The Business Times, 30 January 1992

Total Pages: 50
1 50 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Thursday, January 30, 1992 75*
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  • NEWS SUMMARY
    • 75 1 ALGIERS Police opened fire yesterday to disperse hundreds of Muslim demonstrators who looted an office of the former ruling FLN party after the arrest of two Islamic religious leaders. It was not immediately known if there were casualties. Police and an-ti-riot troops rushed
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    • 34 1 TAIPEI Taiwan will hold general elections at the end of this year to choose a new legislature following sweeping democratic reforms last year, the Central Election Commission said yesterday.
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    • 31 1 TWO of Indonesian President Suharto's sons and a daughter, who head a number of businesses in the country, have publicly defended their record as entrepreneurs Page 3
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    • 22 1 NINE MORE companies have been awarded Approved Oil Trader (AOT) status by the Singapore government Page 4
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    • 35 1 FEDERAL INSURANCE, an American insurance company, has lost a court appeal in Singapore over issues relating to its refusal to pay claims which have arisen from a public liability policy Page 4
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    • 25 1 VIETNAM will grant oil exploration concessions to companies from Europe, Japan and South Korea for five sought-after offshore oil blocs Page 10
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    • 25 1 JAKARTA is likely to face an office space glut soon because of oversupply, but the residential sector should remain buoyant Page 10
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    • 28 1 A GLOOMY quarterly industrial trends survey by the Confederation of British Industry (CBI) has dashed hopes of an economic recovery in Britain Page II
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    • 50 1 THE CONTAINER trade between Asia and the US is expected to grow by at least 2 to 3 per cent this year, with growth expected to be stronger in the second half of the year, according to the Trans-Pacific Stabilisation Agreement members. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 26 1 WALL STREET opened lower yesterday as the Dow Jones index of leading industrials slipped 15.88 points to 3,256.26 after about an hour of trade.
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    • 40 1 LONDON share prices were weaker at midday yesterday, on worries that Wall Street won't be able to sustain its record gains. At 1200 GMT, the FTSE 100-Share Index was down 13.2 points, or 0.5 per cent, at 2,538.8.
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    • 17 1 SINGAPORE National Printers Ltd (SNP) has mapped out a growth strategy Page 6
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    • 35 1 US investment group Morgan Stanley has raised its stake in Neptune Orient Lines to 10.13 per cent this month, making it the second largest shareholder in Singapore's national carrier Page 6
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    • 32 1 INDONESIA'S Bakrie Group will restructure its operations in a bid to improve efficiency, cutting back from 40 firms to 25 in five years, says president Aburizal Bakrie Page 8
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    • 32 1 PT INTI Indorayon Utama has received its first revolving credit facility of US$3O million (Ss49 million) from a syndicate of international banks based in Singapore and overseas Page 9
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 742.06 -1.74 Kuala Lumpur ...573.28, +3.44 Tokyo 21,362.26 -28.26 Hongkong 4,371.13 -15.20 Sydney 1,622.1 -3.8 Taeaday Change New York 3,272.14 +31.53 London 2,552.0 +12.1
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    • 24 1 Exdunfe rates USS S$ 1.6295 100 Yen SS 1.3010 MS SS 0.6142 Imi)i market rates Overnight 3 1/4 +1/4 3-month 3 3/8 unch
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    • 39 1 I tnwfim Gold AM fix US$355.40 -US$0.90 IhMer S'pore Feb.... 130.00 c /k* unch M'sia Feb 2l4.00Vkj unch KL Tin Turnover 42 tonnes -45 Spot... M$l4.l9/kg -0.01 Crude palm oi Turnover 355 tots +10 Feb M$9I4 /tonne +1
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  • 544 1 Proposals for tax breaks and cuts in defence spending Agencies WASHINGTON US President George Bush yesterday sent to Congress a US$l.5 trillion (552.4 trillion) clcction-year budget that foresees a modest economic recovery this year, calls for cuts in defence spending and proposes tax breaks
    Agencies  -  544 words
  • 162 1 Reuter WASHINGTON The US economy grew at a weak 0.3 per cent annual rate in the final three months of 1991, the Commerce Department said on Wednesday, but it contracted over the course of the full year for the first time in nine
    Reuter  -  162 words
  • 268 1 SINGAPORE The US dollar and stock prices opened lower in New York trading yesterday after President George Bush's economic recovery plan, unveiled in his State of the Union speech, failed to impress overseas investors. The perception that Mr Bush's economic proposals are
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  • 393 1  -  By Lilian Ang SINGAPORE The gas pipeline between Singapore and Malaysia was officially opened yesterday. In a simple ceremony, National Development Minister S Dhanabalan and Malaysia's Minister of Justice Syed Hamid each pressed a button and activated a gas gauge. In an instant, a siren
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  • 425 1 Reuter TOKYO Japan cautiously wclcomcd a single free trade market among the Association of South-east Asian Nations as a force for stability, but some businessmen were sceptical about whether or not it would really materialise. Leaders of A scan Brunei, Indonesia, Malaysia, the
    Reuter  -  425 words
  • 147 1 Reuter HONGKONG Hundreds of trade unionists demonstrated outside Hongkong's legislature yesterday, demanding that the government drop plans to import workers to ease the British colony's labour shortage. Chan Yuen-Han, a member of the Federation of Trade Unions' standing committee, said many of
    Reuter  -  147 words
  • Page 1 Advertisements
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    • 3 1 Analysis, Pg 13
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    • 28 1 A helping hand for economy bat no relief for jobless. Pk 2 Package will kelp to ease trade friction: Japan, Pg 2 Editorial, Pg 12 Analysis, Pg 13
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    • 121 1 A R()l)l NSTOCK I Cory to convince Senate of Afta's importance, Pg 3 The Bottom Line, Back Page r;- t&ja 'Ti V v M MY BRUNO MAGLI COLLECTION Sole Agent: Marlex Marketing Pre Ltd Tel: 734 9696 Fax: 737 6892 Boutiques: Centrefxxr* #01-30 TH: 737 4509 Open Daily from 10.00
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  • PAGE 2 NEWS
    • 693 2 President George Bush's State of the Union address Analysts examine the president's growth package Reuter WASHINGTON President George Bush's new "growth package" should give the staggering US economy a helping hand, but holds little in the way of fast relief
      Reuter  -  693 words
    • 338 2 Reuter WASHINGTON Following arc highlights of President Bush's State of the Union address, delivered on Tuesday to Congress and a television audience. Mr Bush proposed a plan on defence spending and programmes for short-term economic stimulation and for longer term economic growth.
      Reuter  -  338 words
    • 363 2 AP WASHINGTON President Bush's new defence cuts would for the first time shrink all three legs of the strategic nuclear "triad" a sea-, air- and land-based force meant to survive the once-feared Soviet nuclear attack. But Mr Bush conditioned the most
      AP  -  363 words
    • 330 2 Reuter TOKYO Japanese business and government officials yesterday warmly welcomed President George Bush's plans to stimulate the ailing American economy, saying they would help ease friction over trade. Mr Bush offered a package of tax changes to boost the economy, including a
      Reuter  -  330 words
    • 1008 3 SINGAPORE President Suharto's children, lately in the news for the rapid growth of their business empires, have publicly defended their record as entrepreneurs. In rare disclosures to the foreign media, two of the president's sons and a daughter explain in the latest issue
      Source: Time; Pictures by Editor magazine  -  1,008 words
    • 563 3 SINGAPORE The Philippines must convince its powerful and traditionally anti-administration Senate and some protected industrial sectors not to erect stumbling blocks to the implementation of the Asean Free Trade Area, says President Corazon Aquino. Replying to a question posed by BT at a
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    • 242 3 Reuter TOKYO Japanese banks owed money by the legendary US retailer R H Macy and Co are likely to help it reorganise, according to banking industry sources. More than 10 big Japanese banks had loans outstanding to Macy's, which filed for Chapter 11 bankruptcy
      Reuter  -  242 words
  • Page 2 Advertisements
    • 508 2 Til STRATEGIC AMD TICINQIOGICAIIDGI 26-28 February 1992, Raffles City Convention Centre, Singapore The Gulf War has sparked off intensified interest in regional defence around the The First world. It has been a demonstration of modern warfare, where technology plays an Asia-Pacific Defence increasingly important role alongside strategy. The Asia-Pacific Defence
      508 words
    • 246 2 BUSINES S T 1 M E S Toll-tree Tel N0:737-0043 Fax N0:734-3898 International Purchasin^^Wce^ Well established US telecommunication company Intenda to aet up IPO in Singapore. Responsibility: To set up and run the IPO independently Co-ordinate the development of new project between Far East vendor and parent company I Merchandise/component
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  • Page 3 Advertisements
    • 186 3 Celebrate Year Of The Monkey For Peanuts. g_ Twist into the njoy all kinds of festive delights at the YCQT ttt Toiltiido Phoenix for very reasonable prices. Get blown away at our special New Years Bash. Tornado whips up a whirlwind of fun ReUWIOIt Buffet Dinner with traditional Chinoiserie and
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    • 9 3 Filing won't hit Macy's junk bonds: analysts, Pg 29
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 70 4 MR BERNARD CHEN, the new Government Parliamentary Committee (GPC) chairman for defence and foreign affairs yesterday made his maiden visit to Mindef at Gombak Drive. Accompanying him were the three committee members Eugene Yap (MP for Mountbatten), Dr Ho Tat Kin (MP for Toa Payoh GRC)
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      • 47 4 THE Industrial Arbitration Court will hear the case between the Air Transport Executive Staff Union and the Singapore Airlines on Feb 12 on the issue of merit increment and market comparison allowance, lAC registrar Lai Tat Yuen said yesterday.
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      • 76 4 FOUR foreign officers will join The Commander Staff Course 1992, SAFs premier commander course. Major Rupert Hendry Charles Lucas of the British Army is the first officer from the United Kingdom to participate in the course. The other officers are Major Anthony s/o Rajagopal from
        76 words
    • 308 4 STANDARD Chartered Bank has been actively approaching a number of prominent local businessman in what is seen as a last ditch attempt to sell Marina Village International for a decent price. Sources said that Stanchart is still trying to find a buyer for
      308 words
    • 398 4  -  Buyers snap up 2,500 sets at $398 each from Telecom Equipment By Dexter Lee TELECOM EQUIPMENT, the retail arm of Singapore Telecom, has sold $1 million worth of second-generation cordless (CT2) phones in the three days since the Callzone service was launched
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    • 546 4  -  New list brings total to 47 By Schutz Lee NINE more companies have been awarded Approved Oil Trader (AOT) status by the government, bringing the total to 47. Announcing the nine additions to the AOT list, the Trade Development Board said yesterday
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    • 564 4  -  Part-heard case expected to finish this year By David Gabriel AN AMERICAN insurance company. Federal Insurance, has lost a court appeal in Singapore over issues relating to its refusal to pay claims arising out of a public liability policy. The claims were
      564 words
    • 407 4  -  By Chew Eng Han NTUC Income, the insurance arm of the NTUC, expects its insurance fund assets to exceed $1 billion this year. In the past three years, its funds have more than doubled, from $447 million to $919 million
      407 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 85 6 KUALA LUMPUR Syarikat Siah Brothers Construction Sdn Bhd, a wholly-owned subsidiary of newly listed Siah Brothers Corporation Bhd, has secured a tender worth Mslso million (5592.1 million) to construct two luxury condominium projects in Tanah Merah, Singapore. Its managing director, Mr Siah Kwee
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      • 82 6 KUALA LUMPUR Worldwide Holdings Bhd and its subsidiary Perangsang Rio Tinto (M) Sdn Bhd have agreed to sell their stakes in Perangsang Tin Consolidated Sdn Bhd to Syarikat Lumbong Setapak Bhd. Worldwide is disposing of its 46.99 per cent stake for M 58.016 million (554.92
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      • 64 6 KUALA LUMPUR Sungei Way Holding Bhd said its proposed loan stocks with detachable transferable subscription rights was approved by Bank Negara Malaysia last Oct 4 and by the Foreign Investment Committee on Oct 29. However, other conditions have yet to be fulfilled, including the
        64 words
      • 80 6 KUALA LUMPUR Edaran Otomobil Nasional Bhd said its proposed acquisition of 46.85 per cent equity interest in Kong Ming Bank Bhd would be effected by cash through internally-generated funds instead of through the issue of new EON shares. In a statement to the
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      • 64 6 KUALA LUMPUR Federal Hour Mills Bhd said the proceeds from its disposal of 57,796,000 shares in Citic Pacific Ltd would be placed in financial institutions to eam interest. Replying to a Kuala Lumpur Stock Exchange query, it said that Citic Pacific was an investment holding
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    • 769 6  -  Exports show greatest growth potential of 20-30 pc a year By William Chia SINGAPORE National Printers Ltd (SNP) has mapped out a growth strategy that involves broadening its product and customer base, increasing export sales and beefing up its capacity with the
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    • 369 6  -  By Rahita Elias SINGAPORE The US investment group Morgan Stanley increased its stake in Neptune Orient Lines to 10.13 per cent this month, making it the second largest shareholder in the national carrier after the Singapore government. On Jan 6, Morgan Stanley
      369 words
    • 249 6 SINGAPORE National carrier Singapore Airlines (SIA) has ordered its third $20 million 8747-400 flight simulator, from Rediffusion Simulation Ltd. SIA, which will take delivery of the simulator early next year, chose the British company out of a list that included Flight Safety International of
