The Business Times, 14 March 1991

Total Pages: 46
1 46 The Business Times
  • 9 1 BusinessTimes MCI (P) 16/12/90 Thursday, March 14, 1991 75*
    9 words
  • NEWS SUMMARY
    • 63 1 INDIA'S President dissolved Parliament yesterday to clear the way for May elections, just 18 months and two short-lived governments after the country's last national elections. President Ramaswamy Venkataraman said in New Delhi that a new Parliament should be constituted by June 5,
      63 words
    • 53 1 US RETAIL SALES rose 0.8 per cent in February, their first rise in four months, the US Commerce Department said yesterday. Retail sales posted a revised decline of 1.4 per cent in January, fell 1.8 per cent in December and were
      53 words
    • 35 1 THE COST of living for expatriates in Singapore rose by 9.5 per cent last December, but the rate of inflation for their out-of-pocket expenses was a lower 5.9 per cent Page 2
      35 words
    • 38 1 THE MALAYSIAN economy registered a robust 10.4 per cent growth in the first nine months of last year, outstripping the 8.8 per cent growth in GDP for the same period in 1989 Page 7
      38 words
    • 36 1 JAPAN will ask the US to convert into dollars by stages its yen-denominated contribution for the Gulf war effort, fearing a massive currency conversion will hurt the already sagging yen Page 8
      36 words
    • 38 1 SAUDI ARABIA is planning to reassert its dominance over the world oil market by increasing its production capacity over the next few years to a record level of 12 million barrels a day Page 10
      38 words
    • 20 1 STANDARDS for this year's Asian Advertising Awards in Hongkong did not measure up to last year's Page 15
      20 words
    • 27 1 AUSTRALIAN and New Zealand tourism offices in Singapore are intensifying efforts to sell their countries as the ideal tourist destination to Asians Page 15
      27 words
    • 23 1 MINE HUNTING and mine sweeping operations to clcar safe paths for shipping bound for Kuwait have started. Shipping Times Page 1
      23 words
  • MARKETS SUMMARY
    • 31 1 SHARE PRICES opened marginally higher on Wall Street yesterday with the Dow Jones index of leading industrials gaining 5.45 points to 2,927.97 in the first five minutes ot trading.
      31 words
    • 43 1 SHARES in London were slightly higher at midday yesterday, as two newly privatised power generating companies dominated activity in an otherwise lacklustre session. At about 1215 GMT, the Footsie 100-share index was up 2.9 points, or 0.1 per cent, at 2,457.7.
      43 words
    • 39 1 WING TAI Holdings has cancelled plans to buy three US garment distribution firms following a stock exchange rejection of its application to list 25 million new shares to partly pay for the purchase. Page 3
      39 words
    • 31 1 MAJOR shareholders of Gold Coin have confirmed that they are studying a proposal to sell their stakes in the company and acquire all existing businesses Page 3
      31 words
    • 27 1 THE STAGGERING losses incurred by Hongkongßank of Australia is the largest reported by any foreign bank operating in the country Page 5
      27 words
    • Article, Illustration
      29 1 Wednesday Change BT-MGA 734.30 +3.64 Kuala Lumpur ..592.99 -6.70 Hongkong 3,634.48 -23.59 Tokyo 26.418.32 -309.10 Sydney 1,433.5. +5.3 Tuesday Change New York 2,922.52 -16.84 London 2,454.8 -4.3
      29 words
    • 22 1 Exchange rates USS SS 1.7460 100 Yen SS 1.2791 MS SS0.6389 Money market rates Overnight 4 1/2 +3/4 3-month 4-5/8% +1/16
      22 words
    • 38 1 London Gold AM fix USS365.20 USS1.25 Rubber S'pore Apr 147.00*/kg unch M'sia Apr 229.00*/kg +0.50 KL Tin Turnover 51 tonnes -1 Spot MS 14.88 /kg unch Crude palm oil Turnover 644 lots 4-170 Mar MS857 /tonne -1
      38 words
  • 387 1  -  Thai market potential cited as reason: S'pore stays as regional HQ By Chuang Peck Ming PUBLICLY-LISTED Cerebos Pacific is shifting the manufacturing operation of its Brand's division, which includes the popular Brand's Essence of Chicken, to Thailand in a move that will see
    387 words
  • 497 1  -  Plans to seek listing for Zalik Securities By William Chia THE Malaysian Hong Leong group is planning to take a substantial stake in recentlylisted Ban Hin Lee Bank (BHL) and float its stockbroking arm on the Kuala Lumpur Stock Exchange (KLSE). Hong Leong
    497 words
  • 292 1  -  By S N Vasuki KEPPEL BANK is making a one-for-two rights issue to finance the expansion of its business and has appointed Benedict Kwek as president and chief executive officer. Mr Kwek, who is currently president and chief executive officer of Ascan
    292 words
  • 433 1  -  The Khamis Case By Amy Balan MARINA VILLAGE developer Elyamani Khamis remitted $250,000 to his Norwegian banker, Mrs Torild Aarnes, in early 1990. Mrs Aarnes, now held by Norwegian police, was formerly credit manager at Kreditkassen's Porsgrunn branch, which issued standby letters of
    433 words
  • 350 1  -  Yesterday in Parliament By Harish Mehta THE PRIVATE sector may get a chance to develop about 50 hectares of state-owned industrial land a year which is now almost monopolised by the Jurong Town Corporation. Deputy Prime Minister and Minister for Trade and
    350 words
  • 223 1  -  By Claire Leow THE PORT of Singapore Authority (PSA), which coordinates the mopping-up of oil spills, has developed a model which can forecast the behaviour of an oil spill. It can also trace possible culprits by running the sequence backwards to
    223 words
  • Page 1 Advertisements
    • 255 1 Cassette Receiver K1 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore Phone 235 133J Kuala lumper Phone /5/ 0233 Pman9 Phone *****5/*****4 Jakarta Phone 3/4 085;380 14/2 Aircraft Schedule 27 Money Changer Rates 27 Weattwr 27 Commodities 26 Money Market 25 World News 8,10 Cryptic Crossword 27 Regional Co News
      255 words
    • 37 1 Rodenstoch h>\ CD <?► JCtf I wo-tier foreign worker levy. Page 2 Hong Leong Industries, Hume six-month profits up by half, Pg 3 H 1, 11 1, m u .Adfake every second of 1 the season count. > a
      37 words
    • 3 1 Analysis, Pg 13
      3 words

  • HOME NEWS
    • 381 2  -  Ministry of Trade and Industry By Harish Mehta A SUGGESTION regarding a two-tier system for the foreign worker levy has won the support of Brigadier-General (Res) Lee Hsien Loong. The Deputy Prime Minister and Minister for Trade and Industry said
      381 words
    • 254 2 Ministry of National Development THE private sector may soon be roped in to design and build Housing Development Board flats to give public housing estates a fresh face. Mr S Dhanabalan, Minister for National Development, said the government wants to try out private
      254 words
    • 246 2 A NEW recreational spot, complete with natural hot springs, may soon be up for development in Sembawang if a study by the Urban Redevelopment Authority is favourable. This was disclosed by the Minister for National Development S Dhanabalan in response to a query
      246 words
    • 271 2 Yesterday In Parliament mo PRIME Minister Goh Chok Tong has rejected Non-Con-stituency MP Dr Lee Siew CholTs call for an electoral reform committee to study proportional representation in Singapore politics, warning that it would harm multi-ra-cial harmony. Mr Goh said that by adopting
      271 words
    • 384 2  -  Ministry of Defence By Dexter Lee THE defence and finance ministries are working out a preferential tax rate and a token in-camp training allowance for reservists, disclosed Dr Yeo Ning Hong. Dr Yeo. Second Minister for Defence, also told backbenchers that increased
      384 words
    • PARLIAMENT BRIEFS
      • 73 2 IT IS preferable for as many government agencies as possible to offer different kinds of incentives to help local companies, Mah Bow Tan, Minister of State, Communications and Trade Industry said. The minister was answering a question raised by Philip Tan (Paya Lebar). Mr Mah said that
        73 words
      • 79 2 THE glide system, which uses computers to link traffic signals at various junctions, is scheduled to be completed in about seven years. The Minister for National Development, S Dhanabalan, said that the glide system results in a green wave, "and not just a static green wave but
        79 words
      • 82 2 FROM May 2, half-hourly parking coupons will be introduced for all car parks, the Minister for National Development S Dhanabalan said. Drivers who are now paying for one hour even though they park for just 10 or 15 minutes will therefore have to pay only for half an
        82 words
      • 66 2 THE CTE tunnel will be completed by September. The Minister for National Development, S Dhanabalan, said that the PWD had considered various alternatives before building the CTE. It conducted a detailed study on the cost and benefits of building a tunnel as against alternatives, and the tunnel alternative
        66 words
    • 316 2  -  By Anna Teo THE COST of living for expatriates in Singapore went up by 9.5 per cent last December compared with a year ago. But the rate of inflation for their out-of-pocket expenses excluding housing, education, transport and health costs was a lower 5.9
      316 words
    • 218 2 SINGAPORE is becoming a more important place for Prime Computers of Massachusetts. Already home to Prime's South Asia headquarters, the Republic will now also play host to the company's first systems integration business unit in Asia. Michael Foerster, president of the Munich-based international business
      218 words
    • NEWS ROUNDUP
      • 72 2 SINGAPORE and France are strengthening and intensifying their trade and port relations through a new teleport link between the Port of Singapore Authority and the French port of Le Havre. The electronic data interchange (EDI) link was inaugurated last month. Information to be shared between the two
        72 words
      • 71 2 HEART disease remains a major killer in Singapore, and a symposium will be held tomorrow to discuss the rehabilitation of heart attack patients. The main focus will be on cost-effec-tive developments in the management of coronary artery disease. Opening the symposium will be Dr Aline Wong,
        71 words
      • 71 2 IN our story "Business as usual at Marina Village" carried in the March 8 issue of BT, it was reported that Elyamani Khamis was seen at his Khameleon Club in Marina Village on Sunday, March 3, with model Bonny Hicks. Ms Hicks has since written in to
        71 words
  • Page 2 Advertisements
    • 128 2 Ht~| Durham n 1 University |f| PA Founded in 1832, Durham is the third oldest University in England with a rich tradition as a centre of scholarship and research. It has maintained its leading role among British Universities through its unswerving dedication to the pursuitof excellence in all fields. Durham
      128 words
    • 407 2 SYSTEMS EDUCATION CENTRE (1983) PTE LTD presents About the Instructor... This seminar wil cover topics on planning, control. The aamlna/s in conducted by This is a 2-day class targeted to non-IS people tracking, etc. and emphasizes the definite role of Or Claude W BurritL Or BurrUl (specificaly middle and senior
      407 words

