The Business Times, 25 January 1991

Microfilm: NL17381
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Friday January 25 1991 75*
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  • NEWS SUMMARY
    • Article
      US raises limit for foreign ownership of its airlines
      67 1 THE AMERICAN Transportation Department is easing restrictions on foreign ownership of US airlines, allowing more investment of foreign capital at a time when the airline industry is financially strapped. The department announced on Wednesday that the ceiling on foreign ownership in
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    • Article
      Call lor more gradual removal of bases
      64 1 THE PHILIPPINE military yesterday urged a longer phase-out of US bases in the country because it will take more than 10 years for Manila to assume full responsibility for its own defence. "We need time to develop... a better defence capability that can
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    • Article
      Date for launch
      27 1 THE LAW Society expects to launch its professional indemnity insurance scheme by April 1 when lawyers' annual practising certificates will be renewed Page 4
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    • Article
      Robust oil outlook
      28 1 THE OUTLOOK for the oil industry seems more robust now than some years ago although there is more refining capacity in the region. Page 4
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    • Article
      Rethink on investment
      32 1 AS PART of a package of measures aimed at attracting foreign investment, Vietnam is planning to review the status of foreigners with business interests in the country. Page 8
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    • Article
      Still the promised land
      31 1 FOREIGN investors are still finding the US a good bet, but they are borrowing the money for the ante from Americans, say US financial analysts Page 9
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    • Article
      Market move
      24 1 CZECHOSLOVAKIA is taking a significant stride towards a market economy with its first auction of state-owned small businesses this weekend Page 9
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    • Article
      Williams awakened
      21 1 ACTOR and comedian Robin Williams is caught in a serious mood talking about his new movie, Awakenings. Page 15
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    • Article
      Soviet tie-up
      28 1 AERO MARINE Singapore is in a joint venture with Aerokonversia Moscow to market Soviet goods and promote tourism in the Soviet Union. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      58 1 WALL STREET share prices opened on the upside yesterday with the Dow Jones average of 30 leading industrials showing an 11.88-point advance, to stand at 2,630.94 points, five minutes after the opening bell. On the New York Stock Exchange, gainers were outnumbering losers by roughly five to two.
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    • Article
      Footsie higher
      41 1 SHARE PRICES on the London Stock Exchange were higher at midday yesterday. At about 1200 GMT, the Financial Times-Stock Exchange 100-Share Index was up 19.1 points, or 0.9 per cent, at 2,099.6. Volume at midday was 277.3 million shares.
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    • Article
      New faces at Sunshine
      19 1 SUNSHINE Allied has appointed a new board of directors and Ishwar Nahappan as chairman 5
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    • Article
      Berjaya to start work
      23 1 BERJAYA hopes to begin work on a MSSOO million Penang Hill project by the end of the year 5
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    • Article
      Banking casualty
      28 1 THE SINGAPORE branch of First City Texas-Houston is closing down its operations, the first local casualty of the much-publicised banking woes in the US P««e 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 589.05 +3.87 Kuala Lumpur ....479.44 0.68 Hongkong 3,140.50 50.10 Tokyo 23,269.01 +218.91 Sydney 1,268.5 +4.7 Wednesday Change New York 2,619.06 +15.85 London 2,080.5 -1.1
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    • Article
      CURRENCIES
      18 1 Exchange rates USS SS1.7310 Yen SSI.3134 MS SS0.6304 Money market rates Overnight 4-3/4 +1/8 3-montn 4-3/4% +1/4
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    • Article
      COMMODITIES
      34 1 London Gold am fix USS377.05 -US$0.85 SporcFeb !47.00«/kg -j-50 \fsia Feb 233.0'/kg -100 KL Tin Turnover.. 39 56tonnes-17 Spot MS 15.06 /kg -0.01 Crvdt palm oH Turnover 874 lots -610 Feb MS875/tonne +4
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  • Article, Illustration
    Lock icon Allies foil attack on warships
    621 1 Two Iraqi jets shot down, another retreats THE iiyLF WAR Agencies TWO IRAQI Mirage fighters were shot down yesterday by US jets while apparently trying to launch the first attack of the war on allied warships in the Gulf. A BBC correspondent aboard the British
    Agencies  -  621 words
  • Article
    Daily forex market volumes return to normal
    292 1 AFTER WEEKS of uncertainty and see-sawing volumes, the foreign exchange market has stabilised with the daily turnover returning to normal. Going into December last year, the average daily volume peaked at US$95 billion, but as the deadline for the Iraqi withdrawal from Kuwait
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  • Article
    Lock icon White House officially informs Congress of recession
    410 1 IHT THE AMERICAN Congress has been officially informed that the US is in a recession, which allows it to take the lid off government spending. But not a single political leader in Washington is ready to permit this, partly because the Gulf war
    IHT  -  410 words
  • Article
    At least $500 m stake in S'pore for Salim group
    282 1  -  By Suzanne Soh AT LEAST half a billion dollars have been pumped into Singapore by Indonesian tycoon Liem Sioe Liong. The bulk of it is in the unexpected purchase of a 24.S per cent stake in the listed United Industrial
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      227 1 We are now open at= J #01-09 Chinatown Point 133 New Bridge Road Tel: 534 0207/08 Aircraft Schedule 25 Money Changer Ra1e5...... 25 World News 9 Commodities 24 Money Market 23 World Slock Markets 22 Company News 5.6 Regional News 8 for market indices, editorial. Cryptic Crossword 25 Regional Stock
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      149 1 J VUI t IT's a most unlikely vacation wonders: whatever happened currency in 1990. What choice, but a week-long to the good old Pledge? about 1991? running camp in California's A look at some likely Jobs Sierra Nat Forests could scenarios once the ground Like Saddam Hussein, spring more than
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      Page 1 Advertisements Column 3
      103 1 Economic recover} in US will depend on duration of war, Pg 2 Japanese oil companies scramble to cover Saudi cargoes, Pg 2 Nathan Rothschild rides again, Pg 3 Japanese aid includes aircraft for evacuation of refugees, Pg 3 Saddam adopting classic defensive posture, Pg 3 Quick war may leave world
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      10 1 nSFlili©"©! u u MINOLIA Quadruple Zoom+Auto Two-Color. Analysis, Page II
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  • THE GULF WAR 1
    • Article, Illustration
      Lock icon Economic recovery in US will depend on duration of war
      534 2 Reuter THE long shadow of war helped push the US economy into a broad downturn by early January and recovery lepends upon how long the Gulf conflict lasts, branches of the US Federal Reserve Bank have reported. Senior government budget
      Reuter  -  534 words
    • Article
      Thais face interest burden from Iraqi bills
      255 2 THAI Commerce Minister Amaret Sila-on has hinted that he will ask the government to absorb the interest burden placed on exporters for Iraq's unpaid rice bills. The Bangkok Post reported that the interest added up to 1,800 million baht. Mr Amaret's suggestion follows
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    • Article
      Thailand sees no big impact on economy
      519 2 THAILAND'S economic performance is expected to match original projections in spite of expectations of a prolonged war in the Gulf. This is the view of Thai Finance Minister Banharn Silpa-arch following a meeting with top fiscal and monetary officials. The consensus at the
      519 words
    • Article, Illustration
      Lock icon Japanese oil companies scramble to cover Saudi cargoes
      701 2 Ban on ships sailing too close to war zone Reuter JAPANESE oil companies arc scrambling to find ways to load gas and oil cargoes from major supplier Saudi Arabia after ships carrying Japanese crews were banned from sailing close to the Gulf
      Reuter  -  701 words
    • Article
      Lock icon M'sia likely to be relatively unscathed by Gulf war
      522 2 Bernama T HE GULF WAR is expected to have a broadly neutral cfTect on the Malaysian economy, according to Baring Securities (Singapore) Pte Ltd director and Kuala Lumpur representative Nick Seaward. Any plunge in demand for manufactured goods from member countries
      Bernama  -  522 words
    • Article
      Indonesia confident about exports
      154 2 EXPORTS of food, building materials and textiles from Indonesia are not expected to be alTectcd by the Gulf crisis bccausc of their high competitiveness on the international market. Industry Minister Hartarto told The Jakarta Post that such products remained very competitive in overseas markets because of
      154 words
    • Article
      Lock icon Arab trade, stock market plans dealt a blow
      283 3 AFP THE Gulf crisis has hit plans by the Arab Monetary Fund (AMF) to boost trade among Arab countries and develop stock markets in the region. "Such plans have been suspended until the situation in the Gulf region returns to normal,' 1
      AFP  -  283 words
    • Article
      Lock icon Nathan Rothschild rides again
      767 3 Is history repeating itself as stock markets rise on war? Reuter PEARL HARBOUR, Suez, the Cuban missile crisis investment analysts are dusting off history books in the hope of second-guessing world stock markets if the Gulf War turns into a protracted conflict. "Buy on the bullets"
      Reuter  -  767 words
    • Article
      Lock icon Saddam adopting classic defensive posture
      380 3 Reuter IRAQ appears to be fighting a classic defensive battle against the allies, drawing on Soviet techniques it honed during the 1980s war with Iran, according to a top military analyst. "Saddam seems to be fighting a very clever defensive war," said Bob Hutchinson of
      Reuter  -  380 words
    • Article, Illustration
      Lock icon Business travel among Americans hit badly by conflict
      437 3 UPI AMERICAN corporate travel budgets began feeling the axe last year as recessionary pressures mounted, but now company officials and travel experts say fears and uncertainties brought on by the Gulf war arc exacting even more cutbacks. Across the country, decisions to
      UPI  -  437 words
    • Article, Illustration
      Lock icon Getting out of a sticky situation
      43 3 A heavy truck being pulled out of axle deep mud by a tank from the US Ist Infantry Division on Monday. Several days of downpour have turned the desert into fields of mud. Reuter picture Reuter picture
      Reuter picture  -  43 words
    • Article
      Japanese aid includes aircraft for evacuation of refugees
      515 3  -  From Koichi Ishiyama in TOKYO JAPAN yesterday offered US$9 billion and the use of military airplanes to evacuate refugees to help the multinational action against Iraq. But the package was offered only after serious wrangling within the Japanese government and ruling Liberal
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      Page 2 Advertisements Column 1
      205 2 "GREENSEAS"- 5,000 Tons, Length: 121 m, B: 21m A Floating Recreation Centre plrafr^BM Capacity: 800 Passengers Fully Aircon Recreation Facilities Restaurant \FI |*1 1 7 J^J Video Games Childcare Casino Jackpot Disco Live Band Others. Owner and Operator: GREENSEAS SHIPPING CO. PTE. LTD. 19 Lor 21 Geylang Singapore 1438. Fax:
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      213 2 NOTICE la the Matter tt The CMpMlea Act, Cap. ft Ami la the Matter at DRESSER-RAND SINGAPORE PTE LID (la Mem her*' Vthahry liqiMattaa) Plaal Meedag NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act, Cap 50 that the FINAL GENERAL MEETING of the members of the
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      76 3 FOR THE WORLD'S MOST TREASURED WATCHES CORUM ch tre hment in Singapore the world s most exquisite watches, na Watch Centre. d place to purchase heslikeCorum. :h-renowned for e in each of its four itoviewtheCorum jmiralsCupandthe tch. HCH CENTRE snoognM and ri by Comumers Amnion at Support TourtS Promotion tan)
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        PM Goh postpones trip to three countries
        54 4 PRIME MINISTER Goh Chok Tong has postponed his scheduled visit to Brunei, Thailand and the Philippines next month because of the current preoccupations with the Gulf War and its repercussions, said the press secretary to the Prime Minister. The visits will be rescheduled
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      • Article
        Traffic diversion
        106 4 THE Public Works Department will be diverting traffic along the stretch of River Valley Road between Liang Court and United Engineers building to facilitate the closure and removal of one carriageway of the temporary bridge which was constructed at River Valley Road during the construction of the Central
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      • Article
        SIA's eighth Megatop
        79 4 SINGAPORE AIRLINES (SIA) took delivery of its eighth Megatop (8747-400) aircraft in Seattle yesterday. The aircraft is scheduled to arrive in Singapore later today. The eighth Megatop is part of an order for 20 Megatop aircraft placed in 1986, and valued at US$3.3 biUion. Four more Megatops
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      • Article
        Pride for the best
        100 4 THE Ministry of Defence and the Singapore Armed Forces yesterday commemorated Pride Day with the theme Pride for the best in the SAF". The Senior Minister of State (Defence), Dr Lee Boon Yang, officiated at the Pride Day celebrations. He said that the intensity with which
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      • Article
        Ngee Ann's career seminar
        75 4 TO HELP school-leavers make more informed decisions about their education and career choices, Ngee Ann Polytechnic is organising a career seminar on career opportunities for graduates of its courses. The career seminar will consist of eight forums, each focusing on different courses. Course lecturers will elaborate
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      • Article
        BA chalks up another first
        66 4 FOR THE first time, British Airways has appointed four Singapore stewardesses to supervisory roles on board its daily non-stop 747-400 flights to and from London. This follows another first by the airline when it was the first European carrier to recruit local cabin crew in
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    • Article, Illustration
      Oil industry strong despite more refining capacity
      407 4  -  Possible slowdown in demand Lilian Ang THE outlook for the local oil industry is now more robust than it was several years ago despite the increase in refining capacity in the region, and a possible dampening in demand as developed countries' economies slow
      407 words
    • Article
      Japanese expert to help freight handlers upgrade
      238 4 JETRO Singapore has invited a Japanese expert on warehousing and distribution to update local freight forwarders on advanced material handling systems. The expert, Hinotoshi Nagata, is the chief consulting engineer at the Research Institute of Logistics and Material Handling High Technology in Japan.
