The Business Times, 27 February 1992

Total Pages: 50
1 50 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER EOR S-E ASIA MITA (P) 35/12/91 Thursday, February 27, 1992 75*
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  • NEWS SUMMARY
    • 76 1 WASHINGTON Orders to US factories for usually expensive durable goods rose 1.3 per cent in January, bouncing back a bit from the biggest drop in more than a year just a month earlier, the government said yesterday. The US Commerce Department
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    • 51 1 BEIJING China has passed a controversial law claiming several disputed islands, including the strategic Spratly archipelago in the South China Sea, and reserving the right to use military force there. Parliament approved the law on Tuesday, official media reported yesterday, adding that it was effective
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  • MARKETS SUMMARY
    • 24 1 THE Dow Jones index of 30 leading industrials moved up 10.95 points to 3,268.78 yesterday in the first half hour of trading.
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    • 33 1 LONDON shares were higher at midday yesterday on enthusiasm generated by a major brokerage firm's buy recommendations. At about 12:30 pm, the FTSE 100-share index was up 8.2 points at 2,555.0.
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 714.78 -3.77 Kuala Lumpur ....603.16 +0.87 Tokyo 21,364.77 +339.22 Hongkong 4,794.71 +34.51 Sydney 1,638.1 -2.8 Tneaday Change New York 3,257.83 -24.59 London 1,989.8 -9.9
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    • 19 1 USS SS 1.6445 100 Yen SS 1.2669 MS SS 0.6342 "fOUVjf 11m Overnight 3 -3/8 3-month 3-7/16 +1/16
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    • 36 1 London GoM AM fix US$348.80 -USS1.85 S pore Mar l33.25«/k* -0.75 M'sia Mar.... 209.00*/kg unch KL Tin Turnover 70 tonnes +10 Spot MSl4.32/kg +0.02 Crndo pafcn ofl Turnover 1,432 lots +604 Mar MS906 /tonne +5
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  • 744 1  -  Construction bucks general trend of slower growth in other sectors By Kenneth James SINGAPORE A surge in the construction sector could not prevent the Singapore economy from slowing further to 6.7 per cent in 1991, the lowest growth rate since 1986, while prospects
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  • 126 1 AFP HONGKONG China's State Planning Commission recently approved the setting up of nine more large economic zones as part of sweeping economic reforms, a newspaper reported here yesterday. The pro-Beijing Wen Wei Po said the nine large economic zones were approved this week
    AFP  -  126 words
  • 300 1  -  From John Helmer in MOSCOW THE Moscow City Council (Mossoviet) is planning to send a delegation to Singapore next month to discuss business participation in a proposed free economic zone (FTZ) to be established around Sheremetyevo, the international airport of
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  • 410 1  -  From Catherine Ong in HONGKONG THE US Senate passed a Bill yesterday attaching conditions to the renewal of China's Most Favoured Nation (MFN) trading status but failed to gain enough support to override President George Bush's promised veto. News of
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  • 432 1 AFP SYDNEY Australian Prime Minister Paul Keating unveiled yesterday a A 52.3 billion (Ss2.B billion) spending package and reforms aimed at spurring economic recovery and creating 800,000 jobs. The package involved a new tax regime, infrastructure development, job training and a more liberal
    AFP  -  432 words
  • 190 1 Reuter SYDNEY Prime Minister Paul Keating's recipe for economic recovery got a thumbs down from the markets and business leaders amid doubts that the A 52.3 billion package could deliver on its ambitious promises. "The reaction in the bond market was nothing short
    Reuter  -  190 words
  • Page 1 Advertisements
    • 436 1 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. IhWra: Phone *****33 Knata Lmh< Phone 757 0233 teaa* Phone. 615 965/619 014 Jakarta; Phone 374 065/*****72 Threats remain THE initial euphoria that the end of the Cold War would bring about universal peace had given way to a new realism that threats
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    • 120 1 Interest in stakes Berjaya Group's chief executive officer Tan Sri Vincent Tan has proposed to inject two of his private companies into Berjaya Leisure for MS131 million (S$83 million) in cash and shares Page 4 Fete profit up llpc NET GROUP earnings at Far East Levingston Shipbuilding (Fels) for the
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    • 19 1 Manufacturers' outlook almost at six-year low; Financial and business services sector growth slows down to 5.4 pc, Pg 11
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  • PAGE 2 NEWS
    • PLANE TALK
      • 96 2 SINGAPORE The UK's Lucas Aerospace has been awarded a contract from Texas Instruments Defence Systems Electronics Group to supply electrochemical wing actuators for the HARM (High Speed Anti-Radiation Missile). These actuators will be manufactured in Bradford, England. Lucas will also be designing and producing
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      • 74 2 SINGAPORE China National Aero Technology Import and Export Corporation (Catic) announced yesterday that exports of Chinese commercial planes have gone up from two to 44 over two years. These included 37 Y-12, two Y-7, four Y-8 and one ultra-light Bee-3
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      • 51 2 SINGAPORE GEC-Plessey Avionics (UK) will be supplying the PA9154 Naval GPS Receivers to GEC-Marconi Systems for installation in Anzac frigates. The sub-contract was awarded to GEC Marconi Systems by Amecon, an Australian shipyard, which is the prime contractor for the Anzac frigate
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      • 107 2 SINGAPORE The Ground Systems Group of US-based Hughes Aircraft Company hopes to win the contract to fully integrate the proposed Hongkong airport with Hughes' Electronic Data Interchange system. A company official said Hughes was now helping the authorities in the
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    • 152 2 SINGAPORE Kendell Airlines of Australia signed an agreement with Sweden's Saab to take options on two Saab 2000 regional jets, scheduled for delivery in 1994, yesterday. The 58-seater Saab 2000, capable of cruising up to 370 knots, will be used to boost capacity
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    • 341 2 SINGAPORE Four major customers have taken options to buy the Russian amphibian A-40 aircraft, whose unusual looks have made an impact on audiences here. Valentin Klimov, general director of the Russian aerospace marketing company Aviaexport, told BT that it had received options
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    • 217 2 SINGAPORE US-based Paramax, a whollyowned subsidiary of Unisys Corporation, is trying to impress the Singapore Meteorological Station and local aviation authorities with its Next-Gener-ation Weather Radar (Nexrad) system. The company, which until recently was known as the Unisys Defence System, is currently undertaking
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    • 397 2 Asian Aerospace '92 SINGAPORE The end of the Cold War has not brought a peace dividend for South-east Asia, Defence Minister Dr Yeo Ning Hong said yesterday. Nor was the prospect of less US involvement in the region a cause
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    • 215 2 SINGAPORE Air defence expenditure by South-east Asian countries for 1992 is projected to be around US$3.3 billion (555.4 billion), figures culled from Jane's Defence Weekly showed. The figure would be much higher if Singapore's order for 12 new F-16 A/B General Dynamics
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    • 89 2  -  Reports by Harish Mehta, Selva Kumar, Alec Almazan, Ang Wan May, Clarissa Tan, Tan Hua Joo,Salil Tripathi SINGAPORE Canada's Bombardier Inc announced yesterday the development of the Canadair Global Express, a wide-body business jet designed to fly further, faster and higher than any other current or proposed
      Pictures by Chris Loh  -  89 words
    • 205 2 SINGAPORE Hamilton Support Systems, a business unit of United Technologies Hamilton Standard division, will open an Asia-Pacific service centre here in April. The new centre will initially service electronic engine controls for the PW4OOO engine, including Pratt and Whitney-authorised modification of
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    • 171 2 SINGAPORE Singapore Engine Overhaul Centre Pte Ltd (SEOC) signed a contract with Philippine Airlines yesterday worth US$3 million (554.92 million) a year. The contract involves the overhaul and refurbishment of Pratt and Whitney JT9D-7Q engines which are mounted on PAL's 8747-200 planes. The
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    • 196 2 SINGAPORE Two Singapore Aerospace subsidiaries announced a manufacturing contract and licence agreements with foreign partners yesterday. Singapore Aerospace Systems (SA Systems) has signed a contract with Rockwell Collins France to develop and fabricate further models of avionics test equipment programme sets and adaptors.
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  • Page 2 Advertisements

