The Business Times, 24 April 1991

Microfilm: NL17476
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    9 1 BusinessTimes MCI (P) 16/12/90 Wednesday, April 24, 1991 75*
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  • NEWS SUMMARY
    • Article
      British current account deficit doubles to £432m
      43 1 BRITAIN'S current account balance of payments deficit last month was almost double what it was in February. Official figures released yesterday showed the deficit widened to million (SSI.3 billion) in March against £227 million in February.
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    • Article
      Thailand and Vietnam agree to hold summit
      53 1 THAILAND and Vietnam have agreed in principle to hold their first summit talks since 1978. said senior Thai officials in Bangkok yesterday. Both countries have also agreed to set up a joint economic commission, the first such bilateral body since the Vietnam war
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    • Article
      Jotun opens new plant
      34 1 NORWAY-BASED paint company Jotun NOF (S) has officially opened its new $12 million factory, which will increase its local production capacity threefold to 13.5 million litres a year Page 2
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    • Article
      Gateway through UK
      30 1 THE TIME is right for Singapore companies to seek investment opportunities in the UK which can serve as a gateway to the European Community market Page 2
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    • Article
      ADB sees bottlenecks
      32 1 CAPACITY bottlenecks and slower world trade will dampen growth in South-east Asia, but Taiwan and Hongkong will post stronger performances this year, says the Asian Development Bank Page 8
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    • Article
      Perak wooing Europe
      25 1 THE PERAK government has embarked on an intensive programme to woo European investors to participate in its fast-expanding industrialisation projects Page 8
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    • Article
      Competition for aid
      29 1 ECONOMIC and political changes in Eastern Europe and the Soviet Union are leading to increased global competition for foreign aid. says an Indonesian minister. Page 9
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    • Article
      Top capital exporter
      29 1 GERMANY is not only one of the world's leading merchandise exporters but also among the top exporters of capital, according to a Bundesbank report Page 9
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    • Article
      Repair outlook good
      33 1 THE OUTLOOK for the world shiprepair industry in the 1990s is generally positive as it has shed many of its fixed overhead costs, says a study. Shipping Times Page I
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  • MARKETS SUMMAY
    • Article
      Dow higher
      41 1 WALL STREET stocks moved higher in early trading yesterday. though the session was clouded by uncertainty over the direction of interest rates. The Dow Jones average of 30 industrials rose 12.38 to 2.940.10 in the first hour of trading.
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    • Article
      Footsie higher
      30 1 SHARES were higher on London's stock exchange at midday yesterday. At 1108 GMT, the FTSE 100-share index was up 16.0 points at 2,506.8. Volume was 337.3 million shares.
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    • Article
      Surplus for MRT
      36 1 SINGAPORE MRT made an operating surplus of $69.4 million last year, marking the first time that it is able to fully provide for asset replacement under an agreement with the MRTC Page 3
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    • Article
      Talk of GFW sellout
      28 1 AN AUSTRALIAN stockbroker's report has raised the possibility of Goodman Fielder Wattie Ltd selling its controlling interest in Cold Storage Holdings Ltd Page 3
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    • Article
      Bond for Raja Garuda
      33 1 CS FIRST Boston (Singapore) Ltd has arranged a USS6O million (SSIO6 million) convertible bond on attractive terms for the pulp mill of Indonesian conglomerate Raja Garuda Mas Page 6
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    • Article, Illustration
      STOCK INDICES
      32 1 Tuesday Change BT-MGA 742.48 -1.17 Kuala Lumpur ...588.38 -3.78 Tokyo 26.491 26 +254.56 Hongkong 3.569.64 -12.85 Sydney 1.510.5 -2 4 Monday Change New York 2928 -38 London 2490.8 -29 3
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    • Article
      CURRENCIES
      23 1 Exchange rates USS SSI.7780 100 Yen SS 1.2847 MS 30.6441 Money market rates Overnight 4 5/8% fl 1/8 3-month 4 3/4% -1/16
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    • Article
      COMMODITIES
      38 1 London Gold AM tlx US$356.«X> USS0.65 Rubber S'porc May 144.50«/kg -0.50 M'sia May 225.50*/kg unch KL Tin Turnover 55 tonnes -30 Spot MS 14.93 /kg +0.03 Crude palm oil Turnover. 1.334 lots -234 May MS783 /tonne -7
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  • Article
    Plan to give new life to upper Orchard Road
    510 1  -  Hotel projects worth more than I b in the pipeline By C K Tan MORE THAN Si billion is being invested in hotel projects that should bring the Tanglin Road and upper Orchard Road area back into the mainstream of Singapore's
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  • Article, Illustration
    Time to take stock for NTUC
    83 1 Mr Urn: possibility of an N I'UC bank being set up AN ANNIVERSARY is a time to reflect and look ahead which is what the National Trades Union Congress is doing as it marks its 30th anniversary this year. Among other things, the labour
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  • Article
    Lock icon Booming Singapore venture capital firms eye Asean
    465 1 Reuter SINGAPORE'S fast-growing venture capital industry, wooing fledgling entrepreneurs with cash, is eyeing nourishing South-east Asia as it finds the home market too small, industry officials say. Tan keng Boon, managing director of SEAVI Venture Management Pte Ltd. said: "Though it has a
    Reuter  -  465 words
  • Article
    Indonesia's Lippo is buyer of 75pc LET Pacific stake
    361 1  -  By William Chia THE INDONESIAN Lippo group is acquiring a 75 per cent stake in Hongkong-listed LET Pacific which partly owns the SSI4O million Pacific Plaza project at Scotts Road in Singapore. The Hongkong Standard reported yesterday that the Lippo group
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  • Article
    Lock icon US durable goods orders fall
    260 1 Reuter ORDERS for durable goods, i a key barometer of America s j manufacturing sector. I plunged a surprising 6.2 per cent in March, as demand declined tor nearly every maj jor industry's products, the US Commerce Department said yesterday. I he steep March decline,
    Reuter  -  260 words
  • Article
    Business travellers give Singapore the thumbs-up
    355 1  -  By Dexter Lee SINGAPORE'S international airport, national airline and five-star hotels are big favourites among business travellers. according io the latest Kuronumey survey on travel facilities around the world. In turn, these facilities have helped make Singapore one of three most favoured cities for
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  • Article
    Lock icon S'pore mission in Fiji to expand trade
    139 1 AFP A DELEGATION of leading Singapore traders arrived in Suva on Tuesday to negotiate new South Pacific island markets for products including textiles, liquor, hotel supplies and jewellery', officials said. Loh Heng-Kee. mission adviser for the Singapore Trade Development Board, which is sponsoring
    AFP  -  139 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      202 1 -r- W j Aircraft Schedule 25 Money Market 23 World News 9 Commodities 24 Regional Co News 4 Cryptic Crossword 25 Regional News 8 Editorial 10 Regional Stock Markets 21 For market indices, editorial Financial News 6 SES 16.17 advertising and circulation enFutures Options 23 Share Information 18 tensions, call
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    • Advertisement
      Page 1 Advertisements Column 2
      3 1 Analysis, Pg 11
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    • Advertisement
      Page 1 Advertisements Column 3
      40 1 t s. K y i I 1 I FANTASY WATERBEDS j flt Showroom: 15 Enggor Slreet #01-03 Raally Centre £j§|g M Singapore 0207 Tel: *****55 Fax *****54 Jj ■KolfHl J I— CREATION! Always A Prestige To Own jf jl^B KM
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        $1.6b withdrawn under CPF investment scheme
        76 2 MORE THAN 89,000 members withdrew a net total of close to Si.6 billion by the end of March this year under the CPI Investment Scheme, the Central Provident Fund Board announced yesterday. This represents an increase of about 6.5 per cent on the end-1990
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      • Article
        Soviet technology on display
        65 2 A MAJOR exhibition of Soviet machinery and technolog> opens at the World Trade Centre today. Over 250 companies from 12 industrial ministries in the Soviet Union are putting up exhibits. Among the over 4.000 items on display are tractors, machinery, medical equipment, defence-related equipment, models of
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      • Article
        Computer firm invests $3.5m
        54 2 STRATUS Computer (S). a supplier of fault tolerant computers for on-line transaction processing applications, is investing more than 53.5 million in a regional marketing and supporting centre in Singapore, the company announced yesterday. T he investment includes a customer assistance centre and a planned regional education
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      • Article
        SAF team to join Unikom
        33 2 A TEAM of seven SAF officers leaves today to join a United Nations Iraq-Kuwait Observation Mission in response to a request from the UN to the Singapore government.
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      • Article
        JCCI donations and awards
        45 2 THE Japanese Chamber of Commerce Industry (JCCI). Singapore, presented donations and awards worth S3 iO.OOO at the official launch of its JCCI Singapore Foundation yesterday. The Foundation was set up last May to assist in Singapore's cultural, sports and academic development.
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    • Article
      Jotun's new factory will boost output three-fold
      358 2  -  Company teams up with Japanese paint maker By Michelle Low NORWAY-BASH!) paint company Jotun NOP (Singapore's new Si 2 million factory will increase the firm's local production capacity three-fold to 13.5 million litres per year. At its official opening yesterday. Jotun's Par Hast
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    • Article
      WordStar sees Window of opportunity
      182 2  -  By Jean Wee US-BASED WordStar has launched a three-pronged attack to grab a bigger chunk of the word-processing market. The new Writing l\x)ls Division of the word processing software supplier has moved into the writing aid market with Correct (irammar for Windows, an aid to
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    • Article
      UK: Investor's gateway to Europe
      337 2  -  By Lilian Ang THE TIME is right for Singapore companies to seek investment opportunities in the United Kingdom which can serve as a gateway to the European Community market. This was the recurrent theme of a seminar yesterday on "Investment in the UK". The half-day
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    • Article, Illustration
      Contractors urged to pool experience
      277 2 CONTRACTORS eyeing the budding retrofitting market, estimated to be worth over $700 million this year, should ptx)l their experience to avoid repeating each other's mistakes, said the Minister of National Development S Dhanabalan yesterday. Mr Dhanabalan was speaking at the official opening of the refurbished
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    • Article
      Colliers Jardine comes into being
      276 2 THE MERGER of Jardine Pacific's property services operations in Hongkong. Singapore. Taiwan and Thailand and the Australia-based Colliers International became effective yesterday when Colliers Jardine Holdings declared its offer for Colliers unconditional. Colliers Jardine is 50 per cent owned by Jardine Pacific. the trading and
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      133 2 By the time you read this headline, the new HP LaserJet UlSi will have printed the ad. n, jiiiiiM^^No we're not overclaiming, a v printing speed new HP LaserJet fastest the high volume paper handling I capacity (with two 500 page network interfaces, that makes the HP LaserJet LQSi simply
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      SMRT's $69m surplus makes it self-sufficient
      347 3  -  By Dexter Lee SINGAPORE MKT made an operating surplus of $69.4 million last year, marking the first time that it is able to fully provide for asset replaeement under an agreement with the Mass Rapid Transit Corporation. Its success in meeting the required $67.74
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    • Article
      General Lumber aiming for diversity
      239 3 GENERAL LUMBER (Holdings) Bhd, which started a rebuilding exercise in 1987, is aiming for some diversity to protect itself from severe swings in the fortunes of certain sectors. Chairman Wan Azmi Wan Hamzah, however, said that, in aiming for this, the company would try not
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    • Article
      Heshe to go upmarket with chain of boutiques
      356 3  -  By Michelle Low A NEW CHAIN of upmarket Heshe fashion boutiques could emerge following the streamlining of garment manufacturer Heshe Holdings' activities. Heshe Holdings managing director Mr Chia Shi Teck said Heshe aims to be seen as more than a company selling
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    • Article
      Lock icon MBf Holdings pre-tax profit jumps 380pc to M$47m
      306 3 Bernama MBF HOLDINGS BHD yesterday announecd a 380 per eent jump in 1990 group pretax profit to M 546.86 million from M 59.76 million in 1989. President and group chief executive Datuk l.oy Hcan Heong told a news conference in Kuala Lumpur
      Bernama  -  306 words
    • Article
      Lock icon YTL Corp expected to enjoy bigger profits in next two years
      506 3 MARKET TALK MBT Y'l L OKP's involvement in over MS I billion (SSM4 million) worth of" contracts, together with its successful vertical integration (building materials, contracting and property development), will lead to greater profits for the financial years 1992
      MBT  -  506 words
    • Article, Illustration
      GFW may sell stake in Cold Storage: report
      403 3  -  From Geoffrey Harris in MELBOURNE AN AUSTRALIAN stockbroker's report has raised the possibility of Goodman Fielder Wat tie Ltd (GFW) selling its controlling interest in Cold Storage Holdings Ltd. However, a GFW spokesman has dismissed the report as speculative. He said he
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    • COMPANY BRIEFS
      • Article
        G K Goh fails to get approval for bonus issue
        51 3 (i K (iOH HOLDINGS Ltd announced that the Stock Exchange of Singapore did not approve its proposed bonus issue, l-ast March 15, the company announced a proposed bonus issue of one new ordinary share tor every lour existing ordinary shares
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      • Article
        Singatronics arm changes name
        32 3 SINGATRONICS Ltd announced that its subsidiary, Singatronics Holdings Ptc Ltd. had changed its name to Singatronics Interactive Systems Ptc Ltd. The name change took effect on April 15.
