The Business Times, 30 May 1991

Microfilm: NL17495
Total Pages: 104
1 104 The Business Times
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  • Title Section
    Masthead
    10 1 BusinessTimes MCI (P) 16/12/90 Thursday, May 30, 1991 75* L
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  • NEWS SUMMARY
    • Article
      India's Congress Party names Rao as president
      75 1 NEW DELHI India's Congress Party, bereft of a nation-ally-known leader by the assassination of Rajiv Gandhi, yesterday named Narasimha Rao as its president on a provisional basis ahead of a second round of national polls. The veteran loyalist was elected unanimously by the
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    • Article
      US economy shrinks 2.6pc
      38 1 WASHINGTON The US economy shrank at a 2.6 per cent annual rate in the first three months of 1991. A month ago, the contraction was estimated by the Commerce Department at 2.8 per cent.
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    • Article
      Growth catalysts
      28 1 SINGAPORE and Hongkong are the most active catalysts for growth for the Asia-Pacitic region, says Alan Hill, the chairman of Jones Lang Wootton Asia Page 2
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    • Article
      Basis for free market
      29 1 THE MINISTRY of Communication has reiterated its position that transferability of COEs will remain as it is the basis of a free market. Page 2
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    • Article
      Anti-speculation step
      18 1 SOUTH KOREA will levy heavy taxes on real estate transactions to curb rampant speculation Page 7
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    • Article
      China wants more say
      20 1 BEIJING is pressing for broad veto powers over the economy of the British colony. Page 8
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    • Article
      Doesn't look too good
      28 1 US CONSUMER confidence fell in May for the second successive month, throwing doubt on forecasts that the recession will shortlv bottom out. Page 9
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    • Article
      Animated appeal
      18 1 SINGAPOREANS will be seeing a lot more of Tom and Jerrx from now on. Page 14
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    • Article
      No bird brain, these
      26 1 BRAINY PARROTS, more intelligent than believed, with mental abilities that may equal those of chimpanzees and dolphins. are facing extinction Page 13
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    • Article
      Keppel venture
      24 1 LOCAL conglomerate Keppel Corp has joined forces with the world's largest salvage operator, the Netherlands-based Smit Tak group Shipping Times, Pg 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      36 1 WALL STREET stock prices wavered in a narrow range yesterday. The Dow Jones average of 30 industrials slipped 3.14 points to 2,955.72 at 10.30 am EDT (1430 GMT) in the first hour of trading.
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    • Article
      Footsie higher
      25 1 LONDON shares were higher at midday yesterday. At noon (1100 GMT), the Financial Times-Stock Exchange 100share index was up 13.8 points at 2,493.5.
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    • Article
      Plunging profits
      19 1 HOMEGROWN Wearnes Brothers has recorded a sharp drop in profits in spite of higher sales Page 3
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    • Article
      Buying spree
      22 1 PAN MALAYSIA Rubber Industries is buying all the shares of Malayan United Industries' three wholly-owned hotel subsidiary companies Page 3
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    • Article
      Needed change
      23 1 A CHANGE of operation style might be just what is needed to bring Wing Tai out of the doldrums Page 3
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    • Article
      Expansion trail
      26 1 IN LINE with its optimistic outlook for the shipping industry, NOL is expanding its capacity by 50 per cent in intra-Asean routes Page 3
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    • Article, Illustration
      STOCK INDICES
      29 1 \\ednesda> Change BT-MGA 744.06 +1.37 Kuala Lumpur ...635.02 +4.72 Tokyo 25.495.41 +104.74 Hongkong 3.625.39 +30.61 Sydney 1.519.0 -16.0 Tuesday Change New York 2.958.86 +44.95 London 2,479.71 8.6
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.7635 100 Yen SS 1.2802 MS SS 0.6399 Money market rates Overnight 4-3/4 -5/8 3-month 5-9/16% -1/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix USS360.75 USS4.45 Rubber S'poreJune.. 146.00*/kg +0.50 M'sia June 227.00*/kg +0.01 KL Tin Turnover 42 tonnes +17 Spot MS 15.20/kg -0.14 Crude palm oil Turnover 136 lots -197 June MS773 /tonne +2.00
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  • Article, Illustration
    MPHB hopes to acquire resort sites
    548 1  -  It also has plans for its financial services and gaming sectors From William Chia in KUALA LUMPUR THE Multi-Purpose Holdings Bhd (MPHB) group, which has restructured itself in the last year to focus on property, financial services and gaming, intends to add depth to
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  • Article
    Economic Society to focus on professionals
    269 1  -  By Kenneth James THE ECONOMIC Society of Singapore (ESS) is set to break out of its highly academic mould with the formation of separate chapters, or sub-groupings, for private and public sector economists. The move follows the election earlier this year of the society's
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  • Article, Illustration
    Law Society V-P appointed Supreme Court judge
    218 1 THE CURRENT vicepresident of the Law Society, Warren Khoo Leang Huat. has been appointed a judge of the Supreme Court with effect from this Saturday. The announcement came from the Prime Minister's Office yesterday. Mr Khoo, 56, was born in Penang and graduated
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  • Article
    Desaru dispute: Back to the courts, says K & S
    307 1  - Desaru dispute: Back to the courts, says K S By Shoeb Kagda OHIO-BASED K&S International Inc chairman T Thangathurai yesterday confirmed that he would revert to the courts to settle the dispute with Kajima Overseas Asia (KOA) in the multibillion dollar Desaru project. Mr Thangathurai said at a press conference
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  • Article
    Lock icon Hanoi banking on first country fund
    134 1 Reuter HANOI Vietnam hopes I its first country fund will attract badly-needed foreign capital to develop its emerging market economy. Nguyen Mai, vice-chair-man of the State Committee for Investment and Co-op, said yesterday Hanoi needed US$5O billion (SSBB billion) over the next 10 years
    Reuter  -  134 words
  • Article
    45-point Dow rise sparks gains in Asian markets
    162 1 THE New York stock market shot ahead by almost 45 points in late trading on Tuesday on waves of com-puter-driven buying. After slow but steady trading earlier on Tuesday, the Dow Jones Industrial Average took off late in the session, closing 44.94
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  • Article
    Knight charged on eight counts, pleads not guilty
    383 1  -  By Conrad Raj THE former director of the Commercial Affairs Department, Glenn J Knight, was yesterday charged with cheating, attempted cheating and making false statements under the Prevention of Corruption Act. Knight, 46, who was arrested on Monday by the Corrupt Practices
    383 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      242 1 I'Burberiysl, I I I Vi g Reigns when it pours Aircraft Schedule 25 Money Market 23 Work) News 8,9 Commodities 24 Regional Co News 4 Cryptic Crossword 25 Regional News 7 For market indices editorial, Editonal 10 Regional Stock Markets 21 advertising and circulation ex Financial News 6 S'pore-M'sia Co
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    • Advertisement
      Page 1 Advertisements Column 2
      216 1 Economic Society means business, An orderly revolution, Pg 11 Today: BT's 60-page supplement FOCUS ON ASIA: BTs Banking, Finance Insurance '91 supplement. A 60-page survey of the trends and issues at the heart of banking and finance in Singapore and Asia. Free with your copy of BT today. BT comes
      216 words
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      Page 1 Advertisements Column 3
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Thai premier flies in today for official visit
        84 2 THAI Prime Minister Anand Panvarachun will be in Singapore todav for a two-day official visit. Here at the invitation of Prime Minister Goh Chok Tong, he will be accompanied by the Minister of Prime Minister's Office, Kasem Kasemsri; Minister of Industry', Dr
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      • Article
        BG Yeo receives guests
        79 2 SIX congressional staffers from the United States called on Brigadier-General George Yeo, the Acting Minister for Information and the Arts, yesterday morning. They discussed a range of issues pertaining to the bilateral ties between the US and Singapore and was accompanied by the president of the
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      • Article
        Canada comes calling
        60 2 THE sights, sounds and tastes of Canada these are what Singaporeans can experience from today till June 13. In conjunction with Singapore Airlines' inaugural flight to Toronto, the Canadian High Commission is jointly organising a Canada Fair with SIA, Centrepoint Properties, Cold Storage and Westiit Stamford. It
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      • Article
        Fresh blood for police force
        60 2 THE Singapore Police Force's recruitment drive in March has borne fruit. More than 3.400 applicants were received for the post of junior officer, with 100 applicants vying for the post of senior officer. The Police Force will embark on another round of recruitment at the
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      • Article
        Fund-raising exhibition
        36 2 THE Joo Chiat Community Centre will hold a three-day Chinese Brush Painting Exhibition to raise funds for its Extension Building Fund. The exhibition will be held trom June 14-16 at the Singapore Conference Hall.
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    • Article, Illustration
      Singapore, Hongkong singled out as catalysts to growth
      449 2  -  42nd Fiabci World Congress in Real Estate By Salil Tripathi SINGAPORE and Hongkong are two cities that are the most active catalysts to growth for the Asia-Pacific region, according to Alan Hill, chairman of Jones Lang Wootton Asia. Speaking to the press
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    • Article
      Reasons for Marina Sq's success
      237 2 MARINA Square is a proud architectural landmark of Singapore, said Chua Peng Chye, the group general manager of Marina Centre Holdings, in an address before the plenary session of the 42nd Fiabci '91 yesterday. Explaining the background and rationale of the project, Mr Chua walked
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    • Article
      NY-NJ port opens Singapore office
      179 2 IN LINE with plans to strengthen trade strategies and links with the South-east Asian shipping community, the Port Authority of New York and New Jersey yesterday opened a trade development agency here. The South-east Asia representative office, located at CWT Distripark, is headed by a
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    • Article
      Ministry defends transferability of COEs
      404 2 TRANSFERABILITY of vehicle Certificates of Entitlement (COEs) gives car buyers a choice to purchase on the secondary market on a "willing buyer willing seller" basis, or to bid at the tender. It allows market forces to determine the value of scarce resources and so ensures
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    • Article
      The charges in detail
      364 2 The Glenn Knight Case THE charges of alleged cheating and attempted cheating against former CAD director Glenn Knight are centred on investment in the former Batam Island Country Club and on shipments of motor vehicles to the Indonesian island. The Corrupt Practices Investigation Bureau says that
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      225 2 mm IN FLEXIBILITY. AIA SPRINGS A COUPLE OF Once again, AIA makes an unprecedented move. Now we offer 2 new be taken up 3 years M before policy matures or 2 years after, insurance packages designed to meet your needs. Then, the super returns Deposits Plan. All you have to
      225 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Wearnes' profits plunge despite higher sales
      353 3  -  Earnings down 71.8 per cent at halt time By Lilian Ang DESPITE higher sales, homegrown multinational Wearne Brothers has recorded an interim earnings figure that is less than a third of what it was for the same period the year before. For the half-year
      353 words
    • Article
      Lock icon Pan M'sia Rubber buys up shares of MUI hotels
      379 3 MBT PAN MALAYSIA Rubber Industries (PMRI), which intends to diversify into the tourism industry, is acquiring all the shares of Malayan United Industries' (MUI) three wholly-owned hotel subsidiary companies. Ming Court Hotel, Kuala Lumpur; Ming Court Beach Hotel, Port Dickson; and
      MBT  -  379 words
    • Article
      Lock icon AP Land increasing capital to M$1.03b with share placement
      366 3 MBT KUALA LUMPUR Asia Pacific Land (AP Land), a member of the Low Yat group, has proposed an institutional share placement, acquisition of a prime office tower and debt retirement. The exercise involves the issue of 775 million AP Land shares
      MBT  -  366 words
    • Article
      General Corp turns around
      273 3 GENERAL Corporation Bhd returned to profitability in the year ended Jan 31, 1991, but the directors did not recommend a dividend. In its unaudited results released yesterday, GCB showed a group after-tax profit of M 54.18 million (552.7 million), a turnaround from an after-tax loss of
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    • Article
      Wing Tai changing strategy with its G2000 and U2 lines
      656 3  -  THE HOCK LOCK SIEW COLUMN Bv Lee Han Shih "WHEN in adversity, change your strategy" is an old Chinese saying, and one that is fairly appropriate in describing what Wing Tai is trying to do to its G2OOO and U2
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    • Article
      Neptune to expand capacity by 50pc in intra-Asean routes
      476 3  -  By Rahita Elias NATIONAL CARRIER Neptune Orient Lines is expanding its presence in the major trade routes, in line with its optimistic outlook for the shipping industry-. It plans to raise its cargo carrying capacity in the intraAsean trade by 50
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    • COMPANY BRIEFS
      • Article
        Wing Tai unveils details of joint venture
        126 3 WING TAI Holdings has released additional information on its joint venture with Liberian-incorporated G2OOO (International) Ltd and Great Malaysia Textile Manufacturing Co Pte Ltd. The garment and property company said yesterday that it will hold 900,000 ordinary shares for a total consideration of
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      • Article
        Wee Chong Jin on UOB board
        45 3 SINGAPORE'S former chief justice Wee Chong Jin has been appointed as a director of United Overseas Bank Ltd. with effect from May 25, 1991. Mr Wee officially stepped down as Chief Justice last September at the age of 73.
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      • Article
        UOI resolution passed
        55 3 AT THE annual general meeting of United Overseas Insurance Ltd, an ordinary resolution was passed to give approval to the directors to issue shares in the company at their discretion, on condition that the number of shares issued do not exceed 10 per cent of the issued
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      • Article
        Sun Corp's audit committee
        32 3 SUN CORP (formerly Singapore Fodder) has appointed Messrs Freddy Lee Thiam Yew (chairman), Hui Shune Ming and Soon Gim Huat to its audit committee formed on May 20.
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      • Article
        Exchange nod for L&M rights
        27 3 THE SES has given in-principle approval to the listing of L&M Group Investments' proposed renounceable one-for-two rights issue at $1.10 a share.
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      • Article
        New director for Tuan Sing, SPPL
        25 3 HOWELL RP Keezell has been appointed a non-executive director of Tuan Sing Holdings and sister company. SPPL from vesterday.
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    • Article
      National Kap plans rights issue to raise $4.4m
      256 3 ELECTRONICS components manufacturer National Kap Ltd has proposed a one-for-two rights issue, which is expected to net $4.4 million and is aimed at increasing the company's capital base to support further expansion. The company, a manufacturer of capacitors for the electronics industry,
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      243 3 THE POWER OF A DESK TORw PUBLISHING Secretaries can produce professional-looking reports... RWMWJJ PROs can do their own newsletter layout... Personnel staff can produce immaculate training manuals... Designers can do ads and print materials better, faster, and see Wfy Jt the results instantly on computer screen... Wk M i? Publishers
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        NZ inquiry soon into London Pacific
        56 4 WELLINGTON The Securities Commission said it would hold an inquiry into Malaysian-controlled timber company London Pacific Ltd. Elders Resources-NZFP Ltd appointed a receiver to the company last October. Elders Resources-NZFP has since been taken over by Carter Holt Harvey Ltd. London Pacific was suspended
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      • Article
        Fujitsu in new Aussie venture
        47 4 TOKYO Fujitsu Ltd's wholly owned Australian unit and Australian Nuclear Science and Technology Organisation (Ansto) will set up a jointly owned computer firm soon. Australian Supercomputing Technology will develop computer software for Australian universities and research institutions, and will also lease supercomputers.
