The Business Times, 24 December 1990

Microfilm: NL17372
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Monday December 24 1990 75*
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  • NEWS SUMMARY
    • Article
      Jewish immigrants pour into Israel
      79 1 THE tide of Soviet Jews to Israel turned into a Hood over the weekend with the arrival ot 5,500 immigrants fleeing food lines and instability in the Soviet Union. "The current situation in the Soviet Union, growing tension, political instability and uncertainty has the effect
      79 words
    • Article
      Market past its peak
      36 1 THE WRITING was on the wall almost a year ago but it took the Gulf crisis to bring it into sharp relief: the local property market has seen its peak Page 2
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    • Article
      Compaq confident
      38 1 THE ALMOST certain recession in the US and the storm clouds gathering over the Middle East notwithstanding, Compaq Computer Asia's managing director is still optimistic about the personal computer outlook for Asia in 1991 Page 2
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    • Article
      New investment peak
      32 1 FOREIGN INVESTMENT in China this year is expected to reach US$6.l billion, a new record, in spite of lower figures for the first four months of the year PageS
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    • Article
      Jittery about Russia
      41 1 THE RESIGNATION of the Soviet Foreign Minister raises big questions about the future of the Soviet Union and may cause US companies to be even more cautious about investing in the country, say trade experts said Page 5
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    • Article
      Crisis for Pakistan
      25 1 PAKISTAN will soon face a deep economic crisis unless the government makes major reforms, says a top World B&nk official Page 5
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    • Article
      KFC hangs tough
      24 1 HARD HIT by the high rentals and infrastructural developments along Orchard Road, KFC has managed to weather its setbacks Page 2
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    • Article
      Musical reflections
      34 1 P Y VAN shares reflections about the music of the season, and also attends the SSO's Christmas concerts where sweets, balloons and spilled champagne were all part of the programme Page 15
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    • Article
      Update on surcharges
      30 1 CURRENCY surcharges for the North America-Asia trade, except Japan, will stay unchanged while fuel surcharges will fall at the start of next year. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      HSH does well
      45 1 SHIPPING GROUP Hai Sun Hup has reported a healthy 45 per cent boost in net profits to $9 million, and has also decided to go ahead with a longdelayed purchase of a floor in Southpoint building at a lower price Page 3
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    • Article
      Mulpha buys L Farm
      24 1 MULPHA International has decided to go into property development with its MS 100million purchase of Leisure Farm Corp Page 3
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    • Article
      KL's waiver guidelines
      30 1 MALAYSIA'S Panel of Takeovers and Mergers has given guidelines for waivers on general offers relating to restructurings as well as acquisitions requiring new share issues Page 3
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    • Article
      Magnum sells stakes
      34 1 MAGNUM Corporation Bhd has agreed to sell its interests in seven subsidiaries involved in the sale of four-digit number forecast betting tickets to Empat Nombor Ekor (Selangor) Sdn Bhd Page 3
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    • Article
      Speculation resurfaces
      37 1 SPECULATION that troubled Orion Pictures may be sold to a foreign buyer has risen again on a report that Hongkong investor Raymond Chow may make a bid for the studio's motion picture arm. Page 4
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    • Article
      HK firms Down Under
      31 1 THREE Hongkong-based companies Hong Kong Land, Dairy Farm and Mandarin Oriental will be listed on the main board of the Australian Stock Exchange this week Page 4
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    • Article, Illustration
      STOCK INDICES
      27 1 Friday Change BT-MGA 579.45 -1.17 Kuala Lumpur ....494.14 -3.46 Hongkong 3,079.67 +1.46 Tokyo 24,119.60 -405.34 Sydney 1.271.8 -4.8 New York 2,633.66 +4.20 London 2,164.4 +5.6
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    • Article
      CURRENCIES
      20 1 Exchange rates USS SS 1.7420 Yen S$ 1.2847 MS SS0.6438 Money market rates Overnight 2-1/2 +1/2 3-month 5-1/16% -3/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix USS383.25 -USS1.20 Rubber S'pore Jan 151.50*/kg +1.00 M'sia Jan 239.00*/kg unch KL Tin Turnover 61 tonnes +24 Spot MS 14.91/kg -0.10 Crude palm oil Turnover 1,882 lots +980 Jan M$875/tonne +1
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  • Article
    ICI to slow down regional investments
    458 1  -  Existing projects not affected; slowdown not a change in policy By Genevieve Cua DOGGED by the economic uncertainties arising from the continuing Gulf crisis, UK-based chemicals giant ICI is slowing down its investment commitments somewhat in the region. However, the plants that it has
    458 words
  • Article
    Metro details deal with Takashimaya
    665 1  -  Deal is in the best interests of shareholders By Lee Han Shih IN ONE of the most stunning corporate deals of the year, retailer Metro Holdings has conceded the Orchard Road high ground to its Japanese rival Takashimaya in return for an income of more
    665 words
  • Article, Illustration
    Lock icon Cambodian factions fail to endorse UN peace plan
    264 1 Reuter CAMBODIA's four warring factions failed to endorse an ambitious UN-sponsored peace plan yesterday, but they took the peace process a step forward by agreeing to continue talks. "We have advanced on the path which should lead to a return to peace
    Reuter  -  264 words
  • Article
    Malaysian banks supportive of EMS: judicial managers
    321 1  -  By William Chia THE judicial managers of financially-stricken videotape maker Electro-Magnetic (S) Ltd said over the weekend that the Malaysian creditor banks of the company are supportive of them and have given no indication that they (the banks) intend to wind up any
    321 words
  • Article
    Lock icon Trade bloc: KL to seek Asean support
    202 1 AP MALAYSIA is sending missions to ask its partners in the Association of South-east Asian Nations to support establishment of an East Asian trade bloc, the trade minister said yesterday. Rafidah Aziz, Minister of International Trade and Industry, said she would visit Indonesia
    AP  -  202 words
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      287 1 —BtH'l,i:Hm 111 EXECUTIVE I PLACEMENTS a *****62 I fr'Mwiiiiiii fiiMViiiia'iigfiiif.iiifnii'iiiiii'iii'gii in Aircraft Schedule 17 Money Changer Rates 17 World News 5 The Arts 15 Money Market 13 For market indices, editorial, Commodities 16 SES 8,9 advertising and circulation exCryptic Crossword 17 Si me* 13 tensions, call Business Times Futures Options
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  • HOME NEWS
    • Article, Illustration
      A softening property market sobers up
      1062 2  -  But the year has not been without its share of cliff-hanger deals and headline-grabbing takeovers, writes Elaine Koh Elaine Koh THE WRITING was on the wall almost a year ago but it took the Gulf crisis to bring it into sharp relief: the property
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    • Article
      Singapore to attract Malay/ Muslim talent from abroad
      292 2 TO HELP the Malay Community catch up and to sharpen Singapore's international competitiveness, the government has set up a special task force to attract Malay/Muslim talent from abroad. In making the announcement last Saturday, the Acting Minister for Information and the Arts,
      292 words
    • Article, Illustration
      Compaq upbeat about Asian market for personal computers
      435 2  -  By Shoeb Kagda THE ALMOST certain recession in the United States and the storm clouds gathering over the Middle East notwithstanding. Compaq Computer Asia's managing director Lim Soon Hock is still optimistic about the personal computer outlook for Asia in 1991. Not
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      Page 2 Advertisements Column 1
      103 2 FOR WHO, WHAT, WHERE AND WHEN IN THE MARKET. I ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Hai Sun Hup chalks up 45pc rise in after-tax
      497 3  -  By Elaine Koh SHIPPING group Hai Sun Hup has reported a healthy 45 per cent boost in profits after tax and minorities to $9 million, and has also decided to go ahead with a long-de-layed purchase of a floor in Southpoint
      497 words
    • Article
      Lock icon New KL guidelines on waiver from general offer
      367 3 MBT MALAYSIA'S Panel on Takeovers and Mergers has established guidelines under which it can consider granting a waiver from a mandatory general offer pertaining to a restructuring or acquisition involving the issue of new securities. This was stated in a new Practice
      MBT  -  367 words
    • Article
      Lock icon Nylex in acquisitive mood despite economic uncertainty
      283 3 MBT THE NYLEX (Malaysia) group expects to be able to take over promising growth companies in Asia irrespective of the state of the economic climate. The group's ambitious growth plans will not be scuttled by a regional slowdown. The reverse could be true
      MBT  -  283 words
    • Article
      Lock icon PanGlobal proposing rights issue to boost unit
      246 3 Bernama PANGLOBAL Equities Bhd is proposing a rights issue which will double the paidup capital of its insurance subsidiary, Pan Global Insurance Sdn Bhd. This is to meet the minimum solvency requirements set by Bank Negara for insurance companies. PanGlobal's chairman, Mr Wong
      Bernama  -  246 words
    • Article
      Lock icon Mulpha to pay M$100m for Leisure Farm
      265 3 MBT MULPHA International Trading Corp will venture into property development with a Msloo-million agreement to acquire Leisure Farm Corp, a company with a vast land bank in Johor and on-going projects. The acquisition will be paid for by Ms2s million cash and the
      MBT  -  265 words
    • Article
      Lock icon Magnum to sell interests in seven subsidiaries
      178 3 Bernama MAGNUM Corporation Bhd has agreed to sell its interests in seven subsidiaries involved in the sale of four-dig-it-number forecast betting tickets to Empat Nombor Ekor (Selangor) Sdn Bhd for M 533.18 million. The seven are Empat Nombor Ekor (Johor) Empat Nombor Ekor
      Bernama  -  178 words
    • COMPANY BRIEFS
      • Article
        G Lumber buys 9m Rashid Hussain shares
        94 3 GENERAL Lumber (Holdings) has acquired nine million shares in Rashid Hussain on the open market at Ms 3 a share for M 527.3 million. With the acquisition, G Lumber has become one of the substantial shareholders of Rashid Hussain with a stake of
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      • Article
        Lion's study not completed
        92 3 LION CORP has not completed its study on the proposed joint venture to set up a multi-billion-ringgit integrated steel mill in Malaysia with China Steel Corp of Taiwan and other Malaysian investors. Managing director William Cheng said the government has indicated that it is in favour
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      • Article
        Consplant willing to sell land
        77 3 CONSOLIDATED Plantations is willing to sell its remaining land in the KJang Valley either en bloc or piecemeal. "But we are in no hurry," said Consplant director Wong Kuan Lee at an extraordinary general meeting over the weekend. A company spokesman had said at the
        77 words
      • Article
        UIS assets backing at $1.24
        25 3 UNITED International Securities Ltd has announced that its unaudited net tangible assets backing per share as at end-No-vember was $1.24.
