The Business Times, 24 January 1991

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Thursday January 24 1991 75*
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  • NEWS SUMMARY
    • 56 1 THE Hongkong government said yesterday it had eased visa regulations on Vietnamese travellers to the British colony and was moving towards resuming direct commercial air services between Hongkong and Vietnam. "We are now prepared to grant visas to all categories of visitors from Vietnam,"
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    • 60 1 CHINA threatened yesterday to retaliate against the US in a dispute over alleged Chinese evasion of US import quotas for garments and textiles. Liu Xiangdong, spokesman for the Ministry of Foreign Economic Relations and Trade, said last year's 16 per cent
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    • 28 1 SINGAPOREANS' resolve and resourcefulness, how they respond to major world developments, will determine the country's destiny, says Deputy Prime Minister Lee Hsien Loong Page 4
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    • 22 1 THE National Computer Board is on the lookout for multinational corporations to invest in high value-added services Page 4
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    • 35 1 A FORMER top Kremlin aide has said that the Soviet Union is heading fast into economic catastrophe and President Mikhail Gorbachev and his team are doing nothing to stop it Page 10
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    • 23 1 PAKISTAN has eased exchange controls to attract foreign investment and foreign currency earned by its nationals abroad Page 11
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    • 25 1 CONTINUED differences between PAS and junior partner Spirit of '46 are threatening a break-up of the ruling coalition in Kelantan Page 13
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    • 20 1 TURBO marketing will be catch phrase of this decade, predicts marketing guru Philip Kotler Page 14
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    • 16 1 PAT BOONE doesn't see himself fitting into today's music scene Page 17
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    • 23 1 A SERIOUS shipping squeeze for Indian trade and industry could have short-term benefits for Singapore and Colombo. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 45 1 BLUE CHIP stocks maintained their downward trend at the start of Wall Street trading yesterday. But the broader market was again faring slightly better. The Dow Jones average of 30 leading industrials was off 1.99 points at 2,605.20 points after the opening bell.
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    • 40 1 ACTIVITY in the financial futures market kept shares steady in London at midday yesterday in spite of overnight losses in Tokyo and New York. The Footsie 100-share index gained 7.4 points to stand at 2,089 at 1200 GMT.
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    • 18 1 MPHB is to sell part of Magnum stake to subsidiary Dunlop Estates Page 6
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    • 16 1 OCBC BANK has reached its 40 per cent foreign shareholding limit Page 6
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    • 20 1 ITALIAN car maker Fiat SpA has suffered a 55 per cent drop in industrial profits. Page 7
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    • 38 1 CITICORP chairman John Reed says that the Federal Reserve has told the bank its capital is not at appropriate levels and that Citicorp plans to raise US$4 billion to US$5 billion by 1993 Page 8
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 585.18 -6-J 5 Kuala Lumpur ....478.76 -3.11 Hongkong 3,090.40 +,28.32 Tok?o 23,050.10 +203.55 Sydney 1,263.8 "5-8 Tuesday Change New York 2,603.21 London 2,081.6 -2.4
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    • 18 1 Exchange rates USS SSI.7320 Yen SSI.3057 MS SS0.6381 Money market rates Overnight 4-5/8 +1/4 3-month 4-1/2% +1/16
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    • 38 1 London Gold AM fix USS377.90 -USS3.35 Rubber S pore Feb 148.50»/kg unch M'sia Feb 234.00»/kg unch KL Tin Turnover 56 tonnes +1 Spot MS 15.07 /kg -0.02 Crude palm oil Tumover 1,484 lots 466 Feb MS871/tonne -9
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  • 648 1 Iraqis launch ground attack on allied forces: reports THE WAR Agencies ISRAEL CONTINUED to show restraint last night after a Scud missile apparently evaded anti-missile missiles and slammed into a crowded district of Tel Aviv, leaving three people dead and nearly 100
    Agencies  -  648 words
  • 486 1  -  By Lilian Ang Selva Kumar THE TIGHT fuel oil market in Singapore should ease by mid-February when fresh supplies from both the Middle East, and alternative sources make their way to Singapore. Oil industry sources estimate that at least three
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  • 94 1 THE PRICE of oil, which firmed on Tuesday in response to reports that Iraq had set fire to some oil facilities in Kuwait, rose a further US$l.25 to $21.70 per barrel in early trading in London yesterday. Also underpinning the price were reports that
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  • 143 1 Reuter SAUDI ARABIA will replace any oil lost because of damage to ships in the Gulf, East Asian buyers said yesterday. "We got a telefax yesterday (Tuesday) saying that (state-owned oil company) Saudi Aramco will replace any cargo we lose in future," said
    Reuter  -  143 words
  • 386 1 Agencies JAPAN'S Prime Minister Toshiki Kaifu yesterday abruptly called off a news conference to announce an expected US$9 billion in additional aid for multinational forces in the Gulf. Japan's ruling party and Mr Kaifu failed to agree on a second aid
    Agencies  -  386 words
  • 231 1 Agencies THE EUROPEAN Parliament in Strasbourg yesterday blocked a plan to give the Soviet Union US$l billion in food aid because of Soviet repression in two Baltic republics earlier this month. The leaders of the 12 states in the European Community announced the
    Agencies  -  231 words
  • Page 1 Advertisements
    • 120 1 SBSBBBSBBB Burberrysl I > l j Keigns when it pours 8 Advertising Marketing 14 Money Changer Rates 27 World Stock Markets 24 Aircraft Schedule 27 Money Market -25 Commodities 26 Regional News 9 ComoanvNews 6 7 Regional Stock Markets 23 For market indices, editorial STcSrd 111 27 SES 18.19 adverting
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    • 80 1 Iraqi sabotage wont threaten oil supply: EC official, Pg 2 Economists dispute G-7's optimistic outlook, Pg 2 A protracted war will hurt Asia, Pg 3 Editorial, Page 12 Don't be misled by Saddam, MPs urge Muslims, Back Pg SAPORITI ITALIA. THE ULTIMATE IN STYLE AND PRESTIGE. Italian design ingenuity at
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  • THE GULF WAR 1
    • 773 2 Agencies I HE European Community's energy chief sought on Tuesday to calm fears that Iraqi sabotage of key oil facilities in occupied Kuwait could endanger supplies. "The destruction of Kuwaiti oil wells would be regrettable," Constantinos Vlaniatopoulos, the EC's director-general for energy,
      Agencies  -  773 words
    • 490 2 NYT SAUDI ARABIA, the world's second largest producer of oil, has become a major importer of petroleum products because of the Persian Gulf war, say Western diplomats and Saudi oil analysts in Riyadh. In the last six weeks, a Saudi official said on Tuesday, the country
      NYT  -  490 words
    • 42 2 CHALLENGER tanks of the British Army's 7th Armoured Division gather in the Saudi Arabian desert while they await orders to advance into Kuwait. Saudi, Kuwaiti and American forces are also in forward positions near the Saudi-Kuwaiti border.
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    • 830 2 Hopes of second-half US recovery downplayed Reuter A DESIRE to calm jittery financial markets has made leading industrial nations propound a view of the world economy which may be too rosy even if the Gulf War ends quickly, economists in Tokyo said yesterday. In a
      Reuter  -  830 words
    • 877 3 Some economies will profit from brief or medium-length conflict: survey AFP MANY Asian nations are bracing for the effects of a protracted Gulf war, despite short-term optimism from some who see profit in a brief or medium-length conflict, a survey of regional countries shows.
      — AFP  -  877 words
    • 56 3 A MOTHER in Jerusalem tightening the mask straps of her five-year-old son's protective chemical gas hood on Tuesday, when Israel came under Iraqi Scud missile attack for the third time since the outbreak of the war. On the television screen in the background are the words "Alert"
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    • 183 3 Reuter RECESSION and the Gulf war appear to have scotched Britain's chance of showing another budget surplus this year. With the government's financial position deteriorating, cuts in personal income tax also looked very remote, said economists in London on Tuesday. "Even before
      Reuter  -  183 words
    • 482 3 Reuter ISRAEL, testing American gratitude for its restraint after Iraq's missile attacks against Israel, wants US$l3 billion in extra aid from the United States. Finance Minister Yitzhak Modai said in Jerusalem that the Gulf crisis had cost Israel at least
      Reuter  -  482 words
    • 453 3 Reuter UNITY AMONG financial leaders arising from the Gulf War may not last long due to differences over interest rates. This week's two-day meeting was the first time that policymakers from the Group of Seven (G-7) Britain, Canada, France, Germany, Italy, Japan and the
      Reuter  -  453 words
    • 578 3 AP AMERICANS need not pay higher taxes for the Gulf war unless it drags on beyond "any scenario we can contemplate", said Federal Reserve Chairman Alan Greenspan in Washington on Tuesday. The chairmen of the House and Senate Budget committees. Congressman
      AP  -  578 words
  • Page 2 Advertisements
    • 147 2 V *K, /i jj 1 WE SUIT THEIR TASTES. TIPS '91 WILL TELL YOU WHY. r^WTZTY'—j It's hard to please the discerning, Our recipe for success evidently suits demanding international investor their tastes all the impressive these days. Seems like they have a ingredients that result in maximum global menu
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  • Page 3 Advertisements
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  • HOME NEWS
    • NEWS ROUNDUP
      • 79 4 THE Housing Development Board (HDB) will hand over the management and maintenance of the common areas of residential and commercial properties in City Centre, Jurong and Tampines Towns to the three respective town councils on Feb 1. These three town councils will
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      • 91 4 SOME 20,000 home-owners spent an estimated $500 million to $700 million each year to renovate their homes, observed Lee Yiok Seng, Senior Parliamentary Secretary, Ministry of National Development. He said that despite the high costs, many home owners were unhappy about the quality of renovation work. Realising
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      • 40 4 i THE NPB-ENDEC Centre for Interfirm Comparison will be holding a one-day seminar on "Improving Productivity PerUormance through Interfirm Comparison" tomorrow. The will be officiated by Koh Juan Kiat, executive direcIter of the National Productivity Board.
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      • 56 4 J** r 'GREAT Pacific Finance (a wholly-owned subsidiary of DBS Finance) is relocating its former Robinson Branch at Com"mercial Union Building to Yishun HDB neighbourhood this According to a DBS Finance press release, it will be -£ie first financial institution in the Yishun neighbourhood .and is
        56 words
      • 45 4 t»pONG LEONG Investment Holdings (HLIH), a majority "shareholder in City Developments, increased its holdings in by 25,000 shares on Jan 16, 1991, paying $2.46 per ~*gnit. This brings HLIH's share in CityDev to 50.413 per cent t*#f the company.
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    • 520 4  - Five major trends shaping the world and Republic's future By Anna Teo SINGAPOREANS' resolve and resourcefulness, how they respond to major world developments, will determine the country's destiny, Deputy Prime Minister Lee Hsien Loong told university students yesterday. Singapore's international position depends on its being "special", able to perform better
      520 words
    • 269 4  -  By Claire Laow 11 I 'I Ml THE information technology (IT) industry is stepping up efforts to achieve its goal of 30,000 IT professionals by the year 2000. In the past decade, new training institutes were spawned in rapid succession for
      Source: national Computer Board  -  269 words
    • 230 4 THE Information Technology (IT) industry here is expected to find its own niche in the global IT industry, says the National Computer Board (NCB). This is due to the enterprise of local firms and the technological transfers achieved with the collaboration of IT
      230 words
    • 286 4 FOR SINGAPORE to penetrate the European market, it must improve quality standards by training more personnel in quality assurance, said Dr Tay Eng Soon, the Senior Minister of State for Education yesterday. Singapore should also adopt the ISO 9000 international quality management system, he said.
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    • 134 4 UNITED INDUSTRIAL CORPORATION LTD (Inccrporaiad in th« RapuWc ol Singapore) LOST SHARE CERTIFICATES Applications have been made to the Directors of the abovenamed company to issue duplicate certificates in place of the following share certificates which have been reported lost or destroyed: rttlJiw* *****116 ArisSunarto 1* 750 *****81G/B3E Chew Keng
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  • Page 5 Advertisements

