The Business Times, 18 December 1991

Microfilm: NL17726
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Wednesday, December 18, 1991 75*
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  • NEWS SUMMARY
    • Article
      SNC meets in Phnom Penh for first time
      54 1 PHNOM PENH The Secretariat of Cambodia's Supreme National Council (SNC) met in Phnom Penh yesterday for the first time. The meeting signalled that Cambodia's peace process was back on track, after nearly being derailed by a Nov 27 mob attack on Khmer
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    • Article
      US housing starts fall sharply in November
      32 1 WASHINGTON Housing starts dropped sharply by 2.1 per cent in November, after having climbed by 7.3 per cent in October, the Commerce Department reported yesterday.
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    • Article
      China raps US threat
      41 1 CHINA has said a US threat to impose punitive tariffs on Chinese goods is "discrimination" and has warned Washington that such measures will not compel Beijing to take action to protect US patents and copyrights Page 2
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    • Article
      Venture capital boom
      26 1 SINGAPORE'S pool of venture capital funds has surged from $47.6 million eight years ago to more than $2 billion this year Page 3
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    • Article
      Thai growth forecast
      31 1 THAILAND'S economy is expected to grow 8 per cent next year, with the second half playing an important role following the stabilisation of the political situation Page 9
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    • Article
      Bleak US signals
      30 1 OUTPUT at US factories, mines and utilities slumped sharply in November, prompting warnings that the economy is on the brink of falling back into recession. Page 11
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    • Article
      Miyazawa's match
      30 1 JAPANESE Prime Minister Kiichi Miyazawa is reputed to be an able administrator with a flair for diplomacy, but rice and political reforms may trip him up P>P 12
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    • Article
      Call for changes
      46 1 TWO NEW studies in Britain have called for changes to the legal framework so that business owners can enjoy the informality of operating as a sole trader or a partnership combined with the protection provided by trading as a limited company Page 14
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    • Article
      NOL eyeing stake
      33 1 NOL may consider taking a stake in soon-to-be-privatised carrier Empresa Lineas Maritimas Argentinas (Elma) once the terms of the sale and the price are clearly defined. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      31 1 WALL STREET prices opened slightly higher yesterday, with the main indicator gaining 2.91 points (0.1 per cent) in the first five minutes of trading to stand at 2,921.% points.
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    • Article
      Footsie lower
      24 1 LONDON share prices were lower at midday yesterday. At 1230 GMT, the broad-based FTSE 100-Share Index was down 7.1 points at 2,433.7.
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    • Article
      A giant Centrepoint
      30 1 THE TRANSFORMATION of Centrepoint Properties Ltd from a second-rung player to a giant will be completed by the end of March 1992 at the latest Page 6
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    • Article
      NZ properties for Hind
      24 1 HIND HOTELS International has acquired two industrial warehouse properties in Auckland. New Zealand, for NZ$5.l million (554.7 million) Page 6
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    • Article
      NatSteel cuts price
      26 1 NATSTEEL today lowers the price for steel bars by an average of $35 per tonne, its third price cut this year Page 6
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    • Article
      POSBank surplus
      23 1 THE Post Office Savings Bank has forecast a sharp fall in its net surplus to 5i04.26 million next year Page 8
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    • Article, Illustration
      STOCK INDICES
      28 1 Tae*day Change BT-MGA 708.95 -012 Kuala Lumpur ..543.30 Tokyo 22.736.29 -100.38 Hongkong 4.185.03 +13.37 Sydney 1.599.7 "5-5 Monday Cha«®e New York 2,919.05 +4^9 London 2.444.4 -10.8
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    • Article
      CURRENCIES
      24 1 Exchange rates USS ss 1.6480 100 Yen SS 1.2845 MS SS 0.5999 Money market rates Overnight 1 -1 3/8 3-month 2 7/8% +1/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix USS357.10 -USS2.95 RuW)^f S'pore Jan l27.25'/kg -0 50 M'sia Jan 214.50*/kg -0.50 KL rm Turnover 43 tonnes Spot MS14.65/kg -0.04 Crude palm oil Turnover 615 lots -689 March MS904 /tonne +6
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  • Article
    SES to seek more details when firms raise funds
    571 1  -  Move aims to make directors more accountable to shareholders By Quak Hiang Whai SINGAPORE Tougher rules are in store for publiclylisted companies, with the Stock Exchange of Singapore now expected to insist that they disclose more when proposing equity raising exercises
    571 words
  • Article, Illustration
    Siam Motors makes export move
    463 1  -  S$ 130 m programme to make cars for export By Genevieve Cua SINGAPORE Thailand's automotive giant Siam Motors, the sole distributor for Nissan cars in the country, has begun to implement a two-billion baht (SSI3O million) programme to manufacture cars for export. The group gave
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  • Article, Illustration
    Lock icon MCC files for Chapter 11 protection in US
    355 1 The Maxwell muddle Agencies LONDON The indebted public flagship of the Maxwell publishing empire, Maxwell Communication Corporation (MCC), has filed for protection from creditors in a US bankruptcy court. The protection apparently covers only MCC's US assets, but US businesses including publishers
    Agencies  -  355 words
  • Article
    F & N writes off $62.7m in NZ's Magnum Corp
    546 1  - F N writes off $62.7m in NZ's Magnum Corp By Lee Han Shih SINGAPORE Singapore investors' love affair with New Zealand hit a bad patch yesterday when the Fraser and Neave (F N) group announced it had written off 5562.75 million or a quarter of its investment in brewer Magnum
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  • Article
    Lock icon Iran's giant gas find
    105 1 Reuter NICOSIA Iran announced yesterday that it has tapped into the world's largest gas field, finding reserves worth US$2OO billion where its Gulf waters meet Qatar's. It said its section, called the South Pars Field, holds 100 trillion cubic feet (2.8 trillion cubic metres) of gas,
    Reuter  -  105 words
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      Page 1 Advertisements Column 1
      169 1 EXECUTIVE PLACEMENTS S *****62_ ■.-II!! J.I /tecraft SchedJe -31 Money Changer Rates 31 World Stock Markets 3 Commodrfies —30 Money Market 29 Cmhotv News 6,7 Regional News 9 Cryobc Crosswoii 31 Regional Stock Markets 27 For market indees, edrtoral 12 SES 20-22 adverting and erection ex Fraroi News 8 Share
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      Page 1 Advertisements Column 2
      7 1 Wearnes drops $15.5 m bombshell, Pg 6
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    • Advertisement
      Page 1 Advertisements Column 3
      95 1 Sole Agent: H.W. Shelley Co. (Ptc) Ltd. 1991 Year of the Regulator for S'pore market, Pg 6 Lion's share of profits, Pg 6 Analysis, Pg 13 INTERNATIONAL BUFFET (1-31 DEC) At our International Buffet, you can treat your palate to superb fare from exotic regions all over the world in
      95 words
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  • PAGE 2 NEWS
    • Article, Illustration
      Lock icon Trade pressure won't work, China tells US
      418 2 Agencies BEIJING China has said a US threat to impose punitive tariffs on Chinese goods is "discrimination" and has warned Washington that such measures will not compel Beijing to take action to protect US patents and copyrights. Such foreign pressure did not work
      Agencies  -  418 words
    • Article
      Lock icon Thailand, Taiwan in Indochina pact
      231 2 Agreement to cooperate in trade and investment Reuter TAIPEI Thailand and Taiwan have agreed to cooperate in expanding trade and investment in Indochina, Taiwan's Economics Ministry said yesterday. The agreement was reached in a meeting between Thai Commerce Minister Amaret Sila-on and Taiwanese Economics Minister
      Reuter  -  231 words
    • Article
      Lock icon Hongkong's banking sector set to grow next year
      376 2 AFP HONGKONG The colony's banking sector is poised to grow next year, which is expected to see sustained economic expansion, a leading local banker said here yesterday. Tony Nicole, area general manager of the Standard Chartered Bank, said: "Hongkong's rapidly growing trade
      AFP  -  376 words
    • Article
      Lock icon India can resume commercial borrowings: finance minister
      616 2 Forex reserves surge to USs3.lb Reuter NEW DELHI India's foreign exchange reserves have surged to US$3.l billion (Sss.l billion) from US$l.3 billion (552.14 billion) in June, allowing the government to resume overseas commercial borrowing. Finance Minister Manmohan Singh said on Monday. "The earlier
      Reuter  -  616 words
    • Article, Illustration
      Lock icon Singapore's venture capital funds exceed $2b
      424 3  -  EDB sectoral review of local enterprises More than 100 local firms have benefited from funding By Carolyn Lim SINGAPORE Singapore's pool of venture capital fund has grown by leaps and bounds from $47.6 million eight years ago to more than S2 billion this year.
      Source: EDB  -  424 words
    • Article
      Entrepreneur's spinoff from MNCs
      338 3  -  Applied Precision now supplies precision moulds to MNCs By Carolyn Lim SINGAPORE Mr BK Hun of homegrown company, Applied Precision Pte Ltd, is a good example of how entrepreneurship can be cultivated in the environment of a multi-national corporation. After putting in ten years in the
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    • Article
      Malaysian property market seen heading for slowdown in 1993
      807 3  -  From Sylvia Wong in KUALA LUMPUR THE Malaysian property market is due for a downturn in 1993 after five successive years of growth, according to a review by Rahim Co Chartered Surveyors Sdn Bhd of Kuala Lumpur. In an interview with
      807 words
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      Page 2 Advertisements Column 1
      64 2 "fT M »17 OCEANTOWERS Direct link to the MRT Column-free office f f\// jT f space Computerised building management wr jmgf 4 system Sophisticated card-key security WjJL. jl system High speed lifts Ample carpark lots fj?V OFFICES FOR LEASE. READY IN EARLY W SHOW OFFICE READY FOR VIEWING Ife/IIIMTOTOS PlVllOfft:
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      Page 2 Advertisements Column 2
      80 2 I Mobil Congratulates Tan Cheng Peng NRIC No. *****56H Winner this Marathon top lucky draw prize I Mobil would like to thank the a a I Singapore Amateur Athletic I Association, organiser of the "Wm *Wp|\ I Mobil Marathon, and co-sponsors I H-Two-O, Nature Spring, Subaru, I Asics, Citizen, The
      80 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      153 3 The most successful hotel in a world famous and uniquely beautiful tourist area I iflfiSr 2 >y- I THIB jj3J ii a S NORTH ISLAND, NEW ZEALAND JLandmark location in the capital city of New Zealand's tourism industry, and centre of Maori JfrWjl 163 guest rooms and suites, 39 villas,
      153 words
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      Page 3 Advertisements Column 2
      42 3 AvJ,}"-- GKi MP JBf j IH r*' 1 i■ P .19 .M CT 4Nk f.vi r- r v< T,i K fl i i Dw i v gentleman GIVE N C H Y s«!IHIKi®SSSaaS3SS SS^H^«S®s £iS I nryp. CtWIBPOWT3ABAH. j L LB it^___
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        Low-income earners urged to use C, B2 wards
        127 4 LOW-INCOME PATIENTS should save their money by using subsidised C and B2 hospital wards, H<alth Ministw Yeo Cheow Tong said yesterday after a tour of Toa Pa y° h tal, which has just upgraded its C wards. Mr Yeo said services provided
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      • Article
        S'pore-M'sia fibre-optic link
        73 4 SINGAPORE AND MALAYSIA have established their first fibre-optic telephone link to meet the growing Subscriber Trunk Dialing traffic between the two countries. In a statement yesterday, Singapore Telecom said the land-line link was "one of the fruits" of a memorandum of understanding it signed with Telekom Malaysia
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      • Article
        Workplace safety standards
        104 4 SAFETY PROBLEMS in the workplace could not be solved bv more legislation or enforcement, the Parliamentary Secretary for Home affairs and Labour, Dr Ong Chit Chung, said vesterday. Safety at work required the attention of senior management, he said at the Labour Ministry's Safety Performance Awards presentation
        104 words
      • Article
        Austrian envoy meets President
        57 4 THE AUSTRIAN AMBASSADOR, Dr Erich Binder, presented his credentials to President Wee Kim Wee at the Istana vesterday. Dr Binder was previously ambassador to Thailand and a special adviser to the Austrian Ministry for Foreign Affairs He also served as Austria's ambassador in Tunisia (1975-78), Finland
        57 words
      • Article
        MRT extends Xmas Eve service
        101 4 SINGAPORE MRT LTD will extend train services on Christmas Eve The last northbound and southbound trains will leave Orchard station at I.ooam. The usual six-minute interval between trains will be halved to three minutes between 7.00pm and 9.45pm this Christmas Eve. J° «owd problems, commuters
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      • Article
        Boon Tat Road closure
        44 4 BOON TAT ROAD will be closed to traffic between Robinson Road and Shenton Way from 7pm until midnight tomorrow. The closure is to facilitate the trying out of the refurbished Telok Ayer market as a night shopping and dining walkway.
