The Business Times, 23 April 1991

Microfilm: NL17476
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 16/12/90 Tuesday, April 23, 1991 75* I
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  • NEWS SUMMARY
    • Article
      UK retail sales record steepest rise in 12 years
      69 1 BRITISH retail sales rose by 3.7 per cent last month over the February level, the steepest jump in 12 years. According to provisional seasonally-adjusted figures released in London yesterday, the rise was much sharper than analysts' forecasts of a 0.1 per
      69 words
    • Article
      Japanese firms cautious about prospects: poll
      51 1 MANY Japanese companies are cautious about domestic economic prospects for the April-September period. A survey conducted among 3.856 companies in six Japanese major cities in March said 54.2 per cent saw Japan's economy levelling off in April-June and 28.6 per cent actually saw it
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    • Article
      GES expanding abroad
      25 1 LOCAL personal computer company GES Singapore will be establishing more overseas distribution offices to monitor and expand its business abroad Page 2
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    • Article
      Contest draws blank
      41 1 AN ATTEMPT by the Ministry of National Development to tap bright ideas from private sector architects on new housing forms has drawn a disappointing response, going by the entries for the first competition of its kind Page 2
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    • Article
      ADB offer to Manila
      44 1 THE Asian Development Bank has offered a USS4OO million (SS7I2 million) loan to finance the computerisation and expansion of the Philippine stock market on the condition that the rival Manila and Makati stock exchanges must first be merged. Page 8
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    • Article
      IMF against rate cuts
      33 1 THE International Monetary Fund is set to side with Germany against the US in the latter's drive for lower world interest rates to spur global economic growth Page 9
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    • Article
      Industrial output up
      29 1 INDUSTRIAL production in China showed a marked upswing in the first three months of this year, although the growth base remained tar from steady Page 9
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    • Article
      Polanski looks back
      16 1 FILM DIRECTOR Roman Polanski talks about the ghosts of Cannes past Page 13
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    • Article
      New air procedures
      28 1 AUSTRALIA is to introduce air space management procedures which will bring it in line with the rest of the world. Shipping I imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      43 1 WALL STREET stocks declined broadly early yesterday amid doubts about the outlook for Federal Reserve credit policy and interest rates. The Dow Jones average of 30 industrials dropped 24.75 points to 2,940.84 at 1430 GMT in the first hour of trading.
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    • Article
      Footsie lower
      46 1 SHARES slid lower in London at midday yesterday against a background of gathering uncertainty about the outlook that had lifted shares to record highs in recent weeks. The Footsie index of 100 leading shares lost 19.8 points to stand at 2.500.3 at 1200 GMT.
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    • Article
      Keppel House sold
      40 1 KEPPEL HOUSE and its adjoining land, owned by Straits Steamship Land and Keppel Corporation, have been sold to Eu Yan Sang Holdings for S5l million in the first major commercial property sale of the year Page 3
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    • Article
      Strategies pay off
      29 1 CORPORATE strategies which emphasised product innovation. human resource development and computerisation helped Great Eastern Life Assurance generate new business worth $6.9 billion last year Page 3
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    • Article
      Getting tough
      24 1 THE AUSTRALIAN Reserve Bank is considering tightening supervision of the country's banks because of some failings in the existing system. Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Monda> Change BT-MGA 743.65 fO.I8 Kuala j)2.16 -3.34 Tokyo 26,237.01 -304.96 Hongkong 3.582.49 -84 9| Sydney 1,511.7 -7.9 Friday Change New York 2.965.59 -33.67 London 2.520.1 -18.3
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    • Article
      CURRENCIES
      25 1 Exchange rates USS SSI. 7805 100 Yen S$ 1.2832 MS SS0.645I Money market rates Overnight 3 1/2% -2 1/8 i 3-month 4 13/16% unch
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    • Article
      COMMODITIES
      37 1 London Gold AM fix US$356.25 -US$0.85 Rubber S'pore Vlav 145.(H)'/kg unch M'sia May 225.50*/kg unch KL Tin Turnover 85 tonnes +20 Spot MS 14 90/kg +0.04 Crude palm oil Turnover 1.568 lots +263 May MJ790/tonne +22
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  • Article, Illustration
    Aussie firms up for grabs as recession hits home
    545 1  -  Majority of Asian buyers from Japan and Hongkong By S N Vasuki MORE THAN just property is up for grabs in recessionhit Australia nowadays. While Singapore newspapers have in recent weeks seen a spate of advertisements of Australian property on offer,
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  • Article
    Singaporeans get a piece of the action
    415 1  -  From Florence Chong in SYDNEY TWO Singaporeans have received the green light to purchase Strathfield Plaza, a retail commercial complex located about 12 kilometres west of Sydney, for A 525.25 million (about 5534.6 million). The Singaporeans, T P Tay and SC Tay, believed
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  • Article
    Lock icon Washington to press Tokyo on anti-trust reform
    291 1 Reuter THE United States wants Japan to crack down on collusive business practices and will press Tokyo hard to reform its anti-trust policies at talks in Tokyo next month. Deputy US Trade Representative Linn Williams said. "As long as Japanese companies can collude
    Reuter  -  291 words
  • Article
    Defence ministers to reaffirm commitment to arrangement
    284 1  -  By Harish Mehta MARKING the 20th annii versary of the Five Power Defence Arrangement, defence ministers from the five member nations of the pact are to meet in Singapore and Malaysia on Saturday and j Sunday to reaffirm their commitment to the grouping.
    284 words
  • Article, Illustration
    Let's aim for environment-friendly development: Koh
    403 1  -  By Hong Lee Tiam MORE CHALLENGES lie ahead and it is not time yet for Singapore to get complacent where conservation and the environment are concerned. This is the message Professor Tommy Koh, Singapore's ambassador-at-large, had for industries, businesses and the government at the
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  • Article
    Hang Seng lower on political uncertainty
    130 1 POLITICAL jitters yesterday caused Hongkong's blue-chip Hang Seng index to slide about 130 points, but light bargain-hunting in the afternoon boosted the sagging index some 45 points from its intra-day low. The index closed at 3,582.49, down 84.91 points from Friday's close. Though the
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      202 1 i—^ Nikon The World s Finest Photographic System. Aircraft Schedule 25 Money Changer Rates 25 Weather 25 Commodities 24 Money Market 23 World News 9 Cryptic Crossword 25 Regional Co News 4 Editorial 10 Regional News 8 For market indices, editorial Financial News 7 Regional Stock Markets 22 advertising and
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      Page 1 Advertisements Column 2
      3 1 Analysis, Pr 11
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    • Advertisement
      Page 1 Advertisements Column 3
      57 1 Nikon The World's Finest Photographic System. Cartier THE TABLE SET BY CARTIER. X mai/on/ de cu/wr -j :hr^.: ky mu/t' de C a/tier Boutique/ SINGAPORE #01 36 LucKy Plaza. 304 Orchard Road Tel *****27 #01 04. The Shopping Gallery, Hilton International Singapore. 581. Orchard Road Tel *****95 #01-03. Palais Renaissance.
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  • HOME NEWS
    • Article
      GES eyes French and Indonesian markets
      406 2  -  Datamini makers going global By Jean Wee LOCAL personal computer company GES Singapore is setting out to get a bigger bite of the global computer industry. The homegrown company, which manufactures under the brand name Datamini, will be establishing more overseas distribution offices to
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    • Article, Illustration
      Dearth of bright ideas for new housing forms
      414 2  -  By Elaine Koh AN ATTEMPT by the Ministry of National Development (MND) to tap bright ideas from private seetor arehiteets on new housing forms drew a disappointing response, going by the entries for the first eompetition of its kind. Of the 10
      414 words
    • Article
      EASY does it at Labour Ministry
      268 2 THE MINISTRY of Labour has invited 10 large employers of foreign workers and employment agencies to take part in the pilot phase of an electronic work permit application system (EASY). Using only a personal computer and a telephone line, EASY will save the firms
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    • NEWS ROUNDUP
      • Article
        New BMT pitched at recruits' level of fitness
        128 2 MINDEF announced yesterday an improved Basic Military Training system that will allow recruits to train at a pace that is commensurate with their level of fitness. Starting from the June 1991 intake, recruits who have attained the National Physical Fitness Award (NAPFA)
        128 words
      • Article
        Investment game on SBC
        82 2 A NEW TV game show to introduce laymen to the world of stocks and shares is set to make its debut over SBC 5 this Sunday. Risk Management Education Programme is an investment game in which players invest $1 million in various stocks and futures under
        82 words
      • Article
        Models of intelligent buildings
        83 2 INTELLIGENT BUILDINGS are coming to Singapore. Telecom Equipment, a subsidiary of Singapore Telecom, has started talks with owners and developers of several building projects under a plan to integrate telecommunication know-how and equipment currently available in Singapore to make them models of intelligent buildings. When implemented.
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
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      204 words
    • Advertisement
      Page 2 Advertisements Column 2
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Keppel House sold to Eu Yan Sang for $51m
      431 3  -  Deal includes sale of adjoining land By Elaine Koh KEPPEL HOUSE and its adjoining land, jointly owned by Straits Steamship Land (SSL) and Keppel Corporation, has been sold to Eu Van Sang Holdings for $51 million in the first major commercial
      431 words
    • Article, Illustration
      New business rises 21pc for Great Eastern
      361 3  -  By Quak Hiang Whai CORPORATE strategies which emphasised product innovation, human resource development and computerisation helped Great Eastern Life Assurance generate new business worth $6.9 billion last year. This new business was an increase of 21 per cent from 1989, GE Life, a
      361 words
    • Article
      Lock icon Developer Sri Hartamas broadening profit base
      258 3 NST PROPERTY developer Sri Hartamas Corp (SHC) will actively seek out manufacturing activities, possibly in wood-based and building materials. following the completion of its capital restructuring exercise in June or July. SHC is also considering going into the property holding business when it is
      NST  -  258 words
    • Article
      Electro Magnetic intends to retain listed status
      448 3  -  By William Chia FINANCIALLY troubled video-cassette maker Electro Magnetic (S) Ltd, which is currently under judicial management, intends to retain its listed status under any rescue scheme that will be proposed. This is because a listing status will enable LMS to command a
      448 words
    • Article
      Lock icon Guinness expected to commission new brewhouse this year
      318 3 Bernama GUINNESS ANCHOR Bhd is expected to commission its new lager beer facility at its Sungei Way brewery later this year, enabling it to start the transfer of anchor beer production to Sungei Way from Sungei Besi. says chairman PTJ Banner. He
      Bernama  -  318 words
    • Article
      L&M borrowings could be reduced by $16.4 m
      218 3 L&M GROUP Investment's one-for-two rights issue proposed last month will reduce its outstanding borrowings by about $16.4 million, to $47.06 million. The group said the balance of the funds from the rights issue will provide additional working capital for the continuing expansion
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    • COMPANY BRIEFS
      • Article
        LKN raises stake in subsidiary
        45 3 LIM KAH NGAM Limited informed the Stock Exchange of Singapore that it has increased its investment in its whollyowned subsidiary. LKN Development Pte Ltd. by an additional S3 million. The company's total investment in LKN Development stands at SX million.
