The Business Times, 8 March 1991

Microfilm: NL17466
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Friday, March 8, 1991 75*
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  • NEWS SUMMARY
    • Article
      Sri Lanka to hold first major election in two years
      78 1 SRI LANKA's Elections IX*partment said yesterday that local council elections would be held soon, the country's first major poll in two years. The Elections Commissioner said in Colombo that nominations would be accepted from March 21 to 28. He added
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    • Article
      Need to adapt
      36 1 WHILE Singapore's short-term economic prospects are brighter with the Gulf war virtually over, the Republic's future success will depend on long-term planning and the ability to respond quickly to changing circumstances Page 2
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    • Article
      Oversupply threat
      24 1 ASEAN's petrochemical industry faces the possibility of oversupply by the year 2000 it all planned projects are completed on time Page 2
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    • Article
      Strong economic team
      26 1 THE new Thai Cabinet features a strong economic team which will keep high growth policies on track, say bankers and economists Page 7
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    • Article
      Fed chief optimistic
      41 1 THE US ECONOMY should pick up in the coming few months following a boost to consumer and business confidence due to the rapid end to the Gulf war, says the chairman of the US Federal Reserve Page 8
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    • Article
      Bid to tie aid to sales
      33 1 THREE leading American senators have presented a Bill to tie US foreign aid more closely to sales of American-made goods in the countries being helped Page 8
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    • Article
      Time on her hands
      29 1 AFTER more than three months, former British prime minister Margaret Thatcher still does not seem to know the meaning of the word "retirement" Page 11
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    • Article
      E Bloc film drought
      25 1 THERE is a noticeable drop in the number of Eastern European films at the Berlin Film Festival this year Page 17
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    • Article
      IMC headed for S'pore
      32 1 IN LINE with its expansion in South-east Asia, Hongkong shipping major International Maritime Carriers (IMC) is moving its operational headquarters to Singapore this July Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      23 1 THE DOW JONES index of 30 leading industrials slipped 5.45 points to 2,967.82 in the first five minutes of trading yesterday.
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    • Article
      Footsie lower
      42 1 SHARE PRICES in London were lower at midday yesterday on some profit-taking, but dealers said they didn't expect them to fall far. At about 1215 GMT, the FTSE 100-Share Index was down 17.4 points, or 0.7 per cent, at 2,442.5.
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    • Article
      MUI takes next step
      20 1 DIVERSIFIED conglomerate Malayan United Industries is embarking on the next phase of its growth Page 3
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    • Article
      Move to divest
      43 1 HONG LEONG (M) has divested about 10 million shares in United Engineers, bringing its stake from about 10.06 per cent of UE's enlarged share capital of 155.13 million shares as of last October to about 3.6 per cent Page 3
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    • Article
      Jardines on the move
      24 1 JARDINE MATHESON looks set to leave Hongkong again and signs are that it is heading towards the City Page 3
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    • Article
      Citicorp sells stock
      26 1 CITICORP has sold US$6OO million in preferred stock, completing one of the key portions of its plan to strengthen its finances Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 747.58 +8.71 Kuala Lumpur 599.81 +3.52 Kongkong 3,658.24 10.91 Tokyo 26,397.96 +14.97 Sydney 1,412.3 -2.1 Wednesday Change New York 2,973.27 +0.75 London 2,459.9. +39.8
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    • Article
      CURRENCIES
      19 1 Exchange rates USS SSI.7400 100 Yen SS1.2822 MS SS0.6374 Money market rates Overnight 4-3/8 unch 3-month 4-13/16% -t-1/16
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    • Article
      COMMODITIES
      38 1 London Gold AM fix USS366.25 USS2.65 Rubber S'pore Apr.... 145.75'/kg unch M'sia Apr 227.00'/kg unch KL Tin Turnover 45 tonnes +10 Spot MS 14.91 /kg unch Crude palm oil Turnover 1,114 lots +26 Mar MS860 /tonne 8
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  • Article
    NatSteel lowers price of steel bars by 10pc
    465 1  -  Cut sends share price plunging on heavy turnover By Elaine Koh NATSTEEL, Singapore's sole steel producer, has reversed a two-year trend by lowering the price of its steel bars by 10 per cent, causing its share price to plunge on the market
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  • Article, Illustration
    Business as usual at Marina Village
    429 1  -  Investigation into bank scandal underway By Amy Balan IT IS BUSINESS as usual at Marina Village International, the upmarket food-and-entertainment complex in the centre of a Norwegian bank scandal. "All our papers are in order," said creative director Jessica Leo. She was referring to
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  • Article
    India awaits presidential verdict
    208 1 FORMER prime minister Rajiv Gandhi and parliament Speaker Rabi Ray met President Ramaswamy Venkataraman yesterday as India waited for a presidential verdict to end the uncertainty triggered by the premier's sudden resignation. The parliament adjourned without transacting scheduled business in the face ot the political crisis
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  • Article
    In Executive Lifestyle tomorrow
    202 1 Where is Saddam Hussein? Contrary to popular belief, he's not waiting to launch a counter-attack against the Allied forces. Actually, he's I just sitting around, very depressed now that he's got to start looking for a new job. In a short play, Jaime Ee visualises life
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  • Article
    Share prices close mixed amid bouts of profit-taking
    381 1 SHARE PRICES on the Singapore market closed mixed yesterday after three straight gains this week as buying interest alternated with profittaking. The Straits Times Industrials Index, which lost 27.15 points at midday, recovered to close at 1,512.57, up 1.64 points on Wednesday's
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  • Article
    Lock icon West Germany heads for 2.5 per cent growth
    142 1 AFP THE ECONOMY in what was formerly West Germany is heading for growth of between 2.5 per cent and three per cent on the basis of gross national product in 1991, the government said yesterday. The forecast growth, while representing a fall
    AFP  -  142 words
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      252 1 (O^ "to' •Oi-07 Otdiad (n»U Tat 7)4*4)1 lUTudw Court T-: 7J4| 2 J2. •02-03 CM* Od»«rf. TW: 7V45H) Kao o®"* Com S *02 -00 On*** •01- 11, u««« Court. r«fc Aircraft Schedule 27 Money Market 25 World News 8 Commodities 26 Regional Co News 4 Cryptic Crossword 27 Regional News
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      10 1 Gandhi aiming to succeed Shekhar, Pg 8 leader, Pg 10
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      97 1 VI —lU CidJ UC=lA—/ Tgf Quadruple Zoom f Auto Two Colcjr BALLY BOUTIQUE in SINGAPORE: Shaw Centre/Raffles City/Royal Holiday inn BALLY AUTHORISED DEALERS Champion Shoe Co Chanrai Branches Singapore Daimaru Djien Bouttaue Euro Shoe Shop Branch isetan Branches Jet Wind Department Store DFS Branches Meiwam Branches Mohamed ishak Enterprises Pte
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Covering confined spaces
        83 2 IN VIEW OF accidents in confined spaces like trenches, sewer lines and manholes, the Ministry of Labour will soon enforce the Factories Act for the protection of workers at these worksites. The Factories Act currently does not cover these worksites under the general meaning of "factories". Next
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      • Article
        Brush up, shape up
        100 2 SINGAPORE must improve the productivity of its furniture industry, said Dr Aline Wong, the Minister for Health, yesterday at the Third Singapore Furniture Export Show. The event is held in conjunction with the Bth Asean Furniture Show. In making the call, she said there should be
        100 words
      • Article
        Privilege card scheme
        46 2 DBS FINANCE and its subsidiary, Great Pacific Finance, have set up a new privilege card scheme called the "FD Card". The scheme is open to depositors with personal deposits of $20,000 and above for at least one year with the DBS Finance Group.
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      • Article
        New Zealand calling
        53 2 THE New Zealand Tourism Office in Singapore is spearheading a Tourism Marketing Group to promote New Zealand as a tourist destination for Singaporeans. It represents industry leaders like Air New Zealand and Singapore Airlines and various tourism companies and aims to market New Zealand more effectively through
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    • Article
      URA makes application procedure easier
      204 2 THE Urban Redevelopment Authority (URA) yesterday released the first of a series of handbooks on development control applications as part of its exercise to improve service. The authority has hired two agencies to help in its efforts to improve service. One is Service Quality Centre
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    • Article
      Long-term planning, quick response to changes vital to success
      349 2 SINGAPORE'S short-term economic prospects are brighter now that the Gulf War is virtually over, but longer-term growth and developed country status by the year 2000 must still be earned. Minister of State for Trade and Industry Mah Bow Tan said yesterday.
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    • Article, Illustration
      Bank Cantrade opens office here
      241 2 BANK CANTRADE AG officially opened its regional representative office in Singapore yesterday. It joins eight other Swiss banks with operations in Singapore. Werner Luthi, deputy chairman of the executive board of Bank Cantrade in Zurich, said the Singapore office would act more as a communication
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    • Article
      Oversupply if all petrochem projects are completed
      226 2  -  Chemical Week Asia-Pacific By Carolyn Lim THE petrochemical industry in Asean may face an oversupply problem by the year 2000 if all planned projects are completed on time. But the oversupply may not materialise since many of the projects face serious problems in
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    • Article
      Du Pont expects $7b sales from Asia-Pacific
      290 2 AMERICAN chemical giant Du Pont expects to increase its Asia-Pacific sales to nearly $7 billion by the middle of the decade. "In 1990, our sales in the region were in excess of $3.4 billion. We anticipate that this will more than double by
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      52 2 \1a> be a <>lcano erupted and a piece of molten roek hit them and the> I'orgot about us."> "Maybe they "Mm In- \laric\ "Jn lo slrclch (heir lei"-. around." and there \>as a flood V *>\ Shangri La hold 'Vi? >J sl\(, \l'( )Kt X 1/ f i L i
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      MUI embarking on next phase of growth
      627 3  -  From William Chia in KUALA LUMPUR MALAYAN United Industries (MUI), which was transformed from a small brush maker into a diversified conglomerate through controversial equity swaps engineered by its chairman Khoo Kay Peng, is embarking on the next phase of its growth. It
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    • Article
      S'pore Aerospace raises paid-up capital of Sasco to $7m
      298 3  -  By Dexter Lee SINGAPORE Aerospace has again raised the paid-up capital of wholly-owned subsidiary Singapore Aviation Services Co (Sasco), signalling a determined push in expanding the latter's overseas operations. This time, the parent more than doubled its investment in the company
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    • Article
      Lock icon Sports Toto units raise Singer stake
      116 3 Bernama SPORTS TOTO Holdings Bhd said yesterday its two wholly-owned subsidiaries, Sports Toto Malaysia Bhd and Garima Holdings Sdn Bhd, have purchased an additional 9.975 million MSI shares in Singer Holdings (Malaysia) Bhd for M 537.71 million. The purchases, which were carried out through
      Bernama  -  116 words
    • Article
      Jardines looks set to leave HK again
      551 3  -  THE HOCK LOCK SIEW COLUMN By Catherine Ong THE FUSS being made about whether Jardine Matheson breached a buy-back rule of the Hongkong stock exchange detracts from a potentially more significant issue the shift of its primary listing to London. Guilty or not,
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    • Article
      Hong Leong (M) reduces UE stake to 3.6pc
      353 3  -  By Genevieve Cua HONG LEONG Company (Malaysia) Bhd. controlled by Quek Leng Chan, said it had divested 10 million shares in the publicly-listed United Engineers earlier this week, reducing its stake to an estimated 5.6 million shares or 3.6 per cent. The
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    • Article
      Another successful year: Hong Leong
      171 3 THE Hong Leong Corporation group did well last year, says managing director John Wong in the latest issue of the group's newsletter. The Rheem Far East group of companies turned in the best results in terms of profit contribution, noted Mr Wong in his new
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    • COMPANY BRIEFS
      • Article
        Singatronics sets up two subsidiaries
        96 3 LISTED Singatronics yesterday announced that it has incorporated two wholly-owned subsidiaries Singatronics Holdings and Singatronics Techno Services. Singatronics Holdings, an investment holding company, has a paid-up capital of S2. Singatronics Techno Services will provide management, technical and consultancy serv ices as well as resources to
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      • Article
        Cifel takes up stake
        129 3 CHEMICAL INDUSTRIES Far East Limited (Cifel) yesterday subscribed at par one million ordinary shares of $1 apiece in Chemair Investment, a dormant company since it was set up last year. At the same time, a Thai company has subscribed for 550,000 shares in Chemair, raising its
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      • Article
        Abacus raises paid-up capital
        40 3 ABACUS TRAVEL Systems, a Singapore Airlines subsidiary has increased its paid-up capital from $2 million to 14 million with the allotment of two million additional shares of $1 each. The shares were fully paid in cash.
