The Business Times, 24 May 1991

Microfilm: NL17495
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    9 1 BusinessTimes MCI (P) 16/12/90 Friday, May 24, 1991 75*
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  • NEWS SUMMARY
    • Article
      Rise in durable goods orders from US factories
      51 1 WASHINGTON Orders for durable goods from US factories rose 2.9 per cent in April, the first increase in four months, the Commerce Department said yesterday. All categories, except transportation, posted gains, and analysts said the news could indicate that manufacturing production was
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    • Article
      Still no accord in construction talks
      53 1 TOKYO Japanese and US negotiators failed to reach agreement yesterday after two days of talks in Tokyo, aimed at reviewing a 1988 construction pact, Japanese and US officials said. The two sides agreed, however, to meet again next week here in a bid to
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    • Article
      Cable TV study
      34 1 THE Singapore Broadcasting Corporation (SBC) and Singapore Telecom will jointly finance a study to ascertain if it is feasible for Singaporeans to receive programmes through a cable television network Page 2
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    • Article
      Condos are in
      48 1 THE NUMBER of people living in condominiums and private flats rose from 2.3 per cent in 1980 to 3.5 per cent last year. The percentage living in private houses, however, declined from 8.5 per cent in 1980 to 7.1 per cent last year. Page 2
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    • Article
      Sonia says 'No'
      18 1 SONIA GANDHI has declined an offer to succeed her assassinated husband, Rajiv Gandhi Page 8
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    • Article
      To save perestroika
      15 1 MIKHAIL GORBACHEV says he needs US$lOO billion to save perestroika Page 9
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    • Article
      Printing mania
      15 1 FOLLOWING sweeping economic changes, Vietnam is seeing a boom in publications Page II
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    • Article
      French green thumbs
      24 1 THE French government has a new preoccupation: gardening. Tuileries and Versailles, the country's grand gardens, are to be restored Page 13
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    • Article
      Full steam ahead
      26 1 STEAMERS Maritime's newly-acquired airfreight venture has plans to build a strong network of offices in the region next year Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      34 1 THE New York stock market staged a moderate advance yesterday morning. The Dow Jones average of 30 industrials rose 9.17 points to 2,919.50 at 1430 GMT in the first hour of trading.
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    • Article
      Footsie higher
      30 1 LONDON SHARES were higher at midday yesterday, but down from their best levels. At 1115 GMT, the Financial Times-Stock Exchange 100-share index was up 10 points at 2,475.9.
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    • Article
      Back to basics
      26 1 DIVERSIFIED property group IGB Corp Bhd wants to go back to being a purely commercial property player in its home base Page 3
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    • Article
      Plantation sale
      20 1 EAST ASIATIC Co (M) Bhd is selling its Teluk Merbau oil palm plantation in Sepang, Selangor Page 3
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    • Article
      All about Magnum
      13 1 SHARE ANALYSTS have differing views about Magnum Corp Page 3
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    • Article
      Sony's thinner profits
      20 1 THIN MARGINS and higher-than-expected labour costs have resulted in lower operating profits for Sony Corp Page 4
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 741.58 +3.08 Kuala Lumpur ....611.57 +18.81 Tokyo 25,643.65 +244.99 Hongkong 3,778.79 -47.83 Sydney 1,533.1 -6.0 Wednesday Change New York 2,910.33 +4.25 London 2,465.9 -16.8
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    • Article
      CURRENCIES
      22 1 Exchange rates USS s$ 1.7695 100 Yen SS 1.2822 MS SS 0.6411 Money market rates Overnight 5-3/8 3/8 3-month 5-3/8 +3/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix USSS355.00 -USSS1.75 Rubber S'poreJune.. 145.75*/kg -0.25 M'sia June 225.50*/kg unch KL Tin Turnover 58 tonnes +28 Spot MS 15.26/kg -0.16 Crude palm oil Turnover 982 lots +96 June MS771 /tonne +1
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  • Article, Illustration
    HDB may soon have flats with waterfront setting
    517 1  -  Reclaimed land at Seletar earmarked for public housing By Jean Wee IF ALL goes well, public housing with a waterfront setting may well be under construction by the mid--*****. Reclaimed land, off Seletar Camp on the north-east-ern coast of Singapore, has been
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  • Article, Illustration
    AMP gives a $35m boost to local connector industry
    426 1  -  By Genevieve Cua SINGAPORE'S connector industry, which has been singled out as one of the manufacturing sector's key growth areas, yesterday received a major boost when the world's biggest maker of connectors announced a new $35 million investment. US-based AMP Incorporated
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  • Article
    S'pore firms hope it's business as usual with India soon
    486 1  -  By S N Vasuki SINGAPORE companies that have dealings with India say that the assassination of former prime minister Rajiv Gandhi and the postponement of elections will only have a short-term impact on that country's business climate. Companies contacted by
    486 words
  • Article
    Malaysian stocks steal the limelight again
    134 1 FOR the second consecutive day, investors in the local stock market focused mainly on Malaysian stocks, while overall, share prices closed generally higher. Among Singapore counters, there was some bargainhunting with selective buying of heavyweight stocks such as F&N and Nat Steel. The benchmark
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      189 1 At America's most comfortable shoes Hush Puppies X X I*4*OSNOfS Available at Hush Puppies stores at #03-63, Far East Plaza, #01-314 Marina Square and all Metro stores (except Far East Plaza) Aircraft Schedule 25 Money Market 23 World News 8,9 Commodities 24 Regional Co News 4 Cryptic Crossword 25 Regional
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      Page 1 Advertisements Column 2
      136 1 Lifestyle organisation defines jobs v How green is our island? clearly, says the developer of Lifestyle evaluates the a programme now being r changing attitudes of marketed in Singapore and Singaporeans to the the region environment Opinions Dav-drcaming in a strike are democratic ideals which can impede progress book about
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      Page 1 Advertisements Column 3
      81 1 plFifflpsr©" Compact A3-format Copier. Minolta IMF may delay Indian loan, Back Pg Sonia turns down offer to succeed husband, Pg 8 jfa. 4 -i «t t faßte fl T 1 "tyf ff""*" 1»y i—.- .J s** ?^jp^y£T' %3E ••%*'>'• '•>*•.&"•* •»'**!>?&- Hfiw A 1 -fciii ly ■«&.■s*■+* >jp>- 1,- v
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Rajiv's funeral
        28 2 HEALTH Minister Yeo Cheow Tong will represent Singapore it the funeral of ex-Indian Prime Minister Rajiv Gandhi >day, said the Ministry of Information the Arts yesterday.
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      • Article
        Forum on Japan and S-E Asia
        74 2 I \PANESE ambassador Tatsuo Yamaguehi will conduct a lorum on "Japan and South-east Asia" next Wednesday at the lecture theatre of Bukit View Secondary School. The forum is organised by the Bukit Batok Community Centre Current vtTairs Club with the aim of increasing public
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      • Article
        Cardiac nursing workshop
        65 2 I HE second regional symposium and workshop on "Cardiac ntical care nursing" is being held at the York Hotel until May 26. The symposium, attended by some 250 nurses from the Asia-Pacific, will focus on the delivery of quality health service and the appropriate use of technology
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      • Article
        Financial forecasting
        54 2 1 HE National University of Singapore and NEC Singapore will sign a memorandum of understanding today for collabouition on a project to develop neural network models for financial forecasting. The project is the first of its kind in the :egion that combines supercomputing and artificial intelligence technologies for
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      • Article
        PA Youth celebrates 20 years
        51 2 I HE People's Association Youth Movement is kicking ofT its nth anniversary celebrations this year with an exhibition at the Marina Square Shopping Complex from today to Sunday. 1 he opening ceremony, on Saturday, will be officiated by the vlinister for National Development, Mr S
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    • Article
      Dharmala relaunching Ardmore Point
      198 2 VVITH A view to capitalise on the growing interest in the local residential property market, the Indonesian Dharmala group is re-launching its %rdmore Point complex tomorrow. The project was taken off the market some nine months ago due to sluggish response in view of the Gulf
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    • Article
      Ngee Ann City office space being marketed
      230 2  -  By Salil Tripathi OFFICE accommodation at Orchard Road's most talked about shopping complex in the making, Ngee Ann City, is now being marketed. Office facilities at Ngee Ann City will include a business centre and a health and fitness club. The property consulting
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    • Article
      Kerbau Plaza at Little India sold for $9m
      205 2 THERE was considerable interest among the 84 bidders for restored shophouses at Kerbau Plaza in the Little India conservation project at Kerbau Road-Buffalo Road near Serangoon Road. The bidder-to-parcel ratio was about six to one, as there were only 15 parcels of
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    • Article
      Mexico welcomes PSA's input in port feasibility studies
      276 2 THE Mexican government would like to see the Port of Singapore Authority (PSA) participating once again in feasibility studies on the upgrading of another two Mexican ports. This follows the success of studies the PSA conducted last year on four Mexican ports
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    • Article, Illustration
      Rise in number of people living in private flats
      260 2 THE proportion of resident households who live in condominiums and private flats rose by more than 50 per cent over the decade from 2.3 per cent in 1980 to 3.5 per cent last year. The percentage living in private houses, however,
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    • Article
      Siemens Nixdorf appoints distributor for PCs
      243 2  -  By Michelle Loh SIEMENS Nixdorf Information Systems has appointed Open Technology as its Singapore distributor for its line of personal computers here. This appointment is part of a series by Siemens Nixdorfs regional re-seller division throughout Asia. Already armed with distributors in Thailand (TN
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    • Article
      Feasibility study for cable television network
      216 2 SINGAPOREANS will be able to receive programmes through a cable television network if the results of a study point to its feasibility. The Singapore Broadcasting Corporation (SBC) and Singapore Telecom will jointly finance the study for which an international open tender for consultants has
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      265 2 kEm R m H poi nt X FIRST CLASS LUXURIOUS apartments :i't PRESIDENT >V n(KMT(fZ>V -_T7j I yl "shopping THOMSON n:sm NHWTON LIVE THE LIFESTYLE OF THE 90's Ultra-modern design and a good range of recreational facilities combine to offer you the ultimate living environment. In the luxurious apartments built
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    • Advertisement
      Page 2 Advertisements Column 2
      131 2 iThe money coupon below is worth $20,000 in our BT Investment Race Contest #2. Cut it out and collect the coupons daily firom May 20 to 24,1991 for a total value of $100,000. In the May 25, 1991 issue of Business Times, you will And a Contest Entry Form. On
      131 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      IGB to target commercial property again at home
      581 3  -  From William Chia in KUALA LUMPUR DIVERSIFIED property group IGB Corporation Bhd, which has announced plans to list its manufacturing and trading operations, wants to revert to being a purely commercial property player in its home base. Executive director Mr Goh Nan
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    • Article
      Wing Tai in G2000 joint venture
      334 3 WING TAI has entered into a three-way joint venture to make and market the G2OOO brand of clothing products in Singapore. The garment manufacturer and property owner announced yesterday that it was tying up with Liberian-incor-porated G2O(H) (International) Ltd and Great Malaysia Textile Manufacturing
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    • Article
      Jack Chia-MPH buys stake in DSH
      253 3 JACK CHIA-MPH, which reported a 13 per cent drop in group profit after-tax for the year ended March 31, 1991, has bought a 60 per cent stake in Australia-based Dollar Sweets Holdings (DSH) for A 560,000 (5582,200). In a statement yesterday, the company said
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    • Article
      Lock icon CIC may oversee unit trust industry
      265 3 Bernama KUALA LUMPUR The Capital Issues Committee (CIC) is likely to be made the sole authority to regulate and oversee the unit trust industry which has seen several new funds being launched recently. Industry sources said yesterday Bank Negara plans to "opt out" of
      Bernama  -  265 words
    • Article
      Analysts divided over Magnum
      670 3  -  MARKET TALK By G Vijaya Bharathi SHARE ANALYSTS in Kuala Lumpur are divided on prospects for Magnum Corp shares following the controversial restructuring of its gaming operations. Mayban Securities, in a recent review of the company, has recommended a "buy on weakness" approach at M$ 11.70
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    • Article
      Lock icon East Asiatic selling estate to M Resources for M$220m
      525 3 Bernama KUALA LUMPUR East Asiatic Company (Malaysia) Bhd has entered into a conditional agreement to sell to Malaysian Resources Corporation Bhd its 7,800-acre (3,157-hectare) Teluk Merbau oil palm plantation in Sepang, Selangor, for Ms22o million (Ssl4o million). The two companies said
      Bernama  -  525 words
    • COMPANY BRIEFS
      • Article
        OK for Hotel Grand Central's bonus issue
        29 3 THE Stock Exchange of Singapore has given in-principle approval for Hotel Grand Central's one-for-ten bonus issue which was proposed on March 26.