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    • Article
      Niche market in Vietnam-bound business travellers growing
      369 4  -  By Hong Lee Tiam SINGAPORE Singapore travel agents are doing brisk trade signing up businessmen going to Vietnam to explore opportunities there. The businessmen are meeting Vietnamese officials informally and at the same time carrying out first-hand reconnaissance on possible markets. Daniel Sin,
      369 words
    • Article, Illustration
      Kazakh tourism mission visits Singapore
      315 4 Team promoting Kazakhstan as tourist destination A SEVEN-MAN Kazakh delegation is in Singapore to promote tourism between the two republics. Speaking through an interpreter yesterday, the head of the tourism delegation, Zhankeldi Seitov, said the main task of the group was to finalise the details
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    • Article
      S'pore computer makers make an impact in Iran
      306 4  -  SL Schutz Lee SINGAPORE Singapore computers dominate the Iranian market and there is scope for even more sales as demand in the Western Asiaß nation grows, according to the Trade Development Bdard. In a statement issued yesterday, the TDB said 10 load
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    • Article
      SBC posts higher after-tax profits
      226 4 THE Singapore Broadcasting Corporation (SBC) has increased its after-tax surplus by 9 per cent to $49.6 million for the financial year ended March 31, 1991, according to an SBC release on the corporation's 1990-91 Annual Report. After-tax surplus increased in spite of a $28 million
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      436 4 A specialised two-day briefing for the Asia-Pacific energy and aviation industries featuring a distinguished international panel ■MUtfUELS'92I Strategic Commercial Utilisation Trends Acio'c firct rpnional conference on the strategic supply, demand, product utilisation and pricing Vends In impact on comrr«rdal aviation in the Asia Pacific from the airline and oil industry
      436 words
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      Page 4 Advertisements Column 2
      129 4 INTEL SINGAPORE LTP^^ PCS ASSEMBLY MANUFACTURING LINE Major Equipment Includes: Asymtek 4036 Auto Masker Fuji GLI Glue Machine Fuji GSP2 Screen Printer Fuji GL2 G,ue Mach ine Fuji CPII Pick/Place Fu CPIH Pick/Place Zevatech PPM-2426 Pick/Place Genrad 2272 Tester Wronics 722 Ovens EMC3 ?C^l£ leanef i iniuaroai CanuAncof Zehntel ZlB2O
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      104 5 |I^^Bnrai»^a 9 With over fifty-five years of experience, Roy Eastern has earned the reputation for impeccable attention EUfl to detail in servicing watches. And it is this attention that has won the company its appointment IHH as the first DeLaneau Service Centre for the Far East. Bjji 7&oy E9 WdtCh
      104 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        B Sembawang Estate plans Seletar Hills devt
        105 6 SINGAPORE Bukit Sembawang Estate said it has submitted proposals to the authorities to carry out residential development in a number of locations on its land in the Seletar Hills area. These proposals are part of its current development programmes at Dedap Gardens and
        105 words
      • Article
        Matsushita (M)'s interim profits up
        83 6 KUALA LUMPUR Matsushita Electric Co (M) Bhd yesterday announced a 19.4 per cent increase in group earnings to M 522.77 million (S$ 13.66 million) for the six months ended Sep 30, 1991, up from M$ 19.06 million in the previous corresponding period. Group turnover rose
        83 words
      • Article
        Tang I-Fang in consultative group
        60 6 SINGAPORE Tang I-Fang, the executive chairman of Wearne Brothers as well as United Engineers, has been appointed to a new high-level regional consultative group by Pacific Dunlop Limited to assist the Australian company's expansion in the Asia-Pacific region. Known as the Western Pacific Rim Advisory
        60 words
      • Article
        Taiping incurs M$714,000 loss
        86 6 KUALA LUMPUR Taiping Consolidated Bhd has reported an unaudited loss after tax and minority interests of M 5714,000 (*****,400) for the half year ended Oct 31, 1991, compared with a $759,000 profit in the same period last year. Group turnover increased by 6.3 per cent to
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      • Article
        New Nanyang Press (M) director
        66 6 KUALA LUMPUR Nanyang Press (Malaysia) Bhd has announced that Dr Tan Tat Wai has been appointed director of the company, while James Lim Cheng Poh has resigned from the board of directors of the company. It added that its financial year-end will change from Dec
        66 words
    • Article
      Berjaya posts 4pc rise in interim profit to M$11.69m
      245 6 KUALA LUMPUR Berjaya Group Bhd (formerly Inter-Pacific Industrial Group Bhd) yesterday posted a 4 per cent gain in interim net earning to M$ 11.69 million (557.01 million) from MSI 1.23 million a year earlier. This came on the back of a
      245 words
    • Article
      Wearnes drops bombshell by posting $15.5m loss
      591 6  -  Computer division contributes to first group loss since early 1980s By William Chia SINGAPORE Wearne Brothers Ltd dropped a bombshell yesterday with its announcement that it has suffered a group loss of $15.53 million in the year ended Sep 30, compared to group
      591 words
    • Article
      NatSteel cuts steel price by another 5pc
      508 6  -  By Salil Tripathi SINGAPORE Nat Steel today lowers the price for steel bars by an average of $35 per metric ton, its third price cut this year. The 5 per cent reduction was in response to continuing softness of international steel prices, raw
      508 words
    • Article
      Lock icon M$15m capital for fund to finance small firms
      226 6 Bernama KUALA LUMPUR The Malaysian Venture II fund to provide financing for the growth of small and mediumsized industries was launched last night with committed capital of MS 15 million (SS9 million) from both local and foreign investors. The chairman of Malaysian
      Bernama  -  226 words
    • Article
      1991 — Year of the Regulator for S'pore market
      702 6  - 1991 Year of the Regulator for S'pore market By SN Vasuki SINGAPORE Recent guidelines issued by the Stock Exchange of Singapore (SES) making it mandatory for listed companies to give more information on senior managerial appointments is the latest in the series of measures taken by the SES this year
      702 words
    • Article
      Centrepoint set to be property giant by March
      357 6  -  By Lee Han Shih SINGAPORE The transformation of Centrepoint Properties Ltd (CPL) from a second-rung player to a giant with interests in offices, shopping centres, industrial parks and condominiums will be completed by the end of March 1992 at the latest. CPL
      357 words
    • Article
      M'sia accounts for lion's share of F&N drinks profits
      327 6 SINGAPORE Earnings from soft drink operations in Malaysia accounted for the lion's share of profits in Fraser Neave's drinks and dairies division, as Singapore's mature food and beverage market, coupled with a strong dollar make growth here more difficult. Briefing the
      327 words
    • Article
      Hind Hotels buys two NZ industrial warehouse properties
      298 6 SINGAPORE Hind Hotels International, which announced plans to expand into property investment earlier this year, has acquired two industrial warehouse properties in Auckland, New Zealand, for NZ$l5.l million (5513.7 million). The group, which is in the hospitality industry in Singapore, has Imperial
      298 words
    • Article
      Lock icon Tax sought from Pebble Beach golf course owner
      312 7 Japanese company said to be more than USs3m in arrears Reuter MONTEREY, California Officials have filed a tax lien against the Japanese-held company that has owned the world-famous Pebble Beach golf course on the central California coast since late 1990. Monterey County
      Reuter  -  312 words
    • Article
      Thai group to buy 4 hotels in Indochina
      320 7 BANGKOK Thailand's Rajthanee Development Group of companies plans to buy four hotels in Laos, Cambodia and Vietnam, the Bangkok Post reported on Monday. Group chairman Boon Vanasin revealed that the group' would buy one hotel each in Laos and Cambodia, and two
      320 words
    • Article, Illustration
      Lock icon Carbide to take US$80m charge for cost cutting
      359 7 Reuter DANBURY, Connecticut Union Carbide Corp, which has announced a spin-off of its thriving industrial gas business, will take an aftertax fourth-quarter charge of US$BO million (S$ 132 million) to US$lOO million to pay for a second stage of a cost-cutting campaign,
      Reuter  -  359 words
    • Article
      Lock icon Nike's international sales boost second quarter profits
      527 7 Reuter SEATTLE Nike Inc's aggressive expansion into international sportswear has helped boost its profits and insulate the company against the effects of a relatively sluggish domestic sportswear market, analysts said. Nike shares rose two to 63-7/8 after the company reported second quarter per
      Reuter  -  527 words
    • Article
      Hongkong TV maker set for January listing
      377 7 HONGKONG Hongkong's largest television manufacturer and possibly its biggest consumer electronics company, Kong Wah International, looks set to become the largest flotation since Harbour Ring raised HKS3S9 million (5576.3 million) in June, the South China Morning Post reported earlier this week. The listing,
      377 words
    • Article
      Lock icon McDonald's to step up plans for expansion in Latin America
      343 7 Reuter CHICAGO McDonald's Corp, after years of laying the groundwork, is ready to pick up the pace of development in Latin America, according to James Cantalupo, president and chief executive officer of McDonald's International. The fast-food chain opened its 200
      Reuter  -  343 words
    • Article
      Fukutake still hoping to buy Berlitz stake
      90 7 TOKYO Japanese publisher Fukutake Publishing Co Ltd renewed hope yesterday that it would buy a majority stake in Berlitz language group from collapsed Maxwell Communications Corp (MCC). "We are all ready," a spokesman said. "We want to ink formal agreement on the purchase
      90 words
    • Article
      Brent Walker chief loses appeal
      104 7 LONDON George Walker, deposed chairman and chief executive of the leisure group Brent Walker Group pic, has lost an appeal against the High Court's refusal to grant an injunction stopping his removal from the board. Former boxer George Walker and his family trusts own about
      104 words
    • Article
      No new funds needed for nuke plant
      105 7 HONGKONG China Light Power Co Ltd said a US$lOO million (SSI6S million) cost overrun at the Daya Bay nuclear power plant in China could be covered by a special emergency fund without fresh funds from the Hongkong company. "Fund injection by China Light
      105 words
    • Article
      Armani opens low-priced store
      132 7 NEW YORK In a sign of the times, Giorgio Armani, one of the fashion world's hottest designers, has opened his first "low-cost" clothing store that boasts jeans, shirts and other basic wear at less than US$lOO (Ssl6s) an item. The new store, in Manhattan's trendy Soho
      132 words
    • Article
      NZ's Electricorp interim profit up
      93 7 WELLINGTON State-owned Electricity Corp of New Zealand Ltd has made a NZ5249.4 million (*****.4 million) net profit for the six months to Sep 30, up from NZ5240.9 million the same period last year. Chief executive Rod Deane said yesterday that the corporation was likely to
      93 words
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      Page 6 Advertisements Column 1
      96 6 The Adelphi No. 1 Coleman Street An address of distinction. Ideal JgBBBBk for medium and large companies. Immediate IMtSfINHH occupation. Office units ranging from 1,400 sq ft to 27,500 sq ft at attractive rentals. Ideal for medium and large companies as headquarters, regional centres or branch offices. Central location, with
      96 words
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      Page 6 Advertisements Column 2
      10 6 Innovation Technology in Business Times on Tuesday y v t
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Lippo bank expects 1991 profit to rise 25pc
        75 8 JAKARTA Lippo Bank expects to increase its annual profit by 25 per cent this year. Company director Laksamana Sukardi said yesterday that the bank reaped a gross protit ot Rdl9 39 billion (S$ 15.5 million) in the third quarter. Its loan-to-deposit rate
        75 words
      • Article
        Offshore Taiwanese bank bonds
        39 8 TAIPEI Taiwan yesterday authorised selected banks to issue bonds offshore. Finance Ministry officials said the move will help the 12 selected banks reduce capital costs by issuing bonds in countries where interest rates are lower.
        39 words
      • Article
        Trinkaus sees satisfactory 1991
        66 8 DUSSELDORF Germany's Trinkaus Burkhardt KGaA said that it expected full year 1991 profits to be satisfactory after strong growth and profits in the first 10 months of this year. A 44 per cent rise in poup partial operating profits to 89.6 million marks (5593.7 million) by
        66 words
      • Article
        US thrift agency sues governor
        53 8 WASHINGTON Federal thrift regulators filed suit on Monday against Arizona Gov Fife Symington on charges that he breached his responsibilities as a director of the failed Southwest Savings and Loan Associationi inPhoenix The suit seeks more than US$l4O million (*****.7 million) from Symington and 11
        53 words
    • Article
      Lock icon New probe on BCCI-linked financier
      466 8 Court papers reveal state grand jury moves in Manhattan AP i i NEW YORK Court papers revealed on Monday that a state grand jury in Manhattan is considering criminal charges against Ghaith Pharaon, the Saudi financier already accused of wrongdoing in the Bank of Credit
      AP  -  466 words
    • Article
      POSBank lowers income forecast for 1992
      429 8  -  By Dawn Tan SINGAPORE The Post Office Savings Bank (POSBank) has forecast a sharp fall in its net surplus to $104.26 million next year. The figure represents a 45 per cent fall over the projected figure of $191.08 million for 1991 and the lowest
      429 words
    • Article
      Lock icon BankAmerica merger may save US$1.2b
      266 8 Reuter LOS ANGELES Bank merica Corp said it expects its planned merger with Security Pacific Corp will bring cost savings of about US$l.2 billion (551.98 billion) in the three years after the merger. It noted that some Federal Reserve Board studies have questioned the cost
      Reuter  -  266 words
    • Article
      Lock icon Charles Keating pleads innocent to fraud charges
      217 8 AP LOS ANGELES Charles Keating Jr and four associates pleaded innocent on Monday to a sweeping federal indictment accusing them of racketeering and fraud in Lincoln Savings' record US$2.6 billion (554.29 billion) collapse. Mr Keating, wearing a blue jail house uniform, stood before
      AP  -  217 words
    • Article, Illustration
      Lock icon US primary dealers will see tighter market control in 1992
      698 8 MARKET TALK Reuter NEW YORK US primary dealers, ending a tumultuous but profitable year, face a New Year that will bring greater regulatory control over their market. Salomon Brothers Inc's disclosure of wrongdoings in Treasury auctions dragged the bond industry
      Reuter  -  698 words
    • Article
      Lock icon Two men linked to Tokai scam arrested
      513 8 New twist to loan scandal case NYT TOKYO Investigation into an illegal loan scandal that broke out in July involving Tokai Bank is expected to take a new turn with the arrests in Thailand on Dec 14 of two Japanese men suspected of
      NYT  -  513 words
    • Article
      Lock icon Japanese exchanges tighten rules for futures and options
      297 8 Reuter TOKYO The Tokyo and Osaka stock exchanges will tighten regulations on stock index futures and options trading, including raising margin requirements for futures and options trading effective from today. An official at the Tokyo Stock Exchange (TSE) said yesterday that starting
      Reuter  -  297 words
    • Article
      Lock icon PNB forecast to post 4b-peso profit for 1991
      204 8 Agencies MANILA State-controlled Philippine National Bank is expected to post a record four-billion-peso (SS24O- profit for 1991, company officials said. The country's largest commercial bank, which is undergoing privatisation, posted a net income of 3.3 billion pesos in 1990. Meanwhile, PNB president
      Agencies  -  204 words
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      Page 8 Advertisements Column 1
      66 8 I ABSOLUTE I SMORGASBORG! A complete buffet experience. From dawn to dusk... and into the night. Taiwanese Breakfast Niang Dou Fu Lunch $9.50 Special X'mas High Tea Steamboat Dinner $15.50 (Available for X'mas New Year's Eves at $28.00) Porridge Supper IHHb $10.50 (Available for X'mas New Year's Eves at $12.00)
      66 words
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      Page 8 Advertisements Column 2
      100 8 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available U SS BAHAMAS 900 8.V.1 950 COOK ISLANDS 1600 DELAWARE 295 GIBRALTAR 500 HONG KONG 350 IRELAND 400 ISLE OF MAN 450 JERSEY 900 LIBERIA 1050 MADEIRA 3750 PANAMA 800 U.K. LTD 240 WESTERN SAMOA
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  • THE REGION
    • Article
      Thailand forecast to grow 8pc in 1992
      410 9 Exports expected to increase 20-22 pc BANGKOK Thailand's economy is expected to grow 8 per cent next year, with the second half playing an important role following the stabilisation of the local political situation, says a Bangkok Post report. According to the Thai
      410 words
    • Article, Illustration
      Lock icon Bangkok keen to promote regional cooperation
      345 9 AFP WASHINGTON Thai Prime Minister Anand Panyarachun said on Friday that his country was to "heal the wounds of war" in Southeast Asia and promote regional economic integration following the signing of peace pacts in Cambodia. "For over a decade, the conflicts in Cambodia
      AFP  -  345 words
    • Article
      Lock icon NZ abandons budget targets as gloom deepens
      509 9 Reuter WELLINGTON The New Zealand government yesterday abandoned its pledge to balance the budget by 1994 as deep economic gloom descended over the country. Prime Minister Jim Bolger's Conservative government was battered first by central bank forecasts of negative growth, plunging investment and
      Reuter  -  509 words
    • Article
      Foreign firms plan ventures in E Timor
      305 9 JAKARTA Three companies from Japan, South Korea and Australia have expressed interest in investing in the fields of fishery and livestock husbandry in Lautem regency, 255 km to the east of Dili, the capital of East Timor, according to a Jakarta Post report.