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      • Article
        UOB director acquires option
        54 3 LAM BIN THUN. a director of United Overseas Bank Ltd (UOB), disclosed that he had acquired an option to subscribe lor 48.000 shares of UOB at $6.42 per share. The consideration he has paid for each option is $1 per unit. Mr Lam's present holding in
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      • Article
        Singmarine director sells shares
        38 3 WONCi KOK SF.NG, a director of Singmarine Industries Ltd. disclosed that he sold 10.0(H) shares of kcppel C orp Ltd at $7.70 per share on April 18. He still holds 60.000 Kcppel share options.
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      • Article
        Keppel director acquires shares
        77 3 TEO S(X)N HOE. group finance director of Keppel Corp Ltd. disclosed that he had exercised his rights to acquire 70.(X)0 Keppel Corp shares under the company's share option scheme at $2.02 per share. In April 1991. he was ottered 45.000 share options to subscribe for 45,000
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      • Article
        Appointments to audit bodies
        115 3 CHEMICAL INDUSTRIES (Far East) Ltd appointed Cioh Kee Song, Lim Soo Peng and Ci E Bogaars to its audit committee on Nov 8. 1990. Mr Cioh is chairman of the committee. #Singapura Building Society Lid appointed Ong Pang Boon. Tco Soo Chuan and I'hua Bah Lee
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      148 3 Will you call me from your hotel, darling? A I ANA HOTEL SINGAPORE Spend You Could Win A Trip To Australia Between 1 April and 31 May, every |RHHBR^9afijo*9 CASABLANCA RESTAURANT W (Emerald Hill Road), HB SPiaS BRASSERIE TRUMPS CAFE WllW^ (Terminal 2 Changi Airport) OSCARS RESTAURANT (Terminal 2 Changi
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  • REGIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Australia starts sale of airlines
      443 4 Money raised to help government in fight against recession Reuter AUSTRALIA'S Labor go\ernment on Monday launched the partial sale to foreign airlines of its domestic carrier. Australian Airlines, and international flier Qantas under a sweeping privatisation of state-owned assets. Finance Minister Ralph Willis said: "The
      Reuter  -  443 words
    • Article
      Furama owners take option to buy US hotels
      512 4 THE FAMILY behind Furama Hotel Enterprises has taken an option to buy two luxury hotels in the US valued at USSBO million (about SSI4O million), according to the South China Morning Host. The option has been granted to a private company controlled
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    • Article
      Lock icon Coles Myer fighting hard to improve profits
      362 4 Reuter AUSTRALIA'S largest retailer is fighting recession and a revitalised competitor with a stringent offensive to slash costs and boost market share, and has kept expansion plans on the back burner. Coles Myer Ltd chairman and chief executive Brian Quinn says the retailer
      Reuter  -  362 words
    • COMPANY BRIEFS
      • Article
        Chongqing to build plant in China
        60 4 CHONCiQINCi INDUSTRIAL, a 30 per cent-owned associate of Luks Industrial, is developing a massive chemical-man-ufacturing plant in Chongqing. Sichuan, at a cost ot HKSSOO million (about SSI 15 million), the South China Morning Post reported. Chongqing Industrial's managing director. Mr Kenneth Lau. said the
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      • Article
        BHP Steel profitability down
        50 4 PROFITABILITY of the rod and bar products division of Broken Hill Pty Co Ltd's BMP Steel is markedly down on last year and a foundrx in Newcastle will therefore be closed, the company said. But the company will not retrench any workers when it closes operations.
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      • Article
        Copper smelter for Indonesia
        52 4 MITSUI and Co and Mctallgescllschaft VCi have both submitted proposals to huild Indonesia's first copper smelter. director general of mining kosim (iandataruna said. Indonesia previously asked I reeport McMoran Inc. which produces copper concentrate liom mines in Irian Java, to build the smelter but I reeport
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      • Article
        China hacks Wu's airport plan
        60 4 CHIN has given lull backing to a new Hongkong airport plan mapped out In local businessman (iordon W'u. Radio Television Hong Kong reported yesterday. Mr W'u, who recently arranged an I'SSX< M) million (about SSI .4 billion) foreign loan tor a super-highway project in China,
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      • Article
        Pasminco suspends production
        51 4 BASI Mi l \l S miner I'asminco Itd said underground production at its North mine in Broken Hill was suspended on Monday after an equipment failure. The problem was limited to the North mine, which accounts for around 20 percent of total output from the Broken Hill
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      • Article
        IEP shareholders give approval
        41 4 INDI SI KIM I (J>l 11 N (Pacific) I til shareholders have ipprovcd a proposed scheme of arrangement under which Urierley Investments I til would take full control of the ;ompan\. II I* said in a statement.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      415 4 R i THE ONLY HANDPHONE WHOSE ANTENNA DOESNT STICK OUT LIKE THIS. The Telecom AJ 18A handphone comes with a built-in low- sunshine or in darkness. The Telecom AJ 18A also comes with menu gain antenna that is only 2cm long. Making it one of the least mode, auto answer,
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Mobil net income soars 77.5pc in first quarter
      439 5 Gulf war produces varied profits in other oil firms NYT WITH huge profit increases in Europe and Asia resulting mainly from the Gulf war, Mobil Corp said on Monday that net income in the first quarter soared 77.5 per cent, to US$7lO
      NYT  -  439 words
    • COMPANY BRIEFS
      • Article
        CBS discloses shareholding in Saatchi
        63 5 A GROUP of investors, including CBS Inc president Lawrence Tisch and his brother disclosed on Monday they held a 9.1 per cent stake in the ordinary shares of Saatchi and Saatchi Co. In a filing with the US Securities and Exchange Commission, the CBS group
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      • Article
        Nigeria-Mobil loan agreement
        34 5 NIGERIA and Mobil Corp unit Mobil Producing Nigeria are expected to sign loan agreements in Washington this week for USSS3O million (about SS92B million) to finance their Oso condensate energy project.
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      • Article
        Chemical firm posts lower profit
        58 5 STATE-OWNED Israel Chemical Ltd announced a net profit of US$7B.2 million in 1990, down from US$B6.3 million in 1989. due to lower prices of its products on the world market and a weaker US dollar. Profit fell in spite ot higher sales, which totalled US$l.24
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      • Article
        Occidental's net income soars
        48 5 OCCIDENTAL PETROLEUM Corp reported a sharp gain in first-quarter net income and had a 94.7 per cent gain to US$74 million from US$3B million in profits excluding all extraordinary items. The company reported net income of US$l36 million compared with US$lOB million last year.
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      • Article
        Jewellery chain to axe 1,000 jobs
        62 5 BRITAIN'S largest jewellery chain Ratners Group pic is trimming 1,000 jobs, or 5 per cent of its 20,000 strong workforce in the UK and US to cut escalating costs. Ratners chairman Gerald Ratner said half the jobs had been cut already and the remainder
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      • Article
        Five gold companies merge
        57 5 FIVE Canadian gold companies Royal Oak Resources Ltd, Giant Yellowknife Mines Ltd, Pamour Inc. Pamorex Minerals Inc and Akaitcho Yellowknife Gold Mines said they had amalgamated to form Royal Oak Mines Inc. Royal Oak Mines will have about U5554.7 million outstanding common shares, with two operating
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      • Article
        New formula Listerine
        50 5 WARNER-LAMBERT Co chairman and chief executive Joseph Williams said the company was developing a new formulation of its Listerine mouthwash that will have a lower alcohol content for improved flavour. Mr Williams said the company had already submitted some tests on the new formulation to US regulators.
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      • Article
        New limit to buying OTC stocks
        62 5 THE JAPAN Securities Dealers Association has lowered to 2.000 from 5,000 the number of shares an investor is allowed to buy in a company newly registered on the over-the-counter market on the first day of its listing. The move, which took effect yesterday, was
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    • Article
      Lock icon Siemens profit up despite loss at subsidiary
      280 5 Reuter SIEMENS AG said on Monday its group net profit rose 6 per cent in its first half in spite of a big loss at its new computer subsidiary. The electronics giant also reported strong orders from eastern Germany as the region struggles
      Reuter  -  280 words
    • Article
      Lock icon Daimler's operating profit down 10pc
      255 5 Reuter GERMANY'S biggest industrial group, Daimler-Benz AG, termed 1990 "a difficult year overall" and said negative currency moves pushed group operating profit 10 per cent below comparable yearago levels. Daimler made group operating profit of 10.1 billion marks in 1989 after 5.2 billion in 1988,
      Reuter  -  255 words
    • Article
      Lock icon Benetton eyes Latin America, Asia
      203 5 Reuter CLOTHING company Benetton Group SpA is mounting an ambitious campaign to double sales by 1995. and is eyeing markets in Latin America and the Far East to help fuel its growth. The Italian group aims to reach annual turnover of about four trillion lire
      Reuter  -  203 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      23 5 TAMAN PERINDUSTRIAN CEMERLANG FREEHOLD DETACHED FACTORIES IN JOHOR BAHRU. Price from M 51.280.000 onwards Singapore Sole Marketing Agent: <19 Singapore 0104 Fax *****31
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      Page 5 Advertisements Column 2
      102 5 AN INCISIVE PRESENCE. jh, 11 EA RT siN A P S 8 LD 1 manage ME N T mm•» 1 'FLUSH FLOOR CABLE THE HIGHEST STAN CARD-KEY ACCESS x .ADVANCED FIRE-ALARM DARDSOF EXCELLENCE f 7--JM j jl ?f?fljjfeWSfl 4 i: —£9 HQ <* \N D (>I) Y DFNI N jfc
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  • FINANCIAL NEWS
    • SMALLCHANGE
      • Article
        Dai-Ichi Kangyo in Indon joint venture
        70 6 DAI-ICHI KANGYO Bank Ltd of Japan, the world's largest bank, yesterday launched a joint venture commercial bank in Indonesia. PT Indonesia Dai-Ichi Kangyo Bank was established with Bank Dagang Nasional Indonesia, one of Indonesia's leading private banks, with a capital of 50 billion rupiah
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      • Article
        PNB to privatise further
        83 6 STATE-RUN Philippine National Bank (PNB), the largest commercial bank in the country, will sell more of its shares until it is 51 per cent privatised, PNB spokesmen said in Manila yesterday. PNB, originally wholly governmentowned, sold 30 per cent of its shares by public stock offering
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      • Article
        Japanese firm files for protection
        56 6 A MEDIUM-SIZED Japanese leasing company, known for its excessive property-related loans, filed for court protection from its creditors on Monday in Japan's fourth-largest bankruptcy. Shizushin Lease Co has liabilities totalling 255 billion yen (Ss22 million), far more than its capital of 50 million yen, said
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      • Article
        Nikko's US arm expands role
        34 6 THE United States unit of Nikko Securities Co Ltd has set up a mortgage/asset-backed securities department in the latest move by Japanese securities dealers to tap a growing market.
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      • Article
        Bids for First Options unit
        38 6 CONTINENTAL BANK Corp chairman Thomas Theobald said in Chicago that the bank will soon announce a buyer for its First Options of Chicago Inc futures unit. He said regulators were reviewing the bids.