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      • Article
        Duta Anggada's dividend
        70 4 JAKARTA PT Duta Anggada Realty, real estate developer listed on the Jakarta Stock Exchange, agreed on Monday to pay a dividend of Rp 50 per share for 1990, around 35 per cent of the company's earnings per share last year. Meanwhile, another listed company, PT Central Protein
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      • Article
        Aide's A$1b bond programme
        84 4 SYDNEY Aide Ltd said it has launched a Asl billion (551.34 billion) domestic bond programme. It said the bonds carry the guarantee of the Commonwealth of Australia and are rated AAA by Standard and Poor's Corp and its unit Australian Ratings Pty Ltd, and Aaa by
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      • Article
        HK firm moving into Thailand
        55 4 BANGKOK Vista International Hotels Ltd, a Hong-kong-based hotel management firm, is ready to move into Thailand's hotel markets. The hotel chain is holding talks with developers of hotels in Bangkok, Pattaya and Rayong. Vista's presence would be further strengthened by the tour operation of its
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    • Article
      Shinawatra outlines regional satellite plans
      384 4 BANGKOK Shinawatra Computer Co plans to open talks with neighbouring countries in Indochina and Asean to lease Thai satellite transponders after it receives approval from the government to invest 4.3 billion baht in the country's first commercial satellite project. The firm has accepted the eight-year
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    • Article
      Minmetals of China to build NZ$14m apartment complex in Auckland
      223 4  -  From Selwyn Parker in AUCKLAND THE Chinese governmentowned Minmetals group will build a NZ$l4 million (S$ 14.28 million) apartment complex in Auckland the latest example of a steady expansion by the organisation into New Zealand. The 10-floor 38-apartment project, some
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    • Article
      Thai group's bid to secure telecom job
      386 4 BANGKOK The Charoen Pokphand Group, in a bid to secure the controversial 100billion baht telephone project, will propose a plan to limit itself from participating in any future telephone and telephone related projects. The Bangkok Post reported on Monday that the group will
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    • Article
      Lock icon Giordano is newest listing on HK bourse
      238 4 Company built on rags-to-riches dream that drives Hongkong Reuter HONGKONG Giordano, the British colony's newest stock listing, is built on the kind of rags-to-riches dream that drives Hongkong. A retail sportswear chain, Giordano was founded by Jimmy Lai, 42, an outspoken maverick who
      Reuter  -  238 words
    • Article
      Salim to build 4 sugar mills in Lampung
      257 4 JAKARTA The Salim group will build four sugar malls in Lampung with a production capacity of 100,000 tons per annum each in response to the government's invitation to the private sector to invest in the sugar processing sector, the Jakarta Post reported.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      176 4 Time-Based Charging starts on December 1,1991 Standard Example: 1.4 cents per block of 1 minute Monday to Friday 8.00 am 6.00 pm Standard rate -10 minute call =14 cents Economy 1.4 cents per block of 2 minutes Monday to Friday 6.00 pm 8.00 am Economy rate -10 minute call 7
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Newmont Mining in merger talks with Barrick
      492 5 FT NEW YORK Newmont Mining, the largest US gold producer, and American Barrick Corporation, a sizeable Toronto-based gold miner with interests ranging from Nevada to Quebec, announced on Monday that they were considering a merger. If the deal goes ahead, it will create
      FT  -  492 words
    • Article
      Lock icon Macy nearly doubles loss to US$116m in third quarter
      193 5 Reuter NEW YORK R H Macy and Co reported that its net loss from continuing operations nearly doubled to U*****.4 million (S$ 197.8 million) in the fiscal third quarter ended May 4, on a 6.8 per cent decline in sales. In
      Reuter  -  193 words
    • Article
      Lock icon Johnson receives cash buyout proposal from its CEO's firm
      268 5 Reuter CHICAGO Johnson Products Co Inc said it received a L'SSI7.2S-a-share cash buyout proposal from JPC Inc, a firm formed by Johnson Products chief executive officer Eric Johnson. Johnson Products said its chairman and majority stockholder, Joan Johnson, would initially own
      Reuter  -  268 words
    • Article
      Lock icon German retailer Kaufhof sees rise in turnover
      298 5 Reuter COLOGNE Kaufhof Holding AG. Germany's second largest retailer, said it expected group turnover to rise about 20 per cent in 1991. Barring unexpected developments, profit growth would outpace the rise in sales. Group net profits rose 11.8 per cent to 120.3 million
      Reuter  -  298 words
    • COMPANY BRIEFS
      • Article
        Rolls-Royce chief takes pay cut
        64 5 LONDON Rolls-Royce chairman Lord Tombs said on Tuesday he would take a 10 per-cent cut in his basic pay in view of the financial difficulties facing the company. Earlier this month the company had ordered a pay freeze for all its factory staff, but made
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      • Article
        Ex-owner to buy back Balmain
        76 5 PARIS The French luxury products company Balmain is making an unsteady return journey along the fashionmarket cat-walk, having lost 450 million French francs (S$ 137.25 million) in value in 20 months, banking sources here said on Tuesday. The company is to be re-purchased for 100
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      • Article
        Seiko profits plunge 64pc
        80 5 TOKYO Seiko Corp said its net consolidated profit plunged 64.2 per cent from a year earlier to 694 million yen (SSB.B million) in the year to March. The company said the plunge reflected losses suffered by some subsidiaries and increased tax payments by others. Group sales
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      • Article
        Chubu forecasts 45b yen profit
        60 5 TOKYO Chubu Electric Power Co Inc Japan's thirdbiggest electric power firm, forecast parent company net profit of 45 billion yen (***** million) in the year ending March 31, 1992, up from 30.65 billion a year earlier. Chubu assumes a crude oil price of US$2O a
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    • Article, Illustration
      Lock icon LA Gear to sell 30pc stake for US$100m
      253 5 NYT LOS ANGELES LA Gear Inc, the athletic footwear company that fared poorly last year, said on Tuesday that it had agreed to sell a 30 per cent stake for USSIOO million (about SSI76 million) to an investment firm headed by Roy
      NYT  -  253 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      210 5 COSporaee 3 31b? ??3H5b ***** L 89 AX ERIC S Eric Lawrencc. Managing Director Digital Singapore Ptc Ltd J DI6ITAL EQUIPMENT S P L Global Corporations... Use Global Resources "When you're doing business on an international scale, it's vital to have every business advantage ai your fingertips. And the American
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  • FINANCIAL NEWS
    • Article
      Hong Leong's 10-year car loan package
      421 6  -  Banks, finance companies offering new deals and easier terms By Diana Oon SINGAPORE Easier terms for prospective car owners are what the banks and finance companies are aiming for now. Hong Leong Finance, Singapore's biggest finance company, recently launched a new 10-year hire purchase
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    • Article
      Lock icon Japanese banks pay directors less to make amends
      384 6 Reuter TOKYO Three big Japanese banks have acknowledged in the past week they have damaged the public's trust and announced cutbacks in payments to directors and management changes to make amends. The three are Sumitomo Bank Ltd, Fuji Bank Ltd and Kyowa
      — Reuter  -  384 words
    • Article
      BOT Futures to be Simex clearing member
      253 6  -  By Quak Hiang Whai SINGAPORE Another Japanese financial institution, Bank of Tokyo Futures, has received in-principle approval from the Singapore International Monetary Exchange (Simex) to upgrade into a corporate clearing member. In a press statement yesterday, the exchange said BOT Futures will also
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    • Article
      Lock icon NZ's ASB Bank may move into big league
      295 6 Reuter AUCKLAND Second-tier bank ASB Bank Ltd could make an acquisition within the next six months that would catapult it into the big league of New Zealand's overcrowded banking industry. "We have made it known that we are looking to expand nationally
      Reuter  -  295 words
    • SMALLCHANGE
      • Article
        Fuji Bank liquidates Cayman Islands unit
        128 6 TOKYO Fuji Bank Ltd said it has liquidated its wholly owned securities investment unit in the Cayman Islands because the subsidiary had suffered large unrealised losses on securities holdings. The bank reported an extraordinary loss of 42.7 billion yen (SSS3O million) in connection with
        128 words
      • Article
        NatWest to sell Paris HQ
        75 6 LONDON National Westminster Bank pic said it is to sell its French unit's Paris headquarters. "Nat West worldwide is seeking to improve efficiency," a Nat West spokesman said. "At the same time we are pursuing strategies to improve long-term profitability and growth. The effective management
        75 words
      • Article
        Bahrain offshore bank assets
        65 6 MANAMA, Bahrain Assets of Bahrain's offshore banking units rose by 3.6 per cent in the fourth quarter of 1990 compared with the third quarter but were sharply down on fourth quarter 1989. Total assets on Dec 31, 1990 stood at U5559.86 billion (Sslo6 billion) against U5557.78
        65 words
      • Article
        Spain sets up bank group
        41 6 MADRID The Corporacion Bancaria de Espana SA was set up on Monday with capital of 1.5 billion pesetas (Ss26 million) fully subscribed by the state. The decision to set up CBE was announced earlier this month.
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      1671 6 \<z> Wayfoong Mortgage And Finance (Singapore) Limited I I BALANCE SHEET as at 31st December 1990 PROFIT AND LOSS ACCOUNT 9. Other Debtor, 1990 1989 I N<* 1990 1989 for the year ended 31st December 1990 hbm, U. 217 45.893 I SS SS Note IWO 1989 'SJS FIXED ASSETS 3
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      35 6 Dollar$ Non$en$e M ufjt'ji v -rs* 1 v A» I 1 wffl MMAbffto-t "Oh. I know the CEO position around here is out. but as tar as I'm concerned everything else is up for grabs."
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  • THE REGION
    • Article
      White Paper on ties with EC for Thai Cabinet
      519 7 BANGKOK The Thai Commerce Ministry' will ask the Cabinet before the end of June to endorse a "White Paper" as a framework for economic relations with the EC after the 12-nation bloc has completed its unified market programme in 1993. This
      519 words
    • Article, Illustration
      Lock icon Seoul slaps hefty taxes on real estate deals
      328 7 Reuter SEOUL South Korea will levy heavy taxes on real estate transactions to curb rampant speculation and will give priority to maintaining economic stability. "I will focus on keeping the inflation rate at single digit for this year, particularly by quashing land
      Reuter  -  328 words
    • Article
      Lock icon Myanmar economic growth up 5.6pc despite inflation
      388 7 UPI YANGON The Myanmar economy grew 5.6 per cent in the past year despite rapid inflation and a large budget deficit, the government said in an official report released on Tuesday. Giving detailed statistics for all 12 sectors of the economy, the 1991-92
      UPI  -  388 words
    • NOTE BOOK
      • Article
        Taiwan's jobless rate at 1.4pc in April
        54 7 TAIPEI Taiwan's unemployment rate rose to 1.4 per cent in April from 1.39 per cent in March and 1.32 per cent a year earlier, the Bureau of Statistics said. A bureau official said the change was due to a slight fall in employment
        54 words
      • Article
        Poor support for Hawke govt
        75 7 SYDNEY Support for the Labor government of Prime Minister Bob Hawke remained at an all-time low in May as the conservative opposition extended its lead in the popularity stakes, a Morgan Gallup poll published yesterday showed. But Mr Hawke, whose position has been threatened by
        75 words
      • Article
        Cyprus exports to HK soar
        64 7 NICOSIA Cyprus exports to Hongkong, particularly pharmaceutical products and manufactured tobacco, increased by about 80 per cent last year, the Cyprus News Agency reported on Tuesday. Cyprus' exports to the British colony amounted to US$lO.6 million (SSIB million) in 1990, against USSS.9 million in 1989,
        64 words
      • Article
        More HK migrants in Canada
        68 7 VANCOUVER Canada's latest immigrants include thousands of wealthy Hongkong citizens who are fleeing the British colony before it reverts to Chinese rule in 1997. Hongkong immigration officials say 62,000 people emigrated from Hongkong last year, up from 19,000 in 1986, and more than one-third came
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      • Article
        World Bank loans for Seoul
        35 7 WASHINGTON The World Bank said on Tuesday it had approved two loans for South Korea for a total of US$l6O million (***** million), and one for Bangladesh for US$54 million.
        35 words
      • Article
        Pakistan economy expands 5.6pc
        95 7 ISLAMABAD Pakistan's economy grew by 5.6 per cent in fiscal 1990-91 while the budget deficit increased to U552.65 billion (554.5 billion), the government said on Tuesday. The growth in gross domestic product (GDP), slightly higher than expected, was spearheaded by a 22 per cent increase in
        95 words
      • Article
        Islamic Law bill passed
        43 7 ISLAMABAD Pakistan's Senate on Tuesday adopted a controversial government bill to enforce Islamic Law, or Sharia, in the country. The bill, already passed by the National Assembly, will now go to the president for his approval before becoming law.
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      Page 7 Advertisements Column 1
      110 7 i to HP, CP M now an open book. .V i >• t xf# *4| N v'ii" '.J v >;.* 'ft :>■ ''-Sf V; v *..i- *'■'> m&f. 4 l* vviv > Everything you ever wanted to T H For a free copy of the HP Guide to Open know
      110 words
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  • THE WORLD 1
    • Article
      Lock icon Beijing wants broad veto powers over Hongkong's economy
      463 8 Reuter BEIJING The Chinese government, in blocking plans for a new airport for Hongkong, is pressing for broad veto powers over the economy of the territory. Sino-British talks on the airport have foundered not on Chinese objections to the high cost, a
      Reuter  -  463 words
    • Article
      Lock icon EC slaps anti-dumping duties on imports of Asian lighters
      248 8 Reuter BRUSSELS The European Community on Tuesday slapped anti-dumping duties of up to 35.7 per cent on imports of disposable cigarette lighters from Japan, China, South Korea and Thailand, saying they were undercutting EC producers. The European Commission, the EC's executive
      Reuter  -  248 words
    • Article
      Lock icon Consumer confidence in US falls for the second month
      403 9 FT WASHINGTON US consumer confidence fell in May for the second successive month, throwing doubt on forecasts that the recession will shortly bottom out. The index fell to 74.2, compared with 79.4 in April and 107.3 a year ago, the Conference
      FT  -  403 words
    • Article
      Lock icon Moscow won't ease rules despite more foreign ventures
      315 9 UPI MOSCOW The number of joint ventures between Soviet and foreign companies has passed 3,000 and their combined output is nearly five times the total of two years ago. In spite of the positive news, the Supreme Soviet, or standing parliament, passed
      UPI  -  315 words
    • Article, Illustration
      Lock icon US, Soviets settling final issues over troops treaty
      302 9 FT WASHINGTON US differences with Moscow over the treaty reducing conventional forces in Europe (CFE), which have been holding up a US-Soviet summit, are now "very narrow", President George Bush said recently. Foreign ministers from the two countries will meet in Lisbon
      FT  -  302 words
    • Article
      Lock icon World Bank arm to sell plot of Paraguay rainforest
      271 9 AFP WASHINGTON The International Finance Corp (IFC), an affiliate of the World Bank, said on Tuesday it would sell a piece of choice Paraguayan rainforest to a US ecological group for a nature reserve. IFC director Sir William Ryrie told a
      AFP  -  271 words
    • WORLD WATCH
      • Article
        US-Mexican trade pact may include L America
        81 9 OTTAWA A three-way trade deal involving the US. Canada and Mexico could eventually include all of Latin America if officials carried out plans to add an accession clause allowing other countries to join the trading bloc, a senior Canadian official said on Tuesday.
        81 words
      • Article
        Shantou to grow further
        92 9 HONGKONG China has approved the expansion ot Shantou, one of its four main Special Economic Zones in southern China, to urban areas. The Chinese State Council recently passed the enlargement resolution the third since it was set up in 1981 in a bid to enhance development
        92 words
      • Article
        China-Cuba electric motor deal
        62 9 HAVANA China will provide the technology and expertise to build the first factory in Cuba to mass produce electric motors, the Cuban domestic news agency AIN said on Tuesday. The factory, planned at Cacocum in the eastern province of Holguin, would produce 30,000 electric motors a
        62 words
      • Article
        Nuclear know-how for Beijing
        73 9 BEIJING The China Nuclear Energy Industry Corp signed a nuclear technology transfer deal on Tuesday with the French company Fragema, the Xinhua news agency reported. The official agency said the agreement would help China improve technology related to nuclear fuel assembly design and manufacture for large
        73 words
      • Article
        Conference on China trade
        85 9 OKLAHOMA CITY Oklahoma will be the host of an international conference on how to trade with China, Governor David Walters said on Tuesday. He said the conference probably will be held early next year. Mr Walters said the conference could "lead to trade reform and facilitate
        85 words
      • Article
        Bleak forecast for Finland
        75 9 HELSINKI Finland's gross national product in real terms will fall this year, according to a government paper published here on Tuesday, which painted an overall gloomy outlook for the Finnish economy. In spite of stringent savings measures, state expenditure will rise by 9.5 per cent in
        75 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      775 8 WIN WITH QUEBEC CamaKms If you are moved by the best in have been moving beyond traditional dance, two $40 tickets for North American and European partners to J opening night on June 20 are explore and develop new ventures and yours FREE isvoU are one of the partners in
      775 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      224 9 r^ Jfifsr Wm^^^^'\ H '$&;%0. fgiplyj| *jp xjt j F :^F*& J ~Jj^ y y^^,*jy-if '4»p: "^^^^JP^^^MHBErrSWr- |fe iJfW» t w II; jt* M Wmw J^ m Jar pP^* Hin i ii^iiiJ^^li v i jJ|hL jsC'- B^MHjftß^feiH you, we have something to offer that you may find proceeds in a
      224 words
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  • Article
    No more room for excuses
    509 10 EDITORIAL ITS the clearest wage guideline since the National Wages Council went qualitative. Total wage hikes in 1991 should generally be lower than last year's 9.8 per cent; built-in increases, which went up 9.3 per cent, must lag behind productivity growth, the NWC recommends in
    509 words
  • WHAT THE OTHERS SAY
    • Article
      Cash for cashless
      212 10 DESPITE a massive campaign in 1985 to encourage Singaporeans to pay all government departments and agencies through Giro, most agencies have only a third or less of their customers doing so. If it were not for the fact that this requires the agencies to deploy staff to
      212 words
    • Article
      Take the lead, Asean
      159 10 IN HIS KEYNOTE ADDRESS at the Pacific Economic Cooperation Conference a week ago, Prime Minister Goh Chok Tong spelt out the need for Asean to be the bridge in forging trade and economic cooperation in the greater Pacific region. The call is an apt one considering
      159 words
    • Article
      Use our own workers fully
      155 10 FROM SOME employers' point of view, it may be more "in line with economic principles" to employ foreign labour or younger workers than to extend the retirement age of their older employees. But looking at society as a whole, the importance of industrial relations and
      155 words
  • REGIONAL VIEWPOINTS
    • Article
      End this nuclear poker game
      170 10 NORTH KOREA'S recent signals that it wants to join the world community are music to many ears. For too long, the hermit kingdom of history has been an isolated "worker's paradise," cut off from the standard world of trade, diplomacy and travel. But Pyongyang must
      170 words
    • Article
      Still so far apart
      182 10 PRIME MINISTER Anand Panyarachun has just ended a two-day visit to Jakarta, part of what he called a familiarisation tour of Asean. It seems to have been just that, and not much more. Thailand and Indonesia seem to be at a point now where they spend
      182 words
    • Article
      More bumi participation
      162 10 THE NEW Economic Policy has technically expired but Malaysians accept the need for its objectives to continue to be pursued even as a policy to succeed it is being finalised. One strategy taking off is the long-term programme by Permodalan Nasional Bhd to create about 300,000 bumiputra
      162 words
  • Article, Illustration
    Lock icon Bankers experiment with money-spinning 'brains'
    828 10  -  Peter Stewart discusses 'neural networks' a new buzzword in the City of London's financial circles Peter Stewart Reuter BANKS in London are experimenting with artificial "neural networks" to improve investment decisions. But some analysts say that in this field, the human brain still holds the
    Reuter  -  828 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      218 10 BH PUTTING YOU A STEP AHEAD The Growth Triangle Seminar The Growth Triangle looks set to open up a world of opportunities for business as the Governments of Indonesia, Malaysia ana Singapore are actively promoting this exciting new economic alliance. How do you get started? Where are the opportunities? What
      218 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      78 10 DOONESBURY BY GARRY TRUDEAU I think youlc finp our ujhlther it's the impeccably noujthen so*ieoNe uke to welcome you id cum I establish*ientan oasis of miaep cocktails or. me crisply askepmeabout our SCW. tSPEOAU,! THE Ok. UJELL. I 600P CHEER AND FEfKEWMtNT STARCHEP TABLECLOTHS, UE HAVE M/SS VE6ERT STORM I
      78 words
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  • ANALYSIS
    • Article
      Lock icon Hongkong's charge of the key-chain brigade
      877 11  -  Carl Gewirtz laments the demise of cheap shopping in Hongkong, where the local market is overtaking the tourist trade as the dominant business Carl Gewirtz IHT THE STAMP in the passport says the last visit was only five years ago, but the hit to
      IHT  -  877 words
    • Article, Illustration
      Economic Society means business
      1060 11  -  For the first time in a quarter-century, the head of the national association for economists is not an academic. Incoming president Teh Kok Peng talks to BT's Economics Correspondent Kenneth James Kenneth James THINGS will never be the same again for the Economic Society of Singapore
      1,060 words
    • Article, Illustration
      An orderly revolution
      271 11 IF THERE WAS a revolution, it was an orderly one. Professor Lim Chong Yah himself set it in motion by proposing Dr Teh Kok Peng for the presidency of the Economic Society of Singapore (ESS). "I'm very happy that Dr leh has been willing to take over.