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      • Article
        Change of directors
        61 3 AVI MO SINGAPORE yesterday announced that Mr Kevin Yap Foo Seong is no longer a director of the company. Meanwhile, Yamaichi Dae Fund said Mr Naoshi Saito was replaced on Feb 18 by Mr Isamu Ogasawara as a board director. And Great Eastern Life Assurance Company said
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      • Article
        D&C Bank shares sold
        35 3 DEVELOPMENT Commercial Bank Bhd has been informed by Technology Resources Industries Bhd that the latter had disposed of 45.26 million shares in the bank registered under various names on Feb 26.
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      Page 3 Advertisements Column 1
      139 3 The alternative. A k ANA HOTEL SINGAPORE FOR THE WORLD'S MOST TREASURED WATCHES MONTRE ROYALE I One establishment in Singapore houses some of the world's most fashionable and exquisite watches. n The name: Cortina Watch Centre. The most trusted place to purchase outstanding timepieces like Montre Z Royalede Geneve. Cortina
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Asia Motors Corp bags US$12m Polish order
        116 4 ASIA Motors Corp has received an order from Poland for 1,150 wagons and mini-buses altogether worth US$l2 million, the South Korean motor car maker said yesterday. Asia Motors officials said the order from the Polish company Stomex was the first one from the
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      • Article
        Mitsubishi in US catalytic deal
        84 4 JAPAN's Mitsubishi Petrochemical Co and Mitsubishi Heavy Industries Ltd will produce catalytic substances in North Carolina in a joint venture with Corning Inc of the US, company officials said on Wednesday. Titanic oxide catalytic elements to be produced by the joint firm will be used
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      • Article
        Woodside's net profit up
        105 4 AUSTRALIA'S North West Shelf natural gas project operator Woodside Petroleum Ltd said an increase in liquefied natural gas (LNG) cargoes to Japan helped more than double net profit in calendar 1990. Woodside, 40 per cent held by the Royal Dutch/Shell Group and 10 per cent by
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      • Article
        No inquiry into Murdoch
        101 4 AUSTRALIAN Treasurer Paul Keating ruled out an inquiry into whether Rupert Murdoch's News Corp Ltd controls too much of the country's media. An inquiry had been sought by Labor politicians on the government's communications committee, a watchdog specialising in media, and by the Australian Journalists Association.
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      • Article
        Japanese, French in fibre tie-up
        96 4 A LEADING Japanese textile firm, Unitika, and French firm Dolfuss Mieg and Cie (DMC) have agreed to set up a joint venture in April in France to produce synthetic fibre, the Japanese company said on Wednesday. The joint venture, Inoseta SA, would be aimed at
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      • Article
        Renison closes major tin mine
        89 4 RENISON Goldfields Consolidated Ltd said it has closed its Renison underground tin mine at Zeehan in Tasmania and put it on a care and maintenance basis. Renison said the closure followed the failure of an agreement between the company and unions on a restructuring plan
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      • Article
        Discouraging Aussie gold move
        36 4 AUSTRALIAN gold mining companies may be forced to start looking overseas for new projects because of Australian government policies that discourage mining in the country, the 1991 Australian gold conference was told.
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    • Article
      Delay causing anxiety about skytrain project
      620 4 EQUITY PARTNERS and financial institutions backing the skytrain project in Bangkok have displayed anxiety over the future of the longdelayed project. They have indicated that they might consider withdrawing from the project unless a contract is signed within a reasonable period of time reported
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    • Article
      Lock icon Brierley Investments launches takeover of Industrial Equity
      508 4 BIL also discloses first interim profit dip Reuter NEW ZEALAND'S Brierley Investments launched a takeover of its Hongkong-based unit Industrial Equity (Pacific) yesterday and announced its first interim profit dip since the 1987 share market crash. The investment company, which was built up
      Reuter  -  508 words
    • Article, Illustration
      Lock icon Japanese firms join hands with TSE to woo small investors
      606 4 Reuter JAPANESE companies, often accused of neglecting shareholders' rights, appear to be cooperating with a Tokyo Stock Exchange (TSE) campaign to recapture the droves of individual investors fleeing from equities, analysts say. "After the stock market collapse last year, companies
      Reuter  -  606 words
    • Article, Illustration
      HK aircraft firm's growth defies market forecast
      391 4 HONGKONG Aircraft Engineering Co (HAECO), which handles and maintains aircraft at Kai Tak International Airport in Hongkong, ended last year with a 4.9 per cent growth in net profit to HK5289.4 million (5564.7 million), a result largely unexpected by the market. According to
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    • Article
      Lock icon Toray sets up second plant in Thailand
      246 4 AFP JAPANESE textile giant Toray Industries Inc announced yesterday details of a second polyester plant in Thailand involving a new subsidiary and a total investment of 18 billion yen (SS23I million). The company, Japan's biggest textile concern, said the new plant would be
      AFP  -  246 words
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      139 4 THE LURE OF JAPANESE BUFFET i HSHRife A /3 i$ Weekend Buffet Lunch (March 1-31) SENBAZURU Saturdays and Sundays will be hearty lAPANESE RESTAURANT rr devei 6) affairs this March at the Senbazuru with over 25 sumptuous selections of Japanese favourites. This buffet lunch at $23 includes the lip-smacking likes
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Deal may pave way for Carl Zeiss firms to reunite
      399 5 Privatisation body to cover debts and lay-offs Reuter GERMANY'S Trcuhandanstalt privatisation agency has announced a major deal which could pave the way for the two halves of optics maker Carl Zeiss to reunite after over 40 years of forced separation.
      Reuter  -  399 words
    • Article
      Lock icon Judge leaves door open for counter bid for FNN
      521 5 NYT A BANKRUPTCY JUDGE left the door open on Wednesday for a bidding war for the troubled Financial News Network Inc. Federal Judge Francis G Conrad in Manhattan upheld General Electric Co's contract to acquire FNN for US$lO5 million (*****.1 million),
      NYT  -  521 words
    • Article
      Lock icon Omni fails to resolve debts, asks court to appoint receiver
      318 5 FT OMNI HOLDING, the master company of Werner Rey, the Swiss financier, on Wednesday asked for a receiver to be appointed after acknowledging it had tailed to resolve its debt problems. Mr Rey, who had resigned from the chief executive
      FT  -  318 words
    • Article
      Lock icon Daimler-Benz, Mitsubishi postpone talks
      507 5 INI DAIMLER-BENZ AG and Mitsubishi Corp have postponed a key meeting this month, fortifying a growing market impression that the grand strategie alliance of the largest companies in Germany and Japan may be facing major obstacles. Spokesmen for DaimlerBenz said on Wednesday that a high-level March
      INI  -  507 words
    • Article, Illustration
      Lock icon Way clear for Apple to go on with law suit
      493 5 NYT A US federal judge has helped clear the way for a trial to begin in the thrccycar copyright lawsuit filed by Apple Computer Inc against Microsoft and Hcw-lett-Packard. Judge Vaughn Walker of the US District Court in San Francisco
      NYT  -  493 words
    • COMPANY BRIEFS
      • Article
        Rolls-Royce likely to report higher profits
        114 5 AERO-ENGINE maker Rolls-Royce pic was expected to re-' port 1990 pre-tax profits of £255 million (SsB4o million) tO (i £265 million yesterday, a rise of around 11 per cent on the.'. £233 million posted in 1989, analysts said. Research and,'; development (R and D)
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      • Article
        BICC expects hard times ahead
        85 5 BICC pic on Wednesday said trading conditions this year 1 were unlikely to improve, and may even worsen, but costn.' control would sec the company through the period with a satisfactory performance. The international cables and con-. struction group announced 1990 pre-tax profits down 9
        85 words
      • Article
        GKN sees difficult conditions
        88 5 A GKN pic, one of Britain's leading engineering groups, said trading conditions in the next few months are certain to be difficult. The company made the forecast as it announced 20 per cent drop in 1990 pre-tax profits to £172 million. GKN chairman David Lees said:
        88 words
      • Article
        Improved mainframe computers
        108 5 AT A news conference in New York on Wednesday, Unisys?,. Corp unveiled new mainframe computers that it says are the,,,, fastest in the industry for commercial applications. A com-.-i puter maker struggling to return to profitability, Unisys its new computers will be the world's quickest for on-line",
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      • Article
        Alcatel results up 47pc
        112 5 ALCATEL cable group on Wednesday announced a consoli-, v dated result of 1.19 billion francs for financial 1990, up per cent from 817 million francs the previous year. It noted that it had changed some accounting methods between th&Z, two periods. Sales for financial 1990 totalled
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      • Article
        ABB re-opens offices in Kuwait
        75 5 THE Swiss-Swedish Asea Brown Boveri (ABB) engineering-' company on Wednesday said it had resumed its activities Kuwait and was examining the extent of damage to the*" Kuwaiti electricity infrastructure. The study would show what could be repaired and what would have to be re-built. The
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      66 5 v i-lki*// j SO 103 "Sj SD 104 r, ""W Outside H375xW485xD394mm Outside H62BX W495x D42smm "1 I NK 3^ j NHS 33 wfei.,3 -*KCS 217 I CS-218 •Pneumatic Height Adjustment c Thermoplast Footbase .3 Allmatic Mechanism Blk 1003 Aljunied Ave.s #01 -61 3 02-77 International Plaza Aljunied Ind. Est.
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      181 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        UK banks not to blame for profit fall
        91 6 THE DROP in profits of Britain's major banks was not the result of irresponsible lending, but of the unforeseen depth of the recession in the UK, National Westminster Bank pic chairman Lord Alexander said. The profit fall over the last year was
        91 words
      • Article
        Merged regulator named
        42 6 THE MERGED Self-Regulating Organisation covering futures and securities will be called the Securities and Futures Authority Ltd, the Securities and Investments Board said. The Association of Futures Brokers and Dealers and The Securities Association will merge on April I.
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      • Article
        Net US$4.16b stripped
        53 6 THE AMERICAN Treasury Department said a net US$4.l6 billion (about Ss7 billion) of government securities were stripped in February, up from U552.57 billion stripped in January. The STRIPS, or Separate Trading of Registered Interest and Principal of Securities Programme, arc created by separating the interest coupon from
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      • Article
        No immediate rate cut: Keating
        71 6 AUSTRALIAN TREASURER Paul Keating said a further fall in official interest rates would depend on the economy but ruled out an immediate fall. Asked in parliament when rates would fall, Mr Keating said he believed banks had scope to cut their home loan rates. "As
        71 words
    • Article, Illustration
      Lock icon Citicorp sells US$600m in preferred stock
      559 6 NYT CITICORP announced on Wednesday night that it had sold US$6OO million (about 551.02 billion) in preferred stock to a broad group of investors and had thus completed one of the key portions of its plan to strengthen its finances. The announcement came just
      NYT  -  559 words
    • Article
      Lock icon China may allow foreign banks in Shanghai
      270 6 Reuter CHINA'S central bank has accepted applications from six foreign banks to open full branches in Shanghai and formal approval is expected soon, the China Daily said. Applications were formal- ly accepted from Citicorp's Citibank NA and Bank America Corp of the US,
      Reuter  -  270 words
    • Article
      Lock icon Thai commercial banks may cut lending rate
      143 6 AFP lIIAILAND's five largest j commercial banks are negotiating to lower their prime lending rate to 14 per cent over the next few months and push deposit rates down. Senior executive vicepresident Piti Sitthi-amnuay of Bangkok Bank said his bank, Thailand's largest, would
      AFP  -  143 words
    • Article
      Lock icon HK plans to tap markets for up to HK$1b for a start
      309 6 FT HONGKONG is to enter the international bond market later this year when it will raise short-term money to help finance HKSI(X) billion (about SS22 billion) plans for an international airport and allied infrastructure projects. T his was
      FT  -  309 words
    • Article, Illustration
      Lock icon A growth triangle in the M-E?
