The Business Times, 22 January 1992

Total Pages: 50
1 50 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Wednesday, January 22, 1992 75*
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  • NEWS SUMMARY
    • 79 1 TUNIS Russia, anxious to maintain a role in the Middle East peace process, is pressing Arab states not to boycott multilateral talks set to open in Moscow next week. Syria and Lebanon have said they will not attend the Moscow talks
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    • 68 1 BANGKOK The Khmer Rouge warned yesterday that war was not over in Cambodia, reporting fresh fighting on the eve of a visit to Phnom Penh by the head of the United Nations Transitional Authority in Cambodia (Untac). It said 25 Phnom Penh
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    • 33 1 SINGAPORE delegates, on a four-day mission to North Sumatra, will look at trade and investment opportunities as the province seeks to diversify from agriculture into industry Page 3
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    • 35 1 THE American International Industries group, reaping the rewards of barter trade with Russia, clinched a US$5O million (SsBl million) deal last month to exchange food products and consumer goods for steel Page 4
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    • 40 1 OSAKA will offer Singapore companies and other Asian firms which set up shop in the Japanese prefecture's futuristic Rinku Town discounts on rents and other benefits, says the leader of a trade mission to Singapore Page 10
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    • 36 1 ANY SHORT-TERM fix for the staggering American economy will result in a "severe collapse" within a few years, says one of the seven governors of the US Federal Reserve Page 11
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    • 24 1 THE YEAR 1991 will go down as a year of significant change for the legal system in Singapore Page 15
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    • 30 1 NKK Corporation, Japan's second largest steelmaker, has applied for a patent to protect new technology it has created for vessels carrying steel products. Shipping Tiroes Page 1
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  • MARKETS SUMMARY
    • 48 1 LONDON share prices were slightly easier at midday yesterday, reflecting the impact of losses by leading stocks after an early futures-led rally fizzled out. At 1230 GMT, the FTSE 100 Index stood at 2,542.5, down 2.4 points. The Dow index was not available at press time
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    • 39 1 MEDIA GIANT Singapore Press Holdings (SPH) will continue investing in the electronic media business while adopting a more cautious policy on the expansion of its traditional newspaper business, says executive chairman Lim Kim San Page 6
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    • 34 1 MALAYSIA'S national car manufacturer, Proton, issued its prospectus yesterday, convincing analysts of a brisk reception for its shares which are to be listed on the KLSE in late March Page 6
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    • 37 1 THE year 1991 was a busy one on the Malaysian bourse and listing fever is expected to continue this year with a swag of companies set to surface on the KLSE Page 6
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    • 31 1 HONGKONG and Shanghai Banking Corp plans to return to Ho Chi Minh City, 17 years after communist tanks closed its operation in what was then Saigon Page 9
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    • Article, Illustration
      29 1 Tuesday Change BT-MGA 745.62 +2.70 Kuala Lumpur ....570.57 -1.66 Tokyo 20.858.30 -55.52 Hongkong ..4,522.21 11.74 Sydney ....1,643.8 -27.8 Monday Change New York ..3,254.03 -10.95 London 2,544.9 8.2
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    • 23 1 Exchange rates USS SS 1.6320 >00 Yen SS 1.3161 MS SS 0.6065 Money market rates Overnight 3 3/8 +7/8 3-month 3 unch
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    • 36 1 London Gold AM fix US$357.35 +USS0.75 Rubber S'pore Feb 130.75Vkg +1.00 M'sia Feb 2l6.00«/kg +0.50 KL Tin Turnover 32 tonnes -38 Spot MSl4.34/kg +0.04 Crodo palm oil Turnover 394 lots -562 Feb MS908 /tonne 3
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  • 357 1  -  Flotation is likely to attract foreign investors From Maggie Ford in JAKARTA JAKARTA'S most prestigious shopping centre and hotel complex, the Plaza Indonesia, will be publicly listed on the stock exchange this year, in an issue which is likely to attract strong
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  • 455 1  -  By Sylvia Wong SINGAPORE The cashrich supermarket cooperative NTUC Fair Price intends to be an active player in future HDB land sales. Its general manager, Lim Ho Seng, said yesterday it wanted to buy more property for expansion and would spend most
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  • 349 1  -  Receivers trying to sell company's assets By Joseph Rajendran SINGAPORE A leading Singapore software company, Information Engineering Services (lES), has been placed in receivership in a move that has surprised the local computer industry. lES, which is now managed by receivers KPMG Peat
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  • 652 1  -  They see some Asean states not sticking to accords From Yang Razali Kassim in JAKARTA COMMENTS of two key Indonesian ministers ahead of a pre-Summit ministerial meeting in Singapore this week suggest unease among the Indonesians over perceived shifts on the part
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  • 190 1 AFP MANILA The Philippines will propose allowing the US Navy to use Subic Naval Base on a commercial basis after Washington turns the facility over to Philippine control this year, President Corazon Aquino's chief aide said yesterday. Presidential Executive Secretary Franklin Drilon
    AFP  -  190 words
  • Page 1 Advertisements
    • 219 1 High fashionfabrics from hah j^|||||| Available at all leading tailors Aircraft Schedule 31 Money Changer Rates 31 World Stock Markets 28 Commodities 30 Money Market 29 Company News 6-8 Regional News 10 Cryptic Crossword 31 Regional Stock Markets 27 For market indices, editorial. Editorial 12 SES 20-22 advertising and circulation
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    • 121 1 I-aniixjo Mario Zm. More reports, Pg 2: India likely to become a sectoral dialogue partner Asean members hold divergent views on regional security More items added to Cept package EAEC proposal remains a sticking point It's time to put on your dancing shoes and head on down to the newly-renovated
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  • FOURTH ASEAN SUMMIT
    • 422 2 Participation to focus on trade, tourism and investment SINGAPORE India is likely to become a sectoral dialogue partner of Asean, with its participation within the six-nation grouping focussing on trade, tourism and investment. India's entry as a sectoral dialogue partner was recommended
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    • 329 2 SINGAPORE Asean senior economic officials yesterday added more items to the Common Effective Preferential Tariffs (Cept) package that is to be passed on to their economic ministers to consider tomorrow. They include plastics, vegetable oils, pharmaceutical and rubber products which make up a total
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    • 169 2  -  Summit reports by Yang Razali Kassim, Kenneth James, Loh Hui Yin, Chuang Peck Ming,Harish Mehta SINGAPORE The East Asian Economic Caucus remains a sticking point as Asean senior officials yesterday finalised the draft agreements on Asean political and functional cooperation. But officials have not
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    • 1043 2  -  Exclusive interview with Indonesian Foreign Minister Ali Alatas by Yang Razali Kassim in Jakarta Yang Razali Kassim FUNDAMENTAL divergences of position have emerged among the six Asean states over the question of redefining regional security in light of the new world order.
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  • Page 2 Advertisements
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    • 56 2 I 'lift ri TlcTf? ii ?c^(3 X JcJ Kj-^hyty MITA(P) 53/8/91 VOL 16 No 1 JANUARY 199? S4 □□ejehq SPINNING STOCKS L;-.li...J Govt-Iinked companies S Qj -1 rjn jjiH mm pmjH aSk/" H -*S&l st. J Prime Ministers Goh Available at newsstands from your newsvendor Times the Bookshops For subscription
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  • PAGE 3 NEWS
    • 333 3  -  From Schutz Lee in MEDAN DELEGATES from Singapore on a four-day mission to North Sumatra will look at trade and investment opportunities as the province seeks to diversify from agriculture into industry. Mission leader Seek Hong Chee said yesterday that Singapore companies looking
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    • 185 3  -  From Schutz Lee in MEDAN A SINGAPORE bio-tech company has entered into a research project with two universities in North Sumatra to grow high-yield banana plants. The company, VF Agrobusiness Pte Ltd, is providing clones and advice on agro- nomic practices to the agriculture
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    • 297 3 Reuter KUALA LUMPUR Vietnam and Malaysia have agreed to jointly develop disputed islands in the South China Sea instead of quarrelling over them. Malaysian Foreign Minister Abdullah Ahmad Badawi said yesterday. "It is better to work together and reap the benefits instead of wasting our
      Reuter  -  297 words
    • 255 3 Reuter TAIPEI Taiwan Prime Minister Hau Pei-tsun said yesterday he backed a Chinese "Common Market" combining the economies of Taiwan. China and Hongkong, though Taipei's poor relations with Beijing could delay such a plan. "The concept is absolutely correct. We should support the
      Reuter  -  255 words
    • 276 3 Reuter KUALA LUMPUR Malaysia yesterday unveiled a new Mineral Development Policy promising strong incentives for prospectors to help lift its ailing mining industry. No foreign mining firms operate in Malaysia but Primary Industries Minister Lim Keng Yaik said the government would encourage
      Reuter  -  276 words
    • 467 3  -  From Leslie Lopez in KUALA LUMPUR PROPOSED capital investment in Malaysia's manufacturing sector fell sharplv to M 523.56 billion (S$ 14.3' billion) in 1991 from M 548.80 billion the previous year. International Trade and Industry Minister Datuk Seri Rafidah Aziz said yesterday there
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  • Page 3 Advertisements
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 53 4 A EUROPEAN COMMUNITY business association has been formed in Singapore to promote two-way investment and trade. It is an umbrella organisation of national business groups from Belgium, Britain, Denmark, Holland, France, Germany and Italy. The secretariat of the association is at the Singapore International
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      • 40 4 THE Institute of South-east Asian Business will set up an on-the-job training programme in March. Up to 200 young graduates from the institute's member countries will undergo training in telecommunications, shipbuilding and repairing, steel-pipe manufacturing and computer programming.
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      • 61 4 THE Marketing Institute of Singapore and Standard Chartered Bank have jointly developed a graduate diploma for the marketing of financial services. Participants should have at least one year's working experience in the financial sector and a degree. It is a distance-learning course spread over 12 months. The
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      • 54 4 THE French Embassy and the Education Ministry are organising a second seminar on higher education in France. It is aimed at secondary and junior college students, especially those studying French, and diploma and degree students. The seminar will be held from Jan 29 to Feb 1 at
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      • 40 4 THE Port of Singapore Authority is organising the SingaPort '92 International Maritime Exhibition and Conference from March 25-28 at the World Trade Centre Complex. The event is supported by 12 key local and international maritime and trade organisations.
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    • 321 4  -  By Hong Lee Tiam THE American International Industries (All) group run by former Intraco director Baey Lian Peck is reaping the rewards of barter trade with Russia. All, which has been trading with the Russians for about a year, clinched a US$5O
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    • 419 4  -  By Selva Kumar MORE than a third of the successful bidders at the last tender exercise for motor vehicles will be paying less for their February Certificates of Entitlement (COEs) next month. After three successive months of sharp increases, COE prices
      Source: Registry of vehicles  -  419 words
    • 345 4  -  By Claire Leow US-BASED disk drive maker MiniStor Peripherals, which moved into a leased factory in Chai Chee this week, will invest up to US$5 million (SsB.l million) in its first year of production in Singapore. Company vice-president Joe Di Bene said two-thirds
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  • Page 5 Advertisements
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  • COMPANY NEWS 1
    • COMPANY BRIFFS
      • 46 6 SINGAPORE Multi-Purpose Holdings Bhd has received a writ from General Holdings Sdn Bhd, which is seeking Mslo million (about Ss6 million) under an agreement made on Nov 27, 1980. MPHB said it had instructed its solicitors to safeguard its interests.
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      • 42 6 SINGAPORE Wearne Brothers' US-based subsidiary, Advanced Logic Research (ALR), has designed and developed its first micro-computer, the ALR PowerFlcx SL. ALR said yesterday its research and development section was recently given five-year pioneer status by the Economic Development Board.
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      • 59 6 SINGAPORE Berjuntai Tin Dredging yesterday reported a group net loss of M$ 1.17 million (about S$700,000) for the six months to Oct 31, 1991, compared with a previous corresponding loss of M 52.74 million. Group turnover fell 36.4 per cent to M$ 15.75 million. Loss per
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      • 109 6 KLANG T K Autoparts Sdn Bhd, an associate company of UMW Holdings Bhd, has invested about Msso million (about Ss3o million) in the manufacture of high-precision steering links in the Subang Hi-Tech Industrial Area near here. The plant, with a production capacity of 150,000 units per
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      • 74 6 SINGAPORE Wharf International Ltd became an indirect substantial shareholder in Marco Polo Developments Ltd at the end of last year. This was due to restructuring within the Wharf group, under which the entire share capital of Dimbula Ltd was transferred from Peterhead Ltd to
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      • 33 6 SINGAPORE John Govett Management (Jersey) Ltd sold 400,000 shares in Trans-Island Bus Services for $1.78 each, or $712,100, on Jan 16, cutting its stake to 5.06 per cent.
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      • 23 6 SINGAPORE Singapore Computer Systems said its level of foreign shareholders was 21.21 per cent at Jan 17.
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      • 26 6 SINGAPORE Singapore Press Holdings has announced that Miss Ginney Lim May Ling replaced Mr Lim Ngak as company secretary from Jan 20.
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    • 475 6  -  By William Chia SINGAPORE Media giant Singapore Press Holdings (SPH) intends to continue investing in the electronic media business while adopting a more cautious policy on the expansion of its traditional newspaper business. SPH executive chairman Lim Kim San, in an
      475 words
    • 338 6  -  From Leslie Lopez MALAYSIAN car maker Perusahaan Otomobil Nasional Bhd (Proton) issued a prospectus yesterday, convincing analysts of a brisk reception for its shares which were to be listed on the Kuala Lumpur Stock Exchange in late March. But projections of a decline in profit
      338 words
    • 246 6 SINGAPORE International tyre distributor Stamford Tyres has reported a 22.6 per cent increase in turnover in its first set of results since its Sesdaq listing in September last year. For the six months to Oct 31, 1991, turnover reached $33.43 million, compared with
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    • 307 6  -  By Quak Hiang Whai SINGAPORE DBS Securities Singapore Pte Ltd looks all set to plunge into the .stockbroking business in Malaysia, after setting up a company to hold its stake in its proposed joint venture there. DBS Securities, which is tying up with
      307 words
    • 890 6 MBT KUALA LUMPUR 1991 was an action-packed year on the Malaysian bourse, and listing fever is expected to continue this year with a string of companies set to surface on the Kuala Lumpur Stock Exchange. Perhaps the biggest single event
      MBT  -  890 words
    • 381 7 Agencies HONGKONG The Yeh family and Lee Hing Development Ltd have proposed to privatise builder Hsin Chong International Holdings Ltd for HK$94O million (S$ 197.59 million). The two parties, which together hold 48 per cent of Hsin Chong's shares and 15 per cent
      Agencies  -  381 words
    • COMPANY BRIEFS
