The Business Times, 3 April 1991

Microfilm: NL17475
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    9 1 BusinessTimes MCI (P) 16/12/90 Wednesday, April 3, 1991 75*
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  • NEWS SUMMARY
    • Article
      Beijing, Moscow near accord on border issue
      56 1 CHINA and the Soviet Union have nearly completed talks about their lengthy, disputed frontier and an agreement could be rcached quite soon. Soviet Foreign Minister Alexander Bessmertnykh said in Moscow yesterday: "We have made great progress on the border talks and I think...
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    • Article
      Call for vote of no confidence dismissed
      39 1 THE Russian parliament dismissed a call for a vote of no confidence in rebel leader Boris Yeltsin yesterday after hardline communist leader Ivan Polozkov said the time was not right for change.
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    • Article
      Food initiative
      43 1 THE possibility of local accreditation for the food industry on behalf of foreign food standards authorities which will help local F&B manufacturers break into new markets overseas must be studied, says the Minister of State for Trade and Industry. Page 2
      43 words
    • Article
      Crisis raises costs
      32 1 THE GULF CRISIS has caused the investment cost of the entire second petrochemical complex in Thailand to jump by more than 50 per cent to US$3 billion Page 8
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    • Article
      Boost for Indonesia
      22 1 THE WIDURI oil field, Indonesia's biggest offshore oil facility, has given the country a much needed boost. Page 8
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    • Article
      China reforms taxes
      22 1 CHINA has introduced a new tax law aimed at keeping the country competitive in wooing foreign investment. Page 10
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    • Article
      More recovery signs
      22 1 A SNAPSHOT INDEX of America's manufacturing industry has clearly shown that the US economy is bottoming out Page 11
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    • Article
      Advertising complaint
      35 1 AT LEAST one letter of complaint has been sent to the Law Society stating that a BT report on the merger between Harry Elias and Niru and Company amounted to "advertising" Page 14
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    • Article
      Ball of blunders
      24 1 THE SILVER Screen Ball for the Singapore International Film Festival, held last Saturday, was mostly a series of blunders Page 17
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    • Article
      Hello, Vietnam
      21 1 VIETNAM may become the next International Direct Dialing destination in Singapore Telecom's IDD network. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      30 1 SHARE PRICES opened higher on Wall Street yesterday. with the Dow Jones index of leading industrials gaining 12.13 points to 2,893.32 in the first five minutes of trading.
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    • Article
      Footsie higher
      36 1 SHARE PRICES in London were higher at midday yesterday, boosted by a £100 million buy programme. At about 1100 GMT, the FTSE 100share index was up 16.7 points, or 0.675 per cent, at 2,473.2.
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    • Article
      Tan Chong surprise
      30 1 TAN CHONG Motor Holdings has surprised the market with a 54 per cent increase in group after-tax profits to M 5164.6 million for last year Page 3
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    • Article
      Keppel B profits up
      39 1 KEPPEL BANK, which is seeking a listing on the Stock Exchange of Singapore, has reported in its maiden annual report a 54 per cent jump in after-tax profit to $13.9 million last year Page 3
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    • Article
      Plans to cut costs
      28 1 NEWS CORPORATION plans to cut costs by at least 10 per cent in the next year, says the company's chief operating officer. Page 4
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    • Article
      Interest rate hint
      16 1 BANK NEGARA's governor has hinted at a rise in interest rates Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Tuesday Change BT-MGA 725.68 -4.65 Kuala Lumpur ..584.20 -2.86 Tokvo 26,252.00 +244 60 Hongkong 3.789.99 44.02 Sydney 1,433.6 -9.1 Monday Change New York 2.881.19 -32.67 London Closed
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    • Article
      CURRENCIES
      21 1 Exchange rates USS SSI. 7820 100 Yen SS 1.2783 MS SS0.6474 Money market rates Overnight 4-3/8 -1/8 3-month 4-5/8% +1/16
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    • Article
      COMMODITIES
      37 1 London Gold AM fix USS357 90 USS3.90 Rubber S'pore Apr 147.00*/kg +1.50 M'sia Apr 226.50*/kg -1.00 KL Tin Turnover 48 tonnes -19 Spot MS 14.80/kg unch Crude palm oil Turnover 1,582 lots +438 Apr MS791/tonne -5
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  • Article, Illustration
    Trengganu invites S'poreans to build industrial park
    533 1  -  Land and freedom to manage and market park By Shoeb Kagda IN THE RACE by Malaysian states to woo Singapore businessmen, the Trengganu State Government has sought to sharpen its edge by offcring land for Singaporeans to develop an industrial park. "We arc
    533 words
  • Article
    Singapore hoteliers face up to lean times in China
    349 1 HOTELIERS in China are finding the going rough, with widespread reports of plunging occupancy and weak room rates. Yet, new projects are being committed by hoteliers pinning their hopes on Asian markets after a flurry of i diplomatic links were estab-
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  • Article
    Lock icon Talks with China over HK not going well: Hurd
    288 1 Reuter BRITISH Foreign Secretary Douglas Hurd, who will pay I a five-day visit to China and Hongkong this week, said yesterday that talks with Beii jing over the future of the British colony were not progressing well. Mr Hurd. who was
    Reuter  -  288 words
  • Article
    Yeo Hiap Seng arranging $100m credit facility
    285 1  -  By Quak Hiang Whai FOOD and beverage manufacturer Yeo Hiap Seng (YHS) is planning to raise Sioo million through a note issuance facility. It has mandated NZI Merchant Bank to arrange the credit facility. NZI Merchant Bank has contacted about 25 banks based
    285 words
  • Article
    Lock icon Expansionary Thai budget endorsed
    256 1 Reuter THAILAND'S caretaker government approved a Finance Ministry proposal for an expansionary national budget for the fiscal year starting October 1 which calls for government expenditure to rise 18.8 per cent. Finance Minister Suthee Singhasaneh said a Cabinet meeting chaired by Prime Minister Anand Panyarachun endorsed
    Reuter  -  256 words
  • Article
    CIDB aims to increase proportion of skilled workers to 40pc
    307 1  -  By Salil Tripathi THE Construction Industry Development Board (CIDB) will set up a $32 million training centre with the aim of bringing the percentage of the skilled construction workforce to 40 per cent by the end of the decade from
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      219 1 o BRUNO MAGLI Centrepoint #01-30, Tel: 737 4509 Forum Callerid #01-46, Tel: 732 8961 Aircraft Schedule 27 Money Market 25 World News 10,11 Commodities 26 Regional Co News 4 CryptK Crossword 27 Regional News 8 Editorial 12 Regional Stock Markets 23 For market indices, editorial. Financial News 6 SES 18,19
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    • Advertisement
      Page 1 Advertisements Column 2
      3 1 Analysis, Page 13
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    • Advertisement
      Page 1 Advertisements Column 3
      43 1 1 LEVI S BOUTIQUES: #81 -64 Wisroa Atria #01-24 The Forum #0109 Shaw Leisure Gallery #01 -41 Parkway Parade #01 -19 Chinatown Point #01-03 The Adeiphi Advertisement PICTURE Br REUTERS Mk tHHKN i^Hb. WHAT NOW? Turn to page 9 for th£ full story.
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Scottish trade team to visit S'pore
        64 2 I HE SCOTTISH Council Development and Industry (SCDI) will lead a delegation of 17 companies to Singapore next week to seek business opportunities and foster better ties between the two countries. SCDI is Scotland's leading independent authority on export and trade development. Besides appointing
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      • Article
        Isetan may set up M'sian chain
        76 2 ISITAN of Japan, which has a chain of stores in Singapore, is considering setting up a Malaysian chain in Penang, Johor Baru and Ipoh, in addition to its existing store in Kuala Lumpur. It also plans to set up a coordinating centre in Kuala
        76 words
      • Article
        Meeting to discuss park needs
        94 2 IHF Parks Recreation Department will be meeting representatives from the community leaders of Cheng San, hong Boon, Jalan Kayu, Braddell Heights, Serangoon Ciardens, Thomson, Punggol and Hougang this Saturday to share ideas on park planning, design and development. Feedback on the public's needs will be
        94 words
      • Article
        NS ruling on medical students
        127 2 NATIONAL SERVICEMEN taking up overseas medical studies will now do so after serving at least 21 or 24 months of National Service (NS). This is a change from the previous practice, when they could disrupt their NS after a minimum of six months. The new
        127 words
      • Article
        New commemorative stamp
        84 2 THE SINGAPORE Philatelic Bureau will issue a new stamp on April 24. The "Singapore '95 Orchids Series" commemorative stamp is the first in a series to be released in conjunction with the world stamp exhibition, Singapore *95, which will be held for the first time in Singapore
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      • Article
        Caring for a dying relative
        55 2 THE NATIONAL LIBRARY will hold a talk next Thursday with the Community Chest of Singapore on the topic, "Caring for a Dying Relative". David Row of the Hospice Care Association will touch on the needs of the terminally ill-patient and the role played by the
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    • Article, Illustration
      Call to endorse local food products
      436 2  -  Official certification will help manufacturers break into overseas markets: Mah Bow Tan By Carolyn Lim j ENDORSEMENT by local agencies on behalf of foreign food standards authorities will help local food and beverage manufacturers break into new market overseas. Food exports to countries such
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    • Article
      TDB to start fashion resource centre
      197 2 THE TRADE Development Board will soon set up a fashion resource centre to provide relevant services to fashion designers and buyers, merchandisers, garment manufacturers and others in the trade. The centre, to cost $8.73 million for the first five years, is designed to develop
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    • Article
      From agent to leading ice-cream maker
      243 2 STARTING OUT as an agent of ice cream company Wall's, Tan Kim Chye went on to make his own. King's ice cream, a brand well known for its local flavours. Mr Tan, who embarked on his business with $100,000 borrowed from relatives and friends,
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    • Article, Illustration
      President congratulates Emir of Kuwait
      200 2 THE PRESIDENT of Singapore congratulated the Emir of Kuwait on the liberation of the state last month after the surrender of the Iraqi forces. In an official letter dated March 25 and addressed to Sheikh Jaber Al-Ahmad AlSabah. President Wee Kim Wee said that Kuwait
      200 words
    • Article
      Engineering faculty alumni sets up fund
      413 2  -  By Shoeb Kagda IN LINE with the government's call for more funding from the private sector for higher education, the Engineering Alumni Singapore (EAS) has started an endowment fund for the engineering faculty of the National University of Singapore. The EAS hopes to tap
      413 words
    • Article
      Economy forecast to grow 6pc
      303 2 WITH the economy expected to remain "reasonably healthy" in the next six to nine months. Singapore's real gross domestic product growth should reach around 6 per cent in 1991, DBS Bank has predicted. The bank, in the latest issue of its quarterly Investment Digest, also
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    • Article
      Poly offers diploma programme for workers
      236 2 EMPLOYEES of German and Swiss companies can attend classes at the Singapore Polytechnic and then get a better understanding of the lessons through practical training in their companies under a new scheme run jointly by the Singapore Polytechnic and the German and Swiss business
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      146 2 FOR $18 YOU CAN HAVE ALL THIS BY THE SINGAPORE RIVER A SUMPTUOUS STEAMBOAT DINNER FEATURING A DELICIOUS VARIETY OF MEAT, SEAFOOD AND VEGETABLES AT ONLY $18 FOR TWO. THE DELIGHTFUL EXPERIENCE OF DINING AT THE OPEN-AIR PLAZA OF HOUSE OF FOUR SEASONS RESTAURANT. AN IRRESISTIBLE ROMANTIC SETTING WITH SOFT,
      146 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Tan Chong posts hefty 54pc rise in profit to M$164m
      441 3  -  Final dividend of 6pc declared By Dexter Lee TAN CHONG Motor Holdings has chalkcd up a 54 per cent increase in group aftertax profit for 1990 to M 5164.6 million from M$ 106.8 million in 1989. Group turnover rose 26
      441 words
    • Article
      Avimo discloses sell-off by major shareholder
      309 3 DEFENCE and precision optics company Avimo, fighting to regain profitability after it slipped into the red last year, yesterday disclosed a major sell-off by its substantial shareholder USH International (USHI). In a letter to the Stock Exchange of Singapore, Avimo revealed that USHI disposed
      309 words
    • Article
      Lock icon Talk of big job lifts MMC share prices
      184 3 Reuter SHARES of Malaysia Mining Corp (MMC) surged in early trade yesterday on talk that the company might land a major engineering job, traders said. Local media news that Australia's Plutonic Resources Ltd. owned 30.05 per cent by MMC, returned to profitability
      Reuter  -  184 words
    • Article
      Lock icon Faber gets CIC nod to buy 50pc stake in PLUS
      265 3 MBT FABER GROUP has received approval from the Capital Issues Committee for its proposed acquisition of a 50 per cent stake in Project Lebuhraya Utara Selatan (PLUS). In a statement, Commerce International Merchant Bankers, on behalf of Faber. said the
      MBT  -  265 words
    • Article
      Lock icon Thai market set for bull run
      561 3 MARKET TALK But index may fall 15pc before the run-up, say analysts Reuter BROKERS and analysts expect the Thai stock market to resume its bull run in the second half of this year, but the index may first fall 15 per cent from its
      Reuter  -  561 words
    • Article
      Keppel Bank's after-tax profit soars 54pc to $14m
      386 3 KEPPEL BANK, in its maiden annual report released yesterday, has reported an after-tax profit of 5i3.9 million for its group operations last year, a jump of 54 per cent from 1989. The bank also indicated that it will seek a listing on
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    • Article
      Cold Storage chairman to step down in June
      240 3 NOEL Robertson, chairman of Cold Storage Holdings (CSH), will step down on June 30, 1991, after three and a half years at the helm of the company. His responsibility will be taken over by DJ Hughes, currently a non-executive director of Goodman
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    • COMPANY BRIEFS
      • Article
        Magnum shareholders vote for revamp
        43 3 MAGNUM Corporation shareholders, with the exception of two, have voted in favour of the company proceeding with its proposed reconstruction scheme, its second attempt to consolidate all its gaming operations under a separate flagship company. Leisure Management Bhd.