      271 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      35 11 L in white-cott^.g^^^J H M* ni fJ £f''n^jtff fl*' fjfß *J?,' more ..«>"• <* '^;H tot j^r^sr ■I SlajUl Corner- forged FO f/iiYDEB \P^^ccJ lout *80.000 signature W c by [orging Jr $i9cf Ct HjWMßlmlsmiJ&fflKffliM ■■■■yjiyB|AMUUH|ppBMHti|pH|Mi|MUMBIpkU HUMMaMMUIKUIIfIkMWMjMittim
      35 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      220 12 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT
      220 words
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      Page 12 Advertisements Column 2
      366 12 lilililF PLUM'S ******************** l CULINARY MYSTIQUE FROM THE BALI SHORES From 25th May 2nd June, 1991 Plum's introduces (he exquisite culinary of the Balinese. Combining the flavourful regions of Indonesia, Bali's own has distinct character. Join us for this mystical experience. The buffet will lx« available for lunch (except 25th
      366 words
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      Page 12 Advertisements Column 3
      300 12 We've spiced up Happy Hours. Sugar N Spices at Club 5. A 3 With renditions of VI old hits that'll whizz fM y° u b ac k to the 50s Lv and 60s between 6pm Happy Hours: spm Bpm W "Pick Your Treasure Box" Plaza Hotel 1 SINGAPORE A UUU
      300 words
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      Page 12 Advertisements Column 4
      244 12 S VIVA espana Jm jfl The Belvedere brings you the savoury taste of Pa extravagant buffet in town! H We serve the world to you at The Belvedere. B OD ktuMX'T' h (Ik trainim if emftrtn On hard Road Singapore Tei 7)***** An exciting experience awaits you at The Gazebo
      244 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      808 12 TELEVISION AND RADIO rtAWV%/xn wm?:ur:. M 5 a sxt business ON RADIOS YV aC ICV 2UII S(i Til vS J™ (L) e omda| Sl^t n Lt°h f i4 630 WM The Quran BBC, 89.9 mHz in VHF Band II J 2'IS Sft. International I > tu T S Ut l
      808 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Brainy parrots facing extinction
      774 13  -  Even as some of the parrot's wonders and secrets are yielding to new scrutiny, nearly a quarter of the world's 300 parrot species are at risk of extinction. William K Stevens reports. William K Stevens NYT IN ANCIENT INDIA, where they appeared in the earliest literature,
      NYT  -  774 words
    • Article, Illustration
      Lock icon Kissing: new social rite in France
      554 13  -  How do the French say hello or goodbve? Anne Penketh takes a look at what is fast replacing the handshake in France Anne Penketh AFP THE KISS on the cheeks given by outgoing French prime minister Michel Rocard to his successor Edith Cresson highlighted
      AFP  -  554 words
    • Article
      Queen Mother visits Alpine town
      472 13 VO#% 8 81*1% DyA BRITAIN'S 91-year-old Queen Mother Elizabeth, proving that one is never too old to uphold English tradition, has arrived in the Alpine town of Annecy, France, to keep the custom of paying an annual visit to a French province. The Queen Mother,
      472 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      172 13 AND ENTERTAIN Super long Happy Hours at The Fountain Lounge means enjoying a 40% discount from 11.00 am to 8.00 pm plus snacks such as Spring Rolls or Samosas or Canapes or Meatballs or ANA HOTEL SINCAPORE Items changed daily. ""ZXttSS Mongolian Buffet at New Park Cafe I I From
      172 words
    • Advertisement
      Page 13 Advertisements Column 2
      133 13 "SPLENDOURS OF SPRING" CHINA CHINA RESTAURANT l APR TO 31 MAY 91 A whole new season of gastronomical adventure to savour the finest selection of Hong Kong's Springtime menu. Splendidly prepared by four of CHINA CHINA'S resident masterchefs from Hong Kong. p- l >c MARINA BAY GOLF tt COUNTRY CLUB
      133 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Getting animated about cartoon sales
      437 14  -  Singaporeans will be seeing a lot more of Tom and Jerry from now on. Teh Hooi Ling reports Teh Hooi Ling Mickey mouse, Tom Jerry, Batman will never perish. Or. to be more exact, the trademark owners of these timeless characters will never let them.
      437 words
    • Article
      COPY LINES
      173 14 COMPUTER manufacturer Data General has appointed CAM Associates as its advertising agency for the South Asia region as part of its strategy to dramatically increase its marketing presence. The contract, worth about US$O.5 million (SSO.BB million) annually, covers corporate and product advertising, direct mail and seminar and trade
      173 words
    • Article, Illustration
      Shop that packs a good deal for teenagers
      558 14  -  Schutz Lee reports on a joint venture's 'gifted' idea Schutz Lee A JOINT venture with partners from Singapore, Indonesia, South Korea, Taiwan and Germany has made Singapore its springboard for a network of stores throughout Asia to capture the teenage fancy gift-cum-stationery
      558 words
    • Article
      Regent Singapore: We're open
      331 14 NOW INTO its fourth week of a six-week advertising blitz, the newly-refurbished Regent Singapore is out to establish itself firmly as a luxury hotel for business travellers. Its marketing direction which follows that of Regent hotels worldwide is to earmark some 70 per cent of its
      331 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      134 14 ■1 «H Can the spirit of Zen fit into the chaotic and grubby world of profit and loss? It seems an unlikely marriage, but in our What does it take for small businesses to go global? In COMBINING GLOBAL REACH WITH LOCAL VIGOR we profile two companies that went international
      134 words
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  • SPORTS
    • Article, Illustration
      Lock icon Becker, Edberg display good form
      546 15 French Open AP PARIS A year ago, the top men's seeds barely had time to unpack before they were bundled out of the French Open. This year, Stefan Edberg and Boris Becker look like they plan to be around a while. Top-seeded Edberg and No
      AP  -  546 words
    • SIDE LINES
      • Article
        Brazilians dominate Bulgarians
        86 15 ÜBERLANDIA, Brazil Brazil unleashed its patented sparkling, aggressive soccer to beat Bulgaria 3-0 on Tuesday and give the Brazilians their first victory in a full international since beating Scotland in a World Cup soccer match last June. Brazil received two goals from captain Neto and one from
        86 words
      • Article
        Lendl's resting
        97 15 BECKENHAM, England Ivan Lendl, the world number three forced to miss the French Open because of a hand injury, will use the spare time to step up his preparations for the Wimbledon championships. The American-based Czech will defend his title here next week providing his right hand, on
        97 words
      • Article
        A balanced final
        119 15 BARI, Italy A new name will go into the Champions Cup book when Red Star Belgrade and Olympique Marseille clash in the final of the most prestigious European club soccer competition. The Yugoslav and French clubs play their first ever Champions Cup final and each dreams of
        119 words
      • Article
        Changes in the offing
        85 15 INDIANAPOLIS The Indianapolis Motor Speedway and US Auto Club, hoping to attract more car builders to the Indianapolis 500, says they will consider new engine specifications for the Formula One series. The changes, if adopted, would make the current turbo-charged engines obsolete and, in theory, provide
        85 words
      • Article
        For the love of boxing
        75 15 NEW YORK Donovan "Razor" Ruddock decided to go ahead with his cancelled re-match with Mike Tyson next month because his promoter is getting justice and "for the love of boxing and the opportunity to knock out Mike Tyson," his promoter Murad Muhammad said on Tuesday.
        75 words
    • Article
      Lock icon Healthy Slaney runs back into contention
      563 15 Reuter SAN JOSE, California The ugly scar down the back of Mary Slaney's right leg projects a picture of agony, but these are happy times for the one-time queen of American athletics. In a tantalising extra chapter to an already eventful fairy tale of
      Reuter  -  563 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      87 15 Qantas offers more flights to Australia than all other airlines put togeth^l k. yjjfek If you were to put ALL other airlines together, they would still not have as many flights to Australia as Qantas. And because we have 1 more flights, you have a greater choice. A greater choice
      87 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Shares close firmer on strong Wall Street gains
      4315 16  -  By Quak Hiang Whai SHARE prices on the Singapore stock market, spurred by strong gains on Wall Street on Tuesday, closed firmer yesterday but off the day's highs. The Straits Times Industrial Index finished at 1,549.59, up 8.1 points from the close
      4,315 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4146 17 Main Board NatSteel 1160 +80 +7.4% Jurong Ship 50* 950 +25 +2.7% NatSteel Wt 398 +22 +5.9% DBS 1200 20 +1.7% UOB Foreign 740 20 2.8% HongFok 285 +19 +7.1% FELS 50* 710 +15 +2.2% Hai Sun Hup 20* 230 +12 +5.5% DBS Foreign 1320
    4,146 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      251 18 Company Date Year Group Not Not earnings Gross inn to profit/loss (L) per share dividend (000) (cents) PM Hldgs May 22 Dec 90 $3,320($6,412) 22 1(42 7) 10(10) Tat Lee Bank May 22 Dec 90 $22,652(122.579) 13.1(14 4) 8(8) tat Lee Finance May 22 Dec 90 Jl.914(12,242) 106(12.5)
      251 words
    • Article
      DIVIDENDS ANNOUNCED
      1347 18 Current Ex Books Date Total (or Total lor payment date close payable the year last year Acma 5%TE lun 5 Jun 17 Jul 1 10%TE Amal Steel 50c 10%(S) Mdy 16 May 31 lun 7 101 126% Boustead 50c 5%(l) Ape 25 May 10 lun 7 5% 15%
      1,347 words
    • Article
      PRELIMINARY RESULTS
      247 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) M Resources May 22 Oec 90 M$1.767(J7.906L) 0.6(-) Srt Hartamas May 22 Dec 90 M$14.352l($363L) PMC May 20 Mar 91 M$51.044($42,553)
      247 words
    • Article
      INTERIM RESULTS
      180 18 Company Data Half-year Group pro-tax Interim aan to profit/loss (L) dividend (000) C&C May 17 Mar 91 J49.453($46,270) 5(4) Goodwood Park May 17 Mar 91 $14,753($15,208) 35(15) H Msia May 17 Mar 91 $313($1,725) 5(5) NST Apr 30 Feb 91 M$43,849(537.114) 10(10) SPH Apr 26 Feb 91 $110,396(584.977)
      180 words
    • Article
      CORPORATE DEVELOPMENTS
      378 18 May 28 Sembawang Aviation plans to open an aircraft component parts manufacturing plant in Singapore. May 27 Singapore Airlines has put in a bid for a piece of land in Changi North West to build another hangar facility to meet the demand for aircraft repair and maintenance beyond
      378 words
    • Article
      RESULTS DUE
      977 18 Main Board Last Full Year Company Penod Date Year Net EPS Gross Net announced ending (cents) 4* profit last year 000) Ceretos Interim Apr 27 Jul 91 12.6 200TE(a) 38 911 Spore Land Interim May 4 Dec 91 126 100 44 641(g) Van der Horst Interim May 21
      977 words
    • Article
      APPROVED ISSUES
      250 18 Company Rights Issue Mean One-fox two <a MJ100 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MJO10 each at MSI per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR for every CRPS Ex-date May 30 Books close Jun 13
      250 words
    • Article
      BONDS, LOANS & WARRANTS
      759 18 BONDS, LOANS WARRANTS Company Cwntew partad Cwarit— tmm ter ww ordi—ry stow CtC Wt Before 26/4/93 1 warrant plus >3 09 cash Causeway Loan Causeway Wt 2/10/89 to M/10/94 1 warrant plus SO 77 cash or 1 warrant plus $0 77 nominal amount erf loan stock Chan H*> Norn J"
      759 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      990 18 Prices (as at 29.05.91] Conversion terms Premium/ Expiry 1 (discount) f ~T A mount Optional** using issued 1 1 Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cash Loan Gearing Date Mths units) stock ratio price nom I Stk Left value S I s S
      990 words
    • Article
      PROPOSED ISSUES
      508 18 Company Rights Issue Bottcr One-for-four MS2 00 per share Eu Yan Sanj Twotor-one SI 05 per share H Leonj hd Iwo-forfive <a MS3 35 per share Issue of $28 07m 5% Redeemable Unsecured Loan Notes on the basis of {1 nominal amount of Loan Notes for every 5
      508 words
    • Article
      COMPANY MEETINGS
      95 18 Sngapore National Pmter* Ltd: 17th AGM at the Regent Hotel, Boardroom. Level 3, 1 Cuscaden Road, Singapore 1024 on Thursday, May 30, at 12 noon. Singapore Finance Ltd: 31st AGM at 16 Raffles Quay #26-00, Hong Leong Building, Singapore 0104 on Thursday, May 30, at 11am. Hong Leong
      95 words
    • Article
      RECORD HIGHS & LOWS
      168 18 RECORD HIGHS LOWS BT Composite Index ST du (2 9/4/9i) 1991 N* 1328 87 29/5/91) JJ®} Jf 1149 08 (16/1/91) 121 Si JS221! 1607 12 < 27/3/90) 1990 tifh: 1435.43 (16/7/90) 199Q 1079.50 (11/10/90) 1487 76 < 26/l2/89) S52 1989 1030 69 (4/1/89) S! im3k 5/1/2 1988 *****7 m W
      168 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      67 18 paiP"" THE PHOTOFIT MANAGER How do successful managers behave and operate? How do they keep abreast of rapid business change? ■KHB 11: iULu>»GAnrn#tOf N fHC ft** m mm urns m This Nx)k reveals how organizations are attempting to find answers to these questions providing a stimulating and often contentious overview
      67 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Index at a new high on good signals from abroad
      4184 19 Bernama SHARE prices closed mixed in active trading yesterday amidst alternating bouts of profit-taking and buying but the key market barometer closed at a new all-time high because of buying of indexlinked counters. The KLSE Composite Index rose 4.72 points
      Bernama  -  4,184 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      56 19 BusinessEmes' BANKING, FINANCE INSURANCE '91 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. Don't miss it. FREE with your copy of Business Times today. Make sure
      56 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares off day's high on lack of strong factors
      2210 20 Reuter TOKYO stocks closed firmer yesterday, but off the day's highs, as a rebound from Tuesday's decline flagged because there were too few fundamental factors to sustain it. Wall Street's 1.5 per cent gain on Tuesday had encouraged the market in
      Reuter  -  2,210 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Rise in Wall Street helps to boost HK stocks
      1939 20 AFP SHARE prices rose moderately with the Hang Seng Index gaining 30.61 points or 0.85 per cent to close at 3,625.39 yesterday. Turnover, however, dropped to HKSI.O9 billion (***** million) from Wednesday's $1.37 billion. A rise on Wall Street overnight led
      AFP  -  1,939 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      25 20 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by I elerate Managers must manage. Business Times shows you how every Monday.