  • COMPANY NEWS 1
    • 518 6  -  By William Chia MULTI-PURPOSE Holdings Bhd, which holds a controlling 40 per cent stake in diversified gaming concern Magnum Corp, plans to sell part of its stake to subsidiary Dunlop Estates Bhd (DEB). MPHB chief executive Lim Thian Kiat told
      518 words
    • 197 6 FOREIGN shareholdings of OCBC Bank have reached the 40 per cent ceiling set by the Monetary Authority of Singapore. OCBC is the second of the Big Four local banks to fill its quota of foreign shareholders since MAS raised the limit from 20
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    • 285 6  -  By Shoeb Kagda MALAYSIAN stockbroking firm Rashid Hussain Bhd (RHB) has formed a whollyowned subsidiary which seeks to trade on the proposed Kuala Lumpur Options and Financial Futures Exchange (KLOFFE). in a statement released yesterday, the RHB board of directors said
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    • 531 6  -  By David Chew IN A FURTHER MOVE to muster Petaling Tin shareholders' support, substantial shareholder Hijaz Industries has issued an eight-page open letter to shareholders refuting several points raised by chairman Tan Sri Ibrahim Ismail in an earlier, equally long, response to Hijaz's letter
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    • 223 6 MBT PELANGI has agreed to buy IGB Corp's stake in Taman Gunong Hijau (TGH), a move which will pave the way for Pelangi to expand its property activities in the eastern corridor of Johor Baru, towards the Pasir Gudang industrial estate. Pelangi will buy
      MBT  -  223 words
    • 306 7 Reuter ITALIAN car maker Fiat SpA said on Tuesday that falling demand for new cars slashed its industrial profits by 55 per cent to around 2.1 trillion lire (US$l.B billion) last year. Group chairman Gianni Agnelli warned that this year would not
      Reuter  -  306 words
    • 302 7 THE Los Angeles-based Bel Air Hotel Co has formed a joint-venture with the Tejapaiboon Group to build a five-star hotel beside the Chao Phaya River. The Nation reported on Tuesday that the new company aims to wrest supremacy in this sector
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    • 252 7 Reuter MIM HOLDINGS Ltd will lay off 150 workers at its Collinsvillc coal mine in Queensland and introduce other measures to prevent closure of the loss-making operation, a mine official said in Brisbane. Talf Greenwood, general manager of the Collinsville Coal Co,
      Reuter  -  252 words
    • 264 7 Reuter MOBIL CORP, the second largest American oil company, has reported a 46 per cent rise in fourth-quarter earnings, reflecting the leap in oil prices caused by the Gulf crisis. "The improvement in the fourth quarter reflects higher crude oil and natural gas
      Reuter  -  264 words
    • COMPANY BRIEFS
      • 56 7 NCR CORP has filed a suit that seeks to stop American Telephone and Telegraph Co's hostile takeover attempt on anti-trust grounds. The action, filed in US district court for the Southern District of Ohio, charges that the takeover would "tend substantially to
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      • 50 7 JAPAN'S Kyocera Corp has established three wholly-owned subsidiaries in Europe to produce and market laser printers. One of the subsidiaries set up by the world's largest maker of integrated circuit ceramic packages was in France to produce such printers, with two marketing subsidiaries in Britain and France.
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      • 58 7 CONOCO, a unit of Du Pont Co, has signed an agreement with Wal-Mart Stores Inc to purchase Wal-Mart's nine convenience store petrol retail outlets in Texas, Missouri, Kansas and Arkansas. Conoco said the outlets would operate under the Conoco brand, with some stores being operated by
        58 words
      • 91 7 HITACHI Software Engineering Co Ltd, a unit of Hitachi Ltd, has bought 36 per cent of the stock of Information Graphics Systems Inc (IGS). The Hitachi unit has agreed to financially raise its share in the Boulder, Colorado-based IGS to 50 per cent but will
        91 words
      • 107 7 A SMALL NUMBER of minor lenders in the 150-strong News Corp Ltd bank group, with a week to go before a completion deadline, have yet to decide whether they will accept an override facility in a proposed US$B billion debt restructuring. The override would allow existing
        107 words
      • 65 7 FUJITSU LTD has introduced a line of departmental systems based on Open Systems architecture called the DS/90 that is intended to meet demand for high-performance distributed systems. The DS/90 will originally be test-marketed in much of Asia, as well as Spain and Canada, starting in April.
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  • Page 7 Advertisements
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 60 8 A TRUST FUND for investment in former East Germany has extended the share application deadline because the situations in the Gulf and the Soviet Baltic republics have pushed demand below expectations. "The crisis in the Gulf and the Soviet Union has meant the application
        60 words
      • 64 8 US FEDERAL regulators are working with the banking industry to find ways to reduce losses from bank failures and also to recapitalise the bank deposit insurance fund, William Seidman, chairman of the Federal Deposit Insurance Corp, said. Mr Seidman, addressing a wholesaler industry conference, said
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      • 99 8 C ITOH FINANCE (Europe) has launched a US$5OO million Euro commercial paper programme (ECP), arranger Manufacturers Hanover Trust said. The programme replaces a US$l3O million ECP and is supported by a keepwell agreement from parent C Itoh and Co. Paper is available under the
        99 words
      • 2 8 Dollar$ Non$en$e
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    • 318 8  -  By Shoeb Kagda THE WAR in the Gulf and the resultant volatility in the world's financial markets have proved to be a boon for the Singapore International Monetary Exchange (Simex). Since the start of allied bombings of Iraq on Jan 17,
      318 words
    • 214 8  -  By Diana Oon THAI AIRWAYS International Ltd has signed a U*****.7 million syndicated loan facility with a group of 15 international banks, making it the latest addition to the list of Thai companies seeking offshore funding. The Thai national flag carrier signed the agreement,
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    • 384 8 Reuter BRITISH FIRMS can expect to face considerably higher borrowing charges when the country climbs out of the recession, as banks will only be willing to risk their lending capital at a much higher premium, analysts said. "Some of the spreads charged
      Reuter  -  384 words
    • 243 8 Reuter THE US Sccuritics and Exchange Commission said it has settled an insider trading case against the former chairman of the Bank of Liechtenstein stemming from the 1989 takeover of a US company. The US company Stamford, Connecticut-based Combustion Engineering was purchased by
      Reuter  -  243 words
    • 485 8 Reuter CITICORP chairman John Rccd said that the Federal Reserve had told the bank its capital was not at appropriate levels and that Citicorp plans to raise US$4 billion to US$5 billion by 1993. Mr Rccd said he hopes capital
      Reuter  -  485 words
    • 166 8 Reuter THE Bush Administration will unveil major reforms of hanking laws and federal deposit insurance in the next week and a half, a senior Treasury official said. Robert Glauber, Undersecretary for Finance at the Treasury, said the proposals would seek to limit deposit insurance,
      Reuter  -  166 words
    • 369 8 Reuter AFTER several attempts to merge over the last 25 years. Security Pacific and Wells Fargo and Co on Tuesday broke off talks again, but analysts say it is a matter of time before such mergers occur. They said combinations of
      Reuter  -  369 words
  • Page 8 Advertisements
    • 86 8 This evening, dine and dance wax/above be rest. In just 50 seconds, you'll be 6 -piece Filipino combo, whisked up 280 metres will have you dancing to Singapore's highest (T on air. First Drink restaurant. Where Charge for non-diners delightful gourmet cuisine |j at The Mezzanine and nostalgic music from
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    • 52 8 TAN KAH KEE FOUNDATION PUBLIC LECTURE Topic: Higher Education In US Speaker: Professor Chang-Lin Tien Chancellor University of California, Berkeley Chairman: Professor Tommy Koh, Ambassador-At-Large Director, The Institute of Policy Studies Language English/Mandarin Date 25 January 1991 (Friday) Time 7.30 pm Venue Dynasty Hotel Ballroom (3rd Level) ALL ARE WELCOME
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  • THE REGION
    • 343 9 UPI THE THAI government has decided to set up a commercial office in Phnom Penh for the first time even though it does not recognise the Vict-namesc-installcd Cambodian government. According to a Thai government spokesman, the Thai Cabinet approved on Tuesday the
      UPI  -  343 words
    • 275 9 AFP THE VIETNAMESE government plans to cut its administrative labour force by 20 per cent this year after getting rid of more than 40,000 civil servants since 1987. The country has also launched a sweeping inspection of its financial sector that will include
      AFP  -  275 words
    • 147 9 NST EXCESSIVE logging around Malacca may have contributed to the current dry spell in the state, according to Primary Industries Minister Datuk Seri Dr Lim Keng Yaik. Dr Lim said such activities could have led to changes in the ecosystem. U I would like to urge
      NST  -  147 words
    • 62 9 Wang Dan reading a statement to reporters during the pro-democracy demonstrations in Beijing in the spring of 1989. Mr Wang was put at the top of the police most wanted list of student leaders after the crackdown in June 1989, and was brought to trial
      Reuter picture  -  62 words
    • 525 9 Aquaculture venture's prospects look good Bernama FIVE YEARS after its launching and getting over some bad patches, Sarawak's first aquaculture project in Mukah about 120 km from Sibu is now firmly headed for succcss. The Ms 3 million project on a 13-hcctarc site, once
      Bernama  -  525 words
    • 218 9 THAILAND will present a new proposal for scrapping of import tariffs on cement at the meeting of senior economic officials of Ascan members in Jakarta next month, reports the Bangkok Post. The proposal,'*zcro option". was aimed also at increasing intra-Ascan cooperation, the paper reported on
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    • 259 9 Reuter AMERICAN credit agency Standard Poor's cut its rating for the New Zealand government yesterday, delivering a blow to the country's reputation as it tackled heavy overseas debts and a big budget deficit. Finance Minister Ruth Richardson said the cut from AA to AA-minus,
      Reuter  -  259 words
    • NOTE BOOK
      • 63 9 THE RECESSION is biting Australian business hard, with government figures showing a steep jump in bankruptcies in the three months to the end of 1990. Government statistics released yesterday showed overall bankruptcies and voluntary arrangements with creditors had risen by 56.8 per cent to
        63 words
      • 81 9 MALAYSIA must begin to look for new markets to substitute for those of Gulf countries engaged in the war, Primary Industries Minister Lim Keng Yaik said on Monday. "It is not that we do not want to export the commodities to the Gulf countries
        81 words
      • 62 9 AUSTRALIA has launched a culinary attack on Japanese tastebuds. Neville Wran, chairman of the Commonwealth Scientific and Industrial Research Organisation, is trying to persuade a tough team of tasters in Tokyo that Australian food companies can satisfy the Asian palate. Relaxed import barriers have lowered prices
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      • 49 9 MALAYSIA AND YUGOSLAVIA have exchanged instruments of ratification on the agreement for avoidance of double taxation. The agreement, with respect to taxes on income between the two countries, was signed on April 24 last year. The agreement came into effect at the beginning of this month.
        49 words
      • 67 9 SARAWAK has yet to gain popularity among the Japanese as a holiday destination because not enough has been done to publicise and promote the state in Japan, according to sonic travel agents in Kuching They said yesterday the state also lacked various tourist facilities such
        67 words
      • 64 9 THAILAND'S industrial output rose a preliminary 13.2 per cent year-on-year in November against 13.7 per cent in October and 18.5 per cent a year ago, the Bank of Thailand said. The November expansion, the lowest in at least 22 months and the fifth straight smallest monthly
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  • Page 9 Advertisements
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    • 185 9 Opportunities in EC and Eastern Europe Whatever the outcome at the Gulf, no businessman can ignore the reunification of Germany, EC 1992 and an emerging Eastern Europe in the *****. How can businesses in this part of the world tap the immense trade and other opportunities in Europe? Should they
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  • THE WORLD 1
    • 443 10 Gorbachev accused of bowing to hardliners Reuter A FORMER top Kremlin aide says the Soviet Union is heading fast into economic catastrophe and President Mikhail Gorbachev and his team arc doing nothing to stop it. Stanislav Shatalin, for almost a year Mr Gorbachev's
      Reuter  -  443 words
    • 265 10 Reuter SOVIET President Mikhail Gorbachev announced on Tuesday that he was withdrawing 50 and 100 rouble notes from circulation at midnight. The presidential decree, published by the Tass news agency, is an apparent bid to control the country's burgeoning money supply.
      Reuter  -  265 words
    • 550 10 US seeks more financing for Gulf War IHT GERMAN Chancellor Helmut Kohl's iron-clad pledge to avoid any tax increases appeared to be softening on Tuesday under the weight of new US requests for aid in the Gulf crisis. Friedrich Bohl, chief of the parliamentary
      IHT  -  550 words
    • 588 10 AP THE EUROPEAN Community's top agriculture official, saying the EC farm sector is in crisis, has called for drastic changes in the generous subsidy programme for the 12mcmbcr grouping's 10 million farmers. The EC's Common Agricultural Program and its open-ended subsidies have been
      AP  -  588 words
    • 364 10 Reuter JAPAN must allow foreign lawyers more rights to practise if it wants to improve its trade relations with the US, says a leading American trade official. "We believe having a mixed firm of foreign and Japanese lawyers will improve
      Reuter  -  364 words
    • 492 11 Govt to start auctioning state industries this week Reuter PAKISTAN eased exchange controls on Tuesday to attract foreign investment and foreign currency earned by its nationals abroad. Finance Minister Sartaj Aziz also said that the Pakistani government would begin auctioning state-run industries later
      Reuter  -  492 words
    • 432 11 Reuter EXPORTS were China's 1990 success story, but that economic triumph may become a diplomatic failure. Booming exports and curtailed imports gave China its first trade surplus since 1983 and the biggest in its history. The flood of goods to the US
      Reuter  -  432 words
    • 172 11 AFP PERUVIAN President Alberto Fujimori has proposed the United States pardon a part of Peru's external debt and lower US trade barriers to crops substituting coca leaves in a new plan aimed at fighting drug trafficking, the government's press office
      AFP  -  172 words
    • 174 11 Reuter POLAND began talks with the International Monetary Fund on Tuesday about a new three-year agreement to bolster the country's free-market reforms, a Finance Ministry official said. Andrzej Chmiel said the high-level IMF mission would review the state of Poland's economy a year after
      Reuter  -  174 words
    • 338 11 AFP INDIA'S troubled economy has found a cushion to tall back on after wrangling a sorely-needed loan from the International Monetae Fund (IMF), but analysts in New Delhi warn that the bail-out is only temporary. Prime Minister Chandra Shckhar's fledgling administration would have to keep
      AFP  -  338 words
    • WORLD WATCH
      • 85 11 JAPAN'S National Tax Administration Agency has revalued land in 47 prefectural capitals by an average of 38.1 per cent, the sharpest increase in 29 years. The agency's officials said the revised standards, used to assess inheritance and gift taxes, included an average increase of 16.6
        85 words
      • 76 11 MORE THAN 1,000 people in Hongkong have expressed interest in working on a US turkey farm in return for a "green card" work permit despite the expensive fee, the Hongkong Standard reported yesterday. More than 1,000 people called up "day and night" after the
        76 words
      • 75 11 COMMONWEALTH Secretary-General Chief Emeka Anyaoku will hold talks with World Bank and IMF officials on the impact of the Gulf war on developing countries during a five-day visit to Washington starting today. His talks will focus on ways to ease the burden of the
        75 words
      • 74 11 PRESIDENT George Bush moved closer to granting Bulgaria most favoured nation (MFN) status for liberalising its emigration policy, the White House announced. Mr Bush urged Congress to waive the 1974 Jackson-Vanik amendment which prohibits countries which restrict emigration from receiving preferential trade treatment. Before the
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  • Page 10 Advertisements
    • 583 10 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF WELLES PTE LTD (In voluntary liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held on 23 January 1991 the following special resolutions were passed:RESOLVED That Welles Pte Ltd be wound
      583 words
    • 583 10 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF WIGNER INVESTMENT PTE LTD (In voluntary liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held on 23 January 1991 the following special resolutions were passed RESOLVED That Wigner Investment Pte Ltd
      583 words
    • 340 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 56 AND IN THE MATTER OF HIAP CHUAN PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at SI Anson Road. #02-57 A #02 59 Anson Centre. Singapore 0207.
      340 words
    • 282 10 IN TNI MATTER OP THE COMPANIES ACT, CAP. SO AND COLONIAL FIDELITY INSURANCE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 1 Colombo Court #04-06 Singapore 0617 on the 19th January 1991. the following Special Resolution was duly passed
      282 words
    • 270 10 IN TNI MATT™ Of TNI COMPANIES ACT, CAP. SO ANO COLONIAL INSURANCE MANAOIMINTPTI LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convanad and held at 1 Colombo Court #04-06 Singapora 0617 on the 19th January 1991, tha following Special Resolution was duly passed RESOLVED
      270 words
    • 585 10 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF FINELANO INVESTMENT PTE LTD (In voluntary liquidation) At an Extraordinary General Meeting ol the abovenamed company duly convened and held on 23 January 1991 the following special resolutions were passed:RESOLVED That Fineland Investment Pte Ltd be
      585 words