      41 6 Saudi Foreign Minister Saud Al-Faisal (right) and his Kuwaiti counterpart, Sabah al-Ahnicd al-Sabah, signing a security and economic cooperation accord grouping Syria, Kg\pt and Saudi-led Gulf Cooperation Council in Damascus on Wednesday. Reuter Reuter picture
      Reuter picture  -  41 words
    • Article
      Lock icon Bundesbank official calls for review of money policy
      302 6 FT KARL THOMAS, a member of the Bundesbank poliomaking council, has issued a strong pica for the casing of minimum reserve requirements in order to help repair the relatively uncompetitive position of Frankfurt's financial markets with respect to London. "The question is
      FT  -  302 words
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      476 6 8 DBS FINANCE GROUP Our New FP Cord... Brings You Excbsrve Privileges... Automatic Revolving Credit Share Financing Facilities of Interest rate discount of "First year 0.25% interest VISA connection with up to Facilities up to value of the up to three times the value 0.25% from board rates on rate
      476 words
  • Page 6 Miscellaneous
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  • THE REGION
    • Article
      Thai businessmen happy with Cabinet lineup
      462 7  -  From Michelle Rowe in BANGKOK THE NEW Thai Cabinet, named this week by caretaker Prime Minister Anand Panyarachun, consists of a dynamic, competent and well respected lineup of experts in their field, according to the Thai businessmen interviewed by Business Times. Exxon Chemical Thailand
      462 words
    • Article, Illustration
      Lock icon US may impose economic sanctions against Burma
      238 7 Reuter THE United States is considering imposing economic sanctions against Burma because of its failure to restore democracy, a senior State Department official said on Wednesday. "We are currently considering what economic sanctions against Burma might be appropriate and will notify Congress promptly
      Reuter  -  238 words
    • Article
      Hongkong retail sales volume sees only 1pc growth
      416 7 RETAIL sales in Hongkong rose only one per cent by volume last year as lower wage growth, a slower economy and consumer anxiety over the Gulf War stifled demand, reported the South China Morning Post. By value, total sales for the year
      416 words
    • Article
      Recent political changes likely to delay Thai budget
      327 7 THE THAI budget may be delayed by a month because of the recent political changes in the country. A Budget Bureau spokesman said this was because of the appointment of a new Finance Minister to replace former minister Banham Silparcha who was
      327 words
    • Article
      Guangzhou officials want HK linkage included in 5-Year Plan
      304 7 SENIOR OFFICIALS in Guangzhou have for the first time proposed that cooperation between Guangdong and Hongkong and their eeonom- i ie integration he incorporated into the province's Five-Year Plan, according to the South China Morning Post. However, proponents of the virtual
      304 words
    • Article
      Japanese accuse Manila of trade discrimination
      388 7  -  By Harish Mehta JAPANESE investors have accused Manila of anti-Japan trade discrimination and have identified several "sore points" that have hampered Tokyo's economic ties with the Philippines. A position paper prepared by the Asean-Japan Economic Council has identified these grouses, in addition to the
      388 words
    • NOTE BOOK
      • Article
        Asia-Pac will be urged to step up regional trade
        94 7 ASIA-PACIFIC countries will be urged at the annual UN Economic and Social Commission (Escap) conference next month to step up intra-regional trade to offset protectionism and recessionary trends, an Escap statement said on Wednesday. The release issued in Bangkok quoted a
        94 words
      • Article
        Plans for airport in Lombok
        49 7 INDONESIA, developing another paradise isle for tourists, has finished a site survey for an international airport on Lombok island, cast of Bali. The official Antara news agency quoted provincial planning official Muhidin Aziz as saying the airport would be built by a private firm.
        49 words
      • Article
        Vietnam to raise textile output
        59 7 VIETNAMESE textile manufacturers plan to increase production this year despite new trading arrangements with the Soviet Union, their largest customer, the Vietnam News Agency reported. Textile manufacturers plan to increase production of cotton thread by 1.7 per cent to 60.000 tonnes, and silk and wool
        59 words
      • Article
        On those Thai frozen assets
        67 7 OUSTED Thai ministers whose assets have been frozen in an anti-graft probe can seek dispensations to allow them to pay bills and business expenses, the head of the committee investigating them said on Wednesday. General Sitthi Jirarote said a subcommittee had been set up to
        67 words
      • Article
        Indon trade surplus plunges
        93 7 INDONESIA recorded a trade surplus of US$3.B5 billion (556.7 billion) last year, down from $6.08 billion in 1989, a senior official said on Wednesday. Information Minister Harmoko said exports climbed 16 per cent to U5525.70 billion (5544.72 billion) while imports surged 33.5 per cent to $21.85
        93 words
    • Article
      Lock icon NZ keeps to balanced budget target
      252 7 Reuter THE NEW ZEALAND government will stick to its aim of balancing the budget by 1993 and will tell markets as soon as possible about further changes to deficit forecasts, Finance Minister Ruth Richardson said. Interest rates have drifted up after her comments late
      Reuter  -  252 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      241 7 THE MONETARY AUTHORITY OF SINGAPORE SINGAPORE GOVERNMENT OFFERING OF TAXABLE BOOK-ENTRY BONDS TO THE PUBLIC AMOUNT OFFERED SGD 650 MIO ISSUE CODE N*****0F ISSUE DATE 22 MARCH 1991 MATURITY DATE 15 MARCH 1996 INTEREST RATE TO BE DETERMINED BASED ON THE AVERAGE YIELD OF SUCCESSFUL APPLICATIONS PRICE TO BE DETERMINED
      241 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Seoul cuts back billion$ jet fighter plan
        81 8 BUDGET PROBI IMS have led South Korea to seale back a multihillion US dollar plan to buy or co-produce 120 advanced US jet fighters, the hosun ///><» reported on Wednesday. The change would require South Korea to buy more finished jets, while reducing
        81 words
      • Article
        Bankruptcy filings jump 16pc
        72 8 PERSONAL BANKRUPTCY filings in the US reached 718,107 last year, a 16 per cent increase over 1989, a financial association reported on Wednesday. The biggest increase was in the northeastern states, particularly New England, the American Financial Services Association said in a statement. In the first
        72 words
      • Article
        Japan's GNP to average 4pc
        67 8 JAPAN'S gross national product (GNP) will grow an average 4 per cent in real terms in the *****, Nomura Research Institute said in a mid-term economic outlook. It said that although the economy will face some difficulties, such as growing labour shortages and tightening energy
        67 words
      • Article
        Hawaiian investment guidelines
        67 8 THE Japan-Hawaii Economic Council has established a set ot investment guidelines for foreign investors in Hawaii. The guidelines, issued in a brochure on Wednesday, list seven key recommendations designed to encourage an understanding of responsible investment activities in Hawaii. Heavy foreign investment in Hawaii, particularly by Japanese
        67 words
      • Article
        E Germany's jobless rate up
        82 8 THE JOBLESS rate in eastern Germany hit another recordhigh in February, rising to 8.9 per cent from 8.6 per cent in January, the federal labour office said on Wednesday. In the five new federal states formerly East Germany the number of unemployed rose by 30,000
        82 words
      • Article
        African UN secretary-general?
        61 8 AFRICAN states, which outnumber those from any other continent at the United Nations, want an African UN secre-tary-general when the post becomes vacant later this year. African diplomats say. "We are the only region of the world that has never had a secretary-general." Oladapo Fafowora, former diplomat
        61 words
    • Article, Illustration
      Lock icon Pick-up in next few months: Fed
      584 8 Greenspan strikes cautiously optimistic tone in Congress FT THE US ECONOMY should pick up in the coming few months following a boost to consumer and business confidence as a result of the rapid end to the Gulf war, says Alan Greenspan, chairman of the
      FT  -  584 words
    • Article
      Lock icon Bid to tie US foreign aid to sales of goods
      420 8 AP THREE leading US Senators have presented a Bill to tie US foreign aid more closely to sales of US goods in the countries being helped. "Germany, France, Japan and others use foreign aid to help increase sales in key
      AP  -  420 words
    • Article
      Lock icon Soviets to welcome buyers with open arms
      214 8 FT ANYONE in the market for 700.000 Soviet army ABC gas masks, anti-aircraft missiles. 123 mm tank shells or river landing craft need only contact the West Group of Soviet forces in East Germany which is staging one of the most remarkable "going
      FT  -  214 words
    • Article, Illustration
      Lock icon Gandhi aiming to succeed Shekhar
      554 8 FT IN THE WAKE of Indian Prime Minister Chandra Shekhar's resignation, Rajiv Gandhi, the Congress Party leader, is determined to take back power. Mr Gandhi found Mr Shekhar, whom he had helped put in power, an uncomfortably successful prime minister. India's Congress Party on Wednesday
      FT  -  554 words
    • Article
      Lock icon Japan's property loan restriction likely to continue
      236 8 Reuter JAPAN is likely to continue its one-year-old restriction on bank loans to property-relat-ed companies even if it causes more property firm bankruptcies, industry analysts say. The restrictions designed as a temporary measure to end the speculative land purchases that have sent Japanese
      Reuter  -  236 words
    • Article
      Lock icon Shift in perception about Japanese troops
      525 8 Reuter ASIAN nations long wary of Japan's intentions now accept that Tokyo should be free to send troops overseas to help United Nations peace-keeping operations, diplomats said yesterday. With the notable exception of China, the greatest victim of Japan's mighty war machine in the
      Reuter  -  525 words
  • Page 8 Advertisements
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  • THE GULF AFTER THE WAR
    • Article, Illustration
      Lock icon Cautious optimism in business circles
      797 9 Mixed forecasts about economic recovery FT ALLIED COMMANDERS have called on people back home to ring church bells, but the end of the Gulf war finds cautious optimism rather than euphoria among business communities on both sides of the Atlantic. Among those tinkering at cymbals
      FT  -  797 words
    • Article
      Lock icon Saudis face daunting task of paying for war
      478 9 Reuter SAUDI ARABIA will need at least three years to overcome the worst effects on its economy of paying for the Gulf war, economists say. Bankers and diplomats in the region estimate Saudi Arabia faces a bill of at least US$4O billion
      Reuter  -  478 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      323 9 HOW TO IMPROVE YOUR COMPANY'S QUALITY FOR AS LITTLE AS $140. Quality it makes all the difference to WORKperfect, like all FAST your company's bottom line. WORKperfect FORWARD courses, teaches through At only $140 per person, WORKperfect is The FAST FORWARD way to 100% Right work. video. That means no
      323 words
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  • Article
    Time for Indian elections
    488 10 EDITORIAL THE FALL in India of Chandra Shekhar's 117-day-old government is not surprising, considering the faction controlled only 54 members of parliament in a house of 514 seats. But what was remarkable was that it survived as long as it did. Mr Shekhar's government was constantly
    488 words
  • WHAT THE OTHERS SAY
    • Article
      Education goal of '90s
      242 10 EDUCATION has always been an integral part of Singapore's economic strategy. In the '60s, at a time when six-year-olds numbered 60.000 or more a year, the goal was just getting children into school and so the system established then was designed to give as much education
      242 words
    • Article
      Future of Iraq
      141 10 THE Iraqis have suffered enough. The heavy carpet bombardment by the allies has reduced the country to ruins. The Saddam government has been jolted by their humiliating defeat in the war. And now severe unrest has hit the country. It seems the only option now is for
      141 words
    • Article
      Tanjong Pagar lesson
      120 10 UNDER the URA's conservation plan, many historical and traditional buildings have been given a face-lift. The projects in Tanjong Pagar and Chinatown attract the most attention. However, shopowncrs in Tanjong Pagar complain that business is poor, mainly because of high rentals and the fact that the restoration
      120 words
  • REGIONAL VIEWPOINTS
    • Article
      Help needed for Iraq
      204 10 IT may be logical, in the eyes of Kuwait that the US, Britain and France get the lion's share of the projects for their "efYort" to rescue the emirate from the clutches of Iraq but smaller, Third World countries anxious to also participate in the reconstruction
      204 words
    • Article
      The right to decide
      187 10 IRAQI President Saddam Hussein has not only lost the war. he could also lose the peace. Opposition to his rule is mounting and some of his countrymen who have long suffered in silence because they fear the power and brutality of the secret policy have openly
      187 words
    • Article
      Be kind to refugees
      132 10 ALL Vietnamese people, fleeing their impoverished country, risk their lives in sea or land crossings in the hope of finding a better place than the one they left behind. Over the years, hundreds of thousands once kept in holding camps in South-east Asia have found new
      132 words
  • Article, Illustration
    Low dollar driving US export boom
    1510 10 Trade figures for 1990 show that for the first time in eight years, the US had a surplus in merchandise trade with 23 countries of Western Europe IN the Belgian village of Zavcntem. Paul Vcrmeir stands out. German, French, and even Japanese cars line
    1,510 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      61 10 DOONESBURY by garry trudeau NO MAN I I'M CHARLOTTE PETERS, REAL6OOD, ANYTHING V&.MASH*. «JELL. ITS PONTamr Cmon, PAi yes, tw chopper piujtuho captain, its caw you aoainst TO PICK A Gi/y RAY MA'AM* FtfUJ XXJ HERE HOUIOU NICBOFVOU MRVM)* PROP THE: RE6ULACARP.IMTE HIGH -JM4WWS TO CHECK MORALE OFF! HONS. BUTCARP
      61 words
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  • ANALYSIS
    • Article
      Lock icon How will the US use its oil influence?