  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 337 3  -  By Elaine Koh WING TAI Holdings has scrapped plans to acquire three United States garment distribution companies after the Stock Exchange of Singapore rejected its application to list 25 million new shares to partly pay for the purchase. This was announced
      337 words
    • 305 3  -  By Selva Kumar THE HAI SUN HUP Group will be establishing yet another joint venture with Japanese company, Mitsui to provide ship management services. The 50-50 tie-up will be between M O Ship Management Company Ltd (MOSM), a subsidiary of Mitsui
      305 words
    • 270 3 SESDAQ-LISTED Superior Metal Printing (SMP), which yesterday released its first full-year results since its public listing last September, has recorded a group post-tax profit of $2.05 million. This 24 per cent gain from 1989's results of $1.66 million is due to the higher earnings
      270 words
    • 333 3 Bernama HAW PAR International may lose its hold on Setron Malaysia if managing director Haji Abdul Murad Ahmad boosts his shareholding to 32.9 per cent as he yesterday declared he would do. Haw Par is currently the largest shareholder in Setron, with
      Bernama  -  333 words
    • 576 3  -  THE HOCK LOCK SIEW COLUMN By Han Shih IT LOOKS like a dim end to a shining career: Oei Hong Leong, who in the past decade almost single-handedly transformed United Industrial Corporation (UIC) from a stodgy detergent maker to a much-vaunted asset trader, spent
      576 words
    • 336 3  -  By 1 William Chia AFTER two weeks of suspension. the substantial shareholders of feedmill group Gold Coin have said in a brief statement that they arc considering a proposal to sell their stakes in the company and buy over its existing business.
      336 words
    • 383 3 HONG Leong Industries Bhd (HLI) and Hume Industries (Malaysia) Bhd, two of the listed flagships of the Malaysian Hong Leong group, have increased their profits by about half in the six months ended Dec 31, 1990. HLl's group profit after tax
      383 words
    • COMPANY BRIEFS
      • 179 3 AMALGAMATED Steel Mills Bhd has proposed to team up with United Teochew Bhd to develop a pieee of land in Kuala Lumpur belonging to the Selangor and Kuala Lumpur Teochew Association. ASM and United Teochew will take up stakes of 80 per cent
        179 words
      • 74 3 METROJAYA Bhd has entered into an agreement with Shaw Brothers (Penang) Sdn Bhd to acquire three lots of land in Georgetown, Penang, covering 22,373 sq ft for M 57.16 million or Ms32o per sq ft. These lots were acquired because they were adjacent to a piece of
        74 words
      • 57 3 LIEN HOE Corporation Bhd's proposed special bumiputra issue of 44 million Msl shares at par and the proposed employees' share option scheme have been approved by the Foreign Investment Committee. Its advisers. Commerce International Merchant Bankers Bhd, said the two proposals are now subject to
        57 words
      • 21 3 THE British-American Tobacco Company (Singapore) Ltd appointed Lim Ho Hup as a non-executive director with effect from Tuesday.
        21 words
      • 41 3 KIAN JOO Can Factory Bhd. whose proposed four-for-five bonus issue in July 1990 was revised to one-for-two by the Capital Issues Committee on Feb 20, 1991, will hold an EGM on April 4 concerning the proposal.
        41 words
  • Page 3 Advertisements

  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 141 4 AN INDONESIAN private company, Sinar Mas Group, has signed a joint-venture agreement with the Lucky Goldstar Group of South Korea to establish a PVC pipe plant in West Java. Eka Tjipta Wijaya. chairman of Sinar Mas, said at the signing on Monday that
        141 words
      • 92 4 THE AUSTRALIAN government plans to sell a total 49 per cent of ASTA Aircraft Services Pty Ltd, wholly-owned by the government's AeroSpace Technologies of Australia Pty Ltd, a spokesman said. Andre Van Der Zwan, public affairs manager of AeroSpace Technologies, said the government sold
        92 words
      • 112 4 THE STATE-CONTROLLED Netherlands Development Finance Co plans to raise its investments and loans to the Philippines by US$lO million (S$ 117.5 million) this year, its managing director said yesterday. Loed Nenncs told reporters after calling on President Corazon Aquino that the amount would be
        112 words
      • 97 4 UNOCAL Thailand has denied it had agreed to pay the Petroleum Authority of Thailand 100 million baht (556.86 million) in an out-of-court settlement for allegedly supplying it with natural gas contaminated with mercury, the Bangkok Post reported. Vice-president Paramaporn Krairiksh said a weekend report of the payout
        97 words
      • 68 4 THE US-BASED Prakrit and FCB advertising agency has formed a joint-venture with Direct Force Co of Hongkong to provide direct marketing services for an increasing number of clients, The Nation reported. Prakrit FCB, one of the top 10 ad agencies in Thailand, will hold 49 per cent
        68 words
    • 451 4 Reuter JARDINE MATHESON, the doyen of Hongkong's blue chip trading houses, which a decade ago was struggling to fend off corporate raiders, is tipped to report a solid 1990 profit growth of between 17 and 25 per cent next Wednesday. Forecasters expect
      Reuter  -  451 words
    • 507 4  -  From Al 0 Labita in MANILA A SINGAPORE-BASED multinational company is seeking access to Manila's debt-to-equity conversion scheme to help raise funds for its proposed power project in the Philippines. The firm, IPCO Marine Pte Ltd, is one of the two foreign bidders of the
      507 words
    • 208 4 AFP TWO BRITISH firms have formed a consortium with Philippine partners for an oil exploration project in the western Philippines expected to be launched this month, one of the Philippine partners said on Tuesday. kirkland Resources pic, which will operate the drillship, and Nimex
      AFP  -  208 words
    • 287 4 THE RECEIVER of a major stake in Lucky Man Properties, Mr Raymond Hughes, has been directed by the court to adjourn the extraordinary general meeting called by him to remove the existing directors. The South China Morning Post reported that Mr Justice
      287 words
  • Page 4 Advertisements
    • 98 4 IN THE SMALLEST SIZE. g g The new Twinhead Supernote 386 SX. The only notebook with a built-in 40MB hard disk drive and a 4MB RAM memory. Only 3 kg. 0 wait state, 16 MHz CPU. VGA Graphics with 32 Ills grey tones. Password security The only one with 5-year
      98 words

  • INTERNATIONAL COMPANY NEWS
    • 323 5  -  Mount Film to receive funds from Media International From Christopher Reed in LOS ANGELES DESPITE continuing speculation on the soundness of Japanese film business ventures in Hollywood, a Tokyo consortium has entered into a multi-million dollar partnership with Los Angeles movie producer Tom Mount. His Mount Film
      323 words
    • 605 5 UPI BRITISH publishing tycoon Robert Maxwell reached tentative agreements on Tuesday with all nine striking Daily News unions and predicted that his purchase of the newspaper will be completed "in a matter of days rather than weeks". "New York is in danger of having the
      UPI  -  605 words
    • 280 5 Agencies IN ITS latest move to counter sluggish sales and answer a growing chorus ol criticism of its food. McDonald's plans to introduce a hamburger that is lower in fat. The new hamburger would be the first such product to be available nationwide
      Agencies  -  280 words
    • COMPANY BRIEFS
      • 84 5 SKET Maschincn-und Anlagcnbau AG, former communist East Germany's biggest industrial plant maker, said it had signed a 96 million mark (S$ 106.5 million) deal to deliver machinery to the Soviet Union. SKET spokesman Manfred Wrana said the machinery would be used for conveyor
        84 words
      • 94 5 COCA-COLA Co said the first "recycled" plastic soft drink bottles, made from plastic produced by Hocchst AG from a blend of 25 per cent recycled plastic resin and 75 per cent new resin, have been introduced in Charlotte, North Carolina, in a market test. The company
        94 words
      • 149 5 A US FEDERAL judge on Tuesday cleared the way for the US government to sign an estimated US$l.2 billion (SS2.I billion) settlement of legal claims over the Exxon Valdez oil spill. US district Judge Stanley Sporkin said he would lift an order barring the federal
        149 words
      • 125 5 FRENCH LUXURY goods firm LVMH, the world's leading champagne seller, said on Tuesday it plans to sell a champagne brand it bought just three months ago. LVMH Moet Hcnnessy Louis Vuitton SA confirmed widespread speculation that it is set to sell its Lanson champagne brand
        125 words
      • 70 5 MICROSOFT Corp. the largest supplier of software for personal computers, is the target of a federal investigation into its competitive practices, the company said on Tuesday. Microsoft is complying with requests made as part of a non-public Federal Trade Commission investigation, the company said in a news
        70 words
  • Page 5 Advertisements

  • FINANCIAL NEWS
    • SMALL CHANGE
      • 126 6 THE WARSAW stock market is to start operating on April 16 for the first time since before World War 11, Polish officials said on Tuesday. The opening of the stock market is considered a key element in Poland's transition to a market economy.
        126 words
      • 75 6 THE MERGER of two Japanese banks, Kyowa Bank Ltd and Saitama Bank Ltd, was cleared on Tuesday by European Community competition officials under new EC merger regulations. The banks are strong in the Japanese retail banking market, and conduct wholesale banking activities in EC countries Britain,
        75 words
      • 75 6 FRENCH financial conglomerate Cie Financiere de Suez must undertake divestments for a total of about US$l billion (SS 1.74 billion) to restore a margin for manoeuvre in the current recession, chairman Gerard Worms told reporters late on Monday. Mr Worms, who was quoted by the national
        75 words
      • 40 6 BANKS in Austria as elsewhere were hit by bad loans and falling stockmarkets in 1990, but raised earnings on current business, bank analysts said. Austria's major banks have mostly promised dividends will be unchanged.
        40 words
      • 29 6 STANDARD and Poor's cut the credit rating of the world's largest bank for the first time as worries rise the long-term profitability of Japanese banks.
        29 words
    • 551 6  -  Debt provisions double loss to more than As2oom From Geoffrey Harris in MELBOURNE THE HUGE LOSS disclosed by Hongkongßank of Australia this week is the largest reported by any foreign bank operating in the country. Ballooning provisions for bad and doubtful debts the legacy of
      551 words
    • 399 6  -  By Quak Hiang Whai IN SPITE of the Gulf crisis, the Singapore branch of National Bank of Kuwait has turned in a pre-tax profit of $5.3 million last year. R J McKegney, general manager of the Singapore branch, said the Kuwaiti
      399 words
    • 328 6 AFP JAPAN'S Tokai Bank Ltd said on Tuesday it had agreed to acquire a reportedly troubled credit association for an undisclosed sum. boosting its presence in Tokyo and marking a new merger in the finance sector. The Nagoya-based bank, ranked seventh among the country's so-called
      AFP  -  328 words
    • 139 6 Reuter US HOUSE of Representatives rejected legislation providing US$3O billion (5552.5 billion) in extra funding for the savings and loan industry cleanup. Ihe funding Bill died after a bitter dispute over controversial reforms proposed by key Democrats, who wanted to load the Bill
      Reuter  -  139 words
    • 269 6 Reuter INDONESIAN Finance Minister Johannes Sumarlin said interest rates on time deposits, which recently soared as the government squeezed the money market to combat devaluation speculation, would gradually drop. "I am sure interest rates, which had risen too high, will fall back slowly,"
      Reuter  -  269 words
    • 374 6 UPI THE SOVIET UNION will soon have a central bank system inspired by Germany's Bundesbank, and the ruble should begin trading on a for-eign-exchange market in Moscow by the end of this month, according to senior Soviet banking officials. "There
      UPI  -  374 words
  • Page 6 Advertisements
    • 262 6 Free advice and assistance from Singapore's first Insurance Information Centre In line with its gkx today insured with philosophy of service NTUC INCOME, Singaand insurance for all, ffjj pore's only insurance NTUC INCOME has co-operative. set up an Insurance j| INCOME'S Insurance Information Centre, j| Information Centre is Singapore's first,
      262 words
    • 87 6 Our client in Penang intends to build modern freehold industrial buildings with office space in modules of 10.000 sq ft built-up area The site is within a new township of 60,000 population in Ayer Itam. For further *****84 WPffcl 11 Collyer Quay #13-01 The Arcade Singapore 0104 5 READY FACTORY
      87 words
  • Page 6 Miscellaneous

