The Business Times, 21 December 1990

Microfilm: NL17372
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MCI (P) 16/12/90 Friday December 21 1990 75 4
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  • NEWS SUMMARY
    • Article
      Brady expects interest rates to come down
      58 1 US Treasury Secretary Nicholas Brady >aid yesterday he thought interest rates would come down and that the US economy was in a slowdown which he said would end next year. He said: "In my opinion, the significant lowering ot the discount rate... could
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    • Article
      Chemical sector shines
      27 1 THE CHEMICAL industry is the brightest spot in the manufacturing sector, having posted a 15 per cent growth in output this year Page 2
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    • Article
      New terminal to open
      21 1 GROUND HANDLING agent Changi International Airport Services is opening its hub distribution terminal next month Page 2
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    • Article
      Petrochemical boost
      24 1 INDONESIAN President Suharto has inaugurated a USS4I6 million petrochemical project which provides a vital link to Indonesia's booming textile industry Page 7
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    • Article
      Tokyo sees slowdown
      43 1 THE ECONOMIC outlook for fiscal 1991 to be released this weekend by the Japanese government will forecast growth at a real rate of 3.8 per cent, a slowdown from the estimated 5.1 per cent growth rate for fiscal 1990 PageS
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    • Article
      Blocs set deadline
      32 1 EUROPE'S two major trading blocs have given themselves six more months to clinch an accord on a 19-nation common market stretching from the Arctic to the Mediterranean Page 10
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    • Article
      Bonn backtracking
      32 1 GERMANY'S ruling coalition has begun to trim promises it made to win the recent election and is floating ideas for new levies to meet the cost of unification Page 10
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    • Article
      Dark days for media
      33 1 THESE are gloomy days for the Australian media industry as two national TV networks and the huge Fairfax publishing group find themselves in the hands of banks. Page 13
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    • Article
      Beating the taxman
      23 1 FOR the really rich in the US, this is the season to be merry and beat the taxman Page 21
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    • Article
      Big plans by F Express
      30 1 FEDERAL EXPRESS is boosting its South-east Asian operations with more flights and a brand new US$5OO,OOO facility at Changi Airport. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      34 1 SHARES on Wall Street started trading yesterday in the minus columns with the Dow Jones average of 30 leading industrials down 16.58 points at 2,610.15 points five minutes after the opening bell.
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    • Article
      Footsie lower
      36 1 SHARE PRICES were lower at midday yesterday, depressed by international uncertainty. At about 1215 GMT, the FTSE 100-share index was down 24.4 points, or 1.1 per cent, at 2,154.3. Volume was 327.2 million shares.
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    • Article
      YHS buys out partner
      21 1 YEO HIAP SENG is buying out its partner in its Hongkong subsidiary for HKSIOO million Page 3
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    • Article
      Call for removal
      35 1 THE JOHOR State Economic Development Corporation and Kulim (M) Bhd have requisitioned for the removal of Datuk Robert Chan Woot Khoon as chairman and managing director of Palmco Holdings Bhd Page 3
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    • Article
      Financial year changed
      19 1 CEREBOS has changed its financial year to conform with that of its parent, Suntory Page 3
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    • Article
      No better next year
      33 1 THE US banking industry, which has suffered a tough year of dividend cuts, lay-offs and rising loan woes, is not expected to see much relief in 1991 Page 6
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    • Article, Illustration
      STOCK INDICES
      30 1 I hursda) hange BT-MGA 580.62 -0.13 Kuala Lumpur 497.60 +0.36 Hongkong 3,078.21 -5.23 Tokyo 24.524.94 -351.84 Sydney 1,276.6 -7.4 Wednesda) Change New York 2,626.73 unch London 2,178.7 +16.9
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    • Article
      CURRENCIES
      18 1 Exchange rates USS SSI.7330 Yen SSI.2856 MS SS0.64I4 Money market rates Overnight 2 -2 3-month 5-1/4% -1/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix US$384.45 US$7.65 Rubber S'pore Jan 150.50*/kg unch M'siaJan 239.00«/kg fl.00 KL Tin Turnover 37 tonnes 14 Spot MS 15.01 /kg -0.05 Crude palm oil Turnover 902 lots -90 Jan M$874/tonne +11
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  • Article
    Greater financial purview for elected president
    313 1  -  Presidential candidates must resign from political party By Anna Teo THE SELECT Committee on the elected presidency has proposed legislative changes governing the qualifications and powers of the elected president. The changes will also have an impact on the financial procedures of the government
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  • Article, Illustration
    Move to liberalise construction industry
    449 1  -  Architects, engineers to be allowed to form limited liability companies By Elaine Koh ARCHITECTS and engineers will be allowed to form limited liability companies and team up with related professionals to offer integrated services, under proposed amendments to the Acts governing the two professions. This
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  • Article
    Natsteel arm sets up venture with China Minmetals
    328 1  -  By Genevieve Cua THE TRADING ARM of the Natsteel group has tied up with one of China's largest trading companies to set up a metals and minerals distribution operation in Singapore. Natsteel Trade International has a2l per cent stake in the venture
    328 words
  • Article
    Lock icon Fed acts again in face of fresh evidence of a weak economy
    278 1 AP THE US Federal Reserve, amid fresh evidence of a weakening American economy, lowered another key interest rate on Wednesday, said analysts. The White House said it expected banks to follow the Fed's lead to rejuvenate consumer borrowing,
    AP  -  278 words
  • Article, Illustration
    Lock icon Shev quits in protest against hard-liners
    357 1 Agencies SOVIET Foreign Minister Eduard Shevardnadze, architect of President Mikhail Gorbachev's foreign policy reform that freed Eastern Europe and ended the Cold War, resigned in protest against conservative attacks. His resignation was denounced by President Mikhail Gorbachev, who complained that his longtime political ally
    Agencies  -  357 words
  • Article
    Lock icon US$ nears 1.5 mark, stocks fall on news
    147 1 Reuter THE GREENBACK climbed sharply against the mark in Europe yesterday after Soviet Foreign Minister Eduard Shevardnadze announced his resignation with a warning that dictatorship was taking hold in Moscow. The US unit jumped about three-quarters of a pfennig to 1.4841 mark
    Reuter  -  147 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      225 1 OF LONDON Writing Instruments I Fashion Watches Pocket Lighters Executive Gift Sets [Rinx Ms Dolly Tan for a Free catalogue today. Anton Tan Agencies Pte Ltd Tel: 272-1143 Aircraft Schedule 18 Money Market 30 World News 10,11 Commodities 31 Regional News 7,8 World Stock Markets 29 Cryptic Crossword 18 Regional
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      Page 1 Advertisements Column 2
      21 1 Fed fund rates ease to 7pc after discount cut, Pr 6 Fed discount rate cut won't avert recession: experts, Pr 11
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      Page 1 Advertisements Column 3
      96 1 I I Quadruple Zoom Auto Two-Color. 1 9. f »m*gm 2ho Focus, Pg 14 More reports from Parliament, Back Pg i j < J j Utltfjl' l£l til" ■f DINING ON |S PBj E- ,oin us a the top En j°y thc t>est Be 'i' n s IP? W cuisines
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        No visas needed to visit Mexico
        78 2 SINGAPORE passport holders no longer need to get a visa to enter Mexieo as tourists or on transit. The Mexican Embassy yesterday said the move is to promote the flow ot tourism to Mexico and to strengthen the ties of friendship and trade between
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      • Article
        Singapore-Canada joint ventures
        44 2 THE Canadian Business Association (CBA) of Singapore is organising a panel presentation on Canada/Singapore joint ventures next month. To be held at the Pinetree Club, the discussion will touch on the findings of the Singapore Manufacturers Association's recent mission to Canada.
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      • Article
        HDB celebrates 23rd year
        77 2 THE Housing and Development Board Staff Union will hold its 23rd anniversary celebration with a dinner and dance next Saturday, Dec 29. The guest-of-honour is Prime Minister Goh Chok Tong, who is also the Minister for Defence. The union will be presenting a $25,000 cheque to
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      • Article
        Serangoon JC ready
        66 2 SERANGOON Junior College, the ninth JC to be built by the Public Works Department, was handed over to the Ministry of Education (MOE) yesterday. Built at a cost of $21 million, the college stands on six hectares of land, with better features and larger floor areas as
        66 words
      • Article
        Record year for zoo
        113 2 THE Singapore Zoo has had a record year of visitors. It expects to welcome early next week its 500,000 th tourist visitor of the year. This will be the first time that the zoo has been visited by half a million tourists within a year. In
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    • Article
      More services from DBS
      107 2 SELF-SERVICE banking goes another step further with the introduction of the DBS Autobanker. Holders of the DBS Bank Card can now purchase demand drafts, cashier's orders and travellers cheques after banking hours. There are six such Autobankers at the Raffles Place and Orchard MRT stations, and
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    • Article
      Chemical industry registers 15pc growth in output
      346 2  -  By Genevieve Cua THE chemical industry continues to be the brightest spot in the manufacturing sector, posting a 15 per cent growth in output this year. The continuing Gulf crisis appears not to have dented the optimism with which the sector is viewed.
      346 words
    • Article
      January opening for CIAS Hub Distribution Terminal
      338 2  -  By Rahita Ellas GROUND handling agent Changi International Airport Services (CIAS) is set to open its Hub Distribution Terminal next month. The 3,000 sq m facility, to be dedicated to air express cargo, forms phase one of the $30 million expansion of its
      338 words
    • Article
      Light industries face dimmer prospects
      294 2 REFLECTING the dull performance of Singapore's light industries, the printing and publishing sector has seen slower growth this year while the textiles and apparel industry has suffered a large fall in export growth. The outlook for next year, according to an Economic Development Board (EDB)
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    • Article, Illustration
      Promote Asian values with confidence: BG Yeo
      400 2  -  By Claire Leow CULTURAL influence follows economic strength, and as regional economies develop, Singapore must promote Asian cultures and values with confidence, said Briga-dier-General (Res) George Yeo yesterday. Opening a seminar on "The Social Role of the Singapore Newspapers in Promoting Asian Cultures
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      126 2 Federal Express boosting operations, Shipping Times, Pg 1 A SMALL REVOLUTION IN RESOLUTION BUBBLE JET PRINTER BJ-lOe FROM CANON. Canon Bubble Jet Printer BJ-10e is a be used as a desk top item with the j| optional and convenient 30 sheet paper N v *****; 99ss f fe' 1 I
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Yeo Hiap Seng buys out partner in HK unit
      283 3  -  By Schutz Lee LOCAL food and beverage manufacturer Yeo Hiap Seng (YHS) has bought out its Hongkong partner in its subsidiary in the British colony for HKSIOO million. The acquisition was for E D F Man Pacific's 49 per cent stake
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    • Article
      Lock icon JSEDC seeks changes at Palmco
      340 3 Bernama THE Johor State Economic Development Corporation and Kulim (M) Bhd, in which the JSEDC has a 44.2 per cent stake, have requisitioned for the removal of Datuk Robert Chan Woot Khoon as chairman, and managing director of Palmco Holdings Bhd at an extraordinary general
      Bernama  -  340 words
    • Article
      Cerebos profit margins may be falling
      289 3 CEREBOS Pacific chalked up turnover of $70.3 million and a pre-tax profit of $10 million in the first two months of the Gulf crisis. This information was contained in a report on the company's two-month results, ending Sep 30, released by the listed food
      289 words
    • Article, Illustration
      Jim Bakker's park finds 'saviour'
      769 3  -  THE HOCK LOCK SIEW COLUMN MUI purchase into Heritage USA should benefit both parties By Alvin Tay "IN GOD We Trust" that was Tan Sri Khoo Kay Peng's signature tune in his chairman's statement in the 1990 annual report of Malayan United Industries (MUI). Those
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    • Article
      Singatronics expects good showing in current year
      268 3  -  By Amy Balan DESPITE the Gulf crisis and an expected slowdown in growth, Singatronics expects to do better in the current year to end-December. The electronic contract manufacturer has already chalked up higher profits in the nine months to end-September than it did
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    • Article
      Keppel Finance's scripless scheme a 'first'
      240 3  -  By Shoeb Kagda KEPPEL FINANCE, a member of the Keppel Bank group, has claimed that it is the first finance company to have financed scripless share counters under a scheme introduced by the Stock Exchange of Singapore (SES) in August. In a statement released
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    • COMPANY BRIEFS
      • Article
        Berjaya to buy 20pc Star stake from IGB
        113 3 MALAYSIA'S IGB Corp Bhd said yesterday it was selling a 20 per cent newspaper stake to Berjaya Corp (M) Bhd for M 541.4 million and would also sell its 9.9 per cent stake in Berjaya. IGB said the 9.9 stake comprising 41.78
        113 words
      • Article
        Kim Eng's $6 m consideration
        128 3 IN reply to SES queries, Kim Eng Holdings said its total consideration for a 30 per cent stake in Grand Connections Sdn Bhd (GCSB), including the amount required to increase Grand's share capital to Ms2o million, is Ms 6 million cash. GCSB was incorporated on
        128 words
      • Article
        OCBC winds up Australian arm
        44 3 OCBC Bank announced yesterday that it is winding up its wholly-owned investment subsidiary, OCBC Holdings (Australia) (OHA), to rationalise the banking group's structure. OHA's stake in the Bank of Singapore (Australia) will subsequently by held directly by OCBC Bank.
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      • Article
        More SES queries for QAF Ltd
        119 3 The SES has further queried QAF Ltd on the firm's explanation for its profit forecast shortfall. This time, the SES wants to know whether the deterioration in subsidiary Ben's marine business was sudden, whether it could have been foreseen and the cause for the
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      183 3 YOU CAN'T USE THIS CHRISTMAS. #2 "SORRY DEAR, MY SCHEDULE WAS SO BUSY, I DIDN'T HAVE TIME." No excuses now that Scotts Weitnauer has come to Changi Terminal 2. Choose from our extensive range of more than 80 top labels for remarkable value. Gift wrapped and delivered anywhere in Singapore.