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      • Article
        Stake in Jurumuda
        50 3 KUALA LUMPUR Edaran Otomobil Nasional Bhd said that it has agreed to acquire a SI per cent stake in Jurumuda Sdn Bhd through the subscription at par of 510,000 new shares of Msl each. Jurumuda is principally involved in the provision of rust-proofing services for motor vehicles.
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      • Article
        Palmo Holdings appoints director
        25 3 KUALA LUMPUR Palmco Holdings Bhd said that it has appointed former banker Tjio Kay Loen as a director effective May 21.
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      • Article
        Tai Wah: Separate quotation
        53 3 KUALA LUMPUR Tai Wah Garments Manufacturing Bhd's shares owned by foreigners will be separately quoted from May 29. The K.LSE said for trading purposes, there would be no restriction for local persons to transact in Tai Wah foreign shares and for foreigners to transact in Tai
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      • Article
        Sateras acquires dormant firm
        77 3 KUALA LUMPUR Sateras Resources (M) Bhd said it paid M$ 1,800 to acquire PCB Manufacturers Sdn Bhd for future use. PCB Manufacturers is now dormant. Replying to a query by the Kuala Lumpur Stock Exchange, Sateras said that it has yet to decide on the principal
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      • Article
        Genting in Selangor project
        84 3 KUALA LUMPUR Genting is entering into a turnkey contract agreement with the Selangor state government to design, construct and complete a link road between Batang Kali, Selangor to Genting Highlands. In a statement, Genting said that after a series of negotiations, the letter of intent was
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      114 3 n Which hotel will vou stav in, dadd v J W ANA HOTEL SINGAPORE i. v,U„. ii ti --mi. u>: ~-H l Vlt.MI I >11 til. I ~v V i« U \l|s|\ks.msi M FOR THE WORLD'S MOST TREASURED WATCHES CONCORD houses some of the world's most mkm excellent service in
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Astra, Goldstar to set up electronic factory
        72 4 JAKARTA Indonesia's second-largest private business group, PT Astra International, and South Korea's Goldstar Co Ltd agreed to set up an electronic factory near Jakarta this year, a company official said yesterday. Astra will own 51 per cent of the 21 billion rupiah joint
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      • Article
        Djayanti Group expands fishing
        83 4 JAKARTA Djayanti Group, one of Indonesia's largest plywood producers, will expand its fishing activities in the eastern region. Djayanti's vice-president, Mr M Sutara, said the group would gradually increase its fishing fleet in the region to around 500 boats. The group, which now operates around 80
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      • Article
        Coles Myers included in indices
        81 4 SYDNEY Australia's largest retailer, Coles Myers Ltd, yesterday said the Australian Stock Exchange (ASX) has agreed to include the company's so-called K shares in its indices. Coles Myers said the 117.60 million shares are held by K Mart Corp and represent 22 per cent of
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      • Article
        Mayne Nickless to sell Collex
        79 4 MELBOURNE Mayne Nickless Ltd on Wednesday said it has agreed to sell its waste management business, Collex, for an undisclosed sum. The buyer is Fretform Pty Ltd, a subsidiary of Compagnie Generale d'Enterprises Automobiles, itself a unit of French municipal services company Compagnie Generale des
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      • Article
        Toray's profit falls 6.9pc
        55 4 TOKYO Japan's biggest synthetic fibre producer, Toray Corp, on Wednesday said its net consolidated profit fell by 6.9 per cent from a year earlier to 37.6 billion yen in the year to March. But Toray said group sales grew by 8.7 per cent to 917 billion
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    • Article
      Lock icon Competition, costs trim Sony's operating profits
      277 4 Reuter TOKYO Thin margins from tough price competition and higher-than-expected labour and distribution costs pushed electronics giant Sony Corp into lower operating profits, industry analysts said on Wednesday. "This year was very good for Sony," a Sony official told reporters. "Both group and net
      Reuter  -  277 words
    • Article
      Thai-Chinese firm among top 10 joint ventures in China
      645 4 SHANGHAI Ek Chor Motorcycle Co, a joint venture between the Chinese government and Jia Tai (C P) Group with a motorcycle manufacturing plant in Shanghai, has been named by Beijing as one of the top 10 joint venture companies in China
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    • Article, Illustration
      Lock icon Nintendo-compatible games allowed
      307 4 UPI SAN FRANCISCO A federal judge on Tuesday agreed to allow Atari Games Corp and Tengen Inc to continue marketing Nintendo-compat-ible video games while a copyright dispute with Nintendo of America is appealed. US district judge Fern Smith ordered a stay of her March preliminary injunction against
      UPI  -  307 words
    • Article
      Berdikari named nutmeg buffer stock managing agency
      434 4 JAKARTA The Indonesian government has assigned state-owned business group P P Berdikari to act as a buffer stock managing agency in the domestic trading of nutmeg to help improve the welfare of its growers, the Jakarta Post reported earlier this week. Minister for
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    • Article
      Lock icon New HK company all set to invest millions in China
      412 4 Reuter BEIJING A new international holding company is poised to invest millions of dollars in China's export-ori-ented industries in a major boost for economic reform. China Assets (Holdings) Ltd, a Hongkong company, has already privately placed its initial offering, raising
      Reuter  -  412 words
    • Article
      Padaeng wants stake in 8b baht caprolactam project
      572 4 BANGKOK Padaeng Industry Co of Thailand is seeking a stake in the 8 bil-lion-baht (***** million) Caprolactam project, the Bangkok Post reported on Tuesday. A share is reserved for a yet-to-be-chosen foreign company holding a licence. Padeang. however, feels that the foreign
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      42 4 \X4 7 In a wide range of colours, in a urietv of styles, all of exceptional quality )f Vv Available at leading department stores, pro shops authorised outlets. \S?K J [xV Sole Agent: MALAYAN TRADERS Tel: 747M124 F,ix: *****74 -ZS V S
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      Page 4 Advertisements Column 2
      70 4 A worldwide Marketing Research Company based in the USA is looking for a local partner for new investments and setting up a branch office in Singapore. If your company is a well-established marketing research company, please send the following information to P.O. Box 84-741, Taipei, Taiwan, before 1 June 1991
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Bass in for lower annual profits
      578 5 Weaker half-year results due to UK, US recessions and war Reuter LONDON Annual profits *at Britain's biggest brewer rf and the world's Number One hotelier Bass pic are set to slide, reflecting today's halfyear figures which were depressed by the UK and US recessions
      Reuter  -  578 words
    • Article
      Lock icon LA Gear falls victim to changing tastes
      303 5 Reuter LOS ANGELES LA Gear Inc, whose athletic footwear was a trend-setter in the 1980s, has fallen victim to changing tastes and a soft economy and may have to downsize to regain momentum, analysts and industry executives said. LA Gear on Wednesday said
      Reuter  -  303 words
    • COMPANY BRIEFS
      • Article
        Seagram forecasts higher operating income
        96 5 MONTREAL Seagram Co Ltd chairman Edgar Bronfman Sr told reporters after the annual meeting it is "fair to say we'll show a modest improvement" in first quarter operating income. The company last year reported first quarter operating income of Csls7 million (*****.5 million). For the
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      • Article
        Raytheon sees parity in 5 years
        89 5 LEXINGTON, Massachusetts Raytheon Co chairman and CEO Dennis Picard said the company expected about half of its profits to come from commercial business within five years. "Our five-year plan shows that we will achieve a rough parity in sales and profits between government and
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      • Article
        General Dynamics clarifies
        60 5 ST LOUIS General Dynamics Corp is not interested in acquiring LTV Corp's aerospace and defence subsidiary, chairman William Anders said. Mr Anders told analysts that General Dynamics may be interested in future acquisitions, but the LTV Aerospace and Defence Co, which was put up for sale this
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      • Article
        HP views '91 as a mixed bag
        72 5 NEW YORK Hewlett-Packard Co chairman John Young said he remains enthusiastic yet cautious about the company's financial outlook this year amid a slow economic recovery. "It's a mixed bag," Mr Young told securities analysts. "We see the US market as pretty weak." Mr
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    • Article
      Lock icon Booming tobacco sales set BAT's profits alight
      329 5 Reuter LONDON A big jump in tobacco sales fired analysts' enthusiasm for BAT Industries pic which earlier reported a 40 per cent rise in first quarter pre-tax profits to £223 million (Ss6Bl million). Nyren Scott-Maiden of Barclays de Zoete Wedd said: "It was
      Reuter  -  329 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      15 5 Lufthansa nonstop to Frankfurt, Europe, the World. 6 times every week. Lufthansa Reservations 737 9222
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      Page 5 Advertisements Column 2
      358 5 V j For the privileged few: Singapore's most exclusive golf membership. Throughout Asia the game of pro shops, hotels and car rental report lost or stolen cards •Up to golf carries a mantle of prestige companies. 3 weeks free credit Car rental unmatched in any other sport. And to help
      358 words
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  • FINANCIAL NEWS
    • SMALLCHANGE
      • Article
        Dai-Ichi in business tie-up with Lippo
        52 6 TOKYO Japan's Dai-Ichi Securities said on Wednesday that it had agreed to a business tie-up with Indonesia's PT Lippo Securities and was also considering investing in the Jakarta-based company. The agreement would involve listing Japanese companies on the Jakarta Stock Exchange and accepting trainees
        52 words
      • Article
        Amex cuts jobs
        67 6 AUCKLAND American Express International Inc, a unit of American Express Co, said it was shedding 72 of nearly 300 staff in New Zealand as part of a reorganisation of its South Pacific and South Asian region division headquarters in Australia. Some support services in New Zealand were
        67 words
      • Article
        Merger proposal
        45 6 CLEVELAND National City Corp said it is pleased that Ameritrust Corp has agreed to consider its merger proposal. Ameritrust said that it intends to evaluate National City's offer as one of "a number of alternatives", which also includes the option of remaining independent.
        45 words
      • Article
        Citibank's warning
        65 6 MANILA Citibank NA, one of the Philippines' biggest commercial creditors, has warned Filipino legislators against passing a law setting ceilings on domestic interest rates, a congressman said on Wednesday. The US bank's vice-presi-dent, William Ferguson, wrote to the House of Representatives expressing its "serious concern" over the Bill,
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      • Article
        Bid to improve results
        38 6 LONDON Insurance group Commercial Union pic said it was trying to hold claims, raise premiums and keep to strict underwriting standards to improve results. It earlier reported a £24.2 million first quarter pre-tax loss.
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    • Article
      BIL Asia posts record results in spite of difficulties
      369 6  -  By Diana Oon DESPITE "difficult banking conditions last year", Banque Internationale A Luxembourg (Asia) has reported record results for 1990, with pre-tax profit rising 29 per cent to $4.01 million. At a press conference yesterday, Jean-Donat Calmes, chairman of BIL Asia,
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    • Article
      Lock icon Tokyo shaken by leading banker's resignation
      369 6 FT TOKYO Japan's financial world was shaken yesterday by the resignation of a leading banker, Takeo Masuno, the president of Kyowa Saitama Bank, for his institution's dealings with a speculator group now facing trial on charges of share price manipulation. The resignation is the
      FT  -  369 words
    • Article
      Lock icon Non-accruals could rise further at BA
      272 6 Reuter LOS ANGELES Bank merica Corp's non-accruing assets could continue to rise if the US recession continues, the company said in its latest 10Q filing with the Securities and Exchange Commission. At March 31, 1991, Bank America's non-accruing assets, excluding assets related to restructuring
      Reuter  -  272 words
    • Article
      Lock icon Mastercard expects KL market to grow 60pc
      259 6 Bernama KUALA LUMPUR Mastercard International has projected its market in Malaysia to increase by 60 per cent this year. Its president for the AsiaPacific region, James Cassin, said on Wednesday that Malaysia was one of the strongest growth markets for credit cards in
      Bernama  -  259 words
    • Article, Illustration
      Lock icon SecPac expects high credit losses to continue
      399 6 Reuter LOS ANGELES Security Pacific Corp anticipates continued high levels of credit losses and increases in nonperforming loans, the company said in its latest 10Q filing with the United States Securities and Exchange Commission. "Any improvement is dependent on the timing and degree
      Reuter  -  399 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
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      117 words
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      Page 6 Advertisements Column 2
      297 6 BUSINES S T I M E S TELEPHONE: 730-3771/ 5-7 72/5773 FAX: 734-4982 We are an international Engineering, Construction. Project Development and Investment Group. Our Group is expanding its portfolio of related businesses through investment and acquisition of companies in Asia. Europe and Africa. We are looking for highly motivated.