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    • 392 6 Bernama KUALA LUMPUR Taiping Consolidated Bhd, which recently took on board three new shareholders, is charting a new direction jo reflect the group's defftrtifefr from a rubber and woodbased company to that of a commercial property developer. The three new executive chairman Datuk Suleiman Manan,
      Bernama  -  392 words
    • 238 6 Bernama KUALA LUMPUR Datuk Abdullah Ahmad, who was in the limelight because of a boardroom tussle recently at Sharikat Permodalan Kebangsaan Bhd. has been removed from the boards of two SPK subsidiaries in separate shareholders' extraordinary general meetings. He was replaced by Haji
      Bernama  -  238 words
    • 304 6 Bernama KUALA LUMPUR Duta Consolidated Bhd, which has been suspended from trading on the Kuala Lumpur Stock Exchange since late-1986, expects to be relisted and traded next month under a new name Olympia Industries Bhd. Managing director Mohd Amir Mohd Senawi said
      Bernama  -  304 words
    • COMPANY BRIEFS
      • 98 8 LONDON A three-judge appeal court yesterday ruled that Mr Kevin Maxwell must answer questions by liquidators investigating a key private company in his late father's business empire. It dismissed his appeal against an earlier ruling on the matter but agreed that he could refuse
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      • 99 8 TOKYO Japan's Sanyo Electric Co and General Electric Co (GE) of the US have signed an agreement to co-operate in the development, production and sale of compressors, Sanyo said yesterday. The compressors will be for use in rotary air conditioners and refrigerators. Under the agreement,
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      • 74 8 PARIS French telecommunications firm Alcatel CIT said it set up a joint venture with Indian private industrial group Modi as part of a long-term expansion in one of the world's biggest potential markets. The venture, called Alcatel Modi Network Systems, aims to produce 300,000 digital
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      • 70 8 SYDNEY Food group Goodman Fielder Wattie Ltd said it bought for an undisclosed sum the 40 per cent of gelatin maker Leiner do Brasil it did not already own. Goodman acquired 60 per cent of Leiner in 1987 and said it has since invested
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      • 76 8 AMSTERDAM Holland Sweetener Company (HSC), Europe's sole producer of the artificial sweetener aspartame, said on Tuesday that it will quadruple output by end 1993, in a direct challenge to arch competitor NutraSweet of the US. President Winfried Vermijs said production capacity at HSC's factory
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      • 86 8 TOKYO A Japanese consortium including trading firm Mitsubishi Corp will bid on Friday for a South Korean bullet train project, a Mitsubishi spokesman said. The bidding will be for bullet trains, rail power lines and automatic train control system, with the contract worth about
        86 words
    • 394 8 Streamlining will reduce number of firms from 40 to 25 in five years JAKARTA Indonesia's Bakrie Group will merge a number of its 40 companies in a bid to improve efficiency, says the president of the group. In a recent report,
      394 words
    • 335 8 BANGKOK Choice Hotels Thailand Co plans to apply for a share-listing on the Stock Exchange of Thailand, the Bangkok Post reported earlier this week. A member of one of the world's largest hotel chains, the company hopes the listing will help its
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    • 274 8 Reuter KARACHI Pakistan's Karachi Stock Exchange (KSE) will soon face competition from a new bourse in the capital Islamabad, but will remain the nation's top stock market, analysts said. They said huge industrialisation in the populous Punjab province and flight of capital there from
      Reuter  -  274 words
    • 515 8 Reuter HOUSTON Compaq Computer Corp reported a 51 per cent drop in fourth quarter earnings on Tuesday, victim of the tough economic climate and intense competition that dogged computer makers last year. The company said net income slumped to U5566.6 million (S$
      Reuter  -  515 words
    • 328 8 Agencies TOKYO Russia has awarded an oil and gas development tender to a US-Japan consortium comprising Mitsui Co Ltd, McDcrmott International Inc and USXMarathon Group's Marathon Oil Co. "We arc overjoyed that the efforts we have put into this project and the experience and
      Agencies  -  328 words
    • 452 8 AFP SEOUL South Korean conglomerates arc gearing up to do business with North Korea, as a recent visit to Pyongyang by the Daewoo group president has raised hopes for increased economic co-operation. During his 10-day visit to Pyongyang, Daewoo president
      AFP  -  452 words
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 65 8 A BOU) DEVELOPMENT <j§k i I. Easy access via ECP and AYE 5-minute walk t from Tanjong Pagar MKT Column-free office s space Computerised building management SI system Conference facility High speed lifts Ample carpark lots OFFICES FOR LEASE. READY IN EARLY 1992 »f; SHOW OFFICE READY FOR VIEWING" DEVELOPER:
      65 words
    • 8 8 Russian bid to alky oil fears, Pg 11
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  • FINANCIAL NEWS
    • 305 9  -  Indorayon to use it for working capital needs By William Chia SINGAPORE Indonesia's largest producer of long fibre pulp, P T lnti Indorayon Utama, has received a US$3O million (Ss49 million) revolving credit facility from a syndicate of international banks based in Singapore
      305 words
    • 267 9 NYT NEW YORK Amidst a year of financial turmoil in its main lines of business, American Express Co on Tuesday reported a 72.2 per cent gain in earnings last quarter, bolstered by record results in its consumer financial and information services business.
      NYT  -  267 words
    • 356 9 BANGKOK M Thai Group has signed a joint venture agreement with Thai Military Bank to form TM Bank Co, which will open branches in mainland China, and thus become the first foreign banking operation permitted by Beijing in four decades.
      356 words
    • 265 9 Reuter ADELAIDE Adelaide Steamship Co Ltd says all the banks to Adsteam group eompanies have signed documents for the group's A 54.7 billion (555.7 billion) refinancing. Adsteam, Tooth and Co Ltd and David Jones Ltd arc now not required to repay principal
      Reuter  -  265 words
    • 233 9 Reuter NEW YORK Moody's Investors Service's downgrade of Credit Suisse from its exalted AAA rank makes the top-tier bank club just that bit more exclusive. According to Moody's, there are now 23 banks worldwide which are rated AAA. This includes Swiss Bank Corp, which
      Reuter  -  233 words
    • 300 9 Reuter SYDNEY Australia's banking sector weakened on Wednesday after Australia and New Zealand Banking Group Ltd's A 5779 million (Ss9so million) capital raising sparked market talk other banks may make new share issues, brokers said. Speculation is mounting that the government may sell off
      Reuter  -  300 words
    • 558 9 MARKET TALK Reuter HONGKONG Hongkong's major banks will post strong 1991 profits, buoyed by widening loan margins and a boom in mortgage financing demand, stock analysts forecast on Tuesday. "Banks were the best performers during 1991," a Baring Securities
      Reuter  -  558 words
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  • THE REGION
    • NOTE BOOK
      • 71 10 MANILA The Philippines posted a trade deficit of US$3.l billion (Sss.l billion) in the first 11 months of 1991, about 17 per cent lower than the previous corresponding period, the Central Bank said here on Wednesday. The increase in exports in 1991 was
        71 words
      • 54 10 MANILA The Philippine Senate may not be able to pass unpopular revenue measures sought by the International Monetary Fund, thereby risking a halt to IMF loans, leading senators said on Tuesday. The new measures are projected to raise up to 18 billion pesos (SSl.l
        54 words
      • 72 10 JAKARTA Two-way trade between Indonesia and Taiwan hit a record of US$2.5 billion (Ss4.l billion) last year, according to a report in the Jakarta Post. The report, quoting Tzen Wen Hua of the Taipei Economic and Trade Office in Jakarta, said the 333 per cent increase over
        72 words
      • 83 10 WASHINGTON The Bush Administration said it has notified Congress of intention to sell three Grumman Corp E-2C military radar warning aircraft to Thailand for US$3B2 million. The small airborne warning and control system planes (AWACs) are used by US Navy aircraft carrier fleets. Congress
        83 words
      • 60 10 BANGKOK The Thai Treasury Department will soon develop a beach on Tao Island as a destination for naturelovers, says a Bangkok Post report. The island is in the Gulf of Thailand near Samui Island which has been exploited by tourism with a rapid increase in
        60 words
      • 82 10 SINGAPORE The Philippines has targeted another 14,000 hotel rooms in the next two years to meet the rising demand for hotel and resort accommodation, a spokesman of the Philippine Department of Tourism said here yesterday. She said this would bring the number of hotel rooms in the
        82 words
      • 56 10 NAGOYA, Japan A Japanese-funded environment training centre is to open in Thailand in March followed by similar centres in Indonesia and China, a Japanese official said on Tuesday. Kazunobu Onogawa, a senior adviser to the Environmental Agency's global environment department, said the centre would focus on coordinating
        56 words
    • 413 10 Reuter HO CHI MINH CITY Vietnam has agreed in principle to grant oil exploration concessions to companies from Europe, Japan and South Korea for five soughtafter offshore oil blocs. Concessions were granted to British Petroleum (BP) and Norway's state oil firm
      Reuter  -  413 words
    • 65 10 DONGXING, China A trader plying his way up the Beilun River dividing China and Vietnam passes people washing their clothes on a broken span of the 'Friendship Bridge'. The bridge, which used to link the two countries during friendlier times but was destroyed
      65 words
    • 374 10 Reuter SYDNEY Australia's inflation rate tumbled in 1991 to the lowest level in nearly 28 years due to a worse-than-expected recession, but analysts say there are signs price pressures could be starting to pick up. The 0.9 per cent rise in
      Reuter  -  374 words
    • 467 10 It may oust Bangkok as springboard: analysts Reuter HONGKONG Shells and gunfire failed to stop Hongkong traders going to Saigon in droves at the height of the Vietnam War in the *****. Nearly two decades later, a fresh generation of aggressive Hongkong
      Reuter  -  467 words
    • 243 10 JAKARTA Competition in the Jakarta office space market will grow stifler this year because of oversupply, but the residential sector should remain buoyant, according to a Jakarta Post report. Quoting Michael Williams, senior technical adviser of PT Procon Indah, the paper said
      243 words
    • 253 10 JAKARTA The Indonesian government has no plans to retender the construction of the Tanjung Priok com-bined-cycle power project worth over 1.6 trillion rupiah (about SSI.3 billion), according to Jakarta Post report. The contract has been awarded to a consortium of Asea Brown
      253 words
    • 270 10 BANGKOK Japan's Office of Trade Ombudsman (OTO) has stepped up its effort to strengthen trade ties with Thailand, saying that the unit, which functions under the Japanese Prime Minister's directive, welcomes complaints from the Thai authorities should they detect unfair trade practices, according
      270 words
    • THE WORLD
      • 413 11 Drop in confidence, disappointing output and orders figures seen Reuter LONDON Hopes that the British economy is poised for a quick recovery from recession have been dealt a blow with the publication of a gloomy quarterly industrial trends survey by the Confederation of
        Reuter  -  413 words
      • 37 11 LONDON The opposition Labour Party's shadow Chancellor of the Exchequer, John Smith, and an aide unveiling the party's latest election campaign poster on Tuesday which takes a dig at Chancellor Norman Lamont.
        37 words
      • 555 11 Reuter WASHINGTON As the election-year debate heats up on how to revive a debtladen, recession-hit US economy, policymakers are refocusing on domestic issues in a switch that could mean a diminished American aid role abroad. "There is a shift
        Reuter  -  555 words
      • 368 11 Rcuter BONN Business leaders and economists fear rising labour costs could undermine Germany's attractiveness to investors. "Germany is losing its attractiveness as a production site," Hans Peter Stihl, president of the German Industrial and Trade Association (DIHT), told a conference of industry leaders
        Rcuter  -  368 words
      • 292 11 Reuter LONDON Western companies investing in the Russian oil industry should not be alarmed over recent proposed legislation introducing export taxes and tariffs, Russian officials told a news conference on Tuesday. The legislation was aimed at dealing with current problems and only a small
        Reuter  -  292 words
      • 668 11 Developing countries to argue case at next month's Unctad meeting Reuter GENEVA Developing states are increasing pressure on industrial powers to allow them a greater share of world trade now that they are switching to market-based systems. The call for more concrete recognition
        Reuter  -  668 words
      • WORLD WATCH
        • 63 11 HONGKONG Taiwanese businessmen have invested close to US$lOO million (Ssl64 million) to set up 160 enterprises in China's north-eastern province of Liaoning, the Beijing-funded China News Service (CNS) said on Tuesday. The provincial government approved 56 Taiwan-invested enterprises totalling US$34 million last year, up 34
          63 words
        • 74 11 SEOUL South Korea and China have agreed to develop jointly natural resources and farming areas in eastern China covering an area, which, at around 120,000 sq km, is bigger than South Korea, the domestic Yonhap news agency said on Tuesday. Roh Jae Won, chief
          74 words
        • 56 11 NICOSIA Iran has proposed a joint venture with German companies to build 100,000 houses in Iran. The Iranian news agency Irna said on Tuesday that the proposal was made by Ali Kamrava, Deputy Minister of Housing and Urban Development, in a meeting of German
          56 words
        • 59 11 ZURICH Leading businessmen and politicians from around the world will gather in Switzerland this week for a conference expected to be dominated by the global economy and developments in former communist countries. The 22nd annual meeting of the World Economic Forum in the Swiss ski resort
          59 words
        • 87 11 WASHINGTON Argentina's Economy Minister Domingo Cavallo says he has the support of International Monetary Fund Managing Director Michel Camdessus for his country's economic reform programme. "We feel we have the backing of Camdessus." he said on Tuesday after talks with the IMF chief. But Mr
          87 words
    • 251 11 Reuter WARSAW Poland received a painful reminder of its economic dependence on Russia with the collapse of a barter deal on natural gas supplies with Moscow. For almost a week, plants have been idle, burning only enough gas to save
      Reuter  -  251 words
  • Page 10 Advertisements
    • 96 10 INVESTMENTS IN 9 "lhethemefo^BusinessTlmes special Business XllllCS feature is "New Zealand Gathering Strength for Recover/". The feature will SPECIAL FEATURE a i so coincide with a seminar in February 17,1992 Singapore on investing in New Zealand. Readers can look forward to vital information on business opportunities given by a panel
      96 words