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      • Article
        SPC project still under study
        73 3 SINGAPORE PETROLEUM Company said its plans to build a residue catalytic cracker project with two other partners are still under study. A BT article yesterday said the project is expected to cost US$25O million upwards, depending on the size. SPC said yesterday in an statement
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      • Article
        No need for claims provisions
        98 3 KEPPEL BANK said in its annual report that there had been claims of share ownership of up to a market worth of $4.5 million by third parties involved in a loan. These shares were pledged as collateral by a borrower but were disposed of by
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      • Article
        Foreign ownership in Tat Lee
        33 3 TAT LEE Finance has stated that the beneficial ownership of issued share capital by foreign persons as of March 30 in the company is now 6.59 per cent.
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      • Article
        HMP directors make declaration
        66 3 THE directors of Hotel Marco Polo have stated that they have no interest in the sale of the 10 million shares sold by The Wharf (Holdings) on March 18. The shareholding of the company now stands at: Wharf Investments with 10 million shares; Hardisty Company with
        66 words
      • Article
        S'pore Fodder's NTA soars
        52 3 SINGAPORE FODDER Company has announced that its net tangible backing per share for 1990 is 63 cents, up sharply from 12 cents in 1989. The impact on the net tangible asset backing per share due to the revaluation of the group's freehold land and building is
        52 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      183 3 I've switched to ANA Hotel Sin gapore. A ANA HOTEL SINGAPORE FIRST OF ITS KIND IN SINGAPORE ThePlaceFor Airflown Australian I|jL Choice of Beef Pork Ribs. Specially Marinated. Hickory Smoked BBQ. 5-COURSE SET MENU FOR LUNCH DINNER Juice Soup Toasted Garlic Bread Main Course Dessert Coffee or Tea FREE function
      183 words
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        NEC to cooperate with IBM on PBX equipment
        60 4 NEC CORP will work with International Business Machines Corp to make NEC's private branch exchange (PBX) equipment compatible with IBM's computers. I he companies will develop a link between NEC's "open application interface" and IBM's "call path services architecture", NEC said. NEC's
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      • Article
        Beijing nod for Seoul firms
        63 4 THREE South Korean companies received official approval for branch operations in Beijing from China's Ministry of Foreign Economic Relations and Trade, company officials said. Lucky-Goldstar International Corp. which set up its trade office in 1988, Samsung group's Samsung Co Ltd. which launched its office in
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      • Article
        Intec to issue US$100m bonds
        55 4 INTEC INC, a Japanese data processing service company, said it will issue US$lOO million in warrant bonds maturing on April 25, 1995. Sign date is April 9 and payment date is April 25. Coupon rate and other terms will be decided later. Nikko Securities Co,
        55 words
      • Article
        Brierley plans to cut stake
        101 4 BRIERLEY Investments Ltd is looking to reduce its holding in British cashbox company GPCi pic, chief executive Paul Collins said. "What we would probably look at doing is selling down our holding to the low 40s (per cent) which would enable us to get a
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      • Article
        French, Indon firms in IT deal
        87 4 A GROUP of foreign companies and an Indonesian software firm have signed an agreement for cooperation in information and telecommunications, says a report in the Jakarta Post. DDA Consultants of France will provide skills •jn new technologies, architectural design and management *of large projects,
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    • Article, Illustration
      Lock icon News Corp plans to cut costs by at least 10pc
      426 4 Reuter RUPERT MURDOCH'S News Corporation, with a multi-billion dollar debt deal out of the way, plans to cut costs by at least 10 per cent in the next year, its chief opcrating officer said in an interview published yesterday. Cuts
      Reuter  -  426 words
    • Article
      Lock icon Murdoch to launch German tabloid
      270 4 FT THE CITIZENS of eastern Germany arc about to receive their first taste of tabloid journalism, western style. Mr Rupert Murdoch, chief executive of News Corporation, and Mr Hubert Burda, the German publisher, are launching Super Zeilung as a joint venture later this month from
      FT  -  270 words
    • Article
      Chinese market a major boost to HK Telecom
      417 4 TELEPHONE traffic into and out of China is providing a major boost to Hongkong Telccommunications' grow th, with traffic expanding 40 per cent a year, according to the group's chief executive, Mr Mike Ciale. "China as a market is extremely important to
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    • Article
      Lock icon Adsteam's huge losses send group's shares falling
      225 4 AFP SHARES in the Adstcam group of companies slumped yesterday after reports that a provisional liquidator is likely to be appointed to administer its reconstruction in the wake of huge interim losses. The group announced last •week the sacking of its chief •executive
      AFP  -  225 words
    • Article
      Lock icon Two Osaka firms in Perak venture
      571 4 MslBsm to be invested in textile plant Bernama TWO OSAKA-BASED Japanese companies. Toyobo Co Ltd and Kanematsu Corporation. arc jointly investing in a high quality textile production plant, which is expected to be built in Perak next month. The investment, which will be through
      Bernama  -  571 words
    • Article
      Health club to seek stock listing after expansion
      428 4 PHILLIP Wain International. the specialist women's health and fitness club group, plans to seek a listing on the stock exchange when it completes its current expansion programme in the region, said the South China Morning Post. But the Australian-owned and Hongkong-based group
      428 words
    • Article
      Indon group to build airport on Lombok
      254 4 A PRIVATE Indonesian group building a tourist resort in the Kuta area on Lombok island. West Nusa Tenggara. will build an airport under a revenue sharing agreement with the government, the Jakarta Post said. PT Lombok Tourism Development Corp (LTDC) will spend about
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      644 4 ASIA'S PREMIER CONFERENCE AND EXHIBITION FOR THE BANKING AND FINANCE INDUSTRY Intcmntionnl Conference The Asia-Pacific... the new frontier of growth in the 21 st century, and Singapore... the regional financial hub and and Exhibition one of the world's fastest growing business capitals... provide the perfect setting for the Global Fund
      644 words
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      Page 4 Advertisements Column 2
      30 4 E^TYOWCHUAN ■r Located at the bustling area of Jin Ampang-Jln Tun Razak, KL ample parking activities assured strategic location •-For details Contact Ms Anna of Colliers Tel: 03-*****00 Fax: 03-*****85
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon General Motors tops Fortune 500 despite profits fall
      274 5 UPI GENERAL Motors Corp remained number one on the Fortune 500 list for a sixth straight year, but profits fell at the giant automaker along with those of many other top US industrial giants. Fortune magazine reported on Monday. The 36th annual
      UPI  -  274 words
    • Article
      Lock icon O&M execs plan buyout, says report
      214 5 Secret talks in advanced stage Reuter SENIOR executives at WPP Group Pic's US-based advertising agency Ogilvy and Mather have held secret talks with investment bankers about mounting a management buyout from the group, the Sunday Independent said. A hint of an offer for part
      Reuter  -  214 words
    • Article
      Lock icon Call for EC computer network
      405 5 Reuter FOR anyone who has tried to send information via a portable computer from one European telephone to another, the need for a system to aid the data flow is clear. European computer makers also want to make data transmission easier, on the principle that
      Reuter  -  405 words
    • Article
      Lock icon US exposes 'fronts' for Baghdad
      460 5 FT THE US Treasury has named 52 businesses and 37 individuals as fronts for the Iraqi government. They will now be subject to the trade embargo and assets freeze against Baghdad imposed last August. The US announcement on Monday is intended to encourage the provision
      FT  -  460 words
    • Article
      Lock icon Analysts expect US carmakers to do better in second quarter
      316 5 UPI AMERICA'S top carmakers were expected to close out the first quarter with dire losses, hut industry analysts said on Monday the red ink should abate during the second quarter because of higher production and sales as well as benefits
      UPI  -  316 words
    • COMPANY BRIEFS
      • Article
        Pathe unit says it has bank's full support
        67 5 MGM-PATHE Communications Co, a unit of Pathe Communications Corp, said it has been advised by its bank, Credit Lyonnais, that it has the bank's full support to fund existing payables and to support ongoing operations. A group of creditors of MGM-Pathe on
        67 words
      • Article
        New products from Frito-Lay
        58 5 FRI TO-LAY Inc, a subsidiary of PepsiCo Inc, is spending US$3O million (5553.3 million) to launch its nsw chip, Sunchips Multigrain Snacks, which became available on Monday. The company said its marketing programme centres around a 30-second television commercial that begins today in which singer Carly
        58 words
      • Article
        Xerox profit-sharing
        50 5 XEROX Corp said it made a profit-sharing distribution of U*****.5 million to 52,000 document processing business employees in the US. The payout is the largest the company has made in 10 years. Each eligible employee received a sum equal to 5 per cent of the individual's 1990 pay.
        50 words
      • Article
        Plan to merge Ford divisions
        50 5 FORD MOTOR Co, in an effort to save money, is considering a plan to merge its various powertrain divisions, according to a trade magazine report. Automotive News, citing sources, said the plan calls for the consolidation of the Transmission and Chassis, Engine, and Casting units.
        50 words
      • Article
        More UK businesses go bust
        39 5 ALMOST 8,000 businesses collapsed in the first three months of 1991 in England and Wales, the highest failure rate in any quarter since records were first kept in 1980, a Dun Bradstreet survey said.
        39 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      162 5 msmm m7 W? f E ~a* 0 a «■***•s *69" Vo' *a' S**ac .a* ~s v o r When I won the Tchaikovsky competition, I was thrilled. Later came the Avery Fisher prize I was overjoyed. Now I play a Stradivarius on the concert stages of the world. And Ive
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Citibank makes senior appointment
        109 6 CITIBANK has announced the appointment ot Mr Rana Talwar, currently its division executive tor South Asia and Middle East division, as the head ot its Global onsumer Bank in the Asia Pacific and the Middle East. The move will put Mr Talwar, aged 43, in charge
        109 words
      • Article
        Mitsubishi to cut prime rate
        56 6 MITSUBISHI Bank will lower its short-term prime rate to 7.875 per cent from the current 8.25 per cent, effective April 8. The short-term prime rate is tied to a basket of short-term money instruments such as certificates of deposit. Other Japanese city and regional banks
        56 words
      • Article
        Nomura sets up NY unit
        94 6 NOMURA Securities Investment Trust Management Co has set up a subsidiary in New York to reinforce its global fund management network, a Nomura official said. Nomura Asset Management (USA) Inc, which started operations on April 1, was capitalised at US$l2 million (5521.5 million) of which
        94 words
      • Article
        Fidelity expects US$50,000
        78 6 FIDELITY Savings Bank PaSA, citing an additional charge to the bank's loan loss reserve, said it expects to report a net income of less than US$5O,OOO (5589,500) for the second quarter ended March 31. Fidelity did not release comparative earnings for the year-ago second quarter and was
        78 words
    • Article, Illustration
      Bank Negara hints at 2 percentage point rise
      358 6  -  By Chew Eng Han INTEREST RATES in Malaysia look set to rise and the increase will probably be higher than the market expects. Bank Negara governor Tan Sri JafTar Hussein, according to an article in Monday's Asian Wall Street Journal, said that
      358 words
    • Article
      Indonesian banks lower interest rates
      415 6 STATE and private banks in Indonesia, which were forced to raise deposit interest rates at the end of February after the withdrawal of a huge sum of money from the banking system, have lowered interest rates, apparently in response to a slight relaxation of the
      415 words
    • Article
      Lock icon First City Bancorp expects further loss
      317 6 Reuter FIRST City Bancorp of Texas Inc said it expects to report a loss in 1991, but it should not exceed the US$l5B million (Ss2B2 million) 1990 loss. The company, which fired chairman A Robert Abboud last week and announced that it needed $200
      Reuter  -  317 words
    • Article
      Australian bank to issue Visa cards
      247 6  -  By Diana Oon VISA International is one step closer to a bigger presence in the Asia-Pacific. It now has Australia's Commonwealth Bank, the country's biggest issuer of credit cards, issuing Visa cards. Commonwealth Bank acquired its membership with Visa when it purchased the State
