The Business Times, 6 February 1992

Total Pages: 34
1 34 The Business Times
  • 16 1 BUSINESS TIMES THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Thursday, February 6, 1992 75*
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  • NEWS SUMMARY
    • 79 1 MADRID Chinese Premier Li Peng held talks with Spanish Prime Minister Felipe Gonzalez yesterday at the start of a two-day visit to Spain during which Beijing's human rights record again came under scrutiny. Mr Li is on the
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    • 52 1 KARACHI Pakistan's privatised Muslim Commercial Bank (MCB) yesterday offered 14.4 million shares worth 808.7 million rupees (5553.5 million) in the country's biggest stock market flotation for subscription on Feb 19. "It is the biggest share issue in Pakistan's (44-year) history," said Karachi Stock Exchange president
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  • MARKETS SUMMARY
  • 889 1  -  Dutch auction for part of 685 m share offer expected to help raise Ms3.oBb From Leslie Lopez in KUALA LUMPUR FACED WITH the prospect of continued sluggishness in the stock market, Malaysian authorities plan to float Tenaga Nasional Bhd, the national electricity distributor, in the
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  • 365 1  -  By Magdalene Ng SINGAPORE Merchant bankers and stockbrokers in Indonesia can look forward to a busier time this year, which is expected to have more new listings than last year. Investment analysts contacted are projecting a better year for the
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  • 380 1 SINGAPORE A programme for Singapore businesses going international now has an added Asian focus, as part of the Economic Development Board's strategy to take the Republic into the league of developed nations by the turn of the century. In the latest EDB
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  • 224 1 AP WASHINGTON US Federal Reserve chairman Alan Greenspan has told Congress that the central bank will consider further interest rate cuts to help the ailing economy, but repeated that the Fed thinks it has probably done enough. He said on Tuesday that
    AP  -  224 words
  • 306 1 Reuter BANGKOK The Bank of Thailand plans to have Thai commercial banks follow Bank for International Settlements (BIS) capital adequacy standards by mid-1992, according to Thai Bankers Association president Tarrin Nimmanhaeminda. Mr Tarrin said under the BIS criteria, to which
    Reuter  -  306 words
  • Page 1 Advertisements
    • 397 1 m* MM Taiwanese trade law TAIWAN'S new Fair Trade Law, part of a drive to tighten legal control over the country's businesses, went into effect on Tuesday Page 4 Sarawak move SARAWAK is moving into the electronics industry to widen and deepen its industrial base, says its Industrial Development Minister
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    • 132 1 Tie-up to be finalised THE National Development Corp of the Philippines and Asian Plantation Holdings Pte Ltd of Singapore expect to finalise their partnership in palm oil production in southern Philippines this month Page 2 Pepsico income up PEPSICO Inc's net income rose to US$271.1 million (S$440 million) from US$265.9
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    • 42 1 IF you are a subscriber and did not receive the lAinar New Year issue of BT, please call our Customer Services Department on 749-2577. We are monitoring the efficiency of our circulation and vendor services and would appreciate feedback from our readers.
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    • 4 1 Market Talk, Pg 2
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    • 148 1 New Version jSCANTOTO 1992 (ToTo) rortune-5000 1992 (41)) for ToToand 4-1) forecast Now on sale at: Funan Centre Sim Lim Square Kalong Shopping Centre People's Park Centre also at: Datapac Micro System 420, North Bridge Centre #06-27 Tel: *****59/*****58 Energy board rejects Kelantan govt's request, Pg 4 Congress warns against
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • 121 2 KUALA LUMPUR Golden Plus Holdings is taking part in a M 5756 million (about Ss4so million) projcct Plaza Rakyat following its shareholders' approval on the company's proposed subscription for redeemable non-convertible preference shares and the proposed call option exercise. Director Wong Kim
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      • 70 2 KUALA LUMPUR Setron (M) Bhd chairman Datuk Haji Razali Mohamed Ali expects the company to be "rid" of unprofitable non-traditional subsidiaries by the next annual meeting scheduled for June. Among Setron subsidiaries being assessed by the board members are Setron Timber Industries Sdn Bhd and Setron
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      • 73 2 DALLAS Rexene Corp, a debt-laden plastics maker that is reorganising its finances in bankruptcy court, has received a US$225 million (about ***** million) purchase offer from a Thai company. Thai Petrochemical Industry Co Ltd, which also makes plastic products, proposed buying Rexene's assets and assuming
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      • 90 2 TOKYO Japan's Sega Enterprises Ltd plans to form a joint venture to operate amusement centres in Taiwan, one of its biggest export markets. The new company will be capitalised at NT$3O million (about S$ 1.95 million) with Sega holding 71 per cent. Taiwan interests will hold
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      • 55 2 SEATTLE Microsoft Corp announced a major corporate shake-up on Monday and formed a new, three-man office of the president in a bid to bring products to market faster in the hotly competitive computer software business. As part of the revamping, Microsoft said Michael Hallman will step down
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      • 59 2 NEW YORK Top officials of Upjohn Co were named in a class action stockholders' suit on Monday accusing them of concealing problems associated with Halcion, the world's best-selling sleeping pill. The suit filed in Manhattan federal! court accused Theodore Cooper, Upjohn's chairman and chief executive officer,
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    • 442 2  -  From Al O Labita Jr in MANILA THE National Development Corp of the Philippines and Asian Plantation Holdings Pte Ltd of Singapore expect to finalise their partnership in palm oil production in the southern Philippines this month. Asian Plantation, an affiliate
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    • 258 2 Agencies TOKYO The president of Japanese video game giant Nintendo Co Ltd has sold part of his Nintendo stock to four Japanese banks for a total six billion yen (about Ss7B million) to raise funds to buy a US baseball team,
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    • 231 2 Reuter SAN FRANCISCO Apple Computer Inc and Dell Computer Corp, two leading personal computer makers, slashed prices of their products on Tuesday in a new aggressive bid to bolster US market share. Apple said it was cutting US prices of many
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    • 174 2 Reuter SYDNEY Building products and sugar group CSR Ltd said shareholders' funds would be reduced by A 5372 million (about ***** million) after a review of the group's non-current asset values. The cut represents about 10 per cent of the group's non-current assets. The
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    • 339 2 IHT NEW YORK RJR Nabisco, the biggest leveraged buyout of the 1980s, on Monday reported its first profitable year since the 1989 takeover as a result of sharply reduced interest costs and better margins for its trademark brands. RJR Nabisco Holdings Corp
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    • 273 2 Reuter CHICAGO Sears, Roebuck Co on Tuesday said earnings jumped in the fourth quarter and full year despite the weak economy, but the US retail and financial services giant's prior-year results were reduced by restructuring charges. Chicago-based Sears, America's third-largest retailer, said net
      Reuter  -  273 words
    • 467 2 MARKET TALK Reuter JAKARTA The gloom of more than a year could finally be lifting from the Jakarta Stock Exchange as fresh money starts to pour in from deposits, say brokers and analysts. The government last month raised the tax on corporate
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    • 350 2 UPI NEW YORK Pepsico Inc's net income rose to U*****.1 million (about Ss44o million), or 34 cents a share, from U*****.9 million, or the same 34 cents a share during the fourthquarter of 1990. This is a rise of 1.9 per cent. Sales
      UPI  -  350 words
  • Page 2 Advertisements
    • 56 2 j SINGAPORE D ;S S ?»sf: t o a 0 /7\ f <S> >. <? J Q Ss <2? 7? m CONSTRUCTION UL \5 "L k'LakLOfVt z HULL r/Ork'lAL °s L=UL o ukj-L a Lt \j 5? i, Malaysian International Shipping Corp 1 C&C Spotlights _A r ON SALE Available
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  • FINANCIAL NEWS
    • 547 3  -  But govt says plans fall short of expectations From Shirish Nadkarni in BOMBAY TWO amnesty schemes set up by the Indian government to boost foreign exchange reserves have netted the country about US$l.75 billion (552.85 billion), though initial official reaction shows that the
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    • 505 3  -  Proposal applies only to non-residents From Shirish Nadkarni in BOMBAY IN ANOTHER MOVE to boost foreign exchange reserves, the Indian government will allow non-resident Indians (NRIs) to bring gold into the country on their return from abroad, provided they pay
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    • 293 3 Reuter NEW YORK American Express, the US financial services giant, announced on Monday its intention to raise up to US$l billion (551.63 billion) through a public share offering. American Express, which has been buffeted by credit card losses, plans to offer as much as 45
      Reuter  -  293 words
    • 290 3  -  From Al Labita Jr in MANILA WISE CAPITAL CORP (WCC), the investment wing of the Jakarta-based Dharmaia Group, launched a 200 million peso (5512.3 million) closed-end mutual fund in Manila last week to cash in on the Philippines' buoyant stock market.