  • THE REGION
    • 447 7 Strong performance in all sectors except agriculture MBT THE MALAYSIAN economy registered a robust 10.4 per cent growth in the first nine months of last year, outstripping the 8.8 per cent growth in GDP for the same period of 1989,
      MBT  -  447 words
    • 585 7  -  From James Shyong in KUALA LUMPUR AN INCREASING number of companies have entered the business of providing purposely-built industrial parks or estates in Malaysia at a cost of more than Msl billion (Ss64o million) over the past year or so. The areas of focus
      585 words
    • 292 7  -  By David Chew THE Johor State Economic Development Corporation (JSEDC) has no plans to convert any of its 68,000 ha of agricultural land for use by industry, its chief executive Datuk Mohd Ali Hashim said recently. Several large plantation companies recently sold some of their agricultural
      292 words
    • 365 7 Mida receiving many enquiries MBT FACED with rising labour costs and declining productivity in the workforce, many Australian manufacturing companies are keen to relocate their operations to Malaysia. Malaysian Industrial Development Authority (Mida) director of the Sydney office, Mr Abdol Rahman Moharam said his office has
      MBT  -  365 words
    • 352 7 THE NATDNAL Economic and Socid Development Board (NFiDB) of Thailand will urge is government to liberalise tie import of construction .nd raw materials for local jroduction to boost demand in the country's economy *hen the planning agency mets the new Council of Ecoiomic Ministers
      352 words
    • NOTE BOOK
      • 65 7 THAILAND and Laos have agreed to demilitarise their common border with the first redeployment of troops away from the border areas begining on Wednesday. Thai army chief General Suchinda Kraypravoon said on Tuesday. Gen Suchinda is the deputy chairman of the National Peace-keeping Assembly (NPA). the official
        65 words
      • 70 7 INTERNATIONAL anti-smoking campaigns are having a serious impact on Indonesia's tobacco growers, officials said on Tuesday. Data given by tobacco businessmen showed that products by the country's tobacco farmers in the east Java town of Jcmber has decreased from year to year. The officials said Jember
        70 words
      • 88 7 CHINA said on Tuesday Hongkong must stay a low-tax haven with comfortable financial reserves after 1997 when the British colony reverts to Chinese rule. The opposite scenario would prove "harmful to Hongkong's prosperity and hurt Hongkong's status as an international money hub," said Lu
        88 words
      • 80 7 PHNOM PENH government troops are poised for a large-scale offensive against guerrilla positions in northwestern Cambodia, Thai army and resistance sources said on Tuesday. The Phnom Penh army has since earlier this month reinforced its garrison in Svay Chek, a strategic hamlet on Highway 69,
        80 words
  • Page 7 Advertisements

  • THE GULF AFTER THE WAR
    • 432 8 US urged to convert war contribution into dollars in stages NYT JAPAN will ask the US to convcrt into dollars by stages its yen-denominated contribution for the Gulf war effort, fearing a massive currency conversion will hurt the already sagging yen, said Japanese monetary officials
      NYT  -  432 words
    • 35 8 A worker sorting out bags of US rice to be sent as aid to Iraq by the Red Cross, which has sent 662 tonnes of food and medicine so far.
      35 words
    • 832 8 NYT AS A RFSIJLT of the war in the Gulf and its aftermath, the US is likely to borrow far less from abroad this year than last. Many forecasters expect the deficit in the current account to shrink sharply this year. "We'll
      NYT  -  832 words
  • Page 8 Advertisements
    • 130 8 A lis M^m ■r\ A E| Megadoc. From Philips. A breakthrough in information storage significantly. Thanks to our pioneering expertise in optical J™ 1 mm ->§ and retrieval systems whereby just one 5Va" disc can now technology and installed base worldwide. Philips can provide I dmsion ,4. ,A. LORONG 1.
      130 words

  • Page 9 Advertisements
    • 33 9 S:-:£: I jjl |||j||l| ppp II I I SWISS MADE SINCE 1860. jj TAG-Heuer and Formula 1 World Champion Constructors J McLaren International are part of the TAG Group. Mil T >x B
      33 words

  • THE WORLD
    • WORLD WATCH
      • 104 10 I HE SOVIET UNION will probably change its name to the Federation of Sovereign States, says an aide to Soviet President Mikhail Gorbachev. The Union of Soviet Socialist Republics must change its name because many ol its 15 republics had dropped the words "Soviet"
        104 words
      • 87 10 MACHINE BUILDERS in Russia's industrial heartland have threatened to join coal miners in strikes unless they arc compensated for upcoming price increases on consumer goods. The official Tass news agency said on Tuesday that the Union of Machine Builders, which supplies heavy equipment to coal
        87 words
      • 71 10 SOUTH KOREA will extend a soft loan of 10.37 billion won (5525.2 million) to Sri Lanka for road repair, officials in Seoul said yesterday. The chairman of the Export-Import Bank of Korea, Hong Jae-Hyung, and Sri Lankan ambassador Karunasena Kodithuwakku signed the loan agreement
        71 words
      • 81 10 BRITAIN'S opposition Labour Party moved ahead of the governing Conservatives in a poll published in the Guardian daily yesterday. The one-point Labour lead, established in the recent poll, is the first time the party has been ahead of the Conservatives in the polls since John
        81 words
      • 86 10 BELGIUM'S diamond business, the world's biggest, sparkled last year in spite of a jolt after the start of the Gulf crisis. "All in all, it was a pretty good year despite a slight change for the worse in the last quarter for reasons you all know,"
        86 words
      • 84 10 PERU'S Economy Minister, Carlos Bolona, has unveiled a government plan to introduce free market forces in the hopes of lifting the country out of the worst economic decline in its history. The measures, announced late on Monday, are aimed at stimulating production and boosting exports
        84 words
      • 113 10 TAIWAN will allow more indirect investment in China to help local manufacturers suffering from labour shortage or losing competitiveness at home. Vice Economic Minister Wang Chih-kang said in Taipei yesterday. Some 326 types of industry, including the manufacture of bicycles, zippers, metal products and sporting goods,
        113 words
    • 556 10 NYT US FARM TRADE officials ignored Japanese government protests yesterday and refused to remove rice samples from a food trade show in spite of warnings that the display is illegal. "We are taking it (Japan's demand to remove the rice on Tuesday) under
      NYT  -  556 words
    • 737 10 Kingdom opposes Opec's move for deep cuts in production NYT SAUDI ARABIA is planning to reassert its dominance over the world oil market by increasing its production capacity over the next few years to a record level of 12 million barrels a
      NYT  -  737 words
    • 464 10 Reuter A RAPIDLY deteriorating Soviet economy is wiping out most Western hopes for the country's rejuvenation as a viable business market and putting a freeze on investment plans. Soviet experts and banki crs in London said on Mon--1 day that just a year ago there
      Reuter  -  464 words
    • 312 10 Reuter THE AMERICAN trade deficit with the rest of the world in goods, services and tourism shrank last year to its lowest level in six years. As foreign sales picked up and earnings on overseas investments grew, the American current account deficit the
      Reuter  -  312 words
    • 246 10 Reuter THE SOVIET UNION has told the Gatt council that it is determined to pursue its transition to a market economy. taking into account the 101 -member trade forum's rules governing world commerce. In Geneva on Tuesday, a senior Soviet Foreign Ministry
      Reuter  -  246 words
    • 267 10 FT THE GERMAN government is likely to accept large debt write-downs in forthcoming talks with the Soviet Union over repayments of billions of dcutschcmarks of transferable roubles owed to Bonn under now-abandoned East Bloc trading arrangements. As part of German reunification. Bonn has taken
      FT  -  267 words
    • 440 10 AP THE GERMAN government has altered its policy on property claims in former East Germany, saying returning it to the original owners cannot occur at the expense of the region's already disastrous economy. The move comes amid growing despair in eastern
      AP  -  440 words

  • Page 11 Advertisements
    • 47 11 On Monday March 18th everyone will be able to create their own computer applications visually. Join us for a major technology breakthrough. Call Jane on *****88 for your invitation to the unveiling or for more information. BORLAND 92 Tanjong Pagar Road, Singapore 0208 Tel: *****88 Fax: *****52
      47 words

  • 493 12 EDITORIAL IN HIS 45-minute wrap-up of the debate on his Budget Statement. Finance Minister Richard Hu budged not one iota. This too after 27 MPs had sought, admittedly sometimes with more rhetoric than logic, to change his mind on specifics as well as on basic policy. The
    493 words
  • WHAT THE OTHERS SAY
    • 235 12 THE five permanent members of the United Nations Security Council came up with a document last August that was hailed as a breakthrough in the civil war that had torn Cambodia apart. But since then, a hardline section in the Phnom Penh leadership has been asserting itself.
      235 words
    • 139 12 THE Soviet Union continues to suffer from the throes of its reform programme. This is cause for serious concern throughout the world. Unless the growing tensions within the country can be reduced through talks and a display of common sense to reach an amicable settlement between the
      139 words
    • 127 12 ALTHOUGH the unrest in Iraq today has an element of anti-tyranny, the organised rebellion really comes from different religious and racial factions which have connections with outside powers. Iraq is likely to be cither torn apart by civil war, like Lebanon, or have its territory parcelled out
      127 words
  • REGIONAL VIEWPOINTS
    • 168 12 SOVIET citizens will next Sunday be asked to vote on the future of their country in an unprecedented referendum that could turn out to be a national fiasco. Six of the country's 15 republics have already said they will not participate in a vote that the
      168 words
    • 163 12 THE rupture last month of a heat-transfer tube in the steam generator of the No 2 unit at Kansai Hlectric Power's Mihama Nuclear Power Plant might have led to a serious nuclear accident, hut there have been several precedents in the United States. If the eyes
      163 words
    • 155 12 THE Klong Toey fire on March 2 killed three people and is threatening to cause miscarriages in several pregnant women who live near the scene of the fire in the Bangkok port. This was the third chemical fire in 20 months at the port. Poor management
      155 words
  • 965 12  -  The victory of the Bangladesh Nationalist Party in last week's national elections promises hope for the nation and the business community, says Salil Tripathi Salil Tripathi Bangladesh's unfortunate history of coups and cyclones is hardly a rccipe for optimism. But the victory last
    965 words
  • Page 12 Advertisements
    • 109 12 I v/# .^>-t. V. rj, -TV ->-1. $R i|... '-i 1 i&lr} j' 'W r 4-*^|c^- -fr. > f«& y V'^F*-7TF-' '•>■' -IF7 ..V- v ;?'V -Vi-i i' v *''l KLM's worldwide network. Stretching acro>> continents. linking more than 140 destinations in 77 countries, with still more to come. With
      109 words
  • Page 12 Miscellaneous
    • 62 12 DOONESBURY BY GARRY TRUDEAU tT&UOwHu CIUB SCUP' Iy t£TME.JUST/WHOUPKOUP 1 ,'ZnTg 1 I HOST ANP FORMER WZARfOFAIIOFW VOU'Rt its SIR ARB *XJ KKMNG 7 I DBF ll I U5. PROCONSUL TDPANANIA. A MA6NIFIC&JT BUNCH OF WAR WHfPWU THE C-OUNTRY^ I vntJ Mi RAn I BEHINPME WUR BAR&/RL RJORS! I CAN
      62 words