      297 words
  • Page 6 Miscellaneous
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  • THE REGION
    • Article
      Asean panel gives nod to Nestle's network plan
      342 7  -  Food manufacturing projects in 5 countries From Al O Labita Jr in MANILA ASEAN trade officials have backed Nestle Switzerland's plan to put up a network of food manufacturing projects in five of the six Asean countries. Nestle's application was one of
      342 words
    • Article
      Lock icon Myanmar govt warns speculators
      169 7 UPI YANGON Prices have tripled since 1987 because of greedy capitalists and corrupt government employees, the military government said, warning that if the problems persist the perpetrators would be severely punished. Greedy businessmen, traders and speculators and corrupt government workers have caused prices to skyrocket, Maj-Gen
      UPI  -  169 words
    • Article
      Jakarta approves new investments worth US$5b
      308 7 JAKARTA The government licensed over 8.085 trillion rupiah (about U554.25 billion or 557.5 billion) and U*****.35 million, respectively, in domestic and foreign investments for 217 new and 60 expansion projects during the period of Feb 16 and April 15, The Jakarta Post reported on
      308 words
    • Article
      Chaises against woman said to be ex-envoy's daughter dropped
      429 7  -  From Geoffrey Harris in MELBOURNE INSIDER TRADING charges in Australia against a woman reported to be the daughter of a former Malaysian ambassador have been dropped. The woman, Yazni Sonia Ariff, and three men were arrested by Corporation Affairs Office investigators
      429 words
    • Article
      Lock icon Foreign investments in Vietnam at US$2b
      137 7 AFP HANOI The Vietnamese government approved a total of 253 foreign investment projects worth nearly US$2 billion (553.5 billion) between January 1988 and the end of last month, the Vietnamese News Agency (VNA) reported yesterday. The official agency said 92 of the projects were
      AFP  -  137 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
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      Page 7 Advertisements Column 2
      82 7 Europe is our strength Did you know that SAS provides service to all of Europe? It's true. Connecting through Copenhagen, SAS, together with our airline partners, serves every major city in Europe. Better still, we serve them with Euro Class style and efficiency. From in-flight and airport services to hotels
      82 words
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  • THE WORLD 1
    • Article, Illustration
      Lock icon Sonia turns down offer to succeed her slain husband
      474 8 Aftermath of Rajiv Gandhi's assassination Reuter NEW DELHI Italian-born Sonia Gandhi declined yesterday an offer to succeed her assassinated husband, Rajiv Gandhi, as leader of India's dominant Congress party. "I am deeply touched by the trust placed in me by the
      Reuter  -  474 words
    • Article
      Lock icon Britain's GDP down 0.6pc in first quarter
      400 8 AFP LONDON Britain's gross domestic product (GDP) fell 0.6 per cent in the first quarter of this year from the level in the previous three months for its third consecutive drop, the Central Statistics Office said on Wednesday. The preliminary seasonal-ly-adjusted figures gave
      AFP  -  400 words
    • Article
      Lock icon US Congress passes US$1.45 trillion budget
      204 8 Reuter WASHINGTON Congress has approved a US$l.45 trillion (about 552.56 trillion) financial year 1992 budget for the government on Wednesday, capping an unusually easy budget year. The budget requires no presidential signature, because Congress uses it to set spending limits on itself for the
      Reuter  -  204 words
    • Article, Illustration
      Lock icon Gorbachev says he needs US$100b to save perestroika
      519 9 UPI MOSCOW Mikhail Gorbachev indicated on Wednesday that he needed US$lOO billion (about S$ 176 billion) from the West to save perestroika and said it was a price worth paying to salvage his reforms. The Soviet president also told reporters that he
      UPI  -  519 words
    • Article
      Lock icon West finalising corelist of sensitive items
      407 9 It will replace present system controlling exports to communist bloc Reuter PARIS Western trade officials worked against the clock on Wednesday to finalise reforms which would streamline restrictions on exports of sensitive technology to the former communist bloc. A high-level meeting of the West's
      Reuter  -  407 words
    • Article
      Lock icon Trade between Taipei and Beijing up 37pc
      255 9 Reuter TAIPEI Trade between Taiwan and China soared 37.5 per cent from a year earlier in the first three months of 1991, fuelled by a 43 per cent jump in Taiwan's imports from the Chinese mainland. Economists predicted further rapid growth as political
      Reuter  -  255 words
    • WORLD WATCH
      • Article
        Arab states seek common investment rules
        72 9 DUBAI Gulf Arab states are considering unifying their investment rules in a bid to attract foreign capital. Khalfan Kharbash, investment chief at the UAE Finance and Industry Ministry, said the unification was in line with a Gulf Cooperation Council economic accord. "The new system
        72 words
      • Article
        Privatisation raises US$5b
        53 9 BERLIN Sales of former East German state assets have now breached the US$5 billion (about 558.84 billion) mark. The head of the Treuhand privatisation agency announced on Wednesday that of the 8,000 companies that came under its control a year ago, 1,660 had been sold so far,
        53 words
      • Article
        Big Apple faces financial crunch
        123 9 NEW YORK America's largest city said on Wednesday it was rapidly running out of cash and might have only three days before it brought out the begging bowl. Building contractors are being told they will not be paid for weeks. More than 7,500 city workers
        123 words
      • Article
        Smuggled cigarettes seized
        71 9 BEIJING Chinese customs agents confiscated more than 33,000 cases of smuggled foreign cigarettes in the first quarter, more than twice the number in the same period last year. The smuggled cigarettes were worth US$7.7 million (about S$ 13.6 million) and accounted for more than a quarter of
        71 words
      • Article
        EC curb on Japanese cars stays
        74 9 TOKYO The European Commission will likely maintain its limits on Japanese car imports for six to eight years after the 1992 European integration, commission vice-president Frans Andriessen said. Mr Andriessen, in Tokyo accompanying EC president Jacques Delors, said in an interview with the Asahi
        74 words
      • Article
        Cresson states main priority
        79 9 PARIS Prime Minister Edith Cresson, braving heckling and catcalls from conservative opposition legislators, said on Wednesday preparing France for prosperity within a single European market in 1993 would be a main task of her new socialist government. Looking passionate in a black-and-white suit, Ms Cresson, 57,
        79 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      446 8 Space Age Technology 111 -c c -c-r c -r--?- 11l < ill fcll Hi |l 1 J iB| jH^H Mitsubishi Heavy industries A Japan's Narita Airport, building district Mitsubishi Heavy Industries, Ltd has for ch L after district chiller for city after city. over 30 years, dedicated itself to the
      446 words
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      Page 8 Advertisements Column 2
      15 8 Lufthansa nonstop to Frankfurt, Europe, the World. 6 times every week. Lufthansa Reservations 737 9222
      15 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      145 9 TO YOU IT'S A LUXURY CAR... FORTUNATELY YOUR FINANCE COMPANY DOESN'T THINK SO! Many a competitor has complained, the HOLDEN VN Series has no business being in the low price range. But, that's what the HOLDEN is all about! Don't take our word for it take theirs! ELECTRIC REMOTE 4-SPEED
      145 words
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  • Article
    Pacific power-sharing
    459 10 EDITORIAL AS BEFITTED a conference on global challenge, questions were plentiful at the recently-concluded Pacific Economic Cooperation Conference. Perhaps the most searching and uncomfortable came from the meeting's opening keynote speaker, Prime Minister Goh Chok Tong. He started off by noting how this region's success had led many
    459 words
  • WHAT THE OTHERS SAY
    • Article
      Rajiv: a sacrificial victim
      205 10 THAT FREEDOM has a price was proved months into India's independence. A Hindu fanatic, blaming Mahatma Gandhi for allowing the country to be partitioned, assassinated the father of Indian independence. The assassination on Tuesday of former prime minister Rajiv Gandhi as indeed of his mother, Indira
      205 words
    • Article
      Lessons from the tragedy
      170 10 THE SHOCKING ASSASSINATION of former Indian prime minister Rajiv Gandhi is indicative of the serious problems facing India today. With a population of 850 million people, India is a divided nation with the majority Hindus and the Muslim, Sikh and other minorities unable to live together
      170 words
    • Article
      Worrying future
      149 10 THE VIOLENT DEATH of former Indian prime minister Rajiv Gandhi was as shocking to the world as the assassination of his mother in 1984. The elections that have been underway in India for the past few days were fraught with violence and corruption which forced the government to
      149 words
  • REGIONAL VIEWPOINTS
    • Article
      Let's remain awakened
      193 10 TODAY is commemorated by Indonesians as National Awakening Day. On May 20, 1908, a group of medical students in Batavia, the present Jakarta, established an organisation which they called Boedi Oetomo (Noble Endeavour). The decision to declare May 20 National Awakening Day was made in Yogyakarta in
      193 words
    • Article
      Allow the buds to bloom
      134 10 THE RECENT VISIT by Czechoslovakian Prime Minister Marian Calfa had a greater significance than the customary hand-shaking and flag-waving. Dr Calfa was one of the first prime ministers from the newly-liberated Eastern European countries to get a first-hand look at Asia's rapid-growth countries. Czechoslovakia, along
      134 words
    • Article
      A lasting solution needed
      180 10 THIS SEPTEMBER, a loud voice is likely to make itself heard on the issue of the boat people the voice of the Hongkong people, who have the biggest stake in finding a lasting solution to a problem the rest of the world has failed to solve.
      180 words
  • Article
    Searching for that elusive recovery
    1151 10  -  Florence Chong reports from Sydney on hopeful signs that the housing market Down Under has bottomed out Florence Chong THE Hawke Government pushed the official interest rate down by another percentage point last week, desperately hoping to stall the country from slipping into a deeper
    1,151 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      130 10 Bank Bumi Daya U*****,000,000 Loan Facility Lead Manager DG BANK Deutsche Genossenschaftsbank, Singapore Branch Co-Lead Managers Raiffeisen Zentralbank Oesterreich AG Westdeutsche Landesbank Girozentrale (RZB-AUSTRIA) Managers Banque Francaise du Commerce Exterieur, BAYERISCHE LANDESBANK GIROZENTRALE Singapore Branch Singapore Branch Bayerische Vereinsbank AG, DEUTSCH-UNGARISCHE BANK AG Hong Kong Branch DSL Bank Deutsche Siedlungs-
      130 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      63 10 DOONESBURY BY GARRY TRUDEAU okay, me PAFAPe mi siart ...unm, vowu putm wkby neN youu turn me battlc UPmOHUIAY IAT doe TTfUWS TO MAUdU FROM TOW CRUt€£ LlflAT JOHNNY RBtNACT FOR KHAN I YOUANPThC THEN YOU'LL. RS6ROUP. AHPAFTER HOltt ANP M£NT? UJ£6OTSOM£ > x BOYS MAROi POHJN TO TY. ACCt<*>
      63 words
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  • ANALYSIS
    • Article
      Lock icon Long haul seen in American economic recovery
      1046 11  -  Louis Uchitelle explains why the general feeling is that no burst of economic activity will follow the current US recession, unlike after other post-World War II recessions Louis Uchitelle NYT ASK a White House official, a member of Congress or a Federal Reserve
      NYT  -  1,046 words
    • Article, Illustration
      Rise of the Viet fourth estate
      1038 11  -  Harish Mehta finds a boom in publications in Vietnam boosting the employment and power of journalists there Harish Mehta THE Vietnamese press is alive and kicking sometimes. It is certainly visible on the pavements and the narrow bylanes of Hanoi, and on the bookshelves
      1,038 words
    • Article
      Deaf Japan against blind America
      677 11  -  The Economist says trade talks between Tokyo and Washington look set to make things worse The Economist THE obstinate meeting the implacable. By making only the pettiest of gestures to change the way its robust but tough home market works, Japan is goading America into
      677 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      74 11 ROLL UP THE POPIAHS! And you'll have a barrel of fun doing just that. We provide delicious popiah (spring roll) ingredients and you Do-lt-Yourself. We leave you to make them to any shape. Bring the family and friends for a rolling good time. Small Portions 12.00 Medium Portions $22.00 Large
      74 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      238 12 WHERE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE A PRINeESS ...now on Fridays and Saturdays Fn>m now on, our Chinese Porridge Buffet will be served only 011 Fridays and Saturdays from 10.30pm to 3.30 am but at the same old prices $11.00
      238 words
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      Page 12 Advertisements Column 2
      372 12 ***** PLUM'S iiiiiiiiii milium CULINARY MYSTIQUE FROM THE BALI SHORES From 25th May 2nd June, 1991 Plum's introduces the exquisite culinary custom's of the Balinese. Combining the flavourful regions of Indonesia, Bali's own has distinct character. Join us for this mystical experience. The buffet will Ik- available for lunch (except
      372 words
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      Page 12 Advertisements Column 3
      324 12 The Ist Jigsaw Puzzle Competition 26 May-30June It's a giant battle of wits. A real brain-teaser! Five consecutive Sundays of fun jointly organized by Plaza Hotel and! The Puzzle Shop. Join in the children's Individual Event (up to 11 yrs) or the Team Event (open to all). For just $12
      324 words
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      Page 12 Advertisements Column 4
      284 12 I VIVA ESPANA JU I The Belvedere brings you the savoury taste of sunny Spain. With over 60 traditional extravagant buffet in town! HLb|BB iW iniilNt d emftnr, H| m Orchard Road Singaporeo92l Tct 7)***** O I WflfiW J Mil [V I? An exciting experience awaits you at The Gazebo
      284 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      622 12 TELEVISION AND RADIO SBC« J.oolffi'-w -(wo !:Bc2?SJ?EKr business ON BADIO JNOthmg bllt t-h0 trutll S?#sL«rt.--nießeep, 811 W Tl>e BBC. 89.9 mHi in VHF Band II 6.30 PM CNN International (L). Beep, Beep 8 32 isvakPravcr Call 7.10 am, 9.25 am, 1.30pm, 5.30pm, 8-00 From the Pacific Rknn to the 10.45
      622 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Mitterrand to restore two grand gardens
      614 13 Francois Mitterrand has put Paris through another renaissance, in terms of his several beautification projects. But with the 'horror' of the Louvre Pyramid still fresh in their minds, Parisians view his latest scheme with dark foreboding The Economist FORGET the politique arabe or EMU.