      25 words
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  • REGIONAL STOCK MARKETS
    • Manila stocks buck weaker Asian trend
      • Article
        AUSTRALIA
        913 21 AUSTRALIA'S All Ordinaries Index yesterday fell below the 1,500 barrier for the first time since April 17 before it partially recovered to end above the psychologically-important level. After plunging to a low of 1,497.8 in afternoon trade, the All Ordinaries Index closed at 1,503.0, still down 16.0 points on
        913 words
      • Article
        BANGKOK
        802 21 THAI stock prices finished lower in weak trading for the second consecutive day yesterday with the SET Index closing at 809.25, down 1.08 points. "The market was not busy with investors hesitating to buy and sell shares, even though overseas markets rallied," said a broker from Mithai Europartners Finance
        802 words
      • Article
        MANILA
        531 21 HEAVY buying of telephone stock PLOT spilled over to selected blue chips and other issues, resulting in an across-the-board rise in Philippine shares yesterday. The Manila Stock Exchange Composite Index rose 16.25 points to close at 1,183.40, breaking a two-day decline. "When a market leader like PLDT is leading
        531 words
      • Article
        TAIPEI
        405 21 HEAVY selling in late trade yesterday pulled Taiwan share prices down to close sharply lower as small investors reacted to profit-taking by big players. The Weighted Index lost 225.58 points or 3.8 per cent to finish at 5,713.59 compared with Tuesday's 5,939.17 close. Turnover was NT545.2 billion against NT533.3
        405 words
      • Article
        SEOUL
        780 21 SEOUL share prices slid to a new low for this year in scant trading yesterday. The Composite Index lost 1.49 points to finish at 612.33, falling through the previous low for 1991 of 613.34 points reported on Jan 16. Declines led advances 378 to 134 among the 718 issues
        780 words
      • Article
        BOMBAY
        57 21 TRADING at India's main stock market in Bombay was cancelled for the day yesterday after a bomb threat to police forced evacuation of the building. Bombay Stock Exchange officials said police ordered evacuation of the building after an anonymous telephone call saying a bomb had been planted in the
        57 words
      • Article
        NEW ZEALAND
        93 21 NEW ZEALAND shares ignored Wall Street's 44-point gain to end lower yesterday after being generally flat in the morning session. Brokers attributed the decline to a number of recent placements by leading companies and to Telecom Corp's impending issue of shares to the public. The Barclays Index lost
        93 words
      • Article
        Untitled
        1151 21 Clo« Previous May 29 SYDNEY All Ordinaries Index 1,503.0 1,519.0 -16.0 All Industrials Index 2,354.6 2,378.7 -24.1 All Resources Index 854.8 864.6 -9.8 Turnover (million) 104.49 65.17 +39.32 BANGKOK SET Index 809.25 810.33 -1 08 Turnover (million baht) 2,590 3,570 -980 JAKARTA Composite Index NA 402.74 MANILA Composite Index 1,183
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  • Page 21 Advertisements
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  • WORLD STOCK MARKETS
    • Broad rally pushes Dow up 45 points
      • Article
        Untitled
        123 22 May 28 Close Previous NEW YORK Dow Jones 2,958.86 2,913.91 +44.95 NYSE Financial 153.56 152.01 +1.55 SAP 500 381.94 377.49 4 45 Turnover (million) 162.4 124.64 +37.76 LONDON Financial Times 30 1,937.0 1,932.5 +4.5 FTSE 100 2,479.7 2,471.1 +8.6 Turnover (million) 288.5 436.9 -148.4 AMSTERDAM CBS Tendency Index 94.5 94.1
        123 words
      • Article, Illustration
        NEW YORK
        1533 22 WALL STREET came to life late on Tuesday, but traders said there was little hard news to account for the broad rally. Rumours that the Fed might cut interest rates further to stimulate the economy, and seemingly contradictory rumours that smart money is moving into cyclical stocks to
        1,533 words
      • Article, Illustration
        LONDON
        745 22 LONDON shares yesterday opened higher in light trading, on the back of a strong performance on Wall Street the previous day. The blue-chip Footsie 100-Share Index was up 11.2 points at 2,490.9 by mid-moming. The narrower FT 30-Share Index was up 9.9 points to 1,946.9. Volume amounted to around
        745 words
      • Article
        FRANKFURT
        228 22 GERMAN share prices rose at the start of bourse trading yesterday after a thin pre-bourse session. The DAX 30-Share Index of leading German shares was 11.81 points higher at 0845 GMT at 1,693.95. Traders said buying interest began to emerged at the start of trade after Tuesday's consolidation and
        228 words
      • Article
        AMSTERDAM
        266 22 DUTCH shares were mainly firmer in quiet early trading yesterday as European bourses opened higher but failed to match Wall Street's sharp gains on Tuesday. At 0915 GMT the CBS Tendency Index was up 0.3 at 94.8. Blue chip food to detergents group Unilever stood out with a gain
        266 words
      • Article
        PARIS
        164 22 THE PARIS bourse broke out of its week-long torpor yesterday, rising early on the back of gains in overseas markets and a string of favourable news items concerning blue chip French companies. The CAC-40 Index started at 1,823, up 15.19 points or 0.84 per cent from Tuesday night's close.
        164 words
      • Article
        MILAN
        164 22 ITALIAN shares closed little changed in mediocre trading volumes on Tues- day, although insurer Latina and agribusiness group Eridania posted solid gains. Brokers said Latina was boosted by speculative buying on rumours it would be sold to insurer Fondiaria, while Eridania gained ground following Monday's announcement the company expected
        164 words
      • Article
        ZURICH
        223 22 SWISS shares opened slightly higher yesterday, supported by Wall Street's 45-point surge on Tuesday and Tokyo's firmer showing. The SMI Index of leading shares added 4.2 points to 1,727.7 points in early trading. Zurich May 28 Franca Actions Suisses 1120 Alusuisse Br II2S unch Alusuisse Reg Brown Boven Br
        223 words
      • Article
        JOHANNESBURG
        368 22 JOHANNESBURG gold shares posted strong gains in brisk early trading yesterday, boosted by a rally in world bullion prices to above US$36O an ounce overnight. Heavyweight Vaal Reefs added seven rand at 209 and Freegold 1.10 rand at 25, with related mining Financials and other leading minings mostly following
        368 words
      • Article
        BRUSSELS
        169 22 BELGIAN shares yesterday started mostly firmer in slow trading with Wall Street's higher close on Tuesday and easier domestic interest rates giving some support to the market. At 0845 GMT the BEL2O Index was up 3.69 points at 1162.58 and total market volume was worth 269 million francs. "Activity
        169 words
      • Article
        STOCKHOLM
        63 22 ON THE Stockholm bourse, shares recovered from an early round of profittaking on Tuesday and closed slightly up from Monday in active trade. The bourse General Index closed 0.07 per cent up at 1,088.48 in turnover of 377 million crowns. Blue chips were 0.4 per cent firmer on average,
        63 words
      • Article
        TORONTO
        257 22 TORONTO stocks on Tuesday steadily climbed throughout the day to close at the day's peak with a one per cent gain, on hopes the economy is beginning to recover from the recession, dealers said. "I don't see any fundamentals to support it," one trader said. "It was a program
        257 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      34 22 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berila Mingau, Shin Min, LianHe Wanßao call our Hotlines 740-1839. 740-1840. On target, chartpoint in BT on Saturday
      34 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Hongkong dollar hits record high against the greenback
      1167 23 REPORTS Tokyo: THE US currency finished firmer against the yen and steady against the mark in extremely quiet trading yesterday. The dollar ended at 137.60 yen and 1.6938/40 marks against 137.43/48 and 1.6930/40 at New York's close on Tuesday. The dollar opened
      1,167 words
    • Article
      INTERBANK FOREX RATES
      369 23 Cross rates May 29 USS SS MS Dm Yen SFr AS NZS USS 1.7660 2.7545 1.6930 137.65 0.5721 1.4435 1.3106 1.7123 SS 0.5663 1.5597 0.9587 0.7794 0.3239 0.8174 0.7421 0.9696 MS 0.3630 64.11 0.6146 0.4997 0.2077 0.5241 0.4758 0.6216 Dm 0.5907 1.0431 1.6270 81.31 0.3379 0.8526 0.7741
      369 words
    • Article
      MONEY MARKET
      550 23 Interbank rates SS Bid Offer Overnight 4 3/4 5 1-month 5 3/8 5 1/2 2-month 5 1/2 5 5/8 3-month 5 9/16 5 11/16 Oilfijht mode: 5-1/4 LSS Bid Offer 7 days 5 7/8 6 1 month 5 7/8 6 2 months 5 15/16 6 1/16 3 months
      550 words
    • Article
      Lock icon Peseta may have become too strong for Spain
      694 23 IHT PARIS Don't cry for the peseta. Shed a few tears, though, for the Bank of Spain, which has the unenviable task these days of trying to manage a currency that may have become too strong for the Spanish economy's own good.
      IHT  -  694 words
    • Article
      FINANCIAL FUTURES
      1163 23 SIMEX EUKOOOUAB Open High Low Sett Est Vol Op/lnt Vol Jun 91 93.94 93.94 93.93 93.94 551 ***** 156 Sep 91 93.74 93.75 93.73 93.75 2000 U543 4153 Dec 91 93.24 93.26 93.24 93.26 700 ***** 703 Mar 92 93.09 93.11 93.08 93.10 780 7102 242 Jun 92
      1,163 words
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  • COMMODITIES
    • Article
      Lock icon Saudis aim for two more refineries
      520 24 Reuter DUBAI Saudi Arabia's plan for refinery joint ventures with Japan brings the world's biggest crude oil exporter a step closer to its aim of operating petrol pumps in every major oil consuming centre. A deal announced in Tokyo on Tuesday between state-owned Saudi
      Reuter  -  520 words
    • Article
      Lock icon Opec ready to boost output to 23m bpd
      277 24 FT ISFAHAN, Iran Oil ministers are expected to agree to a slight increase in oil production at next week's meeting of the Organisation of Petroleum Exporting Countries (Opec) in Vienna. Ministers could raise the organisation's production ceiling from 22.3 million barrels a
      FT  -  277 words
    • Article
      Brazil report causes tin price to ease
      844 24 REPORTS THE PRICE of tin eased 14 sen to M$ 15.20 per kg in easier trading on the Kuala Lumpur Tin Market yesterday. Dealers said the London Metal Exchange was down by US$55 overnight on reports that Brazil's garimpeiro (unofficial) tin miners may
      844 words
  • Article
    PRICES
    1321 24 Rubber May 29 MS (I* **M) S cents/kg Noon CTose Int 1 RSS Prompt I44.00/I45.00N 144 00/I45.00N Int 1 RSS June 91 146.00/146.50 146.00/146.50 Int 1 RSS July I47.50YI48.00 147.50/148.00 Int 2 RSS OP 143.5<V145.50N 143.50/I45.50N Int 3 RSS OP 140.00m2.00N *****/142.00N Int 4 RSS OP 136.00/138.00N 136.00/138.00N Int
    1,321 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      438 24 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-49*2 IN THK MATTER OF THE COMPANIES ACT, CAP. M AND IN THK MATTER OE PLANT AND SYSTEMS EVALI ATORS PTE. LTD. (la Member's Valaatory IJquldatUn) NOTICE OK RESOLUTIONS Pursuant to Secttoa ZM<t)<b)! At an Extraordinary General Meeting of the Company held at 545, Orchard
      438 words
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      Page 24 Advertisements Column 2
      541 24 In the matter of The companies Act Cap. 50 And In the matter ol TENACOR PROPERTIES PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up At an Extraordinary General Meeting ol the members ol the abovenamed Company duly convened and held at 220 Orchard Road #05-01 Midpoint Orchard Singapore 0923
      541 words
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      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1107 25 City Flight ETA Flight ETD Abu Dhabi GA975 1300 GA894 2340 GA887 1225 Adotoido SQ228 1905 QF5 2000 Amsterdam SQ23 0715 KL838 2115 GA975 1300 GA894 2340 KL837 1415 SQ24 2355 Auckland BAH 1225 SQ325 2115 Seri Begawan BI095 0110 SQ182 0915 BI421 1105 BI422 1205
    1,107 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Sik park all set to attract tourists
      574 25  -  LETTER FROM ALOR STAR By Fairos Nazri NOT MANY tourists have heard of Sik Recreational Forest Park in Kampung Charuk Kit but it is destined to be a major tourist attraction in the Malaysian state of Kedah, just as Pulau Langkawi, Gunung Jcrai
      574 words
    • Article
      MONEY CHANGER RATES
      154 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.33S 1.3SS Canadian dollar I.S28 I 548 NZ dollar 1.020 1.055 Sterling pound 3.065 3.085 US dollar 1.7600 1.7700 Local dollars to 100 units of foreign currency Austrian schilling 14.50
      154 words
    • Article
      WORLD TRADE EXHIBITIONS
      83 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td May 27 to International Barcelona. Foire de ********** June 5-11 International Beijing China *****2750 June I Informatics Spain Barcelone Medical International Exhibition Instrument Exhibition June 5-7 Specialized for Graz. Grazer Messe ********** Equipment Centre High-Tech Austria International
      83 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      41 25 Kokkola? Ifs the real thing when you book Finnair. With a superb twice-weekly service from Singapore direct to Helsinki and then on to everywhere in Europe from Kokkola to Co-Copenhagen. Call *****77 for details. We know Europe from start to Finnish.
      41 words
    • Advertisement
      Page 25 Advertisements Column 2
      27 25 Willi k ERIK'S CMIMK WILL MARSEILLE'S TEAMWORK TRIUMPH OR WILL RED STAR CARRY THE DAY? Kjjt The latest news and much more. From lunch-time. Monday to Saturday.
      27 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      264 25 1 Felix might angle for this hJ Lh H H 5 Compound that weakens the spirit (4) 1,1 9 Some things at home UH |H[ should look better for way pro- 111 If vided (5) 12 Lines right for the cheque ~|H| B mil 15 But the material JHHH for
      264 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      225 25 Singapore Outlook: Showers over a few areas in the late morning and early afternoon. Forecast: Maximum temperature 32.5 Assoc humidity 69% Minimum temperature 35.3* C Assoc humidity 98% Hours of sunshine 9.85 Rainfall in mm Nil Rainfall this month 244.3 Rainy days this month 19 World forecast Asia-Pacific Hi/Lo* Cond.
      225 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      36 25 g®g i sg& r s T F«M'S W»»D€*..7 r r r-CoA J** waa^tij "V r **t- IT ftojPN- 1 1 CM I rT BBjMG rr Bmcjc ©43fc r 1 J c Evtmnq stawdaTO CO. LTD.. ItC3-1t»1
      36 words
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  • Article, Illustration
    Phone users face lower bills with revised rates
    395 26  -  By Michelle Low COME December, when the time-based telephone call charging system comes into play, local users will need to pay less than what was originally proposed, now that Singapore Telecom has revised its rates. Not only have standard rates been reduced,
    395 words
  • Article
    Lock icon Schlesinger proposed as Poehl's successor
    139 26 Reuter BONN German Finance Minister Theo Waigel proposed to the Cabinet yesterday that Bundesbank deputy president Helmut Schlesinger, 66, succeed Karl Otto Poehl as president of the central bank effective from Aug i. Mr Schlesinger would be president through Sept 30, 1993. Mr Waigel proposed
    Reuter  -  139 words
  • Article
    Lock icon Belt tightening for HK as inflation soars 14pc
    365 26 Controversy over measures to be announced AFP HONGKONG Controversy is expected to follow a belt-tightening package to be announced late yesterday as the local government tries to curb a surging 14 per cent inflation rate. Government sources said the measures to be
    AFP  -  365 words
  • Article
    Seagate invests US$7.8m in second Penang plant
    346 26  -  By Claire Leow SEAGATE Technology International, the Californianbased disk drive maker, continues to make strides in the region soon after announcing plans to expand into Batam. It is investing US$7.B million (S$ 13.8 million) in a second plant in Penang. To be ready
    346 words
  • Article
    Europe-Asia trade on EC-Asean meet's agenda today
    218 26  -  From Sharon Lau in LUXEMBOURG FURTHER developments to the Uruguay Round of multilateral trade talks will be discussed during the 9th EC-Asean Ministerial Meeting starting here todav The two-day meeting will allow an exchange of views on international political issues between foreign and
    218 words
  • Article
    Lock icon Swan takes lead in alcohol abuse warning
    89 26 AFP PERTH Swan Brewers of Australia said on Wednesday that its produets would be the first in the world to earn a warning against aleohol abuse. All Swan cans, labels, eartons and advertising would carr\ a logo advising women not to exceed two
    AFP  -  89 words
  • Article, Illustration
    Qualifications not the only thing that matters
    558 26  -  The Bottom Line SREE KUMAR SREE KUMAR The writer, formerly a management consultant, is currently a research fellow at the Institute of South-east Asian Studies. The views expressed are entirely his own IT must have taken Mr John Major considerable courage to state,
    558 words
  • Article
    Lock icon Taiwan minister is first govt official to disclose assets
    204 26 AFP TAIPEI Jaw Shau-Kong, a new appointee to Taiwan's Cabinet, became the first government ofTicial here to disclose his assets by making public yesterday a listing of property owned by he and his wife. Mr Jaw, who has been designated director-general
    AFP  -  204 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      289 26 Nikon i 'The World's Finest Photographic Systems B^USINIiSS^TINiES TELEP H O N E 730-***** 5 9 0 2 I 5 9 4 1 FAX: 734- 4 9 8 1 mtmm, <■<: m V® FTC JOB-MATCH CHINASEARCH I s .y.-M" wmm wi 7 he most /x merjul you can ever have
      289 words
    • Advertisement
      Page 26 Advertisements Column 2
      283 26 Nikon The World's Finest Photographic Systems July 11-12 1991, Hilton International, Singapore Increase the value of your IT system How to sell the plan to users and This executive workshop is designed to management show you how to build an information ase histories strategy that supports your business goals, delivered
      283 words
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  • ShippingTimes
    • Article, Illustration
      Keppel teams up with Smit Tak in tug venture
      367 27  -  By Rahita Elias LOCAL CONGLOMERATE Keppel Corporation has joined forces with the world's largest salvage operator, the Netherlands-based Smit Tak group, in a harbour tug venture to operate in both local and regional waters. The new company, Keppel Smit Towage, is
      367 words
    • Article
      PAT likely to keep one wharf at privatised Laem Chabang
      466 27 BANGKOK The Port Authority of Thailand is likely to privatise Laem Chabang Commercial Port but keeping at least one wharf, according to a high-ranked source from the port authority. This follows the Transport and Communications Ministry's order requiring the PAT
      466 words
    • Article
      Lock icon French-led group wins Texan bullet train deal
      471 27 Cost of Dallas-Houston link estimated at USs4b Reuter AUSTIN, Texas A French-led consortium, which includes the manufacturer of France's high-speed rail system, was awarded a franchise on Tuesday to build and operate in Texas North America's first high-speed bullet train. The Texas High
      Reuter  -  471 words
    • Article
      Lock icon Deutsche Airbus incurs $390m loss
      238 27 AFP HAMBURG Deutsche Airbus, the German partner in the European Airbus consortium, said on Tuesday that it incurred a loss of 376 million marks (SS39O million) in 1990 in what the company nevertheless said was a "good year". Sales were up 13.1 per cent at
      AFP  -  238 words
    • Article
      Lock icon Maritime training
      93 27 Reuter LONDON More efforts are needed to improve training and safety standards in the maritime industry, the International Shipping Federation (ISF) said. Participants at the federation's annual meeting in Paris on Monday agreed to review the International Maritime Organisation's (IMO) Convention on Standards of Training. Certification and Watchkeeping,
      Reuter  -  93 words
    • Article
      SIA orders 20 jet engines from Pratt & Whitney
      302 27  - SIA orders 20 jet engines from Pratt Whitney By Dexter Lee SINGAPORE Airlines has ordered 20 jet engines worth US$l4O million (***** million) from Pratt Whitney to power the carrier's growing wide-body fleet of aircraft. A Pratt Whitney statement from East Hartford said eight of the engines will be used
      302 words
    • Article
      Lock icon Aerospatiale hits out at aggressive US trade policy
      340 27 AFP PARIS French group Aerospatiale has accused the United States of stepping up its aggressive trade stance, notably by giving away some US$5.2 billion (Ss9 billion) worth of arms this year. Aerospatiale deputy director for international affairs, Francois David, cited this and
      AFP  -  340 words
    • Article
      Lock icon Tanker ablaze off Angola
      245 27 UPI JOHANNESBURG A Li-berian-registered tanker was ablaze on Tuesday night off the coast of Angola after a major explosion hit the oilship during a voyage from Iran to Rotterdam. Holland. As night fell 1,435 km offshore in the southern Atlantic, a small flotilla of vessels broke
      UPI  -  245 words
    • NEWS SUMMARY
      • Article
        Time to look again at over-regulation
        38 27 LIEN HARD Schmidt, former policy and planning manager at West German liner company Hapag-Lloyd, offers a personal view of the European Community quagmire on competition rules covering consortia and customers. Page 2
        38 words
      • Article
        Aberdeen opposes Bill on British trust ports
        29 27 ABERDEEN port officials are objecting strongly to the British government's enabling Bill to compel the privatisation of British trust ports. Back Page
        29 words
      • Article
        Doubts on deregulation
        38 27 EUROPEAN financial deregulation in 1992 will produce "nothing but a large price war that is going to last quite a few years," says Ken Ziegler, president of Continental Insurance's Marine and International Group Back Page
        38 words
      • Article
        Larger European role for US insurers unlikely
        65 27 FOR ALL the high expectations among US insurance companies at the potential business opportunities in Europe post-1992, "US companies will continue to play a very small part in the European market in terms of market share and business interrest," says Gary Parr, managing
        65 words
      • Article
        McDonnell may launch new version of MD-80
        72 27 MCDONNELL Douglas Corp said it is considering the launch of a new smaller version of its MD-80 jetliner to be built in the People's Republic of China for sale on the world market. The 105-seat jetliner would be aimed at airlines which are
        72 words
      • Article
        Off the roads and back on the rails
        37 27 THE British government on Tuesday moved to get traffic off the roads and back onto the railways in a sudden U-turn away from its car-centred transport policy Back Page
        37 words
    • LOG BOOK
      • Article
        ANA applies to operate Fukuoka-Bangkok flight
        70 28 TOKYO All Nippon Airways Co Ltd (ANA) has applied to Japan's Ministry of Transport for permission to operate a Fukuoka-Bangkok service, an ANA spokesman said. ANA plans two flights a week, starting on August 10, between the south-western Japanese city and the Thai capital
        70 words
      • Article
        Shipowner elected chairman
        44 28 OSLO Norway's Christiania Bank og Kreditkasse said the bank's committee of shareholders' representatives elected shipowner and former defence minister Per-Ditlev Simonsen as chairman of the board, replacing Tor Moursund. Ditlev-Simonsen would serve in the post for two years, a statement said.
