The Business Times, 1 February 1991

Total Pages: 44
1 44 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Friday February 1 1991 75*
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  • NEWS SUMMARY
    • 66 1 TALKS aimed at allowing bankrupt Pan Am to sell its landing rights at London's Heathrow airport to United Airlines ended on Wednesday without an agreement, a British Transport Ministry spokesman said. He gave no explanation. Pan Am's chances of survival are considered
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    • 58 1 INDONESIA plans to impose tax surcharges on selected imports to counter alleged plans to dump goods by some Asian countries trying to cut losses due to the Gulf war. The official Antara news agency yesterday said Industry Minister Hartarto had named China, South Korea and
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    • 31 1 THE PSA has announced a licensing scheme for bunker suppliers to ensure an adequate supply of quality ship fuel for vessels that call at the port Page 2
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    • 32 1 INDONESIA'S director general of oil and natural gas is doubtful that the country can achieve its target of reducing oil's role in its total energy consumption Page 7
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    • 37 1 MALAYSIA'S cement industry is likely to face a pricing mechanism upset should a proposal to scrap import tariffs be accepted by senior economic officials at next month's Asean meeting in Jakarta Page 7
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    • 30 1 THE WEST'S fledgling bank for Eastern Europe has made significant progress towards defining its overall strategy, investment priorities, and relations with other international financial institutions. Page 8
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    • 30 1 SOUTH KOREA'S inflation rate soared to its highest level in 10 years in January and economists have expressed worries about the country's economic health Page 8
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    • 32 1 SPURRED by a strong showing in the last six months, USbased Con-Way Intermodal (CWI) is planning to aggressively market its Globalßate concept in South-east Asia. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 44 1 WALL STREET share prices opened on the downside yesterday, following Wednesday's 50-point surge in the main blue chip index. The Dow Jones average of 30 leading industrials was down 3.22 points, to stand at 2,709.90 points five minutes after the opening bell.
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    • 40 1 SHARE PRICES in London were higher at midday yesterday, boosted by technical factors in the stock options market. At about 1200 GMT, the Financial Times-Stock Exchange 100-Share Index was up 23.6 points, or 1.1 per cent, at 2.176.2.
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    • 21 1 TAT LEE Bank has formed a holding company to handle the group's securities and equitiesrelated business Page 3
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    • 32 1 THE Sime Darby group's CEO has identified two fast growing divisions which have the potential to be developed into major core businesses in the next five years Page 3
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    • 32 1 BANK NEGARA has agreed in principle to allow commercial banks to levy service charges, but a ceiling will be set to ensure that customers are not flecced Page 6
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    • Article, Illustration
      30 1 Thursday Change BT-MGA 611.46 +7.74 Kuala Lumpur ....497.26 +6.66 Hongkong 3,243.30 +42.41 Tokyo 23,293.14 -116.47 Sydney 1,321.4 +8 7 Wednesday Change New York 2,713.12 +50.50 London 2,152.6 +38.8
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    • 19 1 Exchange rates USS SS1.7315 Yen SS 1.3167 MS SS0.6415 Money market rates Overnight 4-3/8 +7/8 3-montn 4-11/16% unch
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    • 38 1 London Gold AM fix USS369.60 -USSO. 15 Rubber S'pore Feb 145.50*/kg +0.75 M'sia Feb 231.50«/kg +0.50 KL Tin Turnover 69 tonnes+ 41 Spot MS 14.95 /kg +0.05 Crude palm oil Turnover 1,721 lots -119 Feb MS852/tonne +7
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  • 521 1  -  Cancellations have hit bookings up to April By Chitra Rajaram A SPATE of cancellations after the start of the Gulf War has left major hotels with occupancy rates of around 50 per cent, down sharply from the 75 per cent level
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  • 560 1  -  Concentrate on core businesses, advises 800 By Anna Teo IN CONTRAST to the optimism shown by some multinationals in recent new investments and expansion plans, a strong sense of caution has set in among small and medium-sized enterprises (SMEs). While they have yet to bear
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  • 555 1 THE gGyiii Agencies ALLIED military sources said Iraqi troops were massing on the Saudi Arabian border yesterday, possibly heralding more thrusts, after the Saudis said their forces had recaptured the border town of Khafji. The official Saudi Press Agency announced that
    Agencies  -  555 words
  • 514 1  -  By John Tan YAMAHA Music Asia, which celebrates its 25th anniversary in June, will soon kick off an expansion plan with the eventual aim of a listing on the local stock market. The programme includes the re-building of its headquarters of Tannery Lane, the
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  • 117 1 Reuter THE BUNDESBANK said yesterday it was raising its key discount lending rate to 6.5 per cent from 6.0 per cent, and the Lombard emergency borrowing rate to 9 per cent from 8.5 per cent currently. It said it would set the next tender for securities repurchase
    Reuter  -  117 words
  • Page 1 Advertisements
    • 156 1 j \Wedding Tackjige Ell $220.00 netl per table 128 l ER EE EI.OW of stout, beer, soft drinks X etc. I IMm 10 tables) j Hong Kong l)ian Xin ISA I I No I Yuan China Road (above Jurong Bowl] |R3j 1 ll.S'</n,ui/)orf 22t>l Tel: 26,S 4511 i2M mm Aircraft
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    • 36 1 Hefty bill to get Kuwait back on its feet after war, Pg 9 Violations of UN embargo on the rise, Pg 9 Oil prices may hit US$5O/barreL, Pg 9 Community spirit takes a battering. Page 10