      The Economist  -  614 words
    • Article, Illustration
      How This Chord strikes a chord
      733 13  -  Jennifer Lien reviews the Necessary Stage's latest offering Jennifer Lien UNIVERSAL, personal, almost cliched themes are given a refreshing treatment in The Necessary Stage's latest offering, This Chord and Others. Race, religion, friendship, mixed marriages and the generation gap are among the themes daringly
      733 words
    • Article, Illustration
      Cardin receives one of Japan's highest awards
      457 13 CHATTERBOX CLOTHING designer Pierre Cardin has received one of Japan's highest awards, the Order of the Sacred Treasure. Japanese ambassador Akitane Kiuchi gave the French entrepreneur-designer a medal known as the Star of Gold and Silver, citing Cardin's contributions in trade and artistic
      457 words
    • Article
      Wide range of styles and moods on offer
      225 13 Singapore Youth Choir's Farewell Concert AN AMBITIOUS mix of Mozart, sacred music and local compositions, of wide-ranging styles and moods, will be presented at the Singapore Youth Choir's farewell concert on Sunday. The choir, which leaves on June 18 for an 18-day
      225 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      206 13 AND ENTERTAIN High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. ii ANA HOTEL 16 NAViIM HILL. SINGAPORE 1025. TKL: 732 1222. SINCAPORE "piill your Happy Hours with X" the
      206 words
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      Page 13 Advertisements Column 2
      15 13 Lufthansa nonstop to Frankfurt, Europe, the World. 6 times every week. Lufthansa Reservations 737 9222
      15 words
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  • CORPORATE FOCUS
    • Article, Illustration
      Lock icon Huge joint effort needed to avert Soviet oil crisis
      728 14  -  Leslie H Gelb outlines how US and Soviet leaders, and oil firms can chip in to avert a Soviet oil crisis. In the accompanying report, Ann Imse laments the huge wastage caused by the Soviets' decrepit equipment Leslie H Gelb Ann
      NYT  -  728 words
    • Article
      Lock icon Valuable gas has nowhere to go but up in smoke
      722 14 AP O range torches light the sky above the vast Siberian swamp, wasting billions of dollars worth of gas the crippled Soviet economy desperately needs. "It's like foreign currency going up in flames," said Anatoly Loshakov, the city's mayor, referring
      AP  -  722 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      32 14 v I Decouvekte w/r A A A creative dinner menu of fifteen dishes, each served in tasting portions, for just $75.** a: -y r ■i f: f ai. •> OMNI HOTELS ASIA •PACIFIC
      32 words
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  • SPORTS
    • Article, Illustration
      Lock icon Two more seeds fall in Bologna ATP
      383 15 AP BOLOGNA Two more seeds fell in second-round matches of the U*****,000 (*****,500) Bologna ATP tournament as Brazil's Jaime Oncins and Italy's Paolo Cane upset Marian Vajda and Javier Sanchez, respectively, in straight sets on Wednesday. The unseeded Brazilian routed the No 7
      AP  -  383 words
    • Article
      Lock icon Pavin upbeat about Colonial chances
      310 15 AP FORT WORTH, Texas Corey Pavin has finished third, first and third in his last three starts on the PGA Tour. Realistically, he could have won all three tournaments. But, he said, it is not the best streak of his golfing life. "I like to
      AP  -  310 words
    • SIDE LINES
      • Article
        Johnson to run 100m in Spain
        71 15 GRANADA, Spain Canadian sprinter Ben Johnson will run his first 100 metres race on Saturday since he failed a dope test after winning the gold medal over the distance at the 1988 Seoul Olympics. Organisers of the international athletics meeting here said his rivals
        71 words
      • Article
        Shilton wants to manage
        83 15 LONDON Former England goal-keeper Peter Shilton hopes to move into management with second division Leicester City. The 41-year-old Shilton stepped down as goal-keep-ing coach to the England team on Wednesday and made it clear he would like the vacant Leicester job. Shilton began his career in
        83 words
      • Article
        Match to Wimbledon
        97 15 WIMBLEDON Wimbledon won a legal victory on Wednesday in its campaign to control the sale of tickets for its tennis championship, the club said. A company which had sued Wimbledon for the right to sell tickets to the Grand Slam event withdrew its suit and agreed to
        97 words
      • Article
        Faldo signs another contract
        78 15 LONDON British Open golf champion Nick Faldo on Wednesday strengthened his position as one of Britain's high-est-paid sportsmen by signing a 10-year contract that could earn him more than £5 million. The deal is with the Pringle of Scotland clothing company, with whom Faldo has already
        78 words
    • Article
      Lock icon Manchester United to go public
      265 15 Reuter LONDON Manchester United pic, which last week won one of Europe's premier soccer club competitions, kicked off an entirely new ball game when it announced plans for a share flotation yesterday. The club said it wanted a full listing on the London Stock Exchange
      Reuter  -  265 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      307 15 CITITECH INDUSTRIAL BUILDING Rising To Meet Your Needs Cititech Industrial Building is the latest industrial project to mark an area that is already a hub of industrial activity. Situated on freehold land between Aljunied Road and Soon Wing Road, this 8-storey building is conveniently linked to the other parts of
      307 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Shares gain ground with focus on M'sian counters
      4728 16  -  By Lilian Ang FOR THE SECOND DAY in a row, interest in the Singapore stock market focused mainly on Malaysian counters, with share prices closing generally higher on a broad front. There was, however, some selective bargain-hunting of local blue chips such
      4,728 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4067 17 Main Board Isetan 50* 745 +30 +4.2% F&N 920 +25 +2.8% DBS 1200 +22 +1.9% NatSteel >030 20 2.0% Semb Maritime 476 +16 f3.5% Keppel C Wrts 515 +15 +3.0% DBS Foreign 1300 +14 +1.1% F&N Wt 191 4-14 1-7.9% Keppel Corpn 795 +10 +1.3%
    4,067 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      252 18 Company Date Year Group Nat Nat earnings Gross ann to profit/loss (L) per sliare dividend ('000) (cents) PM Htdgs May 22 Dec 90 $3,320(16,412) 22.1(42.7) 10(10) Tat Lee Bank May 22 Dec 90 122,652(122.579) 13 1(14 4) 8(8) tat Let Finance May 22 Dec 90 $1,914($2,242) 106(12.5) 10(10)
      252 words
    • Article
      DIVIDENDS ANNOUNCED
      1415 18 Current Ex Books Data Total for Total for payment data dose payable the year last year Acma 5%TE Jun 5 Jun 17 Ml 10%TE Amal Steel 50c 10%(S) May 16 May 31 Jun 7 10% 126* Boustead 50c 5%(l) Apr 25 May 10 Jun 7 5% 15% Bausteadco
      1,415 words
    • Article
      RESULTS DUE
      978 18 Mam Board Last Full Year Company Period Date Year Net EPS Gross Not iranttj erxktf (cents) J* profit last year (WOO) C«etxn Interim Apr 27 Jul 91 12.6 200TE(a) 38,911 Spore Land Interim May 4 Dec 91 12.6 10 0 44.641 Van dor Hont Interim May 21 Sep
      978 words
    • Article
      PRELIMINARY RESULTS
      226 18 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) HK Tel May 22 Mar 91 HK$5.372d($4.643d) 45 4(39.1) 66(56) PMC May 20 Mar 91 M$51,044 ($42,553) 165(15 5) 242(182) PMRI May 20 Mar 91 M$12,116($6,709) 16.2(9.1) 15(10) SiA May 20
      226 words
    • Article
      INTERIM RESULTS
      178 18 Company Date Half-year Group pre-tax Interim ann to profit/less (L) dividend ('000) C&C May 17 Mar 91 549,453(546,270) 5(4) Goodwood Park May 17 Mar 91 514,753(515,208) 35(15) H Msia May 17 Mar 91 1313(11.725) 5(5) NST Apr 30 Feb 91 M543,849(537.114) 10(10) SPH Apr 26 Feb 91 5110.396(584.977)
      178 words
    • Article
      CORPORATE DEVELOPMENTS
      418 18 May 22 Metro Holdings Bhd has sold a construction subsidiary incorporated in Hongkong, Metrobilt Construction, to K W Ong Investment Holdings for $200,000. Singapore AirSnes disclosed that it paid $3m for a 10% stake in SASCO, a subsidiary of Singapore Aerospace. Singapore Technologies will join forces with the
      418 words
    • Article
      Warrants: premiums and gearing
      936 18 Prices as at 23.05.91 Conversion terms Premium/ Expiry (discount) Amount Optional** using issued Company (mil Wrts Share Loan Com Exer LnstK Cash Cash Loan Gearing Date Mths units) stock ratio price nom Stk. Left value s s CAC Wt 37.5 2 660 5 550 1 00
      936 words
    • Article
      APPROVED ISSUES
      296 18 Company Rights Issue Mean One-for-two M$100 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MJO10 each at M$1 per share with 10m detachable TSR on the bass of 1 CRPS with 1 TSR for every 4 CRPS Ex-date May 30 Books dose: Jun 13 Acceptance
      296 words
    • Article
      PROPOSED ISSUES
      492 18 Company Rights Issue Bolt or One-tor tour <o, MI2QQ per shaft Eu Van Sxif Twahw-one $105 per share H Leonf hd Twfr tor five MJ3 35 per share Issue of $28 07m 5% Redeemable Unsecured Loan Notes on the basis of II nominal amount of Loan Notes for
      492 words
    • Article
      BONDS, LOANS & WARRANTS
      758 18 BONDS, LOANS WARRANTS Cib»m> Cawwitaa pwtrt Cmmnkm tw» *w m^marj CtC Nt Before 26/4/93 1 warrant plus $3 09 cash Causeway Loan Causeway Nt 2/10/89 to 20/10/94 1 warrant phis $0 77 cash or 1 warrant plus $077 nominal amount of loan stock Chan Hn> Notes Churn fi« Nt March
      758 words
    • Article
      COMPANY MEETINGS
      213 18 Promet Bhd: 32nd AGM EGM at the Negara Room, Lower Lobby, Kuala Lumpur Hilton, Jalan Sultan Ismail, ***** Kuala Lumpur on Friday, May 24, at 11am. United Overseas Finance Ltd: 24th AGM at the board room of United Overseas Bank Ltd, 30th Storey, UOB Building, 1 Bonham Street
      213 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      36 18 FEATURE A TREE IN YOUR HOME You want some greens in your home but don't like the bother of live plants? Check out the HOME DECOR guide to buying the best fakes ONLY IN APRIL7MAY 91
      36 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market rises sharply to close at year's high
      4108 19 Bernama Reuter SUSTAINED buying support, with institutional inveslors switching to quality stocks, boosted the Kuala Lumpur stock market to its highest closing level this year. The KLSE Composite Index rose 18.81 points, or 3.2 per cent, to 611.57, its highest closing level
      Bernama; Reuter  -  4,108 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      334 19 BUSINESS TIMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF CREDIT LEASING (S) PTE LTD (In Members' Voluntary Lquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 10
      334 words
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      Page 19 Advertisements Column 2
      321 19 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF PALMEX INDUSTRIES (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 10 Lebuh Bishop ***** Pulau Pmang Malaysia on the 18th
      321 words
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      Page 19 Advertisements Column 3
      321 19 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF PALMCO (SINGAPORE) PTE. LTD. (In Members" Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 10 Lebuh Bishop ***** Pulau Pinartg Malaysia on the 18th day
      321 words
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      Page 19 Advertisements Column 4
      329 19 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF PALMINA (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 10 Lebuh Bishop ***** Pulau Pinang Malaysia on the 18th day
      329 words
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      Page 19 Advertisements Column 5
      313 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAUNSELL CONSULTANTS INVESTMENT (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 280<2)<b)) At an Extraordinary General Meeting of the Company held at 9 Penang Road *12-00 Park Mall.
