The Business Times, 16 January 1992

Total Pages: 50
1 50 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER EOR S-E ASIA MITA (P) 35/12/91 Thursday, January 16, 1992 75*
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  • NEWS SUMMARY
    • 71 1 WASHINGTON Palestinian negotiators here have presented the Israelis with a blueprint for self-rule in the occupied territories, calling for an interim government and the withdrawal of Israeli troops, the Washington Post reported yesterday. Presented as the third round of bilateral talks between
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    • 37 1 MOSCOW Ukraine has set up a new bank to pay the republic's share of the foreign debt of the former Soviet Union and handle foreign economic relations. Moscow Radio said yesterday.
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    • 37 1 SHOPKEEPERS who lease Housing and Development Board premises will soon be able to buy their own shops, allowing them the certainty and confidence necessary to make long-term plans for their businesses Page 4
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    • 25 1 MALAYSIA has outlined new guidelines to help small and medium-scale industries in the manufacturing, construction, services and agriculture sectors Page 10
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    • 20 1 HONGKONG residential property prices, after soaring last year, are expected to climb moderately this year. Page 10
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    • 22 1 US PRESIDENT George Bush's plan to stimulate the American economy will focus on long-term growth, says his spokesman Page II
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    • 38 1 PRICES at Britain's factory gates rose only marginally last month and raw material and fuel prices fell, an encouraging sign of a continued slowdown in the rate of increase in prices, according to economists Page II
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    • 29 1 TIGER Balm, which boasts a century-old formulation, will be rejuvenated this year with a $10 million advertising campaign covering parts of Asia and the West Page 15
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    • 26 1 THE International Maritime Organisation is adopting a more proactive approach to promote maritime safety and prevent pollution of the seas. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 35 1 BLUE CHIP prices on Wall Street moved up early yesterday with the Dow Jones index of leading industrials climbing 4.69 points (0.14 per cent) to 3,250.89 in the first five minutes of trading.
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    • 40 1 LONDON share prices were higher at midday yesterday, boosted by a strong dollar and a record-breaking session on Wall Street. At about 1215 GMT, the FTSE 100-Share Index was up 39.5 points, or 1.6 per cent, at 2,555.8.
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    • 28 1 SINGAPORE Aerospace and Sembawang Aviation have teamed up with US-based Rohr Inc to make engine housing systems for business jet planes in Singapore. Page 6
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    • 26 1 THE newly-appointed executive chairman of Nat Steel Engineering plans to steer the publicly-listed company into relatively uncharted territories in the region Page 6
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    • 16 1 PERTAMA Holdings' public share issue, which closed yesterday, was 30.4 times oversubscribed Page 6
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    • 23 1 THREE new applications have been made by banks from Thailand, Taiwan and Australia to set up branches in Vietnam Page 8
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    • Article, Illustration
      28 1 Wednesday Change BT-MGA 739.13 +10.93 Kuala Lumpur ....552.28 +5.65 Tokyo closed Hongkong 4,382.66 +15.05 Sydney 1,676.8 +23.1 Tuesday Change New York 3,246.20 +60.60 London 2.516.3 +26.2
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    • 24 1 Exchange rates USS SS 1.6405 100 Yen SS 1.2943 MS SS 0.6049 Money market rates Overnight 3 1/2 -t-1/4 3-month 2 13/16% -1/16
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    • 37 1 London Gold AM fix U*****.60 +USS2.2O Rubber S'pore Feb.... 130.25'/kg 1.00 M'sia Feb 2l5.00»/kg +0.50 KL Tin Turnover 57 tonnes +11 Spot MS 14.51/ kg -0.01 Crude palm oil Turnover 2,355 lots +1,673 Feb Ms9l3/tonne -1
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  • 753 1  -  But recent sharp gains against US dollar worrying businessmen By Lilian Ang, Alvin Tay SINGAPORE The Singapore dollar rose further against almost every major currency last year, making it the strongest currency in the world over a two-year time frame. But its
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  • 349 1 AP KUALA LUMPUR Malaysia's International Trade and Industry Minister, Datuk Seri Rafidah Aziz, has said the US and Europe could play a role in a Malaysianproposed East Asian economic group, newspapers reported yesterday. And in Jakarta, Indonesian Trade Minister Arifin Siregar said
    AP  -  349 words
  • 503 1  -  By Chuang Peck Ming SINGAPORE Asean economies are expected to lose some of their shine in the next two years. Economic growth for Singapore, Malaysia, Indonesia and Thailand is projected to fall to between 6.5 and 7.5 per cent in 1992, lower
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  • 245 1 SINGAPORE After two days of relative inactivity, the Singapore bourse surged ahead yesterday with the Straits Times Industrials Index climbing 20.71 points to end at the 1,509.30 level. The rally, which brokers said was liquidity-driven, was boosted by a strong Wall Street
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  • 203 1 SINGAPORE Bearish sentiment against the dollar is fast turning around. The US dollar soared in late Asian trading yesterday, continuing its strong overnight run-up in New York. From an opening of 1.5900 mark in Asia yesterday, the dollar surged to an intraday high
    Source: Pont Data  -  203 words
  • Page 1 Advertisements
    • 264 1 CP Cassette Receiver C Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone 235 1333 KmU Lumper Phone 757 0233 Pmanf: Phone 615 985/619 014 Jakarta Phone 374 085/380 1472 Ad Marketing 15 Money Changer Rates 31 World Stock Markets 28 Aircraft Schedule 31 Honey Market 29 Commodities 30
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    • 12 1 Asean summit: Exclusive interviews with Singapore and Thai prime ministers, Pg 2
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    • 168 1 I 368 I Yesterday in Parliament, Pg 3: BG Lee: Investing in the more able is right policy Call to give S'poreans free shares in Telecom Too much material emphasis, Feedback Unit told The man who turned Garuda around, Pg 12 f, I H i JSOtjßgk yji y^B i Tli
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  • FOURTH ASEAN SUMMIT
    • 505 2 ONE IS a new prime minister. So is the other. But this is not the only thing that Prime Minister Goh Chok Tong and his Thai counterpart, Anand Panyaraehun, have in common. In two separate exclusive interviews, the two
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    • 502 2  -  By Yang Razali Kassim BT: What main political and security issues do you expect the summit will tackle? PM Goh: The Fourth Asean Summit is taking place at a time when the world is undergoing dramatic and profound changes. The summit will review these
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    • 822 2  -  From Michelle Rowe in BANGKOK BT: What do you think will be the major economic issues coming up on the Asean Summit agenda? PM Anand: We have all heard rather often that in the past two decades since Asean came into existence there has been rather insignificant
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  • Page 2 Advertisements
    • 78 2 A BOU) DEVELOPMENT M BSSfllM»imtmli tT^BwTJ*^^^ BBM'll lIU M BTw*<wwiii II II PRF^nHBK^WWBS^^MHtKg^«Bii^BBBSI^BSi^I WLMERS is, i Easy access via ECP and AYE 5-minute walk f M,f from Tanjong Pagar MRT Column-free office J&. space Computerised building management system Conference facility High speed lifts <* Ample carpark lots OFFICES FOR LEASE.
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    • 9 2 Tomorrow: interview with Singapore Foreign Minister Wong Kan Seng
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  • PAGE 3 NEWS
    • 514 3  -  Yesterday in Parliament: Reports by Anna Teo and Sylvia Wong Anna Teo,Sylvia Wong DEPUTY Prime Minister Lee Hsien Loong made no apologies for the government's policy of investing in the more able yesterday, saying "the hardheaded approach is the more
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    • 140 3 SEVENTY-THREE per cent of telephone subscribers had smaller telephone bills last December, the first month under the time-based charging system, Brigadier-General (Res) Lee Hsien Loong revealed yesterday. "Nearly three-quarters, even better than Telecom predicted," said the Deputy Prime Minister of the figures audited
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    • 252 3 QUICK to complain and criticise, Singaporeans should as freely and fearlessly praise and give credit to the government where due, three PAP MPs urged yesterday. The social contract between the government and the people has, sadly, weakened, according to Cheng
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    • 302 3 GOING BY the track record of local and foreign shares of government-linked companies, Singaporeans are unlikely to gain as much as foreigners from the privatisation programme, according to Cheng San GRC MP Hcng Chiang Mcng. Declaring his interests as a businessman, Mr
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    • 107 3 OPERATORS of public retail outlets and public vehicles where smoking is banned will be responsible for ensuring that their premises are ciga-rette-free under a Bill tabled in Parliament yesterday. Environment Minister Ahmad Mattar introduced the Smoking (Prohibition in Certain Places) Bill. The Bill repeals and reenacts
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    • 317 3 OPPOSITION MP Ling How Doong was only making simplistic statements about the pricing of hospital beds in suggesting that the government charge only the running costs of hospital wards, said Health Minister Yeo Cheow Tong yesterday. The first MP to take to
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    • 241 3 PARTICIPANTS at a recent Feedback Unit dialogue on the President's Address voiced reservations about the excessive emphasis on bread-and-butter issues and material pursuits, said Chandra Das (Cheng San GRC). And there was no mention about how to make Singapore a more gracious society,
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  • Page 3 Advertisements
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 56 4 TENDERS for the MRT extension to Woodlands will be called later this year, with work to begin by late next year. Other extensions to Punggol, Jalan Kayu and Changi Airport would only be built if they were justified, the new MRTC chairman, Colonel Wesley D'Aranjo,
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      • 41 4 THE People's Association said yesterday that it had formed the Orkestra Melayu Singapura (Singapore Malay Orchestra) as part of its aim of promoting and developing music in Singapore. The orchestra's repertoire includes original compositions and traditional Malay pieces.
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      • 111 4 IN A table accompanying aBT article on Dec 31 last year, we reported that the Housing and Development Board's car park division recorded a deficit of $28.91 million in the financial year to March 31,1990. We were wrong. The division made a surplus of $28.91 million that
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    • 558 4  -  By Sangeeta Mulchand SHOPKEEPERS who lease Housing and Development Board premises will soon be able to buy their own shops, allowing them the certainty and confidence necessary to make long-term plans for their businesses. Meanwhile, the Economic Development Board and National Productivity
      558 words
    • 495 4  -  By Dawn Tan STANDARD Chartered Bank is believed to have had only a handful of offers for three lots of Marina Village real estate it repossessed from Moroccan-born businessman Elyamani Khamis. The parcels, which include the village's money-spinning Khameleon disco, the hawker centre
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    • 253 4 THE American computer software company Microsoft yesterday signed an agreement with Ngee Ann Polytechnic >vhich will allow staff exchanges, donation of software and granting of scholarships. The three-year agreement, signed with the polytechnic's Centre of Computer Studies, is the institute's first such algf
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  • Page 4 Advertisements
    • 141 4 Aim for a audience in ASIANLn^SJ AEROSRACE'92 ASIAN AEROSPACE is considered one of the worlds most important air shows. Three of our newspapers will be publishing a rm on rrr special feature in conjunction with this qreat The StmtsTiineS exhibition of airpc»ver. FEBRUARY 24,1992 Readers will get to read about
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    • 89 4 4§ 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. Yy Plus an occasional lode at successful small firms \v
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  • Page 5 Advertisements
    • 61 5 B J m W m B -^,^V bbi^HH Are you ready for the smooth silk taste of the world's most popular single malt whisky? Have you enough experience to appreciate the quality of a Glenfiddich? Do you have the means to indulge in this pleasurable pursuit of the connoisseurs? Go
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  • COMPANY NEWS 1
    • COMPANY BRIFFS
      • 37 6 TAIPEI Taiwan's Parliament has shelved plans by the state-owned China Steel Corp to enter into a joint venture to set up a NTS67.B billion (554.28 billion) integrated steel mill in Malaysia.
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      • 32 6 SEOUL Hyundai Motor Co, South Korea's largest car maker, shut down its plant indefinitely yesterday because of a month-long labour dispute that seriously crippled production, company officials said.
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      • 40 6 SINGAPORE Causeway Investment Ltd (CIL) announced yesterday that Gedong Properties Sdn Bhd has become a substantial shareholder after acquiring 6.58 million shares from Nasupa Sdn Bhd. The stake represents about 12.01 per cent of ClL's paid-up capital.
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      • 55 6 SINGAPORE Pegi Malaysia Bhd has slipped into the red for the interim period ended Sep 30, 1991, posting a group net loss of M 51.52 million (*****,00) against a previous profit of M$ 1.14 million. It managed a group pre-tax profit of M 576,000 on a
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      • 48 6 SINGAPORE Dollar Sweets Holdings Ltd, the recently acquired Australian subsidiary of Jack Chia-MPH Ltd, posted a profit of A 5252,000 (*****,440) for the interim period ended Dec 31, 1991. The 60 per cent subsidiary incurred a loss of A 5418,000 the previous corresponding period.
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      • 69 6 SINGAPORE Genting International Ltd has agreed to buy 6.41 million shares in Altrack Ltd for A 50.50 each. Genting also agreed to buy 3.23 million options to subscribe for Altrack shares at 31 cents per share. The acquisition will cost GIL A 54.85 million (555.9
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      • 68 6 IN THE BT article on Jan 9 about Malaysian golf clubs to come under KL Companies Act, we wrongly mentioned that Trans-Island Bus Services Ltd is a shareholder of Batam's Tanjung Country Club. Tibs has clarified that it is not. Tibs provided a bridging finance of $5
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    • 220 6 SINGAPORE Sistem Televisyen Malaysia Bhd (STMB), the operator of Malaysia's sole commercial television channel TV3, has posted an audited group net earnings of M 517.16 million (5510.4 million) for the year ended Aug 31, 1991. No comparative group figure was available as this