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    • Article
      Insurance scheme soon to indemnify aggrieved clients of lawyers
      495 4  -  iy David Gabriel THE LAW SOCIETY expects to launch its professional indemnity insurance scheme by April 1, which is when lawyers' annual practising certificates will be renewed. Recent amendments to the Legal Profession Act will make it mandatory for all practising
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  • Page 4 Advertisements
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      626 4 If A KUWAIT ASIA BANK E.C. I I -f •<J' Ws—l I (Incorporated in Bahrain) H I CONSOLIDATED BALANCE SHEET I CONSOLIDATED STATEMENT OF CHANGES I Forthe yearended DtcimtMr3l,l9B9 IN FINANCIAL POSITION H 19*9 1988 For the year ended Dacambar 31,1989 I (Expressed in thousands of U.S. dollars) US 000
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      80 4 r* 5 w h* i jSßp> > I Mr i rSI yy $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS f Energy trading the power behind the men behind the business The chief of NTUC FalrPrice talks Which booming industry was left unscathed by the 1985 recession? Finance houses face lean
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  • COMPANY NEWS 1
    • Article
      Nahappan heads new board at Sunshine Allied
      355 5  -  By S N Vasuki LONDON-BASED businessman Ishwar Nahappan's dream of a chocolate-to-food empire stretching from the UK to Singapore and beyond is coming closer to fruition. After the successful takeover of Sunshine Allied Investments by his UK-listed Grand Central Investment Holdings (GCIH) last
      355 words
    • Article
      Lock icon Berjaya Penang Hill project to start by year's end
      312 5 NST Corporation (M) Bhd hopes to begin work on the $500 million Penang Hill ""development project by the end of the year. The group's team of forand local consultants is ,'i'jnow preparing an environ- mental impact assessment r (EIA) which it
      NST  -  312 words
    • Article
      Gold Coin sells part of Chinese business
      187 5 FEED manufacturer Gold Coin Ltd has divested a part of its livestock feed business in China to China Merchants Development (CMD) for $5.56 million. CMD will take up a 40.1 per cent stake in Hongkongbased GC Investments (B\ 1), said Gold Coin in
      187 words
    • Article
      Our diplomatic attempts failed: Hijaz
      335 5  -  By David Chew PETALING Tin substantial shareholder Hijaz Industries tried to find an amicable solution through several meetings with Straits Trading directors, including a last meeting on Dec 20 with Wong Pakshong, C W Tresise and Straits Trading chairman Tan Chin Tuan in Singapore. "Unfortunately,"
      335 words
    • Article
      Lock icon MIDF buys Oriental Bank stake
      294 5 MBT MALAYSIAN Industrial Development Finance (MIDF) has bought an 80 per cent stake in Oriental Bank from Koperasi Polis Di Raja (KPD) Malaysia for M 585.68 million cash. The acquisition of the 58.16 million shares was pegged at M 51.47 a share, about 10 sen
      MBT  -  294 words
    • COMPANY BRIEFS
      • Article
        Foreign stakes in UOB group
        64 5 AS AT END-1990, foreign shareholders held 35.53 per ceni of UOB's equity, and 29.24 per cent of its 1994 warrants. Among other members in the UOB group, foreigners owned 4.2 per cent of Far Eastern Bank, 0.72 per cent of Industrial and Commercial Bank, 0.44
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      • Article
        Sime (S) unit buys into Indon firm
        71 5 SIME DARBY Singapore Ltd (SDSL), a wholly-owned *übsidiary of Sime Singapore, has acquired a 75 per cent interest in Indonesian corrugated carton manufacturer PT Guru Indonesia from Norwegian-based A/S Far East Investments Tor US$2.4 million cash on January 22. The acquisition is not
        71 words
      • Article
        Ambassador unit changes name
        46 5 AMBASSADOR Restaurant Pte Ltd, a wholly-owned subsidiary of Ambassador Holdings Ltd, has changed its name to CM Laboratory with effect from Jan 10. The subsidiary's principal activities will now be to manufacture, export, import and trade in contact lens of all sorts.
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      • Article
        Take up Malayan Railway offer'
        61 5 MALAYSIAN Deputy Prime Minister Ghafar Baba yesterday invited co-operative companies to take up the government's offer to sell Malayan Railway for MSI. "As Malayan Railway is being sold at Msl any co-operative wishing to buy it should bear all its debts," he said when opening
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      • Article
        Berjaya interim profit up 4pc
        96 5 DIVERSIFIED Berjaya Corp (M) Bhd has announced a four per cent increase in its group pre-tax profit to M$ 56.99 million for the half-year ended Oct 31, 1990, from Mss3 01 million in the year-ago period. Group turnover rose by 14 per cent to M
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    • Article
      Hiap Moh sells building and buys bigger one-
      150 5 PAPER merchant Hiap Moh Corporation has sold off a building in Tannery Lane and bought another in Genting Lane for $2.51 million. These transactions would give the group more storage space and save it storage rental, said Hiap Moh yesterday. Its new
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    • COMPANY BRIEFS
      • Article
        Restructured Wang Lab expects initial drop
        74 6 WANG Laboratories Inc chairman Richard Miller said the company expects its turnaround programme geared at increased responsiveness to customers to initially cause lower revenues. "As we reposition the company to locus on our new ■trategy, we expect revenues from our older businesses to decline
        74 words
      • Article
        Pr Amoco wins Indon licence
        92 6 AMOCO Corp said its PT Amoco Indoprakarsa joint venture was granted an investment license by the Indonesian government to construct a 250,000 metric ton a year purified terephthalic acid plant on Java. PT Amoco Indoprakarsa isa joint venture between Amoco Chemical (Indonesia) and PT i
        92 words
      • Article
        Schumag AG to raise capital
        109 6 SCHUMAG AG, a majority-owned unit of Deutsche Babcock AG, said it plans to raise its nominal capital by up to 7 5 million marks from 15.0 million at a shareholder's meeting in March. It declined to give further details of the planned rise. Management board
        109 words
      • Article
        Azabu Building to sell property
        113 6 AN UNLISTED Japanese real estate firm, Azabu Building Co Ltd, plans to sell domestic property worth about 200 billion yen by the end of June, to reduce its loans from banks at a time of increased costs for them due to rising interest rates, a
        113 words
      • Article
        Phillips to sell North Sea stake
        114 6 PHILLIPS Petroleum Co UK has agreed to sell its 7.5 per cent interest in UK North Sea Block 16/26 to Conoco Ltd, effective Jan 1, 1991, as part of the company's plan to rationalise its minority interests. Phillips UK is part of Phillips Petroleum
        114 words
      • Article
        Mazda plant under repair
        89 6 MAZDA MOTOR Corp's US manufacturing subsidiary said it will suspend production at its plant in Michigan until Monday, Jan 28. Production of Mazda MX6 cars and Ford Motor Co probe models at the plant had been interrupted on 1 (icijlay after a fire erupted beneath the
        89 words
      • Article
        Strike ends at Aussie papers
        129 6 JOURNALISTS at newspapers in Rupert Murdoch's News Ltd»group voted on Wednesday to end a series of strikes, trjgjfered last week by the sacking of 14 colleagues. Union offiSals said management would not reinstate the employees fifecat the media group's flagship newspaper, The Austrabut had given
        129 words
    • Article
      Thai rubber firm to boost exports to US, USSR
      574 6 THAI RUBBER Latex Corp (Thailand) Ltd's geographical diversification plans took another step recently when it announced its latest plans. The Nation reported on Tuesday that the Thai company aims to establish a sales office in the United States this year and
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    • Article, Illustration
      Lock icon Gulf war clouding Porsche's rosy future
      321 6 Reuter GERMAN luxury sports car maker Porsche, racing ahead of an otherwise sluggish European car industry, has announced a 25 per cent rise in net profits in the year to last July 31 but said the Gulf War made future prospects hard to predict.
      Reuter  -  321 words
    • Article
      Lock icon ICI Australia first-quarter net profit down almost 60pc
      301 6 Reuter ICI AUSTRALIA Ltd's operating profits after tax in its first fiscal quarter to December 1990 was down by almost 60 per cent compared with the same period in 1989, chairman Milton Bridgland said. Mr Bridgland also said in his address to
      Reuter  -  301 words
    • Article, Illustration
      Construction of Java-Madura bridge
      350 6 FOREIGN and Indonesian companies are to be invited to participate in the construction of a bridge between the Indonesian islands of Java and Madura. The Jakarta Post reported on Wednesday that the invited companies will be involved under the co-ordination of a joint venture between Indonesian
      350 words
    • Article
      Lock icon Algoma Steel given 60pc chance of survival
      383 6 Reuter ALGOMA Steel Corp's chances of surviving its current financial problems are "60-40 in favour," Algoma president Robert Swcnor says. "The company is in a desperate situation." Mr Swenor told a news conference in Toronto on Wednesday. He said Algoma needed cooperation from
      Reuter  -  383 words
    • Article
      Lock icon Dismal profits expected from Aussie companies
      605 6 AFP AUSTRALIA'S recession is expected to usher in poor half-yearly profit results when most leading companies report for the six months to Dec 31. Analysts said that the low earnings, which must be announced before March 31, would do little damage to the sharemarket
      AFP  -  605 words
    • Article
      Lock icon Industry buyer not likely for Harcourt
      293 6 Reuter TEXTBOOK publisher HaiC I court Brace Jovanovich In<£ I which generated an estimated US$l.4 billion in sales ii| J 1990, is unlikely to attract J buyer from the ranks of j media companies, industry i analysts say. The Orlando-based comJ I pany has
      Reuter  -  293 words
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      88 5 >. I I -MV I I I I 'WW* I l A SIGN OF RECOGNITION. I seal's r-• j > however, would jlf C U\ !\u 1n 1 J 3^*y^rpr jFv^y-T fitafl power of the <.■ 1 i—w i J 6? lor more informal ion on the Npc.i.il lincol .rcilit
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      275 6 i NCCTHE HMJPIJI.I s NAnONALONTRE, /fl'FJl FOR INFORMATION rrrV\\VV\ TECHNOLOGY CHJCELJU □gJU\A\\ UNITED WNGOOM < _A Structured Systems Analysis and Design Method (SSADM) is a recommended methodology for the analysis and design of computer systems within the UK Civil Service. Its use is rapidly spreading to other organisations, in both
      275 words
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  • FINANCIAL NEWS
    • Article, Illustration
      First City Texas closing down Singapore unit
      424 7  -  By Alvin Tay THE SINGAPORE branch of First City Texas-Houston is closing down its operations next month, making it the first local victim to the much-publicised banking woes in the United States. Mr Edwin Yip, the general manager of First City's local office,
      424 words
    • Article
      Lock icon Kremlin's tough new rules cause panic runs on savings banks
      499 7 Reuter THE KREMLIN'S tough new monetary restrictions tore through the fragile Soviet economy on Wednesday, causing panic runs on savings banks from Siberia to the Baltics. President Mikhail Gorbachev, in a decree announced on Tuesday night, said 50 and 100
      Reuter  -  499 words
    • Article
      Lock icon Chase to raise capital through more asset sales
      350 7 Reuter CHASE Manhattan Corp plans to raise capital mostly through retained earnings and more asset sales, its chief financial officer, Mr Michael Esposito, said. He also told a meeting of analysts on Wednesday that when Chase made a US$65O million loss provision
      Reuter  -  350 words
    • Article
      Lock icon Salomon unit fined US$ l.3m by NYSE
      190 7 Reuter THE NEW YORK Stock Exchange said Salomon Inc's Salomon Bros unit has been censured and fined US$l.3 million for violations of federal securities laws and NYSE rules regarding 1987 and 1988 programme trading activities. Salomon Bros consented to the disciplinary action without
      Reuter  -  190 words
    • SMALL CHANGE
      • Article
        Bankers Trust earnings likely to be lower: CEO
        82 7 BANKERS Trust New York Corp chief executive officer and chairman Charles Sanford said the effects of the current recession will probably lower the bank's 1991 earnings. "Management will attempt to mitigate these effects as much as possible," Mr Sanford said. He did
        82 words
      • Article
        Euraso, Soviet Bank sign deal
        101 7 EURASCO AG, a finance company with capital from western and eastern Europe and the Soviet union, said it had signed a cooperation agreement with the Soviet Union's Savings Bank. Under a new Soviet banking law, the Savings Bank with its network of 80,000 branches is
        101 words
      • Article
        IRI chairman defends linkup
        93 7 FRANCO NOBILI, chairman of state industrial holding IRI, defended his controversial plan for a linkup between two of Italy's largest public banks Credito Italiano and Banca Commerciale Italiana in testimony before a parliamentary panel. Mr Nobili, chairman of Istituto per la Ricostruzione Industnale, reiterated that he
        93 words
      • Article
        Merrill to continue staff cuts