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    • 3 1 Analysis, Pg 11
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  • HOME NEWS
    • NEWS ROUNDUP
      • 82 2 NGEE ANN Polytechnic has signed a memorandum ot understanding with Singapore Telecom to start a pilot project to study the possibility of applying Teleview technology to tertiary education. Under the agreement, Ngee Ann and Telecom will jointly explore both the hardware and software facilities
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      • 61 2 SINGAPORE Airlines has launched the first issue of the Japanese edition of its in-flight magazine. Silver Kris. The magazine is part of the airline's serv ice enhancement scheme for Japanese passengers. The 72-page bi-monthly magazine will be available on all the airline's flights to and from
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      • 104 2 FROM today, the Singapore Mass Rapid Transit (SMRT) will cease to sell stored-value tickets. Holders of such tickets may, however, enjoy the last ride bonus until Feb 10, when the offer is withdrawn. In piace of the stored-value tickets, commuters can buy Transit Link Farecards which have
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      • 58 2 THE Housing and Development Board has a new board member in Leong Horn Kee, according to the board's newsletter Houseword. Mr Leong is also the Member of Parliament for Thomson and chairman of the Bishan/Serangoon Town Council. He also holds a private sector job as
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    • 411 2  -  Move aimed at ensuring quality ship fuel By Dexter Lee THE Port of Singapore Authority (PSA) has announced a licensing scheme for bunker suppliers to ensure an adequate supply of quality ship fuel for vessels that call at the port. In a statement
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    • 182 2 EMPLOYERS are due to meet within the next two weeks to find out just how widespread is the practice of spurious promotions. The closed-door meeting, BT understands, has been called by the Singapore National Employers' Federation following claims by unions that many employers are
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    • 383 2 THE Singapore Manufacturers' Association (SMA) will plan another trade and investment mission to Pahang this year, given the interest generated by the high-level Pahang delegation to Singapore. The Pahang delegation, which left yesterday, received six proposals for possible investments in the state from Singaporean
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    • 323 2 AT&T Consumer Products has launched its latest "green" campaign, one which benefits its staff as cost savings are channelled back for welfare programmes. Its seven-storey plant at Kampong Übi, which makes telephones and other electronic products, has stopped using styrofoam for packaging. Styrofoam, environmentally
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    • 249 2 DBS BANK has launched a 7-Day Fixed Deposit Package for deposits of at least $1 million. This follows an amendment to the regulations of the Association of Banks in Singapore (ABS). With effect from today, banks can receive deposits of $1 million or more
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  • Page 2 Advertisements
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 419 3 MBT TWO OF Sime Darby's fastgrowing divisions have the potential of being developed into major core businesses in the next five years. These two areas are the oil and gas division and the Malaysia division, group chief executive Tunku Tan Sri Ahmad Tunku Yahaya
      MBT  -  419 words
    • 224 3 HOLDERS of shares will have another source of easy credit when the Hong Leong Finance Group launches its Express Share Loan facility today. Anyone needing temporary funds can receive instant cash over the counter in return for shares pledged at any of the 28
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    • 242 3  -  By William Chia POOR prospects in the flour milling industry has resulted in a dismal set of results for Khong Guan Flour Milling. For the six months ended October 31, 1990, Khong Guan at the group level suffered a post-tax loss of
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    • 283 3 Operations will be on a joint venture basis Bernama NEWLY-LISTED Far East Holdings Berhad is negotiating with certain parties to set up downstream activities related to plantations, its chairman Haji Abu Dahari Bin Osman said in Kuala Lumpur yesterday, but refused to
      Bernama  -  283 words
    • 515 3  -  MARKET TALK By William Chia ACMA LTD, a refrigerator maker turned computer equipment supplier, is well placed to exploit new business opportunities with the Ss6o million cash hoard it has built up. In an investment report that was released early
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    • 329 3  -  By Quak Hiang Whai IN WHAT appears to be a move to gear up for future expansion, Tat Lee Bank has formed a holding company, Tat Lee Securities Holdings, to handle the group's securities and equities-related business. The bank's securities arm, Tat
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    • 182 3 THE SALIM GROUP has formed a new company, KMP United Ventures, to hold its 24.47 per cent stake in locally-listed United Industrial Corporation (UIC). KMP Pte Ltd, the parent company, transferred its total of 250,680,511 UIC shares to its new wholly-owned subsidiary yesterday
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    • COMPANY BRIEFS
      • 106 3 DUNLOP ESTATES Bhd yesterday said the Malaysian Foreign Investment Committee has approved its proposal to acquire the entire issued and paid-up capital of Jayalah Cemerlang Realty Sdn Bhd for a cash consideration of M$ 11 million. The proposal, among other things, is
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      • 62 3 IDRIS HYDRAULIC (Malaysia) Bhd said it has to date not made any announcement with regard to rumours on the purported changes of ownership in the company. It said except for changes in the board, there had been no other major changes which would require an
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      • 27 3 THE BOARD of Acma has has accepted the resignation of Mr G E Bogaars and Mrs Margaret Koh as directors of the company.