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Lockheed can keep its 49pc stake in Airod
        157 4 MALAYSIA has allowed Lockheed Aircraft Services International to keep its 49 per cent stake in Airod Sdn Bhd, a local aircraft repair and overhaul company, news reports said on Saturday. Lockheed was allowed to keep its stake because the government had full
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      • Article
        TI signs new deal with Samsung
        107 4 TEXAS Instruments Inc said on Friday it reached agreement with Samsung Electronics Co Ltd on a five-year broad-based semiconductor patent cross-licence agreement. The agreement, beginning in 1991, replaces a five-year agreement that expires at the end of this year. TI will receive royalty payments
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      • Article
        VW resumes talks with Czechs
        58 4 VOLKSWAGEN AG (VW) said it had resumed talks with the Czech government and its state-owned car parts maker Bratislavske Automobilove Zavody (BAZ) on setting up a joint venture. "We are interested," a VW spokesman said. Prague reopened talks on BAZ with VW recently after discussions
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      • Article
        Unocal in US$515m oil project
        59 4 UNOCAL Corp announced on Friday a US$5l5 million project at its Wilmington Refinery that will enable the oil company to produce low-emission gasolines. Unocal said the project, which will come on line in late 1993, will include a 55,000 barrel-a-day processing unit and sulfur recovery
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      • Article
        Trump Taj Mahal blues
        63 4 TRUMP Taj Mahal Associates said that even after implementation of its prepackaged bankruptcy plan, its continued high debt level may have "material adverse effects" on new bonds and Class A stock. The partnership also said it may be unable to borrow additional funds or obtain funds
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      • Article
        Cuba in deal with French firm
        51 4 TOTAL-CIE Francaise des Petroles and a unit of French trader Societe Interagra signed an exploration and produc-tion-sharing contract with Union Del Petroleo de Cuba, Total's chairman said. Serge Tchuruk said it was the first production sharing deal signed between Cuba and an international oil
        51 words
    • Article, Illustration
      Lock icon HK movie mogul reported to be stalking Orion
      526 4 Speculation boosts share price of US studio UPI SPECULATION that troubled Orion Pictures may be sold to a foreign buyer rose again on Friday on a report that Hongkong investor Raymond Chow may make a bid for the studio's motion picture arm.
      UPI  -  526 words
    • Article, Illustration
      Lock icon Loan recovery part of Bank Bumi's growth strategy
      834 4 Bernama BANK BUMIPUTRA Malaysia Bhd, after returning to the black in the year ended March 31, 1990, wants to turn this recovery into the platform upon which to build its future growth, its new executive director, Dr Jaafar Ahmad, said on Saturday.
      Bernama  -  834 words
    • Article, Illustration
      Lock icon London futures may move towards pit-style trading
      416 4 Reuter THE LONDON Futures and Options Exchange (Fox) is to hold an extraordinary general meeting on January 8 to consider a move to pit-style trading, Mark Blundell, its chief executive, said. "We agreed that wc would expedite matters," he said in an interview.
      Reuter  -  416 words
    • Article
      Aussie listing for three HK-based companies
      331 4  -  From Florence Chong in SYDNEY THREE Hongkong-based companies Hong Kong Land, Dairy Farm and Mandarin Oriental will be listed on the main board of the Australian Stock Exchange this week. The listing of the companies, with a total capitalisation of A 56.638 billion, followed
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    • Article
      Lock icon Hungary relying on mixed group to rescue Ikarus
      343 4 Reuter HUNGARY has chosen an alliance of Soviet transport authorities, Western investors and a Taiwanese business group to rescue Europe's largest busmaker. The consortium pledged US$l7O million as part of a major reorganisation to return the loss-making Ikarus group to profitability next
      Reuter  -  343 words
    • Article
      Lock icon Debt-laden WPP withholds dividend
      378 4 AFP WPP GROUP, the world's biggest advertising company, has announced that it would not be paying a 1990 interim dividend to shareholders. The move last Friday prompted further losses in WPP's share price, which has fallen dramatically in recent months as the company grappled with worsening
      AFP  -  378 words
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  • THE WORLD
    • Article
      Lock icon New high likely for foreign investment in China
      294 5 Annual total estimated at record US$6. lb AFP FOREIGN investment in China this year is expected to reach US$6.l billion, a new record in spite of lower figures for the first four months of the year, the China Daily said yesterday. The
      AFP  -  294 words
    • Article, Illustration
      Lock icon Manila facing year of economic and political turmoil
      442 5 AP FOR the Philippines, next year will probably be a grim one of rising inflation, a declining economy and political instability. After three years of economic growth rates topping 5 per cent, many economists predict recession next year, with sharp increases in
      AP  -  442 words
    • Article
      Lock icon India seeking IMF loan to help economy
      255 5 Reuter INDIA, facing a severe foreign exchange shortage that has been made worse by the Gulf crisis, is seeking a loan from the International Monetary Fund (IMF) but officials say it could take up to three months to negotiate. "We are going in
      Reuter  -  255 words
    • Article
      Lock icon Thailand's rice exporters worried
      628 5 Next year's outlook looking grim amid cut-throat competition AFP THAI rice exporters say they face a grim year ahead as they lose their edge on the world rice market to their South-east Asian neighbours and prices tumble. Vietnam has emerged as one of Thailand's main competitors,
      AFP  -  628 words
    • Article, Illustration
      Lock icon US firms jittery over Shev's resignation
      454 5 Reuter THE RESIGNATION of Soviet Foreign Minister Eduard Shevardnadze raises big questions about the future of the Soviet Union and may cause US companies to be even more cautious about investing in the country, say American trade experts. Most of the several hundred US
      Reuter  -  454 words
    • Article
      Lock icon Pakistan faces deep economic crisis, says World Bank
      259 5 Reuter PAKISTAN will soon be in the grips of a deep economic crisis unless the government makes major reforms, a senior World Bank official said. In a newspaper column Moeen Qureshi, executive vice-president (operations) for the bank, said Islamabad must bring in
      Reuter  -  259 words
    • WORLD WATCH
      • Article
        British trade deficit narrowed in November
        66 5 BRITAIN'S trade deficit improved slightly last month, falling to under £1 billion, with a better-than-expected export performance. Britain's Central Statistical Office said November's trade deficit fell to £970 million from £1.064 billion in October. The improvement came with strong export performance, rose to £8.792
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      • Article
        Roh planning reshuffle: reports
        63 5 SOUTH KOREAN PRESIDENT Roh Tae-Woo is planning a sweeping Cabinet reshuffle by early January at the latest, according to press reports in Seoul. The reshuffle would involve at least a half of the 25 Cabinet posts, including that of prime minister, according to reports in the
        63 words
      • Article
        France gives loan to China
        56 5 FRANCE has signed an agreement with China to provide a credit of 1.31 billion francs (US$262 million), according to a reliable source in Paris last Saturday. It is the first loan by the French government to China since the Chinese government put down student protests
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      • Article
        Beijing places curbs on timber
        96 5 BEIJING has ordered timber consumption to be sharply cut back over the next five years to try to halt the rapid depletion of China's forests, the official China Daily reported last Saturday. The State Council, or Cabinet, has reduced the number of trees allowed felled
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      • Article
        Cambodian currency devalued
        58 5 CAMBODIA's central bank devalued the war-torn country's currency, the riel, in October for the fourth time this year by 17.65 per cent against the US dollar. The Phnom Penh news agency SPK said last Saturday that the Oct 18 devaluation was preceded by a 10.87 per cent
        58 words
      • Article
        Kuwait to invest in Syria
        63 5 THE FINANCE MINISTER of the exiled Kuwait government has said that his country will invest more than US$3OO million in Syria, which is backing multinational efforts to oust Iraq from Kuwait. Sheikh Ali al-Khalifa al-Sabah said at a news conference in Damascus last Friday that
        63 words
      • Article
        Bangkok raises minimum wage
        61 5 THE LEGAL MINIMUM WAGE in Bangkok and some other parts of Thailand has been raised to 100 baht (US$4) a day, the Thai News Agency (TNA) reported last Saturday. Local newspapers reported that the move, a raise of only 10 baht (40 cents), resulted in strike
        61 words
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      36 5 A. |Br^ "THE THEORETICAL" "THE PRACTICAL" HOTELPTOENIX SINGAPORE Orchard Road Sannri Road, Singapore 0923. Telephone: *****66, Cafel* FEEN/X. TfU. FEENIX R*****8. Telefax *****24. A mrmKi <if the OCBC Group A Superior First-Class Hotel on Orchard Road
      36 words
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  • ENTERPRISE & MANAGEMENT
    • Article, Illustration
      Disruptions fail to ruffle KFC's feathers
      917 6  -  Kentucky Fried Chicken has been hard hit by the high rentals and infrastructural developments along Orchard Road. Chuang Peck Ming reports on how the fast-food chain is coping with the setbacks and its strategies for growth Chuang Peck Ming Among major fast-food chains, Kentucky
      917 words
    • Article
      MEMOPAD
      340 6 Seminars and courses Duration Title Venue Organiser Tel Jan 3 4 The Secretary in Management Singapore *****66 Management Today Hse Institute of Management Jan 5 Guidelines on Personnel POD Training *****KI Part-Time Organisation Centre Employment Development Jan 7 Object-Oriented ISS Building ISS Technology *****20 Technology Update Current Issues Seminar