      247 words
    • Article
      Lock icon Mergers seen as boost to Japanese banking industry
      402 6 AP MERGER MANIA is sweeping Japan's banking industry, and the results could make the banks even tougher competitors on the growing international financial scene. The latest "marriage" involves Kyowa Bank and Saitama Bank, which on Monday joined forces to become Japan's eighth-largest
      AP  -  402 words
    • Article
      HK stock exchange tightens rules for brokers and clients
      289 6 INVESTORS will have to sign an agreement with their brokers under a proposed mandatory requirement by the stock exchange, says a report in the South China Morning Post. The exchange council believes that the measure will serve to protect both brokers
      289 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      173 6 Spend You Could Win A Trip To Australia y/ Between 1 April and 31 May every $25/- you spend on one bill jf at the following outlets Oscars Brasserie Wine Bar, Casablanca H|hiii|.sr 5T Restaurant Wine Bar, Spices HllHHUwittu^^i X Oriental Brasserie, Trumps Cafe (Terminal 2) Oscars Restaurant Bar (Terminal
      173 words
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      Page 6 Advertisements Column 2
      431 6 21-22 May l«WI Ming Coun Kuala l umpur 23-24 May IWI Hilton Singapore 27-2 X May l«WI Nikko Hold Sydney FUNDAMENTALS OF THF WORLD OIL resources and distribution, market penetration MARKET m 'he Asia-Pacific crude oil supply, capacity production, supply HSI MMINCi UP: CRITICAL ISSLES, prospects in non-OPEC world CRITICAL
      431 words
  • Page 6 Miscellaneous
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      192 7 After the HP Apollo Series 700, nothing will seem hot anymore. 4 We regret to inform all workstation This means you can now run your industry standards. Or for that matter, manufacturers that HP has just intro- applications on HP faster than any our world-famous service and support, duced their
      192 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Flor de la Mar claims may be a trick: minister
        151 8 A PRIVATE Indonesian firm's claim that it has found a sunken ship supposedly laden with priceless treasure in the Straits of Malacca may be a trick to attract investors, a government minister has warned. "I he ship is yet to
        151 words
      • Article
        Vietnam's oil output surges
        114 8 A JOINT Vietnam-Soviet petroleum venture has achieved record outputs, yielding 11,000 tonnes ol crude oil a day during the last 10 days of March, Hanoi newspapers reported yesterdav. In the first quarter of 1991. Vietsopetro produced 796.800 tonnes of crude oil. 28.800 tonnes more than projected
        114 words
      • Article
        MP raps NZ spending cuts
        79 8 A LEADING government backbench member ol New Zealand's Parliament, Ross Meurant, warned in Wellington yesterday that the government faced electoral defeat in 1993 unless its economic policies were quickly changed. The MP's criticism of Finance Minister Ruth Richardson's policies camc a day after the implementation
        79 words
      • Article
        New Zealand eases curbs
        97 8 NEW ZEALAND said yesterday that it would allow the export to Iraq of foodstuffs and humanitarian items. Foreign Minister Don McKinnon said in a statement that New Zealand was being guided in its actions by the United Nations Security Council. Regulations prohibiting trade and financial deals
        97 words
      • Article
        Bomb rocks Manila police HQ
        96 8 A BOMB believed planted by right-wing army rebels exploded outside the Philippine policc headquarters late on Monday in the second attack in Manila in two days, police said. Two other bombs found hanging in plastic bags outside the gates of Camp Cramc, headquarters of the
        96 words
    • Article
      Cost of Thai petrochem complex soars to US$3b
      453 8 THE INVESTMENT cost for the entire second petrochemical complex (NPC-2) has jumped by more than 50 per cent to IJSS3 billion ($55.36 billion) as a consequence of the Gulf crisis. Thai Industry Minister l)r Sippanondha Kctudat has revealed. the Nation reported that
      453 words
    • Article, Illustration
      Seoul holds Escap meeting
      52 8 SOUTH KOREAN President Roh Tae-woo (left) greeting Indonesian Foreign Minister Ali Alatas in Seoul yesterday. Mr Roh held a luncheon meeting with about 150 delegates who came to Seoul to attend the 47th session of the United Nations Economic and Social Commission for Asia and the
      52 words
    • Article
      Lock icon Asia working to reduce fuel bills
      473 8 Reuter ASIA'S developing countries, home to more than half the world's population, are try ing anything from rubbish tips to rays of sun to cut fuel bills, but more often than not oil is cheaper than flashy hightechnology. "With current technology we'll never make
      Reuter  -  473 words
    • Article
      New oil field gives Indonesia a boost
      492 8 IN THE mid-*****, Widuri was the title of one of the most popular love songs to have hit Indonesia in years. Recently, the old, familiar name resurfaced, but this time it was economics more than aesthetics. On Jan 21, President Suharto led a
      492 words
    • Article
      Lock icon 15,000 Indonesians face travel ban: magazine
      162 8 Reuter AT LEAST 15.000 Indonesians, including some former cabinet ministers, arc banned from travelling abroad but quite why is a secret, the respected Tempo weekly magazine reported yesterdav. "(The reasons) arc a state secret and cannot be disclosed," it quoted director general of Immigration
      Reuter  -  162 words
    • Article
      Lock icon NZ dairy board and Soviets discuss coal deal
      228 8 Reuter THE New Zealand Dairy Board's Soviet trading arm. Sovcnz. is negotiating to trade dairy products for Soviet coal. Sovcnz said in Wellington yesterday. Sovcnz managing director Bruce GaiTikin said the deal with the southern Siberian region of Kemarova, worth NZ$3O million
      Reuter  -  228 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      374 8 I I I The Academic Programme at I Banque Asia '91/ Finance Asia'9l I State-of-the-Art Presentations I I on Financial Technology Applications I I June 19 —21, 1991 I I Raffles Cily Convention Centre I H I Fa this (<*in to: iUHIT IH Hr ■r ihe academic programme which runs
      374 words
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      Page 8 Advertisements Column 2
      79 8 No. 1 Coleman Street. An address of distinction. Ideal for medium and large companies. Immediate occupation. Office units with areas ranging from 1.400 sq ft to 29,000 sq ft at attractive (1 111 The Adelphi is ideal for medium and large yj|EEß||||lfllfl ■lll||l||||||L companies: as your headquarters, regional Call us
      79 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      229 9 PICTURE BY REUTERS Qg -mmnnn MM D HWfffiT gHßflflKnuMM g BHwOpßKfflM BMftfiHpb&SSnjfW ■H^HBUHnnHßHHßBßSßffiffiS^v<'' <' -fll^H J wBBBflBBMfe»y»*»*«T«%%3Bbftdbi X'!S > *%''*-V>'*'<^^^^ 1 rff HHrIHHHHHnhH H >^^^BB^|HM|BWfHdlHHH|B^^ PC HHi |HB^3ftttB 1 .%%v9i Bii^Hßi^^^H^^^^^^^^HßHE'X a X%^X'ra& AVQIn%VnjaVtJLC vHßl^HllllHHiil^^^^^^^H THE FUTURE IS NOW BRIGHTER. The Gulf crisis is over. Oil prices have dropped dramatically.
      229 words
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        S Korea to hold second stage of polls in June
        92 10 SOUTH KOREA'S ruling and opposition parties have agreed to hold seeond-phase loeal eleetions in June and seek to amend controversial security laws to allow freer antigovernment criticism. The agreement on Monday was reached in Taegu between Kim Young-sam, chairman of
        92 words
      • Article
        Third trade deficit in a row
        72 10 SOUTH KOREA ran a trade deficit of US$l.l5 billion (552.07 billion) for the third consecutive month in March, up 70 per cent from the same period last year, the South Korean Trade and Industry Ministry reported yesterday. Officials in Seoul noted, however, that the
        72 words
      • Article
        No-compromise call on rice
        88 10 JAPANESE Agriculture Minister Motoji Kondo, under pressure from the country's powerful farm lobby, said yesterday that he hopes Tokyo will not give in to Washington's demands to open up its protected rice market. Mr Kondo has repeatedly urged Prime Minister Toshiki Kaifu not to make any
        88 words
      • Article
        Tokyo to tie aid to policies
        80 10 JAPAN is planning to make it overseas economic aid conditional on the military policies of recipient countries. A Foreign Ministry official in Tokyo said on Monday that an outline of the new policy would be made public soon, adding that it "would not target
        80 words
      • Article
        Optimism over privatisation
        52 10 TURKEY'S Privatisation Office (KOI) expects to raise two trillion lira (***** million) or possibly higher in revenues this year KOI chief Okkes Ozuygur said in Ankara on Monday that privatisation was a major plank of the centre-right government's economic policy and a key to financing a growing
        52 words
      • Article
        Two Chinese projects on hold
        74 10 CHINESE AUTHORITIES have made energy policy a development priority until the end of the century, but arc postponing decisions on two important energy projects. The giant Three Gorges hydroelectric scheme and a proposed expansion of the Daya Bay nuclear complex would not be included in
        74 words
      • Article
        Shanghai mayor off to Europe
        79 10 SHANGHAI MAYOR Zhu Rongji left yesterday on a trip to six European Community countries that will focus on commercial and economic relations, diplomatic sources in Beijing said. Mr Zhu, who is expected to be named a vice premier shortly, is also to hold political discussions
        79 words
    • Article
      Lock icon China not ready to let foreign oil firms drill in Xinjiang
      404 10 Reuter BEIJING is not ready to let foreign companies take an equity stake in oil drilling in western Xinjiang, the nation's most promising region for exploration, according to China's energy minister. However, China, eager to avoid becoming an oil
      Reuter  -  404 words
    • Article, Illustration
      Lock icon Sharif to harness underground economy
      675 10 AP PRIME MINISTER Nawaz Sharif, the architect of Pakistan's new industrial revolution. hopes to jump-start its stalled economy and wipe out the parallel economy run by smugglers, drug barons and black marketeers. Mr Sharif has launched a no-questions-asked investment policy that allows black money to
      AP  -  675 words
    • Article, Illustration
      Lock icon China reforms taxes to woo foreign investment
      446 10 Mixed response from businessmen and diplomats Reuter CHINESE Premier Li Peng yesterday presented Parliament with a new tax law to keep China competitive in attracting foreign investment. Foreign diplomats and businessmen in Beijing said that while the new law was a step forward,
      Reuter  -  446 words
    • Article
      Lock icon Japanese trade body to send first mission to S Africa
      257 10 AFP KKIDAMREN, Japan's most powerful business organisation, said yesterday it would send its first mission to South Africa this month to conduct an on-the-spot survey of the country's domestic situation. The Japan Federation of Kconomic Organisations (Keidanren) said it decided
      AFP  -  257 words
    • Article
      Lock icon More Japanese firms setting up shop in Europe
      267 10 Reuter THE NUMBER of Japanese firms manufacturing in Europe rose nearly 28 per cent last year, with Britain remaining the most popular location, a survey by the Japan External Trade Organisation (Jctro) said. Japanese firms were increasing their investments in Europe before
      Reuter  -  267 words
    • Article, Illustration
      Lock icon Political problems keeping Japanese away from S Asia
      267 10 Reuter SRI LANKA and several other South Asian countries arc unlikely to rcccive significant amounts of Japanese private investment because political problems persist in the region. says a senior Japanese ofTicial. "Look arouna. in all these countries Sri Lanka. India. Pakistan and
      Reuter  -  267 words
    • Article
      Lock icon US index points to an economy on the mend
      582 11 Purchasers' report is latest bit of encouraging news IHT A SNAPSHOT index of the US manufacturing industry released on Monday has given further evidence that the American economy is bottoming out. The National Association of Purchasing Management reported that its monthly
      IHT  -  582 words
    • Article, Illustration
      Lock icon Fears that killing will shake confidence in east Germany
      500 11 Reuter THE ASSASSINATION late on Monday night of Dctlev Rohwcddcr, head of the agency privatising cast German industry, is a major blow to the organisation and may further shake investor confidencc in Germany, analysts said. The murder of one of Germany's
      Reuter  -  500 words
    • Article
      Lock icon Russian parliament bogged down over presidency issue
      373 11 AP RADICAL Russian Federation lawmakers, frustrated by a deadlocked special parliamentary session, on Monday refused to debate critical economic issues until their colleagues address proposals for a directly elected president. "We will not discuss any other question during the Congress except the presidency,"
      AP  -  373 words
    • Article
      Lock icon Argentina starts to make harsh economic adjustments
      269 11 FT ARGKNTINA began on Monday to implement its toughest adjustment programme yet, amid guarded optimism that the country may have found a solution at last to its intractable economic problems. I legislation came into force making the currency convertible, banning indexation, opening the
      FT  -  269 words
    • Article
      Lock icon End of UK recession in sight, says CBI
      439 11 FT EXPECTATIONS about output levels by British manufacturers have improved for the first time in eight months, according to a survey published by the Confederation of British Industry, the employers' organisation. The survey is among the first signs that the UK recession