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    • 352 6  -  By Selva Kumar SINGAPORE A joint venture between Singapore Aerospace, Sembawang Aviation and US-based Rohr Inc will soon lead the way to the manufacture in Singapore of engine housing systems for business jet planes. The two local companies yesterday announced that they
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    • 108 6 AFP HONGKONG Wharf (Holdings) Ltd plans to look for an international hotel investment, after failing to acquire a majority stake in the Regent International Hotel chain, the company said yesterday. Edward Cheng, Wharfs corporate chief, said the firm failed to acquire a 65 per
      AFP  -  108 words
    • 464 6  -  By Dexter Lee SINGAPORE The locally based Jaya group, which is said to be seeking a listing on the Stock Exchange of Singapore, plans to spend $6.5 million developing a new shipyard in Batam to give impetus to its move
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    • 274 6  -  By Carolyn Lim IN A BULLISH market that saw active trading yesterday, Sembawang Shipyard shares lost ground on rumours that 10 million to 15 million Sembawang Shipyard shares would be placed out over the next few days. But both Sembawang and UK-based Warburg
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    • 238 6 SINGAPORE Nat Steel's engineering division, one of the public-listed group's more profitable businesses, is planning to go regional with Indonesia, Burma and Vietnam as the key target markets. Lai Park On, the newlyappointed executive chairman of Nat Steel Engineering (NSE), told BT that this will
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    • 191 6 SINGAPORE Pertama Holdings' public share issue, which closed yesterday, was oversubscribed 30.4 times despite the damp retail climate. The first issue of the year saw 16,299 applicants coughing out $113.3 million for 251,731,000 shares against the 8,027,000 shares available to the public. In all,
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    • 556 6  -  THE HOCK LOCK SIEW COLUMN By Catherine Ong MINORITY shareholders of Ming Pao Enterprises have found themselves between a rock and a hard place in the wake of a HKS4S4 million (Ss96 million) reverse takeover of the Chinese
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    • 523 7 Reuter BEIJING China's first public offer of 'B' shares for foreign investors will go on sale in Hongkong and Shanghai for three days, beginning on Jan 20, an official at the Shanghai Securities Exchange said yesterday. Shanghai Vacuum Electron Devices Co, a
      Reuter  -  523 words
    • 365 7 HONGKONG The colony's China Entertainment has succeeded in its privatisation offer for subsidiary Paul International, despite the fact that the unit's independent director advised minority's shareholders that the deal did not reflect "the fair value of Paul Y". The South China Morning Post said
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    • 347 7 BANGKOK Siam Steel has secured the backing of Thailand's Industry Ministry for its plans to set up steel and iron-related plants, The Nation reported earlier this week. Previous applications to the Board of Investments (Bol) for promotional privileges for the
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    • 453 7 Reuter SCHAUMBURG, Illinois Motorola Inc attributed its improved fourth-quarter results to strong performance by its semiconductor, paging and cellular subscriber businesses. Despite continuing sluggish economic conditions in the US and Europe, Asian markets continued to grow, Motorola president Gary Tooker said, adding
      Reuter  -  453 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 110 8 TAIPEI The Taiwan government on Tuesday offered to sell about 163 million public shares in the privately-run International Commercial Bank of China (ICBC), a senior ICBC official said. "It's part of government efforts to privatise public enterprises," she said. The sale is from Jan
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      • 91 8 BRUSSELS Banque Bruxelles Lambert SA, Belgium's second largest bank, will ask its shareholders for permission to buy up to 10 per cent of its own capital in case of "serious and imminent harm" to the company. A BBL spokesman said the measure, announced in Belgian newspapers
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      • 110 8 WASHINGTON The Federal Reserve Board has approved a rule which it said would give bank holding companies more flexibility in raising capital. The rule allows bank holding companies to count unlimited amounts of non-cu-mulative perpetual preferred stock as part of their Tier I capital. Banks'
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      • 91 8 LONDON US bank Morgan Stanley Group Inc is suing Canadian property firm Olympia York over a £100 million (***** million) sale and leaseback property deal at London's Canary Wharf, press reports said. The argument centres on the timing of the payment for Morgan's new office
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      • 63 8 NEW YORK Chase Manhattan Corp has submitted a bid to acquire insolvent Crossland Savings FBS, Chase chief financial officer Michael Esposito told analysts. "We have submitted a bid," he said. "It would be a pick-up of core deposits if we are successful." Last summer, regulators said they
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    • 569 8  -  Twelve have applied to set up branches From Harish Mehta in HANOI THREE new applications have been made by banks from Thailand, Taiwan and Australia to set up branches in Vietnam taking the number of foreign banks interested in entering the local scene
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    • 334 8 Future ownership still in doubt Reuter LONDON British stockbroking firm Hoare Govett sacked 60 of its 440 staff and reduced its research and mar-ket-making operations on Tuesday in a final phase of an 18-month restructuring. But the firm made no comment to
      Reuter  -  334 words
    • 273 8 New strategy due to poor US performance AFP MELBOURNE Australia's ANZ Banking Group Ltd said yesterday that it was restructuring activities in the United States to focus on operations in Asia, the Middle East and Africa. John Ries, ANZ chief
      AFP  -  273 words
    • 571 8 Reuter NEW YORK American Express Co, anxious to overcome weakness in its core business and restore its damaged credit rating, has sought to sell assets, including a stake in Lehman Brothers, its investment banking business. Wall Street sources say American Express,
      Reuter  -  571 words
    • 409 8 Move completes its takeover of former Soviet banks FT MOSCOW Russia has completed its takeover of the former Soviet banking institutions by taking Vnesheconombank, the foreign affairs bank responsible for paying the estimated US$B4 billion (*****.8 billion) Soviet foreign debt, under
      FT  -  409 words
    • 632 8 Reuter TOKYO Mergers between smaller Japanese financial institutions will increase this year, reflecting souring loans and financial deregulation, but marriages between major banks arc unlikely, government and bank officials said. A senior Ministry of Finance (MOF) official said he sees further
      Reuter  -  632 words
    • 296 8 Reuter LONDON A key reptrt on fundamental reforms' at Lloyd's of London has suggested that the loss-hit insurance market should open a new central fund to protect its members against personal financial ruin. The report, prepared by a special task force set
      Reuter  -  296 words
  • Page 8 Advertisements
    • 108 8 MUSIC FOR YOUR EARS Unity Audio-A new class of loudspeakers. Class A series loudspeakers I aligned I I 4 I Dynamic Driver Systems for more bass J I Phase Locked Woofer for high efficiency, J J f subharmonic performance and no resonance ll\ J Multidrive system to reproduce the open
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  • Page 9 Advertisements
    • 208 9 FPHH! I I I I I :S I SOLE AGENT SERVICE CENTRE: W'E'L'L'T'l'M'E SINGAPORE PTE LTD 435 Orchard Road #12-01 Wisma Atria, Singapore 0923. Tel: *****1 1. Authorised Dealers: All Watches Leather Re Ltd Tel: *****73 Asia Watch Centre Re Ltd Tel *****08 C K Tang Ltd Tel *****00 Chew
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  • THE REGION
    • 331 10 MBT KUALA LUMPUR Malaysia has drawn up a new policy and strategies to boost the development of small and medium-scale industries (SMls) in the manufacturing, construction, services and agriculture sectors. Under the new policy, development of SMIs will be undertaken by five
      MBT  -  331 words
    • 426 10 Reuter KUALA LUMPUR Malaysia's industrial boom has left an unwelcome byproduct a growing mountain of toxic waste that could become an environmental disaster, analysts say. Pressure is mounting on the government to accelerate plans to build a national treatment plant amid reports of
      Reuter  -  426 words
    • 234 10 Reuter WELLINGTON New Zealand Prime Minister Jim Bolger yesterday hailed inflation figures which show his country has the world's lowest inflation rate, but critics said it may only indicate how depressed the economy is. This is obviously tremendous news," said
      Reuter  -  234 words
    • 478 10 Reuter MELBOURNE Australian Prime Minister Paul Keating, in power for less than a month, yesterday appealed to business and union leaders for ideas to pull the country out of a year-long recession. Seventeen chief executives from top companies plus heads of small
      Reuter  -  478 words
    • 219 10 AFP HONGKONG Residential property prices in this British colony, after soaring last year, are expected to climb moderately this year, property sources here said yesterday. Residential flat prices increased 53.9 per cent while office values rose 16.8 per cent last year, according to
      AFP  -  219 words
  • Page 10 Advertisements
    • 157 10 SEVEN PEOPLE VANISH INTO NOTHING. JEta r T li Space, as you well know, is nothing. However, when you surround it with a new Mitsubishi Spacewagon, you can transport up to 7 people (plus luggage) in comfort that leaves nothing to be desired. Along with such refinements as a 1.8
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  • THE WORLD
    • 554 11 No 'quick fix' measures expected in State of the Union package Reuter WASHINGTON US President George Bush's plan to stimulate the American economy will focus on long-term growth, says his spokesman, suggesting it may contain little in the way of "quick fix"
      Reuter  -  554 words
    • 290 11 Reuter TOKYO Japan, under US pressure to boost economic growth, could be forced to take additional stimulative steps, including another discount rate cut in the first half of the fiscal year starting April, say economists. In spite of government denials, they said on Tuesday
      Reuter  -  290 words
    • 218 11 Reuter LONDON Prices at Britain's factory gates rose only marginally last month and raw material and fuel prices fell, an encouraging sign of a continued slowdown in the rate of increase in prices, say economists. "The figures are good news and show
      Reuter  -  218 words
    • 443 11 Reuter LONDON A year after Desert Storm, the scars of the Gulf War are beginning to fade in the world's tourism industry and people, not missiles, are flying again. Tour operators from Tokyo to New York say visitors are slowly returning
      Reuter  -  443 words
    • 363 11 FT WASHINGTON The US economy sagged at the end of last year, giving American retailers their worst year in at least two decades, sales figures indicated yesterday. Retail sales fell 0.4 per cent last month, before allowing for inflation, a bigger
      FT  -  363 words
    • WORLD WATCH
      • 106 11 PARIS OECD secretary-general Jean-Claude Pave, warning that jobless rates will rise this year, has given rich industrial countries a black mark for their attempts to tackle the root causes of unemployment. "Despite solid economic growth over a prolonged period, our labour market institutions. private
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      • 63 11 BANGKOK The Asean heads of state are likely to endorse a Thai-initiated proposal to promote 12 agricultural products in the international market, The Nation said on Monday. The 12 farm products are frozen chicken meat, frozen prawns, canned pineapple, palm oil, rubber, timber products, tapioca, coconut
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      • 66 11 LONDON A trebling of private investment is required in sub-Saharan Africa if the region is to achieve long-term economic recovery, says William Ryrie, executive vice-presi-dent of the International Finance Corporation. Speaking on Tuesday at a conference chaired by Babacar Ndiaye, president of the African Development Bank,
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      • 68 11 HONGKONG Hongkong's exports to the US and Canada rose sharply in November, reflecting a steady shift in export growth from Europe to North America, the South China Aforning Post reported. According to figures issued on Monday by the British colony's Census and Statistics Department,
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  • Page 11 Advertisements
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  • 452 12 EDITORIAL THE 12-DAY Asia blitz of US President George Bush had three objectives to assure Asian allies that America would continue to be around as a benign superpower protecting the sea-lanes of Asia despite its withdrawal from the Philippines; to open the market for American
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  • WHAT THE OTHERS SAY
    • 299 12 SHARES designated "foreign" on the Stock Exchange of Singapore came in for a drubbing on Monday, apparently in reaction to an SES letter to Business Times published last Saturday which reiterated its position: It does not like the foreign share limit, but accepts the reality that companies
      299 words
    • 95 12 AFGHANS are facing two tough questions to secure a peaceful solution to their 13-year-old crisis and to create a government that not only suits them but their neighbours as well. A UN peace team led by former West German Chancellor, Willy Brandt, is optimistic that a temporary
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    • 91 12 WHILE Eastern Europe and the former Soviet Union are abandoning their socialist economic models, Singaporeans are getting more fearful of the market economy. Under it, the cost of living has been rising steadily, and privatisation only fuels the worry that burdens will get even heavier. If this situation
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  • REGIONAL VIEWPOINTS
    • 149 12 WITH LESS THAN half a year having passed since the last major blackout occurred, we believe that consumers are within their right to ask whether such catastrophes cannot be prevented in the future. Such a question seems especially relevant as this country is now engaged in a continually
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    • 123 12 IT SEEMS only natural that bumiputras take note of the Prime Minister's statement that in order to progress, they must change their attitudes from short to long-term gains. The progress achieved in the New Economic Policy (NEP) should give the Malays more confidence while the non-bumiputras should be
      123 words
    • 171 12 THE ARREST of Fumio Abe, former secretary-gen-eral of the Miyazawa faction in the ruling Liberal Democratic Party (LDP), is so grave a matter as to rock the world of politics in this country, and the Prime Minister and other leading members of the LDP should take
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  • 746 12  -  The job of modernising the airline fell on Mohamed Soeparno in 1988. Maggie Ford talks to him in Jakarta. Maggie Ford JUST before Mohamed Soeparno took over as a chief executive of Garuda. Indonesia's national airline, in 1988. the company had a negative net
    Source: Garuda; Source: Ministry of Tourism  -  746 words
  • Page 12 Advertisements
    • 274 12 i Someone dose has been living Your son in Canada is studying for some years, overseas. You've given up ■ffjffllß Andyou yjg BRIfTTII want him The Straits Times close to home Weekly teils it bettei ■vgrnH -with news (Hemight from home. comeback after reading all the good news.) To your
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  • Page 12 Miscellaneous