      313 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks rise on talk of interest rate cut
      2229 20 Reuter TOKYO STOCKS closed higher yesterday. Buying by arbitrageurs, a sense that the market was bottoming out, and a rumour, later denied by a Bank of Japan (BOJ) source, that the discount rate would be lowered soon all helped propel prices higher,
      Reuter  -  2,229 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng down 47 points on failure of airport talks
      1970 20 Reuter HONGKONG shares yesterday recovered some of their losses through bargain hunting, with the Hang Seng Index rebounding from a 97.74 point morning plunge to close 47.83 points down on the day at 3,778.79. News of China's statement on abortive
      Reuter  -  1,970 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      29 20 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Tele rate Read chartpoint, a guide to investing in the stock market. Every Saturday in BT.
      29 words
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  • REGIONAL STOCK MARKETS
    • Volatile A$ sends Aussie stocks falling
      • Article
        AUSTRALIA
        765 21 FALLS IN leading Australian stocks yesterday pushed the local bourse lower due to nervousness created by a volatile Australian dollar. Brokers said the fluctuating currency, which fell to a low of U550.7553 in early morning trade, had sparked local selling. But one economist said the market reaction is short
        765 words
      • Article
        BANGKOK
        780 21 BANGKOK. share prices rebounded slightly in light trading on the Thai stock market yesterday amid profit taking. The Securities Exchange of Thailand (SET) index closed at 800.73, up 8.65 points. "Investors continued to sell shares when the session opened, causing the index to fall," said a broker from Mithai
        780 words
      • Article
        JAKARTA
        655 21 JAKARTA stock prices yesterday closed easier in active trading, with the index failing 3.20 points to 403.50. Total turnover was 6.82 million shares, against Wednesday's 8.25 million. Bank Dagang Nasional Indonesia again dominated the big board on volume of 2.45 million shares, closing 50 rupiah lower at 4,550. Bank
        655 words
      • Article
        MANILA
        564 21 PHILIPPINE shares yesterday slipped as investors used the US decision not to send Vice-President Dan Quayle to Manila for talks on US bases in the country as an occasion for profit-taking. The Manila Stock Exchange composite index declined 11.62 points to close at 1,166.75, down from its 17-month high
        564 words
      • Article
        NEW ZEALAND
        160 21 NEW ZEALAND share prices yesterday fell for the first time in more than a week in response to an upward correc- tion in domestic interest rates. "I think the debt market was the trigger for our market today, because that has been underpinning the share market recently," said
        160 words
      • Article
        SEOUL
        724 21 SEOUL share prices yesterday edged up in scant trading on the Korea Stock Exchange. The Composite Price Index of! the exchange gained 0.57 points to close at 624.89. Declines overwhelmed advances 388 to 192 among the 743 issues traded. Volume stood at 5.068 million shares valued at 70.016 billion
        724 words
      • Article
        TAIPEI
        343 21 TAIWAN share prices yesterday closed slightly lower after wavering in a small range as many investors stayed sidelined, waiting for a clear market trend to emerge. The weighted index closed at 6,158.17, 10.73 points lower than Wednesday's 6,168.90 finish. Turnover fell to a moderate NTSSB.6 billion from NT576.07 billion.
        343 words
      • Article
        BOMBAY
        55 21 BOMBAY Stock Exchange (BSE) share prices yesterday opened sharply lower as the market resumed after former Prime Minister Rajiv Gandhi was killed in a bomb explosion on Tuesday night. The BSE index opened at 1,295.40, down 25.14 points from Tuesday's close. The national index lost 8.97 to 642.88. The
        55 words
      • Article
        Untitled
        590 21 {'line Previous May 22 SYDNEY All Ordinaries Index 1533.1 1,539.1 -6 All Industrials Index 2398.1 2,409.4 -11.3 All Resources Index 874.3 876.5 -2.2 Turnover (million) 23.04 220.35 -197.31 BANGKOK SET Index 800.73 792.08 8.65 Turnover (million baht) 2.600 2,730 -130 JAKARTA Composite Index 403.50 406.70 -3.2 MANILA Composite Index 1,166.75
        590 words
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  • WORLD STOCK MARKETS
    • Dow finishes higher in slow trading
      • Article
        Untitled
        122 22 May 22 Close Previous NEW YORK Dow Jones 2,910.33 2.906.08 +4.25 NYSE Financial 150.33 149.61 0.72 SAP 500 376.19 375.35 0.84 Turnover (million) 159.31 186.9 -27.59 LONDON Financial Times 30 1,933.4 1,942.5 -9.1 FTSE 100 2,465.9 2,482.7 -16.8 Turnover (million) 459.4 422.6 36.8 AMSTERDAM CBS Tendency Index 93.9 93.3 +0.6
        122 words
      • Article, Illustration
        NEW YORK
        1335 22 STOCKS closed mixed on Wednesday in sluggish trading on the New York Stock Exchange, held back by weakness in bonds and the oil sector. The Dow Jones Industrial Average, which gained 13.86 points on Tuesday, extended its winning streak to three consecutive sessions, tacking on another 4.25 points
        1,335 words
      • Article, Illustration
        LONDON
        784 22 POSITIVE company news including profits of £3 billion at Britain's biggest company, British Telecom, helped to lift share prices yesterday. At 1145 GMT the FT-SE 100 share index had gained 10.2 points to stand at 2,476.1. A slight widening of Britain's current account deficit disappointed the market and prompted
        784 words
      • Article
        AMSTERDAM
        328 22 DUTCH shares yesterday stumbled hesitantly into action with prices hovering within a tight trading range. Trading volume was thin as the market was awaiting data on US imports, exports and durable goods, dealers said. The CBS tendency index opened unchanged at 93.9 before scaling upwards to 94.1 at 0900
        328 words
      • Article
        FRANKFURT
        320 22 BUOYANT BUYING from foreign and domestic investors on Wednesday propelled German shares 1.9 per cent higher to their highest closing level in nine months. The 30-share DAX index ended at 1,647.69, up 30.29 points from Tuesday. It has risen 3.6 per cent in the last four sessions. "People have
        320 words
      • Article
        PARIS
        131 22 FRENCH shares yesterday drifted down in calm midsession trade as the market gently sold off on the last day of the monthly trading account. Traders said the move was largely technical, as traders closed out positions before the account ends. They also said that a weak French bond market
        131 words
      • Article
        MILAN
        135 22 ITALIAN shares yesterday opened higher and remained up in early dealings, with Fiat shares staging moderate gains in a quiet trading market. Fiat ordinary, one of the first shares to be fixed, officially closed 49 lire up at 5,699, and then climbed further in kerb trading. The MIB all-share
        135 words
      • Article
        ZURICH
        271 22 SWISS shares yesterday opened slightly firmer as Frankfurt's stronger showing in pre-bourse trade supported sentiment. The SMI index of leading shares rose 8.2 points, or 0.49 per cent, to 1,697.6 in early trading. Brokers said money market rates, which were still below 8 per cent yesterday, also had a
        271 words
      • Article
        STOCKHOLM
        78 22 PRICES on the Stockholm bourse yesterday moved further down in cautious early trade, which dealers said was mainly due to continued profit-taking after Tuesday's dramatic gains following the link of the crown to the ECU. By mid-morning, the bourse general index had lost 0.57 per cent to 1,055.31 in
        78 words
      • Article
        JOHANNESBURG
        337 22 IN JOHANNESBURG gold shares eased in early trading yesterday in reaction to their recent strong gains, and as world bullion prices edged off their highs. But industrials were steady at their record highs. At 10:30 the JSE all-gold index had retreated to 1185 from Wednesday's 1200 close but the
        337 words
      • Article
        TORONTO
        216 22 TORONTO stocks closed on Wednesday flat in slow trade with sharp climbs in high-tech shares and mild gains in blue chips offsetting losses in heavily weighted Laidlaw Inc. Many equity players are still reluctant to commit cash to the market, dealers said. The composite index closed up 0.42 points
        216 words
      • Article
        BRUSSELS
        159 22 BELGIAN shares yesterday edged higher at the opening in thin volume on the first day of a new 14-day trading account. Several major shares moved ex-divi-dend, including oil company Petrofina, but dealers said prices of these stocks were holding up well. "There is a positive trend taking into account
        159 words
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      31 22 Difficulty in getting a copy of Singapore Business, Her World, Go, Home Decor, Young Parents? Call our Hotlines 740-1839, 740-1840 for locations of nearest newsstands. Innovation Technology in BT on Tuesday
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback firmer against mark and yen in lacklustre trade
      1207 23 REPORTS Tokyo: The dollar closed firmer against the mark and the yen in Tokyo after another day of dull and thin trade with much of the market sidelined yesterday. The dollar closed at 137.95 yen and 1.7250/55 marks against 137.77/87 and
      1,207 words
    • Article
      INTERBANK FOREX RATES
      389 23 Cross rates May 23 USS SS MS Dm Yen SFr AS NZS USS 1.7715 2.7585 1.7240 138.05 0.5794 1.4620 1.3141 1.7153 SS 0.5645 1.5572 0.9732 0.7793 0.3271 0.8253 0.7418 0.9683 MS 0.3625 64.22 0.6250 0.5005 0.2100 0.5300 0.4764 0.6218 Dm 0.5800 1.0276 1.6001 80.08 0.3361 0.8480 0.7622
      389 words
    • Article
      MONEY MARKET
      548 23 Interbank rates SS Bid Offer Overnight 5 3/8 5 1/2 1-month 5 1/4 5 3/8 2-month 5 5/16 5 7/16 3-month 5 3/8 5 1/2 Overnight mode: 5-1/8 US$ Bid Offer 7 days 5 7/8 6 1 month 5 7/8 6 2 months 5 15/16 6 1/16 3
      548 words
    • Article
      Lock icon Australian dollar falls to a six-month low
      335 23 AFP SYDNEY Prime Minister Bob Hawke yesterday welcomed the Australian dollar's tumbling to a six-month low, a slide orchestrated by the nation's central bank. The Australian dollar closed at 76.05 US cents yesterday, more than two cents below its Tuesday level of 78.15
      AFP  -  335 words
    • Article
      Lock icon Treasury note auction goes well
      272 23 NYT NEW YORK An auction of U5512.25 billion (5521.7 billion) in new two-year Treasury notes went well on Wednesday, but after the results of the sale were announced, traders responded by selling longer-term notes and bonds. The new notes were sold at an average yield
      NYT  -  272 words
    • Article
      FINANCIAL FUTURES
      1133 23 S1MEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jun 91 93.93 9193 9192 9193 34<X) ***** 2779 Sep 91 93.73 93.74 93.72 93.73 6500 ***** 9234 Dec 91 93.23 93.25 93.22 93.24 4000 ***** 2025 Mar 92 93.05 93.07 93.05 93.05 3000 6839 974 Jun 92
