The Business Times, 18 February 1992

Total Pages: 48
1 48 The Business Times
  • 16 1 BUSINESS TIMES THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Tuesday, February 18, 1992 75*
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  • NEWS SUMMARY
    • 62 1 TOKYO Japan's index of mining and manufacturing in 1991 posted the smallest growth in five years, rising 2.1 per cent over 1990, the Ministry of International Trade and Industry said yesterday. The index stood at 128.0 against the base of 100
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    • 69 1 FRANKFURT The West German economy contracted again in the fourth quarter of last year, the third successive quarterly decline, the Bundesbank said yesterday. In its latest monthly report, the central bank said GNP provisionally fell a real, seasonal and calendar adjusted 1/2 per cent from
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  • MARKETS SUMMARY
    • 48 1 LONDON share prices were firmer at midday yesterday, although gains were mostly on thin turnover in aimless trading. At 1200 GMT, the FTSE 100-Share Index was up 17.6 points, or 0.7 per cent, at 2,531.5. The New York stock market was closed for a holiday yesterday
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    • Article, Illustration
      29 1 Monday Change BT-MGA 717.92 -6.8 Kuala Lumpur .„.597.78 +2.03 Tokyo 21,324.98 441.12 Hongkong 4,719.19 -53.13 Sydney 1,614.2 -4.7 Friday Change New York 3,245.97 -0.68 London 1,950.9 -6.5
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    • 21 1 US$ SS 1.6330 100 Yen SS 1.2858 MS SS 0.6280 MoMy market rites Overnight 3 unch 3-month 3 3/16% -1/16
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    • 35 1 London Gold AM fix US$354.20 -USS I.IS ?pweMar.„ 128.75«/Vg -0.25 M'sia Mar 210.50'/kg -1.50 KL Tin Turnover 87 tonnes +2 Spot MSl4.36/kg -0.02 Crado palm oN Turnover 1,007 lots +406 Mar MS895 /tonne -3
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  • 432 1  -  Reductions a response to accord reached at recent S'pore summit From Maggie Ford in JAKARTA INDONESIA has identified 10 categories of products in which it is sufficiently competitive to reduce tariffs within the Common Effective Preferential Tariff scheme adopted by Asean, according
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  • 177 1 SINGAPORE Crude oil prices plummeted in the Far East market yesterday after Opec ministers meeting in Geneva foiled to fix a production ceiling low enough to compensate for falling demand in the next few months. Reuters reported that light crude for April delivery
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  • 395 1  -  By Sylvia Wong SINGAPORE The proposed takeover of L&M Group Investments by Guthrie GTS Ltd has drawn what must be the coolest response in Singapore's corporate history. Neither company's shares showed great activity or volume in the stock market yesterday, as analysts expressed reservations about
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  • 220 1  -  From Harish Mehta in HO CHI MINH CITY THE Vietnamese partner of Singapore-listed Asia Pacific Breweries Ltd (APB) wantsto double the capacity of a proposed joint-venture brew-l ery near Ho Chi Minh City" by 1996. APB and Vietnamese firm Foodstuff Co II signed an
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  • 231 1 SINGAPORE The Straits Times Industrials Index fell below the psychological support level of 1,500 yesterday, to close at 1,494.81, down 9.1 points from Friday's close. Total turnover was 32.81 million shares, substantially lower than Friday's 50.92 million shares. Blue chips were the main losers
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  • 246 1 SINGAPORE The greenback plunged in Asian trading yesterday, as a series of central bank interventions took the market by surprise. The Bank of Japan and the US Federal Reserve intervened on the currency markets around mid-day Singapore time, selling US dollars against the yen. The intervention
    Source: Chart by TeleTrac  -  246 words
  • 393 1  -  By SN Vasuki SINGAPORE The Stock Exchange of Singapore (SES) has unveiled new guidelines for listing-application procedures. The guidelines, which came into affect last week, aim to hasten the application process and ensure closer contact with lead managers and companies seeking listing. The exchange is also
    393 words
  • 185 1 Reuter TOKYO Japanese financial institutions may face restrictions in Europe unless Tokyo shows more flexibility in talks aimed at liberalising financial services, European Commissioner Sir Leon Brittan said yesterday. Mr Brittan said Japanese firms would get the same treatment as
    Reuter  -  185 words
  • Page 1 Advertisements
    • 464 1 Nikon The World's Finest Photographic System CSH changes strategy MODIFYING its strategy for Singapore's increasingly competitive market, Cold Storage Holdings Ltd (CSH) has closed its bottling plant in Tuas and decided to push aggressively into opening more supermarkets Page 4 Little impact PROFITS are expected to be only slightly affected
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    • 9 1 Opec unlikely to raise prices to US$2l, Pg 28
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    • 6 1 Focus, Pr 11 Analysis, Pr 13
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    • 42 1 Nikon Tho World s Finpst Photograph c System ■IMP| m ■i Cartier THE ART OF BEING UNIQUE Ca/iier Boubque/ SJNGAPOHE (01 N LuOyPiut IMOOwdIM W rt*3*27 «0i 4* Tl» Shoppy G«Mf> ttaonlrwnaton* &r«wo* Ml OdM Road M 2MO2aS ■IO<4).NHRI>«MK« JtOOOMIM W 73V»P*3
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  • PAGE 2 NEWS
    • 450 2  -  Bid to ensure pollution-free waters in Malacca Strait, South China Sea By Shoeb Kagda SINGAPORE Asean Environment Ministers now meeting in Singapore will discuss setting up a fund to ensure pollution-free waters in the Straits of Malacca and the South China Sea. The
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    • 442 2 Reuter TAIPEI A decision by Taiwan's central bank to restrict the flow of equity investment funds into the island has stunned foreign fund managers and sparked a dispute over financial policy within the government. The decision threatens to damage the confidence of foreign
      Reuter  -  442 words
    • 451 2  -  Globalisation through Twinning conference Transfer made through overseas investments: Lim Boon Heng From Genevieve Cua in LONDON SINGAPORE is ready to move into the next phase of economic development by exporting technical know-how through overseas investments, said Lim Boon Heng, the Senior Minister of
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    • 242 2 LONDON Common interests and historical links between Singapore and the United Kingdom make the two countries ideal partners for trade within their respective regions. The point was highlighted by Lord Reay, the British Minister for Industry, when he spoke at the
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    • 309 2  -  By Harish Mehta SINGAPORE Vietnam's communist leadership will remain supreme, even though it has launched sweeping economic reforms and plans to open the country to more foreign investment, says a Vietnamese constitutional expert. Madam Ngo Ba Thanh, chairwoman of the Vietnamese Law Commission
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    • 448 2  -  By Schutz Lee SINGAPORE New Zealand has urged all participants in the Uruguay Round of talks under the General Agreement on Tariffs and Trade to use Gatt directorgeneral Arthur Dunkel's draft final text to complete the round rapidly. New Zealand's Trade
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  • Page 2 Advertisements