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      • Article
        More audit committees formed
        154 3 JURONG ENGINEERING has announced that an audit committee was formed on F eb 12, 1990. and members of the committee are Messrs S Chandra Das. Chee Keng Soon and Yasushi Konii. Mr Chee was appointed chairman of the audit committee on Nov 2. 1990. SSANGYONG CEMENT
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      354 3 <*? The alternative. J t ANA HOTEL SINGAPORE 11,11 5... |i I t I t. II K, iv. I s 1.-i. > \l|S|\ j<v J|S j,| Managers must manage. BT shows you how every Monday. Our Recipe For Success Makes Perfect Scents. HflL* 5» |L 7 Blfl K S^mjP\; wk
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        FCL's price surge may be halted or reversed
        76 4 FLETCHER Challenge I id's statement on Friday that its 1990/91 net profit will he 10 per eent below the previous year's will halt, or reverse, a reeent surge in its share price, analysts polled by Reuters said. FCL, a key stoek for
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      • Article
        Wei Chuan in joint venture
        89 4 TAIWAN FOOD and beverage conglomerate Wei Chuan Foods Corp is to participate in a joint venture in Shanghai to produce powdered milk for babies. Wei Chuan is also planning to set up a monosodium glutamate plant in Guizhou. in China's south-eastern province of Guanxi. the
        89 words
      • Article
        Chung Wah suspends trading
        87 4 TRADING in the shares of Chung Wah Shipbuilding and Engineering (Holdings) Co Ltd was suspended yesterday morning at the request of the company pending an announcement, the Stock Exchange of Hongkong said in a Statement. The shipbuilding, machinery and civil engineering company ended three HK cents
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      • Article
        BHP hopes to mine in Vietnam
        106 4 THE BROKEN Hill Pty Co Ltd said it is seeking permission to mine an anthracite deposit in Vietnam. "We arc in the process of having talks with the Vietnam government to get permission," a spokesman for the Australian coal division of 100 per cent
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    • Article, Illustration
      Jakarta issues new rulings on share issues
      493 4 Guidelines cover offering procedures to disclosure requirements THE INDONESIAN Capilal Market Supervisory Agency has announced seven new rulings on public offering procedures, prospectus publication and full disclosure requirements to follow up the Finance Minister's stock market decree issued late last year. The rulings
      493 words
    • Article
      Dairy Farm denies buying into major Aussie food firm
      237 4 DAIRY Farm International has denied Australian press reports that it is acquiring shares in one of Australia's largest listed food manufacturing companies. Petersville Sleigh. Hongkong's Sunday Morning Post quoted Tim YVestinghouse. a company director. as saying: "We have no intention of
      237 words
    • Article
      HKSE urged to become non-profit body
      396 4 HONGKONG'S securities watchdog is urging the stock exchange to amend its constitution and declare itself non-profit-making, the Sunday Morning Post reported. The Securities and Futures Commission (SFC) has sent a directive to the exchange requesting the crucial amendment, the Hongkong newspaper said. It could
      396 words
    • Article
      Giordano to seek Hongkong listing
      299 4 GIORDANO GROUP, one of the largest chain store retailers in Hongkong, will seek a listing in Hongkong next month, the Sunday Morning Post reported. The flotation of the 10-year-old retailing giant is scheduled to take place at the end of May, or at the beginning
      299 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      113 4 Introducing The fIHHHHHIM Latest All-New jUP^ Fork-Lift Trucks m |H The Eyes... Hr I Ears, Nose, H|| Br fIV/l Hands, Feet, mf Backside And KB I Bottom Line. J| I The new Yale E Economically advanced operator module www m Petrol. LP-gas or diesel power M 1500 to 3000 kilogrammes
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    • Advertisement
      Page 4 Advertisements Column 2
      348 4 I Straits Steamship Land Limited I (Incorporated in the Republic of Singapore) H I NOTICE OF I I ANNUAL GENERAL MEETING I I ALL MEMBERS ARE CORDIALLY INVITED to attend the Annual General I Meeting of the Company which will be held in the Straits Room, I 10 Collyer Quay
      348 words
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  • Page 5 Advertisements
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      392 5 ||p__vH|HiM|i| BHBBMMMI9 H 'tfiCT I. >S ■S^- v »wML :^^M^i^^^^n— ngj f»T| IMr™ > t 3MMgg| r BZlfl < H^fl ..*tj^^^B »;y»>V y^^K_^BJy -W^>-^^B BjSit p!| I Jj|i^R?SWiwii^^l|MP i lE3I .w .^>' p^h "V r |J a v 1 El |S?f®S^V\V- B I 2«^^3& v W?*< t.''»'- > i >**y.
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon AT&T's bid to buy NCR looks like succeeding
      365 6 Exley wants guarantee of US$ 110 per share in value at close of offer Reuter NCR CORP chairman Charles Exley will recommend American Telephone Telegraph Co's US$llO (about SSI9S) per share acquisition offer to NCR's board if AT&T will assure NCR that
      Reuter  -  365 words
    • Article
      Lock icon Hotelier expects strong growth
      174 6 Reuter MOUNT CHARLOTTE In- j vestments pic, the biggest hotelier in London, said it expected to perform better in 1991 and resume strong growth next year. "Mount Charlotte's strong and well spread portfolio of UK hotels gives us confidence that we will make further progress in
      Reuter  -  174 words
    • Article
      Lock icon Pickens thinking of selling Koito stake: aide
      370 6 AP TEXAS FINANCIER T Boone Pickens is considering selling his stake in a Japanese car parts company that has rejected his efforts to gain a board of directors seat, a top Pickens aide said on Sunday. Mr Pickens, who owns 26.4 per cent
      AP  -  370 words
    • Article
      Lock icon Siemens Nixdorf in the red
      176 6 Reuter SIEMENS Nixdorf Informationssysteme AG (SNI) posted a group loss of 380 million marks (Ss3BB million) in the first six months of the financial year ending Sep 30, 1991, Siemens AG said in a statement. SNl's incoming orders fell 5 per cent to 5.7 billion
      Reuter  -  176 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      386 6 I JBlSO^^mH 'Mr Tang Wee Sung a( the Singapore Leprosy r Relief Association, one of the 42 charities supported by the Community C hest of Singapore I II has always been our corporate philosophy to help the needy whenever we can. So when we were approached in 1984 by the
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      Page 6 Advertisements Column 2
      333 6 Business Opportunities Abound ■ggjjsj jg r ItfEsSBBSS Microelectronics Malaysia'9l 23 26 July 1991 Putra World Trade Centre Kuala Lumpur Malaysia (Held concurrently with Internepcon/Semiconductor International Malaysia '91) The Ist presentation of the latest in electronic If you are an electronics manufacturer, supplier or components, sub-assemblies, parts, tools dies, distributor, Microelectronics
      333 words
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  • FINANCIAL NEWS
    • Article
      Lock icon Australia may tighten bank supervision
      370 7 Reuter THE RESERVE BANK said it is considering tightening supervision of Australian banks because of some failings in the existing system. "We have not been well served by our early warning systems on the extent of some bank problems in the past year," a Reserve
      Reuter  -  370 words
    • Article
      Lock icon Amex encounters stiff competition, more bad debts
      435 7 NYT AMERICAN EXPRESS Co, long a dominant force in the financial services industry, faces a series of challenges as new competition and more bad debts land on its corporate doorstep each day. The problems are multifaceted, from increasing numbers of customers who fail
      NYT  -  435 words
    • Article
      Lock icon China adopts policy of small, frequent devaluations of yuan
      223 7 Reuter A SENIOR Chinese ofTieial yesterday confirmed China's new policy of having small, more frequent devaluations of the currency. "The government is now adopting a policy of minor devaluations," said Zhang Zhongji, director of the General Statistical Department of National Economy,
      Reuter  -  223 words
    • SMALL CHANGE
      • Article
        Pakistan floats US$ certificates
        80 7 PAKISTAN'S central state bank has started selling US dollar bearer certificates of one-year maturity. Certificates of different denominations ranging between US$lOO and $100,000 will be available at all authorised banks, state bank officials said. Purchasers will not be asked the source of the funds and profits
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      • Article
        Amex plans Sumitomo tie-up
        70 7 AN AMERICAN Express Co spokeswoman said the company is discussing establishment of a joint credit card company in Japan with Sumitomo Bank group. She declined to disclose any details. The Japanese financial daily Nihon Keizai Shimbun said that Amex and the Sumitomo Bank group are expected
        70 words
      • Article
        NZ bank to cut lending rate
        71 7 NATIONAL Australia Bank (NZ) will cut its base lending rate to 14.5 per cent from 14.9 per cent, effective May 31. "Bank margins will continue to be squeezed and a further round of cuts to deposit rates is inevitable," the bank said in a
        71 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      62 7 jjjl^ SEI.F CONTAINED, 3 STOREY WAREHOUSE COMPLEX INCORPORATING 5-LEVEL OFFICES WITH EXCELLENT CONTAINER YARD Strategically located within the Jurong East Business Park Easy access to PIE AYE and Jurong East MRT Station Total lettable area of 175.000 sq.ft. with various sizes available Ready for occupation by end May 1991 For
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      Page 7 Advertisements Column 2
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      52 7 Pollars Nonsense 1 H-||! )®p 4- M (TIl i i |1 4 U±rc r w v v h —si a<sf i. lfa:fV 1L i i- Iy" "Son, we Billinghams have always made our careers in medicine, law or finance—that's why I want you to reconsider your plan to become a
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  • THE REGION
    • Article
      Incentives for frontier miners in Indonesia
      443 8 INDONESIA is offering fiscal incentives to mining investors in the country's frontier provinces. The Jakarta Post reported yesterday. The country's DirectorGeneral of Mines. Kosim Gandataruna. said fringe benefits, allowances other than salaries and wages which were given to employees. could be deducted from income
      443 words
    • Article
      Lock icon ADB offers loan to upgrade Philippine bourses
      252 8 MBT THE MANILA-BASED Asian Development Bank (ADB) has offered a USS4OO million (SS7OB million) loan to finance the computerisa--1 tion and expansion of the Philippine stock market trading. But the bank has imposed one condition: that the rival Manila and Makati stock exchanges
      MBT  -  252 words
    • Article
      Lock icon Americans fail in bid to deny GSP perks for M'sian plywood
      377 8 Bernama AN ATTEMPT by three American importers to block Malaysian plywood from receiving preferential treatment failed when the US government recently rejected their petition for review. The three companies, which are leading importers of Indonesian plywood, said that the
      Bernama  -  377 words
  • Page 8 Advertisements
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      370 8 «**is■» <«* 1 id". jj' 1 j I j 'mi. iii i' 'ii Nowadays, home computers are really cheap. That is, until you America's leading corporate computer manufacturer and winner of many start putting together the whole package of features above. Then, you'd distinguished awards including the Byte Magazine Award
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      Page 8 Advertisements Column 2
      69 8 WHAT DISTINGUISHES FRONT RUNNERS FROM THE TAIL ENDERS SU<TABU FOR UNLEADED PETHOL AUDI 80 2.0E AUTO Connoisseurs of cars choose the fuel-injected Audi 80 2.0E Auto for its unbeatable German engineering. They appreciate and understand what goes into the making of a truly great car. The knowledge sets them apart.