      FT  -  439 words
    • Article, Illustration
      Lock icon Moscow to boost credit, devalue rouble
      530 11 FT A HUGE INCREASE in cash and credit in the Soviet economy and an imminent devaluation of the rouble arc planned by the Soviet authorities to case the trauma of Monday's sweeping food price rises. The moves were spelt out by Viktor Gcraschcnko, the
      FT  -  530 words
    • Article
      Lock icon Analysts fear backlash in Latin America
      456 11 Reuter IN A QUIET economic revolution. Latin America is stripping away regulations that have stilled private enterprise but nations could be tempted to turn the clock back if new policies fail to producc quick results. Support for the painful free-market reforms sweeping Latin America
      Reuter  -  456 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      134 10 IPLUSS INTERNATIONAL ASIA I Head Office in Geneva (Switzerland) I realizes for you on short notice any type of H architectural projects I by adopting futuristic ideas, new forms, new concepts. H PLUSS INTERNATIONAL realises outstanding real- I estate programs worldwide by using Swiss quality standards H and disposes of
      134 words
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      Page 10 Advertisements Column 2
      120 10 SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE The undermentioned share certificate has been reported lost, mislaid or destroyed Certificate No No. of Shares In the name of C *****17 Ixl,ooo Peter Roydon Chnstensen Notice is hereby given that duplicate certificate will be issued and the
      120 words
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      Page 11 Advertisements Column 1
      28 11 TAMAN PERINDUSTRIAN CEMERLANG FREEHOLD DETACHED FACTORIES IN JOHOR BAHRU. Price from M 51,150,000 onwards Singapore Sole Marketin^ 11 Collyer Quay. #13 01 The Arcode Singapore 0104. Fax *****31
      28 words
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      Page 11 Advertisements Column 2
      7 11 Argentina makes currency freely convertible, l*g 25
      7 words
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      Page 11 Advertisements Column 3
      386 11 It happens to all of us. We find language. They le*m how to stand ourselves unable to speak up when up and speak up for lha r ideas and we really need to. We remain in attract the immediate attention of the ranks of the "silent majority" listeners, how to
      386 words
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  • Article
    Time for predictability
    509 12 EDITORIAL THE QUESTION was direct, clear-cut and left no chance tor evasion. Will he or will he not run for President in 1993? Such a frontal query could never have been posed to President Suharto by any Indonesian, given the sensitive nature of the issue. Yet it
    509 words
  • WHAT THE OTHERS SAY
    • Article
      Leave the door open
      232 12 THE recent Institute of Policy Studies report on Singapore emigrants in Australia and Canada is the first systematic study of its kind. It is a broader and probably more reliable policy guide than previous studies. In some ways, it merely confirms previous reports on the subject
      232 words
    • Article
      New impetus and hope
      135 12 THE historic multi-party elections in Albania have given a new impetus to the birth of democracy and national reconciliation there. Despite its failure to secure a complete majority, the opposition Demo- cratic Party has displayed its credibility by ousting President Ramiz Alia from his scat in
      135 words
    • Article
      The issue of water
      140 12 JOHOR's supply of water to Singapore is a "sensitive" political issue in Malaysia. Singaporeans must adopt a calm and rational attitude towards it. We should have full confidence in the present leadership of Malaysia and the future development of Singapore-Johor relations. On the other hand, we
      140 words
  • REGIONAL VIEWPOINTS
    • Article
      Moscow's participation
      134 12 SOVIET President Mikhail Gorbachev's forthcoming visit to Japan is of such strategic importance that, if fruitful, it could well create a new geopolitical landscape in the East Asia-Pacific region. We are referring, of course, to a possible solution to the question of the status of the Kurile islands,
      134 words
    • Article
      A wrong equation
      160 12 CHINA'S patriarch Mr Deng Xiaoping knows the best legacy he could leave tor the country would he a stable government where the forces of caution and reformist zeal are in perfect balance. His parting wish will move one step closer to fruition with the expected appointment of
      160 words
    • Article
      Acting as a bridge
      186 12 MALAYSIA says the idea of the East Asian Economic Cirouping is simply aimed at enhancing Asia's negotiating position vis-a-vis Europe and America, and is not intended to form an exclusive trade bloc. Understandably, however, the US and other countries which feel they would be excluded from
      186 words
  • Article, Illustration
    Lock icon The heavy weight of bureaucracy
    961 12 The new president of of the World Bank, Lewis Preston, has a Herculean task ahead of him, says The Economist Economist THE World Bank that Mr IP (Lewis) Preston takes over," crooncd the Washington Post recently, "is in sound condition". Financially maybe, otherwise not. Insiders
    Economist  -  961 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      56 12 POONESBURY BY GARRY TRUDEAU VfeMTHOUR FIRSTOFF, A COUPU OF IWMS I «S I THINK TROOPS STAKING 10COM- IAJHffS IN Nte? OF I FOXZT The POT- WyNM I JUST SAW H(m,let's hoktmis coun&cins KrovuxtH mux* hjnpka&k njst&fr' jchnny oNeoFTtenvumvm SHOuivseeMeAFTEfinhe r I th/s sunom rrs anopsia capson MOF THE AIAL/BU MIUTAFi
      56 words
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  • ANALYSIS
    • Article
      Lock icon KGB working for the restoration of awe and fear
      1258 13  -  In 23 years, Oleg Gordievsky rose through the KGB to the rank of colonel. But for nis last 11 years as a Soviet spy, Gordievsky was secretly working for British intelligence. He defected in 1985. Last year, he co-authored KGB, The
      US News & World Report  -  1,258 words
    • Article, Illustration
      China: Too many hotel rooms
      1510 13  -  China's hotel industry is saturated. The worry is not just filling up empty rooms. Room rates have fallen so low that they may not even cover the interest payments on the gleaming hotel blocks. John Tan talks to four international hotel chains to see if
      1,510 words
    • Article
      Lock icon Providing consumers with cut-price produce
      460 13 What Algeria's Muslims have achieved Reuter WHETHER from motives of charity or political opportunism, Algeria's Muslim fundamentalists have pulled off a minor miracle where government pressure and union strikes have failed. Through a network of markets and restaurants, the Islamic Salvation Front (FIS) has cut
      Reuter  -  460 words
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  • THE LAW PAGE
    • Article
      Law Society gets letter of complaint against two lawyers
      576 14  -  A I.aw Page article that appeared a fortnight ago may have put a couple of lawyers in a spot of unnecessary trouble. David Gabriel reports David Gabriel An article which appeared in The law Page two weeks ago may have landed
      576 words
    • Article
      Friendly loans v moneylending
      428 14 dlgest SI BKAMAMAM 1)1 lAN APAKIAM V GIIAAM HIMA I 111. Ihe High C ourt of tiie Republic of Singapore. MC Suit No 7041 of l<WO Justice Chan Sek Keong. I UK plaintitT, Subramaniam. was a housewife who lent money to the defendant. I hey were
      428 words
    • Article
      Turkey takes Met Museum to Court
      282 14 Till- government of Turkey is to tight a courtroom battle with the New York Metropolitan Museum of Art over historical objects which the government claims were looted from tombs 2.5(H) years old. What is significant about the case is that the Turkish government did
      282 words
    • Article, Illustration
      Lock icon Justice Chan rules on issue of jurisdiction
      416 14 Till ISSI JF. of whether I he High Court of Singapore has the jurisdiction to hear an admiralt> suit against a person when the defendant is neither resident nor has a business in the Republic came before the court recently. Justice Chan Sck
      Punch  -  416 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      140 14 UP. LIVING IT vCC Q_ EACH WEEKEND, put up your executive feet, and let us shuttle 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
      140 words
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      Page 14 Advertisements Column 2
      187 14 Y«tem*>L < Youlravdoten on business and l if S f?! s l9 issues are andoised 2S inone si,le f i wi Iffl Vl' r j| For other reasons, send in your subscription now. in l ll li iJi ill II 1 ■■KJMaMkIUMMHBUMaiiBfIHH PU\is«- s»*n<l I n.une: rtanif: Acl<lr«*vs Address: I
      187 words
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  • SPORTS
    • Article, Illustration
      Bookish beginnings
      675 15  -  Swedish professional Stephen Atako-Lindskog shares with Cassandra How what a golf book did to him Cassandra How NO ONF would believe that Stephen Atako-Lindskog learnt how to play golf from a book Ben Hogan's Five Fundamentals of Ciolf. Judging from his effortless swing, this 23-year-old pro from Sweden
      675 words
    • Article, Illustration
      Lock icon Sampras teams up and wins
      279 15 Reuter INJUR Y-PLACiU ED Pete Sampras tried his hand at doubles to sharpen his game at the U*****,000 (*****.500) Orlando lassie tennis tournament on Monday and eame away with an upset vietory. Sampras teamed up with Nicolas Pereira of Venezuela to beat Australian Open champions
      Reuter  -  279 words
    • Article
      Rolex Masters starts tomorrow
      277 15 THE 19th Rolex Masters tees oil" tomorrow at the Singapore Island Country Club. Bukit Course. As the golfers take a break from the Asian circuit in this unofficial Asian event, 153 pros and 19 amateurs will compete for the 5523.490 top prize and a couple of
      277 words
    • Article
      Lock icon Hole-in-one makes Texan amateur a millionaire
      346 15 AP MOST PKOPLK can only dream of winning one million dollars, and most golfers can only fantasi/e about hitting a hole-in-one. Both dreams came true at the same time for Kay VYilkerson, 41, of llarlingen, Texas. He made the shot during the Pi/ia Hut
      AP  -  346 words
    • Article, Illustration
      Lock icon Borg readies himself for a comeback
      517 15 NYT YOUTH may be the trend in tennis, but 34-ycar-old Bjorn Borg is still intent on bucking that trend three weeks hence in Monte Carlo, site of his tennis comeback. Sick of the sport and his attendant responsibilities following the acquisition of 11 Cirand
      NYT  -  517 words
    • SIDE LINES
      • Article
        Maradona faces final reckoning on Saturday
        105 15 THE DISCIPLINARY COMMISSION of the Italian soccer league will rule on Diego Maradona's doping case on Saturday morning, the Milan-based league announced yesterday. Maradona. one of the world's best known and highest paid soccer stars, tested positive for eocaine use following an Italian league
        105 words
      • Article
        EC cycling tour cancelled
        77 15 THE 1991 TOUR of the European Community cycling race has been cancelled after the main sponsor, the Luxembourg television station RTL, pulled out. But a European Commission official said in Brussels on Tuesday that the women's race would go ahead as planned from Sep 3 to
        77 words
      • Article
        Teenager beats Mayotte
        114 15 TEENAGER David Witt upset Tim Mayotte 7-6 (8-6), 6-2 on Monday night to reach the second round of the U*****,000 Prudential Securities Tennis Classic. Witt, 17, who still attends high school in Jacksonville, Florida, turned the match around in the pivotal first set tie-breaker. Trailing 4-6 and
        114 words
      • Article
        Baseball's biggest money earner
        88 15 DWIGHT "Doc" Gooden signed a three-year contract extension with the New York Mets on Monday that will pay him more than US$5 million a year and could make him the highest-paid player in baseball. The 26-year-old hurler's extension is worth a guaranteed U5515.45 million, an average
        88 words
      • Article
        Family Circle: two seeds beaten
        108 15 MARTINA NAVRATILOVA and Gabriela Sabatini, along with the other six leading seeds, had first-round byes but two of the seeds that did play on Monday were eliminated at the US$5OO,OOO Family Circle women's tennis championship. Regina Rajchrtova of Czechoslovakia, the 13th seed, failed to win
        108 words
      • Article
        Taylor, Jones score needed runs
        65 15 AUSTRALIANS Mark Taylor and Dean Jones, who have failed more often than they have succeeded in recent cricket tests, both scored some much-needed runs in Kingstown on Monday. Opener Taylor hit 122 while Jones scored 60 as Australia scored 390 for six in reply to
        65 words
    • Article
      Lock icon Sawgrass course weathers criticism
      564 15 UPI THE STATE of golfers' swings and not the condition of the stadium course at Sawgrass was the main issue this year at the the Tournament Players Championship. When Australian Steve Elkington sank a 15-foot putt on No 18 on Sunday to clinch the US$2BB,OOO (*****.600)
      UPI  -  564 words
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      Page 16 Advertisements Column 1
      209 16 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE jIVY\ -v IT GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 5.00 PM. HAPPY HOUR<Sf DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00 PM TO 2.00
      209 words
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      Page 16 Advertisements Column 2