  • SINGAPORE NEWS
    • 350 3  -  10m centre to be company's technical base in Asia Pacific region By Ang Wan May THE Asian sales branch of a leading Japanese chemical company opened a $10 million research centre at Senoko yesterday. The Asia Research Centre was opened by Daicel
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    • 266 3 VIETNAM Airlines will launch its new service from Ho Chi Minh City to Singapore this evening. According to a Civil Aviation Authority of Singapore (CAAS) statement, the establishment of scheduled air services between the two countries will facilitate the growth of trade, tourism and
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    • 436 3 SIX-DIGIT postal codes which Singapore Telecom expects to issue in April next year are critical to the full automation of mail-process-ing by 19%. For machines to differentiate between addresses, each house or apartment block referred to as a "delivery point" must be
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    • 238 3  -  By Dawn Tan SINGAPORE jewellers plan to hold a trade exhibition next year to boost the Republic's reputation as a major diamond and jewellery centre. The International Jewellery Singapore Exhibition, slated for May 1993 at the World Trade Centre, will be sponsored
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    • NEWS ROUNDUP
      • 50 3 KAPITI Singapore has signed an agreement with Toshiba Corporation to market its products in Japan as part of its plan to expand into the Japanese financial markets. Toshiba will act as value-added reseller of Kapiti's dealing-room product, FIST (Financial Information Systems Toolkit).
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      • 59 3 THE Minister for Radio, Film and TV from the People's Republic of China. Ai Zhisheng, is visiting Singapore from today to Sunday at the invitation of the Minister for Information and the Arts, Brigadier-General (Res) George Yeo. While here, Mr Ai will call on President Wee
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      • 46 3 JAPAN Airlines will offer four summer scholarships in Japan to full-time graduate students from six tertiary institutions. Open to Singapore citizens and permanent residents, the scholarships are in their 18th year, with some 88 Singaporean students having already participated in the programme.
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      • 46 3 THE Singapore Bus Service (SBS) will operate a chartered shuttle service to the Changi International Exhibition and Convention Centre for the Asian Aerospace '92 Exhibition, from Feb 25 to March 1. The shuttle service will only be for admission ticket holders.
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      • 56 3 THE Public Works Department will start work on raising the servicc road parallel to Scotts Road from today as part of its walkway improvement project along Orchard and Scotts roads. Because of the work, the entrance to the Dynasty Hotel from Scotts Road will be closed to
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  • Page 3 Advertisements
    • 72 3 RETAILERS Are you X'panding? Planning to move? Call the people with the 'X' factor! X'perience X'pertise We are the Joint Sole Marketing Agents for these X'citing projects! QrrtMllßMd Available Sob-Urban/«Hb«ri Available TangUnMall (Phasel) 3rd qtr92 Kovan Centre 4thqtr92 Pacific Plaza Ist qtr 93 Northpoint Shopping Centre 4th qtr 92 Takashlmaya
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    • 34 3 READ C H A R T P 0 1 N T EVERY S A T U R D A Y IN B U s I N E S S T I M E S
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    • 95 3 Executive Jobs every Saturday in Business Times HIAIHHWs"fIH■II M A V 1 B 1 Hj| I I TAKE ONE DAILY TO GIVE YOUR HAIR THAT EXTRA BOOST. T yjK3Bi^?^LTC?^- es To give your hair a headstart, take one ON TOP tablet today n~ i terrific look. j You know what
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 125 4 SINGAPORE Far East Levingston Shipbuilding Ltd has launched a jack-up rig it is building for Santa Fe of the US. Fels said in a statement that Santa Fe has asked it to incorporate special features (added safety features and more comfortable accommodation) in the
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      • 97 4 SINGAPORE Former Health Minister Howe Yoon Chong, 70 this year, was appointed to the board of Straits Trading Co Ltd on Feb 14, bringing the number of directors to eight. Yesterday's announcement came almost four months after Mr Howe was appointed to the board of
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      • 75 4 SINGAPORE Scotts Holdings Ltd has said that its business (mainly service apartments and shopping space rental) is of the nature that after a certain point there is no co-relation between revenue and expenditure. It was explaining to the Stock Exchange of Singapore the huge jump in
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      • 116 4 SINGAPORE Low Keng Huat (Singapore) Ltd, whose public offer closes today, has told the Stock Exchange of Singapore that it did not provide BT with information not contained in its offer prospectus. It said that a BT article which reported that 80 per cent of its
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      • 79 4 SINGAPORE Singapore Technologies Industrial Corporation Pte Ltd (STIC) has clarified that Asia Pacific Logistic Services and Asia Pacific Air Cargo are both its subsidiaries. Asia Pacific Logistic Services is a 60 per cent shareholder of a newly-established joint venture, Asia Pacific Air Cargo. Its partners in the joint
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    • 440 4  -  CSH announces flat interim results By Lee Han Shih SINGAPORE Modifying its strategy for Singapore's increasingly competitive market, Cold Storage Holdings Ltd (CSH) closed its bottling plant in Tuas and decided to move aggressively into opening more super markets. CSH, announcing a set of
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    • 655 4  -  New rule does not apply to those with joint ventures Fron Leslie Lopez in KUALA LUMPUR FOREIGN stockbroking companies operating representative offices in Malaysia will have to obtain an investment advisory licence by the end of the year or be told to
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    • 538 4  -  By Magdalene Ng SINGAPORE Profits are expected to be only slightly afTected by a proposed move to make companies disclose the actual interest cost of their bond-cum-warrant issue. It was earlier feared that companies issuing such paper would see their
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    • 252 4 SINGAPORE GK Goh Holdings Ltd has posted a 39.9 per cent drop in net earnings to $2.1 million in the six months ended Dec 31 from the year-earlier period, according to the company's unaudited results. GK Goh again attributed the decline in
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    • 686 4  -  MARKET TALK 1992 could be a watershed year for junior board By Magdalene Ng SINGAPORE Sesdaq turns five today. A big birthday bash may not be in order, but the junior board has made enough progress to prove that there is
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    • COMPANY BRIEFS
      • 78 6 JAKARTA Indonesia's third largest business group, Sinar Mas, and Australia's Meadow Lea Food, subsidiary of Goodman Fielder Wattie Ltd, have agreed to set up a cooking oil factory in Jakarta, a company official said. The two firms will put up 50 per
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      • 122 6 TOKYO Japan's Canon Inc said yesterday that its net profit grew 10.3 per cent from a year earlier to 42.6 billion yen (***** million) in the year to December and raised its earnings forecast for the current year. The company, Japan's biggest camera manufacturer,
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      • 81 6 NICOSIA A private Saudi Arabian business group signed a letter of intent early this month to acquire 50 per cent of the refining and marketing assets of Fina Inc, the US subsidiary of Belgium's Petrofina SA, the oil industry newsletter Middle East Economic Survey
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      • 88 6 TOKYO Mitsubishi Corp is likely to join a consortium of companies in a US$9 billion (5514.7 billion) natural gas liquefaction project in Oman, industry sources said. The Oman Energy Ministry said recently that it had signed a letter of intent with firms, including the Royal Dutch/Shell
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      • 84 6 SYDNEY Weeks Petroleum Ltd said yesterday that it will float its Bass Strait oil royalty at a gross price of As22o million (*****.6 million) in a new vehicle to be called Weeks Royalty Ltd (WRL). Weeks, 95.6 per cent owned by Australian Consolidated Investments Ltd,
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      • 68 6 TOKYO Matsushita Electric Industrial Co Ltd said it agreed to set up a joint venture with Hangzhou Goldfish Electrical Appliance Co in Hangzhou, China, to produce fully automatic washing machines and components there. The new company Hangzhou Jin-Song Washing Machine Co Ltd, initially capitalised at 500
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    • 326 6 HONGKONG A consortium planning the Kowloon skyrail intends to put together a syndicated loan worth HKS2 billion (Ss42o million) to HK$2.5 billion, probably in the second half of the year, sources close to the group told the South China Morning Post. However, the
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    • 617 6 Reuter BANGKOK Siam Cement Co Ltd should post improved results in 1992 after its 1991 earnings were squeezed by reduced profit margins and rising production and operating costs, brokers and analysts said. They said the construction materials giant should this year begin to reap
      Reuter  -  617 words
    • 546 6  -  Philippine tile maker embarking on major expansion programme From Al O Labita Jr in MANILA PHILIPPINE ceramics manufacturer Mariwasa has joined forces with two Japanese companies, Noritake and Toyota Tsusho Corp, to gain the clout to carry out its expansion plans. Noritake has
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    • 289 6  -  From Al O Labita Jr in MANILA MANILA Electric Co (Meralco) chalked up a net income of 1.518 billion pesos (Ss9s million) last year, far exceeding its forecast of 1.355 billion pesos. The utility firm which has a virtual monopoly in the supply
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    • 780 6 Shanghai Vacuum shares to be floated on Friday Reuter HONGKONG China s infant share market takes a leap in the dark this week when foreign investors return to the Shanghai bourse more than 40 years after the communists threw them out. Hongkong analysts say both
      Reuter  -  780 words
    • 417 6 Reuter BEIJING Volume on China's fledgling stock market in Shanghai dropped sharply in January, but residents hoping to get rich quick bought millions of lottery tickets for a chance at new stock issues, Sunday's China Daily said. Trading volume on the Shanghai Securities Exchange,
      Reuter  -  417 words
  • Page 4 Advertisements
    • 367 4 COMPUTER ERA THE ONLY COMPREHENSIVE COMPUTER DIRECTORY COMPUTER ERA, in its 20th Edition, is the only comprehensive directory serving the computer industry in this region. It is published once every six months and meticulously updated for your sourcing guide, featuring at least 98% of active Compiled in an easy-to-use format,
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  • Page 5 Advertisements
    • 425 5 Very few office blocks Grow up to be World famous landmarks. IH 1111 fiijflH l« r I Lil ||||||m IfS E«fl SMiM Im I E^fl UgHH ■<* I ||||l In I |vl H| BffiM H 11 11 1H lIpIIII H M I ■^^^I^BE^hSk l >r> Kml HnBM I'* m K
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  • Page 6 Advertisements
    • 330 6 have more than years experience a Henley College the University of West applications for the hxemptions MBA programme (through distance Exemption from certain subjects learning and evening class Change Managing Strategic Award of Degree may be granted on the basis of attendance). Since the first intake in Information Managing Strategy
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  • Page 7 Advertisements
    • 59 7 K °F Trffffiw^ lo kD, HTHE YEIV oHI PAG^ Once you put your ad in the Yellow Pages, it'll be plain homes, offices and hotels around the island. Take the sailing. Your ad will be on course to your customers in wind out of your competitors' sails, book your ad
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 130 8 MANAMA, Bahrain Foreign bankers who have been enjoying a virtual tax holiday in Saudi Arabia for many years have been told they have to start paying a hefty tax this year, plus a backlog of millions of dollars of deferred taxes. Bankers in
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      • 109 8 TAIPEI Taiwan's top law enforcement agency uncovered 1,083 financial crimes involving more than NTS 100 billion (556.4 billion) last year, the semi-official Central News Agency said. About 2,100 people were charged with financial crimes, including tax evasion, insider trading and fraud, the agency quoted the Bureau of
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      • 82 8 TOKYO The Ministry of Finance (MOF) is weighing risk-management rules for life and non-life insurance companies to protect beneficiaries, a MOF official said. The new rules are likely to require insurance companies to put aside reserves against various risks, as a source to pay insurance benefits,
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      • 74 8 BANGKOK The Thai Military Bank (TMB) has opened a branch in Hongkong as part of a strategy to expand its operations in the Asia-Pacific and Indochinese regions. A bank official told the Bangkok Post that it has also set up a joint venture with a
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      • 72 8 MILAN Leopoldo Pirelli was forced to surrender control of Pirelli SpA, after some 25 years as chief executive officer, at the insistence of banks financing the company's massive restructuring programme, Milan newspaper Corriere Delia Sera said. The newspaper said Mr Leopoldo's surprise decision followed a
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    • 246 8 Reuter SEOUL South Korea's central Bank of Korea is expected to allow banks and financial institutions to set their own interest rates for most transactions from the second half of this year, officials said yesterday. "Details have not been completed but circumstances are becoming
      Reuter  -  246 words
    • 425 8  -  From S N Vasuki in KARACHI FOREIGN banks and international financial services companies, long restricted from entering Pakistan's tightly-controlled banking sector, now have an opportunity to operate here because of sweeping changes introduced by the 15-month-old Nawaz Sharif government. Following the privatisation of
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    • 620 8 KARACHI Finance companies established under Islamic law are thriving in Pakistan, though increased supervision of their activities by the country's central bank, the State Bank of Pakistan, is expected to tame the growth of the industry this year. At last count, at
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    • 498 8 HONGKONG Lippo Investments is attempting to woo investors back to Indonesia, last year's dud player, with the launch of a rupiah fund, the Sunday Morning Post has reported. The fund, investing in money market instruments, aims to tap into the high levels of
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    • 262 8 Reuter LONDON Crisis threatened Lloyd's of London last week after painful losses came to light at the world's biggest insurance market on claims from a series of catastrophes. A Cabinet minister said that the government was keeping it "under close review'*
      Reuter  -  262 words
    • 526 8 Reuter SINGAPORE Asia's fastgrowing venture capital industry is taking a breather from hectic fund-raising while it works on improving accounting and other housekeeping at the private Asian companies which seek the funds, analysts say. "A lot of money came into the market
      Reuter  -  526 words
    • 490 8 MARKET TALK Reuter SYDNEY The interim profit result of Australia's largest retail bank, the Commonwealth Bank of Australia, will be watched as a key indicator of the health of the nation's banking industry, share analysts say. Commonwealth Bank, which became a listed company
      Reuter  -  490 words
  • Page 8 Advertisements
    • 143 8 Lainiere de Picardie <^^t\ (Asia) Ltd. n mtttam (s ;«)*i®&sj ARE GLAD TO ANNOUNCE THE OFFICIAL OPENING OF SINGAPORE BRANCH Lainiere de Picardie (Singapore) Pto. Ltd. on February 18,1992 (Tuesday) 608, Martin Road, #10-02 Central Merchandise Distribution Centre Singapore 0923 Telephone No: 738 3722 Facsimile No: 738 3752 Lainiere de
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  • THE REGION
    • 374 9 Move to polish tarnished image of industry BANGKOK Thailand's first Tourism Bill which addresses the problem of inadequate tourist protection was passed last Friday, the Bangkok Post reported. Bill, which will require tour operators to register their operations and compensate tourists for substandard service,
      374 words
    • 343 9 Investors urge more tax breaks to boost viability BANGKOK The Board of Investment (Bol) will conduct an overview of the nation's petrochemical industry to regulate its future direction, a Thai newspaper has reported. According to the Bangkok Post. Board of Investments secretary-general Staporn Kaitanon had
      343 words
    • Article, Illustration
      70 9 PYONGYANG Kim Jong II (left), son of the "Great Leader" Kim II Sung, chats with his father in front of what appears to be a guest house near Pyongyang. North Korea's top party and state organs swore an oath of allegiance to Kim Jong II on
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    • 468 9 AFP BANGKOK A senior Thai official yesterday called on France and other West European countries to help Thailand relax its "over-de-pendence" on trading with Asia's economic superpower, Japan. Commerce Minister Amaret Sila-on told his French counterpart, Jean-No-el Jeanneney, he
      AFP  -  468 words
    • NOTE BOOK
      • 46 9 KUALA LUMPUR A trade mission comprising private sector and government representatives from the province of Quebec, Canada, is seeking opportunities to improve commercial ties between Canada and Malaysia in power generation and electrical engineering products and services.
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      • 100 9 BANGKOK The United Nations will give Vietnam US$93 million (S$ 151.87 million) to aid the country's economic reforms, the official Vietnam News Agency said. "Die funds from the UN Development Programme will help Vietnam develop its legal system, reform financial and banking regulations and help
        100 words
      • 64 9 SYDNEY Australia's Deputy Prime Minister Brian Howe said the housing industry was recovering and would not need financial aid in the government's economic statement due on Feb 26. "The housing industry doesn't require any stimulus in the economic statement," Mr Howe told a conference, domestic news
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      • 112 9 BANGKOK Thailand's Minister of Finance Suthee Singhasaneh met senior Cambodian officials on a three-day visit to Phnom Penh, a Finance Ministry official said yesterday. Mr Suthee, who went to Cambodia on Friday and returned on Sunday, was accompanied by senior officials from Thailand's privately-owned Siam
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      • 114 9 MANILA Officials and academics from Spain and seven Asia-Pacific nations and territories gathered here yesterday at the start of a two-day conference to foster solidarity among former Spanish colonies in the region. Philippine President Corazon Aquino addressed the opening session of the conference with the observation
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    • 422 9 Bernama KUALA LUMPUR Malaysia is still the favourite among Japanese investors when it comes to relocating their operations overseas, despite local labour problems. According to the Japan External Trade Organisation Kuala Lumpur Centre, these views were voiced in a Jetro survey on
      Bernama  -  422 words
    • 326 9 MBT KU£HING The Sarawak government will spend Msft4.7 million (*****.6 million) on industrial estate development within the next 12 years. The state has in the past five years invested Msl47 million for the purpose, its Industrial Development Minister Datuk Abang Johari Tun Abang Openg
      MBT  -  326 words
  • Page 9 Advertisements
    • 140 9 T rbb pr J\" > y Ms tracks *^p&SE£SEB m w* m J F1 Bt». k ijpa 9H, *tH BF 4UKUI MM#' Wn lUlir* fl| X MP^ 7 9W|KSHk H9> i_iTr €9P^ bl \AKij 1 <fOO K >9 ■VBf wte If you've a passion for all things different, you'll fall
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  • THE WORLD
    • WORLD WATCH
      • 126 10 TOKYO Japanese investment will plunge in the manufacturing sector in the upcoming fiscal year, bringing down the overall figure for the first time since 1986, the economic daily Nihon Keizai said here yesterday. According to a poll of 1,209 large firms taken by the daily,
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      • 104 10 WASHINGTON The average American worker puts in about 140 more hours on the job every year than he did two decades ago, according to a study that also found paid days off have dwindled. It all adds up to a major reduction of leisure
        104 words
      • 86 10 COLOMBO The Sri Lankan government yesterday announced a five-year tax holiday for a wide range of local industries in a bid to boost production and generate employment. The Industries Ministry said in a statement that the concession would apply to pioneering or expanding industries and
        86 words
      • 87 10 FRANKFURT The Bundesbank said German inflationary pressures had barely eased despite a weakening of economic growth and it warned again about excessive pay deals. In its latest monthly report, the Bundesbank said a fall in the annual rate of inflation to 4.0 per cent in January
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      • 66 10 HONGKONG Authorities in the southern Chinese metropolis of Guangzhou have designated an island occupied by foreigners after the Opium Wars as a protected historical site, it was reported here yesterday. TTie new decree on Shamian Island, at the tributaries of the Pearl River in Guangdong province,
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    • 496 10  -  From S N Vasuki in_KARACHI THE Pakistan government has launched a worldwide advertising blitz to attract direct foreign investment. Informed sources told Business Times the government planned to spend US$3-5 million (554.9-8.18 million) this year advertising on Cable News Network, sponsoring supplements in
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    • 405 10 Reuter WASHINGTON The bleak US economy showed some bright spots last week that some analysts believe will take pressure off the Federal Reserve to trim interest rates again. While no one is proclaiming that the economy is finally starting to really roll,
      Reuter  -  405 words
    • 471 10 Reuter FRANKFURT German industry, its competitive edge eroded by high costs, fell behind the United States as the world's largest exporter in 1991, according to a study published on Sunday. The report coincided with a fresh warning from German industry that jobs in
      Reuter  -  471 words
    • 624 10 Reuter LONDON Russia, beset with every kind of economic problem now, seems bound one day to make good on past boasts of catching up with the West, many economists believe. The only difference is that if it does so, it will not
      Reuter  -  624 words
    • 292 10 AFP ALGIERS Algerian Prime Minister Sid Ahmed Ghozali hopes to attract USSB billion (S$ 13 billion) in foreign investment under an economic recovery plan he was presenting to head of state Mohamed Boudiaf on Sunday. The recovery plan will hinge on opening the
      AFP  -  292 words
    • 61 10 MANCHESTER, New Hampshire The five US Democratic presidential candidates (from left): Senator Tom Harkin, Governor Bill Clinton, Senator Bob Kerrey, former Senator Paul Tsongas and former Governor Jerry Brown facing Cable News Network moderator Bernard Shaw as they began the final Democratic candidates debate before the
      61 words
    • 480 10 New economic programme a shift from usual shock therapy AP WARSAW Poland's new centre-right government has decided on an economic programme that backs away from the "shock therapy" of the past two years in favour of pumping up battered state
      AP  -  480 words
  • Page 10 Advertisements