        44 words
      • Article
        TWA wins temporary stay
        89 28 NEW YORK Trans World Airlines Inc won a temporary stay from a federal appeals court barring a Connecticut bank from repossessing 10 of its jets and 96 jet engines. The stay was issued by a three-judge panel of the US Court of Appeals for the Second
        89 words
      • Article
        Air Inter cancels 30pc of flights
        75 28 PARIS Air Inter, France's domestic airline, cancelled 30 per cent of its flights for yesterday and today due to a planned strike by pilots and navigators. The company announced the cancellations on Tuesday after a breakdown in talks over internal operations with the National
        75 words
      • Article
        Rolls-Royce chief takes pay cut
        81 28 LONDON Rolls-Royce chairman Lord Tombs said on Tuesday he would take a 10 per cent cut in his basic pay in view of the financial difficulties faced by the company. He announced his decision at the British aero engine manufacturer's annual shareholders' meeting in London.
        81 words
      • Article
        NZ warship moors at Papeete
        65 28 PAPEETE, French Polynesia A New Zealand warship entered French Polynesian waters on Saturday for the first time in 12 years, mooring at Papeete. The warship Southland's presence is a sign of improved relations between New Zealand and France, soured by the bombing of the Greenpeace
        65 words
    • Article
      DAILY FREIGHTS
      894 28 CONTINUED strength in timecharters and tight tonnage availability in the panamax sizes underpinned freight rates on Tuesday, dry cargo brokers said. Most eyes remained fixed on decision-makers in the US where the Soviet Union may soon receive farm credits for grain purchases, they said. The expected Soviet purchasing
      894 words
    • Article, Illustration
      Lock icon It's time to take another look at over-regulation
      864 28  -  Lienhard Schmidt, former policy and planning manager at West German liner company Hapag-Lloyd, offers a personal view of the European Community quagmire on competition rules covering consortia and customers Lienhard Schmidt Lloyd's List THE headline "EC prices clamp on conferences" dominated recent
      Lloyd's List  -  864 words
    • Article
      COCKETT BUNKER MARKET REPORT
      821 28 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      821 words
    • Article
      THE SHIPPING GUIDE
      11384 36 This is a list of ships loading Jui at Singapore for ports around Nc the world. It tabulates, by vi destination, the name of the j U i ship, the shipping line in- S?i volved and the estimated 7 dates of arrival and departure m from the
      11,384 words
    • Article
      SHIPPING AGENTS
      3321 41 A ■L C ontainer line NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkria Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Albutros Sen-Air Service: Frata Shpg Pte
      3,321 words
    • Article
      COURIER SERVICES
      263 41 Abacus Couriers Td: 545-8011. Fax: *****98. Air Express Travel Td: 533-5771. Fax: *****44 A aimw rrttgni i orporaooti Td: 542-8844 Fax: *****16, *****80. AJnwift Worldwide Courier Td: 278-0188. Fax: *****83. AJS Supplies Td 748-6322 (2 lines), 747-7421. Fix: *****75. CHy-Liak International Td: 344-3377. Fax: *****50. Claater Link Supplies
      263 words
    • Article
      AIR FORWARDERS
      1519 41 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Siagapore Tel: 542-7812: Fax: *****20. Aerotiak Freight International Td: 545-803! Fax: *****05. \eroaoeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax *****06. Air Express InteraatioaaJ Td: 542-7666. Fax: *****74, *****50. Air
      1,519 words
    • Article
      PORT CONDITIONS
      2009 42 ARGENTINA Buenos Aires: The dispute with the gantry crane operator spread to other machine/crane operators. The port was disrupted by union action. Although their demands have not been fully met, crane operators are working normally again. In the past few days arrival have outnumbered sailings and the port
      2,009 words
    • Article
      AIR FREIGHT SCHEDULE
      459 42 ARRIVALS Q» Flight Type ETA T Frw TODAY KAL KE697 B707F 0150 1 SEL NCA K2203 B747F 1930 I NRT KAL KE685 A30F 2345 I SEL/MNL TOMORROW JAL JL615 B747F 0240 1 TYO NWA NW901 B747F 1735 1 ORD/ANC/NRT S1A SQ821 B747F 1755 2 LON/DXB NCA KZ203
      459 words
    • Article
      Lock icon WEEKLY FREIGHTS
      530 42 AFP FREIGHT rates continued to advance over the past week in London, supported by a feeling that a further extension of US credits to the Soviet Union was imminent, traders said. The Baltic International Freight Futures Exchange (BIFFEX)'s Baltic Freight Index gained 55 points to finish at 1,715.
      AFP  -  530 words
    • Article
      CRUISE & FERRY SCHEDULES
      298 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Att De» Now of Vwri ETA ETD Ports of C«lfa Port Ayt JUNE 03 03 Fairstar 0800 1300 Surabaya-Sin- Boustcad Shipping Shipyard 04 04 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 07 08 Andaman Princess 1800 1100 Cruise-To-Nowhere Lines Int Holding 08 08 Cora Princess
      298 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        486 43 Vessel Voy No Berth Arnvi Departue Vessel Voy No Berth Arrival Oepjrhxt Keppd Wharves Frotano 63EB K29 2905/1600 Wmeverett 102E K30 alongside 3005/0600 Kota 9/91 K32 3005/0600 Kota Maiu E-898 K31 H30 05/2300 Pearl 1 1/91 C10 alongside 30 05/1100 Amstad 45A K34 30 05/1215 05 06/0600
        486 words
      • Article
        CONTAINER SCHEDULE
        1285 43 E 2 TTTTl FCL CONTAINERS AND LCL C 9v Voy No Etb/Btr Record >enod Bookinf/Babnce From To Rstts From ACX Rose 14 31/0400 2 3 29/1700 30/0700 30/0659 30/1159 30/0900 30/1400 Amerean Seti EF121 01/0900 29/1700 30/1200 30/0659 30/1459 30/0900 30/1700 Anson *****N 31/2359 3 4 30/0700 30/1200
        1,285 words
      • Article
        IN MALAYSIAN PORTS
        249 43 PmaiH Port Berth Buttenwrth on May 30: 1: Glory Seta tan VI; 2; Yu Yi i, 3: Deli Lestan, Sri Arika; 4: nil; 5: Uni Summit 6: Aka Bhum. Penang Mart; NB: ni; C8: Cipta Raya; SB: Victory. BCT: Bi Mma; BM World Aretus; l/B: Opal. VOTP;
        249 words
    • Article, Illustration
      Aberdeen opposes Bill compelling privatisation of UK trust ports
      438 44 ABERDEEN port officials are objecting strongly to the British government's enabling Bill to compel the privatisation of British trust ports. Mr Barkley Braveweight, the general manager of Aberdeen port, said that the port has no objections to the principle of privatisation.
      438 words
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      Lock icon Deregulation will lead to price war: insurance group
      272 44 Lloyd's List LONDON European financial deregulation in 1992 will produce "nothing but a large price war that is going to last quite a few years," says Ken Ziegler, president of Continental Insurance's Marine and International Group. Mr Ziegler saw alliances between insurance
      Lloyd's List  -  272 words
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      Lock icon Larger role for US insurers unlikely
      225 44 Lloyd's List LONDON For all the high expectations among US insurance companies at the potential business opportunities in Europe post-1992, "US companies will continue to play a very small part in the European market in terms of market share and business interrest," says Gary
      Lloyd's List  -  225 words
    • Article
      Lock icon McDonnell may launch new version of MD-80
      367 44 The 105-seat aircraft will be first US jetliner built in China for export Reuter CHICAGO McDonnell Douglas Corp said it is considering the launch of a new smaller version of its MD-80 jetliner to be built in the People's Republic of China for
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      Lock icon British govt moves to get traffic off the roads and back on the rails
      301 44 UPI LONDON The government on Tuesday moved to get traffic off the roads and back onto the railways in a sudden U-turn away from the car-centred British transport policy launched by Margaret Thatcher. Transport Secretary Malcolm
      UPI  -  301 words
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      100 27 BSWEE HENG METAL CO PTE LTD No 13. Tuas Avenue 14, STORE 2263 FAX: 661-2946 TEL: 861-5855 (5 m! Sote Agent TLX: RS ***** SHMCPUHM Wk\ V Equipment Industrial Maintenance Equipment Also buy.sell rental A repair IFB INTERNATIONAL FREIGHTBRIDGE PTE LTD 70 Shenton Way Marina House #13-02 Singapore 0207 Tel:
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      50 27 A* Forwarders 15 Air Fretfit Schedule 16 Cockett Report 2 Container Schedule 17 Couner Services 15 Cruse Ferry Schedules 16 Datfy Fmghts 2 Index to Advertisers 3 Port Conditions 16 Shipping Agents 15 Shipping Guide 10.11 Ships in Port 17 Singapore Tides 1' Weather and Sea Condrtwns 17 Weekly 16
      50 words
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      196 28 Shipowners, reduce your inmarsat traffic costs by up to 85% with MariNet is a message handling and data transmission system optimised for use over radio and satellite circuits. MariNet has been proven in practise to save up to 85% of all message traffic costs. MariNet, originally developed for the large
      196 words
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      1628 29 bj. JAROINE SHIPPING AGENCIES A%l|## 200 Cantonment Road #12 05 Southpomt. Smgapwe 0208 AllVf/ Tel *****11 TELEX NO RS m mrrrrmm terminal th *****1 a 220 rKtfnn BOOKINGS rei *****34 258 L lofifiAf J PESAKA JAROINE SHIPPING AGENCIES SON BHD LWJ PORT KELANG TEL: *****18 NO MAK477/MM9701 PENANG TEL *****4
      1,628 words
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      907 29 INDEX TOADVKTgEIK Col P»*e Col r .MISC 14 1-3 M'sia Shpg Corp 9 1/2 Mercury Line 12 2 ABC Containerline 12 1 #MQL 18 4/ 5 Aroord Group 8 1-3 MOSK (Forest) 5 5 M R Forwarding 13 APC Line 13 j I^2 *AS L 3 1/2 M 6 4/5
      907 words
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      1823 29 mamssassm TWO SAILINGS PER WEEK TO USA SINGAPORE/TACOMA 18 DAYS ETD WEEKLY TUESDAY ANO WEDNESDAY SINGAPORE/LON6BEACH 19 DAYS Vessel Voy ETA I ETD 'Port 'Penang 1 DESTINATIONS Singapore Kelang This ho Marchan Maartk 9106 Faadar By oaoo mrs piuo HiH HIH CfS 3/6 2350 MRS OAK LOB HOU MEM ATL
      1,823 words
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      1217 30 ROTTEDAM/j j f VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE KASUGA 15/121 30/5 20/6 18/6 17/6 MONTE ROSA 13/321 1/6 18/6 20/6 23/6 24/6 UMnMhI ELBE 05/122 6/6 27/6 25/6 24/6 Alt WSTtOUNO W. LEVERKUSEN EXPRESS 01/322 9/6 26/8 28/6 1/7 2/7 BDSw»K)IA*6 CARGO LONDON EXPRESS 02/123 13/6
      1,217 words
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      685 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT IS LA FLOREANA 2208E 1/6 13/6 15/6 21/6 ALSO ACCEPTING CARGO VIA SUVA TO: lAUTOHA. PAGO PAGO, APIA I NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP CLX SAI (PERU) IS LA FLOREANA 2208E 1/6 4/7 5/7 8/7 9/7 10/7 Agents —SINGAPORE
      685 words
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      1395 30 KffiIaIMUUNUI REGULAR INDEPENDENT FULL CONTAINER SERVICE wE§Tß6und f6r EUROPE VSI/VOY SIN ALG BCL HAM BRE ROT ANT Fa LHA (VIA (VIA (VIA ALG) HAM) ROT) JAPAN SEA 112* 31/05 20/06 21/06 25/06 26/06 27/06 28/06 29/06 30/06 NORASIA SINGA 9113-3 07/06 2S/06 29/06 02/07 03/07 04/07 05/07 06/07 07/06 NORASIA
      1,395 words
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      2105 31 ®jgSteamers Maritime Holdings Ltd! P&O griW STRAITS SHIPPING I Containers I Vo, No +Pw/ Pkl S port »l| Sou Ant Rot Hb| ACCEPTS out SMS I LEIA MAEUSA 910* 25/09 27/05 30,05 13 04 16,0 C 17 06 19/06 CWGO I IWUPORT BAY 0526 25/05 27/05 01/0« U/06 20/06 22/06
      2,105 words
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      1997 31 TO: U.S.A. PANAMA FM: U.S.A./PANAMA mc Not urn can iGa oak v OA* IGB C*l EM SA» N0« NYC CHOYANG SUN WA US M/ 4 12/4 14/4 IJ/4 M/ 4 M/ 4 1/t AMERICAN SENATOR EFI2I l/« M/ 4 M/ 4 14/1 l 7 OS* YOKOHAMA NA 11< 11/4 l»/4
      1,997 words
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      369 31 f/sjismLrmirrmjßumrrri STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR OSAKA/NAGOYA/ YOKOHAMA AMBALIKA V62NB ETA SPORE 6/6/91 ETA PK 8/6/91 COSMIC LEADER VINB (MAIDEN VOYAGE) ETA SPORE 10/6/91 ETA PK 13/6/91 LOADING FOR BANGKOK CHAMPION TRADER Vl7 ETA SPORE 1/6/91 ETA BANGKOK 5/6/91 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG TAIWAN CHINESE PORTS.