      183 words
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Japan's Optique to open more outlets in M'sia
        83 4 A LEADING Japanese optieal manufacturer and distributor, Optique Paris Miki, plans to open two more outlets in Malaysia following the success of its first store in Kuala Lumpur. The store opened in October and in the last two months received overwhelming response.
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      • Article
        Indon firm to get more from deal
        111 4 THE Indonesian partner in Shell's troubled US$l.7 billion West Java olefin project, Bimantara Group, said the Dutch company has agreed to give it more equity and to divest ownership more rapidly. Bimantara director Harry Kuntoro was quoted by the Bisnis Indonesia daily newspaper
        111 words
      • Article
        Matsushita plans Manila centre
        49 4 THE Japanese electronics firm, Matsushita Communication Industrial (MCI), will set up a R&D centre in the Philippines, the trade department said on Wednesday. The centre, in Laguna province south of Manila, will focus on audio-video and computer products that MCI will be producing in Manila.
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      • Article
        Mitsui, Unisys in Czech deal
        79 4 JAPAN'S Mitsui and Co Ltd and Unisys Corp, the third-larg-est US computer maker, have received an order for a large mainframe computer and related software from the Czech central bank. The two companies are to sign the US$6.6-mil-lion contract for the machine with the Czech
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      • Article
        Kubota in electronic publishing
        36 4 JAPANESE farm and construction machinery maker Kubota Corp and magnetic tape maker Hitachi Maxell Ltd will invest in a new electronic publishing firm, called Nippon Denshi Shuppan K.K., was launched in November.
        36 words
    • Article, Illustration
      Lock icon Report sends News Corp plunging
      422 4 AFP SHARE PRICES of Rupert Murdoch's News Corp Ltd plunged in Sydney yesterday following a radio report that it would be described in a British television documentary as "teetering on the brink". According to the report, the documentary, to be screened in Britain late yesterday,
      AFP  -  422 words
    • Article
      Lock icon Jardine units to be listed in Australia
      96 4 Reuter THREE Jardine Matheson Holdings Ltd companies, Hongkong Land Holdings Ltd, Dairy Farm International Holdings Ltd and Mandarin Oriental International Ltd, said in separate statements they had obtained listing on the Australian Stock Exchange. They expect dealing in their shares to start on
      Reuter  -  96 words
    • Article
      UT takes 60pc stake in Berau Coal
      267 4 PT UNITED Tractors has acquired Mobil Coal Producing Inc's 60 per cent share in PT Berau Coal, the Jakarta Post reported on Wednesday. PT Berau Coal owns and operates a coal mining concession in East Kalimantan. "We will soon embark on the construction
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    • Article
      Charoen ties up with Toyota
      260 4 MOVING aggressively ahead, the Charoen Pokphand group of companies has embarked on an ambitious project in Indochina, where it has tied up with Toyota Corp of Japan to set up passenger car assembling plants in Vietnam as well as in China. The Nation on Tuesday
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    • Article, Illustration
      Lock icon Hongkong licence puts Li in the picture
      192 4 AFP HONGKONG tycoon Li Kashing's pan-Asia satellite television scheme came one step closer to fruition on Wednesday when it obtained a Hongkong government licence to use the British colony as its base. The 12-year non-exclusive licence was issued to one of Mr Li's
      AFP  -  192 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      479 4 YOU CANT USE THIS CHRISTMAS. #3 "BUT HOW COULD I MANAGE CHRISTMAS PRESENTS WITH ALL THIS LUGGAGE?" No excuses now that Scotts Weitnauer gift wrap and deliver anywhere in Singapore. Simply choose from our extensive range of fashion items and accessories for remarkable value while waiting for your flight. We
      479 words
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      Page 4 Advertisements Column 2
      3 4 Analysis, Pg 13
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        ICI has strong defence against EC charges
        73 5 IMPERIAL Chemical Industries pic said it has not broken European Community competition law and has put up a strong defence against EC Commission charges of alleged cartel price-fixing. An ICI spokesman said: "We can't make a detailed statement at this stage, but we
        73 words
      • Article
        Philips' law dept head quits
        58 5 ELECTRONICS group NV Philips Gloeilampenfabrieken said the head of its corporate legal department, Mr Hans Beekhuis, will leave the company from June 1, 1991. "The termination of his contract of employment... (is) in connection with a difference of opinion about Mr Beekhuis s responsibility as
        58 words
      • Article
        DEC buys Mannesmann stake
        74 5 MANNESMANN AG's long search for a buyer for its troubled computer unit, Mannesmann Kienzle GmbH, ended yesterday when US Computer maker Digital Equipment Corp (DEC) said it would pay 340 million marks for a 65 per cent stake in a new joint firm. The move is
        74 words
      • Article
        Volvo-Renault tie has potential
        58 5 SWEDISH vehicle manufacturer AB Volvo's chief executive officer, Mr Christer Zetterberg said the potential from Volvo's alliance with France's Regie Nationale des Usines Renault was much larger than previously believed. Mr Zetterberg also said Volvo faced a couple of tough years, but that there were bright
        58 words
      • Article
        Tenders to build longest bridge
        72 5 EIGHT European consortia submitted tenders, ranging between six and 10 billion crowns, to build the world's longest suspension bridge, over the Great Belt waterway separating east and west Denmark A/S Storebaelt, the state-owned firm managing the project, said. The 6.8 km long road bridge, with
        72 words
    • Article, Illustration
      Lock icon Brazil may sue car firm over soaring prices
      336 5 UPI ANGERED BY soaring prices, the Brazilian government has threatened to sue. under newly adopted antitrust legislation, a joint venture of Ford and Volkswagen, known as Autolatina, that dominates the country's car market. Joao Maia, executive secretary of the Ministry of Economy,
      UPI  -  336 words
    • Article
      Lock icon Reporter's place on board raises queries
      224 5 AP McDONALD'S Corp has appointed a syndicated financial columnist and television reporter to its board of directors, raising conflict-of-inter-est questions among editors and experts in journalism ethics. The journalist, Terry Savage, said she does not see any problems with the situation because she reports
      AP  -  224 words
    • Article
      Lock icon Nadir sells bank to raise bail
      253 5 AFP A SUM of US$25 million has been transferred to jailed Polly Peck chairman Asil Nadir in London to enable him to raise bail, a source close to Mr Nadir said in London on Wednesday. Mr Nadir had been unable to raise bail of
      AFP  -  253 words
    • Article, Illustration
      Lock icon Philips must axe 55,000 jobs or risk splitting
      270 5 AP PHILIPS president Jan D Timmer has issued his first public warning th'at the Dutch electronics giant could be split up if his 55,000-job reorganisation plan is unsuccessful. Mr Timmer's comments appeared aimed mostly at calming speculation that the 285,000-strong Philips empire
      AP  -  270 words
    • Article
      Lock icon NBC teams up with two Japanese firms
      146 5 AP THE international arm of the National Broadcasting Co has formed a joint venture with two Japanese companies that will distribute NBC programmes in the Far East and produce shows in Japan. NBC said the deal will improve its ability to distribute NBC-produced
      AP  -  146 words
  • Page 5 Advertisements
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      125 5 EXCUSES YOU CANT USE THIS CHRISTMAS. #4 j "CHRISTMAS PRESENTS? WHAT ON EARTH COULD I BUY AT THE AIRPORT?" No excuses now that Scotts Weitnauer has come to Changi Terminal 2. Choose from our extensive range of top) fashion items and accessories for remarkable value. Gift wrapped and delivered anywhere
      125 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Goldman to get 0.25pc of NCR acquisition
        105 6 NCR CORP said it would pay Goldman, Sachs Co 0.25 per cent of the value of an acquisition by American Telephone and Telegraph Co or any other acquirer if more than 50 per cent of its outstanding voting securities or its assets are
        105 words
      • Article
        Agency denies securities sale
        66 6 THE Resolution Trust Corp said rumours that it sold US$l billion of mortgage-backed securities were false. "We cannot confirm (the rumours) because we didn't do anything like that," a spokesman said. Some traders said the rumours were spread by broker dealers trying to depress the price
        66 words
      • Article
        Fed rate cut may help banks
        71 6 THE US Federal Reserve's cut in its discount rate is "well justified," and could help the US banking industry's profits, Robert Glauber, Treasury Undersecretary for Finance said. MtfGlauber, speaking to reporters after addressing a business lunch said the rate cut puts further funds into
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      • Article
        CBOT proposes new committee
        100 6 T\k Chicago Board of Trade (CBOT) board has approved a revised proposal to set up a financial compliance committee with broad authority to monitor and act on the financial hellth of members and member firms. The proposal responds to 4be unexpected bankruptcy last summer of a
        100 words
    • Article, Illustration
      Lock icon Fed fund rates ease to 7pc after discount cut
      329 6 Reuter THE Federal Reserve signalled an ease in the federal funds rate on Wednesday to 7 per cent, one day after the central bank cut the discount rate, economists said. The discount rate was cut to 6.5 per cent from 7
      Reuter  -  329 words
    • Article
      Lock icon Sharp rise in investment claims hits UK firms
      201 6 Reuter CLAIMS on Britain's finan-j cial industry compensation j scheme have risen sharply I and are likely to increase further in coming months. Securities and Investment Board (SIB) chairman David Walker said. Levies to pay for the i scheme totalled roughly £12
      Reuter  -  201 words
    • Article
      Lock icon Credit Suisse has enough capital for now
      244 6 Reuter CREDIT SUISSE already holds enough capital to comply with a court ruling requiring it to back other group companies, and does not need to raise money on the capital market now, its chief executive Robert Jeker said. Analysts had said the bank
      Reuter  -  244 words
    • Article
      Lock icon Another tough year ahead for US banking industry
      580 6 Reuter THE UNITED STATES banking industry, which has suffered a tough year of dividend cuts, layoffs and rising loan woes, is not expected to see much relief in the recessionary climate of 1991. An industry analyst at Keefe Bruyette and Woods Inc,
      Reuter  -  580 words
    • Article
      Lock icon US banks retreating from Europe to conserve capital
      673 6 Reuter MAJOR US banks have begun to withdraw from Europe in an attempt to conserve capital and increase profitability, banking analysts said. On Tuesday Citicorp became the latest in a string of US banks to announce plans for savage job cuts. At
      Reuter  -  673 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      652 6 ADVERTISEMENT sssr TIMEPIECES W PERFECTION IS A CHALLENGE II TIME IS ITS WITNESS Jf, t- Eberhard Co. Swiss made since 1887 i®B vn\ i -p-. Wright Brothers Fly First t Heavier than Air Plane 1903 December. Wilbur and weight 25 hp engine ®P- Orville Wright, two inventors viding a higlier
      652 words
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      Page 6 Advertisements Column 2
      106 6 The Big Decisions Lunch Our new Business Lunch is a big test for every decision-maker. Because the multi-course menu offers you a challenging choice of 28 gourmet dishes. These include: Venison Terrine with Blackcurrant Coulis Steamed Mussels with Shallot Butter and Herbs Salmon and Lobster Roulade in Mussel Cream Sauce
      106 words
  • Page 6 Miscellaneous
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  • THE REGION 1
    • Article, Illustration
      Lock icon Suharto inaugurates petrochemical project
      298 7 USs4l6m plant provides vital link to booming textile industry AFP PRESIDENT SUHARTO yesterday inaugurated a US$4l6 million petrochemical project which provides a vital link to Indonesia's booming textile industry, officials said. The plant, set up in the huge oil refinery complex in the Central Java town
      AFP  -  298 words
    • Article
      Exports, Seaboard growth top Thai government priorities
      445 7 THE Chatichai II government is to accord top priority to the promotion of exports and work on the development of the Southern Seaboard during its remaining 18-month term, government spokesman Pridiyathorn Davakula said. Mr Pridiyathorn was reported by The Nation on Wednesday as
      445 words
    • Article
      Lock icon Thai tit-for-tat threat to Taiwan
      179 7 AFP THAI DEPUTY Interior Minister Wattana Asvahem has threatened to stop issuing work permits to Taiwanese if Taipei takes drastic action against tens of thousands of illegal Thai workers. The state-run Thai News Agency reported yesterday that Mr Wattana called on Taiwan to help the
      AFP  -  179 words
    • NOTE BOOK
      • Article
        Slower growth expected in Asian economies
        111 7 ASIA'S newly industrialising and developing economies are likely to grow at a slower pace next year with the exception of Indonesia and the Philippines, Japan's Institute of Developing Economies said yesterday. The institute, affiliated with Japan's powerful International Trade and Industry Ministry, said gross
        111 words
      • Article
        East M'sia to cut log exports
        78 7 THE East Malaysian states of Sabah and Sarawak will export fewer logs from next year to promote local woodbased industries. Sarawak will cut log exports by two million cubic metres (70.6 million cubic feet) to 12 million cubic metres (423.8 million cubic feet). Sabah,
        78 words
      • Article
        KL tax revenue to hit M$10b
        95 7 THE MALAYSIAN Inland Revenue Department (IRD) is expected to collect a record Mslo billion in income tax this year, its director general Datuk Abu Bakar Mohd Noor said yesterday. He said up to last month a total of M 59.6 billion had been collected
        95 words
      • Article
        Suharto urges diversification
        58 7 PRESIDENT SUHARTO wants Indonesia to enhance and strengthen economic relations with the South countries in order to diversify its world trading partners. "This will in stages lessen Indonesia's dependency on trade relations with the three world economic powers Japan, the United States and the European community," Trade
        58 words
      • Article
        Runaway inflation in Vietnam
        74 7 INFLATION hit runaway levels this month in Vietnam and spread to an alarmingly wide range ot goods, the army daily Quan Doi Nhan Dan said yesterday. Rice has jumped from 1.500 to 2,200 dong (20 to 30 US cents) a kilogramme since the start of the
        74 words
    • Article
      Lock icon Indonesian export growth slows
      203 7 AFP INDONESIA'S, export growth slowed this year, with earnings rising a mere 6.2 per cent in the first eight months to US$l5.lO billion, the Central Bureau of Statistics (CBS) said yesterday. The CBS said in its latest report that earnings from oil and gas exports grew
      AFP  -  203 words
    • Article
      Lock icon Tokyo forecasts growth of 3.8pc
      483 8 Higher interest rates expected to set back investment and housing construction NYT THE economic outlook for fiscal 1991 to be released this weekend by the Japanese government will forecast growth at a real rate of 3.8 per cent, a slowdown from the estimated 5.1 per
      NYT  -  483 words
    • Article
      Lock icon Japanese banking still in good shape, says ministry
      506 8 AFP JAPAN'S Finance Ministry says the country's banking system is still healthy despite a dramatic plunge this year in Japanese stock prices and growing signs of financial weakness in the United States. "We have no worries at all about the fundamental soundness
      AFP  -  506 words
    • Article
      Lock icon Four Asian economies feel the pinch
      572 8 AFP SOUTH KOREA, Taiwan. Hongkong and Singapore facc higher inflation, slower growth and a sharp worsening of their external balance in the wake of the Gulf crisis, the OECD said on Thursday. Asia's newly-industrialis-ing economies (NIEs) are more vulnerable to the rise in oil
      AFP  -  572 words
    • Article
      Lock icon Seoul reviewing restrictions on food imports
      260 8 Reuter FACING the threat of an unfair trade complaint from Washington, South Korea said on Wednesday it was reviewing its tight controls on food imports but that a liberalised trade policy was unlikely. President Roe Tae Woo's special envoy Cho Soon, in Washington trying