        61 7 MERRILL Lynch Co is continuing a cost-cutting review begun more than a year ago which is likely to include several hundred additional staff reductions by the end of the month, sources familiar with the firm's plans said. Merrill said on Monday its Canada subsidiary will
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      • Article, Illustration
        Dollar$ & Non$en$e
        2 7 Dollar$ Non$en$e
        2 words
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      Page 7 Advertisements Column 1
      217 7 < ~J A. :> I iCfi •t WU' f on I e i n ■-.>■■•;'■ > aufreur unit avi wine promotion. c~ §s r U--ik- Sfi 23 fjo,, to 5 9,1. J unity our cyn OHl/dl'l |»u' romohon, your chauffeur, no mailer Low lacLmg he may he, will come in
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  • THE REGION
    • NOTE BOOK
      • Article
        Overseas Viets sent home US$ l3lm
        130 8 VIETNAMESE living overseas sent home US$l3l million in the form of remittances, gold or presents last year, the Vietnam News Agency (VNA) reported on Wednesday. About 30 firms run by Vietnamese in Europe, the United States and elsewhere had to date set up joint
        130 words
      • Article
        Philippine trade deficit up 53pc
        123 8 THE Philippine trade deficit in the first 11 months of 1990 surged to U553,708 billion, up 53 per cent from the same period in 1989, Central Bank figures said on Wednesday. The increase from the U552,427 billion trade deficit in the first 11 months of
        123 words
      • Article
        US lags in Vietnam trade links
        117 8 AMERICANS are being left behind in the race to invest in Vietnam, a future economic powerhouse, said the new president of the American Chamber of Commerce in Hongkong. "There are practical reasons why it's time now for the United States to recognise that the
        117 words
      • Article
        'Dynamic turnaround' for M'sia
        86 8 THE Malaysian economy has achieved a "dynamic turnaround" following the shift away from direct regulatory control and public ownership and the emphasis of reliance on markets and private initiative in recent years, an international economist said in Kuala Lumpur on Tuesday. "The shift in the underlying
        86 words
      • Article
        Bougainville treaty signed
        97 8 IN A dramatic breakthrough, the Papua New Guinea government and secessionist rebels on Bougainvilje Island have declared peace and signed an accord in Honiara following two days of intensive peace talks, officials said. Port Moresby's chief negotiator, Foreign Minister Michael Somare, and Bougainville leader Joseph Kabui on
        97 words
    • Article, Illustration
      Lock icon Timber industry urged to cut level of wastage
      307 8 MBT THE downstream timber industry in Peninsular Malaysia, which claims to be facing shortage of raw material supply, should reduce its high level of wastage, now averaging between 30 and 40 per cent. If wastage is reduced by 10 per cent (based
      MBT  -  307 words
    • Article
      Hanoi to reduce red tape concerning foreigners
      362 8  -  By Lilian Ang AS PART of a package of measures aimed at attracting foreign investment, the Vietnamese government is planning to review the status of foreigners with business interests in the country. Mrs Ngo Ba Thanh, president of the Legislative Committee of Vietnam's
      362 words
    • Article
      Investments in Indon textile projects slow
      266 8 INVESTOR spending in Indonesia for the implementation of textile projects have not been going as well as expected, even though the textile industry remains the favourite sector, Indonesia's Investment Coordinating Board (BKPM) said. In a Jakarta Post report, Sanyoto Sastrowardoyo, chairman of BKPM, said
      266 words
    • Article
      Lock icon Aussies hit out at US grain subsidies
      210 8 Reuter AUSTRALIA has told the United States that its moves to increase grain subsidies could strain relations between the two countries and damage chances of a breakthrough in stalled world trade talks, government officials said in Canberra on Wednesday. Australia's Minister for Trade
      Reuter  -  210 words
    • Article
      Lock icon New Zealand may be forced to reschedule debt: economist
      567 8 AFP NEW ZEALAND'S rating downgrade is a warning it may be forced to take the drastic step of rescheduling its international debt, a leading independent economist warned in Wellington yesterday. "What people are saying is that New Zealand should start living
      AFP  -  567 words
    • Article
      Lock icon Thailand's 'Golden City of Tomorrow' takes shape in the south-east
      676 8 AP HIS grandfather was a fisherman with four wives, and in Pairoj Piempongsant's own time, wild elephants lumbered down from the junglecovered hills to roam the beach at sunset. Pairoj, 35, inherited large tracts of land from his father, a
      AP  -  676 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      716 8 THE DAMCHI KANGYO BANK, LIMITED (INCORPORATED IN JAPAN) Non-Consolidated Balance Sheets Non-Consolidated Statements off Income Years ended March 31. 1990 and 1989 Year* ended March 31. 1990 and 1909 Millions of yen Mi,lion 1990 1989 1990 98 ASSETS INCOME Cash ond Due from Bonks *13.932.393 *12.442.073 Interest Income 1 4tf)
      716 words
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  • THE WORLD
    • Article
      Lock icon Flow of foreign investment into US still strong
      611 9 Borrowings for deals coming from US market AFP a FOREIGN INVESTORS are still finding the US a good bet, but they arc borrowing the money for the ante from Americans, say US financial analysts. Indeed, say the analysts, foreign investor activity is
      AFP  -  611 words
    • Article
      Lock icon Czechoslovakia starts selling off state firms
      546 9 Reuter CZECHOSLOVAKIA takes a significant stride towards a market economy with its first auction of state-owned small businesses this weekend. Nineteen state-owned companies will be sold to the highest bidders at Prague's municipal hall tomorrow under a law providing for the privatisation of small
      Reuter  -  546 words
    • Article
      Lock icon New Polish law to woo investors
      186 9 Reuter POLAND, so far only partly successful in attracting the Western capital it needs, is about to change the rules in a new bid to woo big foreign investors. Officials say a fresh foreign investment law, frustratingly delayed by the country s recent change
      Reuter  -  186 words
    • Article
      Lock icon Bulgaria unveils economic reform package
      352 9 Reuter BULGARIA'S new coalition government has announced a package of radical economic reforms, following other former communist East European countries. Presenting his caretaker administration's programme to Parliament in Sofia on Wednesday, Dimitcr Popov, the non-party Prime Minister, said the reform was being launched in adverse
      Reuter  -  352 words
    • Article
      Lock icon UK exporters' credit fears remain
      236 9 Reuter BRITISH exporters remain deeply worried about the planned privatisation of part of Britain's Export Credit Guarantee Department (ECGD), in spite of concessions aimed at relieving their fears. Trade Minister Tim Sainsbury said on Tuesday that the government would continue to review provisions for reinsuring
      Reuter  -  236 words
    • WORLD WATCH
      • Article
        EC tries to persuade the Latin Americans
        107 9 THE European Community's top trade official will fly to Uruguay today to try to woo Latin American support for the Community's stance in stalled world trade talks. EC officials said on Wednesday that Frans Andriessen, EC commissioner for trade and external relations, sought
        107 words
      • Article
        Seoul's aid plan criticised
        90 9 THE South Korean government came in for a hail of criticism on Wednesday for giving Moscow a sizeable aid package at a time when Soviet troops are crushing independence movements in the Baltic states. Newspaper editorials and columnists pointed out that the US$3 billion announced in
        90 words
      • Article
        Tariffs to stay
        59 9 JAPAN yesterday rejected US demands to scrap tariffs on paper imports, but agreed to follow suit if other major paper producing countries initiate the move. "Japan will never take any actions on its own to scrap tariffs on paper imports from the US," the spokesman for the
        59 words
      • Article
        US federal deficit
        87 9 THE US federal deficit grew by US$7.4 billion in December, swelling the imbalance to US$B7.O billion during the first three months of fiscal 1991, the Treasury Department reported on Wednesday. Many analysts had expected a far bigger deficit in December due in part to expenditure for the
        87 words
      • Article
        Still room for improvement
        77 9 GUANGDONG province made a record US$64O million last year from tourism, but visitor numbers have still not recovered to their pre-Tiananmen Square massacre Jevel. An oflicial report released by Beijing on Wednesday said the revenue represented a 19.8 per cent increase over 1989, when the democracy
        77 words
      • Article
        Sound footing
        98 9 CHINA has become the biggest source of shoes worn in the United States. Jim Byron, who watches shoe imports for the US Commerce Department, said on Wednesday that rising wages in Taiwan and South Korea have raised costs there. As a result, US importers have shifted their interest
        98 words
    • Article, Illustration
      Lock icon Rouble move seen as retreat from reform
      458 9 Reuter PRO-MARKET Soviet and foreign analysts say that the Kremlin's shock decision to pull high-value notes out ot circulation marks a further retreat from plans to build a Western-style economy. They see the move which came amid dire warnings from senior liberal economists
      Reuter  -  458 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      40 9 Kokkola? It's the real thing when you book Rnnair. With a superb twice-weekly service from Singapore to Helsinki and then on to everywhere in Europe from Kokkola to Co Copenhagen. Call *****77 for details. know Europe from start to Finnish.
      40 words
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  • Article
    Tiding G-7 over the crisis
    450 10 EDITORIAL THE FINANCE MINISTERS and central bank governors of the Group of Seven nations met in New York early this week and pronounced that the world economy was still in good shape, notwithstanding the Gulf War and an economic slowdown in three member nations the
    450 words
  • WHAT THE OTHERS SAY
    • Article
      Double standards
      218 10 PRESIDENT Mikhail Gorbachev finally expressed some regret over the killings in the Baltics and promised a thorough investigation into what had happened. There is now perhaps some hope that force will not be used against the nervous Baltic states, at least for a while. Against this, however, Mr
      218 words
    • Article
      Curbing car usage
      159 10 THE latest COE prices are indicative of the demand for cars in Singapore. However, it is too early to tell to what extent the Gulf War has affected such a demand. The quota scheme has helped the gov- ernment to control the growth of cars through a
      159 words
    • Article
      Scheme for elderly
      143 10 THE CPF Board introduced the MediShield Scheme in July last year and by November. 12 per cent of the policy-holders had opted out of it. What are the reasons for this? Perhaps some CPF members are not sure whether they are entitled to the "additional" compensation from
      143 words
  • REGIONAL VIEWPOINTS
    • Article
      Make sober assessments
      138 10 MR GORBACHEV has gotten away with little more than strong condemnations from the international community and their warnings of a suspension of humanitarian and economic aid should the crackdown against the Baltic republics intensify. Washington has not yet officially ruled out the scheduled summit between Presidents Bush
      138 words
    • Article
      Use peaceful means
      136 10 SINCE THE first bombardment of Iraq by the allied forces last week. Thai TV channels have zeroed in on the unfortunate and unavoidable news event. For Thais, despite full coverage in the vernacular and English newspapers, the tube has been the prime source of information about the
      136 words
    • Article
      Think of the long term
      226 10 MANY STATE governments are ignoring the annual logging quota set under the National Forestry Policy. Until June 1990 a total of 544,696 ha were opened for logging, which is 153 per cent more than the quota. Monitoring timber output based on the area licensed for
      226 words
  • Article, Illustration
    Lock icon Germany battles with pacifism
    905 10  -  What is to be a unified Germany's role in world affairs? Richard Smith reports on German reaction to the Gulf War and the doubts plaguing the country as it seeks to find its place on the world stage Richard Smith NYT MANY Europeans, only recently worried
    NYT  -  905 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      106 10 Give Your Child Precious Knowledge Introduce your child s„ to The New Joy of Knowledge Encyc'°P*d'ai .[•y.-l sy ser j es that is ideal for children with enquiring u minds faced with the challenge of learning and discovery. Spanning science and technology, art. culture. history 1 philosophy a religion, the
      106 words
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      Page 10 Advertisements Column 2
      240 10 Add SI .00 more for a complete meal! Hrf* n&HdyteK, Yes! For this month only. Jack's Place Devilled Tomato Steak Houses Restaurants are making the above irresistible offer with the Hot 'n' Spicy promotion ¥w"JD^' 888 r mbal menu. Just add $1.00 to the price of the Sauce grilled tenderloin
      240 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      70 10 DOONESBURY BY GARRY TRUDEAU 77 I MY UFE HAS BEEN MOSTLY UNRE' /J MAJIP. SPUCATS M 5 I MAN OUTM SMPIt PLEASURESM MARKABCE, EXCEPT FOR A FEW OH, SO YOU'RE THIS PO6S WHAT MAKES A YOUNG R MOST OF THEM OFF-SHORE, H YEARS AGO, MHtNI HAP THE A SINGLE GUY.