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    • Article
      Lock icon Saudi group owns over 5pc of Chase Manhattan Corp
      295 6 NYT A SAUDI ARABIAN investment group holds just over 5 per cent of Chase Manhattan Corp, according to a filing made on Monday with the US Securities and Exchange Commission. The US$l59 million stake is the second large Saudi investment in
      NYT  -  295 words
    • Article
      Indorayon to get US$60 million in convertible bond
      338 6  -  By David Chew CS FIRST Boston (Singapore) Ltd has arranged a US$6O million (S$ 106 million) convertible bond on attractive terms for PT Inti Indorayon Utama, the pulp mill of the diversified Indonesian conglomerate Raja Garuda Mas (RGM). The agreement for the
      338 words
    • Article
      Thai Oil Company raising US$100m credit facility
      279 6  -  By Chew Eng Han THAI OIL Company Ltd. the national oil company ol Thailand, is tapping a consortium of international banks for a US$lOO million (S$ 177 million) revolving credit and loan facility. The banks arc ANZ Singapore Ltd, DKB Asia Ltd, Drcsdner
      279 words
    • Article
      Lock icon Fleet allowed to buy the Bank of New England
      542 6 Bidding for failed bank was hotly contested NYT THE US government on Monday selected Fleet/Norstar Financial Group Inc, a Rhode Island banking company, along with Kohlberg. Kravis, Roberts Co, the well-known corporate buyout concern, as the buyer of the failed Bank
      NYT  -  542 words
    • Article
      Foreign banks take HK$230m claims to mainland courts
      457 6 TEN FOREIGN banks are suing two guarantors for about HK5230 million (Ssso million) through the mainland courts following the failure of the two Chinese parties to comply with court orders issued in Hongkong. According to the South China Morning Post, the sum
      457 words
    • Article, Illustration
      Lock icon Investors sue Lloyd's for failing to inform members of inquiries
      415 6 Reuter A GROUP of loss-making investors took Lloyd's of London to court for the first time in its 300-year history on Monday in a case to determine whether the insurance market owed a duty of care to its investors. The
      Reuter  -  415 words
    • Article
      Lock icon Roche launches Eurobond with novel features
      398 6 IHT ROCHE, best-known as a world-class pharmaceutical company, capitalised on its expertise as a major manufacturer of fragrances and flavours last week when it launched a novel Eurobond that is essentially sizzle without any steak. The Swiss-based multinational raised US$l billion (SSI.7 billion) an
      IHT  -  398 words
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      Page 6 Advertisements Column 1
      150 6 mni pMmsE Jk —I AM n invitation to conduct your business affairs/programme in an exclusive atmosphere. Surely the graciousness of the world s famous The package includes:resort would lend to the Superior/Deluxe Room Accommtidatioti generating of new ideas. And what Full Board. c. Americaa-Onenla' l breakfast. Buffet l.uneh. Butfct better
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  • Page 6 Miscellaneous
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      84 7 -j "2 i <9 1 M no a b 1 x >.d* tt 3 j y jk v »jj! b tlfi I 1 *g -I 'ft b *t 7 fca -L I; *E O li 7 t t- 2 «n1 bl ar k «i .Jql 21 ""^Uj ■H V?'*'- 4
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  • THE REGION
    • NOTE BOOK
      • Article
        KL upbeat about exports
        62 8 THE MALAYSIAN Ministry of International Trade and Industry (Miti) has forecast that Malaysia's total exports will increase to M$ 102.756 billion (5566.3 billion) in 1992 compared with M 579.482 billion in 1990. Of the total value, manufactured products are expected to contribute M 566.823 billion. Last
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      • Article
        Thailand to privatise electricity
        95 8 THE Electricity Generating Authority of Thailand (Egat) is set to create a number of subsidiary companies, the first of which will take over the maintenance work of all power plants nationwide. This represents the first crucial step in the implementation of its much-debated privatisation plan. Burdened
        95 words
      • Article
        China, Seoul in oil projects
        83 8 CHINA has asked South Korea to participate in its oil development projects along the boundary of their territorial waters. On Monday the influential Chosun Ilbo paper quoted a senior government official as say ing that China, through its state-run oil development agency, had proposed last
        83 words
    • Article
      Lock icon ADB expects growth in S-E Asia to slow down
      441 8 Reuter CAPACITY bottlenecks and slower world trade will dampen growth in the dynamic economies of Southeast Asia, but Taiwan and Hongkong will post stronger performances this year, the Asian Development Bank (ADB) said. In its annual Outlook report for 1991 released
      Reuter  -  441 words
    • Article
      US-Thai impasse on apparel broken
      347 8 THE ninth-round, three-day textile negotiations between Thailand and the US broke a long-standing impasse and reached an accord on apparels, reported the Bangkok Business Post on Monday. The issue of fabric was not discussed during the latest round of talks in Washington. It would be
      347 words
    • Article
      Lock icon Perak government wooing European investors
      201 8 Bernama THE PERAK state government has embarked on an intensive programme to woo European investors to take part in its fast-expanding industrialisation projects. Among the areas identified are electrical and electronics, ceramics, textile and non-metallic minerals. Perak's Menteri Besar, Tan Sri Ramli Ngah Talib who
      Bernama  -  201 words
    • Article
      Beijing companies pour US$10b into Hongkong
      245 8 CHINESE corporations have invested nearly USSIO billion in Hongkong (about 5517.5 billion), according to the head of the Hongkong Bank's China division. Anthony Russell. As much as 65 per cent of that investment had come from five major corporations, but Mr Russell said most
      245 words
    • Article
      Lock icon China must guard against inflation
      232 8 Reuter ECONOMIC GROWTH in China will pick up in 1991, spurring recovery in Hongkong and Taiwan, but Beijing must guard against a resurgence of inflation and improve industrial efficiency, the Asian Development Bank (ADB) said. Overall growth is likely to be about 5.7 per cent
      Reuter  -  232 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      277 8 When a power seat is reall v your seat of power. It is a matter of common observation that in the What about those already in the boardroom but who office hierarchy, the more important the position, sti have to tread carefully? Well, they may prefer the better the chair.
      277 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Competition for foreign aid getting tougher: Sumarlin
      302 9 Minister points to changes in former E Bloc Reuter ECONOMIC and political changes in Eastern Europe and the Soviet Union are leading to increased global competition for foreign aid, says an Asian Development Bank governor. Indonesian Finance Minister J B Sumarlin. addressing a
      Reuter  -  302 words
    • Article
      Lock icon Germany is leading capital exporter: Bundesbank report
      262 9 AFP GERMANY is not only one of the world's leading merchandise exporters but also among the top exporters of capital, according to the latest monthly report from the Bundesbank. Between 1986 and 1989. the then West Germany was in third position in the
      AFP  -  262 words
    • WORLD WATCH
      • Article
        Gulf states set up fund to promote stability
        58 9 SIX GULF ARAB STATES have agreed to set up a multi-billion-dollar fund that they hope will help promote stability in the region. The agreement was reached in Riyadh on Monday at the first meeting of the Gulf Cooperation Council (GCC) since the
        58 words
      • Article
        French minister visiting Japan
        60 9 THE FRENCH MINISTER of Posts. Telecommunications and Space. Mr Paul Quiles. will promote France's high-tech-nology achievements and seek business agreements during a four-day trip to Japan beginning yesterday. An official French source in Tokyo said on Monday that Mr Quiles wanted to develop cooperation in the
        60 words
      • Article
        Conference on future S Africa
        61 9 AN UNPRECEDENTED CONVENTION of African and Western business leaders and politicians opened in Harare, Zimbabwe, on Monday to study regional trade and investment prospects in a future democratic South Africa. More than 3(H) delegates from 40 countries gathered to discuss ways of boosting development in
        61 words
      • Article
        EC orders probe on companies
        66 9 THE EUROPEAN COMMISSION has ordered the French government to prove that it is not bailing out firms with illegal subsidies channeled through six leading state companies. A spokesman in Brussels said on Monday that the Commission was investigating whether the companies which include giants such
        66 words
      • Article
        Big borrowing plan by Treuhand
        89 9 THE FLEDGLING German commercial paper market is set to receive a major boost from the East German Treuhand. the state-backed privatisation agency, which is planning a large borrowing programme to finance restructuring investments at the several thousand companies it still owns. The Treuhand is expected
        89 words
    • Article
      Lock icon Saudi state firms borrowing from banks
      626 9 Reuter SAUDI ARABIA, hit by huge Gulf War costs, has given public-sector companies the green light to borrow large sums from commercial banks for expansion projects, say bankers and economists. State-owned giants such as oil firm Saudi Aramco and petrochemical conglomerate Saudi Basic Industries
      Reuter  -  626 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      259 9 What Travels Farther Than The World's Longest Ball? The World's Longest Ball Improved. Introducing the new Ultra AR4B2 ball. the air longer, so it travels farther up the fairway. L Kxn 111. ADin 700 golfers proved the theory right. Under Now here in Singapore, Wilson s new Ultra AR432 6
      259 words
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  • Article
    Getting down to earth
    453 10 EDITORIAL EARTH DAY produced welcome support for the environment and good news for Singapore in the shape of recognition for the Malayan Nature Society and Mrs Ivy Lee. Added to that are signs that corporations have realised the market value of being demonstrably environment-friendly. Singapore for
    453 words
  • WHAT THE OTHERS SAY
    • Article
      Gorbachev's failed trip
      231 10 SHORN of diplomatic euphemisms, Soviet President Mikhail Gorbachev's trip to Japan was a failure. After long rounds of talks with Japanese Prime Minister Toshiki Kaifu. Mr Gorbachev left Tokyo without settling the most important issue on the agenda, the territorial dispute over the Kurile Islands. That failure
      231 words
    • Article
      Price of excellence
      141 10 THERE is a price to pay for the pursuit of excellence. The recent varsity tuition fee hike should be seen in this perspective, according to the Government. Thanks to the CPF-for-education and various loan/bursary schemes, students from poor families can still pursue their studies. However, how much
      141 words
    • Article
      A stake in HK
      130 10 FINANCE Minister Dr Richard Hu said during his visit to Hongkong last week that Singapore and the region hope to see continued prosperity and stability in Hongkong after 1997. He also said recently that Singapore plans to invest heavily in Hongkong and that DBS Bank would
      130 words
  • REGIONAL VIEWPOINTS
    • Article
      Far-sighted policy needed
      155 10 THE US should be showing a stronger political will in convincing China that a great Asian power such as the People's Republic of China should conduct a more far-sighted foreign policy not one driven by pique towards Vietnam, but by creating a conducive political climate that can
      155 words
    • Article
      When crime could pay
      180 10 THE new battery of legal powers approaehes smuggling purely from a law and order standpoint. However. the general conclusion reached by police and legislators is that while law enforcement can curb and contain, it cannot stop a problem which, by its nature, is economic. As long
      180 words
    • Article
      Before the rivers run dry
      194 10 THIS year has been declared the Year of Waste Water Treatment. Few issues deserve our attention as much as the quality of our water supply. The shape that the Chao Phya River and Bangkok's khlongs are in is a sad reflection of our reckless disregard
      194 words
  • Article, Illustration
    Lock icon Sorry, no vacancies
    1059 10  -  America's spring crop of college graduates a million young people who matriculated in the booming 1980s with rosy visions of abundant and lucrative career choices face the bleakest job market in a decade or more. Robert McFadden reports Robert McFadden NYT CAUGHT in a recession that has
    NYT  -  1,059 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      152 10 FOR $18++ YOU CAN HAVE ALL THIS BY THE SINGAPORE RIVER A SUMPTUOUS STEAMBOAT DINNER FEATURING A DELICIOUS VARIETY OF MEAT, SEAFOOD AND VEGETABLES AT ONLY $18+ FOR TWO. The delightful experience of dining at the OPEN-AIR PLAZA OF HOUSE OF FOUR SEASONS RESTAURANT. AN IRRESISTIBLE ROMANTIC SETTING WITH SOFT,
      152 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      58 10 DOONESBURY BY GARRY TRUDEAU 50 HOtUV ALL THE UJEAPON SVBN B6TTSP THE INFRAREP a Thh OHGOOP6OOP SYSTEMS HOtP UP IN BAT SIGHTING HJASAweeOME THE HOUfP SHOUWER EXCEPT UIE RAN -JIZ,MAN* eOCQASTWZAi? BRAUWfS TOOK HfTZ ANP SUR THE THEHUHAT? MOUNWP OUT OF PAPER 1/7U3? THE HUtMEEZ NEVER SMFX HELP FAX. SHORT
      58 words
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  • ANALYSIS
    • Article
      Lock icon Will the New World Order ever see light?