      340 words
    • Article, Illustration
      Lock icon Making it on your own steam
      859 6  -  John Ridding offers some tips on how to do business in South Korea and come to grips with a dynamic economy which, however, often has bewildering customs and culture John Ridding FT ALL foreign countries are unique, says the manager of the Seoul office
      FT  -  859 words
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      35 6 Management Consultancy Sl# I I I T r 1/ Seminars And Training IK I I I I Business Assistance It I L L I L l\ Manpower Recruitment CONSULT ANTS Business Centre Direct Mailing U
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  • SPORTS
    • Article, Illustration
      Lock icon Baseball on the rise in Australia
      855 7 NYT AUSTRALIA'S national game may be cricket, but more and more youngsters are playing baseball instead. "Baseball right now is the No 1 participant sport in primary schools," said Don Knapp, managing director of the Perth Heat of the Australian Baseball League. "Among senior
      NYT  -  855 words
    • SIDE LINES
      • Article
        Ivy League players to take on Japanese team
        102 7 JAPAN'S fledgling football all-stars have been drubbed twice before by Americans in the Ivy Bowl. Their answer this year is the shotgun oflence, and Yale coach Carm Cozza has said that he is a bit worried. "I saw videotapes of the Japanese
        102 words
      • Article
        Top US jockey suspended
        101 7 PAT VALENZUELA, one of the US' leading jockeys, was suspended for six months on Saturday by the Hollywood Park Board of Stewards for racing violations, including his refusal to undergo drug testing. The 28-year-old rider was suspended indefinitely on Nov 3 for failure to ride his
        101 words
      • Article
        Syria overthrows Japan
        80 7 SYRIA upset the team favourite, Japan, on Friday to win the gold medal in the 1990 World Karate Championship in Dubai. No one expected Syria to reach the finals and few gave them a chance against a Japanese team led by world champion Masao Kagawa. Morocco's Malika
        80 words
      • Article
        Packers frozen out
        82 7 THE Green Bay Packers saw their hopes for a "wild card" berth put on ice in Wisconsin on Saturday when they lost to the Detroit Lions 24-17 in bone-chilling weather. The temperature at game time was two degrees Fahrenheit (-17 centigrade), the coldest since the 1967 "Ice
        82 words
      • Article
        Krutov for Switzerland
        103 7 SOVIET star Vladimir Krutov, a bust with the Vanucover Canucks of the National Hockey League, has been given permission by the club to try to re-start his once brilliant career in Switzerland. Although a buyout of his hefty NHL contract remains unresolved, Krutov and his family leave
        103 words
      • Article
        England in better position
        78 7 PACE bowler Devon Malcolm took four wickets for 44 on Saturday to lift England to a much stronger position on the third day of its four-day cricket match against Australian state team Victoria. Victoria held an overall lead of 243 runs with three second innings wickets
        78 words
    • Article, Illustration
      Lock icon US doctors boost hopes of injured Italian driver
      197 7 AP ITALIAN Formula One driver Alessandro Nannini, whose right forearm was severed in a helicopter crash, says American doctors have boosted his hopes of a comeback in 1992. Nannini travelled to the US earlier this week for examinations on his forearm, which
      AP  -  197 words
    • Article
      Lock icon Irish golfing hero dies
      321 7 AFP IRISH GOLFER Harry Bradshaw, who lost a play-off for the 1949 Open Championship to Bobby Locke at Sandwich, died in London last Saturday at the age of 77. Bradshaw's place in golfs hall of fame was secured during the second round of that championship at
      AFP  -  321 words
    • Article
      Lock icon Bigger winning purses on Japanese golf circuit
      282 7 AP JAPAN'S professional men's and women's golf tours will grow richer in prize money next year and the number of senior tournaments will increase dramatically, according to figures released last Friday. The Japan Professional Golfers Association said the total prize money for 1991
      AP  -  282 words
    • Article, Illustration
      Lock icon US$2m pay day hasn't changed Pete Sampras a bit
      668 7 IHT WINNING US$2 million in the first Grand Slam Cup tournament may not change Pete Sampras, who is also the youngest man to win the US Open, but the tennis player believes people around him have changed in the last couple
      IHT  -  668 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market expected to lose more ground this week
      8518 8  -  By William Chia THE local bourse is expected to remain bearish this week, with the Straits Times Industrials Index continuing to register falls, said Hongkong-based Cresvale Far East Ltd. It said that the market outlook, on a weekly basis, has turned negative.
      8,518 words
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  • MARKET REVIEWS
    • Article, Illustration
      Lock icon Fed sends Wall Street a Christmas cut
      627 10 NEW YORK AP THE CAMPAIGN to try to brighten up Wall Street in time for the holidays has received some extra lastminute help from the Federal Reserve. But analysts warn that a promise of cheaper money from the Fed and its chairman, Alan
      AP  -  627 words
    • Article
      They are not living for tomorrow
      868 10  -  LONDON By Ray Heath NEVER MIND this recession, investors in UK stocks should be bracing themselves for the next. Like the hungry tribe which is forced to eat its own seed corn, even though it will mean an even more meagre harvest next year,
      868 words
    • Article
      Lock icon Shevardnadze surprise hits stocks
      562 10 V ft>TOKYO AFP THE sudden announcement of Soviet Foreign Minister Eduard Shevardnadze's resignation drove Tokyo stock prices down last Friday to close out the week lower after a hefty advance over the previous two weeks. The key indicator of the Tokyo Stock Exchange, the Nikkei Stock
      AFP  -  562 words
    • ASIAN MARKETS ROUNDUP
      • Article
        HONGKONG
        159 10 SHARE PRICES fell on the Hongkong bourse in uneasy trading last week, with the Hang Seng Index losing 46.02 points, or 1.47 per cent, to close at 3,079.67 for the week. Average daily turnover also shrank to HK.S6OI million (US$77 million) from the previous week's HKS769 million (US$99 million).
        159 words
      • Article
        SYDNEY
        169 10 FALLS in News Corp shares and fears of a conflict in the Gulf pushed Australian stock prices down to a 34-month low last week. The main market indicator, the All Ordinaries Index, slipped 38.2 points, or 2.9 per cent, to 1,271.8, its lowest close since early 1988. The All
        169 words
      • Article
        BANGKOK
        119 10 THE Securities Exchange of Thailand (SET) index closed last Friday at 611.63 points, down 37.95 points from the previous week. The market declined daily during the week with the exception of Wednesday when the index gained 4.54 points. Average daily turnover by volume was 26,752,977 shares, plunging from the
        119 words
      • Article
        TAIPEI
        246 10 SHARE PRICES on the Taiwan Stock Exchange continued to slide in thin trading as investors took little heart from steadier oil prices. The weighted price index lost 324.85 points, or 7.5 per cent, to add to the previous week's nosedive of 645.5 points. The index closed at 3,979.46 points
        246 words
      • Article
        JAKARTA
        183 10 PRICES slowly climbed on the Jakarta Stock Exchange (JSE) last week as trading picked up in expectation of a new set of regulations to implement the government's decision to privatise the stock exchange. Most traders believe the measures, to change the gov- ernment-owned Stock Market Executive Agency (Bapepam) which
        183 words
      • Article
        Lock icon SEOUL
        97 10 AFP SOUTH KOREA'S stock market closed the week mixed as institutional investors massively bought shares to back up the prices against profit-taking amid reports of gloomy economic prospects for 1991. The broad-based Composite Stock Price Index closed Saturday's half-day session at 705.63, a marginal rise from 705.49 a week
        AFP  -  97 words
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      157 10 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. Filling the gap
      157 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares head downwards despite generous Budget
      4175 11 MBT AFTER two weeks of firmer trading, share prices fell back on profit-taking and lack of buying interest to close slightly easier on the Kuala Lumpur stock market last week. Hopes that the market would rally following the good Malaysian Budget were dashed when
      MBT  -  4,175 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      42 11 'Si^T tJr DVlit, <jii9^^^^H 77m is Naomi Campbell. .S'/jr My^^mH S/jg earns $1.7 million a year. Naomi is one of the world's top black models. No wonder they call her the Black Bardot. 9HHf Paper will 1 English-language newspaper Available after i« ■&>
      42 words
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  • WORLD STOCK MARKETS
    • New York mixed in 'triple witching' trade
      • Article, Illustration
        NEW YORK
        992 12 WALL STREET stocks ended mixed in a day dominated by the "triple witching" expirations of December stock index futures, index options, futures options and options on individual stocks. Because of the volatility associated with the event, many investors stayed on the sidelines, making for a drifting market. The
        992 words
      • Article, Illustration
        LONDON
        855 12 UK SHARES rebounded after a dull Friday morning and the FTSE 100 closed 5.6 points higher at 2164.4, largely on the back of Wall Street strength. The FT 30 was up 1.2 at 1688.4 "There was a fair amount of volume mainly from bed and breakfast trades," said a
        855 words
      • Article
        AMSTERDAM
        333 12 DUTCH shares ended a shade lower on Friday, with a small late flurry of professional interest linked to the expiry of European Options Exchange contracts enlivening a very quiet market, dealers said. The CBS general tendency index closed 0.2 lower at 94.2, with transport and technology firm Internatio-Mueller showing
        333 words
      • Article
        BRUSSELS
        170 12 BELGIAN shares closed last Friday with further small losses after a slow pre-Christmas session. The downward lurch on Thursday on the resignation of Soviet foreign minister Eduard Shevardnadze was followed a feeling of general market malaise. Brokers could not see where positive corporate or economic news might come from.