  • ANALYSIS
    • 985 13  -  A flood of exports from the former Soviet Union is bad news for its competitors in the commodity market, reports Matthew L Wald Matthew L Wald NYT WHEN your chief competitor goes out of business, that is supposed to be good news for your bottom
      NYT  -  985 words
    • 1559 13  -  Despite many international and regional firms' keen interest in Ming Pao, media tycoon John Cha chooses to make his financial bed with Yu Pun-hoi. But who is Yu Pun-hoi? Catherine Ong finds out Catherine Ong CHINESE MEDIA tycoon and author
      Photo by Catherine Ong  -  1,559 words
  • Page 13 Advertisements
    • 147 13 The most successful hotel in a world famous and uniquely beautiful tourist area NORTH ISLAND, NEW ZEALAND location in the capital city of New Zealand's tourism industry, and centre of Maori H\ jf culture Jy 163 guest rooms and suites, 39 villas, two restaurants, cocktail bars V« Conference facilities, heated
      147 words

  • FOCUS
    • 563 14 Only when the general decline in output has been halted and the public sector budget deficit fallen could the Russian economy start to grow again, according to a group of Russian economists Reuter RUSSIA'S economy must shrink sharply before an ambitious
      Reuter  -  563 words
    • 325 14 Reuter RUSSIA plans to revolutionise its crcaking agriculture system soon and thousands of inefficient collcctivc farms may be dismantled. Russian Agriculture Minister Viktor Khlystun said that free market thinking was beginning to take hold and a class of entrepreneurial farmers would emerge soon as a
      Reuter  -  325 words
    • 498 14 NYT TO appreciate the magnitude of the task facing Russian economic reformers, consider Poland. The Poles began their version of economic shock therapy two years ago with a number of things working for them: private farms, an adequate harvest, a decade of initial experimentation within the communist
      NYT  -  498 words
  • Page 14 Advertisements
    • 230 14 Styßager A the pager that even works overseas. satellite earth station signals to j^T pages jjHMyHE£3jt^s» subscriber 4 -<wl\>dßPr from' >. ~*WM2ErZ w^l i 0 L overseas jk "9-J 4L A destination T fr /■<• *.tlB /Jo. 3uwßnber registers Tl with Sky Pager before departing receives his K message sends
      230 words