  • SINGAPORE NEWS
    • 416 3  -  HDB upgrading programme Wkm nl Kepora oy Colin Tan THE long-awaited demonstration phase of the Housing and Development Board's massive upgrading programme begins next month. The programme, which involves an estimated 6,000 flats in six precincts, will be launched by Prime Minister Goh
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    • 353 3 THE HOB will hold exhibitions for 6,000 flat owners in the demonstration precincts to help them decide whether they want their flats, blocks and common areas improved. The exhibitions will run from Mar 6 to Apr 20. The show will open at Marine Parade, then
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    • 235 3 THE HDB yesterday assured residents that it will make every effort to minimise any inconvenience and disruption to their daily lives when upgrading work starts at the six precincts during the demonstration phase. Senior Principal Architect Yeo Eng Chang said the HDB had learnt valuable lessons
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    • 284 3  -  By Daw Tan DESARU International Resorts Sdn Bhd, the former developer of the Desaru resort in Johor, was given breathing space yesterday in which to sort out its financial troubles. The Singapore High Court postponed the hearing of a winding-up petition against the developer until
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    • 439 3  -  By Yang Razali Kassim SINGAPORE'S Foreign Minister Wong Kan Seng has called for the Asean Free Trade Area to be implemented sooner than the agreed 15 years. He said more sectors should also be slated for liberalisation under the Afta-re-lated Common
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    • 314 3 SINGAPORE The republic has moved a step closer to an Electronic Road Pricing (ERP) system, under which car owners will be charged according to road usage. The Singapore government said yesterday it had shortlisted 10 prospective groups for a new round of tenders
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    • NEWS ROUNDUP
      • 71 3 OIL COMPANIES Shell and Esso have both cut fuel prices with effect from last night. Both companies have cut petrol prices by 1.7 cents. Premium leaded petrol is now 124.5 a litre while premium unleaded petrol is now 114.5 cents a litre. Intermediate unleaded
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      • 54 3 THE VISITING Pakistani Minister for Defence, Syed Ghous Ali Shah yesterday called on his Singapore counterpart, Dr Yeo Ning Hong at the Defence Ministry's headquarters in Bukit Gombak. Mr Syed Ghous, who is in Singapore for the Asian Aerospace 1992 exhibition, will call on Prime Minister
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      • 39 3 NGEE ANN Polytechnic said it was tying up with UK's national CI 1 Centre for Accounting to develop a regional centre where computers will be integrated into the teaching of accounting and finance.
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    • 162 3 THE chief executive of Inchcape Berhad, Philip Cushing, is leaving the company to go on the board of parent Inchcape pic as director of services. Succeeding him as Inchcape Bhd's chief executive and country manager for Singapore, East Malaysia, Brunei, Indonesia, Myanmar
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  • Page 3 Advertisements
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    • 429 3 OFAR EAST LEVINGSTON SHIPBUILDING LTD p (Incorporated in the Repubftc ol Singapore) The Directors of Far East Levingston Shipbuilding Limited advise the following audited results of the Group and the Company for theyesr ended 31 December 1991: COMPANY GROUP 1991 1990 1991 1990 $'000 $'000 $'000 $'000 Production revenue 447,654
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 47 4 SINGAPORE Property-based Malayan Credit Ltd has incorporated a wholly-owned subsidiary in Singapore called Malayan Credit Services Pte Ltd. The company, which has an authorised share capital of $100,000, will act as consultant or manager for property development, buildings, lands and estates.
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      • 46 4 SINGAPORE Guthrie GTS Ltd's wholly-owned subsidiary, Guthrie Manufacturing (S) Pte Ltd, yesterday bought another 38,000 L&M shares at $1.65 apiece. Guthrie GTS now owns 24.48 million shares representing 36.6 per cent of the issued and paid-up capital of L&M Group Investments.
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      • 55 4 KUALA LUMPUR Mamee-Double Decker (M) Bhd plans to ship another 100 containers of Mamee instant noodles worth some Ms 3 million (551.89 million) to Russia by end of this year, managing director Pang Tee Chew said yesterday. The first shipment of goods worth M 533,000 had
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      • 56 4 KUALA LUMPUR Malaysian International Shipping Corp has awarded a two-year M 55.9 million (553.71 million) contract for the supply of marine lubricating oil to French firm Elf Petroleum. MISC, Malaysia's national shipping line, said Elf would supply a total of 1.358 million litres of high-quality marine
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      • 53 4 SINGAPORE Sembawang Maritime Ltd has explained that the substantial increase in the company's investment and other income was due to dividends paid by subsidiaries to the hoidii* company and a foreign exchange conversion gain on a US dollar loan from a subsidiary. These transactions were
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      • 40 4 SINGAPORE The Indonesia Development Fund Ltd has announced a 62 per cent jump in its after-tax profit to US$3.9 million (556.4 million) for the year ended Dec 31, 1991, from US$2.4 million the previous year.
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      • 50 4 KUALA LUMPUR Pengkalen Industrial Holdings Bhd has agreed to acquire the entire issued and paid-up capital of Tasima Footwear Sdn Bhd comprising 5.3 million ordinary shares for M 51.47 million (*****,000) in cash. Tasima Footwear Bhd's principal activity is in the manufacture of footwear for export
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    • 513 4 SINGAPORE Berjaya Group's chief executive officer Tan Sri Vincent Tan has proposed to inject two of his private companies Tioman Island Resort and Redang Island Resort into Berjaya Leisure, the former Sports Toto Holdings, for Msl3l million (SsB3 million) in cash
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    • 581 4  -  Fran Leslie Lopez in KUALA LUMPUR SINCLAIR Nominees Ltd, a minority shareholder of the collapsed Carrian group of Hongkong, has accused stateowned Bank Bumiputra Malaysia Bhd of engaging "in a pattern of racketeering activity" to acquire several parcels of Carrian property in the
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    • 243 4 SINGAPORE Provisions Suppliers Corporation Ltd (PSC) is to spend Ms 2 million (551.26 million) on new processing plants in Johor that will give it the capacity to move into the export market. The company, through wholly-owned Malaysian subsidiary Econfood Manufacturing Sdn Bhd,
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    • 479 4  -  Dexter Lee SINGAPORE Rigbuilder Far East Levingston Shipbuilding (Fels) has chalked up higher net group earnings of $36.12 million for the year to Dec 31, 1991, up 11 per cent from $32.55 million a year earlier, despite sharply lower interest income. Though
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    • 220 4 Reuter KUALA LUMPUR Malaysia's commodity exchange and a private consortium are at odds over plans to start trading in financial futures and options. Talks between the Kuala Lumpur Commodity Exchange (KLCE) and the group had ended in deadlock and both
      Reuter  -  220 words
    • 595 4  -  THE HOCK LOCK SIEW COLUMN By SN Vasuki SINGAPORE Here is a puzzle to chew over one day before the Budget. Take two countries; one is the world's largest economy which has fallen on hard times. The country's unemployment levels and budget deficit are soaring
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    • COMPANY BRIEFS
      • 112 6 HONGKONG State-owned Electricite de France (EdF) seeks partners in Hongkong or Taiwan to build a power station in China's rapidly-growing Guangdong province, now suffering acute energy shortages, a senior company official said yesterday. EdF is already a technical consultant for China's Daya
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      • 103 6 BANGKOK The Siam Cement Co Ltd reported that consolidated net income in 1991 fell to 4.81 billion baht from 5.35 billion a year earlier. The results were lower than the 5.20 billion baht expected by analysts. However the results were unlikely to further depress Siam Cement
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      • 110 6 LONDON Anglo-Dutch multinational Unilever Plc-NV has announced a modest rise in 1991 pre-tax profits, saying recession had stunted growth in many of its major markets. The food, drinks, detergents and personal products group said pre-tax profit edged ahead 0.56 per cent to £1.79 billion (SSS.I
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      • 108 6 LONDON British food and drinks group Grand Metropolitan Pic said on Tuesday it was planning a two-for-one share split and expects results in the current first half to be in line with those of last year. "To give our shares wider appeal, the board has
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    • 369 6 Reuter BANGKOK Thai Airways International Ltd has mandated 76 Thai underwriters for its initial public offering of 95 million, 10-baht-par shares. The offering, at 60 baht a share, will take place between March 16 and 27. Thai Airways chairman Kaset Rojananil described
      Reuter  -  369 words
    • 391 6 Reuter AUCKLAND American Airlines, a foundation shareholder in Air New Zealand when it was privatised in 1988, sold its five per cent stake to the airline's major shareholder yesterday. Brierley Investments, New Zealand's largest listed investment company said it had bought
      Reuter  -  391 words
    • 256 6 AFP TOKYO Japanese trading giant Mitsubishi Corp announced on Wednesday its first big management shake-up in five years, naming a new president with extensive experience in the United States and Britain. The company said directors had decided to appoint senior managing director Minoru Makihara
      AFP  -  256 words
    • 376 6 Digital's new chip expected to give firm vital edge in market Reuter NEW YORK International Business Machines Corp on Tuesday introduced two new personal computers powered by an enhanced version of Intel Corp's 386SX chip, dubbing them the fastest PCs in
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    • 304 6 AFP MELBOURNE Japanese department chain Daimaru announced yesterday that it was forced to retrench 200 workers, six months after it opened a showpiece department store here. The sackings were announced on the eve of an economic statement by Prime Minister Paul Keating aimed
      AFP  -  304 words
    • 510 6 Reuter SEOUL Asea Brown Boveri AG of Sweden and Hyundai Precision and Industries Co Ltd were awarded a contract to supply 366 cars for the South Korean subway, the Office of Supply said. The winners bid 150.9 billion won (Ss33l million),
      Reuter  -  510 words
    • 643 6 Analysts see chairman Diller's departure as a blow to the company Reuter LOS ANGELES Rupert Murdoch, chairman of News Corp Ltd, said he plans to run his company's Fox Inc entertainment unit over a long term following the departure of studio head
      Reuter  -  643 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 442 5 PULAU BAYAN ftDEM MARINA CLUB VrCH Swimming Pool with Club House in the background jH|^ On March 1, 1992, the Pulau a welcomes Bayan Marina Club starts its J^^L operations. Dear m' Welcome Pulau Bayan Marina The dubhouse is completed. > f We hope vou will take the opportunity to
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  • Page 6 Advertisements
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  • FINANCIAL NEWS
    • 412 7  -  By Magdalene Ng SINGAPORE Security Pacific Corp, which has just sold the European businesses of its Hoare Govett subsidiary to ABN Amro Bank NV, is close to finalising the sale of Hoare Govett's Asian operations. Negotiations for the sale of its Asian
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    • 252 7  -  From Florence Chong in SYDNEY HONGKONGBANK of Australia has made a dramatic turnaround in its performance for the year ending Dec 31, 1991, dye in part to new businesses with Asian investors. The Australian subsidiary of Hongkong and ShanghaiBanking Corporation said its net loss narrowed
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    • 288 7 Reuter TOKYO Fuji Bank and Tokai Bank are setting aside special loan loss reserves to cover bad debts from separate loan fraud cases that have been linked to the banks, spokesmen said yesterday. The reserves may be for the financial
      Reuter  -  288 words
    • 368 7 Reuter LONDON The chairman of Lloyd's of London insurance market has vowed to fight legal action by investors who want to stop their money being used to settle huge claims. The investors allege the system at Lloyd's, which opened in the 18th
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    • 355 7 Reuter LONDON Barclays pic's chairman says 1992 will be a year of further substantial bad debt provisions, although the level is not likely to be as high as in the past year. "If we see a slow revival in the British and US
      Reuter  -  355 words
    • SMALL CHANGE
      • 98 7 BANGKOK A Thai private company and a state-owned bank have agreed to set up a commercial bank in China in the middle of this year. A spokesman for the Bank of Thailand said on Tuesday that the M Thai Group and
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      • 46 7 KUALA LUMPUR Banque Indosuez hopes to capitalise on infrastructure development projects earmarked under the Sixth Malaysia Plan. Executive vice-president Emmanuel Vasseur estimated on Tuesday that the market for private infrastructure financing in Malaysia was worth more than US$lOO billion (SSI64 billion).
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      • 73 7 TOKYO Mitsui Marine and Fire Insurance Co Ltd has cut its forecast for parent current profit in the year ending March 31, 1992, to 23 billion yen (SS2B9 million) from an earlier expected 37.5 billion yen. Mitsui Marine's profit in 1990-91 was 35.1 billion yen. It
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      • 71 7 MANAMA, Bahrain Bahrain Middle East Bank EC (BMB) posted a US$l.5 million (552.4 million) net profit in 1991 compared with a USS3B.3 million loss the previous year. BMB, an offshore bank, said on Tuesday that it had allocated US$l.7 million for possible loan loss provisions
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  • THE REGION/THE WORLD
    • WORLD WATCH
      • 120 8 BEIJING China's Parliament has passed its first law on territorial waters and approved a new pact on the borders with the republics of the former Soviet Union, the official People's Daily said yesterday. The Standing Committee of the National People's Congress on
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      • 75 8 NEW DELHI India's annual inflation rate fell to 11.8 per cent, as of Feb 8 compared to 13.7 per cent at the same time last year, Minister of State for Finance Rameswar Thakur said in Parliament. The annual rate of inflation was 13.06 per cent in
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      • 75 8 MOSCOW Nato chief Manfred Woernef urged Russia and Ukraine on Tuesday to bury their differences and join the West in preventing the spread of nuclear weapons. "I have not come with the intention of acting as a mediator or messenger between those two independent nations,"
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      • 68 8 WASHINGTON CIA director Robert Gates said on Tuesday that North Korea could be as little as a few months from completing a nuclear weapon. Testifying before the House of Representatives' Foreign Affairs Committee, Mr Gates cited what he called North Korea's reluctance to open
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      • 61 8 KUALA LUMPUR Mauritius is inviting Malaysian businessmen to invest in the manufacturing of electrical goods in that island country, Domestic Trade and Consumer Affairs Minister Datuk Abu Hassan Omar said yesterday. He said the investment was not only for the Mauritian market but also for
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      • 84 8 SEOUL A North Korean delegation arrived in Seoul yesterday to take part in a UN-sponsored meeting this week on a six-nation north-east Asian development project. Three northern delegates crossed the heavily fortified border at Panmunjom, a spokesman for Seoul's South-North Dialogue Office said. They
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    • 369 8 AP, Reuter UNITED NATIONS Iraq says it will co-operate with UN weapons inspectors and the dismantling of its military industries, but tried to link the issue to the lifting of economic sanctions, officials said on Tuesday. Iraqi Foreign Minister Ahmad Hussein sent
      AP,; Reuter  -  369 words
    • 751 8 But more can be done, say analysts FT JAKARTA Indonesia's trade reforms of recent years show its economic policy makers do take into account economic advice from outside; but more can be done, analysts say. The World Bank and Gatt last year praised
      FT  -  751 words
    • 239 8 Reuter TAIPEI Britain has offered to help Taiwan become one of Asia's major financial centres, British Corporate Affairs Minister John Redwood said yesterday. Mr Redwood, the most senior British official to visit Taiwan since London switched diplomatic recognition to Beijing from
      Reuter  -  239 words
    • 42 8 MANILA Visiting Vietnamese Prime Minister Vo Van Kiet standing at attention, white President Corazon Aquino salutes the Philippine flag during a review of honour guards at the Presidential Palace yesterday. Mr Kiet is in Manila for a two-day visit.
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    • 391 8 BANGKOK Vietnam and Myanmar have a lot of catching up to do and at the fastest pace possible, the first official delegations from the two nations to attend an international electrical energy conference here have said. Addressing the gathering as part of the Elenex
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    • 425 8 AFP HANOI Businessmen called it progress when West-ern-style nightclubs reappeared last year in Ho Chi Minh City. But for Vietnam's communist leaders, the southern city is starting to look too much like old Saigon. "A situation that worries us greatly is the return to
      AFP  -  425 words
    • 552 8  -  Asian investors still reluctant to take advantage of concessions in E German firms From Peter Daetz IN BERLIN A COLLAPSED deal with an Indonesian buyer for the purchase of sewing machines from eastern Germany reflects the problems officials face in attracting Asian investors to
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  • Page 8 Advertisements
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  • THE WORLD
    • 368 9 Reuter NEW YORK A steep drop in US consumer confidence in February could place the fragile economic recovery in jeopardy if it continues. Even Federal Reserve chairman Alan Greenspan was struck by the warning from the Conference Board's monthly consumer confidence index
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    • 342 9 AFP OTTAWA Finance Minister Don Mazankowski has pledged to cut personal income taxes and streamline government operations in an effort to revive the ailing Canadian economy. With unemployment at 10.4 per cent, personal and corporate bankruptcies at record highs and the
      AFP  -  342 words
    • 251 9 Reuter VLADIVOSTOCK, Russia The head of the most powerful region of Russia's Far East said on Tuesday economic chaos was causing food and power shortages and hampering plans to turn the area into ma economic powerhouse. "Economic disintegration has hit our weak spots,
      Reuter  -  251 words
    • 387 9 Reuter WASHINGTON A senior World Bank official urged the United States and its rich allies on Tuesday to launch a big aid programme for the former Soviet Union similar to the Marshall plan that rebuilt Europe after World War n. But World
      Reuter  -  387 words
    • 289 9 Reuter KIEV Ukraine, under pressure from Western countries to assume its part of the former Soviet Union's foreign debt, proposed a new formula on Tuesday under which it would split responsibility with Russia. Prime Minister Vitold Fokin told a consultative conference of
      Reuter  -  289 words
  • Page 9 Advertisements
    • 162 9 No short cuts to long-term recovery, Pg 10 SEVEN PEOPLE VANISH INTO NOTHING. Space, as you well know, is nothing. However, when you surround it with a new Mitsubishi Spacewagon, you can transport up to 7 people (plus luggage) in comfort that leaves nothing to be desired. Along with such
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  • 491 10 EDITORIAL IN the three years or so that the restructured Urban Redevelopment Authority (URA) has expanded to become Singapore's national planning body, it has been receiving more brickbats than accolades. Developers' pet peeve is the authority's alleged tardiness in granting building plan approvals. They will, however,
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  • WHAT THE OTHERS SAY
    • 296 10 THE MASSIVE rehousing of the population over the last three decades has torn apart old communities and severed life-long bonds between people. Now that the target of mere physical accommodation of the population has been met, it is time to see how building a sense of
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    • 106 10 MANAGING HEALTH-CARE programmes poses a major challenge to any government. Currently, our health problems are not acute. The real challenge will come in the long run as the population is aging. Right now, the government spends 2 to 3 per cent of GNP on health.
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    • 104 10 THE HEALTH REVIEW Committee has recommended that the government build more community hospitals and encourage private organisations and civil bodies to participate in the management of these hospitals. We feel that such community hospitals should aim to serve the middle- and low-er-income groups. Our future health-care policy should
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  • REGIONAL VIEWPOINTS
    • 195 10 FINALLY, there may be a way to avoid a future of escalating violence for the republics of what was once Yugoslavia. United Nations Secretary-General Boutros Boutros-Ghali, in a report last Monday, called for the rapid deployment of a 14,000-strong UN peacekeeping force in order to ensure that
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    • 131 10 A FEW HOURS before the annual bankers' meeting last Wednesday evening, Rachmat Saleh, a former governor of the central bank, announced the establishment of the Indonesian Bankers' Institute (IBI) which is expected to function as a watchdog to promote professionalism and a code of ethics in
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    • 173 10 A RATHER ROSY picture of Malaysia's petroleum sector's prospects has been painted by a prominent analyst in the field, Dr Fereidun Fesharaki, who was energy adviser to the Shah of Iran's government and is now director of the Resources Programme in the East-West Center in Hawaii. He
      173 words
  • 877 10  -  In deciding on measures to deal with the current US economic slump, Washington should steer clear of expediency, writes Paul Volcker Paul Volcker The writer was chairman of the US Federal Reserve Bank from 1979 to 1987 Los Angeles Times Although the political pressures
    Los Angeles Times  -  877 words
  • Page 10 Advertisements
    • 110 10 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and j I relevant book reviews. L ENTERPRISE MANAGEMENT, in V Business Times every Monday, is must V reading for managers who want the x I
      110 words
  • Page 10 Miscellaneous
    • 73 10 POONESBURV BY GARRY TRUDEAU A USTENVTHfS, W'~VOU9OMOrH* I LOATHE mOHCOTION, BUT AM r/HSOW BUT A POP. "PEAR. f WZFOUOUN6.IBrr-POR VIETNAMIZATION N SPECIAL- jwSEJ*ET>e lAUaWS ■A i fi <*** 'trmsemeeHQem UXZCFA**! THOUGHT J/y&A 1 IN REGARPSTO IR" ACflmJ SliriKJ THE PRO6RAM, BUT AM GRVfUNS UTTh THOU6NTFULANP SO ■■flCj W*ECENTRZ- < 1
      73 words