  • FOCUS
    • 858 11  -  Guthrie's proposed takeover of L&M After a 2'/2-year courtship, Guthrie is finally launching a takeover bid for L&M. BT reporters Elaine Koh and Carolyn Lim study the strategies of L&M and Guthrie, respectively, while Alvin Tay takes another look at the proposed deal. Elaine
      858 words
    • 807 11 ITS history in Singapore dates back to 1821, just two years after Sir Stamford Raffles set foot on the island. Today, the Singaporelisted company that was once part of the UK-based trading group Guthrie Corporation stands on its own feet. And once the
      807 words
    • 945 11 Guthrie gts has finally decided to take the initiative after a 2'/2-year courtship of L&M Group Investments. It has asked for L&M's hand in "marriage". The diversified engineering and construction group, controlled by Indonesian brothers Putra and Made Oka Masagung, began courting L&M in August
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  • Page 11 Advertisements
    • 81 11 H KOREA MERCHANT BANKING CORPORATION I U5530,000,000 Negotiable U.S. Dollar Floating Rate Certificates of Deposit due 15th May 1994 is s In accordance with the provisions of the Certificates, notice is hereby given that for the three month interest period from 18th Feb. 1992 to 18th May 1992 the Certificates
      81 words

  • 488 12 EDITORIAL THE Insurance Commissioner's new set of investment guidelines for life insurers will provide the necessary safeguards for a stronger insurance industry, and ultimately underline Singapore's distinction as a sound and developed financial centre. Uppermost in the regulators' minds has to be the danger for the industry
    488 words
  • WHAT THE OTHERS SAY
    • 279 12 IN all the anguish over the issue of donations for school places, one eminently practical idea has emerged that the Ministry of Education should build up one good school in every Group Representation Constituency. Even now, there are, as discerning parents know, quite a few good government
      279 words
    • 106 12 THE Indonesians, Bruneians, East Malaysians and Malays of the northern part of the Malaysian Peninsula are well-adept in sebutan baku or standard pronunciation. What is left is the Riau area bounded by Johor, Singapore and the Riau Isles. So the time has come for this standardisation to be
      106 words
    • 115 12 IT is unfair to blame just workers for accidents at construction site. Building contractors should also share the responsibility. The Ministry of Labour should also review existing regulations to see if they are adequate in ensuring safety. A more effective way to raise the safety level at
      115 words
  • REGIONAL VIEWPOINTS
    • 218 12 BITTER experiences in the past have somewhat forced Malaysia to take a hard look at all incentives given to the private sector to ensure that they are not interpreted as subsidies by importing countries. For, if they are construed as such, it is the exporter who stands
      218 words
    • 164 12 Nb-ONE wants to put a price tag on the job of eliding pain and suffering, let alone the saving of lifes. But in the *****, when more and more Hongkong people are buying medical insurance or accept- ing it as one of the perks of
      164 words
    • 146 12 THE events of the past week in Algeria should have been highly disturbing to anyone hoping that democracy was finally taking firm root all over the world. A state of emergency has been declared but violence continues in Algiers as the military-in-stalled government attempts to dissolve the
      146 words
  • 1426 12  -  Just because communism is all but dead does not mean that Western liberal democracy is the reigning champion. Francis Fukuyama says there is still a potential competitor Francis Fukuyama The writer is the author of The End of History and the Last Man. He was deputy director
    Los Angeles Times  -  1,426 words
  • Page 12 Advertisements
    • 124 12 'IlK^ l J yra |L jBP Scalpel...scissors.„sutures._ Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on your money. Essential information accessible every business day through Business Times. In the same way
      124 words
  • Page 12 Miscellaneous
    • 94 12 DOONESBURY BY GARRY TRUDEAU WELL, TEP, GIVEN MY LACKOF I INTO THIS FIRST PRIMARY, EXPOSURE, 8* OUOUU? B5 A H SETTING THE BAR A H 1 QUEERING MY SPIN > MHATARE YOUREXPSC- TREMENDOUS SHOWINGFORME. X UTTL3HI6H, TEP... K z< 7 J TAT IONS? UIHAT DO YOU 'J =a S ?>
      94 words

  • ANALYSIS
    • 869 13  -  A study by the Federal Reserve Bank of Atlanta has debunked the common perception that bank mergers lead to big savings. Michael Quint reports Michael Quint NYT ALTHOUGH bankers and investors expect great savings from recently announced bank mergers, two new studies confirm
      NYT  -  869 words
    • 1191 13  -  The entry of Singapore's Asia Pacific Breweries Ltd into Vietnam pits the company against four breweries and dozens of smuggled brands. Harish Menta assesses the prospects for the Singapore brewer Harish Mehta BEER is a subject that usually does not cheer up Hanoi's policymakers.
      CHART BY JENNIFER CHUA  -  1,191 words
    • 750 13  -  The Swiss tradition of direct democracy could block the;! country's plans to join the European Community, wntes Mitya New Mitya New Reuter CENTURIES ago, Swiss villagers they were Helvetians then gathered in a local square and divided up the Alpine grazing pastures by show of
      Reuter  -  750 words
  • Page 13 Advertisements
    • 82 13 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms and the people
      82 words