  • ADVERTISING & MARKETING
    • 643 15  -  The famous analgesic balm, perceived by some as a grandmother's cure-all, is being relaunched. Genevieve Cua reports Genevieve Cua IF YOU'VE dismissed Tiger Balm as an antiquated has-been, you may have to think again. The analgesie balm, whieh boasts a century-old formulation, will be rejuvenated this
      643 words
    • COPY LINES
      • 81 15 SINGAPORE Leo Burnett Singapore has won a Public Service Advertising Finalist award given by the United Nations Department of Public Information, it was announced at the 34th Annual International Film TV Festival of New York Awards Banquet, held in New York last week. The
        81 words
      • 57 15 SINGAPORE Bernard Chan, chairman of DNC Advertising. has been appointed second vice-president of the Association of Accredited Advertising Agents Singapore (4As). In his new capacity, Mr Chan will co-chair the 4As' ethics and better business committee. He also heads the advertising industry computerisation project, which
        57 words
      • 70 15 SINGAPORE Hongkong-based Watson's offers a price guarantee on 2,952 toiletry items sold in its chain of 19 stores throughout the island. What the price guarantee assures customers is exactly that an opportunity to buy the cheapest toiletries in town or your money back on the difference.
        70 words
      • 130 15 NEW YORK The Pepsi-Cola Co will use the commercial time it has purchased during CBS's telecast of Super Bowl XXVI on Jan 26 to introduce the First change in the advertising slogan for its flagship Pepsi-Cola brand since 1984. In three 60-second commercials, Pepsi will
        130 words
    • 223 15 NYT A REPORT on how advertisers can make their ads work better one of the most discussed issues in the business contains several recommendations that are likely to be controversial. The report. The 15 Best Improving Media ancrtlarketing Effectiveness in 1992, was scheduled for
      NYT  -  223 words
    • 672 15 Stuart Elliott on finding the limits of hard sell Reuter SEX HAS long been at the heart of marketing in the United States. Pretty women decorated Co-ca-Cola calendars as far back as the 1890s. But sexual themes particularly involving the undraped body are being used by
      Reuter  -  672 words
  • Page 15 Advertisements
    • 92 15 Bfflnßßi aaiß Aspartofourexpansionplan,wearepleased CHENG SENG DACHING CO. l f rS CSD INDUSTRIES PTE LTD. activitiesofCHENGSENGDACHINGCO., will be transferred to our associated company CSD INDUSTRIES PTE LTD. The management and staff will continue to provide good quality products and services to all our customers. SHOWROOM: FACTORY/OFFICE: BLK 7 NORTH We would
      92 words
    • 30 15 j f /V W%&? —y V VV> 4^4|| k. y'.v *-V* v V l% _-f-.•.■;•■ f■*.. < •s.;* I I <% &/i 1 SHEAFFER. > f ?1 .]i •> f■ v r. :< s xJb
      30 words

  • SPORTS 1
    • 367 16 Australian Open AP MELBOURNE Stefan Edberg continued his campaign for a second straight Grand Slam title with a 6-1, 6-2, 6-1 second-round rout of Claudio Mezzadri at the Australian Open yesterday. Combining poise and power, the US Open champion from Sweden never needed to move into
      AP  -  367 words
    • 356 16 AP MELBOURNE Tennis burnout, that torpid condition caused by too many tournaments, too many hotel rooms and even too much money, was consuming Wimbledon champion Michael Stich like a slow-moving fire. Has his zeal returned in time to contend in the 1992 Grand Slam events?
      AP  -  356 words
    • SIDE LINES
      • 91 16 BERMUDA DUNES, California There are more questions than answers for Curtis Strange as the two-time US Open champion begins his 1992 season. "I don't know if I*ll ever get back to No 1, or 2 or 3 on the money list, but I
        91 words
      • 177 16 NEW YORK World Cup USA 1994 on Tuesday unveiled the official mascot for soccer's next international extravaganza a ioveable cartoon animal officials hope will help generate about half a billion dollars worth of revenue. But suspense lingered through the laser show presentation that had soccer legend Pele
        177 words
      • 65 16 LONDON South Africa's return to international athletics is on hold after the Amateur Athletics Board's decision to boycott last weekend's meeting involving the sport's two other organisations in the republic. The International Amateur Athletic Federation, the sport's governing body, stressed on Tuesday the need for unity
        65 words
    • 494 17 AP RIO DE JANEIRO A day after announcing his retirement, three-time motor racing champion Nelson Piquet said he did not mean it but that he would not join the Formula One circuit this year with a "competitive car". Piquet released a statement on Tuesday
      AP  -  494 words
    • 316 17 Reuter SAN DIEGO, California Old-fashioned skipper Buddy Melges, sailing Defiant for the America 3 syndicate, handily defeated Team Dennis Conner's Stars and Stripes on Tuesday in the opening race of the America's Cup defender series. The 61-year-old Melges, who prefers to ignore hightech on-board computers
      Reuter  -  316 words
    • 166 17 Reuter HINTERSTODER, Austria Annelise Coberger was virtually unknown on the World Cup ski circuit on Sunday morning. Two days later she put herself and her native New Zealand on the winter sports map. Coberger, not mentioned in the official biographies of World Cup participants, swept
      Reuter  -  166 words
  • Page 16 Advertisements
    • 170 16 How to become a j shade more informed v V/ L tr ,*r7i. <• about business. The Unfair Advantage. i' 1 jTfcfindaiqusdi^ittle^reai^Ci^iEP^Wtote To go into the long and short of j T j protrude beyond the machine, taking up Its speed is also hard to beat —40 Minolta it, our
      170 words

  • Page 17 Advertisements
    • 359 17 iflUHk A COMMANDING PERFORMANCE THAT'S CLEARLY MINDFUL OF THE ENVIRONMENT. The new XJ6 3.2 is first and foremost a technology has refined its 6-cylinder engine to near seat belts. Central locking, electric windows and A final thoughtful touch of a marque whose drivers car. A rare blend of racing experience,
      359 words

  • Page 18 Advertisements
    • 306 18 M Nothing Beats A Bud. where to wine, dine OF |Bhbjjj|j|' ittsgySiii B ORGANISE YOUR OWN KARAOKE! It's your very own Karaoke party! King's Hotel has come up with a weekend Karaoke package for groups of 10-200 people from 12 noon to 5 pm. After your Penang Buffet Lunch, the
      306 words
    • 321 18 SCOTTS LOUNGE JL MI muL I Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoiie of our string quartet or solo pianist. Experience Hyatt Regency Singapore's new Scotts Lounge. ®SKf Hvan Regency Singapore 10-12 Sootts Road Singapore 0922 Td: 733
      321 words
    • 274 18 m W. wQmkSing in the Subway! Happy hours at Subway are now singing I! hours. So ride on down to Subway for Happy Hours when all drinks are going for a song. HOTEL Happy Hours: q° D[A/AY 6 9 pm (~P* at-All-You-Can delicious Hong Kong Dian Xin Delights available daily
      274 words
    • 279 18 J PERFORMED DAI™ AT I Amidst Imperial splendour. our chefc 'Wflfij stage their highly-acclaimed performance }Wt f I 01 legendary Beijing cuisine to the satis EsK. m I faction of demanding diners To guarantee 1 l fP4aCe am^ nBSt thC diSCemlnB make .s •4* 3" Occhart toad. Singapore 0923. T«17J7441,
      279 words
  • Page 18 Miscellaneous
    • 588 18 TELEVISION AND RADIO Slashed value ***** JSSSs BuaHESSOWRAaO k-JACII3XXwVJ. V 730 A* CNN International <L). *10.30 Thursday Feature Special 751 p rav «r r»M BBC, 88.9 mHz in VHF Band II 8.30 Close. Face Value (See Our Choice). 151 c£F( w'di 7.05 am, 1.30pm, 5.05pm, 1.05 am: 655 PM Opening
      588 words

  • LIFESTYLE
    • 718 19  -  new exhibition at the Victoria Albert Museum is enough to raise the dead, reports Helen Smith Helen Smith Reuter Death, now the great taboo, was once celebrated with British. BUSt by the thl°^ nsitive is the subject hese days that a new exhibiJUa a.u Lond °n's Victoria
      Reuter  -  718 words
    • 712 19  -  The language of Cicero and the Caesars is very much alive, as Philip Pullella discovers Philip Pullella Reuter LATIN lovers the literary kind will soon be able to talk about pinball machines, traffic jams and cover girls in the language of Cicero. A
      Reuter  -  712 words
    • 272 19 Reuter THE company that owns top-of-the-line US piano maker Steinway Sons has unveiled a new, mass-produced, made-in-Japan brand. Steinway Musical Properties Inc, the Waltham, Mas-sachusetts-based holding company that owns world-re-nowned Steinway, introduced its newest subsidiary, the Boston Piano Co, along with the
      Reuter  -  272 words
    • 361 19 IHAIfiRBOX ACTRESS Julia Roberts "a tacky Tinkerbell" and singer Wynonna Judd "a shaggy songbird" headed the annual list of worstdressed women of the year issued by fashion designer Richard Black well on Tuesday. Blackwell listed his top 10 which included a man along with
      361 words
  • Page 19 Advertisements
    • 160 19 AND ENTERTAIN IUJL; I Ra Shai Mase For the fresh and flavourful taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15 pm. A, ANA HOTEL For reservations, SINGAPORE please call 732-1222 ext 1589. 16 Jg Wheeling and dealing is
      160 words
    • 135 19 Difference of fortune Cate Harbour View Seafood "Restaurant *****08 Enjoy a feast of sumptuous food and fine wine while singing to your heart content with the karaoke set (provided free of charge) or dance the night away on the dance floor. i Specially presented for "COMPANY'S DINNER DANCP I FREE!
      135 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4235 20  -  By Shoeb Kagda THE BIG PLAYERS returned to the market yesterday and brought out smiles all around. After two days of drifting without direction, shares across the board soared on renewed interest. And the good part about the strong activity was that
      4,235 words
    • Article, Illustration
      77 20  -  UV IV -By Chew Eng Han Comment WITH weekly stochastics already pointing up firmly, and daily stochastics about to turn up, further gains are likely for Causeway Investments over the coming weeks. The next target is at 82 to 85 cents, followed by 90 to 93 cents. Strong
      77 words


  • 3276 22 Getting* 50* 730 30 f4.*% NST 330 +30 10.0% Esso 50* 384 18 4.9% Leader U 398 +18 4.7% Boustead 50* 183 HI r6.4% M Banking 394 +8 +-2.1% UMW 246 6 2.5% Dunlop Est 160 +5 +3.2% Amal Steel 50* 225 +4 <-1.8% Hume
    3,276 words
  • Page 22 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 5029 23 Bernama SHARE PRICES ended steadier in the Kuala Lumpur stock market yesterday on follow-through buying support, due to Wall Street's record performance overnight, with several major counters recording double-digit gains. In moderate trading, the KLSE Composite Index rose 5.65 points to 552.28 while the
      Bernama  -  5,029 words