      69 words
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  • THE WORLD
    • Article
      Lock icon IMF likely to oppose rate cuts
      557 9 Battle against inflation not over, says top official Reuter THE International Monetary Fund is set to side with Germany against the US in Washington's drive for lower world interest rates to spur global economic growth. A senior IMF official has warned of the dangers
      Reuter  -  557 words
    • Article
      Lock icon Alarm raised over Soviet economy
      229 9 AFP THE SOVIET economy is collapsing in a dangerous downward spiral that could have dire consequences for reform-minded Eastern European nations, the International Monetary Fund says. "The collapse has started" in the Soviet Union, where the GNP shrank by 8 per cent in the first
      AFP  -  229 words
    • WORLD WATCH
      • Article
        Emergency provisions removed
        73 9 TAIWAN'S National Assembly yesterday abrogated 43-year-old emergency wartime provisions, thus paving the way for a return to constitutional rule on the island. The assembly passed a third reading of a motion to scrap the provisions, the pillar of authoritarian rule by the ruling Kuomintang in Taiwan. The
        73 words
      • Article
        S Korean mission in Australia
        75 9 A SOUTH KOREAN business delegation is touring Australia with an emphasis on expanding links with Australia's resource projects. The mission, including representatives from South Korea's seven largest companies, is on a two-week tour sponsored by the government-funded Austrade. Although South Korea is Australia's third largest
        75 words
      • Article
        No role for Burmese parties
        76 9 BURMA'S current political parties are totally incapable of governing without causing nationwide disruption, the ruling military junta claimed in a broadcast on Rangoon television last Sunday. Major-General Tin U, the army chief of staff, said there was no political party capable of taking control, forcing
        76 words
      • Article
        Poland signs debt deal
        72 9 POLAND signed a landmark 50 per cent debt-reduction agreement with the Paris Club of Western government creditors last Sunday. Under the agreement, the 17 Western creditor-governments pledged to reduce Poland's official debt of US$35 billion (5562.3 billion) by 30 per cent over the next three years
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    • Article
      Lock icon China's economic growth still lacking a sound base
      347 9 AFP INDUSTRIAL production in China showed a marked upswing in the first three months of this year, although the growth base remained far from steady, a State Statistical Bureau spokesman said yesterday. Retail sales and the country's trade surplus also rose in
      AFP  -  347 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
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      Page 9 Advertisements Column 2
      275 9 g PHILIPS The Power Of Philips CD-ROM Technology. Now, Integrated With PC Netwoildng. f 1 p— i— r P3370/386-33 P3360/386-25 P*****X P323BAT Philips didn't stop at the invention of the compact disc in 1979. We moved on to develop CD-ROM technology, paving the way for the perfect electronic publishing medium.
      275 words
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  • Article
    More to a sea than islands
    516 10 EDITORIAL THE problem was hype. Children writing to him hoping for a new age in SovietJapanese relations; magnificent talk about trade booming around the Sea of Japan; a general feeling of euphoria given the success of German unification: all these made the territorial dispute
    516 words
  • WHAT THE OTHERS SAY
    • Article
      Role of GPCs
      204 10 GPCs are doing a more than creditable job. raising the general standards of debate in Parliament and making many useful policy suggestions. Now, however, some GPC members and MPs are suggesting that GPCs should evolve into bipartisan parliamentary committees, which, like the congressional committees in the US
      204 words
    • Article
      Asia-Pacific security
      162 10 FOR the third time, Mikhail Gorbachev has presented his vision of the post Cold War Asia-Pacific security arrangement. Speaking to the Japanese Parliament, he called upon five major players the US, Japan, China, India and his country to initiate a security conference like that of Europe's. But Asia
      162 words
    • Article
      Steep fee hike
      134 10 THE government should continue to shoulder the responsibility of subsidising tertiary education until the NUS and NTI establish their own development funds. Many developed countries in the West have been burdened by free tertiary education for their citizens. However, our government is still in a position to
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  • REGIONAL VIEWPOINTS
    • Article
      Calculating the risks
      194 10 BRINKMANSHIP is an almost inevitable part of the last stage of any set of tough negotiations, and so it is proving with the talks with the mainland on Hongkong's proposed new airport. Although many may find it incredible, there is now a serious risk that the Chek
      194 words
    • Article
      Worth consideration
      153 10 WASHINGTON is already working to reduce prineipal on loans issued by private financial institutions to Latin American countries. The matter of relief concerning government loans will he the topic of bilateral negotiations now being planned. The US is also intending to soon enter talks with Mexico on the
      153 words
    • Article
      Equity participation
      153 10 ONE of the major stumbling blocks plaguing the official privatisation programme during the administration of former prime minister Chatichai Choonhavan stemmed from stiff resistance by state enterprise labour unions. But such labour opposition may have become a thing ol the past now that the current regime has succeeded
      153 words
  • Article, Illustration
    Lock icon Europeans fading out of computer market
    1166 10  -  The future looks rather bleak for Europe's eomputer manufacturers. Analysts say the industry needs a favourable environment and intelligent help from the state in order to regain the lead lost to the Americans and Japanese. Steven Greenhouse reports Steven Greenhouse NYT EUROPE'S computer makers,
    NYT  -  1,166 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      218 10 [1 4i* f Jr C \J 'L, -M ut*« ?>. fccf A > *7, utf J,W Jyj. -V v^Sl I I f #"?:»*> A I r lan S° Seafood Cockta/I I Scallops P's as vegetables f served mh Herbs Sea coconut )ce cream seas °nal vegetables popped with Strawberry Sauce
      218 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      28 10 POONESBURY BY GARRY TRUDEAU &GA&UF6' WHATAP£ nePOOCRS OU6U. BAPO6PTHAN POl NG COOL,MAN THEY \mmn mScOmemT I I OXWN'T EMMYOU, I'LcdE. EW H&E'I SAIPICaiU?6O I ftCONSTRUCTtVWKNtt ANP I B
      28 words
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  • ANALYSIS
    • Article
      Lock icon Little carrots do not make a rich, healthy broth
      938 11 Employee share-ownership is spreading on botn sides of the Atlantic. But it has done little for outside shareholders The Economist EVER since God hired Adam to do his gardening, workers have done what they can get away with, not what they
      The Economist  -  938 words
    • Article, Illustration
      Fortified trust
      1295 11  -  Harish Mehta reports on the security arrangements of the region, with emphasis on the Five Power Defence Arrangement, which enters its third decade this year and provides a valuable psychological boost to its partners Harish Mehta THE Five Power Defence Arrangement (FPDA) turns 20 this year, it is
      1,295 words
    • Article
      Lock icon Getting practical about education
      505 11 More Japanese high school graduates are opting for vocational studies instead of pursuing a college degree Asahi News Service VOCATIONAL schools are becoming increasingly popular among Japanese high school graduates as an acceptable alternative to college. In the past, most high-school graduates who went to vocational
      Asahi News Service  -  505 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      149 11 MI) uni-l>all s A MITSUBISHI PENCIL CO., LTD. JAPAN What We Have Done M To Give You These \w// Fine Liners J^ \> Step 1: H dflfc First we make their metal ball tips /IM 4% highly durable to acquire instant fw 9m 'Ij writing jm !m Should any one
      149 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      192 12 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE A "Heavenly" Feast Sumptuous Sichuan cuisine. Rich piping hot steamboat. Lunch: 11.30 a.m. t02.30p.m. Delicate Yangzhou Dianxin. Dinner: 6.30 p.m. to 10.30 p.m. If A MKMBKR OK COL lIOTKLS ■V. IX >111 .mm ah
      192 words
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      Page 12 Advertisements Column 2
      354 12 w DIANXIN TEMPTATIONS Continuing the parade of culinary gems incomparable Ruyi offers a fine selection of Dian Xin. From our creative A la Carte menu, treat yourself to all the Oan Xin you can enjoy for $16.80+ per person Open daily from 11:30 am 2 30pm for lunch, and 6:3opm
      354 words
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      Page 12 Advertisements Column 3
      331 12 Specially for you this Secretaries' Week 22-26 April •\r. J y >. 4 (J reat your secretary to a QLMHjRK" sumptuous set lunch at $30 per person at Seafood Theatre Restaurant. Delight her with wßkgjML, a complimentary drink, door gifts, lucky draw plus fashion show Make your reservations today Early
      331 words
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      Page 12 Advertisements Column 4
      281 12 SECRETARY OUTWITS BOSS Secretaries' Week Lunch April 22 27 Noon 2.30 pm (Guests to be seated by 12.30 pm) ITZT S3B per person Secretary —32— G/Zandaftri (D (jfumpcrf h Ik tnitM d iiirn, Orchard Road Smj*x>re 092? Td *****11 "jum. a ilinak' surprises* await your Secretary A sumptuous lunch with
      281 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      817 12 TELEVISION AND RADIO r 1 5.25 Best Friends (Children). 6.00 News(M). diiciijccc ON PAmn I w w 4- SBCI2 5.30 Drak Pack (Cartoon) 6.30 With The Quran. BUSlNfcoo UW MAUIU I U/| 1 U iPM I Wl lIKX V,Y V 5.55 Wimpoie Village (Children). 6.45 Religious programme. -1- TT V/
      817 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Polanski and Cannes
      1193 13  -  Joan Dupont listens to Polish film director Roman Polanski's impressions of the Cannes he first saw and the festival today Joan Dupont IHT ROMAN Polanski has been going to the Cannes festival since his days as a scruffy student from the Lodz Film School, but he docs
      IHT  -  1,193 words
    • Article
      Lock icon New home sought for pharaonic treasures
      535 13 Reuter KING Tut's golden chariots survived more than three millennia in the pharaoh's tomb but they are losing the battle against the ravages of the 20th century. Until American archaeologist Howard Carter discovered them in 1923, the chariots remained untouched in Tutankhamun's tomb at
      Reuter  -  535 words
    • Article
      Birthday celebrations for Queen Elizabeth II
      444 13 CHATTERBOX QUEEN ELIZABETH II celebrated her 65th birthday quietly on Sunday, with a trip to church and a family gathering at Windsor Castle. At the end of the service, attended by about 100 people, the organist played "Happy Birthday to You." Next year, Britain's
      444 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      300 13 AND ENTERTAIN A SECRETARIAL TREAT APRIL 22 TO 26, 1991 Treat your secretary to a superb lunch to show your thanks for all her assistance during Secretaries' Week. J*- ""V Set Lunch: S$ /<V. 50 Per Person (JUL; H»N* f Teppariyaki Special: S$ •/0.00 Per Person (?)nll Buffet Lunch: S$
      300 words
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      Page 13 Advertisements Column 2
      202 13 \-V '.-'I g^ QSESil^if from 22nd 1 v V i %ss%rT MARINA BAY GOLF COUNTRY CUM 6 Marin. Green. SiWOft 0101 For re«erv«tiom ple«<eclJl;*22t-m t JUST HER TYPE &C^^^^26^ C i II Show your secretary your appreciation with a memorable lunch treat at Hotel New Otani: Deliver a message of