  • Page 11 Advertisements
    • 148 11 t "^P^^n^SHHkw W V W \l -*3H K A. __^|h g| lnC I 1. "i I I PjiinT i iii ii ih firmi le: JHHp .VJSjf /NDULGE IN LIFE'S SIMPLE PLEASURES The 940 Estate from Volvo. A luxury car designed lo reflect your laste for the best in life. With
      148 words

  • 462 12 EDITORIAL WHAT PRICE victory in the Gulf? The answer, when it comes, will probably be very different from anything the West is expecting, and the settling of accounts may be in an unaccustomed currency. The signs are there already that any settlement that protects international interests, that
    462 words
  • WHAT THE OTHERS SAY
    • 226 12 ON THE surface, the Chinese have a right to be angry over Britain's unilateral decision to go ahead with the mammoth airport-cum-port project. Quite apart from the 1984 agreement on the "need for closer cooperation" during the last few years leading to the resumption of
      226 words
    • 155 12 THE GULF war has created great uncertainty in the world economy. No one knows for sure when it will end. Singapore is vulnerable to the impact ot the Gulf war, although the real impact on our economy is still not certain. The move by the SMRT to
      155 words
    • 154 12 THE IRAQIS' Scud attacks on Israel have made a political rather than military impact. Firstly, the world is reassessing the effectiveness so far of Operation Desert Storm. Secondly, it may change the war from that of liberating Kuwait to another Middle East war or one between
      154 words
  • REGIONAL VIEWPOINTS
    • 166 12 THE GOVERNMENT is keeping tabs on traders who arc wont to take advantage of any change in the domestic or global situation to make a fast buck. The public should therefore find it reassuring that pre-emptive measures are being taken to prevent unscrupulous retailers and others from exploiting
      166 words
    • 147 12 ISLAMIC AFFAIRS experts point out that, among other things, the Gulf crisis has sharpened the focus on the Palestinian issue and unleashed potent forces that could have far-reaching implications for a long time to come even after the current fighting ends. Islamic fundamentalism and Arab-inspired
      147 words
    • 190 12 THERE ARE growing signs that the Gulf war might drag on despite initial speculation by some observers that it would promptly. While the flames of war spread contrary to our expectations. Finance Minister Ryutaro Hashimoto has promised his American counterpart Nicholas Brady to "make contributions according
      190 words
  • 681 12 The chaos on Bangkok's roads is bringing life to a standstill. But, there may be help at hand. Hongkong's Hopewell Holdings has come up with a rail transit plan that could be the answer to the city's problems BANGKOK'S traffic has reachcd
    681 words
  • Page 12 Advertisements
    • 87 12 .v? *i f*- 1. V £Vj"Sy "^tllv'lvr j-. t "5' KLM's worldwide network. Stretching across continents. Linking more than 140 destinations in 77 countries, with still more to come. With friendly and reliable service in the air and on the ground. Helping the business traveller make the right connections. Leaving
      87 words
  • Page 12 Miscellaneous
    • 77 12 DOONESBURY by garry trudeau r—| I f PETER, I'M HERE AT KINO MAJIP, WHAVS THE STOW HERE* ANP YBT HERE YOU ARE, y KHAUPCWNTK/OUB, TALKING SOUXERS FROM A POZEN FAR FFOM THE FRONT, SIPPING AS ARB AZLAJi, HELL TO MAJIPALKAKI, ONE OF MANY COUNTRIES', INCIWINO FEUOUJ A FROSTY BEVERAGE BY
      77 words