  • BT SHARE INFORMATION SERVICE
    • 262 24 Company Date Year Group Net Net earnings Cross ann to prom/toss (L) per share dividend C000) (cents) Goodwood Park Jan 10 Sep 91 J22.137(J21.216) 49 2(47 1) 80(50) JHMsia Jan 10 Sep 91 J429($l 886) 26(11 4) 15(20) SPH Dec 24 Aug 91 $153.802(J133.374 62 6(54 3) 25(30)
      262 words
    • 123 24 Ceipaay Date Yaar Group pretax Not earniags Gross ann to profit/toss (L) per share dMdead (000) (CMts) KL Kepong Dec 27 Sep 91 MJ85.468($84,804) 15.3(14.8) 15(15) Pacific Can Dec 24 Sep 91 S138($l,387l) 02(—) Van Der Horst Dec 24 Sep 91 J2,960($2,800) 4.7(42) 1(1) Wearnes Dec 17 Sep
      123 words
    • 458 24 Company Date Half-year Creep pre-tax Interim ann to profit/1©«« (L) dividend COM) Polytek Dec 31 Sep 91 $4891 ($1,958) —<—) Sateras Res Dec 31 Sep 91 M$2,023($462L) FACB Dec 30 Sep 91 M$5,255($4,861) SH Dredge Dec 30 Sep 91 M$2,391($579e) Imatex Dec 27 Sep 91 M$3,270L($2.615L) KUH Dec
      458 words
    • 399 24 Jan 13 Singmarine Industries Ltd has formed a new joint venture company in the south of China to build aluminium vessels and other marine structures City Developments Ltd has sealed a $95m agreement to buy from the Lam Soon group its Jalan Jurong Kechil site. Singapore Airlines has
      399 words
    • 505 24 Current Ex Books Date Total lor Total lor paymaat data dosa payable ttm year last year WS8 50c 12%(b) Dec 30 Jan 14 Jan 21 12% 10% Ami Stool 50c 10% Dec 9 Dec 23 Jan 20 20% 20% Asa Padic 18%N Jan 9 Jan 21 Jan 29
      505 words
    • 174 24 Company Rights Issue Asa Pac Land Four-tor seven MJO 50 per share Ex-date Ian 3 Books dose tar 17 Acceptance Payment NYA City Dt* RenounceaMe rights issue on the basis of ten $2 85 per share Ex-date Dec 9 Books dose Dec 19 Acceptance Payment Jan 28 lacks
      174 words
    • 507 24 Company Rights Issue Manet Ttdi One-fix-one SI 00 per share Bolton Issue of $90 978m nominal amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the bass of S2 nominal amount of Bonds for every three existing shares held Every J? nominal amount of
      507 words
    • 212 24 Singapore Press Holdings Ltd; 7th AGM at News Centre. 82 Gentmg Lane. Singapore 1334. on Saturday. Jan 18, at 11.30 am Malaysian Plantations Bhd: EGM at Anggerik Room. Equatorial Hotel. Jalan Sultan Ismail. ***** Kuala Lumpur, on Wednesday. Jan 22. at 10am Amalgamated Steel Mb Bhd: EGM at
      212 words
    • 115 24 Conversion Special Trdg Scripiess Conversion deadline Period Trading Company starts (IDP) (ST) starts City Dev 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 Oct 10 Oct
      115 words
  • 590 24 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 hormally 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
    • 2202 25 Reuter SHARE prices in the Bangkok bourse finished firmer across the board yesterday in an activc buying market, following gains in foreign stock markets, brokers said. The SET index ended 10.89 points higher at 742.99 on a turnover of 5.76 billion baht,
      Reuter  -  2,202 words
  • JAKARTA STOCK EXCHANGE
    • 1176 25 MOST Jakarta share prices closed lower yesterday, with the official index falling 1.27 points to 250.14. Trading was slow and turnover fell to 2.97 million shares from nearly four million on Tuesday, brokers said. Astra International came under strong selling pressure and fell to
      1,176 words
  • Page 25 Advertisements

  • STOCK EXCHANGE OF HONGKONG
    • 2595 26 Reuter HONGKONG shares closed at a record high yesterday for the second consecutive day though well below the early intra-day high of 4,420.07 reached on the back of Wall Street's 61-point surge. The blue-chip Hang Seng Index rose 15.05 points to end
      Reuter  -  2,595 words
  • 2075 26 Vol Jan 14 Yen High Low (DO) PE Ajinomoto 1330 30 1350 1310 2760 71 Akai Electric 660 5 660 641 6700 33 All Nippon Airways 1260 -20 1300 1260 7840 157 Amada 930 15 930 910 2310 14 Asahi Breweries 1270 40 1280 1250 720 169
    2,075 words
  • Page 26 Advertisements

  • AUSTRALIAN STOCK EXCHANGE
    • 2391 27 Reuter ANOTHER record performance on Wall Street ignited buying on the Australian share market yesterday, which jumped 1.5 per cent. Sharp gains were recorded across all sectors, with blue chips in special demand. "It finished on its highs and it was a strong performance,
      Reuter  -  2,391 words
  • REGIONAL STOCK MARKETS
    • Hyundai labour dispute pressures Seoul bourse
      • 794 27 SEOUL stocks plunged again yesterday in moderate trading as worries over financial constraints, falling customer deposits and a full-scale labour dispute at Hyundai Motor Co Ltd continued to pressure the market. The composite stock index lost 11.49 points to 604.63 on a turnover of 231 billion won against 217
        794 words
      • 443 27 TAIWAN share prices ended slightly lower yesterday after a day of active trade. Brokers said the market was due to enter a correction stage in the 100point range. The weighted index ended at 4,939.07, 8.09 points below Tuesday's close. It had soared to 5,010 at the opening and fallen
        443 words
      • 476 27 MANILA'S stock market closed at a new 25-month high yesterday after blue chips rose and possibly paved the way for a resumption of a general rally soon. The Manila composite index finished 23.84 points higher at 1,260.50, its highest sincc November 1989. Brokers said investors believed the economy was
        476 words
      • 227 27 NEW ZEALAND shares finished higher across the board yesterday as bargain hunters returned to the fray after three sessions dominated by large sell orders and profit taking. The NZSE-40 capital index gained 25.38 points to 1,503.70. The enthusiasm was bolstered by mid-morning news that annual inflation in calendar
        227 words
      • 55 27 INDICES TURNOVER Close Prrvioas Jan IS NEW ZEALAND NZSE-40 Capital 1.503.70 1,478.32 +25.38 Turnover (NZSmillion) 29.84 31 •1.16 MANILA Composite Index 1.260.30 1.236.66 +23.84 Turnover (billion) 1.3 1.9 -0.6 TAIPEI Weighted Price Index 4,939.07 4.947.16 -8.09 Turnover (NTS billion. 48.7 45.28 +3.42 SEOUL Composite Stock Index 604.63 616.12 -11.49 Turnover
        55 words

  • WORLD STOCK MARKETS
    • Dow soars to all-time high in heavy trade
      • Article, Illustration
        1379 28 STOCKS soared in heavy trading on Tuesday as investors looked beyond dismal economic news and went on a buying spree, propelling the Dow and other market indicators to record heights. The Dow Jones Industrial Average, which lost 13.86 to 3,185.60 on Monday, soared 60.60 points to 3,246.20 to
        1,379 words
      • Article, Illustration
        831 28 LONDON shares rose strongly on Tuesday, lifted by a firm retail sector and an unexpectedly firm Wall Street after disappointing US retail figures for December. The FT-SE 100 Index closed at 2,516.3, up 26.2 points. The FT-30 index gained 10.4 to 1.905,2. Trading volume was 517.6 million shares against
        831 words
      • 327 28 DUTCH shares closed firmer though off their best. Traders said sustained early demand for specific stocks largely offset mixed signals on Wall Street. "It was a nice market after a year of grief," said one. "Plenty of demand, not a lot of sellers, reasonable volume." After peaking at 286.41,
        327 words
      • 267 28 GERMAN shares gave up early gains to end only slightly higher, as strong demand for chemical Hoechst and carmaker Volkswagen failed to give the broader market much of a lift. The 30-share DAX index closed 5.59 points higher at 1,628.26. That was below an early peak of 1,631.01. It
        267 words
      • 245 28 THE Paris bourse enjoyed a winning session on Tuesday as the CAC-40 stock price index finished the day at 1,843.81 points, up by 1.07 per cent from the Monday close. Operators said that in the wake of a "consolidation session" on Monday that found the index declining by 0.72
        245 words
      • 168 28 THE Brussels bourse is cheap at current share price levels and the market's potential is considerable, stock market analysts of Banque Bruxelles Lambert SA (BBL), Belgium's second largest bank, believe. But long-term interest rates need to fall before the market can make a major recovery, senior analyst JeanMarie Louis
        168 words
      • 285 28 SWISS shares ended a moderately active session firmer but some blue chips had retreated from their opening highs. Dealers said a firmer bond market supported sentiment and renewed talks that Nestle could make a share split later this year buoyed demand for the food giant's shares as well as
        285 words
      • 371 28 CONTINUED demand for a limited supply of quality shares, especially blue chip industrials, drove the stock market to fresh peaks again on Tuesday, dealers said. The JSE industrial index surged further to a new high of 4,454 from last Friday's previous high of 4,422. On Monday, the index eased
        371 words
      • 232 28 TORONTO stocks drifted higher as the market continued to consolidate after last week's sharp gains. "It's not the continuation of the feeding frenzy in Toronto that we saw last week," one dealer said. "It's quiet out there and there are no real features." The TSE-300 rose 1.71 to 3,604.1
        232 words
      • 190 28 INDICES TURNOVER Jan 14 Clow Previous NEW YORK Dow Jones 3.246.20 3,185 60 f60.60 SAP 500 420.44 414.34 +6.10 Turnover (million) 265.9 200.4 65.5 LONDON Financial Times 30 1.905.2 1.894.8 10.4 FTSE 100 2.516.3 2.490.1 26.2 Turnover (million) 517.6 423.7 90.9 FRANKFURT DAX Index 1,628.26 1,622.67 5.59 AMSTERDAM EOE Index
        190 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1219 29 REPORTS THE US DOLLAR shot up over three pfennigs in a hectic morning session in London yesterday as an early break of key 1.60 mark resistance sparked a frantic rush of stop-loss buying. By 1130 GMT, the dollar had leapt
      1,219 words
    • 375 29 Cross rates Jan IS USS SS MS Dm Yen SFr AS NZS USS 1.6380 2.7130 1.5910 126.75 0.5591 1.4110 1.3495 1.8484 SS 0.6105 1.6563 0.9713 77.3810 0.3413 0.8614 0.8239 1.1285 MS 0.3686 0.60 0.5864 46.7195 0,2061 0.5201 0.4974 0.6813 Dm 0.6285 1.0295 1.7052 79.67 0.3514 0.8869 0.8482
      375 words
    • 542 29 Interbank rates SS Bid offer Overnight 3 1/2 3 3/4 1-month 2 13/16 2 15/16 2-month 2 13/16 2 15/16 3-month 2 13/16 2 15/16 mode: 2-7/8 tS$ Bid Offer 7 days 4 1/8 4 1/4 1 month 4 1/8 4 1/4 2 months 4 1/8 4 1/4
      542 words
    • 320 29 Reuter WASHINGTON The American Stock Exchange (Amex) will meet soon with the Securities and Exchange Commission and other exchanges over its settlement of stock index options amid signs that it is mulling over a change in its procedures. The Amex and the
      Reuter  -  320 words
    • 313 29 Reuter NEW YORK The lifting of speculative position limits on currency and interest rate futures is likely to have a limited impact on the much larger and more liquid spot foreign exchange market, dealers said. The Chicago Mercantile Exchange (CME) said it received
      Reuter  -  313 words
    • 1053 29 SIMEX EUKOPOLLAW Open High Low Sett Est Vol Op/Int Vot Mar 92 95.82 95.85 95.80 9000 ***** ***** Jun 92 95.60 95.64 95.55 95.57 9000 ***** ***** Sep 92 95.24 95.27 9S.18 95.20 6522 9522 ***** Dec 92 94.65 94.68 94.60 94.61 2514 2605 4304 Mar 93 94.39
      1,053 words
  • Page 29 Advertisements