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      • 140 3 SATERAS RESOURCES (M) Bhd has signed a conditional sales and purchase agreement to enter into the educational field by taking up a 70 per cent stake in Stamford Group Sdn Bhd for M 517.5 million. Stamford, an investment holding company, owns 100 per cent of
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      • 88 3 ASIATIC Development Berhad has entered into a joint venture and shareholders' agreement with Green Tech Tokyo Co Ltd, a wholly-owned subsidiary of Tokyo Gas Limited, to carry on the cultivation of orchids in Malaysia principally for export. In a statement, Asiatic Development said the initial
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      • 89 3 AMANAH Harta Tanah PNB has reported a higher pre-tax income of M 56.85 million for the financial year ended Dec 31, 1990 compared with M 56.19 million in 1989. AHP said turnover increased to M 57.18 million from M 54.35 million while investment income amounted to
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  • Page 3 Advertisements
    • 113 3 FOR THE WORLD'S MOST TREASURED WATCHES PATEK PHILIPPE One establishment in Singapore houses some of the world's most The name: Cortina Watch Centre. quality timepieces Patek Philippe uTii of Patek Philippe-the largest in Singapore. Or, give us a tinkle. Jm I CORTINA WATCH CENTRf s recogresed and 1 Eftjr recommended
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 139 4 TURNOVER of foreign subsidiaries based in Japan rose by 13.9 per cent in fiscal 1989 but represented only 1.1 per cent of Japanese firms' domestic turnover. In the previous period, the turnover of Japanese-based firms, at least 50 per cent foreign-owned, represented
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      • 124 4 FAILED Qintex Australia Ltd's 51 per cent interest in Mirage resorts Queensland has been sold to Japan's Nippon Shinpan and Co Ltd. The receiver, John Allpass of chartered accountants KPMG Peat Marwick, declined in Brisbane on Wednesday to reveal what Nippon Shinpan had paid for the
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      • 125 4 JAPAN'S Sanyo Electric Co Ltd has announced that its net consolidated profit edged up 3.9 per cent from a year earlier to 17.5 billion yen (*****.8 million) in the year to November. The company, a major consumer electronics firm which is strong in audio equipment and
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      • 129 4 JAPAN'S biggest oil supplier, Arabian Oil Co Ltd, one of the first casualties of the Gulf war, has disclosed that its net profit grew 8.7 per cent to 2.63 billion yen (5534.4 million) in the year to December. The company, whose biggest shareholders are the
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      • 118 4 SANTOS LTD of Australia yesterday reported that its sales revenues for calendar 1990 rose 26.6 per cent to A 5709.5 million (*****.7 million) from 1989's A 5560.6 million. Fourth-quarter sales rose 61.9 per cent to A 5247 million from the previous year's A$ 152.8 million,
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    • 416 4  -  From Catherine Ong in HONGKONG THE SOUTH China Morning Post (Holdings) yesterday reported a rise of 8.5 per cent in first-half earnings to HKS24O million (Sss3 million) but warned that world economic uncertainty and the Gulf war could affect its forecast for
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    • 174 4 AFP ONE OF Thailand's leading publishing companies is having talks with the Americanowned United Press International (UPI) news agency over a possible buy-out. The Manager group's chief executive, Sonthi Limthongkul, said in Bangkok yesterday that he was interested in buying the financially ailing agency and
      AFP  -  174 words
    • 156 4 Reuter FAILED Australian tycoon Alan Bond was again remanded on A$ 100,000 (S$ 135,000) bail after appearing in Perth magistrates court yesterday on a charge of dishonestly attempting to induce another to deal in securities. Bond, 52, was due to have chosen whether to
      Reuter  -  156 words
    • 222 4 MALAYSIAN financier Khoo Teck Puat's Estate Finance Ltd, which is now being used as a backdoor listing vehicle by the China-backed Asia Standard in Hongkong, is expected to resume trading on March 8, according to the South China Morning Post. This will end the
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    • 306 4 AFP EXPORT contracts for Japan's 18 top trading houses rose the largest amount in five years, 20.2 per cent, in 1990, fuelled by increased demand in South-east Asia. Officials at the Japan Foreign Trade Council, a private organisation, said the value of exports from
      AFP  -  306 words
    • 249 4 AFP MEDIA GIANT News Corp announced yesterday it had appointed Augustus Fischer to the new post of chief operating officer, assisting chief executive Rupert Murdoch. The debt-ridden company said in a statement that Mr Fischer, the London-based managing director of News International, will join
      AFP  -  249 words
    • 273 4 Bernama KAJIMA (Malaysia) Sdn Bhd, a subsidiary of Kajima Corporation of Japan, one of the world's biggest construction companies, is concentrating on building factories in Malaysia for the time being in view of the increased investments in the manufacturing sector. Hiroto Watanabe, general manager of
      Bernama  -  273 words
  • Page 4 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • 493 5 Reuter OUTLINE details are expected today of the terms under which the UK government would abandon the privatisation of the two state-owned electricity firms, if the Gulf war led to a market collapse, industry sources said. The government is to offer 60
      Reuter  -  493 words
    • 192 5 Reuter COMPAQ Computer Corp trumpeted record fourthquarter revenues but its president maintained his typically guarded optimism about its financial outlook. "We think there's a good opportunity in 1991," said Compaq president Rod Canion. Mr Canion noted that political and economic uncertainties abounded
      Reuter  -  192 words
    • 264 5 Reuter WEDNESDAY'S downgrading by a major credit rating firm may provide the catalyst for Sears, Roebuck and Co to consider some form of restructuring to improve profits and placate disgruntled shareholders, analysts said. But other analysts said the real pressure would come from the
      Reuter  -  264 words
    • 293 5 Reuter THE UK investment regulator, the Securities and Investments Board (SIB), announced new "core rules" revamping the way it governs the conduct of British investment business. The 40 rules are the latest step in a streamlining exercise begun in 1989, aimed at replacing weighty