  • ANALYSIS
    • 806 13  -  More people in America are turning to self-employment, reports Louis Uchitelle Louis Uchitelle NYT THE late 20th century has left quite a mark on the American labour force. The very image of the worker has switched from blue-col-lar factory hand to white-collar sales clerk.
      NYT  -  806 words
    • 1110 13  -  Will the marriage of convenience in Kelantan between PAS (Islamic Party) and Semangat 46 survive? David Chew examines the discontent that is brewing as Semangat begins to feel it has not been given its fair share of the spoils of electoral victory David Chew THE euphoria of
      1,110 words
    • 702 13  -  Tata's Steel City is resisting attempts to turn it into a state municipality, reports Barbara Crossette Barbara Crossette NYT IT's a chilly, drizzly evening in the Indian industrial town of Jamshedpur, and seven ninth-grade girls are huddled in the small room of
      NYT  -  702 words
  • Page 13 Advertisements
    • 62 13 ENVY It sometimes inspires non-Audi owners to aspire. Can be a powerful motivation to own the new 2-litre German-engineered Audi. The new Audi 80 2 0E Auto with fuel-injection Now available for registration. CHAMPION MOTORS m—— 2 Pandan Crescent (off West Coast Highway) Singapore 0512 Tel Monday to Saturday 779
      62 words

  • ADVERTISING & MARKETING
    • 707 14  -  S N Vasuki, enthralled by a marketing guru, comes away with his head full of new buzz words S N Vasuki TURBO marketing. That will be the catch phrase if companies are to survive the brave new decade of the '90s, according
      707 words
    • 623 14 Reuter DURING this week's fiveday cricket Test in Sydney between Australia and England, sponsored by Benson and Hedges cigarettes, about 250 Australians will die from smoking-rclated illnesses, health authorities estimate. During the six-month season of the New South Wales (NSW) rugby
      Reuter  -  623 words
    • 286 14 PRESIDENT SUHARTO yesterday inaugurated a new private television station run by his daughter, which will combine education with advertising. The station will be run by PT Cipta Televisi Pendidikan Indonesia (CTPIX controlled by his eldest child, Siti Hardijanti Rukmana, in cooperation with the education and information ministries. CTPI
      286 words
  • Page 14 Advertisements
    • 210 14 }&&i BPrfHf TWirvV X X l^^B^Sl ;>' »N j^jBBMRBHHRHHHBHHIHHHBHIHHHBHHIHHHHi Intel's. And our new family graphics. CAD and datahase programs by a manufactured by Intel in the world s most doing your calculations on. 4*k of Math CoPnxessors is faster- factor of five. advanced logic facility, and then tested and So
      210 words

  • SPORTS
    • SIDE LINES
      • 76 15 THE organisers of the 1992 Olympics fear the threat of terrorist attacks if the Gulf War escalates. But they are just as concerned that if the war weakens the power of the US dollar, they will run into serious financial difficulties. Josep Miguel Abad,
        76 words
      • 88 15 DEFENDING champion Evelyn Grossmann of Germany used a sassy, jazzy number to take the lead after the original programme on Tuesday in the women's competition at the 1991 European Figure Skating Championships in Bulgaria. Grossmann, in a flapper costume from the *****, skated an error-free routine
        88 words
      • 133 15 THAI snooker sensation James Wattana is dreaming of a £200,000 jackpot after turning the light out on bleary-eyed former world champion Joe Johnson in the World Masters in Birmingham on Tuesday night. Johnson, involved in a marathon men's doubles contest until 2.40 am, had to return
        133 words
      • 75 15 WORLD number one Stefan Edberg will lead Sweden in its Davis Cup first round match against Yugoslavia in Zagreb from Feb 1-3. Captain John-Anders Sjogren said Edberg would be joined by Jonas Svcnsson, Magnus Gustafsson and Peter Lundgrcn, with Nicklas Kulti and Magnus Larsson taking part
        75 words
    • 1079 15 Australian Open AP A YEAR after Ivan Lendl took a tainted victory in the Australian Open over an injured Stefan Edberg, they brushed aside outclassed opponents to set up a re-match in the semi-finals tomorrow. Lendl served 10 aces but lost his range
      AP  -  1,079 words
    • 327 15 AP LAWRENCE TAYLOR freely acknowledges it: Bruce Smith is the best defensive player in football today. And Smith? He says he learned it all by watching Taylor on film. When the New York Giants played the Buffalo Bills five weeks ago,
      AP  -  327 words
    • 255 15 AP AMERICAN golfer Lanny Wadkins will be going after his second major tournament win in as many weeks when he begins play today in the U*****,000 Vines Classic in Perth. Last Sunday Wadkins, who trailed third-round leader John Cook of the United States
      AP  -  255 words
  • Page 15 Advertisements

  • Page 16 Advertisements
    • 219 16 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Didn't I see you at Scandals? PHIPPI^PHBHPPPHHfc: v >jO^M^^IHiPP^IPHtoMtfMPHBHHPhtaMrZ3fe% ►'.very Thursday: ladies Night. Kvery Night: The place to wc and be vecn. Scandals, Singapore's most sophisticated club and meeting place. For details on membership,
      219 words
    • 296 16 worid 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 Scotts Lounge. Hyatt Regency Singapore 10-12 Scuds Road Singapore 0922 Tel 733 1 1HK Live Seafood Chinese Treat voutvlf to the freshest
      296 words
    • 272 16 A winning combination! Indulge in gourmet fare that combines the exquisite taste of Cantonese cooking with the spicy flavours of Thai cuisine. Menu changes regularly. Lunch or dinner Adult: $16+ Child: $10+ Plaza Hotel SIhCARORt Cale Plaza Brat* Road Stanaporr 0719 TH *****11 Steamboat (Buffet •Cr <r ir Feast on
      272 words
    • 234 16 24 hours^^KS^^ IF©©o> IFA^i Lunch (11 30am -2 00pm) Dinner (6 30pm 10 OQpm) $14.50** adult $10.00" child All time Chinese, Malay and Indian favour- f ites assembled for your dining delight. Spicy HighTm: Sambal Ikan, savoury Hokien Mee, fragrant $B.oo** Lamb Curry, relish the authentic tastes. And cool refreshing
      234 words
  • Page 16 Miscellaneous
    • 760 16 TELEVISION AND RADIO m—mwum n. »*>** v* **msu inimmnae «n mrua* .wwmmammMn«n—————■y—— /T 1 J- i_ SBCI2 10.30 Thursday Feature Special £ciS(Mr# BUSINESS ON RADIO IVlOOnllgnt City 730 ""n** 1 want ThC ROCkS <See sS Etaamftea Ctepmaahi (Car- BBC, 85.9 mHz in VHF Band B O *7 My F Y.
      760 words

  • LIFESTYLE
    • 843 17  -  Remember the era of innocent love of the 50s and 60s, portrayed in movies such as April Love, and State Fair? Recall, if you will, such songs as Tutti Fruiti, Long Tall Sally and Ain't That a Shame. Now, bring to mind America's crooner, rat Boone,
      843 words
    • 456 17 CHATTERBOX THE Gulf war has failed to dampen enthusiasm for a ritzy fashion event in Hongkong, as buyers are placing orders worth some U5562.5 million for local makes, the organiser said on Tuesday. "It's quite a surprise, as our four-day show started
      456 words
    • 392 17 Boxes or looking for Mr Right The Necessary Stage's first 1991 effort explores the familiar theme of human relationships within the local context WHILE other drama groups search afar for production ideas and material. The Necessary Stage seems to have found a lucrative niche in exploring human relationships and issues
      392 words
    • 213 17 Reuter Blanket television coverage of the Gulf War could disturb young children, but switching off may not be the answer, the New Zealand Mental Health Foundation said. Children aged six or seven were most at risk because they were just beginning to distinguish fantasy from
      Reuter  -  213 words
  • Page 17 Advertisements
    • 288 17 AND ENTERTAIN I The Happiest Hours In Town. I I i I -dam y owning I x hoi RS I hiiV HAM TO I AM I Happy Hours at The Fountain Lounge I means enjoying a complimentary drink with I every one you order. Plus, 25% off bottle I purchases.
      288 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 902 18  -  By William Chia SHARE PRICES on the local bourse closed broadly lower in quiet trade yesterday as uncertainties over the Gulf war continued to depress sentiment. The Straits Times Industrials Index shed 9.58 points to 1,200.26. An analyst said that with sentiment remaining bearish,
      902 words
    • 3218 18 Cr's Gr*s 1990/91 ,e l*st Vol Day Last Quote Div Div Yld Net M Cap High Low Code Company Sale +or- ("000) High Low Buyer Seller Or P/F Smil INDUSTRIAL COMMERCIAL 277 152 1000 Acma 170 unch 10 170 169 170 172 55 lu i AISJXF a! .225 14, ijj
      3,218 words

  • 3956 19 Main Board SIM I I twvign l W5 H5 H.5% Klan 50" 570 HO 1.8% Itouslemlco 178 t7 '4.1% Ko(h huh >0* 4X0 <> 1.3% Mil I'ackaging 250 16 2.5% II Kuyai 178 16 »-3.5% S|»| I 755 5 10.7% SNI» 50* 500 160 t
    3,956 words