      Reuter  -  260 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      134 7 The Art of Fine Cognac. I WHAT TO LOOK FOR IN I I A GENUINE I I CLASSIC COONAC. I I Sj AH fl| [IB B 9p H^B ft- m k a 1 J^En H m FONDf. E EN I 1 CORDON I Hi NtOlM CED& BOTTLED IN (OGNACFf|^^^^^^^^| N
      134 words
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      29 8 N B> All ITai Pr J I m mat Impeccably tailored apparel for up to variable golf pro-shops and selected department stores. V |$4 GOLF FASHION WEAR > fljft t
      29 words
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      Page 8 Advertisements Column 2
      69 8 Personal touch. Gracious living. Smiling, friendly faces await you at Liang Court Regencv. Elegant apartments vvith residential touches. Superb amenities for recreation, entertainment, dining out and shopping at your doorstep. A choice location near exciting Orchard Road and the central business district. And X It .mi |VIM«|».|I t.Mk li Hi.il
      69 words
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      315 9 1 r <• I 'J J *y V The 1991 Australian Gold Kangaroo Nugget There's more to the Kangaroo Nugget than just 99.99% pure gold. And the introduction be sure it's a secure investment because the Kangaroo Nugget is official Australian legal of The 1991 Australian Gold Kangaroo Nugget, featuring
      315 words
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  • THE WORLD 1
    • Article
      Lock icon EC, Efta optimistic about accord
      454 10 Agreement on single European market expected by next July Reuter EUROPE'S two major trading blocs on Wednesday gave themselves six more months to clinch an accord on a 19nation common market stretching from the Arctic to the Mediterranean. "By next July it should be crowned
      Reuter  -  454 words
    • Article, Illustration
      Lock icon EC failed itself at Gatt talks: minister
      370 10 Reuter ITALIAN Trade Minister Renato Ruggiero said on Wednesday that the EC undermined its own credibility in Gatt talks that broke down two weeks ago over a row on farm subsidies. Mr Ruggiero said the EC Commission, which negotiated on behalf of the
      Reuter  -  370 words
    • Article
      Lock icon London to maintain sterling within EMS limits
      262 10 AFP BRITAIN is "not looking for, expecting or pressing for" any change in parities within the European Monetary System (EMS), according to Chancellor of the Exchequer Norman Lamont. Mr Lamont told a news conference in London on Wednesday that his government would do
      AFP  -  262 words
    • Article
      Lock icon UK economy contracts in third quarter
      338 10 Reuter BRITAIN'S economy was given stark confirmation that it was in the grip of recession on Wednesday when the broadest measure of economic growth registered a 1.2 per cent quarterly drop, the biggest fall since 1980. The decline in gross domestic product in the
      Reuter  -  338 words
    • Article
      Lock icon More UK shops opening illegally on Sundays
      154 10 AP BRITAIN'S retailers are facing their worst Christmas selling season in 10 years as an economic downturn and 14 per cent interest rates cause Britons to pinch their pence. The sales slump, worsened by unusually cold weather, is driving an unprecedented number of
      AP  -  154 words
    • Article
      Fed discount rate cut won't avert recession: experts
      496 11 Move seen as coming too late THE US Federal Reserve's dramatic decision to cut a key interest rate effective on Wednesday will reduce Americans' borrowing costs, but won't avert a recession, say US economists. The first drop in the Fed's discount rate
      496 words
    • Article
      Lock icon German unification could mean higher US rates: report
      291 11 AP GERMAN unification could raise interest rates in the US by a full percentage point or more after 1992, according to Congressman Lee Hamilton, chairman of the Joint Economic Committee of Congress. He did not estimate what the actual rate could be.
      AP  -  291 words
    • Article
      Lock icon Gulf crisis reduced global output by 0.3pc: UN report
      319 11 UPI THE GULF CRISIS has dealt a serious blow to the world economy, reducing the growth of global output this year by 0.3 per cent, according to a UN report. The United Nations Department of International Economic and Social Affairs said
      UPI  -  319 words
    • Article, Illustration
      Lock icon Grim warnings from Gorbachev and Ryzhkov
      570 11 Reuter SOVIET Prime Minister Nikolai Ryzhkov has said that the Soviet economy is in an unprecedented decline and Western creditors are being scared off by political instability. Soviet President Mikhail Gorbachev, meanwhile, has said that unless key decisions are taken over the next six
      Reuter  -  570 words
    • Article
      Lock icon Kohl seeks new taxes to pay for cost of unification
      272 11 AFP THE conservative coalition headed by Chancellor Helmut Kohl has begun to trim promises it made to win the recent general election and is floating ideas for new levies to meet the unknown cost of unification. Mr Kohl promised there
      AFP  -  272 words
    • WORLD WATCH
      • Article
        Walesa picks economist as PM
        74 11 POLAND'S presidcnt-clect. Lech Walesa, has chosen Jan Krzysztof Bielecki of the Liberal-Democratic Congress, a small party promoting quick privatisation, as his nominee for prime minister. A government source in Warsaw said on Wednesday that Mr Walesa's selection of the 39-year-old economist followed his decision to
        74 words
      • Article
        Twin threats to South Africa
        74 11 RISING UNEMPLOYMENT and the prospect of negative economic growth could leave South Africa treading a fine line between political transition and anarchy next year. Economists in Johannesburg said on Wednesday that said South Africa needed an annual growth rate of 5 to 6 per cent
        74 words
      • Article
        S American economies worsen
        86 11 LATIN AMERICA'S gross domestic product dropped a halt of a percentage point this year and its per capita income fell 2.6 per cent, according to a grim report released on Wednesday by the Economic Commission for Latin America and the Caribbean. The commission, a branch of
        86 words
      • Article
        Castro warns of hard times
        94 11 CUBAN PRESIDENT Fidel Castro has of higher unemployment, but says the country will survive one of its most critical stages. The official Cuban news agency. Prensa Latina, quoted Mr Castro as having told a group of students from Latin America, Asia. Africa and Europe in
        94 words
      • Article
        US to consider import oil tax
        74 11 US PRESIDENT George Bush will consider taxing imported oil as part of a national energy strategy. The US Department of Energy said on Wednesday that the tax would be among some 67 policy options the department was preparing for Mr Bush. An import tax
        74 words
      • Article
        Bush, Kohl discuss trade talks
        47 11 US PRESIDENT George Bush has phoned German Chancellor Helmut Kohl to discuss the collapse of international trade talks. Presidential spokesman Marlin Fitzwater said in Washington that the two leaders on Wednesday discussed the importance to get the trade talks "started up again".
        47 words
    • Article
      Lock icon Falling European car market likely to pick up at end-91
      402 11 Reuter THE European car market will continue to shrink next year, but healthy demand in eastern Germany will temper the slowdown and sales should pick up by the end of the year, say analysts and car makers. The first quarter
      Reuter  -  402 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      299 10 iimg^M IL ~>«*flMwg^P r Saab launches the new 9000 CDi 2.3. It's in its elements when it comes to overtaking. Just like you. It's not just a matter of more power. It's more power fully integrated system that has not one, but two, electronic when you need it most. When
      299 words
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      38 11 If youre f wing to Russia,youMoscow with Fiixnair. With a superb twice-weekly service from Singapore to Helsinki and then to everywhere in Europe from Leningrad to London. Call *****77 for details. Wc know Europe from start to Finnish.
      38 words
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  • Article
    Corporation with a heart
    528 12 EDITORIAL A RATHER neat analogy suggests itself between Prime Minister Goh Chok Tong's decision to set up an education savings fund and the way a company rewards its shareholders. Part of the rationale behind Edusave. which Mr Goh announced this week, is a desire to pay
    528 words
  • WHAT THE OTHERS SAY
    • Article
      A step backwards
      232 12 CONFIDENCE in the agreement giving the United Nations a central role in ending the war and supervising free and fair elections in Cambodia is now faltering. When the agreement was first signed by the five permanent members of the United Nations Security Council last August, hopes arose
      232 words
    • Article
      Malay investment
      113 12 MENDAKI's decision to introduce a unit trust fund especially tailored for the Malay/Muslim community opens up more opportunities for the community to invest in business and participate in the economic development of Singapore. The scheme, to be launched early next year, is certainly attractive as it guarantees that
      113 words
    • Article
      Population trends
      141 12 DESPITE the incentives offered to encourage Singaporeans to have more children, this call has yet to make deep inroads into the Chinese community. The government needs to study the problems facing Chinese parents, otherwise it will not be easy to attain a breakthrough in the population growth during
      141 words
  • REGIONAL VIEWPOINTS
    • Article
      Judge on business basis
      249 12 CHINA may not understand it yet, but Hongkong knows full well that the first responsibility of a public corporation, even one synonymous with the territory, is to its shareholders. That much was clear in the reaction to the decision by the Hongkong and Shanghai Bank to
      249 words
    • Article
      Fourth Army seminar
      130 12 SEMINARS organised by the Indonesian National Army (TNI) in the past have been known as impor- tant events since they came up with conceptual breakthroughs in anticipation of the problems and changes this country had to face. Given the sociopolitical history of this country, in which nationalism
      130 words
    • Article
      A giant step
      125 12 EUROPEAN political union took a giant step towards becoming a reality when British Prime Minister John Major endorsed a final communique at last week's European Community summit in Rome, which also laid out common foreign and defence policies. Major's acceptance of the proposals in the communique, which
      125 words
  • Article, Illustration
    Lock icon It's time to show political audacity
    930 12  -  William PfafT on why Israel needs a Palestinian settlement immediately William Pfaff IHT THE confidcnce that Yitzhak Shamir expressed after his recent meeting with George Bush was a whistle in the dark. Things could scarcely be worse for Israel. They are worse, perhaps, than
    IHT  -  930 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
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      Page 12 Miscellaneous Column 1
      62 12 DOONESBURY by garry trudeau w POINT. MAPAM. s THAT ME i see MR ~7~ r ~Z~~7 r tvpEAsrcßis&isAveßYayur i iajonper if, in your view, rcNOßFft's okay, why UCATEPMATTER! ANPFKANKEY, CONGRESS HA'? ANYFOiE ,r rrv% POIE IS DON'T OUE OPEN TESTIMONY V (ONGRESt, WHATSOEVER TO PLAY IN TO BUTT TAKE: A
      62 words
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  • ANALYSIS
    • Article
      Lock icon What monetary union implies for fiscal sovereignty
      974 13 Critics of plans to create a single currency for Europe argue that one money must, in the end, mean one finance ministry. Are they right? The Economist BY definition, if the European Community adopts a single currency, governments will relinquish their sovereignty over
      The Economist  -  974 words
    • Article, Illustration
      Hard times for the media industry
      1494 13  -  Florence Chong, BTs Sydney Correspondent, reports on the woes of an industry which was once said to have a licence to print money Florence Chong, WITH the recent collapse of Australia's oldest publishing company, the John Fairfax group, banks are now the owners of
      1,494 words
    • Article
      Lock icon Wanted: Euro-executives with managerial talent
      702 13 Joint ventures in Eastern Europe are out headhunting IHT STUCK on the corporate ladder and looking for a new challenge on capitalism's latest frontier? Headhunters are searching for executives with the right mix of skills and experience for joint ventures in Eastern Europe. Novices need
      IHT  -  702 words
  • Page 13 Advertisements
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      59 13 BALLY FASHI ON 'I' ACCESSORIES liW BALLY BOUTIQUE in SINGAPORE Shaw City. Roval Holiday Inn BALLY AUTHORISED DEALERS Singapore Daima'u Dnen Boutique sefan Branches DFS& Branches Studio Accessories Hyatt Hotc Sogo Paragon Scotts Weitnauer Change Terminal 2 MALAYSIA Batty Boutigue Lot 10 Shoopmg Centre/Jorvan Shoe Kuata Lumpur Plaza Jakarta* ndonesia/RatuPtara/GajahMadaPlaza
      59 words
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  • FOCUS
    • Article
      Budgets, financial statements for president's scrutiny
      646 14 Report of the Select Committee on the Elected President Bill PRESIDENTIAL control over government reserves and assets of key statutory boards and government companies should exclude restrictions on expenditure but take into account actual revenues, the Select Committee has proposed. And in order that
      646 words
    • Article
      New proposed powers, functions and immunity
      317 14 THE ELECTED President's safeguard role on constitutional amendments should extend to those relating to the requirement for a general election, as well as the fundamental liberties of citizens, the Select Committee has proposed. Article 66 stipulating that elections must be held within three months
      317 words
    • Article, Illustration
      Candidates should be pre-qualified
      441 14  -  Reports by Anna Teo PRESIDENTIAL candidates should not be members of any political party when nominated for election, the Select Committee has decided. Noting the views of many representors who feel the President, while necessarily a "political animal", must not only be above party politics but
      441 words
    • Article
      Composition, size of the elections committee
      207 14 BASIC PROVISIONS on the establishment and composition of the Presidential Elections Committee (PEC), which will pre-qual-ify candidates, should be spelt out in the Constitution, it is proposed. The Elected President bill now provides for all aspects of the PEC to be contained in a
      207 words
  • Page 14 Advertisements
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      53 14 J he executive in search of excellence VP^VP\ Cm w '-vi&■ I v HP he x 1 the aer °dynamic powerplant, the plush the OMEGA the search is HHHHRkBr JMBHHPfcfIB®BBBEMMBHB'*!S^wBtato*«»(W*t Of*^ 7 7 OPEL-0- OFIS showroom: 921 Bukit Timah Road Singapore 2158. Tbli 468 0888 backed by the worldwide RESOURCES
      53 words
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      239 15 CONGRATULATIONS I China National Metals Minerals Import Export Corporation (China Minmetals) and Nat Steel Trade International Pte Ltd on the joint-venture establishment of MINNAT RESOURCES PTE LTD at 24 Raffles Place #26-018, Clifford Centre, Singapore 0104. The incorporation of MINNAT RESOURCES PTE LTD has today diversified into activities ranging from
      239 words
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  • SPORTS 1
    • Article, Illustration
      Lock icon A wild, wonderful year
      1069 16 AP JOHN McENROE's ouster in Australia, Jennifer Capriati's glitzy debut, eight different Grand Slam champions and a US victory in the Davis Cup highlighted a wild year of tennis in 1990. Pete Sampras, a lanky 19-year-old who serves 195 kph aces, and Gabriela Sabatini, showing off
      AP  -  1,069 words
    • Article, Illustration
      Lock icon Tournament organisers say Borg is welcome
      452 17 AP THE chief organiser of the Freich Open says six-time champion Bjom Borg would be welcome at Roland Garros if he applies for entrance to the Grand Slam tournament after an eight-year retirement. "We would respond favourably to his request," sad Philippe Chatrier, also
      AP  -  452 words
    • Article
      Lock icon British city to bid for 2000 Olympics
      471 17 AP BRITAIN has decided to enter the bidding for the 2000 Olympics, this time with buildings and blue-prints. The British Olympic Association did not choose a city to support as a potential host for the Games. But it agreed to invite bids and
      AP  -  471 words
    • SIDE LINES
      • Article
        All Blacks captain does not expect defections
        89 17 NEW ZEALAND rugby captain Gary Whetton is confident that no All Blacks will defect to the rugby league next season. "They are all keen to compete in the World Cup and I'm pretty sure no one will be switching codes," Whetton said yesterday.