      1,133 words
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  • COMMODITIES
    • Article
      Lock icon Indon cocoa output likely to rise but quality a concern
      369 24 Reuter JAKARTA Cocoa production in Indonesia is likely to rise as more trees start bearing fruit, but growers must produce better beans if they want to increase their share of the world market, industry officials said. The Indonesian Cocoa Association
      Reuter  -  369 words
    • Article
      Lock icon Inro to adopt some buffer stock recommendations
      300 24 Reuter KUALA LUMPUR The International Natural Rubber Organisation (Inro) council has adopted some of its London consultants' recommendations aimed at improving its buffer stock operations, Inro said. But in a statement issued at the end of a two-day council meeting, Inro did not
      Reuter  -  300 words
    • Article
      Tin price falls 16 sen to M$15.26 per kg
      792 24 REPORTS THE price of tin declined 16 sen to M$ 15.26 per kg in easier trading on the KLTM yesterday. Dealers said the easier market was in line with lower LME prices which fell to fresh-session lows overnight, although the market
      792 words
  • Article
    PRICES
    1377 24 Rubber May 23 HAS (fob in bates) S cents/kg Noon Close Int 1 RSS Prompt 143.75/I44.75N 143.75/144 75N Int I RSS June 91 145.75/146.25 145.75/146.25 Int 1 RSS July 147.25/147.75 147.25/147.75 Int 2 RSS OP 142.50/144.50N 142.50/144 50N Int 3 RSS OP 138.50/140.SON 138.50/140 50N Int 4 RSS OP
    1,377 words
  • Page 24 Advertisements
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      1222 24 BUSINESS TIMES TELEPHONE: 730-3771/5772/5773 FAX: 734 4982 FORM 69(3) NOTICE OF INTENDED DIVIDEND Name ol Company CHUNGCO ELECTRONICS PTE LTD (In Creditors' Voluntary Liquidation) Address ol Registered 9 Penang Road #12-00 Office Park Mall Singapore 0923 Court No. of Matter Last Day For 14 June 1991 Receiving Proofs Name of
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      Page 24 Advertisements Column 2
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1089 25 City Flight ETA FHgttt ETD Abu Dhabi GA976 0010 GA890 0150 GA970 2245 Adelaide QF7 1815 Amsterdam SQ23 1815 GA890 0150 KL835 1415 KL836 2215 SQ23 1815 SQ24 2200 KL838 2240 Athens SQ45 0750 SQ24 2200 0A471 2205 Auckland NZ35 1550 BA11 1255 SQ338 2030 SQ325
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  • THE TRAVEL PAGE
    • Article, Illustration
      A graveyard for vehicles
      535 25  -  LETTER FROM KUWAIT By Simon Cameron-Moore THE dodgems are still in the deserted amusement park. If they had fuel they would probably be gone, like the thousands of real vehicles stolen or wrecked during seven months of Iraqi occupation. Smashed and stripped cars, vans, trucks and
      535 words
    • Article
      MONEY CHANGER RATES
      152 25 As at 3pm yesterday; Ixtcal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.340 1.360 Canadian dollar 1.527 1.547 NZ dollar 1.0200 1.0500 Sterling pound 3.040 3.060 US dollar 1.7660 1.7760 Local dollars to 100 units of foreign currency Austrian schilling 14.40 15.40
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      78 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td May 25-29 International Milan Associasione *****64.282 June 2nd International Centra Instituto ($41)*****40 Electrotechnics Intel 5-11 Exhibition On Municipal de Argentino del Electronics Packaging Exposiciones, Envase Buenos May 27 to International Barcelona. Foire de ********** Aires June! Informatics
      78 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      40 25 Zurich fly to Europe with Finnair. (And the not so well-off too.) Because Finnair flies a superb twice-weekly route from Singapore to Helsinki and then over 30 European destinations. Call *****77 for details. We know Kurope from start to Finnish.
      40 words
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      Page 25 Advertisements Column 2
      145 25 BANKING, FINANCE 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 topics
      145 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      307 25 1 This can bring cricket to end all too soon (11) 9 Underground pipe (4) fio 10 Humour, even, as an aid to bricklayers (6-5) 11 Escape from scuffle 14 Reading "A Country u 16 Eve's hip dislocated makes her irritable (7) 1^ 17 Will's extra horseman 18 Long song
      307 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      213 25 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Forecast Maximum temperature 31.0 Assoc humidity 78% Minimum temperature 25.5* C Assoc humidity. 91% Hours of sunshine 6.05 Rainfall in mm Nil Rainfall this month 232.1 Rainy days this month 16 World forecast Asia-Pacific Hi/Lo* Cond. Auckland
      213 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      49 25 Ars p* OF Twe r&\ LAP/ AND TMC\ QdlsToCT- THISVNKUTVIOPSECA V ue-S J OJPBOftRP MY FQOW J OP SIR RCG'MALP V I cwtsTej?- Pefcey is scurrilousM (%o rZi™y you CPN'T GET AuJP>y UJiTU THIS J (SEZ. \jJKO? h< i V s GQS?e,L— y EVENING STANOARO CO LTO IMMMI 8432
      49 words
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  • Article
    Locals in global power-plant bid
    318 26  -  Tenders for multi-million dollar power plants in the Philippines From Harish Mehta in MANILA TWO Singapore companies are locked in a global competition to build multi-million dollar power plants in powerstarved Philippines, and the bids now being evaluated are due to be awarded by the
    318 words
  • Article
    Lock icon IMF expected to delay loan to India
    186 26 Reuter NEW DELHI India faces a severe financial crunch because the International Monetary Fund (IMF) is expected to delay a much-needed loan of US$2 billion (about 553.54 billion) after Rajiv Gandhi's assassination. The death of the former prime minister in a bomb blast
    Reuter  -  186 words
  • Article, Illustration
    Former official residence of CJ for rent
    289 26  -  By Lee Han Shih HERE IS a chance to live in grand style. First, set aside $20,000 to $40,000 a month to rent this spectacular colo-nial-style house in Nassim Hill next to the Botanic Gardens. Then look for three gardeners to take care
    289 words
  • Article
    US companies told: Try harder in Asia
    269 26  -  By Chuang Peck Ming AMERICAN businessmen can find a market in Asia if they will only try, Robert D Orr, the US Ambassador to Singapore, told a trade conference in Chicago on Wednesday. And if they do not, they are going to miss
    269 words
  • Article
    Lock icon World Bank warns of disturbing developments
    366 26 AFP TOKYO The World Bank warned yesterday that after a decade of impressive growth, Asian economies now face disturbing developments, including a slowdown in structural reforms and growing political tensions. "These concerns temper our usual optimism," said vice-president Attila Karaosmanoglu, noting the "increasingly ominous
    AFP  -  366 words
  • Article
    Lock icon Most forecasters expect US recovery in five weeks
    405 26 AP WASHINGTON Almost three-quarters of America's top economic forecasters predict the recession will be over in five weeks, but nearly all say the recovery will be weaker than usual, according to a survey released yesterday. "The US recession is almost over," said
    AP  -  405 words
  • Page 26 Advertisements
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      44 26 Nikon The World's Finest Photographic Systems NOW OPEN AT UI C BUILDING Seep in the Fine foods from an eclectic selection; v Cantonese, Sichuan, Peking, JHgHL Tcochew, including tempting noble House (1110 Restaurant TUNG lOK GBOUP Of RtSTAUBANTS Sh«>nt«m Wa>. I'IC Building l-evel <». flj^^jjj^^jjjjj^^
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      Page 26 Advertisements Column 2
      202 26 Nikon The World's Finest Photographic Systems IjThisyearimost input*l I I m nar I I High return income earning T Seminar Details H I property in the second fastest Dat May 25 and 26 I growth area in Australia (Saturday and Sunday) I HI Tims: 10am to spm each day. The
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      Page 26 Advertisements Column 3
      9 26 Long haul seen in American economic recovery-, Pg 11
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  • ShippingTimes
    • Article, Illustration
      Steamers' airfreight venture plans regional expansion
      471 27  -  By Rahita Elias STEAMERS Maritime's new-ly-acquired airfreight venture has plans to build a strong network of offices in the region next year. Chung Chee Kit, Steamers' executive director of business development, told BT yesterday that Amerford International Freight, to be renamed Steamers EmoTrans, will
      471 words
    • Article
      Lock icon Still no accord reached on Hongkong airport project
      507 27 Reuter BEIJING Talks between Britain and China ended without agreement over a new airport for Hongkong, raising the question of who is to make decisions for the British colony before 1997, when it is handed back to Beijing's control. "We've had five
      Reuter  -  507 words
    • Article
      Lock icon Senators call for partial privatisation of Air France
      439 27 AFP PARIS Private investors should be able to buy some of the equity in Air France, and governmental policy on airline competition in France is "contradictory", a French senatorial commission found on Wednesday. The Senatorial Control Commission, created in December last year
      AFP  -  439 words
    • Article
      Lock icon North Atlantic trades set for major shake-up
      312 27 Lloyd's List LONDON Comprehensive realignment in the highly competitive North Atlantic trades is now understood to be imminent. ACL and Hapag-Lloyd are set to announce major changes in their transatlantic operations. Reports are rife that Japan's biggest shipowner NYK and ambitious South Korean
      Lloyd's List  -  312 words
    • Article
      Aerospares Shannon opens sales office here
      397 27  -  By Magdalene Phang AEROSPARES Shannon, a newcomer to the aerospace industry, has joined the growing number of aircraft-related companies which are sinking their roots here. The subsidiary of Dublinbased Aerospace Industries, encouraged by growing sales in the Asia-Pacific region, opened a sales office in
      397 words
    • Article
      Lock icon KLM's net loss lower than forecast, no news of dividend
      244 27 Reuter AMSTERDAM KLM Royal Dutch Airlines reported on Wednesday a 630-mil-lion guilder (US$554 million) net loss for the year to March 31 from a 340-million guilder profit a year earlier. The company gave no details of its dividend. The loss
      Reuter  -  244 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        Chinese plane veers off runway in Xiamen
        80 28 HONGKONG A Boeing 737 owned by China's Southwest Airlines veered off the runway on landing at Xiamen in south-east China, causing the airport to be temporarily closed, the Beijing-funded China News Service (CNS) said. The agency, monitored in Hongkong, said no injuries were
        80 words
      • Article
        Hyundai ships cars to Bulgaria