  • Page 14 Advertisements
    • 624 14 M Nothing Beats A Bud. [ft&va OF Toss to happiness, prosperity and health. With Yu Sheng, or raw fish salad, prepared in exquisitely classic style. Partake of this age-old Chinese New Year tradition at Tien Court, where the ambience fittingly rekindles the mood of festivity and celebration. Small Yu Sheng
      624 words
    • 181 14 WHERE TO WINE, DINE... [p HEADSTART ONLUCK What better way to start off the Lunar New tear than with the HSLy traditional feasting of Yu Sheng. O For just $28 and $12++ for each additional helping, the XI Imperial Yu Sheng will leave you Hi} with a lucky start to
      181 words
    • 366 14 Local Tea Time delights at Chatterbox e TJT' eVCT y Friday, Saturday and Sunday. 3 pm to SJO pm. $14.50+ per perm $8.50+ per child (below 10 yn) Meaime Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pm to 6 pm. $14.00+ per person $10.00+ per child (below
      366 words
  • Page 14 Miscellaneous
    • 643 14 TELEVISION AND RADIO 1\ !W 1 i ,1 1 H Tlw Htteimihw Toxic 5.55 Today hi History. ,i| U|i|f|H|r r i/l 01*1*10/1 TrlO tY\ /A K shock. Dick is caught 6.00 News. BUSWESSQNR#9?& ■>~ L ivuurieu 10 inc niOD SSSr illegally. In the struggle, the 700 CNN 7.10*1, 9.25 am,
      643 words

  • LIFESTYLE
    • 656 15  -  John Follain on film and opera director Franco Zeffirelli, who has something to say about everything John Follain Reuter Franco zefiireiii is proud of his new reputation as Italy's biggest loudmouth. Zeffirelli's targets are many and varied. The film and opera director has recently launched a vitriolic
      Reuter  -  656 words
    • 697 15  - Status toothpaste to save your smile and the planet Glenn Collins on the multi-purpose, yuppie-lifestyle accessory that just about everyone can afford Glenn Collins NYT AND NOW, at a specialty store near you, regard the leadingedge indicator of consumer chic in America, the brilliant new vehicle for environmental correctness, health
      NYT  -  697 words
    • 633 15 Poet-broadcaster George Mann MacBeth dies of pneumonia SCOTTISH-BORN poet and broadcaster George Mann Macßeth has died from pneumonia at his home in Ireland, his family said on Sunday. Macßeth, 60, wrote poems devoted to love and war. His collections included The Colour of Blood, Shrapnel and A War Quartet. He
      633 words
  • Page 15 Advertisements
    • 160 15 AND ENTERTAIN >•" "v. Monday Western Delights Tuesday Chinese Savouries Wednesday Malay Temptations Thursday Indian Favourites Lunch in a Flash Different types of carvery and salad buffet lunch every day. 12 noon to 2.30 pm. $19.50++ per person. A ANA HOTEL SINGAPORE 16 Nmct H*. Sngapor* ICSS Ttfaptwn* (65) 732
      160 words
    • 148 15 I M Traditional Jj Cantonese CUISINE Ho i BEST HONG KONG i c Dian Xin In Town j I \yv. China China Restausant 1 Marina Bay Golf* Country Club A 2 Marina Green Singapore tnoi. For Reservations Please CallzhmiiJ WMa Ml NTON Where else would you make i an executive
      148 words

  • SPORTS
    • SIDE LINES
      • 98 16 BRUSSELS Germany's Boris Becker beat world tennis number one Jim Courier of the United States in a five-set, five-hour cliffhanger to win the US$BOO,OOO ATP tournament here on Sunday. Becker, the three times Wimbledon champion, made an astonishing rally after Courier held three
        98 words
      • 32 16 MEMPHIS, Tennessee MaliVai Washington won his first career title in convincing fashion with a 6-3 6-2 trouncing of Wayne Ferreira on Sunday at the US$7BO,OOO Federal Express International tennis tournament.
        32 words
      • 55 16 NEWPORT, Wales World snooker number one Stephen Hendry collected his fifth title of the season as he destroyed the giant killing hopes of Darren Morgan in the Welsh Open final here on Sunday. Hendry showed with a runaway 9-3 victory that he has now emerged from a
        55 words
      • 49 16 SYDNEY Australia's Kieren Perkins chalked up his third world record in six months with an astonishing, record-break-ing performance in Sunday's 800-metre freestyle final at the New South Wales swimming meet. His new mafk of 7min 46.605 ec clipped 1.25 seconds off his previous world record of 7:47:85.
        49 words
    • 613 16 Winter Olympics AP ALBERTVILLE, France Out of hospitals, out of the shadows, speedskaters and Alpine skiers have joined the Viking victory parade in Norway's best Winter Olympics showing in decades. Norway's tally of six gold medals and 12 medals in all by Sunday was
      AP  -  613 words
    • 507 16 NYT CHICAGO A legend already, but far from an anachronism, Martina Navratilova, who says the real reason she's playing tennis at the not-so-tender age of 35 is "because I still can and not be embarrassed," proved herself on Sunday to be the most prolific champion in
      NYT  -  507 words
  • Page 16 Advertisements
    • 136 16 f V Daikin's hot Mchnology keeps you cool. I You know the name Daikin as the ultimate in airconditioning. graphics. Which makes us one of the top 400 corporations in the True, our VRV system for Intelligent Buildings is a breakthrough And world While in Singapore Daikin products are at
      136 words

  • Page 17 Advertisements
    • 473 17 jl {ftutor of Vuaiurra Aftmintatralimi J At*** to fy '/■<■ ft J^gßg Wk CUwSuxtLyt tilßfl ta»itb nil EisbU |Jnßii/dlr» and Ujrtmnto npprrtmmng H Lwf «iyi>/<6 la* Jmiy L*n *L*4>J »t 4ttfaf*fl lbi»rt#rt» iv itt #t«t* ct tstijjtm:m «a ty JTrftrratfc #f IftHl IQM %uu at Ifer 9rv fir ilfmnl Km#
      473 words

  • INNOVATION & TECHNOLOGY
    • 686 18  -  KT Technology's strategy in venturing into Romania is consistent with its long-term plan. Kenneth James reports Kenneth James W "W? TT HERE business calls, busiW Wf ness goes. y Even to eastern Europe, where economic horror stories have not stopped a few intrepid Singapore computer
      686 words
    • 583 18  -  With nanotechnology or atomic engineering, technology has entered the realm of science fiction. Robert Crawford reports Robert Crawford ONCE US researchers spelled "IBM" with individual supercooled xenon atoms, some boisterous competition began across the Pacific. In 1991, less than one year later, Hitachi researchers carved
      583 words
    • Article, Illustration
      72 18 A TINY HEART lies deep inside IBM's most advanced hard-disk-drive recording head, manufactured at the company's Almaden Research Centre in San Jose. A recording head reads and records information found on disks. This tiny heart, as wide as a human hair, has helped IBM scientists read and write more
      72 words
    • 509 18 NYT LOVERS everywhere would have put romantic bouquets in vases last Friday. But in a few days many of the flowers will wilt and wither, and the last reminder of Valentine's Day will be tossed in the trash. If scientists succccd, though, sweethearts may
      NYT  -  509 words
    • 183 18 SINGAPORE A major disk drive conference to be held here next month has drawn much interest since Business Times reported about it two weeks ago. It has been a staple event in the US for the last seven years prior to the opening of Comdex in Las Vegas
      183 words
  • Page 18 Advertisements
    • 91 18 MODERN Llanhe Zaobao (March 2,1992) TbeStraitsTimeB (April 6,1992) Nov/s your chance to advertise in a special feature that will enhance your products or services.. .and to reach out to your target audience effectively. Our feature on MODERN OFFICE is geared to attract a large number of readers with its extensive
      91 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4109 19  -  By Claire Leow BLUE-CHIP selling took the Straits Times Industrials Index below the psychological 1,500 support level yesterday. The benchmark index closed 9.10 points lower at 1,494.81 and total turnover thinned to 32.06 million shares, valued at $85.81 million, sharply lower than Friday's
      4,109 words
    • Article, Illustration
      61 19  -  By Chew Eng Han Comment STOCHASTICS are pointing up but the rally may soon encounter stiff resistance. The share closed near strong resistance at $3.23 yesterday. If this breaks, expect a further rise to $3.35-3.38. Suggest taking profits on rallies, as a correction could be nearing. Support is
      SOURCE: PONT DATA  -  61 words


  • 3273 21 Oriental Hldgs 620 20 3.3% Magnum Corp 50» 318 +18 +6.0% M Banking 470 +12 2.6% MAS 460 +12 +2.7% Malayawata 270 +9 +3.4% Guinness 50« 348 +6 +1.8% XTL Corpn 50« 160 +6 +3.9% Landmarks Bhd 86 5Vj +6.8% Bohoo 147 +5 +3.5% Qentings
    3,273 words
  • Page 21 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 5098 22 Declining issues lead advancers by 129 to 87 Bernama QUALITY stocks attracted some buying support but the overall market ended on a slightly easier note yesterday. The KLSE Composite Index at the close added 2.03 points to 597.78. The Industrial Index was
      Bernama  -  5,098 words

  • BT SHARE INFORMATION SERVICE
    • 241 23 C~»My Date Ymr 6rw» PM NK nniapOm, < l > P* <W<h< < (CMtt) Corebos Feb 13 S«p 91 845.623i(*38,9U) 14 8(128) 236TE(30TE) Rl Mponj Feb 13 SI* 91 *****,03(162.895) 15.3(14.8) 15(15) Feb 10 Am 91 M855,298(59,064) 309(33) 20(20) AMPKita j», 24 Sep 91 865.969(855.737) 52 1(44) 28N(26M)
      241 words
    • 144 23 CaapMy Date Ymr 6tm» prt-tex Net Mnrtags 6ms «m te prafll/lMs (L) par star* #dM ('•M) (cants) UMW FrtH Dec 91 M$208,335($198,544) 52.4(50.3) 15(15) land 1 General Feb 13 Dec 91 W86,678($63,197) 22.9(12.9) 15(5) G Securities Feb 12 Oec 91 $2,070($3,029) 3.1(2) 10(10) PuttcBank Jin 27 Dec 91
      144 words
    • 295 23 Fifures m brackets are for the previous corresponding period L: Loss, Tt Tax Exerted. It Net NYfc Not Yet Available, (a): Adjusted for scrip issues, (k): In milbon Dutch Florins, (c): Profit after tlx, (rf): In nafon HKJ, (e): Company's profit (0: mrilioo yen. Profit after tax i
      295 words
    • 530 23 Feb IS Amcol Hokfeifs Ltd's 50%-owned Indonesian associate, PT Amcol Graha Electronic Industries, has teamed up with the Bimantara Citra group, one of Indonesia's leading business conglomerate, to market and operate Indonesia's first cellular phone system. Singapore Technologies Hokfinfs s subsidiary, Asia Pacific Logistic Services Pte Ltd, has
      530 words
    • 398 23 Carta* Ex Ms Date Mkr Mhr payMMt data daaa payaMa tfea yaar last yw «MPT 4.2%(e) Fab 7 Feb 21 Fab 28 7.7% 5.75% team Find US10((b) Mar 10 Mar 20 Mar 30 US10C US10C Maa 2* 12.5%TE Mar 3 Mar 13 May 15 17 5%TE 12.5%TI NT
      398 words
    • 170 23 Company Rights \%%m Me Pk lad Four tor-sewn g M» 50 per Aire. Ei-date. ten 3 Books dose ten 17 Acceptance t Payment Iter 5 Ma M Twotor-or* a $1.00 per share Ex-date tent Books dose ten 20 Acceptance t Payment Feb 28 teCt dtp One-tor-ton Mil 10
      170 words
    • 474 23 Company Rights Ium Wf Tadi One-tor-ont 3 >100 par *air Ma ten of J90 9 78m man! amount oI 3.5* flBdiiwibli Unaand Guarantoad Bomb 1991/96 arih 45 4<9m datactt* warrants on ttw bass of <2 want amount of Bonds tor nam ttvae oustnj stares haU Cvary 6 nonanal
      474 words
    • 29 23 Comnka Sparial Trig SoriplM Coanersfaa tadfat Period Tndh| (TOP) (ST) Jacks Let Jan 29 Feb 20 Jan 29 Feb 20 Feb 21 SPH NYA Times Pa* NYA
      29 words
    • 70 23 Nnrat Brothers Ltt 77th AGM at 65 Chub Street #3300, OCBC Centre, Sinppore 0104, on Wednesday, Mar 4 at IOJOem Pubic Baft Bhd: 26th AGM EGM at The Balroom, Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur, on Wednesday, Mar 11, at 11am Careboe Padfc Ltd: 10th AGM
      70 words
  • 590 23 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    590 words