      206 16 WSf DIAN XIN TEMPTATION! Treat yourself to a Delectable Dian Xin lunch. All-you-can-eat for only $16.80* per person. Lunch Hours: 11.30 am 2.30pm *Hu> 10% senior rhaqtr k 4% guwmment on HWT REG&JCY SNGAPORE lt>l2 Scuns KiwkJ Singapore 0922 Tef "'JillW jJEjjfr W-\ Delightful Dian Xin Enjoy the best from
      206 words
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      Page 16 Advertisements Column 3
      266 16 ckibjArc you toniglit|p Well, if you're at Club 5, it's unlikely you'd have the ehanee to feel that way. Don't be surprised if you find yourself spending all your nights at Club 5. PLAZA HOTEL And why not? r»* mmi Catch the Cuatro Calientes at the Bugis Lounge Vfes Singapore
      266 words
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      Page 16 Advertisements Column 4
      285 16 Scandinavian Buffet Lunch u/l April 1-30 Noon 2.30 pm Mpy PKpi Adult: $36+ bw|l Child below 10: $18 Qf*jjg We serve the world to you at The Belvedere. Ba Orchard Road Sm«*>oreo9Jl T* ***** 11 The return of that particular PeranaJcan perfection found only at the Cafe Vanda Authentic spicy
      285 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      700 16 TELEVISION AND RADIO A 1170I 4 SBCI2 9.00 News At Nine. 10J0 Television BUSINESS ON RADIO JLJIII llllvllllivlll Wf di 7.00 AM CNN International (L) !wT(£v Ouf Cho.ee 11 30 BBC, 89.9 mHz in VHF Band II 8.30 Close. 11.55 The Chart Show (Stereo). i? in AM Ouran Readme 7.19
      700 words
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  • LIFESTYLE
    • Article, Illustration
      No kick at this ball
      642 17  -  Claire Leow found the Silver Screen Ball for the Singapore International Film Festival mostly a series of blunders Claire Leow There were only three awards to be given out but the Silver Screen Ball for the Singapore International Film Festival last Saturday beat the Academy
      642 words
    • Article, Illustration
      Lock icon A doyenne of dance dances her last
      651 17  -  Dan Cox recounts the life and times of Martha Graham Dan Cox Reuter MARTHA Graham was a woman of small stature but her influence on the dance world and on art was towering. The famed 96-year-old choreographer who died of heart failure on
      Reuter  -  651 words
    • Article, Illustration
      La Cicciolina to quit Italian Parliament
      422 17 CHATTERBOX ILONA "Cicciolina" Staller, the porn star-turncd-politi-cian. is leaving the Italian Parliament in an effort to head off the need for early elections. "After careful reflection and the resignation of the prime minister, I have decided to resign from Parliament in the hope that
      422 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      239 17 AMP ENTEBTAIN AYen For Fresh Japanese Food. EH LUNCH: II Hi 8 tomspm I |S S DINNFR hJOPVt TO I v IQB2 10 f IJS 9 PRICKS SUBJECT T fJB S TO 10% SERVICE 2 C HARGE AM) I (imK m 79ra m 4% CESS Unkai flies in fresh ingredients
      239 words
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      Page 17 Advertisements Column 2
      184 17 fn/k. mw m Restaurant and 1 KvHIV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE DELUXE 5-COORSE LUNCH! 5523.00 Z' MONDAY "N TUESDAY WEDNESDAY Soup of the Day Soup of the Day Soup of the Day Mixed Salad with Mixed Salad with Mixed Salad with choice of Dressings choice of Dressings
      184 words
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      Page 17 Advertisements Column 3
      250 17 OptionA ijVA Starting from Ist April, Tee Off Cafe will be introducing a new dining experience. x 7&k LUNCHEON OPTIONS Salad Bar from $14.00+ DINNER OPTIONS Tai Pai Thong from $4.00+ X ts rom $22.00+ Sj TEE-OFF CAFE §5 You Don't Have Tb Be A Member J Tb Enjoy Fine
      250 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market finishes lower in dull session
      4934 18  -  By Diana Oon SELECTIVE BUYING of blue chips in the late afternoon pulled the Straits Times Industrials Index ofF its day's low in another subdued session in the market. The STII, charting the price movements of 30 Singapore blue chip counters, was lower by
      4,934 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4254 19 Main Board SIX I twcign ISIN> to t I k Tang 4 IS t 2X 6.8% k Kellas 25p 260 17 i 7 0% < X H( I orcign 10.10 10 1.0% N.iiSiwI «>30 <|0 I S \l -SI >)3 2000 US 10 t.HOV Komvi
    4,254 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      110 20 Company Date Year Group Net Net earnings Grots ann to profit/loss (L) per share dividend (000) (cents) Pacific Can Mar 18 Sep 90 SI 450L($531m) —(0 7) Keppel Finance Mar 15 Dec 90 S5.276(S5 169) 5 8(6 3) 5(4) Van der Horst Mar 12 Sep 90 S2.45HS1.902) 4
      110 words
    • Article
      PRELIMINARY RESULTS
      295 20 "omoanv Date Year Group pre-tax Met earnings 6re*» ann te prefit/loss (L) per share dividend (000) (C««ts) a, 0e« Mar 30 Dec 90 $85,064(171.938) 95(7.9) 15(15) iM Coron Mar 30 Dec 90 M$13.308($8.100) 128(93) 10(7) nchcape Mar 30 Dec 90 $103.079($119 583) 40 7(51 1) 32 5,(45) intraco
      295 words
    • Article
      INTERIM RESULTS
      345 20 Company Date Half-year GrMip pre-tax Interim ann to profit/loss (L) dividend (*000) Seal Inc Mar 30 Dec 90 MJ3.848(J5.892) Tongkah Hldgs Mar 29 Dec 90 WS1.514L(S378) Boustead Mar 28 Dec 90 M$17.902(M$20.406) 5(5) Chuan Hup Mar 28 Dec 90 $2.037($5.109) -<-) Ind Oxygen Mar 28 Dec 90 M$20.205($16.730)
      345 words
    • Article
      CORPORATE DEVELOPMENTS
      319 20 Apr 1 Keppel Corporation s banking arm. Kepoel Bank no* has eight branches in Singapore, following the opening ot two more units on Mar 30 Keppei Finance has fined the exercise price of its warrants at J2 12 per share RasM Hussain Bhd has received in principle approval
      319 words
    • Article
      DIVIDENDS ANNOUNCED
      1517 20 CwiMt El iMki Mi Tittfcr TlWhr payment data dm payaMa tt» y«w last year Mora 5*TE Jun 5 Jun 17 Jul 1 10VE Anittk Enc 6*TE(I) Apr 11 Apr 17 Apr 26 6*TE 12*11 Amw Find USJO 10(b) Mar 18 Mar 28 Apr 8 USJO 10 A who
      1,517 words
    • Article
      RESULTS DUE
      284 20 Main Board Last Full Yaar Company Poriod Date Vor NX EPS Grow Not announced nto| (certs) «v profit test year (T000) BMT Interim ten 10 lun 91 254 2 1500 773 Apofe Final Feb 16 Dec 90 1.7461 Taatai Final Feb 16 May 90 30 7 30 0
      284 words
    • Article
      APPROVED ISSUES
      293 20 Company Rights Issue Dufep Est Restricted issue ot $88 514m nominal value of 10% Convertible Redeemable Unsecured Loan Stock (COS) 1991/19% issued on the bass ot SI nominal amount of CULS for every 3 ordinary shares of $1 each hetd at nominal value Ei-date Apr Books dose Apr
      293 words
    • Article
      PROPOSED ISSUES
      440 20 Company Rights Issue Alcorn two MSI 00 pet share Issue of 40m CumUat/ve Redeemable Preference Shares (CRPS) of MJO 10 each at MSI per share with 10m detachable TSR on the tavs of 1 CRPS with 1 TSK for every 4 CRPS Saltan Onetor tour MK 00 per
      440 words
    • Article
      BONDS, LOANS & WARRANTS
      773 20 BONDS, LOANS WARRANTS C&C HI Before 26/4/93 1 warrant plus S3 09 cash Causeway Low Causeway Nt 2/10/89 to 20/10/94 1 warrant phis JO 77 cash or 1 warrant plus 50 77 normal amount of loan stock. Own Mm Chun «p HI March 87 to 31/12/91 155 warrants ptos >155
      773 words
    • Article
      COMPANY MEETINGS
      106 20 SPP Ltd: EGM at Amara Hotel Singapore. Gothenburg Room. Level 3. 165 Taniong Pagar Road. Singapore 0208 on Wednesday, April 3. at 9.30 am. Hume Industries (M) Bhd: EGM at the Conference Room. 14th Floor, Bangunan Hong Leong, 117 ialan Tun H S Lee. ***** Kuala Lumpur on
      106 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      220 20 FOR THEDIEtfS w COMPANIES MAKE Companies make news because they make profits or losses for you. The Business Times' COMPANIES NEWS pages are very widely read. We reveal the latest deals in Singapore and the region, profile the movers and shakers behind them and summarise corporate events in the world's
      220 words
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      Page 20 Advertisements Column 2
      230 20 NOTICE IN THK MATTKR OK TIIK COMPANIKK ACT, CAP. M AND DYNASTY INTKRIORS (S) PTKLTD (IN VOLI NTARY l.l«)l IDATION) NOTM'K OK KINAI. MKKTiNti Motlce Is hereby given pursuant to Section 308 of the Companies Act. Cap. 50 that a Final Meeting of the Members of the "'lovenamed Company wll.
      230 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices drift lower in absence of overseas leads
      4284 21 Bernama SHARK PRICES drifted all day to a lower close yesterday in listless trading as investors remained sidelined on the absence of fresh leads. The KI.SH Composite Index at the close dropped 2.86 points to 584.20 while the Industrials Index was 6.05
      Bernama  -  4,284 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      106 21 I NEWS TRAVELS 2^llBhfcJMBSk>, .^^^^t^Mßli^flßHllllllllllllllll^llllilßmlw^^llll^lillllilßillilllll^^l^lli^H ALL ADVERTISING MESSAGES are effective. To varying degrees. In Singapore, when you want to reach out to a select target audience in the transport industry. only one daily offers you the advantage of maximum reach at minimum costs. And that's Shipping Times. Everyday Shipping Times
      106 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Yen's strength gives stocks a modest boost
      2255 22 TOKYO STOCKS closcd moderately higher yesterday, cautiously optimistic over the yen's recent strength against the US dollar. Brokers said the caution prevailed due to doubts about direction of dollar/yen and interest rates and fears that Monday losses on arbitrage selling would be repeated.
      2,255 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng rides on a wave of strong buying
      2098 22 AFP SHARE PRICES rallied on strong buying sentiment yesterday in post-holiday trading on the Hongkong bourse with the Hang Seng Index gaining 44.02 points or 1.27 per cent to close at 3,789.99. Turnover also rose to HKSI.24 billion from Thursday's HKSI.23
      AFP  -  2,098 words
  • Page 22 Advertisements
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  • REGIONAL STOCK MARKETS
    • Sydney, NZ quiet; Seoul breaks 650 level
      • Article
        SYDNEY
        266 23 INVESTORS bailed out of the Adsteam group in an otherwise quiet day's trading, helping to push the Australian share market lower yesterday. "Other than Adsteam, absolutely nothing happened," a Pring Dean MeNall broker said. It was the first chance for investors to sell down their Adsteam stocks since the
        266 words
      • Article
        BANGKOK
        817 23 THAI STOCKS remained weak yesterday following Wall Street's overnight 32-point fall and the fact that Easter holiday makers had not yet fully returned to trading. The SET index closed 3.60 points lower at 853.58 with a turnover of 2,301.02 million baht. Bangkok Bank fell four baht to 363 while
        817 words
      • Article
        SEOUL
        755 23 SEOUL STOCKS plunged across the board in very thin trade yesterday, breaking the 650 level, as investors were sceptical about the immediate recovery of the market due to tight won liquidity. The composite stock index closed the day at 643.56, down 6.49 points from Monday's close. Turnover was extremely
        755 words
      • Article
        NEW ZEALAND
        179 23 NEW ZEALAND shares edged higher in quiet trade with late sales from last Thursday accounting for much of yesterday's turnover. "It was a combination of a weakening in the (Australian/New Zealand dollar) cross rate last week which helped form an arbitrage opportunity and create a premium to underpin
        179 words
      • Article
        JAKARTA
        618 23 JAKARTA stock prices cloed lower in fairly quiet trading yesterdar. Tight liquidity limited biying orders from Indonesian investors. The official index fell 2.99 points to 40U0. "There were only a few players ative on the market, mostly foreigners, lut a lack of fresh funds has put pressur on prices,"
        618 words
      • Article
        MANILA
        511 23 PHILIPPINE SHARES ;nded mixed yesterday on some profii-taking as investors took a breather 11 anticipation of a renewed rise after the narket hit its highest level in a year on Monday. The Manila Stock Exchinge composite index slipped 7.13 poiits to end at 1.110.77 against Monde's close of 1.117.90.
        511 words
      • Article
        TAIPEI
        466 23 THE Taiwanese stock index ended sharply lower on profit-taking and regis- tered the highest turnover since last Dec 7. Dealers said the correction would probably not last long. The weighted index fell 112.62 points, or 2.1 per cent, to finish at 5,185.30 compared with Monday's 5,297.92 close. Turnover was
        466 words
      • Article
        Untitled
        1246 23 (low Previous April 2 SYDNEY All Ordinaries Index 1.433.6 1.442.7 -9.1 All Industrials Index 2.216.4 2.231.0 -14.6 All Resources Index 834.5 839.5 -5.0 Turnover (million) 65.37 146.47 -81.1 BANGKOK SET Index 853.58 857.18 -3.60 I umover (million baht) 2.301 2,313 -12 JAKARTA Composite Index 404 10 407.09 -2.99 MANILA Composite
        1,246 words
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  • WORLD STOCK MARKETS
    • US stocks start new quarter shakily
      • Article, Illustration
        NEW YORK
        1291 24 W \l l STK ETs second quarter got off to a roc.y start yesterday, as pro-gram-sclling,profit-taking and weakness in several hi.h-tcchnology stocks sliced about one pc cent otT blue chips. However, the drop came during a post-holiday ull with most of Europe closed for Eater and many US
        1,291 words
      • Article, Illustration
        LONDON
        990 24 LONDON SHARES opened lower yesterday as market makers marked down prices at the start of the new account and after the long Easter holiday weekend. The FTSE 100 index opened 16.3 points lower at 2,440.2. Shares in International trader Inchcape rose 4p to 310 after it reported 1990 pre-tax
        990 words
      • Article
        BRUSSELS
        177 24 BELGIAN SHARES opened mixed yesterday with a lower bias after trading on the forward market was delayed by 20 minutes because of a breakdown in the CATS computer-assisted trading system. The biggest mover was retailer GIB, which added 1.2 per cent to 1,312 francs with 13,200 shares being traded.