  • 504 12 EDITORIAL CANDIDATE George Bush played the expected role of Santa Claus in his State of the Union address the longest and politically the most important one. But his Christmas tree does not fully address the structural problems that the US economy faces. The address will help the
    504 words
  • WHAT THE OTHERS SAY
    • 276 12 ASEAN countries have signed the Framework Agreement which commits the six nations to the creation of an Asean Free Trade Area (Afta) in 15 years by means of a Common Effective Preferential Tariffs (Cept) scheme covering capital and manufactured goods and processed agricultural products. Cept
      276 words
    • 146 12 TRADE UNIONS can now look forward to having as members more junior executives and supervisors. The guidelines issued by the Ministry of Labour make it clear that most junior management staff are free to join unions. But as pointed out by NTUC Deputy Secretary-General Goh Chee Wee
      146 words
    • 79 12 ON THE WHOLE, the Fourth Asean Summit has revealed to the world the unity of Asean and its resourcefulness in the new era. In future, Asean will be able to play a more active and effective role in the international economic focum, just as it used
      79 words
  • REGIONAL VIEWPOINTS
    • 136 12 POLITICALLY any settlement freeze by Israel would be a difficult retreat from its ambition of making "Great Israel" a safe haven for all Jews. But it has to compromise that in order to settle for a greater humanitarian cause peace in the region for everybody, the Arabs and
      136 words
    • 155 12 The Interior Ministry has come up with another "brilliant" idea to promote democracy. All political party leaders will soon be summoned for a crash course on the election and political party laws as well as believe it or not how to be "good" political managers in the
      155 words
    • 220 12 WHILE all agreed that a wider role is needed for Asean in the economic field, the bloc's facade of unanimity was cracked by Indonesia's continued reservations over the Malaysian proposal that Asean promote the creation of the East Asia Economic Caucus as a means of promoting a
      220 words
  • 1536 12  -  The contributions of HDB shopkeepers have received less attention than their unhappiness about rental increases. Dr Ooi Giok Ling sheds light on the role played by small-scale shops in HDB estates Dr Ooi Giok Ling The writer is a senior research fellow at the
    1,536 words
  • Page 12 Miscellaneous
    • 129 12 DOONESBURY BY GARRY TRUDEAU IF KXfPS UNLUCKi ENOUGH TO HAS AM? IN CONCLUSION LETMC SAY UVE IN ONE OF THE FEW STATES IKNOUJ WHERE NEW HAMP- STOOD MORE THAN ITS SHARE 1 IWS...ANP. THtS'LL 00 TO THE GEORGE BUSH DO&N7 CALL HOME, SH/PE IS, IKNOUJ WHAT THE OFMMJCB HiTRJING AND
      129 words

  • ANALYSIS
    • 915 13  -  There was little that was revolutionary in US President George Bush's State of the Union message, says Robin Toner Robin Toner NYT BILLED for weeks by the White House as the kickoff to his reelection campaign, US President George Bush's
      NYT  -  915 words
    • 1310 13  -  Natural gas from Malaysia made its debut in Singapore yesterday. Lilian Ang takes a look at how the Singapore-Malaysia natural gas agreement was reached and some of the power supply plans in the region Lilian Ang IN SOME WAYS, the launch of
      1,310 words
    • 510 13 OIL COMPANIES are keeping tabs on the launch of natural gas in Singapore with more than ordinary interest. Their contracts to supply fuel oil to the Public Utilities Board (PUB), some of which are worth about $1 billion, are likely to be pared down in due
      510 words
  • Page 13 Advertisements
    • 41 13 I hama Photo* Video I German Design Quality I (Monday to Saturday: 9 am 5.30 pm) I GRAND SALES\ hama centre I Al photo 4 video bags 261 Waterloo Street. Waterloo Centre, #03-28 Singapore 0718. J accessories Tel: *****29 (3 Lines)
      41 words