        87 28 SEOUL South Korea's largest car maker Hyundai Motor Co Ltd shipped 315 cars, mostly Excels and Sonatas, to Bulgaria from the south-eastern port of Ulsan. A Hyundai Motor spokesman said Hyundai early this year reached agreement on the shipment with Vegabalkan, a procurement company for
        87 words
      • Article
        US seizes Chinese ship
        77 28 ANCHORAGE The US Coast Guard chased, caught and seized a Chinese ship on Wednesday for alleged illegal fishing in exclusive US waters west of Alaska, the second such incident in five weeks involving a vessel from China. The Coast Guard Cutter Yocona spotted the 102-m Bai
        77 words
      • Article
        Delta buys jets from Air Cananda
        70 28 v if ATLANTA Delta Air Lines said it purchased six Lockheed LlOll-500 long range tri-jets and related spare parts from Air Canada for an undisclosed price. Delivery of the aircraft to Delta begins in August 1991 and is expected to conclude by late summer
        70 words
      • Article
        Mazda to export new coupe
        55 28 TOKYO Mazda Motor Corp will export a completely new two-door sports coupe called the MX-3 to the US and Europe, a Mazda spokesman said. Mazda hopes to export the car at monthly rates of around 3,000 to the US this autumn and at just under
        55 words
      • Article
        More drilling in Gulf of Mexico
        76 28 HOUSTON Offshore drilling activity increased last week in the Gulf of Mexico, contributing to the highest worldwide rig utilisation rate since late January, industry monitors reported. A net increase of two rigs under contract in the Gulf of Mexico boosted the area's offshore rig
        76 words
    • Article, Illustration
      Lock icon A question of overwriting
      1013 28  -  Last week, Lloyd's ordered three syndicates to cease accepting new business for the 1991 account, although the overwriting in question took J Mace in earlier years, im Mulrenan reports Jim Mulrenan Lloyd's List THE catastrophes of the last few years and worries about the growing numbers
      Lloyd's List  -  1,013 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      569 28 May 20 Carbon DensityWater Residue Ash Atumnun Sediment M/M Exxon KG/M*3% V/V M/M M/M PPM method tSO/Cimac hmts Spec E25 ***** I?0 olo 30* 010* Spec G3S 9911.0 18 0 0.15 30* 010* Northern Europe 180 Ave ***** \Tl 006 9 002 180 Mai 9932 0
      569 words
    • Article
      DAILY FREIGHTS
      1519 28 FREIGHT market sentiment on Wednesday was boosted by steadier rates and talk major grain charterers will soon appear in the market, brokers said. Although there is still confusion about the size and conditions of the credit facilities that will be given to the Soviet Union shortly, the re-emergence
      1,519 words
    • Article
      THE SHIPPING GUIDE
      11889 36 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
      11,889 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        622 43 Vmsa Voy No Berth Arm* Departue Vessel Voy No Berth Arrival Depart™ Keppei Wharves G Enterprise 004 K34 alongside 2505/2300 Kota Benar E 899 K32 alongside 23.05/1800 Kota Maiu E-898 K31 alongside 29 05/2300 hn Feng 91/5 K32 2305/2030 28 05/0600 La Riota 37EB C10 2405/1630 25.05/2359
        622 words
      • Article
        CONTAINER SCHEDULE
        1392 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From Ad Goncharov 28SI91 25/1500 1 23/1500 23/1659 23/1900 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 Atkaid 902 25/1700 2 23/1700 24/0659 24/0900 3 24/0700 24/1159 24/1400 4 24/1200
        1,392 words
      • Article
        IN MALAYSIAN PORTS
        261 43 Penang Port Berth in Butterworth on May 24: 1: Sammi Blonde; 2: Wu Tai Shan; 3: Sang Thai Ceramic; 4: nil; 5; Sea Glory, 6: Eagle Wind. Penang Wharf: NB Cipta Raya; CB Bintang Mekar; SB: HMS BCT: Bl: Yang Cheng Hu; Bl: Anangel Fortune; l/B: Barge
        261 words
    • Article, Illustration
      Lock icon US shipping industry split over capital construction fund
      487 44 Reuter NEW YORK A multi-bil-lion-dollar tax break for shipowners is at stake in a dispute that has split the US shipping industry, divided federal agencies, and could affect shipbuilding subsidies around the globe. US shipowners are angered by a vote by 10
      Reuter  -  487 words
    • Article
      Lock icon Iran says that Canadian tanker caused spill near Bandar Abbas
      254 44 UPI ATHENS Iran charged on Wednesday that a Canadian oil tanker was responsible for a huge oil spill in the Gulf, which threatened the port of Bandar Abbas for three days, the official Islamic Republic News Agency said. A sudden
      UPI  -  254 words
    • Article
      Lock icon Shell forms Czechoslovakian subsidiary
      178 44 UPI LONDON The Royal Dutch/Shell Group on Wednesday announced the formation of a Czechoslovakian subsidiary, whose early objectives will be to set up a network of gasoline and car service stations. Shell Czechoslovakia AS. based in Prague and with a branch office in the southern city
      UPI  -  178 words
    • Article
      EAC plans to more than double bulk cargo fleet
      420 44 COPENHAGEN The East Asiatic Co (EAC) intends to more than double its fleet of bulk cargo vessels to at least 50 ships over the next few years. The Copenhagen-based company plans to acquire both tanker and dry cargo tonnage to exploit
      420 words
    • Article
      Lock icon Toyota may sell US cars in Japan if asked
      217 44 AP TOKYO Toyota Motor Corp, Japan's largest automaker, is ready to consider selling US cars in Japan if such a request is made, a company official said on Wednesday. Kimiaki Kuroki, a Toyota spokesman, said the company is already negotiating with
      AP  -  217 words
  • Page 27 Advertisements
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      299 27 SSWfE HBK METAL CO PTE LID tl TUA3 AVE 14. SIMOAfKMC MM. TELE* RS K»T» SMMCW. TEL: Ml Tiurumaw jd\j vhv hMtmgual UXt tcon nn g&jmms» sssl ms Adfli IfU HUM Bacttc torktft 181 HtnjkjAUll);) •owiim BPi //ffl|d^Hk T«*M IMUnM. MALAYSIA riUHAMB, MOMMA CCH 9MM ConlMrvw ind j|y|| tjg •M(*nNTiwlif«MMi
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      Page 27 Advertisements Column 2
      29 27 Container Schedule 17 Daily Freights 2 Index to Advcrfeere 3 Shipping Gude 10.11 Stops in Port 17 Singapore Tides 17 Veritas Report 2 Weather and Sea Condi bom 17
      29 words
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      2297 29 *mmrn JAROINE SWmNG AGENCIES MM Cantonment Road #12-05 South point, Singapore 0208 \lllFr *****11 telex no rs ***** ifmnfi terminawcfs th *****1s 220 BOOKINGS TH *****34 258 L VWw M pesaka jaroine shipping agencies fORT KELANG TEL: *****18 TELEX NO. MA*****/MA***** PENANG TEL *****4 TELEX NO MA***** CFS TEL *****6
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      Page 29 Advertisements Column 2
      1215 29 MDEX TOfIDVERTKERS Page Col Page Col A I ~~1 ABC Containcriine 12 I M+ R Frwdg 13 1/2 Accord Group 8 1-3 Mac-Nels Agencies 14 1/2 AFS 15 2 Macoline 18 3 Ahrenkiel Liner 16 4 Madju Sdn Bhd 15 1/2 Allied-Link 16 4/5 «MaerekLine 3 4/5 Anglo Orient 16
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      Page 29 Advertisements Column 3
      2108 29 ■□BESssanza TWO SAILINGS PER WEEK TO USA SINGAPORE/TACOMA 18 DAYS ETD WEEKLY TUESDAY AND WEDNESDAY SINGAPORE/LONGREACH 19 DAYS Vasael Voy ETA I ETD "Port "Penang DESTINATIONS Singapore Kelang Tt*» <M> Marti Maarak 8106 Faadar by CV 26/5 oaoo MRS Pinto WKM HHI Hi CfS 27/5 2358 HBS OAK LG6 MOU
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      Page 30 Advertisements Column 1
      1221 30 Irotteoam/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE '^B^Bt TOKIO EXPRESS 99/120 23/5 13/6 11/6 10/6 KAMAKURA 17/320 25/5 11/6 13/6 16/6 17/6 Wl|g|Wl KASUGA 15/121 30/5 20/6 16/6 17/6 1. AIL WESTBOUND P. MONTE ROSA 13/321 1/6 19/6 21/6 24/6 25/6 KjUwt* KW**W CARSO ELBE 05/122 6/6
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      Page 30 Advertisements Column 2
      591 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISLA FLOREANA 2208E 31/5 11/6 13/6 19/6 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. APIA NUKUAIOAFA DIRECT CHILE SERVICE SIN lOQ ANF VAP CLX SAI (PERU) ISLA FLOREANA 2208E 31/5 1/6 3/7 6/7 8/7 9/7 Agents tllli. SINGAPORE: *****11 >
      591 words
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      Page 30 Advertisements Column 3
      1526 30 SBiiagia REGULAR INDEPENDENT FULL CONTAINER SERVICE w£ST66UND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT Fa LHA (VU (VIA (VIA ALG) HAM) ROT) NORASIA PRINCESS 9111-3 24/05 13/06 14/06 17/06 IS/06 19/06 20/06 21/06 22/06 JAPAN SEA 112KV 31/05 20/06 21/06 25/06 26/06 27/06 28/06 29/06 30/06 NORASIA
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      Page 31 Advertisements Column 1
      2067 31 ~gSteamers Maritime Holdings Ltd W4 P&O I prW STRAITS SHIPPING I Containers SSST"* Vey No +hn/ fW S port Wj Sou Ant Rot Hbj DUE SAILS TABLE BAY 0524 11/95 20/95 25/05 11/OC 13/00 15/00 S LCXA MAERSK 9100 25/05 27/05 20/05 13/00 10/00 17/00 10/90 ta M u,, NEWfOOT
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      Page 31 Advertisements Column 2
      2223 31 TO: U.S.A./PANAMA FM: U.S.AJPANAMA V OAK LGB CRI FOB SAV IM MC NYC NO« SAW CHI IGB OAK CHOYANG PARK If 120 25/5 19/S 21/6 30/ C 5/7 C/ 7 7/7 */7 CMO VANG SUN WA 115 10/4 12/4 14/4 19/4 21/4 29/ A 1/C AMERICAN SENATOR EFI2I 1/C 2«/S
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      Page 31 Advertisements Column 3
      383 31 W//MI i/HI ifo j STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS vessel I vor sp Tfii Tkuc [m COSMO MEa 3 "5/5 "27/5 GRACE LUNA 4 "25/5 "27/5 KOU SHUN U "5/5 HJs H/5 COSMK CHALLENGED 7 "5/5 cosmk mm ii "5/5 i/i 1 sou pwe "30 li/5
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      596 32 SB CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSI/VOY rS PORtl ROAM/ADAM H BURG BREMtN ANTWERP \Ur ARAM, 29M8 20/6 22/7 27/7 31/7 3/8 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO SubJcct to Inducement. Alto accepting cargo to Caseblanca. Port Said. Port Alexandria. Genoa. Trieste. ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL
      596 words
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      Page 32 Advertisements Column 2
      973 32 ®J& jfe i$L HANJIN SHIPPING RTM ANR HAM BRV FEL I FEEDER VSI J SIN LINE HAUL LGB OAK HANJIN CHUNGMU 078W 31/5 19/6 20/6 21/6 21/6 22/6 23/6 HANJIN VANCOUVER 005E 26/5 WRECT 17/6 20/6 HANJIN LONGBEACH 033W 4/6 22/6 23/6 24/6 24/6 25/6 26/6 IHANJIN LEHAVRE 013E 3/6
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      Page 32 Advertisements Column 3
      1332 32 mmiH4z\t\z\4dim |e glwy Rf 049 ZZ ZZ\ZSSZ Z Z Z Z ZZSZZZ ZZ?• mZ sr.ll t GRACE 031 5/1 C/C 11/1 12/t 14/1 17/ C 11/1 21/ C 22/« 23/1 2«/ l 5/7 17/7 19/7 »/7 21/7 31/7 31/7 1/1 3/1 M/l 21/1 2t/l 3/1 I E GLEAMY K-033 12/*
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      Page 33 Advertisements Column 1
      2055 33 NEPTUNE AGENCES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: NEPTUNE LINK TEL: *****00 USA SERVICE-*****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 I_ AUST/INDIA/PAK SERVICE *****18 CFS: K27 EXPORT: *****53/*****04 Kfl£ FAR EAST SERVICE-*****48 CFS: K27 IMPORT: *****69/*****50 fiK NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33, P.