      202 words
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  • INNOVATION & TECHNOLOGY 1
    • Article, Illustration
      The weapon to win the spreadsheet war
      703 14  -  IT MATTERS The spreadsheet market is crowded and competition is hotting up. Aggressive pricing is the favoured strategy. But feisty challenger Borland's offer of low pnces and high service is a tricky combination, observes Kenneth James. Kenneth James WITH yestcrday's grandstand introduction of
      703 words
    • Article
      Making a molehill out of a mountain of junk
      299 15  -  By J Jean Wee TAKING advantage of the current green consciousness, a company is selling waste compacters which are suitable for use in confined areas. VIA Technologies waste compacters, costing between $2,000 and $15,000 each, guarantee they will make molehills out
      299 words
    • TECH TAKES
      • Article
        Andersen Consulting's resource library
        93 15 ANDERSEN Consulting's Training Technology Centre (TT Centre) resource library has an extensive list of Applied Learning International's learning materials ranging from com-puter-related topics to supervisory and management subjects. It was set up with the help of Singapore Computer Systems, the sole distributor of Applied Learning materials
        93 words
      • Article
        MAS upgrades Data Centre
        92 15 MALAYSIAN Airline System (MAS) is automating its Data Centre with software from local systems house Computer Systems Advisers (CSA). MAS will use the automated system operations software package Operations Productivity System which runs on IBM's OPS/MVS mainframe to automate its data centre's console and system operations
        92 words
      • Article
        New semicon is light sensitive
        89 15 US RESEARCHERS have discovered a new class of semiconductors which could potentially convert sunlight into electrical or chemical energy, according to a scientist from the Los Alamos National Laboratories. Speaking at the annual convention of the American Chemical Society in Atlanta, one scientist said the
        89 words
    • Article
      Lock icon Laser blasts turn carbon into film of diamond
      328 15 Reuter Anew process that uses powerful bursts of laser light can transform ordinary carbon into a flawless thin film of diamond, researchers report in Washington. North Carolina State University scientist Jagdish Narayan said the new laser process occurs so quickly that it
      Reuter  -  328 words
    • Article
      Lock icon Supercomputers — US builds, Japan uses
      165 15 Supercomputers US builds, Japan uses Reuter THE US is pulling ahead in the race to build the world's fastest computers but trails rival Japan in what may be a more vital sign of a nation's ability to compete putting supercomputers to use in industry. The US is home to about
      Reuter  -  165 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      216 14 Coopers Lybrand Professional Education Information System Security Control and Audit N N Input I Output I Krror I Krror I —*u —> i B;»—Tjta 1 i I Fn>Ud I wk Ajf Outage I S_—J Horse I Diddling I V r —v I Asynchronous I VVorm I Attack I Information System
      216 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      136 15 a L O A L FUND FINANCIAL $ENSE CONTEST We are pleased to announce that almost 2000 people visited the Global Fund Management '91 Conference and Exhibition. We take this opportunity to thank everyone involved for making this event a success. Here are the lucky winners of the FINANCIAL $ENSE
      136 words
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      Page 15 Advertisements Column 2
      246 15 luiirrn nniior i id FOR SALEh H/xcellent < Invesment fi! Opportunity For Investors/ Own,, Occupy v/rfiM Quality Office Accommodation Ist Floor Suitable for Showroom Enbloc or Strata Sale Close to Somerset and Dhoby Ghaut Vacant Possession Possible MRT Station Prime Location in Orchard Road For Ca P iul Vicinity Apprec.at.on
      246 words
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  • SPORTS
    • Article, Illustration
      Close encounter on a dangerous field
      596 16  -  THE Carder POLO Nirmal Ghosh watches as Royal Johor beats traditional rival Royal Pahang on wet, slippery ground Nirmal Ghosh THE king of games has been blessed with a suitably elitist sponsor in Singapore. Les must de Cartier's first stab at polo in Singapore
      596 words
    • Article
      Lock icon Seles wins US$7O,OOO at Houston
      304 16 UPI MONICA SELES, the world's top women's player, defeated second seed Mary Joe Fernandez. 6-4, 6-3. on Sunday to capture the U*****,000 (*****.000) Virginia Slims of Houston. The 17-year-old Yugoslav, who now lives in Sarasota. Florida, captured the US$7O,OOO first prize and is the leading
      UPI  -  304 words
    • Article
      Lock icon Smooth cruise to victory for Nicklaus at Seniors event
      338 16 AP JACK NICKLAUS won the PGA Seniors Championship at Palm Beach Gardens. Florida, last Sunday by six strokes. It wasn't that close. It wasn't a surprise. "Just what I expected." Lee Trevino said. "That's what happens when the best player in
      AP  -  338 words
    • SIDE LINES
      • Article, Illustration
        Fifth seed crashes out of the first round
        80 16 FIFTH SEED Scott Davis of the United States bowed out of the first round of the Epson Singapore Super Tennis championship at Kallang when he lost 1-6, 6-4. 6-3 to Holland's Jacco Eltingh. Other results of yesterday's matches (at press time): Jim
        80 words
      • Article
        S Africa out of Cricket Cup
        85 16 AN AGREEMENT to form a non-racial South African cricket authority was made too late for the country to compete in the 1992 World Cricket Cup. New Zealand cricket chairman Peter McDermott said in Auckland yesterday: "We are too far down the track in our
        85 words
      • Article
        Carl Lewis' team beaten
        77 16 MICHAEL JOHNSON, world number one over 200 metres last year, ran a blazing anchor leg to lead his team to an upset win over Carl Lewis's Santa Monica track club in a 4x200 metres relay in Walnut. California, on Sunday. At the same meet. Kevin Young
        77 words
      • Article
        Mota wins London Marathon
        61 16 ROSA MOTA took the women's title in the London Marathon on Sunday. Larrieu Smith, the 38-year-old American who finished second last year, was second again. Mota's winning time of 2 hours 26 minutes 14 seconds was the second fastest of the year. Onl> Poland's Wanda Panfil.
        61 words
      • Article
        Rainey defends grand prix title
        55 16 DEFENDING world champion Wayne Rainev took the lead early on Sunday and cruised to his third successive United States Grand Prix victory for 500 cc motorcycles at Laguna Seca Raceway in Monterey. California. Rainey won the 35-lap. 123.69-km event with a 6.974-second win over Honda
        55 words
      • Article
        Jahangir faces Jansher again
        49 16 SQUASH LEGEND Jahangir Khan faced arch-rival and world champion Jansher Khan in his attempt for a 10th successive British Open title in London yesterday. Jahangir beat Rodney Martin 9-5. 9-2. 9-7, while Jansher beat Chris Dittmar 9-10. 9-1. 9-6, 9-2 to qualify for the finals.
        49 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      152 16 I I By the time you read this headline, the new HP LaserJet mSi will have printed the ad. No we're not overclaiming, a printing speed of complex pages per minute :*Ju, > new HP LaserJet fastest the It's plus volume paper handling two 500 page interfaces, that makes the
      152 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      STI index finishes at eight-month high
      5004 17  -  By Shoeb Kagda DESPITE weaker bourses overseas, the Straits Times Industrials Index edged up 1.99 points to elose at 1,532.08 yesterday, its highest level in more than eight months. The broader market, however, remained sluggish, with 165 losers compared to 77 gainers. After falling
      5,004 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4143 18 Main Board NatSteel 1040 +45 4.5% C&C 550 20 VK% NalSieel Wt 324 +18 5.9% UOB Foreign 685 +15 +2.2% Jurcrng Eng 50* 380 f 12 +3.3% SSE Foreign 274 H2 4.6% Fas 50* 665 HO +1.5% UOB 660 +10 +1.5% Metro Hldgs 640 HO
    4,143 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market finishes weaker but off day's low
      4197 19 Bemama SHARE PRICES on the Kuala Lumpur stock market closed lower yesterday in thin trading, with investors sidelined by the laek of" clear leads. late bargain hunting, however, helped prices to finish off the day's lows. The KLSE Composite Index fell 3.34 points
      Bemama  -  4,197 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      178 19 BUSINES S T- I M E I I.EPHONE: 730-5771/5772/5773 FAX: 734-498 TIMES PERIODICALS Publisher of some of Singapore's best-selling magazines requires an S for ensuring a high standard of design and visual journalism and will work closely with all departments at every stage of the production of the Company's magazines
      178 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      214 20 Company Ditt Ycir Group Hot Not earnings Gross ann to profit/loss (L) per sMare dividend ('000) (conts) out Apr 17 Dec 90 *****3(59 149) 20 2(7 4) 16(11) DBS Apr 12 Dec 90 $286 348(5250 338) 60 4(5? 8a) 16( 14 5a) Pnma Apr 12 Dec 90 526
      214 words
    • Article
      PRELIMINARY RESULTS
      872 20 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Perhs Plant Apr 15 Dec 90 M$204.043($156.667) 52.1(40 5) 16(16) Jurong Eng Apr 12 Dec 90 $4.424($3.673L) 15 7(—) 15(7 5) MMC Apr 12 Jan 91 M$80 866($120.476) 11.2(162) 50(70) Asia
      872 words
    • Article
      INTERIM RESULTS
      287 20 Company Date Half-year Group pro-tax Interim ana to profit/loss (L) dividend (000) Times Pub Apr 19 Feb 91 $25.132(518 904 4(4) Antah Wdgs Apr 10 Dec 90 MU8.075(114.587) Kump Emas Apr 5 Jan 91 M*5 333(MJ7 552) 2(2) Rashid Hussain Apr 2 No* 90 M$21.004(S10.862) Seal Inc Mar
      287 words
    • Article
      CORPORATE DEVELOPMENTS
      352 20 Apr 22 MBf Holdings has stgned a sales and purchase agreement with the receivers of Beachcomber Sdn Bhd. Coopers Lybrand. to acquire several pieces of land and a partially-completed 21S-room hotel for Msl7 3m (S$ 11.1 m). Apr 19 Dairy Farm International Holdings wholly owned subsidiary. Dairy Farm
      352 words
    • Article
      DIVIDENDS ANNOUNCED
      1517 20 Current Ex Mis Date Total for Total for payment date das* payaMo the yaar last yaar Acma SITE tun 5 lun 17 Jd 1 101 It Amtefc Eng 61TE0) Apt 11 Apr 17 Apt 26 61TE 121TE Amtio 5*TE feb 25 Mar 7 May 15 1251TE 251TE BAT
      1,517 words
    • Article
      APPROVED ISSUES
      198 20 Company Rights Issue (Xrtop Est Restricted issue of $88 514m nominal value of 101 Convertible Redeemable Unsecured Loan Stock (CULS) 1991/19% issued or the bass of $1 nominal amount of CULS tor every 3 ordinary shares of $1 each held at nominal value Ei-date Apr Books dose Apr
      198 words
    • Article
      PROPOSED ISSUES
      477 20 Company Rights Issue Mom One-tor two to, MSI00 per share issue of 40m Cumulative Redeemable Preterence Shares (CRPS) of MSO 10 each at MSI per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR for every 4 CRPS Baft on One for four
      477 words
    • Article
      BONDS, LOANS & WARRANTS
      844 20 BONDS, LOANS WARRANTS Company Cmmnht ported Convordoo torni tor ordinary ttaro CAC Wt Before 26 4 93 1 warrant plus $3 09 cash Caooway Low Caooway Nt 2/10/89 to 20 10/94 1 warrant plus $0 77 cash or 1 warrant plus SO 7 7 nominal amount of loan stock Own
      844 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      568 20 BUSINESS T_l_M_E_S__ TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 UQUOR UCENCE NOTICE NOTICE IS HEREBY GIVEN lha, l,Lim Am Chew of Blk 238 Jurong East St 21 #23-386, Singapore 2260, have applied for a Retail Liquor Shop licence in respect of premises at M/iHeng Trading at Blk 132 Jurong East
      568 words
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      Page 20 Advertisements Column 2
      10 20 someone^ fIUDKAX vWvl 3vuJ about Sngapore. &> Subscribe now Call 740-1840/1.