  • ADVERTISING & MARKETING 1
    • 796 14  -  Ebel sets itself apart from other companies and has found its reward. Sylvia Wong reports on the success of its marketing strategy which is based on two principles selectivity and continuity. Sylvia Wong W "W" "T" HILE most J branded- goods manWf Wt
      796 words
    • 641 14  -  'Value for money' items gaining popularity over boutique items, reports Sangeeta Mulchand Sangeeta Mulchand AT LEAST two department stores in Singapore are adjusting merchandising patterns to cater to thrifty local spenders who are moving away from the "must-own-designer-goods" syndrome. Publicly-listed Isetan and CK Tang are
      641 words
    • 720 15  -  Ad agencies tell Sangeeta Mulchand how they expect the three cable TV channels, which will be introduced from April, to affect their business Sangeeta Mulchand Three pay tv channels from April will mean more choice for viewers. But for advertisers, audiences previously reached over
      Source: SRS 1991 Media Index presentation  -  720 words
    • 423 15  -  Hong Lee Tiam on Seagram Singapore's $1.5 m advertisement campaign Hong Lee Tiam SEAGRAM Singapore will kick off this year's $1.5 million Chivas Regal consumer advertising campaign with a three-min-ute lifestyle film clip over the Chinese New Year holidays. At three minutes,
      423 words
    • 890 15  -  Dilip Subramaniam on the tentative moves made by Japanese advertising giants Dilip Subramaniam IHT GIANTS at home but inconsequential abroad. This has tended to be the advertising industry's assessment of Japanese agencies, mirroring the gap between Japan's economic and political
      IHT  -  890 words
    • COPY LINES
      • 51 15 SINGAPORE BSB Singapore has clinched the Hyundai Electronics Asia account, a regional account worth $1 million. Hyundai Electronics, which recently established its regional headquarters in Singapore, is one of the largest conglomerates in South Korea. BSB's other clients in Singapore include Pizza Hut, Hongkongßank, and
        51 words
      • 65 15 SINGAPORE McCann Enckson has appointed Marc Schattner as creative director. Mr Schattner was formerly associate creative director with Leo Burnett (Hongkong), working on accounts such as Cathay Pacific, The Regent and Philip Morris. He has also worked as senior art director at Batey Ads. At McCann,
        65 words
      • 73 15 SINGAPORE Jazz musician Jeremy Monteiro is making a comeback on the local scene with an advertising campaign selling his skills as one of Singapore's top music composers, specifically in writing commercial jingles. Mr Monteiro has launched a new company called Monteiro Music, and is promoting himself
        73 words
      • 66 15 SINGAPORE The creator of Hennessy's XO cognac. Jas Hennessy, has commissioned a clipper to re-enact the epic voyage of "the spirit of cognac" from France to China in 1872. Since that time, customers in Asia have made this region Hennessy XO's largest market. The clipper, which left
        66 words
      • 89 15 SINGAPORE The Institute of Advertising will launch its Diploma in Communication Studies course next month. This course is based on the UK's CAM Foundation syllabus for the Diploma in Advertising. Students will be prepared for the CAM Foundation Examination to be held in June 1993.
        89 words
      • 51 15 IN LAST WEEK'S story headlined Man with a Mission, we said that Leo Burnett had forged a partnership with local public relations consultancy i.Mage. Leo Burnett has clarified that it is working with i.Mage on the McDonald's account, but the two companies do not have a formal
        51 words
    • SPORTS
      • SIDE LINES
        • 46 16 jficlder agreed to the largest single-sea-v nAOMlia&ir history on Tuesday, settling with the jHfIH|SpSS4.S million (557.3 million). Fielder, and 26S RBIs during the past two an arbitration record US$5.4 million w US$3.2 million. The deal makes the salary list by average annual value.
          46 words
        • 65 16 m-*-INIJtANAPOLIS Jury selection for the Mike Tyson rape trial neared completion here on Tuesday, with 11 members chosen under intense questioning from opposing attorneys. Seven men and four women have been seated with one more juror and four alternates yet to be selected. Marion County
          65 words
        • 85 16 VANCOUVER, British Columbia Swedish tennis ace Stefan Edberg said on Tuesday he was confident he could retain his world number one ranking this year, despite a defeat in the Australian Open he blamed on being not fully fit and on soft tennis balls. Edberg, 26, acknowledged
          85 words
        • 79 16 MONTE,CARLO A French mother and daughter, Elizabeth and Virgine de Fresquet, are competing in the 60th Monte Carlo rally in a Trabant to raise money for the Romanian orphans of Gradinari near Bucharest. "We're doing all right," said Elizabeth, who is taking part in her
          79 words
    • 435 16 Reuter BANGKOK lan Woosnam may finally be learning to deal with the pressures of his position as the. world's top-ranked golfer as he leads a strong cast into the start of the 1992 European tour season. The powerful Welshman is joined by three more of the
      Reuter  -  435 words
    • 348 16 Reuter MONTE CARLO man Didier Auriol, driving a Lancia, scored his second victory in the Monte Carlo rally on Wednesday, the first and most famous leg of the world championship. Auriol, who shot to fame by winning the race in 1990, took advantage
      Reuter  -  348 words
    • 330 16 Short-track skating Russian roulette of Winter Games Rtuter BRUSSELS It's rough, tough and spectacular three prime guarantees for the instant success of shorttrack speed skating at next month's Winter Olympics. The sport, which now boasts full Games status, is also devastatingly easy to understand. "The guy who's past the line
      Rtuter  -  330 words
    • 293 16 SAN DIEGO Japan's challenger Nippon upset favoured II Moro de Venezia on day three of the America's Cup challenger trials here on Tuesday when the Italian boat sailed for the wrong mark following a wind shift. Nippon, skippered by
      293 words
    • 796 16 If 1988 was Dan Jansen's.year of tragedy, 1992 could be his year of triumph AP MILWAUKEE No matter how fast he skates, how perfect his form, how smooth his style, Dan Janscn knows people won't forget his failure. Now, four years later, he has a chance to
      AP  -  796 words
  • Page 14 Advertisements
    • 250 14 'FOR A JINGLE WRITER I HAVE AN UNUSUAL AVERSION TO THE WORD JINGLE'. m l e t's face it, the average jingle is designed to appeal to a consumer with an IQ only slightly higher than that of an amoeba. So whenever a piece of music I've lovingly composed is
      250 words

  • Page 15 Advertisements
    • 67 15 B U S I N ESS T I M E S i > 3 K A Fashion Company requires Must have 3 to 5 years experience in Marketing related fields Able to manage Retail Store Speaks good English Pleasant able to interact at all levels Age above 30 years Have
      67 words
    • 305 15 Cardmembers earn up to 61% p.a. 4% isn't bad. It s the standard rate for a cau.22o 2818 fax 220 8809 Singapore deposit account. But there are some i ——i foreign currencies offering higher interest rates. i Account Opener From now until March 31, 1992, American «*«.r.iiife.. Express® Cardmembers can
      305 words

  • Page 16 Advertisements
    • 58 16 m mm < > I ii-:i iAH > t V f-i v j^U'Wx ,J* N f YEAR w OF THE f MONKEY: O'/ bull y-*SMa*f MARKET FOR I STOCKS? I WW*. 9 .m* 1- ~_.________J W mbM »i«. w W m h >w .<4^H Ava newsstands from your newsvendor Times
      58 words

  • Page 17 Advertisements
    • 83 17 r.flßr W I l^Hu^ajM I■■ jummmj^mmmaam^m* B g" If. .^R9IHHHHHRHHBHMHSBVHHIHHHHVHHHHHBBHBHPHHHHBK c I *j® gggMMMHgMM| j|toHM|M^Mtt|Mnteg| 'ji^H^rh I M^l I IHHIHHB HHIHHIpiV^I I 'tiS I ;v EPft« sgjH I I I Sr |jg Wiil S/ AaJjfedfefltfe&tt&wtl. -'*5#- "'"j'i.'Mvs*4 *> i '^r I PREMIER j from Johnnie Walker r i I A
      83 words

  • Page 18 Advertisements
    • 783 18 feM Nothing Beats A Bud. where to wine, dine OF HAVE A GRAND REUNION! (3 FEBRUARY) Seafood Theatre Restaurant 9 course Gala Reunion Dinner Choice of $398 $498++ menus With free Mandarin Oranges Lucky Hong Bao Dip Happines Hall fipH Reunion Banquet $338++ f\t '^Jw With Lucky Tbblc Draw I
      783 words
    • 225 18 Local Tea Time delights at Chatterbox "TJT" ev ery Friday. Saturday and Sunday. 3 pm to 5.30 pm. $14.50 per person $8.50 per child (below 10 yr») NArzzanr* Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pm to i pm. $16.00+ per person $10.00+ per child (below 10
      225 words
  • Page 18 Miscellaneous
    • 650 18 TELEVISION AND RADIO ytytpqqi vp lVTnvprriprif' y BOl2 H9HHIHB V/1313A ▼V/ -L lv/ ▼V/ AXiV/11 L 7.30 AM CNN Internationai (L). 5.40 PM Opening and Programme J!*JJ [jj** BBC, 88.9 mHz in VHF Band N «-30 Close. Higlights Followed by Wo Are "JJ L'r aw 7.05 am, 1.30pm, 5.05pm, 1.05
      650 words

  • LIFESTYLE
    • 586 19  -  Nirmal Ghosh reports on a path-breaking cultural initiative Nirmal Ghosh FOR ITS size, Scotland has given an amazing bag of riches to the world: Scotch whisky and golf, skirl of bagpipe and flash of tartan, the watery legend of old Nessie, and, of course, Robbie Burns.
      586 words
    • 541 19  -  Marion Burros discovers a new fat substitute that may be the answer to the battle of the bulge Marion Burros NYT THE RUSH to create low-fat foods has sent food scientists scurrying to their beakers and bunsen burners in search of fat substitutes. One method
      NYT  -  541 words
    • 423 19 CHATTER&^XI BARBRA STREISAND, Oliver Stone and three other Hollywood heavyweights were nominated on Tuesday by the Directors Guild of America to receive its annual award for best director of a feature film. The award, to be announced on March 14, is closely watched as
      423 words
  • Page 19 Advertisements
    • 265 19 AND ENTERTAIN ,k s, I Monday Western Delights Tuesda >' Chinese Savouries Wednesday Malay Temptations Thursday Indian Favourites Saturday International i Lunch in a Flash Different types of carvery and salad buffet lunch every day. 12 noon to 2.30 pm. $19.50++ per person. ANA HOTEL SINGAPORE 16 Nas»m Hill Sfigapce
      265 words
    • 29 19 Lunch 59.00 Dinner $13.50 En/oy our Shabu Shabu Sukiyaki Barbecue RESTAURANT KPBE Tel: 734-6796 4th fir Unit 04-06 07 Tanglin Shopping Centre Air llown KOBE BEEF 1 also available
      29 words
    • 236 19 CHINESE NEW YEAR AT j£S9j|% MARINA BAY CHINA CHINA RESTAURANT 4 NISHIKI JAPANESE RESTAURANT S* Special set menus available from 3 (New Year's Eve) to 18 Feb 1992 (15th day) The Club will be closed on 4 Feb 1992. a China China Restaurant opens from 1030 hours for Dian Xin
      236 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3802 20  -  By Quak Hiang Whai INVESTORS yesterday ignored political developments in the US and Asean, brushed aside Wall Street's record close on Tuesday and opted to stay out of the Singapore market. In his State of the Union address, US President George Bush
      3,802 words
    • Article, Illustration
      72 20  -  -By Chew Eng Han Comment UICs run-up from its December lows was impressive and it almost hit the second resistance of $1.10. Long-term outlook continues to look good at these levels despite a sell-off in the past week. With 5-day stochastks nearing zero, support between 97-99 cents may
      SOURCE: PONT DATA  -  72 words


  • 3288 22 NST 330 +8 +2.5% M Banking 422 +6 +1.4% Malayawata 247 +6 2.5% NST A 326 +6 +1.9% Emo 50* 402 4 +1.0% H Leong Credit 218 +4 +1.9% MAS 426 +4 f 0.9% Guinness 50» 310 +2 t^O.6% Pub Bk Foreign 120 +2 1.7%
    3,288 words
  • Page 22 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 5000 23 Bernama SHARE prices in Kuala Lumpur retreated after early gains to close easier due to lack of follow-through support with losers leading gainers by about three to two. Investors, who had earlier entered the market fired up by Wall Street's overnight rally, turned
      Bernama  -  5,000 words

  • BT SHARE INFORMATION SERVICE
    • 283 24 r *M»J Date Yaar Group Itet Nat aarniags Gross am to prallt/lMS (L) par sfcara dWttoad ('•00) (cants) Asa PKihc Jan 24 Sep 91 $65.969($55.737) 52 1(44) 28N(26N) )»24 -Sep 91 $57,443(553,080 > 32 6(30 1) 13N(12N) Goodwood Park Ian 10 Sep 91 122,137(121.216) 49 2(47 1) 80(50)
      283 words
    • 123 24 Company Dai* Yur Group pro-tax Hot oaratags Cross ih to profit/lots (L) par sharo OvWIoad (•000) (coats) Public Bank Jan 27 Dec 91 W164,626($128.235) 129(9 7) 85(6) NST lan 16 Aug 91 M»2.007($80.274) 30.9(33) 20(10) Kl Kepong Dec 27 Sep 91 M»5,468($84.804) 15 3(14 8) 15(15) Pacific Can
      123 words
    • 503 24 C«Mi> 6fy M** inn to profit/loss (L) dtiWiifl COM) M Bankitw tan 28 Dec 91 M$272.141 ($181,960 8(6) Rotxnson tan 27 Dec 91 $14,116(111.586) 6(5) Khons Guan tan 24 Oct 91 $346($139) Centrepwnt tan 23 Dec 91 $10,063(19,940 2 9(2.9) St Tyres tan 21 Oct 91 $2,174(11.791) Pep
      503 words
    • 336 24 Jan 28 Inchcape Bhd has pulled all its Singapore-based shipping companies together under the umbrella of a new company called Inchcape Shipping Services (Singapore) Pte Ltd. Hongkong's Hopewel Hofcfings Ltd and Malaysia's YTL Coloration Bhd are close to clinching a multi-billion dollar contract to build a power station
      336 words
    • 117 24 Company Rights Ksu« Asa Pac laid Four tor seven <o. MJO 50 pet share Ei-date tan 3 Books dose tan 17 Acceptance Payment Mar 5 lacks M Two-tor-one SI 00 per share Ex-date lan 8 Books dose lan 20 Acceptance I Payment Feb 28 Tadi Resources Pour tor
      117 words
    • 526 24 Company Rights Issue Mnct Tech One-kx-one <#, $100 per stare Bator Issue of S90 978m normal amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on Ok bass of $2 normal amount of Bonds for every three existing shares held Every J2 normal amount of
      526 words
    • 228 24 Hotel Malaysia Ltd: 29th AGM at the Tudor Ballroom. Goodwood Par* Hotel, 22 Scotts Road. Singapore 0923, on Thursday. Jan 30, at 11.30 am Goodwood Part Hotel Ltd: 44th AGM at the Tudor Ballroom, Goodwood Park Hotel, 22 Scotts Road. Singapore 0923, on Thursday. Jan 30, at 11.45
      228 words
    • 43 24 f II II g* 5-1 T-J- f v ofirrrsion sfccnu i rag xnpieis Conversion deadline Period I radiat Company starts (IDP) (ST) starts Jacks I at Jan 29 Feb 20 Jan 29 Feb 20 Feb 21 SPH NYA limes Pab NYA
      43 words
    • 412 24 CarrMt Ex Books Date Total far Total tor Wait data dosa payaMt tka roar last yar MffTT 4.2% (e) Feb 7 Feb 21 Feb 28 7 7% 5 75% test Find USlOC(b) Mar 10 Mar 20 Mar 30 US10C US10C Awno 20c 12.5%TE Mar 3 Mar 13 May
      412 words
  • 590 24 Relative Strength Index: This indicator measures the rate at which prices move up pr down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    590 words