      790 11  -  The Gulf War has probably given the US new leverage with Saudi Arabia and Opec. Louis Uchitelle reports Louis Uchitelle NYT. BY virtue of its military victory in the Gulf, the United States is likely to have more influence in the Organisation
      NYT.  -  790 words
    • Article, Illustration
      Mrs Thatcher: Not taking to tapestry
      1429 11  -  How is Margaret Thatcher, the prime minister who said she would go on and on, filling her days as a now-ordinary MP? Eric Ellis provides some answers Eric Ellis The writer is a lutnJitn-hased journalist who contributes ixeasionally to li I PUT yourself in
      1,429 words
    • Article
      Lock icon Aussie farmers facing ruin
      714 11  -  High interest rates, floods and falling prices are taking their toll, reports Michael Perry Michael Perry Reuter. THE problems besieging rice farmer Brent Linton were no different from those alTecting thousands of other Australian farmers mounting debts, falling commodity prices and fickle weather. On October 2,
      Reuter.  -  714 words
  • Page 11 Advertisements
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  • FOCUS
    • Article, Illustration
      Lock icon The American union: one big hassle
      1335 12 Almost insurmountable problems face those trying to organise workers into unions in the United States NYT WHEN nearly 300 people who sew shirts tor Farris Fashions in Brinkley, Arkansas, threatened to form a union, the owner of the factory vowed to turn it into
      NYT  -  1,335 words
    • Article
      Lock icon The laborious task of rebuilding unions
      534 12 NYT AFTER YEARS of setbacks, organised labour in the United States is searching for a way to reverse its decline. The AFL-CIO has spent millions of dollars on its "Union Yes" television advertising campaign. Rather than wait for workers to call, it has hunted
      NYT  -  534 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      170 12 NOTICES f OFFICIAL NOTICE 1 HBynEOyREH We, Thong Soon Shipping Pte Ltd of 51 Bras Basah Road #01-01, Plaza By The Park, Singapore 0718 hereby give notice that In consequence of our purchase of the ship MV NASSAU', we have applied to the Registrar of Singapore Ships, under Section 386
      170 words
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      Page 12 Advertisements Column 2
      222 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LAI SENG READY-MIX PTE LTD (IN LIQUIDATION) NOTICE TO CREDITORS OF INTENTION TO DECLARE DIVIDEND Name of Company Lai Seng Ready-Mix Pte Ltd On Liquidation) Address of Office of Liquidators registered office Messrs Don M. Ho
      222 words
    • Advertisement
      Page 12 Advertisements Column 3
      102 12 FOR WHO# WHAT, WHERE AHD WHEH IH THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends in
      102 words
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  • SPORTS
    • Article, Illustration
      Lock icon Chang comes back to beat Arias
      543 13 Champions Cup AP NINTH SEED Michael Chang shook off a leg injury in the second set and came back to beat Jimmy Arias 6-4, 4-6, 6-1 on Wednesday to avoid a slew of upsets in the second round of the Champions Cup men's tennis
      AP  -  543 words
    • Article, Illustration
      Lock icon Ballesteros, Olazabal deny rumour of feud
      379 13 AP SPANISH countrymen and 1989 Ryder Cup team-mates Scvcriano Ballesteros and Jose Maria Olazabal on Wednesday both denied reports of feud between them and charged the media with fomenting the rumours. "There is no pressure or tension between us nor has there ever been,"
      AP  -  379 words
    • Article
      Lock icon Capriati downs Kschwendt in Florida Slims
      183 13 AP JENNIFER CAPRIATI marked the first anniversary ot" her professional debut with a three-set victory on Wednesday over upset-mind-ed Karin Kschwendt in the Virginia Slims of Florida tournament. Kschwendt was hampered by foot blisters in the final two sets, and Capriati won 6-7 (0-7),
      AP  -  183 words
    • SIDE LINES
      • Article
        Gautier's first across the line
        124 13 ALAIN GAUTIER of France crossed the finish line qjj Wednesday in his yacht Generali Concorde hours ahead of two rivals, and days ahead of 15 others, in the third leg of the BOC Challenge around-the-world race. His official time from Sydney. Australia, to Punta Del
        124 words
      • Article
        Fred Perry Cup for over 50s
        53 13 A NEW tennis tournament for men over 50 will be held later this year in southern England. The International Tennis Federation said yesterday that the Fred Perry Cup in honour of the Briton who won Wimbledon three times in the mid-1930s will probably take
        53 words
      • Article
        Holmes wants to fight Foreman
        83 13 FORMER world heavyweight champion Larry Holmes said on Wednesday he has come out of retirement expectinjg eventually to face George Foreman in a title bout of two boxers on the far side of 40. Holmes. 41, sees his fight against Tim Anderson in Hollywood. Florida,
        83 words
      • Article
        Woodforde upsets Chesnokov
        69 13 MARK WOODFORDE of Australia upset No 2 seed Andre* Chesnokov of the Soviet Union 6-2, 2-6, 7-6 in a secondround match at the Copenhagen Open tennis tournament on Wednesday. The unseeded Woodforde, who is ranked 91st is the world, won the third-set tie-breaker 7-2 to set up
        69 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      179 13 jpf <^Dp)Pr Jft*. jr *> 4 Premier Special Reserve Scotch Whisky announces ampines Course. And a chance to win many attractive The Ballantine's Gold Seal Golf Tournament for all P" zcs st P" zc s a Package free trip to golfers with a winning taste. GOLD SEAL witness Thc British
      179 words
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  • Article, Illustration
    The complete bank account
    682 14 BT Special Advertising Feature S. SS KK KKtL,lH THIS ALL-IN-ONE bank account made quite an impact in the past year. Multi Link, launched by Overseas Union Bank Limited last May, is an "evolving" banking facility which meets your multiple financial needs all in one account. The
    682 words
  • Article, Illustration
    Product innovation and quality service
    530 14 MULTILINK represents yet another breakthrough for Overseas Union Bank, recognised for its commitment to product innovation and quality service. It is the latest addition to the OUB family of products and services which is geared specifically to meet the financial and hanking needs of increasingly
    530 words
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  • Article, Illustration
    OUB launches MULTILINK campaign
    306 15 OVERSEAS Union Bank Limited. one of Singapore's largest banking groups, has launched a new marketing and advertising campaign to further promote its all-in-one bank account. Multi Link. The campaign features a new television commercial, a series of print advertisements. a product video played at selected branches
    306 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      351 15 At a glance How SLSS mm TSI nil/ benefits you One account, multi-uses Combines savings and chequing accounts, fixed deposits, foreign currency deposits, credit facilities and many other services into one account. All transactions can be carried out through one account with multiple linkages. Cheque book provided Offers the convenience
      351 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      223 16 WHERE TO WINE, PINE AND ENTERTAIN WHERE TO WINE, DINE AMD ENTERTAIN WHERE TO WINE, DINE GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.CX) NOON TO 5.00 PM. HAPPY HOUR& DJ MUSIC: 5.00 PM TO 8.30 PM BAND PERFORMS FROM 9.00 PM TO 2.00 AM. I NCI
      223 words
    • Advertisement
      Page 16 Advertisements Column 2
      415 16 FEAST YOUR EYES *****1111 l Hill ON THE PLUM'S JEWELS ***************1111 l OF THAILAND From Ist March 17th March five of the finest exponents of Thai Cuisine will masterfully prepare a plethora of appetising dishes. The buffet will be available for both lunch (12 noon 2.30 pm) and dinner (7
      415 words
    • Advertisement
      Page 16 Advertisements Column 3
      235 16 "V v y lAt Seafood Theatre j t, t j. SSUNSET F.xpcricncc the latcM in Steamboat Dining at the Galaxy Pcx>Ui<lr the l"in«-M Stramboat Buffet spread in town Si/zling llartmur itrmi are al»> served as side orders And remember 'Fhe Buffet Dessert is on the house' Business Hours: from 7
      235 words
    • Advertisement
      Page 16 Advertisements Column 4
      330 16 ffl| v jljßMg jL Pffil For the next three weeks, British Buffet Lunch we ll treat you like royal- March 21 |H ty at our Bntish Buffet. W1 |^H With over 60 traditional favountes, you'll be back Adult J36++ for seconds, thirds... Child below 10 $18+ VtV serve the world
      330 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      700 16 TELEVISION AND RADIO Ror»VctOrrD llfo I ***** ~1 t£ :,0.0 SZT ir F PW,C,U BU3WESS OH RADIO 1 OdLKa I due ill C a ssrssr is emsssa*"* 1030 Duel (b/w, See Our Choice). 10.30 Six Dreams Mute Wife 11.00 Golden Classics Four For 7.*****, 9.258 m, 1.30pm, 8.00 Charlie Chaplin
      700 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Uncertain picture in E Europe
      1178 17  -  John Marks finds out why there was a dwindling number of Eastern European films at the Berlin Film Festival this year John Marks NYT A T THE beginning of Piotr Mikucki's new feature film, Had Connection. Thomas, a former member of the Polish Solidarity movement,
      NYT  -  1,178 words
    • Article
      Lock icon Study disputes biodegradable product claims
      581 17 NYT ANEW STUDY appears to support what environmentalists have contended for some time: that so-called biodegradable products, from disposable diapers to garbage bags, do not disintegrate into their natural elements as their manufacturers say. "People have jumped to the conclusion that biodegradable plastics are good,
      NYT  -  581 words
    • Article, Illustration
      Shevardnadze to receive honorary degree in Italy
      517 17 CHATTERBOX EDUARD SHEVARDNADZE, the former Soviet foreign minister, will visit Italy to promote his book and receive an honorary degree next week. During his March 13-17 trip, Shevardnadze will publicise his book Crisis of Power and International Diplomacy, meet Italian officials and receive
      517 words
    • Article
      Shell launches annual Short Play contest
      194 17 THE QUEST is on again for that special play to perk up the local drama scene. As it has done for the past five years. Shell Singapore yesterday launched its annual Short Play Competition. Co-organised by the National University of Singapore's Faculty of Arts
      194 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      217 17 AND ENTEBTAIN High Fashion At High Tea. 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. it ANA HOTEL 16 NASSI.VI HILL, SINGAPORE 1C25. T£L: 732 1222. SINCAPORE Teochew Porridge Buffet Taste typical Teochew fare
      217 words
    • Advertisement
      Page 17 Advertisements Column 2
      52 17 j^Hhr You'll have to go a long way to find seafood I any fresher. Lunch: 12 noon 2.30 pm. sv. "^^J 1 Except Sunday. Dinner: 6.30pm 11.00pm. ......no »..<. THI SFAftMM) PIK( UVfL 1 THE PAN P*( IHI HOTFI SINGAPORE MARINA I syVAHI RAEEIES HOI'LF.V ARR SINGAPORE 0105 TEL 5M.H111
      52 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Bargain-hunters help to recoup morning's losses
      3980 18  -  By Genevieve Cua SINGAPORE share prices closed mixed yesterday in what has been described as erratic trading bouts of buying interest alternating with profit-taking. Dealers and analysts, however, said that the bull run, which saw the bluechips Straits Times Industrials Index post gains over
      3,980 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4166 19 Main Board SI A foreign 1410 2.7% SBC-SIAE92 2000 140 t 45 HI 0% SIA 1320 MO F3.l% Jurong Ship 50* 870 1-35 4 2% Kcppcl Corpn 760 f 35 4 8% Das Foreign 1350 H) F2..3% Kcppcl ("Wits 452 F 26 *6.1% F&N I
    4,166 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      84 20 cT Date Year Croup Net Net earnings Gross ann to profit/loss (L) p«r share dividend (•000) (cents) Avimo Feb 27 Sep 90 $3.0061 ($11,029) -(14 7) 12 5TE(25IE) H Leong Credit Ian 16 )un 90 M$24.462($18.074) 21 8(164) 10(10) CAC lan 14 Sep 90 $53.947($34 649) 30 8(23
      84 words
    • Article
      PRELIMINARY RESULTS
      251 20 Cowoaav Date Year Group pre-tai Net earnings Gross MR to profit/loss (I) par share dividend (•000) (cents) OU Securities Mar 6 Dec 90 $1,281 ($3,225 2.5(9.2 9(10) landmarks Bhd Mar 5 Oec 90 M$16.683($98) 37(18) Shell Mar 5 Oec 90 M$260.752($203.319) 144 2(106 1) 60(50) Temoleton Mar 5
      251 words
    • Article
      INTERIM RESULTS
      255 20 Cmmmv Date Half-year Group pre-tax Interim mi to profit/less (L) dividend (000) Rothmans Ind Mar 6 Dec 90 $32,507(126.416) 225(15) Hleong Credit Mar 4 Dec 90 M$19.470(J13.348) 3(1 8a) Cons Plant Mar 2 Dec 90 M$40.600($56.600) 8(92) OMtB Bhd Mar 2 Dec 90 M$20.400($19.000) 6(6) Sea View Mar
      255 words
    • Article
      CORPORATE DEVELOPMENTS
      757 20 Mif 6 Landmarks BM is to participate in the multi-million dollar Teluk Datai Resorts development in Langkawi. Kedah, through its subsidiary company. Archipelago Hotels (East) Sdn Bhd. Mv 4 Antah Hokfincs Bhd has formed a 50-50 joint venture company called Antah Western Petroleum Services Sdn Bhd, with a
      757 words
    • Article
      DIVIDENDS ANNOUNCED
      494 20 Current Ex Books Date Total lor Total for payment date Om payable tin year last year Aiean Find US$010(b) Mar 18 Ma/28 Apr 8 US$010 Awro 5%TE Feb 25 Mar 7 May 15 12 5%TE 25%TE I BAT 104 8% Apr 15 Apr 26 May 10 152 4%
      494 words
    • Article
      RESULTS DUE
      877 20 Main Board Last Full Yaar Company Period Date Year Net EPS Grow Net anmwiced emfctj (cants) a* pro*t last year <r000) CMB Pacfcigrt Interim Nov 13 Dec 90 29 7 132 11.616(e) BMT Interim Ian 10 kin 91 254 2 1500 773 Apeto Fmat Feb 16 Oec 90
      877 words
    • Article
      BONDS, LOANS & WARRANTS