  • COMMODITIES
    • 436 30 Reuter PARIS The world's rising thirst for oil will hit a record 66.8 million barrels per day (bpd) this year but growth in demand is still stuck in a sluggish trend begun in 1990, the International Energy Agency (lEA) said
      Reuter  -  436 words
    • 286 30 FT SAO PAULO Brazil exported 19.46 million bags (60 kg each) of green coffee worth a total of US$l.45 billion (552.36 billion) in 1991. The local coffee sector believes these figures will propel Brazil back into its traditional position as the world's
      FT  -  286 words
    • 750 30 REPORTS THE Kuala Lumpur tin market ended at a five-year low of M$ 14.51 a kg yesterday, down one cent from Tuesday's close, on continued lack of demand and lower London overnight values, traders said. "Buyers are withdrawing from KLTM because
      750 words
  • 1431 30 Rubber j an 15 HAS (M> In bait) S cents/kg Noon CTose Int I RSS Promp< I28.50/129.50N 129.75/130 75N Int 1 RSS Feb 92 129 00/129.50 130 25/130.75 Int I RSS Mar 130.00/130.50 131.50/132.00 Int 2 RSS OP 127.50/128 50N I28.00/129.00N Int 3 RSS OP 124.50/125.SON I25.00/I26.00N Int 4
    1,431 words
  • Page 30 Advertisements

  • 1248 31 City night ETA FUgtrt ETD to* GA887 1415 GA894 2015 »Wilii QF5 2010 SQ228 2040 imtartUm SQ23 0700 GA894 2015 KL833 0955 KL834 2325 GA975 1525 Aacfclaarf BA11 1225 SQ285 2215 Bahrain GF148 0915 WiM)M GA525 1450 B Sari Bagawaa BI453 1105 SQ182 0915 SQ181 1410
    1,248 words
  • THE TRAVEL PAGE
    • 416 31  -  LETTER FROM LONDON By Janet Kerlin Big black cabs, as much a part of London as red dou-ble-decker buses, are riding empty through its main streets and misty passages. The lines of idle taxis are an index of a stubborn recession tailgating the government in
      416 words
    • 150 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2095 1.2260 Canadian dollar 1.4100 1.4390 NZ dollar 0.8770 0.9125 Sterling pound 2.9190 2.9590 US dollar 1.6340 1.6420 Local dollars to 100 units of foreign currency Austrian schilling 14.65 15.00
      150 words
    • 69 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Feb 13-18 International Valencia Feria Muestrario ********** Feb 16-18 Automatic Wembley MGB Exhibitions 0892-*****3 1992 Toy Fair Spain International 1992 Aftermarket Exhibition CtrLtd De Valencia Exhibition London Feb 14-23 International Turin. Italy Torino *****569 Feb 18-22 Heating
      69 words
  • Page 31 Advertisements
  • Page 31 Miscellaneous
    • 251 31 1 Roughly a guess about a 5 Something said to stop a s—^~~^ punch, for example (4) j j I I I j j 9 Firm pieces contained in "bT""■i™"™"ißr" IBT~ the polytechnic II Everyone about to proceed with computer language no more explosive this piece of camping equipment.. (4-3)
      251 words
    • 165 31 Singapore Outlook: Windy with occasional showers in the late morning and afternoon. Report: Maximum temperature 29.3 Assoc humidity 73% Minimum temperature 24.2 Assoc humidity 95% Hours of sunshine 0.50 Rainfall in mm 2.6 Rainfall this month 7.6 Rainy days this month 4 World report Asia-Pacific Hi/Lo* Cond. Auckland 24/18 Cloudy
      165 words
    • 7 31 Begging BOUII— \4fcVg. i GOT EVeHyTHiWG 9
      7 words

  • 309 32 No details given in report by Beijing-funded paper Reuter HONGKONG China has made "major, concrete concessions" in Sino-US talks to thrash out American charges of trade piracy, a Beijingfunded newspaper yesterday quoted a Chinese economic official as saying. Wang Tianming, economic
    Reuter  -  309 words
  • 235 32 Reuter BRUSSELS The European Community's top trade official yesterday dismissed remarks by US President George Bush, about what he called the EC's trade "iron curtain", as an ill-judged attack. Trade and External Relations Commissioner Frans Andriessen said in a statement that he
    Reuter  -  235 words
  • 304 32  -  By Harish Mehta SINGAPORE Asean will contribute, within its means, to the reconstruction of Cambodia, but the primary responsibility rests with the Cambodians, says Prime Minister Goh Chok Tong. In written answers yesterday to questions by E M Rasheed, of the Press Trust
    304 words
  • 135 32 AFP KUALA LUMPUR Malaysia's Bank Negara has uncovered irregularities and malpractices in 24 insurance brokerage firms. Finance Ministry parliamentary secretary Mustapha Mohamed said yesterday that the discovery raised questions over the "integrity and impartiality" of the industry's dealings. He said 14 of the firms
    AFP  -  135 words
  • 153 32 AFP WASHINGTON The US has modified its position on the Algerian crisis, adopting a more neutral stance over the constitutionality of the takeover of power in Algiers by a five-member state council. "Today, our position is going to be that we are not going
    AFP  -  153 words
  • 760 32  -  The Bottom Line MAGGIE FORD MAGGIE FORD The writer, formerly the Financial Times' correspondent in Seoul, is BT's Jakarta correspondent Three cheers for the two Koreas! In the dying days of 1991, the leaders of this divided nation, set implacably against itself
    760 words
  • 318 32 AFP TOKYO Japan's unravelling bribery scandal is implicating more members of Prime Minister Kiichi Miyazawa's political faction, including one of his predecessors, Zenko Suzuki, news reports said yesterday. Mr Suzuki and a former state minister would be questioned on whether they received
    AFP  -  318 words
  • Page 32 Advertisements
    • 74 32 The World's Finest Photographic System Nikon Price Specials See SBC Text Ch. 8 Pg. 188 (3 pages) Jpf?-.' j JM^ Hr m F 6 CERRUTIIBBI MEN'S BOUTIQUES •01-15 The Paragon, Orchard Road Tel: *****55 -02-54/60 Wisma Atria, Orchard Road Tel: 734 9 360 <01-45 Forum (ialleria, Orchard Road Tel: 733
      74 words
    • 87 32 The World's Finest Photographic System Nikon Price Specials See SBC Text Ch. 8 Pg. 188 (3 pages) Frustrated by your emotional hindrfHHHMMMMBd your profitabletrades? '>1 Top traders agree that successful trading is ,*^B 80 psychology and 20" methodology Both professionals and part time traders will benefit in this workshop" I
      87 words