        177 words
      • Article
        FRANKFURT
        249 24 GERMAN share prices yesterday finished a lacklustre post-holiday session on the first trading day of the second 1991 quarter just oflf the day's highs, with the 30-share DAX index ending up 15.82 points at 1,538.62. Firmer German bond prices and the mark's recovery from last week's 12month low triggered
        249 words
      • Article
        PARIS
        149 24 FRENCH share prices edged up in uneventful early trade as the Paris bourse slowly came back to life yesterday after the four-day Easter holiday. "It's one of those quiet days," commented a trader, noting that only 170 million francs' worth of shares had exchanged hands by 0815 GMT. The
        149 words
      • Article
        MILAN
        227 24 ITALIAN SHARES closed slightly higher in extremely thin trading yesterday, with many operators still absent on the first day after the long Easter weekend. Brokers said Fiat, chemicals group Montedison, and Pirelli all traded lower in a market where volumes were estimated to be lower than last Friday's lacklustre
        227 words
      • Article
        STOCKHOLM
        122 24 PRICES on the Stockholm bourse were mixed in slack early trade yesterday, with the general index 0.61 per cent weaker at 1,079.30 following overnight declines of almost one per cent on Wall Street. But they said it was hard to see any trend on the market as trade remained
        122 words
      • Article
        ZURICH
        289 24 SWISS SHARES traded marginally firmer at midsession yesterday. Dealers said the market was searching for new direction after the Easter holidays, with the easier US dollar dampening sentiment. Shares in Swiss aluminium and chemicals company Alusuisse-Lonza Holding AG were in demand on a newspaper report a German investor group
        289 words
      • Article
        AMSTERDAM
        321 24 DUTCH SHARES continued easier af- ter a computer malfunction halted trading in all shares for about 15 minutes in the first hour of trade yesterday. The lower US dollar and weaker London bourse weighed on prices. But turnover was modest. Dealers expected the bourse to remain quiet for the
        321 words
      • Article
        Untitled
        540 24 April I (low Previous NEW YORK Dow Jones 2.881.19 2,913 86 -32.67 NYSF Financial 147.79. 148 94 -1.15 SAP 500 371 30 375.22 -3.92 Turnover (million) 144 151 -7 LONDON Financial Times 30 1,953.9 FTSE 100 2,456.5 Turnover (million) 544.9 AMSTERDAM CBS Tendency Index 96.2 FRANKFURT DAX Index 1.538.62 1,522.80
        540 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Dollar narrows earlier losses to close easier
      885 25 REPORTS THE US currency ended a bit easier but well off the day's lows in Tokyo yesterday, after recouping earlier losses on aggressive selling led by Singapore participants. While corrective selling has lost some steam in Tokyo trading, many traders expect another wave
      885 words
    • Article
      Lock icon Soviets to pay market rates for hard currency expenses
      286 25 Reuter SOVIET citizens travelling abroad will have to pay market rates for hard currency they take for expenses, the Soviet state bank Gosbank announced. The move, reported by the official news agency Tass, means one US dollar will cost around 27
      Reuter  -  286 words
    • Article
      INTERBANK FOREX RATES
      406 25 Cross rates Apr 2 USS SS MS Dm Yen i Sir A$ N/S IJSS 1.7805 2.7690 I .<>605 138.85 0.5623 ***** 1.2903 1.6964 SS 0.5616 1.5552 0.9326 0.7798 0.3158 0.7967 0.7247 0.9527 MS 0.3611 64 30 0.5997 0.5014 0.2031 0 5123 0 4660 0.6126 l)iii 0.6022 1.0723
      406 words
    • Article
      MONEY MARKET
      572 25 Interbank rates S$ Bid Offer Overnight 4 3/8 4 1/2 1-month 4 7/16 4 9/16 2-month 4 1/2 4 5/8 3-month 4 5/8 4 3/4 Overnight mode: 4-3/8 USS Bid Offer 7 days 6 5/16 6 7/16 1 month 6 5/16 6 7/16 2 months 6 5/16 6
      572 words
    • Article
      Lock icon Argentina makes currency freely convertible to US$
      517 25 Reuter INFLATION-RAVAGED Argentina, striving to stabilise its economy and pull out of its worst-ever recession, made its austral currency freely convertible to the US dollar. A law approved by Congress last week forces the Argentine central bank to keep enough hard currency and
      Reuter  -  517 words
    • Article
      FINANCIAL FUTURES
      1194 25 SIMEX EURODOLLAR Open High IjO* Sett Est Vol Op/lnt Vol Jun 91 93.44 93.51 9149 93.49 4030 ***** 4498 Sep 91 93.21 93.22 93 20 93.20 2135 6094 1008 Dec 91 92.73 92.75 92.71 92.72 505 8677 63 Mar 92 92.55 92.56 92.51 92.52 96 4770 Jun 92
      1,194 words
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  • COMMODITIES
    • Article
      Lock icon Cominco awaits outcome of smelter test
      432 26 FT IN THE COURSE of the next two months, Cominco, the Vancouver-based metals and fertiliser producer, will have to face up to the full extent of its embarrassment over the lead smelter that did not work. At best, tests due to start this week
      FT  -  432 words
    • Article
      Lock icon Soviet corn purchase remains a mystery for traders
      269 26 Reuter RUMOURED Soviet purchases of 100,000 to 300.000 tonnes of US corn remained shrouded by uncertainty as grain traders and exporters tried to uncover details of the alleged transaction. But answers were not forthcoming, market sources said. "The Soviet Union has been
      Reuter  -  269 words
    • Article
      KL tin closes steady on renewed overseas buying
      849 26 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market closed steady at M$ 14.80 per kg on some renewed buying interest from overseas. Dealers said scattered buying interests were noted from European, Japanese and local buyers, which helped to support
      849 words
  • Article
    PRICES
    1539 26 Rubber P r 2 MS (Ml in bates) S ccnis/kg Nmm C I ill I KSS Prompt 1441*1/I4S OON 144 t*V 145.00N I hi I KSS M.i\ 'I I 147 110/147 SO I47JBN47.50 Inl I KSS Jun I4K 5«VI4>> ID) 14K. 541/149.00 Iii( 2 KSS 4)1' I4VS4VI45 54»N I4.V50/I4S
    1,539 words
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      1196 26 NOTICES US 33,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE 30TH MARCH 1993 Slhl STACO INTERNATIONAL FINANCE LIMITED A wholly ownad subsidiary of Bank Dagang Nagara In accordance with the provisions of the Certificates, notice is hereby given that: (a) Gulf International Bank B.S.C. will be replaced by
      1,196 words
    • Advertisement
      Page 26 Advertisements Column 2
      11 26 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1065 27 City Flight ETA Flight ETD Abu Dhabi GA895 1235 Adelaide QF8I 2000 QF82 2200 SQ227 2245 Amsterdam GA895 1235 KL832 2120 KL831 1410 SQ24 2200 Athens SQ35 1710 Auckland NZ21 1820 NZ22 1930 SQ388 2030 Bandar Sen BI421 1105 SQ182 0915 Begawan SQ181 1410 BI422 1205
    1,065 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Just follow the grassroad there
      676 27  -  POSTCARD FROM PAYSON PARK By John Crittenden NOT every blade of grass in south Florida is paved. But the advance of concrete is so widespread that a horse turned loose in downtown Miami would have to run in a straight line all day and night
      676 words
    • Article
      MONEY CHANGER RATES
      153 27 As at 3pm yesterday: Ixtcal dollars to one unit of foreign currency Currencies Bid OlVcr Australian dollar 1.375 1.395 Canadian dollar 1.527 1.547 NZ dollar 1.040 1.070 Sterling pound 3.131 3.151 US dt>llar 1.7800 1.7900 I xh'uI dollars to 100 units of foreign currency Austrian schilling 15.00
      153 words
    • TRAVEL SLICES
      • Article
        Two Grand Hyatts in Indonesia
        206 27 TWO Grand Hyatt hotels in Indonesia are opening this month. The "Grand" prefix, originally to define the second Hyatt in a city, is now used to indicate a higher standard Hyatt than those named Hyatt Regency or something simitar. The 450-room Grand Hyatt Jakarta had
        206 words
      • Article
        Stansted terminal completed
        41 27 THE new terminal at London's third main airport, Stansted, has been completed. About 60 km north of central London, it is used mainly for charter flights. At present there are no flights from Stansted to the Asia-Pacific region.
        41 words
      • Article
        Package offer in Beijing
        63 27 THE Beijing Airport Movenpick Radison hotel has introduced three-night packages for US$l74 (about SS3OS) dou-ble-occupancy. Package includes three nights/four days room, buffet breakfast, airport transfers, and minibus transport from the hotel into Beijing. Offer is valid until the end of the year. The 427-room hotel is
        63 words
      • Article
        Hilton Langham reopens
        103 27 LUXURY hotels are making a big comeback in London. Hard on the heels of the recent refurbishment at the Dorchester, the Hilton Langham reopened last month. The Langham was a famous luxury hotel in Victorian England, but the building has not been used as a hotel for
        103 words
      • Article
        Ramada summer packages in HK
        123 27 DISCOUNT summer packages have been launched by the two Ramada Inn hotels in Hongkong. Deluxe twin-rooms are being offered by Ramada Inn Hongkong at HKS699 (about SSISO) per night, and HKS769 (S$ 165) per night at Ramada Inn Kowloon. These prices are inclusive of service
        123 words
    • Article
      WORLD TRADE EXHIBITIONS
      104 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Tel A I I I r- IT A El lummiu A pnl International Utrecht. Koninklijke (31)*****91 W 17th Interna.wnal Centre Eundacion FJ (541)*****25 Packaging Netherlands Nederlandse 5 22 k Fa,r& Municipal de L.bro ExhZ.™ Jaarfceurs Exhibition Exposiciones. Buenos
      104 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      42 27 Bud, youH be a lot wiser when you leam about Finnair's Newark route. A superb twice-weekly service from Singapore direct to Helsinki and a daily connection non-stop to the Big Apple. Call *****77 for details. We know Kurope from start to Finnish.
      42 words
    • Advertisement
      Page 27 Advertisements Column 2
      114 27 FOR SUCCESSFUL MANAGEMENT OF YOUR I Stories on labour and its relationship with Ik I I IMI Bl management, management concepts in practice, WmjJr profiles of leading managers in Singapore and relevant book reviews. A I <k ENTERPRISE MANAGEMENT, in Business It CvA V Times every Monday, is must reading
      114 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      293 27 5 Physical exercise in a short jj H"" ■■""'"■B coat (6) I j 8 Used to be kept occupied jMI I 9 Pupil, about ten, goes after 10 Give information on a 12 I I I I I common plant (5) fcj—■■ 11 Pronouncedly fair device I I fitted to
      293 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      210 27 Singapore Outlook: Fair except for passing showers in the afternoon. Forecast Maximum temperature 32.3 Assoc humidity 61% Minimum temperature 24.0* C Assoc humidity 97% Hours of sunshine 8.55 Rainfall in mm 0.9 Rainfall this month 24.0 Rainy days this month 2 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 23/16 Fair Bangkok
      210 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      29 27 WeiRV ELCGftNT OOOTC: DR'NKirfG to'SON (neu c«ocke.rV O 1 *u., cup of gold unQuotc V I y ITS fue (jTH. A J JT" irS /***-> EVENING STANDARD CO LTO IM2-IMI
      29 words
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  • Article
    Property overhang set to linger
    483 28  -  But several factors give hope for cautious optimism, says consultant By Salil Tripathi SINGAPORE'S property glut is likely to continue until 1992 or 1993. But strong fundamentals and infrastructural development, uncertainty surrounding Hongkong's future and high economic growth in the Asia-Pacific region indicate a period
    483 words
  • Article
    Jones Lang Wootton scholarship
    288 28 PROPERTY consulting firm Jones Lang Wootton is inviting applications for its Travelling Scholarship for 1991 from today. The overseas award is being offered to Singaporeans for the first time. The scholarship an award not exceeding $22,500 is open to resident associates/fellows of the Royal Institution of
    288 words
  • Article, Illustration
    Maybe two candidates in 1993: Suharto
    418 28  -  By Yang Razali Kassim PRESIDENT SUHARTO of Indonesia says there could be two candidates running for the presidency in 1993 when his present term expires. In an interview with Time magazine, during which he evaded all questions about his own political future, the Indonesian
    418 words
  • Article
    Lock icon Saudi Arabia signals its unhappiness with six banks
    380 28 Reuter SAUDI ARABIA has asked domestic banks to think twice about dealing with six named foreign banks accused of treating them badly during the Gulf crisis, say Saudibased bankers. But they said the instructions, given verbally to the kingdom's 12 commercial banks
    Reuter  -  380 words
  • Article
    'Conglomerates don't threaten stability'
    370 28 PRESIDENT SUHARTO says that the growth of powerful conglomerates during his tenure of office will not threaten the stability of Indonesia. Dismissing domestic criticism against the rapid expansion of big business groups as a "resentment of a small minority", the Indonesian leader said the mushrooming of
    370 words
  • Article
    Lock icon Malaysia repeats protest against freight surcharge
    217 28 Bernama MALAYSIA has reiterated its protest against the Far Eastern Freight Conference's imposition of an additional freight surcharge on cargo exported from and imported to Penang and wants the FEFC to remove the surcharge and restore Penang's premier port status. Deputy Minister of International
    Bernama  -  217 words
  • Article, Illustration
    Dutch link in Growth Triangle welcome
    342 28  -  By Schutz Lee PRIME MINISTER Goh Chok Tong says Singapore welcomes Dutch participation in the Growth Triangle, given Amsterdam's historic links with this region, particularly the Riau Islands. The Malay Archipelago, which was once divided into Dutch Indonesia and British Malaya, "is now being