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    • 271 3 UPI CHARLOTTESVILLE, Virginia Bank industry experts said on Tuesday that American banks turned the corner in 1991, thanks to fewer bad loans, lower interest rates and less stringent regulation. SNL Securities, a research, publishing and consulting firm specialising in publicly-traded banks and
      UPI  -  271 words
    • 446 3 Moody's reviewing AAA rating of Swiss Bank Corp Reuter ZURICH Swiss bankers still see their industry sitting on bedrock despite a recent downgrading of the country's third largest bank by USbased credit-rating agency Moody's. "The Swiss Bankers' Association is convinced that the substance of
      Reuter  -  446 words
    • SMALL CHANGE
      • 116 3 SYDNEY Australian Mortgage Securities Ltd (AMSf, Australia's second largest mortgage-backed bond issuer, to return to the domestic market by issuing more than As4oo million (*****.36 million) of bonds this year. AMS general manager Kym Dalton said yesterday that AMS withdrew from the domestic
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      • 86 3 SINGAPORE The Economic Development Board has lowered by one percentage point the interest rate on loans, under its Local Enterprise Finance Scheme (LEFS). Thisfollows the fall in commercial banks' prime lending rates, to, which the LEFS interest rates are pegged. The rates are now 4.5 per
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      • 114 3 BANGKOK Krung Thai Bank and Mutual Fund Co. (KTB) will jointly open a "new" securities exchange market for transactions of unit trusts of Mutual Fund through the bank's automatic teller machines, the Bangkok Post reported over the weekend. An agreement on the joint service wa6,
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      • 129 3 TAMPA, Florida A judge has reduced the sentences of four Bank of Credit and Commerce International (BCCI) employees who cooperated with authorities investigating fraud and other crimes by the bank, the US prosecutor's, office said on Tuesday. US Judge William Hodges agreed tbcut in half the
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      • 121 3 GENEVA Swiss banks will have to investigate the source of large deposits from new customers to determine whether money from illegal transactions is being laundered, the gov-, ernment said Tuesday. The guidelines released by the govern-ment-run Swiss Banking Commission were drawn up to help the
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  • Page 3 Advertisements
    • 282 3 (A ovnii^ NEW CANADIAN INTERNATIONAL SCHOOL CANADIAN ESTABLISHED IN SINGAPORE The growing number of expatriate families in the main cities of Southeast Asia and the Increasing desire among the local populations to attain upward mobility for their children through education were the two motivating reasons for the establishment of Canadian
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    • 130 3 >* #J' 4* >.4 m 'Toss It Up!' Toss up a prosperous Lunar New Year ahead with "Good Luck Yu Sheng" at $28.00 $50.00 for small large portions respectively. Commemorate this festive season at Golden Phoenix with an exquisite choice of refined Sichuan delicacies to entice like "Good Luck Yu
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  • THE REGION/THE WORLD
    • NOTE BOOK
      • 79 4 BANGKOK A joint venture between Vietnam and the former Soviet Union tapped 405,000 tonnes of crude oil in January, its highest monthly output. The figure also was 18,000 tonnes more than the target for the month, said a Vietnam News Agency report. It also quoted
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      • 56 4 JAKARTA Indonesia said yesterday it would not accept any foreign investigation into last November's massacre of civilians by soldiers in the East Timor capital of Dili. "We have decided the Dili incident is Indonesia's domestic affair and that the (official Indonesian investigation) is the highest
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      • 68 4 MANILA The filing of damage claims by Filipino contract workers displaced by the 1990 Iraqi invasion of Kuwait began here yesterday, officials of the Overseas Workers Welfare Administration said. About 30,000 Filipino contract workers estimated to have been repatriated from Kuwait after the Iraqi invasion are
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      • 79 4 FRANKFURT German trade unions served notice to employers on Tuesday that they view a 6.4 per cent pay rise for steel workers as a basis for 1992 national pay talks. In the public sector, seen by many independent economists as the next critical area in
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      • 55 4 JOHANNESBURG South Africa's tax authorities sought to dispel what it called the recent impression that all interest paid or accruing to non-residents, as individuals or companies, was now taxable. "This is not the position at all and the long-established rules still apply," the Commissioner for
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      • 85 4 KARACHI The chairman of the Japan-Pakistan Business Cooperation Committee said Pakistan's poor law and order record remained the major bar to greater Japanese investment. Shunji Uyeda, a leading member of a high-level Japanese business delegation, told the committee's seventh meeting Japan fervently hoped that Pakistan
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      • 75 4 DAVOS, Switzerland Indian Premier P V Narasimha Rao, pledging further relaxation of his country's foreign investment rules, said 100 per cent foreign ownership was possible if it served the needs of the Indian people. Mr Rao told business leaders gathered for the World Economic Forum's annual
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    • 341 4 UPI ABU DHABI The European Community's proposed import tax on Gulf petrochemical products may open up investment opportunities for Gulf states as the EC pursues alternative energy projects. Eberhard Rhein, the visiting EC director for the Mediterranean and Middle East countries, said on
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    • 426 4 Govt given legal authority to crack down on malpractices Reuter TAIPEI Taiwanese businesses ranging from industrial conglomerates to taxi companies are facing a new era of market competition after the island put into effect its first Fair Trade Law on Tuesday. The law
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    • 72 4 IMJINKAK, South Korea South Korean children facing the North pouring rice wine here during a ritual ceremony to respect their grandfathers on Tuesday, the first day of the Lunar New Year. These children are some of the hundreds of South Koreans who come every year
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    • 311 4 MBT KUALA LUMPUR Sarawak, which relies heavily on resource-based industries, plans to move into the electronics industry to widen and deepen its industrial base. Its Industrial Development Minister, Datuk Abang Johari Tun Abang Openg, in an interview with Malaysian Business Times, said
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    • 222 4 NST JELI, Kelantan Tenaga Nasional Bhd will not entertain the Opposition-led Kelantan government's request for a Ms9o million (about Ssss million) ex-gratia payment to allow the corporation to build the MSI.3S billion Pergau hydro-electric dam. Energy, Telecommunications and Posts Minister Datuk Seri Samy Vellu
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    • 248 4 Reuter ABU DHABI Iran is ripe for foreign investment and could be a source of lucrative contracts for the stouthearted, according to businessmen and bankers here. "Iran is reaching for the 21st Century Iranians are eager and willing to cooperate," said Mahdi Sajjad of
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    • 369 4 Reuter SYDNEY Australia's current account deficit shrank to its lowest level in almost four years in December, spurred by an 18 per cent drop in imports, official statistics show. Prime Minister Paul Keating told reporters during a visit to Brisbane that the deficit "was
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    • 534 4 Poor work ethic is not one of them, say analysts Reuter WASHINGTON The US may be losing ground in the economic race with Japan, but analysts say American workers are not mainly to blame. A host of factors from America's low savings rate to
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  • Page 4 Advertisements
    • 106 4 Thanying Celebrates Lunar New Year Thanying Restaurant serves nothing but the best. And for this coming Lunar New Year celebration, from 3 to 18 February 1992, Thanying has specially prepared a delectable menu with the likes of Thai "Yu Sheng", Shark's Fin Soup, Fish Maw Soup and more delicacies fit
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    • 5 4 The Bottom Line, Back Pg
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  • THE WORLD
    • 475 5 President's tax-cut 'gimmicks' raise some doubts Agencies WASHINGTON US President George Bush's antirecession plan ran into trouble on Tuesday in the Demo-cratic-dominated Congress, with a powerful committee chairman warning that he would not pass tax-cut "gimmicks" without finding a way to pay for them.
      Agencies  -  475 words
    • 476 5 Reuter WASHINGTON America's economic health is burning away while politicians fiddle over this year's budget without a thought for the future, say economists. "The big picture is about long-term living standards in the United States, and we're losing sight of it," said Van Doom
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    • 415 5 AP MEXICO CITY US Trade Representative Carla Hills has concluded talks with Mexican President Salinas de Gortari on "difficult and complex" negotiations underway to draft a North American free trade agreement (Nafta). Mrs Hills, who arrived last Saturday with a 43strong delegation that
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    • 26 5 KARACHI Pakistani youngsters parading a dud 'Islamic bomb" during a rally on Tuesday to protest against alleged army atrocities in Indian-administered Kashmir.