      802 20 BONDS, LOANS WARRANTS Company Conversion period Conversion term for mm ordinary share C4C Nt Betore 76/4/93 1 warrant plus $3 09 cash Causeway loan Causeway Nl 2/10 89 to 20/10 9* 1 warrant plus $0 77 cash or 1 warrant plus {0 77 nominal amount ot loan stock Chuan *9
      802 words
    • Article
      APPROVED ISSUES
      220 20 Company Rights Issue H Leon( Craft Two tor five <0. M$? 00 per share Ex-date Feb 21 Books close Mar 7 Acceptance Payment NY A KL Mustnes One Kuala Lumpur industries HMgs Bhd share of M$1 each for sewn KLI shares of 50 sen each Rights issue of
      220 words
    • Article
      COMPANY MEETINGS
      90 20 A vino Singapore ltd: 17th AGM at Valley Room Orange Grove Road. Singapore 1025 on Monday. Mar 18. at 12 noon tinted Overseas land ltd: EGM at the Board Room.» Storey. I Bonham Street. Rattles Place. Singapore 0104 on Wednesday Mar 20 atlpm Pubic Bank Bhd: 25th AGM
      90 words
    • Article
      RECORD HIGHS & LOWS
      200 20 RECORD HIGHS LOWS RT rnmnflcitn i n^v ST Industrials Index BT Composite Index 1991 *****7 {7/3/91) 1991 WcH: *****7 (7/3/91) 1991 km *****8 (16/1/91) 1991 tow: 1022 52 (16/1/91) 1990 toh 1607 12 (27/3/90) 1990 hich: 1435 43 <16/7 90) *****0* *****0 (11/10/90) 1990 tow: 981 07 (09/11 90) I9S9
      200 words
    • Article
      PROPOSED ISSUES
      292 20 Company Rights Issue k an One tor two tn. M$1 00 per share Issue ot 40m Cumulative Redeemable Preference Shares of MJO 10 each at MSI pw share with 10m detachable Barton Oneforfour to, MS? 00 per share George Kent Onefor two m MSI 50 per share H
      292 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      112 20 SINGAPORT'9I A BT Special Survey on Singapore's shipping industry March 26,1991 For the third year running, Business Times will publish a special supplement to coincide with Singapore's premier shipping event SingaPort This year, the supplement will give an insight into the future of various sectors in the shipping Industry and
      112 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market ends off day's highs on profit-taking
      4171 21 Bernama SHARE PRICES in Kuala Lumpur ended off the morning's highs in active trading yesterday but the persistent profit-taking was well absorbed by a market which enjoyed strong support. The KLSE Composite Index shot up above the psychologically important 600-point level in the
      Bernama  -  4,171 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      288 21 BUS I'NESS TIMES TELEPHONE: 730-5937/5902/5942 FAX: 734-4982 Account Managers Tandem. The leading supplier of computer systems and network for on-line transaction processing invites you to be part of a top-notch team that's out to create and encourage the development of winning strategies. Rapid and continued growth. Clearly explaining why Tandem
      288 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Late buying helps shares recoup earlier losses
      2243 22 Reuter TOKYO stocks closed slightly higher in thin trade as concerns about yesterday's expiry of March futures and options contracts overshadowed the influence of gains on overseas markets. A last-minute flurry of ex pi ry-related buying pulled the key Nikkei index back from
      Reuter  -  2,243 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Bullish mood continues to push share prices up
      2178 22 Reuter HONGKONG share prices closed stronger in active trade yesterday, but off the day's high due to profit-taking, brokers said. "The signal is quite mixed, with some institutional buyers still buying and some big players trying to sell their holdings." said a
      Reuter  -  2,178 words
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  • REGIONAL STOCK MARKETS
    • Futures selling drags down Aussie stocks
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        362 23 In local currency In S$ In I'Sfc day S year day year day year MAR 6 Index change change change change change change World fEAFE F.uropc 410 5 1.4 14.6 1.2 13.8 0.5 13.4 538.0 424 4 883.5 1.8 2.0 1.6 14.5 16.4 12.9 1.3
        362 words
      • Article
        INDICES & TURNOVER
        92 23 INDICES TURNOVER CI«K March 7 Prttloiu SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1.412.3 2,185.1 820.8 129.91 1.414 4 2,196 3 817.7 102.36 -2.1 -10.8 3.7 27.55 BANGKOK SKT Index Turnover (million baht) 817.23 5.900 803.21 4,900 14.02 1,000 JAKARTA Composite Index 386.35 ***** 3
        92 words
      • Article
        AUSTRALIA
        946 23 THE AUSTRALIAN All Ordinaries index yesterday broke above the 1420 technical resistance level for the first time in six months during morning trade, but futures selling in the afternoon sent it to a slightly weaker close. Brokers said comments by Treasurer Paul Keating that official interest rates would not
        946 words
      • Article
        TAIPEI
        362 23 TAIWAN share prices closed higher yesterday after buying increased slightly in late trade, but dealers said sentiment generally remained bearish.. The weighted index gained 105.28 points, or 2.4 per cent, to close at 4,593.12 compared with Wednesday's 4,487.84 finish. Turnover was a low NT527.52 billion against NT536.6 billion. Dealers
        362 words
      • Article
        BANGKOK
        699 23 THAI stocks closed broadly higher yes- tcrday in reaction to the announcement of a new Cabinet by Prime Minister Anand Panyarachun that includes many respected economists and technocrats, brokers said. The SET index closed 14.02 points higher at 817.23 on a 5.9 billion baht turnover with textile issues leading
        699 words
      • Article
        MANILA
        536 23 PHILIPPINE share prices closed mostly higher yesterday after some property and telecommunication stocks followed the Dow Jones index's jump through an important barrier to rebound from opening losses, brokers said. The Manila Stock Exchange ended 4.17 points higher at 971.43 after the commercial/industrial sector gained to offset losses in
        536 words
      • Article
        SEOUL
        827 23 SEOUL stocks edged down in moderate trade focused on manufacturing shares as investors looked to take profits from the past two days of active trade in that sector, brokers said. The composite stock index closed at 674.87, 1.50 points down, after starting the day on an actively upward trend.
        827 words
      • Article
        NEW ZEALAND
        373 23 NEW ZEALAND equity investors digested several important corporate an- nouncements to send the market slightly higher at the close yesterday, but views are mixed on how leaders will perform today. Brierley Investments reported a 6.9 per cent fall in first half profits to NZ5175.19 million early in the
        373 words
      • Article
        Lock icon JAKARTA
        599 23 Reuter PRICES on the Jakarta stock exchange closed higher yesterday on lower volume, and brokers said speculative buying continued to dominate the market. The official index rose 3.94 points to 386.35, but turnover fell to 2.41 million shares from Wednesday's 2.72 million. Cigarette makers Gudang Garam and Sampoerna were
        Reuter  -  599 words
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  • WORLD STOCK MARKETS
    • Dow breaches 3000 but fails to hold
      • Article, Illustration
        NEW YORK
        1053 24 WALL STREET blue chip shares edged forward for a tiny gain on Wednesday after earlier stock market surges lifted the Dow Jones average above the record 3,000 mark. The dollar, bond prices and oil all lost ground. The stock market's lofty gains unravelled on profit-taking, leaving the Dow
        1,053 words
      • Article, Illustration
        LONDON
        894 24 UK EQUITIES drifted lower yesterday on scattered profit-taking from the week's sharp runup, but the market clung to most of its recent gains. the FTSE was down 18.1 at 2,441.8 at 1215 GMT, after closing just a few points below the all time high in a 40-point surge on
        894 words
      • Article
        AMSTERDAM
        325 24 PROFIT-TAKING in the last hour ot trade could not prevent Dutch shares from closing sharply higher after an early morning wave of buy orders hit a market where sellers were absent, dealers said. "There were some corrections in the late afternoon but sentiment remains bullish," said dealer Patrick van
        325 words
      • Article
        BRUSSELS
        141 24 BELGIAN shares yesterday eased at the opening on profit-taking after Wednesday's 2.1 per cent jump. Volume was lower in the first half hour of trading than on Wednesday, totalling 332 million francs. Of the 47 shares listed so far on the Brussels forward market, 27 fell. 16 rose and
        141 words
      • Article
        PARIS
        197 24 FRENCH shares trimmed gains in late profit-taking but still closed at a new seven-month high with the greatest volume traded since mid-January, dealers said. The CAC-40 index ended at 1.821.01. gaining 20.38 or 1.13 per cent on Tuesday's close. Volume of 4.7 billion francs was the heftiest since January
        197 words
      • Article
        FRANKFURT
        187 24 GERMAN shares ended a roller coastcr ride on Wednesday slightly lower, weakened by two rounds of profit-tak-ing and a weak corporate earnings result released late in the session. The 30-share DAX index finished down 13.86 points at 1.580.46. Traders said, however, they were surprised by the market's rcsilence. as
        187 words
      • Article
        STOCKHOLM
        82 24 THE Stockholm bourse general index closed 1.98 per cent up at a new yearhigh of 1,083.52 in busy and optimistic trade after strong gains abroad, triggered by optimism over the US economy, dealers said. The blue chip index rose 2.2 per cent. Total turnover reached 795 million crowns, which
        82 words
      • Article
        MILAN
        184 24 SURGING stockmarkcts in London, New York. Tokyo and continental Europe forced the Milan bourse to shrug off its recent lethargy and close 2.65 per cent up on Wednesday. The MIB share index closed at 1,124 and the underlying trend rose 2.55 per cent. Brokers noted volumes were up on
        184 words
      • Article
        JOHANNESBURG
        344 24 JOHANNESBURG stock market was holding on to Wednesday's good gains yesterday morning, still buoyed by the recent rally on global markets, dealers said. The rallv seems to a have lost some steam for now, they said, but quality issues are still enjoying good support. At 10:00 the JSE all-share
        344 words
      • Article
        TORONTO
        224 24 AFTER sharp gains in the first few hours of trade on Wednesday, profittaking trimmed Toronto stocks and curtailed the Dow's run at its all-time closing high of 2.999.75, dealers said. The composite index gained 9.63 to 3,571.53 after hitting a peak of 3,598.05. Advances led decline 391 to 244.
        224 words
      • Article
        Lock icon ZURICH
        311 24 Reuter THE Zurich bourse closcd sharply higher in moderate trading on Wednesday as the strong showing of overseas markets and gains on other European bourses propelled share prices, dealer said. The All-Share SPI index closed 16.8 points higher at 1,048.5, slightly below the earlier day's high at 1.050.7. The
        Reuter  -  311 words
      • Article
        Untitled
        47 24 Vienna Mar 6 \sch A kg Molding 4070 +70 E. Allgem (I'ref) 3750 +150 Junghun/I *>650 2 < H) I acndcrbank (Preft 605 x 9 I en/ing 1525 +33 Leykam 468 16 Montana Ocsterr. Brau 4120 Scmpcrit 125 unch Slcvr 415 +17 Veitschcr 778 +33 Source: Austrian Laenderbank
        47 words
      • Article
        INDICES & TURNOVER
        94 24 INDICES TURNOVER March 6 (lose Previous NEW YORK Dow Jones 2.973.27 2.972 52 +0.75 NYSE Financial ***** 147.28 -028 S&P 500 376.17 376.72 -0.55 Turnover (million) 262.3 253.7 8.6 LONDON Financial Times 30 1.977,5 1,946 0 31.5 FTSE 100 2.4599 2.420 1 39.8 Turnover (million) 1.050 681 1 >368 9
        94 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback moves in narrow range as traders await incentive
      1211 25 FOREX MARKET REPORTS THE American dollar yesterday held in a narrow range during a quiet European morning session with the market awaiting today's US employment data for fresh incentive. After a cautious attempt to break above 1.55 mark on Wednesday in
      1,211 words
    • Article
      INTERBANK FOREX RATES
      410 25 Crass rates Mar 7 I USS SS MS Dm Yen SFr AS NZS USS 1.7400 2.7320 1.5420 136.20 0.5285 1.3425 ***** 1.6835 SS 0.5747 1.5701 0.8862 0.7828 0.3038 0.7716 0.7454 0 9675 MS 0.3660 63.69 0.5644 0.4985 0.1935 0 4914 0.4747 0.6162 Dm 0.6485 1.1284 1.7717 88.33
      410 words
    • Article
      MONEY MARKET
      577 25 Interbank rates S$ Bid Offer Overnight 4 3/8 4 1/2 1-month 4 3/4 4 7/8 2-month 4 3/4 4 7/8 3-month 4 13/16 4 15/16 Overnight mode: 4-13/16 IS$ Bid Offer 7 days 6 7/16 6 9/16 1 month 6 3/4 6 7/8 2 months 6 3/4 6
      577 words
    • Article
      Lock icon UK clearers show mixed performance in forex market
      563 25 Reuter THE FOUR major UK clearing banks turned in a mixed performance on their foreign exchange operations last year. Midland Group, which on Tuesday became the first bank since the World War II to cut its dividend, had the best year in
      Reuter  -  563 words
    • Article
      FINANCIAL FUTURES
      1258 25 EMOOOUAJt Open High Low Sett Est Vol Op/lnt Vol Mar 91 93.14 93.19 93.14 93.18 2515 ***** 4622 Jun 91 93.14 93.16 93.13 93 16 6005 ***** ***** Sep 91 92.90 92.92 9290 92.92 690 5885 2190 Dec 91 92.51 92.53 92.50 92.51 392 7067 685 Mar 92
      1,258 words
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  • COMMODITIES
    • Article
      Palm oil dispute gets a helping of added confusion
      498 26  -  By David Chew AS THE ongoing palm oil price dispute between refiners and plantation growers in Malaysia enters its fourth month, many refiners are confused over the government's stand on crude palm oil (CPO) imports from Indonesia. They say that while
      498 words
    • Article
      Lock icon Energy agency predicts demand for Opec oil to soar
      225 26 Reuter OPEC oil output running at about 23 million barrels per day in February needs to be cut by two million bpd to match second-quarter need but thereafter demand for its oil will recover sharply, according to the International Energy Agency.