      931 11  -  For all his initial success in winning the Gulf War, putting together the rest of President George Busn's vaunted New World Order is proving to be a much harder task. Tom Reaburn reports Tom Redburn IHT THE Bush Administration is having little
      IHT  -  931 words
    • Article, Illustration
      NTUC shopping for new ventures
      1202 11  -  The National Trades Union Congress which is celebrating its 30th anniversary this year is doing very well in its chosen fields of venture. Its assistant secretary-general, Lim Boon Heng, tells Chuang Peck Ming that it is also taking stock of the situation and planning ahead
      1,202 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      219 11 vKmtf^^B^S&iSr.. %£*>. JrN^mlvi£»Gateway to Europe. From 1993, Europe will be the world's on the extensive network of our five DG BANK GZB (Asia) Ltd., 6 Battery largest single economic region and yet a European sister institutions, with whom we Road 40-02, Singapore 0104, Telephone, market of many markets. With differences
      219 words
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  • FOCUS
    • Article, Illustration
      Thai agri-industrial group pursues overseas market
      597 12 Thailand's Charoen Pokphand group is now one of the world's largest agri-industrial empires. And it's getting bigger by seeking new markets and diversifying into such areas such petrochemicals, property development and telecommunications. THE Charoen Pokphand Group's international trading arm, CP Intertrade Co Ltd, will
      597 words
    • Article, Illustration
      Lock icon Rapid growth of an economic giant
      1036 12 IHT THE political connections of executives in the Charoen Pokphand companies highlight the widespread influence of a Thailand-based group that has emerged in the past decade as one of the world's largest agri-industrial empires. Dhanin Chearavanont, chairman and chief executive of the group, wound
      IHT  -  1,036 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      46 12 t /flfek Mr. Willie Low W IWF^P Equipment Systems. Engineer P* FOR PROFESSIONAL AIR CONDITIONING DESIGN AND SERVICE, YOU CAN DEPEND ON TEAM TRANE. 1} Mr. Phuar Boon Hock t Equipment Systems. Manager Kf, .> tiii: isi:si \ui 1: CALL: 747 8622 FOR ENQUIRIES. FAX 748 7465
      46 words
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      Page 12 Advertisements Column 2
      385 12 TECH TRADE (SINGAPORE) PTE LTD (Incorporated in the Republic of Singapore) ANNOUNCEMENT On behalf of Tech Trade (Singapore) Pte Ltd ("Tech Trade"), BNP International Financial Services (Singapore) Ltd announces that as at the close of the take-over offer ("Offer") by Tech Trade to acquire all the issued ordinary shares of
      385 words
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  • SPORTS
    • Article, Illustration
      Lock icon Jahangir's place in history
      480 13  -  i John Mehaffey reports on the j» man who is now the squash player of the century John Mehaffey Reuter J £"W P AHANGIR Khan I confused his oppo- nent, confounded I the critics and cemented his place in the history books when he won his
      Reuter  -  480 words
    • SIDE LINES
      • Article, Illustration
        Matsuoka makes it into next round
        64 13 RESULTS of yesterday's Epson Singapore Super Tennis championship at Kallang: Unseeded Shuzo Matsuoka of Japan beat Gary Muller (SA) 6-3 6-3; Alex Antonitsch of Australia beat last year's champion Kelly Jones (US) 6-2 6-3; Jan Siemerink of Holland beat Mark Kratzmann of Australia 2-6
        64 words
      • Article
        Hurd to visit South Africa
        74 13 feRITISH Foreign Secretary Douglas Hurd is to visit South Africa this summer, government officials in London said on Monday amid new signs of an end to the country's sporting isolation. The decision to send Mr Hurd to South Africa was in line with the British
        74 words
      • Article
        Chavez gives up IBF title
        91 13 JULIO CESAR CHAVEZ has given up his International Boxing Federation junior welterweight title rather than accept a mandatory defence against Raphael Pineda. Chavez, who won the title from Meldrick Taylor last May, said on Monday that he was reacting to the IBF's move to call
        91 words
      • Article
        Kelly signs up for Du Pont race
        71 13 IRELAND'S Sean Kelly, winner of the inaugural World Cup cycling title in 1989, will take part in the Tour Du Pont race in Virginia, organisers announced on Monday. Kelly, 34, who has won dozens of one-day classics and several major European stage events,
        71 words
      • Article
        Big miss for Wilkinson
        91 13 GARY WILKINSON missed out on a £112,000 (*****,000) jackpot and a piece of snooker history at Sheffield's Crucible Theatre on Monday. The world No. 19 threw away a golden opportunity to become only the second player to make a 147 maximum break in world championship history
        91 words
      • Article
        Bush honours college champs
        67 13 US PRESIDENT George Bush on Monday saluted the NCAA men's and women's basketball champions from Duke and Tennessee for their accomplishments on the court and in the classroom. Graduating more than 90 per cent of their players over the last decade, both colleges had "proved that
        67 words
      • Article
        Soviet Union, Canada win again
        47 13 THE SOVIET UNION, the defending champion, and Canada, winner of the preliminary round last year, posted their third straight wins at the World Ice Hockey Championships in Helsinki on Monday. The Soviets scored a goal in each period to beat Finland 3-0.
        47 words
      • Article
        Opie clinches British Open
        43 13 LISA OPIE became the first home winner of the women's British Open squash title for 30 years when she ended the giant-killing run of fellow Englishwoman Sue Wright 6-4 9-3 9-3 9-4 in the final in London on Monday.
        43 words
    • Article
      Lock icon Gautier battling in race round the world
      156 13 AP FRENCH YACHTSMEN Christophe Augin and Alain Gautier duelled on Monday for first place in the BOC Challenge around-the-world race, with only a few hours separating them. But Augin will have to win by more than 21 1-2 hours on this leg to
      AP  -  156 words
    • Article
      Lock icon Nicklaus stands out among Seniors
      308 13 AP LEE TREVINO made the Senior PGA Tour his own private playground last year. Chi Chi Rodriguez was trying to do the same this season. He won two of his first eight starts and currently leads the over-50 set in money-winnings. Now, in the aftermath
      AP  -  308 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      408 13 THE POWERFUL DEADLY COMBINATION OF GREG NORMAN 8^ Backed by COBRA S technological advances and Top Tour-Pro experiences of Greg Norman, this range of golf clubs are for discriminating golfers both professionals and serious amateurs. M I i /Mr HIHHRv The TRD II Irons 8. Metal Woods come with Platinum
      408 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      200 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE •f/s I i —w /Vn) "fa -1 Treat Tour I > Secretary To Something Special Treat your secretary to an authentic Penang Buffet Lunch and Fashion Show at the Princess Terrace Cafe. Every $20.00+
      200 words
    • Advertisement
      Page 14 Advertisements Column 2
      348 14 a swrkung Turuan stxmsßoy) ■CANOPY BAR Kiar »*4 i With its spectacular gl.ivs frontage. the ,in«>|>v lt.n 'is Ihc ideal ptacc to see the stars li s jls«>\Sin|j.ipi>rc's newest .iihl must exclusive icnik/souThe CjfHipy H.ir, upst.urs .it the H>.itt 1 CECREIARIES' WEE |7~| \j International Buffet Fashion show at 1.20
      348 words
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      Page 14 Advertisements Column 3
      371 14 Specially for you this Secretaries' Week 22-26 April /A 4 (J reat your secretary to a sumptuous set lunch at $30 per person at Seafood Theatre Restaurant. Delight her with jlyW JK a complimentary drink, door gifts, raw us as^'°n s^>ow i/lake your reservations today I Early Reservations Special ftw
      371 words
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      Page 14 Advertisements Column 4
      334 14 SECRETARY OUTWITS BOSS Sttnteki' Week Lmc> April 22 27 Noon 2.30 pm (Guests to be seated by 12.30 pm) C .V."3* $38 per person Secretary Jt, \?/AarHAmnX& r itngptf 111 Orchard Road Slnmntmi T«t 7)***** r The return of that particular Peranakan perfection found only at the Cafe Vanda Authentic
      334 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      888 14 TELEVISION AND RADIO a CfifM* 630 Best of Disney (Cartoon). 6.30 With the Qnran. BUSINESS ON RADIO J LT) 7 SBCI2 6.55 Programme Highlights. 6.50 Visi Sud (Religious pro- pwwwa 01 I 7 WIW 6m« (Game Show). gramme). ddt *9 9 mHz in WIF Band H /II CI I Xc
      888 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon A true beauty of spirit
      910 15  -  Alan Riding on the actress-turned-ambassasdor who charmed a whole generation of moviegoers with her coltish legs and wide-eyed gamine charm Alan Riding NYT IN 1966, Audrey Hepbum did what many working mothers would like to do: she gave up her career so she would be
      NYT  -  910 words
    • Article, Illustration
      Lock icon Say goodbye to unrequited love in the dressing room
      511 15  -  The rarefied world of couture is coming down to earth to the smell of the mass market. says Woody Hochswender Woody Hochswender NYT ALMOST everyone has experienced unrequited love in the dressing room: the letdown of falling in love with a
      NYT  -  511 words
    • Article, Illustration
      Jackson sued over use of Bad sound system
      391 15 CHATTERBOX SINGER Michael Jackson was sued for brcach of contract on Monday by an inventor who claims the superstar owes him up to US$22 million (5538.72) for use of a patented sound system on the blockbuster album, Bad. Hugo Zuccarelli alleged that
      391 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      240 15 AND ENTERTAIN A SECRETARIAL TREAT APRIL 22 TO 26, 1991 Treat your secretary to a superb lunch to show your thanks for all her assistance during Secretaries' Week. Set Lunch: S$ 18.50 Per Person lUm 'ATeppariyaki Special: S$JO.OO Per Person Buffet Lunch: SSSLOO Per Person ANA HOTEL PRICES SUBJECT TO
      240 words
    • Advertisement
      Page 15 Advertisements Column 2
      177 15 r|s&*&&&> 1 1 1 MARINA BAY GOLF ft COUNTRY CLUB J 6 Marina Green, Singapore 0101 j For retervartoot pirate call.- 231-2811 f| MINTON I ih'*'>i i lunch appointment every secretary should have in her diary. From April 22-27. The Secretaries' Set Lunch (s3o++). Includes homemade soup, unlimited helpmgs of
      177 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Investors sidelined in directionless market
      4874 16  -  By Shoeb Kagda THIN TRADING and a cautious mood characterised the Singapore market yesterday. The Straits Times Industrials Index moved narrowly to finish at 1,526.09 points, down 5.99 points from Monday's close. "We expect the market to consolidate at this level for the next two
      4,874 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4043 17 Main Board H Royal 261 +31 +13.5% Semb Shipyard 715 +15 +2.1% Hai Sun Hup 20* 213 +13 +6 5% SPC Foreign 424 +12 +2.9% FELS Wt 288 +12 +4.3% SSE Foreign 285 +U +4.0% Transmarco 272 +11 +4.2% SSE 25* 246 +11 +4.7% FELS
    4,043 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      206 18 Clip—y Date Ymt Group Not N«t earnings Grots mi to profit/loss (L) por share dividend COOO) (conts) GE Life Apr 22 Dec 90 $36,724(129 453) 756(606) 20(18) 0U€ Apr 17 Dec 90 $25.033(J9.149) 202(74) 16(11) DBS Apt 12 Dec 90 $286 348(1250.338) 60 4(52 8a) 16(14 5a) Prima
      206 words
    • Article
      PRELIMINARY RESULTS
      818 18 Ciniiy Date Year Croup pre-tax Net earnings Grots mh to proflt/lou (L) per skaro dividend fOOO) (cents) Perks Plant Apr 15 Oec 90 M$204,043($156.667) 52.1(405) 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 Pac
      818 words
    • Article
      INTERIM RESULTS
      282 18 Company Date Half-year Group pro-tax Interim ann to profit/loss (L) dividend (000) Times Pub Apr 19 Feb 91 $25.132($18.904) 4(4) Antah Hldgs Apr 10 Dec 90 M$18.075($14.587) Kump Emas Apr 5 Jan 91 MS5.333CMS7.552) 2(2) Rashid Hussain Apr 2 Nov 90 M$21 004 ($10,862) Seal Iik Mar 30
      282 words
    • Article
      CORPORATE DEVELOPMENTS
      392 18 Apr 22 i__j a Keppel House and its adjoining land, jointly owned by Straits Steamship Land and Keppel Corporation, has been sold to Eu Yan Sang Holdings for $51m. L ft M Group Investment s proposed one-for-two rights issue will reduce its outstanding borrowings by about $16.4 m.
