The Business Times, 2 May 1991

Microfilm: NL17494
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Thursday, May 2, 1991 75*
    10 words
  • NEWS SUMMARY
    • Article
      Citibank, First Chicago cut prime rate by half-point
      54 1 TWO major US banks Citibank and First Chicago announced yesterday that they were reducing their prime rate by a half point to 8.5 per cent. The action came a day after the Federal Reserve reduced its discount rate by half a point
      54 words
    • Article
      Taipei says still at war with Beijing
      54 1 MILITARY authorities extended martial law on Taiwan-ese-held islands near the coast of China yesterday, and a senior government official said Taipei still considered itself at war with Beijing. President Lee Teng-hui took a step towards reconciliation with China on Tuesday by rescinding the
      54 words
    • Article
      Shimizu on the prowl
      35 1 SHIMIZU CORP, which boasts stakes in projects in Singapore that could add up to more than $150 million, is scouting around for more ventures locally and in the region Page 2
      35 words
    • Article
      US factory orders fall
      23 1 ORDERS for factory goods in the US fell 2.8 per cent in March, the fifth straight decline Page 7
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    • Article
      Mixed fortunes for UK
      34 1 THE CONFEDERATION of British Industry says the downturn in manufacturing output may be levelling, but that its latest survey shows the country's recession is more severe than expected Page 7
      34 words
    • Article
      US delays funding
      37 1 WASHINGTON has temporarily blocked new funding for the World Bank affiliate that helps promote the private sector until it is convinced the lending agency plans to set aside greater aid for privatisation Page 9
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    • Article
      Efforts gone wrong
      27 1 EDUCATIONAL services was one of the new industries heavily promoted by the Australian government, but its efforts seem to have gone astray Page 11
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    • Article
      Return of Gucci
      27 1 FROM out of the ashes of family feuds and financial scandal, the Gucci trademark is being given a new lease of life Page 15
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    • Article
      New Cosco service
      28 1 STATE-OWNED China Ocean Shipping Company (Cosco) has started a fortnightly container service between Singapore and Australia despite the recession Down Under. Shipping Times Page 1
      28 words
  • MARKETS SUMMARY
    • Article
      Dow higher
      38 1 WALL STREET gained ground early yesterday, aided by declining interest rates and hopeful signs on the economic outlook. The Dow Jones average of 30 industrials rose 13.12 points to 2,900.99 in the first hour of trading.
      38 words
    • Article
      Footsie lower
      34 1 SHARES in London were slightly lower at midday yesterday, amid a lack of direction. At about 1100 GMT, the FTSE 100-Share Index was down 4.4 points, or 0.2 per cent, at 2,481.8.
      34 words
    • Article
      Genting buys property
      32 1 GENTING Berhad has acquired its third property in Sydney's central business district in 12 months, bringing its total purchases to more than Ass 7 million (5578.7 million) Page 3
      32 words
    • Article
      Savings for Promet
      30 1 PROMET BHD's proposed conversion of debt into equity will result in interest savings of about MS7.B million (555.07 million) a year, says its chief executive Page 3
      30 words
    • Article
      Lien Hoe profit
      49 1 LIEN HOE Corporation Bhd has forecast a pre-tax profit of M$ 10.537 million (556.76 million) for the year ending Dec 31, 1991, after the completion of a proposed acquisition of landed property, proposed rights issue and proposed issue of redeemable convertible unsecured loan stocks Page 3
      49 words
    • Article
      Suit against BHP
      41 1 PALMER Tube Mills has filed a As3o million (5541.4 million) damages broadside at Australia's biggest company, BHP, and its 49.5 per cent associate, Tubemakers of Australia Ltd, alleging the two companies have abused their market power Page 4
      41 words
    • Article
      Market holidays
      24 1 FINANCIAL markets in Singapore, Malaysia, Austria, Belgium, France, Germany (Frankfurt), Italy, Norway, the Philippines, Thailand, Sweden, and South Africa were closed yesterday.
      24 words
    • Article, Illustration
      STOCK INDICES
      22 1 Wednesday Change Tokyo 26,489.00 +377.75 Hongkong 3,631.23 +42.87 Sydney 1,531.31 -3.0 Tuesday Change New York 2,887.87 +10.89 London 2.486.22 -12.0
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    • Article
      COMMODITIES
      7 1 London Gold AM fix US$356.25 +USS2.80
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  • Article, Illustration
    New issues and cash calls are in the offing
    437 1  -  Companies cash in on a more buoyant market mood By Magdalene Ng INVESTORS, brokers, and bankers will be kept busy in May and June by a flood of new listings and cash calls. Companies rushing to take advantage of the improved
    437 words
  • Article, Illustration
    CSA primes itself for the market
    424 1  -  By Claire Leow INVESTORS may soon have a chance to subscribe to the shares of a company that counts the OCBC Bank and IBM Singapore among its substantial shareholders. Computer Systems Advisers (CSA) reaches two milestones this year it will turn 21, and its
    424 words
  • Article
    CMC president in town for talks with FELS
    283 1  -  By Magdalene Ng AN OFFICIAL of Capital Maritime Corporation (CMC), the US company involved in a US$656 million lawsuit with Far East Levingston Shipbuilding (FELS), is in town for talks with the local rig-builder. An FELS spokeswoman confirmed that CMC president John
    283 words
  • Article
    Lock icon Tokyo and Bonn not cutting rates
    158 1 Reuter THE United States sought to set an example for its major trading partners by cutting a key interest rate on Tuesday, but Japan and Germany immediately said they would not be swayed into casing credit prematurely. "I don't sec any reason why Japan
    Reuter  -  158 words
  • Article, Illustration
    PM Goh backs unions' stand on employer CPF
    439 1  -  From Alvin Tay in BRUNEI PRIME MINISTER Goh Chok Tong yesterday gave union leaders and workers something to cheer about on Labour Day when he declared his support for them in their firm stand against employers for opposing the one-point increase in
    439 words
  • Article
    Lock icon US economic forecasting gauge rose in March
    98 1 AP THE US GOVERNMENT'S chief economic forecasting gauge rose 0.5 per cent in March, its second consecutive monthly advance. The February advance had ended a string of six losses stretching back to July, when the index was flat and the current recession started,
    AP  -  98 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      232 1 uroerry V LFJFSEJ^ lijl. 'V. i'i^V «r Reigns when it pours Ad Marketing 12 Co News 3,4 For market indices, editorial. Aircraft Schedule 21 Money Changer Rates 21 advertising and circulation exCommodities 20 Money Market 20 tensions, call Business Times Cryptic Crossword 21 Regional News 6 Information Service on Editorial
      232 words
    • Advertisement
      Page 1 Advertisements Column 2
      57 1 Economists expect Fed rate cut to boost economy, Pg 7 Editorial, Pg 10 Did you get yesterday's issue of BT? IF YOU ARK A BT SUBSCRIBER and you did not receive yesterday's issue, please call our Customer Services Department on 740-1839. We are monitoring the efficiency of our circulation and
      57 words
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      Page 1 Advertisements Column 3
      163 1 TOTAL TRANSPORTATION SERVICES CROWN tfc PACIFIC 36 Pioneer Road Singapore 2262 Fax 862 2840 Tlx RS ***** CRWNPAC Tel: 861 6818 YMMWMWWMWWM Union leaders' May Day speeches, Pg 2 What do Manchurian Hasima and Beijing Roast Duck have in common? is that for this limitedpeHtjd both these superb speciality dishes
      163 words
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  • HOME NEWS
    • Article, Illustration
      NTUC presents labour award to Lee
      335 2 Senior Minister cited for contributions to the S'pore worker LABOUR LEADER Ong Teng Cheong yesterday singled out Senior Minister Lee Kuan Yew as the one man whose sacrifice and tireless efforts had helped to bring a better life for Singapore workers. Speaking at the
      335 words
    • Article
      Shimizu seeks to enhance presence in Republic, the region
      392 2  -  ty Elaine Koh SHIMIZU CORP, which boasts stakes in projects in Singapore that could add up to more than 150 million, is scouting around for more ventures locally and in the region. One of Japan's Big Five construction groups, Shimizu Corp
      392 words
    • Article
      AIA buys, restores three Neil Rd shophouses
      229 2 INSURANCE GROUP American International Assurance has increased its stakes in property by another $12 million by acquiring and restoring three shophouse units in Neil Road. The three units, to be ready for occupation at end--1992, will house its sales team, said a spokesman.