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    • 305 5 Reuter MONTREAL More than 200 Canadians selected to study possible amendments to the Constitution have overwhelmingly rejected the federal government's proposal to strengthen the economy by concentrating more power in Ottawa. A cross-section of academics, business people, politicians and self-styled "ordinary Canadians" gathered here
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  • Page 5 Advertisements
    • 133 5 Right now, 140 airlines are filling their planes with Unisys computers 1 -s, 4&Z&& ■zmmm s %mm -r v Every airline has one business goal to maximize revenue from every flight. Reaching that goal means choosing the right computer company to handle the mission-critical applications including reservations, departure control, cargo
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  • 485 6 EDITORIAL THREE DECADES after Nikita Khrushchev thumped his shoe on a rostrum at the United Nations leaving behind an unforgettable image of the Cold War, leaders of 15 nations shook hands with one another and spoke in different voices but without uncivilised photo-opportunities last
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  • WHAT THE OTHERS SAY
    • 374 6 THE Lunar New Year season, like similar occasions, is a good time for ruminating on some of the larger issues confronting society, even if they are tangential or lie beneath the surface of things for the time being. One such issue is the very question of
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    • 143 6 MANY Singaporeans have accepted the fact that any festive celebration is not necessarily restricted to a particular ethnic group. One thing for certain, they do enjoy the holidays commemorating the occasion. The Chinese Lunar New Year is no exception. Increasingly, it becomes one of the national holidays that
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  • REGIONAL VIEWPOINTS
    • 238 6 MUCH FUSS has been made in the US about a remark by Prime Minister Kiichi Miyazawa about the work ethics in that country. It is true that a calm reading of the minutes of the Prime Minister's words shows that he did not say anything
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    • 186 6 THE SECRET of federal budgets is that even record spending is manageable during periods of record economic growth. But instead of trying to recapture the growth of the 1980s, Mr Bush's programme aims to help the wrong targets, helping big business invest more so it needs fewer workers
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    • 91 6 THE dramatic pace of recent international events justifies a serious review of the mechanism of the United Nations itself and its peace-making role. The Council always reminds the world of our shared commitment for a global order as based on the principle of collective security and
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  • 995 6  -  The nuclear problem posed by the breakup of the former Soviet Union can be tackled if certain conditions are met, says Franois Heisbourg Franois Heisbourg The writer is director of the International Institute for Strategic Studies IHT THERE is every reason to fear
    IHT  -  995 words
  • Page 6 Advertisements
    • 145 6 Aim for a bigger audience in ASIAN AER<i>SPACE'92 SPECIAL FEATURE IN: The Straits Times FEBRUARY 24, 1992 ft Lianhe Zoobao FEBRUARY 24,1992 Businesslnnes FEBRUARY 25, 1992 ASIAN AEROSPACE is considered one of the worlds most important air shows. Three of our newspapers will be publishing a special feature in conjunction
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  • Page 6 Miscellaneous
    • 83 6 DOONESBURY rcu'Re RJGHT.CUZ! rrs BUCHANAN we've GOT TO Keep AN eve ON, NOT THAT GOOFBALL IN TUB ROS6- GAFttN' BUCHANANS £VBN MOVING IN ON VOUR IMMIGRATION ISSUG' HPS NOW APVOCAT/NG TH£ 'BUCHANAN FtNCe: A /SCO Milt TRENCH TO K£eP OUT THE WETBACKS' BY GARRY TRUDEAU OH, RIGHT! AND WHO'S SUPPOSePTOPAYhOR
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  • ANALYSIS
    • 1277 7  -  The effect of the Cold War on the American psyche was neither uniform nor uncomplicated. Instead, it moved minds in various ways, says Richard Bernstein Richard Bernstein NYT THE Cold War, gone but not lamented, had a powerful effect on America, not only
      NYT  -  1,277 words
    • 1485 7  -  Singapore's Sembawang Group is expanding its presence in China. Catherine Ong, reporting from Shekou (Shenzhen), takes a look at how the group's investments are faring in China Catherine Ong UNCLE HSU is happy with what he surveys today. The long, steel pipelines stretched
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    • 770 7  -  Many Korea-watchers say the communist world's first hereditary succession may take place soon, perhaps as early as this spring. Seigo Sakamoto reports Seigo Sakamoto Reuter KIM JONG IL, son and heir of North Korea's Stalinist leader Kim II Sung, turns 50
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  • Page 8 Advertisements
    • 1041 8 Nothing Beats A Bud. OF BSBRB^^ BUD LIGHT I WHERE TO WINE, DINE... ORGANISE YOUR OWN KARAOKE It's your very own Karaoke party! King's Hotel has come up with a Daily Karaoke package for groups of 10-200 people from 12 noon to 5 pm. After your Penang Buffet Lunch, the
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  • Page 8 Miscellaneous
    • 690 8 TELEVISION AND RADIO Queen of Hearts OUR CHOICE A Hazard of Hearts, 10.30pm, SBC 5 Helena Bonham Carter plays her usual damsel in distress in this Victorian-era romance based on a fairy tale penned by Barbara Cartland. A young girl is sold to an unscrupulous (but no doubt handsome) villain
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  • LIFESTYLE
    • 1023 9  -  Michael Perry talks to the storyteller who just plain refuses to give up the ghost James Michener Michael Perry Reuter HIS fragile body moves cautiously across the hotel foyer, aided by a silver walking stick and a pair of probing eyes. James Michener is one of the
      Reuter  -  1,023 words
    • 477 9  -  Glenn Adams asks scores of notables about their favourite books, as part of an annual Maine library listing Glenn Adams AP Mark twain is a hit with actors Martin Landau and Ted Danson. Canadian Prime Minister Brian Mulroney likes a book on
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    • 589 9 CHATTERBOX 7^ PLO CHAIRMAN Yasser Arafat, who long maintained he was married only to the Palestinian struggle, has married at age 62 his 28-year-old secretary, Palestinian sources say. His bride, Suha Tawil, is a Palestinian Christian from Ramallah in the Israeli-occu-pied West Bank,
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  • Page 9 Advertisements
    • 307 9 AND ENTERTAIN T W High Tea Classics Danish pastries. Fresh cakes. Savoury Dian Xin. Mee Siam. Samosas. Quiche Lorrain. Spring Rolls. Fresh Fruits. Cookies. Eveiy Saturday. 3 to 5 pm. $12.50++ per person. A Fashions how at 4 pm. ANA HOTEL For reservations, please call 732-1222 ext 1581 SINGAPORE 16
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    • 155 9 V B •li m CHINESE NEW YEAR AT MARINA BAY CHINA CHINA RESTAURANT Set menus from $8872 persons to $*****0 persons A la carta menu from $14 to 60 per dish NISHIKI JAPANESE RESTAURANT Set menus from $30* $357 person Yom don't km** to b* mtmbtr to tmjoy flu* duu*g
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  • SPORTS
    • SIDE LINES
      • 72 10 PALM BEACH, Florida The United States Golf Association has granted full exemptions from qualifying for the 1992 US Open to nine international players following the USGA's annual meeting on Monday. Players receiving exemptions from qualifying are: Rodger Davis of Australia; David Feherty, Ireland; Mike
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      • 89 10 CANBERRA Australians no longer dominate internationally, but they'd rather play tennis than any other participant sport. More than 560,000 Australians are registered as mem- bers of tennis clubs, according to figures released yesterday by the Australian Sports Commission. Tennis Australia operations manager Mike Daws said more
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      • 66 10 MILAN Second-seeded Guy Forget of France defeated Israel's Amos Mansdorf 6-3, 6-4 on Tuesday in the first round of the US$6OO,OOO Milan indoor tennis tournament. Spaniard Sergi Bruguera, seeded seventh, topped Amaud Boetsch of France 6-4, 6-2 in the day's only other singles match involving a seeded
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      • 57 10 LOS ANGELES The sites for the 1994 World Cup soccer tournament will be announced on March 23 in New York. World Cup USA 1994 said on Tuesday that the tournament, which comprises 52 games and which will run from June 17 through July 17, 1994, will be
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      • 98 10 CHICLANA, Spain Europe's leading riders, including Spain's 1991 Tour de France winner Miguel Indurain, began their 1992 cycling season on Tuesday with the start of the six-day Tour of Andalucia. The Spanish ONCE team took first blood, winning the opening 15.5-km team time trial and installing
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    • 313 10 NYT HALLANDALE, Florida He was bred in Ireland, bought for U*****,000 (*****,700) by an automobile dealer outside Chicago and trained by a jeweller from Arlington Heights. When he was three, he was considered a sprinter and never ran in the Kentucky Derby or the other
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    • 725 10 Reuter LAHORE, Pakistan But for an obsession with raising money for a cancer hospital in his mother's memory, Imran Khan would probably not be leading Pakistan into the World Cup or even playing cricket today. Two years ago Pakistan's sporting heartthrob was ready