      392 words
    • Article
      DIVIDENDS ANNOUNCED
      1514 18 Current Ex Mis Date Total tor Total tar payment date ctata payable tka j»ar last year Acma 51TE Jun 5 Jun 17 Jul 1 10*11 Amtek tnf 6%TE(I> Apr II Apr 17 Ape 26 61TE 12%TE Awno 51TE Feb 25 Mar 7 May 15 12 5*TE 251TE BAT
      1,514 words
    • Article
      APPROVED ISSUES
      199 18 Company Rights Issue (Mop Est Restricted issue of $88 5 Mm nominal valje of 101 Convertible Redeemable Unsecured Loan Stock (CULS) 1991/19% issued on the basis of $1 nominal amount of CULS tor every 3 ofdinary shares of $1 each held at nominal value E»-date Apr Books close
      199 words
    • Article
      PROPOSED ISSUES
      458 18 Company Rights Issue Mean One-tor two MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares (OTPS) of M$0 10 each at MSI per share with 10m detachable TSR on the basis of 1 OTPS with I TSR for every 4 OTPS Baton One-tor tour fe, MS2
      458 words
    • Article
      BONDS, LOANS & WARRANTS
      827 18 BONDS, LOANS WARRANTS Company CmmtiIh parted CtmrtiM lar m ardiaary thara CtC Wt Before 26/4/93 1 warrant plus $3 09 cash Causeway Low Causeway Wt 2/10/89 to 20/10 94 1 warrant plus JO 77 cash or 1 warrant ptus $0 77 nominal amount of loan stock Ctuan ft? Notes Ctuan
      827 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      259 18 m ::w P II,UJ IP#^*-* &|iffi -rwxxyxv: W :«R THEBESTOF AIRTROPOLIS CHANGI AIRPORT AIRTROPOLIS Singapore Changi Airport has been voted the best airport in the world... three times in a row. Overseas travellers recognise the airport for its fast, efficient and user-friendly facilities. From May 31, 1991, SPH newspapers will
      259 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Uncertain overseas trend keeps investors at bay
      4238 19 Bernama SHARK PRICES ended lower in listless trading yesterday on laek of support throughout the session following the uncertain trend in major overseas markets. In thin trading, the KLSE Composite Index lost 3.7# points to 588.38 while the Industrial Index was 10.41 points
      Bernama  -  4,238 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      160 19 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
      160 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Investors flock back as market seems oversold
      2244 20 Reuter TOKYO STOCKS yesterday finished the day firmer, putting an end to a three-day run of declines. The poor overnight performances of Wall Street and the yen were negative factors, but the Nikkei was pulled up by buying energy as investors feared they
      Reuter  -  2,244 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Bargain-hunting gives way to last-minute sell-off
      2124 20 Reuter HONGKONG'S blue-chip Hang Seng index, attempting to close a point or two up on the day after Monday's sharp decline, yesterday fell hack in the last few minutes of trade on light, late selling, brokers said. "I suspect some of it was overseas
      Reuter  -  2,124 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Weaker Aussie dollar props up shares
      • Article
        SYDNEY
        174 21 AUSTRALIAN stocks yesterday closed lower hut the tone was relatively firm at the close on strong foreign support for blue chip shares, brokers said. "The Australian dollar is showing signs of weakening and the strengthening IJS dollar is making Australian shares more attractive. We're seeing overseas investment. There's no
        174 words
      • Article
        NEW ZEALAND
        186 21 LEADING New Zealand shares withstood another sizeable Wall Street fall to closc only slightly down for the day, and brokers see lower domestic interest rates providing a base for the equities market. "Buyers pulled back from a number of leaders this morning, but they found few willing sellers,"
        186 words
      • Article
        Untitled
        1391 21 Australia Apr 23 A Cents VolCOO) AC Minerals 61 unch ***** ACM Gold 32 I 9594 ANZBank 369 -2 ***** Aberfovle 407 3 2593 Add Stm 14 +1 ***** Advance Bank 520 10 ***** Alcan 155 3 5610 Amcor 498 unch 7178 Ampol Ex 263 5 1602 Argo 244 unch
        1,391 words
      • Article
        BANGKOK
        865 21 SHARE PRICES declined slightly in heavy trading on the Thai stock market with the Securities Exchange of Thailand (SET) Index dropping 15.71 points to close at 893.19. "The market gradually declined with lots of selling pressures, said a broker from Mithai Europartners Finance and Securities Co Ltd. "All shares
        865 words
      • Article
        MANILA
        592 21 PHILIPPINE ST(X KS closed mixed as late bargain-hunting led to a rebound after earlier weakness. Brokers predict further slips in the coming days, noting the recovery lacked foreign support and sentiment was depressed by the overnight fall on Wall Street. The Manila Stock Exchange composite index lost 3.26 points
        592 words
      • Article
        SEOUL
        732 21 SHARE PRICES jumped in active trading on the Korea Stock Exchange yestcr- day. The composite price index ot the exchange gained 22.23 points to close at 637.84. Advances overwhelmed declines 664 to 76 among the 768 issues traded. Volume reached 10.596.000 shares valued at 142.318 billion won "Investors felt
        732 words
      • Article
        TAIPEI
        528 21 TAIWAN share prices finished lower after wavering in a narrow range. Br*v kers said profit-taking after previous gains, and falls on foreign markets, made investors cautious. The weighted index lost 91.91 points or 1.6 per cent to close at 5.732.09 compared with Monday's 5,824.00 close. Turnover was NTS7O.7 billion
        528 words
      • Article
        INDICES & TURNOVER
        90 21 INDICES TURNOVER (low \pril 23 )*rr»ious SYDNEY All Ordinaries Index AH Industrials Index All Resources Index Turnover (million) 1.5105 2.351.9 868 6 1.511 7 2.359 2 865.7 8997 -2.4 -93 +2.3 BANGKOK SET Index Turnover(million baht) 893 19 5.960 908 90 5.700 -15.71 260 JAKARTA Composite Index 415.55 MANILA Composite
        90 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        389 21 In local currency In S$ In l'S$ day S year S day S year S day S year Apr 22 Index change change change change change change World 411.7 -08 15 0 -1.6 12.2 -1.7 9.8 *EAFE 538.5 -1.2 14.5 -2.3 9.0 -2.4 6.6 Europe
        389 words
  • Page 21 Advertisements
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  • WORLD STOCK MARKETS
    • Investors cautious as the bad news piles up
      • Article, Illustration
        NEW YORK
        1086 22 l HE LOSSES continued to pile up on Wall Street on Monday, as investors, disheartened by a steady credit policy and sharp bond market losses, nudged stock prices lower for the third straight day. The fine balance that gave us the best of both worlds is now giving
        1,086 words
      • Article, Illustration
        LONDON
        792 22 SHARES yesterday recovered some of iheir lost sparkle on the London Stock Exchange after falling back sharply on Monday. By 1100 GMT, with dollar-earning stocks leading the way on the strength of the greenback, the Footsie index of 100 leading shares had advanced 15.9 points to 2,506.7. But the
        792 words
      • Article
        JOHANNESBURG
        349 22 SHARE PRICES in Johannesburg continued to lack any clear direction on Monday in listless trading as institutional investors kept to the sidelines in wait for some fresh stimulus, dealers said. The JSE All-Gold Index slipped a bit further to a preliminary close of 1031 from Friday's weak 1041 close
        349 words
      • Article
        FRANKFURT
        206 22 THE CRUSHING DEFEAT of Chancellor Helmut Kohl's Christian Democrats (CDU) in a state election on Sunday rippled through financial markets on Monday, sending the mark and share prices sharply lower. The worse than expected defeat in Kohl's home state of Rhineland-Palati-nate, seen as a direct rejection of his policies
        206 words
      • Article
        ZURICH
        275 22 SWISS SHARES on Monday closed easier but above lows in quiet trading and dealers said the market had shown resilience, despite Wall Street's weakness and the poor performance of other European share markets. The All-Share SPI index fell 8.8 points to 1,073.8, two points above its earlier low. The
        275 words
      • Article
        AMSTERDAM
        270 22 DUTCH SHARES on Monday closed sharply lower with sentiment depressed by Sunday's state election losses for the ruling German Christian Democratic Party, dealers said. Wall Street's failure to convincingly breach through the Dow Jones 3.000 barrier also weighed on the market, they added. But Monday's trading volume was described
        270 words
      • Article
        TORONTO
        251 22 SHARP GAINS in gold shares lifted Toronto stocks from midday lows to a slightly lower close in slow trade on Monday, dealers said. Shares continued to trend lower on profit-taking on disappointment over the Federal Reserve's monetary policy, they added. "I think we have seen the (Fed) cuts for
        251 words
      • Article
        VIENNA
        139 22 AUSTRIAN share prices on Monday fell in listless trading depressed by sharp losses on German markets in the wake of the defeat in state elections on Sunday for German Chancellor Helmut Kohl's Christian Democrats, brokers said. The Vienna Bourse Index fell by almost 2 per cent, shedding 11.74 points
        139 words
      • Article
        PARIS
        279 22 FRENCH share prices slipped quietly to five-week lows on Monday as sellers pocketed profits at the end of the monthly account and buyers remained sidelined by concerns over the course of the economy and interest rates. The CAC-40 index ended down 23.92 points or 1.34 per cent to 1,767.20
        279 words
      • Article
        BRUSSELS
        151 22 BELGIAN shares closed mostly lower in thin trading on Monday, with the exception of polyurethane foam producer Gechem on speculation it may soon be sold by holding company Societe Generale de Belgique, dealers said. The Bel2o share index fell 7.54 points to 1,203.29 and the forward market index dipped
        151 words
      • Article
        MILAN
        208 22 ITALIAN shares closed easier in thin trading on Monday, with sentiment depressed by the poor performance of overseas markets and the short trading week in Italy. Brokers noted even insurer Generali, which was the motor behind last week's gains, eased over one per cent in the session. A light
        208 words
      • Article
        STOCKHOLM
        112 22 PRICES on the Stockholm bourse closed broadly down for a fifth consecutive day on Monday, a decline triggered by sharply weaker markets in Tokyo and New York, dealers said. The bourse General Index closed 1.24 per cent down to 1,050.72 in low turnover of 264 million crowns. Blue chips
        112 words
      • Article
        INDICES & TURNOVER
        94 22 INDICES TURNOVER NEW YORK Dow Jones NYSE Financial SAP 500 Turnover (million) Apnl22 (lose Previous 2928 2.965.59 -37.59 153.53 155.03 -1 50 ***** ***** -3 25 165 1955 -30.5 LONDON Financial Times 30 FTSE 100 Turnover (million! 1954 4 2490 8 401 5 1980 1 2520 1 465.8 -25.7 -29
        94 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      51 22 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
      51 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ slightly lower in Tokyo on mini-correction against D-mark
      1174 23 REPORTS THE US DOLLAR ended a yen and a pfennig down in Tokyo on what dealers called a mini-correction following its tireless surge against the mark. Momentum charts show the dollar in overbought condition, and lurther corrective selling may take place.
      1,174 words
    • Article
      Lock icon Analysts expect dollar to continue upward surge
      596 23 Reuter A STAMPEDE is underway to buy the US dollar and though its pace might slow, the onrush will not end, at least not this year, say foreign exchange traders and analysts in New York. "This is a sustainable move for the dollar.
      Reuter  -  596 words
    • Article
      FINANCIAL FUTURES
      1258 23 SIMEX EURODOLLAR Open High Low Sctl Est Vol Op/lnt Vol Jun 91 93.64 93.64 9160 93.62 4330 ***** 2707 Sep 91 93 28 93.30 93 26 93.26 3015 9508 1974 Dec 91 92.77 92.78 92.72 92.73 1805 9980 660 Mar 92 92.52 92 52. 92.48 92 49 805
      1,258 words
    • Article
      INTERBANK FOREX RATES
      390 23 Cross rates Apr 23 USS SS MS Dm Yen SFr AS NZS USS 1.7800 2.7605 1.7545 138.65 0.5871 1.4640 ***** 1.6978 SS 0.5618 1.5508 0.9857 0.7789 0.3298 0.8225 0.7282 ***** MS 0.3623 64.48 0.6356 0.5023 0.2127 0.5303 0.4695 0 6150 Dm 0.5700 1.0145 1.5734 7903 0.3346 0.8344
      390 words
    • Article
      MONEY MARKET
      578 23 Interbank rates SS Bid Offer Ov ernight 4 5/8 4 3/4 1-month 4 5/8 4 3/4 2-month 4 11/16 4 13/16 3-month 4 3/4 4 7/8 Overnight mode: 4-1/2 LSS Bid Offer 7 days 6 1/8 6 1/4 1 month 6 1/8 6 1/4 2 months 6 3/16
      578 words
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  • COMMODITIES
    • Article
      Lock icon Malaysia to cap oil output despite increased capacity
      392 24 Reuter MALAYSIA, a major nonOpec oil producer, said its production capacity would rise significantly when a new offshore field comes onstream. but the country would not raise output from current levels. Malaysia's oil production capacity will rise to 690.000 barrels per day
      Reuter  -  392 words
    • Article
      Lock icon Iraq resumes crude oil supplies to Jordan
      298 24 Reuter IRAQ has resumed some crude oil supplies to Jordan at about one third of preGulf War levels, a Jordanian transport industry executive said. Mr Samir Naber, managing director of transport company Nabresco, said about 75 truckloads of oil were arriving daily from
      Reuter  -  298 words
    • Article
      KL tin moves higher on overseas support
      862 24 REPORTS OVERSEAS support and lower disposals by miners saw the tin price closing three sen higher at M 514.93 a kg on the Kuala Lumpur Tin Market yesterday, its highest level in recent weeks. Short covering by European traders also aided market sentiment,
      862 words
  • Article
    PRICES
    1520 24 Rubber A P r 23 RAS (fofc in bale*) S centvlig Noon CU»se Int I RSS Prompt 142 50/143.SON I4200/I43.00N Int I RSS May 91 145 00/145 50 144 50/145 00 Int I RSS Jun 146 75/147 25 146 25/146 75 Int 2 RSS OP 142 00/144.00N 141.50/143 50N
    1,520 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      561 24 BUSINESS TIMES TELEPHONE: *****7 1/5772/577 3 FAX 734-4982 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, l Heng Syc Hock of No. 271 Kranji Road, Singapore 2573, have applied for a Retail Beer Shop licence in respect of premises at M/s Kong Chin Mini Supermarket at Blk 105 #01-03 Cashew
      561 words
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      Page 24 Advertisements Column 2
      501 24 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF FORTUNA INVESTMENT TRADING PTE. LTD. (In Members" Voluntary Windng Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 38 Cairnhill Road #13-03. Singapore 0922 on Wednesday, the 17th day of
      501 words
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      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1143 25 City Flight ETA Flight ETD City Flight ETA Flight ETD Abu Dhabi GA895 1235 i MH542 1450 MH64I 1315 Adelaide QF81 2000 QF82 SQ227 2200 2245 MH609 SQl 11 MH SQ 1625 1705 1800 SQl 10 SQl 12 QF031 1445 1545 1545 Amsterdam ~~GA895 KL831 1235
    1,143 words
  • THE TRAVEL PAGE
    • Article, Illustration
      A dying underwater museum
      595 25  -  POSTCARD FROM QUEENSLAND By Dennis Passa Scientists have warned for nearly 40 years that the Great Barrier Reef, an 80.000-year-old coral structure off northeast Au«>tralia. is slowly being destroyed by natural and man-made predators. Freshwater flooding, combined with a new outbreak of coral-stripping starfish, has heightened
      595 words
    • Article
      MONEY CHANGER RATES
      158 25 As at 3pm yesterday: Ixical dollars to one unit of foreign current) Currencies Bid Offer Australian dollar 1.370 1.3900 Canadian dollar 1.524 I 544 NZ dollar 1.037 1.072 Sterling pound 3.000 3.0200 US dollar 1.7760 ***** IxK-al dollars to 100 units of foreign current) Austrian schilling 14.10
      158 words
    • TRAVEL SLICES
      • Article
        Lock icon New dial-a-theatre, or dinner, service available
        178 25 NYT TWO NEW phone services are available in London, one for theatres, the other for dining. The theatre service. Theatre Tonight, can often provide tickets for sell-out shows like Miss Saigon or Phantom of the Opera. It operates from noon to 6 pm and
        NYT  -  178 words
      • Article
        Lock icon Garuda to fly to Beijing
        64 25 Reuter GARUDA Indonesia will begin flying to Beijing three times a week from June, said its direetor Suparno this week. Garuda will also add another tour to its 15 weekly flights to Australia from September or October. With incomes and air travel in Asia rising.