  • STOCK EXCHANGE OF THAILAND
    • 2174 25 Reuter BANGKOK share prices ended mixed yesterday but heavy buying on major finance and property issues helped push the stock index slightly higher. The SET index ended 1.84 points higher at 768.57 on turnover of 6.32 billion baht. "After several sessions of profit-taking
      Reuter; SOURCE: PONT DATA  -  2,174 words
  • JAKARTA STOCK EXCHANGE
    • 1187 25 JAKARTA stock prices closed sharply higher on a strong industrial sector. The Jardine Fleming index rose 2.9 points to 59.45. The official index was unavailable due to computer problems. Pulp producers Indah Kiat and Indorayon gained 200 and ISO rupiah respectively to close at 3,000 and
      1,187 words
  • Page 25 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2645 26 AFP SHARE prices closed mixed in thin trading on the Tokyo Stock Exchange on Wednesday with the Nikkei Stock Average ending 28.26 yen lower at 21,362.26. The Tokyo Stock Price Index of all issues on the first section (Topix) gained 1.26 points to 1,584.73. The
      AFP  -  2,645 words
  • STOCK EXCHANGE OF HONGKONG
    • 2626 26 Reuter, AP HONGKONG shares ended moderately lower yesterday as solid early gains led by the banking sector were wiped out by profit-taking that started around noon. The blue-chip Hang Seng Index fell 15.20 points to close at 4,571.13, while the broader Hongkong Index
      Reuter,; AP  -  2,626 words
  • Page 26 Advertisements

  • AUSTRALIAN STOCK EXCHANGE
    • 2376 27 Reuter, UPI THE Australian share market ended lower yesterday after yields blew out in the bond markets, brokers said. Yields in 10-year bonds rose to 10.23 per cent, almost one percentage point more than they were on January 8, when the government cut
      Reuter,; UPI  -  2,376 words
  • REGIONAL STOCK MARKETS
    • Wall Street's rally halts Manila slide
      • 284 27 SHARE prices fell in New Zealand yesterday despite a 31-point gain on Wall Street as the local market was gripped by apathy. The NZSE-40 capital index fell 8.25 to 1,468.55. Brokers said the market wfes searching for reasons to rise but the spark to ignite it is missing.
        284 words
      • 525 27 PHILIPPINE shares closed higher yesterday following Wall Street's overnight strength, arresting a slide that began last week. The Manila Stock Exchange composite index was 11.45 points higher at 1,242.04. "New York helped encourage the market. It more or less stabilised the downtrend in the last few days, but we
        525 words
      • 484 27 THE Taiwan stock index finished higher yesterday on a strong financials sector despite some profit-taking in industrial shares. The weighted index gained 77.38 points to dose at 5,390.05 compared with Tuesday's 5,312.67 finish. Turnover was an active NT$53 billion against NTS49.B billion. "There is still a lot of capital
        484 words
      • 712 27 SHARE prices on the Seoul stock exchange dropped for the second day in a row in active trading yesterday. The composite index of the exchange, which lost 9.15 points to 665.96 on Tuesday, fell another 6.68 points to close at 659.28. Declines outpaced advances 488 to 251 among the
        712 words
      • 53 27 INDICES TURNOVER Owe Jaa 29 NEW ZEALAND NZSE-40 Capul 1,468.3S 1,476JO 4.25 Turnover (NZSmillion) UMV 2S.5 MANNA Composite Index 1.242.04 1,230.59 11.45 Turnover (million) 1,070 97S.7 +91.3 TAIPEI Weighted Price Index 5.390.05 5.312.67 77.31 Turnover (NTS billion) 53.0 49.1 +3.2 SEOUL Composite Stock Index 659.2S 665.96 •6.61 Turnover (billion won)
        53 words

  • WORLD STOCK MARKETS
    • US stocks hit record highs in active trade
      • Article, Illustration
        1476 28 STOCKS rallied to record highs in active trading on Tuesday as string corporate earnings encouraged buying Trom some of the investors who stepped t le sidelines awaiting President .George Bush's State of the Union message. The Dow Jones Industrial Aver- age, which gained 7.83 points on r Monday,
        1,476 words
      • Article, Illustration
        946 28 INVESTORS in the London stock market focused on special situations on Tuesday that helped share prices move ahead, but they remained in a cautious mood ahead of President Bush's key State of the Union address. The blue-chip Financial Times Stock Exchange 100-share index closed 12.1 points higher at 2,552.
        946 words
      • 217 28 GERMAN shares ended Tuesday's trading virtually unchanged as caution gripped the market after a week of near seven-month highs. Escalating industrial disputes and the receding prospect of lower German interest rates were capping prices, dealers said. They were also waiting to see whether any new measures to boost the
        217 words
      • 113 28 THE conclusive episode of a Dutch corporate saga spiced up a flavorless Tuesday session but most Dutch shares gave up early gains to close little changed. Late confirmation that Norwegian investor Torstein Hagen will be offered a long-coveted seat on Nedlloyd's supervisory board compounded earlier gains in the shares,
        113 words
      • 179 28 THE Paris Bourse enjoyed an uptrend on Tuesday, particularly after announcement of a new takeover bid (Fougerolle for SAE), and the CAC-40 stock price index ended at 1,890.60 points, up 1.14 per cent from the Monday close. Operators said the market remained encouraged by the government's plan to create
        179 words
      • 250 28 ITALIAN shares closed lower in lacklustre trading on Tuesday as the market focused on the afternoon's release of Giovanni Agnelli's letter to Fiat shareholders. The MIB all-share index provisionally closed 0.46 per cent lower at 1,074. "The Fiat 1991 results have been mostly discounted," one broker said. "What the
        250 words
      • 307 28 SWISS shares ended Tuesday's session slightly easier on moderate volume. Traders said the market was nervous and some investors were taking profits. "There are some worries that the recent upturn could come to an end. And nobody wants to miss the right moment for selling on profits," one trader
        307 words
      • 340 28 THE stock market spent another dull day drifting aimlessly on Tuesday in search of fresh direction, dealers said. No fresh factors emerged to influence trading either way, they said. Interest was described as minimal. The JSE All-Gold index ended the day 15 points lower at l; 258 versus Monday's
        340 words
      • 270 28 TORONTO stocks continued to slip on Tuesday as investors caught their breath after several weeks of spectacular gains, dealers said. "We were just getting a little overheated and now I think it's 'buyers beware'," one trader said. A firming of the Canadian dollar, which has been sliding since last
        270 words
      • 77 28 INDICES TURNOVER NEW YORK Close Prrkw Jan 28 Dow Jones SAP 500 Turnover (million) 3,272.14 414.96 217.18 3.240.61 +31.53 414.99 +0.03 190.97 +26.21 LONOON Financial Times 30 KTSE 100 Turnover (million) 1,973.8 2,552.0 551.8 1,966 4 2,539.9 448 1 +7.4 12.1 103.7 FRANKFURT DAX Index 1,683 08 1,683.58 -0.5 AMSTERDAM
        77 words
      • 80 28 Brussels Jan 28 Francs FORWARD MARKET Acec 2490 5 Artoed 3910 f 10 Astur 798 Brascan 550 unch Canpac 540 unch Cock 168 -2 De Beers 962 6 Ebes 7730 G Belg (P) 2135 -5 Gb-lnno-Bm 1350 12 Gevaeit 6850 40 Gr Bru Lamb 3370 15 Hobok Petro ***** 50
        80 words
      • 47 28 Vienna Jan 28 Aach A kg Holding 2570 60 Bank Austria (P) 495 5 E Allgem (P) 2430 20 Jungbunzl 9970 10 Lenzing 1039 4- 29 Leykam 362 4 Montana Ocsterr Brau 3730 10 Semperit 97 +-2 Steyr 270 6 Veitschcr 316 16 Source: Z-Landerbank Bank Austria
        47 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1177 29 REPORTS Tokyo: The US dollar was steady in late Asian trade yesterday after falling earlier as holders unloaded long positions on the perception that US President George Bush's State of the Union address did not provide any immediate good news
      1,177 words
    • 382 29 Cross rates j an 29 USS SS MS Dm Yen SFr AS NZS USS 1.6320 2.6660 1.6010 125.45 0.5582 1.4235 1.3423 1.8536 SS 0.6127 1.6336 0.9810 76.8689 0.3420 0.8722 0.8225 1.1358 MS 0.3751 0.61 0.6005 47.0555 0.2094 0.5339 0.5035 0.6953 Dm 0.6246 1.0194 1.6652 78.36 0.3487 0.8891
      382 words
    • 538 29 Interbank rates SS Bid Offer Overnight 3 1/4 3 1/2 I -month 3 3/8 3 1/2 2-month 3 3/8 3 1/2 3-month 3 3/8 3 1/2 Overnight mode: 3-1/2 ISS Bid Offer 7 days 4 1/16 4 3/16 1 month 4 1/16 4 3/16 2 months 4 1/16
      538 words
    • 383 29 Reuter NEW YORK R H Macy Co Inc junk bonds arc expcctcd to remain fairly stable in price during its bankruptcy proceedings, with the senior debt expected to hold firm as an attractive investment, dealers and analysts said on Tuesday. Traders sec
      Reuter  -  383 words
    • 225 29 Reuter TOKYO Fading business confidence, mounting inventories and a weakening economy justify another cut in Japan's official discount rate in the first quarter of 1992, senior economists said on Tuesday. "Japan's economy seems to be falling down the slope and the speed of
      Reuter  -  225 words
    • 1160 29 SjjjjDC EUROOOLLAR Open High Low Sett Est Vol Op/lnt Vol Mar 92 95.84 95.88 95.83 95.87 9500 ***** 2909 Jun 92 95.64 95.70 95.63 95.70 ***** ***** 4208 Sep 92 95.28 95.38 95.28 95.37 ***** 9802 2700 IX* 92 94.60 94.73 94.60 94.73 4500 5248 2347 Mar 93
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  • COMMODITIES
    • 313 30 Reuter TOKYO Heavy waves of long liquidation by Japanese investors are expected in the platinum futures market here, at least until the February month expires, traders said on Tuesday. The February month holds a large volume of open interest. "According to past
      Reuter  -  313 words
    • 335 30 Reuter KUALA LUMPUR The bullish outlook for palm oil prices will give a muchneeded boost to Malaysian plantation shares, long neglected by investors drawn to higher-growth sectors of the booming economy, analysts say. "The prospects are encouraging," said Ang Kok Heng,
      Reuter  -  335 words
    • 812 30 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market shed one sen to close at M 514.19 per kg in light trading yesterday. Dealers said the market was weak because of poor buying interest despite the firmer London Metal Exchange overnight.
      812 words
  • 1456 30 Rubber Jan 29 HAS (MiaMM) S cents/kg Noon Close Int 1 RSS Prompt 130.00/131 OON 129.50/130.50N Int 1 RSS Feb 92 130 50/131.00 130 00/130 50 Int 1 RSS Mar 132.00/132.30 131.50/132.00 Inl 2 RSS OP 129 50/130 50N 129.50/130 50N lm 3 RSS OP 127.00/128 OON I27.00/I28.00N Inl
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  • Page 30 Advertisements
    • 542 30 BUSINESS TIMES IbM «r— T* Wo 737 0043 Fax Mo: 734 3666 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Aug Leng Kuan of Bk 425 Senngoon Ave 1102-225, Singapore 1955, have applied for a Beer Howe, fit* Clam licence in respect of premises at M/s Palm View Food
      542 words
    • 495 30 IN THE MATTER OF THE COMPANIES ACT, CAP N AND IN THE MATTER OF DODDEMEADE, DOWLER A KASLAN ADVERTISING (S) PTE LTD (In Member*' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company which Is being Voluntarily wound up. are required on or before 29 February
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    • 6 30 Innovation Technology in BT every Tuesday
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  • 1255 31 City Flight ETA n*t ETD Abu MMM GA887 1415 GA894 2015 MtkU» Qf 5 2010 SQ228 2040 >MMM SQ23 0700 GA894 2015 KL833 0955 KL834 2325 GA975 152S (iThlirt BAH 1225 SQ285 2215 •ahraia Gf 148 0915 GA525 1450 B Sari Bagawaa B1453 1105 SQ182 0915
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  • THE TRAVEL PAGE
    • 319 31  -  POSTCARD FROM MUSCAT By Meredith Campbell THE LOST civilisation of the fabled city of Übar, sought by scientists for ccnturies, may have finally been tracked down in the southern Arabian desert, British explorer Sir Ranulph Fienncs said on Monday. A team led by Sir
      319 words
    • 152 31 As at 3pm yesterday: I/)c«l dollars to one unit or foreign currency Currencies Bid Offer Australian dollar 1.2095 1.2260 Canadian dollar 1.376S 1.4050 NZ dollar 0.8705 0.9060 Sterling pound 2.9110 2.9510 US dollar 1.6270 1.6360 I»cal dollars to 100 units of foreign currency Austrian schilling 14.30 14.65
      152 words
    • 73 31 Duration Title Venue Organiser Td Duration Title Venue Organiser Tc Mar I-4 1st World Gems A Hongkong Headway Trade 852-*****64 Mar 10-12 Cadcam NBC. EMAP Ind 071-*****47 1992 Jewelry Fair Exhibition Fairs Lid (fax) >992 International Birmingham Exhibitions Ltd (fax) Centre Sho* Mar 2-4 British Sandown Equestrian
      73 words
  • Page 31 Advertisements
    • 38 31 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. We know Europe from start to Finnish
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    • 9 31 Managers Must Manage BT shows you how every Monday.
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    • 42 31 JH ,9km ihmmL. uHI B jJaifc Tflfira 4BT i Champion bowler Grace Young's PILLOW Four Silky Terriers snuggle up with her at night. Sports personalities and actresses reveal their secrets What huggables they take to bed every night. Hi Monday to Saturday
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  • Page 31 Miscellaneous
    • 247 31 1 Dumpy Victoria, for ex- -Lihips replaced 5 Lingers in Staffs, we hear j j j j j I 1 I 1 Simpler form of HB__flH__ shown on a diamond? (8) il I 11 Bang up to date the fu--12 Cold state of something I j j j 1 oven-baked
      247 words
    • 168 31 Singapore Outlook: Windy with showers over a few areas in the late morning and afternoon. Report: Maximum temperature 30.8 Assoc humidity 67% Minimum temperature 24.4 Assoc humidity 92% Hours of sunshine 7.15 Rainfall in mm Trace Rainfall this month 83.9 Rainy days this month 9 World forecast Asia-Pacific Hi/I>o* C'ood.
      168 words
    • 32 31 so wow Sigh'... \TI PiRTiCULAT£.£f<£RGCJiC Come 'ro i n &RNGING FN HZPD ftGWST &NTHuSiASriC WD f\m3mOUS &IG v4ToLNTH ft BRiCK UIRLL s IN PO CM«er suveß' 7 a*>oz ASSOCIATED NEWSPAPERS ITO IKMM2
      32 words