      Reuter  -  225 words
    • Article
      Tin futures end easier despite LME recovery
      812 26 REPORTS THE PRICE of tin steadied to close unchanged at MS 14.91 per kg on the Kuala Lumpur Tin Market yesterday in line with the better performance on the London Metal Exchange overnight. Dealers said the market reacted well to the slight recovery
      812 words
    • Article
      PRICES
      1456 26 Rubber Mar 7 MS(h»l»>«l«) S cents/kg i Noon Close Int I RSS Prompt I43.2V144 25 143 50/144 50 Int I KSS Apr 91 145 50/146 00 145 75/146 25 Ini I RSS May 147 00/147 50 147 25/147.75 Int 2 RSS OP I42 00/I44 00N 142.00/144 OON Int 3
      1,456 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      764 26 NOTICES IN THE MATTERS OF THE COMPANIES ACT (CHAPTER 50) ANO IN THE MATTER OF BBC BOOK CENTRE PTE LTD (Incorporated In th« Republic of Singapore) (In Liquidation) MEMBERS'VOLUNTARY WINDING UP NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, (Chapter 50) that the Final General
      764 words
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      Page 26 Advertisements Column 2
      746 26 IN THE MATTER OF THE COMPANIES ACT. (CHAPTER SO) PURSUANT TO SECTION 290 <1)<b) VAOHAN KIRIN PLAZA SINGAPORE PTE LTD At a General Meeting of Vaohan Kirin Plaza Singapore Pte Ltd duly convened and held at 3 Shenton Way »03-05 Shenton House. Singapore 0106 on Monday 4 March 1991. the
      746 words
    • Advertisement
      Page 26 Advertisements Column 3
      11 26 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1049 27 City Flight ETA Flight ETD C«y Flight ETA Flight ETD m..ki GA894 0010 Kota Kinabalu MH631 1520 MH630 0950 GA890 2225 MH637 2015 MH636 2015 GA970 2335 KuU Lumpur MH640 0810 MH604 0700 GA976 2340 MH630 0900 SQ102 0730 9fZ !750_S9227 2130 MH«6 0740 Minian RJ182
    1,049 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Last paradise for jaded tourists
      580 27  -  LETTER FROM COOK ISLANDS By Dean Goodman THE SOUTH Sea archipelago of the Cook Islands is a sleepy backwater that is gently promoting itself as the last paradise for jaded tourists. Its tropical islands offer joys common to many holiday destinations sun, sand and surf,
      580 words
    • Article
      MONEY CHANGER RATES
      146 27 As at 3pm yesterday; Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3340 1.3540 Canadian dollar 1.4900 1.5100 NZ dollar 1.0200 1.0500 Sterling pound 3.2800 3.3100 US dollar 1.7350 1.7500 Local dollars to 100 units of foreign currency Austrian schilling 15.70 16.70
      146 words
    • Article
      WORLD TRADE EXHIBITIONS
      59 27 Duration Title Venue Organiser Td March International Turin, Italy Torino Esposizioni (39)1165.69 14-24 Home Exhibition S.p.A Mar 14, IS Tourism 2000 Shangri-La Malaysian 03-*****14 Hotel. Strategic Kuala Consultancy Lumpur Sdn Bhd Duration Title Venue Organiser Td March 15-20 International Exhibition for the Hotel, Restaurant, Catering. Baking Sl
      59 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      43 27 Only Finnair would fly round in circles to London. Every Tuesday and Friday from Singapore to Helsinki and on to London via The Great Circle Route. Get round to calling us today. The number s *****77 We know Europe from start to Finnish.
      43 words
    • Advertisement
      Page 27 Advertisements Column 2
      54 27 SCHOOLSPORTS p- IT SEJsaia, mmu 3S!«S^-^5^S-*" L Thrills...spills...and frills. We capture it all in pictures and prose. Keep a date with us as we scour the schools to track down the heroes and heroines who serve it all up on sports fields. m The latest news and much more. From
      54 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      335 27 1 A cigarette popular with 4 Pension for all the company 8 Tries re-establishing reli- IhJ observances HQ 9 Suddenly spoke up when an alimony case was started (9) 111 I I B 1 11 Oh so out of place cen- MH tral London (4) 12 Marks of damage caused
      335 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      213 27 Singapore Outlook: Showers over several areas in the late afternoon and early evening. Forecast Maximum temperature.. 33.8 Assoc humidity 58% Minimum temperature 25.6* C Assoc humidity 93% Hours of sunshine 9.45 Rainfall in mm Nil Rainfall this month Trace Rainy days this month 0 World forecast Asia-Pacific Hi/I.o* Cond. Auckland
      213 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      29 27 /L}oP<r ON) I Ol<3S. SCrJT A 1 [TE* 1 UioemT) CuP OP ISA ortwrr«t> \_i .r. ut. V. ->V p»jp IMG ftectf ON IHC \rjn eveß swct.... MU &dU
      29 words
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  • Article, Illustration
    Lock icon First batch of American soldiers heads home
    427 28 The Gulf After The War Agencies WITH the first American troops heading home yesterday from the Gulf region, US President George Bush pledged yesterday that fresh efforts will be made to ensure peace and security in the Middle East. Speaking before a joint
    Agencies  -  427 words
  • Article
    Contractors gearing up for Kuwaiti jobs
    358 28  -  By Chitra Rajaram WITH the Gulf war over, the local construction industry is preparing the groundwork to find out what business opportunities there are in Kuwait, which is expected to spend US$lOO billion (S$ 174.1 billion) on re-con-struction. Dr Tan Swan Beng. chairman of
    358 words
  • Article
    New Zealand seminar proves to be a good investment
    269 28  -  By Schutz Lee THE FIRST ever investment pitch by the New Zealand government in Singapore proved to be successful beyond the organisers' hopes. Yesterday, some 300 people from the Singapore business community turned up for the investment seminar when its organisers,
    269 words
  • Article
    Checking conduct of real estate agents
    189 28 THE real estate profession is being tightened up by the Singapore Institute of Surveyors and Valuers (SISV), which will award a title to qualified real estate agents who meet its c r iteria. The title of Certified Real Estate Agent (CREA) will be awarded
    189 words
  • Article
    Lock icon IEA calls for end to emergency wartime oil supply plan
    229 28 AP THE INTERNATIONAL Energy Agency has urged an immediate end to its emergency oil plan invoked at the outbreak of the Gulf war. lEA chairman Geoffrey Chipperfield said at a news conference in Paris on Wednesday following a meeting of
    AP  -  229 words
  • Article
    Lock icon Taiwan Cabinet approves expansionary budget
    317 28 Reuter TAIWAN'S Cabinet yesterday approved a record state budget for the 1991/92 fiscal year, seeking to boost flagging economic growth with a big jump in public works spending. In a break with the island's traditionally conservative fiscal policy, the budget also features a record deficit
    Reuter  -  317 words
  • Article
    British association calls for quick response to rising costs
    329 28  -  By Claire Leow SINGAPORE must respond quickly to factors eroding its competitive edge, says the British Business Association (BBA). The government can and should act on those factors within its control, such as the rising utilities charges and the labour shortage,
    329 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      28 28 Nikon The World's Finest Photographic Systems Optimising your Portfolio Strategy INVESTAMATIC An On-line Investment Research System for Far East Equities SINGAPORE 225-1595 MAI.AYSIA (03) 261-5331 lIONCi KONG 877-2284
      28 words
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      Page 28 Advertisements Column 2
      17 28 Cautious optimism in business circles; Pg 9 Saudis face daunting task of paying for war, Pg 9
      17 words
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      Page 28 Advertisements Column 3
      60 28 lEA predicts demand for Opec oil to soar. Pg 26 The HOLDEN VN SERIES The biggest the biggest in town. stylish interior to its fuel injected EFI engine its unsurpassed qualities may surprise \^H| So go ahead... take a closer look THIS COULD BE WHAT YOU'RE LOOKING FOR! [650 motors]
      60 words
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      Page 28 Advertisements Column 4
      6 28 Nikon The World's Finest Photographic Systems
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Page thumbnail Page 29
  • Shipping Times
    • Article
      HK shipping major to move OHQ here
      531 29  -  By Rahita Elias IN LINE with its expansion in South-cast Asia, Hongkong shipping major International Maritime Carriers (IMC) is moving its operational headquarters to Singapore this lyThe shift, involving its technical and marketing divisions, will be completed by the year-end. IMC's corporate headquarters,
      531 words
    • Article, Illustration
      Meng Horng launches S'pore-Calcutta service
      434 29  -  By Dexter Lee FAMILY-OWNED feeder operator Meng Horng Shipping has launched a new service between Singapore and Calcutta in a bid to expand and diversify its operations. The local shipping company is redeploying its 560TEU containership Fun,tf Shin on the new service. The first sailing,
      434 words
    • Article
      Lock icon Gulf crisis caused sharp drop in European air traffic
      214 29 AP EUROPEAN airlines suffered a sharp drop in the air traffic market as the result of the Gulf War. the Association of European Airlines reported on Wednesday. AEA said traffic grew by about 3 per cent in the first two weeks
      AP  -  214 words
    • Article
      Lock icon Pentagon plans up to 25 ships for Military Sealift Command
      530 29 Lloyd's List THE US Defence Department is set to spend more than IJSSI billion (551.74 billion) during the next six years in a major replacement and upgrading programme for its Military Sealift Command (MSC). Under proposals now being finalised, up
      Lloyd's List  -  530 words
    • Article
      Germanischer Lloyd sees 10pc rise in tonnage
      333 29  -  By Selva Kumar TONNAGE in CJermanischer Lloyd (GL) saw a 10 per cent increase last year, boosted partly by its merger with its former East German counterpart. The Hamburg-based GL had 17.1 million gross registered tonnes in its register of 3,743 seagoing vessels
      333 words
    • Article
      Lock icon US offers concessions for rights at Heathrow airport
      301 29 FT US NEGOTIATORS arc offering numerous concessions in talks with Britain in a concerted attempt to gain landing and takeoff rights at London's Heathrow Airport for United and American airlines. The talks were to resume yesterday in Washington. The Americans have offered.
