PKL PEN WT SIN MNL HKG KAO KEE TYO SMi ~MGO KOB~ VESSEL VOY SIX |PKL PEN BLW SIX TSA CHORUS 256 *25 10 30 10 211 511 711 12 11 13 11 14 11 ACX
      964 words
    • 1517 44 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINKR SERVICE MALAYSIA'S agehts SINGAPORE'S GENERAL AGENTS amnesia s agents CHUNG CHIAO SHIPPING SDN BHD COSTAR SHIPPING PTE LTD P T. GLOBAL PUTRA 5 i;« T ritt Sa TEL: *****00/*****33 INDONESIA MARITIME PENANG TEL *****1 RX MA ***** TELEX: RS *****/1 COSHIP *T TEL:
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  • Page 45 Advertisements
    • 479 45 BUSAN "EVER GIANT" RE-045 KEELUNG "SEA RANGER" 422 KAOHSIUNG "TSK CHORUS" 258 HONG KONG "JAPAN SEA" 131E ACCEPTING CARGO TILL 30/10 NOON CALL US NOWI FAST DfItECT REGULAR SERVICE TO INOONESIA PORTS PK. BALAM/PANJANG/PALEMBANG/MUNTOK VSI ETA ETD LOADING FOR DCll INDAH In Pt 3110 91 PK BALAM LAMPUNG JAVA In
      479 words
    • 505 45 St RICHFIELO MARINE AGENCIES (S) PTE LTD Sk TEL: *****33 (12 Llrwa) m FAX: *****15/*****03 fH TELEX: RS ***** RISHIP (3 Llms) \W\ ETHIOPIAN SHffWWfi UNB f 1 (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOAOtNQ FOR SPORE ANCXNET 26wi 16/12 DARESSALAAM. MOMBASA DJIBOUTI ASSAB. MASSAWA
      505 words
    • 1366 45 JAKARTA BANGKOK »o» \m\m\ <n \\m Iwt mm*m MM WM »5S 2/lt 5/11 HANT* BHUM 64A m P; 31 10 Sun 3/11 t CIE §£11 HAM BHUM* 07* In ft 31/10 Smi 3/11 BHUM 110S S/ll 12/11 EAGLE mm 140 10/11 15/11 ffl U BK 03W M 1/11 4/11 SURABAYA
      1,366 words
    • 330 45 tajpa TK&vunc VSL VOY SINGAPORE MADRAS SMGAPORE VESSEL VOY SM MM SM TIGER CLIFF 06CS SM 05-07/11 13 14/11 TIGER SHARK 02* 03-03/11 09 11/11 17-11/11 TIGER STAR 178N 00-09/11 15-17/11 23-24/11 VSL VOY SMQAPORE/CALCUTTA/BMQAPORE VESSEL VOY SM CAL SM EAGLE BREE2E 0«1 03-03/11 10-14/11 20-21/11 LNOTSE 411 OC-07/11 13-17/11
      330 words

  • Page 46 Advertisements
    • 1226 46 i a wmmmmmmmKmmmmmmmmmmmmsm&ttmxrn mac-nels s-pore PENANG: (04) *****6 SIBU. (084) *****9 KK: (088) *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA. (31) *****0 UK/SCAN/MiD PORTS COLOMBO®. AFRICA PEN PK SIN If" SIN Colombo 5/11 6/11 7/11 5/11 6/11 7/11 Ldn/Flx/Rdm/Ant Durban/Pt Louis 6/11 7/11
      1,226 words
    • 342 46 ffgfc BLUE star line TO FROM D/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN NPI AKL L*T StN MAHSURI 0506 In Port 6/JI VIA NPI t/ll 2S/11 PROSPECT 15S 9/11 W/ll VIA J/J I MANOAMA 0508 19/11 30/11 VIA NPt 2/12 29/12 FULLY CONTAINERISED
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    • 888 46 THONG SOON LINES PTE. LTD. M- 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****68 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL Ivor In* [pest vessel voy SPORE f. KEIAWC
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    • 316 46 NVOCC FRATA CONTAINER LINES ARE PROUD TO OFFER OUR CONSOLDATIONS TO A WIDER VARf TY OF PORTS. PORTS FREQUENCY/MTH ETA SIN TRANSIT TM AUCKLAND 3 SAILINGS 10/11 14 DAYS BANGKOK 4 SAILINGS 1/11 3 DAYS CALCUTTA 4 SAILINGS 4/11 5 DAYS CWTTAGONG 4 SAILINGS 6/11 5 DAYS COLOMBO 3 SAILINGS
      316 words



  • Page 49 Advertisements
    • 145 49 i ••py v: An P A Jkß B B L Jr x K">V 5-MMf;: PK^ 9 K^ v V --a HyC T Bj| g&7gq|fe HH|H|^^B m9m 'M, Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept
      145 words
  • Page 49 Miscellaneous
    • 307 49 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 1200 1300 1400 1500 1600 *****100 1900 *****100 *****300 JR 08 09 12 16 18 20 21 20 19 16 15 15 15 17 19 22 25 26 26 24
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  • Page 50 Advertisements
    • 911 50 CHARTPOINT Every Saturday in Business Times NOTICE M.V "GLORIA ACE" Voy. 14 arr'd Singapore 18/10/91 "COSMO ANOEL" Voy. 1 arr'd Singapore 22/10/91 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the Ist November 1991 (Friday) Paslr Panjang Wharves
      911 words
    • 214 50 jag] PT. CELEBES LINES dedicated common feeder service to from INDONESIA Vhml Voy eta eta eta Sin Surabaya Jakarta Bontang Pacific 8B 01/11 04/11 Tanto Utama 203 02/11 05/11 Nusantara Pacific 1B 04/11 07/11 Bontang Pacific 9B 08/11 11/11 Tanto Utama 205 10/11 13/11 Also accepts LCL FCL to Surabaya
      214 words
    • 796 50 CHARTPOINT Every Saturday in Business Times 1 VISA FREIGHT SERVICES PTE LT (INTERNATIONAL FREIGHT FORWARDERS) MHF 10 AN9ON ROAD. M&O9. INTERNATIONAL PIAZA, HNGAPORE 0207 TEL 22MMt <11UNES) TEI£X RS M7O VSA FACSIMLE ***** M We Sail The World For You REGULAR CROUPACE LCL CONSOLIDATION SERVICES IMPORT EXPORT United States of
      796 words