      229 words
    • Article, Illustration
      Lock icon Pawnbrokers' loans and redemptions hit record
      438 2  -  By Jean Wee FOR the first time, the pawnbroking business has breached the $700 million mark for both loans and redemptions. Last year, Singapore's 60 or so pawnbrokers granted $717.4 million in loans and received, with interest, $701.5 million back. This is nearly 6
      Source: Registry of Pawrtroken  -  438 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      100 2 m Every Pp exciting refinement equipment and finish. x 'V; "r^ 11 mtfrPeuqeot's new top of the range luxury saloon Bp _^r^3 the man behind his passengers. Peugeot 605 H was made precisely for that ultimate purpose. Models available in Singapore: 605 SRi 2L and 605 SV3 V 6. ADVANCE
      100 words
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  • COMPANY NEWS 1
    • Article
      Genting continues property buying spree in Sydney
      371 3  -  From Florence Chong in SYDNEY GFNTING Berhad has acquired its third property in Sydney's central business district in 12 months, bringing its total purchases to more than Ass 7 million. Genting went on its shopping spree after disposing of its half share in
      371 words
    • Article
      Lock icon KFC (M) planning to have 100 outlets by year-end
      339 3 NST KFC HOLDINGS (Malaysia) plans to open 18 more Kentucky Fried Chicken outlets throughout the country, to increase its total number of outlets to 100 by the end of this year. This move is in line with the company's objective of
      NST  -  339 words
    • Article, Illustration
      Why RHB looks set to achieve record profits in the current year
      756 3  -  MARKET TALK By William Chia RIDING on the back of Malaysia's booming securities industry, financial services group Rashid Hussain Bhd looks set to turn in record earnings for the year ending May 29, 1991. Analysts have forecast that
      756 words
    • Article, Illustration
      Lock icon Debt conversion will save Promet M$ 7m annually
      479 3 Bernama PROMET BHD's proposed conversion of debt into equity will result in interest savings of about Ms7.B million (555.07 million) per annum, its chief executive and managing director Datuk Brian Chang said. In a circular to shareholders pertaining to the proposal dated
      Bernama  -  479 words
    • Article
      Lock icon Lien Hoe forecasts M$ 10.5 m profit after completing schemes
      278 3 Bernama LIEN HOE Corporation Bhd has forecast a pre-tax profit of M$ 10.537 million (556.76 million) for the year ending Dec 31, 1991 after the completion of a proposed acquisition of landed property, proposed rights issue and proposed issue of
      Bernama  -  278 words
    • COMPANY BRIBES
      • Article
        German chemical firms to post lower earnings
        75 3 FIRST quarter pre-tax earnings at Germany's three main chemical firms are forecast down 14 to 18 per cent and analysts say they could stay under pressure through mid-year due to sluggish growth and weak selling prices. Recession in many key countries, a soft
        75 words
      • Article
        Natural gas find in Kalimantan
        75 3 TOTAL INDONESIE, a.unit of Total Compagnie Francaise des Petroles, has discovered natural gas from one of its operations in east Kalimantan, the state oil firm Pertamina said Tuesday. Total is the operator of the Mahakam Block under a production sharing contract with Pertamina with a
        75 words
      • Article
        UK food retailer's profit set to rise
        74 3 BRITAIN'S largest food retailing discount chain Kwik Save Group pic is expected to show rising profitability despite the UK recession. Half-year profits to end-February are set to rise around 20 per cent to £47-47.5 million (S$ 141-142.5 million). However, analysts warned profits growth
        74 words
      • Article
        No change seen in Philips sales
        81 3 NV PHILIPS Gloeilampenfabrieken says it stands by its earlier forecast that sales this year would be roughly the same as in 1990. Sales last year totalled 55.76 billion guilders. "In the light of considerable economic uncertainties in a number of major countries, we should
        81 words
      • Article
        Coca-Cola investing in Hungary
        73 3 COCA-COLA Amatil of Australia signed a joint-venture agreement with the Budapest Liqueur Company on Tuesday to develop and produce Coca-Cola products in Hungary. Initial capital of the new venture, called Coca-Cola Amatil Budapest, is Asls million (5520.7 million) but Mr Peter Griffiths, European executive director of
        73 words
      • Article
        US urged to invest in E Europe
        81 3 DAIMLER-BENZ AG chairman, Mr Edzard Reuter, urged US companies on Tuesday to invest in eastern Europe. He said the states of the former Warsaw Pact must be woven into the fabric of the world economy as tightly as all industrial nations of the
        81 words
      • Article
        CRA extends share offer date
        76 3 CRA LTD said it has extended the closing date for acceptances of its A 57.85 a share bid for Coal and Allied Industries Ltd by one week. "It has been decided to extend the offer in order to provide shareholders adequate time to consider CRA's
        76 words
    • Article
      Australian company files suit against BHP and associate
      595 4 Competitor seeks A$ 30m in damages under Trade Practices Act PALMER Tube Mills has filed a As3o million (5541.4 million) damages broadside at Australia's biggest company, BHP, and its 49.5 per cent associate, Tubemakers of Australia Ltd alleging the two companies have
      595 words
    • Article, Illustration
      Lock icon San Miguel asking court to drop ruling on safeguards for assets
      345 4 Reuter SAN MIGUEL Corp has asked the Philippine Supreme Court to reconsider a ruling which called for extra safeguards in the disbursement of funds, saying they were unnecessary. The safeguards formed part of a court ruling on April 16
      Reuter  -  345 words
    • Article, Illustration
      Lock icon Maxwell counting on 14 million readers in £245 m flotation
      529 4 Reuter BRITISH publisher Robert Maxwell on Tuesday announced details of a partial stock market flotation of Mirror Group Newspapers which valued the whole company at just over £500 million (Ssl.s billion). Share analysts said he was pinning his main hopes
      Reuter  -  529 words
    • Article
      Stanley Ho's Bond Corp Int'l loses HK$ l34m
      291 4 A HEAVY debt burden, losses on share investments and a provision for its property investment in Rome forced Bond Corp International (BCIL) into the red for the second half of last year, the South China Morning Post reported. The company has reported
      291 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      292 3 Secure Your Share Of A Growing Automation Market! The 2nd Asia-Pacific Industrial Automation Exhibition Conference The 2nd presentation of machinery and automated systems for industrial application in Asian manufacturing and production facilities. 20 23 May 1992 World Trade Centre* Singapore The current dynamic over 151 specialist companindustrial expansion in S.E.
      292 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      327 4 See Singapore and have r a gourmet lunch for $28.00++. Only on Saturdays. Reserve the best seat at Singapore's highest by the window and "^£2^:§. restaurant. Fashion take in the magni- ip Show every Jicent view. It's the Saturday from perfect complement rH 1.30 pm to to a gourmet lunch
      327 words
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  • FINANCIAL NEWS
    • Article, Illustration
      Citibank's consumer business head sees potential in Asia
      571 5  -  By Salil Tripathi AS THE consumer revolution unfolds in Asia, Citibank has a new man heading its vast consumer business division, one of the top earners For the bank in a year which has not been very good for the bank in
      571 words
    • Article
      Lock icon BHL Bank confident of stronger growth
      320 5 Bernama MALAYSIA'S BHL Bank Bhd is confident of performing well and making good use 6f all available opportunities to further improve the group's financial performance this year, chairman Datuk Goh Eng Toon says. Datuk Goh, who was appointed chairman in September 1990, said in
      Bernama  -  320 words
    • Article
      Lock icon Oriental Bank's profit rises sharply
      282 5 Bemama ORIENTAL BANK Bhd posted a 438.6 per cent increase in its pre-tax profit to M 57.54 million for the financial year ended Dec 31, 1990 from Msl.4 million the previous year. The bank, which is being restructured, benefited from lower provisions for bad and
      Bemama  -  282 words
    • SMALL CHANGE
      • Article
        Bank Bumiputra raises its lending rate
        82 5 BANK Bumiputra, one of Malaysia's leading banks, on Monday raised its base lending rate by 0.5 percentage point to 7.75 per cent, effective May 1, its executive director Jaafar Ahmad said. "We have been very reluctant to raise our rates as we know the
        82 words
      • Article
        Borrowers scrutinised more
        74 5 JAPANESE banks are increasing their scrutiny of potential borrowers as tight credit conditions sour loans they made in the easy-money 1980s. "We are not turning away new customers, just taking a harder look at credit lines and interest rates," said a senior credit management official at a
        74 words
      • Article
        Chairman charged with fraud
        75 5 BANKING and finance group Wallace Smith Trust Ltd's chairman Wallace Duncan Smith has been arrested and charged with fraudulent trading, a spokesman for the City of London police said. He told Reuters that Smith was to appear in court on Tuesday on charges of "intent to
        75 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      56 5 *J^fK^^Pyt^SSSm/j^^^^^^^Kgm^^ a »«r-« LACOSTE rrw Another premier line fmm PARIS LACOSTE BOUTIQUE Wisma Atria #02-35 Tel: *****96 Centrepoint #02-08 Tel: *****00 Forum Galleria #01-39 Tel: *****07 xiij mr- uaiiu LACOSTE CORNER Shangrila Hotel Level 1 Unit 107 Tel: *****18 Galeries Lafayette Level 1 Tel: *****77 Metro Marina Level 1 Tel:
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    • Advertisement
      Page 5 Advertisements Column 2
      15 5 Lufthansa nonstop to Frankfurt, Europe, the World. 6 times every week. Lufthansa Reservations 737 9222
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  • THE REGION
    • NOTE BOOK
      • Article
        Seoul financing highway in W Sumatra
        90 6 SOUTH KOREA'S Economic Development Cooperation J und is financing the construction of a US$l4 million (5524.7 million) highway in West Sumatra. Embassy spokesman Kim Voon-ha said on Tuesday that construction of the 22-km road would start today with ceremonies attended by Radinal Mochtar, Indonesia's
        90 words
      • Article
        Indonesian oil refinery
        54 6 JAPAN Gas Corp and Foster Wheeler of Britain will build Indonesia's first export-oriented oil refinery in West Java, a Japanese company official said on Tuesday. Contracts for the construction of the US$l.9 billion refinery were signed in April last year between the two foreign companies and Indonesia's
        54 words
      • Article
        Japan to remove apple ban
        64 6 JAPAN will remove longstanding barriers to the import of New Zealand apples as soon as technical details can be worked out, Japanese Agriculture Minister Motoji Kondo said in Wellington yesterday. Fears over the introduction to Japan of the codlin moth had prevented New Zealand from
        64 words
      • Article
        Aquino rejects wage demands
        54 6 THOUSANDS of Filipinos marched from various points in Manila yesterday to press calls for wage increases, but President Corazon Aquino rejected the demand and instead approved assistance to worker amelioration projects. At the Philippine International Convention Center, she unveiled a 9.2 billion peso ($582 million) package
        54 words
    • Article, Illustration
      Lock icon M'sian-Aussie trade on the rise in the past two years
      341 6 Bernama TRADE between Malaysia and Australia has been increasing in the past two years and Malaysia is now an important export market for Australia's products, International Trade and Industry Minister Datuk Seri Rafidah Aziz said on Tuesday. Bilateral trade grew
      Bernama  -  341 words
    • Article
      Lock icon Rafidah: US working against East Asian forum
      204 6 AP THE US is trying to persuade Asian countries, including Japan, not to join a proposed East Asian economic grouping, Malaysia's trade minister was quoted as saying on Tuesday. The newspaper The Star quoted International Trade and Industry Minister Datuk Seri Rafidah Aziz
      AP  -  204 words
    • Article
      Lock icon KL plans to set up palm oil storage depot in Venezuela
      280 6 Bernama MALAYSIA plans to set up a palm oil storage depot and refinery in Venezuela which will act as a central base to launch the commodity into j the Latin American market. The depot was among sevI eral areas
      Bernama  -  280 words
    • Article
      Lock icon M'sian construction growth expected to peak in 1994
      260 6 Bernama THE CONSTRUCTION sector in Malaysia is likely to continue its steady growth and peak in 1994 buoyed by an expected government fiscal expansion to overcome current capacity constraints, an economist predicted on Tuesday. Puan Fatimah Kari, senior economist at SJ Securities
      Bernama  -  260 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      345 6 AUSTRIA I STYLE '92 SINGAPORE May 15th 17th, 1991 2.00 p.m. 6.30 p.m. ANA Hotel Singapore Fabrics Garments Accessories For the twelfth consecutive year, leading designers and manufacturers from Austria will present the latest fashion materials and accessories to buyers and agents in South East Asia Please indicate the companies