      Reuter  -  293 words
    • COMPANY BRIEFS
      • 63 5 UK MARKETING services firm WPP Group pic is asking its banks for an extra US$lOO million (S$ 172 million) of secured debt as part of a financial restructuring plan, the Financial Times reported. WPP, which includes advertising agencies Ogilvy Group and J Walter Thompson,
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      • 96 5 THE NEW York Times Co said it will submit its labour dispute with the Newspaper and Mail Deliverers' Union, which represents drivers for the new printing plant it plans to open in Edison, NJ, to binding arbitration. In a report in its New York Times newspaper, the
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      • 86 5 ELECTRONICS giant Siemens aims to approximately double its annual turnover to between 130 billion and 140 billion marks (S$ 156 billion to Ssl6B billion) by the end of this century, a leading Siemens manager said. Hermann Franz, management board member for strategic planning, also said in
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      • 87 5 TOOTAL Group pic, the UK-based textiles group surrounded by bid speculation, said Hongkong entrepreneur Cha Chi Ming now held 17.72 million of its shares, or 6.08 per cent of the company. Tootal has been the subject of market talk following the resignation of chief executive Geoffrey Maddrell
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      • 107 5 PILKJNGTON, the leading British glass manufacturer has sold a third of its 6.8 per cent stake in Taiwan Glass Industry Corporation (TGIC) to Nippon Sheet Glass (NSG), the company said on Wednesday. Pilkington's share in Taiwan's biggest glass manufacturer, which it has had since a
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      • 81 5 VUITTON Holdings, a holding company for the Vuitton family, now holds 13.59 per cent of the voting rights in luxury goods group LVMH Moet Hennessey Louis Vuitton SA, the French bourses authority, SBF said. Vuitton Holdings previously had under 5 per cent of LVMH, an
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  • Page 5 Advertisements
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  • FINANCIAL NEWS
    • 454 6 MBT BANK NEGARA has agreed in principle to allow commercial banks to levy service charges, but a ceiling will be set to ensure that customers are not fleeced. The ceiling will allow banks some leeway in fixing their own charges, which will ultimately
      MBT  -  454 words
    • 246 6 THE DECISION on which foreign banks will be granted licences to open branch offices in Shanghai is expected to be taken this month, according to the South China Morning Post. Quoting banking sources in Shanghai and Hongkong, the newspaper said the announcement may
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    • 175 6 THE SINGAPORE International Monetary Exchange (Simex) has decided to extend its Euromark incentive scheme for another six months to June 30, 1991. The incentive scheme was launched last September, in conjunction with the introduction of Simex's third interest rate futures contract, the Euromark contract. Simex
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    • 538 6 Interest rates, land prices, slowdown Reuter HIGH interest rates, softening real estate prices and a slowing economy pose a triple threat to the Japanese banking industry, and a shakeout of marginal institutions is likely this year, industry analysts said. More banks could seek merger partners
      Reuter  -  538 words
    • 273 6 Reuter PRESIDENT George Bush's State of the Union speech on Tuesday barely mentioned the long-awaited banking reform bill, suggesting that he is not going to press for much change at all, industry analysts said on Wednesday. "The momentum on banking reform
      Reuter  -  273 words
    • SMALL CHANGE
      • 85 6 FINANCIAL EXPERTS from Singapore and other Asia-; Pacific countries will meet in Manila on Feb 7-8 for an« international conference on developing the Asian equity market. Hosted by the Manila-based Asian Institute of Management (AIM), the two-day meeting will assess the constraints and prospects
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      • 65 6 EUROPEAN BUSINESSES are expected to show "substan-; tial" demand for Britain's proposed hard ECU, a new curren-; cy that would never be devalued, Treasury officials told a panel of the House of Commons on Wednesday. "With the; increasing integration of the single (European) market, we«
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      • 86 6 THE 1988 RESCUE of First Republic Bank Corp of Dallas' the most expensive American bank bailout ever is; likely to cost double the original estimate of US$2 billion to US$3 billion, largely because of "preposterous tax breaks a congressional report said on Wednesday. The
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      • 2 6 Dollar$ Non$en$e
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  • Page 6 Advertisements
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  • THE REGION
    • 461 7 Severe shortage of electricity INDONESIA'S director general of oil and natural gas Suyitno Patmosukismo is doubtful that the country would achieve its target of reducing the oil's proportional role in its total energy consumption to about 57 per cent in 1994.
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    • 373 7 Reuter AUSTRALIAN sheep farm- ers face big tax bills to help 1 save the wool industry, which has debts of As2.B billion (SS3.B billion) and a 4.7 mil-lion-bale mountain of unsold wool caused by a worldwide slump in demand. "These stark figures pose an
      Reuter  -  373 words
    • 268 7 Reuter VISIT Indonesia Year, a festival of tourism that began with much fanfare and high hopes on New Year's Day. is already threatening to go bust, killed off by war in the Gulf 8,000 km away. In Bali, the island that attracts
      Reuter  -  268 words
    • 137 7 THE cement industry in Malaysia is likely to face a pricing mechanism upset should a proposal to scrap import tariffs on cement be accepted by senior economic officials at this month's Asean meeting in Jakarta. An industry source told Malaysian Business Times on Wednesday
      137 words
    • NOTE BOOK
      • 78 7 BELGIUM upgraded diplomatic relations with Vietnam in January by sending its first ambassador to Hanoi since January 1979, the embassy said on Wednesday. Ambassador Piet Steel arrived in Hanoi on Jan 12, the embassy said. Brussels downgraded diplomatic ties with Hanoi after Vietnamese troops invaded