      • 123 7 FRANKFURT Japanese food company Marudai of Osaka is floating a bond issue on the German market for 150 million German marks (S$ 154.3 million), Deutsche Bank announced here on Monday. Deutsche is the lead-manager for the issue, and the other banks involved are Daiwa
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      • 60 7 TOKYO The chairman of the Daewoo Group, one of South Korea's largest business conglomerates, met North Korean president Kim II Sung in Pyongyang on Monday. Mr Kim and Daewoo chairman Kim Woo-joong talked "in an atmosphere overflowing with compatriotic feelings", said the Korean Central
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      • 69 7 BRISBANE MIM Holdings Ltd, a miner of base and precious metals, said it is seeking further reserves at its Tick Hill gold mine, officially opened yesterday, in far northwest Queensland. Tick Hill, about 110 km south-east of MlM's main Mount Isa operations, is producing at
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      • 69 7 TOKYO Toshiba Corp, Japan's biggest maker of electronic goods, has developed a prototype device that displays three-dimensional images. Using a matrix of 768 light-emit-ting diodes and exploiting afterimages, the device produces realistic 3-D images that surpass current two-dimensional simulations, according to a Toshiba spokesman. The Tokyobased
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      • 78 7 SEOUL A consortium of eight South Korean companies will develop undersea oil field off Vietnam, the Energy and Resources Ministry said yesterday. The consortium on Monday signed an agreement in Hanoi on development rights in the 11-2 zone, 240 km south of Vung
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    • 357 7 BANGKOK Thai mining concern Ban-Pu Coal Co has formed a joint venture with two Indonesian companies to explore for and mine vast coal reserves in Sumatra, the Bangkok Post has reported. The agreement was signed over the weekend by Ban-Pu
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    • 352 7 HONGKONG The Lau brothers of Evergo International Holdings are facing an uphill battle to privatise Chinese Estates Holdings, with the latter's minority shareholders being advised to turn down their revised offer, the South China Morning Post reported earlier this week. Standard Chartered Asia, the
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    • COMPANY BRIEFS
      • 117 8 LONDON Bankers are braced to receive a demand for a new loan of up to £100 million from WPP, less than a year after the US$l billion debt of the world's biggest advertising group was rescheduled. Bankers said they expected a formal
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      • 73 8 MILAN Small shareholders of tyres and cables group Pirelli SpA blasted management over the failed talks with Germany's Continental AG, but the firm's chairman said a merger was the most sensible option. Shareholders peppered officials during a special meeting that approved a 518.6 billion lire (*****.4
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      • 90 8 PARIS An agreed bid by France's wood-to-home-prod-ucts group Pinault SA for 66 per cent of stores group Au Printemps has been extended a second time, until February 21, the French stock exchanges authority said. It said the extension, decided by bourse regulator Conseil des Bourses de
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      • 68 8 ROTTERDAM Unilever said it is selling its share of geographical rights in the Fendi cosmetics and perfumes trademark to Sanofi of France for an undisclosed but immaterial sum. Sanofi had already said on January 15 that it was selling its Fendi Profumi business to Germany's Benckiser.
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    • 630 8 IHT PARIS Nestle of Switzerland made a US$2.4 billion bid (553.88 billion) on Monday for Source Perrier, countering moves by Italy's Agnelli family, and pitting two of the biggest names in European industry in a battle for the French mineral water producer.
      IHT  -  630 words
    • 368 8 Reuter NEW YORK Corning Inc announced record profits for 1991 on Monday, but the company's stock fell sharply because of continued fears about its involvement in sili-cone-gel breast implants. Corning said it had record earnings of U*****.8 million (*****.4 million)
      Reuter  -  368 words
    • 398 8 Reuter DETROIT Upjohn Co said on Monday that it will sue a retired psychiatrist who claims the drug company hid data on the dangers of Halcion, the world's most widely prescribed sleeping pill. The company plans to file a lawsuit against Dr
      Reuter  -  398 words
    • 230 8 FT LONDON The European Commission is likely to rule against the involvement of Gillette, the razor company, in the buyout of its main competitor, Wilkinson Sword. The British Monopolies and Mergers Commission ruled against the deal last year. It demanded that Gillette sell the stake
      FT  -  230 words
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    • 81 7 When comes software no other comes close an No wonder have become an H essential part of doing E@l HEWLETT l:'£j Packard ECS COMPUTERS (ASIA) PTE LTD. TEL: *****22 *GES SINGAPORE PTE LTD TEL: *****48 MICROCRAFT COMPUTER ENGRG PTE LTD TEL: *****67 NETBAN D TECHNOLOGY PTE LTD TEL: *****11 SINGAPORE
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  • Page 8 Advertisements
    • 152 8 Why our chef is happily giving away his treasures free every lunch time. 1 As any connoisseur of Cantonese cuisine knows, the watering mouthfuls for you to try. These treasures are JJi. true test of a restaurant's quality lies in its ability to absolutely free to anyone who lunches at
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  • FINANCIAL NEWS
    • 444 9 But new operation will be a low-key affair Reuter HONGKONG Hongkong and Shanghai Banking Corp plans to return to Ho Chi Minh City, 17 years after communist tanks closed its operation in what was then Saigon, a senior bank official said on Monday. While
      Reuter  -  444 words
    • 258 9 Bernama KUALA LUMPUR VID Public Bank, the joint venture bank between Malaysia's Public Bank and Bank for Investment and Development of Vietnam (BIDV) will be operational in Hanoi and Ho Chi Minh City simultaneously during the first quarter of this year. Public Bank chairman
      Bernama  -  258 words
    • 160 9 Reuter BANGKOK The Thai Cabinet has approved proposals to liberalise criteria for classifying assets and liabilities of Thai banks as the country prepares to comply with capital adequacy standards of the Bank for International Settlements (BIS). A Cabinet spokesman said the proposals call
      Reuter  -  160 words
    • 399 9 NYT NEW YORK The US government report done in the wake of the Salomon Brothers trading scandal will propose that the Treasury Department sell extra bonds or notes when the department determines that there is a squeeze in the government
      NYT  -  399 words
    • 213 9 Reuter KARACHI Pakistani banks have gone to the country's highest court to challenge an Islamic court verdict against interest which they say can cause chaos if implemented. At least four banks and some other financial institutions have filed appeals before the Supreme Court against
      Reuter  -  213 words
    • 254 9 UPI TOKYO The finance ministry plans to hike fines 100 times against brokerage houses and corporate clients for violating laws prohibiting kickbacks for stock market losses and stock manipulation, officials said Monday. Determined to prevent a recurrence of the
      UPI  -  254 words
    • 460 9 NYT NEW YORK Nationsbank, the new name for America's fourth-largest banking company, created by the merger of NCNB Corp of Charlotte, North Carolina and C S/Sovran Corp of Atlanta, said on Monday it had a U*****.8 million (about Ss4oo million) loss in the fourth quarter and
      NYT  -  460 words
    • SMALL CHANGE
      • 121 9 SINGAPORE Keppel Bank has joined several of the local banks by cutting its prime lending rate by 0.75 percentage point to 6 per cent. This follows the move taken by several other local banks led by Development Bank of Singapore. Oversea-Chinese Banking
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      • 53 9 SINGAPORE The United Overseas Bank group and its staff last November raised a record sum of $206,620 in its ninth in-house fund-raising drive for the Community Chest of Singapore. The funds raised will go to the movement for the intellectually disabled of Singapore to run
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      • 93 9 BANGKOK Foreign investment in Thai stocks plunged in 1991 when fund managers were sidelined by a general economic slowdown and political uncertainty here following a military coup last February, the Bank of Thailand said. A Thai central bank report said foreign capital imported for investing
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      • 57 9 BRUSSELS Banque Bruxelles Lambert SA. Belgium's second largest bank, said it planned an issue of new shares in February, reserved for existing shareholders who choose to pay by reinvesting their 1990/91 dividends. BBL said in a statement the issue, the fourth of its kind, would
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      • 64 9 FRANKFURT Germany's brokers attacked a proposal by Finance Minister Theo Waigel to allow official prices for securities transactions to be set by a computer. The brokers said the plan would split the market and cause confusion by creating two sets of official prices. They also
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  • Page 9 Advertisements
    • 216 9 S'pore firms invested USs4B.46m in Hanoi, Pg 10 Bangkok Bank may arrange Viet loan, Pg 10 Only Sharp can copy this. 1 5-Year Best Buy Decree of Excellence Platinum Award I 1986 -1990, by Hanson's Guidelines. Based on computer analysed user experience surveys conducted by 1 Perceptual Evaluations Ltd, the
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  • THE REGION/THE WORLD
    • NOTE BOOK
      • 66 10 ,KUALA LUMPUR Malaysia has announced plans to ban sex, violence and horror scenes from television by Feb 22. iLocal newspapers yesterday quoted Information Minister Mo'hamed Rahmat as saying violent Hongkong movies would -also be banned "because they tended to encourage secret 'societies".
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      • 94 10 ,BANGKOK Thai Supreme Commander General Suchintda Kraprayoon has threatened to take action against politicians who criticise the military while campaigning during tApril elections. A military source said: "I can't say what we will do. It will depend on the circumstances, because I don't •Jcnow how serious
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      • 77 10 jMANILA A World Bank expert has called for a concerted campaign among governments to save Asia's vanishing <wetlands, saying their erosion would result in unwelcome ieconomic consequences in the long term. "They have been [significantly eroded over the years by over-exploitation, -pollution, land conversion and
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      • 60 10 -KUALA TRENGGANU Trengganu and Pahang has r signed a Memorandum of Understanding (MoU) which will provide for proper re-afforestation of their border areas to jcheck illegal logging. Pahang Menteri Besar Tan Sri Khalil /Yaakob said the MoU on border demarcation and survey would provide for the
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      • 84 10 'AUCKLAND Prime Minister Jim Bolger said his government has made big restructuring changes to the New Zealand economy, and 1992 would be a year of implementing them. "Most of the big restructuring steps have been 'taken or at least outlined in detail so there are no
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      • 95 10 NATIONS Secretary-General Boutros Bou--tros-Ghali plans to ask the General Assembly to provide an initial US$2OO million (*****.4 million) to begin setting up an ambitious UN military and civilian peace operation in Cambodia. The operation, to be called the UN Transitional Authority in Cambodia (Untac),
        95 words
    • 642 10  -  Investments range from manufacturing to hotels and soft drinks From Harish Mehta in HANOI SINGAPORE companies and their Vietnamese partners had invested about US$lB.5 million (5529.7 million) in joint ventures in Vietnam, even before the Singapore government had lifted its embargo on
      642 words
    • 219 10 AFP BANGKOK The Bangkok Bank may be assigned to arrange a bridging loan to finance Vietnam's US$l4O million (Ss22B million) debt with the International Monetary Fund (IMF), a newspaper report said here on Monday. The report in the Englishlanguage daily The Nation, quoting Bank
      AFP  -  219 words
    • 269 10 Reuter PRAGUE Czechoslovakia's finance minister said a major privatisation plan will proceed on schedule despite the disappearance of millions of investment vouchers which allow citizens to buy interests in state firms. "After an agreement with both (the Czech and Slovak) privatisation ministers
      Reuter  -  269 words
    • 349 10  -  By Rahita Elias SINGAPORE Singapore companies and other Asian firms which set up shop in Osaka prefecture's futuristic Rinku Town will enjoy discounts on rents, as well as other benefits. Soichi Nishimura, president of Rinku Gate Tower Building, disclosed the incentives' plan yesterday during
      349 words
    • 151 10 AFP TAIPEI Some 85.4 per cent of Taiwan businessmen investing in China say they know or believe that their mainland interests are yielding profits, the local Financial Times newspaper reported on Monday. The figure includes 29.5 per cent who confirmed making profits in China.
      AFP  -  151 words
    • 341 10 AFP SYDNEY Australia's new Prime Minister, Paul Keating, yesterday indicated his government would heed calls for a major boost to infrastructure spending in an effort to regenerate the battered economy. He said the government was considering reviving the infrastructure spending which had
      AFP  -  341 words
    • 363 10 AFP ABU DHABI Budgets in wealthy Gulf states are st'll showing deficits, although a sharp decline in oil prices has prompted large spending cuts over the past decade. Budgets in all Gulf Cooperation Council (GCC) countries were expected to suffer from
      AFP  -  363 words
  • Page 10 Advertisements
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  • THE WORLD
    • 481 11 Short-term cures will only bring collapse, he warns AP WASHINGTON A top United States Federal Reserve official has said any short-term fix for the staggering American economy will result in a "severe collapse" within a few years. Edward Kelley Jr, one of
      AP  -  481 words
    • 449 11 Reuter BRUSSELS Power rivalry and bickering over trade issues are souring relations between the United States and the European Community, diplomats say. Even an international conference scheduled for today and tomorrow in Washington to coordinate Western aid to the former Soviet Union has
      Reuter  -  449 words
    • 360 11 Reuter TOKYO Japan's latest political scandal could delay next year's budget, hurting the slowing economy and sabotaging Tokyo's promise to Washington that it would monitor planned fiscal steps to boost demand, say government officials. Prosecutors last week arrested former Cabinet minister Fumio Abe, a
      Reuter  -  360 words
    • 128 11 Reuter TOKYO Japanese bankruptcy debt soared to a record high last year when speculative bubbles burst in the stock and property markets. "The amount of debt per bankruptcy was enormous," said an analyst at Tokyo Commerce and Industry Research Co, which issued the report
      Reuter  -  128 words
  • WORLD WATCH
    • 82 11 LONDON Leading Western countries and the International Monetary Fund would like to see an agreement by as early as April to admit Russia to the IMF, clearing the way for substantial Western support for comprehensive market reforms. After initial doubts over how to
      82 words
    • 104 11 ORLANDO. Florida US President George Bush will include US$ 1 billion (S$ 1.63 billion) in his budget request to Congress to promote US farm exports in fiscal 1993, says a senior House Republican. Pat Roberts of Kansas, the ranking Republican on the House Agriculture Committee,
      104 words
    • 92 11 TAIPEI Taiwan's Cabinet yesterday proposed a record budget totalling NTS 1.08 trillion (5570.2 billion) for fiscal 1993 beginning July 1, Cabinet officials said. An anticipated deficit of some NTS29O billion, the largest ever, would be offset by issuing NTS23S billion in government bonds and carrying over
      92 words
    • 64 11 SEOUL Trade between South and North Korea has shot up almost eight-fold in the past two years, keeping apace with the political thaw on the Korean peninsula. A South Korean Trade and Industry Ministry official said yesterday that the volume of bilateral trade rose from US$25
      64 words
    • 86 11 BERLIN Unification has left the textile industry of former East Germany in tatters, says the Treuhand privatisation agency. Of the 460,000 textile jobs that existed before communist rule ended in 1989, only 80,000 now remain and even they are under threat. Guenter Rexrodt, a board
      86 words
    • 64 11 PARIS The French economy is returning to health but official industrial output figures released on Monday confirmed that recovery was still hesitant as 1991 drew to a close, independent economists said. Insee, the National Statistics Office, said output in November was a seasonally adjusted 0.6 per
      64 words
  • Page 11 Advertisements
    • 38 11 NEW YEAR LIMITED STOCKS. C BOOK NOW TO AVOID Lv/ DISAPPOINTMENT J\ SS J^/ //O lyy S/ >11 K jl SCioodf, (Suettg rikssZ^CB^IL—IL—ISHCB^ 24 LENG KEE ROAD SINGAPORE 0315. TEL. ***** I 1 FAX: *****77 TELEX: ***** AUTO
      38 words