        89 words
      • Article
        Bubkas join German club
        93 17 POLE-VAULTING brothers Sergei and Vasili Bubka from the Soviet Union have joined German track and field club OSC Berlin. Details of the contracts were kept secret but officials said the sums involved were not very high. Sergei, 30, is the greatest pole vaulter of all-time. A
        93 words
      • Article
        Pay-per-view boxing show
        68 17 TIME Warner Sports will begin a monthly pay-per-view boxing show with the April 19 telecast of Evander Holyfield's first defence of his heavyweight title, against George Foreman in Atlantic City. Seth Abraham, the chief executive officer of Time Warner Sports, said on Wednesday that cards would run
        68 words
      • Article
        America's Cup challenge
        57 17 THE first America's Cup practice boats for the 1992 competition arrived in San Diego on Wednesday from New Zealand, the country that mounted a controversial failed challenge for yachting's most prized trophy in 1988. With their keels shrouded in blue plastic, two scarlet-hulled yachts which will serve
        57 words
      • Article
        Tyrrell-Honda partnership
        100 17 THE British Tyrrell Formula One team worked with Honda engineers on a circuit for the first time on Wednesday in testing their 1991 car at Silverstone. Italian driver Stefano Modena, the Formula One team's number one driver since Frenchman Jean Alesi departed for Ferrari, gave the Hondaengined Tyrrell
        100 words
      • Article
        PGA Tour to tee off in Thailand
        48 17 THE PGA European golf tour in 1992 will start in Thailand. The decision follows a sponsor's announcement on Wednesday of a substantial cash boost for the Asian Classic. The inaugural version in Hongkong was won last Saturday by Britain's Nick Faldo.
        48 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      335 16 j§| if Have a traditional feast to bring on the festive cheer with deli- AMjj^^BPl^B&tißßuL honey-glazed Ham, Roast Tom Turkey stuff- Rf, HBP% fi ing, Minced Meat Pie, English Rfif Fruit Cake, Log Cake and more. w For orders, call 734 7766 ext. 126. Countdown to Christmas Buffet A glorious
      335 words
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      Page 16 Advertisements Column 2
      92 16 > |-w •it"^^'' ,i 4^Li^^4^fe fy,- C*yU <~* ffi Ytk c *M/*iL s r^^^s^^?<f»BilSlSl^JiM^Bßß /,s*. •f A. fjr, y "vV ;> •vj >. r^)f* U*' *r» s Vrj *iK fflffES^^WffijTßg^ V;^jSTi4fV $J§^g«£C '*>-:' >.* r> J%; &?^tks:?£j < v.y* 4fe v/ > irj«^^3lw^fflßik3fcwHßiS^3KK^|^^6snu@gSß |^^^BßßßBßflPW r; *~jk'C.**V *~y„■**%?:'. yrr^"<^!-, t<f »»'S^?»**Vf«^
      92 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      313 17 RI J IMXi THE ART OF COMMUNICATION. First. att w words about performance. As befits .1 transmission offering .1 convenient choice ot enthusiastic hindsome lines that have long distinguished the marque Here, a custom designed entertainment system company with an outstanding record ot motor sport success. 'sport or relaxed 'normal
      313 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1067 18 at, Flight ETA FHgtt ETO Mi MMM GA894 0010 SRI 87 0135 GA890 2225 GA970 2335 AdataMa SQ227 2130 Ammh RJ182 1445 fantrnl— KL835 1505 KL836 0650 SQ24 2215 GA890 2225 SQ45 0805 SQ24 2215 Auckland NZ35 1530 BA11 1255 SQ338 2030 SQ325 2115 BA12 2150
      1,067 words
    • Article, Illustration
      A time for noisy family gatherings
      514 18  -  LETTER FROM ROME By Charles Ridley Despite a trend among richer Italians to take exotic vacations or skiing holidays at Christmas, most ordinary families stick with the old motto: "Christmas with your own folk, Easter with whomever you want." That means Christmas is spent
      514 words
    • Article
      MONEY CHANGER RATES
      152 18 As at 3pm yesterday: Ixical dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3260 1.3460 Canadian dollar 1.4780 1.5180 NZ dollar 1.0100 1.050 Sterling pound 3.3200 3.3500 US dollar 1.7280 1.7380 liocal dollars to 100 units of foreign currency Austrian schilling 16.25 17.25
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      107 18 Duration Title Venue Organiser Td Jan 16-20 Tourism Netherlands Komnklijke (31)30/*****1 Recreation Fair Nedcrlandse Jaartoeurs Jan 19-27 International Germany Stuttgarter (46)711/2589-0 Exhibition For Messe Und Caravaning. Kongress Motoring. Tourism Jan 21-24 Middle East Manama. Arabian Exhibition 973/*****3 Computer Show Bahrain Management WLL Jan 23-27 International Madrid IFEMA
      107 words
  • Page 18 Advertisements
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      87 18 I) J J THE I BLACK I BARDOT I The girl from South H V London who H conquered the I A fairy-tale rags-to I -riches story. I queen I I MR NICE I A .Of 1C I I GUY I AUCTIONS I The woman who rose I Lim Kay
      87 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      306 18 1 A way of drawing the inde- Lm H pendent J|[ H 5 Picture little short of new 111 business (6) 1 _L_L__^B__L_L_L_L_ 9 Goes on about the wrong Hi |HriHf IH men getting 8 (8) __^BL_ JML_JBL_-JBl— 10 Very big nurse's place on 12 the Continent (6) "Moss" com-
      306 words
    • Miscellaneous
      Page 18 Miscellaneous Column 2
      212 18 Singapore Outlook: Occasional showers around midday and in the afternoon. Forecast Maximum temperature 31.6* C Assoc humidity 71% Minimum temperature 23.8* C Assoc humidity 97% Hours of sunshine 6.55 Rainfall in mm 1-2 Rainfall this month 200.2 Rainy days this month 14 World forecast Asia-Pacific Hi/I-fl* Cond. Auckland 23/18 Fair
      212 words
    • Miscellaneous
      Page 18 Miscellaneous Column 3
      35 18 f T£LL I'D 6>C BUT" 5C f S\R Rcginbld P* C-ONC&L 000 Pne 1 fßom soap*- co^miT^e TMBT uxll SRV A Few \uLI, \u>o*DS fvr C.VRI AND PF\MC£. lS^ c= -i w»mift«Til*u«n«lLTn IM3-IMO WdL, 0396
      35 words
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      223 19 THE PROMENADE UNQUESTOsIABIY I -f//A*£ f &%^AiA s! V_/ '^^1 For a wishful few, life's luxuries begin with an experience with some of life's basic necessities. Like a teddy bear. And come this Christmas, shoppers of The Promenade will cherish a I remarkable gift. Because, with every Christmas teddy bear
      223 words
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      Page 20 Advertisements Column 1
      201 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Some of our best advertising is by word-of-mouth. For outstanding haute cuisine in surroundings of unashamed V opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext
      201 words
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      Page 20 Advertisements Column 2
      345 20 Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist. Experience Hyatt Regency Singapore s new ScoCLs Lounge. t •1 w Hvjn Regency Singapixt* 10-12 Scoßs R<ud Singapore 0922 Tel; 733 IW /||W \a
      345 words
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      Page 20 Advertisements Column 3
      294 20 Have Poolside "BBQ Buffet" Under the Stars! 1 Ncm; hesuies our weekend f steamboat buffet is the new "all-you-can-eat'Barbeque Jm Buffet "J ,-m Aiiult SIS-H- Child: $9++ 1 Steamboat Buffet* "T"' f Adult: $1250++ Child: $B++ So head for Sky Garden Y» 5 Rxilside where you gt more nt than
      294 words
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      Page 20 Advertisements Column 4
      359 20 c72as6a/L H "The Dream Unfolds Anew" Let your nights awaken to new wonders. Come back to our dream oasis of music and magic the newly refurbished, invigorated Kasbah where the magical nostalgic past, the glittering present and the shimmering promise of the future meet. Each night is a flight into
      359 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      780 20 TELEVISION AND RADIO <"* MHt n '■■""IT AO 1 >.:■, Mw :<••■• ■m jr 1 1 il I_„ T SBCI2 :|«aaiS*«* S3 business on radio ThP Irfl W 9.40 H.rdb,» -Wcddmg Bell 645 "J** BBC, 89.9 mHz 111 VHF Band N IV A 111 jjllj O UIW Id TV 1M
      780 words
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  • LIFESTYLE
    • Article, Illustration
      Christmas tinsel
      797 21  -  Bernd Debusmann shows how those whose wallets are recession-proof will celebrate this Christmas and beat the US luxury tax into the bargain Bernd Debusmann FOR the really rich, this is the season to be merry and beat the taxman. Spend $580,000 on a dia-mond-and-emerald necklace from Tiffany's new
      797 words
    • Article, Illustration
      Soviets finding Christmas again
      439 21  -  With glasnost, says Michael Collins, Christmas in the USSR is again taking on a religious cast Michael Collins SEVEN decades of official atheism made the USSR's communist government the "Grinch who stole Christmas", leaving behind the secular celebration of New Year's Eve as the main mid-winter
      439 words
    • Article
      Goodfellas bags three major film awards
      332 21 CHATTERBOX GOODFELIAS. an unsentimental look at organised crime, its director Martin Scorsese and star Robert l)e Niro were awarded top honours by the New York Film Critics Circle on Wednesday. The movie was named Best Film of 1990, Scorsese Best Director and Robert De
      332 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      250 21 AND ENTERTAIN High Fashion A. THA Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. ANA HOTEL lb NASSIM Mill. SINCiAPOKI IC-Ji III: 7 *2 1222 SINGAPORE The Neu Faces mm' m m If your
      250 words
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      Page 21 Advertisements Column 2
      70 21 b^/ O Menu kr 10 persons f BSr ESsl t3j Lobster Cold Dish |CJ f Sharks Fin with Crab Meat The Beggar Chicken Sliced Fish in Pineapple Prawns with Dried Red Chilli Stufl Marrow with Minced Moat Three Layer Special Dishes Braised Noodles with Shredded Ch .ken l| if! Dessert
      70 words
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      Page 21 Advertisements Column 3
      352 21 I FESTIVE WINING (5 AND DINING AT JOH N ag C HRISTMAS EVE BUFFET DINNER CSI $36 (Adult) SI6 (Child under 12) 1 9()0 hours to 22 BO hours IgNZfl CHRISTMAS DAY BUFFET BRUNCH B9 $28. (Adult) Sl5 (Child under 12) HBM 1100 hours to 1430 hours NEW YEARS EVE
      352 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Computer snag cuts trading to two hours
      4334 22  -  By William Chia SHARE PRICES on the Singapore stock market closed mixed in shortened trading hours yesterday after a computer fault led to suspension of trading from the start to 4.05 pm. An official from the Stock Exchange of Singapore confirmed that there
      4,334 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3949 23 Main Board Melro Hldg.s 535 t-51 t 10.5% lsclan5C 550 H5 2.8% SW Foreign 244 f 14 (6.1% UE 180 HI 6.5% F&N 665 HO f 1.5% H Roval W4 HO +5 4% FF.LSWt 146 7 5.0% NalStccI 775 *-5 H>.6% UOB Foreign 630 5
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  • BT SHARE INFORMATION SERVICE
    • Article
      APPROVED ISSUES
      233 24 Company Rights Issue Caioeway tov Three for four g, {0 60 per share Ei-date Dec 10 Books dose Dec 20 Acceptance Payment NYA CMA five-for four fc. MS* 00 per share Ex-date Nov 23 Books close Dec 7 Acceptance Payment Ian 22 Emtei One-tor one (a. MS I
      233 words
    • Article
      AUDITED RESULTS
      198 24 > Company Date Year Group Net Met earnings Gross ann to profit/loss (L) per share dividend (000) (cents) Ceiebos Dec 14 Jul 90 $38,911 ($33.777) 126(11 3a) 20TEa(9TEa) 1AM Dec 13 tun 90 $1.418($452) 4 3(15) 2(1) Wing Tai Dec 11 Jun 90 S9.458($19.684) 5 4(12 3) 16(16)
      198 words
    • Article