  • ECONOMIC SURVEY '91
    • 446 11 Business expectations Following a dismal fourth quarter last year, manufacturers' business sentiments have all but ebbed to a six-year low. Only the outlook during the outbreak of the Gulf War a year ago was poorer. Of the 341 firms which responded to the Economic
      446 words
    • 339 11 SIGNALS from the commerce and services sectors are mixed. Bullish about business in the first half of the year are hoteliers, stockbrokers and transport and storage services companies. Banks, finance companies, real estate firms and retailers, on the other hand, expect to be in the
      339 words
    • 562 11 Financial and business services THE GROWTH of the financial and business services sector slowed drastically last year, with the growth rate falling to 5.4 per cent from 13 per cent in 1990. The main drop was in financial services, which grew a mere 2.9 per
      562 words
    • 477 11  -  Construction Reports by Anna Teo, Chuang Peck Ming, Lilian Ang,Chew Eng Han THE construction industry has emerged as the fastestgrowing sector of the economy, streaking ahead of the others to register a growth rate of 21 per cent. Some $7.7 billion worth of contracts were
      Source: URA  -  477 words
    • 464 11 Manufacturing THE manufacturing sector grew 5.3 per cent in 1991, making it the slowestgrowing sector in the economy. In the previous year, manufacturing output jumped 9.5 per cent. The slowdown was due much to the near-flat performance of the electronics industry, whose
      464 words
    • 165 11 A GROSS value-added of $3.7 billion will be generated when the record-high $2.9 billion investments committed in the manufacturing sector last year are fully realised. Over one-third of the commitments (in terms of fixed assets) were made by the US. The Japanese accounted for
      165 words
    • 429 11 SINGAPORE'S manufacturing competitiveness slipped in 1991, as its wages rose faster than those of its competitors. With the stronger Singapore dollar, the relative unit labour cost index of Singapore wages in US dollar terms jumped 7.5 per cent against newly industrialising economies like
      429 words
    • 701 11 THE COMMERCE sector was buoyed by an 11 per cent jump in entrepot trade, up from 1990's 7.1 per cent. But the Gulf War took its toll in the early part of the year as visitor arrivals fell, and domestic spending eased. Hotels. restaurants and retailers were hardest hit.
      701 words

  • Page 12 Advertisements
    • 897 12 Nothings Beats A Bud. where to wine, dine v I. Go Par Gift Certificates Gift certificates from King's Hotel are in handy $50 and $100 denominations. Ideal for all occasions, they can be used for rooms and at all F&B outlets. Corporate purchases of $500 or more entitles you to
      897 words
    • 248 12 We ve just bred a new winner at The Stables 5 Br I The Businessmen's Derby Lunch A delecuble choice of appeUaers and soup. followed closely by your pick from five delightful main dtshcs 21x1 selection of deaaetts. Finish *t> kx* c with coffee or tea. Only $28.00+ Closed for
      248 words
  • Page 12 Miscellaneous
    • 637 12 TELEVISION AND RADIO Inspired comedy gggg 155 Prnram Train (See Our Choice). !*2 Quran Business Report 'V.-' 7.00 CNN ManatfaaallU MO Oaapaaa aad (npa. SYMPHONY 92.4, arib ki VHF tONi Throw Momma From Tho Trota, t.OO Tap Capa (Stereo). QACB 0-00 Nam. II 10.30pm, SBC 5 fl S.OO Ika Waadar
      637 words