      345 words
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      Page 6 Advertisements Column 2
      679 6 iXj 30 &31 May Jakarta Hilton Hotel 3 4 June The Hyatt Regency Singapore I Latest government policy initiatives Christopher Bruton I Incentives for foreign investors Managing Director Investing in the New Economic Zone Dataconsult I Setting up operations in Vietnam I Penetrating the local market Marshall I Negotiating joint
      679 words
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      Page 6 Advertisements Column 3
      225 6 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, L Soon Puay Keow of No. 1 Jalan Limau Mams, Singapore 1646, have applied for a Public bouse, second class licence in respect of premises at M/s Spring Court Restaurant Pie Ltd at 488 Upper East Coast Road, Singapore 1646, and that
      225 words
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      Page 6 Advertisements Column 4
      320 6 IN THE MATTER Of JPj THE COMPANIES ACT, CHAPTER 50 AND <*■ IN THE MATTER OF TABRA INVESTMENTS PTE LTlj£'! (IN MEMBERS VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting the members of Tabra Investments Pte Ltd convened jß*' and held on the 29th of Apnl, 1991
      320 words
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  • THE WORLD 1
    • Article, Illustration
      Lock icon Economists expect Fed rate cut to boost US economy
      445 7 Bush administration welcomes move Reuter THE US Federal Reserve's cut in its key discount rate will lift consumer confidence and help put the recessionmired American economy on the road to recovery, say economists in the US. "If I thought before (the
      Reuter  -  445 words
    • Article
      Lock icon Problems for Soviet loan guarantees
      206 7 NYT IT IS growing harder for Washington to guarantee bank loans to Moscow for the purchase of US grain, say American congressional and government trade experts. But they feel further guarantees remain likely, besides the USssl billion (551.77 billion) allocated in the first three months
      NYT  -  206 words
    • Article
      Lock icon US factory goods orders fell in March
      391 7 AP ORDERS for factory goods fell 2.8 per cent in March, the fifth straight decline, the government said Tuesday in a report showing widespread weakness persisting in the industrial sector of the US economy. Mr Laurence H Meyer, head of a St Louis
      AP  -  391 words
    • Article
      Lock icon Russia and Baltic states setting up banking system
      349 7 FT THE RUSSIAN Federation is setting up an alternative banking system with the Baltic republics in an attempt to replace the edict of the Soviet central bank. Georgy Matyukhin, the chairman of the Russian central bank, said in an interview with the
      FT  -  349 words
    • Article
      Lock icon UK recession may have hit bottom, survey shows
      346 7 AP THE Confederation of British Industry said on Tuesday that the downturn in manufacturing output may be levelling, but that its latest survey shows the nation's recession was more severe than expected. The CBI, which represents major British industries, said that fewer
      AP  -  346 words
    • Article, Illustration
      Lock icon W Bank unit's funding delayed
      426 9 US wants commitment on greater aid for privatisation Reuter THE US has temporarily blocked new funding for the World Bank affiliate that helps promote the private sector until it is convinced that the lending agency plans to set aside greater aid for privatisation. In standing
      Reuter  -  426 words
    • Article
      Lock icon EC gets Tokyo warning on dumping duties
      226 9 FT JAPANESE companies could reduce their investments in the European Community, if the European Commission imposes definitive antidumping duties on imports of audio cassettes, Tokyo warned on Tuesday. Japan reserved its right to seek redress from the General Agreement on Tariffs and Trade,
      FT  -  226 words
    • WORLD WATCH
      • Article
        Bush blocks export of satellite parts to China
        98 9 US PRESIDENT GEORGE BUSH has refused to approve the export of American satellite parts to China to protest against Beijing's efforts to sell weapons of mass destruction to regions of instability. A statement from White House spokesman Marlin Fitzwater on Tuesday said
        98 words
      • Article
        Bush to pledge help for workers
        89 9 US PRESIDENT GEORGE BUSH, seeking a free hand in trade negotiations with Mexico, will assure the American Congress that he will hold separate talks on environmental protection and help US workers hurt by a free-trade pact, say White House officials. Speaking in Washington on
        89 words
      • Article
        Pakistan to seek aid at meeting
        61 9 PAKISTAN, needing support for economic reforms, will seek US$2.3B billion (554.21 billion) from an aid consortium meeting in Paris later this week. Government officials in Islamabad said on Tuesday that the amount would be part of the U552.76 billion in foreign aid that Pakistan
        61 words
      • Article
        EC regrets American threats
        60 9 THE EUROPEAN COMMUNITY said on Tuesday that it regretted new threats of unilateral trade sanctions made by Washington last week. The US cited the EC and individual countries for trade practices which it regards as threatening its interests in copyright, broadcasting, electrical engineering and telecommunications. Under
        60 words
    • Article
      Lock icon Tokyo rejects proposals for debt forgiveness
      313 9 AFP JAPAN has rejected appeals for major debt forgiveness by the industrialised nations, insisting again that the best alternative to resolving some debt problems is to extend repayment schedules. In Washington on Tuesday, Japanese Finance Minister Ryutaro Hashimoto told a meeting of the World
      AFP  -  313 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      133 7 Editorial, Pg 10 Centrally located in the city is 5,000 square feet of a luxuriously furnished watch retail outlet. Known to be the largest single watch boutique in Singapore, Thong hiap believes in the quality and consistency of high customer service. No one offers better service than we do because
      133 words
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      Page 7 Advertisements Column 2
      15 7 Lufthansa nonstop to Frankfurt, Europe, the World. 6 times every week. Lufthansa Reservations 737 9222
      15 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      124 8 Grou| Hftt fl v S I Is 1 BB |j B I »i V s BSK&Sp^^rU »7JIW-II•Tal• 11»7JI®7#*«J• N#»Vk T J*Y*\4ffWsw*2sT^tfJiß 'v>.. illi r»j«B sLwJ^B»jll k\yi ■*kt*y^!bl■ P/«i ft* n»ff if T *wa I*l *11 T^^^B k &f fcyLPKLAIfc Ai* l ?ir: *S L* > .J i.*J S wfcfcn■■Mrtiflr^r^ II
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      107 9 If you are a confident millionaire, you can avoid reading this ad as well as the book. Pass it on to an aspiring millionaire. stax* ,cH Thebesteetter- |k SS^ 5 The most sought-after speaker Fred J. Young, a self-made millionaire shares his success formula with any aspiring millionaire. Staying rich
      107 words
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      Page 9 Advertisements Column 2
      268 9 What Travels Farther Than The grid's Longest Ball? The World's Longest Ball Improved Introducing" the new Ultra AR432 ball. the air longer, so it travels farther up the fairway Now here .n Singapore. Wilson's new Ultra AR432 700 B olfers P rovcd ,hc ,hcor y rl ht Under The world
      268 words
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  • Article
    Everyone's best interest
    489 10 EDITORIAL SO THE US failed to get the Group of Seven major industrial nations to lower interest rates. Ironically, it may have reason to be thankful for that, though right now it clearly does not tljink so. America is in recession, and that colours all considerations. The
    489 words
  • WHAT THE OTHERS SAY
    • Article
      An unbeatable partnership
      218 10 EMPLOYERS, workers and investors who have long taken good labour relations for granted had a glimpse of an alternative, grimmer scenario recently when the NTUC secretary-general raised the prospect of workers refusing to be as co-operative as they were in 1986 should there be another recession here.
      218 words
    • Article
      Critical change
      152 10 AFTER three decades, the trade union movement is entering a new phase. It has to study and act swiftly on the impact of not only the Growth Triangle, but Singapore's move towards developed nation status. Singapore's rapid growth and high standard of living have led many workers to
      152 words
    • Article
      No alternative
      124 10 AS THEY are unable to obtain much outside assistance, the Kurds in Iraq seem to have no other way out of their present plight but to make peace with the Baghdad regime which they distrust. The Kurdish leaders are being realistic and practical. It is believed that the
      124 words
  • REGIONAL VIEWPOINTS
    • Article
      Proliferation by default
      113 10 IT IS not surprising that associations representing taxi and samlor drivers have made attempts in the past to get the competition off the roads. Yet despite the proliferation of motorcycle taxis in recent years, taxi fares four wheelers, three-wheelers and two-wheelers alike have all continued to rise.
      113 words
    • Article
      The quality of life in HK
      223 10 WITHOUT THE powers of enforcement, all the laws in the world will do nothing to deter those illegal dumpers currently polluting Hongkong by land and sea. It is bad enough that some businesses are cynical enough to calculate the penalties of getting caught and
      223 words
    • Article
      Economic woes
      139 10 G-7 MEETINGS are generally viewed with trepidation by developing countries because the top industrialised nations adopt strategies and coordinate policies that affect the world economy. In many instances, these measures do little good to the developing economies and in the main have only adverse effects on them. That
      139 words
  • Article, Illustration
    Solidarity of the Indochinese three
    1436 10  -  Harish Mehta reports on the special ties between Vietnam, Cambodia and Laos Harish Mehta VIETNAM'S leaders need to exorcise their phobia that security compulsions force them to retain a hold over Cambodia and Laos which are virtually Hanoi's crown jewels. Certainly, the two crown jewels
    1,436 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      56 10 DOONESBURY BY GARRY TRUDEAU SOHHAI aJRm WZUM-KJUW AfZAIP U£-R£ GOHS HOU ABOUT NOT UNLaee HAPPCNB>? WEU&T Pj 100,000 IRAQIS. BUTME ID HAVE TO JUSTTCUGH PARADES? VOL) MAM WHAT HAP- CONTROL Jk 6QNTROUEP THE MEPtA, SO IT OUT fiT LEAST UNTIL COULD TOCALLUP PERFECT UT- j rrsA BACK. ON OUR SIDE.
      56 words
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  • ANALYSIS
    • Article
      Lock icon Globex: Like launching an electronic space shuttle
      1161 11  -  The world's largest computerised system in around-the-world, around-the-clock financial futures trading has yet to become a reality. Tim Race reports Tim Race IHT ORIGINALLY, the launch date was set for mid-1989. Then it was to be the end of 1990. And now? Later
      IHT  -  1,161 words
    • Article, Illustration
      Hard lessons Down Under
      1465 11  -  Educational services was one of the new industries heavily promoted by the Australian government. But its efforts seem to have gone astray, reports BT's Sydney Correspondent Florence Chong Florence Chong THE AUSTRALIAN government is shelling out some As 62 million (5585.75 million) for damage control and
      1,465 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      207 11 I__ MCROCASSCTTE "R€CORO€R Pearlcorder 59 BO The new Pearlcorder 5930 from Olympus is the world's first microcassette recorder equipped with an Auto date/time memory. By pressing the Date button, the current time and date of the recording is automatically recorded onto the tape itself. The Date/Time function memorizes the date
      207 words
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  • ADVERTISING & MARKETING
    • Article
      COPY LINES
      169 12 KARL MALDEN, who had starred in commercials for American Express travellers cheques for 18 years, was the subject of a 30-second retrospective spot that the company was scheduled to launch yesterday. The commercial, which celebrates the 100 th anniversary of the company's travellers cheques, features clips from Maiden's
      169 words
    • Article, Illustration
      Reebok's chosen track to success
      449 12  -  Samuel Ee learns more about the shoemaker's marketing thrusts Samuel Ee WITH 1992 and a single European market looming, Reebok has been acquiring wholly-owned subsidiaries on the Continent. But the footwear giant's agents in Asia will remain just that agents. In an exclusive interview with
      449 words
    • Article
      Cheque out what the banks are offering
      651 12  -  Corinne Kerk finds out what banks are using to spice up the current-savings account marriage Corinne Kerk CONSUMERS these days are not easily satisfied with the usual packages that the banks offer. With increasing customer sophistication, more banks are now offering financial packages
      651 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      344 12 5 f yl g _>SffiSß*. '■< GO FOR ISPO 91. IN ASIA. K& th,s event The Third International Trade Show for Sports Im m ,s end rsed by i SUJST 0 6 Equipment and Fashion has proved to be on board >pment indispensable marketing instrument for the Asia Pacific region.