      FT  -  301 words
    • NEWS SUMMARY
      • Article
        Polish govt to sell share in airline
        60 29 THE Polish government plans to sell up to a 49 per eent interest in the Polish airlines LOT to private shareholders. At least a 51 per eent share of the national carrier would be retained by the state treasury under a draft law
        60 words
      • Article
        Steering on slippery ground
        42 29 SINCE getting back on its feet in the mid-80s. Chrysler Corp has been grappling with a number of manufacturing and financial woes. Doron Levin anulvM> the slate of health of the third largest American ear producer Page 2
        42 words
      • Article
        Benz and Mitsubishi postpone meeting
        42 29 DAIMLER-BENZ AG and Mitsubishi Corp have postponed a key meeting this month, fortifying a growing market impression that the grand strategic alliance of the largest companies in Germany and Japan may be facing major obstacles Back Page
        42 words
      • Article
        Overhaul of UK aviation in the air
        71 29 THE BRITISH aviation industry has been in commotion since the government's decision on Tuesday to open Heathrow, one of the world's busiest international airports, to all airlines. Although Malcolm Rifkind. the Transport Secretary, sought to play down the immediate impact of the move,
        71 words
    • LOG BOOK
      • Article
        SIA, Australia to continue joint campaign
        69 30 SINGAPORE Airlines and the Australian Tourist Commission have decided to continue their joint "Sell Australia' promotional campaign tor another year from this month. Both parties are pumping in another A 5350.000 (*****,800) each for the campaign which is targetted at the Asian and European
        69 words
      • Article
        Lockheed to manage EAB
        95 30 LOCKHEED Corp will take over the management of Greece's Hellenic Aerospace Industry (EAB) in a bid to make it a major international aircraft repair centre, a government spokesman said. A two-year agreement, approved by the Greek Cabinet, gives Lockheed the management of the indebted state-owned EAB
        95 words
      • Article
        Ansett sells stake in Ladeco
        86 30 THE ANSETT Group sold its 25 per cent stake in Chilean airline Ladeco to an unnamed buyer for US$5.B5 million (S$ 10.18 million), but must reinvest the funds in Chile to comply with Chilean debt-to-equity rules. An Ansett investment unit acquired the stake in early
        86 words
      • Article
        Satellite alliance
        64 30 AEROSPATIALE. Alcatel Alsthom's Alcatel NV unit and Selenia Spazio Spa of Italy plan to work together in the area of satellites, la Tribune de iExpansion reported in its Thursday edition that the alliance will include technical, industrial and commercial cooperation. It said the accord will take the firms
        64 words
      • Article
        PanAm's load factor down
        102 30 PANAM Corp said its load factor for February was down to 49.9 per cent from 53.8 per cent a year earlier, as revenue passenger miles fell 30.9 per cent to 1.271 billion from 1.840 billion and available seat miles declined 25.4 per cent to 2.548 billion
        102 words
      • Article
        French air traffic strike
        47 30 EMPLOYEES at the headquarters of Air France in Paris planned to disrupt air traffic from yesterday, said a spokesman for the CFDT union. He said the CFDT was calling for strikes at Paris's two airports at Orly and Roissy yesterday and today respectively.
        47 words
    • Article, Illustration
      Lock icon Steering on slippery ground
      1231 30  -  Since getting back on its feet in the mid-80s, Chrysler Corp has been grappling with a number of manufacturing and financial woes. Doron Levin analyses the state of health of the third largest car producer in the US Doron Levin NYT IT HAS long been the
      NYT  -  1,231 words
    • Article
      VERITAS BUNKER MARKET REPORT
      595 30 Carbon Carbon Vi ar 4 DensityWater Reudu* Ash Aluminum Sediment DensityWater Rewfcie kk Afamwum Sediment M M Ewon Ex.on KG M*3% V/V M M 1 M M PPM method KG/M*3% V/V M/M i MM PPM method ISO/Cimac fcnrts Spec E25 9911 0 15 0 0 10
      595 words
    • Article
      THE SHIPPING GUIDE
      12744 38 This is a list of ships loading at Singapore tor ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advaneed dates are published for a maximum
      12,744 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        554 45 Veud Voy No Berth Arrival Departure Keppd Wharves 8 Setawat PG037 K30 alongside 07 03/2300 CM 02 K29 alongside 07 03/1930 V.ng Summer 1 91 K32 alongside 07 03/1630 Roy Vik Sun 03/91 (P) C09 alongside 0703 1800 Kebon Karet 7/91 K32 07 03/1900 08 03/1500 Pasir
        554 words
      • Article
        CONTAINER SCHEDULE
        1357 45 RFCFIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy No Etb/Btr Record Period Booking Balance From To 1Mb From Ai*'ican Sen EF109 09/0700 1 3 4 07/1500 08/0700 08/1200 7/165 18/115 18,145 9 9 9 07/1900 08/1400 08/1700 Apson 0209IN 09/0700 3 07/1700 08/0700 18/065 18/115 9
        1,357 words
      • Article
        IN MALAYSIAN PORTS
        255 45 Johore Port Berth 1: Barge HB 1856 Berth 2: Barge Smmebm 11 berth 3: Mergui. Taibah 1 Berth 4: Northern Hope Berth 5: Barge Pu 3801 Berth 6: ml Oi jetty: Garuda Mahakam, Suci DCJ: Silver Pride Due on March 7: Santi. Bandung. Guangshui Oue on March
        255 words
      • Article
        DAILY FREIGHTS
        990 45 THE DRY cargo freight market's firmness on Wednesday was reflected in a further 18 point rise in the Baltic Freight Index to 1,744. brokers said. Brokers are wary lest April brings the traditional spring fall-off, but some see the current boom stretching into May. They said a significant
        990 words
    • Article
      Lock icon Daimler, Mitsubishi postpone meeting
      532 46 NYT DAIMLER-BENZ AG and Mitsubishi Corp have postponed a key meeting this month, fortifying a growing market impression that the grand strategie alliance of the largest companies in Germany and Japan may he facing major obstacles. Spokesmen for DaimlerBenz said on Wednesday that a high-level March
      NYT  -  532 words
    • Article
      Lock icon Overhaul of British aviation in the air
      596 46 FT THE BRITISH aviation industry has been in commotion since the government's decision on Tuesday to open Heathrow, one of the world's busiest international airports, to all airlines. Although Malcolm Rifkind. the Transport Secretary. sought to play down the immediate impact of the
      FT  -  596 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      163 29 Some Reasons For HIE SIMS MS WEEKLY OVERSEAS EDM J&i WWB^H^^^wWß^QflHßWßM^^:^! For other reasons, said in your subscription now. r-nsg&aasiisfiisEm 1 Please send I flame: name: Address: Address: Occupation: Occupation: Tel: Tlx/fax: Tel: Tlx/Fax: AIRMAIL SUBSCRIPTION RATES: a I I want to subscribe for months at S/US$ J I enclose:
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      Page 29 Advertisements Column 2
      27 29 Overhaul of British aviation in the air. Back Page Your son is studying overseas. And you want him close to home with news from home. y < >*§' t
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      Page 29 Advertisements Column 3
      137 29 SSWEE HENG METAL CO PTE LTD 11 TUA3 AVE 14 SINGAPORE Z2H TELEX R3 2067# SMMCPC TEL: 861 M 55 (5 bnM) TELEFAX: Ml 2M6 jh uhjMonro* Torqu* MmiAfOsr. MALAVUA lUCoov«tof lIMILANa INOOfW-<l* am* LPO hW lfftW Ct,S r •CaL«Hl<i*ri«i4SMl Comimni PaM Truck* Alm buy. M«. r«nW «>«pa* BRITISH DESIGN
      137 words
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      136 30 UP. LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take shots
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      Page 31 Advertisements Column 1
      2310 31 wllllv Cantonment Road #12 05 Southpomt. Singapore 02UH Alllf# *****11 TELEX NO RS >41?9 ■W *****1111 TERMINAL Te) *****18 220 Wt rPOOOfl'l w i ?00? > 4 L. WWw M PESAKA SHIPPING AGENCIES SON BHO PORT TEL: *****18 TELEX NO MA***** MA39/01 PENANG TEL *****4 TELEX NO MA4OO/3 CES TEL
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      Page 31 Advertisements Column 2
      1267 31 MDEX TOMVEKIjSERS Page Col P»|p! Col a Lloyd Tricstino 4 1/2 I uck> Seaway 15 J j ABC Containetiine 13 5 Lykcs Lines I j Accord tiroup 8 1-3 I m AFS 15 I -I Ahrenkiel Liner 16 3 Mac-Nets Agencies 14 1/2 Alhatros Sea-Air 14 3 Macdine 18 2/3
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      Page 31 Advertisements Column 3
      2785 31 ■QBBsaaiEa NEXT VESSEL TO USA MARCHEN MAERSK V. 9104 ETA 12/3/91 Vessel Voy ETA 6ID "Port 'Penany DESTINATIONS Singapore Ketang thrt mm Mwct«n Waeftß Feeder by vi 0800 MPS arco i CFS «'3 2359 MRS M lau>o OAK LGB HOU MEM ATL MIA CMS BAL PHL NVC MON TOR MARCHEN
      2,785 words
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      1381 32 Irottedaml VOY NO SPORE SOUTHAMPTON HAMBURG ANTWFRP IE HAVRE KAGA 17/309 10/3 27/3 29/3 1/4 2/4 iEZEIQI KURAMA 89/110 14/3 4/4 2/4 1/4 FRANKFURT EXPRESS 55/310 17/3 3/4 5/4 8/4 9/4 1. ALL WESTBOUNO P. TOKIO EXPRESS 98 111 21/3 11/4 9/4 8/4 KELANG ft PENANG CARGO KAMAKURA 16/311 24/3
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      Page 32 Advertisements Column 2
      546 32 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT •4KASPU* I 26-2S/3 11/1 I l/l 19/1 ALSO ACCEPTING CARCO VIA SUVA TO lAUTOKA PACO PAGO APIA ft NUKUALOAfA DIRECT CHILE SERVICE SIN 100 ANT VAP CALLAO SAN (PERU) ANTONIO StASPAC I 26-29/3 2/5 3/5 7/5 6/5 8/5 SINGAPORE: 5MM96 I VI'KSAKA
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      Page 32 Advertisements Column 3
      1477 32 Els—awa tuant REGULAR mDEPENDENT FULL CONTAINER SERVICE w£§T66und f6r EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) JAPAN SEA 052W 06/03 29/03 30/03 03/03 04/04 05/04 06/04 07/04 08/04 NORASIA SINGA 9101-3 12/03 31/03 01/04 05/04 06/04 07/04 08/04 09/04 10/04
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      Page 33 Advertisements Column 1
      1996 33 SsSteamers Maritime Holdings Ltd P&O I Af STRAITS SHIPPING! Containers gjj sm *o, No P Hlang S'pwe ».< Sou Art Rol Hb» LICA MAERS* 9I0« Tlx 2102 0903 2103 2703 28 03 0204 ACCEPTS DUE SAILS TOKYO BAY OW2 OUK 0303 0»<B 2%03 28,03 30,03 CARGO LARS MAiRSK 9104 BAN
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      Page 33 Advertisements Column 2
      1842 33 TO: U.S.A./PANAMA FM: U.S.A./PANAMA ..<»«««."« T. '3 2! ™S! 5? 5f S 3 CHOrA*G VICTORY £f 110 10« 12.4 7I« 271 7»« »4 HI J'j [J «j »i ,2? S? £JMWni »> *> 55 35 TQ: EMRQPE FM: EUROPE S» RTM BHV HAM ri* AND ICH JAPAN SENATOR Wf 111
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      Page 33 Advertisements Column 3
      379 33 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL CHAMPION COSMIC COSMIC COSMIC TRADER CHALLENCER TRADER PIONEER (2nd Call) VOY NO IS 5 It 16 S pore In Pt 9/3 17/3 20 3 P Kelang In Pt 15/3 22/3 Penang Yangon Mongla Chittagong Calcutta Yokohama Nagoya Osaka Senboku Kobe
      379 words
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      814 34 HI CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSIVOY f SPORE ROAM ADAM H BURG BREMEN ANTWERP TRIAS UNITY UO(B 15(3 I*4 21.4 2M 30 4 SRIWIJAYA !IWB |»,3 6 5 12/5 165 20,5 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sub|«ct to Inducement Also accepting cargo to Casablanca.
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      Page 34 Advertisements Column 2
      912 34 HANJIN SHIPPING FEEDER VSI SIN LINE HAUL LAX OAK Spore LEH RTM ANR HAM BRV FEL HANJIN SEATTLE Ol'E 1 3 H TONCHAE OilE H 44 HANIIN OAKLAND 012W 1» 3 3 JO' 313 C 3 J> 3 4 HANJIN IONGHAE OIIE U/3 DIRECT 18 <4 HANJIN ROTTERDAM 013* l'l
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      Page 34 Advertisements Column 3
      1327 34 I _J T pj 1 _J I~!£2,Vi IH ifi "151 Si V. V. ?i V 'i!" »I £C*lMFRRfflil i 3 i ~3 ,JJ 6 ,1* 84 W 3 5 55 14 5 15 5 16 5 17 5 19 5 »5 74 12 13« E GRAND RF US 34 ,1
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      1853 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) dtfrj BOOKINGS: jFjjr UK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INOIA/PAK SERVICE -*****18 FAR EAST SERVICE *****48 TERMINAL OFFICE *****22 DOCUMENTATION OEPT: *****44/*****14 iMil CFS: K27 IMPORT: CFS: K27 EXPORT: *****53/*****04 SiSS NEPUNE SDN BHD MALAYSIA Jr" JF K.L.-(03) *****33. P.