  • BT SHARE INFORMATION SERVICE
    • 292 20 Company Oat* Year Group Nat Nat earnings Grass aan to profit/toss (L) par share dividend ('000) (caats) C&C Jan 14 Sep 90 $53,947(134.649) 308(235a) 15(85a) F8N Jan 14 Sep 90 $53.080($62,868) 30 1(36 5) 179(179) H Msia Jan 14 Sep 90 $l,886<$402) 114(2.4) 20(5) Times Pub Jan 3
      292 words
    • 193 20 Company Date Year Group pre-tax Net earnings Crwt mh to profit/IMS (L) par «fcara dMdeed (000) (ceets) H Leong Credit Jan 8 Jun 90 MJ35.181 (MJ25.440) 218(16.*) 10(10) Leong Huat Jan 2 Dec 89 $182l($356l) -<-) Pacific Can Dec 28 Sep 90 $l,387l($562h) -(0 7) Van der Horst
      193 words
    • 250 20 Company Date MaH-ytar Grwpprt-tax tatori* a an to profit/lots (L) drod««d ('•00) H Sateras Dec 31 Sep 90 M$462l($369L) Hetan Dec 28 Sep 90 $10.458(-) -(10) MCB Hldgs Dec 27 Sep 90 M$l,333($1.3190 —(2.5) Pea Msia Dec 27 Sep 90 M$3.590($294L) Ain HWgs Dec 26 Sep 90 $l,446l($257)
      250 words
    • 1258 20 22 Publicly listed Sembawang Maritime Ltd (SML) has been awarded two ship lengthening contracts totalling more than $7m Jan 21 Singmarine Industries, a subsidiary ot Keppel Corpn. has entered into an agreement with Volvo East Asia to acquire a 70% stake in Nedco Engineering tor $1 7m lan
      1,258 words
    • 338 20 Curraat Ex Btoki Data Tatal far Trial tor mint data daaa payaMa tha yaar last yaar MSB 10%<b) Jan 4 Jan 18 Jan 28 10% 12% MR NYA Dec 14 Jan 3 Feb 15 NYA 28% 5%TE Feb 25 Mar 7 May 15 12 5%TE 25%TE CiC 11%
      338 words
    • 656 20 Singapore Slwhl Last FuB Yaar Campm Period Date Hit K &«s W ammd «fc* (cents) pro* last year (TOO!) CM) Packapif Interim Nov 13 Dec 90 29 7 13 2 11.616(e) BMT Intern tan 10 Jun 91 2542 150 0 773 Khonf Guan Interim Ian 12 Apr 91
      656 words
    • 88 20 Company Rights Issue Causeway kn Three-tor tour 1060 per share Ex-date Oec 10 Books dose Oec 20 Acceptance t Payment Feb 1 M One for-one (a. MSI 50 per share Ex-date Dec 10 Books close Oec 26 Acceptance Payment Feb 11 Company Others UC6 Otter tor sale of
      88 words
    • 327 20 Company Rights issue Alcm One-for two MSI 00 per share Issue of tOm Cumulative Redeemable Preference Shares ol MJO 10 each at M$1 per share with 10m detachable TSR BoRm One for four fe, Mt?00 per share p»C8 Capital Reduction Scheme to reduce par value of shares from
      327 words
    • 686 20 BONDS, LOANS WARRANTS Ciwpanj Coawretw port* Crrioa torn tor oao ordtoy «>«rt CBC Nt Before 26/4/93 1 warrant plus $3 09 cash Cawiy loan r■■!■!) M 2/10/89 to 20/10/94 1 warrant plus JO 77 cash of 1 warrant plus JO 77 nominal amount of loan stock Chuan ft? Notes 3
      686 words
    • 194 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 foftv *****9 (18/1/91) 1991 1213.60 (18/1/91) 99 to? ***** 6 9 1951 1149 08 < 16/1/91 > 990 Ek ***** 6/7/90 1990 1607 12 < 27/3/90 > 990 tof 981 07 09' 11/90 1990 1079 50 < 11 l 90
      194 words
    • 172 20 fanes PiflMwf Ltd: AGM at the Taurus Room, Level 1, Marina Mandarin Singapore. 6 Raffles Boulevard. Marina Square. Singapore 0103 on Friday. Jan 25. at 11am Fraser I Neave Ltd: 92nd AGM and EGM at 475 River Valley Road. Singapore 1024 on Thursday, Jan 31, at 10am Roxy
      172 words
  • Page 20 Advertisements
    • 156 20 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 of
      156 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 905 21 Bernama SHARE PRICES in Kuala Lumpur ended broadly lower yesterday as news of Iraq's latest missile attack on Israel and of fires at oil installations in Kuwait caused major overseas bourses to weaken and prompted some nervous selling on the KL market. The KLSE
      Bernama  -  905 words
    • 3115 21 1991 Last Vol Day Net C»p High Low Company Sale "000 High Low P/E Smil INDUSTRIALS 188 165 AISII 50* 165 -10 99 170 165 40.2 169.3 342 316 ASM 50" 328 -4 57 328 328 29.3 1346.4 2% 280 Acidchcm 285 unch 12 285 282 122.5 255 250 Ajinomoio
      3,115 words
  • Page 21 Advertisements
    • 54 21 W Neste Singapore Holdings 1 V I on the Official Opening of Neste Corporation's Ijj I Operational Headquarters in Singapore on IJjjj l| We are proud to be partners with Neste Chemicals ■'4 based resins in Sarawak under the name of L HEXZA-NESTE CHEMICALS SDN, BHD, Mm The Chairman and
      54 words

  • TOKYO STOCK EXCHANGE
    • 2213 22 TOKYO stocks closed easier yesterday after uncertainties over the war in the Middle East made for another day of extremely thin trade. Brokers said the market suffered broad but moderate losses, hitting especially large-capital construction, shipping and steel issues. "We had a little gain
      2,213 words
  • STOCK EXCHANGE OF HONGKONG
    • 1686 22 Reuter HONGKONG STOCKS closed higher on over-seas-led buying yesterday, leaving brokers puzzled as to why foreign investors singled out the local bourse as a buying target when markets in Tokyo and elsewhere in the region slid. "It's hard to explain because other regional and
      Reuter  -  1,686 words
  • Page 22 Advertisements

  • REGIONAL STOCK MARKETS
    • Stocks on Asian markets take a beating
      • 812 23 NEWS of more Iraqi attacks on Tel Aviv and a blitz on oil installations in Kuwait weakened major offshore markets and sent Australian shares to a weaker close yesterday. The All Ordinaries Index closed 5.8 points lower at 1,263.8. Brokers said arbitrage trade dried up ahead of today's options
        812 words
      • 681 23 PRICES in Bangkok yesterday slipped 2.3 per cent in light trading for the third consecutive day, with the Securities Exchange of Thailand Index dropping 14.62 points to close at 611.13. "The war in the Gulf has begun escalating and nobody knows the future of the events in the Middle
        681 words
      • 592 23 JAKARTA stock trading continued to be slow yesterday, with turnover plunging to 651,200 shares from Tuesday's one million and the official index easing 0.39 points to 387.07. Brokers said prices closed lower with only a handful of favourite shares traded as liquidity problems continued to squeeze the market. Semen
        592 words
      • 801 23 SEOUL stocks yesterday continued to plummet across the board in lacklustre trade as the prospect that the Gulf war could be lengthy pulled down the index. The Composite Index ended the day at 625.22, down 7.7 points from Tues- day's close. Volume was very weak at 7.5 million shares
        801 words
      • 500 23 PHILIPPINE share prices took a cautious turn and stalled an attempted rally as news of Iraq's latest missile attack on Tel Aviv knocked traders' confidence yesterday. Indices closed mixed, but the main Manila Stock Exchange Compos- ite Index finished 3.42 points down at 648.70 after profit-taking pared mid-ses-sion gains.
        500 words
      • 371 23 PANIC SELLING spurred by Iraq's torching of oil wells and tanks in occupied Kuwait sent share prices on the Taiwan Stock Exchange plummeting across the board yesterday. The benchmark Weighted Price Index slipped 243.69 points or six per cent to close at 3,832.25 points, after a 58.18-point decline on
        371 words
      • 50 23 NEW ZEALAND shares ended considerably weaker yesterday with blue chips taking the biggest hammering as nervous investors took their cue from a 26 point fall in the Dow Jones Industrial Average. The Barclays Index fell 22.31 points to 1,190.83. Turnover was 4.63 million shares worth 7.20 million shares.
        50 words
      • 65 23 BOMBAY SHARES ended broadly down in light volume as the Bombay Stock Exchange (BSE) reopened yesterday after a week-long closure. 'Trading was slow, sedate," broker Nimesh Shah said. "Business was mostly squaring up of outstanding positions. There were no fresh commitments." The BSE Index fell 16.34 points, or 1.61
        65 words
      • 543 23 (lose Pre*iow Jan 23 SYDNEY All Ordinaries Index 1263.8 1269.6 -5.8 All Industrials Index 1943.0 1954.9 -11 9 All Resources Index 742.7 744.2 -1.5 Turnover (million) 56.19 55.22 +0.97 BANGKOK SET Index 611.13 625.75 -14.62 Turnover (million baht) 1,260 1,200 60 JAKARTA Composite Index 387.07 387.46 -0.39 MANILA Composite Index
        543 words

  • WORLD STOCK MARKETS
    • Dow ends lower as Gulf news worsens
      • Article, Illustration
        1201 24 WALL STREET STOCKS fell on Tuesday as missiles flew in the Middle East and crude oil prices soared. The Dow Jones average of 30 leading industrials fell by 26 points, or 0.99 per cent, to close at 2,603.21 points. Some 177 million shares changed hands. Advancers outnumbered decliners
        1,201 words
      • Article, Illustration
        899 24 UK SHARES steadied around midday yesterday after being knocked earlier by a report Iraqi ground forces had attacked the allies in Saudi Arabia. "The market took a little fright at the report, but shrugged it off without proper confirmation," one senior trader said. The US said later skirmishes were
        899 words
      • 239 24 INVESTORS hunting for bargains yesterday helped Italian stocks recoup some of their opening losses triggered by Fiat's worse than expected 1990 results and share prices closed above the day's lows, brokers said. The MIB Index, which was down more than 3 per cent at mid-moming, officially closed 12 points
        239 words
      • 276 24 DUTCH SHARES were mixed with a firmer bias in a thin early afternoon market yesterday where all eyes were watching for further Gulf war news. "Investors are sidelined, the market is just being ruled by the Gulf," said a dealer. At 1230 GMT, the CBS tendency index was up
        276 words
      • 309 24 GERMAN SHARES ended 1.2 per cent lower in thin, cautious trade yesterday. Activity was driven by rumours about the situation in the Gulf and sentiment was again depressed by fears that the Gulf war would be long and costly. "There just was not any positive news around at all,"
        309 words
      • 238 24 FRENCH share prices drifted lower in slack midsession trade yesterday as investors, wary of an abrupt turn of events in the Gulf war, shunned new purchases, dealers said. Expiration yesterday of the monthly bourse account also stifled volume, which totaled about 700 million francs at midsession. The CAC-40 index
        238 words
      • 275 24 SWISS SHARES traded slightly firmer at midsession in thin volume yesterday as lower short-term money market rates and a firm bond market took banks and insurers higher, while the Gulf war slipped into the background. The all-share SPI index rose 2.8 points to 872.4 and the blue-chip SMI index
        275 words
      • 183 24 BELGIAN SHARES opened lower in thin, cautious trading yesterday on investor concern about the Gulf war and the crisis in the Baltic republics. "There is bad news on both sides so not much is happening," one trader said. Of the 40 shares traded at the start, 29 fell, three
        183 words
      • 204 24 TORONTO STOCKS rebounded in the last few minutes of trade on Tuesday after earlier sinking to the day's low on news of a missile attack on Tel Aviv, dealers said. "This is sort of an emotional market," said analyst Jack Stacey of Moss Lawson and Co Ltd. The composite
        204 words
      • 400 24 Jan 22 (luw Previous NEW YORK Dow Jones 2.603.21 2.629.21 -26.0 NYSE Financial 122.49 122.35 +0.14 SAP 500 328.31 331.06 -2.75 Turnover (million) 177 1 36 41 LONDON Financial Times 30 1.630.6 1.638.7 -8.1 hTSF. 100 2.081.6 2.084.0 -2.4 Turnover (million) 363.0 314.2 t48.8 AMSTERDAM CBS Tendency Index 77.7 77.8
        400 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1202 25 REPORTS THE US DOLLAR was firmer in early European trade in a market made nervous by Iraq's missile attack on Israel late on Tuesday. The missile attack raised the spectre that Israel would retaliate, widening the war. Traders said the
      1,202 words
    • 411 25 Cross rates Jan 23 IJSS S$ M$ Dm Yen SFr NZ$ USS 1.7340 2.7145 ***** 132.65 0 5144 1.2580 1.2763 1.6750 SS 0.5767 I 5655 0.8622 0.7650 ***** 0 7255 0.7361 ***** MS 0.3684 63.88 0.5507 0 4887 0.1895 0.4634 0 4702 0 6171 Dm 0.6689 1.1599
      411 words
    • 572 25 Interbank rates S$ Bid Offer Overnight 4 5/8 4 3/4 1-month 4 7/16 4 4/16 2-month 4 7/16 4 1 )/I6 3-month 4 1/2 4 5/H Overnight mode: 4-3/8 ISS Bid Offer 7 days 6 5/8 6 3/4 1 month 6 7/8 2 months 6 15/16 7 1/16
      572 words
    • 634 25 Reuter FINANCIAL MARKETS, particularly currency markets. have been stable since the outbreak of the Gulf war, US Treasury Secretary Nicholas Brady said. As long as that stability continues the Group of Seven will refrain from taking action to undermine it, he said. He
      Reuter  -  634 words
    • 1173 25 SIMEX tmooouM Open High Low Sett Est Vol Op/lnt Vol Mar 91 92.80 92.80 92.78 92.79 5200 ***** ***** Jun 91 92.88 92.89 92.87 92.88 2200 ***** 5134 Sep 91 92.78 92.79 92.77 92.78 800 3564 678 Dec 91 92.53 92.53 92.52 92.52 150 3343 385 Mar 92
      1,173 words