  • 460 12 EDITORIAL LEADERS OF revolutionary councils are not known to utter insightful views, but the Algerian junta did just that last week when Prime Minister Sid Ahmad Ghozali said fundamentalism was not a cause, but a symptom. The malady is economic stagnation. What has passed for
    460 words
  • WHAT THE OTHERS SAY
    • 282 12 THE WITHDRAWAL of two far-right parties from jlsrael's Likud-led coalition government would have been of merely national interest had it not been linked directly to the ongoing Middle East peace /conference. Tehiya and Moledet, which have five parliamentarians, on Sunday withdrew their support for Prime Minister Yitzhak
      282 words
    • 107 12 THE MINISTRY of Health has come up with a bold and novel idea in an attempt to lower rising health costs. It plans to let civic and non-profit organisations run Singapore's new smaller hospitals. But very few organisations have the ability. The alternative is for the government
      107 words
    • 121 12 EVERY YEAR, our government allocates a huge sum of budget to the development of tertiary education, and an even more astronomical sum to subsidise the training of tertiary students. Therefore, the last thing it wants to see is tertiary students failing to put what they have learned into
      121 words
  • REGIONAL VIEWPOINTS
    • 199 12 A NUMBER of doubts have arisen over China's plans to appoint a group of locals to advise it on 'Hongkong's affairs during the transition. Some will read into it a sinister plot to interfere in the running of the territory before 1997. Others will
      199 words
    • 234 12 THE FATE of Iraq's men, women and children, who should not continue to pay the price of a war they did not start, lies in the decision of the United Nations Security Council. Iraqis have paid the price for the war in terms of the destruction
      234 words
    • 83 12 THE BALL is now firmly in the court of the West. It sought, encouraged, and welcomed the Soviet collapse and now it must assist the rebirth of the former Soviet Union. Yeltsin's path in talcing his country to the brave new world will indeed be rocky. The
      83 words
  • 974 12  -  As the casualty list of companies continues to grow, now may well be the time for John Major and his cohorts to come out of the closet and tell the anxious nation bluntly that times have changed and so have they,
    974 words
  • Page 12 Advertisements
    • 145 12 Aim for a ASIANIhmmHI AER4>SRACE'92 ASIAN AEROSPACE is considered one of the world s most important air shows. Three of our newspapers will be publishing a rm m *a rrr special feature in conjunction with this great The StraitsTimeS exhibition of airier. FEBRUARY 24,1992 Readers will get to read about
      145 words
  • Page 12 Miscellaneous
    • 48 12 DOONESBURY BY GARRY TRUDEAU H&Y. A BABY, THAT'S IS THAT UNBBLISVABL37 V WHAT POUJC MIK£? IT'S 8. P.! op WHAT! ME ANP l'H &PIAON6 MYSUP THINK £BP HOW'S ITGQtN', WHAT'S BOOPS/BARE ON The PIANBT, MAN' WHAT LEGAL, GUV? UP? HAVING A KIP! PO YOU THINK OF THAT T
      48 words

  • ANALYSIS
    • 939 13  -  The continent's stockmarkets are expected to fare well in 1992, although market watchers are aware of the risk in some cases that the big build-up of foreign capital could be sharply reversed, reports Stephen Fidler Stephen Fidler FT LATIN AMERICA'S stock markets
      FT; Source: Datastream  -  939 words
    • 1713 13  -  Ipoh Gardens group, caught in the quagmire of Australia's property slump, appears undaunted. It is pressing ahead with new projects, reports Florence Chong from Sydney Florence Chong IT HAS BEEN a decade since the Malaysian-based Ipoh Gardens group first set its
      1,713 words
    • 870 13  -  The market is worth US$ 15 billion, and still growing, reports Barnaby J Feder Barnaby J Feder NYT A DECADE of rapid growth in home health care has forged a US$l5 billion (5524.4 billion) industry with more than 12,500 companies and not-for-profit
      NYT  -  870 words

  • Page 14 Advertisements
    • 104 14 —mm jM I Hi Hr tifl >. ■r v' 4 ffk -qi -1 i nwfW /a pr V r /M k\ 1 lr Jr'" h4^^V i -L.i**> ~mtk ■a y 1 V .«xiry*Vii ""C. B.'t a r*"- M > I™—— —PIP■— IBpl,h. I- MMIM I B i^^^hP' 1118 ■4 wit*-
      104 words