  • Shipping Times
    • 278 33 Reuter CHICAGO Starting with AMR Corp's results, which were due yesterday, US airlines will post heavy losses in the fourth quarter, analysts said. "It's going to be a horrible quarter," said Smith Barney analyst Geoffrey Dann. "The only one that is going to
      Reuter  -  278 words
    • 510 33  -  Sixth Chua Chor Teck Annual Memorial Lecture By Rahita Elias SINGAPORE The International Maritime Organisation (IMO) is adopting a more proactive approach in its bid to promote maritime safety and prevent pollution of the seas. William A O'Neil, IMO secretary-general, told BT that in line
      510 words
    • 238 33 Reuter BRUSSELS The European Commission may tighten its rules on airline computer reservation systems to ensure there is no discrimination between systems or the carriers that own them, a Commission spokesman said on Tuesday. He said the Commission, the European Community's executive, was
      Reuter  -  238 words
    • 871 33 Page Col ABC Containcrline 12 1 Accord Group 8 1-3 APL 5 3-5 APC Line 13 5 Arrow Inter 9 4 •ASCL 5 9 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 10 1 Bangladesh Shpg 8 5 The Bank Line
      871 words
    • 273 33  -  By Juliette Walker SINGAPORE Garuda Airways, Indonesia's flag carrier, began operating its first MD-11 wide-body aircraft to Hongkong yesterday. The move is in line with its corporate strategy to boost operations in the Asia-Pacific region. Garuda's commercial vice-president Max Sahulata said: "We need modern wide-bodied
      273 words
    • 325 33 AP OSLO Nuclear-powered icebreakers someday may lead freighter convoys through the frozen seas north of Siberia on a shortcut Between the Atlantic and Pacific oceans. According to the Fridtjof Nansen Institute, a private agency in Oslo, the 6,437-km route warrants serious study
      AP  -  325 words
    • NEWS SUMMARY
      • 55 33 MAJOR realignments are taking shape in the airline industry. For instance, there has been talk for months about a partnership between British Airways, KLM Royal Dutch Airlines and Northwest. And United is expanding in a big way, taking over Pan Am's routes in South America.
        55 words
      • 36 33 GENERAL MOTORS Corp said yesterday that it had formed a joint venture with Chinese firm Jinbei Automobile Co Ltd to make pick-up trucks in Shenyang, north-east China Back Page
        36 words
      • 38 33 AT&T will be teaming up with the Ukrainian government and the Dutch telephone company to build and operate a new long-distance telephone service in the newly independent republic Back Page
        38 words
      • 47 33 ROVER said yesterday that it was prepared in principle to involve itself in car manufacturing in Russia, including the possible transfer of production equipment for its Montego range after UK production finishes in around two years 1 time Back Page
        47 words
    • LOG BOOK
      • 75 34 BONN German Transport Minister Guenther Krause has commissioned the German railways to prepare plans for a proposed high-speed train connection linking Paris, Eastern France and Southwest Germany (POS). The Transport Ministry said the plan would eventually link Munich and Stuttgart in southern Germany as well as parts
        75 words
      • 111 34 RIO DE JANEIRO The Brazilian government completed its first privatisation of the year, selling 90 per cent of the ordinary shares in shipping company Servico Navegacao da Bacia do Prata (SNBP) at public auction for a total 14.7 billion cruzeiros, 54.42 per cent above
        111 words
      • 101 34 CARACAS The airlines Avensa and Mexicana de Aviacion have agreed to form a joint venture to operate daily flights, officials announced here on Tuesday. The companies will use a 167-passenger Boeing 747 owned by Avensa, a private Venezuelan airline. Under the agreement, Mexicana de Aviacion will
        101 words
      • 76 34 SOLA, Norway A Panamanian freighter ran aground overnight on Saturday off the north-west coast of Norway and its 23 crew members had to be airlifted to safety, rescue services announced here on Sunday. The 135,000ton Arisan, which was carrying iron ore, was on its way
        76 words
      • 64 34 LIMA The German airline Lufthansa has suspended its service to Peru and has contracted with Lloyd Aereo Boliviano (LAB) to serve the La Paz-Lima-Bogota route, a company official said here on Tuesday. Lufthansa pulled out because the operation of its Jumbo 747 jetliners was too
        64 words
      • 81 34 MARSEILLES The French shipyard Brisard-Sud Marine said on Monday it will deliver to the Vietnamese firm Petechim in about three weeks a supertanker converted into a floating fuel depot. The 50 million franc (S$ 15.3 million) contract was described as the largest of its type
        81 words
    • 824 34  -  Dirk Beveridge surveys the global airline scene and sees major realignments taking shape Dirk Beveridge AP IT MAY SEEM as if the only thing happening these days in aviation has been the death of weak airlines, but that's only half the picture. At the sahie time,
      AP  -  824 words
    • 792 34 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      792 words
    • 1012 34 FREIGHT market conditions on Tuesday were firmer as charterers re-emerged and higher rates were agreed, dry cargo brokers said. The Baltic Freight Index shot up 14 points to 1,508, just one point below its rating on December 20 last year. All panamax routes were marked higher and brokers
      1,012 words
    • 5417 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
      5,417 words
    • 3344 47 A A-IK Containeriine NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg A Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg A Trdg (S). w Albatros Sea-Air Service: Frata
      3,344 words
    • 259 47 Abacus C ouriers Tel: 545-8011. Fax: *****98. Air Express I ravel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844. Fax: *****16. *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Ouster Link Supplies
      259 words
    • 1530 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-***** Fax: *****05. Aerosoeed Tel: 542-5911. Fax: *****18 Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,530 words
    • 2879 48 jay-lam i ARGENTINA No labour problems. Buenos Aires: Port busy; general cargo berth occupied most of" the time but no waiting for arrivals except for those requiring deep draft berths. Pilots are forming private enterprises and tariffs and regulations are being discussed. San Lorenzo: Port busy with three
      2,879 words
    • 1578 48 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Ari: 25,637 dwt and built Aug 1980 Georgi Dimitrov and sistership Papu built June 1982, owners inviting best outright offers. Nordpol: 61,775 dwt and built Aug 1982 Koyo Mihara. brokers trying for USSI6 million. Can also combine sale with 5/7 years
      1,578 words
    • 558 48 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 I BKK Si A SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
      558 words
    • 790 48 CRUISE FERRY SCHEDULES Ait Pep Nam* of Vessel ETA LTD Ports of Calls Port Ayit -j JAN 16 16 Royal Pacific 1100 1930 Sin-Jakarta Ocean Trade Chartering 16 16 Renaissance 4 0800 1700 Sin-Jakarta-HK Barwil Agencies 17 17 Azerbaydshan 1000 1800 World Cruise S'pore Soviet Shipping Co 17 17 Cora
      790 words
    • SHIPS IN PORT
      • 542 49 ImmI N» Berth fcrtwj Dgrtw jjwwj Voy Wo Berth IW Oepartiw Mlfhn Terminal 1 Q«*yang J7 alongside 1601/2300 Batam Murrn *****2 M05 alongside 16.01/2300 H urg J3 Batamwdo 1 147S M02 alongside 15.01/2100 7i, a? If J /2!22 17 21(522 Blue Power 3 *****2 M04 alongside 1601/0500
        542 words
      • 219 49 JHwr> Nrt Berth: 1: nil; 2: Glory Selatan VI, Mulberry; 3: Bai Yun Shan; 4: Tern; 5: Kaveri; 6: Ming Chun. 01 jetty: Sukun. DCi: Elbegas. Petro Lintas. Due on ian 15: Magic Lady, Harukatt, Melaka Jaya 11, Barge Josjndo Satu, Bunga Kemuning, Jebel AJi. Due on
        219 words
      • 890 49 RECEIVING OF EXPORT Fa CONTAINERS AND LCI CARGO Record Booking/Balance Rifts SNp Hoy No Etb/Btr Period From To Fran A Venture 03/351 16/2215 1 15/1500 15/1659 15/1900 ACX Uy 196 17/1900 1 15/1500 15/1659 15/1900 2 15/1700 16/0659 16/0900 3 16/0700 16/1159 16/1400 4 16/1200 16/1459 16/1700 WX
        890 words
    • 148 50 Reuter BEIJING General Motors Corp (GM) said yesterday that it has formed a joint venture with Chinese firm Jinbei Automobile Co Ltd, to make pickup trucks in Shenyang, northeast China. GM holds a 30 per cent equity stake in the new company, Jinbei
      Reuter  -  148 words
    • 428 50 NYT WASHINGTON AT&T announced on Tuesday that it would team up with the Ukrainian government and the Dutch telephone company to build and operate a new long-distance telephone service in the newly independent republic. The deal marks one of the first big
      NYT  -  428 words
    • 234 50 FT LONDON Rover, the vehicles subsidiary of British Aerospace, said yesterday that it was prepared in principle to involve itself in car manufacturing in Russia, including the possible transfer of production equipment for its Montego range after UK production finishes in around two
      FT  -  234 words
    • 157 50 Reuter BAGHDAD An Iraqi Airways plane made a trial run to the southern city of Basra on Tuesday for the first time since the Gulf War broke out almost a year ago with the aim to resume domestic flights. The Iraqi news agency (INA)
      Reuter  -  157 words
  • Page 33 Advertisements
    • 21 33 Lint* and MrvtcM rtffMMted M>rtin of th# Mgtetry of Accreted {rAll sjjopjnj^ /•<w adverti \im; enquiries, amlail Shipping Times: lei 740-2059/740-2090.
      21 words
    • 312 33 the FAMOUS Chroh ■iMIIIJIJ 224 1833 For more information please refer to P(. 13 l op to bottom overhaul for Garoda, BT Pg 12 Air Forwarders 15 Ar Fmght Schedule 16 Cockett Report 2 Contarer Schedule 17 Cooner Services 15 Cruse Ferry Schedules 16 Dariy Freights 2 Index to Advertisers
      312 words


  • Page 35 Advertisements
    • 2560 35 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 Alllftr BOOKINGS TEL: *****234 *****58 i.JllJ__ Ji TERMINAL/CFS TEL: *****218 220 PBmn PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. L VQQQf A PORT KELANG TEL: *****18 FAX: *****91 *****88 1 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Zmmsb^M Dedicated
      2,560 words
    • 1811 35 TRANSPORT DIARY Feb 21-24: Air Traffic Services in the 21&t Century 4th Svmpostum. jointh 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
      1,811 words
    • 1527 35 ■pOEEiSaSEH TWO SAILINGS TO USA MADISON MAERSK V 9202 ETA SIN 22/1/92 AXEL MAERSK V 9202 ETA SIN 20/1/92 VftMl Voy ETA ETO Feeder by DESTINATIONS Johanna to This week Mad won Maersk 9202 TrCTatffMMTHnTTWWWMIWiaBWTFIMPWB— cy 22/1 osoo hrs Port CfS 21/1 2100 HRS Kelang Penang OAK LGB HOU MEM
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  • Page 36 Advertisements
    • 1420 36 f?¥¥TJ HOTTEDAM/ y VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE j f; KAQA 22/102 18/1 9/2 6/2 5/2 ißiPl'i f HANNOVER EXPRESS 06/302 21/1 5/2 7/2 10/2 11/2 ■£l*li¥ 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 KASUQA 1 19/104 30/1 22/2
      1,420 words
    • 717 36 SEASPAC SERVICE DIRECT SOUTH PACIFIC SERVICE SIN NOU suv PPT U BONTANG 3106 EB 25-28/01 10/02 13/02 18/02 IMPERIAL 3202 EB 23-28/02 12/03 15/03 20/03 Tranalt Time (13) (16) (22) ALSO ACCEPTMG CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. APIA. NUKUALOFA. P. VIA FASTEST SERVICE TO CWLE/PEWJ SIN too ANF
      717 words
    • 1512 36 1 FSIWMABtA *MM* REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE Wl/vor SM ALG BCI HAM ME ROT ANT FEL LHA (VIA (VIA ALG) MM) ROT> NORASIA AL-MANSOORAH 9145-3 21/01 12/02 14/02 17/02 19/02 11/02 20/02 19/02 20/02 SI FREEDOM 146* 27/01 17/02 19/02 22/02 24/02 23/02 25/02 24/02 25/02
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  • Page 37 Advertisements
    • 1962 37 W W STRAITS SHIPPING PTE LTD f 15 Hoe Chiang Road #09-01 Sanford Building Singapore 0208 Tel: *****88 Fat: *****17 ACCEPTS OU SAtS CAUGO SPURt B Rim ST*AITS HOPt VOIE Mu*r. Skin. T.. ta Port 1* J.n PtGASUS PHOGKSS V 701N 21-22 JAN 25 M JAN STRAITS VENTURE VO2E Mwu.
      1,962 words
    • 2187 37 SINGAPORE AGENT: C*Atlt!) jflPfC P»0 Containers (Singapore Agencies) Pte Ltd VJVAAWIAAiwMi 15 Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 W Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 r CR Number: **********0Z EXPORT IMPORT *0* 'PNO MN ALQ SOU ANT NOT HAM JCO VC99CL
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  • Page 38 Advertisements
    • 457 38 CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE PRE LUNAR NEW YEAR LOADER ETA ETD MV. KUTAI VOY 24W8 IN PT 16/1 "A" VESSEL 23/1 25/1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sublet to Inducement. Alto accepting cargo to Casablanca, Port Said, Port Alexandria, Genoa, Triad*. ALSO ACCEPTING BOTH CONTAINERS,
      457 words
    • 1365 38 HANJIN SHIPPING Ft* Wl I Ml ILK HAUL 18 IW FW «L SM |LME HAUL SAV LM NYC HANJIN OAK LAM) 01CC 18/1 MECT 10/? 13/2 HANJIN KUNSAN 070E 20/1 H. SAVANNAH 030E 27/2 21/2 1/3 HANJM LONGBEACH 036E 27/1 MECT 17/2 20/2 FISHGUARD MV 10M 27/1 U PtOSPEJMTY 0201
      1,365 words
    • 1214 38 Inu SGP WG KLC W*T 091 NCT 9fi TTO LU C« BN NTC LM MM KM T)f «G PSD CM m W I I LOMMt *472 15/1 Mfl *1/1 22/1 14/1 77/1 2*/ l M/l 11/1 1/2 1/2 14/2 2C/2 2*/2 1/1 11/1 11/1 12/1 11/1 15/3 25/J 4/4 1/4
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  • Page 39 Advertisements
    • 1783 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 nepline sdn bho Malaysia K.L-(03) *****33,
      1,783 words
    • 980 39 m 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 eASTBOUC-OCCHMCWG WESTBOUND—LOADING TIAHSWPH) >1* BOTTCTDAM mssis w* |m« T»ss |ai fna ]mk [H
      980 words