      369 words
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      529 32 CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSIJVOY |S POM€ ROAM, ADAM H BURG BREMEN ANTWERP MAT ARAM/29W8 IME W 27/7 31/7 3/8 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISEO CARGO f Sub|*ct to )rtduc«m«nl Also accepting cargo to Caaablanca, Port Saw. Port Alexandria. Ganoa. Trlaata ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL
      529 words
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      983 32 J4 3t ii. HANJIN SHIPPING UN HI ScT I HANJIN CHUNGMU 07IW Jl/5 21,« 21/« H/« 15JS5 r<K oS 10/IINKCI 1/7 I HANJIN LONGBEACH 033W 5/6 23/6 24/6 25/6 25/6 26/6 2^/^ll H ANjm FELIXSTOMC OOSEj 17/6 DIRECT t/7 11/7 I HANJIN HONGKONG 029W 9/6 27/6 28/6 29/6 29/6 1/7
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      1217 32 LTJ I Ti I~T~T— Kl SCP H*G KSG KIG PUS HIT OS* NET SMZ TYO LAI CHS 6AL NTCLMI MRHMTW fffl m I i glory k m a/s h n */t s/c in io/c 12/t w/f is/t if/t 17/t a/t ion 12/7 un 21/7 m/ 7 a/7 a/7 a/7 7/1
      1,217 words
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      1401 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: NEPTUNE LINK TEL: *****00 yj USA SERVICE-*****16 TERMINAL OFFICE-*****22 UK/EUROPE SERVICE-*****19 DOCUMENTATION DEPT: *****44/*****14 AUST/INDIA/PAK SERVICE -*****18 CFS: K27 EXPORT: *****53/*****04 SSS m FAR EAST SERVICE-*****48 CFS: K27 IMPORT: *****69^*****50 55S nepune sdn bhd Malaysia K L -(03) *****33,
      1,401 words
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      438 33 r»NTWERP "~2/6~1 KAOHSIUNG [coSmbo i/f BREMEN 2/6 KEEIUNG 2/6 BOMBAY 2/6 HAMBURG 2/6 HONG KONG 3/6 KARACHI V* LEHAVE/LONDON 2/6 M NIIA 1/6 KSHL.,FELIXSTOWE 2/6 JJ™* CH TTAGONC 31/5 GENOA 2/6 BUSAN 31/5 CALCUTTA 3/6 MARSEILLES 2/6 BANGKOK 1/6 nfRf!VTVTI^H^HH 1 ROTTERDAM 2/6 JAKARTA 2/6 'PORT KELANG 31/5 I SYDNEY
      438 words
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      903 33 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES WSCHARGWG FROM EASTBOUND LOAONG FPU WESTBOUND TRANSITED AT ROTTERDAM vtsstis vor Ig |ha mc wt
      903 words
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      1169 34 Ktt AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) V W V TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 W H lJ MALAYSIA: 'K" UNE MARITIME (MALAYSIA) SDN BHD IV 1 IV TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 *WATAKI"N kaisha, LTD in nes SARANALAaT,NTERNUSA TEL: JKT
      1,169 words
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      Page 34 Advertisements Column 2
      154 34 Continental Pacific Shipping J* TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S POKE PK 10*«NC FOR ARROW *OVENTURE SM SM ROM/MIT/FLU/l* OURANIA L SW ROM/WO/FLU/UK MART M 30/5 5/1 9/6 ROM ANT FLU UK WORLD AMPHtON 30/6 ROM/MO/FLU/UK lo»di Sjbitv Indontsu TjTx MULTIPORT AGENCIES (S) (V PTE- LTDHXJ/ TEL: *****77 FAX:
      154 words
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      Page 34 Advertisements Column 3
      131 34 IS'pore P Kelang Loading for I TRIDENT BEAUTY SW In Pt Antw/Rdm/UK/Nantes I NEA ELPIS 1/6 4/6 Antw/Rdm/UK/Nantes I [Spore Loading for I KYRIAKOS M In Pt Hodeidah/Jeddah/Aqaba I PAN GLORIA 5/6 Dubai /Dammam I MERCHANT PILOT 15/6 Hodeidah /Jeddah/Aqaba I [Spore Loading for SAMMI SUPERSTARS Los Angeles/New Orleans/ Charleston/Norfolk
      131 words
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      Page 34 Advertisements Column 4
      1130 34 r.« PHILI-ORI€NT LIN€S PT€ LTD VVQP 108 ROBINSON ROAD #0/ 00 GMG BUILDING SINGAPORE 0106 X TEL *****22/*****69/*****00 TELEX RS ***** PHIL I FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION VANCOUVER. S'WESTERN ONTARIO 4 JUN DUBAI. DAMMAN.
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      1495 35 PACIFIC INTERNATIONAL LINES (PTE) LTD PIL Building, 140 Cecil Street *03-00, Singapore 0106. JAKARTA IBANGKOK H VESSEL VOY SIN JKT SIN VESSEL VOV SIN BKK SIN IQUATOR MAS OSN 31/5 2/• 6/6 KOTA PANJANQ 9116 3/6 7/6 11/6 BUNQA TERATAI 223 2/6 4/6 9/6 KOTA BINTANQ 9116 4/6 7/6 11/6
      1,495 words
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      Page 35 Advertisements Column 2
      996 35 BEN LINE CONTAINERS LTD A 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN CGM Parish 168 1/6 21/6 22/6 23/6 Water schout 164 2/6 25/6
      996 words
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      Page 35 Advertisements Column 3
      522 35 ygm*» MYANMA P& FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf HPA AN ¥163* In Pt PAGAN VI7OW 8/10 km THE BANK LINE (A Mrvtc* o< Andrew W«lr Shipping) SEMI-CONTAINER SERVICE \i HEAVY LIFT CAPABILITY I EXPRESS TO PAPUA NEW GUINEA SPORE FOR CHEFOO
      522 words
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      673 38 TO AUSTRALIA/NEW ZEALAND r«[ [s« jFrwn |M*» {Syd lAurt INK P CHAAM Mlßm il\ 31/5 Hi 12/6 15/4 20/« 22/« 24/6 Cmi 272 15,» 21/4 26/6 30/6 5/7 1/7 ANTMRKN 273 2T» i/7 10/7 14/7 20/7 23/7 25/7 MARTHA i 274 5/1 12/1 161 19/« 25/1 27/1 29/1 TO USA/CANADA
      673 words
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      Page 38 Advertisements Column 2
      738 38 OUTBOUNO VOY PHL PWG IK T SIN HUG KAO KEE TYO SM2 NGO *06 VESSEL Vo¥ PKL PWC BLW VH ACX ROSE 14 1 6 **27 5 31 5 7 6 11 6 126 136 AC» ROSE 14 31.5 It HCX LtT 118 *1 6 305 46 »6 11 6
      738 words
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      Page 38 Advertisements Column 3
      287 38 PTT 1 PERUSAHAAN PELAYAMTT i KALIMANTAN DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Vtssd EM/tTD DESTMATKM NIAGA 42 S/91 31/31 Mm l*«rt»/P>l«fflb** NIAGA XXI Voy 12/51 3/4 Jun l**ti, Pllemfcint WAG* XXI Voy 13/91 C/ 7 lun likwli Palembmi NIAGA 42 ¥o» 9/91 10/11 tan )**t«/Pi»tiN>in| NIAGA XXI Vor 13/91 13/14
      287 words
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      Page 38 Advertisements Column 4
      1438 38 ffefi t EUi£ i£ CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE Trirv T EL 2, MISTRI ROAD, H*C BUILDING TELEX i R #15-00, SINGAPORE 0207 rAIurr.MTARLINf CR NO **********0 M CABLE COSTARLINt General Agents: CO6TAR SHIPPING PTE LTD i ttS«L/VOY SCP WG SHA XIN HPU DAI QW VESSEL VOY
      1,438 words
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      971 39 UKC COWYPfTIONAI IMVICI Vessel PKL PNG P G. Loading lot A VESSEL 78/05 Rotterdam/Antwerp CHINA ruu. CONTAINII 6EKVICI Vessel SCP PKL BKK HKG QIN SHA YANCFANGKOU 151 02/6 03/6 07/6 12/6 16/6 YANGf ANGKOU IS 82/7 03/7 07/7 12/7 16/7 Aisa accepting other Chinese gorts via HKG AjgrnUA rVLL CONTAINER
      971 words
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      Page 39 Advertisements Column 2
      349 39 If&tl RICHFIELD MARINE AGENCIES (S) PTE LTD \S» TEL: *****33 (12 Lln««) m FAX: *****15/*****03 P3j TELEX: RS ***** RISHIP (3 Lines) \m ETHIOPIAN SHIPPING LINES Y 1 (National Lines of Ethiopia) acceptTngfcl and conventional VESSEL IVOY ETA LOADING FOR SPORE ABB AY WON? 28WB 03/00 DARESSALAAM MOMBASA DJIBOUTI ASSAB
      349 words
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      Page 39 Advertisements Column 3
      642 39 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE POUT HUANG PENANG Bin JAM Sailed loading for Male KUVAI HUOHU 9/6 Loading for Calcutta (XX PUN 31/5 Loading For Male PIONEER SUPREME 8 6 Loading For Male DONAKMH 10/6 loaded For Fell oar u PROGRESS LSERTY 12/6
      642 words
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      Page 39 Advertisements Column 4
      840 39 SYDNEY/MELBOURNE BANGKOK wan |kot rrm m |<ma |ww mu*m tnmm ft ANITA 0149 05-6/6 It-20/$ 22 24/6 BMK 57H Tlw 30/5 Mor 3/6 MYA BHUM 0905 20-21/S 03-5/7 07-0/7 NANTA BHUM 43N Sm 2/6 N«d »/< PUfCTA 1050 5-0/7 10-20/7 22-24/7 MM BHUM#* 13N Man 3/0 Thur 0/0 P.KELANQ/PEN ANQ/KU
      840 words
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      1293 40 A MAC-NELS SINGAPORE EXPORT TEL: *****22 I WO"* TEL: *****02 1 1 PENANG TEL: (04) *****6 IKK TEL: (088) *****0 JAWAU TEL: (089) *****9 P KELANG TEL (03 *****77 KUCHING TEL: (082) *****3 SKAN TEL: 089 2 4682 -~i J BAHRU TEL: (07) *****2 SIBU TEL. (084) *****2 PADANG TEL:
      1,293 words
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      Page 40 Advertisements Column 2
      333 40 BLUE STAR LINE 11 SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING KCL LCL FOR AUCKLAND, NAPIER. WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PLY AUCK LTT PftEMCR 12S 1 Ju» Uhm JJJ. 13 *n MULBERA
      333 words
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      Page 40 Advertisements Column 3
      1111 40 THONG SOON LINES PTE. LTD. M* 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****68 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****55 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL [WOT |ET» IMST VESSEL W
      1,111 words
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      176 42 m SIGNIFICANT SHIPPINGI 1 V LCL DUBAI. BAHRAIN, DAMMAM, MUSCAT, ABU DHABI. DOHA, SHARJAH, BANDAR ABBAS AND JEDOAH. ETA SIN 30/ MAY, 4/JUNE, HOCHIMINH, DANANG. NHATRANQ. CANTHO, VUNQTAU. HAIPONQ, OUINHON ETA siN 30/ MAY, 4/JUNE, 7/JUNE 1 1 PIRAEUS, LIMASSOL. TRIPOLI/LIBYA,TRIPOLI/LEBANON, BEIRUT/OUZAI, ISTANBUL. R '™5 lIS MALTA/VALETTA, LATTAKIA, ADEN, BENGHAZI.
      176 words
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      Page 42 Advertisements Column 2
      7 42 Innovation Technology in Business Times every Tuesday
      7 words
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      308 43 TIDES AND WEATHER TODAY'S TIDES (hqgfrt in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 *****600 *****800 1900 2000 2100 2200 2300 JR 31 28 2.4 18 10 08 0.6 0.5 0.5 0.8 1.4 19 2.2 2.4 2.3 20 1.6 1.3
      308 words
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      757 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST rape* wy mi put sn tit haul vor lbh oak sea lhe wui *oy tcm/sea ptl NAN HAI 203 014 02/0 C 03/06 05/06 H EXPLORER 401 01/07 04/07 07/07 MY
      757 words
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      52 44 > f QFFICtS A** MACOUNEKT gSS* PORT KELANG: 03 ****** SIN-PASIR GUDANG-PALEMBANG CONTAINER SERVICE VESSEL S»T PG SIN PIM Bunga Setawar PMOIB 1/6 1/6 2/6 4/6 Bunga Setawar PMOI9 8/6 8/6 9/6 10/6 CONVENTIONAL SERVICE VESSEL ETA SIN PORTS "B SETAWAR 30/5 PALEMBANG SUSANNA 27/5 PONTIANAK BRITT ANN 3/6 PONTIANAK
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      540 44 CHARTPOINT Every Saturday in Business Times |fm*> Nn mc Imi Imk iim T»U M) |l«i lom Ihou Imi I cm, |m lore OUR USA I SERVICE CALLS Wl W ISWW ti l AILMTO* CPU—B >«22« i t 2?.t 24/t H I »/t H/t l t 2M W vnuuw w» bkh
      540 words
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  • Banking, Finance & Insurance '91
    • Article, Illustration
      Lock icon FOCUS ON ASIA
      333 45  -  By Amy Balan Focus on Asia GROWTH Triangles. A crescent of prosperity. The Asia-Pacific age. The concepts and catchy terms for regional cooperation are flowing fast and furious as capital and resources move into and around Asia. Some may contend that the Asian miracle is a bit
      Focus on Asia  -  333 words
    • Article
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      1,097 words
    • Article, Illustration
      The 1990s: a decade of structural change
      1369 48 The regulation of financial services is fraught with complexities. Here is a guide to the global debate Financial regulation has three main aims: to safeguard the system; to ensure competitive market conditions; and to protect the consumer. In theory these three aims should
      1,369 words
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      Lock icon Ten global issues that loom large
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      The Economist  -  1,418 words
    • Article, Illustration
      Lock icon Unity creates opportunities
      1122 50  -  Europe, both East and West, is in a state of flux. Norbert Walter looks at its structural changes and their implications to business in Europe, and Asia. Norbert Walter Professor Norbert Walter is the chief economist of Deutsche Bank Group THE European continent is undergoing substantial changes.
      Source: EC, Deutsche Bank forecasts  -  1,122 words
    • Article, Illustration
      More and more and more loans
      922 54  -  Last year was the first time in six years that Hongkong interest rates have been higher than US rates. Catherine Ong reports Catherine Ong The writer is BT's Hongkong Correspondent WITH inflation staying stubbornly high, Hongkong will have to pay dearly for borrowed funds
      922 words
    • Article, Illustration
      Opening up to the world
      871 54  -  The liberalisation of Taiwan's financial market started gathering pace in mid-1985. Danny Chan discusses the major reforms Danny Chan The writer is the managing director of Fidelity Investments (Taiwan) TAIWAN has achieved one of the world's highest rates of economic growth over the past four
      871 words
    • Article, Illustration
      Banks in Australia look to Asia to reverse fortunes
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      976 words
    • Article
      Commonwealth's plans for growth firmly based at home
      369 55 Australia win witness the largest single share issue when the government floats a 30-per-cent stake in Commonwealth Bank later this year. The release of its prospectus has been delayed, but this is expected to take place in the next few weeks. The
      369 words
    • Article, Illustration
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      891 words
    • Article, Illustration
      New framework for securities markets
      1085 57  -  Japan's financial community is searching for a new framework to revitalise the securities markets. Other Asian markets must follow suit if they do not want to be left behind, says Yoshihisa Tabuchi Yoshihisa Tabuchi The writer is the president of Nomura Securities Co The year
      1,085 words
    • Article, Illustration
      Lock icon Banks benefiting from buoyant economy
      1212 58  -  With a keen eye on inflation, Bank Negara is likely to keep interest rates high, say G K Goh Stockbrokers G K Goh Stockbrokers A YEAR before the Malaysian economy began to pull out of recession in 1988, the monetary authorities started pouring liquidity into
      Source: Bank Negara 1990 Annual Report  -  1,212 words
    • Article, Illustration
      Lock icon Back to earth after a period of frenzied growth
      1206 59  -  Indonesia's economic restructuring in the mid-1980s has led to a boom in the country's financial sector. But further growth could be hampered by Jakarta's monetary policy, reports Eugene K Galbraith. Eugene K Galbraith The writer is with Hoare Govett. THE RECENT
      Source: Bank Indonesia, Far Eastern Economic Review and HG estimates  -  1,206 words
    • Article, Illustration
      A new wind blowing
      949 59  -  An extensive deregulation programme is underway in the Thai financial industry. Sangad Satapatpattana reports on how this will affect foreign investors. Sangad Satapatpattana The writer is an analyst at Hoare Govett■ THAILAND'S financial industry, which comprises 15 local and 14 foreign commercial banks, and 105 finance
      949 words
    • Article, Illustration
      Lock icon A strategy for the Nineties
      1350 60  -  Financial institutions here must go regional to keep growing, writes S N Vasuki S N Vasuki Last month DBS Bank's first full-licence branch in Hongkong was inaugurated by Finance Minister Dr Richard Hu in a blaze of publicity. For many observers the presence of the
      Picture by Arthur Lee  -  1,350 words
    • Article, Illustration
      Asia-Pacific markets forge ahead
      1338 61  -  Asia's role in foreign exchange is becoming more and more important. Japan, Singapore, Hongkong and Australia now account for 36 per cent of the turnover in the world's 10 largest forex centres. Sajjad Akhtar examines the factors propelling regional foreign-exchange growth Sajjad Akhtar The writer is
      1,338 words
    • Article, Illustration
      The forex challenge
      935 62  -  Forex trading is a thriving business. Singapore is well-placed to share its expertise with the region, thus fuelling its own growth. Ho Tian Yee outlines the course of action Singapore must take Ho Tian Yee The writer is chairman of the Singapore Foreign Exchange Market committee WHILE
      935 words
    • Article, Illustration
      Positive signs for a fund management centre
      1349 64  -  With Singapore's political stability and reputation as an offshore banking centre, has it the right environment as a fund management centre? Gerald Yip gives an assessment Gerald Yip The writer is a chartered financial analyst and the honorary secretary of the Singapore Society
      1,349 words
    • Article, Illustration
      The financial juggler
      1297 65  -  Today's corporate treasurers are like athletics slim and trim ever ready to pounce on an opportunity, or to avoid a financial disaster. Sajjad Akhtar outlines the minefield the corporate treasurer has to tread Sajjad Akhtar The writer is a partner in an international consulting group MANAGING foreign
      1,297 words
    • Article, Illustration
      Lock icon First limited recourse financing for tollroad
      840 66  -  David Levy discusses the project financing for the elevated highway being built above the existing major road from central Bangkok to the international airport and northern Thailand David Levy The writer is director and head of project finance of. Wardley Capital AN innovative approach
      Photo by Rahita Elias  -  840 words
    • Article, Illustration
      Different methods, same ambition
      1257 67  -  Credit Lyonnais compares the capital markets of Asia with those in Europe Credit Lyonnais THE growing overlap of different segments of the capital markets and the gradual deregulation of domestic markets give companies and investors the opportunity to operate simultaneously in all major international financial centres.