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    • 279 10 AP STOCKHOLM Carl Lewis, Sergei Bubka and Noureddine Morceli headed a star-studded cast at the DN Indoor Games yesterday. Lewis did not compete in the 100-metre dash, in which he is the Olympic and world champion and world record holder. Instead, he entered his first long
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    • 621 10 AP NEW YORK When Magic Johnson announced that he had tested positive for the Aids virus last Nov 7, the outpouring of support for him seemed universal. There was mixed support when he said he intended to play in the NBA All-Star Game and the
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    • 460 10 NYT NEW YORK Greg Foster is a three-time world champion in the 110-metre hurdles and has won just about every title in track and field. Tomorrow night, at the Snickers Millrose Games in Madison Square Garden, the 33-year-old Foster will begin his quest for
      NYT  -  460 words
  • Page 10 Advertisements
    • 365 10 FOR SALE BY TENDER SOPHISTICATED MARINE TELECOMMUNICATION EQUIPMENT DESCRIPTION:— SAILOR solas main and reserve station, Aerial and dummy load system for SAILOR solas main and reserve station, Distress watch receiver, manuals battery back-up system for solas main and reserve station, SAILOR automatic telex station c/w all interconnect to tandem station,
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  • STOCK EXCHANGE OF THAILAND
    • 124 11 UPI THAI stock prices moved downwards in moderate trading yesterday despite expectations that two new shares, Bangkok Land and International Engineering, would enliven trading. The Stock Exchange of Thailand index declined 6.31 points to close at 763.41. "The market opened
      UPI; SOURCE: PONT DATA  -  124 words
  • JAKARTA STOCK EXCHANGE
    • 97 11 JAKARTA stock prices closed higher yesterday in active trade, pushing the index 2.41 points up to 288.46, brokers said. They said locals were active on the market, with strong buying interest in the banking sector. Turnover fell to 8.16 million shares compared with Tuesday's
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  • REGIONAL STOCK MARKETS
    • NZ shares end higher, but market tone is flat
      • 123 11 SHARES in New Zealand ended higher yesterday on good volume but the tone was generally flat. The NZSE-40 capital index was up 7.29 points to 1,461.54 on turnover worth about NZS3O million. High volume stocks included publisher Wilson and Horton, Fletcher Challenge, Goodman Fielder Wattie and Bank of
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      • 120 11 SHARES in Manila closed easier yesterday as the Lunar New Year holiday mood pervaded the market and two explosions in the Manila suburbs fuelled fears of electionrelated violence. The Manila Stock Exchange composite index fell 15.07 points to close at 1,246.87. "Fears of another bout of bombings to mar
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  • Page 11 Advertisements

  • TOKYO STOCK EXCHANGE
    • 246 12 Reuter TOKYO stocks closed slightly weaker yesterday in dull, featureless trade. Futureslinked buying and bargain hunting pulled prices off their lows, but a lack of buying incentives and continued investment trust selling ahead of March settlement kept a firm lid on gains. "Futures
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  • AUSTRALIAN STOCK EXCHANGE
    • 358 12 Reuter THE Australian share market closed slightly higher yesterday after bargain hunters pushed stocks off lows. The market opened stronger after overnight rises on Wall Street, but quickly reversed, falling 2.4 points. Brokers said turnover was boosted by a few large lines
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  • WORLD STOCK MARKETS
    • Stocks rally to record highs in heavy trade
      • Article, Illustration
        492 13 STOCKS in New York rallied to record highs in heavy trading on Tuesday, fuelled by renewed optimism over lower interest rates and strength in the "Big Three" American car-makers. The Dow Jones Industrial Average, which regained 10.73 points on Monday, surged 38.69 points to 3,272.81, eclipsing the all-time
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      • Article, Illustration
        159 13 THE London Stock Exchange ended a dismal trading day lower on Tuesday, despite a rally in early Wall Street trading, weighed down by worries about the political prospects for the ruling Conservative party. At the close, the blue-chip Financial Times Stock Exchange 100-share index, which fell 11 points on
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      • 283 13 GLOOM over the price paid for peace in the steel pay dispute depressed German shares on Tuesday. After a brief spurt on news the strike had been averted, the market turned lower as the implications of the compromise pay package sank in. After the steel workers settled for 6.4
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      • 140 13 DUTCH shares remained mixed in quiet Tuesday trading with the only activity coming from selective demand, mostly from foreign investors. Operators were cautious ahead of the start of the 1991 results reporting season starting later this month, traders said. But some expected the EOE index of 25 leading shares
        140 words
      • 191 13 THE Paris Bourse closed on Tuesday little changed, as the CAC-40 stock price index ended the session at 1,856.48 points, down 0.03 per cent from the Monday close. The indicator had opened with a 0.42 per cent drop. Analysts said the market had been discouraged by Finance Minister Pierre
        191 words
      • 144 13 RENEWED speculation about alliances for Olivetti boosted buying of the computer company, while the Italian market drifted overall. Turnover was thin, with the enthusiasm inspired by last week's passing of a new law to protect minority shareholders' rights in takeovers seemingly having faded, brokers said. The MIB index closed
        144 words
      • 143 13 PRICES on the Stockholm bourse recovered from early declines on Tuesday after Electrolux presented its 1991 results, dealers said. Electrolux's net profits fell 27 per cent to 1.025 billion crowns, within market expectations. But the white-goods maker proposed a 12.5 crown dividend, unchanged from the previous year and despite
        143 words
      • 122 13 STOCK market shares ended lower af- ter thin trading on Tuesday, as the gold price traded at around US$356 aft;' ounce, dealers said. The JSE All-Gold index fell points lower to 1,260 from Monday's 1,275 close, and the industrial index edged one point down to 4,407 from Monday's 4,408.
        122 words
      • 187 13 AFTER a muddled morning of little movement, Toronto stocks took off and steadily climbed to end at the dayV peak on Tuesday, dealers said. Gain* on the Dow, spurred by comments by Mr Greenspan helped lift Canadian stocks, they added. The TSE 300 closed up 23.67 at--3,618.07. Advances led
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  • Page 13 Advertisements
    • 13 13 Tuesday's closing prices are compared with Friday's as Monday's prices were not available
      13 words
    • 63 13 The Zurich and Brussels stock market reports were not available. Tuesday's closing prices are compared with Friday's v as Monday's prices were not available" Chartpoint, a guide to investing in the stock T market. Every Saturday .9 in BT. Executive Jobs every Saturday m Business Times Kj V J f
      63 words

  • CURRENCY/COMMODITIES
    • 774 14 REPORTS ASIA Tokyo: The dollar spent most of the day hovering around New York's Tuesday closing levels to end almost unchanged in dull Tokyo. "Singapore and Hongkong dealers were absent today (for the Lunar New Year holidays). Stock and bond
      774 words
    • 393 14 REPORTS RUBBER FUTURES closed mostly easier in Tokyo yesterday on profit-taking selling after cutting opening gains following a higher closing on Tuesday. "The dollar's recent strength against the yen has underpinned yen-based rubber. But bulls found it a good time to take profits today after
      393 words
    • 592 14 Bulgaria's financial chaos shows stabilisation fund needed: economist Reuter DAVOS, Switzerland Bulgaria's problems last year underline why the West should supply Russia with a multi-billion-dollar stabilisation fund to back the rouble when it becomes convertible, a top Western economist said. Anders Aslund,
      Reuter  -  592 words
    • 476 14 Reuter NEW YORK As fundamental factors batter coffee futures prices, technical analysts say significant chart patterns have formed that will cause prices to fall to levels not seen since the mid-*****. Coffee futures have plunged over 10.00 US cents a lb this
      Reuter  -  476 words
    • 242 14 Reuter CANBERRA Asians are increasingly buying Westernstyle jewellery containing less pure gold than traditional designs, but they are not so likely to sell it for scrap when the novelty wears off. Asia's changing appetite for gold was outlined yesterday at a major
      Reuter  -  242 words
    • 231 14 Reuter CANBERRA Australian real interest rates are likely to stay around present levels over the next 18 months and the country's currency to average 77 US cents over that period, the government's key commodity advisory body has forecast. "The exchange rate
      Reuter  -  231 words
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  • Page 14 Advertisements

  • 363 15 AIRLINE COOES: Al Ar India (AC). AY: Finnair Oy (FIN). AZ Alitalia (AZA). BA: British Airways PU*c Ltd Co (SAW). 8G: Btman Bangladesh Amines (BBC), Bl: Royal Brunei Amines Lid (RBA), BR: EVA Airways Corpn, CA: A* China (CCA). Ct: Chma Amines Ltd (CAL). CV: Cargolux
    363 words
  • THE TRAVEL PAGE
  • Page 15 Advertisements
    • 44 15 It's amazing the lengths Finnair goes to for just one price. Fly Finnair to Europe and well take y ou to 35 European destinations for the same Check withyour travel agent or call *****77 for more details. We Know Europe from Mart to Finnish.