      70 words
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  • ANALYSIS
    • Article, Illustration
      KMP moves into corporate limelight
      1386 11  -  Indonesian tycoon Liem Sioe Liongs Salim group is set to use Singapore as a springboard for its overseas operations. Suzanne Soh reports on the financial clout of the Jakarta-based group and its latest acquisitions Suzanne Soh THE modest office of the KMP group of companies
      1,386 words
    • Article, Illustration
      An empire of 300 entities
      938 11 THE Salim group is an umbrella name used for the business empire founded by Indonesian tycoon Liem Sioe Liong, encompassing some 300 entities worldwide. No one can seriously keep count as it is impossible to keep track of all of the group's latest developments. Even
      938 words
    • Article
      Group to increase Riau investments
      367 11 THE Salim group, led by heir apparent Anthony Salim, is gearing up for a larger share of the action in Indonesia's Riau province, part of the Growth Triangle economic zone involving Singapore and the Malaysian state of Johor. The conglomerate, one of the top Indonesian
      367 words
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  • FOCUS
    • Article, Illustration
      Lock icon Melewar: a finger in many pies
      1403 12  -  Melewar Corp Berhad, already one of Malaysia's most diversified groups, plans to go into even more areas of activity both locally and as far abroad as Eastern Europe. Azman Ahmad Termizi gets the details from Melewar's dynamic and ambitious managing director, Tunku Iskandar bin
      Bernama  -  1,403 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      277 12 TRANSPORT COMPANY FOR SALE BY TENDER A Malaysian lorry Transport Co. with potential to be a Giant within the industry is available for sale. Zero liabilities assured. For further info please contact: TEL: 03-*****00 *****96 FAX: 03-*****45 No Brokers. Interested and Genuine Principal Buyers only. Issuance of tender document is
      277 words
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      Page 12 Advertisements Column 2
      374 12 r j NOTICE J NOTICE IS HEREBY GIVEN that, I, TEO J KOONYEOWof Blk B#lo-1076Upp«fBoonKsng Road, Slngapsoro 1438, hava appitad for a Public Houaa, Sacond Class licanca in raapact of pram- isas at M/s Monta Carlo Supply Sarvicas at Bik 50 #01-02 Coronation Rd Wast, Somarsat Court Slrv I gapore
      374 words
    • Advertisement
      Page 12 Advertisements Column 3
      358 12 NOTICE NOTICE IS HEREBY GIVEN that, I, LohSooChuan of Blk 28, Jilan Bahagia, #06-330, Singapore 1232, have applied for a Public House, second class licence in respect of premises at M/s Pizza Hut at Blk 6A, Woodlands Centre Road, 101-280 Singapore 2573, and that tfau application will be heard in
      358 words
    • Advertisement
      Page 12 Advertisements Column 4
      15 12 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times
      15 words
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  • SPORTS
    • Article, Illustration
      Lock icon It's Seles against Novotna
      1109 13 Australian Open AP AT THE AGE of 30, the hunger for victory still burns brightly within Ivan Lendl. Lendl is aiming for the ninth Grand Slam title of his career and his third straight Australian Open. He plays arch-rival Stefan Edberg in the semi-finals today. The
      AP  -  1,109 words
    • SIDE LINES
      • Article
        Tabei scales mountaineering peak
        76 13 THE first woman to climb Mount Everest has conquered Antarctica's tallest peak, and has now scaled the highest mountains on six continents. Newspapers in Tokyo reported yesterday that 51-year-old Junko Tabei and a four-member party reached the summit of the 5,140-metre Vinson Massif on Saturday. Since
        76 words
      • Article
        Climbers still missing
        92 13 RESCUERS dodged avalanches but still failed to find 11 Japanese and six Chinese climbers 20 days after they went missing on Mount Meili in China's south-western Yunnan province. The Chinese Mountaineering Association said in a statement on Wednesday that a local rescue team watched on Tuesday as
        92 words
      • Article
        Moses hits out at tests
        101 13 FORMER Olympic champion Edwin Moses on Wednesday bitterly criticised US anti-doping measures and called current random tests "a farce". The American hurdles specialist, who is competing as a brakcman of a US bobsled in a World Cup race in Cervinia, northern Italy, reaffirmed his strong
        101 words
      • Article
        Gazza's in trouble again
        103 13 PAUL GASCOIGNE was back at the centre of controversy as cash-starved Tottenham's problems mounted with their exit from the League Cup on Wednesday night after they were beaten 3-0 at home in a replay against Chelsea. The England World Cup hero, sent off against Manchester United
        103 words
      • Article
        Watson stuns Trotter
        99 13 BRITAIN'S Commonwealth middleweight boxing champion Michael Watson stunned Craig Trotter on Wednesday after five rounds of their title fight in London. Watson's right hook forced the Australian to retire with double vision. It was his first defence of the title he won from countryman Nigel Benn. After
        99 words
    • Article
      Lock icon It's a great feeling for Armour
      278 13 AP BEING a defending champion is a new and exciting experience for Tommy Armour 111. "This is going to be fun," said Armour, who leads a 144-man field into this week's Phoenix Open, which began yesterday at the TPC course in Arizona. "Ever since
      AP  -  278 words
    • Article
      Lock icon Lancia out to puncture Spaniard's dream
      489 13 AFP CARLOS SAINZ, the first Spaniard to become world rallying champion, will be a marked man when he is flagged off at the start of the 59th Monte Carlo Rally tomorrow. Lancia, which has won the event for the past five years, is ready
      AFP  -  489 words
    • Article
      Lock icon Eberharter scores surprise win
      138 13 AP THE World Alpine Skiing Championships usually produce a surprise and Stefan Ebcrhartcr's victory in the super-giant slalom kept that tradition alive. The 21-year-old Austrian blasted down the 43-gate Schneekristall course in a perfect run on Wednesday that gave him a 1.54-sceond winning margin at the
      AP  -  138 words
    • Article, Illustration
      Lock icon Morgan cuts 'hero' Davis down to size
      483 13 AFP WELSH champion Darren Morgan dealt Steve Davis another bitter blow to reach his first major semi-final in the £1 million World Snooker Masters in Birmingham on Wednesday and then declared: "I've beaten my hero." Davis, who has gone 10 months without winning
      AFP  -  483 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      1147 14 UIICPE m WIMF nillF AMD ENTERTAIN WHERE TO WINE. DINE AND ENTERTAIN WHERE TO WINE, DINE I^^ I Didn't I see you at Scandals? Iji[ IhL BL gii^i VIHHHIIHBHBHHBr Kvcry Thursday: Indies Nighl. Kvery Nighl: The plate to see and be seen. Stamlulv Singapore's most sophisticated club an<l meeting place.
      1,147 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      715 14 TELEVISION AND RADIO J 1 IS X'EU (S« o„, ssrsr 1 business ON RADIO IrS at IHTSC -tki— .«.S£^ (S .«o. JSKSsr* LI W V Traps (b/w). 10.55 Friday at tM Movias Police 5.30 GaiUng. 7.10 am, 9.25 am, 1.30pm, 100 Dm Natw* «l Things Rivers to Academy 4 (See
      715 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Seriously — it's Williams
      800 15  - Seriously it's Williams Make them laugh till they cry may have been Robin Williams' creed, but his latest movie just makes them cry. Michael Miller on the wisecracking actor's Michael Miller Reuter IT'S a rare moment. Robin Williams isn't being funny. He's being deadly serious. The US actor and comedian
      Reuter  -  800 words
    • Article, Illustration
      Lock icon Playboy to hone content
      538 15 Do you fit the magazine? In search of the man of the 1990s UPI IS THE US male of the 90s more like Humphrey Bogart, Woody Allen or Kevin Costner? After a press conference on Wednesday, at which the results of a Roper Survey about US
      UPI  -  538 words
    • Article
      Michael Jackson shoes a flop, says analyst
      359 15 CHATTERBOX MICHAEL JACKSON is a bust when it comes to promoting shoes. LA Gear, the maker of flashy sneakers, says it lost $4 million to $6 million in the final quarter of 1990 and the failure of a much-ballyhooed line of Jackson shoes
      359 words
    • Article, Illustration
      Pat Boone thrills audiences
      528 15  -  David Chew, a self-confessed avid fan, shares his impressions of the crooner's Wednesday concert David Chew Singaporeans were treated to some of the best music of the 50s and 60s by popular American singer Pat Boone at the Kallang Theatre on Wednesday night. The 56-year-old singer,
      528 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      190 15 AND ENTERTAIN High Fashion At High Tea. sAT 4PM «flAl %HL -ML CHILDREN. f» 50 Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. Jt ANA HOTEL 16 NASSLM HILL. SINGAPORE 1025. TEL: 732 1222
      190 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Shares recover broadly in cautious trade
      894 16  -  By William Chia SHARE PRICES in Singapore staged a technical rally yesterday to close higher on a broad front after several days of decline. Buying sentiment was aided by gains in Tokyo and New York as well as the lack of new adverse developments
      894 words
    • Article
      Untitled
      3097 16 Gr's Gr'» 1990/91 Tel last Vol Day Last Quote Div Dh Y14 Net M Cap High Ijow Code Company Sale or- ('000) High Low Buyer Seller CVr P/E Smil INDUSTRIAL COMMERCIAL 277 152 t >000 Acma 175 +5 52 175 172 174 175 107.3 290 165 1142 Alex Hide 50*
      3,097 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4017 17 Main Board Asia Pacific 880 +25 +2.9% FAN 740 +20 +2.8% 1CB 430 +18 4 4% RDC 332 +14 +4.4% Metro Hldgs 490 +12 +2.5% DBS Foreign 1020 +10 +1.0% DBS 960 +10 +1.1% OCBC 745 +10 +1.4% UOB Foreign 605 +10 +1.7% Spore Bus
    4,017 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      292 18 Company Date Year (nap Met Net Minings Cms mm to preflt/less (L) per share dividend COM) (cents) CSC Jan 14 Sep 90 $53,947(134.649) 30 8(23 5a) 15(8 5a) F&N Jan 14 Sep 90 $53,080($62.868) 30 1(36 5) 17 9(17 9) ■i Msia Jan 14 Sep 90 $1,886($402) 11.4(2.4)
      292 words
    • Article
      PRELIMINARY RESULTS
      187 18 tlompmm Date Yoar Group pretax Cross MM to prom/loss (L) por share dividend ('•W) (coats) H i»jng Credit Jan 8 Jun 90 M$35.181(ll$25,440) 218(16.4) 10(10) 1-cnaHuat Jan 2 Dec 89 $182L($356l) Paciht Can Dec 28 Sep 90 $l,387l($562h) -(07) Van der Horst Dec 28 Sep 90 $1,222(5788) 18(3.3)
      187 words
    • Article
      INTERIM RESULTS
      251 18 Company Date Half-year Croup pre-tax Interim mr te profit/toss (L) dividend ('000) Sfteras Dec 31 Sep 90 M$462L($369l) Oec 28 Sep 90 S10,458(-) -(10) MCB Hldgs Dec 27 Sep 90 l«l,333($1.319L) -(2 5) Fcgi Msia Dec 27 Sep 90 MJ3.590($294l) Aldi HWgs Dec 26 Sep 90 $1,446L($257) V.
      251 words
    • Article
      CORPORATE DEVELOPMENTS
      1228 18 22 Publicly listed Sembawang Maritime Ltd (SML) has been awarded two ship lengthening contracts totalling more than $7m. 21 Smgmarme Industries, a subsidiary of Keppel Corpn, has entered into an agreement with Volvo East Asia to acquire a 70% stake in Nedco Engineering for $1.7 m Jan 19
      1,228 words
    • Article
      DIVIDENDS ANNOUNCED
      336 18 CwtmI Ex Ma Otto Tatel tar Tatel far paynaat date doM payafela tea yaar tact yaar USB 101(b) tar 4 ton 18 Jan 28 101 12% AMFP NYA Dec 14 ton 3 Feb IS NYA 28% Ante* 5%TE Feb 25 Mar 7 May 15 12 5%TE 25%TE CM
      336 words
    • Article
      RESULTS DUE
      628 18 Slwgipw Stocks M Company Period Date Ttar Itet EPS mitid wdtof (cants) <•» pnM last ynr (W*) CMI Packam Interim Nov 13 Dec 90 29.7 112 11.616(e) BMT Interim ton 10 Jun 91 254 2 1500 773 Unw Guar Interim ton 12 Apr 91 < 0 5301 G
      628 words
    • Article
      BONDS, LOANS & WARRANTS
      680 18 BONDS, LOANS WARRANTS Caapaay Cwwnlw wmM Cmmnlm lw far m+mry C4C Nt Before 26/4/93 1 warrant plus $309 cash Cauwway Lean Causeway *t 2/10/89 to 20/10/94 1 warrant plus JO 77 cash or 1 warrant plus 50 77 nonanal amount of loan stock. Chan Hp Nates Oun tap HI March
      680 words
    • Article
      RECORD HIGHS & LOWS
      129 18 RECORD HIGHS LOWS BT Composite Index SJ (18/1/9l) !SSS iit/I/5! Si 1U908 (16/1/91) "£15. K« K/521 no St 1607.12 (27/3/90) 1SS &S3 £E IS™ S8S8 1*9 N* .***** <2»/12/») «Jf jj™ 15W Si i/1/2 lttSMt 1177.87 (8/8/88) 1W* 5?g SJ? 833 61 (4/1/88) 1M,to !L ,125 MJ 2 SS»V 1607
      129 words
    • Article
      APPROVED ISSUES
      88 18 Company Rights Issue CjuMwiy \m Three-»or four JO 60 per share E.-date Dec 10 Books close Dec 20 Acceptance Payment Feb 1 M Mowcs Onetorone M$1 50 pef share Ej-date Dec 10 Boohs dose Dec 26 Acceptance t Payment Feb 11 Company Others MOB Otter tor sale of
      88 words
    • Article
      PROPOSED ISSUES
      338 18 Company Rights Issue Mean Or* tor two MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares of MJQ10 each at Mil per share with IQw detachable TSR Bolt an One tor tow fe, M$2 00 per share F ACS Capital Reduction Scheme to reduce par value
      338 words
    • Article
      COMPANY MEETINGS
      171 18 Tines Pubfisfaf Ltd: AGM at the Taurus Room, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Manna Square, Singapore 0103 on Friday, Jan 25, at 11am. Fraser I Heave Ltd: 92nd AGM and EGM at 475 River Valley Road. Singapore 1024 on Thursday, Jan 31, at 10am. Roxy
      171 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      155 18 THE GROWTH TRIANGLE A Special Business Times Survey February 26, 1991 The Growth Triangle began casually as an idea. Singapore. Batam. Johor. Singapore has a rich pool of managerial talent. Batam and Johor are rich in natural resources, land and labour. Combine the three and they make a triangle of
      155 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Bargain-hunting helps market to end higher
      935 19 Bernama SH\KI PKIC FS in Kuala I u in pur finished most I > higher on selective bargainhunting and short-covering as sentiment was aided by the rise on the lokyo market yesterday and on Wall Street overnight. l ight support for indexlinked stocks lilted
      Bernama  -  935 words
    • Article
      Untitled
      3179 19 1991 la*>t Vol l):«\ Net (up i High l>o»» Company Sale 3-/- (MMI llitfli I' I >n»il INDUSTRIALS 188 165 AISB 50« 169 4 13 I 7 41 r 4 342 316 ASM 50* 328 unch 37 330 128 29 1146 4 2% 280 Acidchem 288 3 5 288 287
      3,179 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      178 19 BUSINESS TIMES TELEPHONE: 730-5937/5902/5942 FAX: 734-4982 $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS Energy trading the power behind the men behind the business The chief of NTUC Fair Price talks Which booming Industry was left unscathed by the 1985 recession? Finance houses face lean and loan-ly days Foreign Investors a
      178 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares close higher after three days of losses
      2216 20 Reuter TOKYO STOCKS yesterday closed higher on a technical rebound following three days ot losses, helped by a modest firming on Wall Street and the absence of new negative developments in the Gulf, traders said. Volume was high compared with recent levels,
      Reuter  -  2,216 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Overseas-led buying sends market up sharply
      2092 20 Reuter HONGKONG stocks yesterday shot to an intra-day-high finish in a second straight day of enthusiastic, overseas-led buying, brokers said. "Local investors jumped on the bandwagon." said Antony Mak of Citicorp Vickers. "So the market got an even bigger push. We cut through 3.100
      Reuter  -  2,092 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Most Asian markets close with gains
      • Article
        AUSTRALIA
        735 21 A RISE on the Tokyo Stock Exchange in the afternoon lifted Australian shares to a firmer close although trade remained dreary. Brokers said a growing belief that the Gulf war will be protracted saw private investors sidelined and little action from institutions. Interest was concentrated on traders exercising options.