  • COMMODITIES
    • 439 26 AFP ALUMINIUM will be the only base metal to see firmer average prices through 1991 and the Gulf war could cause a price spike of between 5 per cent and 10 per cent, according to a report from traders Carr, Kitcat and
      AFP  -  439 words
    • 313 26 Reuter THE Australian Wheat Board is confident Iraq will pay the US$4B5 million it owes for Australian wheat and remain an important customer. "I remain confident that Iraq will honour its commitments to the Australian Wheat Board," marketing manager Ron Storey said.
      Reuter  -  313 words
    • 831 26 REPORTS THE PRICE of tin slipped two sen to settle at MS 15.09 a kg in easier trading on the Kuala Lumpur Tin Market. Although the price of the metal on the London Metal Exchange was up by US$35 a tonne, dealers
      831 words
  • 1509 26 Rubber Jan 23 s ccnts/kg Noon (To* Inl I KSS 1'nnnpt 147 J4VI4X SON 147 54V148 M»N Int I RSS Feb «)l 14X 50/***** 14H 5tV14»# «*l Inl I KSS Mar 149 5(VI50()0 I49.54VI5000 Int 2 KSS (M* I46 0(VI4X(X)N 146(XVI4X OON Inl 1 KSS Ol' 141 (XVI43 (X)N
    1,509 words
  • Page 26 Advertisements
    • 724 26 NOTICE NOTICE IS HEREBY GIVEN that, I. Wong Teag Keoog of Blk 347 Bl Batok Si 34, #01-260 Singapore 2365, have applied for a Retail Liquor Shop Licence in respect of premises at M/s Yimin Trading at Blk 347 Bt Batok St 34 #01-260 S'pore 2365, and that this application
      724 words
    • 7 26 Executive Jobs every Saturday in Business Times
      7 words

  • THE TRAVEL PAGE
    • 1065 27 City Fttgfct ETA FNgkt ETD Aba MttM GA975 1125 GA887 1225 MlhMl SQ228 1900 QF888 2330 QF5 2000 Miltwiaw SQ23 0740 KL840 2150 GA975 1125 SQ24 2300 KL839 1455 2 Aacfclaad NZ25 1825 BA11 1225 SQ325 2115 NZ26 2150 lilwhi GF148 0915 B Strl Bagawan SQ182
      1,065 words
    • 655 27  -  POSTCARD FROM NEW YORK By John Tierney TO ccrtain devotees, it became painfully clear that their Times Square is dead. At West 42nd Street's oldest theatre, the Victory, stagehands replaced the front three rows of seats the very scats where filmgoers had watchcd Hot Saddle Tramp and
      655 words
    • 146 27 As st 3pm yesterday; Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3490 1.3690 Canadian dollar 1.4800 1 5000 NZ dollar 1.020 1.050 Sterling pound 3.350 3.3800 US dollar 1.7270 1.7420 Local dollars to 100 aoits of foreign currency Austrian schilling 16.10
      146 words
    • 61 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Tel Jan 19-27 International Germany Stuttgarter (46)711/2589-0 Jan 23-27 International Madnd IFEMA ********** Exhibition For Messe Und Tounsm Trade Caravaning, Kongrcss Falr Motoring. Tourism Feb 4-9 International Netherlands Koninklije (31)30/*****1 Building Sl Nedertandse Jan 21-24 Middle Fast Manama.
      61 words
  • Page 27 Advertisements
    • 35 27 WAT^ I Ik- latest news JP And much more I From lunch-time I- Monday to Saturday Bi Latest missile hits llffLatest pictures T The issues The paper that watches the Gulf war while Singapore sleeps
      35 words
  • Page 27 Miscellaneous
    • 258 27 can be dark in bars(s,9) Hf Hm" 9 No deed is prepared to be so incquitablc(3-5) 10 j j 10 In a manner of speaking, I IH IH the H H H H 12 It is found as well in allu- 12 j j I I I I j vial
      258 words
    • 210 27 Singapore Outlook: Showers over several ueas in the afternoon. Forecast Maximum temperature 319* C Assoc humidity 64% Minimum temperature 23.9* C Assoc humidity 96% Hours of sunshine 7.70 Rainfall in mm Nil Rainfall this month 65.8 Rainy days this month 7 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 27/18 Windy Bangkok
      210 words
    • 20 27 Pc w MIS JRU> IS SCT-. 7 D ft Y R3R S P^cKa— 8352 A EVENING STANDARD CO LTD IM2-IMI
      20 words

  • 481 28  -  Senior Minister sees a new balance after Gulf War From Magdalene Ng in WASHINGTON THE EAST Asian trade bloc proposed by Malaysia's premier Dr Mahathir Mohamad is complementary to the Asia-Pacific Economic Cooperation (Apec) and useful to Asean. Senior Minister Lee
    481 words
  • 133 28 AFP MALAYSIAN Prime Minister Mahathir Mohamad yesterday said Malaysia hoped to convene a ministerial meeting this year to launch an East Asia Economic Grouping (EAEG) to counter Western trade blocs. He said that the Malaysian proposal floated late last year had already received support
    AFP  -  133 words
  • 202 28 THE gulf ■ti MUSLIM Members of Parliament yesterday appealed to Muslims in Singapore to be calm and patient and not to be misled by Iraqi President Saddam Hussein's attempt to link the war to the Palestinian issue to justify his act of
    202 words
  • 223 28 ALTHOUGH the impact of the Gulf crisis has yet to show in third quarter figures from the Urban Redevelopment Authority, there was already a sharp drop in the number of new residential projects. The potential supply of private residential units grew by only one
    223 words
  • 634 28  -  The Bottom Line KENNETH JAMES KENNETH JAMES The writer is BT's Economics Correspondent AT THE VERY LEAST, Malaysia's proactive proposal for an East Asian economic grouping is assured of a sympathetic hearing at the Asean level. The challenge now
    634 words
  • Page 28 Advertisements
    • 118 28 Nikon The World's Finest Photographic Systems I f ■PUk* W r Ahmbmw BBBHBBBBMHHBBHIBMHBWBBBBBB (TO CEfIRUTIIBBI SPORT TENNIS BEACH-WEAR C.OLF by NnoCerDl II Men's Sportswear: -01-15 Hie Para**!. I V hard Ri.ad Ti l 2*5 *>SS #02 54/60 Wism.i Atria. iVhard Ti l 7 M *60 •01-45 Forum (idlleru, (VharJ Road
      118 words
    • 295 28 Nikon The World's Finest Photographic Systems "The important thing is not just after... But after after." Before: "With my former size, I was an easy target for jokes. I weighed a hefty 98.7 kgs." After: "At the end of 23 half-hour sessions, I shed 17 cms off my waist, 12
      295 words