  • STOCK EXCHANGE OF THAILAND
    • 2233 24 Reuter SHARES closed higher yesterday, propelled by heavy demand for two major property issues and Bangkok Bank, brokers said. The SET index rose 10.72 points to 816.50 on a turnover of 11.72 billion baht. "We are starting to see some slow rise
      Reuter; SOURCE: PONT DATA  -  2,233 words
  • 1155 24 Yesterday's market report for Jakarta was not available. On the scoreboard (based on stocks listed in BT), 14 counters rose, 44 fell and 30 were traded unchanged. RISES (Rp) Price Chute CP Prima 5500 400 United Traktor ***** 400 CP. Indonesia 4100 350 Bank Bali 7400 250
    1,155 words
  • Page 24 Advertisements
    • 7 24 Enterprise Management in Business Times every Monday
      7 words
    • 728 24 BUSINESS TIMES Toll «r— TW No 737 0Q43 Fax No: 734 3696 IN THE MATTER OF THi COMPAME9 ACT, CAP. 10 AND AUN MANQ MVCVTMENTt FTI LTD fn voluntary letidatfon) AtanßaaordhSfyOenerdMeeHgof Heebotenemed oompery dJy oon%ened and held on 14 Feb 1002 m totoMng spade reeoMone war* peeeed RESOLVED IhE Aui
      728 words

  • TOKYO STOCK EXCHANGE
    • 2670 25 Reuter STOCKS recouped early declines to close sharply higher yesterday, reversing a fourday losing streak. Brokers said intervention by the Bank of Japan (BOJ) and US monetary authorities to bolster the yen pulled prices out of the doldrums, but the underlying mood remained cautious. "The
      Reuter  -  2,670 words
  • STOCK EXCHANGE OF HONGKONG
    • 2569 25 AP SHARE prices on the Hongkong Stock Exchange tumbled in thin trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, fell 53.13 points, closing at 4,719.19. Turnover amounted to HKS 1.704 billion, down from Friday's HK52.331 billion. Following Friday's record high
      AP  -  2,569 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2294 26 Reuter THE LETHARGIC share market closed slightly down yesterday after the second quietest day this year. The market opened weakly with a lack of direction from overseas and struggled all day, trading four to five points down. A firmer banking sector was
      Reuter; SOURCE: PONT DATA  -  2,294 words
  • REGIONAL STOCK MARKETS
    • Taiwan shares plunge on panic selling
      • 523 26 STOCKS plunged on a late wave of panic selling that sent the index down 3.3 per cent by the close, brokers said. The weighted index slid 163.93 points to end at 4,859.48. Turnover was a moderate NT532.2 billion. "Sentiment is really very weak now... Investors have lost confidence," said
        523 words
      • 114 26 WORRIES of tight liquidity with lack of market-boosting news continued to push stocks down for the second con- secutive day yesterday, brokers said. "There's nothing new in the market right now. And the tight liquidity situation is not helping the market much either," Ko Kyung-bae at Hyundai Securities said.
        114 words
      • 503 26 SHARE prices slid below the 1,200 point level yesterday as investors stayed on the sidelines waiting for the market to snap out of a down cycle despite approval by the IMF of the government's stabilisation programme, brokers said. "The market has been on a down cycle. Even with the
        503 words
      • 213 26 Reuter SHARES ended their two-session losing streak with a modest gain yesterday, with brokers encouraged by the market's general tone even if some leaders were lacklustre. "The market actually felt quite firm," said Buttle Wilson operator Peter Halligan who noted increasing private client interest in second and third-line
        Reuter  -  213 words
      • 51 26 Ctaac Pmlw +1Fefc 17 NEW ZEALAND NZSE-40 Capital 1,477.35 1,468.47 +1.88 Turnover (NZSmillioo) unav unav MMau Composite Index 1,179.10 1,201.73 -22.65 Turnover (million) 1,010 138 +872 TAIPEI Weighted Price Index 4,859.4® 5,023.41 -163.93 Turnover (NTS billion) 32.2 26.9 +5.3 SEOUL Composite Stock Index 640.14 647.71 -7.57 Turnover (billion won) 222
        51 words
  • Page 26 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 657 27  -  By I Magdalene Ng Singapore The singa- pore dollar is not likely to J rise further against the green- back this year and could even weaken if the US unit manages to strengthen against 'other major currencies, Hongkong-based Political 'Economic Risk Consultancy
      Source: Perc  -  657 words
    • 317 27 Reuter TAIPEI Pressure for appreciation of the Taiwan dollar against the US dollar will continue in coming months but should ease later this year, Taipei foreign exchange dealers say. The local currency will ead 1992 at about NT524.80 to the US dollar, compared
      Reuter  -  317 words
    • 376 27 Crttt rates Feb 17 r- USS SS MS Dm Yen SFr AS NZS USS 1.6370 2.6080 1.6220 128.20 0.5634 1.4620 1.3245 1.8467 IKS 0.6109 1.5932 0.9908 78.3140 0.3442 0.8931 0.8091 1.1281 t* M$ 0.3834 0.63 0.6219 49.1564 0.2160 0.5606 0.5079 0.7081 Dm 0.6165 1.0092 1.6079 79.04 0.3473
      376 words
    • 537 27 Interbank rates SS Bid Offer Overnight 3 3 1/8 1-month 3 3/16 3 5/16 2-month 3 3/16 3 3/16 3-month 3 3/16 3 5/16 Overnight mode: 3-1/16 tS$ Bid Offer 7 days 4 1/8 4 1/4 1 month 4 1/16 4 3/16 2 months 4 1/16 4 3/16
      537 words
    • 751 27 REPORTS Reuter THE US DOLLAR plunged to end sharply lower in Tokyo after three rounds of dollar-selling intervention by the Bank of Japan (BOJ) in hectic Asian afternoon trade yesterday. The BOJ and the Federal Reserve started selling dollars when the
      Reuter  -  751 words
    • 1080 27 SIMEX Open High Low Sett Est Vol Op/Int Vol Mir 92 95.83 95.85 95.83 95.83 1600 ***** 5724 Jun 92 95.59 95.63 95.59 95.61 4500 ***** ***** Sep 92 95.22 95.25 95.21 95.22 3000 ***** 9777 Dec 92 94.51 94.55 94.51 94.54 2500 6713 6815 Mar 93 94.19
      1,080 words
  • Page 27 Advertisements

  • COMMODITIES
    • 394 28 Reuter GENEVA The politics of oil has left Opec with a muddled agreement unlikely to raise prices to the elusive target of US$2l (SS34) a barrel or smooth relations among diverging factions, oil analysts said. After a gruelling four-day meeting, the
      Reuter  -  394 words
    • 315 28 Reuter LONDON Twelve months to the day since Woodhouse, Drake and Carey, one of Britain's oldest commodity houses, went into liquidation, depressed world commodity markets show little sign of returning to health. Banks have tightened controls on lending to commodity firms,
      Reuter  -  315 words
    • 827 28 REPORTS THE price of tin closed two sen lower at M$ 14.36 per kg on the Kuala Lumpur Tin Market on higher offerings yesterday. Dealers attributed the downtrend to the firmer ringgit, which discouraged foreign buyers from coming in more strongly. They
      827 words
  • 1374 28 Rubber Feb 17 ■Mthfclifcdw) S cents/kg Noon Oox Int 1 RSS Prompt l28.5Cyi29.50N 128.2VI29.25N Int 1 RSS Mar 92 129.OCVI29.SO 128.75/129.25 Int 1 RSS Apr 130.25/130.75 I30.0CV130.50 Int 2 RSS OP I2S.5CVI29.50N 128.25/129.25N Int 3 RSS OP I28.00/I29.00N I27.7V128.75N Int 4 RSS OP 126.00/127.00N I25.7V126.75N Int 5 RSS OP
    1,374 words
  • Page 28 Advertisements
    • 723 28 BUSINESS TIMES Toll If— m No 737 0043 -F«x No: 734 3698 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF ADD-UP LAND DEVELOPMENT PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company, duly
      723 words
    • 591 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF crrrrßONics pte ltd (Incorporated In the Republic of Singapore) At an Extraordinary General Meeting of Members of CITITRONICS PTE LTD duly convened and held at No. 1 Colombo Court #05-25, Singapore 0617 on the 13th day
      591 words
    • 7 28 Advertising Marketing in Business Times every Thursday
      7 words