  • ANALYSIS
    • 955 13  -  Not so long ago, Japanese steelmakers were the bad guys who knocked the American industry out of shape. Sharon Cohen savs the picture today is different. Sharon Cohen AP THF.Y are competitors turned confidantes: two corporate giants, one American, one Japanese, who
      AP  -  955 words
    • 1365 13  -  Speed is essential in containing an oil spill. With this in mind, the Port of Singapore Authority has developed a computer model that not only predicts the behaviour of oil slicks, but also traces ships that illegally pump oil into the sea. Claire Leow
      1,365 words
  • Page 13 Advertisements
    • 59 13 ELEPHONE: 730-5937/5902/5912 FAX: 73 I SKIIU« CIISII I AIIS offers RECRUITMENT: Executives Management Technical Engineers. Draftsmen Sales/Marketing Supervisory TEMPORARY STAFFING Engineering Drafting/Design Trainers/Instructors Office Clerical Computer Personnel HUMAN RESOURCE MANAGEMENT Development Behavioral Change Customer Service Strategic Planning YOUR COMPLETE PERSONNEL NEEDS SERVICE LICENSED BY MOl. MEMBER OE ASSOCIATION OF EMPLOYMENT
      59 words

  • SPORTS
    • 394 14 Reuter DONOVAN "Razor" Ruddock is supposed to be Mike Tyson's toughest test since he lost the world heavyweight championship 13 months ago but Tyson himself does not expect much of a challenge in their bout in L as Vegas next Monday. "I'm not
      Reuter  -  394 words
    • 237 14  -  By Cassandra How CITIBANK is going to spend more towards developing an event that the public can identify it with. With events like the Epson Singapore Open Ciolf Championship giving the computer company greater visibility, the bank hopes to follow suit. It is increasing
      237 words
    • SIDE LINES
      • 120 14 SOUTH KOREA, which hosted the 1988 Summer Olympics, now has its eyes on the 2002 World Cup football linals. The Korea Football Association (KFA) decided at a board of directors meeting on Tuesday to seek to host the 2002 World Cup finals.
        120 words
      • 62 14 GERMAN Andreas Kappes won the third stage ol the ParisNice cycle race on Tuesday to compensate for the trustrations of the previous day. On Monday, Kappes and his team were steered three kms off course by their police outrider and finished the time trial
        62 words
      • 113 14 THE World Marathon Cup in London next month has attracted entries from more countries than any other athletics event ever held in Britain. The organisers said on Tuesday that Italy's Gelindo Bordin, the Olympic and European champion, and Portugal's Rosa Mota, the Olympic, world and European
        113 words
      • 75 14 TONY PICKARD, who has coached Stefan Edbcrg for the past seven years, has been named the new British l)a\is up captain. Pickard. 55. who also held the captaincy in 19" 7 and 1974, replaces Warren Jacques, who was fired last month. I he Englishman will
        75 words
    • 396 14 Reuter WORLD ice dance champion Marina Klimova said on Tuesday that she wept for four days and could not skate for nearly a month when she heard she had failed a drug test after the European championships in January. "I couldn't believe it.
      Reuter  -  396 words
    • 400 14 AP NICK FALDO is well aware that his standing as the world's premier golfer could be in jeopardy this week. Faldo. the Englishman who won both the Masters and British Open last year, has twice reached the No I position on a worldwide rating
      AP  -  400 words
    • 432 14 AP THE most expensive line-up in baseball costs U5529.608.333 (5550.334.166) this season, an increase of USSB million over last year's top-dollar batting order. The 38 per cent increase shows just how much salaries have soared in the past 12 months. While just one player made
      AP  -  432 words
  • Page 14 Advertisements
    • 132 14 fine ji CARPETS UNBEATABLE OFFER RARE OLD NEW <>1J) TRIBAL AUTHENTIC PERSIANS AEGHANS I I PERSIAN SHANGHAI SILK BOKHARA DESIGNS PERSIAN DESIGNS ■m I EjtW j y To find out just how little space our Minol T<> j»o into the long and slum »»t i 7 "i protruck* Iwond the
      132 words

  • ADVERTISING & MARKETING
    • 770 15  -  But lower standards this year at Asian Advertising Awards By Sangeeta Mulchand H ands up those who eagerly substituted "The Ball Partnership" for "Flash-in-the-Pan Agency" or "Too-Radical-to-be-Good." If awards are anything to go by, the agency on Tuesday night emerged as Asia's most
      770 words
    • 420 15  -  By Chitra Rajaram THE Australian and New Zealand tourism offices in Singapore are embarking on marketing programmes to sell their countries as the ideal tourist destination to Asians. The Australian Tourist Commission (ATC) is coming up vsith a 52.8-million promotion for Asia this
      420 words
    • 401 15 Neil French, vice-chairman and regional creative director. The Ball Partnership. Singapore: I'd like to pick out a couple of the near-winners for mention: Toshiba, for inventing the electric carpet a product which Marc tclt should be entered under "transport": the Philippines "we will smell
      401 words
    • 265 15  -  By Michelle Low THE PIZZA HUT account, worth 52.6 million, is up for grabs now that the fast-food chain has parted ways with its agency Ogilvy Mather (O&M) at end-January. Marketing Manager for Pizza Hut Singapore. Marc Leoi, said: "Given the different
      265 words
    • 37 15 A cleaning lady bending down to pick up an empty bottle in front of an advertising poster in London last Sunday. The poster, at an underground railway station, is for a chain of fashion shops.
      37 words
    • 342 15 NYT THE TEMPTATION in the US to wave the flag in ads seems nearly irresistible i now companies like General Motors Corp and Delta Air l ines Inc are already using patriotic themes but many agency excc- utives said in recent interviews that trying
      NYT  -  342 words
  • Page 15 Advertisements
    • 64 15 :a EP5400 takes up, use this advertisement. lis speed isjlsohardiobe.ii »<) sssss-- Minoltaissuchaioutfhaatocopv copies a minute While Sm»ul(.oloi II all 1° hnd (H| l woie. lets \on cop\ in black «.r colour or Minolta Singapore he) ltd 10. Tehan erase, in .*> sections with |iisi one scan (tarilens (rescent. 2J(><)
      64 words

  • Page 16 Advertisements
    • 175 16 WHERE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTEBTAIN WHEBE TO WINE, DINE A i HEA^MLY T FEAST SUMPTUOUS SICHUAN CUISINE. DELICATE YANGZHOU DIANXIN. RICH PIPING HOT STEAMBOAT. LUNCH: 11.30 AM TO 2.30 PM DINNER; 6.30 PM TO 10.30 PM KIN" S a mkmbkr k ci)| Mo|,|
      175 words
    • 290 16 FEAST YOUR EYES II *****1 l II ON THE >LUM'S tewels ***************1111 l OF THAILAND From Ist March 17th March five of the finest exponents of Thai Cuisine will masterfully prepare a plethora of appetising dishes. The buffet will be available for both lunch (12 noon 2.30 pm) and dinner
      290 words
    • 186 16 Now, you can enjoy a One for One offer during Happy Hours and gather your girlfriends for a night-out during the weekend, where its Ladies Nite every Friday o niAMv Plaza Hotel SBWAY {J H. JI l» *.«1 Wl»" <171-4 H 11 Feast on our Chef s Speciality ym f
      186 words
    • 347 16 jS**?*' we'll treat you like royal- March 1-21 I iSlr>i tv at our British Buffet. n N" f Hs& 1, ss\ i i Noon 2.30 pm With over 60 traditional <1 favourites, you'll be back Adult $36+ iV j for seconds, thirds... Child below 10 SlB++ MV serve the world
      347 words
  • Page 16 Miscellaneous
    • 732 16 TELEVISION AND RADIO ToilVinilCA Wll AC sactt business oh radio J dliliuust UIUC3 7.00 mmummu.). j-f JST- Z£! ZZmT" 89 1;f h v s!L!r' 11 t« 5St? W Financial News i>*l i L'J L*l 8.00 Globe TV to i 4nn M I. Workl episode). Show 7.00 Cable News Network. RADIO
      732 words

  • LIFESTYLE
    • 852 17  -  One Irishman, one Briton, a Frenchman and two Americans. Bob Thomas wonders who will walk away with the Oscar for Best Actor at this year's Aeademy Awards Bob Thomas AP FROM Joan Crawford to Don Ameche, the Academy of Motion Picture Arts and Sciences has
      AP  -  852 words
    • 611 17  -  We all have our dream castles. Now. with a healthy bank balance, a fair dose of enthusiasm and lots ofpatience. you can actually convert your dream into reality. Charlotte Cooper reports Charlotte Cooper Reuter Looking for your perfect home? Ever thought of turning a ruin into
      Reuter  -  611 words
    • 314 17 CHATTERBOX SIMON SCHUSTER plans to publish 50().(XX) copies of The Commanders by Bob \\»M>dward in May. but the book is not even mentioned in the publisher's spring catalogue. It was also not ofl'ered to the b<x>k clubs because no one outside the publishing house
      314 words
    • 320 17 AP THE US Federal Trade Commission says that Perrier. the French mineral water popular with American yuppies, is not as natural as its bottlers claim. Perricr's latest problem comes just a year after the company was forced to recall millions of bottles of
      AP  -  320 words
  • Page 17 Advertisements
    • 324 17 AND ENTERTAIN The Happiest Hours In Town. jfcS&jfi 1,11 ks %-r^—» I i,\M i.. wi Happy Hours at Iho lountain Lounge means enjoying a complimentary drink with every one you order. Plus, 25% otf bottle purchases. I here's great live music too. AV ANA HOTEL lh NASSIM I 111 I.
      324 words
    • 80 17 <7 TRADITIONAL i CANTONESE CUISINE H BEST HONG KONG c DIAN XIN IN TOWN China China Restaurant A Marina Bay Golf Country Club L J2 6 Marina Green Singapore oioi. for Reservations Please Call ***** U. Ihe freshest, liveliest seafood place in town. i \ou II have to go a
      80 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4749 18  -  By Genevieve Cua BUCKING the downward trend on overseas bourses, the key Straits Times Industrials Index finished stronger yesterday, despite the dampening effect of UICs dismal results. Analysts said that the key factor weighing down sentiment was UIC, which came under heavy profit-taking
      4,749 words

  • 4349 19 Main Board OUB nhi *-35 '6 2% SI A 1290 *0 t 2 4% DBS list) 30 •:♦>% Nat St eel «80 V» V5% SPC horeign 390 t U» 8.3% CiE l ife I4 7 0 20 I 4% S Aerospace I 271 1 7
    4,349 words