      344 words
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      Page 12 Advertisements Column 2
      27 12 HENDERSON INDUSTRIAL PARK TERRACE FACTORY W jfVi WW nil n W j in I (£)nlp 2, Units £left HONG FOK REALTY PTE. LTD. Fax: *****37 Tel: *****55
      27 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      690 13 Frequent travellers know that SAS saves time Our Euro Class meal service features Scandito Copenhagen. But today., more navian complimented by a choice travellers are discovering a whole world of i f carefully selected wines. If you would like to SAS advantages beyond our Copenhagen hub. J eat before your
      690 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      192 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT
      192 words
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      Page 14 Advertisements Column 2
      325 14 DIAN XIN TEMPTATIONS Continuing the parade of culinary gems incomparable Ruyi offers a fine selection of Dtan Xin. From our creative A la Carte menu, treat yourself to all the Dian Xin you can enjoy for $16.80+ per person. Open daily from 11:30 am 2:3opm for lunch, and 6:3opm 10:30pm
      325 words
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      Page 14 Advertisements Column 3
      256 14 UJUa^j Sp i c*j WC/ iavovsy **4 ofC*C T S.E.A. Buffet. May 1 15 Discover the tantalising tastes of our neighbours great cuisine Tuck into a lavish spread of over 20 tempting varieties. Adult: $16 Child: $10 \lmu liianges regular!} Cafe Plaza ."•■■Ml 1 j This Premier Restaurant of fersthe
      256 words
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      Page 14 Advertisements Column 4
      214 14 Hviva espana J|j |HS The Belvedere brings you the savoury taste of E v«ry S«birday of liar Buff* IC hiwk avn| AN EXTRA VALUE ADDED TO YOUR MEAL. FDR NOTHING. f *>Turama c Thtaa t i T Ml From March 18 to May 31, we will be giving away x
      214 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      631 14 TELEVISION AND RADIO fVIO n/>A M AO ...J. «SM2» SSSNSW-. I BUSINESS ON RADIO rremna inc stents ess. h M rin man wh °se wife's political as- 7.30 The Frurtties. 7.10 am, 9.25 am, 1.30pm, S S nnr piratrons have thrust them g.oo Nm(M). 5.30pm, 3.25 am: Financial News Mfcl'llliM
      631 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon High fashion label comes down to earth
      710 15  -  From out of the ashes of family feuds and financial scandal, the Gucci trademark is being given a new lease of life. Suzy Menkes reports Suzy Menkes IHT GUCCI is the mother and father of status symbol fashion. The horse bit shoe buckles
      IHT  -  710 words
    • Article
      Lock icon When a star becomes obese
      413 15  -  Astronomers across the globe have their eyes on a rather large heavenly body called Eta Carinae. Wilson da Silva tells why Wilson da Silva Reuter IF THE strange star of Eta Carinae blows up, as astronomers befieve it will, its explosion will light up the
      Reuter  -  413 words
    • Article
      Disney can do two Muppet shows
      414 15 CHATTERBOX WALT Disney Co will be able to proceed with plans for two attractions featuring the Muppets as part of a settlement with Henson Associates, which owns the rights to the Muppets. Under terms of the settlement announced on Tuesday by the sides, Disney
      414 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      232 15 AND ENTERTAIN Super long Happy Hours at The Fountain Lounge means enjoying a 40% discount from 11.00 am to 8.00 pm plus snacks such as Spring Rolls or Samosas or Canapes or Meatballs or Jk ANA HOTEL %~K JS SINCAPORE Items changed daily. "CMS There's Nothing Set About Our Set
      232 words
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      Page 15 Advertisements Column 2
      97 15 I M- MWA m mmfi ■U' NISHIKI Y-v RESTAURANT FROM 21 MAR TO 21 MAY \j Set amidst boughs of cheny blossoms is where A you can enjoy authentic Springtime delicacies Skillfully prepared for this delightful season are grilled lobster, salmon roe, ginko U nuts, arkshell and rare treats of
      97 words
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      Page 15 Advertisements Column 3
      407 15 BUSINESS TIME S TELEPHONE: 730-3771/5772/3773 PAX: 734-4J12 IN THE MATTER OF THE COMPANIES ACT CAP 50 PURSUANT TO SECTION 290 (2)(b) AND IN THE MATTER OF BMA TRADING PTE LTD (MEMBERS VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the above named Company duly convened and held at 6001
      407 words
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      Page 15 Advertisements Column 4
      405 15 IN THE MATTER OF THE COMPANIES ACT CAP 50 PURSUANT TO SECTION 290 (2)(b) AND IN THE MATTER OF TAI HUP HENG COMPANY (PRIVATE) LIMITED (MEMBERS VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road. #12-01 4 12-11
      405 words
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  • SPORTS
    • Article
      Lock icon Wimbledon prize money up spc
      319 16 AP WIMBLEDON officials have announced a 5 per cent increase in prize money for this year's tournament but have rejected demands for equal pay for men and women. Total prize money for the June 24-July 7 event will be £4 million (Ssl2 million). The figure
      AP  -  319 words
    • Article
      Lock icon Luck changes for injured and winless Pernfors
      220 16 AP MIKAEL PERNFORS of Sweden, plagued by injuries and winless on the ATP tour since the Australian Open last year, upset fifth-seeded David Pate 6-3, 6-2 on Tuesday in the first round of the USTA men's clay court tournament in Tampa, Florida. No.
      AP  -  220 words
    • Article, Illustration
      Lock icon Little trouble for Agassi in first round
      197 16 AP TOP SEED and defending champion Andre Agassi defeated Scott Davis 6-2, 6-3 in the opening round of the US$2BO,OOO (*****.600) AT&T Challenge in Roswell, Georgia, on Tuesday. Ranked fifth in the world, Agassi had little trouble in the 68-minute match with Davis,
      AP  -  197 words
    • Article
      Lock icon World yacht races serving as dry run for America's Cup
      338 16 UPI AFTER SPENDING millions of dollars on the first generation of a speedy new racing yacht, teams vying for the 1992 America's Cup will see how far they have to go when the International America's Cup World Championships begin this
      UPI  -  338 words
    • SIDE LINES
      • Article
        Close shave for Chinese badminton team
        84 16 CHINA, one of badminton's superpowers, flirted with disaster on Tuesday on the opening day of the Sudirman Cup, a mixed team event in Copenhagen being contested ahead of next week's world championships. The Chinese trailed 2-1 to Sweden following the surprise defeat of world
        84 words
      • Article
        Graf wins in 23 minutes flat
        79 16 STEFFI GRAF breezed to a two-set victory, defeating fellow German Marketa Kochta 6-1. 6-3 in just 58 minutes on Tuesday. Graf, ranked No. 2 in the world behind YugoslavMonica Seles, needed just 23 minutes to win the first set against 16-year-old Kochta in a
        79 words
      • Article
        Mauri keeps Tour of Spain lead
        90 16 MELCHOR MAURI of Spain kept the overall lead in the Tour of Spain cycling race on Tuesday while his team won the time trial, the eight-man ONCE team completed the 40-km course in Badajoz in 50 minutes. 27 seconds with an average speed of
        90 words
      • Article
        White claims semi-final berth
        102 16 JIMMY WHITE stormed into the semi-finals with a 13-3 win over fellow Englishman Gar\ Wilkinson to move a vital step closer to his avowed aim of winning the world snooker championships in Sheffield on Tuesday. Although Wilkinson won the 15th frame, world No. 4 White finished
        102 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      275 16 When a power seat is really your seat of power. It is a matter of common observation that in the What about those already in the boardroom but who office hierarchy, the more important the position, still have to tread carefully? Well, they may prefer the better the chair to
      275 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks rise broadly on hopes of rate cut
      2216 17 Reuter TOKYO STOCKS ended firmer yesterday after a cut in the US discount rate raised hopes that the Bank of Japan will follow suit. Share prices rose across the board, although brokers said volume remained low in between two long weekends. A
      Reuter  -  2,216 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Index gains 42 points but trading remains cautious
      1987 17 Reuter HONGKONG'S Hang Seng Index inched steadily higher yesterday in uninspired trade to end the day 42.87 points higher at 3,631.23, underpinned by expectations of a local interest rate cut following the discount rate cut in the US. "Buying is cautious and
      Reuter  -  1,987 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      43 17 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Tele rate Find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. la
      43 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks recover in afternoon trade
      • Article
        AUSTRALIA
        787 18 AUSTRALIAN stocks rebounded off their lows in afternoon trade after local buyers re-entered the market. The All Ordinaries Index finished the day down just 3.0 points at 1,531.3. "There were a few people frightened by (Tuesday's) plunge which caused some tail-end selling in the morning, but by the afternoon
        787 words
      • Article
        JAKARTA
        674 18 Jakarta stock prices closed mixed yesterday and brokers said the market was active in selective buying. Volume rose to 6.34 million shares from Tuesday's 5.58 million and the index eased 0.34 points to 413.37. "The market is directionless. People were active only in certain shares," one broker said. "'The
        674 words
      • Article
        Untitled
        1065 18 Bangkok Apr 30 Baht VoKW) AJ Plast 158 2.00 724 Alucon American Standa Aokom Thai 33 1.00 279 Asia Credit 142 4.00 3670 Asia Fiber 100 226 Asia Hotel Asia Sec Trad 65 1.50 6701 Ayudhya Ins 311 8.00 351 Ayudhya Invest 125 -2.00 1069 Ayudhya Life Assur 323 8.00
        1,065 words
      • Article
        TAIPEI
        438 18 THE Taiwan stock index closed lower in volatile trade yesterday as investors searched for a market trend, dealers said. The Weighted Index ended 71.11 points or 1.2 per cent lower at 5,850.18 compared with Tuesday's 5,921.29 close. Turnover rose to a heavy NTS9I.B billion (555.9 billion) from NT564.5 billion.