  • THE TRAVEL PAGE
    • 964 29 C*y ETA n*t ETD Aha DkaU QA893 SQ228 KL837 QA893 SQ23 NZ35 GA52S BJ421 SQ181 BI429 8t95 1500 1910 1340 1500 1815 1530 1450 1105 1410 2030 2240 GA974 GA886 QF82 SQ24 GA974 KL838 SQ288 NZ36 SQ182 BI422 BI430 2245 2245 2115 0115 2245 2325 2045
      964 words
    • 540 29  -  POSTCARD FROM BUCHAREST By Radu Timofte Romania's newiyrich social elite may soon be donning top hats and tails for a day at the races as Bucharest revives its jockey club and race track after four decades of communist suppression. The Romanian Jockey Club (RJC), brutally
      540 words
    • 151 29 As at 3pm yesterday: Local dollars to ooe unit of foreign currency Currencies Bid Offer Australian dollar 1.2300 1.2468 Canadian dollar 1.3638 1.3913 NZ dollar 0.8763 0.9117 Sterling pound 2.8911 ***** US dollar 1.6320 1.6390 Local dollar* to 100 units of foreign currency Austrian schilling 14.18
      151 words
    • 67 29 Duration Title Venue Otpnatf Tel Duration Title Venue Oipiiw Td Mar 12-22 International Turin, Italy Torino *****569 Mar 28 International Ban, Italy Fieri Dd <39tt<V446M2 1992 Home Exhibition Esposizioni Apr 5 Fair for Leisure, Levante WV*****2 S-P-A 1992 Sports A Tourism Mar 25 Pension Piccadilly. Le Meridien
      67 words
  • Page 29 Advertisements
    • 38 29 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. We knew Europe from atari to Pinniah
      38 words
    • 24 29 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 749-2577
      24 words
    • 51 29 What do ese common? ®P wtiftk v K't nu> It 1)1<K FJLr And they've together for Michael Jackson's latest music video > VjjjmL v^ggjjfi l or a sneak preview -> 1 of Remember Hie Time, to Hie New Paper NEW, NEWS, NEWSY hi,.. ,"1 FROM LUNCH-TIME lit WT MONDAY TO
      51 words
  • Page 29 Miscellaneous
    • 234 29 ACROSS M —H —H —Bp IHIHF IF H 7 Yet civilians lived such a |7 j j 8 It has many keys but nor- H| mally only one lock (5) 10 Visibly in tears (8) 1 1 1 I I I I I I I I I I I 11
      234 words
    • 160 29 Singapore Outlook: Showers over many areas in late afternoon and early evening. Report Maximum temperature 31.3 Assoc humidity 67% Minimum temperature 22.4 Assoc humidity 99% Hours of sunshine 3.55 Rainfall in mm. 3.4 Rainfall this month 19.2 Rainy days this month 3 World report Asia-Pacific Hi/Lo* Cond. Auckland 26/18 Showers
      160 words
    • 12 29 ~r a Piece, or tvc actcm.... GP,NGWP>V! -v f**" 0614 A MMCHttDNEMHNMITO,IHMM
      12 words

  • 430 30 Guangdong seen becoming Asia's fifth 'dragon' Reuter HONGKONG China's paramount leader, Deng Xiaoping, has said his country's commitment to economic reform must last for a century, a Beijing-funded Hongkong newspaper reported yesterday. He also promised the southern province of Guangdong that it
    Reuter  -  430 words
  • 215 30 Reuter BEIJING China will try this year to smash the "iron rice bowls" and "iron armchairs" of socialist privilege and make its inefficient and wasteful state enterprises respond more to the market, according to the state media. Major newspapers said yesterday that China
    Reuter  -  215 words
  • 154 30 Reuter TAIPEI Taiwan's central bank will lend local companies US$lO billion (S$ 16.33 billion) of its huge foreign currency reserves to help them invest overseas and complete major industrial projects on the island. The money will go to both state-owned and private enterprises
    Reuter  -  154 words
  • 581 30 UPI TOKYO The governing Liberal Democratic Party yesterday offered to sacrifice two top members to a probe launched by opposition lawmakers into a bribery scandal. The move was accepted by most of the opposition, paving the way for the
    UPI  -  581 words
  • 229 30 Reuter DALLAS Chief negotiators for Canada, Mexico and the United States began their first direct talks in Dallas yesterday in a bid to give life to a proposed North America Free Trade Agreement (Nafta). Delegation sources said plans to remove
    Reuter  -  229 words
  • 766 30  -  The Bottom Line SAUL TRIPATHI SAUL TRIPATHI The writer is a BT journalist THERE they go again, five Democrats and two Republicans, trying to convince hardy, predominantly white (98 per cent, in fact) rural Yankees why they must elect them to the White
    766 words
  • 399 30 AFP MOSCOW US Secretary of State James Baker held talks with Russian President Boris Yeltsin at the Kremlin yesterday, amid reports that an initiative was in the offing aimed at stemming a Russian nuclear brain drain. A German diplomat at a European Community
    AFP  -  399 words
  • 145 30 Reuter MOSCOW Russia said yesterday it had signed up US investment bank Goldman Sachs as financial adviser to help attract foreign capital to kick-start the moribund economy. "We want to create a new image of Russia for foreign investors," Deputy Finance Minister Leonid Grigoryev
    Reuter  -  145 words
  • 408 30 AFP NICOSIA Middle East peace talks so far appear to be unaffected by the surge in bloodshed over the weekend in Israel and Lebanon. Three senior officials from the Palestine Liberation Organisation (PLO) arrived yesterday in Damascus and were to meet Syrian authorities to
    AFP  -  408 words
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  • SHIPPING TIMES
    • 405 31  -  By Juliette Walker SINGAPORE Norwegian carrier Ivaran Lines more than tripled its transhipment trade to 5,200 20-foot containers last year between South-east Asia and South America. "The transhipment business is increasing beyond our expectations," Ivaran chairman Erik Holter-Sorensen said on Monday on
      405 words
    • 250 31 Reuter LONDON The tanker market remained depressed with all eyes fixed on the Opec talks in Geneva, brokers said on Friday. "No doubt the result will be a reduction in quotas which of course is not particularly good news for the tanker market but
      Reuter  -  250 words
    • 324 31  -  By Rahita Elias SINGAPORE Singaporebased salvor Smit Tak Towage Salvage has clinched a contract to rescue and tow to Singapore the crippled tanker which exploded off Singapore waters on Sunday. Abel Dutilh, Smit Tak's managing director, told BT, that
      324 words
    • 357 31 BANGKOK Thailand's National Peace-keeping Council (NPKC) has ordered checks on parties which could gain from a plan to separate Laem Chabang Commercial Port from the Port Authority of Thailand (PAT). The Bangkok Post reported that the request for the NPKC check
      357 words
    • 187 31 Reuter TIRANA Poverty-stricken Albania was forced to suspended all passenger rail transport because it has been deemed completely unsafe. "The situation is terrible and there was danger of serious accidents if we kept the service running," said railway administration director Astrit Salillari on Friday.
      Reuter  -  187 words
    • LOG BOOK
      • 128 32 RIO DE JANEIRO, Brazil A passenger ferry sank in the Amazon River after colliding with a fishing boat on Saturday, domestic news reports said. At least 10 passengers on the ferry were reported killed. The accident occurred near the remote jungle town of
        128 words
      • 78 32 LONDON Russia's Transport Minister, Mr Vitaly Yefimov, on Friday described a planned strike by air traffic controllers as "intolerable", and said the problem should be solved in another way. Speaking on Russian television, monitored in London by the BBC, Mr Yefimov said the government was seeking
        78 words
      • 81 32 NICOSIA Strike-bound Cyprus Airways has made arrangements with other airlines to carry thousands of passengers, mostly holidaymakers, hit by the dispute. "The airline has made alternative arrangements for all Cyprus Airways passengers," an airline spokesman said on Sunday. Ground engineers walked out on Thursday when two of
        81 words
      • 83 32 KARACHI, Pakistan Uzbekistan and Pakistan signed an accord for each to start a once-a-week air service between the two countries from March. Pakistan's Civil Aviation Authority chief Air Vice- Marshal Mohammad Yunis said Pakistan International Airlines would operate a return flight on the Islamabad-Tashkent route while
        83 words
      • 71 32 REYKJAVIK An American Airlines Boeing 767 passenger plane made an emergency landing in Iceland after losing power in its right engine, airport authorities said. The plane, flight number AA 55, was on its way from Manchester to Chicago with 175 people on board when it was
        71 words
      • 80 32 LONDON A US tug is due to arrive on Friday to help salvage the Maltese bulker Alexander's Ability grounded outside Freeport harbour, the Bahamas, Lloyd's Shipping Intelligence Service said. Contractors have not yet completed the removal of bunkers from the 24,213-dwt vessel, which is stuck
        80 words
      • 60 32 LONDON Inspection of the Turkish-flag vessel Naz K showed that the ship did not sustain any damage after running ground on Monday afternoon in the Bosphorus, Lloyd's Shipping Intelligence said. The 5,639-dwt vessel had been refloated on Tuesday. The owners declared general average on Feb 12, and
        60 words
    • 838 32 CHARTER activity in the dry cargo freight market on Friday failed to pick up from depressed levels and rates were again easier, brokers said. The Baltic Freight Index dropped eight points to stand at 1,315. There was talk US$22 had been paid on the US Gulfitfapan grain route
      838 words
    • 1416 32  -  Most shippers are unhappy over an increase in surcharge imposed by the Transpacific Westbound Rate Agreement conference. Richard Knee reports Richard Knee American Shipper Exporters of high-rated perishables and low-rat-, cd commodities such as waste paper arc furious over a new round of surcharge adjustments, most of them
      American Shipper; Source: Bunker prices  -  1,416 words
    • 866 32 Pa* Col ABC Containerline 12 1 Accord Group 8 1-3 APL 3-5 A PC Line 5 Arrow Inter 4 ASCL 9 ANL 1/2 Bait Canada Line 4/5 Bait Orient Line 4/5 Batamindo 10 Bangladesh Shpg 5 The Bank Line 5 Ben Line Cont 17 4/5 Bengal Tiger
      866 words
    • 6041 40 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
      6,041 words
    • 3329 45 A HC Containerline NV: Belsin Shpg Agencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adluis Business Corporation Philippine Calsource Shpg A Trdg Pte Ltd (S) Ahrenkiel Uner Service: Kim Shpg A Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte
      3,329 words
    • 257 45 Abacus Couriers Td: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844. Fax: *****16, *****80. Airswtft Worldwide Conner Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Liak International Tel: 344-3377. Fax: *****50. Cluster Link Supplies A Services
      257 words
    • 1551 45 A hex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7812: Fax: *****20. AeroUak Freight International Td: 545-803TFax: *****05. Tdi°s42-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax: *****74, *****50. Air Market Expreaa
      1,551 words
    • 2656 46 ARGENTINA Labour working normally this week. Buenos Aires: Port busy with most general cargo berths occupied: no delays except for vessels needing a particular berth (gantry crane, deep draft etc). San Lorenzo; Port busy with 6 vessels operating of which 4 loading pelletized meals, I loading grain. I
      2,656 words
    • 1296 46 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Tanu 126,579 dwt and built 1977 Mitsubishi, best offers invited. Bulkportofino: 72,858 dwt and built Feb 1974 Yugoslavia, official ideas at USSB million but as brokers trying less. Trying 2 years time-charter back. Mariann: 64,064 dwt and built Mar 1977 Hitachi,
      1,296 words
    • 556 46 ARRIVALS DEPARTURES Op Flight Type ETA T From Op night Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 I NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 I SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL6I7 B747F 0345 I TYO KAL
      556 words
    • 676 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dep Nunc of Vessel ETA LTD Ports of CaUs Port Ageat FEB 18 18 Cora Princess 1000 1800 Sin-Jakarta Sembawang Johnson 19 19 Royal Pacific 1000 1800 Sin-Jakarta Ocean Trade Chartering 20 21 Mikhail Sholokhov 1200 1700 World Cruise S'pore Soviet Shipping 20 20
      676 words
    • SHIPS IN PORT
      • 448 47 —o^wrtm Vessel ¥oy Wo Berth Hmvil Depart™ Marina Terminal 1 Anting 40 po; 1&02/1500 1902/1800 AungSuYu 01A/92 M04 akxvside 1702/1500 *****• P04 1802/0900 1802/1200 Batam Ma«u *****2 M04 alongside 18 02/0500 Bonastaf 2 ***** W 1802/0730 1902/0630 Batam Murni *****2 M04 akxvside 1802/2300 i Eastefn a OK/92
        448 words
      • 233 47 lonotg roft Bwfc 1: Kris Madura; 2: nil; 3: Iron MM; 4; Enter Preneur; 5; nil; 6: Bunga Setawar. 01 Jetty Stott Aquamarine, Ira 101, Santi. DC* ml. foe on FA 17: Hansdoot. Fraternity L. Johan Pearl, Singapore Bridge, Uni Moral, Barge Josmdo Satu, Barge Kuala Siak
        233 words
      • 889 47 RECEIVING OF EXPORT FCt CONTAINERS AND LCL CARGO Koccrd Booking/Balance Rrits Wp Voy No Etb/Btr Piriod From To From ACX 72A 19/1500 3 18/0700 18/1159 18/1400 4 18/1200 18/1459 18/1700 Mi fnumpto ***** 19/0900 1 17/1500 17/1659 17/1900 2 17/1700 18/0659 18/0900 3 18/0700 18/1159 18/1400 4 18/1200
        889 words
    • 419 48 UPI HOUSTON Foreigners who get off airplanes illegally here and ask for asylum are likely to find themselves imprisoned at hotels near Houston Intercontinental Airport, the Houston Chronicle reported on Sunday. Their jailers are private security guards hired by the airlines. The US immigration and
      UPI  -  419 words
    • 306 48 UPI MOSCOW The cash-strapped Russian airline Aeroflot has implemented a two-tier system of fares one for Russians and one for foreigners but Russian officials on Thursday shrugged off separate fares as no big deal. The US Embassy, however, has lodged a formal protest. Other
      UPI  -  306 words
    • 188 48 AFP BRUSSELS The Japanese car-maker Honda is planning a 40 per cent increase in its car-han-dling capacity at the Belgium port of Ghent to allow for higher sales in Europe, Honda said here on Friday. Honda officials said the company was negotiating with
      AFP  -  188 words
    • 228 48 Reuter LONDON Delta Airlines will seek US government support to block British Airways and KLM Royal Dutch Airlines from entering the US market, a senior Delta executive said. The two European airlines are reportedly discussing cooperative pact that could give them access
      Reuter  -  228 words
    • 218 48 Reuter MEXICO CITY A large oil spill in the Gulf of Mexico poses no immediate threat to a nature reserve that serves as a flamingo breeding ground, a spokesman for the Mexican Navy said on Sunday. He said the spill,
      Reuter  -  218 words
  • Page 31 Advertisements
    • 348 31 AQQI imP Nedteyd Lines Every 3,000 Years Or Soy IP An Innovative Approach lo Containerization Changes History yOU 3TG largest and most innovative companies, we have made it our task to recognize new market I nI n O changes and exploit them Uldl 11 111 Ilpdl for you Hence, Nedlloyd
      348 words
    • 240 31 Nodßoyd FAR EAST TO EUROPE/ MEDITERRANEAN CALL: 221 8989 SUMMARY TWRA surcharge squabbles arise EXPORTERS of high-rated perishables and low-rated commodities such as waste paper are furious over a new round of surcharge adjustments, most of them upward, in the westbound Trans-Pacific. But the managing director of the carrier's conference
      240 words