  • BT SHARE INFORMATION SERVICE
    • 104 20 Company Date Year Group Net Net earnings Gross ann to profit/loss (I) per share dividend ('000) (cents) Van der Horst Mar 12 Sep 90 $2,451(J1 902) 4 2(3 3) H G Securities Mar 11 Dec 90 $1,691 .$1,102) 3 1(2 0) Jt' S> Avimo Feb 27 Sep 90
      104 words
    • 346 20 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Prima Mar 12 Dec 90 $27 506($27.739) 69 9(66 2) 31k(25) Soore Land Mar 12 Dec 90 $66 025h($28.255) 12 6(6 4a) 14.(7 5a) UIC Mar 12 Dec 90 $10.170($18,535) -(1
      346 words
    • 285 20 Company Date Half-year Croup pre-tax Interim ann to profit/loss (L) dividend (000) Rothmans Ind Mar 6 Dec 90 $32.507($26.416) 22 5(15) H Leong Credit Mar 4 Oec 90 M$19.470($13,348) 3(1 8a) Cons Plant Mar 2 Dec 90 MJ40 600(S56.600 > 8(9 2) OMIB Bhd Mar 2 Dec 90
      285 words
    • 636 20 CK Tang has agreed in principle to buy one third ot the retail podium space tor Msl3o (SsB3m) in the proposed Star Hill Crescent complex in Kuala Lumpur Lion Group sold its proposed five star 30 storey hotel in lalan Ampang. Kuala I umpur to iapan Airlines Co
      636 words
    • 607 20 Current Ex Books Date Total lor Total lor payment date dose payable the year last year A scan Find US$010(b) Mar 18 Mar 28 Apr 8 USJO10 Awmo 5%TE feb 25 Mar 7 M3y 15 12.5%TE 25%Tt BAT 1048% Apr 15 Apr 26 May 10 1524% 100% Beriaya
      607 words
    • 811 20 Main Board U*t Yw Cannn* Penod Oat« Year Net EPS Gross Net inmittd endn( (cents) 4* profit list re* (WOO) CI6 Padupu >ntenm Nov 13 Dec 90 29 7 132 11.616(e) BMT interim Jan 10 Jun 91 254 2 1500 773 Fmal Feb 16 Dec 90 1-7*61. taohjn
      811 words
    • 226 20 Company Rights Issue M Lwng CrcdM Two for five to. MS2 00 per share E>-date Feb 21 Books dose Mar 1 Acceptance Payment Apr 19 IKl Industnn One Koala Lumpur Industries HUgs Bnd share of M$1 each for seven KLI shares of 50 sen each Rights issue of
      226 words
    • 813 20 BONDS, LOANS WARRANTS Company C—msiow ptrtod Cumdow term If oratory *mm CiC Wt Before 26/4/93 1 wanant ptus $3 09 cash Cjuseway loan Causeway Ml 2/10/89 to 20 10 94 1 warrant plus $0 77 cash or 1 warrant plus $0/7 nominal amount ol loan stock Chuan Notes Chuan **>
      813 words
    • 81 20 Avimo Singapore Ltd: 17th AGM at Valley Room, Shangri-La Hotel. 22 Orange Grove Road. Singapore 1025 on Monday. Mar 18. at 12 noon Sports Toto Hotfnjs Bhd: EGM at the Banquet Room. Ketab Darul Ehsan, Taman Tun Abdul Razak. ***** Ampang Jaya. Selangor Darul Ehsan on Tuesday. Mar
      81 words
    • 235 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 Mi 130/ 07 7/3/91) 1991 *****7 (7/3/91) S to? 1022 52 (16/1/91) 1991 km 1149 08 (16/1/91) 1990 Mv *****3 1990 hifh: 1607 12 (27/3/90) 1990 low 981 07 (09/11/90) 1990 low: 1079 50 (11/10 90) 1989 Mi 1322 00
      235 words
    • 307 20 Company Rights Issue JOcom One-tor two to. ¥$1 00 share issue of 40m CumiiaNe Redeemable Preference Shafts ot MJ310 each at MJ1 pet share wtth 10m detachable ISR BoKo' One-for four MS? 00 per share George Kent One tor two <«. MSI 50 per shaft M le«* tnd
      307 words
  • Page 20 Advertisements
    • 102 20 NEWS TRAVELS k Ssj^S^:r£i^;'^^s^'^ r 1&' -HHt MR |t k MA|PBr i'*^^l ALL ADVERTISING MESSAGES arc effective. To varying degrees. In Singapore, when you want to reach out to a select target audience in the transport industry only one daily offers you the advantage ot maximum reach at minimum costs.
      102 words


  • TOKYO STOCK EXCHANGE
    • 2265 22 Reuter TOKYO stocks yesterday ended a five-day winning streak after investors took Wall Street's Tuesday drop as a signal to adjust speed. Traders said a lack of incentives and wariness over the dollar/yen rate, the US economy, and prospects of lower interest rates
      Reuter  -  2,265 words
  • STOCK EXCHANGE OF HONGKONG
    • 2304 22 UPI Reuter HONGKONG shares yesterday drifted lower in narrow, sluggish trading with little news to dri\c the market one way or the other. The benchmark Hang Seng Index, which shed 10.96 points on Tuesday, continued to slide with a drop of 23.59 points
      UPI; Reuter  -  2,304 words
  • Page 22 Advertisements

  • REGIONAL STOCK MARKETS
    • Aussie shares close at year's high
      • 967 23 INVESTORS yesterday shrugged oft disappointing company profit results to push the Australian sharemarket to a high for the year. After trading lower tor most of the day, the All Ordinaries Index scored its tourth straight daily gain with a 5.3-point rise to close at 1.433.5. I his is the
        967 words
      • 935 23 THAI stocks closed slightly higher yesterday as buyers sought bargains after five days of cautious trading. The SET Index closed 6.72 up at 861.05 points. Turnover stood at 73.463 million shares valued at 6.153 billion baht. The market dipped on profit-taking early but rebounded at mid-session on bargain hunting.
        935 words
      • 561 23 IN MANILA, investor bullishness and good fundamentals yesterday kept share prices higher despite lower closing prices in overseas markets. The Manila Stock Exchange Composite Index firmed 5.84 points to close at 1.026.45. Brokers said trading was active from start to finish, in apparent disregard of the drop in Japan's
        561 words
      • 248 23 A 17-POINT fall on Wall Street and the follow-on effect of Tuesday's news of a burgeoning 1990/91 New Zealand budget deficit combined to take shares lower in moderate trade. Five-year government bond yields were off a few basis points but still relatively high at 11.57 per cent "There
        248 words
      • 394 23 TAIPEI share prices finished lower yesterday as investors started selling in the last trading hour, but dealers said there was also buying interest at the market's low. The Weighted Index lost 140.85 points (2.9 per eent) to close at 4,734.94 compared with Tuesday's 4,875.79 finish. Turnover was a strong
        394 words
      • 601 23 JAKARTA stock prices closed mixed yesterday, with the official index edging up 1.69 points to 398.78. Turnover fell sharply. Brokers said local investors were active on the market, boosting leading stocks such as Indah Kiat and Semen Cibinong. "The market looks good. Prices seem to be in upward trend,"
        601 words
      • 773 23 IN SEOUL, share prices slid in light trading yesterday, pulled back by profittaking and lack of investor enthusiasm. The Composite Stock Price Index of the exchange lost 4.62 points to finish at 679.21. Declines led advances 392 to 235 among the 789 issues traded. Volume stood at 13.824 million
        773 words
      • 61 23 BOMBAY share prices on Tuesday ended mixed in dull trading as state-owned investment houses moved to the sidelines after supporting the market for two weeks. The Bombay Stock Exchange Index fell 8.82 points to 1,165.90. The National Index lost 3.14 to 585.89. A broker said it was the institutions
        61 words
      • 509 23 (kiw huhPUl March 13 SYDNEY All Ordinaries Index 1.433.5 1.428.2 5. All Industrials Index 2.206 5 2.201 7 *4 8 All Resources Index 840.7 835.5 *5.2 Turnover (million) 77 43 81.78 -4 35 BANGKOK SfcT Index 8ftI 05 854.33 f 6.72 Turnover (million baht) 6.153 7.200 -1.047 JAKARTA Composite Index
        509 words

  • WORLD STOCK MARKETS
    • High-tech stocks pull down US market
      • Article, Illustration
        1270 24 AMID growing concern that a big market slide could be developing. New York stocks gave way on Tuesday for the fourth straight trading day. The Dow Jones Industrial Average slid a mild 16.84 points, to 2,922.52, but the Nasdaq Composite Index, heavily weighted with technology stocks, tell the
        1,270 words
      • Article, Illustration
        764 24 LONDON shares showed small gains at midsession yesterday after a volatile morning's trading which was dominated by company results and falls in oil shares. By 1214 GMT, the FTSE 100 Index was 3.5 points up at 2,458.3 in heavy volume with 540.3 million shares traded by 1200 GMT. Dealing
        764 words
      • 232 24 DUTCH shares opened lower in quiet trading yesterday, in line with Wall Street's lower close on Tuesday and early losses on other European exchanges. At 1000 GMT the CBS Tendency In- dex was 0.8 points lower at 91.3. "Investors are not buying. They are waiting for new information to
        232 words
      • 199 24 GERMAN shares dropped nearly one per cent at the start of trading yesterday, weighed down by lower prices on Wall Street and in Tokyo and wildcat strikes in western Germany. The 30share DAX Index declined 14.81 points, or 0.9 per cent, to 1,556.80 after 10 minutes of trade. "It
        199 words
      • 267 24 SWISS shares yesterday opened slightly lower as overnight losses in New York and Tokyo weighed on the market. The SMI Index of leading shares eased 5.3 points to 1,611.5 in the first 40 minutes of trading. Brokers said a steady Frankfurt pre-bourse had given the market some support. Swiss
        267 words
      • 156 24 ITALIAN share prices yesterday gained in early trade in lively business with brokers attributing the advances to short-covering ahead of today's end to the March trading month. At 1000 GMT, the MIB All-Share Index was 1.4 per cent higher, which also reflected consolidation of gains made in late trading
        156 words
      • 143 24 BELGIAN shares opened mainly lower in quiet trading yesterday as the market consolidated recent rises. "The stock exchange is calm. Shares are lower but not by much," said one. The value of shares traded in the first 15 minutes was 68 million francs. Of the 37 shares traded 25
        143 words
      • 192 24 THE STOCKHOLM Bourse General Index improved on Tuesday after sharp early dips to close 0.7 per cent down from Monday at 1,084.26 in active trade. The blue chip index shed 0.33 per cent on the day. Overall turnover reached 394 million crowns. "Prices are now stabilising after weeks of
        192 words
      • 167 24 PROFIT-TAKING yesterday morning pulled French share prices down as traders, disappointed by the Bank of France's failure to reduce interest rates on Tuesday, booked gains that they have made during the last several weeks. The CAC-40 Index fell 12.09 points, or 0.67 per cent, to 1,783.39 at 0920 GMT
        167 words
      • 351 24 IN JOHANNESBURG, share prices generally showed little change in quiet morning trading yesterday as traders searched for fresh clues to the market's direction. Except for a few isolated cases little movement was evident. At 10:15 the JSE All-Share Index was down a touch at 2,890 from Tuesday's firm 2,892
        351 words
      • 241 24 TORONTO stocks drifted downward in late trade on Tuesday, closing lower as investors held on to their money waiting for signs of improving economies in both Canada and the United States, analysts said. Trading on both sides of the border was sluggish. The Composite Index dropped 10.6 to 3,544.5.
        241 words
      • 136 24 March 12 Close Hietiow NEW YORK Dow Jones 2,922.52 2.939 36 -16.84 NYSE Financial 144 53 ***** -I II S&l' 500 ***** 372 96 -2 93 Turnover (million) 176 4 161.6 +14.8 LONDON Financial Times 30 1,947.8 1,956.2 -8.4 FTSE 100 2.454 8 2.459.1 -4.3 Turnover (million) 838.4 534.4 +304
        136 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1211 25 REPORTS THE US DOLLAR was steady to slightly weaker in early European trade yesterday compared to late European quotes on Tuesday. The dollar opened at 1.5680/5690 marks and 136.38/43 yen after trading late in London at 1.5710/17 marks and 136.40/45 yen. Dealers
      1,211 words
    • 416 25 Cross rates Mam USS SS MS Dm Yen SFr AS NZS USS 1.7465 2.7340 I.57IO 136 30 0.5375 1.3615 I 3038 ***** SS 0.5726 1.5654 0.8995 0.7804 0.3078 0 77% 0.7465 0.9591 MS 0.3658 63.88 0.5746 0.4985 0 1966 ***** 0.4769 0.6127 Dm 0.6365 I.I 117 1.7403
      416 words
    • 581 25 Interbank rates S$ Bid Offer Overnight 4 1/2 4 3/4 1-month 4 7/16 4 9/16 2-month 4 9/16 4 11/16 3-month 4 5/8 4 V4 Overnight mode: 4 LSS Kid Offer 7 days 6 1/8 6 1/4 1 month 6 7/16 6 9/16 2 months 6 7/16 6
      581 words
    • 528 25 Reuter MALAYSIA'S futures industry is headed for a shake-up and a new options and futures exchange could take centre stage, analysts and backers of the exchange said. A private consortium is expected to launch the Kuala Lumpur Options and Financial Futures Exchange
      Reuter  -  528 words
    • 1262 25 SIMEX EUROOOLLAR 1 Open High Low Sett Est Vol Op/lnt Vol i Mar 91 93.46 93.48 93.44 93.45 2800 7528 4624 Jun 91 93.38 93.40 93.36 93.37 6542 ***** 7953 Sep 91 93.12 93.14 93.10 93.11 1772 6239 2691 Dec 91 92.67 92.69 92.63 92.64 819 7441 1338
      1,262 words