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      • 93 7 NEW ZEALAND'S low inflation goal is still feasible despite the negative effects of the Gulf crisis on the economy, Finance Minister Ruth Richardson told a group of bankers in Zurich on Wednesday. "Last week's quarterly inflation figures, which included a 45 per cent Gulf factor, an
        93 words
      • 60 7 The Canadian Commission in Hong Kong, swamped by applications from people wanting to leave the British colony, announced a 10-day closure on Wednesday to cope with the backlog. The commission would be closed from March 4 to 13 to deal with an estimated backlog of 25,000
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  • Page 7 Advertisements
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  • THE WORLD
    • WORLD WATCH
      • 99 8 THE EUROPEAN COMMUNITY (EC) will devote 25 million ECUs (5555.3 million) to economic modernisation of East European countries in connection with its "Phare" programme. The European Commission announced in Brussels on Wednesday that an initial programme worth 20 million ECUs would support
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      • 90 8 THE ISRAELI GOVERNMENT has stepped in to save one of the jewels in the country's economy's crown, the diamondcutting trade, which Iraq's missile barrage has badly affected. From Wednesday, the Treasury decided to cover "war risk" insurance costs for the diamond cutters who make Israel
        90 words
      • 64 8 SOUTH KOREA aims to export US$l9.6 billion (5533.7 billion) worth of electronic and electric goods this year, up 10 per cent from an estimated US$l7.B billion last year. A Trade and Industry Ministry official in Seoul said on Wednesday, "To accomplish the goal, we'll develop
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      • 73 8 SOUTH KOREA has opened its first trade office in China, the first major step towards full normalisation of relations between the two nations. The office in Beijing will have consular functions, and will issue visas as will its Chinese counterpart in Seoul. While China
        73 words
      • 76 8 BRITISH Prime Minister John Major has again ruled out an early cut in interest rates and says there will be no quick fix until the "central evil" of inflation is brought down. In an interview with The Times yesterday, Mr Major said he had no
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      • 68 8 THE CORE of Soviet President Mikhail Gorbachev's Communist Party was to meet yesterday to discuss how to hold the country together and rescue its economy in the face of rising discontent. The Central Committee was to convene just one day before troops begin patrolling city streets
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    • 319 8 Shareholder meeting helps chart bank's course NYT THE WEST'S fledgling bank for Eastern Europe has announced that it had made significant progress toward defining its overall strategy, investment priorities, and relations with other international financial institutions during three days of meetings
      NYT  -  319 words
    • 198 8 THE BATTERED economy of former communist East Germany, struggling to adjust to the free market, will start recovering only in the last quarter of this year, says a study by the Berlin lAW research institute. "The dramatic collapse of east
      198 words
    • 138 8 Reuter A TAIWANESE trade group has set up an alliance with a Russian trade association to boost economic relations. Taiwan's International Trade Association (ITAC) and the USSR Exporters' Association signed a contract in Taipei on Wednesday to develop trade, investment, cultural and education ties. "We
      Reuter  -  138 words
    • 115 8 Reuter REPRESENTATIVES from the world's leading oil companies have expressed interest in Soviet plans to open up oil and gas properties to West-ern-style bidding but they caution that many issues still need to be resolved before actual deals are completed. The comments came during
      Reuter  -  115 words
    • 400 8 Reuter SOUTH KOREA'S inflation rate soared to its highest level in 10 years in January and economists have expressed worries about the country's economic health. "The high figure leads us to think that the national economy is plunging into serious trouble," said Park Ukyu,
      Reuter  -  400 words
    • 110 8 AFP SRI LANKA and India will enter into agreements soon to jointly market tea their key export commodity and to prospect for oil off the island's north-west coast. Indian Foreign secretary Muchkund Dubey told reporters in Colombo yesterday, after talks with Sri Lankan leaders, that an Indian
      AFP  -  110 words
    • 892 8 Shaky economy facing growing uncertainty FT MOSCOW'S crackdown in the Baltic republics has added another uncertainty to the many facing the Soviet economy this year. With the Soviet Union regarded as just about unbankable by commercial bank lenders, it is almost entirely dependent on foreign
      FT  -  892 words
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  • THE GULF WAR
    • 365 9 Reuter KUWAITI ESTIMATES for the cost of restoring essential services to the country in the first three months after ejecting the Iraqi occupation range from US$5OO million to US$BOO million (S$ 1.36 billion). Abdullah Al-Gabandi, chairman of the Kuwait Foreign Trading Contracting and
      Reuter  -  365 words
    • 385 9 AFP GULF STATES, among the world's richest countries, are tired of shelling out money for wars and hope the current conflict will be the last they have to finance. "We are fed up with pumping funds into wars," a senior official of the
      AFP  -  385 words
    • 38 9 Members of a religious group known as 'Khaksar Tehrik' being given military training at a camp in Pakistan. These volunteers, some holding farm equipment, have vowed to fight alongside Iraqi forces. AP picture AP picture
      AP picture  -  38 words
    • 298 9 IHT AMERICAN law enforcement and intelligence agencies have detected more than 700 cases in which companies and individuals worldwide have attempted to sell munitions and other goods to Iraq, including at least 20 cases in the US. The efforts to circumvent the five-month-old
      IHT  -  298 words
    • 538 9 Bank of America on if and when prices will rise MBT DAMAGE to Saudi Arabian oil facilities and the fear that they can be damaged further as the Gulf War continues can push up oil prices to between US$4O and US$5O a barrel in February.