      RESULTS DUE
      799 24 Singapore Stocks Last Full Year Company Penod Date Year Net EPS Grots Net anmnced endkij (cents) <*v profit last year < J'000) Leon( Interim Mar 30 Dec 8S 5351(h) CMB Padujnf Interim Nov 13 Dec 90 29 7 132 11.616(e) Pdytek Interim Nov 15 War 91 98 30TE
      799 words
    • Article
      BONDS, LOANS & WARRANTS
      800 24 BONDS, LOANS WARRANTS Company Conversion period Conversion term lor one ordinary share CK Wt Before ?6 4 93 1 warrant ptus $3 09 cash Causeway loan Causeway Wt 2 10 '89 to 20/10/94 1 warrant plus $1 cash or 1 warrant plus SI nominal amount of loan stock Chuan lip
      800 words
    • Article
      DIVIDENDS ANNOUNCED
      842 24 Current Ex Books Date Total tar Total tar payment date ctase payable the year last year MS8 10% (b) Jan 4 Ian 18 Ian ?8 10% 12% AMP NYA Dec 14 Ian 3 Feb 15 NYA 28% Amal Steel 126%(b) Nov 29 Dec 13 Jan 21 126% 8%TE
      842 words
    • Article
      PRELIMINARY RESULTS
      143 24 Co—pany Date Year Group pre-tax Net earnings Gross ana to profit/loss (L) per share dividend (000) (cents) Avimo Dec 19 Sep 90 $2.745L(S11.287) —(14.7) 125TE(25TE) Aearnes Dec 19 Sep 90 $52.097($43.112) 128(24 9a) 16(14 4a) NST Dec 18 Aug 90 M$80.274($35.445) 67 2(21 8) 20(18) Asia Pacific Dec
      143 words
    • Article
      INTERIM RESULTS
      241 24 Company Date Half-year Group pre-tax Interim ann to profit/lo*s (L) dividend COOO) Paslnd Hussain Dec 17 Nov 90 MS21,004(510.862) I Set Oredg Dec 17 Sep 90 MS2.547(S1.881) m Eng Dec 14 Sep 90 56.013(58.526) Choc Products Dec 10 Sep 90 M$1.801(S1.180) <-) QAF Ltd Dec 8 Sep 90
      241 words
    • Article
      PROPOSED ISSUES
      355 24 Company Rights Issue Alcorn One tor two Mil 00 per share Issue of *0m Cumutative Redeemable Preference Shares o* M$0 10 each at I MSI per share with 10m detachable TSR Bolton One tor-four <a M$2 00 per share I FAC8 Capital Reduction Scheme to reduce par value
      355 words
    • Article
      RECORD HIGHS & LOWS
      147 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 h«h: 1435 43 (16/7/90) 1990 h«h: 1607 12 (27/3/90) 1990 low: 981 07 09/11/90) 1990 low: 1079.50 (11/10/90) 1989 htfv 1322 00 28/12/89) 1989 Nfh: 1487 76 26/12/89) 1989 low: 917 42 (4/1/89) 1989 low: 1030 69 (4/1/89) 1988 h«h:
      147 words
    • Article
      COMPANY MEETINGS
      399 24 Amtek Engineer** Ltd: 10th AGM EGM at the Meridien Room. Hotel Equatorial Pte Ltd. 429 Bukit Timah Road. Singapore 1025 on Friday. Dec 21, at 2.30pm. City Developments Ltd: EGM at 16 Raffles Quay #26-00, Hong Leong Building. Singapore 0104 on Friday. Dec 21, at 11.30 am. Material
      399 words
    • Article
      CORPORATE DEVELOPMENTS
      266 24 Dec 19 Smgmarine Industries' subsidiary. Singmarine Dockyard Engineering, has clinched about $17m worth of ship-repair and shipbuilding contracts from owners in the Asia-Pacific region. Dec 18 The Kuala Lumpur Stock Exchange announced that trading will cease at 12.30pm and Its office close at Ipm on Christras Eve and
      266 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      156 24 I THE GROWTH TRIANGLE A Special Business Times Survey February 26, 1991 The Growth Triangle began casually as an idea. Singapore. Batam. Johor. Singapore has a rich pool of managerial talent. Batam and Johor are rich in natural resources, land and labour. Combine the three and they make a triangle
      156 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market sags on weaker overseas bourses
      3987 25 Bernama SHARE PRICES on the Kuala Lumpur stock market closed lower yesterday under selling pressure as investors reacted to the downturn on the Tokyo market and in other Far East bourses. However, selected issues linked to the key index managed to inch up from
      Bernama  -  3,987 words
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  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Prices finish slightly easier in quiet session
      1978 26 Reuter SHARE prices closed slightly lower yesterday as profit-taking followed the previous two days' gains, brokers said. "It was extremely quiet, and it's likely to stay that way until we get a breakthrough in the Gulf," said Andrew To, research director at Peregrine
      Reuter  -  1,978 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      164 26 m r !!|EHPP jpj \JUf ■L i of our ongoing efforts to give you the best, we've H* HI II opened a new office here in Singapore! Headquartered in the Shahzan Prudential Tower, we're one of Malaysia's most prominent conglomerates, Hill with diversified interests in manufacturing, property, Hill leisure and
      164 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Profit-taking pushes shares down 351 points
      2228 27 Reuter TOKYO stocks closed down and near their lows in sluggish and featureless trading yesterday after two days of rises prompted investors to take profits. The dollar's advance against the yen, particularly in late afternoon, spurred further selling, brokers said. "The market is resting
      Reuter  -  2,228 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      381 27 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290<2)(b) AND IN THE MATTER OF < SINGMA NOMINEES PTE. LIMITED At an Extraordinary General Meeting of the above named company duly convened and held at 6001 Beach Road. #12-01 12-11 Golden Mile Tower, Singapore 0719 on
      381 words
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      Page 27 Advertisements Column 2
      349 27 NOTICK AURIC PTK I.TD (In Members' Voluntarily liquidation) At an Kxtraordlnary General Meeting of Auric Pte Ltd held on 21st December 1990, the following special resolutions were duly passed. 1. •'That the Company be wound up voluntarily and that Mr Tan Glm Soo of Messrs G. S. Tan Co., Certified
      349 words
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      Page 27 Advertisements Column 3
      316 27 IN THE MATTER OF NEW ISLAMIC RESTAURANT PTE. LTD. (la Velutery Liquidation) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 17 Phillip Street #05-02, Grand Building, Singapore 0104 on the 13th day of December 1990 the Special Resolutions
      316 words
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      Page 27 Advertisements Column 4
      360 27 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF JACOBS YOUNG WESTBURY (SINGAPORE) PTE LTO (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap 50, that a Final Meeting of the Members of
      360 words
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      Page 27 Advertisements Column 5
      324 27 IN THE MATTER OK EXPORAMA PTE LTD (la WlilUry Liquidation) MEMBERS' VOLUNTARY WINDING-IP At an Extraordinary General Meeting of the members of the above-named Company duly convened and held at 17 Phillip Street »05-02. Grand Building. Singapore 0104 on the 15th day of December 1990 the Special Resolutions set out
      324 words
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      Page 27 Advertisements Column 6
      313 27 IN THE MATTER OK I.EGION IMPEX PTE I.TD (la ValaaUry liquidation) MEMBERS' VOU'NTARY MINDING P At an Extraordinary General Meeting of the members of the above-named Company duly convened and held at 17 Phillip Street *05-02. Grand Building. Singapore 0104 on the 15th day of December 1990 the Special Resolutions
      313 words
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      Page 27 Advertisements Column 7
      321 27 IN THE M ATTER OK NORTON INVESTMENTS PTE LTD (la Yalaalary liquidation) MEMBERS' VOLINTARY WINDING-CP 1 At an Extraordinary General Meeting of the members of the above-named Company duly convened and held at 24 Raffles Place *25-04. Clifford Centre. Singapore 0104 on the 15th day of December 1990 the Special
      321 words
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      Page 27 Advertisements Column 8
      286 27 NOTICE MINIMAX PRI\ ATE I.IMITKO (la Member*' Voluntarily I lq u Id a lion Al an Extraordinary General Meeting of Mlnlmax Private Limited held on 21st Derem- her 1990. the following special j resolutions were duly passed 1. "That the Company be i wound up voluntarily and that Mr Tan
      286 words
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      Page 27 Advertisements Column 9
      275 27 THINK! Before you make your move, read EXECUTIVE APPOINTMENTS Business Times NOTICE INDI SPAk SINGAPORE (PTE) LTD (la Members' Yaluataril) liquidation) At an Extraordinary General Meeting of Induspak Singapore (Pie) Ltd held on 21st December 1990. the following special resolutions were duly passed 1. "That the Company be wound up
      275 words
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      Page 27 Advertisements Column 10
      379 27 METACO PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap 50, the Final Meeting of the members of the abovenamed company will be held at the Liquidators Office 2 Finlayson Green 009-12 Asia Insurance Building. Singapore 0104, on Friday 25
      379 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks plunge to 33-month low
      • Article
        SYDNEY
        346 28 AUSTRALIAN shares tumbled across the board yesterday, led by a dramatic slump in media group News Corp and sharp falls in bank stocks, to close at a 33-month low. Dealers said the industrial sector led the way down, with panic selling of News Corp sending the stock to a
        346 words
      • Article
        BANGKOK
        619 28 THAI stocks closed lower in thin trade yesterday on concerns about the Gulf crisis and rising local interest rates, brokers said. The SET Index fell 6.90 points to 616.68 with a low turnover of 1.08 billion baht. Losers led winners five to one. Siam Cement fell 40 baht to
        619 words
      • Article
        MANILA
        477 28 PHILIPPINE stocks, stirred by a new oil find off Palawan island, closed higher for the second day running yesterday, brokers said. Manila's composite index closed 10.14 points higher at 667.59. Analysts said confirmation that the West Linapacan wells were of commercial quantity, with estimated reserves of 100 million barrels,
        477 words
      • Article
        TAIPEI
        327 28 TAIWAN stocks closed higher on thin turnover yesterday. Dealers said investors thought the market had reached bottom. The weighted index gained 101.81 points, or 2.7 per cent, to close at 3,928.90 compared with Wednesday's 3,827.09 finish. Turnover was NTS2B.S billion, the thinnest since November 3, against NTS3S.B billion on
        327 words
      • Article
        NEW ZEALAND
        347 28 THE New Zealand bourse ended little changed yesterday despite brokers' generally warm reception of the government's economic statement on Wednesday which slashed spending. "It's just a pity that the statement came just as we were staring down the barrel of Christmas," said Buttle Wilson's John Rowley. "The market
        347 words
      • Article
        SEOUL
        793 28 SEOUL stocks closed barely changed in moderate trade yesterday after intervention by the stock stabilisation fund in late trade pulled the index up from morning lows, brokers said. The composite stock index closed at 698.04, up 0.5 point from Wednesday's close. Turnover was a moderate 198.5 billion won compared
        793 words
      • Article
        Lock icon JAKARTA
        619 28 Reuter JAKARTA stock prices closed little changed yesterday, with the official index edging up 0.37 point to 398.24 and volume rising to 7.45 million shares from Wednesday's 6.48 million. Trading was very active on the big board, with Semen Cibinong dominating the market on turnover of 3.94 million shares.