  • THE LAW PAGE
    • 800 15  - 1991 a year of significant change David Gabriel looks at the improvements made to the legal system in Singapore David Gabriel "W T HEN Yong A Pung How took over WW as Chief T Justice in September 1990, the writing was on the wall. There was a Serious need to
      800 words
    • 325 15 CASE j> z < m. > L Low Gim Siah v The Law Society of Singapore. High Court of Singapore. Summons No 789 a i99i. Judicial Commissioner Goh rhai Cheng. THE PLAINTIFF had todged a complaint against a lawyer for alleged
      325 words
    • 410 15 fecong Li Nar v Coudert ■nothers aid another. High Court of Singapore. Origination Summons No Xp2 of 1990. ftidicial Commissioner G P geham. tHE PLAINTIFF was a MaBjysian who owned a flat in Singapore. She leased the flat ft a company, Coudert which allowed
      410 words
  • Page 15 Advertisements
    • 249 15 THE TOTAL BUSINESS with sky atriums in the office tower. ENVIRONMENT A totally self- A spectacular S-storey office lobby a contained development of offices, atrium to dignify your office. shops and apartments Panoramic view of with entertainment, the sea and the city. recreation and hospitality AFFORDABLE ARCHITECTURALLY heart of Singapore's
      249 words

  • Page 16 Advertisements
    • 172 16 Bhm#i fif-f v ®w JI Si «T^B— 1 jH H "Hi ■ik m &4 4# *"**4 h N 4"!®*rAi Ji I m f 1 kif iiiM I#* -£f H V W m» F W* i IrftTiliii r- 1 "^'df^--• raarrtr^ ?t -""If if r ma w l Jt <■. *f.,
      172 words

  • SPORTS
    • 822 17 Australian Open AP jkiELBOURNE Anke posed some tough (questions yesterday at the {Australian Open. But Monica came up with the right answers. The defending champion Ifceat her 17-year-old German rival' 7-5, 6-3 in an enthralling singles quarter-final. IS Jennifer Capriati's errorUtrewh defeat to Gabriela
      AP  -  822 words
    • 340 17 AP BERMUDA DUNES, California John Cook said he's ready to take the next step. And he's aware it has been a long time coming. "I've been in contention an awful lot of times and I don't have that many wins to show for it. I'm
      AP  -  340 words
    • SIDE LINES
      • 109 17 ATLANTA Staging the 1996 Summer Olympics will cost 40 per cent more than anticipated, but increased revenues are still expected to leave a surplus. The Atlanta Journal Constitution said on Monday that Olympic officials are expected to report that expenditure for the games
        109 words
      • 111 17 DAKAR The real business of the African Nations Cup finals began on Monday when an Italian soccer agent reported the transfer of some of Africa's outstanding players to European clubs. Domenico Ricci, whose Rome-based company African Football Management was recently behind the transfer of three of
        111 words
      • 89 17 PARIS The world sports car championship, apparently consigned to the scrapheap last November, has been revived although Mercedes, Porsche and the works Jaguar cars will be missing from this year's series. FISA, motor racing's governing body, said in a statement on Monday that the World Motor
        89 words
      • 107 17 LONDON Britain's unbeaten WBO super-middleweight champion Chris Eubank might quit boxing after his title defence against South Africa's Sugar Boy Malinga on Feb I. Asked if the Birmingham fight will be his last, the 25-year-old Eubank said: "It could be, because I'm anti-boxing. I'm only
        107 words
      • 122 17 PARIS France will begin the defence of its Davis Cup titl with the team which captured the cup for the first time fc more than half a century. Davis Cup heroes Henri Lecont and Guy Forget, who beat the United States in Lyon in a emotional final seven
        122 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 1179 18 M Nothing Beats A BucL where to wine, dine or TANTALISING TREATS Don't miss our weekly specials in Tien Court. 31/12 06/01: Double Boiled Superior Shark's Fin $22.00 07/01 —13/01: Steamed Sultan Fish $4.00 per 100 gm. 14/01 20/01: Braised Whole Abalone $12.00 21/01 27/01: Small Lobsters cooked the w«y
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  • Page 18 Miscellaneous
    • 624 18 TELEVISION AND RADIO T* J Y 1 ~car~iO 10.30 Power Hits USA (Music, Sie- 1.37 Azm Isyak. Winston S I ,110k «.*sr »ssaeigk IT l/V/XX 7.30 AM CNN (L). 0.30 Koluarga Nyonya. BBC, M.9 mHz in VHF Band II tbtut«.. tJHHHHH 0.30 Cioso. 10.00 World Newt. 7.10 am, 9J5|M| 1.30pm.
      624 words

  • LIFESTYLE
    • 848 19  -  Nirmal Ghosh meets Doris Wan Cheng Singapore enthusiast, Ambassadress Sino-American and business dynamo all rolled into one Nirmal Ghosh FOR A Chinese woman born in Shanghai to make it to the top in America, rubbing shoulders with the likes of John Kenneth Galbraith, Milton Friedman and an
      848 words
    • 824 19  -  The Compton Collection goes under the hammer at Christie's in March. Rita Reif looks at how a teenager's passion for Japanese swords became a priceless art collection Rita Reif NYT At AGE 14, Walter Ames Compton read about Japanese swords in a boy's magazine, and
      NYT  -  824 words
    • 465 19 CHAttERBOX A FEB 14 auction of the contents of an apartment of the late media mogul Robert Maxwell is expected to raise US$7OO,OOO (SS 1.14 million). The Central London apartment inside Maxwell House, the Maxwell Communications Corp headquarters, is owned by the financiallytroubled media
      465 words
    • 383 19 IHT The last thing anyone was thinking about in Prague in December 1989 was what to wear. This was the month of Czechoslovakia's Velvet Revolution. But one resident of Prague had already started designing clothing to see the Czechs into their brave new world. "When I
      IHT  -  383 words
  • Page 19 Advertisements
    • 149 19 AND ENTERTAIN High Tea Classics Danish pastries. Fresh cakes. Savoury Dian Xin. Mee Siam. Samosas. Quiche Lorrain. Spring Rolls. Fresh Fruits. Cookies. Every Saturday. 3 to 5 pm. $12.50+ per person. I Fashionshow at 4 pm. ANA HOTEL SINCAPORE For reservations, k Ntssn sxgacct 1025 please call 732-1222 ext 1581.
      149 words
    • 30 19 Lunch $9.00 Dinner $13.50 Enjoy our Shabu Shabu Sukiyaki A Barbecue RESTAURANT KPBE Tel: 734-6796 4th fir Unit 04 06 07 Tanqlin Shoppinq Centre Air flown KOBE BEEF also available
      30 words
    • 63 19 m. y r m Classical Japanese Food Prepared In The true Kaiseki Style. Complete set Lunch from $18.00+ Sushi Set Lunch (torn $18.00+ I Tempura Chawanmushi Set Lunch at $20.00+ V i 1 V You Don't Hm* To BtA Mtmber to Enfty Fitu Dmmg Nishiki Restaurant Marina Bay Golf Country
      63 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4139 20  -  By Dexter Lee SHARE prices closed mixed yesterday on moderate trading as investors adopted a cautious approach in the wake of declines in New York and Tokyo. Reflecting the local market's underlying bullishness, however, the benchmark Straits Times Industrials Index advanced 10.46 points to 1,535.85.
      4,139 words
    • Article, Illustration
      64 20  -  -By Chew Eng Han Comment NOL is likely to test 1991's high at about $1.85 in the coming weeks. But caution is required as the 13-day RSI is now overbought at 80. A correction from the $1.80-1.85 level is likely before any further rally. Immediate support is at
      64 words

  • 2946 21 Asia Pacific 1180 30 2.6% Times Pub 426 +28 +7.0% £MB Packaging 575 +25 +4.5% "CBC Foreign 1200 +20 +1.7% Robinson 600 +15 +-2.6% Semb Shipyard 840 +15 +1.8% Spore BusK 500 730 +15 2.1% Semb Ship Wt 316 +14 +4.6% DBS 1170 +10 +0.9%
    2,946 words
  • Page 21 Advertisements

  • 3348 22 Magnum Corp 50* 295 27V? +10.3% Gentings 50« 730 +20 +2.8% H Leong Ind 50« 480 +10 +2.1% MUl 166 +9 +5.7% Malavawata 235 f5 2.2% Amal Steel 50« 241 +4 1.7% UMW 282 +-3 +1.1% Tech Resources 73 +2Vj f 3.5% Golden Hope 140
    3,348 words
  • Page 22 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 4938 23 But market sentiment remains steady Bernama QUALITY stocks lacked strong buying support leading share prices here to close lower yesterday in selective trading. The KLSE Composite Index at the close dropped 1.66 points to 570.57. The Industrial Index fell 4.22 points to 1,091.65
      Bernama  -  4,938 words

  • BT SHARE INFORMATION SERVICE
    • 265 24 Compaoy Date Yoar Groop Not Net earnings Cross mr to profit/loss (L) per share dividend ('000) (coots) Goodwood Park Jan 10 S«p 91 $22.137($21.216) 49.2(47.1) 80(50) H Ms.a Jan 10 Sep 91 $429($1,886) 26(114) 15(20) SPH Dec 24 Aug 91 $153 802(5133.374) 62 6(54 3) 25(30) Ind Oxygen
      265 words
    • 137 24 Company Oat* Year Group pre-tax Nat earnings Grots ann to preAt/loss (L) par slur* dividend C000) (canto) NST Jan 16 Aug 91 M582,007($80,274) 30 9(33) 20(10) KL Kepong Dec 27 Sep 91 M$85 468 ($84,804) 15 3(148) 15(15) Pxific Can Dec 24 Sep 91 $138($1.387L) 02(—) Van Der
      137 words
    • 485 24 Company Date HaK-year Group pro-tax Interim ana to profit/loss (L) dhridond (000) Pegi Msia Jan 15 Sep 91 M$76 ($3,212) PolyteK Dec 31 Sep 91 $4891($1,958) Sateras Res Dec 31 Sep 91 W$2.023($462l) FACB Dec 30 Sep 91 M$5,255($4,861) Sel Dredge Dec 30 Sep 91 M$2,391($579e) Imatex Dec
      485 words
    • 366 24 Jan 18 Far East Holdings Bhd's wholly-owned subsidiary, Kampong Aur Oil Palm (Co) Sdn Bhd, has agreed to buy 4,481.3 ha of plantation land in Keratong/Rompin, Pahang for M510.93m. Jan 17 Sinopac Marine Technical Development Pte Ltd. Singapore based joint venture between four local companies Jurong Shipyard Ltd,
      366 words
    • 1953 24 Trans Registered Substantial Buy/ Me. ef Amount Shareholding Stock Date Holder Shareholder/Director Sell shares Before After SIA 13/01/92 Temasek Hldgs (P) Ltd *B 2,000 26.677 200 348.428.586 54.33 348.430.586 54 33 Semb Maritime 13/01/92 Street Names Temasek Hldgs (P) Ltd *B 10.000 64.292 120 89.213.918 4895 89.223.918
      1,953 words
    • 477 24 Currant Ex Books Date Total tor Total for payment date closo payaWo tko year last year AMFPT 42%(e) Feb 7 Feb 21 Feb 28 77* 5 75* Asa Padfc 18%N lan 9 Ian 21 lan 29 28%N 26%N A«*no 20c 125*TE Mat 3 Mar 13 May 15 17
      477 words
    • 533 24 Main Board Last Full Year Company Penod Oat* Tear Net EPS Gross Net aranctd nk| (cants) At proCt last year (fOOO) EMS Fmal Nov 6 Jul 91 30TE 17.878L Cantrepont Interim Jan 25 Jun 92 5 0 5 8 13.549 Khonf Guv interim Jan 31 Apr 92 4
      533 words
    • 197 24 Company Rights Issue Asa fx Land Four-tor sewn g MJO 50 per share Ei-date Jan 3 Books dose Jan 17 Acceptance I Payment Mar 5 City Dm Renounceatte rfhts issue on tic basis of one-tor ten (2 85 per share Ei-date Dec 9 Books dose Dec 19 Acceptance
      197 words
    • 541 24 Company Rights Issue Mbnct Tedi One for-one fe $1 00 per sha/t Bolton Issue of 190 9 78m nominal amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants or the basis of $2 nominal amount of Bonds for every three e«isting shares held Every J2
      541 words
    • 216 24 Malaysian Plantations Bhd: EGM at Angger* Room, Equatorial Hotel, Jalan Sultan Ismail, ***** Kuala Lumpur, on Wednesday. Jan 22, at 10am Amalgamated Steel Mb Bhd: EGM at Room 506, sth Floor, Wisma SPS, 32 ialan Imbi, ***** Kuala Lumpur, on Wednesday, Jan 22, at 10.30 am Central Mustrial
      216 words
    • 118 24 Conversion Special Trdg Scripless Conversion deadline Period Trading Com pan > starts (I DP) (ST) starts City De» Dec 26 Jan 16 Jan 6 Jan 16 Jan 17 H Negara Nov 25 Dec 12 Dec 3 Dec 12 Dec 13 HTP Hldgs Sep 16 Oct 10 Sep 30
      118 words
    • 235 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 Nth: 1290 18 (16/1/92) 1992 h*h: 1535 85 (21/1/92) 1992 low: *****4 (2/1/92) 1992 low. 1479.35 (2/1/92) 1991 high; 1333.08 (3/6/91) 1991 htfv 1565 58 (3/6/91) 1991 low 1022 52 (16/1/91) 1991 tow *****8 (16/1/91) 1990 high: 1435 43 (16/7/90)
      235 words
    • 360 24 In local cwt In S$ In US$ dy yr dy yr dy yr Jan 20 Index chge chge chge chge chge chge World 405.2 -0.3 13.1 -0.4 6.9 0.7 13.9 fEAFE 493.4 -0.6 5.0 0.3 0.1 1.4 6.6 Europe 429.2 0.0 17.8 0.2 3.4 1.3
      360 words