      MBT  -  538 words
  • Page 9 Advertisements
    • 81 9 I c A fashionable gift from Caserini. FREE! A Caserini reversible belt worth $59.50 when you purchase $100 or more of Caserini menswear and accessories. Made from fine Italian nappa leather, this belt makes a stylish combination with Caserini fashionwear for the Year of the Celebrate this Lunar New Year
      81 words

  • 503 10 EDITORIAL IT CAME as rather a shock to see just how poorly Singapore was rated by Japanese as a tourist destination in a recent survey by the newspaper Mainichi Shimbun. For a nation that prides itself on its striving for excellence and an ever mounting collection
    503 words
  • WHAT THE OTHERS SAY
    • 243 10 DEPUTY PRIME Minister Ong Teng Cheong has revived a call made almost a year ago by trade union leader Lim Boon Heng to amend the law to allow junior executives to be in the same unions as rank-and-file workers. Mr Ong blasted employers who gave workers bogus
      243 words
    • 130 10 THE HOPES of blacks who are in the majority in South Africa to secure independence have been damaged by unending tribal feuds, especially between supporters of ANC and the Zulu Inkatha movement. As a result, they have failed to capitalise on the opportunities provided by the
      130 words
    • 122 10 THE VISIT by the 70-member Pahang investment promotion delegation reflects the enthusiasm of Pahang in boosting bilateral ties with Singapore. It also shows that the Singaporc-Johor-Riau growth triangle concept has stimulated the interest of other Malaysian states. But of greater significance is the fact that improved ties
      122 words
  • REGIONAL VIEWPOINTS
    • 161 10 JUST WHAT posture should Japan assume towards the Gulf War, and what kinds of tangible measures can it take? Never have foreign-policy and security measures been so vividly debated in the postwar Diet as in the present session. The situation is something that Japan is confronting for
      161 words
    • 139 10 MAKING THE best of the trouble international situation is the only way out for countries not directly involved in the Gulf conflict but affected by it nevertheless. Where the developing nations are concerned, the time has never been more appropriate to seriously work on a pragmatic
      139 words
    • 190 10 THE FACT that the Cambodian peace cftorts have now reached an advanced stage is illustrated by the aim of the visit of Minister Ali Alatas and his French colleague. When they arrive in Hanoi, they will have in their briefcases three documents: a draft master agreement on the
      190 words
  • 878 10  -  It looks like the lack of unified EC support for the Gulf War has dealt a hard blow to hopes for European union, says Giles Merritt Giles Merritt IHT WHAT will Europe look like after the Gulf War? The need for the war to yield
    IHT  -  878 words
  • Page 10 Advertisements
    • 20 10 Doonesbury's Gary Trudeau is down with influenza I Keep your investment decisions on target nHARTPOIHip I EVE BY SATURDAY JL
      20 words
    • 51 10 The PAPERWORK JUNGLE how to get out of it Streamlining paperwork is critical for office productivity and efficiency. This book shows you how to cut through the jungle of paperwork that engulfs every office, whether business or government. $8.90 lUNGIE i how to A Available at all good bookshops Federal
      51 words
    • 52 10 'dream If you don't already own the new 2-litre German-engineered Audi 80E, what else can you do? The new Audi 80 2 0E Auto with fuel-injection Now available for registration CHAMPION MOTORS i-lrmi 11 p 2 Pandan Crescent (off West Coast Highway) Singapore 0512 Tel Monday to Saturday 779 1036/777
      52 words

  • ANALYSIS
    • 567 11 The new president of Peru is mired in an economic, political and social morass AP SIX months after political newcomer Alberto Fujimori took over the presidency of Peru, he faces resurgent inflation, a hostile congress, spreading leftist insurgencies, and strained relations with Washington. Some
      AP  -  567 words
    • 1134 11  -  Twenty-five years ago, K B Yo moved from the motorcycle to the music business. Today, the profits being rung up at Yamaha Music (Asia) is sweet music to the ears of the man who heads the well-diversified company. John Tan reports John
      1,134 words
    • 1079 11  -  William Stevens reports on how scientists are trying to distinguish greenhouse warming of the climate from natural warming William Stevens NYT AN ever-lengthening string of extraordinarily warm years has renewed fears of the greenhouse effect the trapping of the Sun's heat by gases that a
      NYT  -  1,079 words
  • Page 11 Advertisements
    • 128 11 Y. C. Gallery Presents an Exhibtion of Contemporary Fine Chinese Paintings t I Artists A XuGo Pu Xmyu ftST Zhang Daqan 4>> i ™Hf OBasN a JSwHE?!? OanSongyan Fu Baoshi t J Lr Fengrman £«S 5 f Cheng SMa FengZ*ai J f ZhaoShaoang WangYling *"41 f i XeZh*u Huar>g Btnhong
      128 words

  • FOCUS
    • 1326 12  -  While the majority on both sides of the Causeway wait eagerly for a second link, the people of Gelang Patah are somewhat less enthusiastic. Othman Mohamad finds out what the Malaysian government is doing about this Othman Mohamad Bernama THE hot topic N these days
      Bernama  -  1,326 words
  • Page 12 Advertisements
    • 451 12 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 5# AND IN THE MATTER OF WORLDWIDE CONSULTANTS PTE LTD (IN MEMBERS* VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the numbers of the abovenamed Company Ally convened and held at 101 Upper Cross Street #05-14 People's Park Centre Singapore 0103
      451 words