      44 words
    • 262 15 BUSINESS TIMES LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Letchmenon sJo Maruppan of BDc 145 Potong Pasir Avenue 2 #13-66 Singapore 1335, have applied for a First Class Extended Public House licence in respect of premises at M/s Sneakers Bay at 4th level, Victoria Wing, Alison Hotel, 101
      262 words
    • 409 15 APV REFRIGERATION PTE LTD (In Mamtoers' Voluntary Liquidation) NOTICE OF RNAL MEETING NOTICE IS HEREBY GIVEN thai pursuant to Section 308 of the Companies Act Cap. SO. the Final Masting of the Company win be held on the 6th day of March 1902 at 26 Banoi Sector. Singapore 2262. lor
      409 words
    • 300 15 PARKWAY HOLDINGS LTD 5530,000,000 Guaranteed Floating Rate Notes Due 1993 In accordance with the provisions of the Notes, notice is hereby given that for the three-month period from 6 February 1992 to 6 May 1992, the Notes will carry a rate of interest of 4.25 per cent, per annum with
      300 words
    • 228 15 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF HOE CHIANG INVESTMENT PTE LTD «I-I A lin RMfTiDcrs votuniiry Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Chapter SO. that a Final General Meeting of the abovenamed Company will be
      228 words
  • Page 15 Miscellaneous
    • 307 15 CRYPTIC CROSSWORD ACROSS 1 Defers retirement in order to finish drink (5,2) 5 Chattering away when re- turning holdall to famous crooner (7) < 9 Last man left to be accommodated by Australian friend (7) 10 Eats with relish, then set- ties into bed (5,2) -11 Going off round the
      307 words
    • 194 15 WEATHER Singapore Outlook: Showers over several areas in the afternoon. Report: Maximum temperature 29.5 Assoc humidity 73% Minimum temperature 23.7 Assoc humidity 96% Hours of sunshine 2.65 Rainfall in mm Trace Rainfall this month Trace Rainy days this month 0 World report Asia-Pacific Hi/Lo* Auckland 24/17 Bangkok 33/21 Beijing 01/-9
      194 words
    • 29 15 BriStOWßaAklfcckffl6 rm THRII_L£D id De/OH look ny Business vtftß PLftNoeß.... ai 8606 ASSOCIATED NEWSPAPERS LTD.. IMMM2 4 LL RLfHCiL in TVIe: 'BOS'MCSS OF tMC YO=\R LUNCW C" mmm •s)
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  • 539 16 Beijing stressing stability and reforms AFP BEIJING Millions of fireworks heralded the Lunar New Year on Tuesday, welcoming in the Year of the Monkey, an animal whose unpredictable character astrologers say can lead to major upheavals. For the last major bastion of
    AFP  -  539 words
  • 208 16 Reuter BEIJING Dissident workers in China, trying to organise a free union in the style of Poland's Solidarity, have mailed 2,000 copies of their anti-government manifesto in one of the boldest acts of dissent in nearly three years. The workers, calling themselves the
    Reuter  -  208 words
  • 283 16 Reuter MOSCOW Russian officials, responding yesterday to tough public criticism of their economic reforms, have announced tax cuts for some key products and pledged help for pensioners trying to cope with higher prices. The measures, which soften the impact of January's price
    Reuter  -  283 words
  • 436 16 Reuter SYDNEY Australia's government, due to unveil an economy-boosting package later this month, is considering making Australia and New Zealand a single airline market, newspapers reported yesterday. The Labor Cabinet of Prime Minister Paul Keating has ordered a review of aviation policy, with
    Reuter  -  436 words
  • 392 16 Reuter CARACAS The Venezuelan government has taken conciliatory steps to heal wounds after a military coup attempt killed 19 people and shook the country's reputation as one of Latin America's most stable democracies. The government said more than 1,000 soldiers had been detained after loyal
    Reuter  -  392 words
  • 349 16 IHT BRUSSELS The European Community's energy chief will propose creation of an EC strategic oil reserve to ensure adequate supply and prevent price speculation in times of crisis, officials said on Tuesday. But stiff resistance is expected from several countries, so
    IHT  -  349 words
  • 815 16  -  The Bottom Line SALIL TRIPATHI SALIL TRIPATHI The writer is a BT journalist THE 79-year-old Speaker of Japan's powerful Lower House of Parliament, Yoshio Sakurauchi, believes the American economy is doing so badly because American workers are illiterate and lazy. Right-wing naysayer Shintaro
    815 words
  • 358 16 Reuter WASHINGTON The United States said on Tuesday that following clarification from Prime Minister Kiichi Miyazawa it considered as closed a row with Japan over remarks about the work ethic of Americans. Mr Miyazawa, asked in Parliament on Monday about what
    Reuter  -  358 words
  • 274 16 Reuter TOKYO Opposition parties boycotted Japan's Parliament yesterday to press demands that Prime Minister Kiichi Miyazawa summon close aides and fellow Liberal Democratic Party (LDP) politicians to testify on two payoff scandals. Opposition members refused to take part in a debate on the government's
    Reuter  -  274 words
  • Page 16 Advertisements

  • SHIPPING TIMES
    • 410 17  -  By Joseph Rajendran SINGAPORE A local marine engineering group. Allied Ventures Technologies (AV&T), has designed a seaborne craft that will be an alternative to the traditional bumboats. When its 10 to 12 sea vehicles are fully chartered out by 1993, AV&T hopes to
      410 words
    • 315 17 Reuter JAKARTA Indonesia's state-owned Garuda Airlines is reviewing contracts to lease 34 US and European aircraft and may instead opt for outright purchases, airline spokesman Jansius Siahaan said. He said that new Garuda chief Wage Mulyono ordered the review of the airline's
      Reuter  -  315 words
    • 249 17 Reuter MOSCOW Kazakhstan plans to build a new oil terminal in the city of Aktau on the Caspian Sea and set up its own fleet to transport oil, Interfax news agency said on Tuesday. Interfax quoted Kazakh Prime Minister Sergei Tereshenko as saying
      Reuter  -  249 words
    • 234 17 AFP TOKYO Japan's Hitachi Zosen Corp and Mitsui and Co Ltd have won an order to build three large container ships for China Ocean Shipping Co (Cosco) for an estimated US$35B million (SssBs million), officials said on Tuesday. The Japan Ship Exporters Association
      AFP  -  234 words
    • 481 17 Reuter MEXICO CITY A commitment to customer service and strong management has given Aeromexico an edge over rival Mexicana in the race to capitalise on the expanding Mexican airline market. "The story to date has been all Aeromexico," said George Santana, an analyst at Santa
      Reuter  -  481 words
    • NEWS SUMMARY
      • 41 17 THE CHINESE-BORN president of McDonnell Douglas Pacific and Asia Ltd hopes to forge a trans-Pacific partnership and pave the way for the US corporation to become a major force in Asia Page 2
        41 words
      • 44 17 THE PUSH to slow down the free world's fastest freeway is picking up speed. The opening of Eastern Europe has made driving on Germany's famous autobahn extremely dangerous and caused traffic congestion and accidents to zoom. Back Page
        44 words
      • 51 17 STRIKING SAILORS wearing masks linked 10 ships with anchors and cables on Tuesday to seal Tahiti's main port in Papeete. All maritime traffic from the French Polynesian territory's ports has been blocked since Dec 27 by the union representing the sailors and port personnel Back
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      • 42 17 A DANISH freighter and its cargo of a dozen T-12 tanks, believed to be bound for Syria, could be seized under legislation banning the export of war material to the Middle East. Back Page
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    • LOG BOOK
      • 81 18 LONDON Conference lines covering trade between Europe and Karachi are imposing a surcharge on all vessels at the port of Karachi from February 10, as a result of a labour dispute and related problems at the port, Lloyd's Shipping Intelligence Service said. The surcharges
        81 words
      • 108 18 STOCKHOLM Swedish shipper Stena Line AB said in a release on Tuesday that its managing director Lars-Erik Ottosson would leave in May. A successor had not been named. Stena said Ottosson had decided to leave the line as it entered a;Consolidation phase after several years of
        108 words
      • 45 18 CARACAS The international airport serving the Venezuelan capital is open, but flights have only been allowed to land on a limited basis, a Transportation Ministry spokesman told Reuters on Tuesday. Earlier, a military coup attempt against the government was put down.