      305 words
    • NOTE BOOK
      • Article
        Subic base to lay off workers next year
        79 9 MANILA US officials have warned Filipino workers to expect lay-offs at Subic Bay Naval Base before the probable closing of the giant installation by January 1993. Filipino sources said the commander of the Subic shiprepair facility, Captain John Hamilton, told yard supervisors
        79 words
      • Article
        Campaign against green groups
        85 9 KUALA LUMPUR Malaysia will mount a public relations drive to fight campaigns by Western environmentalist groups which oppose rain forest logging. "We will engage an international PR firm to counter claims by the environmentalists, who are becoming more militant," Primary Industries Minister Lim Keng Yaik said.
        85 words
      • Article
        Jobless Kiwis for W Samoa?
        64 9 WELLINGTON New Zealand will consider sending some of its record number of unemployed to Western Samoa to help repair the devastation left by Cyclone al, Prime Minister Jim Bolger said on Monday. Mr Bolger said that skilled unemployed people could be flown to Western Samoa
        64 words
      • Article
        Smuggling still plagues Hanoi
        74 9 BANGKOK Tough enforcement efforts have failed to stop widespread smuggling in Vietnam, which is hurting domestic industry and state revenues. Vietnamese Commerce Minister Le Van Triet said more than 150,(XX) motorcycles were smuggled into the country in the past year, along with an estimated 100 million
        74 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      175 9 For 200 years, the watches and movements that bear our name have always been exceptional creations. The v new GP 4900 takes its rightful place at H the highest level of our watchmaking fjS tradition: technical perfection in a Ip harmonious, timeless setting. The GP Bk^H 4900 is available in
      175 words
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  • THE WORLD 1
    • Article
      Lock icon Gatt deadline prompts flurry of phone calls by Bush
      301 10 Reuter WASHINGTON President George Bush has discussed efforts towards a successful conclusion to the Uruguay Round of trade negotiations with leaders of the Netherlands, Britain, Germany and France. The top-level telephone talks come as the head of the world trade body,
      Reuter  -  301 words
    • Article
      Lock icon Gatt farm issues cannot be left to US, EC: Japan
      272 10 Reuter TOKYO Japan's agriculture minister said farm trade issues in the General Agreement on Tariffs and Trade (Gatt) were too important to be left to the United States and European Community. Speaking to reporters, Masami Tanabu also repeated Japan will
      Reuter  -  272 words
    • Article
      Lock icon Three former E Bloc countries sign accords with EC
      416 10 Reuter BRUSSELS Poland, Czechoslovakia and Hungary have signed accords forging closer political and economic links with the European Community, though Spain fought to the end to get more protection for its steelmakers. "It was very hard right up to the last
      Reuter  -  416 words
    • Article
      Lock icon US bill on HK policy puts strain on China relations
      240 10 Reuter WASHINGTON Proposed legislation setting guidelines for US policy on Hongkong after it reverts to Chinese rule is adding to strains in relations between Washington and Beijing. The bill, introduced by Republican Senator Mitch McConnell of Kentucky, has drawn Chinese
      Reuter  -  240 words
    • Article, Illustration
      Lock icon Yeltsin says Gorbachev should resign by mid-January
      303 10 Break-up of the Soviet Union AP ROME Boris Yeltsin sees no role for Mikhail Gorbachev in the new commonwealth of republics, the Russian president is quoted as saying in a newspaper interview published yesterday. There have been unconfirmed reports that Mr Yeltsin is
      AP  -  303 words
    • Article
      Lock icon Sharp slump in US industrial production
      445 11 The US: an economy that refuses to kick-start Reuter WASHINGTON Production at United States' factories, mines and utilities slumped sharply in November, the Federal Reserve said on Monday, prompting warnings that the economy was on the brink of falling back into recession. "It's a
      Reuter  -  445 words
    • Article
      Lock icon Need for Fed to lower rates
      129 11 Reuter NEW YORK The US economy will begin to pull itself out of recession in the second quarter of 1992, but this will require aggressive steps by the Federal Reserve to drive down interest rates, said Robert Brusca, chief economist at Nikko Securities Co
      Reuter  -  129 words
    • Article
      Lock icon Analysts seek explanations for the slow recovery
      357 11 IHT NEW YORK As America's top economists revise their forecasts downward, there is an array of explanations as to why the economy refuses to kick-start. They reach beyond the normal business-cycle diagnosis into the troubled structure of the US economy and changes in
      IHT  -  357 words
    • Article, Illustration
      Lock icon Richer states urged to help struggling east
      355 11 Germany: Dresden congress and manifesto Reuter DRESDEN Germany's rich western states must tighten their belts even more to help the country's struggling east recover from 40 years of communism, a senior aide to Chancellor Helmut Kohl has warned. Volker Ruehe, secretary general of
      Reuter  -  355 words
    • Article
      Lock icon Kohl's party sees expanded role for German army
      373 11 AFP DRESDEN Chancellor Helmut Kohl's Christian Democratic Union (CDU) on Monday discussed a policy blueprint for the 1990s that sees German troops operating outside Europe for the first time since the Third Reich. The controversial proposal, which the opposition Social Democratic Party
      AFP  -  373 words
    • Article
      Lock icon Little Christmas cheer for the Conservatives
      311 11 Britain: outlook still gloomy Reuter LONDON News of sluggish retail sales and a fall in manufacturing output provided Britain's Conservative government with little Christmas cheer on Monday after a year of grappling with deep recession. Retail sales rose a provisional 1.2 per cent in
      Reuter  -  311 words
    • Article
      Lock icon More than 16pc rise in insolvencies predicted
      253 11 Reuter LONDON Individual and corporate insolvencies will rise more than 16 per cent in 1992 in the UK, insolvency specialists Cork Gully predict. "Insolvencies will continue to increase in the next year, although not as sharply as they have risen during 1991," the
      Reuter  -  253 words
    • WORLD WATCH
      • Article
        Bush's approval rating falls to new low
        74 11 WASHINGTON US economic woes have cut US President George Bush's job approval rating to 47 the lowest of his presidency, according to a poll. The ABC News/Washington Post poll showed Mr Bushs overall job ratine was down 12 points in the past two
        74 words
      • Article
        Portugal could join EMU
        103 11 BRUSSELS Portugal could join the third stage of EC Economic and Monetary Union (EMU) if Lisbon meets the economic goals it has set, the European Economy Commissioner Henning Christophersen said. If Portugal follows a four-year plan it presented to EC finance ministers on Monday the budget
        103 words
      • Article
        Franco-Soviet talks to resume
        74 11 PARIS The Russian Republic, which has been delaying the finalisation of a Franco-Soviet food-for-oil barter agreement for several weeks, is likely to give the go-ahead soon to resume talks on details of the deal. "According to our information, a Russian go-ahead to resume talks on oil
        74 words
      • Article
        W German trade surplus falls
        65 11 WIESBADEN, Germany The trade surplus of to be West Germany fell to 1.4 billion marks (551.46 billion) in October from 6.4 billion marks in the same month last year, the Federal Statistics Office saidl on Monday. October imports rose 8.2 per cent to 57.64 billion
        65 words
      • Article
        Seoul to focus on trade deficit
        58 11 SEOUL South Korea will focus on narrowing its trade caD next year by expanding subsidies and loans to exporters, government officials said. Anticipating an increased deficit in 1992, the South Korean government will launch a campaign to save energy and reduce oil import bills,
        58 words
      • Article
        Castro won't abandon socialism
        53 11 HAVANA President Fidel Castro has invited foreign firms to invest in Cuban tourist hotels but said Cuba will not abandon socialism. Mr Castro's remarks, made on Saturday at the inauguration of a new 490-room jointly owned Cuban-Spanish hotel on Veradero Beach, were published in Monday's trade
        53 words
      • Article
        Yes to foreign investment
        50 11 KATHMANDU The federal Cabinet approved in principle on Monday the liberalised foreign investment and simplified industrial policies proposed by Industrial Minister Dhundhi Raj Shastri, the Cabinet announced Our main objective is to encourage foreign investors in Nepal in all types of industrial ventures," Mr Shastri said.
        50 words
      • Article
        India rejects NPT
        66 11 NEW DELHI India, resisting pressure from the US to sign the Nuclear non-Proliferation Treaty (NPT), said on Monday H would not become a party to the pact even it China does. External Affairs Minister Madhavsinh Solanki told Parliament that India would not review its stand on the
        66 words
      • Article
        China bans excessive cheer
        34 11 BEIJING China has issued an emergency order banning excessive holiday cheer over the New Year, sa\ing an> government agencies or companies that spend too much on fun will be punished.