        438 words
      • Article
        WELLINGTON
        286 18 IN WELLINGTON, progress in Carter Holt Harvey's debt reduction programme helped take the New Zealand share market higher on reasonable volume yesterday. The Barclays Index ended 8.20 points higher at 1,476.06 but Wall Street's uninspiring rise led to profit-tak-ing in Australia, which in turn took local stocks off their
        286 words
      • Article
        SEOUL
        810 18 Seoul shares closed lower in light trade yesterday, dealers said. The market opened weakly on profit taking but the financial and chemical sectors gained after Yukong Ltd announced that it had struck oil in Egypt. The Composite Stock Index closed at 644.39, down 1.22 points from Tuesday's close. Turnover
        810 words
      • Article
        Lock icon BOMBAY
        163 18 Reuter HEAVY selling, triggered by political uncertainties, brought shares sharply down for the second day on the Bombay Stock Exchange on Tuesday, brokers said. The BSE Index fell 32.35 points, or 2.55 per cent, to 1,235.11. "The market was rattled by the probability of a hung parliament," said broker
        Reuter  -  163 words
      • Article
        INDICES & TURNOVER
        84 18 INDICES TURNOVER Close May 1 Previous SYDNEY Ail Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1.531.3 2,383.1 881.2 88 55 1,534.3 2.381.2 887.2 100.41 -3.0 1.9 -6.0 -11.86 BANGKOK SET Index Turnover (million baht) Closed Closed 876.01 4.610 JAKARTA Composite Index 413.37 413.71 -0.34 MANILA Composite Index
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      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        359 18 In load currency In S$ In US$ Apr 30 day year day year day year Index change change change change change change World 409.2 0.2 14.3 0.1 11.8 1.0 9.9 tEAFE 537.9 -0.2 14.4 0.5 9.6 1.3 7.8 Europe 425.4 -0.7 16.7 0.6 4.4 1.4
        359 words
  • Page 18 Advertisements
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  • WORLD STOCK MARKETS
    • Wall St unexcited by cut in discount rate
      • Article, Illustration
        NEW YORK
        1450 19 AFTER STOCK traders waited a month for the Federal Reserve to lower interest rates, the Fed finally came through with a surprise cut on Tuesday, but New York stock prices did not respond much. The Dow Jones Industrial Average edged 10.89 points higher, to 2,887.87, while the Standard
        1,450 words
      • Article, Illustration
        LONDON
        742 19 SHARES ended lower on London's Stock Exchange on Tuesday, but were lifted above their lowest levels by a surprise cut in the US discount rate. But British stock dealers said poor liquidity kept share prices in negative territory. The Financial Times-Stock Exchange 100-share index was down 12 points, or
        742 words
      • Article
        AMSTERDAM
        232 19 DUTCH SHARES lingered at easier levels in slow midday trading yesterday as the market lacked incentives from the outside with most European markets closed for May day, dealers said. They added the Dutch share market held relatively steady in view of the strong decline of the dollar. "But some
        232 words
      • Article
        Untitled
        125 19 Brussels Apr 30 Francs FORWARD MARKET Acec 2620 10 Arhcd 4190 -55 Astur 1110 12 Rrascan 582 10 C'anpac 640 f 619 Cock 163 3 lie Beers 804 6 Ebcs 1334 (ib-lnno-Bm 1314 14 (icvacrt 7350 50 Gr Bru lamb 3775 55 Hobok Pclro ***** -125 Ryl Dutch 2905 10
        125 words
      • Article
        FRANKFURT
        309 19 GERMAN share prices closed an unanimated session easier on Tuesday ahead of yesterday's one-day public holiday with dealers expecting a continuation of apathy amid a string of near-term market holidays in Japan and Europe. "There was no selling pressure. We mainly moved parallel to New York," said one trader,
        309 words
      • Article
        ZURICH
        277 19 SWISS SHARES closed below overnight levels on Tuesday despite a late rally in line with a strong surge in Wall Street after the Federal Reserve cut the discount rate. The all-share SPI index closed at 1,073.7, down 5.1 points from Monday, after touching a low of 1,068,1. The blue
        277 words
      • Article
        MILAN
        162 19 ITALIAN SHARES closed slightly firmer on Tuesday, with shares in Carlo De Benedetti's companies climbing following the signature of an agreement that has ended the 16-month battle for publisher Mondadori. Brokers said the weak performance of overseas markets and worries about Italy's ability to reduce its budget defi- cit
        162 words
      • Article
        PARIS
        210 19 FRENCH SHARES ended lower on Tuesday, largely shrugging off a cut in the US discount rate, as the bourse wound down ahead of yesterday's May Day holiday, traders said. Traders said the US decision to cut the discount rate half a point to 5.5 per cent had little impact
        210 words
      • Article
        JOHANNESBURG
        392 19 THE JOHANNESBURG stock market firmed slightly on Tuesday afternoon as some modest interest late in the day helped lift prices after an indifferent morning session, dealers said. Otherwise trading was subdued and volumes generally thin ahead of yesterday's Workers Day holiday, they said. Gold shares led the trend. The
        392 words
      • Article
        TORONTO
        425 19 TORONTO STOCKS recovered slightly on Tuesday from midday losses after the Dow jumped in late trading following a drop in the Fed funds target rate, dealers said. Investors covered shorts and took profits after an early spike following a drop in the US discount rate, they added. The Composite
        425 words
      • Article
        INDICES & TURNOVER
        83 19 INDICES TURNOVER NEW YORK Close Previous April 30 Dow Jones NYSE Financial SAP 500 Turnover (million) 2,887.87 150.57 375.35 2049 2,876.98 +10.89 150 45 0.12 373.66 +169 150.00 54.9 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,953.7 2.486.2 411.6 1,960.6 2.498.2 366 1 -6.9 -12.0 45.5 AMSTERDAM CBS Tendency
        83 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      70 19 Markets in Belgium, France, Germany (Frankfurt), Italy and South Africa were closed yesterday You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer
      70 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback ends sharply lower against mark in Tokyo
      1046 20 REPORTS AStA Tokyo: The dollar ended more than 11/2 pfennigs lower in hectic Tokyo trade yesterday, with the mark in the spotlight after Tuesday's US discount rate cut, dealers said. "After the US rate cut, people now expect Japan to follow suit
      1,046 words
    • Article
      INTERBANK FOREX RATES
      388 20 Cross rates Apr 30 USS SS M$ Dm Yen SFr AS NZS USS 1.7730 2.7585 1.7545 137.35 0.5905 1.4740 1.2791 1.7065 S$ 0.5640 1.5558 0 9896 0.7747 0.3330 0.8314 0.7214 0.9625 MS 0.3625 64.27 0.6360 0.4979 0.2141 0.5343 0.4637 0.6186 Dm 0.5700 1.0105 1.5722 78.28 0.3366 0.8401
      388 words
    • Article
      Quotation of Singapore Government Stocks as at April 30, 1991
      337 20 Maturity Year raised Coupon rat* pa) Amount <Sm> Interest payment dates Number of days of accrued Interest Indicative middle price (excluding accrued Interest) Gross redemption yield P«) 15.7.91 Loan ***** 6 1/4* 186.30 15/1 15/7 105 100.80* 1.9.91 N*****1F 1989
      337 words
    • Article
      MONEY MARKET
      104 20 Official discount rates Apr 30 NY Fed Res Bank 6.0 Bank of Japan 6.0 Bundesbank 6.5 Swiss National Bank 6.0 Source: National Westminster Bank CD rates for prime customers Apr 30 Bid Offer 1 month 6.00 6.10 2 months 6.00 6.10 3 months 6.02 6.12 6 months 6.18
      104 words
    • Article
      Lock icon UK unit trust sales at four-year high
      630 20 Figures show individuals still shunning the investment pools Reuter A SURGE in UK unit trust sales to four-year highs in the first quarter of this year shows new life in an industry considered all but dead a year ago. Fund values also rose
      Reuter  -  630 words
    • Article, Illustration
      Lock icon UN panel looks into Iraq's oil request
      181 20 Reuter THE United Nations Security Council's sanctions committee considered on Tuesday Iraq's request to sell US$l billion (Ssl.B billion) worth of oil in the next four months on world markets but was not expected to approve it. Despite Iraq's humanitarian problems, diplomats said
      Reuter  -  181 words
    • Article
      FINANCIAL FUTURES
      649 20 IMM Apr 29 PEUTSCHEMARW Open High Low Sett Vol Op/lnt Jun 91 0.5627 0.5710 0.5601 0.5681 28,057 67,703 Sep 91 0.5581 0.5655 0.5561 0.5638 EUROOOLLAR Open High Low Sett Vol Op/lnt Jun 91 93.76 93.78 93.73 93.73 138,973 806,994 Sep 91 93.47 93.51 93.45 93.46 JAPANESE YEN Open
      649 words
    • Article
      Gold finishes higher in Hongkong
      264 20 GOLD closed firmer in active trade yesterday but ended near its intraday low in Hongkong of U*****.00/356.50 an ounce. Dealers said bullion was pressured shortly before the close as local and overseas investors took profits, offsetting early European and Japanese demand sparked by a weaker
      264 words
  • Page 20 Advertisements
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1084 21 Abu Dhabi GA975 GA887 1300 1225 GA894 2340 SQ 109 MH642 1405 1450 SQI 08 MH641 1 145 1315 Adelaide SQ228 QF5 1905 2000 MH609 MH644 SQ111 MH/SQ671 MH671 SQI13 1625 1650 1705 1800 1800 1805 SQI 10 SQI 12 MH631 MH610 MH643 SQI 14 1445
    1,084 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Tinseltown in the making
      444 21  -  POSTCARD FROM LUXEMBOURG By Julia Hayley THE champagne lies unopened, getting warm after two hours of false starts. The lights are wrong, the leading actress needs her nose powdering. Eventually, the 40-strong crew shoots a few minutes of film and the actors get a drink. Viewers
      444 words
    • Article
      MONEY CHANGER RATES
      151 21 As at 3pm: Ix>cal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.375 1.39S Canadian dollar I.S23 I.S43 NZ dollar 1.028 1.063 Sterling pound 2.996 3.016 US dollar 1.7670 1.7770 l>ocml dollars to 100 units of foreign cunrency Austrian schilling 14.20 IS.20 Belgian
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      77 21 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel April 28- International London The Building *****6-1951 May 6-9 Offshore Houston Offshore (1)********** May 2 Food Drink Trades Technology Technology Exhibition Exhibition Ltd Conference Conference May 8-11 Computer-91 Hongkong Hongkong *****3 May 6-12 International Plovdiv, Foire Interna-
      77 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      34 21 Geneva know when you'll need Finnair for Europe. Because Finnair flies twice-weekly from Singapore to Helsinki then on to over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish.