        Reuter  -  619 words
      • Article
        Untitled
        1078 28 Close Previous Dec 20 SYDNEY All Ordinaries Index 1,276.6 1,284.0 -7 4 All Industrials Index 1,943.8 1,964.7 -20 9 All Resources Index 762.4 760.6 +1.8 Turnover (million) 117.24 84.14 +33.10 BANGKOK SET Index 616.68 623 58 -6.90 Turnover (million) 1,080.0 JAKARTA Composite Index 398.24 397.87 +0 37 MANILA Composite Index
        1,078 words
  • Page 28 Advertisements
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  • WORLD STOCK MARKETS
    • Shevardnadze's move dampens markets
      • Article, Illustration
        NEW YORK
        1102 29 WALL STREET'S celebration over a long-awaited cut in the discount rate proved short-lived as investors returned their focus to the anaemic economy and the prospects of weak corporate results. Shares ended narrowly mixed on Wednesday, with the Dow unchanged at 2,626.73, but the broad market was ahead four
        1,102 words
      • Article, Illustration
        LONDON
        811 29 U K SHARES were sharply lower at midday yesterday after the surprise resignation of Soviet foreign minister Eduard Shevardnadze heightened concerns about the country's stability. Dealers said the resignation could further erode President Mikhail Gorbachev's already shaky hold on power. "It's very difficult to know what this means for
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      • Article
        AMSTERDAM
        294 29 DUTCH shares traded lower on yesterday morning with the market unnerved by Soviet Foreign Minister Eduard Shevardnadze's resignation, dealers said. The CBS general tendency index was 1.3 points lower at 94.4 at 0955 GMT, having fallen from an opening of 95.4. "Shevardnadze's resignation is the only real news in
        294 words
      • Article
        BRUSSELS
        167 29 BELGIAN shares started mixed in moderate pre-Christmas trading yesterday, although the preferred stock of armsmaker FN rocketed, dealers said. Chemicals firm Solvay, fined by the European Community on Wednesday in an anti-trust case, slipped 75 francs to 10.400. FN stock collapsed after most of the company was taken over
        167 words
      • Article
        FRANKFURT
        320 29 GERMAN share prices opened 2.41 per cent lower following news that Soviet foreign minister Eduard Shevardnadze had resigned. One trader said: "This is bad news for the markets. I can imagine prices will go down sharply on the news because it raises new doubts about developments in the Soviet
        320 words
      • Article
        PARIS
        202 29 THE shock resignation of Mr Shevard- nadze propelled French share prices lower, but they quickly stabilised and then trimmed losses in nervous midsession trading. Dealers said the modest recovery of the franc against the mark helped check the fall, but they said the overall trend remained uncertain given extremely
        202 words
      • Article
        STOCKHOLM
        102 29 PRICES on the Stockholm bourse fell sharply in thin early trade in reaction to Shevardnadze's resignation as the Soviet foreign minister, dealers said. "This was very negative news, and especially his comments (about possible future dictatorship)," one dealer said. By mid-morning, the general index had lost 1.25 per cent
        102 words
      • Article
        TORONTO
        223 29 TORONTO stocks followed the lead of gold shares and rallied in late trade as tax-loss selling pressure began to ease, dealers said. 'Usually markets are buoyant this time of year,' Don Vialoux, vice president of Richardson Green- shields of Canada Ltd said. Friday is the last day of trading
        223 words
      • Article
        MILAN
        227 29 ITALIAN share prices opened sharply lower yesterday following news Soviet foreign minister Eduard Shevardnadze had resigned. The MIB all-share index was two per cent lower at 1000 GMT with the underlying trend pointing to a loss of 2.7 per cent. "The news about Shevardnadze is a bomb. It could
        227 words
      • Article
        Lock icon ZURICH
        260 29 Reuter SWISS shares opened quietly lower as overnight losses in Tokyo depressed sentiment. The SMI index of leading shares fdl 11 points to 1,375.7 in the first 15 minutes of trading. Traders said high interest rates and year-end selling also weighed on the market. Most banks opened slightly easier,
        Reuter  -  260 words
      • Article
        Untitled
        399 29 Dec 19 Close Previous NEW YORK Dow Jones 2.626.73 2,626 73 unch NYSF Financial 123.27 122.32 +0.95 S&P500 330 20 330.05 >0.15 Turnover (million) 180.4 176.5 +3.9 LONDON Financial Times 30 1.707.1 1.694.2 16.9 FTSE 100 2.178.7 2.161.8 12.9 Turnover (million) 509.3 575.3 -66.0 AMSTERDAM CBS Tcndencv Index 95.7 95
        399 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ up sharply on news of Shevardnadze's resignation
      1234 30 REPORTS THE US DOLLAR rose sharply in Europe yesterday after Soviet Foreign Minister Eduard Shevardnadze said he was resigning and traders said the US dollar could quickly rally to 1.50 marks. The US dollar was 1.4836 marks by 0925 GMT yesterday. Dealers
      1,234 words
    • Article
      INTERBANK FOREX RATES
      392 30 Cross rates Dec 20 j USS SS MS Dm Yen SFr AS NZS USS 1.7275 2.7005 1.4775 134.00 0.5173 1.2675 1 2987 1.6949 SS 0.5789 1.5632 0.8553 0.7757 0.2995 0.7337 0.7518 0.9811 MS 0.3703 63.97 0.5471 0.4962 0.1916 0.4694 0.4809 0.6276 Dm 0.6768 1.1692 1.8277 90.69 0.3501
      392 words
    • Article
      MONEY MARKET
      566 30 Interbank rates SS Bid Offer Overnight 2 2 1/2 1-month 5 1/8 5 1/4 2-month 5 3/16 5 5/16 Vmonth 5 1/4 5 3/8 Overnight mode: 4 INS Bid Offer 7 days 7 3/8 7 1/2 1 month 8 1/4 8 3/8 2 months 7 15/16 8 1/16
      566 words
    • Article
      Lock icon Declining US dollar seen bottoming out: experts
      570 30 Reuter THE ONCE MIGHTY dollar skidded this year to its lowest levels ever against some major currencies, but it should soon hit bottom and begin to climb again next year, according to experts. The dollar, long sought around the world for its supposed
      Reuter  -  570 words
    • Article
      FINANCIAL FUTURES
      1168 30 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Mar 91 92.81 92.82 92.78 92.79 5600 ***** ***** Jun 91 92.87 92.87 92.85 92.85 1600 9676 7101 Sep 91 92.72 92.73 92.70 92.70 900 3380 1469 Dec 91 92.40 92.40 92.36 92.39 300 3439 292 Mar 92
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  • COMMODITIES
    • Article
      Lock icon Lower output, stock depletion likely to boost coffee prices
      414 31 Reuter ARABICA coffee futures are expected to climb as high as US$l.lO a lb next year as a potential drop in world production and expected depletion of abundant consumer stocks boosts prices, analysts said. Coffee for March delivery at the Coffee,
      Reuter  -  414 words
    • Article
      Lock icon Mitsubishi, Mitsui launch partnership commodity funds
      266 31 Reuter MITSUBISHI CORP and Mitsui and Co have each launched limited partnership commodity futures funds, spokesmen for the trading companies said. Mitsubishi's partnership will be funded at 7.5 billion yen and Mitsui's at five billion when fully subscribed. Each will invest about 60 per
      Reuter  -  266 words
    • Article
      Kuala Lumpur tin price hits a four-year low
      839 31 REPORTS THE Kuala Lumpur Tin Market fell to its lowest in more than four years yesterday when the price of the metal hit M$ 15.01 per kg, and traders said the price level was expected to dip below Msls soon. The price
      839 words
  • Article
    PRICES
    1398 31 Rubber Dec 20 I HAS (fc» hi totw) S cents/kg Noon Close Int 1 RSS Prompt 151.25/152 25N 151.25/152.25 Int I RSS Jan 91 150.50/151.00 150.50/151.OON Int I RSS Feb 151.50/152.00 I5I.50/I52.00N Int 2 RSS OP 148.00/150.00N 148.00/15O.00N Int 3 RSS OP I43.00/145.00N 143.00/ 145.00N Int 4 RSS OP
    1,398 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      7 31 Executive Jobs every Saturday in Business Times
      7 words
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      Page 31 Advertisements Column 2
      798 31 NOTICES LOST SHARE CERTIFICATES Applications have been made to the Directors of the undermentioned Companies to issue duplicate share certificates in place of the following share certificates which have been reported lost or destroyed: INTRACO LIMITED Ms Certificates No Name of $1* tack *****60/97 C DBS Nominees Pie Lid 2*looo
      798 words
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  • Article
    Amended Act makes squatter clearing easier
    410 32  -  Yesterday In Parliament By Elaine Koh SQUATTER clearance, a project that has been ongoing for the past decade, will be made easier with more teeth given to the Building Control Act. Under the Building Control (Amendment) Act, passed in Parliament yesterday, the Building Control
    410 words
  • Article
    US to begin military training in Singapore in March
    323 32  -  By Harish Mehta THE US will begin its first military deployment in Singapore in March next year, raising the number of US naval and air force personnel assigned here to about 95 from the present 20-plus. The Senior Minister of State
    323 words
  • BRIEFS
    • Article
      Freer rein on Totalisator investments
      144 32 A BILL giving the Singapore Totalisator Board more flexibility to invest its surplus funds in stocks, funds and securities was passed yesterday. Explaining the rationale behind the Bill, Minister for Finance Dr Richard Hu said that under the existing provisions of the Singapore Totalisator Board
      144 words
    • Article
      Two-room flats to be upgraded
      72 32 PtXWI Y-()f.SKiNH) one-r»*»m Housing and Development Riiard flats null he phased imt gradually, while two-room flats nVntifwd mention smill he refurbished. National Dcvelopmrm Mmtaer S Dhanahalan vatd that for a start. 716 units of rrniil tlji\ in three derminM ration precincts of the priftimmr he
      72 words
    • Article
      Schooling study
      147 32 THE Education Ministry is conducting a comprehensive study of the problems facing parents regarding their children's education when the parents have to live overseas. Education Minister Dr Tony Tan said his ministry would finalise its study and announce its proposed measures in the first quarter of next year.
      147 words
    • Article
      SGH has 156 Class C beds
      60 32 THE Singapore General Hospital has a total of 156 Class C beds, the first 40 of which were opened in October with another 116 opened in December this year, said the Minister for State (Health) Dr Aline Wong in reply to a question on
      60 words
    • Article
      Buffer for the Singapore dollar
      52 32 H I < Iwk) t«> *.t a\ W lt«liiKii«\ Jflj ■m Mp m w■ lo iht* v < 1 '*r> Ml pn*r few- I «<»» V imwi i 4b ■MM MM* a i I 4MM« I m 'Ik i».I Mb it to* *b m> <m»
      52 words
    • Article
      Parking amendments
      56 32 HI I 1. was introduced amending the Parking Places Act to jlkm the Director-General of Public Works to take over from the I rhan Redevelopment Authority the function of regulating jnd control ling public and private parking places. The Hill *hn.h also enhances penalties, was introduced in Parliament
      56 words
    • Article
      NMPs take their oaths
      25 32 ullfs <4 dtryvuhr \skcn h\ the two Vwninated v* 4 FeHwwfN \wvuii Mjumr fc. i M»«« ml M* I < Wt *Hvc
      25 words
  • Article
    Oil companies prepare for launch of unleaded petrol
    463 32  -  By Lilian Ang OIL COMPANIES in Singapore are locked in a neck and neck race to pave the way for the launch of unleaded petrol (ULP) at their service stations on Feb 1 next year. Caught slightly ofT-guard by the government's decision
    463 words
  • Article
    Lock icon Japan forecast to be mainstay of growth
    366 32 AFP JAPAN is set to be a "mainstay" of growth in the industrial world over the next two years in spite of the rise in oil prices, according to the Parisbased Organisation for Economic Cooperation and Development (OECD). It set the expansion of
    AFP  -  366 words
  • Article
    Lock icon US denies setting Jan 15 as date for attack on Iraq
    313 32 The Gulf Crisis Agencies US OFFICIALS have denied Washington had ever set Jan 15 as the day its forces would strike at Iraq if it failed to quit Kuwait, but warned President Saddam Hussein the mid-January deadline was in
    Agencies  -  313 words
  • Page 32 Advertisements
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  • Shipping Times
    • Article, Illustration
      Federal Express boosting operations in S-EA
      521 33  -  By Rahita Elias US-BASED Federal Express is boosting its South-east Asian operations with more flights to the region a brand new US$5OO,OOO facility at Changi Airport. To further expand its presence in Thailand, the company will also take over the operations of its general
      521 words
    • Article
      Lock icon Garuda plans flights to China and more Asian services
      323 33 AFP. Jakarata Post NATIONAL carrier Garuda Indonesia plans to open flights to China and expand its services to Singapore, Taiwan, Japan and Australia, the official Antara news agency said yesterday. Garuda was now awaiting government approval to open twice-weekly flights from
      AFP.; Jakarata Post  -  323 words
    • Article, Illustration
      BA to launch final phase of cabin service upgrading
      286 33 BRITISH Airways (BA) is poised to launch the final phase of a cabin service upgrading programme next month to capture a bigger slice of the air travel pie. Kevin Steele, BA manager for South-east Asia, said yesterday that some £50 million
      286 words
    • Article
      Lock icon Gulf chartering dominates market
      215 33 Reuter THE TANKER MARKET remained dominated by active fixtures from the Mideast Gulf to Western destinations as charterers tried to secure tonnage ahead of the Jan 15 deadline for Iraq's withdrawal from Kuwait. Brokers said chartering activity was hectic and worldscale rates in the high 70s
      Reuter  -  215 words
    • Article
      Lock icon Air NZ-Qantas deal on Pacific routes
      205 33 Reuter AIR New Zealand Ltd has struck a commercial alliance i with Qantas Airways Ltd of i Australia to rationalise Pacif- I ic routes. 1 In April, Qantas will with- 1 draw its three times per week v Los Angeles-Auckland return service and buy
      Reuter  -  205 words
    • Article
      HQ Link to hold telecom exhibition in Manila
      312 33  -  From Al O Labita IN MANILA HQ LINK Pte Ltd. a Singa-pore-based company, will launch in Manila early next year what it described as Asia's biggest telecommunications exhibition. Set for May 15-19, the exhibition, dubbed Telecomex Asia 91, will showcase the state-of-the-art
      312 words
    • NEWS SUMMARY
      • Article
        An airliner designed by airlines
        78 33 MORE than any of its predecessors, the Boeing 777 will be shaped by consensus. In a fundamental shift in the way it brings out a new plane. Boeing Co asked eight airlines to help it draft a design, which will be made final early next
        78 words
      • Article
        PanAm directors meet on TWA's bid
        45 33 PANAM's directors met on Wednesday and discussed an offer by Carl C Icahn to take over the airline and merge it with TWA, but it could not be learned what action, if any, the board had taken. Back Page
        45 words
      • Article
        European, Japanese automakers boost ties
        44 33 EUROPEAN and Japanese automakers are moving to strengthen their ties to consolidate their competitiveness both in Japan and Europe, setting their eyes on Japan's growing imported car market, as well as the common market integration in 1992 Back Page
        44 words
      • Article
        Device to predict wind shear
        40 33 AN AMERICAN government and industry programme to give airliners more protection from sharp, abrupt wind shifts, one of aviation's most feared hazards, has received a potentially important boost by the Federal Aviation Administration Back Page
        40 words
    • Article
      Thai Harbour Department to collect new pilotage fees
      272 33 THE THAI Harbour Department will collect a pilotage fee from ships calling at Koh Si Chang and Mab Ta Pud ports. Suwat Liptapanlop, Thai Deputy Transport Minister, said the traffic at Koh Si Chang is now very heavy and may lead to
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    • LOG BOOK
      • Article
        Sharp drop in Japanese ship orders
        144 34 lOREIGN SHIP ORDERS received by Japanese yards in November fell sharply as a wait-and-see attitude emerged due to instability in the Mideast Gulf, the yen's rise against the dollar and uncertainty over the global economy, the Japan Ship Exporters' Association (JSEA) said. November orders
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      • Article
        Car sales to rise in Japan
        62 34 SALES of imported cars in Japan are expected to rise by 1 3.3 per cent in calendar 1991 to 255,000 from an estimated 225,000 in 1990, the Japan Automobile Importers Association said in a statement. This would represent 5.82 per cent of total projected
        62 words
      • Article
        Toyota to set up joint venture
        89 34 IOYOTA MOTOR CORP said it will set up a domestic joint venture with Yokogawa Electric Corp to develop, produce and market specialised measuring equipment and measurement control systems for testing and evaluating new vehicles. The new company, named Toyota MACS Inc, capitalised at 100
        89 words
      • Article
        Polish firm gets free assistance
        48 34 MITSUI Engineering Shipbuilding Co Ltd will give a Polish state-owned chemical equipment maker free technical assistance, a Mitsui spokesman said. Mitsui will send two employees to Polish firm Metalchm Chemical Apparatus Works to provide know-how on quality, production and price management, he said.