  • Page 40 Advertisements
    • 1611 40 K"W f AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No: 12U*****00M) W V TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/8/9 I |%J M MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD I JtL U *A JL MmM TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T.
      1,611 words
    • 1153 40 r >>WSS PHIU-ORI€NT LIN€S PTC LTD 1 0® Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS2B72OFAX: *****76/*****38 &J0 BY AIR, LAND OR SEA.... A JOBr WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION frutrwuMNEw reua tonnes 22 JAN SYDNEY. MELBOURNE. BRISBANE. FREMANTLE
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  • Page 41 Advertisements
    • 1092 41 SSSSmJmm pacific international lines <pte) ltd m m flhV PIL Building, 140 Cecil Street #03-00, Singapore 0106. CR NO: **********QE UAKABTA I BANGKOK VESSEL VOY SIN JKT SIN VESSEL VOV SIN BKK SIN BUNQA TERATAJ 033 IS/1 21/1 28/1 #R203 JJJJ KOTA SABAS 041 21/1 23/1 2S/1 EQUATOR MAS 33N
      1,092 words
    • 1273 41 EacßenV F CLASS CONTAINER TRANSPORT FEEDER VESSEL PENANG~ P KELANG OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) ANSON/TBN 17/1 18/1 NIHON 2022 23/J 9/2 IW2 12/2 14/2 ANSON/TBN 24/J 25/1 BENARTY 2032 28/J 14/2 16/2 17/2 igTj ANSON/TBN 31/1 1/2 ALSIA 2042 4/2 21/2 23/2 24/2
      1,273 words
    • 468 41 m M MYANMA P& FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI| Pen PGdj nil* to Pi 21/23 ta, 10WAW VI SOW In Pt PAGAN *17«W 11/21 Jan PAGAN VI79W 12/14 fib MP*-AH Vl73* S/10 Fat THE BANK UNE (A service of Andrew Weir Shipping) VI
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  • Page 42 Advertisements
    • 571 42 I STRAITS/ JAPAN/ STRAIT^ERvIcM I LOADING FOB SENBOKU/HACOVA I I TOKYO/NAHA I I SEKI NAGOYA V 74 I I ETA KUCHING 15/1/92 I I ETA T. MANI 16/1/92 I I ETA BINTULU 17/1/92 I I ETA K. KINABALU 27/1/92 I I LOADING FOR SENBOKU/HACOVA/ I I TOKYO I I SEKI
      571 words
    • 76 42 _REGI^^^WB?TioNAISE^CE^7 I S'pore P Kelang Loading for I I 17/1 Rdm/Atw/UK/Nantes I I l M\ 27/1 Rdm/Atw/UK/Nantes/Valencia I MWP 12/2 u/2 Rdm/Atw/UK/Nantes B [S'pore Loading for I GLOBAL STAR 20/1 Jeddah/Aqaba I SPARKLE SUN 20/1 Oubai/Dammam/Kuwait I I S'pore Loading for^^^^^^^^H PAN LIBERTY Los Angeles/New Orleans/ Charleston/Norfolk/Camden I PAN EXPRESS
      76 words
    • 88 42 &DotssK£ 800 Australia New Zealand Weekly LCL Consolidation ffiw CARGOFLO. Singapore-Australia V, Fremantle Adelaide Melbourne "j Sydney Brisbane Singapore-Hew Zealand v i l, Auckland Wellington Lyttleton 1 1 New Plymouth Napier Chrigtchiirrh 1 Jfr fAOSSEOIIO Tel:*227 f— *Jmm Fax *****83 .7 I *****1 lUBOFt/BJJL BBtAKIULK SHIMC* VESSEL PftSL KIUKIANG CAREER
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  • Page 43 Advertisements
    • 1039 43 WEDLLOYD GIVES YOU DUBAI DIRECT VESSEL At P.K| *Ptn *Bkk Sin Sbaya Auckland Fiji(A) NPtymouth(A) Timaru Lyttatton(B) Durwdn(B) Nap* WMngtonfC) Tavanga N Rouen/*****# 13/1 16/1 15/1 15/1 18/1 21/1 3/2 19/2 5/2 6/2 8/2 8/2 Til VI 10/2 N Rochester/2101S@ 25/1 27/1 26/1 26/1 29/1 14/2 1/3 16/2 18/2 18/2
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  • Page 44 Advertisements
    • 750 44 9TO AUSTRALIA/NEW ZEALAND Y* Si* Fr«« Mat) |jfi Uuct fi« If CHAIM *NTwt*ffN 2K \7T ur u7T~ 7i7F~ IiTT" ~—7»77 ■SnS 12tt 27/2 "173" "vT 777 7575 7573 luoTHuncliT "17T" TTTj" wT~ 2vT" JUT~ 5Ji BtUSSEI ?M S/4 12/4 U/4 IS/4 M/ 4 7575 TO USA/CANADA »St Sin GuN P«1
      750 words
    • 1004 44 EXPORTS TO HONGKONG, TAIWAN. MANILA t JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOWD DOT fm PEN «T Bl WWt MO MIW W H(j~ttSSU W3T [SIW [WO. fCW HW mT~ ACXUT **131**151 11 1 171 211 731 711 25 1 30 1 ACX WJBT WO 111 M l 221 211 24.1
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    • 1671 44 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER IJNKR SERVICE Isfi2r S r2!n cuidoiup crui oun SWGAPORE S GENERAL AGENTS HXJPCan went* kl m COSTAR SHIPPING PTE LTD P T. GLOBAL PUTRA t. KLANG TEL 3U1106 8 TLX MA ***** TEL: *****00/2WIU3 INDONESIA MARITIME «NANG TEL 820*41 RX MA ***** TELEX: RS
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  • Page 45 Advertisements
    • 622 45 !(t FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE *****33 24 LINES LIMASSOL/PIREAUS 197! ROTTERDAM 19/1 HAIFA/ASHDOD/ALEXANDRIA 19/1 HAMBURG/BREMEN 19/1 MARSEILLE/FRANCE 1971 FELIXSTOWE/UK 19/1 BARCELONA/SPAIN 1971 LEHAVRE/ANTWERP 19/1 GENOA/ITALY 1971 GOTHENBURG/SCANDINAVIA 19/1 LOS ANGELES/WC/IPI 19/1 SYDNEY/MELBOURNE 21/1 NEW YORK/EC 19/1 FREMANTLE 2VI VANCOUVER 19/1 BRISBANE/ADELAIDE
      622 words
    • 955 45 (5) RICHFIELD MARINE A6ENCIES (S) PTE LTD fi TEL: *****33 (12 Unn) m FAX: *****15/*****03 ICDI TELEX: R3 ***** RISHIP (3 Lln«s) Pf\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivov ETA LOADING FOR SPORE ABBAV WONZ 32W8 15/02 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA ANOINFT
      955 words
    • 874 45 i JAKARTA BANGKOK mm. m m mt lea I wo* mmrm AAA BHUM 128S U/Ol 21/01 SWI BHUM U9W Fri 17/01 Tut ?1/01 KIT I BHUM ITS 22 111 25/01 THAMA BHUM 05M Sun 11 01 22/01 AAA BHUM 127S 2Y 01 28 01 WANTA BHUM 74M Sun 10/01 Wd
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  • Page 46 Advertisements
    • 1285 46 IMPORT:'22I6OO2 PENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 J P-KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 UK/SCANMED PORTS j COLOMBO/S. AFRICA I prw PK IN PEN PK SIN 19/1 20/\ n/\ /F 'h ßd 7/ Ant Louts 23/1 24/1 25/1
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  • Page 49 Advertisements
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  • Page 49 Miscellaneous
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  • Page 50 Advertisements
    • 1151 50 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBQUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC WORTH-WEST II rena wt mi pcd law l«i haul wt kao lbh m s» ut haul hot km tch/ha rn MMG CHUN NIK 13/01 14/01 lt/01 H MOCER 46C 24/01 10/02 13/02
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