        Reuter  -  64 words
      • Article
        Lock icon Budapest expects tourist hordes
        147 25 NYT BUDAPEST expects a busy summer for tourism. Reservations dropped off during the Gulf War, but hotel and tourism officials sa\ that they are optimistic that normalcy being completely booked will return over the summer season. At Ibusz. the Hungarian national travel bureau, a staff member
        NYT  -  147 words
      • Article
        Lock icon First class to Alice Springs
        88 25 Travel Business Analyst TRAVELLERS to Australia's 'Red Centre' should know that the Adelaide-Alice Springs train, named the Ghan. has been smartened up. All sleeper cabins have been converted to first class (before, there were also economy sleepers). Other enhancements include an entertainment lounge, video games,
        Travel Business Analyst  -  88 words
    • Article
      WORLD TRADE EXHIBITIONS
      65 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel April International Florence. StXiFSF S.p.A *****9721 April 2K- International London The Building *****6-1951 2<>-Ma\ I Handicraft Italy May 2 Food Drink Trades p a j r Exhibition Fxhibition Ltd April International Frankfurt. Messe Frankfurt *****5750 May 8-11
      65 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      40 25 Zurich fly to Europe with Finnair. (And the not so well-off too.) Because Finnair flies a superb twice-weekly route from Singapore to Helsinki and then over 30 European destinations. Call *****77 for details. Wf know Knrop<- from start to Finnish.
      40 words
    • Advertisement
      Page 25 Advertisements Column 2
      124 25 JBr N* m^■UHfi *^3 HP Scalpel...scissors...sutures.. Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on Essential information accessible every business day your money. througj, Business Times. In the same way a
      124 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      356 25 ACROSS [i p B MHHp p p p p 1 When they do cyclists on 4 Drinking water provided at furniture and fireplace 10 Part of flower displaying H_ durability (7) 12 11 Confronted by two consec- HHH 12 Not a close contest of iT course (4) our all red
      356 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      230 25 ■f 'J pTj Singapore Outlook: Showers over several areas in the late afternoon and early evening. Forecast: Maximum temperature 32.5' C Assoc humidity 68% Minimum temperature 24.9° C Assoc humidity 92% Hours of sunshine 3.40 Rainfall in mm 0.9 Rainfall this month 101.9 Rainy days this month 10 World forecast
      230 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      30 25 <now DARE wc t p> l < roe. vu. swing /GET W U>tTH vooe UJORK.V\To Mt ukc-WftT .JVFog H.ro sfcT >foo ifO-H. f^Tl j~ su^A! 8412 EVENING STANDARD CO LTD. IMI-1991
      30 words
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  • Article, Illustration
    India redoubles effort to attract foreign exchange
    554 26  -  Little relief in sight for Singapore exporters By Salil Tripathi EVEN AS MANY Singapore exporters are writing India off as a bad debt, as reported in BT on Monday, India's ministers and bureaucrats are working overtime to get foreign exchange inflow moving again
    554 words
  • Article
    Lock icon MIER sees M'sian economy growing 7.7pc this year
    468 26 Bernama THE MALAYSIAN Institute of Economic Research (MIER) says the growth of Malaysia's gross domestic product (GDP) will moderate to 7.7 per cent this year and slow down further to 7.3 per cent in 1942. The 1991 projection is lower than the
    Bernama  -  468 words
  • Article
    Lock icon M'sia agrees to release Malayan Railway land
    183 26 Bernama MALAYSIA has agreed to release Malayan Railway land in Singapore, including reserve land, to the Republic, Malaysian Deputy Prime Minister Ghafar Baha said yesterday. Singapore and Malaysia would both benefit from the development of the Malayan Railway land, he added. Mr Ghafar,
    Bernama  -  183 words
  • Article
    Lock icon More US construction firms heading East for work
    385 26 IHT A PLAN by Taiwan to improve infrastructure, the environment and services carries a US$3OO billion (***** billion) price tag, overshadowing Kuwait's plan for rebuilding after the Ciulf war. Taipei's plan is the most striking example of contracting opportunities in Asia, where
    IHT  -  385 words
  • Article
    Lock icon Jakarta to phase out Swiss firm's role in customs
    221 26 AFP i INDONESIA will phase out a Swiss-based firm's role in conducting overseas customs j inspections for imports and replace it with a local company, Finance Minister Johan- nes Sumarlin said yesterday. The government will extend. Tor only three months, its
    AFP  -  221 words
  • Article, Illustration
    Fleeing Acehnese not a strain on KL-Jakarta ties
    394 26  -  By Yang Razali Kassim THE SECURITY problem in Aceh. northern Sumatra, has not disturbed Indonesia's elose bilateral relations with neighbouring Malaysia, a visiting senior Indonesian official says. Ties between the two countries remain unaffected by the flight of about a hundred Acehnese
    394 words
  • Article
    Indon elections next year to be more democratic and open
    304 26 NEXT YEAR'S general election in Indonesia will be more democratic and open, reflecting the new spirit of openness in the country. This was disclosed by the visiting Indonesian directorgeneral in charge of socio-po-litical affairs, Mr Hari Sugiman. at a press
    304 words
  • Article
    Lock icon Philippine Airlines to be privatised despite debt problems
    292 26 AFP THE HEAD of state-owned Philippine Airlines (PAL) pledged yesterday that part privatisation of the national Hag carrier will go ahead in August or September despite problems with its debt reduction plan. "We are looking for a way to sell PAL without
    AFP  -  292 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      97 26 u fS/ICDF^ The Richness Of Leather Handmade To Perfection. No. 1 Coleman Street. An address of distinction. Ideal for medium and large companies. Immediate occupation. Office units with areas ranging from 1,400 sq ft to 29,000 sq ft at attractive The Adelphi is ideal for medium and large <ji||||||||lll ll|||||||||||j
      97 words
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      Page 26 Advertisements Column 2
      12 26 M'sia to cap oil output in spite of higher capacity. Pg 24
      12 words
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      Page 26 Advertisements Column 3
      144 26 u l\/ll II—< The Richness Of Leather Handmade To Perfecrion. Tear-Away Prices Only at China Palace Daily Special Just look at the prices! You >ronio f lon Dishes MOfrl simply can't tear your eyes j Sj utee j kln |f away. From Monday to pra ns butter Saturday, everyday a
      144 words
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  • ShippingTimes
    • Article
      Lock icon Outlook for shiprepair industry positive: study
      403 27 Reuter THE OUTL OOK tor the shiprepair industry in the 1990s is generally positive as it has shed many of its fixed overhead eosts, a study said. Drcwry Shipping Consultants Ltd said it was cautiously optimistic that a temporary downturn would not result in
      Reuter  -  403 words
    • Article
      Lock icon Haven shipowner and insurer to pay damages
      226 27 Reuter THE shipowner and insurer of the oil tanker Haven will compensate Italy for the damage caused when the vessel sank off the port of Genoa on April 14 with more than 143,000 tonnes of crude oil on board, the legal company managing
      Reuter  -  226 words
    • Article
      Japan to help improve Soviet rail network
      469 27 JAPAN'S railway companies, backed by the Ministry of Transport, are poised to offer major assistance to the Soviet Union to improve its dilapidated rail network, said a \ihon Kcizai Shitnhun report According to sources. East Japan Railway Co (JR Fast) is taking the
      469 words
    • Article
      TWRA members to half fuel surcharges in May
      320 27  -  By Rahita Elias FOLLOWING the slide of bunker prices down to 1989 levels, the Transpacific WestI bound Rate Agreement (TWRA) member lines will cut fuel surcharges imposed on shipments to the lowest levels since the Fuel Adjustment Factor (FAF) was intro- duced
      320 words
    • Article
      Lock icon Better service with K-Line, Mitsui tie-up
      326 27 Bernama K-LINE Maritime (Malaysia) Sdn Bhd says its coordinated vessel-sharing arrangement with Mitsui OSK Lines, expected to commence in June, will mean improved frequency, shortened transit times and better port coverage. Outlining the benefits the new joint-service would bring to shippers, K-Line said that
      Bernama  -  326 words
    • Article, Illustration
      Indian Airlines to launch second flight from S'pore
      442 27  -  By Said Abdullah COME MAY 6. Indian Airlines will take another step nearer to realising its aim of making Singapore a focal point for its regional service when it introduces a second Airbus 300 flight from Singapore. "The second Airbus 300 flight
      442 words
    • Article
      Lock icon China keen on buying more MD-80
      147 27 Reuter McDONNELL Douglas Corp chairman John McDonnell said on Monday that China wants to negotiate a deal that could lead to the co-produc-tion of 150 more M[>Bo airliners. "We have been notified by the Chinese that they want to proceed with detailed negotiations for
      Reuter  -  147 words
    • NEWS SUMMARY
      • Article
        Subsidy stalemate could mean anarchy
        43 27 Talks aimed at reaching international agreement to phase out shipbuilding subsidies look no nearer to a settlement after nearly two years of talking and pressure is now growing to find a political solution, reports John Landells Page 2
        43 words
      • Article
        Airborne Freight sees growth rising in April
        45 27 AIRBORNE Freight Corp said April shipment growth has picked up in the first three weeks of the month, although it is unlikely to approach the 36 to 38 per cent growth rates attained in previous quarters. Back Page
        45 words
      • Article
        US$85m suit filed against tanker owners
        43 27 THE owners of a Greek tanker that sank off Newfoundland with no survivors were accused in an USSBS million (SSISI million) negligence suit filed on Monday of "callous" disregard for the safety of those aboard... Back Page
        43 words
      • Article
        A supersonic battle for the sky
        41 27 THE US Air Force this week is expected to award the most lucrative aerospace contract in history, choosing a futuristic fighter jet design for a project estimated to cost at least USSBO billion Back Page
        41 words
      • Article
        US oil port may have to prorate May deliveries
        41 27 THE SURGE in crude oil deliveries coming into the United States' only deep water oil port may force operators at the Louisiana Offshore Oil Port (LOOP) to prorate May deliveries Back Page
        41 words
    • LOG BOOK
      • Article
        Cargo being discharged from Angelic Spirit
        62 28 < \RGO is being discharged from the damaged 65.767 dwt tiicek bulker Angelic Spirit at San Pedro. California, Lloyds Shipping Intelligence Service said in London. Ihe vessel, I ound for Cihent from Vancouver, was surveyed afloat at I ong Beach on April 14 atier
        62 words
      • Article
        Bahrain telecom profits up 3.5pc