        735 words
      • Article
        BANGKOK
        713 21 BANGKOK share prices rebounded 2 per cent in thin trading yesterday, after three days of losses that saw the major index down by 7 per cent due to concerns the war in the Gulf would be prolonged. The SET Index rose 12.34 points to close at 623.47. Turnover stood
        713 words
      • Article
        Untitled
        82 21 Close Previous Jan 24 SYDNEY All Ordinaries Index 1,268.5 1,263.8 +4.7 All Industrials Index 1,953.7 1,943.0 +10.7 All Resources Index 743.3 742.7 -0 6 Turnover (million) 42.19 56.19 -14.0 BANGKOK SET Index 623.47 611.13 +12.34 Tumover(million baht) 1,026 1,260 -234 JAKARTA Composite Index 384.98 387.07 -2.09 MANILA Composite Index 665.84
        82 words
      • Article
        JAKARTA
        578 21 PRICES on the Jakarta Stock Exchange closed mixed yesterday, with the official index falling points to 384.98 and turnover rising to 1.62 million shares from Wednesday's 651,200. Inco and Duta Anggada Realty were the most traded on the regular market on turnover of 168,000 and 105,000 shares respectively. Inco
        578 words
      • Article
        MANILA
        505 21 PHILIPPINE stocks closed higher yev terday as the market overcame initial Gulf worries to stage a late session rally in anticipation of corporate profit reports. The Manila Stock Exchange Composite Index ended at 665.84 points, up 17.14 points from Wednesday. "The opening session was weak. Everybody was trying to
        505 words
      • Article
        NEW ZEALAND
        344 21 THE NEW ZEALAND bourse ended steady yesterday after recouping in the afternoon a 20-point morning loss that stemmed largely from a big sale of Brierley shares in Australia on Wednesday. The Barclays Index ended 1.45 points lower at 1,189.38. "The market was probably led by Brierley more than
        344 words
      • Article
        Untitled
        281 21 In local cwrency In S$ In US$ day year day year day year JAN 23 Index change change change change change change World 353.6 -0.2 -23.9 -0.6 -26.0 -0.8 -19.0 iEafe 460.4 -0.7 -32.4 -1.0 -31.4 -1.3 -24.9 Europe 355.0 -0.5 -21.2 -0.6 -16.1 -0.8 -8.1 Pacific 770.0 -0.9 -39.2
        281 words
      • Article
        TAIPEI
        353 21 TAIWAN share prices yesterday surged to end with one of their biggest rises ever, as gains in overseas markets galva- nised local investors. The Weighted Index rose 257.59 points, or 6.7 per cent, to finish at 4,089.84 compared with Wednesday's 3,832.25 close. Turnover rose to NT543.4 billion from NT535.7
        353 words
      • Article
        SEOUL
        784 21 SEOUL equity prices came out of four days of declines and bounced back yesterday apparently because of investors' feeling that shares were now too cheap. The Korea Stock Exchange Composite Price Index climbed 12.8 points to close at 638.02. Trading was thin, however. Advances led retreats 540 to 131
        784 words
      • Article
        BOMBAY
        52 21 BOMBAY shares ended broadly down in light volume on Wednesday as the Bombay Stock Exchange reopened alter a week-long closure. "Trading was slow, sedate," broker Nimesh Shah said. Ihe BSE Index fell 16.34 points, or 1.61 per cent, to 1,001.38. The National Index shed 5.24, or 1.02 per cent,
        52 words
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  • WORLD STOCK MARKETS
    • Dow gains 15 points in nervous trading
      • Article, Illustration
        NEW YORK
        1079 22 IN A TENSE market where investors make decisions on the strength of headlines, nervous stock traders in New York touched off heavy selling late on Wednesday after reports of two explosions in Saudi Arabia and air raid sirens in Israel. The Dow Jones Industrial Average still managed to
        1,079 words
      • Article, Illustration
        LONDON
        749 22 LONDON shares opened firmer across the board yesterday as the market awaited fresh developments in the Gulf. Dealers said trading was expected to remain thin. "The medicine this market needs is good news from the Gulf," said one dealer. Traders said prices were marked up at the opening, encouraged
        749 words
      • Article
        AMSTERDAM
        300 22 IN AMSTERDAM, speculation of changes in the terms of the merger between Nationale-Nederlanden and NMB Postbank kick-started shares into life yesterday morning, while the wider market rose in line with other bourses, dealers said. The CBS Trend Index was 0.6 firmer at 78.5 at 0953 GMT. The main beneficiary
        300 words
      • Article
        Untitled
        82 22 Jan 23 Close Prrriow NEW YORK Dow Jones 2,619 06 2.603 21 +15.85 NYSE Financial NA 122.49 SAP 500 330.21 328.31 +1.90 Turnover (million) 169.44 177.0 -7.56 LONDON Financial Times 30 1,628.2 1,630.6 -2.4 FTSE 100 2.080 5 2.081.6 -I.I Turnover (million) 353.1 363.0 -9.9 AMSTERDAM CBS Tendency Index 77.9
        82 words
      • Article
        ZURICH
        269 22 THE ZURICH bourse opened firmer in moderate volume yesterday as overnight gains in New York and Tokyo supported sentiment and the market accustomed itself to the situation in the Gulf, dealers said. "If nothing unexpected happens in the Gulf I see shares becoming firmer," one dealer said. But shares
        269 words
      • Article
        MILAN
        168 22 ITALIAN share prices continued Wednesday's weaker trend in early trading yesterday, with sentiment depressed by the economic outlook for Italy and bad news on the industrial front, brokers said. Domestic economic fundamentals outweighed the influence of the relatively stronger start on other European bourses although brokers said the better
        168 words
      • Article
        FRANKFURT
        277 22 GERMAN shares rose 1.4 per cent in the first 15 minutes of trade yesterday, as gains for stocks in Tokyo and New York prompted moderate buying of German blue chips. Dealers said news electronics giant Siemens expected unchanged group net profit in 1990/91 after 1.67 billion marks in 1989/90
        277 words
      • Article
        STOCKHOLM
        75 22 PRICES on the Stockholm bourse firmed broadly in quiet early trade yesterday, and dealers said it seemed as if the market had discounted a continued Gulf war and that investors were eager to buy. By mid-morning, the General Index had gained 0.69 per cent to 886.33 in moderate turnover
        75 words
      • Article
        PARIS
        147 22 FRENCH share prices opened higher yesterday, lifted by light buying on the first day of the bourse's monthly account, traders said. The CAC-40 Index was up 21.35 points, or 1.40 per cent, to 1,543.74 at 0935 GMT. Trading was light, with about 230 million francs worth of shares changing
        147 words
      • Article
        BRUSSELS
        159 22 BELGIAN shares opened narrowly higher yesterday in line with moderate gains on the major markets but volume was thin, dealers said. Volume totalled 31 million francs after IS minutes of trading. Sixteen shares rose, six were declining. "The professional investors are still shunning the market, but confidence seems to
        159 words
      • Article
        JOHANNESBURG
        356 22 IN JOHANNESBURG, a lack of interest continued to overhang the stock market yesterday morning, dealers said. Leading indices were virtually unmoved in the first half-hour as wary investors continued to adopt a wait-and-see attitude amid fears that the Gulf war may spread, they said. At 10:00 am, the JSE
        356 words
      • Article
        TORONTO
        243 22 TORONTO stocks closed slightly lower on Wednesday, pulled down by a weak transportation sector and recessionary fears. 'The euphoria at the earlier part of the war is starting to wear off and people are focussing more on the economy," said Jack Stacey of Moss Lawson and Co Ltd. The
        243 words
      • Article
        Untitled
        45 22 Vienna Jan 23 Asch Akg Holding 3360 unch E. Allgcm (PrcO 3150 unch Jungbunzl 7880 unch Lacndcrbank (PrcO 450 -15 Lcnzing 1345 -17 Lcykam 370 -15 Montana ***** unch Ocstcrr. Brau 3299 -I Scmpcnt 118 -I Stcyr 290 -7 Vcitschcr 573 -12 Source: Austrian Laenderbank
        45 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon US$ falls in early trade on a twist to Greenspan's comments
      1205 23 REPORTS Reuter THE US DOLLAR was lower in early European trade yesterday after what traders called a new interpretation of comments from US Federal Reserve Chairman Alan Greeenspan. Traders said the assessment of Mr Greenspan's congressional testimony on Wednesday
      Reuter  -  1,205 words
    • Article
      Lock icon Bundesbank targets for a strong mark this year
      369 23 Reuter GERMANY will aim for a strong mark in 1991 and the Bundesbank will continue to watch dollar levels closely, Bundesbank board member Hans Tictmcyer said. "A strong mark compared with other currencies must and will be an aim of German currency
      Reuter  -  369 words
    • Article
      Lock icon Poehl raps Britain's plan for hard ECU
      213 23 Reuter BUNDESBANK president Karl Otto Poehl criticiscd Britain's plan for a hard ECU and warned against rushing into European Economic and Monetary Union (EMU). In a toughly worded summary of the Bundesbank's position on European economic integration, Mr Poehl said the use of
      Reuter  -  213 words
    • Article
      FINANCIAL FUTURES
      1195 23 a E EX EUHOOOLUII Open High Low Sett Est Vol Op/Int mm Mar 91 92.88 92.96 92.88 92.94 ***** ***** 5099 Jun 9 1 92.96 93.02 92.96 93.00 9950 ***** 2082 Sen 9 92.85 92.90 92.84 92.88 2000 4010 661 Dec 91 92.58 92.63 92.58 92.62 800 3955
      1,195 words
    • Article
      INTERBANK FOREX RATES
      399 23 Cross rates Jan 24 I USS S$ MS Dm Yen L SFr A$ NZS USS 1.7320 2.7070 1.4850 131.70 0.5112 1.2530 1.2755 1.6722 SS 0.5774 1.562*) 0.8574 0.7604 0.2952 0.7234 0.7364 0.9655 MS 0.3694 63.98 0.5486 0.4865 0.1889 ***** 0.4712 0.6177 l>m 0.6734 I 1663 1.8229 88.69
      399 words
    • Article
      MONEY MARKET
      568 23 Interbank rates SS Bid Offer Overnight 4 3/4 5 1-month 4 5/8 4 3/4 2-month 4 11/16 4 13/16 5-month 4 3/4 4 7/8 Overnight mode: 4-5/8 li.S$ Bid Offer 7 days 6 5/8 6 3/4 1 month 6 3/4 6 7/8 2 months 6 3/4 7 7/8
      568 words
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  • COMMODITIES
    • Article
      Lock icon Moscow embarks on worldwide grain buying spree
      303 24 Reuter ARMED with billions of dollars in foreign credits, Moscow has embarked on a worldwide grain buying spree, jumping in fast in case lenders withdraw the loans to protest against Moscow's crackdown in the Baltics. Since US credits were approved early this month,
      Reuter  -  303 words
    • Article
      Lock icon Sri Lankan tea auction sharply hit by Gulf war
      218 24 AFP UNCERTAINTY of shipping in the Gulf sharply depressed prices at this week's Colombo tea auction, where a record 6.7 million kilos (£14.74 million),were on offer, brokers said on Wednesday. Colombo broking firm John Keels Limited said prices fell on low
      AFP  -  218 words
    • Article
      Lock icon Coconut output seen rising marginally
      140 24 AFP WORLD COCONUT output is expected to rise by 54,000 tonnes of copra equivalent, less than one per cent over 1990, to 9.08 million tonnes this year, the Asian and Pacific Coconut Community (APCC) said on Tuesday. Of the total, 83 per cent would be
      AFP  -  140 words
    • Article
      Lock icon KL tin price eases in line with LME market
      850 24 REPORTS Reuter THE TIN price on the Kuala Lumpur Tin Market shed one sen to settle at M$ 15.06 a kg yesterday in line with the lower London Metal Exchange overnight. Dealers said the price of the metal on the LME
      Reuter  -  850 words
  • Article
    PRICES
    1475 24 Rubber Jan 24 MS (h> In Ml) S cents/kg Noon Close Inl I KSS Prompt I467VI47.75N I46.1XVI47.00N Inl I KSS Feb 91 147.75/148 >5 *****/147 50 Inl I RSS Mar I49 2VI49 75 *****/149.00 Inl 2 KSS OP 146.00/148 OON 145 25/I47.25N Inl 3 RSS ()l» 141 00/143 OON
    1,475 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      700 24 NOTICES NOTICE Of FINAL MEETING IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF SHUN HAY INVESTMENTS PRIVATE LIMITED (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN thai a Final Meeting ol the members ol the abovenamed company will be held at 5 Shenton Way
      700 words
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      Page 24 Advertisements Column 2
      861 24 In The Matter of The Companies Act Cap 50 And In The Matter ol KSJ (SINGAPORE) PTE LTD (In Voluntary Liquidation) MEMBERS VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 220 Orchard Road *05-01 Midpoint Orchard Singapore 0923
      861 words
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      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1071 25 City Flight ETA Flight ETD i Mm Dfcabi GA894 0010 GA890 2225 GA970 2335 GA976 2340 MalaMa QF7 1750 SQ227 2130 ton RJ182 1400 j Amsterdam KL835 1505 SQ42 0100 SQ23 1815 KL836 2150 SQ24 2215 GA890 2225 Mtm• SQ45 0805 SQ24 2215 flurlil—it NZ35 1530
      1,071 words
    • Article, Illustration
      War bites into Mozart fete