      10 words
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  • REGIONAL STOCK MARKETS
    • Taipei shares up 1.2pc, Manila down 4.lpc
      • Article
        SYDNEY
        207 22 AUSTRALIAN stocks yesterday ended a seven-day winning streak to close lower as weakness in offshore markets over the weekend sapped buyer confidence. The All Ordinaries Index closed at 1.511.7, down 7.9 points, on profit-tak-ing. "After such a good run, the negative performance of overseas markets has taken some of
        207 words
      • Article
        Untitled
        771 22 Australia Apr 22 A Cents VoK'OO) AC Minerals 61 -4 7384 ACM Gold 31 unch 2906 ANZ Bank 371 5 ***** Aberfoyle 410 unch 74 AdelStm 13 unch 6900 Advance Bank 530 unch 168 Alcan 158 3 27 Amcor 498 2 5617 Ampoi Ex 268 6 520 Argo 244 1
        771 words
      • Article
        BANGKOK
        837 22 BANGKOK stocks ended little changed yesterday as lower local interest rates and other positive domestic fundamen- tals offset sharp setbacks in major overseas markets, brokers said. The SET Index rose 0.77 point to 908.90 on a heavy 5.7 billion baht turnover. Bangkok Bank was unchanged at 381, Siam Cement
        837 words
      • Article
        MANILA
        507 22 MANILA share prices yesterday slid further amid growing concern over the implications of a Supreme Court ruling allowing the return of the late president Ferdinand Marcos' close associate into the board of San Miguel Corp. The Manila Stock Exchange Composite Index fell 4.1 per cent or 44.38 points to
        507 words
      • Article
        JAKARTA
        766 22 IN JAKARTA, after a week's holiday for Eid al Fitr, the stock market yesterday bounced back in heavy trading as a welcome surprise for returning brokers. "The market is very, very liquid," one broker said noting the tightness in re- cent weeks. "It's really encouraging. poi>ple can buy and
        766 words
      • Article
        SEOUL
        785 22 SEOUL stocks declined yesterday after moving in a wide range as a selling spree by nervous investors, still worried about the tight won liquidity, caused an immediate technical rebound in the af- ternoon session. The Composite Stock Index ended the day at 615.61, down 4.96 points from the previous
        785 words
      • Article
        TAIPEI
        385 22 TAIWAN'S share market yesterday closed at its highest level since last June 19. and brokers said prices would continue rising as optimism about the economy fuelled enthusiastic buying. Yesterday's release of data showing industrial production rose in March provided further confirmation of the economy's recovery from its sharp slowdown
        385 words
      • Article
        NEW ZEALAND
        81 22 IN WELLINGTON, a marking down of Fletcher Challenge and general softness on major overseas bourses took the New Zealand market lower at the close in quiet business yesterday. Brokers are looking to overseas markets for further direction this week, with no major domestic news expected. "We seem to
        81 words
      • Article
        INDICES & TURNOVER
        94 22 INDICES TURNOVER CkMT Pr*»»»us April 22 SYDNEY All Ordinaries Index 1.511.7 1.5196 -7.9 All Industrials Index 2.159.2 2.369.8 -106 All Resources Index 865 7 8713 -5.6 Turnover (million) 89.97 NA BANGKOK SET Index 908 90 908 08 0.77 Turnover (million baht) 5,700 6,279 -579 JAKARTA Composite Index 415.55 412.48 3.07
        94 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        395 22 In local cumrno In S$ In I S$ S da> S >ear S da* S >ear S da\ S tear Ape 14 Index change change change change change change World 416 .7 -04 16.4 -0.5 14.3 -1.5 12.0 tEAFE 544.8 -0.6 15.9 -I.I 11.6 -2
        395 words
  • Page 22 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article, Illustration
      Lock icon All eyes on the US economy
      893 23  -  THE SANG^KANCIL By David Gabriel Using technical methods, the Sang Kancil weekly report tracks the profit/loss position of a $50.(MH) deposit, leveraged up to 10 times, lor trading in a portfolio of deutschemarks. yen, sterling. Swiss francs, .\ikkei Stixk Index Futures and Euro-yen futures.
      Ctarts by TeleTrac  -  893 words
    • Article
      US$ higher in bullish Tokyo trading
      411 23 ASIA THE US DOLLAR closed higher against most major currencies in Tokyo yesterday on widespread speculation that the US is unlikely to ease credit soon, dealers said. The deutschemark was under selling pressure due to the defeat of Germany's Christian Democrats in a state
      411 words
    • Article
      FINANCIAL FUTURES
      1233 23 SIMEX EUHOOOUAH Open High Low Sett Est Vol Op/lnt Vol Jun 91 93.63 9163 9162 9162 3600 ***** 7973 Sep 91 93.29 93.30 93.28 93.29 2300 9814 7079 Dec 91 92.78 92 80 92.78 92.79 900 9799 3246 Mar 92 92.57 92.58B 92.56 92.56 300 5087 1138 Jun
      1,233 words
    • Article
      INTERBANK FOREX RATES
      396 23 Crass rates USS S$ MS Dm Yen SFr \S NZS IJSS 1 7850 2.7585 1.7470 138 90 0.5836 1.4752 1.2953 1.7036 S$ 0.5602 1.5454 0.9787 0.7782 0.3269 0.8264 0.7257 0.9544 MS 0.3625 64.71 ***** 0 5035 0.2116 0.5348 0.4696 0 6176 Dm 0.5724 1.0218 1.5790 79.51 0.3341
      396 words
    • Article
      MONEY MARKET
      575 23 Interbank rates SS Bid Offer Overnight 3 1/2 3 3/4 !-month 4 3/4 4 7/8 2-month 4 13/16 4 15/16 Vmonth 4 13/16 4 15/16 Overnight mode: 5-1/4 I S$ Bid Offer 7 days 6 1/8 6 1/4 1 month 6 1/8 6 1/4 2 months 6 1/8
      575 words
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  • COMMODITIES
    • Article
      Lock icon Japanese firms seek alternatives to Mideast naphtha
      425 24 Reuter THE Gulf War has taught Japanese petrochemieal firms the need to wean themselves off Middle Eastern naphtha, a major oil product used in making plastics, and they are looking for alternatives, industry sources said. "Since the Gulf crisis we have sought to
      Reuter  -  425 words
    • Article
      Lock icon Demand for Malaysian tin seen dropping by 1.9pc
      233 24 Bernama DEMAND for tin in Malaysia will drop by 1.9 per cent in 1991 because of the deceleration in world economic activity, says associate professor Mohammad Haji Alias of the Economics Statistics Department of Universiti Kebangsaan Malaysia. Writing in Options, a journal
      Bernama  -  233 words
    • Article
      KL tin closes higher on some shortcovering
      858 24 REPORTS THE PRICE of tin rose four sen to M$ 14.90 per kg on some shortcovering on the Kuala Lumpur Tin Market yesterday. Dealers said the London Metal Exchange was up by US$l5 last Friday as the US dollar firmed against the ringgit
      858 words
  • Article
    PRICES
    1473 24 Rubber Apr 22 HAS (fat talw) S cents/kg Noon Close Inl I RSS Prompt I42.25/I43.25N 142.50/143 SON Int I RSS May 91 144 75/145.25 145 00/145 50 Int I RSS Jun 146.50/147 00 146 75/147.25 Int 2 RSS OP 142 00/144 00N 142 00/I4400N Int 3 RSS OP 137
    1,473 words
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      301 24 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 m. w Straits Steamship iSJ Land Limited incorporated in the Republic o* Singapore) To REGISTERED HOLDERS OF WARRANTS, ISSUED IN CONJUNCTION WITH THE *****,000,000 1.5% UNSECURED LOAN STOCK 1989/1994, TO SUBSCRIBE FOR SHARES IN STRAITS STEAMSHIP LAND LIMITED ("THE WARRANTS") SUSPENSION OF SUBSCRIPTION OF
      301 words
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      Page 24 Advertisements Column 2
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1148 25 City Flight ETA Flight ETD City Flight ETA Flight ETD Abu Dhabi GA893 1235 GA974 GA886 0005 0010 Kuala Lumpur MH601 MH640 0120 0805 MH602 SQI02 4L A 0700 0730 0740 0830 Adelaide SQ228 2000 QF82 2200 MH630 SQ103 0855 0950 SQ104 Amsterdam GA893 KL837 SQ23
    1,148 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Take a trip on the unicorn trail
      832 25  -  POSTCARD FROM ASSAM By Nirmal Ghosh For those who have given up hope of ever seeing a Javan or Sumatran rhino in the wild, why not try an Indian rhino? The Great Onehorned Indian Rhinoceros is the only truly one-horned land mammal, and
      832 words
    • Article
      MONEY CHANGER RATES
      159 25 As at 3pm yesterday: liKal dollars to one unit of foreign curreno C urrencics Bid Offer Australian dollar 1.36$ 1.385 Canadian dollar 1.522 1.543 N'Z dollar 1032 \M1 Sterling pound 3.033 3.053 US dollar 1.7760 1.7860 I >uoil dollars to KM) units of foreign current) Austrian schilling
      159 words
    • Article
      WORLD TRADE EXHIBITIONS
      61 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel April International Florence. SOGESF Sp.A ******»">2I April 2*- International I ondon The Building *****6-1951 20-May I Handicraft Italy N1a > 2 [)r,nk Trades air Exhibition Fxhibition Ltd April International Frankfurt. Mcs*e Frankfurt 4*i*****4> Ma> 8-11 Computer'91 Hongkong
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      42 25 Vaasa matter? Don't you know that Finnair flies to 16 countries in Europe? With a superb twice-weekly service from Singapore to Helsinki and then on to everywhere from Vaasa to Vienna. Call *****77 for details. V»' know Kuaupe fvum stiut U> Finnish
      42 words
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      Page 25 Advertisements Column 2
      159 25 BANKING, FINANCE INSURANCE 1991 A Business Times Special Supplement The theme for this year's supplement is "Focus: Asia", reflecting the growing economic and financial muscle of Asia as well as its importance as one of the world's fastest growing markets. Target date for publication is May 30. Among the topics
      159 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      277 25 across n ——b ——r ——mm —g ——p p p~~ I Sounds like a genuine con(6) 4 Dog has lost its tail will r get it back! (8) 9 Several kinds of birds (6) M 10 Chips for computers? (X) 12 It may run out in time (4) 12 13 Discovered