        48 words
      • Article
        Telecom Australia wins bid
        58 34 STATE-OWNED Telecom Australia has won the bid to build, maintain and support a As97o million defence radar system, the government announced. Telecom would be the prime contractor and its main partners would be GECMarconi, a unit of Britain's General Electric Co, and Lockheed Corp's Lockheed Missiles
        58 words
      • Article
        US$25m deal for Oceaneering
        70 34 OCEANEERING International Inc's Oceaneering International Services Ltd said Amoco Corp's Amoco-Gabon Gombe Marin Company awarded it a contract to provide a Floating Production Storage and Offloading (FPSO) system to be installed in the Gomba-Beta field offshore Gabon. Oceaneering International said the US$25 million it was spending
        70 words
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      Lock icon An airliner designed by the airlines
      1210 34  -  Eric Weiner reports on Boeing's 777, which represents a fundamental shift in the way the company is bringing out a new plane Eric Weiner NYT MORE than any of its predecessors, the Boeing 777 will be shaped by consensus. In a fundamental shift in
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      609 34 Carbon DensityWater Reitdue Art AUnnun Sedfnent I MM j Euon KG'M*3% V/V M/M 1 M M PPM method ISO/Cmac tarts Spec £25 ***** IS O 0 10 30' 010* Spec G35 9911 0 18 0 0 15 30* 010* Northern Europe 180 Ave 9840 4 132
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      THE SHIPPING GUIDE
      12426 42 I his is a list of ships loading A 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
      12,426 words
    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        671 49 VcssH Voy N» Berth Arnva/ Departue Kappel Wharves Andaman Pees 12/90 (P) K29 alongside 20 12/1400 Kota Bertan 48/90 K32 alongsde 21 12/0500 Mudanshan 10 K31 alongside 2212/2300 Seta Mafcuya 7 K30 alongside 21 12/0600 Trans Star 023B C09 alongside 20.12/2300 Andaman Pees 13/90 (P) C09 21
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        CONTAINER SCHEDULE
        1173 49 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Baiance Rstts Voy No Etb/Btr Period From To From < M Miraab 52 23/1200 3 21/0700 21/1159 21/1400 4 21/1200 21/1459 21/1700 fceor *****N 22/0100 1 20/1500 20/1659 20/1900 2 20/1700 21/0659 21/0900 B 5efoa 720N 22/0700 1 20/1500
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        IN MALAYSIAN PORTS
        348 49 Port Klang Berth at South Port on Dec 19: 1: Bim Ik; 2: K Pirosmansh vili; 3: Altoth SS; 4: Berjasa: 5: ml; 6: Tay Do; 7 Swee Long Satu; 7A: Hong Soon N. KCT: 8: Aka Bhum, 9: Swadaya, Kota Bahagia; 10 Ever Grace. North Port
        348 words
    • Article
      DAILY FREIGHTS
      813 49 CHARTERING on the freight market on Wednesday was quiet and rates held steady, brokers said. Sufficient prompt tonnage will be available to meet any Soviet requirements for recent and upcoming grain purchases, they said. The market expected substantial new grain deals from all major grain buyers for the
      813 words
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      543 50 NYT PANAM's directors met on Wednesday and discussed an offer by Carl C Icahn to take over the airline and merge it with TWA, but it could not be learned what action, if any, the board had taken. The meeting
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      381 50 NYT AN AMERICAN government and industry programme to give airliners more protection from sharp, ibrupt wind shifts, one of aviation's most feared hazards, has received a potentially important boost by the ederal Aviation Administra>on. The agency has issued a decree aimed at
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      Lock icon European and Japanese carmakers strengthen ties
      441 50 UPI EUROPEAN and Japanese automakers are moving to strengthen their ties to consolidate their competitiveness both in Japan and Europe, setting their eyes on Japan's growing imported car market and the common market integration scheduled for 1992. German carmaker Mer-cedes-Benz AG and Mitsubishi Motors
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      Lock icon Continental gets approval to sell route
      125 50 UPI A US federal bankruptcy judge on Wednesday allowed Continental Airlines to finalise the sale of its Seattle/Ta-coma-Tokyo route to American Airlines. The Houston-based Continental, which filed for Chapter 11 protection on Dec 3, said the route transfer has gained approval from the De-
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      218 33 SSWEE HENG METAL CO PTE LTD tJ. TUAS AVt 14 SINGAPORE 2383 TELE* RS ***** SHMCPL TEL: 861 5855 ISTELEFAX: 881 2*B lllF 1 S HJ CO mmk To,(,u SfXUKtr, MALAYSIA C0«V«l0f (11AII -A NO, PMMWtTSIA Omml 8 LPO mil irrnrs 'ICH1 CH5 J MJNM* -CmLiwMindhmndSMH £T?3T* fig W—— TrvxfcA
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      28 33 Container Schedule 17 Daily Fremiti 17 Index to Advertisers 3 Shppmg Guide 10.11 Sltps in Port 17 Singapore Tries 17 Veritas Report 2 Weather and Sea Conditions 17
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      156 34 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap
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      173 34 NOTICE OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, LDS Management Pte Ltd, hereby give notice I that In consequence of our Intended Purchase of the vessel, "ASIE VI", we i have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 179)
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      1141 35 200 Cantonment Road #12 05 Soothpoint, Singapore 0208 \lllfr Tel *****11 telex no BVCnTAVB TERMINAL Tel *****18 220 P Brtfrn Tm bookings th *****34 23s L VQCQf J J ESAKA lAROINE SHIPPING AGENCIES PORT KELANG TEL *****18 TELEX MA*****/MA***** PENANG TEL *****4 TELEX NO MA***** CFS TEL *****6 Dt.Ais f.»
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      719 35 Page Col ABC Containeriine Accord Group AFS Ahrenkiel Liner Albatros Sea-Air Alfred C Toepfer Ann# API. A.P.C. Lines Arrow Lines Arimura Line A cWarehousing ASXCL Shpg Atlas Lines ASCL ANL Cameroon Shpg CaigoGulf Cargoways Ag CB Shpg Mar Central Express Ceylon Shpg CF Ocean Service Chahaya Shpg Chancery Express Char
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      2244 35 ■BimMl LAST SAILING THIS YEAR TO OSA LICA MAERSK V 9013 ETA 24/12/90 MARIE MAERSK V 9102 ETA 27/12/90 Vessel Voy ETA I ETD "Poet "Penang DESTINATIONS Singapore Kelang Thi» week Marie M 9102 Feeder by M732^^S3H^2K23ES2EH«I3E3E^CbIZI^H^3Cb3CSSIBBB »I? 0800 MBS BHHI CFS 24 1? ?358 MRS M Tauro OAK LGB
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      1233 36 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE DOLORES 01/556 21/12 9>l H" 13/1 OSAKA BAY 97/555 30/12 24/1 18/1 20/1 17/1 23/1 TOLAGA BAY 13/558 31/12 17/1 17/1 22/1 HONG KONG EXPRESS 98/501 3/1 28/1 22/1 24/1 21/1 27/1 CITY Of EDINBURGH 93/503 6/1
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      559 36 SINGAPORE TO NOUMEA 12 DAYS FOR BREAKBULK AND CONTAINERS COMMENCING SEASPAC I VOY 1702 EB ETA SIN 28/12/90. CSAV WILL CALL NOUMEA WITH A MONTHLY ALLWATER SERVICE. SINGAPORE: 3M0456 I \PESAKA JARDINE MSIA BOOKINGS: *****00 PORT KELANG: 03-368-41 IS JOHORE: 07 *****2 J I EXPRESS TO PAPUA NEW GUINEA 1
      559 words
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      1451 36 QS BBMIA &MSTM REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA AL MUNTAZAH 9042-3 24/12 14/01 16/01 19/01 20/01 21/01 22/01 23/01 25/01 NORASIA SAMANTHA 9043 3 01/01 21/01 22/01 26/01 27/01 28/01
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      1567 37 ssgSteamers Maritime Holdings Ltd w«- p&o r fIfIVSTRAITS SHIPPING! Wsk Containers *>» No P Klan( S'poft IS ton H'bufg B'Havtn ffdtm Left I niir r*n c I OOtWKS 01/556 »TOL 21*12 21/12 10/01 12/01 14/01 OSAM BAT 97/546 »BS£R2J/12 30/12 ?401 IMI 2001 16/01 23/12 CARGO TOLA6A BA* 13/558 CIT
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      Page 37 Advertisements Column 2
      1696 37 TO: EUROPE TO: FAR EAST SPORE HK MO *08 BU V LM RDM HAM MVN BRE FLX CHOYANG VICTORY OtlE 7S/12 2112 2*12 Jl/12 HANJIN HAMBURG 004W 2*02 1H 17/1 11,1 21/1 20|1 21/1 HANJrN U HAVRE 010E M/ 12 ill 4/1 til 10,1 MMIIW ROTTEROAMBUW 5,1 71/1 HI 2VI
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      Page 37 Advertisements Column 3
      397 37 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL ORANGE EASTERN CHAMPION AMBALIM MOON PEARL TRAOCR VOY NO I 1 14 a Sport 21/12 30/12 1/1 S/l P K*l»n« «U Id W1 Yangon Moftgla Chittagonf Calcutta Yokohama 10/1 11/1 25/1 Nafoya —WW Osaka Senboku m SJI Hochimmh KUCHINC 2/1
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      619 38 m CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE YSL,VOY S PORE ROAM, ADAM H BURC BREMEN ANTWERP OJTAI/21W8 24(12 26/1 1/2 5/2 10/2 ■ATARAM/28WB 129/1 W 11/3 15/3 17/3 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub)«ct to InducamanL Alto accepting cargo to Caaablanca, Port Said. Port Alaiandrla. Genoa. Trlaata
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      732 38 Irth HANJIN SHIPPING 11 wy J FULL CONTAINER SERVICE am AND ham BRV m FEEDER VSL SIN LINE HAUL LAX OAK 23T2 91 101 11 1 "T 13 1 14 1 CHOYANC VICTORY 001 l 28/12 H LEHAVRE 01 It 21/1 24/1 29 2 16 1 1/ 1 8 1/
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      Page 38 Advertisements Column 3
      105 38 CSH EUROZONE FREIGHT SERVICES PTE LTD HO N. MAXWf I 1 now 012 07 MA*V*U HOUSE SMGAPCX o<o* TH. »<rM}«LMiS) FAX ??Ktr* TUI «9 2«00 TM»/» Weekly Express FCL LCL CONSOLE SVCS. TO/FROM: TAIWAN HKG BKK USA UK EUROPE Services To: BRUNEI. E MALAYSIA F EAST PORTS PROVIDE INT I
      105 words
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      1361 38 T i I- T r—s -1 —d PKL SOP HKC KSC KLC PUS HKT OSK SHU TYO LAX CHS BAL NYC LHV ANN ROM THP HBC SCP I I GLtAMY RE <J3l 24/12 30/12 2*12 2/1 VI «/l 10/1 12/1 111 2*l 4.2 12 *2 I*2 28/2 21/2 22/2 24/2
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      1539 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: nvintil> jfy UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 s AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE— 27WH8 TERMINAL OFFICE :22t2022 DOCUMENTATION DEPT: *****44/ *****14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 K.l P (O3) E *****87, Penang (04) *****0,
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      Page 39 Advertisements Column 2