        67 28 I UL Bahrain Telecommunication Company (BATELCO) icported a 1990 net profit of 21.34 million dinars, up 3.5 i cent over the previous year. BATELCO chairman Ibra11i111 Mohammed Homeidan. who is Bahrain's Transport Minister, said in Manama that the rise was due in part to n
        67 words
      • Article
        Elbe ready to resume voyage
        65 28 I 111 Liberian-registered tanker Elbe has completed tempoi.tiv icpairs after striking a lock in the Panama Canal on July 20 and is expected to resume its voyage today. Lloyds Shipping Intelligence reported in London on Monday. The 66,380-dwt vessel sustained damage to its hull and
        65 words
      • Article
        Strike at vital Lithuanian port
        61 28 I ME key Lithuanian port of Klaipeda was at a virtual standstill on Monday after dockers went on strike to deiiniid more pay, the official Tass news agency said. Klaii ida is a vital northern warm-water port and a main I'tiduit for Soviet grain and
        61 words
      • Article
        New York sewers on fire
        83 28 A PETROL TANKER overturned at an entrance to a New York commuter bridge on Monday, spilling its cargo into icwcis that ignited into tlames and creating a massive tiaffic jam in two of the city's five boroughs. F ires set off'by the spill at the
        83 words
      • Article
        Mineral Diamond feared sunk
        95 28 1 HE Hongkong-registered bulker Mineral Diamond with 27 crew on board is missing and believed sunk in a cyclone 1.50U nautical miles west of Perth, Australia, a South Miican radio operator said on Monday. The operator at t ape Town Radio, which handles marine signal traffic
        95 words
      • Article
        Cuban refugees arrive in Miami
        59 28 GROUP of Cubans seeking asylum in the United States •ilived in Miami on Monday after seizing a ship, tying up its crew and steering it to Florida. US officials said. The US Coast Guard said 15 Cubans docked the Patricio Lumumba, a Cuban freighter, at
        59 words
    • Article, Illustration
      Lock icon Stalemate over shipbuilding subsidies could mean anarchy
      926 28  -  Talks aimed at reaching international agreement to phase out shipbuilding subsidies look no nearer to a settlement after nearly two years of talking and pressure is now growing to find a political solution, reports John Landells John Landells Lloyd's List PICTURE this report
      Lloyd's List  -  926 words
    • Article
      DAILY FREIGHTS
      1466 28 1111 PHYSICAL freight market i Monday continued firmer on 1 -li chartering demand, while ovvnets raised rates on expecta'i is of Soviet business, brokers ikk Njinially a seasonal decline under way by this stage of the r. But delays by the Soviet 'tiii'u in placing grain business I
      1,466 words
    • Article
      Lock icon WEEKLY FREIGHTS
      540 28 AFP I IR\II K trend in the second half of the week, encouraged hy speculation that the Soviet Union would he making large grain purchases in May and June, left freight rates steady o\er the past week here. Speculation was prompted hy the Sox ict Union's request for
      AFP  -  540 words
    • Article
      THE SHIPPING GUIDE
      12981 36 I his is a list of ships loading at Singapore tor ports around the world. It tabulates, by destination, the name of the >hip. the shipping line invoked and the estimated dates ot arrival and departure from the Fort ot Singapore. Advanced dates are published for a
      12,981 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        724 43 Vessel Voy No Berth Arrival Departne n >jl P»«*w Keppd Wharves Batammdo 1 33S MIA 24 04 0800 24 04 1700 Bays*ater 118 ****** K33 alongside 23 04 1400 Kalimantan 1 13 91 M4B 23 04 1615 23 04-2359 Cora Piess 022 (P) K29 alongside 23 04
        724 words
      • Article
        CONTAINER SCHEDULE
        1609 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookiif/Baiance RsNs Ship Voy No Etb/Btr Period From To From ACX Daisy 12 27/0200 4 Cancelled Aysen 19N 26 0200 1 23/1500 23/1659 23/1900 2 23/1700 24/0659 24 0900 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 B Butang
        1,609 words
      • Article
        IN MALAYSIAN PORTS
        265 43 Penang Port j Berth n BUt«worth on W 24: 1: Victory; 2. Builder III: 3: rr Santos. 4: ni: 5: Wa Bhum; 6' Bridge renanf nturf MB: ml: CB ml; S8: ml. BCT: 81. Bunga Kekwa. Bit ml. I/B: ml VOIP ml. IX* on Apri 23: Equator
        265 words
    • Article
      Lock icon Airborne Freight sees growth rising in April
      384 44 Reuter AIRBORNE Freight Corp said April shipment growth has picked up in the first three weeks of the month, although it is unlikely to approach the 36 to 38 per eent growth rates attained in previous quarters. "It's going to improve," Airborne chairman
      Reuter  -  384 words
    • Article
      Lock icon US$85m suit filed against tanker owners
      219 44 Reuter THE owners of a Greek tanker that sank oft' Newfoundland with no survivors were aeeused in an US$B5 million ("SSISI million) negligence suit filed on Monday of "callous" disregard for the safety of those aboard. The suit was brought in New York State
      Reuter  -  219 words
    • Article
      Lock icon US oil port may have to prorate May deliveries
      284 44 Reuter THE SURGE in crude oil deliveries coming into the United States' only deep water oil port may force operators at the Louisiana Offshore Oil Port (LOOP) to prorate May deliveries. "We're filled up as far as the number of vessels
      Reuter  -  284 words
    • Article
      Lock icon UN should have spy satellite, says Perez de Cuellar
      303 44 Reuter UN SECRETARY-GENERAL Javier Perez de Cuellar said on Monday the United Nations should have its own sp\ satellite to pinpoint troublespots around the world before violence erupted. An independent UN observation satellite would have been able to show Iraq's threatening
      Reuter  -  303 words
    • Article, Illustration
      Lock icon A supersonic battle for the sky
      412 44 AP THE US Air Force this week is expected to award the most lucrative aerospace contract in history, choosing a futuristic fighter jet design for a project estimated to cost at least USSBO billion (SSI36 billion). Air Force Secretary Donald B Rice will select
      AP  -  412 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      143 27 I m UNITED I Em UASINGi SERVICES fTEUD Call Tel: >*****^15^1 J NOL introduces NEP TUN EL INK A 24-hour automated telephone enquiry system. AWWAIVIIVWIWAiW Simply dial in to Neptune Link at *****00 and you'll get instant access to 6 of the most common types of information you'll need to
      143 words
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      Page 27 Advertisements Column 2
      29 27 Container Schedule 17 I Datty F 2 lnde> to Advertisers 3 Shipping Guide 10,11 Ships in Port 17 Singapore Tides 17 Weather and Sea Conditions 17 Weekly Freights 2
      29 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      69 28 NOTICE 1 vf.V F.SPERANZA ACE VOY. 18 ARRD SINOAPORF. 13.4.91 ONSKJNRHS OP ALL DAMAGED MMOH BX THE CAPTIONED VESSEL IS HEREBY NOTIFIED WAT A GENERAL SURVEY WD J. BP lIFJ.D ON TJIE 2STII APRIL 1991 (THURSDAY) KEPPEI. WHARVES AT K 29 0900 1200 HOURS. NO FURTHER SURVEY WIIL BE t
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      2395 29 V IMO *"00 Cjntonmvnt #12 05 Southpmnt, ,'<• 0208 V* I All If# lUfX RS 241/9 WllHiH '<•! JJOO2IB 220 BOOKINGS Id *****14 2SB L VWw M PtSAKA JARDINE SHIPPING AGENCIES SON RT "HANG lEI 3****** TELEX NO MAI94>7 MA***** JMBBB PENANG TEI *****4 TELEX NO MA***** CtS lEI Mm
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      Page 29 Advertisements Column 2
      1241 29 INDEX I TDMWRIjSERS I'agf Col Page <ol A I c I M ABC Conuinerlinc 12 I M' R F 13 1/3 Accord Group 8 1-3 Mac-Nek Agencies 14 1/2 \PS 15 2 Macoline 9 4/5 Ahrenkid Liner 16 3 Madju Sdn Bhd 15 1/2 Alfred C Toepfer 15 5 •MaerskLine
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      Page 29 Advertisements Column 3
      2411 29 ■BMMI SINGAPORE TO HONGKONG IN 4 DAYS ETO SINGAPORE IST MAY. 1991 MCKINNEY MAERSK VOYAGE 9102 ETA HONGKONG 4TH MAY. 1991 Vessel Voy Ef A ETO *Pofl *Penang DESTINATIONS Singapore Keiang Thi* Mc Kmncy 910? fifdw by 4 OMO HAS Pmiu CFS 29* ?359 MRS OAK LGB HOU MEM ATI
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      1335 30 POTTE DAM/1 VOY NO S PORE SOUTHAMPTON HAMBUHG ANTWERP LE HAVRE |IBVfH HANNOVER EXPRESS 02'31S 23/4 9/5 11/5 14/5 15/5 iKmSI KATSURAGI 05/116 26/4 16/5 14/5 13/5 THAMES 05/316 26/4 14/5 16/5 19/5 20/5 L LA SEINE 01/11/ 2'5 23 5 21/5 20/5 CGM PASCAL 01/317 5/5 22/5 24/5 2"5
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      Page 30 Advertisements Column 2
      582 30 ■SjwggLljm DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT L J BONTANG 2103£ 28.4 15/5 18/5 23/5 At SO ACCEPTING CARGO VIA SUVA TO lAUTOKA PAGO PAGO APIA ft NUKUALOAFA DIRECT CHILE SERVICE SIN too ANF VAP CLX SAI (PERU) L J BONTANG ?tO3E ?B/4 676 7(6 10/6 I?' 6
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      Page 30 Advertisements Column 3
      1404 30 SUSMSt HiwfHH REGULAR INDEPENDENT FULL CONTAINER SERVICE w£§T66und for europe VSL VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA ALG) ROT) ARABIAN SEA 108W 03/05 03/05 74/05 78/05 29/05 30/05 31/05 01/06 02/06 NORASIA SUN 9109 3 06/05 76/05 27/05 31/05 01/06 02/06 03/06 04/06 05/06
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      2238 31 BgSteointra Maritime Holdings Ltd P&O I PnW 11 Containers amMBB —-.j-yiiM i»o» Ik .Pw Pill S pore Al( Sou AM tot Mb* ACCEPTS DUE SAILS LEDA MAESSk '>106 1 004 ?2 04 25 04 0905 12 05 1305 IVOS CARCO HO»lOON BA» OSI6 3*o* 22M 27 04 14OS 16.05 18,05
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      Page 31 Advertisements Column 2
      2209 31 TO- II SA/PANAMA FMt 'I a A /PANAMA NYC NOR SAV CUt LGB OAK SP SP OA* IM C»l rt» SAV NO* NYC ranMTlf RMA UJ 111 29 3 n J V« m 1W 12 5 BRUKN SENATOR IF 117 4S MS Iff »> >« JJ» dsr OAIUANO 114 W
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      Page 31 Advertisements Column 3
      389 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL VOY SP PK KUC |~KK TANJUNC EMAS li lid liTpt SONBAI 6 ~2M "COSMIC TRADER V In Pt ASIAN CLIPPER 101 "2M 30<4 KOU SHUN lo nn MILLION TRADER 4 ~29/4 2/S TANJUNC PERAK "1 »1 "SI ORANGE MOON ~12
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      732 32 HAU CR NBR **********0-O EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VStVOY |~SPO«E~ RDAM, ADAM H BURC BREMEN ANTWERP KUTAI22WB I(VS 8,6 14.6 19,6 22/6 NAIAKAM/2SKB 10/6 14,7 21/7 26/7 29/7 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|ect to Inducement Also accepting cargo lo Casablanca. Port Said. Port Alexandria. Genoa. Trieste AISO
      732 words
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      Page 32 Advertisements Column 2
      1087 32 If ift HANJIN SHIPPING S-aor.lllH RIM ANR HAM BRV Ffl IUtOER VSI SIN LINE HAUL LAX OAK H haniin TnNrMAf in. w i n. T M s IHANJIN OAKLAND 013E 2514 H ROTTERDAM 014E M/ 5 HAN N FHT£?O£ M*» 5 5 211 ?5 5 55 fit «5 BHANIIN ROTTEROAB
      1,087 words
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      Page 32 Advertisements Column 3
      1310 32 _j .i I PKL SCP HKC KSC KLC PUS MKT 'oSK NGY SHU TYO LAX CHS BAL NTC LHV ANN ROM TMP HBG PSD CMB PKL SGP I E GOLDEN Re 010 M<« 25/4 »t 2/5 3 5 S 5 15 10/5 11/S 12ft 13/5 2«'S sft ?ft »ft 1&.6
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      2061 33 V NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) z BOOKINGS: UK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INDIA/PAK SERVICE-*****18 FAR EAST SERVICE *****48 MM MK TERMINAL OFFICE *****22 DOCUMENTATION DEPT: *****44/*****14 CFS: K27 IMPORT: *****69/*****50 CFS:K27- EXPORT; *****53/*****04 mmK nepune sdn bhd Malaysia 'jrjr K.L.-(03) *****33, P. Kelana(o3)