    342 words
  • Article
    Heavyweight in Japanese electronics sets up office
    316 28  -  By Claire Leow ROHM of Japan, a large manufacturer of electronic components with worldwide sales of US$l billion (551.76 billion) last year, has opened a sales office in Singapore. Rohm Electronics International (REI) will sell its products to South-east Asia, Australia and New
    316 words
  • Page 28 Advertisements
Page thumbnail Page 29
  • Shipping Times
    • Article
      Talks to link Vietnam to S'pore via IDD service
      404 29  -  By Selva Kumar VIETNAM may become the next International Direct Dialing (IDD) destination in Singapore Telecom's IDD network. And this will be a boost to Singapore-based businessmen who now have to put up with operator assisted telephone calls and the inconvenience
      404 words
    • Article
      Lock icon Mtel ties up with Singapore Telecom
      210 29 AFP MOBILE Telecommunications Technologies Corp on Monday announced in Jackson, Mississippi, that it had established a limited partnership with Singapore Telecom to expand its investment in American Mobile Satellite Corp (AMSC). Under the terms of the deal, Singapore Telecom will invest US$3O million and
      AFP  -  210 words
    • Article, Illustration
      JSA appointed new agent by Chilean carrier
      322 29  -  By Dexter Lee CHILEAN carricr Compania Sud Americana dc Vapores (CSAV) has replaced Segani with Jardine Shipping Ageneies (JSA) as its new shipping agent in Singapore. JSA is the liner ageney division of Jardine Shipping Services, whieh also provides shipbroking, freight forwarding and
      322 words
    • Article
      Lock icon TWA blames higher fuel costs for US$162m loss
      297 29 UPI TRANS WORLD Airlines Inc. citing higher jet fuel prices and reduced passenger traffic, on Monday reported a U*****.3 million operating loss for 1990 compared with an operating profit of U5524.3 million the year before. The troubled airline said in New York
      UPI  -  297 words
    • Article
      Lock icon Bolger determined to unearth truth about who controls Air New Zealand
      325 29 Reuter NLW ZEALAND Prime Minister Jim Bolger said yesterday that he was determined to uncover the truth about the privatisation of Air New Zealand after reports that Australia's Qantas controlled the national carrier. Transport Minister Rob Storey, who is
      Reuter  -  325 words
    • Article
      Faster clearance at Tanjong Pagar expected
      222 29 PORT USERS will soon enjoy even faster clearance at the Tanjong Pagar Terminal when the Port of Singapore Authority installs an automated container recognition j system later this year. Called CNRS. for Con- tainer Number Recognition System, the new equipment will verify electronically that
      222 words
    • Article, Illustration
      Fire breaks out on NOL container
      268 29  -  By Magdalene Phang FIRE broke out at a container bay on the deck of the 3,400-TEU vessel Neptune Ruby on Monday. The Neptune Orient Lines (NOL) container ship was about 300 nautical miles south-cast of Colombo when the lire started. The vessel was on
      268 words
    • NEWS SUMMARY
      • Article
        Regional airports with an international outlook
        63 29 CONGESTION at airports in Tokyo and Osaka is making it increasingly difficult for travellers to depart from Japan's two biggest metropolitan areas. As a result, a number of regional airports are showing keen interest in adding regular international flights to handle some of the
        63 words
      • Article
        Gambling cruises return to the Mississippi
        44 29 THE first of three mighty riverboats built or renovated to resemble the kind of 19thcentury craft Mark Twain once piloted has set out from Bettendorf, lowa, on its first gambling cruise with about 600 guests aboard Back Page
        44 words
      • Article
        Salvage work on sunken galleon yet to begin
        70 29 INDONESIAN salvage crews have yet to begin lifting items from the wreck of a 16th-cen-tury Portuguese galleon found in the Strait of Malacca. The ship, found 10 months ago oft" the coast of the Indonesian province of Aceh, is believed to contain
        70 words
      • Article
        Setback for US space programme
        52 29 A SECTION of a new rocket booster being developed by the United States Air Force exploded on Monday during a test firing. Analysts said the failure of the booster was a blow to US Air Force efforts to improve its ability to launch spy satellites
        52 words
    • LOG BOOK
      • Article
        Japan's new TV channel attracts subscribers
        121 30 i \l'\N Satellite Broadcasting (JSB), the first private satellite ic\ ision service in Japan, said on Monday that it began a as movie channel to compete directly with the two public :iIK satellite channels. The new channel has 220,000 subibcrs already. It hopes to
        121 words
      • Article
        Brazilian freighter released
        110 30 IU- first of several state-owned Brazilian freighters that •vie seized and detained overseas last year because of debt v»ilcd into Rio de Janeiro harbour on Sunday with a crew of 30. The ship, returning from Jacksonville, Florida, was one of at least seven belonging to the national
        110 words
      • Article
        Daewoo workers call off strike
        95 30 5 HOUSANDS of Daewoo shipyard workers went back to -oik yesterday, ending their week-long strike to protest •tU'.inst the arrest of union leaders. "We decided that it was no-win battle for us and so called it quits for now," a !;<>ur union member at Daewoo
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      • Article
        Cargo on Greek bulker moved
        80 30 M ARGES are shifting the cargo of the Greek bulker Frangis- v C K, which is aground at Mobile, Alabama, ahead of an attempt to re-float the vessel, Lloyds Shipping Intelligence Service said in London on Monday. The 37,611 dwt vessel an aground after a
        80 words
      • Article
        Mazda raises prices in the US
        92 30 MAZDA Motor Corp of America Inc said in Irvine, California, on Monday that it is increasing prices by an average >f 1.3 per cent, or US$l6B, on some of its 1991 cars and trucks sold in the United States. Prices on vehicles in \i>ting
        92 words
      • Article
        Cypriot freighter lost
        50 30 iilK Kos Island, a Cypriot freighter, was lost off Las i\ilmas after running aground on March 30, Lloyds Shipping Intelligence Service said in London on Monday. The >hip arrived at Las Palmas, in the Canary Islands, from < "onakry, Guinea, on March 23 with 1,000 tonnes of
        50 words
    • Article, Illustration
      Lock icon Regional airports go international
      1030 30 A number of regional Japanese airports are looking to add regular international flights to handle some of the 10 million or so Japanese who will go abroad this year. Japan Economic Journal WITH the war in the Gulf over and the threat of terrorism receding, Japanese
      Japan Economic Journal  -  1,030 words
    • Article
      TRANSPORT DIARY
      940 30 April 12-13: Seminar on Shipbroking and Chartering for Exports on Chartered Vessels Terms. Negotiation and Fixing. Organised by Facs World Ptc Ltd at Carlton Hotel. For further enquires call *****71 or fax: 292-2875. April 29-30: Seminar on International Trade Practice Commercial, Operations and Financial Aspects, organised by Facs
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    • Article
      THE SHIPPING GUIDE
      12644 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,644 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        656 45 Vnsd Voy No Barth Arrival Dcpartive Keppel Wharves Bayswaterll8 ****** K33 alongside 02 04 1100 Sunny Spanke 32 K34 alongside Ob 04/7300 Tampere 2106 C09 alongside 03 04/1300 Trade Fair 91/2 K30 alongside 04 04/0600 Irans Fjord 196A C10 alongside 02 04/1830 Xianghai 0365 K32 alongside 0204/1800
        656 words
      • Article
        CONTAINER SCHEDULE
        1274 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From ACX Daisy 11 05/0400 1 02/1500 07/1659 02/1900 3 03/0700 03/1159 03/1400 4 03/1200 03/1459 03/1/00 ACX lade 41A 03/1500 1 02/1500 02/1659 02/1900 Alia Bhum 4/8N 04/1445 3
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      • Article
        IN MALAYSIAN PORTS
        250 45 Penanf Port Berth in Butterworth on April 3: 1 Trade Friend; 2: Sri Arika. Pearl One; 3; Kay Wai; 4: ml; 5: Pelopor; 6: Gulf Bridge Perung Wharf N8 ml; CB: Kim Soon U SB ml. BCT: Bl: Abadi; BM Juno; l/B ml. VOTP: ml ft* on
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    • Article, Illustration
      Lock icon Gambling cruises return to the Mississippi River
      524 46 AP THE AGE of riverboat gambling, of ships with huge paddlewheels outside and shiny roulette wheels inside, returned to the Mississippi River on Monday. The first of three mighty riverboats built or renovated to resemble the kind of 19th-century craft Mark Twain once
      AP  -  524 words
    • Article
      Lock icon Oilspill clean-up continues in Puerto Rico
      269 46 UPI OIL CLEAN-UP operations continued on Monday on the north-east coast of Puerto Rico three weeks after an oil tanker sank in the east Caribbean. officials said in San Juan on Monday. "Today, we have better control of the situation," said Puerto Rican Secretary
      UPI  -  269 words
    • Article
      Lock icon US space programme set back by rocket booster explosion
      476 46 NYT A SECTION of a now rocket booster being developed by the United States Air Force exploded on Monday during a test firing at Edwards Air Force Base, dealing another setback to the nation's space programme, US Air Force officials and
      NYT  -  476 words
    • Article
      Lock icon Turkish Airlines strike hits air traffic, tourism
      203 46 Reuter A STRIKE by 10,500 Turkish Airlines (THY) and airport workers paralysed air traffic on Monday and hit Turkish tourism already reeling from the effects of the Ciulf War. "Even an enemy would not do this at a time when tourism activity, both
      Reuter  -  203 words
    • Article
      Lock icon Continental halts talks to sell assets
      354 46 UPI CONTINENTAL AIRLINES has dropped efforts to sell all or part of the airline to other carriers, the airline's president and chief executive officer said in a letter distributed to employees. "We have had some discussions with a couple of other airlines, hut we
      UPI  -  354 words
    • Article
      Lock icon Salvage work on sunken vessel yet to begin
      282 46 AFP INDONESIAN salvage crews have yet to begin lifting items from the wreck of a 16th-cen-tury Portuguese galleon found in the Strait of Malacca, said a top minister in Jakarta on Monday. Coordinating Minister for Politieal and Security Affairs Sudomo told the
      AFP  -  282 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      120 29 Although some limited amount of cost relevant to the tars is still being incurred, shipping lines (VIZ KAWASAKI KISEN KAISHA, MAERSK, MITSUI OSK, NIPPON LINER SYSTEM, NIPPON YUSEN KAISHA, ORIENT OVERSEAS CONTAINER LINES, P+O CONTAINERS, UNITED ARAB SHIPPING AND WILLINE) have decided to suspend application of Tars for shipment from
      120 words
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      Page 29 Advertisements Column 2
      155 29 I H UNITED I Em LEASING* aiMCM PTE UP Call Tel: *****13 (IS) Container Schedule 17 Index to Advertisers 3 Shtpp«* Glade 10.11 Ships m Port 17 Singapore Tides 17 Transport Diary 2 Weather and Sea Conditions 17 In view of recent further drop in Bunker oil prices, Shipping Lines
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      Page 30 Advertisements Column 1
      88 30 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
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      Page 30 Advertisements Column 2
      16 30 The Daily and Weekly Frights reports were not available bemuse of the Faster holiday* in I^ondon.
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      Page 31 Advertisements Column 1
      2440 31 JAROINE SHIPPING ACfNCIES %«1 IF# uo Cantonment Rujil #12 OS Southpouit. Sioupwe 0208 Ml If/ Tet *****11 TELEX NO RS 241/9 WHTf TESMINAI/cfs TH *****1s 220 PDOwa'l BOOKINGS Tel *****34 -258 L VAV PESAKA JAROINE SHIPPING AGENCIES HORT TEI *****18 TELEX NO MA*****/MA***** PENANG TEI *****4 TELEX NO MA4OO/3 CFS
      2,440 words
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      Page 31 Advertisements Column 2
      1251 31 INDEX TO ADVERTISERS Pige Col Page Col T I Lucky Seaway 15 3 1 Lykes Lines 5 I ABC Containerline 12 I Accord Group 8 1-3 M AFS 15 2 UXDC II 1 /"> Ahrenkiel Liner 16 3 8 Alfred C Toepfer 15 5 Mac-NelsAgenc.es 14 12 Allied-Link 16 4/5
      1,251 words
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      Page 31 Advertisements Column 3
      2474 31 Msammassm NEXT VESSEL TO U.S.A. MAGLEBY MAERSK V 9104 ETA 9/4/91 Vessel Voy EM ETD 'Port "f'enany DESTINATIONS Singapore Kelang Tht* wee* M«gU*t>* Mjrrs* 9104 Feeder by 9/4 osoo i<fts Farco BHH IMB HHBIHIiHHHBHHHHHpHpiiHHi crs S'4 ?359 MRS M lauro OAK LGB MOU MEM ATL MIA CHS BAI PHL NYC
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      Page 32 Advertisements Column 1
      1376 32 I j Irottedaml VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE HIBBF ELBE 04/113 4/4 25/4 23/4 22/4 BREMEN EXPRESS 02/313 9/4 26/4 28/4 1/5 2/5 LONDON EXPRESS 01/114 12/4 3/5 1/5 30/5 I. All NCSTKKIM) P. KITANO 07'314 16/4 3/5 5/5 8/5 KEIANG A PtNANC CAMO HAMBURG EXPRESS
      1,376 words
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      Page 32 Advertisements Column 2
      553 32 f M DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I ***** 3/4 16/4 19/4 24/4 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP CALIAO SAN (PfcRU) ANTONIO SEASPAC I 2003E 3/4 l/i 9/b 15/5 16'5 18/5 Agents .1«H.