  • STOCK EXCHANGE OF THAILAND
    • 2220 25 SHARK prices ended down yesterday on record high turnover as investors began taking profits from recent price rises, brokers said. The SET index ended 3.81 points lower at 776.01 on turnover of 12.50 billion baht, breaking last Fridays record ol 12.34 ,on
      SOURCE: PONT DATA  -  2,220 words
  • JAKARTA STOCK EXCHANGE
    • 1162 25 THE STOCK market yesterday closed higher in active trade with both local and foreign investors showing strong interest, brokers said. The index rose 1.81 points to 253.39. Turnover more than doubled to 12.35 million shares. Indah Kiat rose 150 rupiah to 2,600 on the
      1,162 words
  • Page 25 Advertisements
    • 9 25 Don't miss Executive Jobs in Business Times every Saturday
      9 words
    • 742 25 BUSINESS TIMES Toll free Tel No 737 0Q43 Fax No: 734 3698 LOST CERTIFICATES The following certificates have been reported lost mislaid or destroyed Name of Company Cot Not mitanaraof No of Share* Marco Poto Dtvetopmsns *****696 Wong Che* Hng I*l.ooo L*n4»d *****746 Low Khe« Hung Brian Ixl,ooo Notice is
      742 words

  • TOKYO STOCK EXCHANGE
    • 2590 26 Reuter STOCKS ended modestly lower yesterday, posting a new 16-month low for the second day in a row after giving up an early technical rally. Brokers said futureslinked programs led the market both up and down amid thin trade, abetted by institutional
      Reuter  -  2,590 words
  • STOCK EXCHANGE OF HONGKONG
    • 2588 26 Reuter SHARE prices rebounded in the last half hour of trade on strong overseas buying. The blue chip Hang Seng Index closed 11.74 points up at 4,522.21, after touching a low of 4,488.54 in the morning. Brokers attributed the modest gain to continued optimism
      Reuter  -  2,588 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2347 27 Falls lead rises by 20 to 12 OFFSHORE investors yesterday sold down the Australian share market amid continued concerns over the volatile Japanese market. Brokers said nervous domestic investors stayed in the wings as Tokyo began to slide, aiding the downward push sparked
      2,347 words
  • REGIONAL STOCK MARKETS
    • Taiwan stock prices continue bull run
      • 541 27 THE stock index finished higher yesterday after see-sawing within 70 points in the heaviest trade since last May, and brokers said easy credit would keep the market active in the near term. The weighted index closed at 5,135.35, or 32.71 points above Monday's close. Turnover was heavy at NT562.85
        541 words
      • 760 27 SHARE prices on the Korea Stock Exchange fell in active trading yesterday. The Composite Index of the exchange, which soared 12.66 points to 633.87 on Monday, lost 3.87 points to close at 630.00. Gainers, however, overwhelmed losers 584 to 193 among the 801 issues traded. Volume stood at 28,400,000
        760 words
      • 294 27 SHARES ended lower yesterday for the third consecutive session despite a promising start that soon fizzled out with help from a weak Australian market and a continued absence of baigainhunters. Fletcher Challenge led the slide with an eight-cent fall to NZ53.43. Brokers said the market lacked energy and
        294 words
      • 461 27 BARGAIN hunters pushed up Philip- pine mining stocks yesterday but other shares fell slightly in a mild correction following on the sustained rally earlier this month, brokers said. The Manila Composite Index closed at 1,301, down two points from Monday. Combined turnover on Manila's two bourses declined to 1.5
        461 words
      • 55 27 INDICES TURNOVER CIMC rrtnoos NEW ZEALAND J 21 NZSE-40 Capital 1.484.43 Turnover (NZSmillion) 23.52 1.495.03 9.20 -10.6 +14.32 MANILA Composite Index 1.301.00 Turnover (billion) 1.5 1.303.00 1.8 -2.0 -0.3 TAIPEI Weighted Price Index 5.135.35 Turnover (NTS billion) 62.85 5.102.64 53.3 32.71 +9.55 SEOUL Composite Stock Index 630.0 Turnover (billion won)
        55 words

  • WORLD STOCK MARKETS
    • Wall Street slips in very thin trading
      • Article, Illustration
        1116 28 STOCK, prices pulled back a bit on Monday from last week's surge to a record, remaining in a fairly narrow range throughout the session. Because of the holiday honouring the birthday of the Rev Dr Martin Luther King Jr, trading was far quieter than last week's hectic pace.
        1,116 words
      • Article, Illustration
        661 28 REVERSING early losses, share prices finished higher on Monday, thanks to a late afternoon bargain-hunting spree. The Financial Times-Stock Exchange 100-share index rose 8.2 points, or 0.3 per cent, to close at 2,544.9. The Financial Times 30-share index rose 5.1 points to close at 1,971.9. The Financial Times 500-share
        661 words
      • 293 28 SHARES ended a moderate session mixed on Monday with an easier bias consolidating after recent gains, dealers said. A lower early Wall Street weighed on prices towards the end of trade but a slight recovery of the US dollar through the day gave the market some support. The underlying
        293 words
      • 210 28 THE STOCK market was irregular on Monday, as the DAX spot trend index gained 0.37 per cent from the Friday close to end at 1,677.17 points, while the Commerzbank indicator ended at 1,913, down 0.27 per cent. Operators said the market was hesitant because of Tokyo's downtrend and upheavals
        210 words
      • 368 28 THE BOURSE overcame a weak trend during the bulk of the Monday session to move up toward the end, as the CAC-40 stock price index finished the day at 1,865.85 points, up by 0.32 per cent by comparison with the Friday close. The indicator opened the session with a
        368 words
      • 426 28 SHARES closed steady in active trade on Monday. Dealers said steep losses in Tokyo shares weighed on the market, while higher prices on the Frankfurt bourse provided some support in the second half of the session. Wall Street's weak opening was largely ignored. The all-share SPI index closed 0.5
        426 words
      • 452 28 SHARES closed mostly firmer on Monday in quiet trading after a hesitant start in the absence of fresh stimulus. Dealers said the market remained well supported, although volumes were 1 described as mostly thin as operators searched for fresh clues to direction. Gold shares eased a little amid some
        452 words
      • 264 28 STOCKS finished another listless Monday unchanged after tracking within a narrow 10-point range during the day, dealers said. The Martin Luther King holiday in the US kept many traders away from the market, they added. "There are some investors expecting some fiscal stimulus from the State of the Union
        264 words
      • 363 28 SHARE prices ended Monday easier in thinner volume, hit by the failure for a part of the session of the screen-based market, on which some heavily traded shares are dealt. Insurer Generali added some sparkle to the session and was one of the few blue chips to close higher.
        363 words
      • 201 28 INDICES TURNOVER NEW YORK (lose Previous Jan 20 Dow Jones SAP 500 Turnover (million) 3,254.03 3.264.98 416.36 ***** 180.9 287.4 -10.95 -2.50 -106.5 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,971.9 2.544.9 418.2 1.966.8 2.536.7 687.2 5.1 8.2 -269 FRANKFURT DAX Index 1.677.17 1.670 99 +6.18 AMSTERDAM EOE Index
        201 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • 1178 29 REPORTS ASIA Tokyo: The dollar was unchanged yesterday against the yen and the mark trom Monday's New York closing levels, after fluctuating narrowly in late Asian trade, with dealers still nervous over its future direction. "Dealers are having a rest in the
      1,178 words
    • 379 29 Cross rates Jan 21 USS SS MS Dm Yen SFr AS NZS USS 1.6330 2.6390 1.5875 123.65 0.5549 1.4055 1.3316 1.8349 SS 0.6124 1.6467 0.9721 75.7195 0.3398 0.8607 0.8154 1.1236 MS 0.3719 0.61 0.5904 45.9836 0.2064 0.5227 0.4952 0.6824 Dm 0.6299 1.0287 1.6939 77.89 0.3496 0.8854 0.8388
      379 words
    • 540 29 Interbank rates 5* Bid Offer Overnight 3 3 1/4 1-month 3 3 |/g 2-month 3 3 l/ 8 3-month 3 1/16 3 3/16 Overnight mode: 3-7/16 1'SS Bid Offer 7 days 4 1/16 4 3/16 1 month 4 1/16 4 3/16 2 months 4 1/16 4 3/16 3
      540 words
    • 396 29 AFP TOKYO French Finance Minister Pierre Beregovoy said on Monday that he welcomed a stronger yen against both the US dollar and European currencies, while warning that this week's Group of Seven (G-7) meeting was likely to be tough. "I support a
      AFP  -  396 words
    • 255 29 Reuter TORONTO Canadian bonds may trend cautiously higher this year, bolstered by the prospect of historically low inflation, but stagnation in US bonds and signs of economic recovery could limit gains, analysts say. Market fears that the US Federal Reserve's policy of easing rates
      Reuter  -  255 words
    • 1123 29 SlMEX EUtOOOUJUt Open High Low Sett Est Vol Op/Int Vol Mar 92 95.87 95.88 95.84 95.84 7000 ***** 2454 Jun 92 95.70 95.72 95.68 95.68 ***** ***** 3806 Sep 92 95.40 95.43 95.37 95.38 6000 8858 2246 Dec 92 94.82 94.83 94.78 94.79 2500 3900 1097 Mar 93
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  • Page 29 Advertisements