  • COMMODITIES
    • 414 26  -  By David Chew LOCAL TRADING firm Bos Commodities (Boseom) Pte Ltd has clinched two Papua New Guinea (PNG) coffee contracts whose worldwide sales are expected to reach US$3O million (SSS2 million) this year. The PNG deals can substantially raise Boscom's projected
      414 words
    • 315 26 Reuter THE AUSTRALIAN sugar industry, already reeling from rising world sugar stocks, flat prices and falling domestic production, was dealt another blow on Tuesday when the government said it would further cut sugar tarilTs. "Australian canegrowers were shocked and dismayed by today's Federal
      Reuter  -  315 words
    • 842 26 REPORTS THE price of tin closed unchanged at M$ 14.88 per kg in steady trading on the Kuala L umpur Tin Market yesterday. Dealers said the London Metal Exchange finished US$5 per tonne higher overnight, reflecting some European consumer offtake allied to earlier
      842 words
  • 1634 26 Rubber Mar 13 HAS (M in Mm) S ccnts/fcg Noon Close Int I RSS Prompt I4500/I4600N 145 (XV 14ft OON Int I RSS Apr 41 147 00/147 50 147 00/147 50 Inl I RSS Mav 14«> 00/14Q 50 149 00/149 50 Int 2 RSS OP 143 50/145 50N 143
    1,634 words
  • Page 26 Advertisements
    • 315 26 NOTICES IN THE MATTER OF VAT DESIGN TRADING CO. PTE. LTD. (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 oI the Companies Act. (Chapter 50) that a Final General Meeting o< the Members of the abovenamed Company win be held at 101-A Upper
      315 words
    • 268 26 In the Matter of the Computes Act, Cap. M And In the Matter of KRAFT INDUSTRIAL HEAT TECHNOLOGY (8) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap. 50, that the Final Meeting of Members of the abovenamed Company will
      268 words
    • 11 26 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 790 27 City Flight ETA Flight ETD City Flight ETA FHght ETD Abu Dh«M GA895 1225 MH642 1500 MH641 1315 rrr- rrrr tttz MH609 1625 SQUO 1445 Adelaide QF81 2010 QF82 2115 2 1545 SQ22f ZAM MH/SQ 1800 MH631 1610 Amsterdam GA895 1225 KL814 1730 671 MH610 1715
    790 words
  • THE TRAVEL PAGE
    • 814 27  -  POSTCARD FROM PARIS By Patrick McDowell THE French cafe, that haven and debating club for generations ot students, workers, poets and painters, is losing a battle with modem life. Fast food, television and vending machines are chipping away at an institution as central to French
      814 words
    • 151 27 As at 3pm yesterday: l»cal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3330 I 3530 Canadian dollar 1.4950 1.5150 NZ dollar 1.0300 1.0500 Sterling pound 3.230 3.270 US dollar 1.7400 1.7550 l/xal dollars to 100 units of foreign curre»cy Austrian schilling 15.60
      151 words
    • 62 27 Duration Title Venue Organiser Tel Duration Title Venue Otyntser Td March International Turin. Ital\ Torino Esposi/ioni <39)1165 69 March Inlcrnational Germany Hamburg Messc (49)40/***** 14-24 Home Exhibition S p A 15-20 Exhibition for Und Congress the Hotel. GmbH Mar 14. 15 Tourism 2000 Shangri l j Malaysian
      62 words
  • Page 27 Advertisements
    • 38 27 Apart from 35 European cities, Finnair Oslo flies to Norway. With a superb twice-weekly service from Singapore to Helsinki and then on to everywhere from Berlin to Bangkok. Call *****77 for details. We know Europe from to Finnish.
      38 words
    • 32 27 Riding tall after the M war Who are jr %j the others M jf) l riding tall? j 1/ Today in The Tl I New Paper W J Ja\ Monday to Saturday.
      32 words
  • Page 27 Miscellaneous
    • 333 27 1 Suggestion for the job (II) the H without exception (II) It Go over and over the I I I I I 1 I 1 I |H1 (4) ii l Ml Bv? I 12 spare list (4) 13 Left 15 He picks freely when fee- VHV 16 We must make
      333 words
    • 216 27 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Forecast: Maximum temperature 30 9 Assoc humidity 72% Minimum temperature 25.CTC Assoc humidity 95% Hours of sunshine 4.35 Rainfall in mm 1.3 Rainfall this month 1.3 Rainy days this month. I World forecast Asia-Pacific Hi/Lo* C'ond. Auckland
      216 words
    • 43 27 fPoN'Tj>e (f\<=> K ne Fofc anything VOU VjOUP>t rm Mess \\T S looks V LiWEJPND I CAN Put my POOT J I DOr* T KNOU) HOUJ NOU CPM r --—.<■ VONJ \T J "Mese s\-«J3bu»JDiMGs J vC ggiSTfruJ J j' STANDARD CO LTD IW2-IWI
      43 words

  • 485 28  -  Almost all the airlines are coming back: Dubai From Walton Morais in DUBAI SINGAPORE Airlines flight SQ2B touched down at Dubai International Airport at 3.02 am yesterday, another sign of the return of confidence in the Gulf after the war. SIA suspended
    485 words
  • 327 28  -  By Schutz Lee SINGAPORE will not lose out although the tariff preferences enjoyed in Australia will be reduced and eventually eliminated, said the Trade Development Board yesterday. This is because the average Most Favoured Nation (MFN) tariff on all imports into Australia will
    327 words
  • 312 28 IT IS TIME for Japan to hold a "comprehensive and frank dialogue" with its Asian neighbours on security matters, says Foreign Affairs Minister Wong Kan Seng. Speaking during a symposium on the peacekeeping role of the United Nations yesterday, Mr Wong
    312 words
  • 348 28  -  From Paul Gopal in CALGARY CANADA'S seventh Pacific Rim Opportunities Conference opened in Calgary this week, with the Canadian keynote speaker. Mr Barry Steers, giving strong advice to the delegates not to overlook their opportunities in the US. More than 300 delegates from
    348 words
  • 251 28  -  From Maggie Ford in JAKARTA THE INDONESIAN Finance Minister. Dr Johannes Sumarlin, yesterday welcomed the first cut in bank interest rates since the authorities imposed restraint measures on local banks last week to defend the Indonesian currency. Other banks would follow this
    251 words
  • 419 28 AP UNITED STATES Secretary of State James Baker, on the final leg of his Middle East trip, is looking for the opening that would get Syria and the Palestinians talking to Israel. Mr Baker, who arrived in Damascus yesterday, is
    AP  -  419 words
  • 744 28  -  The Bottom Line MICHAEL CANNON MICHAEL CANNON The writer is BT's Foreign Editor THERE WAS an intriguing item in South Africa's national accounts last year. After the estimated revenue from exotic and strategic metals was deducted, there was still an additional one
    744 words
  • Page 28 Advertisements
    • 35 28 Nikon The World's Finest Photographic Systems For the Professional Portfolio Manager IN V E STA MAT IC An On-line Investment Research System tor Far East Equities I SINGAPORE 225-1595 MAI-AYSIA (03) 261-5331 lIONG KONG 877-2284
      35 words
    • 231 28 Nikon The World's Finest Photographic Systems DIRECTORS' DUTIES AND RESPONSIBILITIES A Seminar for Company Directors With companies setting up audit committees, the number of independent as well as first-time directors, is increasing. There are several aspects of the law that directors ought to be aware of, such as their legal
      231 words