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      Page 35 Advertisements Column 2
      967 35 SINSOV 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) DISCHARGING FROM EASTBOUNQ LOADING FOR WESTBOUND vessels votage |spqre |mmK voyage spore phuwc hburg b haven tilbury rott Antwerp
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      1676 36 Bfc* ft mmm MB V ASAGtNTS KAWASAKI SINGAPORE (PTE) LTD ICR No **********0M1 W W in *****77 TflfX KAWAKI RS23l6b fAx ?*****9 H H M I I MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD JHb IMb 4b TEL PJ *****22 PK *****01 5 PfNANG *****5 JB *****1 HMHfli KAWASAKI KISI
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      Page 36 Advertisements Column 2
      813 36 PHIU-ORI€NT LIMS PTC LTD 108 ROBINSON ROAD #0/ 00 GMG BUILDING SINGAPORE 0106 I 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 FREIGFIT FORWARDERS ASSOCIATION ■hBT 11 MAR MONTREAL, Ottawa, toronto, VANCOUVER, S'WESTERN ONTARIO.
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      Page 36 Advertisements Column 3
      473 36 GOLDEN LINE GUAN guan shipping (PTE) LTD W n, Tetok Aver Street SINGAPORE 0104 TEL 534J98 (10 LINES) Fai: SJ43SO4 (CD No *****S******) ITtAIT» m«IAN CULT »K»VIC« S'pore P Kelang Penang GOLDEN WONDER Colombo KaracHi Dubai 12/14 Mar GOLDEN BEAR Cotombc Karachi Dubai 21/30 Mir CHINA MMVICg A VSL Huangpu
      473 words
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      Page 37 Advertisements Column 1
      1482 37 PACIFIC INTERNATIONAL LINES (PTE) LTD g/ MBV P»L Building, 140 Cecil Street <IKXHX), Singapore 0106. 1 JAKARTA "1 j BANGKOK VESSEL VOY SIN JKT SIN VESSEL VOV SIN BKK SIN GOWA 9104 10/3 12/3 HAI VING 9107 9/3 12/3 •> t KOTA PANJANG 9108 12/3 14/3 16/3 INGENUITY 123N 9/3
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      Page 37 Advertisements Column 2
      1016 37 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN NL Depma- 058 12/3 30/3 31/3 214 3/4 Alsia 068 18/3 4/4 5/4
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      Page 37 Advertisements Column 3
      371 37 tea MYANMA Ipßk FIVE STAB UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIg Pen P.Gdg MYOMAYWA VI33W In Pt MERGUI VIO4W 810 Mar Sid PATHEIN Wllo* 18 Mar THE BANK LINE (A Mrvic* ol Andrew Weir Shipping) SEMI-CONTAINER SERVICE V HEAVY LIFT CAPABILITY I EXPRESS TO PAPUA NEW
      371 words
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      830 40 z CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 10/3 ft 19/3 LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HAMRURG MANCHESTER LE HARVE AND ALL EUROPE INLANO DESTINATIONS FAR EAST PORT KELANG 15/03 22/03 MANILA 14/03 21/03 PENANG 15/03 22/03 BUSAN 16/03 25/03 BANGKOK 10/03 14/03 TOKYO 14/03
      830 words
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      Page 40 Advertisements Column 2
      1224 40 F «pnRTS TO HONGKONG. TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE i OUTBOUND VOY PKL PNC JKT SIN HKG KAO KEE TVO SM2 NGO KOB VESSEL VOY SIN PKL PNC BIW SIN ACX LILY »B *S/J "4/3 TT 12 3 16 3 1(3 22-3 23 3 23/3 24 3
      1,224 words
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      Page 40 Advertisements Column 3
      245 40 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETO LOADING FOR I DELI INDAH 14 3/91 15 391 PK BALAM NAGA JAYA DOCK LAMPUNG JAYA 13 391 14 3.91 PANJANG PALEMBANG PINANG JAYA 18 391 193 91 PANJANG PERITA JAYA 20 3.91 21 3.91 PANJANG
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      Page 40 Advertisements Column 4
      1567 40 r Wfe t 1 3 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE SINGAPORE S GENERAL AGENTS COSTAR SHIPPING PTE LTD TEL *****00 (SINGAPORE) INDONESIA S AGENTS P T GLOBAL PUTRA INDONESIA MARITIME TEL: *****82 (JAKARTA) MALAYSIA S AGENTS CHUNG CHIAO SHIPPING SDN BHD TEL: *****91 (KL) *****1 (PENANG) GUAN
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      Page 41 Advertisements Column 1
      779 41 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 TO ALL OUR VALUED CUSTOMERS, FRIENDS AND BUSINESS ASSOCIATES... ANNOUNCING THE MERGER OF NIHON ASIA SHIPPING |S| PTE LTD NAN SHIN SHIPPING AGENCY EFFECTIVE 1/3/91. WE ARE NOW CALLED NIC-PAC FREIGHT EXPRESS AT: 15 McCALLUM STREET #06-03 NATWEST CENTRE SINGAPORE 0106 TEL: *****22/*****89
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      Page 41 Advertisements Column 2
      326 41 Si RICHFIELD MARINE AGENCIES |S) PTE LTD a TEL: *****33 (12 Lines) FAX: *****15/*****03 fH TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES f (National I ines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL •vFssFi Ivov TTTa It OADtMI FOR SPOHC f ABBAV WON 2 tO 04 OARESSAI AAM MOMBASA
      326 words
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      Page 41 Advertisements Column 3
      801 41 MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE INDONESIA. MAI AYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN
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      Page 41 Advertisements Column 4
      638 41 SYDNEY/MELBOURNE BANGKOK VESSEL VOY S PORE SYO WEI WSSEL_ SINGAPORE BANGKOK PIYA BHUM 03C2S IS lfc.3 7830,3 01 03 4 SIRI BHUM# 4?5N In Pt 43 Won 11/3 PIANETA 0447S 01 07/4 14-164 18 20 4 MAHA BHUMo 49N Sat 93 Tut 17: i PIYA BHUM 0503S 14 15/4 27-79,4
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      Page 41 Advertisements Column 5
      426 41 TO AUSTRALIA/NEW ZEALAND [wi Isin |F'm Em E Uuct [wi |P CHALH ANTWtRPtN *7 51 SI Ti Ti ill I*4 ill TNT EXPRESS M 21* Si M lfcs 1»S ELLEN MUOIC 270 is 145 51 xs T* Ji BRUSSfI 271 liil ill 4» lot 111 77« SI TO USA/CANADA VSI
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      Page 42 Advertisements Column 1
      1284 42 a m MAC-NELS SINGAPORE IRXPOBT TEL *****22"! import TEL *****02 PENANG TEL (04) *****6 KK TEL (088) *****0 TAWAU TEL (039) 7/86/9 I -iv P KELANG TEL (03) 368?8/7 KUCHING TEL (08?) *****3 SKAN TEL (089) *****2 j -I\-/ V*J J BAHRU TEL SIBU TEL (084) *****2 SAHIKEI TEL (084)*****8
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      Page 42 Advertisements Column 2
      406 42 Hi^HBITERREITrTIHHH' BLUE STAR LINE SINGAPORE TO {J NEW ZEALAND AND T/S FIJI FULLY CONTAINKRISKD MONTHLY SAILINGS DISCHARGING AT NKW PLYMOUTH PORT CHALMERS ACCKPTING FCI. LCI. FOR AUCKLAND. NAPIKR, WKLLINGTON, BLUFF. CHRISTCHLRCH. DUNKDIN. LYTTKLTON. INVF.RCARGII.. FIJI AND TAHITI SIN N PIY AUCK ITT MANOAMA 0»2 17 Mar M Mir Via NPI
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      Page 42 Advertisements Column 3
      1182 42 /SSI THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES): SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL YQT TtU TBEST VESSEL VQT ETA BEST KIM SOON LI 8 91E 08 MAR PENANG
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      980 43 COMPANIA PERUANA \h£]l de vapores T "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO. MATARANI. ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P Kelang Singapore E Msia ALDELFAEVERETT" 12/13 Mar SHAPIAEVERETT 15/17 Mar IS 20 Mar KAMALEVERETT 27 2S Mar JO Mar
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      Page 43 Advertisements Column 2
      560 43 LfU—iHi IhJ 1 r vsi "[voTTs polrTTmainliner Ilax [kst Isav Intc LEEWARD H 9 3 HM SAVANNAH 13 4 23 4 ll'4 *4 I J ZIM (HAT WE IS 3 2IM SAVANNAH 134 234 77J4 «4 I S ZiM PIRAEUS 1/7E 213 ZiM CANADA »4 4S M 9 4 II
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      Page 43 Advertisements Column 3
      771 43 |4J SING HWANG HANG SHIPPING ft TRANSPORTATION (PTI) LTD mWM WEEKLY LCL/FCL SERVICE [VESSEL S PORE JAKARTA SURABAYA MEKHANIK KURAKO V 51N 0/'3 10/3 J6NWEL V 16/N I'l/3 l'*/3 VESSEL ZZ T SPORE BANGKOK ~A VESSEL 10/3 13/3 A VESSEL 13/3 16/3 DESTINATIONS ETA SINGAPORE PORT KELANG 08 MAR MANILA
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      Page 43 Advertisements Column 4
      595 43 PERINTIS LINE 11 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PHASETIA 151 A In Port 10 03 JATIDIHI 972 09 03 IP/03 PRASETIA 153 A 14-03 17/03 JATIDIHI 9?3 16'03 19 03 TANTO UTAMA 147 1?-03 14'03 TANTO UTAVA 149 20/03 23/03 TANTO UTAMA
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      Page 43 Advertisements Column 5
      448 43 SIN FAH EAST 10,3 KEELUNG/KAOHSIUNG 9/3 BANGKOK 12/3 MANILA/CEBU 9/3 JAKARTA/BELAWAN SURABAYA 9/3 PORT KELANG PENANG E. Malaysia 9/3 BUSAN 8 3 TOKYO/YOKO KOBE NGO OSA 12/3 HONG KONG SH| CHINA 12/3 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO HAIKOU also accepting LCL cargo SIN EUHOPE/UK 9/3 LDN/FLX/LVP/SOU 9/3 RDMfHAM ANT/LE HAVRE/GENOA OSLO
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      704 44 VgA CB SHIPPING MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINER/LCL/BREAKBULK SERVICE "ANKE" SERVICE lAK SPI 16 BAHA I*l PvW »Villi V22SB 1) 673 1112,3 K23SB 2 4 «44 110 4 V24SB 3 4 6 4 n •> s P.N.G. BUNKER SURCHARGE TEU USD M M B/BULK USD voo LCL
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      Page 44 Advertisements Column 2
      1061 44 IViKiiHiaHi SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE VV VO2 91W 13/3/91 7/4/91 28/3/91 2/4/91 K V I VO4CW9I 17/3/91 11/4/91 12/4/91 17/4/91 IY VO3 91W 20/3/91 17/4/91 7/4/91 12/4/91 B A V 05CW91 3/4/91 26/4/91 27/4/91 2/5/91 AN V 04 91W 9'491 4/5/91
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      514 44 CW/conmv inrEßmonnfy LCL/FCL SERVICE FROM I fil B /46S&s m operate* over 600 lermlnale/offlcee In UiLAC 1 II jfflAi m CUJI maintain# over 35,000 tractor* A truck#. II Mm J CWI Mrvaa over 60,000 point* in USA Imam m CUfloffwreliableLCl/FCLservices. General Agent*: r 7BAA/ST/A//C Cpji PENANG— KL: allied-LINK SINGAPORE: JffiSr
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      Page 44 Advertisements Column 4
      587 44 l/£E*\ SFTH SHIPPING CORP SDN BHD JmCLk KLANG TEL 03 *****06 |6 UMt| FAX *****11 V J KtUM TEL 04 (3292) FAX 04 *****3 SKA* TEL 069-*****2 SIIU TEL 064 *****2 TAWAU TEL 066 *****9 KK TEL 066 *****0 KUCH TEL 062 *****3 M'SIA TO USA/CANADA CONTAINER SERVICE fEEDER VOY
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      609 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 *****300 1400 *****600 1700 1800 1900 ***************0 )R 17 22 26 27 26 24 20 15 1 1 09 08 08 10 13 16 1 7 1 8 1.7
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      Page 46 Advertisements Column 1
      1221 46 CHARTPOINT Every Saturday in Business Times NOTICE FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS/ RECEIVERS BUNKER ADJUSTMENT FACTOR As a result of a radical situation the Bunker Adjustment Factor will be reduced to +0.79 percent
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      758 46 ICHARTPOINT I Every Saturday in Business Times THE NATIONAL SHIPPING COMPANY OF SAUDIARABIA Vessel Voy No. SAUDITABUK FEAO49 SPORE P.K DAMMAM DUBAI JEDDAH (J.ALI) 28/03 30/03 07/04 09/04 15/04 NEW YORK NORFOLK NEW ORLEANS HOUSTON 04/05 05/05 10/05 12/05 SAVANNAH BALTIMORE NEW YORK HALIFAX 17/05 21/05 23/05 27/05 Singapore Mapia
      758 words