      34 words
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      Page 21 Advertisements Column 2
      151 21 I ■OHH jjgmwm There's a helpful Singaporean in almost any foreign phone booth. Now, SingaporeDlßECT is 25% off. In over 20 countries, you can instantly get in You don't need coins, either Use a Singapore touch with a Singapore operator from any phone Telecom International Telephone Credit Card, or by
      151 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      279 21 8 What will help one in get--9 started to say why leave I IH JHf aHj Guyana for the Lizard! (6) PV Hi HH 11 Submarine run eased off h nJ Lmv LmJ LmJ LJ 12 Saloon guys in opera (6) 13 Bond, say given precentage 1 I 1 I
      279 words
    • Miscellaneous
      Page 21 Miscellaneous Column 2
      210 21 Singapore Outlook: Fair overnight. Showers late morning and early afternoon. Forecast: Maximum temperature 33.2 Assoc humidity 59% Minimum temperature 25.1* C Assoc humidity 99% Hours of sunshine 8.00 Rainfall in mm nil Rainfall this month nil Rainy days this month 0 World report Asia-Pacific Hi/Lo* Cond. Auckland 19/12 Showers Bangkok
      210 words
    • Miscellaneous
      Page 21 Miscellaneous Column 3
      21 21 (I'UL SP>V (ym "faOR meAL "TicKCr no uoßk foR TneA ir > ir J y Q4fo C EVENING STANDARO CO. LTD.. IM2-IHI
      21 words
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  • Article
    PM to sell EAEG idea to Kaifu
    517 22  -  Singapore sees potential in Malaysia's proposal, says Goh From Alvin Tay in BRUNEI MR GOH Chok Tong said he will help to sell the Malaysian proposal of an East Asian Economic Grouping (EAEG) to Japanese Prime Minister Toshiki Kaifu when the latter arrives
    517 words
  • Article, Illustration
    Global issues likely to be main focus of Kaifu talks
    581 22  -  By Walton Morais JAPANESE Prime Minister Toshiki Kaifu arrives in Singapore today on a three-day official visit during which global issues, especially Japan's role in the world community, are expected to be the main focus. Mr Kaifu will call on
    581 words
  • Article, Illustration
    S'pore's SP Tao seals S Lanka's biggest property deal
    510 22  -  From Catherine Ong in HONGKONG SINGAPORE businessman Mr S P Tao sealed the biggest property deal in Sri Lanka last month for a US$l2O million (Ss2l4 million) project in Colombo. Mr Tao is at the forefront of a new wave of
    510 words
  • Article
    Lock icon Phnom Penh broke ceasefire, Sihanouk guerillas say
    270 22 AFP GUERILLAS backing former Cambodian monarch Prince Norodom Sihanouk claimed Wednesday that Phnom Penh had broken the voluntary ceasefire and launched two large-scale attacks against them. The claims came shortly before the three leaders of the guerilla movements were to meet Japanese Prime
    AFP  -  270 words
  • Article, Illustration
    Sure, help the needy — but reward the strivers
    810 22  - Sure, help the needy but reward the strivers The Bottom Line MAGGIE FORD MAGGIE FORD The writer is a financial journalist based in Jakarta DR Johannes Sumarlin, the Finance Minister of Indonesia, is undoubtedly quite right: life is not fair. Addressing the annual meeting of the Asian Development Bank at
    810 words
  • Article
    Lock icon Salim Group helping ailing Indonesian bank
    363 22 Reuter INDONESIA'S biggest business conglomerate, the Salim Group, is helping bail out Bank Bukopin, but the ailing private bank still needs government aid to cover its bad debts, Indonesian Cooperatives Minister Bustanil Arifin said yesterday. Bank Umum Koperasi Indonesia (Bukopin) is controlled by cooperatives
    Reuter  -  363 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      76 22 Nikon The World's Finest Photographic Systems Ha\tn m OSSOrtment of appetising Sivahmm Asparagus DianXin and snacks at iWWU special prices. At LingZhi Vegetarian -Uii open from 10am to Bpm Restaurant, we promise a «aog MUr any A specialist in new wave vegetarian L i n <! Z h i cuisine,
      76 words
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      Page 22 Advertisements Column 2
      22 22 \Nikon The World's Finest Photographic Systems Lufthansa nonstop to Frankfurt, Europe, the World. 6 times every week. 0 Lufthansa Reservations 737 9222
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  • Shipping Times
    • Article
      Cosco starts box service between S'pore, Australia
      336 23  -  Fortnightly service introduced despite recession Down Under By Dexter Lee STATE-OWNED China Ocean Shipping Company (Cosco) has started a fortnightly container service between Singapore and Australia despite the recession there. Since last month, Cosco has deployed two ships, each with a capacity of
      336 words
    • Article, Illustration
      Innocommerce launches two companies
      282 23  -  By Shoeb Kagda INNOCOMMERCE launched itself into the marine leisure business fullscale on Tuesday with the introduction of two new companies Yachts Boats and Inno-Radiant. The diversified group of companies also announced that it had clinched distributorships for the Thomascraft range of boats and the ZF
      282 words
    • Article
      Lock icon EC agrees on car deal it wants to make with Tokyo
      495 23 Reuter THE EUROPEAN Commission on Tuesday agreed on the outlines of a deal it wants to make with Tokyo to limit Japanese car imports until the late *****, giving European carmakers time to become more competitive. In a step
      Reuter  -  495 words
    • Article
      Lock icon Backlog of supertankers at Louisiana unlikely to hit US oil supplies
      503 23 Reuter A BACKLOG of supertankers vying to unload at the Louisiana Offshore Oil Port (Loop) is unlikely to pose serious problems bringing oil ashore. But it could boost demand for American tankers as shippers seek alternatives to the nation's
      Reuter  -  503 words
    • Article
      Lock icon UK, China move towards resuming airport talks
      426 23 Reuter BRITAIN and China are moving towards resuming talks over Hongkong's plans for a huge port and airport complex, an issue which has turned into a battle of wills over who runs the territory in the final years of colonial rule. But officials
      Reuter  -  426 words
    • Article
      Lock icon MNSC confident Penang surcharge issue will be resolved soon
      216 23  -  By Khaidir Abd Majid Bernama ENCOURAGED by the successful conclusion of negotiations for a new Separate Merchant Agreement (SMA) between the Malaysian rubber shippers and the Far Eastern Freight Conference (FEFC), the Malaysian National Shippers Council (MNSC) is confident the contentious
      Bernama  -  216 words
    • NEWS SUMMARY
      • Article
        The quest for alternative fuels
        37 23 PRINCETON University's Dr Irvin Glassman, an authority on combustion, gives his views on the likely replacements for petrol and how far we are from the widespread use of such fuels Page 2
        37 words
      • Article
        GM, Ford report heavy first-quarter losses
        34 23 THE severe slump in car demand in the United States was underscored when General Motors and Ford, the two leading American manufacturers, reported heavy first-quarter losses Back Page
        34 words
      • Article
        Jaguar expects to remain in the red
        47 23 JAGUAR, the British luxury carmaker and a subsidiary of Ford of the United States, is expected to report a pre-tax loss of around £70 million for 1990, a further deterioration from a loss of £49.3 million in 1989 Back Page
        47 words
      • Article
        Cleanup of Kuwaiti coastal waters begins
        42 23 A NORWEGIAN ship is slurping up more than 1,000 barrels of oil daily in the first clean-up of Kuwaiti coastal waters since the Iraqis dumped crude into the Gulf more than three months ago Back Page
        42 words
      • Article
        Guerillas step up violence in Peru
        34 23 SABOTEURS blew up a railroad line and insurgents seized a radio station on the eve of Labour Day. President Fujimori's living quarters also came under attack Back Page
        34 words
    • LOG BOOK
      • Article
        Liberian tanker rescues Indon freighter crew
        87 24 ALL 22 Indonesian crew members of the stricken freighter, Bakarti Tiga have been rescued by a Liberian oil tanker, Pioneer Spirit. Mr Holt-Jensen, the General Manager of TeeKay Shipping, the local agents for the owners of the tanker, said that the rescue was carried
        87 words
      • Article
        Crew of burnt tanker flown off
        44 24 CRHW MEMBERS have been flown off the burned-out Cypriot bulker Theanoula by the US Coast Guard, Lloyd's Shipping Intelligence Service reported. The operation began on Friday evening and the crew members were landed in Kingston, Jamaica on Sunday.
        44 words
      • Article
        Kuwaiti box terminal cleared
        71 24 KUWAIT'S largest container terminal at Shuaiba Port was cleared for general traffic as of April 23, an oil industry newsletter reported on Monday. Although the port was reopened in March, it was only handling government-char-tered vessels, the Nicosia, Cyprus-based Middle East Economic Survey (Mees) reported. The
        71 words
      • Article
        Indian seamen arrive for inquiry
        38 24 TWO INDIAN seamen have arrived in Cyprus for an investigation into the collision in the English Channel of their Cypriot-registered cargo ship and a British trawler last month, maritime officials said on Monday.
        38 words
      • Article
        Soviets conduct warship trials
        60 24 THE SOVIET Union has conducted trials of a new class of "Stealth" warship showing that it can still develop potent weapons despite its domestic problems, a Western military journal said on Monday. Jane's Soviet Intelligence Review said the Soviet navy's latest warship, the missile frigate Neustrashimy
        60 words
      • Article
        Whitley Bay refloated
        61 24 THE Maltese-registered vessel Whitley Bay was refloated during high tide on April 26 with the help of a tug, Lloyd's Shipping Intelligence said. The 13,180-dwt vessel, which was previously registered in Cyprus, ran aground on April 24, has moved to Chittagong outer anchorage and is awaiting a
        61 words
    • Article
      DAILY FREIGHTS
      895 24 DRY cargo chartering was quietly steady on Tuesday as the Baltic Freight Index shed four points at 1,626. Brokers pondered over yet unconfirmed talk the Soviets had purchased wheat in Canada, but with a number of weeks of Soviet rumours behind them, this latest item did not trigger
      895 words
    • Article, Illustration
      Lock icon The quest for alternative fuels
      1196 24 Princeton University's Dr Irvin Glassman, an authority on combustion, gives his views on the likely replacements for petrol and how far down the road we are from widespread use of such fuels NYT IRVIN GLASSMAN has been described as the world's leading authority on combustion.