  • Shipping Times
    • 561 29  -  From Fred Joseph in DUBAI MINE hunting and mine sweeping operations to clear safe paths for shipping bound for Kuwait have begun, but it will still be another week before ships with absolutely essential cargo like fresh water can dock. Shipping sources said
      561 words
    • 300 29 Reuter GULF PORTS are mainly back to normal, shipping agents say, but they are still waiting for situation reports on Kuwaiti harbours. "There was no major danger to shipping in the Gulf during the war except for mines," one shipping source said in Dubai on
      Reuter  -  300 words
    • 295 29 AP SEVENTEEN CITIES in the Asia-Pacific region have mass transit railways but half of them are in Japan, a United Nations report says. Asian mass transport facilities are inadequate and rapid urban population growth "has pushed road congestion to an intolerable level", said
      AP  -  295 words
    • 260 29 Lloyd's List THERE has been a 40 per cent decline in the number of Japanese seamen employed by the five major shipping companies in Japan on their domestic-flag fleets, according to a recent survey. Since March 1988, the number of Japanese seamen
      Lloyd's List  -  260 words
    • 461 29 Bernama THE Malaysian government will issue more licences for container haulage if the service provided by the four existing companies is found to be unsatisfactory. Prime Minister Datuk Seri Dr Mahathir Mohamad said in Port Klang on Tuesday. The government would keep
      Bernama  -  461 words
    • 331 29  -  From Christopher Reed in LOS ANGELES THE Port of Oakland in California, once one of America's West Coast leaders with more than a third of its container tonnage, has since run into troubled waters and may soon report its
      331 words
    • NEWS SUMMARY
      • 76 29 THE crudc oil tanker freight market will continue at historically high levels during March, after which it is likely to decline a little for seasonal reasons. Longer term, there will again be fluctuations as Kuwaiti oil has to fight for its place in the market, and
        76 words
      • 73 29 OVERSEAS air travel will be reshaped by a deal giving the two biggest US carriers access to London's gateway Heathrow Airport, but it may also lead to higher prices tor travellers. As United Airlines and American Airlines replace two weak competitors at Heathrow,
        73 words
      • 34 29 THE DECLINE in new car sales in western Europe accelerated in February with a 3.5 per cent fall to 1.06 million, according to preliminary industry estimates. Back Page
        34 words
      • 40 29 POLAND could decide to team up with US giant General Motors instead of Fiat of Italy in a new car joint venture, the opposition newspaper Gazeta said in Warsaw on Tuesday. Back Page
        40 words
    • LOG BOOK
      • 87 30 MORE THAN 300 delegates are expected to take part in Singapore's premier shipping event, SingaPort '91. The conference will focus on the theme "Shipping: New Frontiers". It will be held between March 26 and 28 at the Raffles City Convention Centre. Highlights of
        87 words
      • 58 30 ABACUS Distribution Systems has appointed Mr Shiv Raj Yadav, who has over 20 years managerial experience, as its training manager. He replaces Mr Peter Lunsford, who is now manager, product development. Mr Yadav has been in the area of training and management development in South Asia
        58 words
      • 88 30 THE PORT of New Orleans will begin receiving a weekly ship call by Sea-Land Services offering service to Puerto Rico beginning on Sunday. The service was eliminated in December when the Military Sealift Command chartered the ship Sea-Land was using for supply runs to the Middle East.
        88 words
      • 64 30 PETROLEUM Helicopter Inc (PHI) has signed a contract with Bell Helicopter Textron to purchase 154 Bell helicopters. PHI will be buying 66 Bell Model 2068-111 Jetrangers which can carry four passengers and a pilot. It will also buy another 88 Bell Model 206L-111 Longrangers which can carry
        64 words
      • 122 30 THE EAST Asiatic Company, a Danish maritime and industrial group, saw its pre-tax profits drop 33 per cent last year to 635 million crowns (S$ 192.5 million), the company said. Turnover also dropped 11 per ccnt to 15.8 billion crowns. The company had predicted an increase
        122 words
      • 68 30 AIR ACCIDENTS rose 18.2 per cent in New Zealand last year over the average of the previous 10 years, the Ministry of Transport said yesterday. The accidents cost at least NZ$3O million (Ss3o million), the ministry said. The number of accidents involving serious injury
        68 words
    • 1061 30  -  Following the liberation of Kuwait and with the huge reconstruction programme in mind, James Brewer assesses the outlook for the key markets James Brewer Lloyd's List THE crude oil tanker freight market will continue at historically high levels during March, after which it is likely to
      Lloyd's List  -  1,061 words
    • 831 30 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices tor a more comprehensive description of the market. Prices shown arc based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      831 words
    • 11514 38 This is a list of ships loading J at Singapore tor ports around the world. It tabulates, hy destination, the name of the I ship, the shipping line in- j volved and the estimated dates of arrival and departure from the Port of Singapore. Advaneed dates are
      11,514 words
    • 3375 43 Containerline NV: Bclsin Shpg Agencies Ptc I til (SyMarinc Handling Sdn Bhd (PK/PN) Acvurd Croup: Accord Shpg Pte Ltd (SVAccord C'ontr l ine (PK/PN) Adkris Business Corporation Philippine: Calsourcc Shpg l'rdg Ptc l td (S) \hrenkiel l iner Service: Kim Shpg Trdg (S). Vlbatros Sea-Air Service: Frata Shpg
      3,375 words
    • 250 43 Abacus Courier* Tel: 545-8011. Fa*: *****98 Air Imprest Travel Tel: 533-5771. Fax: *****44 Airturne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fa*: *****75. City-link International Tel: 344-3377. Fa*: *****50. Cluster link Supplies A Services
      250 words
    • 1488 43 Abex Express Freight Tel: 542-7171. Fa*: *****84 Actinic Forwarder Tel: 225-1833. Fa*: *****42. Activair Singapore Tel: 542-7822. Fa*: *****20 Aerolink Freight International Tel: 545-8033. Fa*: *****05 Aerospeed Tel: 542-5911. Fa*: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50 Air
      1,488 words
    • 2907 44 ARGENTINA Buenos -Vires: Most berths busy; no congestion; some general cargo berths vacant, no congestion expected San lorenzu. Three vessels in port of which 2 loading grain. I loading by-products; 2 vessels in roads awaiting shippers' instructions to load by-products. A vessel is grounded south of San Lorcn/o
      2,907 words
    • 456 44 ARRIVALS DEPARTURES Op Might Type ETA T From Op Flight Type ETD 1 To TODAY TODAY KAL KE697 B747F 0220 I SEL KAL KE697 B747F 0450 I BKK NCA KZ203 B747F 2005 I NRT SIA SQ/ B747F 0540 2 BOM/LON KAL KE685 A30F 2345 I SEL/MNL BA822
      456 words
    • 664 44 SHIP SALES TANKER RATES Reuter AFP AN UNNAMED charterer had declared its purchase option on three motor tankers for about US$63 million en-bloc. The vessels are the Boris. (29,996 dwt. built 1989), Anatoli (29,998 dwt-1989) and l-ana (29,900 dwt-1991). VESSELS SOLO FOR FURTHER TRADING Motor tinkers The Hesnes: 68,157 dwt
      Reuter; AFP  -  664 words
    • 280 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA till Ports of Calls Port Agent MARCH 14 16 Fedor Postojewskij 1200 1700 Jawa-Sin-P Kelang Singapore Soviet Shpg Co 17 17 Cora Pnncess 1000 1800 Jakarta-Sin-Jakarta Sembawang Johnson 21 21 Cora Pnncess 1000 2230 Jakarta-Sin-Jakarta Sembawang Johnson 24 25
      280 words
    • SHIPS IN PORT
      • 596 45 VmmI Voy No Berth Amval Departate insei Voy No Berth Arrwal D«parti*e Keppet Wharves Sembawang Baroness 90 K34 alongside 14 03/1200 Wor Amphion ID S02 alongside 1303/1800 Cora Pcess 012 (P) K29 alongside 1303 1800 Es Hway 124 SOI 13 03/0930 13 03/1500 Rota Megah £888 K32
        596 words
      • 1272 45 FCL CONTAINERS AND LCL CARGO Slip Voy No Etb/Btr Record Bootonf/Balance Period From To Rstts From ACX Dais 10 15/0400 13/1700 14/0700 14/0900 14/1400 Ma Bhun 472N 15/1445 13/1700 14/1200 4/065< 4/145 c 14/0900 14/1700 Andro Star 22N 14/1700 13/1500 3/165< 13/1900 Anro Temasek ***** 15/0300 13/1500 13/1700
        1,272 words
      • 282 45 Penang Port Johore Port Berth in Butterworth on March 14: 1 Lian Hua Shan; 2 Berth 1: Tria 1 Barge Kel 7 Million II; 3: Kirsten Riis. Sn Arika, 4 nil: 5 Perkasa. 6 Berth 2: Juta Jaya. Malvest No 1 Bunga Teratai berth 3: Agel Perm*
        282 words
    • 1092 45 CHARTERING on the dry cargo freight market on Tuesday featured active fixing of combination carriers as some owners switched to dry trade where rates remained firm while oil rates declined, brokers said. Some operators believed a large appearance of combination carriers in the dry trading market could dampen
      1,092 words
    • 667 46 AP OVERSEAS air travel will be reshaped by a deal giving the two biggest US carriers access to London's gateway Heathrow Airport, but it may also lead to higher prices for travellers. As United Airlines and American Airlines replace two weak competitors. Pan
      AP  -  667 words
    • 588 46 Decline moderated by a big increase in Germany FT THE DECLINE in new car sales in western Europe accelerated in February with a 3.5 per cent fall to 1.06 million, according to preliminary industry estimates. Demand fell sharply in the UK. France, Spain and
      FT  -  588 words
    • 274 46 AFP POLAND could dccide to team up with US giant General Motors instead of Fiat of Italy in a new car joint venture, the opposition newspaper Gazeta said in Warsaw on Tuesday. Fiat is a traditional partner of Poland in the car sector
      AFP  -  274 words
  • Page 29 Advertisements
    • 578 29 SSWEE HENG METAL CO PTE LTD No 13, Tuas Avenue 14, SPORE 2263 FAX: 861 2946 < a TEL 861 5855 (5 LINES) Sote Apeni TLX: RS ?ofl7B W CommeraaJ Cleaning 1 Equipment Industrial Maintenance Equipment Also buy .sell rental repair I THEME: SHIPPING NEW FRONTIERS Si^ Jq Come lo
      578 words
    • 27 29 Container Schedule 17 Daily Freights 1' Index to Advertisers 3 Shipping Guide 10.11 Shps in Port 17 Singapore Tides U Weather and Sea Conditions 17 Weekly 2
      27 words

  • Page 30 Advertisements
    • 90 30 FOR SUCCESSFUL MANAGEMENT OF YOUR ,#siness qi Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look
      90 words

  • Page 31 Advertisements
    • 2279 31 JAftOINE SHIPPING ACENCIES ®0 Cantonment Road #12 05 Southpomt. Singapore 0708 mil if# *****11 tElf X NO RS 241/9 ■Tillllll RMi Tel 32U0218 220 bookings rn UW2M r* L. PESAKA SHIPPINC AGENCIES SON BHD PORT KELANG TEL *****18 TELEX NO MA*****/MA***** PENANG TEL *****4 TELEX NO MA***** CfS lEI *****6
      2,279 words
    • 948 31 INDEX! TOADWRIISERS Have Col Page Col I*l I M 1 ABC Containcriinc 12 I Mac-Nds Agencies 14 1/2 Accord Group 8 1-3 Macolinc 18 2/3 Mbatros Sea-Air 14 3 Macrsk l ine 3 4/5 Allicd-I ink 16 4/5 «MISC 14 1-3 API. 5 3-5 *M'sia Shpg Corp 1/2 APC line
      948 words
    • 2425 31 NEXT VESSEL TO U.S.A. MARIE MAERSK V 9104 ETA 19/3/91 Vmml Voy EfA j ETD 'Port 'Penang DESTINATIONS Singapore Keiang rnt> Mf > mwm fDy 3 oboo HAS M r«rco a CFS '8-3 1 340 MRS M Tauro OAK LGB HCKJ MEM ATL MIA CHS BAL PMC NYC MON TOR
      2,425 words

  • Page 32 Advertisements
    • 1387 32 Irottedam I j VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE KURAMA 89/110 14/3 4/4 2/4 1/4 lj|Sl|3 FRANKFUHT EXPRESS 55/310 17/3 3/4 5/4 8/4 9/4 m TOKIO EXPRESS 98/111 21/3 11/4 9/4 8/4 L All KAMAKURA 16/311 24/3 10/4 12/4 15/4 16/4 MELMKAjPWAIIG CARGO KASUGA I 14/112 28/3
      1,387 words
    • 546 32 wm DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SCASPAC I 28/3 11/4 14/4 19/4 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA NUKUALOAFA DIRECT CHILE SERVICE SIN lOQ ANF VAP CALL AO SAN (PERU) ANTONIO SEASPAC I 28/3 2/5 3/5 6/5 7/5 8/5 Cjlljo or Santiago vij
      546 words
    • 1587 32 Wfl ifflUHI /SI Iff#! £ISI. REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOV SIN ALG BCL HAM BRE ROT ANT FEI LHA (VIA (VIA (VIA ALG) HAM) ROT) NOR ASIA AL MUNTAZAH 9102-3 18/03 06/04 07/04 12/04 13/04 14-04 15/04 16/04 17,04 NORASIA SAMANTHA 9103 3 25/03 15/04 16/04
      1,587 words

  • Page 33 Advertisements
    • 2017 33 ggSteamers Maritime Holdings Ltd Pffrf> m M STRAITS SHIPPING flVrr |H Diim«a| test Containers r rr a-irs. srs, -r«s. r. "s s uf LWJSf MAI«K H TfR IMb 05,04 #04 0904 MO4 STRAITS HOPE VO4E KK. Skan. LO. Taw In Port IS Mar TABU BAr I,H i9«J 03 U9.04 1104
      2,017 words
    • 1878 33 TO: g.9,A,/PANAMA fm-. u.sa./panama CHOVANG VICTOR* EF 110 U?4 12" "J *4 2M Is" 8 N U Sf C N S *V "o*7 )M *7 "(J *2 I*2 X:1 2*3 SINGAPORE SENATOR fF 111 W l»4 I*4 2*4 4/5 ISrt 7,5 A > 0 "> ,?K S, ATLANFIC SENATOR EF
      1,878 words
    • 357 33 ummmm STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC ASIAN COSMIC COSMIC CHALLENGER STAR TRADER PIONEER VOY NO 5 111 16 16 S pore In Pt 16/3 11/3 20/3 P Kelang Std IS/3 22/3 Penang Yangon Mongla Chittagong Calcutta Yokohama Nagoya Osaka Senbofcu Kobe NOTE ALSO CALLINC
      357 words