  • COMMODITIES
    • 499 30  -  By Shoeb Kagda SINGAPORE After hitting a 22-year low, pepper prices have nowhere to go but up, and traders here are hopeful that a silver lining may appear in the dark clouds by June. Some traders feel that prices have bottomed
      Source: Lim Hup Choon (Singapore) Pte Ltd  -  499 words
    • 834 30 REPORTS THE PRICE of tin finished four sen higher at MS 14.34 per kg on the Kuala Lumpur Tin Market yesterday in line with the US$5 rise on the London Metal Exchange overnight. Dealers said scattered buying interest from European and local buyers
      834 words
  • 1364 30 Rubber j an 21 HAS (*>t hi tolw) Scents/kg Noon Close Inl I RSS Prompt 130.50/131.50N 130.25/131.25N Int 1 RSS Feb 92 131.00/131.50 130.75/131.25 Int 1 RSS Mar 132.50/133.00 132.25/132.75 Int 2 RSS OP 129.00/130.00N 129.00/130.00N Int 3 RSS OP 126.00/127.00N I26.00/127.00N Int 4 RSS OP 124.50/125 50N 124
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  • Page 30 Advertisements
    • 1458 30 BUSINESS TIMES Toll free Tei No 737 0043 'Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LONG HENG TEAK WOOD COMPANY (PRIVATE) LIMITED (Members' Voluntary Windtng-Up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at
      1,458 words
    • 6 30 Executive Jobs every Saturday in BT
      6 words

  • 1262 31 City Flight ETA Flight ETD PhaM GA895 1520 QF81 2010 SQ227 2115 QF82 2115 *M$tartaai KL837 1400 SQ24 2215 GA895 1530 KL838 2325 Atham 0A471 0015 0A472 2240 SQ35 1650 Auckland NZ21 1740 NZ22 1850 SQ288 2035 MNlW GA524 0920 Baatfar Sari BW21 1105 SQ182 0915
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  • THE TRAVEL PAGE
    • 668 31  -  LETTER FROM FLOWER ISLAND (PHILIPPINES) By Jacques Boyer Frenchman Philippe Blasselle left Marseilles at the end of the 1980s to become a modern Robinson Crusoe answering the call of the tropics to realise what most city people are content only to dream about. He offered
      668 words
    • 152 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.22IS 1.2385 Canadian dollar 1.4045 1.4332 NZ dollar 0.8800 0.9155 Sterling pound 2.9295 2.9695 US dollar 1.6280 1.6350 Local dollars to 100 units of foreign currency Austrian schilling 14.46 14.75
      152 words
    • 75 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Feb 14-23 International Turin, Italy Torino *****569 iao T 1992 Fair of Holidays Espos.zwn, 1992 for GenTUny International Tourism Sports S.p A Cateri and Feb 18-22 Heating Sanitary Utrecht, Koninkhjke ********** Confectionary 1992 Contractors Netherlands Nederlandse Trades
      75 words
  • Page 31 Advertisements
    • 44 31 It's amazing the lengths Finnair goes to tor just one price. Fly Finnair to Europe and we'll take to 35 European destinations for the same price. Check with your travel agent or call *****77 for more details. We Know Europe from Mart to f^omsh.
      44 words
    • 72 31 z»■-: :i!la:s =:!S|:S jlTOijMiiSs SHHEJESJJSSK t HHHP 5 ifti& 1 lillEiH^niM jeSj ™A I h mm tSv —l BSgßt m Teen runaway B I I I I «A I I -^^^SSBM^^H^lHttifen Singapore schoolboy runs away from homo after failing his Secondary Three exam. He is found 12 days later in
      72 words
  • Page 31 Miscellaneous
    • 206 31 4 Car control panel proves a j 13 Twelve noon is correct (5) """"^ii 21 Faint colour one found in 27 West Indian ruler given 1 I 1 I I« L— 1I I the green light! (2-5) 28 Cheese constituent con- g W jid hope 0 f a d un<
      206 words
    • 182 31 Singapore Outlook: Wind) and f«lr. Report Maximum temperature 30.6 Assoc humidity 60% Minimum temperature 23.4 Assoc humidity 87% Hours of sunshine 10.65 Rainfall in mm Nil Rainfall this month 70.1 Rainy days this month 7 World report Asia-Pacific Hi/Lo* Cond. Auckland 24/17 Goudy Bangkok 33/19 Showers Beijing 00/-9 Sunny Brunei
      182 words
    • 21 31 DONE., L/apS A J F"££.T (JP TIU. VALENTiHES Qro.no: A <=,or+ino, —TMPvT'S THC J/.DFW.... OP JM&h 1 cftjc. owwww Ui-Spesdl "T
      21 words

  • 433 32 Tension high between Ukraine and Russia Agencies MOSCOW Ukrainian President Leonid Kravchuk has dismissed reports he is planning to take his country out of the Commonwealth of Independent States as tension remained high between his country and Russia, the two most powerful members.
    Agencies  -  433 words
  • 231 32 Reuter MOSCOW A huge missile launched from the Central Asian state of Kazakhstan has ignited a row about who really controls the mighty, former Soviet nuclear arsenal. Kazakhstan, now a nuclear power, says it knew nothing about a long-range rocket test-fired by
    Reuter  -  231 words
  • 221 32 AFP MOSCOW An investigation into the failed Soviet coup last August has cleared then-President Mikhail Gorbachev of suspicion of supporting the putschists. Russian Attorney-General Valentin Stepankov told a press conference yesterday: "Not for one minute did President Gorbachev give leave to think that
    AFP  -  221 words
  • 446 32 Reuter TOKYO Japan's narrowing trade surplus reversed course spectacularly last year, surging by half and ending four years of steady declines in the much-criticised overhang. The bad news for Japan's trade partners was tempered by a near-stationary surplus with Washington, Tokyo's loudest critic.
    Reuter  -  446 words
  • 38 32 TOKYO A whimsical addition to the Tokyo skyline is the headquarters of Fuji Latex, Japan's second largest prophylactic maker, erected in the shape of a condom. The company exports nearly half of its products.
    38 words
  • 255 32 AFP NEW DELHI Russia and India will sign a new treaty on cooperation to replace a 1971 friendship pact which committed Moscow and New Delhi to military and other cooperation for more than two decades, officials and newspapers said yesterday. The new
    AFP  -  255 words
  • 306 32 Agencies ALGIERS Crowds of youths attacked road blocks and security posts in the capital overnight, in spite of a sharp warning from the ar-my-backed government against attempts to destabilise the new regime. Unofficial sources reporting the incidents said yesterday that the youths
    Agencies  -  306 words
  • 338 32 AFP ULSAN, South Korea Striking Hyundai motor company workers late yesterday voluntarily abandoned South Korea's largest car manufacturing complex and slipped into the night, just hours before police were due to raid the plant. Approximately 1,500 workers were seen leaving the sprawling complex
    AFP  -  338 words
  • Page 32 Advertisements
    • 114 32 CHARTPOINT Every Saturday in Business Times HNKpI Adult :sl6.Bo+> <V().80 < Child:slo.Bo+ v l IT (under 12) Our lavish A la carte evening jML menu offers you the i£ unlimited servings of either live seafood or barbecued seafood at your discretion, such as fj I barbecued spotted crab, steamed crab,
      114 words
    • 66 32 KHAW AND SONS Specialist English-Chinese translators x We specialise in English-Chinese translation, copy-writing and Mandarin dubbing services. Our translators, well-versed in Beijing, Taiwan and Hongkong Chinese, are used to demands of quality and speed. We are experts in translating: annual reports company brochures promotional materials legal documents newsletters products catalogue
      66 words
    • 111 32 CHARTPOINT Every Saturday in Business Times Political scandal could delay Tokyo budget, Pg 11 Japanese bankruptcy debt hits record high, Pg 11 r i The Tradition Of Blancpajn i\\ """"rldtairt 1 vO\v i JV Blanc paiN Singapore THI 7U24 201 I •S« om TH 2J«,527/719« .(ef*repo.r* Tel 7 *****H Pen
      111 words
    • 3 32 Editorial, Pr 12
      3 words

  • Shipping Times
    • 276 33  -  By Dexter Lee SINGAPORE NKK Corporation, Japan's second largest steelmaker, has applied for a patent to protect new technology it has created for vessels carrying steel products. The new technology was used in the building of the 2,500 deadweight tonne Hak-uryu-Mani at
      276 words
    • 571 33 AFP BOMBAY Yogesh Deveshwar, the young, newly appointed president of India's international flag carrier, says the biggest obstacle holding Air India (AI) back from taking off with a new upbeat image is time. The Harvard and Cornell business school graduate
      AFP  -  571 words
    • 1200 33 Page Col ABC Containerize 12 I Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3-5 A.P.C. Lines 13 5 A cWarehousing 15 5 Arrow Int 9 4 Asian Break-Bulk 16 5 ASXCL Shpg 15 2
      1,200 words
    • 240 33 SINGAPORE The British cruise industry will get a £200 million (SSSBB million) custom-built superliner by mid-1995 when Peninsular and Oriental Steam Navigation Company (P&O) takes delivery of its new flagship. In a statement yesterday, the UK-based shipping, property, construction and services
      240 words
    • 282 33 Reuter TOKYO European aircraft makers will try to expand their market in Japan by competition, not political pressure, a visiting leader of the French aerospace industry said. "We have excellent technology and we are not at all afraid of competition. We do not ask for
      Reuter  -  282 words
    • 166 33 Reuter HONGKONG Talks on a sales deal between McDonnell Douglas Corp and Taiwan Aerospace Corp are going well, but it is unclear when a final agreement will be signed, said McDonnell Douglas Pacific and Asia Ltd president Gareth Chang. "Taiwan Economic (Affairs) Minister Vincent
      Reuter  -  166 words
    • NEWS SUMMARY
      • 85 33 SINCE the launch of the estate version of the Accord just over a year ago. Honda has been using a patriotic sales pitch in an attempt to woo the Ameri--can public, saying the wagon is the first Japanese car entirely designed and built in the
        85 words
      • 44 33 THE Airbus A-320, one of which crashed with 96 people aboard on Monday over eastern France, is the first regular passenger plane in the world to be entirely run by computers rather than by manual con trols Back Page
        44 words
      • 44 33 THE LEADER of Colombia's private coffee exporters said on Monday that the threat of a port strike was extremely serious and that some truck owners were already refusing to load coffee for intended for export Back Pagi
        44 words
      • 38 33 TEXTRON Inc said on Monday that it had won the bidding for General Dynamics Corp's profitable commercial airplane builder, Cessna Aircraft Co, with a US$6OO million (*****. million) casb offer Back Page
        38 words
    • LOG BOOK
      • 96 34 LONDON Powell Duffryn pic said it planned to more than double traffic at Tees and Hartlepool port and attract general cargo liner services. Powell Duffryn's 50 per centowned associate Teesside Holdings won the bidding for the port, the first of the trust ports
        96 words
      • 104 34 NAIROBI Two Red Cross ships have anchored at the ports of Merca and Adale near the war-shattered Somali capital of Mogadishu to unload 1,700 tonnes of food and medical supplies, according to a Red Cross statement issued here on Monday. The ships, which arrived
        104 words
      • 108 34 BELGRADE Some foreign aid arriving in Albania is held up in the port of Durres because of a lack of transport facilities, or is being stolen, the ATA agency reported on Monday. The agency, monitored here, quoted officials reporting back to Prime Minister Wilson
        108 words
      • 62 34 AMSTERDAM Pensinsular and Oriental Steam Navigation Co chairman Lord Sterling said no engine maker has been chosen for the £200 million cruise liner which the shipping and construction group is ordering. In answer to inquiries, he said the choice was between Man AG of
        62 words
      • 59 34 LONDON The Bahamian-registered tanker Derby caught fire in dock at Lagos killing three dry dock workers, Lloyd's Shipping Intelligence said. Fire broke out in the accommodation area while the 7,717-dwt vessel was alongside the Nigerdock Nigeria Ltd dock. Eight cabins were gutted, all alleyways and
        59 words
      • 72 34 HONGKONG Cosco-HIT Terminals (Hongkong) Ltd has mandated four institutions to arrange a HK$2.B billion (*****.6 million) 10-year facility to finance building of a terminal at Kwai Chung container port, the company said. An official of Wardley Capital Ltd, one of the four arrangers, said details of
        72 words
    • 1383 34 Panamax and handysize freight rates on Monday rose but capesizes continued generally weak, brokers said. With charterers' interest in panamaxes firmly established, rates were likely to stay at current levels into Feb, they added. But much depended on Russian grain demand. As the Baltic Freight Index rose three
      1,383 words
    • 1473 34  -  Honda's US credentials are under attack, writes Martin Dickson Martin Dickson FT IT SOUNDS as American as a blueberry muffin and almost as down-home and wholesome: "The amazing new car from Ohio," runs the advertising slogan, "that goes around corners, up hills and overseas." The car
      FT; Source: Honda  -  1,473 words
    • 6228 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      6,228 words
    • SHIPS IN PORT
      • 577 49 VwMl *o 1 Wo garth Arrive Dapirtot Vnua Voy No Berth fc*wj Departm Marina Terminal 1 Jurong Port Al Heba 9203 M03 22 01/2359 Bona J9 atongs.de 22 01/1500 Batam Baru B121 M03 alongside 22.01/2300 Coral Yellow ***** J3 alongside 22.01/0700 Batam Maiu *****2 M04 2201/0500 GN
        577 words
      • 854 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Babnce Rstts SQp Voy No Etb/Btr Period From To From Ace Concord 25W 22/1500 1 21/1500 21/1659 21/1900 ACX Jade 68A 22/1800 1 21/1500 21/1659 21/1900 fix Rose 23A 22/1400 1 21/1500 21/1659 21/1900 Atx VWet 38 23/1800 1
        854 words
    • 233 50 AFP PARIS The Airbus A-320, one of which crashed with 96 people aboard on Monday over eastern France, is the first regular passenger plane in the world to be entirely run by computers rather than by manual controls. The "fly-by-wire" control system, long standard
      AFP  -  233 words
    • 415 50 Reuter BOGOTA The leader of Colombia's private coffee exporters said the threat of a port strike was extremely serious and said some truck owners were already refusing to load coffee for export. Gabriel Rosas Vega, president of Colombia's Coffee Exporters Association, said coffee
      Reuter  -  415 words
    • 345 50 UPI PROVIDENCE, Rhode Island Textron Inc said on Monday it had won the bidding for General Dynamics Corp's profitable commercial airplane builder Cessna Aircraft Co with a US$6OO million (*****.2 million) cash offer. Textron said it expects to close the deal for Cessna, which
      UPI  -  345 words
  • Page 33 Advertisements
    • 18 33 Ums and MrvkM rtpr»M«t«4 Mwiw tIM Registry tf Accredited f(§lj /•or advertising enquiries, contact Shipping limes: lei 740-2009/740-2090.
      18 words
    • 161 33 Eacßen 9 I st CUSS CONTAINER TRANSPORT FAR EAST EUROPE EXPRESS SERVICE CALL 225 3522 iLfv mmm if j I J ij H A, _«^H -g| fi» v. r' JH The tiny on (he some fifteen miles from Barcelona. Every year, comes vttsttrte i wZ iusf a week-long place along
      161 words
    • 28 33 Container Schedule 17 Only Frwehts I Index to Advertiser* 1 Shaping Gurie 10,11 S»*ps m Port 17 Singapore Tries 17 Transport Diary 3 Weather and Sea Condrtxws 17
      28 words