      553 words
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      Page 32 Advertisements Column 3
      1569 32 BaniASIA &MMTS Hlltfi REGULAR IN DEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NOR ASIA SHARJAH 9105 3 09/04 28/04 29/04 03/05 04/05 05/05 06,05 07/05 08/05 NORASIA MUBARAK 9106 3 14/04 05/05 06/05 09/05
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      Page 33 Advertisements Column 1
      2202 33 Steamers Maritime Holdings Ltd v Pffi/f m STRAITS SHIPPING Simaon ta inwl last NMavsbL Containers llii ACCEPTS 001 SAILS Vov Mo Pen Plil S'pu<» Aig Sou Ail Ho# CARGO LtXA MAfRSK 91# 3003 01 04 0404 18 04 .'lO4 2?04 ,'4 04 mnu p«nn«t uim u PENiNSUIAR BAV 0510 3003
      2,202 words
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      Page 33 Advertisements Column 2
      2185 33 TO- U S A /PANAMA FM- U S.A./PANAMA OAK IGB cm roe sav no* ntc no* sav cm ice oak sp EUROPEAN SENATOR IF 111 M W W Ui l» I*s 714 JJJJ* !J9JJ C J* N A m JJ. 'V, .K 1 ,K J .fj CHOYANG GLORY Ef 114
      2,185 words
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      Page 33 Advertisements Column 3
      394 33 tm) f i fpffTgjy v//M z s lyiißWffTy ypiMlini I STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS ETA ETA VESSEL VOY SPORE PKL MEL ICIA 8 SM In Pt TRANS AUTO 27 4 4 COSMO ANGEL 2 5J4 SEA LARK 43 12/4 2UIJIN 1 14/4 CHAMPION TRADER 16
      394 words
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      Page 34 Advertisements Column 1
      702 34 *****11 CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSI.VOY ITPORE RDAMADAM HBURG BREMEN ANTWERP S«IWIJAYA,3IWB 11.4 13/5 19/5 25,5 28/5 KUTAI22WB 30/4 8.6 14/6 6/6 26/6 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISEO CARGO Sub|ect to Inducement Also accepting cargo to Casablanca. Port Said. Port Alexandria, Genoa. Trieste AISO ACCEPTING BOTH
      702 words
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      Page 34 Advertisements Column 2
      816 34 j& zjk HANJIN SHIPPING SoorclLEH RTM anr ham RRU FFI I fEEDER VSL SIN LINE HAUL LAX OAK HANJIN HAMBURG '4 V 4 714 '4 1 >4 4 1 >4 I HANJIN CHUNCI4U 0/HE 10 4 DIRECT W HANJIN KAOHSIUNG OOJW *****Vi27 4 27 4 «4 HANIIN LONGBEACH 033E 15/4
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      Page 34 Advertisements Column 3
      1402 34 y k d I rl -T3~3rTfc IPKI SGP HKG KSC KIG PUS HKT OSK NCr SM2 TYO LAX CMS BAI NYC IHV ANW ROM THP HBC PSD CM6 PKL SGP I E GRAND RE Oft 34 4 4 9 4 10.4 L 2/4 15 4 17)4 194 20,4 21,4 22,4
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      Page 35 Advertisements Column 1
      2144 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) ddForf BOOKINGS UK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INOIA/PAK SERVICE-*****18 FAR EAST SERVICE *****48 TERMINAL OFFICE -*****22 DOCUMENTATION DEPT: *****44/*****14 MpbgnM CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 SISS NEPUNE SDN BHD MALAYSIA K.L.-(03) *****33, P. Kelano-(03) *****87, Penang-<O4J
      2,144 words
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      Page 35 Advertisements Column 2
      1162 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 EASTBOUND LOADING FOR WESTBOUND VtSSCLS VOYAGf [SPQOt |M»h LA hhQnT" VOYAGt S>>OWt PKLANC HBURG B HAVtN TILBUHY
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      Page 36 Advertisements Column 1
      1600 36 K' 4 r"" VP AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No **********0 M) TEL *****77 TELEX KAWAKI R*****5 FAX *****79 M B\/ MALAYSIA »K" LINE MARITIME (MALAYSIA) SDN BHO I JHL BL A TEL pj 75W722PK *****01/5 PENANG *****5 JB *****1 mm KAWASAKI KISFN KAISHA, LTI). INDONESIA P T
      1,600 words
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      Page 36 Advertisements Column 2
      1257 36 \jm PHIII-OmCNT LIN€S PTC LTD 1, 108 ROBINSON ROAD (0/00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 -v BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION Sfflr toronto, 5 APR DUBAI. ONTAR, 14 APR JFDDAH
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      Page 37 Advertisements Column 1
      1643 37 PACIFIC INTERNATIONAL LINES (PTE) LTD *****55? M JV flhi PIL Building, 140 Cecil Street #03-00, Singapore 0106. JAKARTA I f BANGKOK" ZZ3 VESSEL VOY SIN JKT SIN 91M B 7V« VV4 BUNGA TERATAI 133 4/4 6/4 10/4 !1! 7,4 MEKHANIK KURAKO SSN 6/4 s" 13/4 INGENUITY 127N 6/4 9/4 13/4
      1,643 words
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      Page 37 Advertisements Column 2
      1353 37 BEN LINE CONTAINERS LTD 1 200 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 S HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK_ GERMANY SCAN SWEDEN Jutlandia* 086 3/4 25/4 26<'4 Arosta 098 9/4 2514 26/4
      1,353 words
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      Page 37 Advertisements Column 3
      464 37 ■■■■■■■■■■■ASffiEl MYANMA )NM* FIVE STAR LINE V\ (Myanmar National Line) Loading for Yangon (Rangoon) J Spore P.KIg Pen P.&lg PAGAN VI6BW In Pt AVA VIO7W 4/6 Apr g, W Apf MYOMAYWA VI34W 6,1 Apr Apr THE BANK LINE (A service of Andrew Weir Shipping) SEMI-CONTAINER SERVICE \1 HEAVY LIFT CAPABILITY
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      Page 40 Advertisements Column 1
      663 40 jfevmiujiiMMuiiih TO AUSTRALIA/NEW ZEALAND [~VSI [sin If'tm M«ib [s»d Auch [nPE |P CHALM MARTHA II M 7/i* *5 Wys Til "i*s ELLIN HUOIC 270 U/5 uii liji M 5 n~- W BRUSSEL m liii 9r» 14* »>* c vEROtMi in las 77* liii Hit 7H V TO USA/CANADA Singapore N
      663 words
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      Page 40 Advertisements Column 2
      1210 40 EXPORTS TO HONGKONG, TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE [OUTBOUND VOY PKL PNG JKT SIN HKC KAO KEE TYO SM2 NGO KOB VESSEL VOY |SIN |PKL PNG BL# SIN MX DAISY il 6 4 *30 3 54 12l 16~4 17.4 114 EQUATOR PRIDE 858 4 4 5.4 6
      1,210 words
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      Page 40 Advertisements Column 3
      175 40 P.T. UNITED SHIPPING IoF ORGANISATION LTD 4 Om»:CTHEGULMtSFINICtt X JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA A SURABAYA Accept cargaca U all atb«r lad«Mtlu pmrta with truuklfatal Jakarta ar taralqra. DESTINATION ETA ETD VSL JAKARTA 7/4 8/4 P SUMATERA 9/4 10/4 P JAWA 19/4 20/4 P KALIMANTAN 23/4 24/4 P
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      Page 40 Advertisements Column 4
      1353 40 Mfe i S CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE TCI 2!??n«,4,p 2. MISTRI ROAD, HMC BUILDING #15 00, SINGAPORE 0207 r.ABIF CMTARUNt CR NO: **********0 M CABLE COSTARLINt General Agents: OOSTAR SHIPPING PTE LTD TO HONGKONG AND CHMA FROM HONO KONQ AND CMMA VESSEL VOY HKG SUA XIW
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      Page 41 Advertisements Column 1
      974 41 Vessel PHI PNG P G Loading for A VESSEL 28,03 RoH«d*n,Antwerp CHINA fUI COWTAPfM »E»VICE Vessel scp pkl bkk hkc qin sha YANGFANGKOU 147 02/04 03 04 Q/04 12/0# 11/04 YANGFANGKOU 149 03% 0405 080b 13/05 l»/05 Also accepting other c Nmese ports via HKG AUtTKAUAW/ INPOWMIAN TOLL COWTAIWM BEBVICE
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      Page 41 Advertisements Column 2
      261 41 SS RICHFIELD MARINE AGENCIES (S) PTE LTD Si TEL: *****33 (12 Lines) m FAX: *****15/*****03 fTI TELEX: RS ***** RISHIP (3 Lines) tT\ ETHIOPIAN SHIPPING LINES y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL V€SS€l IvOY ETA lOA DING FOR SPORE *BBAY WO HZ ,»BWB 15/05 OARESSALAAM MOMBASA DJIBOUTI
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      Page 41 Advertisements Column 3
      728 41 TSrSnSSrSSi. P. T. PUL INTERNATIONAL LINE FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA I THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****&5 SINGAPORE INDONESIA SERVICE "VSL VOY SIN JKT
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      Page 41 Advertisements Column 4
      439 41 VWCL VOV »W«t YD »l VESSEL VOY SIMCAPOftE tANCKOK I PLANET A 0447 OSOt/4 U -20/4 27 2*l* NANTA BHUM 3SN Thuf 4/4 Sun 7/4 PIYA BHUM ~~05Q3 14 I*4 212%* 01 03/S JENLINK 49M Thur *14 Sur 7/4 PLANET A m »-WS *4»/S SIRI BHUM# 479N Sun 7/4 »«d
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      Page 41 Advertisements Column 5
      459 41 TWUKji V»L m tWWK/MAPHM/SWAPQIIE VKStL VOY SIN NAASIN I TICM STAR IS4N Ot-Ot/M 12 14W »20W I LEUVI M 43 11-11*4 II 20AM 25-2*04 I TIGER MY ISSN 151 MM 22 2404 30-30/04 I V«- VOY WNQAPOWE7CAICUTTA/3XQAPORE vesscl vor sln ~~Z f TIGEB CREEK 12CCNB OS-OSW U 1310* 1,19/04 Tin
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      Page 42 Advertisements Column 1
      1288 42 MAC-NELS SINGAPORE export m. *****22 11 IMPORT TEI: *****02 PENANG TEL: (04) *****6 KK TEL (088) *****01TAWAU TEL (089) 7786/9 r—T—l p KELANG TEL (03) *****77 KUCHING TEL (082) *****3 IsKAN TEL (089) *****2 I -l\~/\" J BAHRU TEL (07)*****2 SIBU TEL (084 *****2ISAHIKEI TEL (084)*****8 JAKARTA TEL (21)*****32 MEDAN
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      Page 42 Advertisements Column 2
      406 42 ■|HH| IfZW BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISKI) MONTHLY SAILINGS DISCHARGING AT NEW PLYMOI'TH A PORT CHALMERS AC C KITING FCI. LC'L FOR AUCKLAND. NAI'IKR. WELLINGTON. BLUFF. CHRISTCHURCIL DUNF.DIN. LYTTEI.TON. INVERC ARGIL. FIJI ANI) TAHITI SIN N Pt¥ AUCK LVT PREMIER US 6 Apr
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      Page 42 Advertisements Column 3
      816 42 /Z£l 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 WOT [ETA IOEIT VESSEL I VtT ETA KIT KIM SOON LI 12/91E 06 APR PENANG
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      Page 42 Advertisements Column 4
      321 42 r INTRODUCING OUR NEW CONSOL TO KOPER (YUGOSLAVIA) RELIABLE SERVICE AT COMPETITIVE RATES!!! ALSO CONSOLS TO: BANGKOK CALCUTTA WEE K L Y EUROPEAN PORTS SERVICE HONG KONG (AND CHINA) JAKARTA AUCKLAND N COLOMBO (AND INDIAN 3 SUB-CONTINENT) SAILINGS DUBAI (AND MIDDLE PER MONTH EASTERN PORTS) PORT LOUIS AND DURBAN./ CALL
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      Page 43 Advertisements Column 1
      910 43 COMPANIA PERUANA TOOL DE VAPORES "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 KAMALEVERETT 06 08 Apr 09(11 Apr 14(16 Apr THOMASEVERETT 16/18 Apr 19/21 Apr KARABIEVERETT 10/12 May
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      Page 43 Advertisements Column 2
      531 43 rYsi [VOY Is PORt IMAINLINtH [LAX |KST ISAV |WYC [WIFX ZIM OSAKA l/l /IN UVORNO 4,5 115 15/S 1/5 11i5 /IN ROPER 14E 13 4 /IN ITALY 15,5 M/S ilii 1%5 31 5 /IN TRIESTE IM€ 114 /IN ITAIY 15,5 »/5 77/S »i 31,5 /IN ALEXANDRIA 66E K4 /IN HAIFA
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      Page 43 Advertisements Column 3
      779 43 Msing kwang hang TRANSPORTATION (PTC) LTD WEEKLY LCL/FCL SERVICE [VESSEL Is PORE TJAKARTA [SURABAYA MEKHANIK KURAKO V 55N 4/4 //4 NENWEL V l/ON 10/4 113/4 VESSEL SPORE BANGKOK A VESSEL 3/4 6/4 A VESSEL 7/4 10/4 DESTINATIONS ETA SINGAPORE PORT KELANG 5 APR MANILA 7 APR HONG KONG. ALL CHINA
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      Page 43 Advertisements Column 4
      598 43 15 PERINTIS LINE I if Bifiiiinmnin r i in I aWHUIIIHimBHWWWWHIBnp ACCEPTING ALL KCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PHASE TIA 159 A 04/04 0/04 JATIDIHI 9?6 06/04 09/10 PHASE TIA 161 A 11/04 14/04 JATIDIHI 927 13/04 16/04 TANTO UTAMA 153 04/04 07/04 TANTO
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      Page 43 Advertisements Column 5
      412 43 UN FAN EAST 7/4 KEELUNG/KAOHSIUNG 7/4 BANGKOK 6/4 MANILA/CEBU 6 4 JAKARTA/BELAWAN/SURABAYA 6 4 PORT KELANG/PENANG/E. Malaysia 6/4 BUSAN 7 4 TOKYO/YOKO/KOBE/NGO/OSA 2/4 HONG KONG SIN CNINA wwwj vninM 2/4 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DAUAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SjN EUROPE/UK 6/4 LDN/FLX/LVP/SOU 6/4 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/
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      Page 44 Advertisements Column 1
      673 44 Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) CONTAINER FEEDER SERVICE P T ANGKUTAN PERTAMBANGAN SERVICE VESSEL VOY SPORE JAKARTA SURABAYA TAKARI IV 4074 OS APR 08 APR TAKARI I 1692 08 APR 10 APR TAKARI IV 40/6 11 APR U APR TAKARI I 1694 IS APR 17
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      Page 44 Advertisements Column 2
      976 44 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE PIRAEUS NAPLES GENOA MERSIN TRIESTE ISTANBUL ILYICHEVSK BA V 05CW91 5/4/91 22/4/91 23/4/91 24/4/91 AN V 04-91W 13/4/91 29/4/91 2/5/91 6/5/91 7/5/91 KVU VO6CW9I 13/4/91 1/5/91 2/5/91 3/5/91 Y M V 05-91W 23/4/91 10/5/91 15/5/91 19/5/91 20/5/91 BM T VO7CW9I 23/4/91 12/5/91
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      Page 44 Advertisements Column 3
      1088 44 CLUI coniunv mTEßmoonfo 1 LCL/FCL SERVICE FROM HI HI CLUI op«ratM ovar 600 torminais/officM in UJSJL I II jflßt m CUJ! maintain* ovar 35.000 tractor* t truck*. V II IKmL, M CUM Mrvtt ovar 60,000 points in USA IJ| raOlj jHIHa mam off«r rdiaNa LCI/FCL «arvlce». General Agent* 77&WS-L/A//C— Af/)
      1,088 words
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      Page 45 Advertisements Column 1
      833 45 more frequent flights worldwide NEW ZEALAND FIJI «SS£L Jkt fK| -fe» Ikk SM Stall AicklMl Ft|i|A| N Pl|»»iilk|A| Tiuri L(TMn|l| Oin«i|l| Kifter »*m*ftii|Cl IMW|I N Rochester 9107 6 4 7 4 8 4 8 4 9 4 12,4 26 4 3/5 28 4 30 4 1/5 1 5 2 5
      833 words
  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      329 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 *****400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 2.8 3.0 2.8 25 19 1.3 08 05 03 04 0 7 13 20 23 25 24
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      Page 46 Advertisements Column 1
      375 46 CHARTPOINT Every Saturday in Business Times /HYUNDAI MERCHANT MARINE CO- LTD- EASTBOUND TO USA Tf WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VQY LBH OAK SEA HKC SIN LALANDIA 39E 6/4 U/4 29(4 2/5 4/5 3/5~ HYUNDAI COMMANDER 23W 5/3 8/3 9/3 28/3
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      Page 46 Advertisements Column 2
      583 46 CHARTPOINT Every Saturday in Business Times EXPORT TO: UK/CONTINENT (TRIO) Acceotinj Cargo Mimtu'i lo Coprroufcn Aarhtis Gothenburg Malmo S PORE S TON H SURG S HAVEN R OAM LEH Helsinki. Stockholm ELBE 04 113 II 25 4 214 72,4 Rotterdam to Antwerp Amsterdam Olio. Helsinki BREMEN EXPRESS 02 313 7
      583 words