      277 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      236 25 Singapore Outlook: Showers o»er a few areas in the early morning Forecast: Maximum temperature 31.9X7 Assoc humidity 66% i Minimum temperature 24.8* C Assoc humidity 89% Hours of sunshine 1.40 Rainfall in mm Nil Rainfall this month 101.1 Rainv davs this month 9 World forecast Asia-Pacific Hi/lit* Cond. Auckland 18/lW
      236 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      18 25 b>\T€>RlV...it's Myou don;r fx-r's a fYmTreje Op\ V J=( UF£ OR PERTH....) (jj^T" EVENING STANOARO CO. LTD. 1962-1991
      18 words
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  • Article, Illustration
    Taiwan keen on tapping S'pore's regional ties
    347 26  -  Singapore-Taiwan Business Forum By Claire Leow rAIWANESE businesses could gain a firmer foothold in the region by setting up companies in Singapore and ride on Singapore's bilateral ties, such as those cultivated through the Growth Triangle concept. They would do well to tap
    347 words
  • Article
    Taiwan group may set up OHQ
    346 26  -  By Lee Han Shih TAIWAN'S huge Pacific Electric Wire and Cable (PEWC) group, the half owner of the Tropicana redevelopment project. is considering making Singapore its operational headquarters (OHQ). Yesterday, Mr David T Sun. a director of PEWC, told BT that the PEWC group
    346 words
  • Article
    Apec working towards removing intra-group barriers
    317 26  -  From Catherine Ong in HONGKONG THE Asia-Pacific Economic Cooperation (Apec) forum is looking at a Gatt-style strategy of bringing down trade barriers among its members without discriminating against non-members. Australia's Minister for Foreign Affairs and Trade. Senator Gareth Evans, said Apec had just started
    317 words
  • Article
    Lock icon Saddam may offer Kurds autonomy to get sanctions lifted
    246 26 Reuter IRAQI President Saddam Hussein appears to be close to making an autonomy deal with Kurdish rebels geared at prompting the United Nations to lift crushing economic sanctions, I he limes of London said. The newspaper quoted Kurdish sources as saying
    Reuter  -  246 words
  • Article
    Lock icon S'pore set to retain top GDP spot among 36 countries
    246 26 AP THAILAND, South Korea and Taiwan arc expected to register the Third World's highest economic growth rates during the next Five years, hut Singapore will continue to have the highest per capita gross domestic product among 36 countries surveyed, says
    AP  -  246 words
  • Article, Illustration
    A new job for an old watchdog
    734 26  -  The Bottom Line CHUANG PECK MING CHUANG PECK MING The writer is a BT correspondent WHAT DOES April bring to mind? April Fool's Day. And Cheng Ming. when the Chinese visit their ancestors' graves to pay their respects. But the National Wages Council?
    734 words
  • Article
    Lock icon Mulroney reshuffles Cabinet
    112 26 Reuter PRIME MINISTER Brian Mulroney of Canada, threatened by growing pressure for French-speaking Quebec's independence and shrinking public support, has shuffled senior ministers in a major Cabinet overhaul. The most significant changes included the creation of a Cabinet "unity" committee and the appointment of former prime minister
    Reuter  -  112 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      646 26 _0L Baume Mercier GENEVE 1830 JOINT CIDB-REDAS-IREM CERTIFICATE IN LEASING AND REDAS MANAGEMENT OF OFFICE BUILDINGS iREM AND SHOPPING CENTRES rhe Construction Industry Development Board (CIDB) and Real Lstate Developers' Association of Smgajjore (Kl DAS) in collaboration with the Institute of Real Estate Management (IRI M) from the United States
      646 words
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      Page 26 Advertisements Column 2
      206 26 JIL Baume Mercier GENEVE 1830 I Audit Committee I A workshop for company directors Most Singapore listed companies would by now have an audit committee. Some H committees have been functioning for a year, some have yet to commence operation. This Workshop is designed to help company directors perform their
      206 words
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  • Shipping Times
    • Article
      Australia to improve air space management
      376 27  -  Up to 2,000 jobs will he lost in shake-up From Florence Chong In SYDNEY AUSTRALIA is to introduce new air space management procedures which will tinalh bring the country in line with the rest of the world. The plan unveiled late last week would
      376 words
    • Article
      Mitsui, K-Line looking into joint intra-Asian feeder services
      386 27  -  By Rahita Elias JAPANESE megacarriers, Mitsui OSK Line (MOL) and "K" Line, will further strengthen ties by joining forces on the intra-Asian trade. The two lines, which already plan to launch a joint Transpacific service in early June, yesterday announced that they
      386 words
    • Article, Illustration
      Marine hull insurance still unprofitable: official
      562 27  -  By Magdalene Phang THE marine hull insurance continues to be unprofitable despite rising premium rates. In an interview with BT, Vlr Tony Nunn, chairman of the ocean hull committee of the Swiss-based International Union of Marine Insurance (IUMI). said that as rates are already
      562 words
    • NEWS SUMMARY
    • Article
      Lock icon Gulf Air faces tough times ahead
      294 27 Reuter THE chairman of Gulf Air. hit hard by the crisis caused by Iraq's invasion of Kuwait, said the carrier lost 36 million dinars (SSI62 million) in 1990 and faced tough times for the next three years. The chairman. Youssef Shirawi. on Sunday said
      Reuter  -  294 words
    • Article
      Lock icon Japanese boat fired on by unidentified ship
      240 27 AP SAILORS from an unidentified ship fired warning shots and then searched a Japanese fishing boat last Sunday in international waters near disputed islets in the East China Sea. the Maritime Safety Agency said. It was the third time this month that sailors
      AP  -  240 words
    • Article
      Lock icon Plan to extend present HK airport practical: official
      247 27 Reuter A HONGKONG legislator said on Sunday that a proposal to extend the lite ot the British colony's overworked airport was a practical option to controversial plans for a new one. Legislative councillor Martin Lee said extending the existing Kai Tak airport
      Reuter  -  247 words
    • LOG BOOK
      • Article
        Tanker owners' group to hold AGM next month
        59 28 I UK International Association of Independent Tanker Owners (Intertanko) will hold its Annual General Meeting in Hamburg, Germany, between May 8 and 10. Topics to be discussed at the meeting include future energy supplies, the Tinted States Oil Pollution Act, the tanker
        59 words
      • Article
        Chung Wah shares suspended
        77 28 I RADING in the shares of Chung Wah Shipbuilding and Engineering (Holdings) Co Ltd was suspended yesterday at the request of the company pending an announcement, the Stock Exchange of Hongkong said. The shipbuilding, mahinery and civil engineering company ended HKSO.O3 higher at HKSO.7B (550.17) on
        77 words
      • Article
        P&O launches 'super-ferry'
        83 28 BRITAIN'S largest shipping line, the P&O, has launched a new 20,000-tonne "super-ferry" that it hopes will enable it to meet competition from the forthcoming cross-channel tunnel, a company spokesman said on Saturday. P&O (Peninsular and Oriental Steam Navigation Company) is investing £200 million (Ss6lB million) in new
        83 words
      • Article
        Aussies searching for survivors
        78 28 I HE BULK ore carrier Mineral Diamond is presumed sunk and the search efforts are concentrating on possible survivors among its crew of 27, officials said in Canberra yesteru ty. The 140,000 tonne Hongkong-registered vessel with an hulian crew was last reported battling huge seas whipped
        78 words
      • Article
        Stolt gets US$ 175m credit
        39 28 STOLT Tankers and Terminals (Holdings) has tapped the United States credit market for US$l75 million (Ss3o9 million) through private placement. The company reported earnings of US$lB million for the quarter ended Feb 28, 1991.
        39 words
      • Article
        10-ro vessel heading for Kiel
        45 28 HE FINNISH-REGISTERED ro-ro vessel Canopus is leading for Kiel, in Germany, to carry out repairs after touching the bottom on April 17, Lloyds Shipping Intelligence reported. The 6,565-dwt vessel was bound from Rau;;m, Finland, to Felixstowe, England, when it touched.
        45 words
      • Article
        31 killed in bus crash
        66 28 AT LEAST 31 people were killed when two buses crashed off a bridge in Bangladesh yesterday, officials said. More :han 100 people were injured in the accident, which oc--11 i red near the town of Dhamrai north of the capital, Dhaka, as one bus tried
        66 words
    • Article
      DAILY FREIGHTS
      921 28 HARTERING in the dry cargo freight market on Thursday was supported by talk the Soviets had fixed one trans-Atlantic vessel, which was later confirmed, and 'Acre looking for more ships, broker •> said. The booking was made by the Soviet grain purchasing agency I \portkhleb for a 50,000
      921 words
    • Article, Illustration
      Lock icon Search for long-lost Columbus ships nearing its goal
      1052 28  -  A painstaking search for two of explorer Christopher Columbus' ships has pinpointed archaeologists to a bay on Jamaica's northern coast. Robert Glass reports Robert Glass AP Archaeologists believe they may soon find the 500-year-old remains of two ships Christopher Columbus and his
      AP  -  1,052 words
    • Article
      TRANSPORT DIARY
      974 28 April 25-30: 46th International Federation Air Line Pilots-Asso-ciations (Ifalpa) annual conference. hosted by Air Line Pilots Association Singapore, Raffles City Convention Centre, Westin Hotels. April 29-30: Seminar on Interna- tional Trade Practice Commercial. Operations and l Financial Aspects, organised by i Facs World Pte Ltd at Carlton Hotel.