      613 25  -  LETTER FROM VIENNA /y/// By Jola Zalud THE Gulf War is casting a long shadow over the bicentenary of the death of Austria's favourite son, Wolfgang Amadeus Mozart. "The Gulf War has taken its toll, and visitors from abroad have cancelled visits on quite a
      613 words
    • Article
      MONEY CHANGER RATES
      146 25 As at 3 Dm vestflrdiv: Local dollars to ooe unit of foreign currency Currencies Bid Offer Australian dollar 1.3470 1.3770 Canadian dollar 1.4800 1.5000 NZ dollar 1.0250 1.0550 Sterling pound 3.3650 3.3950 US dollar 1.7250 1.7400 Local dollars to 100 raits of foreign currency Austrian schilling 16.00
      146 words
    • Article
      WORLD TRADE EXHIBITIONS
      64 25 Duration Title Venue Organiser Td Duration Title Venue Organiser Tel Jan I9-27 International (iermany Stuttgartcr (46)711/2589-0 Feb 4-9 International Netherlands Koninklije (3I)3<V9S59I I Exhibition Ft* Mevse Und Building Nederlandse (arnvaning. kongrcss Construction Jaarbeurs Motoring. Tourism Exhibition Jan 23-27 International Madrid II I MA UI470I0I4 F cb 7-12
      64 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      39 25 uvivm win 1 SPvLm Saddam camps mm There are other I FOLLOW THE NEW* I PAPER EOR A WIDER I #fj/ LOOK AT THE GULE WAR B The latest news And much more From lunch time Monday to Saturday
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      285 25 1 Aggressive guy taking dope a social 9 A fighter, thanks to stirring music(7) L^J— 10 Interview a young atten- I I I I 1 dant and discharged) IHTbH I^l 11 Fast organised by former __JHL_JHL_— ncwspapermen(7) 12 Repeating it, point to bud- H__BL_JBL— 14 Tiles are made such 15
      285 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      209 25 Singapore Outlook: Showers over several areas in the afternoon. Forecast: Maximum temperature 31.4* C Assoc humidity 65% Minimum temperature 23.9"C Assoc humidity— 97% Hours of sunshine 7.55 Rainfall in mm 2.3 Rainfall this month 68.1 Rainy days this month 8 World forecast Asia-Pacific Hi/Lo* Cood. Auckland 25/20 Windy Bangkok 32/23
      209 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      51 25 ii'JIMCTSLej's se£.Nou>-Hf\ve SPCRT^G GeNTLC KU\DO?- Leros iMMeSTiGPTe A GoT ft' DP*/ LIFE. OF SIR R£Gir*MD CMPOFFOJR UJW lue SHOOWG SI ICK. THe old e>oy is ftuay... A( m aiCl^VXnx /thptvou /WiZlP*3sk I J 3H OOVS I'LL P»CK VOU P>U_ Op i M \l -^Co* 8352 EVENING STAHOARO CO. tTO- I—HWI
      51 words
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  • Article, Illustration
    Japan could be leader of Asian trade bloc: Rafidah
    394 26 Talks on proposed grouping to begin in March SOUTH-EAST Asian nations will spearhead the formation of a new Asian economic grouping or trade bloc in which Japan could emerge as eventual leader, a senior Malaysian minister said on Thursday. Asean officials
    394 words
  • Article
    LKY meets former leaders in Stanford
    213 26 SENIOR MINISTER Lee Kuan Yew and other former world leaders have gathered at Stanford University, San Francisco, to discuss international issues at a two-day closed-door seminar that started yesterday. Mr Lee, who called on President George Bush while in Washington DC earlier this week,
    213 words
  • Article
    Hongkong hotel glut puts pressure on room rates
    391 26  -  From Catherine Ong in HONGKONG HONGKONG hotels anticipate difficult days ahead despite a healthy recovery in the tourism industry, which last year saw a 10.7 per cent increase in visitors. Statistics released yesterday by the Hongkong Tourist Association show that local hoteliers
    391 words
  • Article
    Johor ready to consider opinions on second link
    162 26 THE JOHOR government is prepared to hear the views of the people on the proposed second land link with Singapore because the plan is still under study, Menteri Besar Tan Sri Muhyiddin Yassin said yesterday. "I am prepared to accept any view
    162 words
  • Article, Illustration
    Lock icon Gorbachev urged to pull out troops
    186 26 Agencies LITHUANIA urged Soviet President Mikhail Gorbachev to withdraw all Soviet troops from buildings seized in a crackdown in the republic on a day which saw Interior Ministry troops taking over the central paper and dye warehouse in its capital. Lithuanian President Vy- tautas
    Agencies  -  186 words
  • Article
    Quick war may leave world economy better off
    410 26 THE GULF WAR^ IF the Gulf War ends quickly, without serious damage to Saudi oil facilities, the world might actually be economically better off than if there had been no war, findings from a British computer simulation suggest. The study by the
    410 words
  • Article, Illustration
    Minister suggests reform of Indonesian commercial law
    279 26 INDONESIAN minister Radius Prawiro has called for a reform of the commercial law to meet the country's burgeoning economic activities, the Jakarta Post reported. Issues such as the concept of corporate entity, the relationship between shareholders and corporate executives, as well as their
    279 words
  • Article
    Hongkong will run Hongkong until '97
    241 26 THE GOVERNOR of Hongkong returned yesterday from talks in Beijing giving no indication that the British colony would capitulate to China's demand for a governing role before 1997, when Hongkong returns to Chinese sovereignty. "If Hongkong is going to be well administered over the
    241 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      69 26 Nikon The World's Finest Photographic Systems Point 40 mine from Changi Point by launch. Also proposed 200 room hotel/resort and FV. chalet. Very close to Desaru Mega Golf Resort. Land area around 230 acres Asking M 560.000 per acre. Valuation and Feasibility Reports available Also available land 1 acre to
      69 words
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      Page 26 Advertisements Column 2
      220 26 Nikon The World's Finest Photographic Systems IN TODAY'S BUSINESS WORLD, It Pays to be Well armed. The latest corporate weapon for today's business That s why, in the last -10 years, Japanese battlefield is now available; "Business and Y\ ar", business people have been able to perfect Sun Tzu s
      220 words
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  • Shipping Times
    • Article
      S'pore engineering firm in joint venture with Soviets
      387 27  -  By Dexter Lee LOCAL engineering firm Aero Marine Singapore (AMS) has formed a joint venture with Aerokonvcrsia Moscow to market Soviet goods and promote tourism in the Soviet Union. Called Acrokonversia Far East, the joint venture will be incorporated in Singapore once
      387 words
    • Article, Illustration
      Lock icon Chinese shipbuilders fear fewer orders for oil tankers
      406 27 THE GULF mmmm AFP CHINESE shipbuilding officials fear the Gulf war will reduce overseas orders for oil tankers, said the China Daily. China received orders for vessels totalling 452,000 dead weight tons (dwt) about half of the orders were for oil tankers
      AFP  -  406 words
    • Article
      Lock icon India plans to charter foreign vessels to ship crude from the Gulf
      403 27 AFP INDIA is planning to charter foreign tankers to ship crude oil from Iran and Saudi Arabia to augment petroleum supplies being ferried by the state-owned Shipping Corp of India (SCI). Official sources said in New Delhi on
      AFP  -  403 words
    • Article
      Lock icon Air Lanka plans to increase flights to Oman
      342 27 AFP SRI LANKA's national carrier Air Lanka is planning more flights to Muscat, the capital of Oman, to meet the huge demand for seats by Sri Lankans returning home from the Gulf, an airline spokesman said in Colombo. Muscat is the only
      AFP  -  342 words
    • Article
      Lock icon Transport giant TNTs credit rating downgraded
      259 27 Reuter THE AUSTRALIAN arm of Standard and Poor's on Wednesday announced that it had downgraded the credit rating of Sir Peter Abeles' transport giant TNT. Ratings agency Australian Ratings Pty Ltd said it downgraded the credit rating of TNT Ltd to 888 minus from
      Reuter  -  259 words
    • Article
      Lock icon Official invites more foreign investment in US airlines
      378 27 UPI AMERICAN Transportation Secretary Samuel Skinner, acknowledging hard times in the airline industry, on Wednesday reaffirmed the Bush administration's commitment to deregulation and announced that the federal government would allow more foreign investment in US carriers. "It is likely that we will
      UPI  -  378 words
    • NEWS SUMMARY
      • Article
        Shippers worried about Panama Canal
        41 27 WORLD maritime officials are expressing concern that the condition of the Panama Canal is slowly deteriorating and that Panama will be unable to manage the waterway properly when it takes full control in 1999 Page 2
        41 words
      • Article
        Call to scrap Heathrow rules on new airlines
        61 27 BRITAIN'S Civil Aviation Authority has recommended scrapping rules that bar new airlines from Heathrow Airport outside London. The authority recommended on Tuesday that all international airlines be allowed to compete freely for landing rights at Heathrow. The recommendations now go to Transport
        61 words
      • Article
        US$ 45m verdict against Lockheed thrown out
        43 27 A US JUDGE on Tuesday threw out a US$45 million verdict against Lockheed Corp in a wrongful termination case after it was discovered that one of the jurors had been convicted of a felony Back Page
        43 words
      • Article
        Greeks eyeing secondhand tonnage
        46 27 GREEK shipowners are ready to make substantial investments in secondhand tonnage. The first deals were clinched following the outbreak of the Gulf War, indicating that hostilities did not dim optimism about trade prospects in various quarters of the Greek community Back Page
        46 words
    • LOG BOOK
      • Article
        Kyodo to switch port for loading Saudi crude
        120 28 SAUDI ARABIA has allowed a major Japanese oil importer, Kyodo Oil Co, to switch its port for loading Saudi crude from the Persian Gulf to the Red Sea. Kyodo has been permitted by the state-run Saudi Arabian Oil Co to load Saudi
        120 words
      • Article
        Bo vis signs deals with Schal
        74 28 BOVIS INC, a US unit of Britain's Peninsular and Oriental Steam Navigation Co, said it has a financial agreement with Schal Associates Inc, a construction services firm, to increase bonding resources. Bovis said it also has agreements to acquire certain interests of Schal Mid-Atlantic
        74 words
      • Article
        Kuwait says Iraq stole planes
        78 28 KUWAIT says Iraq flew some purloined Kuwait Airways jetliners repainted in Iraqi Airways colours to North Africa last week when the war broke out, but diplomats said there is no trace of the planes. Diplomats on the Security Council's Sanctions Committee heard the Kuwaiti complaint
        78 words
      • Article
        BA orders two more 767s
        59 28 BRITISH AIRWAYS has converted options for two Boeing 767-300 jetliners into firm orders, Boeing Commercial Airplane Group said. The two orders, plus three previously unannounced option conversions, are valued at about US$4lO million. With the two new firm orders, British Airways has ordered a total
        59 words
      • Article
        Largest quarterly loss for Delta
        92 28 DELTA AIR LINES said it posted the largest quarterly loss in its history due to skyrocketing fuel costs, a weak economy, unreasonably low domestic fares, and promotions initiated by faltering competitors. Delta, reporting a loss of U*****.8 million or US$5.Ol a share on revenues of
        92 words
      • Article
        GE, CFM combine orders
        59 28 GENERAL Electric Co's Aircraft Engine unit and CFM International, a 50-50 joint venture with GE and SNECMA of France, said they had combined booking orders, options and commitments from 1990 with a potential value of US$l3.2 billion. The two companies said they had 1990 orders, options
        59 words
    • Article, Illustration
      Lock icon A slowly deteriorating canal
      1067 28  -  Falling efficiency, deficient service, lower safety standards and the generally poor physical condition of the Panama Canal are all worrying shippers. There is also concern over whether Panama will be able to manage the waterway properly when it takes full control in 1999, reports Clifford Krauss
      NYT  -  1,067 words
    • Article
      VERITAS BUNKER MARKET REPORT
      592 28 Carbon Jan 21 DerertyWater Hesidue Ash tamnun Sedenent Carta DensityWater Residue Ash Ataman SeAnMt M/M Exioo KG M*31 V/V M/M 1 M M PPM method ISO/Cinuc bmrts Spec E25 ***** 150 010 Spec G35 9911.0 180 015 30* 0 10* Northern Europe 180 Ave 9830 3
      592 words
    • Article
      THE SHIPPING GUIDE
      12747 36 This is a list of ships loading Art at Singapore for ports around the world. It tabulates, by >f e destination, the name of the 21 ship, the shipping line involved and the estimated ja r dates of arrival and departure To from the Port of Singapore.