        45 words
      • 71 18 n£\V YORK Standard and Poor's Corp said Trans World Airlines Inc's long-term prospects were "poor" and that their chapces of reorganising after its January 31, 1992 bankruptcy fiiing were "even, at best." "A reduced cash position and continued operating losses leave TWA vulnerable to any adverse
        71 words
    • 917 18  -  The president of McDonnell Douglas Pacific and Asia Ltd, Gareth Chang, has high hopes for the American aircraft manufacturer. Kathy Chen finds out what they are Kathy Chen Reuter GA R E T H CHANG left Asia for the United States at age 16 to
      Reuter  -  917 words
    • 894 18 THE DRY cargo freight market on Wednesday was unsettled by a W-point fall in the Baltic Freight Index to 1,402, brokers said.. They noted sharp reductions on all routes except US Gulf/Japan due to a quiet grain sector and the impact of recession on the coal and ore
      894 words
    • 458 18 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 arc indicated. The Cockett Bunker Price Index change and
      458 words
    • 579 18 P««e Col ABC Containerize 12 1 Accord Group 8 1-3 APL 5 3-5 A PC Line 13 5 Arrow Inter 9 4 ASCL 5 9 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 10 1 Bangladesh Shpg 8 5 The Bank
      579 words
    • 6604 26 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      6,604 words
    • 3334 31 A ontainerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (Sy Accord Contr Line (PK/PN). Adkris Business Corporation Philippine Calstxirce Shpg Trdg Pte Ltd (S) Ahreakiel Liner Service: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S).
      3,334 words
    • 256 31 Abacus Couriers Tel: 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 4 Services
      256 words
    • 1529 31 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activmir Singapore Tel: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-8031 Fax: *****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
      1,529 words
    • 3371 32 ARGENTINA Buenos Aires: Port busy but no waiting time except for vessels with deepest draft which are limited to vary 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,
      3,371 words
    • 1176 32 SHIP SALES TANKER RATES V ON OFFER "'Bulk Carriers Behram Kaplan: 14,960 dwt and built T)ec 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 f982 Watanabe Hakata, brokers trying in excess of U557.75 million. Magnolia: 23,853
      1,176 words
    • 141 32 Only one of the flights will operate at aay one time. ABBREVIATIONS Airtine operators Alitalia,CALChina Airlines, CLX: Cargolux Airlines, DLH: Lufthansa. JAL: Japan Airlines, KAL: Korean Airlines, NCA: Nippon Cargo Airlines, NWA: Northwest Airlines, RJA: Royal Jordanian Airiines SIA Singapore Airlines. Place names. AKL: Auckland; AMS: Amsterdam;
      141 words
    • 12 32 CRUISE FERRY SCHEDULES For ferry departure times, please call the respective agents.
      12 words
    • SHIPS IN PORT
    • 186 34 AFP PAPEETE Striking sailors wearing masks linked 10 ships with anchors and cables on Tuesday to seal Tahiti's main port here. French paramilitary police meanwhile set up checkpoints at all land access to the port. All maritime traffic from the French Polynesian territory's ports has
      AFP  -  186 words
    • 297 34 AFP SOEBY, Denmark Less than a week after the German Navy intercepted a shipment of Czechoslovak tanks bound for Syria, a similar shipment has turned up, this time on the Danish coast, where a freighter ran aground on Monday. Authorities here said
      AFP  -  297 words
    • 435 34 Reuter SANTA BARBARA, California Partners in the controversial Point Arguello offshore oil project near here are pinning their hopes for increased production on the new plan to build a pipeline to Los Angeles. 'This is a last, best chance for a
      Reuter  -  435 words
    • 480 34 AP BERLIN The push to slow down the free world's fastest freeway is picking up speed. The opening of Eastern Europe has made driving Germany's famous autobahn almost as risky as attempting a pre-democracy vault over the Berlin Wall. Traffic congestion and accidents have zoomed.
      AP  -  480 words
  • Page 17 Advertisements
    • 134 17 TAKE ON THE CHALLENGES OF SFFA TRAINING COURSES AND BE A PROFESSIONAL FREIGHT FORWARDER! SEA TRANSPORT (ST) essentials of sea carriage of goods STANDARD TRADING CONDITIONS (STC) overall perspective of the SFFA STC and its applications PSA/SFFA DANGEROUS GOODS COURSE (DG) defines freight forwarders' role in handling dangerous goods INTERNATIONAL
      134 words
    • 126 17 FAMOUS THE <y° n *o m HOT LINE 224 1833 For more information pleaae refer to Pg. 13 THE BEST WAY TO GET FRO HERE J LAJH JM \Wf: < L L TO HERE IS STILL HERE MOL's New Alligator Service to North America is bigger and better than ever.
      126 words
    • 55 17 CONTENTS A* Forwarders 15 Air Fraght Schedule 16 Cockett Report 2 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daly Freights 2 Indei to Advertisers 2 Port Conditions 16 Shipping Agents 15 Shipping Giade 10,11 Sbpsales/Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Transport Diary 3
      55 words


  • Page 19 Advertisements
    • 632 19 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 BOOKINGS TEL *****234 *****58 TERMINAL/CFS TEL: *****218 220 PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. PORT KELANG TEL: *****18 FAX; *****91 *****88 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 WW/ rtnnnvj ICL. IHH rnA. oeooo Dedicated to Quality Service
      632 words
    • 775 19 TRANSPORT MARY Feb 21-24: Air Traffic Services in the 21st Century 4th Symposium, jointly organised by Civil Aviation Authority of Singapore. Federal Aviation Administration. USA, Department of Civil Aviation. France and State Institute for Air Navigation, USSR at the RafTles City Convention Centre. For further information please contact Singapore Aviation
      775 words
    • 676 19 MAERSK LINE NEXT SAILINGS TO HONG KONG AND JAPAN IMATHILDE MAERSK VOY. 9204 ETA SIN 11/2/92 SL VOYAGER VOY. 172E ETA SIN 10/2/92 Voy This will MatNkto Maersfc 9204 CY 11/2 0600 MRS CFS 10/2 2359 MRS Feeder by World lynx/ DESTINATIONS Port Kelang Panang OAK LG6 US Gulf US
      676 words

  • Page 20 Advertisements