      974 words
    • Article
      THE SHIPPING GUIDE
      9021 36 I his 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
      9,021 words
    • Article
      SHIPPING AGENTS
      3490 41 A L m.H( onlainerline NV: Bclsin Shpg Agencies Pte I.til (SyMarine Handling Sdn Bhd (PK/PN) Accord (.roup: Accord Shpg Ptc I id (SyAccord C'ontr Line (PK/PN). Adkris Business C orporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Semite: Kim Shpg Trdg (S) Albatros Sea-Air Service: Frata
      3,490 words
    • Article
      COURIER SERVICES
      257 41 \bu us Couriers Tel 545-8011 Fax *****98 Air Ktpms I ravel Tel: 533-5771. Fa*: *****44 Airborne Freight Corporation Tel: 542-8844 Fa*: *****16. *****80 Air* Worldwide Courier Tel: 278-0188 Fa*: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fa*: *****75. City-link International Tel 344-3377. Fa*: *****50. luster link Stpplin
      257 words
    • Article
      AIR FORWARDERS
      1549 41 Abe* Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel 225-1833 Fax: *****42. Activair Singapore Tel 542-7822. Fa*: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel 542-5911. Fax: *****18. Air Cargo Novo Express Tel 542-5454 Fax *****06 Air Express International Tel 542-7666 Fax *****74. *****50. Air
      1,549 words
    • Article
      PORT CONDITIONS
      2944 42 ARGENTINA Nan ixMvn/o: Port full. S vessels berthed loading various commodities, mainly grain by-products; 5 vessels anchored in roads awaiting berths of which 3 to load by-products. 2 grain Rosario: Three vessels in port of which 1 loading sugar. I pelletised meal. I grain; I vessel berthed in
      2,944 words
    • Article
      AIR FREIGHT SCHEDULE
      454 42 ARRIVALS m I Op Might Type ETA T From 39 3 TODAY TODAY NCA KZ203 B747F 0145 1 NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B707F 0150 1 SEL FDX FM22 DCIOF 0335 TYE/NRT/ANC JAL JL6I7 B747F 0345 1 NRT NCA KZ204 B747F 0335 BKK/NRT
      454 words
    • Article
      CRUISE & FERRY SCHEDULES
      229 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Nit of V«»rt ETA FTP Ports of Calls Port Age* APRIL 23 23 Royal Viking Sea 0900 2359 Sin-Bangkok-Sin Barwil Agencies 23 23 Cora Princess 1000 1800 Jakarta-Sin-Jakarta Sembawang Johnson 25 25 Ocean Pearl 0700 1300 Penang-Sin-Penang Reefer Lines 27 27 Cora Princess
      229 words
    • Article
      SHIP SALES & TANKER RATES
      515 42 SHIP SALES TANKER RATES VESSELS SOLD FOR FURTHER TRADING Tankers The Anunis: 155.505 dwt and built 1977. sold to Nigerian interests for around U5517.5 to US$l9 million. The Sea Silkroad: 60,875 dwt and built 1980. sold to US interests for around US$lB.6 million. The Haukanger 29,912 dwt and built 1982.
      515 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        661 43 Vessel Vov No Berth Arrival Departure Vessel Voy No Berth Armal Departwe Keppd Wharves 8etlu 91/3 K29 2304/0800 Cs Ocean 72 K34 atongs.de 24 04/0700 Goto Future 10W K30 22 04/1700 Kota iaya E 89b K31 26 04/1500 Li Heng 91/3 K32 alor«stoe 2204/1630 Sea Princess 5109
        661 words
      • Article
        CONTAINER SCHEDULE
        1283 43 >j m FCL CONTAINERS AND LCL CARGO Ship Voy No Etb/Btr tecord Booiung/Baianc Period From To Rsfts From Anro Melbour ***** 23/1500 22/1500 22/1659 22/1900 Anso n *****N 24/0700 23/0659 23/1159 23/0900 23/1400 B Butang 065 24/2100 3 23/0700 JJfll 4 23/1200 23/1700 B Dahlia 105 24/0900 23/0700
        1,283 words
      • Article
        IN MALAYSIAN PORTS
        235 43 Pttiam Port Berth in Buttenmrth on Apri 23: 1: Victory; 2: Hock Hai Lee; 3: Bangluang, Santos. 4: mi. 5. ml, 6 Saadaya Penang Wharf: NB ml. CB; ml; SB Union Pearl BCT: Bl: Yang Cheng Hu. Bll Kapitan Kadeckq. I/B ml VOTP: ml. (hie on Apri
        235 words
    • Article, Illustration
      Lock icon Volkswagen buys majority stake in Czech car maker
      534 44 NYT RESOLVING an eleventhhour dispute, Volkswagen AG has closed what appears to be the biggest Western investment deal in Eastern Europe by buying a majority share in Skoda, the Czechoslovak car maker. The deal, first announced last December, contains several ground-breaking provisions
      NYT  -  534 words
    • Article
      Lock icon Harley-Davidson earnings fall 62.6 pc
      158 44 HarleyDavidson earnings fall 62.6 pc UPI HARLEY-DAVIDSON Inc reported first-quarter earnings were US$4.5 million (557.9 million), or 25 US cents a share, down 62.6 per cent from earnings of US$l2.l million, or 68 US cents a share, a year ago. Sales were U*****.2 million, down from U*****.6 million. The earnings-per-share
      UPI  -  158 words
    • Article
      Lock icon Rocket carrying a satellite falls out of control
      330 44 AP THE upper stage of an Atlas rocket carry ing a satellite for a Japanese broadcasting company tumbled out of control shortly after liftoff on Thursday. launch officials at Cape Canaveral, Florida, said. The problem occurred just after the Centaur upper stage
      AP  -  330 words
    • Article, Illustration
      Lock icon Northwest Airlines to fly charters to Vietnam
      220 44 UPI NORTHWEST Airlines said on Friday that it would become the first American carrier to fly to Vietnam since the Vietnam War ended, and planned to begin a charter service there in June. The airline has signed a contract with the International Office
      UPI  -  220 words
    • Article
      Lock icon Most of oil spilled off Genoa recovered, says port official
      304 44 AP ROUGH SEAS on Sunday slowed but did not stop the efforts of boat crews trying to clean up oil spilled from a sunken supertanker, Genoa port officials said. "We will continue to work even though it is not possible
      AP  -  304 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      96 27 It could be a controversial deal between two stock \j market stars, a thought-provoking report by f Xjj university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section
      96 words
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      Page 27 Advertisements Column 2
      175 27 SSWEE HENG KETAI CO PTE LTD 13, HJA3AVE M. SINGAPORE 2»1 TEIEX R3 ***** SMMC PI TEL: 861 TELEFAX: a«t 2MB Vk. F\Xlr«ng«o» s<ll JtCtMTft* lilts KuMlt from 1 I.MJJ y<±all lllrl /flail I IwJ Illi 1 EMcHc k>un ll||l 11 tiff LmM iill I Bird //nud^HL rorqu* SimtitroCK. MAUtVA
      175 words
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      Page 28 Advertisements Column 1
      94 28 FOR BITS AND BYTE $>- Geared lo keep the busy business executive abreast of new technologies he can exploit to full advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local
      94 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      2430 29 JAROINE SHIPPING AGENCIES Cjiitoninenl Road #12 05 Southpoint. itx 0208 All If# tlllim hrminai r«i *****18 220 fIR I^BAAftfl V l BOOKINGS Tel J2002J4 258 L \yM# M PESAKA JAROINE SHIPPING AGENCIES SON BHD *> RI m MMIIS lEUX NO MA***** MAM/OI PfNANG TEL *****4 lEIEX NO MA***** CfS TEL
      2,430 words
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      Page 29 Advertisements Column 2
      923 29 HDEX TMDVERTISERS I'itjjc < <»' I'aijr Col a Macoiino 4/5 Macrsk Lino 4/5 AHC'Containeiiinc 12 I \IISC 14 1-3 \ccord Ciroup 8 1-3 »MsiaShpg(orp 1/Mbalros Sea-Air 14 3 Mercury Line 12 2 Allied-Link Ift 4/5 «VH)I. 18 4/5 API. 5 3-5 MOSK (Forest) 5 5 \Pt l ine 13 4
      923 words
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      Page 29 Advertisements Column 3
      2255 29 ■E3im™ SINGAPORE TO HONGKONG IN 4 DAYS ETO SINGAPORE IST MAY. 1991 MCKINNEY MAERSK VOYAGE 9102 ETA HONGKONG 4TH MAY. 1991 I Vw*ol Voy EfA ffD 'Po»t 'Pwiang I w DESTINATIONS I hi* Loo'S M*'s* 9*04 Fettle' by 24 4 M p»rto HHHHH CFS ?%4 1900 MRS OAK LGB MOU
      2,255 words
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      Page 30 Advertisements Column 1
      1398 30 I I J ROTTfcUAM VOY NO SPORE SOUTHAMPTON HAMBURG ANTWERP it HAVW HANNOVEHtXPRESS o<> 3lt> ,'l4 11 S I KATtiUHAGI ÜbMlb 2t> 4 16 5 14/5 13 5 IHAMES 05/316 Lt>4 14 5 16 5 19*5 JO i 1. All WESTBOUND P LA SEINE ***** 5 23/5 215 20/5 KELANG
      1,398 words
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      Page 30 Advertisements Column 2
      613 30 t&MzMzMi KM DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT I J BONTANG ?103£ ?8 4 IVS 18/S 23/5 ALSO ACCEPTING CARGO VIA SUVA TO lAUTOKA PAGO PAGO APIA NUKUALOAIA DIRECT CHILE SERVICE SIN 100 ANT VAC CLX SAI (Pf RU| L J BONTANG ?to3f <>8 4 tvb 7 6
      613 words
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      Page 30 Advertisements Column 3
      1239 30 raEmm&sMM mxsm REGULAR INDEPENDENT FULL CONTAINER SERVICE WE&T66UND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA ROT) ALG) ARABIAN SEA 10#W 03/05 03/05 24/05 28/05 29/05 30*05 31/05 01/06 0206 NORASIA SUN 9109 3 06/05 26/05 27/05 31/05 01-06 02/06 03/06 04/06 OSjO6 NORASIA
      1,239 words
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      Page 31 Advertisements Column 1
      2026 31 —jgSteamers Maritime Holdings Ltd W4 P&O I prwf STRAITS shipping| TOk Containers Vol No *Pw; Phi Spoie kin Sou Ant Rot Hbg ACCEPTS DUE SAILS it OA MAtRSK 1106 JOO4 2?04 .'404 0905 1205 11/05 IStft CARGO KOwIOON BAY 0516 »04 2204 2704 !40"> 1605 1J,05 STRAITS STAR VO9E Skan
      2,026 words
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      Page 31 Advertisements Column 2
      2045 31 TO- II 8 A/PANAMA PM- U-S.A /PANAMA NfC N0« S*V C»l ICS OA* SP W> OAK l&B CHI fOB SAW M 0« NYC C HO*ANC fROHTIM "A 111 27/3 »l M *J J "J |J£ BNtMfN SCNAIOR IF 11/ Irfi ZM W M 14* IM IM 'MR OAKLAND *A 114
      2,045 words
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      Page 31 Advertisements Column 3
      365 31 BHfflH J SARAWAK/ SABAH/ JAPAN SERVICE LOADING FOR NAHA OSAKA AND TOKYO M.V. ASIAN CLIPPER Vl3l ETA KUCHING 29/4/91 ETA KK 1/5/91 ETA SAOAKAN 3/5/91 ETA NAHA 9/5/91 ETA OSAKA 13/5/91 ETA TOKYO 15/5/91 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG TAIWAN A CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA
      365 words
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      681 32 isms CR NBR **********0-D EXPRESS SEMI-CONTAINERSNIP SERVICE TO EUROPE VSIVOY I S PORE ROAM ADAM H BURC BRfMfN ANTWERP KUTAI22WB ifi W 19 Uli FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sut>|*ct to Inducamaflt. At«o accepting cargo to Casablanca. Port Said. Port Alaiandria Ganoa. Trlaata ALSO ACCEPTINC BOTH CONTAINERS. CONVENTIONAL CARGO
      681 words
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      Page 32 Advertisements Column 2
      1068 32 iM, HANJIN SHIPPING rr [u U M oo\i rr. fEEDER VSL W1 LINE HAUL LAX OAK THMruAr nata. u HANJIN OAKLAND 01IE 254 H ROTTERDA* 0141 20 5 235 V-, n 74 c c HANJIN ROTTERDAM H4E 291 DIRECI 20 523 5 HANJIN CHLJU O°W» 115 '0 'i It HANJIN
      1,068 words
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      Page 32 Advertisements Column 3
      1417 32 IPKI SGP HKG KSC RIG PUS MM O&K NGr SHU TYO LAX CHS BAL NYC LHV ANN ROM THP HBC PSO CUB PKL SGP I E GOIDEN RE 010 '4 1 /5.< »'4 2 5 IS V 5 IS 10,5 US 12/S U/S 24/S it 7* M 11/6 1M 20*
      1,417 words
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      Page 33 Advertisements Column 1
      2020 33 J> NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) jPj BOOKINGS: JTjf UK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INOIA/PAK SERVICE-*****18 FAR EAST SERVICE *****48 MM B TERMINAL OFFICE *****22 DOCUMENTATION OEPT: *****44/*****14 ■ntfH CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 nK NEPUNE SDN BHD MALAYSIA K.L.-(OO) *****33,
      2,020 words
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      Page 33 Advertisements Column 2
      1105 33 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND vtsstts vot |sm |mla hug vot |sm |pkl hbg bhv til »m ant
      1,105 words
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      Page 34 Advertisements Column 1
      1512 34 K 4 "VT W* AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) mm TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 I MJ MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD JL TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 kawasaki kisen kaisha ltd Indonesia: p.t. sarana laut internusa tel.