  • Shipping Times
    • 716 29  -  THE mu LF M/fAR From Shirish Nadkarni 1N BOMBAY A SERIOUS shipping squeeze, one of the expected fallouts from the war in the Gulf, has already started to hit Indian trade and industry. But there could well be shortterm benefits for Singapore and
      716 words
    • 198 29 AFP INDIAN tankers manned by crews equipped with gas masks will sail to the Persian Gulf to lift crude oil supplies despite hostilities in the region. The Press Trust of India (PTI) on Monday quoted shipping sources as saying that the government ordered
      AFP  -  198 words
    • 326 29  -  By Khaidir Abd Majid THE KELANG Container Terminal (KCT) is arranging with bonded depots in the Port Klang area to meet the storage requirement of shipping lines laden with containers heading for West Asia. A terminal spokesman said several shipping lines on Monday
      326 words
    • 243 29 IRAN is to revive the use of Island near the mouth of the Gulf as an alternative to its Kharg terminal, which is some 400 kilometres closer to hostilities. The country plans to shuttle oil down the Gulf in Iranian tonnage for transfer to very
      243 words
    • 123 29 Bernama PRICE WATERHOUSE, the accounting firm, is conducting a study to install an electronic data interchange to ease congestion at the Klang Container Terminal, the Malaysian Parliament was told. Deputy Transport Minister Datin Paduka Hajah Zaleha Ismail said the firm was expected to submit its
      Bernama  -  123 words
    • 392 29 NYT THE CARVING UP of Eastern Airlines continued on Tuesday as Northwest Airlines agreed to buy the carrier's gates, landing and takeoff rights and other operations at Washington National Airport for U5523.2 million. The Northwest purchase follows by a day the announcement
      NYT  -  392 words
    • 445 29  -  By Rahita Elias UK-BASED DOWTY Communications Networking is making great strides in South-cast Asia's telecommunications market, having bagged several major deals, and with more on the way. Its Singapore office, which in January last year became the regional head olTicc for South-cast
      445 words
    • NEWS SUMMARY
    • LOG BOOK
      • 68 30 BRITISH AIRWAYS has for the first time appointed four Singapore stewardesses to supervisory roles on board the daily non-stop 747-400 flights to and from London. The carrier was alsn among the first European airlines to recruit local cabin crew when it started doing
        68 words
      • 77 30 CONTINENTAL AIRLINES said it will help travellers who planned to fly Eastern Airlines which ceased operations on Jan 18. Continental also said it will add capacity to certain routes when it experiences additional demand. Until further notice, tickets originally issued by Eastern for travel on Eastern will
        77 words
      • 69 30 DEUTSCHE BUNDESPOST TELEKOM, the telecommunications arm of state-owned postal authority, said it set up a consortium with British Telecommunications pic and France Telecom to bid for Hungarian mobile phone networks. Telekom said in a statement that the consortium hoped to win the bid to build
        69 words
      • 102 30 NWA INC said that it asked the US Department of Transportation to vacate a September 1989 ruling that required US$25O million of preferred stock owned by KLM Royal Dutch Airlines to be redeemed by the airline by the end of September 1991. The preferred stock
        102 words
      • 63 30 METRO AIRLINES INC has shut its Eastern Metro Express business, which operated in conjunction with Continental Airlines Inc's Eastern Airlines, by running flights from other Georgia cities into the Eastern hub in Atlanta. Metro Express president Robert Phillips said that Metro Express has lost about USS3O
        63 words
      • 109 30 TRANSPORT USERS in the European Community will have to pay more if a crisis in the transport sector is to be averted, a group of experts said in a report to EC Transport Commissioner Karel van Miert. The report, commissioned by Mr van Miert,
        109 words
    • 779 30  -  The planned widening of the Panama Canal may no longer be necessary as the rate of increase in shipping through it has fallen. Still, the Gulf War may change the situation, reports Tim Coone Tim Coone FT PLANS to widen the narrowest part of the Panama
      FT  -  779 words
    • 568 30 THOUGH Bangkok is the fastest-growing airport, both Singapore and Hongkong are way ahead of it in terms of international passenger and aircraft movements, according to the 1989 Statistical Yearbook of the International Civil Aviation Organisation. However, Thailand fares better if
      568 words
    • 894 30 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
      894 words
    • 12664 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure Irom the Port of Singapore. Advanced dates are published for a maximum
      12,664 words
    • 3264 43 A.BC Containerline NV: Belsin I Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ltd
      3,264 words
    • 241 43 Abacus Couriers Tel: 545-8011. Fax: *****98 Air Express Travel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844. Fax: *****16, *****80. Airswill Worldwide owner Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-1 ink International Tel: 344-3377. Fax: *****50. Cluster Link Supplies A
      241 words
    • 1487 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activnir Singapore Tel: 542-7822. Fax: *****20. Aeroiink Freight International Tel: 545-8033. Fax: *****05. Tel: U 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express Internntional Tel: 542-7666. Fax: *****74, *****50. Air
      1,487 words
    • 2580 44 ARGENTINA San Lorenzo: Two vessels loading pelletized meals; 1 vessel in roads awaiting shippers' orders to load sunflower seed. Rosario: Two vessels operating ol which I loading pelletized meal, 1 loading by-products; 2 vessels berthed in ballast awaiting orders. Villa Constitucion: Two vessels in port of which I
      2,580 words
    • 545 44 ARRIVALS Op night Tyye ETA T From TODAY KAL KE697 B747F 0220 I SEL NCA KZ203 B747F 2005 1 NRT FDX FM75 B747F 2235 1 ATL/BOS/JFK/ ANC/NRT/TPE KAL KE685 A30F 2340 1 SEL/MNL TOMORROW JAL JL61S B747F 0235 1 NRT THA TG041 DC8F 1410 I BKK/KUL SIA
      545 words
    • 314 44 CRUISE FERRY SCHEDULES CRUISE SNIPS Ait Dep Name of Vessel ETA FID Port Agent Ports of Calb JANUARY 24 24 Ocean Pearl 0700 0300 Reefer Lines Penang-Sin-BaJi 26 26 Sea Goddess II 0600 1700 Thoresen Co Jakarta-Sin-P Pelangi 28 28 Song of Rower 1000 2300 Neptune Agencies Phuket-Sin-Penang 29 29
      314 words
    • 468 44 SHIP SALES TANKER RATES VESSELS SOU) FOR FURTHER TRADING 8..1 L n DUIK earners The Panamax Cosmos: 66,742 dwt and built 1984, sold to unnamed interests for about US$l3 million. The Wilmaster 36,416 dwt and built 1977, sold to Greek buyers for around US$B million. Mega Brook: 123,003 dwt and
      468 words
    • SHIPS IN PORT
      • 514 45 Htmt ll» BUI krk* Dytot Koppol Wharvts Baiywshan 1/91 IU2 alongside 24.01/1830 Con Echuen 12B14 K33 alongsde 23.01/2300 Cora Pcess 001 (P) K29 alongside 23 01/1745 Kota Pusaka E-882 K31 alongside 28.01/0600 L Jai Bontan 1802W C10 alongside 23.01/2300 Song Saigon 1 *30 alongside 23.01/2300 Bayswaterll8 ******
        514 words
      • 1263 45 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/Babnct 1Mb Sj> Voy No Etb/Btr Period From To Fran AO Rose 8 26/1500 2 Cancelled 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 Ad Goncharov 04SI91 25/0900 2 23/1700 24/0659 24/0900 4 24/1200 24/1459 24/1700 MaBhum 458N 24/1445
        1,263 words
      • 289 45 Pwim p«~t Berth in Butttnwrih on Ian 24: 1: nil; 2: That Ho No 1, Malayan Success; 3; Lucoma, Sang Thai Ceramic; 4. ml; 5; Shang Cheng; 6: Bunga Seroia Parang Wharf: N6: Victory, Bintang Mekar; CB: Deli lestari; SB: ml. BCT: Bl: Esperanza; BM: Isakaze; l/B:
        289 words
    • 1094 45 THE freight market was again characterised by active fixtures of Panamaxes on time-char-ter, mostly for trans-Pacific trips with redelivery in the Far East. With much uncertainty over bunker and insurance costs due to the Gulf war, timechartering may indicate a hedge against higher freight rates in the short
      1,094 words
    • 616 46 THE Reuter ASIAN shipping firms are cutting back their Middle East routes and grappling with sharply higher operating costs as the Gulf War rages, industry officials say. Insurance rates for shipping in the area have soared since fighting broke out
      Reuter  -  616 words
    • 411 46 Reuter WAR AND soaring insurance rates are forcing shippers to reassess service to the Gulf, which supplies over half the world's oil, but so far the impact on cargo traffic has been small. Merchant vessels still ply the Gulf despite
      Reuter  -  411 words
    • 193 46 UPI THE CHAIRMAN of the Suez Canal Authority said only one oil tanker from the Gulf had transitted the canal on Monday, a much lower than normal figure. "Fifty-one vessels have crossed the Suez Canal on Monday, among them only one oil tanker
      UPI  -  193 words
  • Page 29 Advertisements
    • 4 29 More reports, Back Page
      4 words
    • 518 29 HSWEE HENG METAL CO PTE LTD No. 13, Tuas Avenue 14, S"PORE 2263 FAX: 861-2946 TEL: 861-5855 (5 LINES) TLX: RS ***** SHMCPL SoteAgert CIFA Av Forwarders 15 Air Freight Schedule 16 Cocfcett Report 2 Container Schedule 1' Courier Services 15 Cruise Ferry Schedules 16 Daily Freights 1' Index to
      518 words

  • Page 30 Advertisements
    • 106 30 FOR WHO, WHAT, WHERE AHD WHEH Q} (J *0^ IH THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singapore tin advertising agencies; it charts and
      106 words

  • Page 31 Advertisements
    • 2168 31 JARDINE SHIPPING AGENCIES 200 Cantonment Road #12 05 Southpomt, Singapore 0208 AlllV# t<h *****11 telex no rs 24m TERMINAL/CFS Tel *****18 220 rCofifiul BOOKINGS Tel *****34 258 L VWQF M isam jardine shipping agencies son bho PORT KELANG TEL: *****18 TELEX NO MA*****/KA***** PENANG TEL *****4 TELEX NO MA***** CFS
      2,168 words
    • 961 31 INDEX TMDWRJgRS Page Col P>«e Col A|j M I ABC Containerline 13 5 A«cnc.es 14 1/2 Atxxjrd Group 8 1-3 Albatros Sea-A.r 14 3 *>1^ kL,ne API 5 3-5 *MISC 14 1-3 APC Line 13 4 M sia Shpg Coip 9 1/2 Arrow Lines 9 5 Mercury Line ASCL 5
      961 words
    • 2047 31 NEXT SAILING TO U.S.A. LOUIS MAERSK V.9102 ETA 28/1/91 Vessel Voy ETA ETD "Port 'Penang Keiang DESTINATIONS Thw w—k Louis 91Q2 Feede< by cy -an oaoo hrs m f*rco 4 P" hi hhhbhbshbbhhhiismihmhmhhhibh^^hi CfS 2358 MRS M Tauro OAK LGB HCHJ MEM ATL MIA CMS BAL PHL NYC MOW TOR
      2,047 words

  • Page 32 Advertisements
    • 1034 32 I |rotteoam/| kiMKKtBMffIttB&MM VOY NO SPORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE MONTE ROSA 11/507 24/1 18/2 '2« 11/2 17/2 jUISIIS KASUGA 13/511 29/1 IV2 17* BREMEN EXPRESS 01/510 417 2S/2 23/2 22/2 28/2 V LIVERPOOL BAY 03/514 4/2 21/2 24/2 28/2 BrflßsjatgßS?WMt KATSURAGI 04/513 7/2 28/2 25/2 25/2 29/2 BENALDER
      1,034 words
    • 512 32 F A DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT L. J. BONTANC 21-28/1 9/2 11/2 l«/ 2 ALSO ACCEPTING CARGO VIA SUVA TO: lAUTOKA. PAGO PAGO. APIA ft NUKUALOAFA DIRECT CHILE SERVICE SIN 100 ANF VAP CALLAO SAN (PERU) ANTONIO L. J. BONTANC 21-28/1 1/3 2/3 5/3 8/3 7/3
      512 words
    • 1179 32 RIff9BABXA &MMB REQULAH MOEP6HO6NT WILL COWTAWER SERVICE WEST66UND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (Vl* ALG) HAM) ROT) NORASIA AL-MANSOORAH 9047-3 28/01 16/02 17/02 21/02 22/02 23/02 24/02 2502 26/02 ARABIAN SEA 04<W 04/02 25/02 26/02 01/03 02/03 03/03 04£3 OSJ3 06XQ
      1,179 words

  • Page 33 Advertisements
    • 1710 33 —tejSteamers Maritime Holdings Ltdj Wj^P&O Containers MKUm I <0, No PKlang Spoie Ston Hburg Bhaven R'Uim La* I MONTI ROSA 11 50/ BAK l/10l 24,-01 110? 110? 11® W«2 ACCIPIS out *»IL» HASuGA I IJ/Sll T0673j01 23/01 IMB 17/01 19,02 CARGO I BWMIN EXPRISS 01 WO -AUU 2901 04,N 26*0?
      1,710 words
    • 1502 33 TO: U.S.A. F¥; USA os« yokomama crux »1 m*2 C */i "j 5? 5w J*} "f, Z uf! u$ tff&r&Mm r w as is BSw 9.1 3=£S ss i TO; EUROPE FM; EUROPE SP RTM BHV FIX AMD UN UH R sf. PANAMA S£ NAT Oft WF IK »1 BR
      1,502 words
    • 431 33 aaiHi STRAUS/ JAPAN/ STRAITS SERVICE I SPECIALIST IN RO-RO HEAVY LIFTS I VESSEL COSMIC SEKI ORANGE ORANGE I PIONEER PINE OCEAN RWON I VOY NO 11 25 95 'I Spore 25/1 26/1 27/1 30/1 I P Kelang 28/1 27/1 1/2 I Penang I Yartgon 1 Mongla I Chittagong I Calcutta
      431 words