  • 439 32 600 long-range missiles already taken off alert Agencies MOSCOW Russian President Boris Yeltsin announced a sweeping series of nuclear arms cuts yesterday and urged the world's other nuclear powers to sharply cut back their own arsenals. Speaking hours after President Bush announced
    Agencies  -  439 words
  • 365 32 The BCCI collapse Agencies HONGKONG The Lippo Group's takeover of the beleaguered Bank of Credit and Commerce Hong Kong Ltd (BCCHK) has encountered a stumbling block, Lippo Ltd managing director John Lee said on Wednesday. Provisional liquidator Noel Gleeson admitted to reporters
    Agencies  -  365 words
  • 391 32 Reuter KIEV Ukrainian President Leonid Kravchuk has asked Parliament for sweeping executive powers to help him push through rapid economic reforms. "The foundation of our state is taking place in difficult times. The economic downturn is continuing People are losing faith in
    Reuter  -  391 words
  • 166 32 AP MANILA Presidential aspirant Imelda Marcos was arrested yesterday for allegedly maintaining foreign bank accounts illegally. She was freed more than three hours later after posting a 30,000-peso (S$ 1,780) bond. The widow of former president Ferdinand Marcos was arrested at the luxury
    AP  -  166 words
  • 715 32  -  The Bottom Line KENNETH JAMES KENNETH JAMES The writer is BT's Economics Correspondent SO THE die is cast. The Fourth Asean Summit has mapped out bold new directions, with economic imperatives clearly leading the political. Two of the three documents the summit produced are
    715 words
  • 187 32 Reuter SEOUL North Korea is to sign a long-awaited agreement allowing international inspection of its nuclear facilities today, South Korean foreign ministry officials said yesterday. "North Korean officials arrived in Vienna yesterday to sign the nuclear safeguards accord with the International Atomic Energy
    Reuter  -  187 words
  • 394 32 AP PHNOM PENH Princc Norodom Sihanouk, who heads Cambodia's national reconciliation effort, yesterday pleaded for an end to political violence that threatens to disrupt his country's fragile quest for peace. His call came a day after a leading dissident was shot in the Cambodian
    AP  -  394 words
  • 369 32 Agencies MOSCOW Palestinians again stayed away from the final day of the Arab-Israeli peace talks yesterday, saying they won no concessions that would enable them to take part. "There were lots of contacts yesterday but the situation has not changed," said delegate Saeb Erakat.
    Agencies  -  369 words
  • Page 32 Advertisements
    • 473 32 The World's Finest Photographic System Nikon Price Specials See SBC Text Ch. 8 Pg. 188 (3 pages) 111 a chaot,c world of incessant change, rising complexity" and intense competition, "Wc arc drowning in intomianon and starved tor knowledge." A' NmisHtt, in "Mrjmrrrmir" 1 15 hardly surprising that even smart executives
      473 words
    • 12 32 Cuts will shrink all 3 legs of US nuclear triad, Pg 2
      12 words
    • 16 32 The World's Finest Photographic System Pries Specials See SBC Text Ch. 8 Pg. 188 (3 pages)
      16 words