        170 words
      • Article
        PARIS
        184 12 FRENCH share prices closed higher as the market rebounded from the previous day's lows and investors got their books into shape ahead of the Christmas break, dealers said. The CAC-40 index closed 11.25 points, or 0.72 per cent, higher at 1,563.97. "There is some cosmetic windowdressing going on. The
        184 words
      • Article
        MILAN
        168 12 ITALIAN shares trimmed part of their opening losses to end above the day's lows on Friday but trading was confined mostly to light position-squaring ahead of the Christmas holidays. The market reopens next Thursday. "Nobody was expecting much movement after yesterday's three per cent fall and ahead of a
        168 words
      • Article
        TORONTO
        177 12 TORONTO stocks finished mixed as several blue chips posted losses in thin, featureless pre-holiday trade. "I think from here until the end of the year, markets will be quiet," said analyst Jack Stacey of Moss Lawson Co. The composite index fell 11.66 to 3,243.77. Advances led declines 285 to
        177 words
      • Article
        FRANKFURT
        261 12 GERMAN shares ended narrowly mixed in quiet pre-Christmas trading, with most operators sidelined due to a combination of year-end factors and concern about the political situation in the Soviet Union and the Gulf. The 30-share DAX index ended Friday's session 5.62 points Firmer at 1,414.88 after plunging 3.3 per
        261 words
      • Article
        Untitled
        309 12 Johannesburg Dec 21 Rand INDUSTRIALS A Alpha.... 2250B A E C 1 1300 unch Abercom 38 -2 Amaprop 665 -5 AMIC 7800 -200 Barlows 3725 25 Basil Strfc 23S BAZ Blyvoor 975 +25 CG Smith 7900 unch Cnagalo 1850 unch Curfin 380 unch F.dgars 4000 unch Fed Volk Firsl Intl
        309 words
      • Article
        STOCKHOLM
        137 12 PRICES on the Stockholm bourse closed mixed in slack trade, with most investors already absent for the Christmas holidays, dealers said. They said overnight gains on Wall Street helped blue chips firm and prevented shaiper declines in reaction to Soviet foreign minister Shevardnadze's resignation on Thursday. The bourse general
        137 words
      • Article
        Lock icon ZURICH
        283 12 Reuter SWISS shares recovered from earlier losses and extended midsession gains to close slightly higher last Friday. Dealers said a surge in the dollar and Wall Steet's higher opening boosted selected blue chips. "There was some light buying ahead of Christmas and the year end after rebounding from a
        Reuter  -  283 words
      • Article
        Untitled
        77 12 Dec 2i Close Previous NEW YORK Do» Jones 2.633.66 2,629.46 +4.20 NYSE Financial 123.64 123.75 -0.11 SAP 500 331.75 330.12 +1.63 Turnover (million) 235 175 +60 LONDON Financial Times 30 1.688.4 1.687.2 > 1.2 FTSE 100 2,164.4 2.158.8 +5.6 Turnover (million) 526.7 590.2 -63.5 AMSTERDAM CBS Tendency Index 94.2 94.4
        77 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar ends higher in NY as war jitters continue
      545 13 REPORTS THE US DOLLAR continued on an upward track for the second day in New York on Friday, ending nearly two pfennigs higher against the mark as Mideast war jitters combined with lingering nervousness about events in the Soviet Union.
      545 words
    • Article
      Lock icon Yen falls on Shevardnadze's resignation
      599 13 ASIAN CURRENCIES AFP THE JAPANESE yen slipped sharply against the US dollar in the wake of Soviet Foreign Minister Eduard Shevardnadze's resignation as players bought dollars. The Thai baht, the Indonesian rupiah and the Singapore, New Zealand and Taiwan dollars all lost ground against the
      AFP  -  599 words
    • Article
      INTERBANK FOREX RATES
      359 13 Cross rates 22 USS SS MS Dm Yen SFr AS NZ$ USS 1.7430 2.7070 1.5290 135.35 0.5302 1.3095 1.2928 1.7050 SS 0.5737 1.5531 0.8772 0.7765 0.3042 0.7513 0.7417 0.9782 MS 0.3694 64.39 0.5648 0.5000 0.1959 0.4837 0.4776 0.6299 Dm 0.6540 1.1400 1.7704 -»S8.52 0.3468 0.8564 0.8455 1.1151
      359 words
    • Article
      MONEY MARKET
      570 13 Interbank rates S$ Bid Offer Overnight 2 1/2 2 3/4 1 month 4 7/8 5 2-month 5 5 1/8 3-month 5 1/16 5 3/16 Overnight mode: 4-1/4 l S$ High l>ow 7 days II 7/8 7 3/8 1 month 8 3/4 8 1/8 2 months 8 1/8 7
      570 words
    • Article
      Lock icon German mark gains strength in the EMS
      322 13 Reuter HIGHER oil prices, persistent dollar weakness and weakening economies in a number of European countries have helped the mark improve its standing in the European Monetary System (EMS), the Bundesbank said. "The oil price rises, the dollar's continuing weakness and the not
      Reuter  -  322 words
    • Article
      Lock icon Belgian central bank to change monetary policy tools
      523 13 Reuter BELGIUM'S forthcoming money market reform to bring monetary policy into line with other European Community countries will change the way the Belgian National Bank steers the money market. A study by Kredietbank NV said the central bank's current key tool, the
      Reuter  -  523 words
    • Article
      Lock icon Mixed outlook for spot gold
      394 13 GOLD FINANCIAL FUTURES REPORT Sin Huat Bullion THE SHOCK resignation of Soviet Foreign Minister Eduard Shevardnadze last Thursday added a new and potentially destabilising twist to the mix of fundamentals affecting the current outlook for gold. Attempts to analyse this factor have been further complicated
      Sin Huat Bullion  -  394 words
    • Article
      FINANCIAL FUTURES
      818 13 Prime lending rates BANKS i ABN Bank 8V« Allied Irish Bank PLC 8''« American Express Bank 8Vj Am'Dam R'terdam Bank 8'« Arab Banking Corp 8V2 Arab Bank PLC Asia Commercial Bank 7V« Australia NZ Banking 8'/i ANZ Banking Group 8% Ban Hin Lee Bank 8'4 Banca Commerciale 8Vj
      818 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      280 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Some like it hot. A Jißra t1 I H* j 11 Spicv S/echuan dishes served at lunch and dinner dail\ in thrcool. inwting atmosphere ol S/echuan Court. Reset aat ion. :W0 83 10 or
      280 words
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      Page 14 Advertisements Column 2
      314 14 jCREAI /tr hit iz ir-ti ~tz-tr-Cr tr-teirtrii I /FANTASTIC v iFRUIITUL iIOOMEQ CHRISTMfIStN£WYEfIB V SuprMtMbljcurt. Bi r y»*ll aMftgfey A WONDERIAND OF FEASTING XMAS KVK 2412 90 (lafe Boulevard X'mxs Buffet Dinner at $30+ (adult) J 20++ (child). Coffct Pol Special candlelight set dinner at $M).oo+ per person Jade Li
      314 words
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      Page 14 Advertisements Column 3
      295 14 Seafood Theatre Restaurant < Cantonese-Th« Cuisine W\ MAKE NO BONES ABOUT IT. OU«S£T MENUS Alt VALU£-fO*-MQN{Y, -vS; <■) A rare treat indeed! Exotic Cantonese-Thai cuisine served at the most affordable prices. In a variety of set menus for 2—lo persons, priced from $50++. Call 298 0011 ext 8605 for reservations.