    • 773 20 'XL i > > *1 t i <1* CONTAINER SERVICE TO UK/CONTINENT HONGKONG EXPRESS MONTE ROSA ELBE LEVERKUSEN EXPRESS KAMAKURA KITANO HAMBURG EXPRESS TOKIO EXPRESS KATSURAGI THAMES LA SBNE HOECHST EXPRESS KAGA I. Ml WSTKXMD POtTgLAMB UNANS 1 TO HK/CONTMNT WASTONIFOR CONWCTKM V 2. ALL SWPMEWTS TO |p >cc«ptin| carjo
      773 words
    • 627 20 CSAV Compama SurtAmericans Chilean L ne Est 1872 a cle Vapore* SA BEASPAC SERVICE MRECT SOUTH PACfIC SEAVICE SIN NOU SUV PPT 23-28/2 12/03 15/03 20/03 25-27/3 7/4 10/4 14/4 (13) (16) (22) ALSO ACCEPTMG CARGO VU SUVA TO LAUTOKA. PAGO PAGO. APIA. NUKUALOFA. P. VIA IMPERIAL 3202 EB PALEMBANQ
      627 words
    • 934 20 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SM ALG NOR ASIA PRINCESS 914* 3 08/02 21/02 NORASIA PEARL 9149-3 15/02 07/03 JAPAN SEA 150W 23/02 16/03 CHMA SEA 151* 01/03 23/03 NORASU AL MUNTAZAH 9201-3 10/03 01/04 BCI (VIA *-6) 01/03 09/03 11/03 25/03 03/04 05/03 12/03 21/03
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  • Page 21 Advertisements
    • 779 21 STRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 Sanford Building Singapore 0208 Tel: *****88 Fav: *****17 SERVICE TO SABAH, SARAWAK BRUNEI RAJAH BROOKE STRAITS MOPE STRAITS VENTURE STRAITS STAR VO4E Muara Lib. KK VO2E Mutra, Skan, Tax VO4E Muara. lab. KK VO3E Muara. Skan. Taw ACCEFTS CARGO 06-07 Feb
      779 words
    • 1037 21 P&O Containers EXPORT TO UK CONTINENT JEDDAH ALSO ACCEPTING FCL/LCL FOR Al UK Location* Mlui Dublin. Aarftua. Amalardam. Antwerp Baaal. Braman/Bramartiavan. Copanhagan. Gottwnburg. HaHkiki la Havra. Maimo Oak) Stockholm. Zurich Port Klang/Panang Ma laadar to Smgapora TO HONG KONG TAIWAN KOREA JAPAN THAILAND PHILIPPINES INDONESIA MALAYSIA VESSEL YS PROSPERITY CARDIGAN
      1,037 words

  • Page 22 Advertisements
    • 332 22 DJAKARTA LLOYD INDONESIAN NATIONAL LINE CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/WY SPORE 24/2 ROAM ADAM H'BURG BREMEN ANTWERP 30/3 5/4 8/4 12/4 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO MfKf to Inducement Also KCtplmg cargo to Casablanca, Part Port Alexandria, Genoa, Trieste. ALSO ACCEPTING BOTH CONTMNERS,
      332 words
    • 891 22 OHANJIN SHIPPING TO USA PACIFIC SOUTH WEST TO EAST COAST (ALL WATER SERVICE) FM VSI HANJM KNANGTANG 085E HANJM KUNSAN 071E FISHGUARD BAT 203N HANJM CHEJU 07* NB T/S AT REE Also accepting Reefer Opentop Flafcart etc to Toronto. Montreal Baltimore Boston. PMadripfca. Norto*, lacksomnlle Pornt etc N8 T/S AT
      891 words
    • 875 22 m EVERGREEN Full Container Service Round*The-World East Bound (FE/CARIB/USEC/EURO/FE) w nc i« uc u m m nt se no iu cm u miNMiwnriKPiican I a«T KB! 4/2 ki Pi 11/1 12/2 14/2 17/2 U/2 21/2 21/2 22/2 23/2 l»/l 2»/J 21/1 31/3 1/4 2/4 J/4 4/4 14/4 24/4 24/4 2»/4
      875 words

  • Page 23 Advertisements
    • 725 23 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) NEPTUNELINK TEL *****00 (TOLL-FREE) DOCUMENTATION DEPT *****44/*****14 TERMINAL OFFICE *****22 IMPORT CFS MB2 *****69/*****96 EXPORT CFS MB2 *****53/*****50 NEPLINE SDN BHD MALAYSIA K.L.-<O3) *****33, P.Kelang-{O3) *****87, Penang-<O4) *****0, J Bahru-<O7) *****3 *****4 PTI INTI TRIDENT NUSANTRA INDONESIA Jakarta (21) *****55,
      725 words
    • 386 23 Snecarao the multi MODAL FORWARDER FAX 221 9373 222 7988 EUROPE ANTWERP 10/2 BREMEN 10/2 HAMBURG 10/2 LEHARVE/LONDON 10/2 FELIXSTOWE 10/2 GENOA 14/2 MARSEILLES 14/2 ROTTERDAM 14/2 TOKYO 09/2 YOKOHAMA 10/2 KOBE 10/2 SOUTH ASIA COLOMBO 10/2 BOMBAY 08/2 KARACHI 08/2 MADRAS 12/2 CHITTAGONG 15/2 CALCUTTA 08/2 SYDNEY 08/2 MELBOURNE
      386 words
    • 616 23 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 T?5 r (REGULAR INDEPENDENT SERVICE) BALT ORIENT LINE 1 IYn FULL CONTAINERSHIP SERVICES CANADA .INI. W ROTTERDAM FOR OQCHAIKZ ONLY
      616 words

  • Page 24 Advertisements
    • 991 24 OKline KAWASAKI KISEN KAISHA, LTD AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) TEL *****77 TELEX: KAWAKI R*****5 FAX: MALAYSIA "K" UNE MARITIME (MALAYSIA) SDN BHD TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1 INDONESIA: P.T. SARANA LAUT INTERNUSA TEL: JKT *****76. *****77. *****08 N.AMERICA PACIFIC SOUTH
      991 words
    • 992 24 f-M33 «4 Tel: *****22/*****69 *****00 Telex: RS ***** FAX: *****76/*****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUrmALLVMEW ZEALAND/SOUTH Hkctnc FCVLCL SBtVICS 15 FEB SYDNEY. MELBOURNE. BRISBANE, FREMANTLE 17 FEB AUCKLAND. WELLINGTON. LYTTELTON. NEW PLYMOUTH. NAPIER, CHRISTCHURCH 25 FEB
      992 words

  • Page 25 Advertisements
    • 757 25 Pit PACIFIC INTERNATIONAL LINES (PTE) LTD PIL Building, 140 Cecil Street KXWX), Singapore 0106. REGIONAL CONTAINER SERVICES CR NO: 10QBQ*****0E TAIWAN" VESSEL KOTA MELATI HAI QUANQ KOTA MELATI VOY KML 204 SIN 9/2 KML 205 19/2 [BELAWAN/PENANG HO CHI MINH VESSEL BUNQA SETAWAR STRAITS PRIDE VOY 85W205 05N SIN HCM
      757 words
    • 814 25 EacßenV F CLASS CONHINIR TRANSPORT lAI'RIas CONTAINER SIRVTCT TO LK-N'ORTII CONTINTNT,SCANT)INA\IA WEEKLY NOTE 1) SOU LE HAVRE/BELFAST/BILBAO/DUBLIN 2) RTM PARIS/BASEL/ANTWERP/CORK 3) HAM COPENHAGEN/AARHUS/VIENNA/WARSAW/GYDINIA 4) GOT OSLO/HELSINKI CLOSING TIME Fa: 11/2 0700 HRS LCL: 10/2 1700 HRS EXPRESS COM AIM R SFRMCE FROM M'.\NDINA\IVN()R!Ii CONTINENT IK WEEKLY Alao accepting cargo tor
      814 words
    • 304 25 BOUSTEAD SHIPPING AGENCIES MYANMA FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) BAGO V3s* HPA-AR VI73W MYOMA TWA VI39W PAGAN VIIOW S'pore S/10 Feb 10/12 Fab IS/II F«b 23/25 Fab P.Klf Pen P.Gdf THE BANK UNE (A Mrvic* of Andrew WMr SMpptng) SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY EXPRESS
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  • Page 26 Advertisements
    • 498 26 fff Hai Sun Hup Co (Pte) Lt 2 s J 1 KASTKRN CAR LINEH. LTD STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS IN BOUND VESSELS OUTBOUMP VESSELS IQAPMHi FOB NAC/OSI SONBAI VII ETA SP SLD PK IN PT LOADWC FOR WAG/TOK/SEN COSMIC PIONEER VIS ETA SP 12/2 PK
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    • 93 26 (pan) PAN OCEAN SHIPPING COMPANY LTD \REGULAR CONVENTIONAL SERVICES TO UK CONTINENT PORTS Spore *0 In Pt H. OLDENDORFF 4/2 NORMAN MARINER 12/2 P Kelang Loading for Rdm/Atw/UK/Nantes/Valencia Barcelona Bilbao At*, UK 16/2 Rdm/Atw/UK/Nantes TO MIDDLE EAST PORTS [GLOBAL STAR GLORY SKY PAN RISER S pore Loading (or 7/2 ieddah/Aqaba