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      Page 33 Advertisements Column 2
      1154 33 SMSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (EESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) MSCmWGIHC FROM EASTBOUND LOADIHC fOO WtSTBOUHD vfssjTTs wo* |vn |mia voy fsTS |pm hbc bmv til ktm »nt bcl
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      1392 34 K* mmm V- ft AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****79 lJ MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD MV M 1 M2J TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA, LTD. INDONESIA P.T. SARANA LALTT
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      Page 34 Advertisements Column 2
      1334 34 p m PHIU-OMCNT LIN€S PTC LTD I<oB ROBINSON ROAD *0/00 GMG BUILDING SINGAPORE 0106 TEL *****??<*****69 *****00 TELEX RS ***** PHILI FAX *****76/*****38 ir JjXBY AIR, LAND OR SEA \'*oT WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGI IT FORWARDERS ASSOCIATION 29 APR MONTREAL, Ottawa, toronto, VANCOUVER,
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      1667 35 PACIFIC INTERNATIONAL LINES (PTE) LTD *****55? M PIL Building, 140 Cecil Street #0300, Singapore 0106 JAKARTA I t BANGKOK 1 VLSSEL VOY SIN JUT SIN VESSEL VOY SIN BKK SIN r. .1 c HAI GUANG 9104 25/4 28 4 2/S 5 INGENUITY 130N 27/4 30/5 4/5 BI'NGA TERATAI 173 30/4
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      Page 35 Advertisements Column 2
      1166 35 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VFSSEL NOS T rrEHAVRE I ROTTERDAM SHAMPTON HAMBURG GOTHENBURG 1 I FRANCE HOLLAND UK GERMANYSCAN SWEDEN Toyama* 1 116 24/4 16/5 17/5 j ~Konigan 1 128 30/4
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      636 35 m 1 MYANMA FIVE STAR LINE V\ (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg MYITKYINA V427W 25i26 Apr HPA AN VI62W 22/27 Apr PAGAN VI69W 30 2 May MVOMATWA VI3SW 4/7 May 30,3 May THE BANK LINE (A service of Andrew Weir Shipping) SEMI
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      762 38 TO AUSTRALIA/NEW ZEALAND" isl [F-OTI iMe Q Is,a pw* [P~ CHALK MARTHA 11 269 29 4 5 5 12,5 15 5 20/5 .'2 5 24 5 ELLEN HUOIC m I*s M 5 265 SI 51 6/6 BRUSSEL 271 2»T T» lcT 1416 19 6 216 23 6 C tfEROiMC 2/2
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      1000 38 EXPORTS TO HONGKONG. TAIWAN JAPAN TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNG JKT SIN HKG KAO KEE TYO SM2 NGO KOB VESSEL VOY SIN [PKL PNG BLW SIN ACX DAISY 12 27 4 '22 4~" 264j ~3 5 7 5 8 5 95 EQUATOR PRIDE «8B _25
      1,000 words
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      Page 38 Advertisements Column 3
      180 38 P.T. UNITED SHIPPING "oP ORGANISATION LTD I OIHIC7R»O«JLAHSmVKtS JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA t SURABAYA Wbr Accept cargoes to all other Indonesian porta with transhipment at Jakarta or Surabaya. DESTINATION ETA ETD VSI a JAKARTA 24/4 25/4 P SUMATERA W 1/5 1/5 P JAWA 105 11/5 P KALIMANTAN
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      Page 38 Advertisements Column 4
      1714 38 Afe t m E? CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE 2»i*» D 2. MISTRI ROAD. HMC BUILDING TELEX. US **»CO SH,p *15 00. SINGAPORE 0207 FAX. 2»lBtt CR NO: 1178/*****0*1 CABLE. COSTARLINE General Agents: GO6TAR SHIPPING PTE LID TO HONGKONG AND CHINA FROM HONG KONQ AND CHINA VESSEL
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      767 39 OUR WARMEST REGARDS AND CONGRATULATIONS TO CHINA OCEAN SHIPPING COMPANY ON THE OCCASION OF THEIR 30TH ANNIVERSARY MEGAPAC TEL 221-9018 Singapore FAX 226-1628 POSEIDON CONTAINER TRANSPORT GMBH HAMBURG G. ACTS SOTRA USSR TRANSSIBERIA RAIL TRANSSEA Through B/L and Charges to Inland Destinations AFGHANISTAN IRAN EAST EUROPE Hairatan Torgundi Kabul Djulfa
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      Page 39 Advertisements Column 2
      361 39 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) lfs A ETHIOPIAN SHIPPING LINES E/ (National Lines of Fthiopia) ACCEPTING FCL AND CONVENTIONAL" VCSStI IVOV CIA [lOAi> spont AftBAV WfOMZ .'BWO Jd ol> OARESSALAAM MOMBASA OjiBOUM ASSAB MASSAWA NC 1 SANE F
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      Page 39 Advertisements Column 3
      756 39 *«*rrM*urKW*u P. T. 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
      756 words
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      Page 39 Advertisements Column 4
      884 39 SYDNEY/MELBOURNE BANGKOK VESSEL VOY S PORE SYD MEI VESSEL |vOT SINGAPORE BANGKOH PLANET* OMB 7 3/5 16 18/5 20 22/5 NANTA BHUM 38N Fri 264 Mon PIYA BHUM 14-15/5 27-29/5 31-2/6 BENJA BHUM 03N Sun 28,4 Wed lT" fLANETA 0849 2 3/6 15 17/6 19 21/6 SIIM BHUM# 482N Tue
      884 words
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      Page 40 Advertisements Column 1
      1302 40 A MAC-MELS SINSAPOBE fw*" til «»twT] wrwr ra: ttiwwt PENANG TEL (04) *****6 .KK |TEL (088) *****0 TAWAU TEL (089) 7/86/9 P KELANG TEL (03) *****77 KUCHING TEL (082) *****3 SKAN TEL (089) *****2 J BAHRU TEL (07) *****2 SIBU TEL (084 *****2 SARIKEI TEL (084 *****8 > JAKARTA TEL
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      Page 40 Advertisements Column 2
      396 40 ITZW BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FT LI <Y CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS AC CEPTING FCL LCL FOR AUCKLAND. NAPIER. WELLINGTON. BLUFF, CHRISTCHURCH. DUNEDIN. LYTTELTON. INVERCARGIL. FIJI AND TAHITI SIN N PL* AUCK IVT MAHSURI 05W In Pt 4 May
      396 words
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      Page 40 Advertisements Column 3
      752 40 I /351 THONG SOON LINES PTE. LTD. 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 *****55 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH vessel IviT In* Jdest
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      Page 40 Advertisements Column 4
      326 40 OUR NEW CONSOL TO Iflj CALCUTTA ft J= STJF CHITTAGONG ALSO CONSOLS TO: BANGKOK EUROPEAN PORTS WEEKLY 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) J PORT LOUIS AND DURBAN CALL
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      669 41 t iiiivay vwuvowwj *»!*■■> St»-n COMPANIA PERUANA vBl DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO. MATARANI. ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING Penang* P Kelang Singapore E Msia THOMASEVERETT lUO|2S Apr KARABIEVERETT 12/11 May li/V Apr SHAPIAEVERETT 30 Mayfll
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      Page 41 Advertisements Column 2
      515 41 VSL Ivor js PORE SIAINLINER |IAX [WST SAV NYC HfX ZIM ALEXANDR A 66£ 114 ZIM MAifA AS 4,» h* W /IM SINGAPORE JSt JS 7.M XttIUNG IOfS 19* 72,* W 7M ZM YOKOHAMA Ist 13 S ZIM KEELUNC 10.6 19 4 22* 2H LtEWARO li.b lIM AMERICA 16,* 2V*
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      Page 41 Advertisements Column 3
      775 41 Ml SING HWANG HANG! SHIPPING 4 TRANSPORTATION (PTE) LTD MWM WEEKLY LCL/FCL SERVICE fyEisjl S PORE JAKARTA SURABAYA RAJA BHUM VB6S 26/4 29/4 JENWEL V 1 /3N I 3/5 I I 6/S VESSEL S PORE BANGKOK A VESSEL 2714 30/4 A VESSEL 2/5 5/5 DESTINATIONS ETA SINGAPORE PORT KELANG 26
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      Page 41 Advertisements Column 4
      612 41 PERINTIS LINE 11 1 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY JATIDIHI 929 27/04 30/04 PHASE TIA 165 A 02/05 05/05 JATIDtRI 930 04/05 07/05 DASA LIMA 909 07/05 10/05 TANTO UTAMA 159 01/05 04/05 TANTO UTAMA 161 06 05 11/05 General Agents ASIA
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      Page 41 Advertisements Column 5
      470 41 SIN FAR EAST 26'4 KEELUNG/KAOHSIUNG 26/4 BANGKOK 27/4 MANILA/CEBU 264 JAKARTA/BELAWAN,SURABAYA 26/4 PORT KELANG/PENANG/E. Malaysia 26/4 BUSAN 29/4 TOKYO YOKO/KOBE/NGO/OSA 29/4 HONG KONG SIN CHINA 29/4 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI; XINGANG TIANJIN/QINGDAO HAIKOU also accepting LCL cargo SIM EUROPE/UK 26/4 LDN/FLX/LVP/SOU 26 4 RDM HAM/ANT/LE HAVRE,GENOA/OSLO also accepting cargo to Austria'
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      Page 42 Advertisements Column 1
      656 42 m Straits Container Agencies! (a member of Steamers Mjritime Holdings Ltd) CONTAINER FEEDER SERVICE P I ANCKUTAN PERTAMBANCAN SERVICE VESSEL VOY SPORE JAKARTA SURABAYA lAKARI I 16% 22 APR 24 ARR TAKARI IV 408U 25 APR V ARR TAKARI I 1698 29 APR 01 MAY lAKARI IV 4082 02 MAY
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      Page 42 Advertisements Column 2
      316 42 MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL D>)HA jAMMAN SMARIAH. DOHA MUSCAT BAHRAIN ABU DHABI BANDAR ABHAS. JEODAH FAR EAST ACCEPTING FCL/LCL PtNANG P KELANG JAKARIA, BANGKOK. HONG KONG. TAIWAN iAPAN MANILA, KOREA UK/EUROPE ACCEPTING FCL'LCL LONDON FfLIXSTOAt If LOS. lILBURY ABERDEEN. Lf HARVE. HAMBURG ROTTERDAM ANTAfP, GOTHENBURG COPENHAGEN
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      Page 42 Advertisements Column 3
      590 42 SHIPPING CORP. SDN BHD LXjICm PT KUNG TEL 03 *****06 |6 lIMI| FA* *****11 PENANG UL 04 63?9?9 SKAN TEL OS9 Z***** dZ SHU TEL 084 318(7? TAWAU TEL 089 *****9 KX TEL 088 Z422&0 KUCH TEL 082 *****3 M SIA TO USA CANADA CONTAINER SERVICE JSfDtR VOY PEN PKt
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      Page 42 Advertisements Column 4
      334 42 CUJj COMURV inTERffIODRL^i J LCL/FCL SERVICE FROM f H B WCM op«nrtM ovw 600 l»rminal«/of1lo«s In UJSA 1 II m CUM maintain* ov«r 15,000 tractors ft trucks. V II M CUM —rwomroo,ooo points in (USJL J CUM of* rsltabls LCI/FCL Mrvioss. General Aganti 7KAMS-L/A//C a/) PENANG- KL: allied-link SINGAPORE: SBffr
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      Page 42 Advertisements Column 5
      485 42 SEB3BB FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 35N8 27/4 .CAPITAINE DAMPIER SNB 4j> BANGKOK 28 4 5/5 BUSAN <5 9 5 HONGKONG 4/5 9/5 DURBAN,PT LOUIS 1/5 13/5 KEELUNG 284 5,'5 USA 29 4 6/5 PT KELANG 26 4 3/5 KOBE 28 4 5 5 PIRAEUS 8/5 17/5 OSAKA 27
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      Page 43 Advertisements Column 1
      879 43 more frequent flights worlmde NEW ZEALAND FIJI 1 VESSEL Jkt PK( Pe* 'Bkk Sia SUu A.ckliad fi|i|A| Ptre»*tk|A| Tiun Lflteltia|B| o**Hi*|Bl kilter Wttti*ft»*|Cl Ti.rufi N Rotterdam 9109 27 4 29 4 30 4 30 4 1 5 4 5 17 5 24 5 19;5 20;5 21/5 21/5 22/5 23/5 24,5
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      327 43 tideTandweather TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 **********00 1400 *****600 **********00 2000 2100 2200 2300 IR 15 14 14 1.5 1 7 19 2.2 25 25 24 21 1 7 1.3 10 07 07 07 10 14 18 22
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      Page 44 Advertisements Column 1
      737 44 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 SEA LINE HAUL WW TCM SEA PTL WAN HAI 203 012 21/04 23/04 24,04 H EXPLORER 25£ 20/05 23 05 26,06 TOWER
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      Page 44 Advertisements Column 2
      589 44 CHARTPOINT Every Saturday in Business Times NOTICE Bills of lading no. 4FXTOI2O issued by Mac-Nels Agencies on MV "CHUN HE" V.56W ETD SIN: 2/3/91, is now cancelled and declared null and void due to default in paymant. MAC-NELS AGENCIES PTE LTD., SINGAPORE UK CONTINENT (TRIO) c«»F. |||^^H Hambu'f to CooenlM|tfl
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