  • Page 34 Advertisements
    • 89 34 NOTICE On a one-off basis, we have 2000 cu. m. of cargo space available on our general cargo vessel which will be load ready in Singapore about 2nd February 1992. For enquiries, contact: Austen Maritime Services Re Ltd Tel: 535 0305 Fax: 533 2016 Telex: R*****9 Vessel We have 2nd
      89 words

  • Page 35 Advertisements
    • 2504 35 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES «||IK TEL: *****11 FAX: *****09 Alll## BOOKINGS TEL: *****234 *****58 ■llllf TERMINAL/CFS TEL: *****218 220 PDOoOSn PCBAKA JARDINE BHIPPING AGENCIES SDN. BHD. L J PORT KELANQ TEL: *****18 FAX: *****91 *****88 PENANQ TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated to Quality Service
      2,504 words
    • 1966 35 TRANSPORT DIARY Keb 21-24: Air Traffic Services in the 21st Century 4th Symposium, jointly organised by Civil Aviation Authority of Singapore. Federal Aviation Administration. USA. Department of Civil Aviation. France and State Institute for Air Navigation. USSR at the Raffles City Convention Centre. For further information please contact Singapore Aviation
      1,966 words
    • 1512 35 ■□cmsaHßa TWO SAILINGS TO USA SEALAND MARINER VI2BE ETA SIN 27/1/92 MAYVIEW MAERSK V 9202 ETA SIN 28/1/92 Veaeal Voy ETA ETO Feeder by World Lynx/ DESTINATIONS Johanna to Thn «Mt Mayvtew Mmik 9202 CY 28/***** HRS Port CFS 27/1 2359 HRS Kelang Penang OAK LGB HOU MEM ATL MIA
      1,512 words

  • Page 36 Advertisements
    • 1288 36 ROTTEDAM/j VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE KURAMA 14/103 23/1 15/2 11/2 10/2 FRANKFURT EXPRESS 60/303 26/1 12/2 14/2 17/2 18/2 ttySJULf KASUGA 1 19/104 30/1 22/2 18/2 17/2 DRESDEN EXPRESS 03/304 2/2 19/2 21/2 24/2 25/2 JST itfi'uKl HONGKONG EXPRESS 05/105 6/2 29/2 25/2 24/2 SSmmi*/rnmiSrwT
      1,288 words
    • 712 36 SEABPAC SERVICE DKECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT U BONTANQ 3106 EB 27-29/01 11/02 14/02 19/02 IMPERIAL 3202 EB 23-28/02 12/03 15/03 20/03 Transit Time <13) (16) (22) ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. APIA. NUKUALOFA. P. VHA FASTEST SERVICE TO CW.E/PEKU SIN CLX lOQ
      712 words
    • 1578 36 gSlffMAwa um REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE st/wo,r sm alg bcl ham bre rot ant fel lna >. (VM (VIA (MA 27/01 17/02 1,/02 22/02 3/02 23/02 25 02 24/02 25/02 04/02 25/02 27/02 02/03 03/03 03/03 04/03 04/03 05/03 SS?SJl 1 i M 07/02 21/02 01/03
      1,578 words

  • Page 37 Advertisements
    • 1918 37 pi WSTRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 San ford Building Singapore 0208 Tel: *****88 Fa/: *****17 ACCEPTS DUE SALS CARGO SPORE B'KOK STRAITS VENTURE VOX Muara. Lab, KK In Port 22 lan PEGASUS PROGRESS V.701N 21 22 lAN 25 26 lAN RA«M BROOKE VO3E Muara. Lab. KK
      1,918 words
    • 2206 37 SINGAPORE AGENT: /\|t|*o||tp|«c p AO Containers (Singapore Agencies) Pte Ltd A. 9 15 Hoe Chiang Road #08-02 to 06 Sanford Building, Singapore 0208 W Te,: 22 5 2233 Telex: RS ***** PNOCSP Fax. 225 5327/222 7517 CR Number **********02 EXPORT__ IMPORT iHfer" is 33! S! 33: s5 E Z,, E;?
      2,206 words

  • Page 38 Advertisements
    • 457 38 CR NBR **********0-D EXPRESS SEMI CONTAMERSHIP SERVICES TO EUROPE VSL/VOY SPORE ROAM ADAM H'BWG BREMEN ANTWERP MATARAM/31WB 21/2 24/3 29/3 2/4 5/4 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subr»ci to ln4uc*m«nL Atoo accepting cargo to CaMtotanca, Port Sato, Port Alexandria, Qoooa, Trtoato. ALSO ACCEPTING BOTH CONTAINERS, CONVENTIONAL CARGO VIA T/S
      457 words
    • 1313 38 @HANJIN shipping] FOB VSL I mI UK HAUL LB OAK fDB VS. |UK HAUL SAV IN NTC HANJM LONGBEACH 036€ 25/1 08ECT 16/2 19/2 FISHGUARD BAT 282N 27/1 8 FtOSPEWTY 028E 5/3 1/3 8/3 HAIUN ROTTERDAM 017E 3/2 DRECT 24/2 27/2 HAIUH CHEJU 07* 3/2 H. KOBI 035E 12/3 11/3
      1,313 words
    • 1219 38 1 -J T pTTTTTTjMk ImviKwuuKioßinKmLucMiiimuiiwanfwnßaan I i own ■Mt wi 23/ i a/i a/i n/i 1/2 *n 4/2 m in 11/2 21/2 «/i vi in tin u/i ivi a/j wit/« im iv« i«/« I SEWTtt K4» a/1 1/2 2/2 7/2 IR/2 11/2 11/2 14/2 15/2 17/2 21/2 11/3 11/1 IVJ
      1,219 words

  • Page 39 Advertisements
    • 1966 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****44/*****14 FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****89 IMPORT CFS MB2: *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 *****53/*****50 SSSg MTU PKf NEPLINE SDN BHD
      1,966 words
    • 1018 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUH) WESTBOUW-lOWWG HWCHPfH) VM ROTTERDAM *sais wt |s» ml* |mc wt law |w lit
      1,018 words

  • Page 40 Advertisements
    • 1655 40 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) W W WT* TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/^9 I I TO M MALAYSIA: *K" UNE MARITIME (MALAYSIA) SDN BHD *i rn JL U m TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T.
      1,655 words
    • 1166 40 PHILI-ORI€NT UNCS PTC LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 qrfi BY AIR, LAND OR SEA.... Jap* WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AtMTFJUJAfiMW ZEALAHD/9QVTH PACtfTC >?FCLM. MVtCX' 30 JAN SYDNEY. MELBOURNE. BRISBANE, FREMANTLE
      1,166 words

  • Page 41 Advertisements
    • 1102 41 SSSSSSmmIB pacific international lines (pte) ltc S SgSSw m m HiIPIL Building, 140 Cecil Street lK»00, Singapore 0106. CRNOMOQaQ67QOnn| VESSEL VOY SIN JKT SIN VtSSfL VOY SIN BKK S'N BUNQA TKRATAJ 5/1 j/ 2 KOTA PAHLAWAN KPL2O4 23/1 2S/1 SO/1 EDEN Ml M/ KOTA BINTANO K8T204 34/1 27/1 30/1 EQUATOR
      1,102 words
    • 1236 41 EacßenV F CLASS CONTAINER TRANSPORT FEEDER VESSEL I PENANG P KELANG I OCEAN VSL/VQY SIN SOU (1) I RTM (2) HAM (3) GOT (4) ANSON/TBN 17/1 Ifln NIHQN 2022 22/_1 8/2 9/2 11/2 12/2 ANSON/TBN 24/1 25/1 BENARTY 2032 28/1 14/2 1672 17/2 19/2" ANSON/TBN 31/1 1/2 ALSIA 2042 4/2
      1,236 words
    • 500 41 MYANMA INI FIVE STAR LINE 1 (Myanmar National Lina) Loading for Yangon (Rangoon) Sport P.KIf P#n P.6d( MERGW VI UN 22/24 Jan Sid AW* ¥112* Fafc PAGAN VI79W 12/14 Frt HPA-AN VI73W 1/10 frt THE BANK LINE (A MrvlMof Andrew Watr Shipping) Yi 9CMI-CONTAINEN BIRVICE \1 HIAVY LIFT CAPABILITY I
      500 words