  • Page 34 Advertisements
    • 628 34 Oil CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE TO EUROPE VSI.VOY (TPO«E "1 ROAM,ADAM H'BURC BREMEN ANTWERP MATARAM2BWB 4/2 W 13/3 16/3 fflfl TRIAS UNITY <B2WB 4/3 6/4 12/4 17/4 21/4 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Suto|«ct to Inducamanl. Also accepting cargo to Casablanca. Port Said. Port Alexandria Genoa. Trieste
      628 words
    • 926 34 ®jc it m. m.\ HANJIN SHIPPING FEEDER VSL SIN LINE HAUL LAX OAK S pore LEH RT* ANR HAM BRV FEL CHOYANC GLORY 002E 21/1 H POHANC 10K U/2 W2 HANJIN TONCHAE 080W 27/1 14 2 15/2 16/2 16/2 18 2 19,2 CHOYANC SUCCESS 012E 4/2 H HABWURC OOSE 4,3
      926 words
    • 1328 34 tfPTEI d-1 rl P. SGP HKC KSG KLC PUS HKT OSK NGY SM2 TTO LAX CHS BAL NYC LMV AN* RDM THP HBC PSO CMB PKL SCP nun n,i jin *1 4/? ta 1 w w w w \m 112 w 13.3 i« ifc3 75,3 *3 m »3 30/3 im
      1,328 words

  • Page 35 Advertisements
    • 1349 35 NEPTUNE AGENCIES PTE LTD SINGAPOtf Hi BOOKINGS: UK/EUROPE SERVICE—2/***** USA Sift" J m AUST/INDIA/PAK SERVICE— *****18 FAR LAS' E TERMINAL OFFICE *****22 WXUM(NI»tO*Ot/ CFS: K27—IMPORT: *****69/*****50 CFS: *V I"**' Jl% E 26fw3 S A *****«;. *31*. JW. W V». ot p*** im» "4i MOTHKK V Sl./V«»Y TtH J7x «I>M "l
      1,349 words
    • 753 35 |||N^OV hhnor* Mvit MMiaaapa MBMAMp I 1 iono«« mm pclVrtßßk I i|i www 3B> jiwi TBI w l» I i■« mm un *mm mm *mm 4MMB* I i|r vmmum mm T«* *mm mm *m 'm* W- *«4BBk i' |l Rift It' lf TSw Um mm —B> I Bp www mm
      753 words

  • Page 36 Advertisements
    • 1472 36 I Q LINE KAWASAKI KISI.N KMSHA. LTD. j EXPORT N« AWMICA PACIFIC SOUTH-WEST IMPQRT N,AMERICA PACWICSQLTH-WEST 1 IMOTHER VESSEL VOY NOUS IB OAK THY FEEDER VESSEL VOY TRY SCP j I FEEDER VESSEL VOY VNOC *PK PNG SGP MOTHER VESSEL WOT IB OAK CHI NYC j Egg J" *i; 1
      1,472 words
    • 1107 36 PHILI-ORI€NT LIN€S PTC LTD 108 ROBINSON ROAO *0/ 00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69-*****00 TELEX RS ***** PHILI FAX *****76.*****3#! BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGI IT FORWARDERS ASSOCIATION I 29 JAN MONTREAL, OTTAWA, TORONTO. I VANCOUVER, S"WESTERN ONTARIO.
      1,107 words

  • Page 37 Advertisements
    • 1339 37 ■j* s» I Mi m mmmmm mmmm 5mm m m m mm o»» nmmm mm m mm km n <«4 <*i «< «o ■m»M«t Mi «ua IM <• MMM con MI IM tffl m —mm mmmm m m HM mmm n« i 7« IM —AfcM mttmmm mm m <mm <m
      1,339 words
    • 891 37 I WMI t |i#« IK HoMtaor |#M/' ciosne tw pa of ia *?f o%« EXPRESS CONTAMBI HUM MSB MMBI VESSEL HAM 'BHAVtIi >PA». Tokyo Bay 29/12 «/12 W U•• Frankfurt Express 1/1 VIA HA VI VIA In M•• Kurama 5/1 7/1 M 7*l •< M Mi Thames 14/1 15/1 12/1
      891 words
    • 200 37 lf-«" rt i W4MIM ill M H IS Ufa mill NATIONAL eyiBDMAA I MS MMAIATA GiOMA AITM MARU 1M SlNGAfOtt JM 9 F«fe 7t '•*> ETA Logot 21 ?w*> 4 Mor 34 Mar ifetmal KAWASAKI KINKAI KIBEN KAISHA. LTD. mhim/ mm mm itmiti S'pofe P.Gudang P Kelang Penan* SITI A2ERINA
      200 words



  • Page 40 Advertisements
    • 780 40 INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUNO SIN FLX BRV ROM ANT HBC i MECKLENBURG WMIOS 25/1 23/2 22/2 25/2 24/2 20(2 PANAMA SEN NFUR 18/1 24/2 22/2 21/2 25/2 EUROPEAN SEN WlO7 5/2 1/3 2/3 2«/2 10/3 BRANDENBURG *M 10» 5/2 «/3 5/3 1/3 7/3 3/3
      780 words
    • 998 40 TEL: *****88/*****22 OUR COmOiNMTMM StKVICES TO: EUROPE 28/01 ft 02/02 LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HflMIHfUt MANCHESTER LE HARVE AND ALL EUROPE MLANO OESTHIATWNS FAR EAST PORT KELANG 1/02 8/02 MANILA 26/01 2/02 PENANG 1/02 8/02 BUSAN 26/01 2/02 BANGKOK 29/01 4/02 TOKYO 31/01 A 7/02 HONG KONG 26/01 30/01
      998 words
    • 238 40 LOADING FOR VtSStL SKMtf ICM DSN »Al»€s MVIMO JIO STS VIT PACUA MOSTWI! N I 1/4 M 17(4 »4 4ft OPT v nsoi 2 DISCHARGING FM BRAZIL VtSStL fS MUG «U W "«> T,us r 1 1 w 1 ii/i «w i« aw Regular BBulk and Container Service Direct to
      238 words
    • 1023 40 5P CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE nL s HgJ'Joai,, MHSTRI ROAO, KMC BUILDING FAX 22UKK #15-00, SJNGAPORE 0207 CABLE: COSTARLIN€ CR NO: U7I7ISOOOOM General Agents: OOfTAI SHIPPING PIS LID vessel/vot Iso HOT mil ax mit dm vessel/vov flx rot has —wit—055 kanc Htrm mi mm nm mm
      1,023 words

  • Page 41 Advertisements
    • 1067 41 RICHFIELD MARINE AGENCIES (S) PTE LTD fl TEL: *****33 (12 Llnoa) FAX: *****15/*****03 PJ TELEX: RS ***** RISHIP (3 Llnoa) r\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) accepting fcl and conventional" VESSEL IvOY TETA "JTOAOINGTOIR SPORE ABBAY WONZ 27W8 07*12 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA NET SANE T ?'AB
      1,067 words
    • 761 41 te|-P.T. MASKAPAI PELAYARAN P&puLAU LAUT FULLY CONTAINERISED REGIONAL FEEDCR SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS f WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 I SINGAPORE INDONESIA SERVICE •,l VSL VOY SIN
      761 words
    • 940 41 CR 1033MSOOOO€ BANGKOK CEBU/MANILA VESSEL VOV SINGAPORE BANGKOK |vtSSa |vOT rPOEg CCBU MANILA JENLINK 41W Fn 25/1 Won a/1 SD STAR MA iTpt m 1/2 SIAM PAETRA#* MM Sat 2t/l Tue 2»/l KITI BHUM QSB fl/1 6/2 »/2 MAHA BHUM# 44N Mon 20/1 Thur 31fl SO STAR KA 7/2 13/2
      940 words

  • Page 42 Advertisements
    • 1210 42 NAC-NELS SINGAPORE I WOWT TEL *****22"! TEL *****02] PENANG TEL: (04) *****6 |KK TEL: (088) *****0. TAWAU TEL: (089) 7786/9 TTTTTTTj P KELANG TEL (03) *****/7 IKUCHING TEL (082) *****3 SKAN TEL (089) *****2 "l\r/\ Jj BAHRU TEL (07) *****2 IsißU TEL: (084) *****2 LABUAN TEL (08/) *****9 JAKARTA TEL
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    • 420 42 BLUE STAR LINE 11 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, CHRISTCHURCH, DUNEDIN, LYTTELTON. INVERCARGIL, FIJI AND TAHITI SIN N PIY AUCK LYT PREMIER 10S 31 Jm IS Feb Via NPL 17
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    • 657 42 m 1 THONG SOON LINES PTE. LTD. JKjH 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH gaga |wt [it* Inn nsm m I eta trr KIM SOON LI
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    • 328 42 I NORBULK CARGO SERVICES LTD. V I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES f ISP 'PK LOADING FOR I ANASTASIA NB 122 IN PORT 24/1 RTM/ANT/UK I SOLSVN NB 124 30/1 2/2 ROMN/ANT/NAN/UK I OCEAN TRADER NB 125 1/2 4/2 SETE/R DM/ANT/UK ISWK/SABAH LOADING FOR B NBT-3S 30ft KANOLA/KARACHI
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  • Page 45 Miscellaneous
    • 391 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUi MM 01M 82M I3M MM KM MM I7M MM DM 1M 11M12M 13M 14M15M IMI 17M1M01M0 2MO 21M 22M 23M n to i c ji H )j ?fi ?i 20 16 12 10 09 0.9 1.1 1.5 1.9 2.1 2.1 2.0
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  • Page 46 Advertisements
    • 389 46 CHARTPOINT Every Saturday in Business Times PT. PELAYARAH. SAMUDRA AGUNG KUALA SIAK IV 28/1 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 23/1 DUMAI/PEKAN BARU ABADI JAYA 25/1 PEKAN BARU/DUMAI KUALA SIAK V 25/1 BALIKPAPAN/SAMARINDA SENGGATA (TG. BARA) 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BAT AM SUMATRA PORTS Also accepting
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    • 627 46 MERCHAWT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HUG LBH OAK StA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI INNOVATOR 38E H/T" 31/1 11/2 21/2 24/2 23/2 HYUNDAI CHALLENGER 37W U/12 a/12 24/12 11/1 23/1 HYUNDAI PIONEER 3tt 2/2 7/2 25/2
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    • 573 46 ICHARTPOINTI Every Saturday in Business Times IaSSSSSSSSSSSd from PNGjPIU fiZtS [EJ SIN LAX OAK MOD DAL jCHI: NO* |«|HTC| OUR JJ SA AAA ■HUM VMWi" W ALLIGATOR FORTUNE VWU" "~aj Mfl" W WWW 2 M 2 2212 SERVICE CAI Ift AM mm V 4MW 1/2 ALLIGATOR PRIDE H2Q <|i iW
      573 words