      NYT  -  1,196 words
    • Article
      TRANSPORT DIARY
      899 24 May 7 (9.00 am to 12.45pm): Seminar on Shipping Pools organised by Merchant Prospect Limited and SC Lim Management Services. Conducted by Mr William Packard. Managing Director of Merchant Prospect Limited. For further information please contact Miss Maria Tan or Miss Amy Lim at tel no: *****88. May
      899 words
    • Article
      THE SHIPPING GUIDE
      12322 32 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
      12,322 words
    • Article
      SHIPPING AGENTS
      3316 37 Containerize NV: Bclsin Shpg Agencies Pte L td (Si/Marine Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Ca I source Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Albatrus Sea-Air Service: Frata Shpg Pte Ltd
      3,316 words
    • Article
      COURIER SERVICES
      254 37 Abacus C ouriers Tel: 545-8011. Fa*: *****98 Air Express Travel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844. Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster Link Supplies Services
      254 words
    • Article
      AIR FORWARDERS
      1505 37 Abex Express Freight Tel: 542-7171. Fax: *****84 Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05 Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06 Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,505 words
    • Article
      PORT CONDITIONS
      2946 38 ARGENTINA San I oren/o: Port full; 8 vessels berthed loading various commodities, mainly grain by-products; 5 vessels anchored in ri>ads awaiting berths of which 3 to load by-products, 2 grain. Kosario: Three v essels in port of which I loading sugar. I pelletiscd meal. I grain; I vessel
      2,946 words
    • Article
      AIR FREIGHT SCHEDULE
      461 38 ARRIVALS DEPARTURES Op Flight Ijpe ETA T From Op Flight Type FTP T lo TODAY TODAY KAL KE697 B707F 0150 I SEL KAL KE697 B707F 0440 I BKK NCA KZ203 B747F 1930 1 NRT SIA SQ822 B747F 0710 2 BOM/LON KAL KE685 A30F 2345 I SEL/MNL TOMORROW
      461 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      502 38 SHIP SALES TANKER RATES Reuter AFP FOUR sistership tweendeckers were purchased by London-based interests for about USSI2 million en-bloc, these were the 1979-built las Coloradas and Pino del Agua, plus the 1980-built Alegria de Pio and Palma Mocha, all of 14.854 dwt. VESSELS SOLD FOR FURTHER TRADING Tweendeckers Joy: 16,213
      Reuter; AFP  -  502 words
    • Article
      CRUISE & FERRY SCHEDULES
      227 38 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dtp Name of Vessel ETA ETC) Ports of Calls Port Agent MAY 02 02 Cora Princess 1000 1800 Jakarta-Sin-Jakarta Sembawang Johnson 05 06 Sea Princess 1200 0200 Sin-Penang Straits Shipping 06 06 Cora Princess 1000 1800 Jakarta-Sin-Jakarta Sembawang Johnson 09 09 Ocean Pearl 0700
      227 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        573 39 Vess Vo 1 Wo Berth Amval Departure i Vessel Voy No Berth Amval Departure Keppd Wharves Jurong Port Kota Eagle 7/91 K32 alor«side 01.05/1830 '3 alongside 0305/0700 Kota Petani E894 K31 0505/0600 *>*» alongside 0305/2300 I Jal Bontan 2103E C10 02 05/2359 O"" 5 3/91 J5/6 0105/1800
        573 words
      • Article
        CONTAINER SCHEDULE
        1236 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Book rig/Balance Rslts Sh|) Voy No Etb/Btr Period From To From Ad Goncharov *****1 03/1500 2 01/1700 02/0659 02/0900 3 02/0700 02/1159 02/1400 4 02/1200 02/1459 02/1700 Aka Bhum 4S6N 03/0645 1 01/1500 01/1659 01/1900 3 02/0700 02/1159 02/1400
        1,236 words
      • Article
        IN MALAYSIAN PORTS
        221 39 Penang Port In the roads: Fayruz IV, Hui An, Continent I. Victory Aver, Oai Hang Shan, KC 1000, Trans Trader, Sri Arika, Bunga Kiambang, Kasuga 11, Ananger Spirit, Conch, Tanjung Emas, Menina Ehsa, Gulf Bridge, Samudera, Malayan Success, Kim Soon Li, Swadaya, Glory Selatan VB. General R
        221 words
    • Article
      Lock icon Ford, GM report heavy losses in first quarter
      443 40 FT THE severe slump in car demand in the United States was underscored on Tuesday when General Motors and Ford, the two leading American manufacturers, reported heavy first-quarter losses. Ford warned that the US recession would make it difficult for the company
      FT  -  443 words
    • Article
      Lock icon Jaguar to stay in the red with £70m loss
      300 40 FT JAGUAR, the British luxury carmaker and a subsidiary of Ford of the United States, is expected to report later this month a pre-tax loss of around £70 million (SS2O9 million) for 1990, a further deterioration from a loss of £49.3
      FT  -  300 words
    • Article, Illustration
      Lock icon Guerillas derail train, occupy radio station
      219 40 UPI SABOTEURS in Peru blew up a railroad line, derailing a freight train, and insurgents seized a radio station on Tuesday in violence on the eve of May 1, Labour Day for most of Latin America. Police said that two train wagons loaded with
      UPI  -  219 words
    • Article
      Lock icon US Coast Guard seizes Polish vessel
      198 40 UPI A POLISH fishing vessel accused of operating illegally in American waters was seized in the Bering Sea by the United States Coast Guard and was being escorted on Tuesday to a port in the Aleutian Islands. A Coast Guard helicopter from the cutter
      UPI  -  198 words
    • Article, Illustration
      Lock icon Cleaning up of Kuwaiti coastal waters begins
      425 40 AP TFIE Norwegian ship AlWaasil is slurping up more than 1,000 barrels of oil daily in the first clean-up of Kuwaiti coastal waters since the Iraqis dumped crude into the Gulf more than three months ago. While the week-old operation has been successful,
      AP  -  425 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      82 23 B~ SWEE HENG METAL CO PTE LTD No. 13, Tuas Avenue 14, SPORE 2263 FAX: 861-2946 TEL: 861-5855 (5 LINES) TLX: RS ***** SHMCPL SoteAger* CIFA Also buy, sell rental repair WHATEVERi 1 EYOUR DESTINATION GO WITH *CARGOFLO International Freight Forwarder. N.V.O.C.C. Consolidator. Specialist in project cargo handling and consolidation.
      82 words
    • Advertisement
      Page 23 Advertisements Column 2
      50 23 Air Forwarders 15 Air Fraght Schedule 16 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily 2 Index to Advertisers 3 Port Conditions 16 Shipping Agents 15 Shipping Guide 10.11 Shipsales/Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Transport Diary 2 Weather and Sea Conditions 17
      50 words
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  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      180 24 ANNOUNCEMENT OF INVITATION TO BID Subject: Two oil tankers are available for sale VESSEL LOA GRT DATE OF MIN. BEAM NRT BUILT MAIN ENG. CNSUMPTN BID OFFER DELIVERY CLASS DRAFT DWT OPENING (around) LEITSU 253 ***** JUL IHI-SULZER SV.SPEED 1000HRS USD KAOHSIUNG (BHBE) 37 ***** 1972 9RD-90 15.25KTS JUN/11 JUL/01/91
      180 words
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      Page 24 Advertisements Column 2
      9 24 The Cockett report was not available at press time
      9 words
Page thumbnail Page 25
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      2364 25 mmm. JAROINE. SHIPPING AGENCIES 200 Cantonment Road #12-05 Southpoint, Singapore 0208 \lllfr t<h 221 am telex no rs ***** v«nrm terminal/cfs th *****1s 220 rBMMrI BOOKINGS Trt *****34 258 1 VQOy M PESAKA JARDINE SNIPPING AGENCIES SON BHD *> RT KELANG TEL: *****18 TELEX NO. MA*****/MA***** PENANG TEL *****4 TELEX
      2,364 words
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      Page 25 Advertisements Column 2
      925 25 MDEXI TOfIDVERTJSERS Page Col Page Col Macoiine 9 4/5 Macrsk Line 3 4/5 MISC 14 1-3 ABC Containerline 12 1 M sia Shpg Corp 9 1/2 Accord Group 8 1-3 Mercury Line 12 2 t S f a A,r '< J. .MOL 18 4/5 Allied-Link 16 4/5 MOSK (Forest) 5
      925 words
    • Advertisement
      Page 25 Advertisements Column 3
      1956 25 SINGAPORE TO KOBE IN 8 DAYS ETO SINGAPORE BTH MAY. 1991 MAJESTIC MAERSK VOYAGE 9104 ETA KOBE 15TH MAY. 1991 Vessel Voy ETA ETO "Port 'Penang DESTINATIONS Singapore Kelang This week Maieslic Mte'W 9104 Feeoer by 6/i ?359 HRS M Pmio CFS 7/5 oaoo MRS OAK LGB HOU MEM ATL
      1,956 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      1218 26 W' WEBEI.Ht.W.B' t— j Irottedam/1 VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE LA SEINE 1 a/117 3/5 24/5 22/5 21/5 CGM PASCAL 01/317 5/5 22/5 24/5 27/5 28/5 HONGKONG EXPRESS 01/118 9/5 30/5 28/5 27/5 j ALL WESTBOUND P KAGA 18/318 12/5 29/5 31/5 3/6 4/6 KUANS A
      1,218 words
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      Page 26 Advertisements Column 2
      550 26 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISLA FLOREANA 2208E 25/5 9'6 11/6 17/6 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA. PAGO PAGO APIA NUKUALOAfA DIRECT CHILE SERVICE SIN IQQ ANF VAP CLX SAI (PERU) ISLA FLOREANA 2208E 25/5 30/6 1/7 4/7 6/7 7/7 Agents .•■lt* SINGAPORE: *****11 MW/
      550 words
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      Page 26 Advertisements Column 3
      1193 26 QitiMia ausMtm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) ARABIAN SEA 108W 02/05 23/05 24/05 29/05 30/05 31/05 01/06 02/06 03/06 NORASIA SUN 9109-3 06/05 26/05 27/05 31/05 01/06 02/06 03/06 04/06 05/06
      1,193 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      2219 27 steamers Maritime Holdings Ltd) P&O ~m m STRAITS SHIPPING I ■ML f** *3 SlßMport to BrwMi. East Malaysia. I Containers mLJm I Voy No Sou Ant Ro, S SAIIS OSAKA BAY 0518 2704 29/04 0605 22/05 24/05 27/05 CAHUJ LARS MAERSK 9106 04 05 06/05 0805 23/05 26/05 27/05 29/05
      2,219 words
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      Page 27 Advertisements Column 2
      2144 27 TO; U S A /PANAMA f» II S A /PANAMA i s is k ss'-rjar""! S?S s 8 s CHOYANC SUCCESS If 111 1W V» >* 1» lilt lilt 2« M LA O A 114 i'J jS ,44 4 £4 *5 GERMAN SENATOR EF 1W US 12* 14* ?M 2*
      2,144 words
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      Page 27 Advertisements Column 3
      419 27 mmsumjm STRAITS/JAPAN/STRAITS SERVICE Asean Trader VlO I ETA SPORE 11/5/91 I ETA KUANTAN 13/5/91 I ETA YOKO 28/5/91 I Loading for Bangkok j M.V. TRONO V 76 I ETA SPORE 14/5/91 I ETA BANGKOK 17/5/91 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG.] TAIWAN CHINESE PORTS, SUBJECT INDUCEMENT I IMLintermaritimel SOUTHERN