      1,512 words
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      Page 34 Advertisements Column 2
      1242 34 \gm PHIU-ORICNT UN€S PT€ LTD 108 ROBINSON ROAD #0/ 00 GMG BUILDING SINGAPORE 0106 TEL *****22 *****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 2^P^MONTREA^nAS^ORONT^^^^^ 26 APR DUBAI. DAMMAN, SHARJAH, DOHA, VANCOUVER, S'WESTERN
      1,242 words
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      Page 35 Advertisements Column 1
      1687 35 PACIFIC INTERNATIONAL LINES (PTE) LTD M mMI PIL Building, 140 Cecil Street Singapore 0106. I Jakarta I I Bangkok VESSEL VOV SIN JKT SIN VESSEL VOY SIN BKK SIN E rit N 17 1 29/4 3/5 7/5 PEGAGUS PROGRESS 664N 24/4 27/4 1/5 RUMrA TFRATAI 173 30/4 2/5 5/5 MA
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      Page 35 Advertisements Column 2
      802 35 r BEN LINE CONTAINERS LTD > 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLANO UK GERMANY/SCAN SWEDEN Bunga Permai >- 118 23/4 10/5 t_l/5 13/5 14/5 Toyama'
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      Page 35 Advertisements Column 3
      360 35 HKS ASIA CONTAINER SERVICE I S pore B fcofc Pegasus Progress V664N 24 Apr 26-27 Apr Ingenuity VI3ON 27-28 Apr 30-1 May Pegasus Process V665N 12 May 4-5 May Ingenuity VI3IN 4-5 May 8-9 May General Agents: Tel: *****22 Ben Line Agencies (S) Pte Ltd Fax *****63 \i (National Carrier
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      Page 35 Advertisements Column 4
      633 35 Mgk MYANMA FIVE STAR UNE v (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg MYITKYINA V427W 25 26 Apr HPA AN VI62W 22(27 Apr PAGAN VI69W 30 2 May MYOMAYWA VI3SW 4/7 May 30/3 May THE BANK UNE (A service of Andrew Weir Shipping) SEMI-CONTAINER
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      Page 38 Advertisements Column 1
      727 38 TO AUSTRALIA/NEW ZEALAND fvsi En If rem Meib ]s»d TaJc* TnPE Tp CHALM MARTHA II 759 SI VI US 155 «5 22)5 24 5 [LLEN MUDIG 270 ST 21 i HS 29,5 ib 6 6 BftUSSEL m~ 2*5 4 6 10 6 14 6 19 6 21,6 23 6 C
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      Page 38 Advertisements Column 2
      978 38 EXPORTS TO HONGKONG. TAIWAN JAPAN "TWICE WEEKLY' MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNG JKT HKG KAO KEE TVO SM2 NCO KOB [vfsSEi VOY SIN PKL PNG BLW SIN ~TSK CHORUS 1M *20 4 4 24 4 4 3 5 V 5 4 5 55~ ICEBIRD 2A 24 4
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      Page 38 Advertisements Column 3
      198 38 P.T. UNITED SHIPPING "S" ORGANISATION LTD OIHt CT RKCIJMR BVK f S X JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA SURABAYA W X Accept carfwi to all other Indonesian porta X with traaahlpnent at Jaharta or Surabaya. DESTINATION ETA ETD VSL JAKARTA 25/4 26,4 P SUMATERA 30 4 1 5
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      Page 38 Advertisements Column 4
      1767 38 rfegj ust. S CHINA OCEAN SHIPPING COMPANY W$T ,0.0. hmc BUILDINC FULL CONTAINER LINER SERVICE -g #15-00. SINGAPORE 020/ f* x »"J' CR NO **********0 M CABLE COSTARLINE General Agents: COSTAR SHIPPING PTE LTD TO HONGKONG AND CHINA ™OM HONG KONG AND CHINA VESSEL VP* SCP HKC SHA XIN HPU
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      Page 39 Advertisements Column 1
      1036 39 VKC CONVENTION At HIVICI Vcsml PKI PNG P C loading tor A VESSEL ?8,04 Rotterdam Antwerp china nm contain** »khvic» Vessel SCP PKL BKK HKC QIN SHA YANGfANGKOU 149 01,5 21(4 07 S 12,S 16 5 YANGfANGKOU ISI 01,S 0/6 12 4 16 6 Also accept ng jttier ctiinese ports
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      Page 39 Advertisements Column 2
      344 39 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) rC\ ETHIOPIAN SHIPPWfi LINES y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESS€L I VOY iIA ILOADING SPORE AOBAY WONZ 2«*B 18*05 DAHCSSAI AAM MB ASA DJIBOUTI A 9' AB MASSACVA
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      Page 39 Advertisements Column 3
      718 39 maTSTMSTSS? P. 7. PUL INTERNATIONAL LINE FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY 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
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      Page 39 Advertisements Column 4
      907 39 a SYDNEY/MELBOURNE BANGKOK «s«i voy spowi syo it [vtsstt voy siwgapqwe mwckok PIAHtTA ?'3/5 1* WS W 22/S SIRI BHUM# 411N Tue 23/4 Fri 26/4 PIYA BHUM 0704 14 15/5 27 29/5 31 2» NANA BHUM#* lON Hon 22/4 Thur 25/4 r 1 11 1 0,W ?il< ISl7< W-a,t JENLINK
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      Page 40 Advertisements Column 1
      1636 40 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINKKISED MONTHLY SAILINGS DISCHARGING AT NKW PLYMOUTH PORT CHALMKRS ACTKPTINC; H I. LCI. FOR AUCKLAND. NAPIKR. WELLINGTON. BLUFK. CIIRISTCHURCH. DUNKDIN. LYTTKLTON. INVKKCAKGIL, FIJI ANI) TAHITI SIN N Pl* AUCK LYT MAHSURI 0594 23 Apr 4 Mi, Via NPI May
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      Page 40 Advertisements Column 2
      688 40 /ZT] THONG SOON LINES PTE. LTD. //^NLr I 77 ROBINSON ROAD #15 00. #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11. *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****55 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA I SINGAPORE TO SABAH "vessel vot
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      Page 40 Advertisements Column 3
      328 40 INTRODUCING OUR NEW CONSOL TO CALCUTTA a j= tTJT CHITTAGONG ALSO CONSOLS TO: BANGKOK j EUROPEAN PORTS ""JJI HONG KONG (AND CHINA) SERVICE JAKARTA KOPER (YUGOSLAVIA) 2 SAILINGS PER MONTH AUCKLAND "N COLOMBO (AND INDIAN 3 SUB-CONTINENT) SAILINGS DUBAI (AND MIDDLE PER MONTH EASTERN PORTS) I PORT LOUIS AND DURBAN
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      Page 43 Advertisements Column 1
      215 43 BANKING, FINANCE AND INSURANCE 1991 A Business Times Special Supplement The theme for this year's supplement is "Focus: Asia", reflecting the growing economic and financial muscle of Asia as well as its importance as one of the world's fastest growing markets. Target date for publication is May 30. Among the
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      305 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 **********00 **********00 ******************** *****100 2200 2300 JR 1.5 16 18 2.0 2 3 2.5 26 25 23 19 1.5 12 09 08 0.7 08 1.1 14 1.7 20 21 20 19 1.7
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      Page 44 Advertisements Column 1
      727 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST FEEDER VOY PKE JHR SIN LINE HAUL VOY LBH OAK SE* LINE HAUL VOY TCM SEA PTL WAN HAI 203 012 21/04 23/04 24/04 H EXPLORER 25E 20/05 23/05 26/06 TOWER
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      Page 44 Advertisements Column 2
      613 44 ICHARTPOINT Every Saturday in Business Times I i |FM<l«r from [v£ I PNC I PAL |Mo«t.«* V«»< sitT IST OaT MOu" OAL Cm NO* *€5" NyT OUR USA J AAA BHUM V 500N "H" *7" ALLIGATOR PRIDE 70* TTT 20?" 215 21 *****2 5 22 5 ITT SERVICE CALLS AHA
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