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      Page 33 Advertisements Column 2
      965 33 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) FULL CONTAINERSHIP SERVICES DISCHARGING FROM EASTBOUNO LOADING FOR WESTBOUM) TRANSHFftD AT ROTTERDAM yfssfis |m* ["Sg ~soy [So |»g fiwv
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      Page 34 Advertisements Column 1
      1611 34 K 4 4 AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W v TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 KJ MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD I JL vLi Mljm JL X MZJ TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 ■■■i KAWASAKI KISEN KAISHA LTD
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      Page 34 Advertisements Column 2
      1201 34 ym PHIII-OMCNT LIN€S PT€ LTD 108 ROBINSON ROAD #07 00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69/?*****0 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 2^A^ONT?SnnAW^SRONTO^^^^ VANCOUVER, S'WESTERN ONTARIO. 27 MAY DUBAI. DAMMAN. SHARJAH. DOHA,
      1,201 words
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      Page 35 Advertisements Column 1
      1582 35 •SSSsO'' PACIFIC INTERNATIONAL LINES (PTE) LTD SSSS* B tm JBBI PIL Building, 140 Cecil Street #03-00, Singapore 0106. [JAKARTA [BANGKOK 1 VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN BUNQA TERATAI 213 26/5 28/5 2/6 KOTA PANJANQ 9115 25/5 28/5 1/6 UAJAPAHIT 9108 27/5 30/5 KOTA BINTANQ 9115
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      Page 35 Advertisements Column 2
      729 35 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m 3*% Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Alaa 158 ln_Pt 10/6 11/6 14/6 Nedltoyd Hoofn' 156 26/5
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      Page 35 Advertisements Column 3
      246 35 BEN ASIA CONTAINER SERVICE S'pore B'kofc Incmity VI34N 24-25 May 28 29 May Pejasus Profrcu V669N 29-30 May 1-2 Jun Inienuity VI3SN 31-1 Jun 4-5 Jun Petatus Progress V67OW 5-6 Jun 8 9 Jm General Agents: Tel: *****22 Ben Line Agencies (S) Pte Ltd Fax: *****63 (National Carrier of Jordan)
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      Page 35 Advertisements Column 4
      523 35 Mfc MYANMA FIVE STAR UNE vv (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gd| PATHEIN VUIW In Pt HPA-AN VI63W 30/1 lun PAGAN VIO7W 8/10 Jun THE BANK LINE (A tervice ot Andrew Weir Shipping) SEMI-CONTAINER SERVICE \1 HEAVY LIFT CAPABILITY I EXPRESS TO PAPUA
      523 words
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      Page 38 Advertisements Column 1
      685 38 TO AUSTRALIA/NEW ZEALAND Wt fsii |Fr*m jlMti [jyd Auck NP€ t CHAIM ■Ml ?71 31/5 t/S H i IS/» 20/6 22/t 24/« C «R(XME 272 14/6 20/6 25/6 29/6 4/7 7/7 mnrai 273 TTT® 577 »/7 13/7 u/7 22/7 24/7 MARTHA 275 2/S 9/1 13/1 11/» 24/1 26/» 28/8 TO
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      Page 38 Advertisements Column 2
      1040 38 BMBaBHNiH STRAITS FEEDER StRV.CE OUTBOUNO VOY PKL PNG JKT SIN HKG KAO KEE TYO SM2 NGO HOB II VESSEL VOV I SIN |PKL PNC BLW SW CALIFORNIA CARRIER 56 *25 5 23 528 5 l.fi 4.fi 7.6 16 16 EQUATO> PWi 93A_ 25_5 27_5 305 TSTrOSE u 1 6 **27.5
      1,040 words
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      Page 38 Advertisements Column 3
      1385 38 "to t® ffi 1 CHINA OCEAN SHIPPING COMPANY COSCO FULL CONTAINER LINER SERVICE TELEX TE R L S coship I 2. MISTRI ROAD, HMC BUILDING MF I #15-00, SINGAPORE 0207 CABLE: COSTARLINE I CR NO: **********0 M I General Agents: OQ6TAR SHIPPING I TO HONQKONO AND CHINA FROM HONQ KONO
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      Page 39 Advertisements Column 1
      855 39 1«C CONVENTIONAL IMVICT Vessel PKL PNG P.O. Loading for A VESSEL 28(05 Rotterdam; Antwerp CHINA run. CONTAINER »E»VICE Vessel SGP PKL BKK HKC QIN SHA YANGFANGKOU 151 02/6 03/6 07/6 12/6 16/6 YANGFANGKOU 153 02/7 03/7 07/7 12/7 16/7 Also accepting other Chinese ports »ia HKC auwiaua rou coNTAPnm mvici
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      Page 39 Advertisements Column 2
      347 39 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lin««) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lima) I; -ft"'. ETHIOPIAN SHIPPIN6 UHEB Y~ (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOADING FOR SPORE ABBAY WONZ 28WB 06/06 OARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA NETSANET 21WB 30/06 DARESSALAAM.
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      Page 39 Advertisements Column 3
      1072 39 SYDNEY/MELBOURNE BANGKOK J visa. |wr rw* syp wa |«wa jw tmmm mmm PIANETA 0849 05-6/6 11-20/6 22-24/6 WANA BHUM 14N Fri In Pt Thu 30/5 PIYA BHUM 0905 20-21/6 03-5/7 07-B/7 BENiA BHUM 06* Fri In Pt Mow 27/5 PIANETA 1050 5-6/7 18-20/7 22-24/7 NANTA BHil 42W Sal 25/5 Tut
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      Page 39 Advertisements Column 4
      435 39 taiN m m VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SIN MA A SIN TIGER STAR 160N 28-29/05 02-04/06 10-10/06 TIGER BAY 161N 01-02/06 08-10/06 16-16/06 TIGER STAR 162N 10-10/06 16-18/06 30-30/06 VSL VOY SMQAPORE/CALCUTT A/SMQAPORE VESSEL VOY SIN CAL SIN LHOTSE 402 25-25/05 29-31/05 06-07/06 EAGLE CAPE 11 28-28/05
      435 words
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      Page 40 Advertisements Column 1
      1371 40 WIAC-NELS SINGAPORE 1 UP RT TEL: *****22 impost TEL *****02 PENANG TEL: (04) *****6 IKK TEL: (088) *****0 TAWAU TEL: (089) *****9^ P. KELANG TEL: (03 *****77 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 I J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 PADANG TEL: (751) ***** V
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      Page 40 Advertisements Column 2
      368 40 blue star line SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON. BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. nv MICK IYT PREMIER 12$ 30 May 11 Jun Via HPJ. 13 Jun
      368 words
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      Page 40 Advertisements Column 3
      759 40 iC THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL. *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER SERVICES *****55 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH vessel |>ov |et* [pest vessel my ct* mst
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      Page 40 Advertisements Column 4
      345 40 NVOGC FRflTfl CONTAINER LINES ARE PROUD TO OFFER OUR CONSOLIDATIONS TO A WIDER VARIETY OF PORTS. PORTS FKQUENCr/MTH ETA SK TtAASfT TIC AUCKLAND 3 SULKS 30/05 14 MTS BANGKOK 4 SAIMGS 25/05 3 OATS CHTTAGONG 4 SAILINGS 5 OATS COLOMBO 3 SAKJNGS 02/0S 5 DAYS DUBAI (UAC) 3 SAIMGS 27/05
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      Page 41 Advertisements Column 1
      723 41 COMPANIA PERUANA VMA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO. MATARANI, 110* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Pen ant* P Kelant Singapore E'Msia IOMNEVERETT 28/30 May SHAPIAEVERETT 03/06 km 07/09 Jun KAMALEVERETT 27/28 lun Wgk "EVERETT ORIENT LINE" JAPAN/BAY
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      Page 41 Advertisements Column 2
      505 41 vst Ivoy [s'pobe Immiwm [lax Ikst b*< [wyc Ihfx m £LAT 64€ 1/6 ZM IBERIA 27/« «/7 J/7 11/7 13/7 ZM MELBOURNE 212E 13/S ZM PUSAN 14/7 23/7 M/ 7 2«/7 30/7 2M MRAEUS 12IE 26/S M CAIIfORNW 23/7 1/S 4/1 C/l ZM KOKR 1* 27/6 m SAYANNAH Jl/7 12/»
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      Page 41 Advertisements Column 3
      668 41 LINER SHIPPING PTE LTD 10 Anson Road. *17-06 International Plaza. Singapore 0207 Tel. *****33 (10 lines) \1 Telex: RS ***** LSSHIP Fax: *****13 BffJJM I FAR EAST HOKGKOM 128/5 31/5 (JAKARTA 27/5 29/5 KIELUNG 26/5 30/5 MANILA 1/6 8/6 KAOHSIUNG 26/5 2/6 P. KELANG 29/5 1/6 BUSAN 26/5 2/6 TOKYO
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      Page 41 Advertisements Column 4
      1016 41 SIN FM EAST 26/5 KEELUNG/KAOHSIUNG 26/5 BANGKOK 25/5 MANILA/CEBU 25/5 JAKARTA/BELAWAN/SURABAYA 25/5 PORT KELANG/PENANG/E. Malaysia 26/5 BUSAN 26/5 TOKYO/YOKO/KOBE/NGO/OSA 26/5 HONG KONG Si CHINA 26/5 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI,/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 27/5 LDN/FLX/LVP/SOU 27/5 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. SIN USA/CANADA 30/5 LOS
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      Page 42 Advertisements Column 1
      754 42 Container Agencies (a member of Steamers Maritime Holdings Ltd) CONTAINER FEEDER SERVICE P.T. ANGKUTAN PERTAMBANGAN SERVICE VESSEL VOY SPORE JAKARTA SURABAYA TAKARI IV 4088 24 MAY 26 MAY TAKARI I 1706 27 MAY 30 MAY TAKARI IV 4090 30 MAY 01 JUN TAKARI I 1708 03 JUN 05 JUN TAKARI
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      Page 42 Advertisements Column 2
      275 42 MULTI-MODE SHIPPING PTE LTD j MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI DAMMAN. SHARJAH. OOHA, MUSCAT, BAHRAIN. ABU DHABI, BANDAR ABBAS. JEDDAH FAR EAST ACCEPTING FCL/LCL PENANG P KELANG, JAKARTA. BANGKOK, HONG KONG, TAIWAN. JAPAN, MANILA. KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON FELIXSTOWE. LEEDS, TILBURY, ABERDEEN, LE HARVE, HAMBURG ROTTERDAM. ANTWEP. GOTHENBURG, COPENHAGEN
      275 words
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      Page 42 Advertisements Column 3
      619 42 SHIPPING CORP. SDN BHD PT KLAUS TEL: 03 *****06 |6 Maes| FA* *****11 VxDC/ PEN AUG TIL: 04 *****9 SHAN TEL 08*21*662 Xj/ SIIU TEL 084 *****2 TA*AU TEI *****MT1 KK TEL 086 *****0 KUCN TEI 082 *****3 M'SIA TO USA/CANADA CONTAINER SERVICE FEEDER VOY PEW PKL SIN LA/LB KST
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      Page 42 Advertisements Column 4
      884 42 CU}/ conmv inTERmomS 1 LCL/FCL SERVICE FROM f\ f fil B m op«rate« over 600 terminal»/offlc«» in US.A. 1 II (IPM flßi m CUJI mainUin* over 35,000 tractors trucks. mm IKm Jcwi over 60,000 points in USA. I—l raOlj m CUJI offer rsliabie LCWFCL ssrvkas. General Agent*: 7&WSTZ//WC PENANG KL:
      884 words
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      Page 43 Advertisements Column 1
      593 43 MORE FREQUENT FLIGHTS WORLDWIDE NEW ZEALAND/FUI I VESSEL Jht PJ(| *Pen -Bkk S« Sbaya Auckland Fiji(A) "*■■*<*> LytWton(B) D»e<«n(B) Nap«r Tan* N Rouen/9112 27/5 31/5 27/5 27/5 29/5 3/6 17/6 10/7 19/6 20/6 21/6 21/6 22/6 22/6 24/6 N Rotterdam/9113 8/6 10/6 10/6 10/6 12/6 15/6 28/6 10/7 30/6 2/7
      593 words
  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      313 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 *****300 1400 1500 1600 1700 1800 1900 2000 2100 2200 230( JR 14 12 1.1 1.0 1.1 1.4 1.7 2.1 2.3 2.3 2.1 1.8 1.4 1.1 0.9 09 10 1.3
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      Page 44 Advertisements Column 1
      764 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST fgpg VOY H> PKE SIN IWE HAUL VOY LBH OAK SEA LWE HAH HOT TCM/SEA PTL IMNG CHUN 125 26/05 27/05 29/05 H. INNOVATOR 41E 24/06 27/06 31/06 TOWER BRIDGE 531
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      Page 44 Advertisements Column 2
      51 44 > f OFFICES: pu MACOLINE ?KT 83!. I PORT KELANG 03 *****06 SIN-PASIR GUDANG-PALEMBANG CONTAINER SERVICE VESSEL SIN PG SIN PLM Bunga Setawar PMOI7 24/5 25/5 26/5 27/5 Bunga Seta war 1/6 2/6 3/6 4/6 CONVENTIONAL SERVICE VESSEL ETA SIN PORTS B SETAWAR" 24/5 PALEMBANG "SUSANNA" 26/5 PAN JANG/JKT •HAKURYU'
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      Page 44 Advertisements Column 3
      520 44 CHARTPOINT Every Saturday in Business Times i THE NATIONAL SHIPPING COM*NV SAj/Qt AMBiA VESSEL VOY NO SING JEDDAH DUBAI DAMMAM (JEBEL ALI) SAUDI QASSIM FEA 019 30/05 11/06 17/06 19/06 Singapore I Miliytii: SEGANI SON BHD fonts: KM KIM SHIPPING TRAOING PTE LTD SUBANG JAVA: T«: *****25 Tta: MA 361U
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