  • LIFESTYLE
    • 748 13  -  Before taking that pill for your 'flu, read what Jane E Brody has to say about side effects caused by everyday over-the-counter drugs Jane E Brody NYT A TRAVELLING companion who was having trouble sleeping was surprised and relieved to learn that Sudafed (pseudoephedrine), the decongestant she
      NYT  -  748 words
    • 596 13  -  34th Grammy Awards Presentation Arthur Spiegelman gives a run-down of who-won-what at the US music industry s most prestigious awards presentation Arthur Spiegelman Reuter A4l-YEAR-old song Unforgettable dominated the 1992 Grammy awards which Singapore viewers saw live yesterday, winning five early prizes including the Best Song award for
      Reuter  -  596 words
    • 452 13 CHATTERBOX LAWRENCE KASDAN's Grand Canyon, about a diverse group of people in Los Angeles and the impact of violence on their lives, was awarded the top prize, the Golden Bear, at the 42nd Berlin International Film Festival on Monday. The award, greeted with a mixture
      452 words
    • 407 13 Reuter WHAT stinks about your job? Is it a mean boss and his unreasonable demands? The dreary routine? Humourless colleagues? Or is it just the smell? Help is at hand in the form of muzak for the nose, Japanese-style. More and more Japanese firms are
      Reuter  -  407 words
  • Page 13 Advertisements
    • 152 13 AND ENTERTAIN (JUL* I Ra Shai Mase For the fresh and flavourfiil taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15 pm. iIL ANA HOTEL For reservations, SINGAPORE please call 732-1222 ext 1589. 16 "*£££?s?£ IS Wheeling and dealing
      152 words
    • 111 13 f* MINTON Tktß»• r I When' else would you main; an executive decision For an important business lunch or dinner, what could be more impressive than traditional European cuisine and fine wines served m an elegant restaurant right in the heart of Orchard Road? From $23++ for The Executive Set
      111 words

  • FOCUS
    • 660 14 In an attempt to stem General Motors' tide of red ink, the largest in corporate US history, the car manufacturer is breaking away with past practices and streamlining an organisation that is swimming in bureaucracy Reuter General motors Corp's radical restructuring programme will undo many of
      Reuter  -  660 words
    • 581 14 NYT VIEWED in hindsight, the General Motors assembly plant in North Tarrytown, New York, was probably doomed the moment the company decided in 1987 to manufacture its plastic-bodied mini-vans there. Although mini-vans were an America original in the 1980s, GM's adaptation, with its
      NYT  -  581 words
  • Page 14 Advertisements
    • 94 14 Putting your documents where you really need them When a customer calls with an inquiry, you need to have the right information at your fingertips fast. That's what Unisys imaging products offer your Unisys products provide not just quick accurate retrieval the annotation conceivable type and size of document. you
      94 words

  • Page 15 Advertisements
    • 164 15 w j The Kangaroo is now a common sight in Africa. k I'-vJL fe.£ j-ibx v Thursdays Harare, ;l J 5 h 1 sk and Sundays in Johannesburg, ft B^S^aSSfe^S|jafc f SsMUfcAul !&k r*C mv!fr f'* V 1 :-,;6i t ■■BfeSpK** to be precise. ""-< --v K "■> J tf»
      164 words

  • ADVERTISING & MARKETING
    • COPY LINES
      • 219 16 EDELMAN Public Relations has announced a merger with Sholl Holland Public Relations in Melbourne as the start of a major development plan in Australia. The company's regional manager for Australia and New Zealand said that the company would be assessing acquisition opportunities, as well as add
        219 words
    • 903 16  -  Sangeeta Mulchand on a harder emphasis on agency bottomlines Sangeeta Mulchand THE days when bearers of bad news were summarily executed seem to be back not only on New York's Madison Avenue but also the Singapore advertising scene. First, Leo Burnett's Martin Copus was transferred
      903 words
    • 475 16  -  Airline using Renaissance art in new campaign, reports Clarissa Tan Clarissa Tan CATHAY Pacific First that will be the brand name of Cathay Pacific Airway's enhanced first class service. Among the enhancements, which the airline regards as "The Renaissance of First Class Flight", are improvements to
      475 words
    • 649 16  -  Details about customers help the chain sell more goods in Japan, reports Sheila Jones Sheila Jones FT S EVEN-ELEVEN Japan, the convenience store chain, likes to know its customers intimately. Its recently upgraded point-of-sales (POS) system helps to ensure this. Checkout assistants key into
      FT; Source: 7-ELEVEN  -  649 words
  • Page 16 Advertisements
    • 86 16 ~r 7T^>_M TV x>yM x> _i mi x lite'- ifl v». -v -„r m &*slL -*Jkv m ■Hfl H |R& IBSfflr Mm Exclusively available at: Cortina Watch Centre Raffles City Shopping Ctr #01-36 Sincere Watch Lucky Plaza #01-22 The Promenade #01-07 Marina Square #02-220 Thong Hiap Watch Plaza By The
      86 words

  • Page 17 Advertisements
    • 75 17 "V w |r I Singapore's First Swinging Event Has Just Teed Off. m ,w> 1 i M i --y/ I V\ JK 1 Coming to the fore is one of golf's most exciting events. It's the Epson Singapore Open Golf Championship, from 27 February to 1 March 92. Fielding both
      75 words

  • SPORTS
    • SIDE LINES
      • 59 18 HAMILTON, New Zealand Sri Lanka has been given permission to replace injured pace bowler Rumesh Ratnayake by the World Cup cricket committee. The committee comprising officials from co-hosts Australia and New Zealand said on Tuesday that Sri Lanka would call for an
        59 words
      • 81 18 ROTTERDAM Frenchman Henri Leconte did not quite last a set at the world indoor tennis tournament, crashing out with a sprained ankle during a tie-break in his first-round match with Patrick McEnroe on Tuesday. The American was 7-6 up in the tie-break when Leconte, whose
        81 words
      • 47 18 INDIAN WELLS, California Martina Navratilova, who just broke Chris Evert's record for tournament titles, withdrew from the Matrix Essentials Evert Cup on Tuesday because of th< flu. The 35-year-old defending champion said she was too sick to play her second-round match against American Kathy Rinaldi.
        47 words
      • 144 18 BOSTON Sportswriter Lisa Olson has settled out of court for a reported US$5OO,OOO (S$820,000) her sexual harassment lawsuit against three New England Patriot football players and management of the National Football League team. "One of the reasons I settled this suit was to force them to take
        144 words
      • 67 18 PACIFIC PALISADES, California Australian golfer Greg Norman has undergone arthroscopic surgery on his left knee and is likely to miss at least next week's PGA tournament. Norman, 37, said on Tuesday that he was scuba diving in the Bahamas when he aggravated an old injury and
        67 words
      • 79 18 LONDON British showjumper Robert Smith had a sixmonth suspension for doping quashed on Tuesday when a leading sports drug expert said his horse's urine sample could have been tampered with. Smith was cleared by the International Olympic Committee's (IOC) Court of Arbitration for Sport in Lausanne, Switzerland, on
        79 words
    • 514 18 Reuter LONDON French engine manufacturer Renault is determined to claim back the Formula One constructors' championship from Honda. And its president thinks that with hard work and a turnaround in bad luck, Re-nault-Williams may just end Honda's four-year domination of the title. Renault Sport
      Reuter  -  514 words
    • 498 18 AP MILAN Mama and Papa gave their approval, so Alberto Tomba will ski in a super giant slalom in Japan on Sunday as part of his campaign to win the overall World Cup title. His agent, Paolo Comellini, said on Tuesday that Tomba made
      AP  -  498 words
    • 764 18 Formula One to see Italian rose among the thorns Reuter LONDON Fourteen years after first becoming a celebrity as one of Italy's first female kidnap victims, Giovanna Amati is adjusting to an entirely new kind of fame. But this time it is of
      Reuter  -  764 words
    • 247 18 Reuter NEW YORK Let Andre Cason run all the fast indoor times he wants, it's running fast outdoors that most concerns Leroy Burrell. While Cason has been posting scintillating sprint times this winter, setting two world records at 60m, Burrell has been
      Reuter  -  247 words
    • 357 18 AP SCOTTSDALE, Arizona Top-seeded Emilio Sanchez of Spain cruised into the second round of the Purex tennis championships as expected on Tuesday, but No. 3 seed Derrick Rostagno of the US never made it. In other matches, No. 4 seed
      AP  -  357 words
    • 351 18 AP MELBOURNE England has decided against risking key batsman Allan Lamb in today's World Cup cricket match against two-time champion West Indies at the Melbourne Cricket Ground. Lamb has been sidelined for than a fortnight with a hamstring injury and England
      AP  -  351 words

  • Page 19 Advertisements
    • 241 19 I concoirse I business tower the concoirse furnished apartments the concoirse I shopping mall A New Project For IkosE With Business Foresight The Concourse is the perfect place provide a truly complementary micromarket on Beach Road, The for work, rest and play all under mixture of business, residential Concourse offers
      241 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4141 20  -  By Claire Leow MALAYSIAN counters regained favour yesterday as investors scouted for bargains after Tuesday's sharp falls. Bargain hunters apparently decided to focus on the sound fundamentals of the Malaysian economy and good results posted by Malaysian companies, banks in particular, brokers said. Singapore
      4,141 words
    • Article, Illustration
      72 20  -  By Chew Eng Han Comment THE MONTH-LONG decline from the January peak may be nearing a bottom. The stock is now trading near the first support at $1.36-1.38. If this breaks, expect a drop to $132 at most. With daily and weekly stochastics at the low end, a
      SOURCE: DATA  -  72 words


  • 3239 22 Oriental Hldgs 650 +20 +3.2% MISC Foreign 560 +15 +2.8% H Leong Credit 247 +8 +3.3% Tan Chong 50* 216 +8 +3.8% UMW 297 +7 +2.4% Bolton 159 +6 +3.9% Esso 50« 430 +6 +1.4% Guinness 50> 334 +6 +1.8% Landmarks Bhd 97 +6 +6.6%
    3,239 words
  • Page 22 Advertisements
    • 176 22 Travel 92 With the quality of life rising and the The Straits Times wandering lust still very much alive within March 13,1992 Singaporeans, the travel industry looks set to scale new height. And tapping into this fertile turf. TRAVEL 92 Fair will see a giant display of Lianhe Zaobao travelling-related
      176 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5093 23 Bernama BUYERS returned to the share market here yesterday to bargain-hunt for issues on a broad front and this helped prices recoup early losses to close higher in moderate trading. The KLSE Composite Index ended 0.87 of a point higher at 603.16 but off
      Bernama  -  5,093 words