    • 514 12 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF c HUAT FARM PTE LTD c (IN MEMBER VALUNTARY WINDING UP) At an extraordinary general meeting of HUAT FARM PTE LTD held at 14. J KIM KEAT LANE. SINGAPORE on 30th January 1991 the following j
      514 words
    • 653 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 1 AND IN THE MATTER OF ELDER INVESTMENTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting A of the abovenamed company duty 0 convened and held at 80 Manne Pa- a rade Road, #18 05/09 Parkway Pa- ra
      653 words
    • 644 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF INVESTMENT DYNAMICS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Man Extraordinary General Meeting )f the abovenamed company duly < convened and held at 80 Marine Pa- < ade Road. #18-05/09 Parkway Pa- ade, Singapore 1544 on Monday
      644 words
    • 521 12 IN THE MATTER Of THE COMPANIES ACT. CAP. 50 ANO IN THE MATTER Of PRMILA INVESTMENTS PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 80 Manne Parade Road. #18-05/09 Parkway Parade. Singapore 1544 on Monday 28 January 1991,
      521 words

  • SPORTS
    • 643 13  -  Dunhill Cup By Cassandra How RECOVERY may be the name of the game for some pros but for the Italians, it's sheer aggression. Demonstrating finesse in their putting and solid drives that teased the fairways, the team of Constantino Rocca and Ciuseppi
      643 words
    • 416 13 MASTER L H LU would be beaming at home if he knew that his three disciples were doing him proud in Singapore. And he would have every reason to be happy as Wang Ter Chang, Lu Wen Teh and team captain Chung
      Photos by Jerry Seh  -  416 words
    • SIDE LINES
      • 113 13 FOR A star of the future, Stefan Eberharter will have a hard act to follow himself. Eberharter on Wednesday took the combined title from Marc Girardelli to win his second gold medal at the World Alpine Skiing Championships in Austria. The 21-year-old
        113 words
      • 92 13 LARRY BIRD, sidelined most of January with back problems, says he feels better than he has all season. But there's no word on when he'll return to the Boston Celtics line-up. The Celtics were 5-6 without Bird in their last 11 games before Wednesday night's home
        92 words
      • 119 13 THE winner of a Formula One Grand Prix will pick up 10 points next season instead of nine and 14 of the 16 race scores will be taken into account in the world championship standings instead of 11. But the Formula One Commission of world
        119 words
      • 105 13 ENGLAND batsman David Gower will appeal against a £1,000 fine imposed for flying a Tiger Moth over England's State match against Queensland last week. England tour manager Peter Lush punished Gower and batsman John Morris after their joyride over the Carrara Oval in Adelaide. "I have never
        105 words
      • 62 13 SCOTLAND striker David Speedie's proposed £750,000 move from Coventry City to English First Division neighbour Aston Villa has hit a hitch over personal terms. Speedie had been expected to sign for Villa on Wednesday after having talks with manager Jozef Venglos and chairman Doug Ellis. But Venglos'
        62 words
      • 93 13 WORLD squash champion Jansher Khan edged ahead in his personal battle with Pakistan rival Jahangir Khan by beating him 3-1 in the British Premier Squash League in London on Tuesday night. Jansher scored an 8-10, 9-2. 9-2, 9-1 victory over the nine-times British Open champion, who
        93 words
      • 116 13 ROGER MILLA, one of the most inspirational players at last year's World Cup finals, is making a comeback for Cameroon against England at Wembley next week. The 38-year-old striker, who failed to find a European club willing to pay his asking price this season, had said he
        116 words
    • 363 13 UPI MARK O'MEARA will attempt this week to achieve one of the toughest feats in all sports to win the same event three straight years. O'Meara joined golfing legends Jack Nicklaus, Tom Watson and Cary Middlecoff as the only players
      UPI  -  363 words
    • 243 13 AFP SRI LANKA yesterday had what captain Aijuna Ranatunga called "one of our better days" to leave New Zealand in a disastrous state at the end of the first day's play of the first cricket Test in Wellington. He was being
      AFP  -  243 words
    • 718 13 Reuter BORIS BECKER, proudly carrying his new status as the world number one, will have to deal with the pressure of his position when he leads Germany into the Davis Cup world group first round against Italy this weekend. Becker, who led the
      Reuter  -  718 words

  • Page 14 Advertisements
    • 933 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE f rI ffif The freshest, liveliest seafood place in town. You'll have to go a long way to find seafood jrffc any fresher. Lunch: 12 noon 2.30 pm. #fv. Except Sunday Dinner: 6.30pm 11.00pm.
      933 words
    • 322 14 DON'T MISS "ELVIS" TUL KING IS HACK STARRING WIlsON DAVID 1\ I! HACK I RACK A! HI!. KASHA! 1,***** MOOR JAN 19 MAR 18 1991 Let Wilson David, the Elvis of Singapore and the Backtrack bring back the glorious days of the 60s Also performing nightly is our resident band,
      322 words
  • Page 14 Miscellaneous
    • 629 14 TELEVISION AND RADIO MHtiM-atoM 5S5g Mtt BUSINESS ON RADIO 1 V w SBCI2 Memoirs (Stereo). wlth fturm 111 n W/ I 1100 B,rtMa lnners P* cc i"S S?£! BBC, 89.9 mHz in VMF Band II riiiivi vvai 730 i.oo 7ioa,n 9.25™, 1.30pm, ■■■VTmVSITFTTTSIH 1 9 800 BirtMay Bombm inside the
      629 words

  • LIFESTYLE
    • 1024 15 Until last year, Lynn Redgrave and her older sister Vanessa had never as adults eaten a meal alone together. But working together has brought the sisters closer, reports Sheridan Morley. IHT AS SISTER acts go, that of Vannessa and Lynn Redgrave has never been the closest.