  • Shipping Times
    • 381 33  -  By Rahita Elias SINGAPORE The container trade between Asia and the US is expected to grow by at least 2-3 per cent this year, with growth expected to be stronger in the second half of the year, according to the Trans-Pacif-ic Stabilisation Agreement
      381 words
    • 292 33 AFP MANILA The longawaited privatisation of Philippine Airlines (PAL) is scheduled to take off today, after overcoming last minute intra-governmental opposition against the sale of the national flagcarrier. Only three local finance companies have said they will participate in the sale of 67
      AFP  -  292 words
    • 311 33 Reuter LONDON Transport Secretary Malcolm Rifkind said on Tuesday that he had appointed advisers to look at how the private sector can take over the completion of a rail link between London and the Channel Tunnel from state-owned British Rail (BR). In
      Reuter  -  311 words
    • 220 33 Reuter LONDON More thaa 1,000 people were killed in aircraft accidents last year, an increase of nearly 80 per cent on 1990, this week's edition of the aviation magazine Flight International reported. **1991 was less safe than the previous year
      Reuter  -  220 words
    • 876 33 Page Col ABC Containerize 12 1 Accord Group 8 1-3 APL 5 3-5 A PC Line 13 5 Arrow Inter 9 4 ASCL S 9 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 10 I Bangladesh Shpg 8 5 The Bank
      876 words
    • 344 33  -  Dexter Lee SINGAPORE Londonbased insurance mutual Through Transport Club (TT Club) has turned to cartoons as its main weapon against the growing theft of members' commercial vehicles. The cartoons are the second phase in the TT Club's campaign to reduce insurance claims
      344 words
    • NEWS SUMMARY
      • 63 33 THE CRASH in France last week of an Airbus A 320, the most advanced commercial aircraft flying, has revived public concern that technology may be outstripping man's ability to manage it safely. But recent studies of both automated cockpits and the accidents involving them have
        63 words
      • 22 33 THE Institute of London Underwriters has announced losses of £1.86 billion (555.4 billion) in 1991. Back Page
        22 words
      • 40 33 McDonnell Douglas Corp said operating earnings from its transport aircraft segment increased 137 per cent in tte fourth quarter to US$9O million (SSI47 million) from US$3B million in the fourth quarter of 1990 Back Page
        40 words
      • 40 33 GERMANY'S decision to further liberalise its telephone market is yet another hard blow to Mannesmann AG's Mannesmann Mobilfunk GmbH, still waiting to kick off the country's first private mobile phone service, analysts said Back Page
        40 words
    • LOG BOOK
      • 106 34 WASHINGTON British Telecommunications pic said J P Morgan and Co Inc gave it a five-year, US$2O million contract to service "a major portion" of Morgan's global data networking operations. Morgan said the pact will save it about US$l2.5 million in operating expenses. The deal calls for
        106 words
      • 47 34 SINGAPORE Sweden-based Kvaerner Ships Equipment has been appointed by Italy's Grimaldi group to design a cargo access system for the latter's new car carriers. The two 12,000 deadweight tonnes car carriers are under construction at the German shipyard Flender Werft.
        47 words
      • 112 34 WASHINGTON The House voted to scrap ageing World War Two US cargo ships called the ghost fleet. The 115 ships are part of the National Defence Reserve Fleet of deactivated cargo ships kept for use in emergencies at a cost of about US$2
        112 words
      • 84 34 SALONICA, Greece About 700 Greek trucks blocked commercial traffic at borders with Bulgaria and Yugoslavia as drivers protested over rises in transit fees, police said. Truck drivers say that after the civil war in Yugoslavia forced them to reroute, Bulgaria raised transit fees by up
        84 words
      • 93 34 ANCHORAGE, Alaska Air France said it will move its Alaska operations to Fairbanks from Anchorage at the end of March. The carrier plans to end its international passenger service through Anchorage in mid-March, opting instead for shorter routes through newly opened Siberian airspace. Air France's
        93 words
      • 66 34 LONDON Air France said it is cutting flights to BAA pic's Stansted airport from March 29. The airline said in a statement released here the move was part of a rationalisation of its services between London and France. Air France said it will start
        66 words
    • 886 34  -  Catherine Arnst finds pilots need training to work with, not against, their fancy cockpit computers Catherine Arnst Reuter London The crash in France last week of an Airbus A 320, the most advanced commercial aircraft flying, has revived public concern that technology may be outstripping man's
      Reuter  -  886 words
    • 821 34 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      821 words
    • 828 34 THE FREIGHT market on Tuesday took another battering from lower freight rates reflected in a 15-point Baltic Freight Index fall to 1,468 after turning drastically lower on Monday, brokers said. They said weakness was apparent in all sectors although the Australia/West European coal route was slightly higher. After
      828 words
    • 5704 42 This is a list of ships loading at Singapore Tor 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. Advaneed dates are published for a maximum
      5,704 words
    • 3340 47 Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Ptc Ltd (SVAccord Cootr Line (PK/PN). Adkrts Bwimi Corporation Philippine Cat source Shpg A Trdg Pte Ltd (S) Ahreakiel IJner Service Kim Shpg A Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred C
      3,340 words
    • 254 47 Abacus Couriers Td: 545-8011. Fax: *****98 Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844 Fax: *****16. *****80 Airswilt Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster Link Supplies A Services
      254 words
    • 1535 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-803X1Fax: *****05. Aerosoeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air Market
      1,535 words
    • 3401 48 ARGENTINA Buenos Aires: Port busy but no waiting time except for vessels with deepest draft which are limited to very few berths. Warehouses and fiscal areas for storage of import cargo continue to be congested. San Lorenzo: Port busy; 5 vessels in port of which 3 loading pellets/by-products,
      3,401 words
    • 1253 48 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Bchnun Kaptan: 14.960 dwt and built Dec 1980 Caneco, best offers either charter-free or time-charter till Sept 1992 at US$5,OOO per day nett. Cereza: 21,080 dwt and built Apr 1982 Watanabe Hakata, brokers trying in excess of U557.75 million. Magnolia: 23,853
      1,253 words
    • 575 48 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To r TODAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 1 BKK r SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON -r CLX CV794 B747F I84S
      575 words
    • 635 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Sawe of Vessel ETA KI L> Ports of Calls Port Age* MN 30 30 Asuka 0800 1900 Sin-Semarang-Caims NYK Agencies 30 30 Royal Pacific 1000 1800 Sin-Jakarta Ocean Trade Chartering 31 01 Shangri-La World 1000 1800 Sin-Phuket Sembawang Johnson FEB 01 01 Shangri-La
      635 words
    • SHIPS IN PORT
      • 562 49 \>oy Wo Barth Vmi Dapartot Voy No Barth km* Daparturt i2iI Ua 1 MTU *"*> 6 alw s,de 3001/0600 SlL n!«L < f Kuala Sak (V/B J3 ata*side 30 01/2300 SSLST" X 22t 2 2 Labroy 80/B J2 30 01/1700 Batamindo 1 153S M01 alongside 29.01/1800 u
        562 words
      • 244 49 KMW 6 rOn Berth: 1: ml; 2: Kota Alam; 3: Setya Pratama, Arktis Pearl; 4: Karyatis; 5: Barge Munar No 2; 6: ml. 01 jetty; Crestventure L, Cerlang. DCJ: Bunga Kasturi, Ocean Elite Due on Jan 29: Gloria, Fortunate Star, Dong Wei, Barge Sea Maco, Kota Mesra,
        244 words
      • 902 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bootaf/Babnce Rsfts Ship Voy No Etb/Btr Period From To From A Abraham 9822E 01/0830 3 30/0700 30/1159 30/1400 _4 30/1200 30/1459 30/1700 A Abraham 9823E 31/1200 3 30/0700 30/1159 30/1400 4 30/1200 30/1459 30/1700 ACX Daisy 22B 31/2300 1
        902 words
    • 237 50 Reuter ST LOUIS McDonnell Douglas Corp said operating earnings from its transport aircraft segment increased 137 per cent in the fourth quarter to US$9O million (Ssl47 million) from US$3B million in the fourth quarter of 1990. The 1991 fourth quarter, however, included US$3O million
      Reuter  -  237 words
    • 322 50 Reuter LONDON The Institute of London Underwriters on Tuesday announced losses of £1.86 billion (555.4 billion) in 1991, deepening gloom on the London insurance market where Lloyd's has already run heavily into the red. The 114 insurance firms, which handle half of the marine and
      Reuter  -  322 words
    • 213 50 Reuter BONN Germany's decision to further liberalise its telephone market is yet another hard blow to Mannesmann AG's Mannesmann Mobilfunk GmbH, still waiting to kick off the country's first private mobile phone service, analysts said. On Tuesday, Postal Minister Christian Schwarz-Schilling said he would offer
      Reuter  -  213 words
    • 173 50 AFP TORONTO Canadian aviation giant De Havilland Inc announced plans on Tuesday to lay off 287 of its 3,700 employees because of falling production levels. De Havilland president Daniel Heidt said last week that more lay-offs would be necessary during a signing ceremony
      AFP  -  173 words
  • Page 33 Advertisements
    • 20 33 Ums and MrvteM nsmmU4 —ffctn «f tin »Hhlij «f kttnMn ftgWll] ZfiSlSSZ.**" hor advertising enquirin, contact Shipping Times: /W 740-2059/740-2090.
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    • 196 33 the FAMOUS C2UROPB BEXBBII 224 1833 For more Information pleane refer to Pg. 13 I tm Forwartters 15 Mr Fro** Seta** IS Cocfcett Report '2 Contancr SdwMe 11 Courier Services 15 Cruse I Ferry SctaMes II My Fraflfr "t Into to Mwittrt 1 fort Contains K Shppnc Agerfs Show Gude
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  • Page 35 Advertisements
    • 2506 35 OOCL PTC LTD JARDINE SHIPPING AGENCIES *****11 FAX: *****09 \UMw BOOKINGS TEL: *****234 *****58 ■IHIIM TERMINAL/CFS TEL: *****218 220 H PCSAKA JARDINE SHIPPING AGENCIES SDN. BHO L VWV A PORT KELANG TEL: *****18 FAX: *****91 *****88 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated to Quality Service ipoh tel:
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    • 3227 35 ■□BQSsaaaa NEXT SAILINGS TO HONG KONG AND JAPAN ARTHUR MAERSK VOY. 9204 ETA SIN 3/2/92 LOUIS MAERSK VOY. 9204 ETA SIN 4/2/92 I, VMMi Voy ETA I ETD Fmd*r fry DESTINATIONS Johanna to ThM week Lout* Meerak 9204 cv 4/2 0600 mrs Port CFS 3/2 2354 HRS Kaiang Penang OAK
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  • Page 36 Advertisements
    • 1412 36 R'DAM/ VOY NO S PORE JEDOAH S'HAMTON H'BURG ANT LE HARVE KASUQA 1 19/104 30/1 8/2 22/2 18/2 17/2 DRESD6N EXPRESS 03/304 2/2 19/2 21/2 24/2 25/2 flySf|2»v HONGKONG EXPRESS 05/105 8/2 15/2 29/2 25/2 24/2 MONTE ROSA 17/305 9/2 28/2 28/2 2/3 3/3 ELBE 09/108 12/2 22/2 7/3 3/3
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    • 708 36 SEASPAC SERVICE MRECT SOUTH P*CfTC SERVICE SIN NOU SUV PPT IMPERIAL 3202 EB 23-28/2 12/03 15/03 20/03 PALEMBANG 3301 EB 11-27/3 7/4 10/4 14/4 Transit Tkr» (13) (10) (22) ALSO ACCEPTS* CARGO VU SUVA TO LAUTOKA. PAGO PAGO. AHA. NUKUALOFA, P. VIA FASTEST SERVICE TO CWLE/PERU SIN CLX OQ ANF
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    • 1581 36 ESjorarm un REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SM AL6 BCI HAM BR£ ROT ANT FEL UM (VIA (VIA (VIA an mm) rod NORASIA SUN 9147-3 05/02 25/02 27/02 02/03 03/03 03/03 04/03 04/03 05/03 NORASIA PRINCESS ***** 00/02 21/02 01/03 05/03 00/03 07/03 OS/03 09/03 10/03
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  • Page 37 Advertisements
    • 1931 37 W W STRAITS SHIPPING PTE LTD ■f: 15 Hoe Chiang Road #09-01 Sanlord Building Singapore 0208 Tel: *****88 Fa/: *****17 M MIS STOW B-KOK snuirs »NH«K wo* u. J. PCGASUS PROGRESS V 703K 04 05 FEB 09 09 FEB STRAITS VENTUK VO3E Muara. Lab. KK 10 lan 31 Jan 01
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    • 2284 37 Wg% SINGAPORE AGENT: PKtTI PAO Containers (Singapore Agencies) R« Ltd X (XV/ 9 15 Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 wr* Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 W CR Number: **********0Z EXPORT IMPORT VCSSCL VOY 'MO *PKO WM ALO SOU AWT
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  • Page 38 Advertisements
    • 443 38 i.iiiJimii.iy.i T CR NM **********0-0 EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSI/WY SPO«£ AOAM/ADAM H'BURG BRCMCN ANTWERP MATARMM/31WB 21/2 24/3 29/3 2/« 5/4 fast transit time ACCEPTING BREAK BULK/CONTAINERISED CARGO Sobjact to InducamanL Atoo accepting cargo to CaaaManca, Port Said, Port Alexandria. Q»i>aa. Trtoata. ALSO ACCEPTING BOTH CONTAMERS, CONVENTIONAL CARGO
      443 words
    • 1344 38 HANJIN SHIPPING FOR DSL SM LME HAUL LM OAK FOR VSI Ml |UE HAUL SAV lit KTC HMUN ROTTERDAM 017E 1/2 08KCT 22/2 25/2 HAMN OEM 87* 3/2 H. KOBE 83SE 12/3 13/3 15/3 HANRN HAOHSRJNG 887E 10/2 08ECT 2/3 5/3 HMUN MMM 885E 10/2 RWMMM 19/3 28/3 a/3 HAMN
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    • 1112 38 i Im w ist #t m wo» ip u rw iu m nc m m wr we no aa m i aonr k«2 «/i 4/2 11/2 12/2 wt im wt a/2 21/2 nn wt 4/1 u/i a/i 21/j ji/j i/« 2/4 v« «/< u/« a/4 a/« a/« f OMMT K
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  • Page 39 Advertisements
    • 1567 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****44/*****14 jJrjf FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****89 IMPORT CFS MB2: *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 *****53/*****50 2ZSZ Mr NEPLINE SDN BHD
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    • 984 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCOLINEJENQUIRIES; *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) IV| v %I'l I Ql y|B flB I I FULL CONTAINERSHIP SERVICES EASTBOtM) DISCHARGMG WESTBOUND—LOAOMC TRAmgPP W* ft)i itAOAM
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  • Page 40 Advertisements
    • 1540 40 K 4 4 AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) mm w V <■ m TEL *****77 TELEX; KAWAKIRS23I6S FAX: *****07/^9 I I fXJ M MALAYSIA: "K" UNE MARITIME (MALAYSIA} SON BHD I JL bL. JLV JL MmJ TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1
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    • 1051 40 PHIU OMCNT LINCS PTC LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Tele*: RS ***** FAX: *****76/*****38 BY AIR, LAND OR SEA.... JOSr WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION .i»~YintMiTiiiTilTt*-*-~' ectMO.niM 15 FEB SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 17 FEB AUCKLAND.
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  • Page 41 Advertisements
    • 1072 41 ***** pacific international lines (pte) ltd 0 VBw PIL Building, 140 Cecil Street *03-00, Singapore 0106. [jAkAfrfA I 111 [BANGKOK Z- VESSEL VOV SIN JKT SIN VESSEL VOY SIN BKK SIN BUNQA TERATAI 063 2/2 4/2 6/2 DUTOv* 0 MN 1/2 4/2 5/2 enSN A/9 A/9 11/9 P€TR OUTOV 05N
      1,072 words
    • 1259 41 EacßenV F CLASS CONTMNIR TRANSPORT FEEDER VESSEL PENANG PKELANGI OCEAN VSL/VQY SIN SOU (1) RTM (2) HAM (3) GOT (4) ANSON/TBN 3WI 1/2 ALSIA 2042 4/2 21/2 23/2 24/2 26/2 ANSON/TBN 7/2 8/2 BENAVON 2052 IU2 28/2 1/3 2/3 4/3 ANSON/TBN 14/2 15/2 JUTLANOIA 2062 18/2 6/3 8/3 9/3 11/3
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    • 507 41 MYANMA WBmk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIf Pen P.Gdj AVA VII3W In Pt 1/2 Feb SITTWt VSIN In Pt HP* AN VI73W 1/10 Feb MYOMAr*A VI39W 16/18 Feb THE BANK LINE (A service of Andrew Weir Shipping) SEMI-CONTAINER SERVICE \1 HEAVY LIFT CAPABILITY
      507 words