  • Page 34 Advertisements
    • 811 34 SH CH NBR **********0-O EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSI VOY S TORE ROAM ADAM H BURG BRtMfN ANTWERP TRIAS UNITY OQMB I*3 W 21/4 »/4 30/4 SRIWDAYAIIWB 19(3 fcs 1»5 16ft 20/5 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subfect to Inducamanl. Also accepting cargo to CaaaManca. Port Said. Port
      811 words
    • 723 34 $$> it, HANJIN SHIPPING SaorellFH RTM ANR HAM BRV FIL fttOCR VSI SIN LINE HAUL LAX OAK HANJIN ROTTERDAM 013W 17 3 1 4 5/4 6/4 64 S 1 9,4 H i2!!2 M olSfrr IJI 11/4 HANIIN SEATTLE 01/W H i 11 1 12« 13« 13 4 15 4 16
      723 words
    • 1348 34 I. SW HKC KSC KIC PUS MKT OSK NGY SM/ TYO LAX CMS BAI NYC LHV ANW ROM THP HBC PSO CMS PKL SGP GRACE RE OJ/ 11(3 IS3 70 3 21/3 23/3 »3 71,3 3 31-3 l/l 7/4 13,4 7S 1 7/4 7%'» IS tfi 10/5 U/S 13/5 23/S
      1,348 words

  • Page 35 Advertisements
    • 2078 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE -*****19 USA SERVICE *****16 AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE *****48 < TERMINAL OFFICE -*****22 DOCUMENTATION DEPT: *****44/*****14 i CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 I NEPUNE SDN BHD MALAYSIA K.L.-(03) *****33, P. Kelang-(03) *****87,
      2,078 words
    • 1067 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VESSELS VOTAGI |ywt |Vl>| L« I HKChG VO»*G£ PsPO«l MIIANG HBORG B MAVtN
      1,067 words

  • Page 36 Advertisements
    • 1773 36 AS AGFNTS KAWASAKI SINGAPORE (PTE) LTD ICR No **********0 M) i TEL *****//' lEIEX KAWAKIRS23I6S fAX ?249?/9 V I M MAIAYSiA "K" LINE MARITIME (MALAYSIA) SON BHD I Hi PJ/Sb4/22PK 368/201 bPfNAN(,6?Bb/bJB *****1 MMM KAWASAKI KISl' N K \ISII ITO INDONESIA P T SARANA LAUT internusa tfl MI sronm 5/0/1/7
      1,773 words
    • 848 36 PHIU-OmeNT LIN€S PT€ LTD T 108 ROBINSON ROAD »0/ 00 GMG BUII DING SINGAPORE 0106 TEL *****22,2238/69 *****00 TELEX RS ***** PHILI FAX *****76/*****38 s -v BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU Ml Mhl ROF SINGAPORE FREIGIIT FORWARDERS ASSOCIATION 24 MAR MONTREAL. OTTAWA, TORONTO.
      848 words
    • 458 36 GOLDEN LINE guan guan shipping 1 (PTE) LTD li 23. telok Aver Street SINGAPORE 01M TEI i*****S (10 LINES) Fn *****04 (CR No ioi»ssoooow) «miT«/m»iAH war mvia S'pore P Kelang Penang GOLDEN WONDER Cotombo Karachi Dubai 24<2t Mar COLDEN HAVEN Colomt*.' Harach Dubai 2130 Hjr CHINA lEHVICI A VSL Huangpu
      458 words

  • Page 37 Advertisements
    • 1546 37 PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSi 111 PIL BuikJing, 140 Cecil Street »03-00, Singapore 0106. j JAKARTA BANGKOK I VESSEL VOV SIN JKT SIN M/MHui 9UO fslrt f»/2 2573 MAJAPAHIT 9104 17(3 20/3 seA GLORY 9109 17/3 19/3 24/3 Vf BUNGA TERATAI 102 17/3 19/3 24/3 HA| y, NG 91M
      1,546 words
    • 1193 37 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT 'ESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Jaa+ 068 19/3 514 6/4 8/4 9/4 IL Hoofn* 066 20/3 I_W4 1214
      1,193 words
    • 357 37 ygk MYANMA pßik FIVE STAR UNE W (Myanmar National Line) Loading (or Yangon (Rangoon) S'pore P.KIg Pen P Gdg PATHEIN VIIOW 18 Mar PAGAN VI6BW 27 Mar THE BANK UNI (A tervice of Andrew W«lr Shipping) VT SEMI-CONTAINER SERVICE \l HEAVY LIFT CAPABILITY I EXPRESS TO PAPUA NEW GUINEA BUNKER
      357 words



  • Page 40 Advertisements
    • 735 40 feknuMwiMJini? TO AUSTRALIA/NEW ZEALAND VSI S.n F-em Tie b |Svd Eit NPt Tp CHALM AMTWfRPtN 2*J ?13 JOJ 11 it 4 14 4 Ts,4 W4 TNI EXPRtttllrt ~~ZFT «4 tis lis T*is 195 ELLEN HUDIG 2/0 9,1 1& 5 27V Sis T» 16 BRUSSEI 271 MjS FIT ~4 6 106
      735 words
    • 1258 40 EXPORTS TO HONWONG TAIWAN A JAPAN TWICE WEEKLY MALACCA STRAITS FEEDER SERVICE [OUTBOUND VOY PKL PNC~ )KT I SINTHKG KAO KEE TYO SM2 N(tf KOB TVESSEL VOY ISTNTPKL PNC BLW SIN ACX DAISY 10 16 3 "113 15 3 22 3 26 3 27 J 2» 3 ACX DAISY 10
      1,258 words
    • 272 40 4"k P.T. UNITED SHIPPING lor ORGANISATION LTD <X O««rCTWGIJtAWS*RVICfS <X- JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA i SURABAYA W Accept c*r|Mi to all otkcr Indonesian porta with transhipment at Jakarta or Surabaya. DESTINATION ETA ETD VSL JAKARTA 16/3 17/3 P SUMATERA a 19/3 19/3 P JAWA ?8/3 29 3
      272 words
    • 1581 40 fS is "N '3 s CHIN* OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE SINGAPORE'S GENERAL AGENTS COSTAR SHIPPING PTE LTD: TEL: *****00 (SINGAPORE) INDONESIA S AGENTS P T GLOBAL PUTRA INDONESIA MARITIME TEL *****82 (JAKARTA) MALAYSIA S AGENTS CHUNG CHIAO SHIPPING SDN BHD TEL *****91 (KL) *****1 (PENANG) SHIPPING SDN
      1,581 words

  • Page 41 Advertisements
    • 1059 41 UK.C CONVENTIONAL «E»VICE vessel PKL PNG P C lojding tor VESSEL 1t,03 Roltefdim Antwerp CHINA FULL CONTAINED —VICE Vessel SCP PKL BKK HKG QIN SHA TANCFANGKOU 14/ 02,04 03 04 0/04 1/04 18 04 fANGFANCKOU 149 '13/05 04 05 OH 05 13 05 19 05 Also KCtplmg otlwf chinew ports
      1,059 words
    • 280 41 (S RICHFIELD MARINE AGENCIES (S) PTE LTO A TEL: *****33 (12 Lines) *m FAX: *****15/*****03 fTI TELEX: RS ***** RISHIP (3 Lines) pCT\ ETHIOPIAN SHIPPING LINES f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VI SSEI IvOY E FA llOAniM, fOR SPoni ABBA> MfOHZ MM NVOS DAAESSAIAAM MOMBASA OJBOUfI
      280 words
    • 820 41 fm PT MASKAPAI PELAYARAN vEapULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY,WEEKL> FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE "VSL VOY SIN JKT PAJ
      820 words
    • 449 41 SYDNEY/MEBOURN^^^^^^^^^^bangkoi^^^^^^^^^^^^^^^^ S PORE SYD Kl VESSEL VOY SINGAPORE BANGKOK PIVA BHUM 0302S 15 16/3 28 30/3 01 -03/4 SIRI BHUM# 476N Fri IS/3 Won 11/3 PLANE IA 0«v 0102/4 14 15/4 1120,4 MAHA BHUM# SON Sat 16.3 Tue 19/3 PWA BHUM 0503 14 15/4 27 29)4 01 03/5 NANTA BHUM
      449 words
    • 459 41 nccn-urt VSL VOY SINCAPORE MADRAS SXOAPORE 4 VESSEL VOY SIN MAA SIN lEUVE 9141 In Port 21-23/03 28 29/03 TIGER BAY ISIN 19-19/03 25-27/03 02-03/04 TIGER STAR IS2N 23-24/03 30 02/04 07-08/04 VBL VOY SINOAPORE/CALCUTT A/SINGAPORE 4 I VESSEL VOY SIN CAL SIN TIGER CREEK 124C8N 18 18 03 26-27/03
      459 words

  • Page 42 Advertisements
    • 1274 42 m. A. m MAC-NELS SINGAPORE EXPORT HI: *****22 IMPORT TEI: *****02 1 1 PENANG TEI (04) KK Ttt (088) 24??S0|TAWAU TEL (089)//86/9 I 1 p KELANG Tf-L (03) *****77 KUCHING ILL (0821 4?l43j|sKAN TEI (089)*****2 I N"V\ I J HAMULI TEL (0/(*****2 SIBU TEL (084) *****2ISARIKEI TEL (084) 6b 1388
      1,274 words
    • 427 42 BLUE STA LINE II SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAIN KKI SKI) MONTHLY SAILINGS DISCHAKGING AT NKW PLYMOUTH POKT CHALMKRS AC C KPTINCi KC I. I.CI. FOR AUCKLAND. NAPIER. WELLINGTON. BLUH-. CIIKISTCHURCH. DUNEDIN. LYTTKI.TON, INVERCAHGIL, FIJI AND TAHITI SIN N PLY AUCH IVT MANDAMA 0592 1/ Mar
      427 words
    • 1105 42 THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES)~ SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL [voT I ETA TDEST VESSEL VQT ETA KIT KIM SOON LI 9 91E 16
      1,105 words



  • Page 45 Miscellaneous
    • 464 45 TIDES AND WEATHER TODAY'S Tines (height in metres) HOI* 0000 0100 0200 0300 0400 0500 0600 0700 0100 0500 *****100 1200 *****400 1500 1600 **********00 2000 2100 2200 2300 JR 19 15 13 1 1 1 1 1 3 16 21 25 28 2.7 25 20 1.5 10 0 7
      464 words

  • Page 46 Advertisements
    • 403 46 CHARTPOINT Every Saturday in Business Times PT- PELAYARAN. SAMUDBA AGUNG POH AIK 184 14/3 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 18/3 DUMAI/PEKAN BARU ABAOI JAYA 14/3 DUMAI/PEKAN BARU KUALA SIAK V 15/3 BALIKPAPAN/SAMARINDA SENGGATA (TG. BARA) vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BATAM SUMATRA PORTS Also accepting cargo for
      403 words
    • 721 46 AHYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA 1 TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN MVliNnAl COMMANDER 24E 23/3 28 3 15'4 184 21/4 20,4 HYUNOAI EXPLORER 37W 1212 ISI2 VI2 Hi W HYUNDAI S 39E
      721 words
    • 657 46 ICHARTPOINTI Every Saturday in Business Times trrtv t'om Vol PW& PHI Motif Vo» Si* lAX OAK HOC o*l *0R N»C OUR USA AKA BMU« V 470N~ 15 J ALLIGATOR PRIDC ***** 113 W 14 14 104 104 104 12,4 SERVICE CALLS AKA BHUM V 472N -22 3 ALLIGATOR GLORT V
      657 words