        34 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      1795 10 tSa PUBLIC FINANCE COMPANY LIMITED SUBSIDIARY COMPANY I I BALANCI SMHT JUNi SO. mi CONSOUOATID BALANCI SHUT JUNI 90. mi mm mi mo JS* -22! 22- II am «T mill AMP I SMAMMOUMW OQUHf AMD uAwm ttlitrfflSrAL 3 tjmum 2.000.000 I IMAM CAPITAL 3 I*oo*oo 2 miUIQW—W 4 s 25*52
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      Page 10 Advertisements Column 2
      16 10 The smart addition to your research department is only a phone call away I Telephone: *****63,*****66,*****89
      16 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      111 11 A CANADIAN EDUCATION IN SINGAPORE from Grade 9 to OAC Level.* An internationally recognised diploma signed by the Minister of Education (Province of Ontario. Canada) Course Instruction by fully certified I Canadian teachers JpV Choice of business or science -J Canadian university applications processed by the College while fkg v
      111 words
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      Page 11 Advertisements Column 2
      251 11 The DEFINITIVE reference PAPER CURRENCIES ol the STRAITS SETTLEMENTS, MALAYA, BRITISH NORTH BORNEO, SARAWAK and BRUNEI is NOW available More than 200 superb coloured plates featuring paper notes from The Straits Settlements private banks issued in the 19th and early 20th century The Straits Settlements government issues^^^^^^ Malaya and British
      251 words
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  • Article
    Building new bridges
    441 12 EDITORIAL PRIME Minister Mahathir Mohamad has earned a reputation for speaking his mind. For the Singapore business leaders who met him in Kuala Lumpur last week, that penchant proved most welcome as the Malaysian leader gave them his assurance that investments from the Republic will continue to
    441 words
  • WHAT THE OTHERS SAY
    • Article
      Fair winds blowing
      201 12 NOT too much should be made of the fact that China and India did not resolve their border dispute during Prime Minister Li Peng's visit to New Delhi last week. The border issue was not a good enough reason to vitiate ties between the two nations. China
      201 words
    • Article
      Protecting the environment
      110 12 THE environment has increasingly become an important agenda in Asean cooperation. The recent outbreak of forest fires in Indonesia that affected many parts of Asean has demonstrated the need for close cooperation among the member countries to overcome such environmental disasters. In this context, we welcome the
      110 words
    • Article
      Rebuilding friendship
      164 12 DURING his recent visit to India. China's Premier Li Peng signed three friendly agreements with his Indian counterpart. The two countries are to resume border trade, set up consulates in Bombay and Shanghai respectively and carry out cooperation in technological sphere. Judging from the fact that the Sino-Indian
      164 words
  • REGIONAL VIEWPOINTS
    • Article
      Lessons from history
      190 12 SUBAGYO, a member of the Indonesian Democratic Partv (PDI) faction in the House of Representatives, for example, noted during a hearing that history textbooks sent to East Timor make no mention whatsoever of the history of the area, including the very relevant period of Portuguese colonial rule
      190 words
    • Article
      Towards an open society
      170 12 THE government's initiation of formal discussion on the proposed Information Act is a move in the right direction. But given the sketchy details emanating from the Pattaya seminar more discussion is clearly needed to arrive at a legislation that properly corresponds with the country's prevailing social
      170 words
    • Article
      Clutching at straws
      139 12 THE breakthrough making an agreement possible did not come in Korea, North or South, but in China, which Mr Kim visited recently. He was taken by the Chinese Communist Party General Secretary, Mr Jiang Zemin, to Nanjing, where he witnessed joint ventures at work, and the advantages
      139 words
  • Article, Illustration
    Slaying rice and political dragons
    1001 12  -  The challenges before Japanese Prime Minister Kiichi Miyazawa are daunting and politically suicidal. He has set out to clean up politics and open the rice market, both of which could result in a stinging political backlash. Harish Mehta reports Harish Mehta JAPANESE Prime Minister Kiichi
    1,001 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      25 12 POONESBURY by garry trudeal rrsNoioN&« y(XJ KNOW I HUIO* TOCONTACT I HJHATSHWPEMNS I 60t€SOFT!/75 H MYUMff ABOUT 1 Q HB&.C&rtKXJ? I CUAfBPPOST- £J££i£iLn WHAT? MMNSOM'M
      25 words
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  • ANALYSIS
    • Article
      Lock icon The need for a regional dialogue on security
      737 13  -  South-east Asia should develop cooperative economic and security arrangements for the Asia-Pacific region that would include both Japan and the US, says Tommy Koh Tommy Koh The writer, a former Singapore ambassador to the US and the UN, is' director of the
      IHT  -  737 words
    • Article, Illustration
      Lock icon A lady of substance
      1153 13  -  One of Thailand's largest companies, the Siam group, is run by a woman. Genevieve Cua speaks to her in Bangkok Genevieve Cua KHUNYING Phornthip Narongdej has everything a woman or any man could ever dream of. She sits at the helm of the Siam group, one
      Photo by Arthur Lee  -  1,153 words
    • Article, Illustration
      Now that the centre cannot hold...
      1287 13 Soviet experts assess the fast-unfolding developments in the former Soviet Union MR Gorbachev really did f four great things. One < was glasnost he opened up the Soviet Union, i Two. he brought into being seri- i ous representative institutions, i Three, he made
      1,287 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon Call for new legal format for UK small businesses
      859 14 Two studies show present legal framework is inadequate FT TWO NEW studies in Britain have called for changes to the legal framework so that business owners can enjoy the informality of operating as a sole trader or a partnership combined with
      FT  -  859 words
    • Article
      Buyer's recourse when floor area falls short
      402 14 CAg^ Sin Tong Lee Company (Private) limited v Grace Development Ltd High Court of the Republic of Singapore, Originating Summons No 856 of 1991 Justice Goh Joon Seng. THE ISSUE between the parties was that the floor area of shop premises at the
      402 words
    • Article
      A second look at anticipatory breach of contract
      600 14 Lo Geok Kwee v Suriyakumari d/o kandasamy Go pal High Court of the Republic of Singapore, Suit No 937 of 1991 Justice Chan Sek Reong. THIS MATTER came before the High Court as an appeal from the assistant registrar. He had granted
      600 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      67 14 vi»l^B®? r;: jJW m /|p/ jy jßimV 1 ii »mlt Ml ''--5 mm II m m m itmM i wja, w M] Ik mm It mi M^lgm§ iNr'«fr ,i r vV-- Wfmm Tiffany for Men. From our collcction of classic accessories in gold and sterling silver. Tiffany Co. SINGAPORE: RAFFLES
      67 words
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      Page 14 Advertisements Column 2
      15 14 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times
      15 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      411 15 A leader in the building and repair of aluminium vessels i-% Aluminium Craft delivers crewboat to Berkat Perkapalan I# We have also successfully delivered these vessels: HHBIHft' IM A Luxurious cruisers It J* 1 Catamarans w|H i~ Crewboats J High speed launches J j| Patrol boats 14, vessels fliVMi9;Wiii' fefl
      411 words
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  • SPORTS 1
    • Article, Illustration
      Lock icon Martina, Monica grab headlines
      1021 16 AFP PARIS All too often events off-court stole the limelight in women's tennis in 1991. Monica Seles won every Grand Slam tournament she entered, but made even more headlines for the one she missed. Martina Navratilova, who failed to reach a Wimbledon final for the first
      AFP  -  1,021 words
    • Article
      Lock icon Manchester's bid gets cash boost
      272 16 AFP LONDON Manchester's bid to stage the 2000 Olympic Games has been given a £2 million boost by the British government. The city's Games committee left a 90-minute meeting with Prime Minister John Major and other Cabinet members at 10 Downing Street on Monday with
      AFP  -  272 words
    • Article, Illustration
      Lock icon Once in a lifetime agony for Langer
      908 17 AFP LONDON The cry of agony from Bernhard Langer as he saw the final putt of the 29th Ryder Cup slip by the 18th hole at Kiawah Island will be the abiding memory of a great golf year in 1991. Never has the
      AFP  -  908 words
    • Article
      Lock icon Richard collects top prize in LPGA event
      342 17 AP PRINCEVILLE, Hawaii Deb Richard defeated Kris Tschetter 2 and 1 in Monday's final match of the US$5OO,OOO LPGA World Match Play Championship and collected the US$lOO,OOO top prize. Tschetter collected US$7O,OOO for second place. Richard beat Michelle Estill 2 and I, and
      AP  -  342 words
    • SIDE LINES
      • Article
        Club Nautico franchise goes to Marina View
        81 17 SINGAPORE Marina View Private Limited has acquired the first franchise in Asia for Club Nautico, an international powerboat rental company. The agreement was signed between Marina View and the Hongkong-based Outboard Marine Corporation Asia (OMC), the owner of Club Nautico. OMC is the
        81 words
      • Article
        Hill to go Down Under
        59 17 SYDNEY Former World Boxing Association light-heavy-weight champion Virgil Hill is to base himself in Australia and will have his first fight Down Under in January, said promoter Bill Mordey yesterday. Hill lost his WBA title to Thomas "Hit Man" Hearns earlier this year. The points
        59 words
      • Article
        Challenge in deep waters
        71 17 SAN DIEGO, California A truckload of materials for the Estonia-based Red Star '92 Russian America's Cup challenge yacht has been hijacked and the troubled syndicate has requested a postponement in the official measurement of their boat. Representatives of the Russian challenge syndicate informed the America's Cup
        71 words
      • Article
        Powell sets his mark
        92 17 VENICE World long jump record holder Mike Powell has set himself the goal of winning an Olympic gold in 1992 by extending his world best mark to 9.15 metres. Next >ear have just one objective, to win the Olympic title at Barcelona jumping 9.15 metres," Powell
        92 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      349 16 B» '.V You can tdl a lot about a car just by looking at it And the new Volvo 460 is no exception. Its tow, wide stance and its sleek aerodynamic wedge shape promises surc-fiooted road hokiingand silky smooth performance. A promise that comes true the moment you get behind
      349 words
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      110 17 just wvfly' DECKED THE CABIN </ WITH FLORAL DISPLAYS. 1^ > ■WSflFt* w?/" „y y 4 i/# ////v d* |$&r /4, AS ALWAYS. SCARCELY ANYONE rmrwf 7 appreciated them. i nmL ffTra^r^^*ritMßUlL. In fact, just 18 people did. p ft WUfcß MlAj Not that the flowers weren't absolutely K*i splendid.
      110 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      581 18 Nothing Beats A Bud. fUrcizi^ OF I Ml- .1 KING OF sStr** -i jSL' TANTALISING TREATS Don't miss cxjr weekly specials in Tien Court. 2/12 8/12 Double Boiled Superior Shark's Fin $22.00 9/12 —15/12: Steamed Sultan Fish $4.00 per 100 gm. 16/12 —22/12: Braised Whole Abalone $12.00 23/12 29/12: Small
      581 words
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      Page 18 Advertisements Column 2
      222 18 WHERE TO WINE, DINE \lk feu&Uy 1) lr Make it an unforgettable p /|lr celebration and reminisce 11 H the good old days, with j party games and count- 11 nett for 2 drinks clax with Ovada and Manila Sounds and enjoy their I from 5.00 pm daily. j Happy
      222 words
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      Page 18 Advertisements Column 3
      209 18 ■Jm THE PINE COURT liiN^ J*m Amidst Imperial splendour, our chefs J! ft AHul stage their highly-acclaimed performance HMppyij| fwfyA Belflng cuisine to the satis- jX taction of demantflng diners.To guarantee y/ j your place amongst the discerning, make I vk f\ f M your reservations early. C||ll] f iRI
      209 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      587 18 TELEVISION AND RADIO Justice between friends SSESF fMls 5555!5!!! «ii mi oaMtac ami ProcraauM crew endure mortal agony as 530 Zazaa U 3.25 m: Financial News ■■mniaMaH threatem i up ..wo 592 4 -H, *v*** 7.00 CNN MmtM (L). the ship. ft.3o T)m »My Ml Last Train from Gun Hill,
      587 words
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  • LIFESTYLE
    • Article, Illustration
      The M factor
      1119 19  -  Teter One was on hand at the 3rd International Deep Sea Fishing Championship, recently held in Mauritius, and returned with a catch of stories on whale-sized fish, easy island days and passionate nights Peter Ong MIS for Mauritius. M is for magnifique. And M is for marlm.