      419 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      697 28 HAtt CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL/VOY S PORE ROAM. AO AM H BURG BREMEN ANTWERP KUTAI,22WB 10(5 8/6 W> MATARAM/29W8 10/6 IV 21/7 26/7 W fast transit time ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject to Inducement Also accepting cargo to Casablanca, Port Said. Port Aleiandrla, Genoa, Trieste. ALSO
      697 words
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      Page 28 Advertisements Column 2
      1021 28 W. HANJIN SHIPPING I FEEDER VSL SIN LINE HAUL LAX OAK HANJIN SEATTLE 01»E 10/5 M HAMBURC OOfet lit 9/t HANJIN HAMBURG OttE 17(5 DIRECT 7(t M HANJIN KAOHSIUNG 004E 23/5 DIRECT 12/ i 15ft NB T/S AT PUSAN FEEDER VSL SIN LINE HAUL SEA VCR S'pofe H Konf Kioshiung
      1,021 words
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      Page 28 Advertisements Column 3
      52 28 I anna SCAN LLOYD SHIPPING PTE ltd. m I=^l=;M BLK 118 ALJUNIED AVE 2 #06-106 SINGAPORE 1438 TEL: *****22 weekly mm P.fc J|i.l|M (MON, THURS) VSL: ALSO REGULAR SERVICES TO DUMAI/PEKANBARU SPECIALISE IN PROJECT CARGOES FOR ALL INDONESIAN PORTS ALSO SPECIALISING IN WAREHOUSING AND STORAGE SPACING FOR ENQUIRIES/BOOKINGS CONTACT MISS
      52 words
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      Page 28 Advertisements Column 4
      1248 28 if J -J -TpTrra^Tl^ I HKC KSC KLC PUS MKT OSK NCY SMZ TYO LAX CHS BAL NYC LHV ANN ROM TUP MSG PSO CUB PKL SGP I t GUIDE ft-047 1/5 In Pt 7/5 1/5 10ft 13/5 15/S 17/5 11/5 19/5 20/5 31/5 12/6 14/6 16/6 25/6 26/6 271t
      1,248 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      2048 29 m/ NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) j&rj BOOKINGS' UK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INDIA/PAK SERVICE-*****18 FAR EAST SERVICE *****48 KK M TERMINAL OFFICE -*****22 DOCUMENTATION DEPT: *****44/*****14 CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 fiK NEPUNE SDN BHD MALAYSIA K.L.-(03) *****33, P. KelanQ-(03)
      2,048 words
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      Page 29 Advertisements Column 2
      1064 29 m 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 VfSStIS VOT |SIN |MIA MAG VOY |SIN |WU |HBC BMV Til RTM
      1,064 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1231 30 K 4 W* AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) mm w V TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 I I |J MALAYSIA: *K" LINE MARITIME (MALAYSIA) SDN BHD AIL MmJ JL MmJ TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 mi KAWASAKI KISEN KAISHA LTD
      1,231 words
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      Page 30 Advertisements Column 2
      156 30 JK DRAFT CONSOL AND FREIGHT SERVICES W? (YOUR INDIAN CONNECTION) WEEKLY LCI CONSOLIDATION INDIAN SUB-CONTINENT PORTS COLOMBO MADRAS CALCUTTA CHITTA6ONG KARACHI BOMBAY GOOD FULL BOX RATES CARRIER'S B/L/ CONFERENCE VESSELS CAIL: *****01/*****26 OR PAGE: *****80~ Continental Pacific I Shipping JT Jf TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK
      156 words
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      Page 30 Advertisements Column 3
      142 30 \REGULAR CONVENTIONAL SERVICES/ [S'pore P Kelang Loading for PISTIS Sid In Pt Antw Rdm, UK Nantes I TRIDENT BEAUTY 15/5 20/5 Antw/Rdm/UK/Nantes I NEA ELPIS 25/5 Antw/Rdm/UK/Nantes M [S'pore Loading for I GLOBAL SEAHORSE 5/5 Jeddah;Alexandria I SAMMI BLONDE 10/5 Oubai/Oammam/Bahrain I KAHRAMANMARAS 5/5 Hodeidah I KYRIAKOS M 10/5 Hodeidah/Jeddah/Aquba
      142 words
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      Page 30 Advertisements Column 4
      1126 30 U** PHIU-ORI€NT UN€5 PTC LTD iL-VP 108 ROBINSON ROAO *07-00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69******00 TELEX: RS ***** PHILI FAX: *****76/*****38 fjgm: BY AIR, LAND OR SEA... I \Jfcalgr WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION L ii ii ,^i 6 MAY MONmA^mwiTTORONTO^^^^B
      1,126 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1418 31 asanas: t&KK pacific international lines (PTE) ltd t 'g—JVBV PIL Building, 140 Cecil Street *****, Singapore 0106. I JAKAttTA I reANQKOK VESSEL VOV SIN JKT SIN VESSEL VOY SIN BKK SIN "JJ. KOTA PANJANG »112N 4/S 7IS 12/5 MAI GUANG 9106 4/5 8/5 INGENUITY 131N 4/5 7/5 11/5 BUNGA TERATAI
      1,418 words
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      Page 31 Advertisements Column 2
      1122 31 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROnERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Nihon- 126 2/5 24/5 25/5 Nedlloyd Delft 138 8/5 25/5 26/5 28/5 29/5
      1,122 words
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      Page 31 Advertisements Column 3
      462 31 3T MYANMA pBBk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIg Pen P.Gdg MYITKYINA V42B* 2/3 May HPA-AN VI62W 2/4 May PAGAN VIWW 2/5 May MYOMAYWA Vl3S* 4/7 May ■a* THE BAHKUNE (A service of Andrew Weir Shipping) SEMI-CONTAINER SERVICE \l HEAVY LIFT CAPABILITY 1 EXPRESS
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      Page 34 Advertisements Column 1
      645 34 TO AUSTRALIA/NEW ZEALAND [slit |Fr«n M«lb [s»d Audi NPE |P CHAIN Mrt 21/5 2M HI 1* M BRUSSEL 271 »5 5/S l&I M(i H/S 21/J 23/6 C. VEROLME 272 Tw U/t 2W 2W 3/7 S/7 ANTWERPEN 273 2M 3/7 *7 uf) "5/7 21/7 23/7 TO USA/CANADA VSL Singapore N Orleans
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      Page 34 Advertisements Column 2
      917 34 EXPORTS TO HONGKONG. TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE [OUTBOUND VOY PKL PNG JKT SIN HKG KAO KEE TYO SMZ NGO KOB VESSEL VOY SIN |PKL PNG BLW SIN TSK MELODY 24 4 5 "29 4 3 5 10 5 14 5 15.5 16 5 TSK MELODY 24
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      Page 34 Advertisements Column 3
      170 34 P.T. UNITED SHIPPING ."or ORGANISATION LTD OINrCTIKCULARSrRVICCS ±r JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA SURABAYA •Jf Accept carca to all otkcr ladaanUa porta -JLwith traaihlparat at Jakarta or Ivakaya. DESTINATION ETA ETD VSL JAKARTA 2/5 3/5 P JAWA 11/5 12/5 P KALIMANTAN W 15/5 16/5 P SUMATERA a 20/5
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      Page 34 Advertisements Column 4
      1407 34 ffe t U CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE 2. MISTRI ROAD, HMC BUILDING TELEX: RS 26U0 COSHIP #15-00, SINGAPORE 0207 M JAJtaWg IMC CR NO **********0*1 CABLE COSTARLINE General Agents: COSTAR SHIPPING PTE LTD VESSEL/VOY SCP HKG SHA XIN HPU DAL QIW VESSEL/VOY SUA XIN HPU DAI
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      Page 35 Advertisements Column 1
      1024 35 UKC CONVENTIONAL BKKVICK 'Vws*' PKL PNG P C. Loading for A VESSEL Rotttfdjm/Antwefp CHINA FULL CONTAIN!* «K*VIC» ViSMI SGP PKL BKK HKC QIN SHA VANCFANGKOU 1« 01/5 »/4 07/5 12/5 IS/5 YANGf ANGKOU 151 01/t »5 07/ C 12/1 16/6 Alu K£«pC>nf Mlt* chtMM partt <u HKC AwrmAiiA n/ix contaih—
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      Page 35 Advertisements Column 2
      346 35 RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL: *****33 (12 Lliws) ZZm FAX: *****15/*****03 |fTI) TELEX: RS ***** RISHIP (3 Lines) 3t\ ETHIOPIAN SHIPPING LINES r J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA LOACXNQ FOR SPORE ABBAY WONZ 28WB 30/05 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA
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      Page 35 Advertisements Column 3
      589 35 SEAWARD SHIPPING AND TRADING CO IS) PTE LTD ETA ETA ETA SPORE PORT KELANG PENANG BLUE JADE 15/5 Loading for Male IRUVAI HUDHU 25/5 Loading for Calcutta DOLPHIN 11/5 9/5 Loading For Fetiwaru PIONEER SUPREME 5/5 Loading For Male DONAKULHI 12/5 Loaded For Feliwaru PROGRESS LIBERTY In Pt Loading for
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      Page 35 Advertisements Column 4
      805 35 SYDNEY/MELBOURNE BANGKOK I —WMMM 1 11 mm VESSEL VOY SPORE STO MCI VESSEL VOY SINGAPORE BANGKOK PLANETA 0648 4-5/5 18-20/S 22-24/5 JENLINK S3N In H 2/5 Son 5/S PfYA BHUM 0704 14-15/5 27-29/5 31-2/6 SIRI BHUM# 482N Frt 3/5 Hon 6/5 PLANETA 0649 3-4/6 16-18/6 20-22/6 NANTA BHUM# 39N Sat
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      Page 36 Advertisements Column 1
      1343 36 MAC-NILS SINGAPORE EXPORT TEL: *****22 1 IMPORT TEL: *****02 11 PENANG TEL. (04) *****6 KK |TEL: (088) *****0 TAWAU TEL: (089) *****9 P. KELANG TEL: (03) *****?7, KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 J BAHRU TEL: (07) *****2 SIBU |TEL: (084) *****2 SARIKEI TEL: (084) *****8 »V/ >
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      Page 36 Advertisements Column 2
      387 36 BLUE star line SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCI> LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK LVT PROSPECT 12S 1 May 18 May Via NPL 20 May
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      Page 36 Advertisements Column 3
      967 36 jm THONG SOON LINES PTE. LTD. I 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****55 (BOOKING LINES)"" SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH vessel [wot In* liir mnti
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      215 39 BANKING, FINANCE AND INSURANCE 1991 A Business Times Special Supplement The theme for this year's supplement is "Focus: Asia", reflecting the growing economic and financial muscle of Asia as well as its importance as one of the world's fastest growing markets. Target date for publication is May 30. Among the
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      314 39 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 1200 **********00 **********00 1900 ***************0 JR 3.0 3.0 2.8 2.3 1.7 1.1 0.7 0.5 0.4 0.5 09 1.5 20 2.3 24 2.3 19 1.5 1.2 1.0 1.0 1.2 1.7 2.4
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      Page 40 Advertisements Column 1
      758 40 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBQUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH WEST FEEDER VOY PKE JHR SIM LINE HAUL VOY LBH OAK SEA LINE HAUL VOY TCM/SEA PTL WAN HAI 202 019 28/04 30/04 01/05 H COMMANDER 25E 27/05 30/05 03/06 BAY
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      Page 40 Advertisements Column 2
      565 40 CHARTPOINT Every Saturday in Business Times fMder Iran Vo» PNGIPKL iMothef Ve»el TvoJ SIN LAX OAK HOU DAL CHI. NOR M€M NYC OUR USA COL AKA BHUM V WON ALLIGATOR PRIDE V ***** 1/5 1(5 205 21/5 21/5 ffis~ 22/5 22/5 24/5 SERVICE CALLS AKA BHUM V 502N 2/5 ALLIGATOR
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