      1,257 words
    • Article
      To go abroad or not to go abroad?
      1614 68  -  Magdalene Ng lists many compelling reasons why local stockbroking firms need to expand in the region Magdalene Ng SINGAPORE stockbrokers face a dilemma as they look to the future: Should they play §r safe and stay home, or take a risk and
      1,614 words
    • Article, Illustration
      Lock icon An economic driving force in Asia
      1636 69  -  Taking a cue from the venture capitalists in America, Asian governments have set about to attract such firms to establish themselves in the region. And with more funds available, Chan Kok Pun argues, opportunities are available for fund managers to cooperate and adopt more
      Source: Asian Venture Capital Journal  -  1,636 words
    • Article, Illustration
      Building up factoring in the region
      1242 70  -  Lee Kheng Leong sees big things happening in local factoring as other Asean members discover the industry's potential Lee Kheng Leong The writer is manager, factoring at DBS Factors OFFER the best trading terms as well as competitive prices in order to be competitive
      1,242 words
    • Article, Illustration
      What I'd like to see happen in Singapore factoring
      1188 70  -  Jeroen Kohnstamm, raises a few points about the ideal structure of the Singapore factoring industry Jeroen Kohnstamm The h riter is the seeretary-generai of b actors Chain International, based in Amsterdam THE USE OF factoring in both domestic and international trade
      1,188 words
    • Article, Illustration
      Foreign insurers eyeing greener pastures in Asia
      1380 71  -  Sivam Subramaniam takes a look at the growing Asian markets Sivam Subramaniam The writer is the editor of Asia Insurance Review The high growth rates in the insurance markets of Asia where total direct premiums are estimated to have surpassed the US$3OO billion
      1,380 words
    • Article, Illustration
      High-tech cover
      944 72  -  Users of high-tech equipment would do well to insure their sophisticated gadgetry against every conceivable risks. The loss of data or hardware could easily lead to financial ruin, say George Tay and Eddie Ong George Tay and Eddie Ong Mr Tay and Mr Ong are the manager and
      944 words
    • Article, Illustration
      Insurance industry set to boom in the region
      515 72  -  With the insurance industry expected to boom in the region, Ng Cheng Quee sees greater dialogue among Asian insurance brokers' associations as essential to regulating and enhancing growth in the industry Ng Cheng Quee The writer is the president of Singapore Insurance
      515 words
    • Article, Illustration
      Consolidation in an era of challenges
      1241 73  -  Despite the impact of recessionary undercurrents and the recent Gulf crisis, factoring and credit insurance business are poised for further growth, especially in the short-term, says Lee Yoke Meng Lee Yoke Meng The writer is assistant vice president manager, corporate international relations, ECICS Group.
      1,241 words
    • Article, Illustration
      Using new ways to ensure market growth
      932 74  -  Lan Lancaster looks at the emergence of the insurance broker as a force in the insurance market and discusses the innovations that have made this possible Ian Lancaster The writer is the managing director of Citicorp Insurance Brokers INSURANCE brokers are a relatively
      932 words
    • Article, Illustration
      Cover for Cinders
      844 75  -  Insurance companies provide vital protection for the expanding freight industry. Davy Chew explains. Davy Chew The writer is manager (operations) ofN/I Insurance Singapore The realities of today's "Global Village" mean that business ideas can be transferred around the world at the speed of sound, with capital to
      844 words
    • Article, Illustration
      Managing investment risk abroad
      996 76  -  Before embarking on any investment ventures abroad, the investor must consider his risk exposure and insurance coverage in a foreign environment. Ronald Loke draws up a guide for such investors Ronald Loke The writer is the marketing manager of Insurance Company of North America, a CIGNA
      996 words
    • Article, Illustration
      A contract of time and money
      1394 77  -  A J Pathmarajah on making the business of life more secure A J Pathmarajah The writer is the director and general manager of Great Eastern Life LIFE insurance business operates on the concept of pooling and sharing of risks among all the policyholders so
      1,394 words
    • Article, Illustration
      Advances in the field of leasing
      1200 78  -  Steven Goh takes a look at the history of leasing in Singapore and examines the new guidelines Steven Goh The writer is the chairman of the Leasing Association of Singapore FINANCIAL leasing has been available in Singapore for more than 20 years. But it
      1,200 words
    • Article
      Impetus for the next leap
      1182 78  -  Chong Lee Siang gives an update on the taxation of leasing transactions in Singapore and the tax implications of offshore leasing Chong Lee Siang The writer is a tax partner with an international accounting firm THE new guidelines on the taxation of financial leasing transactions
      1,182 words
    • Article, Illustration
      Simex to play a wider role
      969 80 As Asia's emerging markets develop their potential in the years ahead, Simex is likely to broaden its role within Asia and globally THE SINGAPORE International Monetary Exchange (Simex) is well-positioned to take on the new challenges as it moves into the 1990s and beyond.
      969 words
    • Article, Illustration
      Finance companies facing stiff competition
      1195 80  -  Faced with competition from banks, finance companies have to find new avenues in order to survive. The answer is to build niches and carve out a market by identifying growth industries. Yvette Cheak (right) reports Yvette Cheak The writer is the managing director of Standard
      1,195 words
    • Article, Illustration
      Lock icon Why going to Tampines could be a good move
      738 81  -  Singapore's proposed financial park is likely to be the first of its kind in the world. Christopher Fossick examines its likely impact on the development of the financial sector in the Republic Christopher Fossick I'he writer is a director at international
      Source: Richard Ellis  -  738 words
    • Article, Illustration
      The right ratio
      1466 82  -  Teng Ah Too and Paul Ma take stock of current developments in Asian bank capital adequacy Teng Ah Too, Paul Ma The writers are with an international accounting firm ON JULY 15, 1988, the Basle Committee on Banking Supervision, with the endorsement of central bank governors of
      1,466 words
    • Article, Illustration
      Sugar-coating a bitter pill
      1510 83  -  Jenny Lim and Nicholas Miao examine the different tax rates and incentives offered by Asean states to attract investors Jenny Lim, Nicholas Miao Ms Lim is a tax partner and Mr Miao is a tax principal of an international accounting firm THE investment outlook for Asean
      1,510 words
    • Article, Illustration
      Lock icon Outsourcing to reduce cost
      1210 84  -  Alberto G Lapuz makes a case for selective outsourcing, an innovative cost management solution Alberto G Lapuz The writer is a partner and regional director of AT Kearney BANK failures are going to rise if senior bank managers are not alarmed enough to pay close attention
      Source: Bank Annual Reports, 1989 and 1990  -  1,210 words
    • Article, Illustration
      Consumer market: bank on a boom
      1347 85  -  Tan Bien Kiat suggests some strategies banks can adopt to reap the benefits of an emerging consumer market in Asean Tan Bien Kiat The writer is a vice-president and regional director of AT Kearney THE last decade witnessed the emergence of a consumer market
      1,347 words
    • Article
      The shape of the future
      1045 86  -  Chua Cher Choon looks at the role of technology in financial institutions Chua Cher Choon The writer is the general manager. South-east Asia. Telerate THE demand for realtime financial information, and the means to manage and work with that information. is rising. Singapore is an
      1,045 words
    • Article
      Importance of redesigning workflows
      533 86  -  Douglas Fisher explains why technology by itself does not provide any business advantage Douglas Fisher The writer is a senior manager with Andersen Consulting Environmental forces are compelling the financial industry to streamline operations and rethink how it conducts business. These forces are creating enormous pressure
      533 words
    • Article, Illustration
      A SWIFT entry into Asia-Pacific
      959 87  -  The Society for Worldwide Interbank Financial Telecommunication is helping financial institutions in the region use technology where it really counts, says Norbert Bielefeld Norbert Bielefeld The writer is the country coordination manager for SWIFT SWIFT, the Society for Worldwide Interbank Financial Telecommunication, and the AsiaPacific
      959 words
    • Article, Illustration
      Next on the line for Nets
      842 88  -  Nets can do more by learning from the experiences of similar systems elsewhere, says Patrick Yi. In the second article, Jeyan Nadarajah tells why it would pay to have a national common stored value card Patrick Yi Jeyan Nadarajah The writer is general manager
      842 words
    • Article, Illustration
      Why a common stored value card makes sense
      1124 88 THE stored value or prepaid card has already made its debut in Singapore in the form of the Telecom Phone Card and Transit Link Fare Card. These two cards have gained widespread acceptance in a relatively short period of time I and
      1,124 words
    • Article, Illustration
      Transforming banks into boutiques
      926 89  -  Ron Goh takes a look at the new generation of retail banking and the factors behind it Ron Goh The writer is a manager at NCR Singapore THE increasing automation and use of information technology among banks has dramatically transformed the way they provide services and
      926 words
    • Article, Illustration
      More cards to play
      895 90  -  Peter Harkess on the market ahead for Visa Peter Harkess The writer is the general manager of Visa International, South-East Asia TWO YEARS AGO, the Business Times Banking and Finance supplement described 1988 as the year that "the local credit card business soared like a rocket".
      895 words
    • Article, Illustration
      Spoiling the business globe-trotter
      626 91  -  It is Amex's aim to pack together an interesting itinerary for the business traveller. David W Shaver elaborates. David W Shaver The writer is the vice president general manager, American Express Travel Related Services Business travel today can be a breeze. The travelling executive need not
      626 words
    • Article, Illustration
      The need to understand the consumer
      1435 92  -  Kenneth Andrew discusses the changing world of consumer financial services Kenneth Andrew Dr Kenneth Andrew is International President of Marketing Improvements THE WORLD of consumer financial services is changing at a rapid pace throughout the countries of the Pacific and South-east Asian region. Singapore
      1,435 words
    • Article, Illustration
      Financial supermart?
      1209 93  -  The idea of a one-stop financial services centre is as attractive as it is convenient. However, the bottomline may not be convenience but whether the vendor can provide top-quality services, says Liew Choon Wai Liew Choon Wai The writer is a partner in an international accounting firm TECHNOLOGY
      1,209 words
    • Article
      When debt may be better than equity
      1832 94  -  Companies often have to choose between debt and equity to finance their expansion. Ong Yew Huat reviews some basic types of financing available for business owners and some of the differences between debt and equity. Ong Yew Huat The writer is a director
      1,832 words
    • Article, Illustration
      Time to get real about property trusts
      1559 96  -  Increasingly, property is being recognised as a class of equities not unlike commodities where the accruing financial benefits are separate from physical, tangible ownership. Leong Weng Chee gives some pointers on property trusts Leong Weng Chee The writer is a senior manager at
      1,559 words
    • Article, Illustration
      Putting money in office property
      1453 97  -  Willy Shee examines prospects for those investing in the major Asian cities Willy Shee The writer is the managing director of Richard Ellis ONE of the major advantages of investing in Singapore commercial property is the liquidity of the investment as there arc no government
      1,453 words
    • Article, Illustration
      Treasure trove of art and artifacts
      794 98 Golf is too mundane for these three bankers. One would rather climb mountains. Another scours the region for his IN ONE corner of banker Bongs Yishun flat sits a magnificent Peranakan cabinet filled with Chinese ceramics from the Qing dynasty and a plate from
      794 words
    • Article, Illustration
      Banking on the palate
      564 98 SINGAPORE is often cited as an ideal location for multinational corporations to set up their offices because of the Republic's ideal location as a regional financial and transportation hub. Ms Jongkoinee Sangngampai, who worked 13 years with Chase Manhattan Bank in Bangkok, believes it is. And
      564 words
    • Article, Illustration
      Because it is there
      601 99  -  collection of artifacts. Yet another turns a dream into a money-making enterprise. Shoeb Kagda can only envy them Shoeb Kagda BASKING in the sun with absolutely nothing to do is most people's idea of a holiday after slogging it out at work for the better part
      601 words
    • Article, Illustration
      The emergence of trust
      1102 100  -  The past growth of the unit trust industry in Singapore ean, at best, be described as anaemic. Tan Keng Hock examines the reasons for this and explains why things are looking brighter for this sector Tan Keng Hock The writer is a direct or at Schroder
      1,102 words
    • Article, Illustration
      Lock icon Which currency is a safe bet
      797 102  -  If investing in currencies is your cup of tea, Chew Eng Han has just the right brew for you Chew Eng Han PONDERING which currencies to invest in often takes so long that the opportunity is lost before one can act. Currency swings, which
      Picture by Arthur Lee; Chart by TeleTrac  -  797 words
    • Article, Illustration
      Lock icon When the world sneezes
      1269 103  -  What is the outlook for Asian stockmarkets now that the Gulf War is over? David Guest feels that many markets are still cheaper than a year ago, even though the US economy is nearer its turning point David Guest The writer is the managing director of
      Source: Hoare Govett  -  1,269 words
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      222 45 CONTENTS US deregulates Will the US allow its banks to compete? Pg 2 New European order What can Asia expect? —Pg 6 < JMj^Jr Banking on a buoyant economy What strategies banks are using Ho Tian Yee's report The chairman of the Singapore Foreign Exchange committee reports on the industry
      222 words
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      80 46 f pi J p p^ l fcpr s^^. 1881 MEN'S BOUTIQUES ■01 15 The Paragon. Orchard Road Tel: 2V>%55 -02-54/60 Wisma Atria. Ochard Road Tel: 7H9J60 *01-45 Forum (iallena, Orchard Road Tel: 7H IHM2 LADIES' BOUTIQUE ■"02-61 Wi>ma Atria, On hard Road Tel: 7H 1886 Cerruti 1881 Corners in Kuala
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      106 46 J LONGINES /w titanium amiwild Water resistant Saltphire B crystal Available in a rich choice trfmodels and metals calls for many qualities. VHP (Very High Precision) is probably the not least shrewd judgement Si) does most advanced watch in the world. A watcn chcx)sing a watch. NX'nich is why so
      106 words
  • Page 46 Miscellaneous
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      127 47 FINANCIAL INSTITUTIONS AROUND THE WORLD HAVE GIVEN RICHARD ELLIS THEIR STAMP OF APPROVAL. r M JIH IB M \Ji> mwjj^Sl Br MTI SB -T*^r *wK 4 ij i nL Sp- <«£ '"*V '!>^; v "it ?IBjBF%* I j Ewßßßr^aa^a^SaM^^WßcgcSSr f^|HH^^^B|^ni^Hm Japan, United States, Europe, Great Britain, Australia, financial sector. For
      127 words
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      81 48 YOURSELF Wm Make time for the pleasures of life. For all your hard work, reward yourself with a lifestyle One bank account fits the picture nicely. The Multi Link Account from Overseas Union Bank. .f Multi-services in one account. One bank statement. And the convenience you reap is Just look
      81 words
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      260 50 i H -^B^— t i v,„ s^ g^scaH The BMW 5 Series is suitable for Unleaded petrol THE BMW 5 SERIES. IN TODAY'S BUSINESS WORLD, IT'S EASY TO SPOT THE PRIME MOVERS. t t It's often easy to spot those destined for business success by the decisions they make. And
      260 words
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      269 51 •£*•%<'>■ss££> W..^; *4 &\sra[ 4 if y v i*w£< **fiV >#M. «pIL<S.S- Jb. *%^#.tOw- m i V'f#&>ltjPp^ r*x?3#' |M|Mf *Pfc» |J9of gß^^M^K^Wßjßßßß^llJKgjy^^^^ySriJMßii *< li >s'S: 'i jfef IfclS IL ilk 11 i 1 ?HB9kNI^. t ,'-*7'Mffr" mM*i|fhv«i 'i Mw^lo?W. > yy l m I ■,7 wn tB I J«*^H -ilff
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      538 52 Not just any bank. j2i§L Citibank. ou customers j HPJH K ■■BBL q Igj* /vjl JgF high security and new, luxurious layout can only mean greater ■IB f/ jy KS^Js' j' V» /mHHBHIHHHHHHI. I situated next to it. A new chapter in Citibank's customer service. It With merchandise aesthetically displayed
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      827 53 'Jr v: Auto Vantage dramatically eases the burden of the Citibank Credit Card. A credit card can only be as /M 'M single most important hurdle of owning a car paying for it! good as the bank behind it. And no other bank can treat you with g M~ Hk
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      112 54 An experienced wholesale this sound foundation. WestLß Finance and Investment bank, WestLß accompanies successfully combines clas- Banking to Treasury And with your international finance sical products with innovative a global network stretchoperations. solutions, applying the right ing from Dusseldorf to New mix of state of-the art tech- York and from
      112 words
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      202 55 Salutes And Congratulates The Following Members Of Our Field Force Who Qualified For The INTERNATIONAL QUALITY AWARD (IQA) A he International Quality 1 Ik Av. a d sets an agent apart from JOSEPHINE TAN UMCHEWCHU ALICE SIM PHUA BEE EE ANGSOHENG CHEN CHWEE GEK CECILIA LIM TAN FONG CHOW ot^er
      202 words