  • Page 42 Advertisements
    • 594 42 W/JM! EHLsfffflTrWT!Tifffi JfSt ft I STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS IN BOUND VESSELS KSttl VOY SP M HVC M MAKE MOON 20 23/1 2S/1 SKI HOC HI 12 25/1 21/1 S«l HEISM ti 20/1 21/1 SOUMI 10 20/1 21/1 ASEAN TRADER IS 21/1 30/1 OUTBOUND VESSELS
      594 words
    • 67 42 I- S pore p Ke,an 8 Loading for I K0 Rdm/Atw/UK/Nantes I s—- as ss ssrs""-1 [Spore Loading for I GLOBAL STAR 30/1 Jeddah/Aqaba I SAMMI BLONDE 1/2 Dubai/Oammam I IS'pore PAN LIBERTY Los Angeles/New Orleans/ Charleston Norfolk /Camden I PAN EXPRESS Los Angeles/New Orleans/ I Charleston/Norfolk/Camden I •Loads Indonesia
      67 words
    • 100 42 I MRGOffIO /SHENZHIN SHIPPING J====l Tel: 227 4788 Fax: 227 2083 S WEEKLY •China L€L £SSf'\ •ftono CONSOLIDATION IT" Kone China Ports Include: **Y"6 BEIJING CHANGCHUN CHANGSHA > >\ CHENGDU CHONGQING FUZHOU V GUIUN HARBIN KUMMING XIAN —r \CV IJ NANNING QUANZHOU SHEKOU II SHENYANG SHENZHEN WUHAN s-, *\J XIAMEN
      100 words

  • Page 43 Advertisements
    • 1057 43 NEPLLOYD GIVES YOU DUBAI DIRECT feeder vessel p klang penang ocean vessel sin Lt mavre(J) r'oam(i) h-bu«o<j> bmaven rsTOwt s hampton oiuM VESSEL Jkt P.K| *Pen *Bkk Sin Sbay J Auckland Fiji(A) (I Plymouth (A) Amaru Lyttiltan(B) Dincdn(B) Napier Wefagton(C) Tairanga tm/ui -1 i«ja/K4 2S/1 23/1 im E*<wi rim 2t/i
      1,057 words

  • Page 44 Advertisements
    • 765 44 TO AUSTRALIA NEW ZEALAND p* |Fr«m |M*« Syd |Auck |NPf |P CHAIM ANTWMPfK MS 1/2 1/1 14/2 IS/2 24/2 21/2 maatha ■2M UTi 577" io/3 TiTT" 19/3 UTi tutN Huotc 2«7 12/3 TiTT" TITT" UTT ITS «7J ■RUSKI 2U 5/4 12/4 11/4 l»/4 2S/4 7174 TO USA/CANADA Wl s*i I
      765 words
    • 1037 44 EXPORTS TO HONGKONG. TAIWAN, MANILA I JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUC VOY PHI PEN JKT HI |MH HKC KAO ME TYO YOK VU NCO KOB [ITtSStL VOY |SIN |PKL PtN BIW~SIN~ ACXYHXtT 38 "201 *«22 1 21 1 23.1 21 1 30 1311 4 2 4 2 12
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  • Page 45 Advertisements
    • 605 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE *****33 24 LINES LIMASSOL/PIREAUS 26/1 ROTTERDAM 26/1 HAIFA/ASHDOO/ALEXANDRIA 26/1 HAMBURG/BREMEN 26/1 MARSEILLE/FRANCE 26/1 FELIXSTOWE/UK 26/1 BARCELONA/SPAIN 26/1 LEHAVRE/ANTWERP 26/1 GENOA/ITALY 26/1 GOTHENBURG/SCANDINAVIA 26/1 LOS ANGELES/WC/IPI 26/1 SYDNEY/MELBOURNE 25/1 NEW YORK/EC 26/1 FREMANTLE 23/1 VANCOUVER 26/1 BRISBANE/ADELAIDE 25/1
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    • 939 45 ffi TEL: *****33 (12 UftM) ®FAX: *****15/*****03 TELEX: RS ***** RISHtP (3 Lin—) ETHIOPIAN SHIPPING UNES f (NationaJ lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IvOY ETA I LOADING FOR SPOWE ABBAY WON 2 31WB 15/02 OARCSSALAAM MOMBASA DJIBOUTI ASSAB MAS SAW A ANOINET 27W8 21/03 OARCSSALAAM MOMBASA DJIBOUTI
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    • 454 45 JAKARTA BANGKOK I 1 ww a» jmt loot jm I m 8"» LZS mrha—i» STTTTT™^Su IZZS »/»> 28 01 N*NT> BHUM 74R T*m 23 01 Sun »/01 jynwys »/01 1/02 g mm* 490W Fn 24/01 T y 21/01 "HUM 12fS 01/02 OS 0? THAM BUM*## 06H Um 27/01 Tfcur 30/01
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    • 339 45 I ram VBL VOY MHQAPOHE MADRAS SINGAPORE VESSEL VOY SM MM SW TIGER SPEED ISSN 20-20/01 01-43/02 00-09/02 TWER SHARK 07* 29-30/01 05-00/02 12-13/02 TIGER BRDGE 109N 02 03/02 00-10/02 10-17/02 VBL VOY aNQAPOnE/CALCUTT A/SINGAPORE VESSEL VOY SM CM. SM TIGER RIVER 143CN8 23-24/01 30-03/02 09-10/02 EAGLE BREEZE 00C 20-27/01
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  • Page 46 Advertisements
    • 1392 46 S'PORE IMPORT: *****02 I IPENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 COiOMBO/S. AFRICA I y ■> PFN PK oiu PEN PK S,N I jj SIN Colombo 23/1 24/1 25/1 I 25/1 26/1 27/1
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    • 394 46 ffyW BLUE STAR LINE TO FROM 0/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SM NPI AKL LTT sin mm* ISS 27/1 1/2 VIA m. 10/2 27/2 MULBERA 25S 7/2 19/2 Vl* NPL 21/2 0/3 MAHSURI 0514 19/2 2/3 Vl* NPL 4/3 21/3 FULLY CONTAINERISED
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    • 1037 46 I IF THONG SOON LINES PTE. LTD. mz Tl ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER > RS <2452 JENHOL CABLE: TOSOCO BBBHi I CONTAINS MBWCBE fci" SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vessel |vot In* Jjjfjr
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  • Page 47 Advertisements
    • 835 47 COMPANIA PERUANA m DE VAPOREB "PERUVIAN STATE LINE" ACCEPTMG BREAKBULK/FCL/SOC CARGOES TO/FROM CALL AO, MATARAM, 10* I OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CM THROUGH BLL OF LAOMG. IR\"EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTMG BREAKBU.K/SOC CARGOES TO/FROM KOBE. YOKOHAMA, NAGOYA, MO*. TOKYO*, OTHER JAPAN PORTS*, MANIA*,
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    • 460 47 czjz I iwESF N.AMERICA/CARRIBEAN SERVICES KCSStI f»OT [BN hMUNUO Mff Ltt itSI [SAW fcfffC tffl nftglM l niHBAN m a/2 1/3 i/i 11/3 11/1 -OUOUS 721 2/2 m iMumtH me 10/3 11/3 a/3 a/3 n/i m IMHUC 1321 1/2 Ml MMM 1£ 11/3 20/3 24/3 S/l a/3 Accaptef c»f* Ik
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    • 430 47 MIDDLE-EAST/PERSIAN GULF ACCfPTMQ FCL/LCL DUBAI. OAMMAN SHARJAH. DOHA. MUSCAT. BAHRAIN. ABU DHABI BANDAR ABBAS. JEDOAH FAR EAST accepting fcl/lcl PENANG P/KELANG. JAKARTA. BANGKOK. HONG KONG. TAIWAN, JAPAN. MANIA KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON FELIXSTOWE. LEEDS. TILBURY ABERDEEN. IE HARVE. HAMBURG. ROTTEROAM. ANTWEP GOTHENBURG. COPENHAGEN i ALL OTHER EUROPEAN PORTS INDIAN
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    • 452 47 PERINTIS LINE 8. JHIMWWWHWIWWMiMBrap WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA VESSEL VOY SIN JKT DASA ENAM 911 In Port 25/01 DASA ENAM 912 29/01 01/02 PELOPOR 1024 25/01 29/01 General Agents: ABIA PERINTIS UNES PTE LTD 19. Keppel Rd #05-02 Jit Poh Bldg Singapore 0208
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    • 455 47 S§ FM EAST 28/1 KEELUNG/KAOHSIUNG 24/1 BANGKOK 24/1 MANILA/CEBU 26/1 JAKARTA/BELAWAN/SURABAYA 27/1 PORT KELANG/PENANG/E. Malaysia 27/1 BUSAN 27/1 TOKYO/YOKO/KOBE/NGO/OSA 27/1 HONG KONG SIN CNjNA 27/1 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SM EUtOPE/UK 27/1 LDN/FLX/LVP/SOU 27/1 RDM/HAM/ANT/IE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. SIN USA/CANADA 27/1 LOS
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  • Page 48 Advertisements
    • 816 48 C/T FIL CONTAINER SERVICES PTE LTD MADRAS CALCUTTA BAN6KOK VSL 3IN/MADWA3 VBL 8 IN/CALCUTTA VBL BIW/BAHQKOK SM DM SM SM CM. SM SM KK NEXT AVU.AKE SM 2* 21/01 02-03/12 NUT AVMLMU 23-24/01 30 03/02 W-10/02 WIT HUWi 2®-27/01 01 03/02 08-09/02 20-27/01 02-0«/02 12-13/02 24 lan 27 i» 30-31/01
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    • 482 48 CHI! con-wv injEßmoDflPlt f LCL/FCL SERVICE FROM I HI HI ifijfc JCUJI operates over 600 tenrmafc/oHicee in US A. II I fcT mm. \CtUI m *"tain* over 35,000 rectorsAtrucks. IJp Jjjaft 60.000poMtinUSA General A«ontt: Of H PENANQ KL: allied-link SINGAPORE: 04-*****2 *****8955 778 5522(22 lines) Marina Onfl Ng/PMIIp Kaa Irene
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    • 451 48 f ,BjjiLu iuiiu,i i MANILA ETA VIGOUR SINGAPORE 18NB 25/1 i. VIGOUR PACIFIC 55N8 1/2 BANGKOK 26/1 2/2 BUSAN 27/1 3/2 HONGKONG 24/1 1/2 DURBAN/PT LOUIS 25/1 5/2 KEELUNG 27/1 3/2 USA 27/1 3/2 PT KELANG 24/1 28/1 KOBE 27/1 3/2 PIRAEUS 30/1 12/2 OSAKA 29/1 5/2 JAKARTA 24/1 28/1
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  • Page 49 Advertisements
    • 329 49 vO c vO c vO c vO c vO c vO c vOc U VAN OMMEREN CETECO GROUP U r TRANSPORT DIVISION > VOTAINER CONSOLIDATION SERVICES: F] THE ONLY CONSOLIBSRR WSW iWOBLDWIDt NETWORK f] VJ Weakly FCIACI Services To/From U V USA EUROPE FAR EAST > BaMmore: Votainer Consolidation Services
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    • 23 49 Read Chartpoint, yv >? a guide to :«<;« investing in V v- the Stock Market. --V..-t'*>< >>' *Y -J Every Saturday in H> 7 Business Times
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  • Page 49 Miscellaneous
    • 291 49 TIDES AND WEATHER TODAY'S TIDES (M»t in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0000 ******************************00 **********00 *****100 2200 2300 JR 2.5 26 15 l\ 16 1.2 1.0 1.1 13 18 26 33 3.5 3.4 29 2.3 1.5 09 05 03 0.3 0.5 1.1 1.9 PP 26
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  • Page 50 Advertisements
    • 1143 50 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EABTBOUNP FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST rent* wi wt pq> law lm mm wr koo uh om se* ut hmi tot mo tcm/sh rn SA RANGER NOO2 23/11 LAIAMM 4tt 31/01 U/tl 21/02 22/02 TtWCWWtD 0* 7X
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