      295 words
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      Page 14 Advertisements Column 4
      366 14 JH. fl H fljp V jk I Wjj&£? You'll enjoy our delicious selection of authentic Beijing Dian Xin served amidst the splendour of an Imperial Court. May we expect you today? W From noon to 2.30 pm nun, I Ala carte menu available. flflitJ a^NB S/ar>e6mn fvytVXf btfa inte <apnn
      366 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      817 14 TELEVISION AND RADIO "I "I "1 SBCI2 10M Family and Friends Reunion 1.00 AM One* Upon a Stephanie. j BUSINESS ON RADIO IJI 111 T1 Q1 T1 I 11.35 Pre-Hollday Night Movie 200 F, nf,ish M M °h i~~ Tj s,t,n s BBC mHI m W Baw A aAAAAI b
      817 words
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  • THE ARTS
    • Article, Illustration
      Hark the merry amateurs sing
      729 15  -  P Y Van shares some reflections, and some woes, about the music of the season P Y Van CHRISTMAS is often associated with stirring performances of Bach's Christmas Oratorio, Handel's Messiah and Britten's Ceremony of Carols. John Rutter's arrangements of carols and Menotti's Amahl and
      729 words
    • Article, Illustration
      Lock icon The power of art in the political life of a country
      913 15  -  Two of South Africa's most acclaimed white writers, Nadine Gordimer and J M Coetzee, speak to Hillel Italie about what it means to write in a world of apartheid, police raids and rebellion Hillel Italie AP Neither Nadine Gordimer
      AP  -  913 words
    • Article
      Music from the Land of Sweets
      321 15  -  Dust mites, balloons and spilled champagne were part of the programme at the SSO's Christmas concerts which P Y Van attended over the weekend P Y Van IN A special holiday flight during the preChristmas weekend, the Singapore Symphony Orchestra journeyed to Tchaikovsky's Kingdom
      321 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      238 15 AND ENTERTAIN S IVuletide Classics Enjoy Christmas goodies, classic cuisines, fine wines, yuletide music and a medley of surprises in the traditional ambience of the ANA Hotel Singapore. A ANA HOTEL SINCAPORE 16 Nassim Hill, Singapore 1025. Tel (65) 732 1222 24 and 31 Dec ill X, Festive Dinner Dance
      238 words
    • Advertisement
      Page 15 Advertisements Column 2
      144 15 9-COURSE DELICACIES I 8 9 BONUS ITEMS I k J vVII a O Sp eC Enjoy the following bonus M enU terns now! I (D Free tea refreshment (^nr2S?S?S2SZ«S?S3S3S?nn^) (2) Free-flow of stout beer Cj 1 ASSORTED COLD CUTS Suntax 35mm camera g 2 SHARK'S FIN W/CRAB MEAT S 3
      144 words
    • Advertisement
      Page 15 Advertisements Column 3
      301 15 R FESTIVE WINING (9 AND DINING AT fig ffaym U TEE-OFF CAFE ftgfl 9| CHRISTMAS EVE BUFFET DINNER 199 KPJ $36* (Adult) Sl6 (Child under 12) KS 1900 hours to 2230 hours InZil CHRISTMAS DAY BUFFET BRUNCH K9 3wjm $28 (Adult) $15 (Child under 12) pH 1100 hours to 1430
      301 words
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  • COMMODITIES
    • Article
      Lock icon US approves limited imports of Iranian oil
      418 16 NYT THE BUSH administration has quietly authorised American oil companies to import limited amounts of crude oil from Iran, partly relaxing a ban on all Iranian goods imposed in 1987 near the end of the Iranian-Iraqi war. The action, approved by the president
      NYT  -  418 words
    • Article
      Lock icon Angolan firm to get US$50m loan from De Beers
      278 16 AFP DE BEERS Centenary AG, the Swiss holding company of the De Beers diamond selling organisation, has agreed to lend US$5O million to the Angolan state diamond company Endiama, De Beers announced. The agreement, to be finalised in January, covers the
      AFP  -  278 words
    • Article
      Lock icon Heightened uncertainties benefit precious metals
      924 16 REPORTS AFP GOLD firmed over the past week, thanks to a reduction in the United States discount rate, the resignation of Soviet foreign minister Eduard Shevardnadze and receding hopes of a negotiated settlement in the Gulf. Platinum also benefited from increased political uncertainties in the
      AFP  -  924 words
  • Article
    PRICES
    1111 16 Rubber MS (fob in bates) S cents/kg Int 1 RSS Close Dec 17 150.00 Dec 18 150.00 Dec 19 ....150.50 Dec 20 '50.50 Dec 21 '51.50 MRELB (fob in txlea) M cents/kg Int I RSS Close Dec 17 239.00 Dec 18 238.50 Dec 19 238.00 Dec 20 239.00 Dec
    1,111 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      418 16 NOTICE EDNA COMPANY (PTE) LIMITED (In Members Voluntary Winding lip) LIQUIDATORS' OfflCE: IS Beach Road #03-10 Beach Centre Singapore 0718 NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Chapter SO, that the Final Meeting of the company will be held at I
      418 words
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      Page 16 Advertisements Column 2
      607 16 ROBIN STEEL (PRIVATE) LIMITED (In Members Voluntary WindingUp) LIQUIDATORS OFFICE 15 Beach Road #03 10 Beach Centre Singapore 0718 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Chapter 50. that the Final Meeting of the company will be held at 1 Marine
      607 words
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      Page 16 Advertisements Column 3
      13 16 FOR WHO, WHAT, WHERE AND llpgHElt#! IN THE MARKET Every Thursday ADVERTISING MARKETING
      13 words
    • Advertisement
      Page 16 Advertisements Column 4
      7 16 Executive Jobs every Saturday in Business Times
      7 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1064 17 City Flight ETA Flight ETD City Flight ETA night ETD AdtliHtt SQ228 t9(X) SQ227 2130 MH605 cn i nc 1020 MH670 cn i rv? 0950 Amman RJ182 1400 Oy I UO SQ107 1 v3v 1305 Oy 1 UvD SQI08 1U4D 1145 Amsterdam KL841 SQ23 1140 1325
    1,064 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Making a big deal about truffles
      719 17  -  LETTER FROM PARIS By Patricia Wells SOME years ago, dining in a restaurant in Aries, I looked on as a young American at the next table had her first taste of black truffle. Her anticipation was understandably high, her enjoyment understandably short-lived. She bit
      719 words
    • Article
      MONEY CHANGER RATES
      150 17 As at 3pm yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3330 1.3630 Canadian dollar 1.4830 1.5130 NZ dollar 1.009 1.0390 Sterling pound 3.2900 3.33 US dollar ***** 1.7460 Load dollars to 100 units of foreign cwcncy Austrian schilling 16.00 17.00
      150 words
    • Article
      WORLD TRADE EXHIBITIONS
      109 17 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Jan 19-27 International Exhibition For Caravaning. Germany Stuttgarter Messe Und Kongress (46)711/2589-0 Feb 7-12 International Toy Fair Valencia, Spain Feria Muestrario International De Valencia ********** Jan 21-24 Motoring, Tourism Middle East Manama. Arabian Exhibition 973/*****3 Feb 9-17
      109 words
  • Page 17 Advertisements
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      352 17 KM 'VIJI [MM I Substitute which may be H 4 now and again (3,3,2) 9 Sort of bloomer that's printed once a year (6) """IMI Hil 10 Almost a hit with the girl 12 It sounds like higher rent 13 Get your hands on a small |j 14 Adapt to
      352 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      213 17 Singapore Outlook: Windy, with showers over a few areas in the afternoon. Forecast Maximum temperature 30.6* C Assoc humidity 64% Minimum temperature 24.2* C Assoc humidity 93% Hours of sunshine 7.25 Rainfall in mm Trace Rainfall this month 201.1 Rainy days this month 15 World report Asia-Pacific Hi/Ixj* Cond. Auckland
      213 words
    • Miscellaneous
      Page 17 Miscellaneous Column 3
      26 17 CVARISTraRS CARDS Hwe STPRTepJ f I'p ui<e r p\ece of V^riving.. J fifrQOT P££j lqngJ S"TC>?eS Hv swcsT\f xrT* C EVENING STANDARD CO. LTD.. 1962-1990 033S
      26 words
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  • Article
    Asian commodity exchanges gaining world status
    591 18  -  Japan leads in launch of futures contracts By Shoeb Kagda ASIA'S commodity exchanges, long regarded as second rate cousins of their European and American counterparts, are coming into their own as the Asia Pacific region continues to outpace other regions in economic growth. Led
    591 words
  • Article
    Lock icon US groups planning investment in South Africa, says paper
    295 18 AFP SOUTH AFRICA is poised to receive millions of dollars in US investment capital as sanctions continue to crumble, a newspaper reported in Johannesburg yesterday. Some 300 US investors would be visiting South Africa next year and in an "important psychological
    AFP  -  295 words
  • Article, Illustration
    Christmas camouflage
    36 18 Getting into the spirit of the season, a London traffic warden suitably decked with tinsel and mistletoe watches over tens of thousands of people in Regent Street doing their Christmas shopping over the weekend.
    36 words
  • Article
    Lock icon Gulf leaders discuss regional security system at summit
    363 18 UPI LEADERS of the pro-West-ern Gulf Cooperation Council discussed at a summit in Qatar yesterday a new security system for the oil-rich region that would include non-Arab Iran. Diplomatic sources said the Emir of Qatar, Sheikh Khalifa bin Hamad al Thani, called
    UPI  -  363 words
  • Article
    Lock icon Japan leads in direct overseas investment
    460 18 Asahi JAPAN became the world's largest direct overseas investor on an annual basis last year, sending US$44.l billion abroad to purchase real estate, invest in foreign companies and operate subsidiaries of Japanese companies, the Japan External Trade Organisation (Jetro) has announced in Tokyo. Jetro,
    Asahi  -  460 words
  • Article, Illustration
    Lock icon US troops ready for possible war, says Cheney
    402 18 The Gulf Crisis Agencies AMERICAN Defence Secretary Dick Cheney said yesterday after an extensive review of US forces in Saudi Arabia that he is convinced his troops are prepared for a possible war with Iraq, saying they are capable of striking "today"
    Agencies  -  402 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      8 18 PiageT Kmim en imuxmiE im us m GENEVE
      8 words
    • Advertisement
      Page 18 Advertisements Column 2
      162 18 PiageT kmiiifm en mmrmn imjis 1x74 CI-MVIi THE GROWTH TRIANGLE A Special Business Times Survey February 26, 1991 The Growth Triangle began casually as an idea. Singapore. Batam. Johor. Singapore has a rich pool of managerial talent. Batam and Johor are rich in natural resources, land and labour. Combine the
      162 words
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  • Shipping Times
    • Article
      North America-Asia CAFs to remain unchanged except Japan
      373 19  -  By Rahita Elias CURRENCY surcharges for the North America-Asia trade, except Japan, will remain unchanged while fuel surcharges will be lowered at the start of next year. This is because of a relative stabilising of exchange rates between the Taiwanese, Singapore and