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      497 56 >-%^^s'* v sB3*Mb«&& jC- SS3HKi^^T s^s'^^BP' < I^PS 1 v* s "V** 'aBPK I- ■>■... V v > THE ONLY HANDPHONE WHOSE ANTENNA DOESN'T STICK OUT LIKE THIS. The Telecom AJ 18A handphone comes with a built-in low- sunshine or in darkness. The Telecom AJ 18A also comes with menu
      497 words
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      707 57 I L mu/t* de Cartier J__ mu/t" de a/iier Boubquc/ SINGAPORE #01 -36, Lucky Plaza. 304 Orchard Road Tel: *****27 #01-04, The Shopping Gallerj, Hilton International Singapore, 581, Orchard Road Tel. *****9b #01-03, Palais Renaissance, 390 Orchard Road. Tel: *****93 More than 350,000 people are insured with NTUC INCOME. Are
      707 words
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      253 58 A Banker's Tale. With twenty-two branches in OrACU facilities like leveraged Singapore, you would expect us to deposits and foreign exchange have a considerable amount of margin trading? swish. And when you visit Malaysia, In our tail, as well as our tale. it must be reassuring to know we That,
      253 words
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      91 59 SA/iYO THE INSPIRATION BEHIND OUR MEMO SCRIBER k a *•<fl£: ;^Sgw®^sw^»s^ --g-gjMj\ '_!jt£^k^^&*Hi!ra!Mll^^^sHEflHflK!iKl£9i^^kkiHsEE^^^S^B^K^^ The main feature of the Sanyo TRC 9200 transcriber is of course the smart s (voice activated recording) function. It starts and stops automatically to the sound of the human voice. Plus other ingenious features: >w voice
      91 words
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      302 60 H I -»>ai ,-ji El «oi 2 Q 44&.4H& D 9 mm B^Ck R Investing in the property market requires Over the years we ve built our reputation Q careful consideration. as achievers by applying in-depth marketing Make one mistake' and'-you could be left expertise to.research and consultancy on a
      302 words
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      169 61 ZURICH INSURANCE GROUP teiSar* r*U"~ r 1 -rjt* .«£|B|H s < **t:^ 8 i|^. a, BSRKK 1 I WHERE IS "NEWLAND"? If you are doing international more than just good language skills. and insurance coverages, both at home business, you will know exactly that Technical know-how and experience and around
      169 words
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      194 62 OKI OKI KEEPS \DU C& IN TOUCH WITH THE WORLD Three super answers to your communications needs. With its proven expertise in communication systems, Oki is equipped to provide your vital link with the rest of the world. Business communications will be quicker okifaxof-m okicom g'Series and smoother, especially crucial
      194 words
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      331 63 To Be The First To Reach The Top, You've Got To Step On It. In other words, be quick to seize an opportunity. And it's been one thing right after another. The first portable An opportunity for you to turn a job around faster. To computer. The first built-in Chinese
      331 words
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      116 64 Pock Solid Market Wise J Stocks, Options, Bonds I Foreign and Domestic Offerings I Commodities I Futures and Options r Foreign Exchange 4 Precious and Other Metals I Portfolio Management I For more information about these and other services, 4 call *****22 or return the coupon below. I Prudential-Bache Securities
      116 words
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      284 64 apex systems A software package is known by the company that keeps it... and here is an example of what such a company has said. 1" Without doubt the installation of the software package from Apex has had a significant and beneficial impact on how we handle our business at
      284 words
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      275 65 market reports and indices. Plus daily round-ups of II what's been happening in the New York market and other lllw leading markets of the world. Through Teleview, Reuters also feeds you hourly same intelligence forex rates for no less than 22 currencies and updates of i international gold and silver
      275 words
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      139 66 V| vl If] jjj U w Ml VI v H mm K MF a I II II IK 4KMk i i K H K fl K M II V I J jfl B| d A I J And because we know what life is all about, it's not just your
      139 words
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      807 67 DINERS CLUB. ALWAYS LOOKING TO IMPROVE YOUR QUALITY OF LIFE. A XJLt Diners Club, our aim is Card offers a whole for all air travel-related accidents. always to find ways of making M host of benefits There's also our Lifestyle Advantage life easier and more enjoyable designed to enhance Plan
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      63 70 SOLID, SOUND SECURE _«—i— THAT'S asiaine and asia insurance For decades, our solid reputation has been enhanced by our competitive rates together i 7 with prompt ft and efficient JL service. Call us now for all your SSSSrS^mR: sLliii THE asia INSURANCE CO. LTD the asiaMß ASSURANCE SOCIETY LTD Head
      63 words
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      386 71 m M m m 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
      386 words
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      240 72 tm m B New opportunities in a greater Europe. In less than two years, Europe will be- In our vital home market, unified Germany, *****11,1Te1ex: come the world's largest single market. our solid footing is the vast co-operative BANK -GZB (Asia Ltd. 6JBatte^ And it is destined to grow even
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      133 72 jjDOLLARDEPOSm J EARN PEAK INTEREST I TERMS AUSS STERLING L US$ CANS DM I MTH «Te>% 11.25% 5 75% 7.88% 8 25% I Make money safely from the world's leading currencies With a minimum deposit of NZ$2O,OOO. Through Bank of New Zealand, the only global hank with the New Zealand
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      443 73 r —-i nn —i —v .—s. r—i [-—i /ttn n /rr\ p,n n n "TOTAL RECALL" TInlE Pl^©FiiiO©i^L MULTI PURPOSE VOICE SECURITY SYSTEM MODEL NP-120 EVERY MOUTH Ideal For: Forex Dealers, Money brokers, Stockbrokers, Private Banking 4 Fund Managers, AS the pioneer ill this field Of technO" Commodity 4 Oil
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      151 74 I *■•'>< .■.>< J§? >- c -y f' V... ,i i k v r v >t 1 a* Then let Daiwa Singapore put you in sharper focus. Through our affiliation with Daiwa Securities Co Ltd one of the world s leading securities houses, we are represented by 32 overseas offices
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      210 75 ARE YOU STRETCHED^I TO BRE4$a <IG POINT BY FINANCIAL RISKS? Tight liquidity and difficulty in making credit can tax even the most experienced of controllers, proprietors and business- men. And that political and economic crises, can throw your business off balance. the ECICS Group of Companies have the experience, financial
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      214 76 IH^| R E T E N TION VALUE v MingnßHMr fi|fJ2 Capital flow in accordance to the heights of interest and the fundamental axiom of commerce is to buy low and sell high. To the prudent economic |~SOT\3 D ?V man, the new Accord must surely come across as a
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      131 77 "WE DID IT, FIRST TIME ROUND. AFTER ALL TFIOSE YEARS WE SPENT TOGETHER AT SCHOOL, I KNEW WE'D MAKE AN UNBEATABLE PARTNERSHIP." jfl a i utitef" .at 1* ,5> OMEGA. The watch that records the world's significant moments. <$> -r «M|< <> jtt At the Olympic Games. In outer space.
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      220 78 INSURE YOURSELF FOR A SMOOTH LAWIfi §S£§&\fSi< 'f/Jsk 111^11^ Do so with People's Insurance, one of Singapore's leading insurance companies. People's Insurance has been helping people prepare themselves for emergencies for over 30 years. We have policies to protect you against accidents, fire and industrial risks. Our motor and travel
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      194 79 ,n v i; U tovs l\ S® 0 *P treasure* 8 Pi COtpor LaßS3Baa lff\\ l 0 use d i vp*?&>*& ftssr\\ b eQUVtc^ cnlS Banquet 0 39 cU TtetKY*J\\o*fr oXi% c »h^i:\s^s»s»\\ W\ ed n the 9 VjBS A A o^ en fare* wSSsrSr-fl St 3 -sgsssssfe\\ w«s?s3!sss6 s<-„
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      231 80 Our professional staff worldwide provide cost effective offshore I company formation and administration services with nominee I facilities. I BAHAMAS 900 I BRITISH VIRGIN ISLANDS $950 I CAYMAN ISLANDS 17 50 I DELAWARE $295 I GIBRALTAR 500 I HONG KONG 225 I SOUTHERN IRELAND 400 I ISLE OF MAN 450
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      215 81 Volvo goes beyond selling you one of the your Volvo for a service. We'll pick it up for you at also applies in the unlikely event of a mechanical world's safest and most reliable cars. your convenience and deliver it to your breakdown. Just leave your car. We'll collect it
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      142 83 &l CREDIT LYONNAIS Credit Lyonnais, one of the world's largest banking groups, has recently expanded its capital markets operations in Singapore to complement its established banking, securities and commodities businesses here. With the largest network of branches in Europe and with a presence in 76 countries worldwide, serving over two^thirds
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      333 84 H- IV H 4 MaMgMB ejBI H B IHP B jB -^vv *sHBWP^i r x "Vffi *\3 The high returns of international bond markets arc usually GLOBAL Management Limited, the Savers Global Bond Fund gives you available only to the large institutional investors. But with ¥> access to the cxciting
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      327 85 ~MW -v rWmSKKmKBKMKMKKm Diversification holding a variety of investments which respond differently marks. Sterling Pounds, Swiss Francs, Yen, Canadian, Australian and New to market forces is the key to a healthy, well-balanced portfolio Zealand dollars Minimum placements are Sslo,ooo equivalent, except for And investors looking for alternative investments to diversify
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      131 86 THE KWANGTUNG PROVINCIAL BANK *>>'i f SINGAPORE BRANCH 60. Cecil Street. #01-00 KPB Building. Singapore 0! 04 Tel: *****22. *****35 iff SUB-BRANCH 60. Eu Tong Sen Street, #01-01 Furama Singapore Hotel Shopping Centre. Singapore 0105 Tel *****53/4. *****90 v® —"tJI f 5 1 ilk WE OFFER A FULL RANGE OF
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      114 86 SINGAPORE JOHOR Redevelopment of Heeren Taman Perindustrian Building Site Cemerlang BATAM JAKARTA v^SSagrrf Bayview Shopping Centre Wisma Bank Dharmala Valuers, Estate Agents, Property Managers Auctioneers SINGAPORE BATAM FT Debanlndo Prima Head Office Komp. Jodoh Square, 11 Collyer Quay Blok B, No. 20A #13-01 The Arcade J| Raja Ali Haji Singapore
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      107 87 hh^H v wL a ■k VB JOIM 9ft ■BfciJ 'V Qjfgf MkJ 3 XI rir J m f ffufy^^HnS^Mfli^^H Si >J% "HSU Keppel Bank Together We Build Whatever your banking needs, be it financing for your imports and exports, working capital, building projects, office equipment or machinery, or to help
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      111 88 J f, WE DESIGN BANKS. iivi.-i inni\irr rnmnniMirc ini icctitiiznt ooni/z/\/r iiijui\liiiLt iui ilrli lICD. II lI'CDI i I'll 11 ui\ui miu 1 n\i u, riNnisirc rnmochsiicc > Sr/ /Jz I'll ll ll ILL LUI II 111 lII—I if //7 X W//V 1 1 h i and Corporate Offices i\o«-
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      128 89 TALK TO THE INSURANCE BROKER YOU CAN BANK ON FOR QUICK AND PROFESSIONAL ADVICE An Independent Insurance Broker provides convenience, choice and knowledge Just about everyone benefits front using an insurance broker particularly one whose standards adhere to the requirements of the Singapore Insurance Brokers Association CONVENIENCE: Because as Brokers,
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      237 89 We've brought one of the world's most famous companies across borders, W M J r 1 r Ek M j*' J .Jtcwf II 1 ill llk V >* just think what we could do for yours... There are few dance companies as celebrated and of international banking services, including: recognised
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      167 90 J MasMCard ■■K. w Br^H MASTERY LOSING TOUCH I YOUR fl "for mo, good orchrtecture isn't just functionol.»'«responsive to ..CMC I A if, I I! jimmy mm J V 4 R its surrounding environment < fl V ITl»Wlwm»n g w*in»wnfnr H jh 1 Rr ifl n 11 A II I
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      141 91 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Pilling the gap
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      290 91 Computers and Communications ADK digital KTS The Intelligent Choice of Communication Experts Intelligent Is tne word to describe Advanced DK series Digital Key Telepnone Systems. Because of its unique flexible-port system wnicn allows any combination of CO/PBX lines and intercom lines, it IP A grows witn your business. Besides a
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  • Page 91 Miscellaneous
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      98 92 SCAR WITH NOMURA U f j When it comes to investment services and financial requirements, put your trust in the total resource strength W" <: *.-•>•' of The Nomura Group. IT «V f m tm Jk A 3IF Hr 4V Vv '*8b8« If/ Jjg C Singapore Nomura Singapore Limited Vm
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      239 94 LET THE FINANCE SPECIALIST KEEP YOUR BUSINESS ROLLING f V-/ j^h^: The successful entrepreneur relies on experience to run his business smoothly and profitably. Experience that makes him a cut above his competitors. But if you need that extra edge to give your business the competitive advantage, turn to the
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      132 94 Up, with 8.1.L. Since 1856, the Banque Internationale a Luxembourg has ft held a predominant position in the steady economic h 1 progress of Luxembourg. We at Banque y fi Luxembourg pride ourselves on being the oldest and largest of the Luxembourg banks. We offer above all, complete disp cretion
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      25 94 fe <T —Ti. I --L'V ggjg^gB rrrSl -—1 qm*. "I really don't need a mortgage; I just want to be Involved In the mortgagor-mortgagee relationship."
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      58 95 "...It transcends language, law and custom. It is the closest thing to a universal currency there i 5..." Dee Ward Hock Founding President, Visa International In a speech made at the ABA National Bank Card Convention in New York on September 17, 1980. VISA WORLDWIDE SPONSOR 1992 OLYMPIC GAMES Q§9
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      114 96 A TRADITION OF RELIABLE FINANCIAL SERVICES Services Available Fixed, call deposits savings accounts Property loan (Residential, Industrial (Si Commercial) Construction Loan Equipment Machinery Loan EDB's Local Enterprise Finance Scheme Factoring Car Loan (Hire Purchase, Car Mortgage) Block Discounting Leasing Share Loan (normal or short term) Shipping Loan Safe Deposits Boxes
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      620 96 Banking Finance Books w S i From Simon Schuster... M I I FOREIGN EXCHANGE The publication of suppleI TODAY, 3rd EDITION ments approximately every nine months will ensure that By Raymond CONINX ,he reader is kept mformed of Float,ng exchange rates and ch M the frequent continuing currency 990 ,3-*****8-8
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      237 97 High speed, heavy duty laser printer Colour TFT LCD 386 Laptop 16 pages per minute High-resolution multi-colour 10" Thin Film Ultra-compact, space saving design Transistor LCD (*****0 colours) •Emulates HP LaserJet 11, Epson FX-80, IBM VGA emulation Graphics Printer, IBM Proprinter, Diablo 630 Built-in 100 MB HDD 750-sheet capacity, 3-way
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      125 98 *4 Spacious bedrooms one large utility room N. s y Built-up approx. 2600 sq. ft. /Jy located in Tampines Road with easy access to major expressways: PIE. TPF. F.CP. Conveniently located in a quiet residential area. TrV Up to 100% financing v\\TISIT a k V VA large exclusive roof garden
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      85 99 PAXUS celebrates its 2nd decade of outstanding performance in the world of Information Services in Asia. Software and Solutions for Retail Banking Wholesale Banking Life Insurance Fire and General insurance Health Systems Professional Office Systems EDI Consultancy Services People Placement Computing PAXUS A WORLD OF INFORMATION SINGAPORE I'd *us Information
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      255 99 IT'S EASY TO SEE THE FUTURE IF YOU KNOW WHERE TO LOOK. jf *%y. m r- *x j>y v -fifth 1 II i I* f 11 'a i <: Vr >/ y/. r/. 1 I -t lv\. j. 1 1 I^ll| It's far from easy to run a business day
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      420 100 ONE SPARK IS ALL IT TAKES TO BANKRUPT YOUR BUSINESS n Were you a victim of A Kumahira Safefile is not a "ROVEN this fire which destroyed ,uxur y —lf ,s necessary Because of documents destroyed in a fire this ord inary filing cabinet What nom al st eel ?I^c
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      452 101 r Hong Kong on $0 a day. OK, so you saw Lifestyles of the Rich and Famous exceed both limits, you can access your personal account and decided to jet to Hong Kong for a week. at any one of our 915 ATMs located around the world. Thought you couldn't
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      548 102 The Academic Programme at Banque Asia '91 Finance Asia '91 State-of-the-Art Presentations on Financial Technology Applications June 19 21, 1991 Raffles City Convention Centre The solutions-oriented exhibits in Credit Analysis in the 1990's combination with a state-of-the-art Beyond academic programme is what makes David Tong, PKF Consultants, Banque Asia the
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      342 103 2 Million People Trust Us With Their Money. Why? wp hrinp results Around the world, our team of 180 fund managers 2nd Decause we bring results. analysts embraces the "bottom up" research approach. Because around the world the Fidelity name means xhi S means a company's stock will be included
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      128 104 XK CHRONOGRAPH WATCH mSmmKm it imipm /llfflU P" if 1 'i i i 1 fficsi THE SPIRIT OF JAGUAR The Jaguar XK chronograph watch: Swiss precision and English prestige in perfect harmony. Equipped with automatic mechanical movement, three-dial chronometry for seconds, minutes and hours, calendar and tachometer. Available in solid-gold
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