  • BT SHARE INFORMATION SERVICE
    • 271 24 Company Date Yaar Groap Net Net Minings Crass •nn to prafit/loss (L) par shara dividend (*000) (cants) Cerebos Feb 13 Sep 91 $45,623|($38.911) 148(128) 236TE(30TE) KL Kepong Feb 13 Sep 91 M$64.883($62.895) 15 3(14 8) 15(15) NST Feb 10 Aug 91 M$55.298(59 064 30 9(33) 20(20) Asia Pacific
      271 words
    • 226 24 Cm 9M& Data Yaar Group pra-tax Nat taming* Crass Mi to proflt/lMS (L) par share dlvWaad COM) (canto) H Plaza Feb 25 Dec 91 116,891(111.723) 2.7(1.7) 3(3) UOL Feb 25 Oec 91 $51,731 (S59.792) 7.3(9.6) 6(6) Tech Resources Feb 24 Dec 91 M$15,408($6,596) 1.0(0.5) Semb Maritime Feb 22
      226 words
    • 398 24 Company Oat* Half-year Group pre-tax latorim ana to profit/km (L) dividend (*000) Si me Spore Feb 25 Oec 91 $23.900($18.300) 5(5) Tasek Cement Feb 24 Dec 91 M$28,025($24,lll) 10(10) Lingu* Feb 18 Dec 91 M$4,068($3,388) CoM Store Feb 17 Oec 91 $12.122($19.171) 65N(6N) GK Goh Feb 17 Dec
      398 words
    • 590 24 Feb 25 The UOB Group is tapping the capital market for up to $450 m to finance its expansion plans through the issue of five-year bond-cum-warrant issues with a face value of $200 m each. Guthrie GTS Ltd has increased its stake in L&M Group Investments Ltd to
      590 words
    • 479 24 Current Ex Baaks Oat* Total far Total for paymaat date dote payabto tka yaar last yaar AMFFT 42* (e) Feb 7 Feb 21 Feb 28 7 7* 5 75* A»an Find USlOt(b) Mar 10 Mar 20 Mar 30 US10C US10C Aww 20c 125*TE Mar 3 Mar 13 May
      479 words
    • 531 24 Company Rights Issue Manet Tadi One-torone fe >100 pm shaft Saltan Issue of {90 978m normal amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the basis of $2 nominal amount of Bonds tor every three mist** shares held Every S2 nominal amount of
      531 words
    • 48 24 Conversion Special Trdg Scripiess Conversion deadline Period Tradfag Company starts (I DP) (ST) starts Jacks Int Jan 29 Feb 20 Jan 29 Feb 20 Feb 21 Hai Sun Hup Apr 1 Apr 23 Apr 10 Apr 23 Apr 24 SPH NY A Times Pab NY A
      48 words
    • 84 24 PJ Development Hokfings Bhd: EGM at the registered office, No 21 23, Jalan Hussein (Ground Floor), ***** Ipoh, Perak Darul Rtdzuan, Malaysia, on Friday, Feb 28, at 10.30 am Golden Frontier Bhd: 19th AGM at Bayan Room, Hotel Equatorial, No. 1, Jalan Bukit Jambul, ***** Penang, on Friday,
      84 words
  • 607 24 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve as
    607 words
  • Page 24 Advertisements

  • STOCK EXCHANGE OF THAILAND
    • 2132 25 Reuter FURTHER declines among major banks and an unexpected drop in the price of Bangkok Land dragged down other sectors, brokers said. The SET Index fell 10.48 points to 799.97 on a turnover of 8.04 billion baht. Bangkok Land said
      Reuter; SOURCE: PONT DATA  -  2,132 words
  • JAKARTA STOCK EXCHANGE
    • 1214 25 Reuter STOCK PRICES slipped yesterday in quiet trading of just over five million shares as the market continued to consolidate after what brokers said were excessive rises in recent weeks. The index ended down 0.89 points at 280.30. "Basically the market is still consolidating.
      Reuter  -  1,214 words
  • Page 25 Advertisements
    • 15 25 Read Chartpoint, a guide (o investing in the stoek market. Every Saturday in Business Times.
      15 words
    • 94 25 1 iw*' i" <: s.T? i w f' s v x S .;> •> »•*?> c t *> V V* fc$i 1- ><•.. Wv- rvtfjK yr°y :M > «f c. BHiiigWa J BOKMHPPfflsTll i* 5 1. i ;1 A. J' 5; -v». y r* v Bp 'Mm*®* <. ,7 i;:
      94 words

  • TOKYO STOCK EXCHANGE
    • 2604 26 Reuter STOCKS jumped to close near their day's highs yesterday, the first trading day for March delivery. Brokers said futures-linked buying and aggressive targeting of cheaper issues by dealers helped buoy prices, while continuing hopes of a discount rate cut underpinned sentiment. "The start of
      Reuter  -  2,604 words
  • STOCK EXCHANGE OF HONGKONG
    • 2538 26 Reuter THE Hang Seng Index ended yesterday at a record high on renewed buying of blue chips fuelled by expectations of good corporate results in coming weeks. The blue-chip Hang Seng Index closed at a record 4,794.71, up 34.51 points from the previous
      Reuter  -  2,538 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2305 27 Reuter THE SHARE MARKET closed slightly down yesterday after an active day in which investors shuffled stocks ahead of an economic statement by Prime Minister Paul Keating. The market opened to slight gains but by noon fell into negative territory and was kept
      Reuter; SOURCE: PONT DATA  -  2,305 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks end lower for third straight day
      • 787 27 STOCKS slumped through the 630 technical resistance point on the way to their third consecutive decline as pessimism pervaded the market yesterday, brokers said. They said tight liquidity, pre-election jitters and selling pressure from margin accounts about to fall due all pressured the market. "Investor sentiment was frozen on
        787 words
      • 449 27 STOCKS closed lower after volatile, fairly active trading yesterday in which small-capital stocks came under heavy selling pressure but financials were relatively strong, brokers said. The weighted index ended 36.23 points lower at 4,951.50 on turnover of NTS36.B billion against Tuesday's NT542.7 billion. Brokers said some investors worried about
        449 words
      • 509 27 SHARE PRICES closed mostly lower yesterday as buyers held back to assess their next big move ahead of clearer signals on who might win the Philippine presidential race in May, brokers said. Manila's composite index slid 21.67 points to close at 1,193.48, nearly erasing Tuesday's 26.84-point gain. Trading was
        509 words
      • 291 27 Reuter SHARES ended flat but withstood a 25-point fall on Wall Street on moder- ate volume. There was still much interest in sec-ond-liners, particularly Air New Zealand, after radically improving its position with a NZ556.08 million sixmonth net profit. Another plus for Air NZ was news that Brierley
        Reuter  -  291 words
      • 49 27 Clow PrertoM Feh 26 MEW ZEALAND NZSE-40 Capital 1.500.87 1.501.43 -0.56 MAHfLft Composite Index 1,193.48 1,215.15 -21.67 Turnover (million) 856.6 309.4 -970.6 TAIPEI Weighted Price Index 4,951 50 4.987.73 -36.23 Turnover (NTS billion) 36.8 42.7 -5.9 SEOUL Composite Stock Index 621.42 632.07 -10.65 Turnover (billion won) 206.67 230.6 -23.93
        49 words