      1,119 words
    • Article, Illustration
      Mauritius' favourite S-word
      666 19 "r mhba THEY CAME by boat in the cover of darkness. With just a small bonfire flickering on the beach to guide them, the sega (say-gah) dancers stepped ashore to the pulsating beat of Afro-Mauritian folk music. Without missing a step from boat to beach, five women
      666 words
    • Article, Illustration
      Freddie Mercury lives on at the top of British singles charts
      669 19 FREDDIE MERCURY, the late lead singer with the rock group Queen, was back on top of the pop charts on Monday, three weeks after he died from Aids. Bohemian Rhapsody, which topped the British Broadcasting Corp-Gallup singles chart for
      669 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      183 19 AND ENTERTAIN I? m I•! PfwH Wednesday Malay Temptations J 1 Thursday Indian Favourites Friday Italian Raptures I Saturday Weekend Promotion I (Available for dinner 12 Different types of carvery and salad buffet lunch every day. 12 noon to 2.30 pm. $18.50++ per person. I ANA HOTEL I For reservations,
      183 words
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      Page 19 Advertisements Column 2
      15 19 W Let us make you a shirt. 103-09, Westm PUa. Raffles City. Tel: *****19 d
      15 words
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      Page 19 Advertisements Column 3
      122 19 1991 AT e MARINA BAY CHINA CHINA RESTAURANT Christmas Ball Disco at 558/ person or $560/ table (with The Music Force in attendance) NISHIKI JAPANESE RESTAURANT Set Dinner *at $68/prcson < TEE-OFF CAFE Set Dinner at $38/ person f Complimentary entry to Christmas disco, party set drink You don't kmv*
      122 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Buying interest wanes with weaker overseas bourses
      2980 20  -  By Genevieve Cua PROFIT-TAKING eroded part of the Straits Times Industrials Index's recent gains yesterday, but some dealers remained confident that the benchmark Straits Times Industrials Index would touch the 1,480 level sometime during the week. Dampened by the generally weaker performances of
      2,980 words
    • Article, Illustration
      HOT STOCK
      54 20  -  -By Chew Eng Han Comment THE stock is likely to go for the $2.90-$2.93 level soon. Fiveday stochastic* are nearing 100 per cent, however, which means a downward correction may occur anytime. Suggest liquidating as the stock rallies towards $2.90, but look to accumulate on substantial dips. Medium-term
      54 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3188 22 M Banking 400 6 +1.5% MISC Foreign 470 +6 +1.3% Pdangi Bhd 50* 139 6 4.5% Leader U 384 +4 +1.1% M Cement 50* 214 +4 +1.9% Malayawata 224 +4 +1.8% MUI l$4 +2 +1.3% Sel Drcdg 50* 52 2 4.0% Alcom 146 +1 +0.7%
    3,188 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      66 22 A MONTHLY MAGAZINE OF BUSINESS TRENDS "JggWR The Singapore economy: a replay of'Bs? Jakarta landlord j"|k hothouse aOWERS I Blossoming of South-east Asia's Training and the "third wave" stock markets Getting to know golf 1 I Royal Sporting House keeps running Investment spotlight on SAL Industrial ahead Leasing and' Parkway
      66 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Losses trimmed by late bargain-hunting
      4673 23 Bernama SHARE PRICES ended lower on profit-taking activity yesterday but dealers said that losses were trimmed due to some late mild bargainhunting and index-linked buying. The KLSE Composite Index added 0.85 of a point to 543.30 and the KLSE Industrial Index gained 0.39 of a
      Bernama  -  4,673 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      332 24 rimy —r Y«* otmpim im—fto«»af*>» hi to (L) f* ('990) LumChanj Dec 11 Jun 91 J3,433(J6.806) 2(4) 2(3) Eu Van San« Oec 10 Jun 91 J459(J342) 5.1(18) 1(1) RMCA Re Oec 9 Jun 91 J56.216MJ9.748l) > Pan Facte Oec 6 Jun 91 J795(J1.492) 2.4(4.5) 4(3.5) Palme o HWp
      332 words
    • Article
      PRELIMINARY RESULTS
      137 24 Company Data Yaar Groap pre-tax Nat earnings ann to profit/teas (L) par «**ra dMrfaiid (•000) (cents) Asia Pacific Dec 13 Sep 91 1111.909(195.585) 55 4(46 8 40 6(38 6) F&N Dec 13 Sep 91 $177,416(5141.941) 32 6(30.1) 19.4(17.9) Dec 10 Sep 91 5105,590(583.197) 41.1(30.8) 17(15) Goodwood Par* Dec
      137 words
    • Article
      INTERIM RESULTS
      439 24 Company Data HaH-yaar Grw» pretax ann t« prom/tos> (L) dWdand COOO) Benava Leisure Dec 16 Oct 91 M$42 477(523.678) 5(5) IMC Holdings Oec 16 Sep 91 HK$88.200<$88.416) 16(16) 1X13 *»1 »K1'"<»"«> -<r M Credit Oec 13 Sep 91 $8.544($8.090 Kim Eng Oec 11 Sep 91 $5 000(16.013) Metakoch
      439 words
    • Article
      CORPORATE DEVELOPMENTS
      1108 24 Dec 16 MC Hotdmp has placed another order for a Panama* bulk carrier to be delivered by January 1992. making it the third to be ordered in the past three months. Singapore Aerospace has paid US$4.Sm for a 1001 acquisition of an American company. California Avi-Tron, which makes
      1,108 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      1275 24 Trans Substantial Biiy/ of *mn< SharateWtaf Stock Did Holder Shar#*©M«r/Dlrtctor Sell shares ,v.9/oi Temasek Holdings (Pte) Ltd *B 4,000 51.789 600 346.516 086 54 04 346.520.086 54 04 OSS Land IS Streets MND Holdings (Pte) Ltd 'S 300 000 699 000 000 287 44 33 702.000 44»
      1,275 words
    • Article
      DIVIDENDS ANNOUNCED
      850 24 CwTMt Ex Ma Date T«W tor Tttel tor WMrt (tote ctoM My*W ttoyar tosty* use 50c 12Vb) Dec 30 Jan 14 ten 21 12* 10* Anal Steal 50c 10* Dec 9 Oec 23 Jan 20 20* Ante* Era 20c 6*TE Dec 5 Dec 11 Dec 30 12*TE 12*TE
      850 words
    • Article
      RESULTS DUE
      251 24 Main Board f 2L-SL, S3 *5 J2 1st year (WO) EMS Fmat Nov 6 Jul 91 3.0TC 17,878. Mm Final Dec It Sep 91 125TC ***** IstUn Wenc Dec 28 Mar 92 30.7 10.0 0 PaofcCan Final Dec 28 Sep 91 U7& V*i fa Hunt Fnal Oec 28
      251 words
    • Article
      APPROVED ISSUES
      180 24 Owpg M&* iMMi ok Dm ftauunLMblt n|Ws mm «l» of one-tor-ton *285 par Ex-date: Ok 9 Books dote Ok 19 Acceptance ft*""* g* 1 H Napn Qnetor-o« #12.75 per share J Ei-date No* 12 Boots ctose No* 22 J Acceptance t Payment ton 2 1992 MM FtoMca Two-tof-three
      180 words
    • Article
      PROPOSED ISSUES
      492 24 Company |MU Mi Pk Laid Fogr-tor-seven fe WO 50 per stare j»ch One-hx-one e $130 P» share n< j»978m norwnal amount of 3.5* Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 439m detachable warrants on the bass of $2 nomnal amount of Bonds tor every three existing shares held
      492 words
    • Article
      COMPANY MEETINGS
      127 24 Malayan Unfed Itawfactiri* Bh± EGM at the MUI Plaza Conference Centre, Ist Floor, MUI Plaza, Jalan P Ramlee, ***** Kuala Lumpur, on Thursday, Dec 19, at 10am. Meta First Corporation Bhd: 25th AGM EGM at The Gallery 2, First Floor, The Concorde Hotel, ialan Sultan Ismail, ***** Kuala
      127 words
    • Article
      SCRIPLESS CONVERSION
      104 24 Conversion Special Trdg Scnpless Conversion deadline Period Trading Company starts (IDP) (ST) starts City De* Dec 26 Jan 16 Jan 6 Jan 16 Jan 17 H Neaara Nov 25 Dec 12 Dec 3 Dec 12 Dec 13 HTP Hlds* Sep 16 Oct 10 Sep 30 Oct 10 Oct
      104 words
    • Article
      RECORD HIGHS & LOWS
      145 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 N* 1333.08 (3/6/91) 1»J JJf 1991 tow: 1022.52 (16/1/91) «i Jl ijj n (27/3/90) 1990 h*t 1435.43 (16/7/90). "J S? S m <1/10/90 1990 1m: 981.07 (09/11/90) Si «7 76 26 2/89 1989 1322.00 (28/12/89) J* J8776 {26/ 1989 Z.
      145 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks mixed as foreign investors keep out of market
      2180 25 Reuter THAI STOCKS closed mixed in sluggish trade which focused on continued profit-taking in banks while foreign investors were sidelined by the approaching festive season yesterday, brokers said. The Stock Exchange of Thailand Index fell 1.36 points to 694.12 on a
      Reuter; SOURCE: PONT DATA  -  2,180 words
  • JAKARTA STOCK EXCHANGE
    • Article
      Lock icon Prices remain steady in heavy trading
      1011 25 Reuter STOCK prices stayed steady in sustained heavy trading yesterday due to bargain hunters, brokers said. The official index rose 0.49 points to 246.06 and the volume of trade was 9.66 million shares, compared with Monday's 6.68 million. One foreign broker said the revival
      Reuter  -  1,011 words
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      Page 25 Advertisements Column 1
      9 25 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF COSINESS TRENDS V
      9 words
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      Page 25 Advertisements Column 2
      710 25 BUSINESS TI ME S Toll-free Tel No: 737-0Q43 Fax No: 734 3698 1 International Factors (Singapore) Ltd A member of The ECICS Group 5515,000,000 Series Two Floating Rate Notes Due 1994 In accordance with the provisions of the Notes, notice is hereby given that for the three-month period from 16
      710 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close lower as gains are wiped out
      2573 26 Reuter STOCKS surrendered early gains to close lower yesterday. Futures-linked buying and bargain-hunting lifted the Nikkei to just below 23,000, brokers said. But in late trade local media reports of planned tighter regulations on futures and options trading hit prices, which closed
      Reuter  -  2,573 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks higher on selective buying
      2463 26 Reuter STOCKS finished higher yesterday on selective demand for blue-chip laggards and second-tier issues, brokers said. The blue-chip Hang Seng Index advanced 13.37 points to close at 4,185.03. Brokers said there was some overseas demand for Hutchison Whampoa stocks while property giant Cheung Kong came
      Reuter  -  2,463 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks slide on political uncertainty
      • Article
        AUSTRALIA
        1005 27 POLITICAL uncertainty and the Christmas season slowed trade on the Australian sharemarket yesterday to a trickle and caused share prices to drift lower. Brokers said uncertainty about federal government economic policy and speculation that Prime Minister Bob Hawke will be replaced by Paul Keating was keeping investors sidelined. "This
        1,005 words
      • Article
        Untitled
        612 27 Close Prertow Dec 17 AUSTRALIA All Ordinaries Index 1,599.7 1,605.2 -5.5 All Industrials Index 2,513.3 2,527.2 -13.9 All Resources Index 904 903.3 +0.7 Turnover (million) 67.5 201.5 -134 NEW ZEALAND NZSE-40 Capital 1.413.51 1,432.08 -18.57 MANILA Composite Index 1,111.31 1,113.08 -1.77 Turnover (million) 1,140 1.220.0 -80 TAIPEI Weighted Price Index
        612 words
      • Article
        TAIPEI
        459 27 TAIWAN stocks ended higher in thin trade yesterday, buoyed by newspaper reports that the government would consider lowering the stock trading tax and some expectations of a rally after the Dec 21 National Assembly elections. The Weighted Index opened higher and hit an intra-day high of 4,440 in early
        459 words
      • Article
        SEOUL
        835 27 SEOUL STOCKS slid further for the fourth consecutive day in a gloomy trading session yesterday, brokers said. Investor sentiment remained depressed as there were no market-boosting factors, the brokers said. Selling was fueled by the settlement of margin loan accounts and financial shares led the market decline. The composite
        835 words
      • Article
        Untitled
        305 27 Ia local caneacy la S$ US$ %day %ycar 4ay year day ytv Dec 16 ladex cfaaay date cfcaay cfaaay cfcaay change Wodd 394.1 0.1 10.1 -0.2 4.3 0.3 10.0 tEAFE 497.7 -0.1 5.9 -0.1 0.8 0.4 6.3 Europe'— 403.5 -0.2 10.7 0.0 -0.8 0.4 4.7 SSfc 800.7 0.0 2.3 -0.1
        305 words
      • Article
        BOMBAY
        160 27 SHARE PRICES recovered from their lows after state-owned investment houses turned buyers to halt a slide but stocks still closed down in erratic trade on Monday, brokers said. The Bombay Stock Exchange Index fell to 1,804.81 before recovering to 1,825.45, down 12.43 points. The National Index, representing the broader
        160 words
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  • WORLD STOCK MARKETS
    • Stocks rise broadly on hopes of rate cut
      • Article, Illustration
        NEW YORK
        1162 28 STOCKS closed slightly higher on Monday, posting gains across the broad market. The Dow Jones Industrial Average gained 4.69, closing at '2,919.05. It was the third consecutive session in which prices advanced solidly while investors awaited more economic news. Traders said market sentiment that the 'Federal Reserve would
        1,162 words
      • Article
        AMSTERDAM
        288 28 DUTCH SHARES closed mixed in featureless business with gainers outnumbering losers due to some selective bargain hunting and light option-related demand, dealers said. The EOE index finished 0.81 point higher at 275.11. Some dealers expect it to hover around this level until Friday when December contracts expire on the
        288 words
      • Article
        Untitled
        457 28 Dec 16 Ooac Pmlow NEW YORK Dow Jones 2,919.05 2,914.36 +4.69 SAP 500 384.46 384.47 +0.01 Turnover (million) 172.5 201.4 -28.9 L0N00N Financial Times 30 1,855.4 1.863.9 -8.5 FTSE 100 2,444.4 2.455.2 -10.8 Turnover (million) 358.7 770.4 -411.7 FRANKFURT DAX Index 1.552.89 1.558.34 -5.45 AMSTERDAM EOE Index 275.11 274.30 +0.81
        457 words
      • Article, Illustration
        LONDON
        744 28 SHARE prices finished lower on Monday on London's Stock Exchange after a bomb threat closed the building for two hours, heavily reducing trading. A bomb threat disrupted work at the exchange building, which was bombed by the IRA on July 20, 1990. No bomb was found but the exchange
        744 words
      • Article
        MILAN
        254 28 ITALIAN STOCK prices began the new bourse year, with the opening of the January account, with gains but volumes were thin, brokers said. The thinness of the trading may have contributed to the sharpness of some price rises as the MIB index closed 1.37 per cent higher at 964
        254 words
      • Article
        FRANKFURT
        230 28 THE Frankfurt stock market suffered a small loss on Monday, as the DAX spot trend index shed 5.45 points on the session to close at 1,552.89. The Commerzbank indicator dropped by seven points to 1,782.90. Operators said the market was getting into the slow holiday season, and investors did
        230 words
      • Article
        PARIS
        173 28 LIGHT institutional buying of select blue chips propped up French share prices on Monday at the end of an otherwise lacklustre day, locking in modest gains at the close. Volume of 1.6 billion francs was, in the words of one dealer, "abysmal" and funds continued to shun the bourse.
        173 words
      • Article
        ZURICH
        336 28 SWISS SHARES ended a dull session on Monday little changed. Dealers said the market lacked any momentum and foreign bourses also failed to provide direction. The All-share SPI index, which fluctuated in a four-point range, fell 0.3 point to 1,029.5. The SMI index of leading shares added 1.1 points
        336 words
      • Article
        STOCKHOLM
        204 28 PRICES on the Stockholm bourse closed sharply lower on Monday in moderate trade on higher domestic interest rates and concern over the world economy, dealers said. "The upturn many had forecast does not seem to be coming. Fundamental factors are too gloomy and the expected economic upturn is put
        204 words
      • Article
        TORONTO
        382 28 TORONTO STOCKS ended moderately weaker near the day's lows in slow, pre-holiday trade on Monday, dealers said. "The general market is fairly quiet. We're still getting the tax loss selling," said John Ing, president of Maison Placements Canada Inc. Gold shares slipped after Placer Dome said it will not
        382 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar moves in narrow ranges in late Asia trading
      1214 29 REPORTS Tokyo: The dollar was trading in narrow ranges in late Asia yesterday in the absence of fresh incentives. The US currency was hovering just above New York's overnight closes against the mark, while it changed little against the yen.