      373 words
    • Article, Illustration
      Foreign lines urged to use M'sian agents
      314 19  -  By Khaidir Abd Majid FOREIGN shipping lines serving Malaysian ports should be required by law to appoint Malaysian companies as general agents, said the Port Klang Shipping Agencies Association. Its president Mohamed Shees Ismail said such a regulation is needed as most lines
      314 words
    • Article
      Lock icon Asia-Pacific urged to take measures against air congestion
      189 19 AP THE international air transport industry has appealed to governments in the Asia-Pa-cific area to take urgent measures against air congestion. In a report issued last Thursday, organisations representing airlines and airport authorities warned that, without an increase in capacity, trade and
      AP  -  189 words
    • Article
      Lock icon Philippine Airlines dismisses 10 officials
      139 19 AP PHILIPPINE Airlines has dismissed 10 senior officials for alleged involvement in transactions that resulted in the loss of up to two billion pesos (US$7l.4 million) for the state-owned airline, a statement said on Friday. The Board of Directors said late on Thursday in a
      AP  -  139 words
    • Article
      Lock icon NTT confident of continued profitability
      355 19 UPI MASASHI Kojima, president of Nippon Telegraph and Telephone Corp, expressed confidence that the company will remain profitable for years to come despite growing competition from newcomers on the domestic market. "NTT will have to go through difficult years in terms of financial performance for
      UPI  -  355 words
    • Article
      Lock icon Japanese carmakers expect sales increases next year
      245 19 NYT DESPITE growing fears of an economic slowdown, Japanese automakers are predicting an increase in domestic car sales next year. Leading the optimistic forecasts for 1991, Toyota Motor Corp, the largest Japanese carmaker, expects to sell 2.6 million cars, up 4 per cent
      NYT  -  245 words
    • NEWS SUMMARY
      • Article
        Crew size and safety at sea
        69 19 THOSE who would argue for a cause-and-effect relationship between decreased crew size and erosion of vessel safety will find scant succour from the US National Academy of Sciences' two-year study of the subject. The 162-page report by the academy's National Research Council (NRC) states
        69 words
      • Article
        Evergreen maintains steady growth
        61 19 EVERGREEN Marine Corp is seeing its ocean freight business to and from Taiwan stabilise as more and more cargoes are lifted from other parts of the region. But although growth at Evergreen's home base Kaohsiung has slowed, several factors are still combining to maintain steady growth,
        61 words
      • Article
        Gulf crisis rocks cruise line
        33 19 AFTER buffeting the airlines with higher jet fuel prices, the Gulf crisis is now starting to rock one of the United States" major vacation cruise lines Back Page
        33 words
      • Article
        Justice Dept to review TWA-American deal
        39 19 THE US Justice Department will review a proposed US$625 million deal between TWA and American Airlines to determine whether the sale of international routes and airport facilities would violate antitrust laws Back Page
        39 words
      • Article
        Loral wins US$202m satellite contract
        28 19 LORAL Corps Space Systems/Loral unit won a USs2o2.4m contract from the International Telecommunications Satellite Organisation for two modified Intelsat VII spacecraft Back Page
        28 words
      • Article
        Bids for trans-Atlantic network sought
        41 19 MCI Communications Corp and British Telecom pic are seeking bids for the construction of an undersea fibre optic cable that would link Europe and North America with a capacity exceeding planned or existing networks Back Page
        41 words
    • Article
      Lock icon Australia set to have major yard at Kembla
      396 19 Lloyd's List A PLAN for Australia to enter the world shipbuilding and repair industry on a major scale with a modern As7so million drydock and construction complex at Port Kembla, south of Sydney, has been put forward. The funding company is Australian
      Lloyd's List  -  396 words
    • LOG BOOK
      • Article
        KDD expands ISDN service to Italy
        80 20 KDD (Overseas Communications Japan) has expanded its international integrated services digital network service to cover Italy, San Marino and the Vatican. The giant international telecommunications company said the new service was started on Thursday in cooperation with Italcable in Italy. The company said its
        80 words
      • Article
        Satellite TV broadcast
        91 20 HUTCH VISION'S US$4OO million satellite television scheme should be broadcasting by the end of 1991 on two "or three channels. The channels will carry mainly music and sports for Hongkong, Taiwan and Thailand in the first phase of operation, a company spokesman said. He added that the
        91 words
      • Article
        Ford, Fiat sign agreements
        68 20 FORD MOTOR Co and Italy's huge Fiat Group signed final agreements to form a new agricultural implement company merging FiatGeotech and Ford New Holland Inc. .The companies said they had agreed in principle to form Jhe new company in which Fiat has an 80 per cent
        68 words
      • Article
        Signal to slow trains
        49 20 JN AN ATTEMPT to prevent another accident at the Boston train station where a derailment last week injured hundreds of people, Amtrak last Thursday installed a signal that will automatically slow any train approaching the «ta£ion, even if its engineer does not apply the brakes.
        49 words
      • Article
        Komatsu Dresser lays off staff
        71 20 XOMATSU Dresser Co, a joint venture between Japan's -Komatsu Ltd and Dallas-based Dresser Industries, has laid <>ff about 250 employees at its Libertyville plant, a spokesman said. The company, based in this Chicago suburb, [began laying off approximately 200 manufacturing employTees, including hourly and salaried
        71 words
      • Article
        Samsung wins US$12m deal
        69 20 SAMSUNG Aerospace Industries Ltd has been awarded a *4JSSI2 million contract to construct rain shields and floor panels for the CH47D Boeing Chinook helicopter, the [company said last Friday. Samsung will supply parts for five US-made helicopters a month for four years, the company added. Samsung
        69 words
    • Article
      Lock icon Crew size need not affect safety
      926 20  -  Joel Glass looks in detail at a major report on manning levels on board US ships Joel Glass Lloyd's List Those who would argue for a cause-and-effect relationship between decreased crew size and erosion of vessel safety will find scant succour from the US
      Lloyd's List  -  926 words
    • Article, Illustration
      Lock icon Maintaining steady growth at Evergreen
      667 20 Cargonews Asia As Taiwanese companies emulate their counterparts in Japan and Korea and race offshore to set up manufacturing and assembly facilities in lower cost areas of Asia, Evergreen Marine Corp is seeing its ocean freight business to and from Taiwan stabilise as more and
      Cargonews Asia  -  667 words
    • Article
      COCKETT BUNKER MARKET REPORT
      952 20 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
      952 words
    • Article
      THE SHIPPING GUIDE
      12145 28 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,145 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        630 35 Vnsal Voy No Bcrltt VttkjI Departif* Itoppd Wharves Gradotea 01/90 K34 alongside 2412/2100 Kota Beran E-879 K32 alongside 28 12/2300 Mudanstian 10 K31 alongside 2412/1500 Roiatme 1 K29 alongside 2312/1400 Sunny Ventur 53 K30 alongside 2312/1930 Aj Mohammed 3 K33 2412/1900 27 12/0600 Als Strength 29EB K33
        630 words
      • Article
        CONTAINER SCHEDULE
        1203 35 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookiif/Balance Rdfe Sty Voy No Etb/Btr Poriod From To From ACKbd, 27A 26/1900 4 24/1200 24/1459 24/1700 tn in*,* 7B 25/0700 1 23/1500 23/1659 23/1900 LotUS 78 3 24/0700 24/1159 24/1400 ***** 24/2300 2 23/1700 24/0659 24/0900 493 27/0900
        1,203 words
      • Article
        IN MALAYSIAN PORTS
        349 35 Port Klang Berth at South Port on Dec 21: 1: Equity; 2: Fort Windsor; 3: AJioth SS; 4: Kinryu; 5: nil; 6; Sinar Mega. 7: Sri Nam Hua 4: 7A: Meiaka Jaya KCT: 8: ml. 9: Swan Reefer; 10: Kota Makmur North Port: 11: Ryokim; 12: AJam
        349 words
      • Article
        DAILY FREIGHTS
        722 35 CHARTERING on the freight market was quiet on Thursday but featured the as of yet unconfirmed report of the first Soviet-bound grain shipment after the relaxing of some trade restrictions on Moscow by the US, brokers said. The unconfirmed report said a major grain house had taken a
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      Lock icon Gulf crisis stirs the waters for US cruise line
      445 36 UPI AFTER buffeting the airlines with higher jet fuel prices, the Gulf crisis is now starting to rock, one of the United States' major vacation cruise lines. Officials at Holland America Line say the Iraqi invasion of Kuwait last August has
      UPI  -  445 words
    • Article
      Lock icon Loral gets satellite order worth US$202m
      160 36 UPI LORAL Corp's Space Systems/Loral unit won a U*****.4 million contract from the International Telecommunications Satellite Organisation for two modified Intelsat VII spacecraft. The contract includes inorbit performance incentives that would bring the total programme value to about US$27O million during the next 10
      UPI  -  160 words
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      Lock icon Justice Dept to review TW A-American deal
      233 36 AP THE US Justice Department said it would review a proposed US$625 million deal between TWA and American Airlines to determine whether the sale of international routes and airport facilities would violate antitrust laws. The department made its announcement last Thursday after receiving
      AP  -  233 words
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      Lock icon MCI, British Telecom seek bids for new trans-Atlantic network
      241 36 UPI MCI COMMUNICATIONS Corp and British Telecom pic are seeking bids for the construction of an undersea fibre optic cable that would link Europe and North America with a capacity exceeding planned or existing networks. The companies, who formed the TAT-X
      UPI  -  241 words
  • Page 19 Advertisements
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      113 19 THE SPECIALIST IN: Wire Rope Slings Lashing A Materials j^Ttesting !M* Sfm FACILITIES jig Lifting availabu IWr INTERMARINE SUPPLY CO (PTE) LTD lllife TEL; *****33 (6 LINES) FAX: *****77 container between g|| Australia jj jj'&i r d i S Hi in the 13 years J3 ,ot competitors come. And go.