  • WORLD STOCK MARKETS
    • Dow tumbles from shaky record high
      • Article, Illustration
        1722 28 STOCKS closed sharply lower in heavy trading on Tuesday on selling triggered by a dramatic decline in consumer confidence, knocking the Dow off its shaky record peak. The Dow Jones Industrial Average, which inched up 2.23 points to a record high of 3,282.42 on Monday, tumbled 24.59 points
        1,722 words
      • Article, Illustration
        956 28 A FALL on Wall Street drove share prices lower on the London Stock Exchange on Tuesday, where the absence of an expected interest rate cut had also depressed the mood, reversing earlier gains. The blue-chip Financial Times Stock Exchange 100-Share Index, which rose 17.4 points on Monday, fell 12.9
        956 words
      • 203 28 THE STOCK MARKET opened the day higher on Tuesday, but shifted onto a downtrend later in the session to end the day with a loss, operators said. The DAX spot trend index lost 6.80 points on the day to end at 1,722.30, while the Commerzbank indicator dipped by 1.3
        203 words
      • 382 28 THE BOURSE snapped a six-day winning streak as a broad-based bout of profit-taking gathered pace when Wall Street slid under the impact of weak US consumer confidence figures, dealers said. The CAC-40 index, which had risen almost 6 per cent since Feb 17, added another 10 points on Tuesday
        382 words
      • 159 28 PRICES on the bourse closed broadly, weaker in thin trade after S-E-Banken's: 1991 results failed to inspire investors, dealers said. The bourse's general index fell 0.4. per cent to 918.70 on turnover of 311 million crowns, while blue chips fell 0.08 per cent on average. Dealers said the slow
        159 words
      • 242 28 STOCKS shrugged off gloomy news on US consumer confidence to end mixed as caution prevailed before the federal budget, dealers said. A plunge in US 1 consumer confidence hit Wall Street for a 25-point loss but had little effect on Canadian stocks. The TSE 300 Composite Index unofficially closed
        242 words
      • 683 28 Feb 25 Close Previous NEW YORK Dow Jones 3,257.83 3,282.42 -24.59 SAP 500 410.45 412.27 -1.82 Turnover (million) 210.3 181.3 +29.0 LONDON Financial Times 30 1,989.8 1,999.7 -9.9 FTSE 100 2.546.8 2.559.7 -12.9 Turnover (million) 473.5 440.5 33.0 FRANKFURT DAX Index 1,722.30 1,729.10 -6.8 AMSTERDAM EOE Index unav 303.86 PARIS
        683 words
  • Page 28 Advertisements
    • 33 28 The market reports for Amsterdam, Milan, Zurich, Brussels and Johannesburg were not available. Tuesday's dosing prices are compared with Friday's as Monday's prices were not available Innovation Technology in Business Times every Tuesday
      33 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1187 29 REPORTS Reuter <.mk Tokyo: The dollar kept a steady tone against the yen and the mark in late Asian trade yesterday, dealers said. The dollar recovered part of its losses from earlier profit-taking, but trade remained stuck within a tight range
      Reuter  -  1,187 words
    • 374 29 Cross rites USS SS MS Dm Yen SFr AS NZ$ USS 1.6460 2.5950 1.6590 129.80 0.5754 1.5060 1.3316 1.8484 SS 0.6075 1.5765 1.0079 78.8578 0.3496 0.9149 0.8090 1.1230 MS 0.3854 0.63 0.6393 50.0193 0.2217 0.5803 0.5131 0.7123 Dm 0.6028 0.9922 1.5642 78.24 0.3468 0.9078 0.8026 1.1142 Yen
      374 words
    • 535 29 Interbank rates SS BM Offer Overnight 3 3 1/8 1-month 3 5/16 3 7/16 2-month 3 3/8 3 1/2 3-month 3 7/16 3 9/16 Overnight mode: 3-1/2 US> BH Offer 7 days 4 1/16 4 3/16 1 month 4 1/16 4 3/16 2 months 4 3/16 4 5/16
      535 words
    • 410 29 Reuter TAIPEI Taiwan's central bank will strengthen efforts to control liquidity in the banking system now that money supply growth has accelerated to its fastest rate in 33 months, commercial bankers said yesterday. But the central bank had limited room for manoeuvre
      Reuter  -  410 words
    • 257 29 Reuter WARSAW Poland devalued its currency, the zloty, by 12 per cent against a basket of five Western currencies on Tuesday, the National Bank of Poland (NBP) said. The move, aimed at boosting exports, reduced the zloty's value against the dollar by 10.46
      Reuter  -  257 words
    • 1153 29 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Mar 92 95.70 95.72 95.69 95.71 3500 ***** 4752 Jun 92 95.40- 95.43 95.38 95.41 ***** ***** 7580 95.39 Sep 92 95.04 95.11 95.04 95.07 8000 8768 5498 Dec 92 94.36 94.42 94.36 94.40 2200 5803 2167 Mar
      1,153 words
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  • COMMODITIES
    • 373 30 AFP KUALA LUMPUR Malaysia's tin output fell to a post-war low last year as more miners quit mining, their confidence shattered by the commodity's uncertain future, officials said on Tuesday. Last year's production shrank 27 per cent to 20,710 tonnes against
      AFP  -  373 words
    • 313 30 AFP PARIS The overall investment needs of the world oil and gas industry in the current decade may be as high as US$l.B trillion (Ss3 trillion), according to estimates presented at a meeting of experts from 46 oil producing
      AFP  -  313 words
    • 827 30 REPORTS MALAYSIAN crude palm oil prices finished higher yesterday on further covering interest that reflected a firmer futures market, dealers said. Sentiment was buoyed by news that Egypt is tendering for 20,000 tonnes of RBD palm oil for April arrival. Tightness in nearby
      827 words
  • 1420 30 Rubber Feb 26 S cents/kg Noon Ooae Int 1 RSS Prompt I33.7VI34.75N I33.2V134.25N Int I RSS Mar 92 133.75/134.75 133.25/134.25 Int I RSS Apr I33.5<VI34.00 133.00/133.50 Int 2 RSS OP 131 50/I32.50N I3I.OQ/I32.00N Int 3 RSS OP 131 00/I32.00N 130 50/131.SON Int 4 RSS OP 129.00* 130.00N 128 50/129
    1,420 words
  • Page 30 Advertisements
    • 655 30 _B_U_S_j NESS TIMES Toll fr— T1 No 737 0043 -Fax No: 734 3698 OFFICIAL NOTICE We, Aiutasia Maritime Pie Ltd of 200 Cantonment Road •16-01, Southpoint, Singapore 0208 hereby give notice that in of reallocation of name we have applied to the Registrar of Singapore Shi pa, under Section 386
      655 words
    • 8 30 Personal Finance Investment in Business Times every Saturday
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  • 1237 31 c*» n** wtk nm no MmM GA887 1415 GA894 2015 MaiaMa QF5 2010 SQ228 2040 fcaafcltfaai SQ23 0700 GA894 2015 KL833 0955 KL834 2325 GA975 1525 tadrtaa4 BA11 1225 SQ285 2215 GF148 0915 GA525 1450 %mi ll—ii— BJ453 1105 SO182 0915 SQ181 1410 Bi96 1440 BU29
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  • THE TRAVEL PAGE
    • 624 31  -  LETTER FROM DALAT SjfJTjfS By Kathleen Callo THE Vietnamese mountain town of Dalat, once an elegant French colonial resort, is shaking off years of isolation and neglect to attract foreign tourists. A Hongkong company is renovating the 18-hole golf course that was a favourite haunt of Vietnam's
      624 words
    • 152 31 As at 3 Dm vesterdivi Local dollars to oae unit of foreign currency Currencies Bid Offer Australian dollar 1.2312 1.2480 Canadian dollar 1.3744 1.4022 NZ dollar 0.8816 0.9172 Sterling pound ***** 2.8880 US dollar 1.6430 1.6510 Local dollars to 100 uhs of fnreiga curacy Austrian schilling
      152 words
    • 68 31 Duration Title Venue Organiser Td Duration Title Venue Organ tier Td Mar 28 International Bah, Italy Fiera Del (39)80/*****2 Apr 7-12 International Helsinki, The Finnish Fair *****5091 Apr 5 Fair for Leisure, Levante '992 Building Fair Finland Corporation 1992 Sports A Tourism Apr 9-IS British NEC, Centre
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  • Page 31 Advertisements
    • 45 31 It's amazing the lengths Finnair goes to For just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price. Check with your travel agent or call *****77 for more details. We bn Earape ban Mart to hnriL
      45 words
    • 24 31 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 749-2577
      24 words
    • 52 31 The New Paper special guide for school leavers Singaporeans with unusual careers One rubs shoulders with stars. Another was inspired by British punk rockers. Yet another is a woman who may match Sylvester "Rambo" Stallone. How you can do jobs like theirs. Today in AKPAGECMIERCHoitt 1 [jffBPM New, News, Newsy
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  • Page 31 Miscellaneous
    • 291 31 /VCHOS3 R E I B I IJ 1 B 1 Hurry, put one's foot Jj^ 10 Lady before noon is in the employment department 15 Flighty character (6) 16 Right part of garment re- moved in a comic sketch to I I I I I I P® I Scores ten
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    • 178 31 Singapore Outlook: Showers over a few areas in the afternoon. Report Maximum temperature 31.9 Assoc humidity 59% Minimum temperature 23.8 Assoc humidity 82% Hours of sunshine 8.30 Rainfall in mm. Trace Rainfall this month 62.4 Rainy days this month 4 Ul nr |J lnran«»t won a Torecasi Asia-Pacific Hl/Lo* Cond.
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    • 23 31 IliMiSirti /I'LL GO R&StNCC MfIKCS I \rOISS PteTrN oc KuCXNftPHOft) lUCftgT GftQh) PQNPCR-i g \IS INTHC omcfc NEXT DOQg...y CUPSQgp J I 8681
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  • 492 32 Uncommitted vote of 3 lpc may be another sign of trouble Reuter SIOUX FALLS, South Dakota US President George Bush ran into a surprisingly large protest vote in the South Dakota Republican primary on Tuesday, while war hero Bob Kerrey comfortably won
    Reuter  -  492 words
  • 377 32 Reuter KUWAIT Warpianes from Kuwait's Gulf War allies roared over Kuwait City yesterday in a spectacular flypast to celebrate the first anniversary of the day the allies chased fleeing Iraqi troops out of the emirate. Thousands of jubilant Kuwaitis waved flags and
    Reuter  -  377 words
  • 289 32 AFP BEIJING Kazakhstan and China have signed a number of economic accords dealing notably with investments and transport, Kazakhstan Prime Minister Sergei Terechtchenko said here yesterday. He told a press conference that an agreement had been signed to allow Chinese entrepreneurs to set
    AFP  -  289 words
  • 219 32 AFP WASHINGTON The Palestinians have slammed an Israeli proposal for self-rule in the occupied territories at the fourth round of regional peace talks here. Chief Israeli negotiator Aliakim Rubinstein revealed on Tuesday that his side had presented "rather elaborate ideas" for self-rule in the
    AFP  -  219 words
  • 747 32  -  The Bottom Line GARY BECKER GARY BECKER The writer is a professor of economics and sociology at the University of Chicago. Reproduced from Business Week International by special permission. Copyrighted by McGraw-Hill, Inc. All rights reserved. Attention on both sides of the Pacific is
    747 words
  • 182 32 Reuter TOKYO Japanese opposition parties, unhappy with parliamentary testimony from two witnesses about a political bribery scandal, insisted yesterday that two central figures be summoned. The move could mean more trouble for Prime Minister Kiichi Miyazawa, who had hoped finally tt put scandal behind
    Reuter  -  182 words
  • Page 32 Advertisements
    • 132 32 on 's Finest Photographic System The rare perfection of Patek Philippe at The Hour Glass. II^PBSSP* Choosing a timepiece should quisite features that hallmark be a relaxed and comfortable each Patek Philippe Especially when you're collection. After all, we considering the rare per- connoisseurs.And our The Hour you're collectors. to
      132 words
    • 68 32 KHAW AND SONS Specialist Teachers of Chinese Art. f CHINESE PAINTING AND CALLIGRAPHY by experienced Chinese and local artists. Lessons feature: Chinese Brush Painting Water Colour Painting Calligraphy Seal Carving Art Appreciation Latest Auction Prices Preservation of Paintings Every Sunday 3tospm at $180 per month. Mandarin classes for adults and
      68 words
    • 117 32 USEE Investment Opportunity P"3prime ~s\ BRISBANE \REAL \S.jESTATE I We can offer you the best selection of prestigious residential investment opportunity in Australia's fastest growing state. Talk to us aoout Ckmdland townhouses, apartments, units and penthouses. Brisbane's most exclusive and secure residential development is just 5 minutes from the city.
      117 words