      1,214 words
    • Article, Illustration
      Lock icon US$ seen slipping in early 1992 before rebounding
      604 29 Reuter NEW YORK The American dollar will extend its decline early next year before recovering in tandem with the US economy and will itself have little impact on the economy, analysts have predicted. A lower dollar in the first half of next
      Reuter  -  604 words
    • Article
      FINANCIAL FUTURES
      1014 29 SIMEX Eimooo«JJU> Open High Low Sett Est Vol Op/lnt Vol Mar 92 95.58 95.60 95.57 95.60 7634 ***** 7833 J Jun 92 95.46 95.47 95.45 95.47 2902 ***** 3084 Sep 92 95.23 95.26 95.22 95.25 2535 6641 1200 I Dec 92 94.73 94.75 94.72 94.74 1100 1337 216
      1,014 words
    • Article
      INTERBANK FOREX RATES
      386 29 Cross rates p^ 17 USS SS MS Dm Yen SFr AS NZS USS 1.6475 2.7455 1.5770 128.30 0.5488 1.3940 1.2920 1.7986 SS 0.6070 1 6665 0.9572 77.8756 0.3331 0.8461 0.7842 1.0917 MS 0 3642 0.60 0.5744 46.7310 0.1999 0.507 7 0.4706 0.6551 0.6341 1.0447 1.7410 81.36 0.3480
      386 words
    • Article
      MONEY MARKET
      528 29 Interbank rates ss Bid Offer Overnight 1 I "2 1-month 2 5/8 2 3/4 2-month 2 3/4 2 7/8 3-month 2 7/8 3 Overnight mode: 2-11/16 USS Bid Offer 7 days 4 1/2 4 5/8 I month 4 3/4 4 7/8 2 months 4 1/2 4 5/8 3
      528 words
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  • COMMODITIES
    • Article
      Lock icon Australian bureau expects commodity exports to fall
      427 30 Reuter CANBERRA The value of Australia's commodity exports is forecast to fall 5 per cent to A 539.77 billion (5550.87 billion) in 1991/92 ending June, the Australian Bureau of Agricultural and Resource Economics (Abare) said. "The drought and weak commodity prices are set
      Reuter  -  427 words
    • Article
      Lock icon Commodity exchanges mushrooming in USSR
      258 30 Reuter LONDON More than 500 free market commodity exchanges have sprung up amid the ruins of the Soviet command economy, officials and analysts said. The largest, the Moscowbased Russian Commodities and Raw Materials Exchange, claims over 80 per cent of total turnover. "Our main achievement
      Reuter  -  258 words
    • Article
      Singapore rubber closes down despite Inro buying
      877 30 REPORTS SINGAPORE rubber prices closed lower across the board yesterday despite intervention by the Inro buffer stock manager, dealers said. Inro bought an unspecified amount of RSS-1 and SMR-20 at 216.50 and 211.00 Malaysian cents a kg. respectively. But the purchases failed to
      877 words
  • Article
    PRICES
    1389 30 Rubber Deci? US m >■»«») S cents/kg Noon CkMt Im I RSS Prompt I27.2VI2S.25N I26.7VI27.75N Int I RSS Jan 92 127.7VI2S.25 I27.2VI27.75 Ini I RSS Feb 128 50/129 00 128.00/128.50 Int 2 RSS OP l27.0<yi2800N 126 50/I27.50N Im 3 RSS OP I24 00/125.00N 123.50/124.50N Int 4 RSS OP I22.50/I23.50N
    1,389 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1156 30 BUSINESS TIMES Toll fr— Trt No 737 0Q43 'Fix No; 734-36^8 IN THE MATTER Or THE COMPANIES ACT, CAP. 99 AND IN THE MATTER OP MANHATTAN SECRETARIES PRIVATE LIMITED NOTICE OP SPECIAL RESOLUTIONS rOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 2fo) At u Extraordinary General i Meeting of the member*
      1,156 words
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      Page 30 Advertisements Column 2
      6 30 Innovation Technology in BT on Tuesday
      6 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      790 31 ctty n«fet cm nm cm f—t cm KMata LMMT MH640 0005 MH602 0700 MallMH GA895 1235 GA974 0001 MH630 0855 SQ102 0730 GA886 0010 SO 103 0950 MH604 0740 «S-S OSl 2010 2jj| g.05 jMO SOU* OgO sasss —gsr tg;g| KL837 1340 SQ24 2215 MH671 1800
      790 words
    • Article, Illustration
      Dealing in old world charm
      563 31  -  POSTCARD FROM HONGKONG By John Pomfret IN THIS bastion of greed, gold and Gucci, where an appreciation of history is often seen as a psychological problem, a new club is bucking the trend by evoking the decadent charm of the 1920s Shanghai. It's the China
      563 words
    • Article
      MONEY CHANGER RATES
      151 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2701 1.2875 Canadian dollar 1.4255 1.4544 NZ dollar 0.9062 0.9430 Sterling pound 2.9890 3.0295 US dollar 1.6440 1.6510 Local dollar* to 100 units of foreign currency Austrian schilling 14.66 14.96
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      70 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser u *iv»S5 9U Jan 14-18 International Valencia. Feria Muestra- ********** Jan 12-19 Do-lt-yoursdf Utrecht *****55 91 Fair of H ome Spain rio Internacio1992 Trade Show Netherlands Nederiandse Textiles nal De Valencia Jaameun Decoration Jan 14-17 Aerospace NEC Centre
      70 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      7 31 What's theprice for a united Europe? WekMwßur^eflrwi^MttoWnn^
      7 words
    • Advertisement
      Page 31 Advertisements Column 2
      67 31 I Lights,cameral all systems go I Singapore's growing film industry is taking off at last. Encouraged by the making of Medium Rare and Last Blood, three companies are now planning 10 projects. And they're big projects. 1 NEW Each costing about SlO million. NEWS, II Who are they? NEWSY II
      67 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      181 31 29 Typical measure by law- 7 Note inducement tor trademark (4) yers to proceed with trad- arousing sentiment (7) 28 Some placebo the doctor ing suspension (7) g j^ a( j reasons for creating gave the pair of them (4) 30 Arranged sequentially (2,5) misunderstanding (5,8) u 9 Looking up
      181 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      159 31 Singapore Outlook: Showers over several areas in the afternoon. Report Maximum temperature 30.6 Assoc humidity 74% Minimum temperature 24.0 Assoc humidity 98% Hours of sunshine 4.00 Rainfall in mm 8.6 Rainfall this month. 256.9 Rainy days this month 12 World forecast Asia-Pacific Hi/Lo* Cood. Auckland 23/14 Cloudy Bangkok 31/21 Cloudy
      159 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      17 31 W I SoRRV."M?.6RiSTbu|\tM PRIOSHY ™IS RNIN S. ,S l7^i STTH,NGS OFT 7 -—s JJfJ 0582 .ssOCKTiiO-tmPtPCMcTD m;~«i
      17 words
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  • Article
    Lock icon Mahathir begins visits to Japan and South Korea
    426 32 Malaysian PM to seek support for EAEC Agencies KUALA LUMPUR Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad begins visits to Japan and South Korea today to shore up support for his proposal for an economic grouping of some of East Asia's
    Agencies  -  426 words
  • Article
    Lock icon US and EC set to clash over Yugoslav issue
    373 32 AP BRUSSELS The United States and its European allies are heading for a potentially serious rift over how to handle the crisis in Yugoslavia, after the EC said yesterday that it may recognise breakaway republics within weeks. The European Community nations
    AP  -  373 words
  • Article
    Lock icon Cambodia revalues currency in line with market rates
    190 32 AFP BANGKOK Cambodia has officially revalued its currency, the riel. Radio Phnom Penh announced in a report monitored here yesterday. One US dollar (551.65) is now worth 750 riel, the Cambodian National Bank announced. as opposed to 800 riel to US$l, as
    AFP  -  190 words
  • Article, Illustration
    Lock icon Moscow gets breathing space in debt deal
    528 32 Repayments to be deferred for three months Reuter FRANKFURT Soviet bankers yesterday won a crucial three-month breathing space in bank debt repayments. A meeting of representatives from 12 major banks, the Soviet Foreign Trade Bank (Vneshekonombank) and the Russian central bank agreed that
    Reuter  -  528 words
  • Article
    Lock icon Australia rejects Portuguese protest over Timor Gap deals
    232 32 AFP JAKARTA Australian Ambassador to Indonesia Philip Flood rejected Portuguese criticism of the Timor Gap oil-production sharing treaty when signing contracts with private consortiums here yesterday. Australia was bound by its treaty on East Timor signed with Indonesian in 1989 "the same
    AFP  -  232 words
  • Article
    Lock icon Hanoi seeks third party to help tap biggest oilfield
    204 32 AP BANGKOK A joint Viet-namese-Soviet oil producing venture has agreed to invite a third party to help tap Vietnam's biggest oil field, the official Voice of Vietnam radio has reported. It said Vietsovpetro's management agreed on Monday that plans should be
    AP  -  204 words
  • Article
    Lock icon Israel, Palestinians back away from threats to end talks
    344 32 Reuter WASHINGTON After four days of haggling in a corridor of the State Department. Israel, Jordan and the Palestinians yesterday agreed to make what could be a final attempt to resolve their procedural dispute. At issue is the precise relationship between
    Reuter  -  344 words
  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      122 32 a l\/l C=l F=? S HZ I —II 3 FOOD AND ENTERTAINMENT COMPLEXES AT MARINA SOUTH LEISURE PARK UNDER INSTRUCTIONS FROM THE MORTGAGEE BANK 1) LOT 139 TS 30 ("MARINA 3) LOT 121 TS 30 fGARDEN FOOD VILLAGER CENTRE"} A series of low rise buildings A aeries of single storey
      122 words
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      Page 32 Advertisements Column 2
      52 32 Foreign firms plan ventures in East Timor, Pg 9 3 Investments AU ON MAJOR ROADS Blue Chip Secure Tentants. Long leases. CBD West Perth High Yields CBD-12.4M syr lease. Nationol Tentant. CBO-$1.35M 15yr lease. National Tentant. WIST PfRTH-$3.9M syr lease. National Tentant. Contact Perth Sales Dept. iftt Wllklm A/H (09)
      52 words
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      Page 32 Advertisements Column 3
      104 32 pr~g Yeltsin says Gorbachev should resign by mid-January, Pg 10 Analysis, Pg 13 r n The Tradition Of Blanc^im \w I k\\ v. \v HSBr a Av IM f?> uWm B BlancpaiN THf MOtm GLASS Lucky «a*a TH: *****20/1 Scott* TH: *****27/7198 Centrvpomt Tel: 7 J***** PpfwvMjii Kua TH: J*****9/*****63
      104 words
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  • Shipping Times
    • Article
      NOL may consider stake in Argentine carrier
      510 33  -  By Dexter Lee SINGAPORE Neptune Orient Lines may consider taking a stake in soon-to-be-privatised carrier Empresa Lineas Maritimas Argentinas (Elma) once the terms of the sale and the price are clearly defined. An NOL executive confirmed that company officials met members of a
      510 words
    • Article
      Lock icon Soviet shipping company may go public
      352 33 AP VLADIVOSTOK When the Soviet Far Eastern Shipping Co wanted to order 18 new cargo ships, the Japanese conglomerate Mitsubishi had one big question: Could it pay? "I told the Mitsubishi representative what our net profits were, and he said, 'Well, you have no
      AP  -  352 words
    • Article, Illustration
      Keppel repairs world's largest tanker
      222 33  -  By Selva Kumar SINGAPORE A Norwegian crude oil tanker, which was crippled by five Iraqi Exocet missiles in May 1988, has been given a new lease of life by Singapore's Keppel Shipyard. The 565,000 deadweight tonne, Jahre Viking, arrived at the. Keppel Shipyard in October
      222 words
    • Article
      Chinese airline buys 5 Boeing 757s
      221 33 SINGAPORE Chinas fledgling independent carrier Shanghai Airlines has ordered five more Boeing 757-200 aircraft worth US$275 million ($453.8 million) as part of its aggressive fleet expansion. Barely five years old, Shanghai Airlines plans to increase the frequency of its flights to existing domestic destinations
      221 words
    • NEWS SUMMARY
      • Article
        Saturn: GM's last hope
        36 33 GENERAL Motors' reccnt gloomy announcement of a major round of layoffs has put pressure on its Saturn plant, GM's experiment to come up with the very best way to build cars P««e2
        36 words
      • Article
        American Express close to buying Lifeco
        68 33 AMERICAN Express is on the verge of signing an agreement to buy the Lifeco Travel Services Corp, the fifth largest travel agency in the US, for about USSIOO million ($165 million) in a move that would greatly expand its corporate travel business and probably
        68 words
      • Article
        GM cancels press reception
        39 33 GENERAL Motors Corp, caught in a swirl of publicity about huge financial losses from its North American operations and the likelihood of layoffs, has abruptly cancelled its traditional holiday reception for news reporters. Back Page
        39 words
      • Article
        Ariane rocket launched
        58 33 WESTERN Europe's 48th Ariane rocket put two telecommunications satellites into orbit late on Monday after a launch from a European space base in the jungles of French Guiana. After lift-off at 2319 GMT, the Ariane 4 rocket deployed into space the TELECOM 2A satellite for France Telecom
        58 words
    • LOG BOOK
      • Article
        Dona Paz victims to sue for negligence
        140 34 MANILA Survivors of the world's worst maritime accident accused a Philippine shipping company and the US oil giant Caltex of negligence and sued for millions of dollars. Renato Asistorga, one of 26 survivors of a collision between the passenger vessel MV Dona Paz
        140 words
      • Article
        Staff opt to join new company
        69 34 KUALA LUMPUR Almost all of the 10,583 Postal Services Department staff have opted to join the corporatised Pos Malaysia, according to its workers' committee. "From our feedback, almost all of them have opted for Scheme B which means they will join the new company
        69 words
      • Article
        C & W declines comment
        75 34 C W declines comment LONDON A spokesman for Cable and Wireless pic declined to comment on weekend press speculation concerning its Mercury Communications unit and American Telephone and Telegraph co (AT&T). A Sunday Times newspaper report said C W is considering selling a stake in Mercury to AT&T as well
        75 words
      • Article
        Boost seen from Ohio expansion
        75 34 PHOENIX America West Airlines Inc expects "an operational and financial boost" from expanding its operation at Columbus Ohio's Port Columbus International Airport, president and chief executive Michael Conway said. A statement said it will offer an introductory US$49 (S$81) one-way fare between Columbus and Chicago.