  • Page 32 Advertisements
    • 54 32 NOTICE NOTICE M.V APPLAUSE VOY.I AKRO SINGAPORE 11/2/92 CMMifWM of aUdMDftfed cargo* nd» MfiuMil «Md I* tarty ■oMa* tm a fcwnl aarway wll be bald oa tba I9tb Mm; 1993 (Weda«a4ay) Faair Paaiaii Wlunw m rf9 0900-1)00 bom. No farther nnty will k Agmtn "K" Um, Kiakjd (A S*i iltw
      54 words
    • 75 32 A MONTHLY MAGAZINE OF BUSINESS TRENDS What's In store for the stock market In 1992 How "green" is our Island? Where are property prices headed? 9 Time for time-share resorts In Asia Ujj^ Staying on top In the convention business Aerospace extravaganza in Changl Hotelier makes history come alive Hassle-free
      75 words
    • 8 32 tor advertising enquiries, contact Shipping Timet, lei 740-20H9/740-2090.
      8 words

  • Page 33 Advertisements
    • 2585 33 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES *****11 FAX: *****09 \UMmW BOOKINGS TEL: *****234 *****58 TERMINAL/CFS TEL: *****218 220 PBftftMTl PESAKA JARDINE SHIPPING AGENCIES BDN. BHD. L VWQf J PORT KELANG TEL: *****18 FAX: *****91 *****88 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Z=Z= Dedicated to Quality Service ipoh
      2,585 words
    • 1686 33 TRANSPORT DIARY Feb 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
      1,686 words
    • 1476 33 mamssassm NEXT SAILING TO MIDDLE EAST TREIN MAERSK VOY. 9205 ETA SIN 20/2/92 veeaet Voy ETA ETD Feeder by DESTINATIONS Johanna to Thla week Marie Maerafc 9204 111 l IW n jm.l lJl.lTnWTggffWW— CY 18/2 0800 MRS Port CFS 17/2 2359 HftS Kelang Penang OAK LQB HOU MEM ATL MIA
      1,476 words

  • Page 34 Advertisements
    • 1346 34 R'DAM/ VOY NO S PORE JEDOAH S'HAMTON H'BURQ ANT IE HARVE KAMAKURA 21/107 20/2 29/2 14/3 10/3 0/3 SBB KITANO 12/307 23/2 11/3 13/3 16/3 17/3 WJBfflP'S; HAMBURG EXPRESS 07/108 27/2 7/3 21/3 17/3 16/3 lAmmUI TOKIO EXPRESS 04/306 1/3 18/3 20/3 23/3 24/3 i Ml KATSURAQI 10/109 5/3 14/3
      1,346 words
    • 727 34 6EASPAC SERVICE DUtCI SOUTH HCriC g»«CE SIN NOU SUV PPT IMPERIAL 3202 EB 23-28/2 12/03 16/03 20/03 PALEMBANQ 3301 EB 25-27/3 7/4 10/4 14/4 Transit Tlrrw (13) < 18) (22) ALSO ACCEPTING CARGO VIA SUVA TO: lAUTOKA, PAGO PAGO. APIA. NUKUALOFA, P. VIA FASTEST SERVICE TO CM.E/PHWJ SIN Ct-X KX)
      727 words
    • 1468 34 f REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SM ALG BCL HAM ME ROT ANT FD. DM (VIA (VIA AL6) MM) ion r«NA tr! is?! 2i/m if/2» if/« 21/03 23/03 24/03 »/03 26/03 27/03 Mrtutiwi MMTA7AM QMi M/Sf S'ffi 20/03 30/03 31 #3 01/04 02/04 03/ M MHSAtM
      1,468 words

  • Page 35 Advertisements
    • 1844 35 U STRAITS SHIPPING PTE LTD mtL 15 Hoe Chiang Road #09-01 Sanford Building Singapore 0208 Tel: *****88 Fa*: *****17 ACCEPTS DUE SALS B'KOK i.'Vi"""* <«■«.. i*«« i.'T >hi. M KSSr™"*" I!™ AAJAX BROOKE (fos€ Mujri Lab KN i|.i« F«b 20 Fib 21 Feb ¥.172(1 22-23 FIB 2S-2C FES STIAITS STAR
      1,844 words
    • 1104 35 SINGAPORE AGENT: PX»|| /\||f n inA|*C P4 Containers (Singapore Agencies) Pte Ltd 9 is Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 W iP rrt 225 22 33 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 v CR Number: **********0Z EXPORT IMPORT SlSbrKv S5 ss, sss. sj, su,
      1,104 words
    • 106 35 SOW? TO Mai bb>w ran klmc. mat t sau Murw VOK nm GUDANG FMM. DCSTMATION GOMU M5/02E 22/2 22/2 KUCtWC/FONTIMM fiMA V.020X 20/2 20/2 9BU/SMKQ SWK K*T KEIANG FMM. DCSTVMTKM •fiMA ■M 3 20/2 21/2 PORT KEIANG GMA > VJ3E 23/2 9BU/KUCMNC aa *.co 3 20/2 21/2 kuchmg GM V
      106 words

  • Page 36 Advertisements
    • 457 36 CR NBR **********0-0 EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOY SPORE ROAM,ADAM H'BURG BREMEN ANTWERP MATARAM 31WB 24/2 30/3 5/4 8/4 12/4 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subject to Inducement. Alao accepting cargo to Caaablanca, Port Said, Port Alexandria, Qenoa, Trtoete. ALSO ACCEPTING BOTH CONTMNERS, CONVENTIONAL CARGO VIA
      457 words
    • 1366 36 OHANJIN shipping] FOR »Sl HR UNI HAUL IB OAK FT* HI SM lUK HAUL SAV U NYC i'.l VL'\ 25/3 ?«/2 N NWMOtt 021E J/« 5/4 n J\ i /4 2/3 H. ICWrORK 039E J/« 10/4 12/4 S SSSI V /4 HAR» KWAR6TAR6 0W 9/3 H. YOKOHAMA 038E 11/4 17/4
      1,366 words
    • 1286 36 AmM AU d TrJ ■T^T?Tl^ 11 cmmitu ?S» 2?, 2?f 5/» T, 71,0 1U cw wc im) m n nr m no cm ra. m I I J IF! l l'l *2 'K .l'\ ,K! V' .1(1 1/3 >/« 3/4 >*/* 15/4 lt/4 17/4 11/4 21/4 1/5 12/5 13/5 I
      1,286 words

  • Page 37 Advertisements
    • 1890 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (Cfl NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****44/*****14 FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 MM UK/EUROPE SERVICE *****89 IMPORT -CFS MB2 *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 *****53/*****50 NEPLINE SDN BHD MALAYSIA K.1.-<O3)
      1,890 words
    • 916 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQWRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03 *****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES [wTBOUW-OCCHMgjG WCSTBOUND-LO/CTK TMWHPPED«MTTaPAM W B |m WW l»
      916 words