  • Shipping Times
    • 406 33  -  Company also considering new shuttle service to Middle East By Dexter Lee SINGAPORE Buoyed by growing demand from both Europe and Asia-based main line operators, Sea Consortium is expanding its weekly services from Singapore to the Indian sub-continent. The home-grown common feeder carrier is
      406 words
    • 226 33 Reuter LAGOS Nigeria's main sea port was paralysed on Tuesday after police used tear gas to break up fighting between rival groups of dock workers, an official said. "There is no work going on at the port," a Nigerian Ports Authority official at
      Reuter  -  226 words
    • 680 33 NYT SINGAPORE Amid growing suspicions that Taiwan's effort to take a major stake in America's secondlargest commercial aircraft maker may be unraveling, a senior executive of McDonnell Douglas Corp said on Tuesday that it "might well turn out" that other Asian
      NYT  -  680 words
    • 872 33 Pace Col ABC Containerize 12 I Accord Group 8 1-3 APL 5 3-5 APC 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
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    • 332 33  -  By Rahita Elias SINGAPORE Shipping major American President Limited (APL) yesterday signed an appropriated berth agreement with the Port of Singapore Authority (PSA). The new accord, which will last for a period of one year, was signed by Commodore (Res) James Leo, PSA's
      332 words
    • 255 33 UPI SACRAMENTO California's top law enforcement official urged President George Bush on Tuesday to veto a plan that would allow casinostyle gambling on US ships about 5 km off the state's coastline. Attorney General Dan Lungren said the proposal would attract organised
      UPI  -  255 words
    • LOG BOOK
      • 57 34 LONDON The Panamanian vessel Lily Alice issued a Mayday signal on Monday 145 km east of Okinotorishima, Japan, Lloyd's Intelligence Service quoted a press report as saying. The 11,599 dwt vessel is bound for Tokyo with a cargo of logs. Aircraft and patrol
        57 words
      • 61 34 LISBON Portuguese ship repairer Lisnave Estaleiros Navais de Lisboa SA said it will sign an agreement with Spain's state shipyards Astilleros Espanoles SA to establish a new Iberian ship-building and repairing group. Lisnave said in a statement the two companies would sign an agreement creating the
        61 words
      • 52 34 LONDON Feb 25, Reuter The Swedish tanker Vinga Star has restarted one engine and is proceeding to Falmouth for repairs, Lloyd's Shipping Intelligence Service said. The 11,868 dwt tanker broke down on Wednesday morning and was drifting approximately 10 nautical miles off the English
        52 words
      • 85 34 LOS ANGELES Cholera infections have been confirmed in 24 people who were on an Aerolineas Argentinas flight from South America to Los Angeles, state health officials said. At least 50 other US passengers from the Feb 14 flight from Buenos Aires have complained of diarrhea and
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      • 35 34 LONDON The 24,950 dwt Bahamian tanker Lincolnshire completed repairs to the satisfaction of the surveyor and US Coast Guard and left Savannah, Georgia on Feb 22 for Mexico, Lloyd's Shipping Intelligence said.
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      • 91 34 NEW DELHI India has proposed raising railway freight by 7.5 per cent for all items except essential goods and an increase in passenger fares to mop up 13.66 billion rupees in fiscal 1992/93. Presenting the railway budget to parliament, Railway Minister C K Jaffer Sharief
        91 words
      • 57 34 NEW YORK Lucas Industries PLC's Lucas Aerospace unit said it won a contract from Boeing Co's commercial airplane group to design and produce the powered door opening system for the Boeing 777 jet. The system opens the engine fan and thrust reverser cowls and is fitted
        57 words
    • 852 34 THE DRY cargo freight market remained depressed, but the time-charter sector showed moderate activity with rates edging higher, brokers said on Tuesday. But single voyage rates were still lower and demand for March vessels was slow to emerge, they added. The Baltic Freight Index fell two points to
      852 words
    • 733 34  -  In the second part of his article, Joseph Bonney looks at the strained relationship between the carriers and the shippers Joseph Bonney SHIPPER councils in Asia's "Little Tiger" nations are often regarded as paper tigers. Although the councils dispute that charactcrisation, the record indicates that carriers and
      733 words
    • 797 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
      797 words
    • 7036 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      7,036 words
    • 3351 47 A™ Agencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business C orporation Philippine Calsource Shpg A Trdg Pte Ltd (S) Ahrcnkiel Uaer Service Kim Shpg Trdg(S). Albatros Sea-Air Service Frata Shpg Pte Ud (SX Alfred C Toepfcr
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    • 255 47 Abacus Couriers Tel: 545-8011. Fax: *****98. Air Express Travel Td: 533-5771. Fix: *****44 Airborne freight Corporation Tel: 542-8844 Fax: *****16, *****80. Airswift 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 Liak Supplies Services Tel:
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    • 1518 47 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activmir Singapore Tel: 542-7821 Fax: *****20. Aeroiiak Freight International Td: 545-8033TFax: *****05 Tel*42-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fix: *****06. Air Express International Td: 542-7666. Fax: *****74, *****50. Air Market Express Td:
      1,518 words
    • 3106 48 ARGENTINA Labour situation has remained quite this week. Buenos Aires: Port busy with most general cargo berths occupied; no delays. Villa Constitucion: No vessels in port/ roads/due. San Nicholas: Three vessels berthed of which I loading steel products, I discharging fuel oil, 1 awaiting berth. Nccochea: A national
      3,106 words
    • 560 48 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To > TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 1 BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
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    • 1097 48 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers El Defauitero: 131,260 dwt and built Jan 1974 Nippon Kokan, offers including time-charter till Aug/Oct 1992 at U5514,553 per day nett. Josteite/ Endeavor each 122.971 dwt and built 1975/1976 Nordseewerke, inviting best outright ofTers. Emma D P Second*; 54,562 dwt and
      1,097 words
    • 619 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Name of Vessel ETA L IT) Ports of Calb Pott Agent FEB 27 27 Royal Pacific 1000 1800 Sin-Jakarta Ocean Trade Chartering 28 28 Song of Rower 0800 2230 Sin-P Tioman Neptune Agencies 29 29 Asean World 1000 1800 Sin-Phuket Sembawang Johnson MARCH
      619 words
    • SHIPS IN PORT
      • 637 49 Vrod fry No tmfk km* Depgtae Vnrt Voy Ho' B«rth Vm* Dyirtif« MmJ.. Tm hi In a I 1 Orange Moon 22 S06 alongside 26.02/1700 AfaadiJaya 92/03 M02 alongside 26.02/2300 tb JjJ 55/32 JS'/IS Batam Murni *****2 M03 alongside 27 02/0500 Rox j® jJS{25 WM/73M Batam Sayai*
        637 words
      • 228 49 i KHWfC rOn Berth: 1: nil; 2: Bangtumpoo, 3: Kota Benar; 4: United Glory; 5; Barge Munar 2; 6: nil. 01 jetty: nil. DC* Kyoei Maru L Due en Feb 26: Bow Fortune, Global Uranus, Jati, Bunga Mas. Ping Jang, Jebel Ali, Barge Josmdo Satu, Esprit. Owe
        228 words
      • 1058 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bockin/Batance Rdh Sty Voy No Etb/Btr Period From To From ACX Daisy 238 28/1800 2 26/1700 27/0659 27/0900 3 27/0700 27/1159 27/1400 4 27/1200 27/1459 27/1700 Ante 33W 28/0800 2 26/1700 27/0659 27/0900 3 27/0700 27/1159 27/1400 4 27/1200
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    • 699 50 Reuter SASSNITZ, Germany A daring plan to build Europe's biggest shipyard off the scenic German Baltic island of Ruegen has caused a bitter row among its inhabitants. Some islanders argue it is time to sacrifice Ruegen's splendid isolation in exchange for jobs to end
      Reuter  -  699 words
    • 268 50 Reuter MONTEVIDEO Uruguay is planning to operate the first regular airlink between the South American mainland and the Falkland Islands since Britain and Argentina went to war over the islands in 1982. Director of the state airline Pluna, Mr Juan Bugallo, said
      Reuter  -  268 words
    • 307 50 Reuter BRUSSELS The European Commission was to fine Irish state airline Aer Lingus yesterday for trying to kill off a challenge by British Midland Airways to its virtual monopoly of flights between Dublin and London, Commission sources said on Tuesday. It would
      Reuter  -  307 words
    • 277 50 Reuter LIMA President Alberto Fujimori, whose government is stepping up a privatisation programme, said Peru would be willing to sell its entire holding in the state-run airline Aero Peru if it received an attractive offer. "Initially we had thought of a partnership but
      Reuter  -  277 words
  • Page 33 Advertisements
    • 8 33 tor athertisinx enquiries, contact Shipping Times lei 740-2059/740-2090
      8 words
    • 174 33 You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. For other reasons, send in your subscription now The Straits Times Making an issue of the major issues M|| ,IJJ .11 ,i 1 hh AIRMAIL SUBSCRIFnON RATES 1 I AodreaK 1 Caw*y*(afrad|*nt> 12
      174 words
    • 40 33 Your son is studying overseas. And you want him close to home -with news from home. To your principals and business associates overseas, it's assuring that Singapore is great for business. The Straits Times Weekly is like a country report
      40 words
    • 302 33 the jg FAMOUS n JJUBOPf ■iMIIIgm 224 1833 For more information pleane refer to P|. 13 SUMMARY Conferences against snippers councils SHIPPER councils in Asia's "Little Tiger" nations are often regarded as paper tigers. Although the councils dispute that characterisation, the record indicates that carriers and conferences do not always
      302 words

  • Page 34 Advertisements
    • 44 34 j OPPORTUNITIES H A tn The Straits Times Classified for U Jl IVfMI II g those with business opportunities jijj II llwll I to offer. To strike a deal, U lmil call C.A.T.S. at 737-1166 T§vf M ■J Wl to place your offer. ImmSl
      44 words

  • Page 35 Advertisements
    • 2398 35 oocl (S) pte ltd jaroine shipping agencies *****11 FAX: *****09 \HKMw BOOKINGS TEL: *****234 *****56 ■llllf TERMINAL/CFS TEL: *****218 220 (TBAAAATI pesaka jaroine shipping agencies son. bho. L wWw A PORT KELANQ TEL: *****18 FAX: *****91 *****88 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated to Uuality service ipoh
      2,398 words
    • 1929 35 TRANSPORT DIARY Mar 10-14: Cruise Shipping 92 Conference Exhibition, organised by Seatrade at Miami Beach Convention Centre. Miami Beach. Florida. USA. Mar 19: New International Trade Terms and Rules of Shipping Practices Seminar, organised by Elim Management Services. For details, please contact tel: 292-5670 or fax: 298-1804. COURSES Mar 2-Jul
      1,929 words

  • Page 36 Advertisements
    • 1370 36 "I R OAM/ VOY NO S PORE JEDOAH S'HAMTON H BURG ANT LE HARVE t* HAMBURG EXPRESS 07/108 27/2 7/3 21/3 17/3 1675 MMH TOKIO EXPRESS 04/308 1/3 18/3 20/3 23/3 24/3 BMlf KATSURAQI 10/109 5/3 14/3 28/3 24/3 23/3 THAMES 10/309 8/3 25/3 27/3 30/3 31/3 MINMRMD LA SEINE
      1,370 words
    • 749 36 StASPAC HHYICI COWTAmm u miimiii I DttECT SOUTH PACftt SERVICE SIN NCHJ SUV PPT IMPERIAL 3202 EB IN PT 12/3 15/3 20/3 PALEMBANO 3301 EB 2S-27/3 7/4 10/4 14/4 Traiwrt Time (13) (10) (22) ALSO ACCEPTMG CARGO VU SUVA TO LAUTOKA. PAGO PAGO. APIA. NUKUALOFA. P. MLA FASTEST SERVICE TO
      749 words
    • 1572 36 I iamwa w REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE WL/VOY m ALG BCL HAN BRE ROT ANT FR LNA («U (VIA (VIA *6) HMI) HOT) CHMA SEA 151W 01/03 23/03 25/03 29/03 30/03 31/03 01/04 02/04 03/ M NORASIA AL MUNTAZAH 9201-3 OR/03 01/04 03/04 04/04 05/04 M/
      1,572 words

  • Page 37 Advertisements
    • 1912 37 STRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 Sanford Building Singapore 0208 Tel: *****88 Fa/: *****17 ACCEPTS MJC SM.S C«SO SPOK B'KOK STRAITS VENTURE VOX Muara. lab, KK 28 29 Feb 01 Mar 02 Mar PEGASUS PROGRESS V.706N 24 29 FEB 03-04 MAR RAJAH BROOKE VOCE Muara. lab. KK
      1,912 words
    • 2448 37 m SINGAPORE AGENT: pAtItQIYIPI*C P4O Containers (Singapore Agencies) Pte Ltd JL V>UlliClllivl O Id Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 Tel: 225 2233 Tetex: RS ***** PNOC3P Fax: 225 5327/222 7517 < CR Number: **********0Z export import VtMCL VOY 'H® 'KQ MM ALO SOU ANT HOT
      2,448 words