        75 words
      • Article
        Ford division to relocate
        64 34 DEARBORN, Michigan Ford Motor Co announced on Monday its parts and service division will begin relocating 700 employees from an office in suburban Dearborn to Detroit's Renaissance Center during the second half of 1992. Thomas Wagner, Ford vice-president and division general manager, said the action will
        64 words
      • Article
        Workers take industrial action
        88 34 CARACAS Venezuelan aviation workers voted on Monday to initiate work stoppages and a general slowdown starting yesterday to show their support for Venezolana International de Aviacion SA's Viasa striking pilots. The growing labour conflict threatened to throw Venezuela's airline industry, already in turmoil because of the
        88 words
    • Article
      WEEKLY FREIGHTS
      151 34 Freight rates eased sligh '.y in lacklustre trading over the past week, traders said. The Baltic International Freight Futures Exchange (BIFFEX)'s Baltic Freight Index fell 14 points on the week to finish at 1,547, reflecting a lack of activity in the run-up to the end-of-the-year holiday period. In
      151 words
    • Article
      DAILY FREIGHTS
      518 34 THE CHARTER market on Monday was quiet and largely featureless but appeared more settled than last week, when Soviet freight debt uncertainties weighed heavily on sentiment, dry cargo brokers said. A Soviet-bound fixture was done by Ferruzzi from the US Gulf to Novorossisk, involving 90,000 tonnes of wheat
      518 words
    • Article, Illustration
      Lock icon Saturn: GM's last hope
      1456 34  -  General Motors' recent gloomy announcement of a major round of layoffs has put pressure on its Saturn piant, GM's experiment to come up with the very best way to build cars, reports Doron Levitt Doron Levin NYT DETROIT'S pronouncements ricochet around Spring Hill, Tennessee, like bullets
      NYT  -  1,456 words
    • Article
      INDEX TO ADVERTISERS
      1250 34 Page Col ABC Conuinerline 12 I Accord Group 8 1-3 I Ahrenkid Liner 16 4 Allied-Link 16 4/5 a Anglo Orient 16 1/2 a •ANL 3 1/2 •APL S 3 A.P.C. Lines 13 5 A cWirt housing 15 4 Arrow Int 9 4 Asian Break-Bulk 16 3
      1,250 words
    • Article
      THE SHIPPING GUIDE
      6810 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
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    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        261 49 tor lb lati kiM M Ami E105 SOI 18.12/0000 19.12/0100 Marina Tanatatai 1 Lut«Mr 8 *****1 »7 18.12/1000 ia.12/1400 !TS£ SL 5 £52 SgS TO uw> on pec 19 Ctoroaosappa 07/91 »3 «-^0200 (Janida 628 M05 Hongsde 18. 2/2300 Bar* ArM Dapart*» foanrte 47/91 M02 iWp* 17.12/2300
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        IN MALAYSIAN PORTS
        202 49 Www Nrt Berth: 1: n* 2: Da Jin Chuan; 3: Samudra Samrat, 4: lerensk; 5: Smga Sailor; 6: Kota Machan. tjijttty-.ni. fiCJ: Ocean Progressiva en Dae 17: Kaptan Rudnev, Global Mercury. Gma, Sun &wer. Mam Tenteram. Out on Dk It: Green Sea, Pemas Safan, Timber Trader VI,
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        CONTAINER SCHEDULE
        867 49 MU'AILllk Record Bootaf/Mwct Voy No Etb/Btr Pwiod From To From MX Jade 63A 18/1000 Canceled ACX Uly 188 19/1800 3 4 17/1500 18/0700 18/1200 17/1659 18/1159 18/1459 17/1900 18/1400 18/1700 H 18/0700 18/1200 18/1159 18/1459 18/1400 18/1700 19/0315 17/1500 17/1700 17/1659 18/0659 17/1900 18/0900 203 20/0100 18/0700 18/1200
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    • Article
      Lock icon American Express close to buying Lifeco
      212 50 NYT JMEW YORK American Cxpress is on the verge of Signing an agreement to buy Ihe Lifeco Travel Services Corp, the fifth largest travel agency in the US, for about XJSSIOO million ($165 million) in a move that would fcreatly expand its corporate travel
      NYT  -  212 words
    • Article
      GM cancels reception for journalists
      186 50 DETROIT General Motors Corp, caught in a swirl of publicity about huge financial losses from its North American operations and the likelihood of layoffs, has abruptly cancelled its traditional holiday reception for news reporters. The reception was to have been held today at the Detroit
      186 words
    • Article
      Lock icon Ariane rocket launched
      66 50 Reuter KOUROU, French Guiana Western Europe's 48th Ariane rocket put two telecommunications satellites into orbit late on Monday after a launch from a European space base in the jungles of French Guiana. After lift-off at 2319 GMT, the Ariane 4 rocket deployed into space the TELECOM 2A
      Reuter  -  66 words
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      44 33 7, I\* p^jj|p^WB^WKBWBB *'"^^iiip^y^*£%S*^iiSw^*^p^?JT .-> -:'£y* (cT _^_TV >5, —/"'r-sf U r J^^^ a a uV q yj l 1 \\C- 0° /^C-^^\Hx> m I 0 <3!(A\ I 0 0 r m I )h 7\V i I ft Jr^ B WVi o V U J
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      Page 33 Advertisements Column 2
      191 33 m j onagers /l/l u !L« r lanage BT shows you how every Monday. Contaner Schedule 1? Daily FrwgWs 2 Index to VWertsen 2 Stypng Gurfe 10,11 Shps in Port 17 Singapore Tides 17 Transport Oary 3 Weather and Sea Condibons 17 Weekly Freights 2 I^!hipe i 'WaxUM k hM
      191 words
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      1238 35 saaasaaees FGSN aSo? S^Bh PO4ANO TEL: *****4 FAX «8631 CFS TEL: *****6 Dedicated to Quality Service ooa > FMm m "'"l "/ol w/S! i'/w! w/o! ii/oi SS» g» E IS S3! Stt! "'/SI SWi jggffem? He 1"/ M 103/0? 105/02 lo«/<g l_£Li£ LJL2I *****1 ALSO ACttTTWG TO OTHER W WWTS
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      1068 35 TRANSPORT MARY IM2 Feb 21-24: Air Traffic Services in the 21st Century 4th Symposium, jointly organised by Civil Aviation Authority of Singapore, Federal Aviation Administration, USA, Department of Civil Aviation, France and State Institute for Air Navigation, USSR at the Raffles City Convention Centre. For further information please contact Singapore
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      Page 35 Advertisements Column 3
      534 35 ■DEBaB33E3Ii YEAR END LOADER TO USA t PNW SERVICE WN 31/13/IMI t V«MI Voy I ETA I ETO Fwdar by i 1 DESTINATIONS Wortd Lynx/ JohMM W f. §re^'SsoS« ?Rs IS S 125- i' ~#lif iB I! I! **********11 asi S! »i al h h sk ss ss ss S3
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      865 36 PfS RQTTEDAMd VOY NO B'PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE < zsz ißa m Ss 22/H 1 i w/i iS/i wi K^HH HAMBURG EXPRESS 06/151 26/12 I|/' £J,\ 2 1/1 ■fflH>ji^TOKJO EXPRESS 03/351 29/12 15/1 17/1 20/1 w |Hm| %%!jr s&s s; £j gj |i ISKp EXPRESS g/301 gj »>2
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      725 36 TMtrv lIITIC r mmr nam gmcf roratH rent WB m I EfKSaa- SffiSMS «i S3S i TrtiM TMM (U) <'•) I M.SO ACCEFTHS CAMO M MM TO; LMITOM. PMO MGO. I AM. NUKUALOFA, f. MLA I FASTEST m TO CMLE/TCTU SIM too ANF SAI VAP CLX I OOPtAPO 3002 a
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      Page 36 Advertisements Column 3
      870 36 MntAMAun fcM SBOULAII MPgPP«eKT WILL CONTAMEH SBWVICS Wbl ÜbUMb l-AR EUROPE IBM" RR 0" ft a WXASIA SAMANTHA 9141-3 22/12 13/fl lt/U JJ/JJ mjm SSST42 3 41 a/12 201 g/oi g/01 a/« g/« M/Si 03/02 os/g W/« $g Is 2 !i/8 srisrss! as«. ■CAM) PORTS. VALENCIA MA. AL6ERCBAS #M TM
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      1960 37 sAippug limes, weonesaay uecemaer u w»i SgSteamers Maritime Holdings Ltd| I I Containers «ey He Kl| MH«, #ru S'MT* <1 Id hi Hbf n u,t I CM uuß mam mm m/u it/n is/u i»/i* m/»i m/m m/ii m/«i Icm LNUVOOL MT MM 17/11 li/12 21/12 17/11 44/41 11/41 Mrw>l IW
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      1117 37 mmj i r.m'jiTTsrrrm! ITpbUhmMRmH JJEI WT MB 1M CM FM IOT MR NTC Igßflg WC I— CI f om JL_ BVAN6 aim (TIM fl/ll 14/1 14/1 24/1 24/1 24/1 11/1 1/1 «—CM 4EMIW MI«J »/14 l/« Vll 1/11 IJ/11 */ll CYANS SUCCTO EFMI 11/lf 21/1 M/l 2/t M l/l 10/f
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      416 37 r^wrryjpffffffjfffwSiSSlßntfr STRUTS/ JAPAN/ STRAITS SERVICE I SPECIALIST IN ROM) t HEAVY UFTS I [v cssa Ivor Isr lli pae Hti 11 mam i» i«/u I EASTBM RMY 1 19/12 f COSMC chmunge* u 20/12 22/12 sai m. "5 20/12 22/12 1 I MEM Imm "l 5 21/12 22/12 I cosmc
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      515 38 r»gc CR NBR **********0-D EXPRESS SEm-COMTAIWERSHIP SERVICE TO EUROPE W./WY IS'fOK AMU/AMU HTUK MMA 9UMMTA/33N8 21/12 24/1 2S/1 3/2 5/2 KUTM/24M8 3/1 «/2 H/2 15/2 W* FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAMERISED CARGO S«itot«ct to Inducement Mm accapttofl cmr*o to CaMbtanca. Port Said. Port Atenndrta, Genoa, Trtoato. ALSO ACCEPTING BOTH CONTAINERS,
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      1029 38 (g) HANJIN SHIPPING Ica QU R» m W UK MAUL IM *TC FM VSL l T, MMMKUNSANNK 23/12 M. PtOSPOdTT UK l/I J/l 5/1 MN« VANCOUVER N7E 17 2 187E 30/12 N. KW VQH I3K «/2 7/2 9/2 HAN* SATTLE 0211 SwCWUWrt S/l N. TOKOMMA 137E 13/12 14/2 U/2 USSS3?
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      1043 38 y i J.T J.I 4JTM hq am Kg at U m WT fli RET 110 111 M H INC UN M Ml IV Ml W CM Jl OJP I, I «Tli If tn 11/12 11/12 K/12 2S/12 27/12 WU 2/1 7/1 U/l W I/* VI 11/2 12/2 U/2 M/l IVI
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      1463 39 NEPTUNE AOENCES PTE LTD SINGAPORE TEL: *****77 (CR NO; **********0E) BOOKINGS: NBTUNEUNK TH. *****00 (TOLL-FREE) UK/EUROPE BERVICE :Z7BOllB UBABERVICE :*7BOIIB AUBT/tNDU/PAK SERVICE *****18 FAR EAST SERVICE *****48 *****22 DOCUMENTATION DEPT :*****44/*****14 M IMPORT *****368/*****50 CF& MBS EXPORT *****53^*****04 NEPUNE SON BHD MALAVMA «<«*. M *****0. J.Bahm-f?7) *****3,*****4 Jakirta (21) *****12,
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      943 39 siNsov *****1 (REGULAR INDEPENDENT SERVICE) j FULL CONTAINERSHIP SERVICES EASTBOUW)—O6CHARQH6 *iIhjUND—LOAOW6 TMNSWfH) WA gMM «E5 WT I- |«a -p«r~ jm |m I*B I- |m ion. \m t«n in n OOMHOM 41(11 07/12 11/12 14/12 41W1 10/12 «M/ 01 W* KC *10/01 *01/01 *00/01 *H I>/fll k n* JmSm crai 12/12
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      1419 40 v-ft AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CH No: 1244I*****0M) J w w V TEL: *****77 TELEX KAWAJG R*****5 FAX: I I IVI IT MALAYSIA: "K" UNE MARHIME (MALAYBIA) SON BHD I ■m. \jl JL p)c JB 236; oi I MOM LTD INDONESIA: P.T. SARANA LAUT HfTCTNUSA TEL: JKT *****76.
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      Page 40 Advertisements Column 2
      1317 40 V® mu-onmi uncs fire ltd 225M7M2252M1 BY AIR, LAND OR SEA..-. I WE TAKE ON THE WORLD FOR YOU OSff MEMBER OF SMGAPORE FREIGHT FORWARDERS ASSOCWTION n( I 22 DEC OUBAI. DAMMAN. SHARJAH. DOHA, 125 DEC MOWTREAj^OTTAW_AJgftONT I MUSCAT, BAHRAIN, ABU OHABI, B ABBAS I VANCOUVER, S S l^ N
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      869 41 PACIFIC INTERNATIONAL LINES (PTE) LTD ffc PtLßuiking, 140 Cecil Street *ttOO, Singapore atwatai J OJ jj 2JS ,w,oa M ST «/S 525 2/5 EE™-A. 2E SS vf WAM S2 SS X 5 BUNOA TUIATAI /1a 1/ia "®T* tu2 M/1S M/1t 1/1 iqcm 011 91/12 2/1 KOTA WNTAIIO M SKtc-a. 1/.