      12,747 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        685 43 YmwI Voy No Berth Arnval Depart*™ I Vessel Voy No Berth Arm* Departue Keppd Wharves Sembawang Baiyinshan 1/91 K32 24 01/1400 Anastasia NB1?? S03 alongside 25 01/1200 Bayswaterll8 ****** K33 alor«s.de 24 01/1130 Dade 1/91 SOS alongs.de 24 01/0/00 jta Pusaka E 882 K31 alongside 2901/0600 Filipinas
        685 words
      • Article
        CONTAINER SCHEDULE
        1397 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO a* Voy No Record Etb/Btr Period Booking/ Balance From To Rsits From ACX Rose 8 26/0900 1 3 4 24/1500 25/0700 25/1200 24/1659 25, 1159 25/1459 24/1900 25/1400 25/1700 Anson *****N 26/0100 2 24/1700 25/0659 25/0900 Aysen 13N 27/0700 3
        1,397 words
      • Article
        IN MALAYSIAN PORTS
        263 43 Johore Port Berth 1: Juta Jaya Berth 2: Hong Hing, Glory Selatan VIII Berth 3: Pagan Berth 4: Luck Berth 5: nil. Berth 6: Uni Spring Oi jetty: Stolt Reliant, Santi DCJ: Zaman Baru Dua Due on Jan 24: Sogsvann, Belle Coral, Sri Nam Hua No 2.
        263 words
    • Article
      DAILY FREIGHTS
      1001 43 THH freight market on Wednesday was largely quiet with only few new grain fixtures I reported, but at steadier rates, brokers said. Ihe Baltie Freight Index was marked up eight to 1.460 while the US Gulf/Japan grain sub index rose from U5525.66 on Tuesday to < 1J5525.783. One
      1,001 words
    • Article
      Lock icon Call to scrap Heathrow rules barring new entrants
      301 44 AP BRITAIN'S Civil Aviation Authority has recommended scrapping rules that bar new airlines from Heathrow Airport outside London. The authority recommended on Tuesday that all international airlines be allowed to compete freely for landing rights at Heathrow. The recommendations now go to
      AP  -  301 words
    • Article
      Lock icon Los Angeles judge throws out US$ 45m verdict against Lockheed
      372 44 NYT A US JUDGE on Tuesday threw out a US$45 million verdict against Lockheed Corp in a wrongful termination case after it was discovered that one of the jurors had been convicted of a felony. Judge Harvey Schneider of Los
      NYT  -  372 words
    • Article, Illustration
      Lock icon Greek shipowners ready to invest heavily in secondhand tonnage
      505 44 Lloyd's List GREEK shipowners are ready to make substantial investments in secondhand tonnage, sources in Piraeus and London said. The first deals were clinched following the outbreak of war, indicating that hostilities did not dim optimism about trade prospects in various
      Lloyd's List  -  505 words
  • Page 27 Advertisements
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      216 27 SSWff HBK METAL CO pre LID 13 TUA3 AVf 14 SIWGAPO«£ 22* i TELE* RS 2«7« SMMCPL TEL: Ml StSS miF/u m wi urn Acwt ro* uhs i.r t M-i 111 i HIFT km HionM /mfjy I 1111 1 •CMcVKtarUR IH f'/mudß hill > -OMituNi HlSd L r«rq>M MWIifOH. tuutsu
      216 words
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      Page 27 Advertisements Column 2
      28 27 Container Schedule 17 Duly Fre<hts 17 Mo to Advertisers 3 Shppmg Gmde 10.11 Staps in Port 17 Singapore Tries 17 Veritas Report 1 Weather and Sea Conditions 17
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      89 28 for SUCCESSFUL MANAGEMENT OF YOUR ,BS,MISS sa Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look
      89 words
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      Page 29 Advertisements Column 1
      1997 29 JABDINE SHIPPING AGENCIES <M 0 Cantonment Road #12-05 South point, Singapore 0208 \lllf/ Tel *****11 TELEX NO ***** ■mill terminal CFS Tel *****18 220 rCDma'l BOOKINGS Tel *****34 258 1 vOOQf M >ESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG TEL *****18 NO MA*****/MA***** PENANG TEL *****4 TELEX NO MA*****
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      Page 29 Advertisements Column 2
      1225 29 INDEX jTOMWRJjSffIS -g Uoyd Tnestino 4 1/2 A Lucky Seaway 15 3 ABC Containerlinc 13 5 Lykes Lines Accord Group 8 1-3 i 1 AFS 15 1 I 5! 1 Ahrenkiei L |n er 16 3 Mac-Nels Agencies 14 1/2 1 t I Macd.nc 18 2/3 Alfred C Toepfer 15
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      Page 29 Advertisements Column 3
      2632 29 NEXT SAILING TO U.S.A. LOUIS MAERSK V.9102 ETA 29/1/91 Vmhl Voy ETA I ETO "Port 'Penang DESTINATIONS Singapore Kelang Thtt Lout* MlfW 9102 Feeder by CY »/< o&oo hbs BMl■■ ■§■^■1 cfs —»1 2VA Hfts M Tauro OAK LGB MOU MEM ATL M'A CHS BAL PHC I NYC MON TOR
      2,632 words
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      1232 30 -B v T~ Irottedaml ,1 if NO SPORE SOUTHAMPTON HAMBURG ANTWERP It HAVRE KASOGA 13/511 29/1 15/2 1"2 20/2 iKiiiUJ BREMEN EXPRESS 01/510 4/2 29/2 23/2 22/2 28'2 HccTg/ujiiifj p LIVERPOOL BAY 03/514 4/2 21/2 24/2 ?6/2 iret PENANG CARGO KATSURAGI 04.513 712 28/2 25/2 25/2 UK.CONTINENT WILL BENALDER 99/517
      1,232 words
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      Page 30 Advertisements Column 2
      526 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT 1.. J. lI4INTANG 21-2M/I 9/2 11/2 18/2 AISO ACCEPTING CARCO VIA SUVA TO LAUTOKA PAGO PAGO. APIA i NUKUALOAEA DIRECT CHILE SERVICE SIN IQO ANF VAP CALLAO SAN (PERU) ANTONIO L.J BONTANG 21-28/1 1/3 2/3 5/3 6/3 7/3 Caliao or Santiago ma
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      Page 30 Advertisements Column 3
      1315 30 ■Mfli REGULAR INDEPENDENT FULL CONTAINER SERVICE EUHU™ ALG) HAM) ROT) Iw71 w7 3as ss ss ss z ss: ss §s ss NORASIA SUN 9049 3 11/02 02/03 03/03 08/02 09/02 10/03 11/03 12/03 13/03 EiH:™, ss ss lis sis ss as ss us ss ALSO ACCEPTING CARGO TO ALL U
      1,315 words
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      Page 31 Advertisements Column 1
      1718 31 ®sSt(larners Maritime Holdings Ltd ■> Wf STRAITS SHIPPING ■m «*'VP >l»M>ir» li SraMl, KM MjUysU. Containers i* »■> Nc P*Uf| Spoie S'Ton H twij B>av»r frawi i.* ACCiPTS OUE SAILS <ASUC* 115.1 TQH 2101 ZilQl 'SIS 17«2 19® CARGO i«MtN t*»«SS 01.510 -HUH2JICI iMffi .t«f 24,U? 2?02 LIVERPOOL BAt 0)514
      1,718 words
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      Page 31 Advertisements Column 2
      1612 31 TO: g,9-A./PANAMA FM: U.S.A./PANAMA M.o»».ir» ">,%»! c ST E ->>«>"» «STSf 2! '3 °S CHOYAtt.MMI IF 07 Iflil u'l 111 il »1 1M 'i! MWN SEN If IK Ml 21,1 »1 77/1 1/2 W2 Utf Utf MiITO**SFNATMIf It* 1* < M til ",'i U AHAB'AN SIN *A 107 M 111
      1,612 words
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      Page 31 Advertisements Column 3
      394 31 goBBBDHK 2 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC SEKI ORANGE ORANOE PIONEER PINE OCEAN MOON VOY NO 11 25 94 9 S pore In Pt 26/1 27 1 301 P Kelang 21,1 27,1 1/2 Penang Yangor Mongla Chitlagong Calcutta Yokohama Nagoya Osaka 18/2 iSenboku Hochiminh
      394 words
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      Page 32 Advertisements Column 1
      728 32 HB CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSLVOY S PORE RDAM ADAM H BURG BREMEN ANTWERP MA TAR AM 2MB 4(2 8 3 13/3 16/3 20/3 TRIAS UNITY 002WB 4,3 M 12/4 17/4 21;4 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subject to Inducement Alto accepting cargo lo
      728 words
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      Page 32 Advertisements Column 2
      912 32 I 'M. I HANJIN SHIPPING FEEDER VSL SIN LINE HAUL LAX OAK S pore LEH RTM ANR HAM BRV FEL CHOYANG GLORY OTOE 281 H POHANC 106E 1» 2 20 2 HANJIN TONGHAE UBOW ?7;t 14 2 15 2 16? 16 2 18? 19? CHOYANC SUCCESS 01?E 4/2 H HAMBURG
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      Page 32 Advertisements Column 3
      177 32 LIAN HUAT SHIPPING A CO.. (PTE) LTD. 10 Anton Road, #14-19/20 International Plaza. V Singapore 0207. FAX: *****94 Telt: *****11/*****22 Tlx: PS ***** AB LENHUAT DAILY RECEIVING CARGO AT MARINA WHARVES GDN MO I TEL *****19 AND PI TEL 475M97 TO INDONESIA VESSEL ETA ETO DESTINATION WIRAS PERMATA NO lln
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      Page 32 Advertisements Column 4
      1529 32 IPKL SCP MKG KSC KIG PUS HKT OSK NGY SM7 TYO LAX CHS BAI NYC IHV ANN ROM IMP HBC PSD CMB PKL SCf> I E GOLDEN Rt OJ9 10/1 31/1 il2 i.2 «2 11,2 11/2 IS/? lfc2 U<7 142 11 H I 15 3 163 253 2fc3 271 2H
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      Page 33 Advertisements Column 1
      1375 33 ipping Times, Friday January 25 1991 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: 1?309?*****E) I BOOKINGS' FAR EAST'SERVICE—- 1 *****48'. TERMINAL OFFICE *****22 U MEN T ATIONDEPT: 2^^l^oll4 CFS K27 -IMPORT: *****69/*****50 CFS: K27 EXPORT. *****53/*****04 "■■T* Sl^»% B %M A 3«W7. Penang-(04) *****0, UM *****3. SUM KIS
      1,375 words
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      Page 33 Advertisements Column 2
      567 33 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE BALT ORIENT LINE DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND T KISILIV p 'OvsrrHH K KANEVSKIV t)TMM VI* ROTTERDAM BILBAO LISBON
      567 words
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      Page 34 Advertisements Column 1
      1105 34 LINE KAWASAKI KISbN KAISHA. LTD. P n. AMERICA. FACmC AMIUCA fAfIFIT IWWmHWgT 7 FEEDER VtSStL VOY -INOO fK/fW SCP BOTHER VfS«L WOT l« OA* CHI NYC /Ml WIT H B*iOCi 40 *U Wj W I* l 1] 22 1 M LIOMS GATE BRIDGE 13 73/1 26/1 BROOKLYN SHOW 37 17/2
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      Page 34 Advertisements Column 2
      1281 34 PHILI-OMCNT UN€5 PT€ LTD IP 108 ROBINSON ROAO »07 00 GMG BUILDING SINGAPORE 0106 y TEL *****22/*****69<*****00 TELEX RS ***** PHILI FAX *****76-*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION I vancouver. S'WESTERN ontario. 27 JAN DUBAI, DAMMAN, SHARJAH,
      1,281 words
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      Page 35 Advertisements Column 1
      1144 35 —rr™» iumj vauuai y v<i u*ri Of t PACIFIC INTERNATIONAL LINES (PTE) LTD /J Jf Jpn WL Building, 140 Cecil Street #0340. Singapore 0106. JAKARTA 1 I BANGKOK 1 sr s r 2 E? lOTA JADE 102 M l 1/2 PEGASUS PIONEER 117N xti 1 »l 3/2 GOWA 9102 Mil
      1,144 words
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      Page 35 Advertisements Column 2