  • Page 38 Advertisements
    • 541 38 CR NBA **********0- D EXPRESS SEMI CONTAJNEASHIP SERVICES TO EUROPE VSL/VOY SPORE ROAM ADAM H'BURG BREMEN Ml TWERP MATWAM 31*6 3/3 5/4 10/4 14/4 17/4 SAMAMYA/34W8 15/4 18/5 23/5 27/5 30/5 MJTAI/25W8 2/5 5/6 10/6 14/6 17/6 FAST TRANSIT THE ACCEPTING BREAKBUUC/CONTAINEMSEO CARGO Syfeioct to Inducwniot Also icc#ptifiq cflfQO to
      541 words
    • 1385 38 HANJIN SHIPPING m VS. SM UK HAUL ISB OAK FOB ML |LBt HBML SAV 111 «TC HMUBI HAMBURG IBS 1/3 DMECT 22/3 25/3 HMUN OEM 87SE 2/3 H. MWTOBR 83* 8/4 18/4 12/4 HMUH ELIZABETH BB3E 8/3 OBKCT 28/3 1/4 HMUN KRANGTANG BBBE J/3 H TOROIRMA 838E 18/4 17/4 18/4
      1,385 words
    • 1226 38 l^mrzA-TT|^ Irn xr lit w it oa n w no iu at u nc im n iw m am nl I ICRM9M4M hft 1/1 4/3 9/1 lt/3 12/3 U/3 14/1 U/3 77/1 1/4 It/4 11/4 21/4 H/4 21/4 14/4 8/4 VS IVS 19/9 29/5 OKI M4M 3/3 4/3 */3 11/3
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  • Page 39 Advertisements
    • 2007 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 FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 mm UK/EUROPE SERVICE *****89 IMPORT CFS MB2: *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 *****53/*****50 •Wf NEPLINE SDN BHD
      2,007 words
    • 940 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQURIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES I EASTBOUWD-DgCWKONG NESTBOUND-LOAOW6 THANSHPPCD WA ROTTERDAM vor |aw IE
      940 words

  • Page 40 Advertisements
    • 1590 40 AS AGENTS: KAWABAM SINGAPORE (PTE) LTD (CR No: 1244I*****0M) W W tel *****77 TELEX: KAWAKIRS23I6S FAX: *****07/B^9 i I > I r%| mi j MALAYSIA: "K" UNE MARTTIME (MALAYSIA) SON BHD 1 JL aßb* md JL U 4 TEL SA *****00 PK*****01/5 PENANG *****0 JB *****1 ■MHi KAWASAKI KISEN KAISHA,
      1,590 words
    • 1064 40 PHIU-ORICNT LIN€S PTC LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 CnO BY AIR, LAND OR SEA.... /fRk JiSu WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRJUJAmW ZEALAND/%OUTH HkOFtC FCULCL WWM 29 FEB SYDNEY, MELBOURNE.
      1,064 words

  • Page 41 Advertisements
    • 1159 41 SSSSDII PACIFIC INTERNATIONAL LINES (PTE) LTD g 140 Qecii street, #03-00 PIL Building, Singapore 0106. Tel: *****33 r C^^ooB^7oooQE (JAKARTA —I BANGKOK ~l VESSEL VOY SW JKT Ml 2J* y°T. BUNOA TERATAI 093 1/3 3/3 3/3 KSfWOe 1/3 4/3 3/3 c/ M/ KOTA SURIA KSR2OS 1/3 EQUATOTMAS MN 4/3 6/3
      1,159 words
    • 1263 41 EacßenV F CLASS CONTAINER TRANSPORT FEEDER VESSEL PENANG P KELANG OCEAN VSL/VQY SIN SOU (1) RTM (2) HAM (3) GOT (4) ANSON/TBN 28/2 28/2 BENALOER 2082 3/3 20/3 22/3 23/3 25/3 ANSON/TBN 6/3 7/3 TOYAMA 2092 10/3 27/3 29/3 30/3 1/4 ANSON/TBN 13/3 W3 AROSIA 2102 17/3 3/4 514 6/4
      1,263 words
    • 496 41 M MYANMA wHBk FIVE STAR LINE w (Myanmar National Um) Loading for Yangon (Rangoon) S'por« P.KIj p«n P.Gdf AVA VII4N 7/ J Mar HPA-AN VI74W 12/15 Mar PA6AN VI SOW 19/21 Mar THE BANK LINE (A Mfvic* ol Andrew W*4r Shipping) Vi SEMI-CONTAINER SERVICE \> HEAVY LIFT CAPABILITY I EXPRESS
      496 words

  • Page 42 Advertisements
    • 574 42 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS turn wi n in m mm Turn n m sm SOU MMIk IS 1/3 k Pt mutt mr 22 sm 21/2 TMMK mm 1* 2/3 SUM 41 1/1 11/1 UAI Klir* 11 1/1 11/3 f. mm 11/3 rau« is/i
      574 words
    • 83 42 S pore P Kelang Loading for I |OS PIONEER 29/2 2/3 Rdm/Atw/UK/Nantes I ETWIOS 10/3 14/3 Casablanca/Rdm/F lushing/Atw/UK FURtA 15/3 11/3 Rdm/Atw/UK/Nantes I [Spore Loading for I UN HUI 2/3 Dubai/Doha/Oammam/Kuwait I PAN RISER 10/3 Dubai/Bahrain/Dammam/Kuwait I fmn 10/3 Aden/Hodeidah/Jeddah 1 LBE 15/3 Hodeidah/ Jeddah/Aqaba/Port Said I Loading for BET
      83 words
    • 112 42 800 Australia <fi Now Zealand Wftrtll!) Weakly LCL Consolidation Iby CARGOFLO. Singapore-Australia S Fremantle Adelaide Melbourne Sydney Brisbane Singapore-New Zealand C Wj Auckland Wellington Lyttleton 1 n m J New Plymouth Napier Chrlstchurch 1 jSi Te/:^27 0 W4/ mmm Fax: *****83 EUROPE/S.E.A. BREAKBULK SERVICE MR VESSEL JIN Bl BREMEN 7-10/2
      112 words

  • Page 43 Advertisements
    • 934 43 ■/•MS HEDLLOYD GIVES YOU VIETNAM WEEKLY FEEDER VESSEL PttKN OCEAN VESSEL SH LEH «TM<l) HMI(2) WV FU SOU GOT *S» L Jkt TA t fen SM STu». Artland Rjl(A) L (B) JE*® Sff 23"" B Seroia/832 W Bhum/560 29/2 27/2 Hermes Hope/2032 3/3 21/3 22/3 24/3 25/3 23/3 24/3 25/3
      934 words

  • Page 44 Advertisements
    • 786 44 TO AUSTRALIA/NEW ZEALAND iFram llMb |Sj4 lAuck fwi |P CMALM MARTHA •2M 4/3 IS/3 15/3 L 9/3 24/3 29/3 nilW HJW6 217 18/3 25/3 39/3 2/4 9/4 10/ i SRUSSEL 2M 12/4 19/4 23/4 77/4 3/S J/5 c vemiik ?w n/4 ITs »/s 10/s i«/s Ti/i TO USA/CANADA v 5
      786 words
    • 891 44 EXPORTS TO ittRWONG.'TAIWAN. UANR.A i JAPAN TWCf RQKIY UAIACCA STRAITS SfRVICf OUTBOUC VOY PKL PEN MJ SW MNL HK6 KAO KIE TTO Yo> SMZ WfiO KOB YtSSU VOY |SW |PKI PEN Nil AC> OMSY 238 "24 2 "2«2 25 2 2$J 3.3 S3 1>.3 11.3 113 12J AC I BIY
      891 words
    • 158 44 1 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPOtt P«T KELANS PENANS HUE JACE 10/3 loadini tor MM KUVAi HUH) 5/3 Loading tor Calcutta OOLPHN 1/3 27/2 Loading For kUK men sum mi s/s Loading For MM* OONAKULM 10/3 Loaded For Fekvaru PROGRESS IBEITT 29/2 in
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    • 1694 44 nia t a .a- 3^ CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MALAYS*! AGENTS SINGAPORE'S GENERAL AGENTS CHUNG CHIAO SWPPING SON BHD CO STAR SHPPMG PTE LTD PT GLOBAL W™ IL TEL: 442)091/17 FAX: *****92, ***** m INDONESIA MARITME muLic 6 *»i nJ L |AA TELEX- RS *****/1 COSHP
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  • Page 45 Advertisements
    • 650 45 fit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE *****33 24 LINES GUARANTEED 3 TIMES SAILING WEEKLY LCL SERVICES FROM KOBE OSAKA TO SINGAPORE VESSEL NAME |VOY NO lEX KOBE |EX OSAKA ETA SIN ACX LILAC 2A 01/03 02/03 10/03 ALLIGATOR AMERICA ***** 04/03 04/03
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  • Page 46 Advertisements
    • 1712 46 S'PORE IMPORT:' *****11 E^^/J 04 *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 PfN s 'N T/3 3/3 GWXC/U(WO Illi ||F 3 28/2 29/2 1/3 Syd/Mefc/Bri 28/2 29/2 1/3 Fromantto I 3/3 4/3 5/3 Auckland/Wlf/Chmtchurch fj^gggj^^/g/^ggj/ggg^gg^l
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    • 1070 46 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 COWVKIfnOWAL/COWTAIWgN I COMTAIMB. «RWCB SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL VfY O! Ml! VESSEL W "jpNt P. Hit
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  • Page 49 Advertisements
    • 34 49 a guide to investing in W'\Pfr "■Z-'t i-v; <* Z*" -aa. x s -Z*-~±? -■■■■•■•> i rtx l the Stock Market. i r.. Every v->• v. > Saturday in u» 'i--- v r ».x, Business v.. ■>. Times
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    • 234 49 m KYC LINE KYC CARGO SERVICES (S) PTE LTD BOOKINGS: HINDRAN/CALLIE/MEI MING TEL: 225 8555 FAX: 224 4427 U.S.A. 7/3/92 SYDNEY 7/3/92 (ALL INLAND PTS). MELBOURNE 7/3/92 AUCKLAND 5/3/92 BANGKOK 1/3/92 HONGKONG 2/3/92 4fl|t STAGER FREIGHT SERVICES PTE LTD ySfi} TEL: 275-3838 FAX: 274-1100 pft 03-*****60 PEN: 04-*****2 «JKT: 21-*****1
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  • Page 49 Miscellaneous
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  • Page 50 Advertisements
    • 1203 50 ■i N frW? I} Ifl) 11 4HYUND/VT MBHCHAWT MARINE EABTBOUNO FEEDER TO PACIFIC BQUTH-WEBT TO PACIFIC WORTH-WEST fHPq WT Wt W> lan Lit HAUL VOT KM) 11 OW SEA Lit HM* WT MO TCM/g* WL MM m 202 NUS 22/02 23/12 21/02 H. COMMNXJt 32 21/02 IS/03 IS/03 20/03 HMWM
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