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      Page 41 Advertisements Column 2
      1164 41 'BEN LINE CONTAINERS LTD A 200 Cantonment Road Tel: *****22 I #13-05 Southpoint Fax: *****63 I Singapore 0208. Telex: ftS ***** 1 VESSEL VOY NO6. 3PORE S'HAMPTON Artnie-t- 458 18/12 3/1 4/1 8/1 7/1 Nedtoyd Aaa* 456 20/12 U£l *11 ™1 Setancha 468 24/12 9/1 10/1 12/1 13/1 Benafctor 466
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      Page 41 Advertisements Column 3
      460 41 Ml MYANMA i \BBk FIVE STAR UHE w (Myanmar Hittoml Um) Loading lor YtafM (Rmpm) S'pvt PJQi Nb P. 6* koau viuw tan PA6AN VI77W 27/12 PATHDN VIIM 17/12 24/12 MVOMAYWA VI3M 30-U 27/12 HP*-** VI7III VI \g4 THE BANK UNE BNpplw») \T v SEMI-CONTAINER SERVICE V\ HEAVY UFT CAPABILITY
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      385 43 rScaiDuhAtf 1 TO EUROPE (NORTH CONTINENT-UK-SCANDINAVIA) WEEKLY P KLAHO *«A»0 OC«AN V€M«t I». LI HAV»(1) *Q*mV «-HA.4TO«(») «~~X4) Q-~»Q (jf B S«vot«'N Bhum «/l2 t/12 VJj 7/12 5/tt 11/1 t/1 B Set of a M Hun 13/12 U/U }V" 12/1 13/1 6 strgia/* BNxi 13/12 15/12 12/12 14/12 teU«M/4U «M*
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      Page 43 Advertisements Column 2
      597 43 J" Nedloyd NED LLOYD OFFERS YOU WEEKL Y, FIXED DA Y, T Nedlloyd Lines DIRECT CALL TO AMD FROM EUROPE/MEDITERRANEAN mmuuu/nji 1 rj TjTT k*A*~ Fw(A) »Ulym»uth<A) Tmru LytMtan(B) tonedoi(B) Napier Wefcgten(C) N Rochester/9130S 14/12 17/12 15/12 15/12 19/12 22/ 12 3/1 10/1 |'J J 20/1 iSBS&. v" 1/1' a
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      816 44 TO AUSTRALIA/NEW ZEALAND I jm fS \r*m |iMk \h4 *«k |NK |P cnrim E aautxi m a/u n/12 ~57i »/i w/i c. «S m 7/1 is/i m/i m/i »/i i/* umam mT~ ii/ 1 tTT" u/i is/2 a/* «W MMTtM IZM ?l/2 "7? I7T" 7/1 13/1 IS/1 TO USA/CANADA m
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      798 44 EXPORTS TO HONGKONG, TMWM, MMU I MMN "TUCf NEDU.T" MALACCA STRAITS SERVICE OWTBOWO VOT Pig PEN «T SM MB.HK6 MO «n TYO SM7 HBO KOB VESSEL TOT SM PM. WS WH SM HOtlT 118 *15.12 *1312 17.12 19.12 23.12 »12 27 12 29.12 Aa BWT 35A 22.12 23.12 25.12 24.12
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      286 44 SEAWARD SHIPPING AND TRADING CO (SI PTE LTD ET« ETA ETA STORE PUT KELMK PENANG BLUE WOE Sailed Loading toi Male ■lUVAI HUDHU 21/12 loading for Calcutta KVHA 22/12 20/12 loading For Male PIONEER SUPREME 21/12 Loading for Male 00NAKUU4 201/92 Loaded For Fefcwaru PROGRESS UKRTT PORT/ Loading tor Mald.m
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      1488 44 CHINA OCEAN SHIPPING COMPANY FTJIA CONTAINHI LINKS SKBVICK mum's MOTS: SMGAPORE'S GENERAL AGENTS awmrs MOTI CHUNG CHMO SHPPM6 SON BHD COSTAR SHPHNG PTE LTD PT GLOBAL PUTM KL TEL *****91/17 FWL *****92, ***** m MDONESIA MMUTME war -Bkm" HsaF u r Srss I! FAX: 03-JMB7M JUL MR ***** "2. PENANC
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      584 45 Sfcipplag Timet, Wednesday December 18 lttl I (fr FAMOUS CONTAINER LINES I Jgr hq T ljnv;^^ t l I I IJ HAIFA/ASHDOD/ALEXANDRIA 29/1Z HAMBURG/BREMEN 29/12 I I] MARSEILLE/FRANCE ***** FELIXSTOWE/UK 29/12 I BARCELONA/SPAIN 29/12 LEHAVRE/AHTWERP Z9/IZ~ I I GOTHENBURG/SCANDINAVIA 29/12 I I NEW YORK/EC 22/12 FREHAWTLE 23/12 VANCOUVER 22/12 BRISBANE/ADELAPE
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      843 45 BMORELO SHE MEMOES (S) PTE LTI TEL: laatiss (12 Urm) FAX: asms/asaM TELEX: RS ***** RISWP (S Umm) m\ etmpian vmmvKa y J (National Lines of Ethiopu) ACCEPTING FCL AND CONVENTIONAL VESSEL IvOY ETA LOADING FOR SPORE A NONET 2SWB 30/12 OARESSALAAM. MOMBASA DJIBOUTI ASSAB. MASSAWA ABBAY WOKZ 31WB 30/01
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      831 45 m MPI 21/12 WRNTA Zi? 5* *5 I B1 AM ewuM 21/12 am —g —j^-| lUnfTmuM i» 25/12 21/12 "5 Is 2SZ«_ l" 1 um MRS. MM Tim 24/12 M 27/12 AM BHUM 1238 nil* 1 THANA HlT## fe I uT~ 24/12 Frl 27/12 Blum bhum 14$ yi *11 HMnAWiii
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      1125 46 SPORE S3KKS I PENANG (04) *****6 SI8U: (064) *****9 KK: (068 *****0 TAWAU: (069) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 nm WB 26/12 21/12 22/12 23/12 Sfd/Mdb/Bri 24/12 25/12 26/12 FrwiwntW J 25/12 26/12 27/12 Aucktond/Wlf/Chratchurch iMIM 2g/i2 19/12 20/12 21/12 Honf Konf
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      333 46 UE ITHi IWE TO FROM 1/ NEW ZEALAND AND T/S TO Fill TO AND FROM NEW ZEALAND PORTS sm in ml m m MAHSURI 9519 24/12 9/1 MIR 1/1 29/1 PMHKCT 10 VI 19/1 M«l 11/1 4/2 MHBAMA MU U/I zt/i w«i »/i u/2 FULLY CONTAINERISED SAILINOB DISCHARGING AT NEW
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      1113 46 THONG SOON LIMES PTE. LTD. 1 Ml 77 ROBINSON ROAD #1540, #16-00 SIA BUILDING SINGAPORE 0106 TEL ***** M FAX NO: 2Z7W11. 2Z7M22 WKMBr TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO vtssa Ivor lew Inn ma Ivor spore |p. kbarc :j KIM SOON LI 41/91E 21 OEC PENANG
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      818 47 i^S^^^COMPAHISTERUAN^^^ wari OE VAPOREB T "PERUVIAN STATE LINE" ttCEPTWG BREAKBULK/FCL/SOC CARGOES TO/FROM Ml LAO, MA TAR ANI. 10* ft JITH T/S AT KOOE ON CPV THROUGH «LL Of LADING. Ptnwf* P. KtUnt Snjiport EM* KAMALEVEtETT 28/27 Dec 21/2S Doc 31 Doc/01 lui DMMnciKn 17/11 1* 19/20 •WAftAEVERETT 04/05 Fab <*/07
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      429 47 CZ3Z I IICT n.america/carribean services I —Iww B Wmup M» f« P" P* TBI fdfIMMA is 21/12 ZM KM 30/1 1/2 12/2 14/2 IC/2 J""**"* i Sou 11/2 it/2 24/2 21/2 a/2 ZM a*l I7C 13/1 m AMERICA 11/2 W 24/2 2«/2 21/2 fee** carp 1 IM m LumMm. CantoM*
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      547 47 MU.TI-UOM JHJPPtM PTE LTD I MIDDLE-EAST/PERSIAN GULF ACCIPTWtO FCL/LCL DUBAI DAMMAN SHARJAH DOHA. MUSCAT. BAHRAIN ABU DHABI BAMOAR ABBAS. JCOOAH FAR EAST ACCtmHQ FCL/LCL PENANG P/KELANG. JAKARTA. BANGKOK HONG KONG. TAIWAN. JAPAN MANILA. KORtA UK/EUROPE v ACCCPTMO FCL/LCL LONDON. FELIXSTOWE. LEEDS. TIBURY. ABEROEEN. LE HARVE. HAMBURG. ROTTEROAM ANTWEP. GOTHENBURG. COPENHAGEN
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      828 47 M HUM 23/12 KEELUNG KAOHSIUNG 21/12 BANGKOK 20/12 MANILA/CEBU Z 26/12 JAKARTA/BELAWAN/SURABAYA 22/12 PORT KELANG/PENANG/E. Malaysia c 23/12 BUSAN 23/12 TOKYO/YOKO/KOBE/NGO/OSA 22/12 HONG KONG t SM CMM 25/12 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XtAMEN/SHANTOU DALIAN SHANGHAI XINGANG TIANJIN/QINGDAO/HAIKOU I also accepting LCL cargo J Si E HOPE/UK 22/12 LDN/FLX/LVP/SOU 22/12 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting
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      887 48 tf#T FIL CONTAINER SERVICES PTE LTD I rIL. MADRAS CALCUTTA BAM6KOK vSL SIN/MADRAS V«4.IN/CALCUTTA VI. WH/iAWOKOK SN KHA SM AN CM. W KIT lINUaa 29-21/12 27-2S/U 44-15/41 «XT MNUMi 21-21/12 21/11/I1 47-W/M «T 4MIMU 17 B* 21 Ok 24-27/12 02-43/01 03-10/01 20-27/12 02-00/01 12-13/01 21 D* »OK 30-31/12 00-00/12 14-15/01
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      584 48 nonteiwj CONTERM FREIGHT (F.E.) PTE LTD. GUARANTIED WEEKLY CONSOLIDATION TOUR FIRST CHOICE TO*.— AUCKLAND 24 DEC NEW PLYMOUTH, WELLINGTON, LYTTLETON, NAPIER, HAMILTON, CHRIBTCHURCH, DUNEDIN, PORT CHALMERS BANGKOK 23 Dac i EUROPE 22 Dac FREMANTLE 23 Dae PENANG 24 Dec PORT KELANG 22 Dec MELBOURNE 24 Dec SYDNEY 24 Dec ©*****33
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      364 48 CUJI conrnv FROM > Cf/i PENANG- KL: allied-link SINGAPORE: 04-*****2 *****8055 778 6582(22 linki \g Marina Ong ISmm« Nq/PMNb Km Chano/EaSm Yap KS KIM SHIPPING I E3 Tol: *****11 fu: *****11 I COfrrMMEK/KO-M/BHEAKBULK SJTMCFS VESSEL YOY SIN DAM DUB JED SAUDI ABHA FEA 059 25/12 04/01 05/01 12/01 SAUDI RIYADH
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      Page 48 Advertisements Column 4
      452 48 ———MM—MB—__— MANILA ETA VIGOUR PACIFIC 52N8 21/12 VIGOUR SINGAPORE 16KB 28/12 BANGKOK 21/12 28/12 BUSAN 23/12 30/12 HONGKONG 20/12 28/12 DURBAN/PT LOUIS 28/12 12/1 KEELUNG 23/12 30/12 USA 23/12 30/12 PT. KELANG 20/12 24/12 KOBE 23/12 30/12 PIRAEUS 28/12 12/1 OSAKA 25/12 1/1 JAKARTA 21/12 28/12 PUBAI 28/12 12/1 V
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      200 49 VQc Oc vOc vOc Oc OcvOf U VAN OMMEREN CETECOGROUP V V TRANSPORT DIVISION U VOTAINER CONSOLIDATION SERVICES: 0 momifcuiasiMaiWiom V V USA EUROPE FAR EAST > Mlmoi* Volalnef Consolldaion Sendees S*po*: Van Owwrw SNpong rj 0 Bortoa: Boston ComoMalon Swvton. IjjpKVMOiwwwßwmen GmW.^,?• Tlaitarti: Van Ohiwwi Tra«porl (TlHfiand) U gSKSSTTTSw
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      2 49 i vr\--1
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      277 49 I EacßenV FEEDER VESSEL PENANG P.KELANG OCEAN VSL/VOY SIN SOU(t) RTM(2) I HAM (3) < 4 > ANSON/TBN 17/1 18/1 NIHON 2022 21/1 7/2 9/2 ANSON/TBN 24/1 25/1 BENARTY 2032 28/1 14/2 16/2 W|_ ANSON/TBN 31/1 1/2 ALSIA 2042 4/2 21/2 23£j 2"2 2^|_ ANSON/TBN 7/2 8/2 BENAVON 2052 11/2
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  • Page 49 Miscellaneous
    • Miscellaneous
      Page 49 Miscellaneous Column 1
      245 49 TIDES AND WEATHER TODAY'S T«>tS (height in metres) J immnmim >J« him inn*™*— D in n 11 nt s 1 8 77 26 27 27 24 21 16 1.3 1.0 0.9 0.8 1.0 1.3 1.6 1.9 2.1 2.1 2.0 PP 4 3 3 3 ***** 26 2.7 17 U2l 16
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