      1129 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVlC fE),^^^^^^— I DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND I "vtSStLS VOYAGE SPORI MANILA MKONC VOYAGE STORE PKLANC HBURG B'HAVEN
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      1508 40 I Q K LINE KAWASAKI RISEN KAISHA. LTD. fj j EXPORT N.AMERICA-PACIFIC SOUTH-WEST /~IMPORT N. AMERICA PACIFIC SOUTH-WEST 7 un. i a rm NYC 111 "OTHER VESSEL VOT HOUS LB OAK TKT FEEDER VESSEL WOT TKT SCP FEEDER VESSEL VOT'INOO -PH/PNC SCP IgTIM WSW. VOT LB OAK CH NTI 111
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      Page 40 Advertisements Column 2
      1140 40 .pw PHILI-ORI€NT UN€S PT€ LTD I 108 ROBINSON ROAO #0/ 00 GMG BUILDING SINGAPORE 0106 X TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX 22 *****/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 22 OfC MONTREAL, OTTAWA, TORONTO, VANCOUVER, S'WESTERN
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      1497 41 assagpff PACIFIC INTERNATIONAL LINES (PTE) LTD /y gj Jfcf pit Building, 140 Cecil Street ttXHX). Singapore 0106. I JAKARTA I I BANGKOK 1 VESSEL VOV SIN JUT SIN VESSEL VOV SIN BKK SIN GOWA 71S8 24/12 26/12 PEGASUS PIONEER 112N 22/12 2S/12 29/12 EDEN 9044 26/12 2»/12 2/1 SEA GLORY
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      1078 41 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT m VESSEL |VOY SPORE PKLANG SHAMPTON| HAMBURG BHAVEN R'OAM L'HAVRE Dolores 01/556 inPt Via TOL 10/1 12/1 14/1 Osaka Bay* 97/555 30/12 23/1 17/1 19/1 16/1
      1,078 words
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      Page 41 Advertisements Column 3
      319 41 Mb MYANMA Pi FIVE STAR UNE (Myanmar National Line) Loading (or Yangon (Rangoon) S'pore P.Klg Pen P.Gdg AVA VIOSW tt/29 Dec In Pt PtNYA Vll2* In Pt PAGAN VI6SW 1/3 Jan MYOMAYWA VI3IW 21/31 Dec THE BANK UNE (A service ot Andrew Weir Shipping) W SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY
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      821 44 N INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX BRV ROM ANT HBC BIUMIN S£N Wf 102 In Pt 13/1 14/1 14/1 17/1 CARMEN CARINA WMIU 25/12 1%1 17/1 20/1 IS/1 16/1 ARABIAN SEN *flo 3 27/12 11/1 20/1 22/1 23/1 THUERINCEN WMIO3 2/1 30/1 2*l
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      Page 44 Advertisements Column 2
      1119 44 CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 29 DEC ft 5 JAN LONDON ROTTERDAM FELIXSTOWE ANTWBIP SOUTHAMPTON HAMBURG MANCHESTER LE HARVE ANO ALL EUROPE MLANO DESTINATIONS FAR EAST PORT KELANG 28/12 4/0t MANILA 29/12 5/01 PENANG 28/12 24/01 BUSAN 29/12 5/01 BANGKOK 23/12 27/12 TOKYO
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      Page 44 Advertisements Column 3
      275 44 LOADING FOR VESSEL SPORE ICBO OBH BAI*ES MVIOEO *10 STS WIT PACUA MOSTWEEN I In Pt »12 1/1 14/1 1W '*1 V KOU 1 ALSO LOADING FOR BUENOS AIRES Turkey, Red Sea/ Med Ports. Saoft P Rtljnc LM*>nf tar ARAS V* IT)AN OPT OPT WMCtOTANRUI IZWR MERSIN ISKENOERUN. FAMAOISTA Uto
      275 words
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      1304 44 t I W CHINA OCEAN SHIPPING COMPANY I I FULL CONTAINER LINER SERVICE! Tricv Jg» I I 2, MISTRI ROAD, HMC BUILDING TELEX i. R w S I I MIS 00 SINGAPORE 020/ pari r rrKTARI INE I I CR NO: U*****0000M CABLE. COSTARLINt I General Agents: COSTAR SHIPPING PTE
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      738 45 NIHON-ASIA I CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! KTA USA iPI Destns 26/12, 29/12 EUROPE all Ports 26/12, 29/12 BANGKOK 24/12, 29/12 HONGKONG/CHINA 26/12, 1/1 SYD, MEL, ADEL, BRIS 24/12, 31/12 FREMANTLE 24/12, 31/12 MANILA 25/12, 28/12 PKLG/PENANG 23/12, 30/12 Port Kelang Branch Tafc *****21/2/3 Fax: *****24 Penang
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      Page 45 Advertisements Column 2
      243 45 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Unas) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Line*) PsT\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL ssil IVOY ETA |LOADING FOR SPORE ABBAY WONZ 27W8 15/01 DARESSAI AAM MOMBASA DJIBOUTI ASSAB MASSAWA NET SANE T 21WB 16/02
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      811 45 tej-P.T. MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS t WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ
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      963 45 BANGKOK CEBU/MANILA 1 VESSEL 1 VOY SINGAPORE BANGKOK IvtSSEL IvOY SPORE CPU MANILA MAHA BHUM# 39N Sat 22/12 Tut 25/12 KITI BHUM 51R In Pt 27/12 79/12 SIAM PAETRA S»N Sun 23/12 Wtd 26/12 SO STAR 52S 2E/12 3/1 5/1 I JENLINK 37N Thor 20/12 Sun 23/12 KITI BHUM BR
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      1134 46 MAC-NELS SINGAPORE j| export TEL *****22 1 IMPORT TEL 2216Q0T| TEL: (04) *****6 KK TEL: (088) *****0 TAWAU TEL (089) *****9 KELANG TEL: (03) *****77 KUCHING TEL (082) *****3 SKAN TEL (089) *****2 l-J\-/\ llj BAHRU TEL: (07) *****2 SIBU TEL (084) *****2 lABUAN TEL (087) *****9 JAKARTA TEL: (21)
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      Page 46 Advertisements Column 2
      394 46 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND. NAPIER. WELLINGTON. BLUFF. CIIRISTCHURCH, DUNEDIN. LYTTELTON, INVERCARGIL. FIJI AND TAHITI SIN N PIT AUCK LYT PROSPECT 10S 3 Jan IS Jan Via NPL 70 Jan
      394 words
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      1397 46 THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL I VIT IETA IpEST VESSEL VIT ETA KIT KIM SOON LI 49/90E 22 OEC PENANG JENHOL
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      759 47 J COMPANIA PERUANA OE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING Penang* P Kelang Singapore E Msia KAMALEVERETT 02/03 ian 04/06 Jan THOMASEVERETT 19/20 Jan 21/23 Jan KARABIEVERETT 29/31 Jan 01/03 Feb 05/07
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      530 47 VSL [VOY |S PORE IMAINLINER |LAX [KST |SAV [NYC [HF"X~[ A VESSEL K/12 tIM IKRIA 3/2 1/2 1/2 m 2IM SINGAPORE ill ***** HM IBERIA IS/1 3/2 t/1 1/2 M/ 2 A VESSEL 29/12 21* IBERIA »1 3/2 1/2 M/ 2 A VESSEL 2/1 2iM IBERIA 2VI 3/2 1/2 1/2
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      Page 47 Advertisements Column 3
      661 47 SING KWANG HANGI SHIPPING 4 TRANSPORTATION (PTI) LTD WEEKLY LCL/FCL SERVICE* I VESSEL [SPORE [JAKARTA SURABAYA MEKHANIK KURAKO V 41N 22/12 30/12 lEQUATOR JOY VO9N |29/12 1- |01/J«n VESSEL S PORE BANGKOK A VESSEL 29/12 01/01 A VESSEL 05/01 08/01 DESTINATIONS ETA SINGAPORE PORT KELANG 28 DEC MANILA 30 DEC
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      604 47 .ia PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PELOPOR 967 22/12 25/12 PRASE TIA 131 A 27/1? 30/12 PEIOPOR 968 29/12 01/01 PRASE HA 133 A 03/01 06/01 TANTO UTAMA 129 23/12 26/12 TANTO UTAMA 131 30/12 02/01 TANTO UTAMA 133
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      Page 47 Advertisements Column 5
      359 47 4 |B.« SIN FAN EAST 23/12 KEELUNG/KAOHSIUNG 22/12 BANGKOK 24/12 MANILA/CEBU 22/12 JAKARTA/BELAWAN/SURABAYA 22/12 PORT KELANG/PENANG/E. Malaysia 25/12 BUSAN 30/12 TOKYO/YOKO/KOBE/NGO/OSA 24/12 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang, Shanghai SIN EUROPE/UK 22/12 LDN/FLX/LVP/SOU 1 22/12 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 28/12 LOS ANGELES/NEW
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      Page 48 Advertisements Column 1
      651 48 ai CB SHIPPING MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINER/LCL/BREAKBULK SERVICE "ANKE" SERVICE SPt LAE WSI"A tviue VI9SB Sailed H/J2 9(12 JV| 2 V 2QSB 29-30*12 U/l I*l 4,1 >*' BUNKER SURCHARGE EFFECTIVE VI9SB TEU USD 53 50 B/BULK USD 5.00 LCL USD 3.50 SUBJECT REVIEW BOOKINGS ACCEPTED FOR
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      Page 48 Advertisements Column 2
      535 48 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE YM V22-90W 24/12/90 19/1/&1 10/1/90 14/1/91 IY V 23-90W 29/12/90 25/1/91 16/1/91 20/1/91 KVT V 26-CW9O 30/12/90 21/1/91 23/1/91 29/1/91 KM V24-90W 11/1/91 05/2/91 26/1/91 31/1/91 BA V 27-CW9O 18/1/91 11/2/91 13/2/91 18/2/91 ALSO ACCEPTING CARGO FOfl
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      Page 48 Advertisements Column 3
      441 48 I WEEKLY FCL/LCL SERVICE DESTINATIONS ETA SINGAPORE KEELUNG/KAOH 23/1? 27/12 30/12 03/01 HONG KONG 23/12 27/12 30/12 01/01 BUSAN 24/12 30/12 05/01 12/01 BANGKOK 24/12 28/12 31/12 05/01 MANILA 25/12 Mfll Ufll 24/01 UJA 2/12 29/12 07/01 14/01 KYC LINE (S) PTE LTD., 158, CECIL STREET DAPENSO BUILDING, #09-00 SINGAPORE
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      Page 48 Advertisements Column 4
      908 48 7&iA/5rL/A//C CJtf) PENANG—KL: allied-LINK SINGAPORE: /y^Hjv\, SfSr 04-*****2 09-*****95 778 6522(22 linesi SETA. Marina Orvg Susan Ng/Chrlttlna Chlew Chenfl/Eether Yap SHIPPING AGENCIES PTE LTD XjML/II W "Hx: RS ***** NEOSHIP Fax: *****59 I Tel *****29 (6 Lines) A. VSL 25 DEC CH ITT AGONG/CALCUTTA TAMATAVE/BEIP A/MOMBASA A VSL 20 25
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  • Page 49 Miscellaneous
    • Miscellaneous
      Page 49 Miscellaneous Column 1
      587 49 TIDES AND WEATHER TODAY'S TIDES (hei»t in metres) HOUR 0000 0100 0200 0300 MOO *****(00 0700OtOO 0900 1000 1100 *****300 1400 1500 1600 1700 1800 1900 ?000 2IOC 2200 2300 JR 19 23 25 2* 22 18 14 12 12 14 18 24 29 3.2 31 28 23 16 1.1
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  • Page 50 Advertisements
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      Page 50 Advertisements Column 1
      333 50 CHARTPOINT Every Saturday in Business Times VSL VOY ETA SIN ETA P.PNH TONG SERN 10/90 20/12 31/12 CHOLTHEE 19/90 28/12 7/1 j For Enquiries Call CALVIN HO/DANY LAU /11/fN HIAP HOE SHPPNG ENTERPRISE f/il j TEL: *****66 FAX: *****10 \lfjy TLX RS ***** HHSHPG 4&T5&& PT. PELAYARAN. samudra agung PERFECT
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      Page 50 Advertisements Column 2
      711 50 AhyundaTl MERCHANT MARINE CO. LTD. BTi 11 k 11 Til 13 hZvi LI EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN I*l ANniA 37E 26/12 3/1 21/1 23/1 25/1 24/1 HYUNDAI EXPLORER 35* 20/11 23/11
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      Page 50 Advertisements Column 3
      592 50 CHARTPOINT Every Saturday in Business Times UK CONTINENT (TRIO) UIN N Hamburg to Cooenhafen Aarlmj GottwnDui* Ma!mo I S PORE |S TON H BURG BHAVEN R DAM lEH H«l»i<*i. StodiHoim OSAKA BAY 97/Stt »12 Mil I*l I*l 17/1 *3/1 Rotterdam to Antowrp Amterdan. Oslo. Helsinki Tfti idi RAY llUl |ki2
      592 words