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      Page 19 Advertisements Column 2
      28 19 Cockett Report 2 Container SctwMe 17 OaKy FragMs 17 Index to Advertisers 3 Shppng Gude 10.11 Stops m Port 17 Singapore Tries 17 Weather and Sea Condrtons 17
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      Page 20 Advertisements Column 1
      90 20 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS r 1 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional
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      Page 21 Advertisements Column 1
      1097 21 JARDINE SHIPPING AGENCIES %«llf# 200 Cantonment Road #12 05 Southpomt, Singapore 0208 \lllfr Tel *****11 TEIEX NO RS 24m f nnm TERMINAL CFS Tel *****18 220 7m rnVn ?1 bookings Tei *****34 23s L VwOT M *esaka iardine shipping agencies PORT KELANG TEL *****18 TELEX MA***** MA***** ■■MB PENANG TEL
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      Page 21 Advertisements Column 2
      1256 21 INDEX TO ADVERTISERS Pane Col Page Col I A I Lloyd Triestino 4 1/2 1 Lucky Seaway 15 3 ABC Containerize 13 S Lykes Lines S I Accord Group 8 I*3 5- AFS 15 1 M Ahrenkiel Liner 16 3 Mac-Nels Agencies 14 1/2 AltatrosSea-Air 4 4 Macoline 18 2/3
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      Page 21 Advertisements Column 3
      33 21 MAERSK WE WISH ALL OUR CUSTOMERS MERRY CHRISTMAS AND A HAPPY NEW YEAR! i See Tuesday. Thursday Advertisement For East Med/Red Sea. Jeddah. Gulf. India, Pakistan/Colombo, South/East Africa, Australja/tyew Zealand, Micronesian Islands 1
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      Page 22 Advertisements Column 1
      855 22 "8" ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE OSAKA BAY 97/565 30/12 ,8/1 20/1 '''J TOLAGA BAY 13/558 31/12 >7/1 ■HONG KONG EXPRESS 98/501 3/1 28/1 22/1 24/1 CITY Of EDINBURGH 93/503 6/1 23/1 26/1 "TOK» EXPRESS 97/505 13/1 30/1 I' 2 BEfIAVON 98/508
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      Page 22 Advertisements Column 2
      595 22 SINGAPORE TO NOUMEA 12 DAYS FOR BREAKBULK AND CONTAINERS COMMENCING SEASPAC I VOY 1702 EB ETA SIN 28/12/90. CSAV WILL CALL NOUMEA WITH A MONTHLY ALLWATER SERVICE. SINGAPORE: *****56 I PfcSAKA JARDINK M'SIA BOOKINGS: *****00 KELANG: 03 368-4118 JOHORE: 07 *****2 J I EXPRESS TO PAPUA NEW GUINEA I SPOREI
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      Page 22 Advertisements Column 3
      1467 22 gams regular independent full container service WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA AL MUNTAZAH 9042-3 25/12 14/01 16/01 19/01 20/01 21/01 22/01 23/01 25/01 NORASIA SAMANTHA 9043-3 01/01 21/01 22/01 26/01 27/01 28/01 29/01 30/01 31/01
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      Page 23 Advertisements Column 1
      591 23 hipping Times, Monday December 24 159# Sjjgfiteamere MoritimeTloMirigs Ltdj W p&o lysss^sraffl UPvContainers mJm J II Berk £El*S? China Navigation Co. I (A mmkm «l AWIO) I Syarikat Perkapalau Kris I' Mansftold Container Shipping Pt« Ltd I I UkEi IS Mo« Chiang Road #o*-03 lo M S*ntord Building D/l I
      591 words
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      Page 23 Advertisements Column 2
      893 23 TO: EUROPE TO: FAR EAST SPOKE HK RAO HOB BU cp M ROM HAM B MVN tM FIX CMOYANG VICTORY 001E 2*U B/12 11/U MANiiN hamburc omw mu in I'd £1 1252S U i'/ ia! lW ma Sn HANJIN ROTTERDAM OIJW VI W1 W W Snr ,11 t jv choyawc
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      Page 23 Advertisements Column 3
      432 23 g7yyrwwffPWPW!Wi7Bfßfi' RO RO SERVICE T I I EAST MALAYSIA I I ETA SPORE 29/12/90 I I ETA P. KELANG 30/12/90.1 I ETA KUCHING 2/1/91 1 I ETA KOTA KINABALU 4/1/91 I I M.V. "ORANGE MOON" VOT.S I |IMLINTERMARITIME I I SOUTHERN AFRICA SERVICE I I DIRECT MONTHLY SAILINGS I I
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      Page 24 Advertisements Column 1
      604 24 gg CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE TO EUROPE VSL.VOY S PORE R DAM/ADAM H'BURG BREMEN ANTWWP WJTAI/a*B In Port 30/1 W W W MATARAM7BWB I 29fl W 11/3 15/3 17/3 FAST TRANSIT TIME I ACCEPTING BREAKBULK/CONTAINERISED CARGO SB*i«ct to tnduc*m«nl. Also accepting cargo to Caeablanca. Port SaW. Port Alexandria,
      604 words
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      Page 24 Advertisements Column 2
      585 24 I HAN JIN SHIPPING I j FULL CONTAINER SERVICE HANJIN HAMBURG 004# HW MM S? W Sgßft ICTO.Y 0011 ["51 SST* ZJS |l HAN N ROTTERDAM 012W I 5 1 123/1 24/1 25,1 25/1 27/1 28/1 HANJIN LEHAVRE OUE U\ MRKT 21H 24/1 CHOYANC VICTORY 002W 12/1 »1 31/1 1/2
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      Page 24 Advertisements Column 3
      101 24 EUROZONE FREIGHT SERVICES PTE LTD NO 10. MAXWtU ROM) CD MMWCU HOUJt SMQAPOHf O<W TK Rirw LMiS) fA* *****H TUL W 2«WO TM S7» Weekly Kxpres. FCL LCL CONSOLE SVCS, TO/FROM: TAIWAN HKG BKK USA UK EUROPE Services To: BRUNEI. E. MALAYSIA F. EAST PORTS PROVIDE INT I TRUCKINC DOOR
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      Page 24 Advertisements Column 4
      1344 24 PKL SCP HKG KSC KLG PUS MKT OSK SHU TYO LAX CHS BAL NYC IHV ANW ROM THf HBC SCP E GLEAMY RE«I In Pt »12 2*12 2/1 VI «l «1 W W W W W *2 I*2 20/2 21/2 2/3 W JW I GROWTH RE (BO 20 W W
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      Page 25 Advertisements Column 1
      623 25 «@^#SoSs>> Wishes All Its Business Associates Bheung-a shippingl Korean Flag Vessels WISHING OUR CUSTOMERS FRIENDS MERRY CHRISTMAS AND A HAPPY NEW YEAR National Line of Sri Lanka WISHING ALL MERRY CHRISTMAS ft APROSPEROUSNEJAMfEAR W WOOD LINE SOUTHERN AFRICA SERVICE SPORE PL DBN CT •FORT S9lOl 31/12 17/1 24/1 1/2 •ALSO
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      Page 25 Advertisements Column 2
      1204 25 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4) *****8 JOHORE BAHRU: *****1; *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VtSSUS VOYACi |SP<M |MAN<LA HUONG VOYACI SPORE PKLANC MUM (HAVEN TILBURY ROTT
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      Page 26 Advertisements Column 1
      1552 26 K** f r-" Y AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No **********0 M) W W TEL *****77 TELEX KAWAKIRS23I6S FAX *****79 a I M MALAYSIA HARPER WIRA SDN BHD JL A TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWA.S \KI KISEN KAISHA I II) INDONESIA P T
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      Page 26 Advertisements Column 2
      1206 26 \gm PHiu-omcNT UN€S PTC ltd V 108 ROBINSON ROAO #07 00 GMG BUILDING SINGAPORE 0106 J TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA... ng jgT WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 29 DEC MONTREAL, 30 DEC DUBAI,
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      Page 27 Advertisements Column 1
      1470 27 aaggPff PACIFIC INTERNATIONAL LINES (PTE) LTD B PIL Building, 140 Cecil Street *03-00, Singapore 0106. I JAKARTA I I BANGKOK I VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN EDEN 9M4 28/12 29/12 3/1 PEGASUS PROGRESS 646N 26/12 29/12 2/1 KOTA PAHLAWAN ST 29/12 1/1 KOTA JADE 11
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      Page 27 Advertisements Column 2
      1067 27 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint HjA Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL [VOY SPORE PKLANG S HAMPTON I HAMBURG BHAVEN ROAM L HAVRE Osaka Bay' 97/555 30/12 23/1 17/1 19/1 16/1 22/1 Tolaga Bay 13/558 31/12
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      Page 27 Advertisements Column 3
      55 27 -S,, m < Nation*! Carrier of Jordan) JORDAN FAR EAST LINE S.A. REGULAR MONTHLY BREAKBULK SERVICE TO RED SEA PORTS Vessel/Vov SPORE KTAN ISKAN FOR Hodeidah, FORTUNE BETA In PI 25/12 29/12 JEDOAH, JFOOBW AQABA LOAD FM E. M'SIA/INDONESIAN PORTS SUBJECT TO INDUCEMENT General Agents: BEN LINE AGENCIES (S) PTE
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      Page 27 Advertisements Column 4
      244 27 rn MYANMA yUk HVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIg Pen P.Gdg AVA VIOSW K/29 Dec In PINVA VII2W In Pt 27/29 Oec PAGAN VlttW 30/1 Jan MYOMAYWA VI3IW 2/5 Jan HPA AN VISBW 4/6 Jan g> THE BANK UNE (A »«rvic« of Andrew Wolr
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      Page 30 Advertisements Column 1
      763 30 MgSßzyj^g) INTEGRATED CONTAINER SERVICE ■FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX BRV ROM ANT HBG CARMEN CARINA *I*lllo2 2S/12 11/1 17/1 20/1 11/1 IS/1 ARABIAN SEN WFIO3 27/12 19/1 20/1 22/1 23/1 THUERINGEN WMIO3 2/1 30/1 29/1 117 31/1 27/1 GERJIAN SEN WFIO4 VI 24/1 25(1 27/1 21/1
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      Page 30 Advertisements Column 2