  • Page 38 Advertisements
    • 1508 38 9 M AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) I V 14 T TEL' *****77 TELEX: KAWAKIRS23I6S FAX-*****07/Q^d I I v 1 P V MALAYSIA: 'K' UNE MARTTIME (MALAYSIA) SON BHD rTTT lk TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 MMR KAWASAKI KISEN KAISHA, LTD
      1,508 words
    • 692 38 PHILI OMCNT LIN€S PTC LTD r 108 Robinson Road 107-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 QfjO BY AIR, LAND OR SEA.... 4/^ JBgL WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION —I itfitiititrffiirrmiiiiiiiiflTi riimrrrrr tin fifTfm 21 FEB SYDNEY,
      692 words
    • 327 38 GOLDEN LINE A GUAM GUAM SHPPMG (PTE) LTD a tmjrm im mmnm tm m m_ U«^(IIU^FeOUW gmMiMMmg Sport P. Mam MUBI KM CalNka/taacti/tMai 24/27 Nk fioioei n« CMa/undi/Mk VI am emaumnem m China rod H/22 Fab MOM qi Iff Shantov a/a Fak a HI J/4 Har A «JQ Nuan|p«/Sitanfha< 24/
      327 words

  • Page 39 Advertisements
    • 1075 39 agsSgPfl PACIFIC INTERNATIONAL LINES (PTE) LTD V Vlf 140 Cecil Street. #03-00 PIL Building, Singapore 0106. T«l: *****33 CR NO: **********0E VCSSCL VOV tiN j*T auj VCSSCL VOV BIN BKK OiN KOTA HAKYAT mi wi ,1/1 im <M »AMUT SMM7 It/1 M/l 1/1 EQUATOR MAS mm 10/1 ai£ 2/5 KOTA
      1,075 words
    • 1178 39 EacßenV F CLASS CONTAINER TRANSPORT FEEDER VESSEL PENANG P KELANG OCEAN VSL/VOY SIN SOU (t) RTM (2) HAM (3) I OPT (4) ANSON/TBN 14/2 15/2 JUTLANPA 2062 18/2 6/3 8/3 9/3 11/3 ANSON/TBN 21/2 22/2 SELANQIA 2072 25/2 13/3 15/3 16/3 18/3 ANSON /TBN 28/2 28/2 BENALDER 2062 3/3 20/3
      1,178 words
    • 449 39 M MYANMA W* FIVE STAR UNE 1 (Myanmar NttiOßSl Um) Loading for Yanfoa (RanftMM) Sport P.IUf Pan FW« WWII VMM a/a F* *ramnu n«M vsm* /2 m* AVA VII4M 4/ 7 Mar •MUM VI74M 10/13 M* \g>THE lUUIK UHE (A tfttoßal Audi W*k RNppNn) MHONTAMI mvt^ \l HCAVY LIFT CAPABILITY
      449 words

  • Page 40 Advertisements
    • 558 40 BB STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS 111 BOUND VESSELS KISSEI m V N IK u cosmc nacu u m pt 11/2 MUA MM 1 11/2 CKWC TIAMI 23 21/2 2S/2 SUi IUCTt IS 21/2 24/2 MAKE MM 22 27/2 25/2 OUTBOUND VESSELS LOAPHIC FPU NAG/TOH/StN COSMIC
      558 words
    • 74 40 S'pore P Kelang Loading for I ■NORMAN MMWO 19/2 22/2 Rdm/Atw/UK/Nantes S pore Loading for I SKY Sid Muscat/Dubai/Dammam/Kuwait I RISER 29/2 Oubai/Bahrain/Dammam/Kuwait I HpUMA 10/3 Aden/Hodeidah/Jeddah I HuSE 15/3 Hodeidah/Jeddah/Aqaba/Port Said I S pore Loading for HbETANAVIS Los Angeles/New Orleans/ I Charleston/Norfolk/Camden Hp AN MARINER Los Angeles/New Orleans/ I
      74 words
    • 101 40 WEEKLY Ml CONSOLIDATIONAm JSmm BOMBAY MADRAS CALCUTTA f COLOMBO KARACHI CHITTAGONG I EL~*****88 FAX:*****83 Ibocsl EUROPE/ S.E.A. BREAKBULK SERVICE KUKIANG CAREER UMUKN 10-14/1 ANTWERP 22/1 10 PORT KELANG 20/2. SMGAPORE 22/2 KAOHSRMG 29/2 JM BREm 7-10/2 ANTWRP 1115/2 TO PORT KELANG. SMGAPORE. HONGKONG, KAOHSUK, OSAKA. CHBA IBM ANTHEAP 20-21/2 TO
      101 words

  • Page 41 Advertisements
    • 1216 41 ■f NEDLLOYD GIVES YOU MEDITERRANEAN EXPRESS «H»«SEL PM POI OCEAN VESSEL SM LEH(3) RTM(I) HMI(Z) R* FU SOU GOT VESSEL Jkt P*g fw Tto SM STuyi Auckland F#(A) TMm Lytt*en(B) Dm*(B) NapMr Wafcgtan(C) Taurangi B. Seroia/829 -W. Bhum/557 15/2 13/2 Leda Maersk/9204 19/2 ANR 8/3 10/3 12/3 11/3 12/3 13/3
      1,216 words

  • Page 42 Advertisements
    • 771 42 TO AUSTRALIA/NEW ZEALAND pi [s£ |Fra« |lWk |ly4 |«Mk |NK |P. CNALM mabtna iat iTi «7T" is/s 19/1 n/i "I m7l ellen mm »T T573 m/s *75 2/4 i/i 19/4 —win. m 11/4 i 7/» 21/4 n/i 175~ aTs c. krouc zn~w* ITS «7s i 9/» 11/s 1575 TO USA/CANADA
      771 words
    • 794 42 ETOin TO HONGKONG, TAIWAN, MANIA I JAPAN "TUB NEEftT" MALACCA STRAITS SERVICE OUTHIMO WY Ptl PEN MT ISMI MM NKC UOKarYOrOK»IZMOUB|| VOSa VOV lAN |ML KN M.N «N »g ROUT M -177 **H. 2 18i 2U ti.2 2U u u u u *cx act ~nT uT Tu nj iu~ MI
      794 words
    • 195 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD n* no ru mk pwt kqjme nmm OUIJM* In Port Lotto* for Mati MNN HUM l«/ 2 loadw* tor Calcutta W* 20 n 23/2 Loa*«| for Mak wm im 25/2 loading For Mai* DOMMMJO 10/3 Loaded For Fctaaru mxKSi nan 27/2 21/2
      195 words
    • 1701 42 CHINA OCtAN SHIPPING COMPANY PULL CONTAINER LINER SERVICE J mum's MOTS: $MGAPORE*S GENERAL AGENTS N»E»'S MOTI CHUNG CHMO SHPPM6 SON BHD COST U SHPPING PTE LTD P-T. GLOBAL PUTRA I -mSKMr &-jrjgm mm GUAN GUAM SHPPMG SON BHD CR NOV IE7S7S9OOOOM 2£ FELi ,„m PJQjMG TEL: *****C/7, 3C***** AOO 2MSTMROM
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  • Page 43 Advertisements
    • 597 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA. SPORE 0207 HOT LINE *****33 24 LINES LIMASSOL/PIREAUS 23/2 ROTTERDAM 23/2 HAIFA/ ASHDOO/ALEXANDRIA 23/2 HAMBURG/BREMEN 23/2 MARSEILE/FRANCE 23/2 FELIXSTOWE/UK 23/2 BARCELONA/SPAIN 23/2 LEHAVRE/ANTWERP 23/2 GENOA/ITALY 23/2 GOTHENBURG/SCANOINAVIA 23/2 LOS ANGELES/WC/PI 23/2 SYDNEY/MELBOURNE 20/2 HEW YORK/EC 23/2 FREMANTLE 25/2 VANCOUVER 23/2 BRISBANE/ADELAIDE
      597 words
    • 980 43 RICHFIELD MARINE A6ENCIES (S) PTE LTD TEL: *****33 (12 Urm) m PAX: *****15/*****03 00] TELEX: RS ***** RtSHIP (3 Urm) pP\ ETIIIOPtAN StHPPMG UMES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOADING FOR SPORE ABYOT 28WB 30/03 DARESSALAAM MOMBASA DJIBOUTI ASSAB MAS SAW A ABBAY
      980 words
    • 765 43 JAKARTA BANGKOK WTI MM 21S 19/02 22/02 MUM BHUM# 9<M WM 19/02 Sit 22/02 MU BHUM 131S a/02 25/02 MWJJWM## MM Ft! 21/02 Mw 24/02 BEHJ* BHUM Z2S 27/02 n 02 W*T> BHUM 71 Um 23/02 WM 2«/>2 MU BHUM 132S 20/02 1/03 SM BHUM* 494R Mi 24/02 T>— 27/02
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  • Page 44 Advertisements
    • 1667 44 fPg M AC-NELS S'PORE IMPORT: *****11 I PENANG: (04) *****6 SIBU: (064) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 Due to expansion and linking with our Warehouse Transhipment Departments together, our Inward Department will move to: Block 1,
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    • 1019 44 I THONG SOON LINES PTE. LTD. 77 ROBINSON ROAO #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: 2278)11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO ftSSEL M ET* BCST IBM. HI ~Vm |P. ni KIM SOON LI 46/92E 19 FEB PENANG EQUATOR JEWEL 57N 21
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  • Page 47 Advertisements
    • 8 47 Saturday in Business J •-S v .r/ J
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    • 231 47 STAGER FRBQHT SERVICES PTE LTD /s^ W TEL 273-3838 FAX* 274-1100 PK: 03-*****60 »PEM 04-*****2 •JKT: 21-*****1 •88Y. 31-*****0 SIN LH/PAR FFURT/MANNHEIM IfIUN/MADRIO PORTO ATHENS/PtR STUTTGART VALENCIA LISBON THESSALONNCI *3/2 13/3 17/3 17/3 18/3 19/3 >/ 3 19/3 23/3 23/3 24/3 25/3 TTIt Hi iilfni f SIN VCR MTL/TOR SIN
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  • Page 47 Miscellaneous
    • 290 47 TIDES AND WEATHER TODAY'S TIDES (hefht in metres) HOI* 0000 0100 0200 0900 0400 0560 0(00 0700 0100 0900 **********00 *****400 ISM 1600 *****100 1900 2000 2100 2201 2301 JR 26 2.4 20 1.5 LI 09 10 12 1.6 2.4 31 3.3 13 2.9 23 1.5 09 05 0.3 03
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  • Page 48 Advertisements
    • 1134 48 CHARTPOINT Every Saturday in Business Times I MERCHANT MARINE CO. LTD. EASTBOUNP FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST Fgpp 101 m pa> Ml lit haul wiuo iw m a u» haul wt mo tch/sk rn NANHAI2M *040 15/02 lf/K 14/02 H. anOBO 4<£ 21/02 M/ 03 12/03 13/13 GOUKH
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    • 646 48 CHARTPOINT Every Saturday in Business Times YOUR INDIAN SPECIALIST SN JKT PKL PEN BKK MNL JOH BSB tfil *****11 *****66 *****98 *****8 *****29 *****76 *****1 *****3 tax *****59 *****14 *****88 *****8 *****17 *****79 *****5 *****6 our usa SERVICE CALLS [tatotan [55 fm IktoM 1% mI uu low |NM IMI lot/
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