      892 35 f BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL |VQY SPORE PKLANG SHAMPTON| HAMBURG BHAVEN R OAM L HAVRE Kasuoa 1+ 13/511 29/1 Via TOB 15/2 17/2 19/2 Liverpool Bay* 03/514 4/2 Va
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      Page 35 Advertisements Column 3
      327 35 «ggk MYANMA OA FIVE STAR UNE 1 (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIj Pen P.Gdg PAGAN Vl66* SM »n PI LOIKAW VIMW 27/21 Jen HP A-AM VISWf WX Jan PINYA VU3W In Pt PATNIEN Vim 9/12 Feb 4/1 Feb MYOMAYWA VI32W 4/f Feb >g& THE BANK LINE
      327 words
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      Page 38 Advertisements Column 1
      781 38 —lISW-I IMFSjte N INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUNO SIN FIX BRV ROM ANT HBG MECKLENBURG WMlOb In Pt 23/2 22/2 25/2 24/2 20/2 PANAMA SIN WFlOb 30/1 24/2 22/2 21/2 2S/2 EUROPEAN SEN WFIO7 5/2 1/3 2/3 21/2 I*3 BRANOENBURG Mil 06 5/2 6/3 5/3
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      Page 38 Advertisements Column 2
      1046 38 CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 02/02 ft 09/02 LONDON ROTTERDAM FELIXSTOWE ANTWBIP SOUTHAMPTON HAMBURG MANCHESTER LE HARVE AND ALL EVROPE INLAND DESTINATIONS FAR EAST PORT KELANG 1/02 8/02 MANILA 2/02 9/02 PENANG 1/02 8/02 BUSAN 2/02 9/02 BANGKOK 29/01 5/02 TOKYO 31/01 7/02
      1,046 words
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      Page 38 Advertisements Column 3
      284 38 IN M I VOI J I II I 10*01 WC FOR VfSSII I SPORE ~1 CBO 0«N BAIRES WIMO R,O SIS WIT PACUA HosTWEEN i V* M W OPT V >ISM 2 DISCHARGING FM BRA2IL rtsstl SPORE MM *EE ,0 "CO ROfl MOSTWEE Nt trt u i it i I
      284 words
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      Page 38 Advertisements Column 4
      1278 38 r te ts is S? CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE TEL SIo^.P 2 MISTRI ROAD HMC BUILDING TEL F AX Sstt CABLE COSTARLINE CR NO: **********0 M General Agents: COST AH SHIPPING PTE Liu TO EUROPE FROM EUROPE VESSEt VOT SOP ROT HAM FIX AWT PKK VESSEL
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      Page 39 Advertisements Column 1
      741 39 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA All IPI Destns 26/1. 31/1 I EUROPE all Ports 26/1, 2/2 BANGKOK 28/1, 31/1 HONGKONG/CHINA 26/1, 29/1 SYD, MEL, ADEL, BRIS 28/1, 4/2 FREMANTLE 1/2, 8/2 MANILA 28/1, 7/2 PKLG/PENANG 30/1, 3/2 Port Kelang Branch Tel: *****21/2/3 Fax: *****24
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      Page 39 Advertisements Column 2
      265 39 fca RICHFIELD MARINE AGENCIES (S) PTE LTO S TEL: *****33 (12 Llnaa) fyl FAX: *****15/*****03 fTI TELEX: RS ***** RISHIP (3 Llnaa) |f*T\ ETHIOPIAN SHIPPING UNES J (National Lines of Ethiopia) ACCEPTTNG FCL ANOT CONVENTIONAL VESSfI VOY ETA I LOADING FOR SPORE ABB AY WON/ J'WB 10/02 DARESSALAAM MOMBASA DJIBOUTI
      265 words
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      Page 39 Advertisements Column 3
      770 39 MASKAPAI PELAYARAN LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA, MALAYSIA I. THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS t WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INOOMttIA SiBVtCC 1 VSL VOY SIN JKT PAJ
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      Page 39 Advertisements Column 4
      612 39 1| i\Pf CR 1,0 1033,W0000t BANGKOK CEBU/MANILA VESSEL VOY SINGAPORE BANGKOK VESSEL VOY SPORE CEBU MANILA JENLINU 41N ffi In Pt Mon 21/1 SO STAR MA 26/1 m 2/2 SIAM PAETRAa* 62N Sit 26/1 Tut 29/1 KIT! BHUM OSB 31/1 6/2 8/2 MAHA BHUMO 44N Mon 2»/l Thur 31/1 SO
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      Page 39 Advertisements Column 5
      414 39 TO AUSTRALIA/NEW ZEALAND ["vSL P P>«JS Eife liii Ifcxi fiiPE |p CKALM E HUDIC2MN L/ 2 W 14/2 I*2 23/2 7v? 2tt i BRUSSEI OS 17/2 W 1.3 S3 103 111 C VEROUK 2H 1/3 103 I*3 51 7V3 273 W3 ANTWIRPCN 2*7 W 2M »3 51 M MM 134
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      Page 40 Advertisements Column 1
      1106 40 MAC-NELS SINGAPORE EXPORT TEL: *****22 import TEL *****02 TEL: (04) 634b36 KK TEL (088) 2422b0 TAWAU TEL: (089) 7/86/9 KELANG TEL (03) *****// KUCHING TEL (082) *****3! SKAN TEL (089) I f\—/\ }|j BAHHU TEL (0/) *****2 SIBU TEL (084)*****2 I.ABUAN TEL (08/) 414b99 JAKARTA TEL (21) *****32 MEDAN TEL
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      Page 40 Advertisements Column 2
      429 40 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI KUIjIJY CONTAINF.KISKI) MON THLY SAII.INGS DISCHARGING AT NKW PLYMOUTH I'OKT CHALMERS ACCKKTING FCI. U'l. H)R AUCKLAND. NAI'IKK. WKI.I.ING TON. BLUFF, CHKISTCIIU'RCH, DUNKIHN. LYTTKLTON, INVKRt'ARGII.. FIJI ANI) TAHITI SIN N Pl* AUCK LTT PREMIER 10S 2 Feb IS Feb Via NPI
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      Page 40 Advertisements Column 3
      1089 40 /3CI THONG SOON LINES PTE. LTD. 1 si Bras Basah Rd #01-01 Plaza By The Park S (0718) m Tel: *****22 Fa* No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES)~ SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL [tf«T [ETA [pEST VESSEL |WT I ET* IST KIM SOON U 04.911 31
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      Page 41 Advertisements Column 1
      968 41 COMPANIA PERUANA Yb£gL OE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBUIKiFCIiSOC CARGOES TO/FROM CALLAO, MATARANI. ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING Penang* P Kelang Singapore EMsia THOMASEVERETT 31 Jan/02 Feb 03(05 Feb KARABIEVERETT 05 06 Feb 07 09 Feb 12/14 Feb ROSEEVERETT 14;
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      Page 41 Advertisements Column 2
      551 41 vsi TvoyTs pori [mainliner Ilax Ikst Isav [hyc Iwrx ZIM YOKOHAMA 14E H,l 7iM AMERICA 11 1 2/J S 3 7,3 93 A VESSEL Ml 7iM KEELUNG 212 M /I %1 111 KM OSAKA 16E 12 ZIM HONGKONG ||l 113 14 3 17 3 193 A VESSEL > 2 ZIM
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      Page 41 Advertisements Column 3
      719 41 ■41 SING HWANG HANG SHIPPING TRANSPORTATION (PTE) LTD WJJgk WEEKLY LCL/FCL SERVICE I VESSEL |S PORETJAKARTA SURABAYA MEKHANIK KURAKO V 46N 31/1 03/2 EQUATOR JOY V 13N |02/2 I OS/? [~VESSEL I SPORE BANGKOK A VESSEL 03/2 06/2 A VESSEL 14/2 I 17/2 I DESTINATIONS ETA SINGAPORE PORT KELANG 01
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      Page 41 Advertisements Column 4
      588 41 PERINTIS LINE j1 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SJN JKT SBY PFIOPOH 97? 26/01 29/01 PHAStfIA 141 A 31/01 03/01 PEI.OPOH 973 02/0? 06/02 PFAM Gl OHY 01 04/0? 07/0? PHAStTIA 143 A 07/0? 10/0? TAN TO UTAMA 137 ?8/01 31/01 TANTO UTAMA 139 04/02
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      Page 41 Advertisements Column 5
      399 41 SIN FAN EAST 27/1 KEELUNG/KAOHSIUNG 2/2 BANGKOK 28/1 MANILA/CEBU 2/2 JAKARTA/BELAWAN/SURABAYA 2/2 PORT KELAN6/PENANG/E. Malaysia 29/1 BUSAN 27/1 TOKYO/YOKO/KOBE/NGO/OSA 29/1 HONG KONG also accepting cargo to Huangpu Shenzhen Fuzhou/ Xiamen/Xingang, Shanghai S!f| EUMPE/UK 2/2 LDN/FLX/LVP/SOU 2/2 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania'Poland Bulgaria Czech. SIN MSA/CANADA 30/1 LOS
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      Page 42 Advertisements Column 1
      731 42 "31 CB SHIPPING I I d™s> Ci MARINE SERVICES I NORTH QUEENSLANDPAPUA NEW GUINEA SERVICES CONTAMIR/LCI/BREAKBUIK SERVICE "ANKE" SERVICE )AK SPt POM LAE rVlllC Y7ISB »i 122 IV? PNG FREIGHT RATES Pti 110 LCI CARGO 8 BUI* GENERAL;FAK USOIStf USEMS K T USO7I R T -ISO*! CLASS I USOUSI) USD'
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      Page 42 Advertisements Column 2
      434 42 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEUVOV ET« SPORE NAPLES GENOA ItYKNeVSK MEBSiN TMESre c r, V25-90W 30/1/91 26/2791 16/2/91 i 1/^*l KVU VOIDWMI I' 2/91 22/2/91 24/2/91 1/3/91 ST vSSST wSR 3/3/91 /3/91 S! 4/3/91 ,A cpi, f v vf, if. MK ANO LAhPEZIA PROVAGUO BARCELONA ZURICH VENEZL A MARSEILLES
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      Page 42 Advertisements Column 3
      448 42 VESSEL SIN PTL DSN RBV ALS STRENGTH VOIW 02/02 12/02 17/02 22/02 OANAOS VO3W 09/03 19/03 24/03 27/03 > A VESSEL VO4W 21/03 31/03 05/04 Accepting FCL and LCL for Johannesburg H22EE3mi VESSEL MT DSN PTL SIN KEE BUS ALS TRUST V32E 01/01 06/01 23/01 01/02 10/02 13/02 I ALS
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      Page 42 Advertisements Column 4
      1050 42 CUJt con-rnv mTEßmnnn(\ LCL/FCL SERVICE FROM fX/ f f Ifil B i CtLfl operate* over 600 terminals/offices in U.S.A. i I I MnH /JA\ Aam maintains over 35,000 tractors trucks. II VI Imm Aam serves over 60 000 points in U.S.A IJH jOm offer reliable LCi/FCL services. Gerwal Ag*nt» 7X?AA/<r7/A/*Qr/7
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      476 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) I HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 1200 ***************0 **********10 20H 21N *****310 ii n ia 7 1 7 6 7 4 20 16 1 3 1 1 09 09 10 1.3 1.5 18 19 19
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      Page 44 Advertisements Column 1
      399 44 I KWANG CHUN TRADING ENTERPRISE PT. PELAYARAN. XJ*MUTIARA SAMUDBA AGUNG KUALA SIAK IV 28/1 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 1/2 DUMAI/PEKAN BARU ABADI JAYA 25/1 PEKAN BARU/OUMAI KUALA SIAK V 25/1 BALIKPAPAN/SANARINDA SENGGATA (TG BARA) 5 vessels (weekly) to PERAWANG/PEKAN BARU/OUMAI 3 vessels (weekly) to BATAM SUMATRA PORTS Also accepting cargo
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      Page 44 Advertisements Column 2
      605 44 ZkHYUNDAI] MERCHANT MAWNE CO. LTD. EASTBOUNP TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOV L»H OAK S€A —HW «H_ HYUNDAI PIONEER 5 W 7/2 2*2 *2 Jg W HTUMMU CHALLENCCR gg Jjg HjU U/l 23A HYUNDAI COMMANDER 23£ 9/2 11/2 4/3
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      Page 44 Advertisements Column 3
      469 44 CHARTPOINT Every Saturday in Business Times UK/CONTINENT (TRIO) «su«,u*u H sr-s IHRIH ww* umss «Lw JI M M ►m???' LIVERPOOL lAV BITU4 12 202 23,: H/2 South*H(l«<ir to aM UK dMlinatxim Belfast win Duoim B||lj||||^B KATSURACI Ot/SU 70 MO Ufl 2*2 MEDITERRANEAN (MED CLUB)* JEDDAH m»w sr aga&«'««< s MONT
      469 words