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    • 174 26 zMxa®d7 800 Australia Now Zoaland WeeklyLCL Consolidation lbs/ Singapore-Australia Fremantle Adelaide Melbourne Sydney Brisbane Singapore-New Zealand Auckland Wellington Lyttleton New Plymouth Napier Christchurch CQsn nammnmt n Tel: *****88 Fax: *****83 EUROPE/S.E.A. BREAKBULK SERVICE P*BL VESSEL KUKIANG CAREER UMUDEN 10-14/1 ANTWERP 22/1 TO PORT KELANG 11/2, SMGAPORE 21/2 KAOHSIUNG 2t/2 TBM
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  • Page 27 Advertisements
    • 331 27 ■/"MS NEDLLOYD GIVES YOU EUROPE EXPRESS TO EUROPE (NORTH CONTINENT UK SCANDINAVIA) WEEKLY NEW ZEALAND FIJI P.KLANG PENANG OCCAM VESSEL SW LE HAVRE* J) R'OAM(I) H*BURQ<2) B*HAVEN rSTOWC B'HAMPTON OWM (1) ntor. tnuini a. Mti, MM. Mm*. tw W, Lakaa. L«m> <2> km SMMi tiMri UM. I TO RED SEA
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  • Page 28 Advertisements
    • 528 28 T4'AUSTRALIA/NEW ZEALAND TQ Alvr KMpttng cargo to:- «|>: —Houston. Savannah, Norfolk. BaMmoro. Now Tort Montreal. Toronto FMti USA/CANADA/EUROPf/MEDITERRANEAN T*T \l R\l \(»l I .i; E>CISIN SHIPPING AGENCIES PTE. LTD. r H !i \(.|-;\TS, Spof. Tr I ,W7'l FA I ?2 128-17 M COLINE s SEMI-CONTAINER FEEDER SERVICE wyac MaaoHoousta Accepting
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    • 540 28 T.S.K. LINE (TOKYO SENPAKU KAISHA. LTD) STORE AGENT TSKLINE AGENCIES (S) PTE LTD 70 SHENTON WAY #04-01 MARINA HOLjSE STORE 0207 TEL: 22f>33f>3 FAX: 22(>1<)72/3 TLX: 2*220 TSKSIN EXPORTS TO HONGKONG, TAIWAN, MANILA t JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE ACX MOE ACX RUBY (AISO ACCEPTMG Fa TO BANGKOK/CHMA/OSAKA/MOfl/HAXATA/HKOSHMA/SHBUSH/NMU/SWWU) MPORTS
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    • 923 28 CHINA OCEAN SHIPPING COMPANY CO FULL CONTAINER LINER SERVICE MALAYSIA'S AGENTS CHUNG CHIAO SHIPPING SON BHD Kl TEL: 4425W1/I7 FAX: *****J2, ***** P. KLAMC TEL 36M106T TU MA ***** PENANG -IE *****1 TU: MA ***** GUAN GUAN SHIPPING SDN BHD P KLANG TEL: 3€<9206/7. *****55 FAX 03-*****64 TLX: MA *****
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  • Page 29 Advertisements
    • 373 29 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE *****33 24 LINES f ORT KLANG PH: 03/*****66 (12 UNES) II PENANG: 04/*****7 (10 LINES) W JE CONTAINER LINE n TEL: *****59 FAX *****63 WE WISH ALL OUR CLIENTS A HAPPY PROSPEROUS NEW YEAR JE CNTR LINE
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    • 779 29 m RICHFIELD MARINE AGENCIES |S| PTE LTD TEL: *****33 (12 UnM) FAX: *****15/*****03 TELEX: R3 ***** RISHIP (3 LIom) j® (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL ABBAY WO HZ LOADING FOG OARESSAIAAM MOMBASA DJIBOUTI ASSAB MASSAWA OARESSAIAAM. MOMBASA DJIBOUTI ASSAB MASSAWA KIEN HUNG LINE FULLY CONTAINERISED FORTNIGHTLY LINER
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    • 7 29 I TEL: *****07 TLX: ***** FAX: *****76
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    • 323 29 TKER-UnE lIW I H VSL VOY SMGAPORE MADRAS SINGAPORE VESSEL TWER SPEED TIGER SHARK TIGER BMDGE VOY 190N 191N 10 11/02 15 16/02 17-18/02 17-11/02 24-25/02" 22-23/02 29-30/02 24-25/02 02-03/03 VSL VOY SMQAPORE/CALjCUTTA^MQAPORE VESSEL VOY TIGER RIVER 144CN8 EAGLE BREEZE 007 LHOTSE 417 10-11/02 13-14/02 22-23/02 CM. SM 10-19/02 27-20/02*
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  • Page 30 Advertisements
    • 417 30 MAC-NELS S'PORE IMPORT: *****02 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 BH PK SIN 9/2 10/2 8/2 14/2 15/2 7/2 8/2 9/2 14/2 15/2 16/2 Keekmg/Kaohsiung 10/2 11/2 12/2 14/2 15/2 16/2 17/2
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    • 368 30 AUSTASIA LINE AND MERLION SHIPPING AGENCY m i new BLUE STAR LINE SINGAPORE TO FROM NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SM MW.BERA 25S 10/2 MAHSURI 0614 19/2 PHOSPECT 17S 4/3 Ml IYT 22/2 VIA NPI 23/2 2/3 VIA NPt 4/3 IC/3 VIA HPI
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    • 458 30 THONG SOON LINES PTE. LTD 77 ROBINSON ROAD #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO VESSEL VOY PUS HKG SIN POM HON NORO RAB LAE MAD EQUATOR RUBY 6/92S 29/01 09/02 12/02 16/02 18/02 EQUATOR
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    • 268 30 NVOCC WORLD-WOE FREIGHT SERVICES WE ASSURE THAT YOUR CARGO ARRIVE SAFE t SOUND AMQ HOST MPORTANT OF ALL, .TIP-TOP CONDITION OUR CONSOL COVER: FAR EAST/SOUTH EAST ASIA HONG KONG CHMA BANGKOK NEST MALAYSIA JAKARTA HOW/INDIAN SUB-COWTXEHT COLOMBO CALCUTTA CWTTAGONG NEW ZEALAND AUCKLAND MPOLE-EAST DUBAI OAMMAM KUWAIT SHARMH ABU DHABI DOHA
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  • Page 32 Advertisements
    • 29 32 This information appears under an arrangement between Business Times and the Baltic International Maritime Council (BIMCO) and is based on the latest reports from BIMCO members and agents internationally
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  • Page 33 Advertisements
    • 15 33 Read Chartpoint, a guide to investing in the Stock Market. Every Saturday in Business Times
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    • 178 33 ft KYC LINE KYC CARGO SERVICES (S) PTE LTD BOOKINGS: HINDRAN/CALLIE/MEI MING TEL: 225 8555 FAX: 224 4427 LCL AND FCL SERVICES MADRAS 10/2/92 CALCUTTA 11/2/92 (TRANSIT TO NEPAL) BOMBAY 16/2/92 COLOMBO DUBAI CHITTAGONG 16/2/92 11/2/92 12/2/92 Inttrn.ition.i (Hint UP. LIVING IT EACH WEEKEND, put up your executive feet, and
      178 words
  • Page 33 Miscellaneous
    • 318 33 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOI* 0000 0100 0200 0300 0400 0500 OMO 0700 00M MOO ******************** ISM ISM 17M1M01M0 20M 21M 22M 23M ft 24 2.4 2.2 18 1.4 1 1 1.1 1.2 1.4 20 26 30 3.1 2.9 2.4 1.8 1.3 08 0.6 0.5 0.5
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  • Page 34 Advertisements
    • 299 34 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. Gong Xi Fa Cai to all our invaluable clients and business associates A Happy Prosperous Lunar New Year Agents: BOUSTEAD SHIPPING AGENCIES PORT KLANG TEL FAX TU C2-*****CC #2-*****71 B ***** PA» CUDANC •3-*****09 03-24<9«X2 MA ***** ROT* KHABALU
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    • 224 34 CHARTPOINT Every Saturday in Business Times Brisbane Sydney Adelaide Fremantte Any problem going Melbourne DOWN UNDER Call us today! FREIGHT MANAGEMENT GROUP SN JKT PKL PEN BKK MNL JOH BSB tel *****11 *****66 *****98 *****8 *****29 *****76 *****1 *****3 fax *****59 *****14 *****88 *****8 *****17 *****79 *****5 *****5 Mrtr Milsci
      224 words