      1103 30 TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 29 DEC ft 5 JAN LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HAMBURG MANCHESTER LE HARVE AND ALL EUROPE INLAND DESTINATIONS FAR EAST F>ORT KELANG 28/12 4 4/01 MANILA 29/12 4 5/01 PENANG 28/12 24/01 BUSAN 29/12 5/01 BANGKOK 22/12 4 1/01 TOKYO 27/12 4
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      Page 30 Advertisements Column 3
      224 30 LOADING FOR VtSSU SPORE CBO DBh BAIRCS MVIOCO RIO STS WIT PACUA KfiMEII I m m* MM 73/4 V* OPT V4UM 7 DISCHARGING FM vtssu [l?ORi MUG MNL KCf 'OK NCO KOI MOSTWIN I 1W V *****1 I* 3 Turkey, Red Sea/ Med Ports. Spore P Keljnj Peajnj Loadin* for
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      Page 30 Advertisements Column 4
      1227 30 '"E +«isif > fiaP CHINA OCEAN SHIPPHC COMPANY FULL CONTAINER LINER SERVICE *****00 2. MISTRI ROAD, HMC BUILDING TELEX. RS KOOCOSHIP #15 00 SINGAPORE 0207 FAX. 2261«tt CR NO **********0 M CABLE: COSTARLINE General Agents: COSTAR SHIPPING PTE LTD TO EUROPE FROM EUROPE VESSEL /VP Y SGP FLX HOT HAM
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      696 31 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 i Competitive Rates!! ETA USA All IPI Destns 26/12, 29/12 EUROPE all Ports 26/12, 29/12 BANGKOK 28/12, 2/1 HONGKONG/CHINA 28/12, 1/1 SYD, MEL, ADEL, BRIS 31/12, 6/1 FREMANTLE 26/12, 4/1 MANILA 28/12, 4/1 PKLG/PENANG 30/12, 6/1 Port Kelang Branch Tel: *****21/2/3 Fax: *****24
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      Page 31 Advertisements Column 2
      261 31 RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL: *****33 (12 Lines) Z* FAX: *****15/*****03 pH TELEX: RS ***** RISHIP (3 Lines) ![£T\ ETHIOPIAN SHIPPING LINES J (National Lines of Ethiopia) ACCEPTING FCL ANO CONVENTIONAL VESSEL IVOY ETA ILOADING FOR SPORE ABBAV WONZ ?WB IS/01 OARESSAI AAM MOMBASA DJIBOUTI ASSAB MASSAWA
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      Page 31 Advertisements Column 3
      824 31 MASKAPAI PELAYARAN TOpulau LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN JHE PORTS OF S PORE, INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN
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      Page 31 Advertisements Column 4
      586 31 T( try BANGKOK CEBU/MANILA VESSEL VOY 'SINCAPORE BANGKOK VESSEL {VOY SPORE CEBU MANILA SIAM PAETRA «N Tut 25/12 Fri 28/12 SO STAR S2S 28/12 3/1 5/1 NANTA BHUM 21N Thu 27/12 Sun 30/12 KITI BHUM 018 4/1 10/1 12/1 I MAMA BHUM# 40N Sit 29/12 Tut 1/1 SO STAR 02A
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      Page 31 Advertisements Column 5
      358 31 TO AUSTRALIA/NEW ZEALAND Iw[ Em Fwi Sfcib [s»d [hk Ip. chaui L TNT EXPRESS »3 5H 5/1 MO 5/1 2/2 W -I e hudic w s i in ui7 un nn jm an brussel 2u 57 nn w w wo iw c verolue at ~w w i« ton Si ~vH
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      Page 32 Advertisements Column 1
      1134 32 A MAC-NELS SINGAPORE I uport TEL *****22 J IMPORT TEL *****02 PENANG TEL (04 *****6 KK TEL (088) *****0 ITAWAU TEL (089) *****9 fTTTzxTTjP KELANG TEL (03) *****77 KUCHING TEL. (082) *****315KAN TEI (089) *****2 l-|\~/\~ J J BAHRU TEL (07)*****2 SIBU TEL (084) *****2 ||_ABUAN TEL (087)*****9 JAKARTA TEL:
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      Page 32 Advertisements Column 2
      404 32 ffefc BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER. WELLINGTON. BLUFF. CHRISTCHURCH, DUNEDIN, LYTTELTON. INVKRCARGIL. FIJI AND TAHITI SIN N Pl* AUCK LVT PROSPECT 10S 3 Jan II Jan Via NPL 20
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      Page 32 Advertisements Column 3
      1417 32 /SSI THONG SOON LINES PTE. LTD. 1 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 Z CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINCS)~ SINGAPORE TO WEST MALAYSIA I SINGAPORE TO SABAH "vessel vot |et> Inn vessel vm eta [kit KIM SOON LI 50/90E 29
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      Page 33 Advertisements Column 1
      790 33 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS' WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. i«- Penang* P. Kelang Singapore E'Msia KAMALEVERETT 02/03 Jan 04/05 Jan THOdASEVERETT 19/20 Jan 21/23 Jan KARABIEVERETT 29/31 Jan 01/03 Feb 05/07 Feb
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      Page 33 Advertisements Column 2
      534 33 VSt |VOY |S PORE hIAINLINER LAX KST SAV HYC HEX 2IM SINGAPORE VI *12 2IM IBERIA 25/1 i/2 W M 10(2 A VESSEL 2/1 21* IBERIA 25,1 1/2 i/2 1/2 I<W LEEWARD 6E 5/1 2« HAIFA 5/2 W 17/2 I*2 21/2 2IM ELAT 62E 7/1 2IM HAIFA 5/2 14/2 "/2
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      Page 33 Advertisements Column 3
      643 33 SING KWANG HANG SMtPWNQ TRANSPORTATIOM (PTE) LTD WEEKLY LCL/FCL SERVICE I VESSEL |S PORE [JAKARTA ISURABAYA] MEKHANIK KURAKO V 41N 27/12 30/12 I EQUATOR JOY VO9N |29/12 I loi/Jan VESSEL SPORE BANGKOK A VESSEL 29/12 01/01 A VESSEL 05/01 08/01 DESTINATIONS ETA SINGAPORE PORT KELANG 28 DEC MANILA 30 DEC
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      Page 33 Advertisements Column 4
      581 33 PERINTIS LINE 111 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASETIA 131 A 27/1? 30/12 PELOPOR 968 29/12 01/01 PRASETIA 133 A 03/01 06/01 TANTO UTAMA 129 25/12 28/01 TANTO UTAMA 131 01/01 04/01 TANTO UTAMA 133 08/01 11/01 General Agents ASIA PERINTIS LINES
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      Page 33 Advertisements Column 5
      328 33 SIN FAN EAST 30/12 KEELUNG/KAOHSIUNG I 29/12 BANGKOK 31/12 MANILA/CEBU I 29/12 JAKARTA/BELAWAN/SURABAYA 29/12 PORT KELANG/PENANG/E. Malaysia 1/1 BUSAN 30/12 TOKYO/YOKO/KOBE/NGO/OSA 31/12 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xmgang Shanghai SIN EBMPE/UH 29/12 LDN/FLX/LVP/SOU 29/12 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgana/Czech. SIN USA/CANADA 28/12 LOS ANGELES/NEW YORK
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      Page 34 Advertisements Column 1
      623 34 HQ w 33T CB SHIPPING I Cl™s>. MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINfR/LCL/BREAKBULK SERVICE *ANKE" SERVICE SPt LA£ HI Si MA POM TVIILE »19S8 Sailed 2 2 JJjH VJOSB 11/1 I*l ,W BUNKER SURCHARGE EFFECTIVE VI9SB teu U so 53 50 B/BULK USD 5.00 LCL USD 3.50 SUBJECT
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      Page 34 Advertisements Column 2
      911 34 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYtCHEVSK MERSIN TRIESTE I.Y V.23-90W 2/1/91 30/12/90 21/1/91 25/1/91 K.V.T. V26-CW9O 2/1/91 25/1/91 27/1/91 3/2/91 KM V24-90W 11/1/91 05/2/91 26/1/91 31/1/91 BA V27-CW9O 18/1/91 11/2/91 13/2/91 18/2/91 SG V25-90W 24/1/91 21/2/91 10/2/91 15/2/91 MSO ACCEPTING CARGO FOR MILANO LASPEZIA. PROVAGOO.
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      Page 34 Advertisements Column 3
      880 34 LCL/FCL SERVICE TO/FROM W S I HQ A j srrssssr 7BjiAKT7/AMr _3 iO PENANG KL: allied-LINK SINGAPORE: 3?&" m 04-*****2 03-*****55 778 6522(22 unesi SHEA Marina Ong Suaan Ng/Chrlatlna Chlew Irene Cheng/Eather Yap /m lIEO SHIPPING AGENCIES PTE LTD \jEJJII W "n* RS ***** NEOSHIP Fax *****59 Tel *****29 (6
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      Page 35 Miscellaneous Column 1
      813 35 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 9100 0200 0300 0400 0500 0(00 0700 MOO 0900 ******************** 150 a 1(00 ***************0 2100 *****300 JR 1.2 1.7 21 2.3 2.4 2.3 20 1.7 14 12 12 U 1.7 2.2 25 2.7 2.7 2.4 2.0 1.5 LI 0.9 0.8
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      312 36 CHARTPOINT Every Saturday in Business Times VSL VOY ETA SIN ETA P.PNH TONG SERN 10/90 20/12 31/12 CHOLTHEE 19/90 28/12 7/1 For Enquiries Call CALVIN HO/DANY LAU f r|/f HIAP HOE SHPPNG ENTERPRISE I 9/ff J TEL: *****66 FAX: *****10 \jf]y TLX RS ***** HHSHPG PT. PEUYARAN. SAMUDRA AGUNG PERFECT
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      Page 36 Advertisements Column 2
      701 36 Ahyundai MERCHANT MARINE CO- LTD, EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHT FROM PSW VOY LBH OAK SEA HKC SIN LALANDIA 37E 26/12 3/1 21/1 23/1 2S/1 24/1 HYUNDAI EXPLORER 35W 20/11 23/11 28/11 14/12 22/12 LALANDIA 37E 28/12 3/1 21/1 23/1
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      Page 36 Advertisements Column 3
      107 36 CHARTPOINT Every Saturday in Business Times WISHES ALL OUR CUSTOMERS AND FRIENDS MERRY CHRISTMAS COUGAR LCL CONSOLIDATION SERVICE FOR fnttetrir japan, east africa, colombo/karachi/bombay, I ixpKtS3«s>mirom -jJ "t EUROPE, UK, WEST MEDITERRANEA, USA, HONGKONG, I rXiZZZ''*'**"*— TAIWAN, MIDDLE EAST AND BANGKOK. PLEASE SEE TUESDAY AND THURSDAY ADVERTISEMENTS FOR SHIPPING DETAILS.
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