  • Page 42 Advertisements
    • 591 42 gJjHUjUSgj STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS IN BOUND VESSELS ML *0* SP M KMC IK SMI AXEISM in 31/1 II 11/1 2/1 OMW OCUK 1(1 31/1 tstu TUMI 1$ 7/2 9/2 TIMS AITO 3t 9/2 COSMK PWKEI 1) U/2 u/2 *SIA« ami 140 13/2 U/2 OAIIA
      591 words
    • 79 42 [Spore P Kelang Loading for 9 *0 31/1 Rdm/AI»/UK/Nanfes/Valencia H. OLDENDORFF 1/2 BarcHona/Btlbao/Atw/UK I NORMAN MAMO 12/2 IS/2 Rdm/Atw/UK/Nanles I IS pore Loading for I GLOBAL STAR 2/2 Jeddah/Aqaba I SAMMI BLONOC 1/2 Dubai /Dammam I TBN 8/2 Muscat/Dubai/Dammam/Kuwait I r S'pore Loading for^^^^^^^^H PAN LIBERTY Los Angeles/New Orleans/ I
      79 words
    • 102 42 /Mxssxfl Boa Australia <S Now Zealand Weekly LCL Consolidation few CARGOFLO Singapore-Australia Fremantle Adelaide Melbourne Sydney Brisbane Singapore-New Zealand v I l, Auckland Wellington Lyttleton n 1 mfA New Plymouth Napier 1 JTe 1^*****88 M Fax: *****83 »T=^| *****1 EUBBPE/S.LA. BBEAKBULK SERVICE PMBL VESSEL KRJKMNG CAREER IJMJDEN 10-14/1 ANTWERP 22/1
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  • Page 43 Advertisements
    • 1142 43 ■/"MS WEDLLOYD GIVES YOU DUBAI DIRECT VESSEL Jkt P*| *»k Sn STiayi Auckland Rji(») N .Plymouth (A) fmaru LyttcMon(B) Ounedm(B) Napcr *«fcnfton(C) T»uran|i FECOCR MISSEL P KLANQ PENANG OCEAN VESSEL SIM LE HAVRE(I) fl'OAM(l) H BUHGd) I HAVEN F'STOWI S HAUPTON G'IUKQ N Rosano/2102S 3/2 6/2 5/2 5/2 7/2 15/2
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  • Page 44 Advertisements
    • 753 44 TO AUSTRALIA/NEW ZEALAND Si» iFrwi 11Mb Tsis Awe* INK If CHAIN WITWEIff N2K 372 15/2 11/2 24/2 HJI MARTHA I?M M/ 2 S/3 10/1 13/3 1»/J lUi ELLEN HUWG 217 12/3 19/3 24/J 27/3 2/4 *7* •RUSSfI 2U 5/4 12/4 lf/4 11/4 25/4 21/4 TO USA/CANADA VSL Ski GuM Port
      753 words
    • 843 44 EXPORTS TO HONGKONG, TAIWAN, MANILA t JAPAN "TWCf WEEKLY" MALACCA STRAITS SERVICE OUTBOUND VOY PKI PEN «T ISM I MNL KG KAO KIE TYO YOK jjjjl NGO KoB~|| VESSEL WOT |SM |PKI PEN SIW SW~| ACX DAISY 228 »*27 1 **29 1 281 311 4.2 112 11 2 12 213
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    • 252 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD eta eta eta SPORE mi KELANG WUM HIE lADC 7/2 4/2 loAdinf lor Male ONMAI HUDHU 10/2 Loading lot Calcutta OOWON 14/2 loading Fo< Male noiei sumac 4/2 Loadinf fv Male OONAKULHI 1/2 Sailed Loaded For Fefcwaru PROGRESS Win 15/2 Load*! lor
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    • 1520 44 t si W m l CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MALAYSIA'S AGENTS: SINGAPORE'S GENERAL AGENTS NWOtt AGENTS: CHUNG CHIAO SHIPPING SDN BHD nKTar Shipping PTF LTD PT. GLOBAL PUTRA W. TEL: *4/5091/17 FU *****52. ***** INDONESIA MARITIME f KLANG ra. 36U10C/ITU :IM ***** TEL: *****00/*****33 !rTnTfß>n*io7 Ml
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  • Page 45 Advertisements
    • 693 45 r lit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE *****33 24 LINES UMASSOL/PIREAUS 1/2 ROTTERDAM 1/2 HAIF A/ASWOO/ ALEXANDRIA 172 HAMBURG/BREMEN 1/2 MARSEILLE/FRANCE V 2 FELIXSTOWE/UK 1/2 BARCELONA/SPAIN 1/2 LEHAVRE/ANTWERP 1/2 GENOA/ITALY 1/2 GOTHENBURG/SCANDINAVIA 1/2 :j LOS ANGEIES/WC/FI 1/2 I SYDNEY/MELBOURNE 1/2 NEW YORK/EC
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    • 1304 45 r£rt RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****11 (11 Uhm) H M i^JWiUilllliiNlWlllHllilllllßliTiK^^^M m FAX: *****18/*****01 00J TELEX: R8 ***** RWHIP (1 Unn) ETHIOPIA* SWPPMG UNES JA&ABIA banokok h— 1 (National L.™« ol Etta*.) *m I 1 «f 11„ \m I —Mi I I "HUM 12*3 01/02 OQ/Q2 UUBJ
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    • 111 45 Vassal Voy ETA ETD Dastn TZU HANG 923CS 3/2 C/ 2 Kompongsom EXMNA 9232S 9/2 U/2 Ptawm Penh HONGZHAN 9230S 12/2 14/2 He CM MM HOSHO MARU 9222S 10/2 11/2 Vunftau SHUNFU 9214S 1/2 10/2 Yangoon GENKAI NO S 9202S 2/2 7/2 Ptmorn Pwh 11 —3P 1 SOON KIAT SHIPPING
      111 words
    • 328 45 Baa&fl tmr-US VSL VOY SMOAPORE MADRAS SINGAPORE VESSEL VOY SM MM SM TWER SHARK 07* 30-31/01 00-00/02 14-15/02 TMP BMDGE 109N 03-04/02 10-12/02 10-19/02 TWER SPEED 190N 11-12/02 10-20/02 20-27/02 V«L VOY WNQA»*OWg/CALCtfTTA/WNQAI*OWg VESSEL VOY SM CM. SM LHOT3E 41CCNB 02-03/02 09-13/02 19-20/02 TWER RIVER 144CN8 09-10/02 19-19/02 25-20/02 EAGLE
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  • Page 46 Advertisements
    • 1370 46 S'PORE IMPORT: *****02 j PENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 UK/SCAN/MED PORTS COLOMBO/S AFRICA PEN PK SIN PEN PK SIN Colombo 6/2 7/2 8/2 1/2 2/2 3/2 Ldn/Fli/Rdm/Ant Durban/Pt Louis 13/2 14/2
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    • 393 46 'flpfc BLUC BTAR LINE TO FROM ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS sm m. ml in sm MUIBERA ?5S 10/2 22/2 VIA NPt 24/2 12/3 MAHSURI 0514 19/2 2/3 VIA NPt 4/3 21/3 PKOSPECT 17S 4/3 l«/ 3 <M NPI U/3 4/4 FULLY CONTAINERISED SAILINGS
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    • 1110 46 I THONG SOON LINES PTE. LTD. mi 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****68 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO tuwwm*HAUc(MT*mn T SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vessel Ivor In* dist vessel w spmc p. mm"
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  • Page 49 Advertisements
    • 15 49 Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
      15 words
    • 227 49 STAGER FREIGHT SERVICES PTE LTD TEL 273-3838 •FAX: 274-1100 PK 03-*****80 PER 04-*****2 »JKT: 21-*****1» 88V: 31-*****0 SIN LH/PAR FFURT/MANNHEIM ATHENS/PW STUTTGART VALENCIA LISBON THESSALONIKI 2/2 21/2 25/2 25/2 26/2 27/2 9/2 28/2 3/3 3/3 4/3 5/3 SIN VCR MTL/TOR SIN SYD McLB 5/2 1/3 7/3 31/1 11/2 12/2 12/2
      227 words
  • Page 49 Miscellaneous
    • 286 49 TIDES AND WEATHER TODAYS TIDES (lw#t in metres) HOW 0000 0100 0200 0300 0400 0500 WOO 0700 MOO 0900 ******************** *****(00 **********00 2000 2100 2200 2300 H 16 16 16 1.7 1.9 21 23 2.5 2.5 U 22 19 1.6 1.3 LI 09 08 09 10 12 1.5 1.7 19
      286 words

  • Page 50 Advertisements
    • 1066 50 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARME CO. LTD. to pacific south-west to pacific north-west fgDOt WT HE WD I U* HMH WT MO LW OW XA IM HMI DOT M 0 TCM/ttA m. SA MMDt N042 23/01 IAUUSM ME 31/01 M/K 21/12 22/12 TMieWORLD 7S£ 12/K 21/12
      1,066 words
    • 733 50 CHARTPOINTI Every Saturday in Business Times 1/CTviSA FREIGHT SERVICES PTE LTD £5 nil tITSTii X q We Sail The World For You REGULAR GROUPAGE LCL CONSOUDATION SERVICES IMPORT EXPORT Oceania Port-of-Call Far East Poct-of-Call Australia: Bangkok Sydney Hong Kong Melbourne g Manila Fremantle Keelung Busan New Zealand: Jakarta Auckland Penang
      733 words