      IHT  -  1,024 words
    • 535 15  -  All of Chanel's recent creations are designed to show off long, slender legs, reports Sarah Shard Sarah Shard AFP A PAIR of long, slender legs is the essential attribute of a Karl Lagerfeld woman. All his recent designs for Chanel showcase that part of
      AFP  -  535 words
    • 539 15 CHATTERBOX LYNNE MEADOW and Alan Ayckbourn have had one success together, the 1988 production of Woman in Mind, with Stockard Channing. Now that their second production has been launched, the artistic director of the Manhattan Theatre Club and one of Britain's most
      539 words
  • Page 15 Advertisements
    • 248 15 AND ENTERTAIN High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's I top models and best fashion. i 4 ANA HOTEL J 16 NASSIM HILL. SINGAPORK 1025 TEL: 732 1222 SINCAPORE The Neu Faces I
      248 words
    • 328 15 NOTICE NOTICE IS HEREBY GIVEN that, I, Koh Ken Hung of Blk 611, Ang Mo Kio Avenue 5,105-2813, Singapore 2056, have applied Tor a First Class Beer House licence in respect of premises at M/s Koh Pang Kee at Blk 151 Ang Mo Kio Avenue 5,101-3030, Singapore 2056, and that
      328 words
    • 354 15 r———————— NOTICE I NOTICE IS HEREBY GIVEN that, I SITJUAT I J KEOW of Blk 425 #09-231 Serangoon Ave 1 Sin- j I gapore 1966 have applied for a Retail Liquor Shop licence in reepeet of premlsee at M/s Watson Mini Supermarket at 49 Lor 40 Oeylang Rd Singapore 1439
      354 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 842 16  -  By Quak Hiang Whai SHARE PRICES on the Singapore stock market picked up in active trade yesterday following strong gains on overseas markets earlier. At the close, the Straits Times Industrials Index rose 18.81 points to 1,267.25, but with most of the gains chalked
      842 words
    • 3122 16 Cr's Cr's 1990/91 Tel Ijist Vol Day Ust Quote Di» I)i> YTd Net M Cap High Ixw Code Company Sale or- (*000) Iligh Low Buyer Seller Cvr P/E Smil INDUSTRIAL COMMERCIAL 277 152 t 1000 Acma 185 +1 194 187 184 184 185 an 26 14 38 9 'J^O S?
      3,122 words

  • 3573 17 Main Board LAM MT 234 +44 23.2% DBS Foreign 1110 40 +3.7% Asia Pacific 945 35 3 8% SI A Foreign 1360 30 2.3% Shangri-La 540 30 5.9% Semb Shipyard 590 25 4.4% OCBC Foreign 840 +20 +2 4% Kcppcl Corpn 645 20 +3.2% Spore
    3,573 words

  • BT SHARE INFORMATION SERVICE
    • 250 18 Company Date Year Group Net Not earnings Gross ann to proflt/loss (L) por share dMdend (•000) (cents) C&C tan 14 Sep 90 $53,947(534 649 30 8(23 5a) 15(8 5a) F&N Ian 14 Sep 90 $53,080($62.868) 30 1(36 5) 179(179) H Msia ten 14 Sep 90 $1 886($402) 11
      250 words
    • 195 18 Cmiiomv Date Year Group pre-tax Hat earnings Gross ana to profit/loss (L) P«r share dhrtdoml ('000) (conts) M Cement Jan 17 Nov 90 M$61,313($39,640) 18 5(11.5) 68 3|(16TE) H Leone Credit Jan 8 Jun 90 MS35.181 (MS25.440 21 8(16 4) 10(10) leong Huat Jan 2 Oec 89 $182L($356l)
      195 words
    • 294 18 Company Data Half-year Groop pre-tax ami to profit/loss (L) dividend COOO) Inter Pacific Jan 26 Oct 90 M$63,497(155,405) 4(5) SSSSS Jan 25 De< *> »10.309(»7.«6) M(M) Berpya Corpn Jan 24 Oct 90 MS56.996 (J55.012) 5( Sports Toto Jan 23 Oct 90 M$23 678(S23.070) 38(20) Sateras Dec 31 Sep
      294 words
    • 1120 18 Lan 30 NatSteet Ltd announced a private issue of 9.64 m new shares at $8 apiece, which will be placed out through SG Warburg Securities (Singapore) and DBS Bank Rashid Hussain Bhd is considering a 49% stake in Singapore's broking house Alliance Securities. Sembawang Group's Indonesian arm, P
      1,120 words
    • 353 18 Current El Mu Date Total lor Total lor payment data dote payable tfce year last year MRT 3CU) Dec 14 lan 3 Feb 18 28% Atea nFjid USSO 10(b) Mar 18 Mai 28 Apr 8 US» 10 Awno 5*Tt Feb 25 Mar 7 May 15 12 5%TE 25%TE
      353 words
    • 606 18 Singapore Stocks La** Cowry Pnd Diti Tnr Not EPS Grew Net announced ewfcf (c«to) 4» p^t last par (TOOO) CMB Pxkafm Interim No* 13 Dec 90 29 7 13.2 11.616(e) BMT Interim Jan 10 Jun 91 254 2 150 0 773 Rhone Gum Interim Ian 12 Apr 91
      606 words
    • 682 18 BONDS, LOANS WARRANTS Company C—md- urt* C—«wi«i If Iw ii«aij ciTw Mr 26/4/93 pto *309 cash CjuiMriy Loan Causeway Nt 2/10/89 to 20/10/94 I warrant plus 10.77 cash or 1 warrant plus y anni m $0.77 normal amount of toar stock. Qun Notes dun ft* Nt March 87 to 31/12/91
      682 words
    • 168 18 RECORD HIGHS LOWS BT Composite Index ST Industries (3l/1/91) 1991 high: *****5 (31/1/91) J* n4908 (16/1/91) 1991 tor 1022.52 (16/1/91) J" l6 07 12 (27/3/90) 1990 M* 1435.43 (16/7/90) 1079 50 (H/10/90) 1990 loir 981.07 (09/11/90) J-JJ tar \tgm (26/12/89) 1989 tifh: *****0 (28/12/89) jjg l030 6 9 (4/1/89) 1989
      168 words
    • 162 18 Company Rights Issue Causeway to* Threefor four $060 per share Ei-date Dec 10 Books dose Dec 20 Acceptance i Payment Feb 1 M Mouk? One tor-one <a MJ150 per share Ei-date Dec 10 Books dose Dec 26 Acceptance Payment Feb 11 Company Bonus Issue Oriental Hdp One-tor hve
      162 words
    • 268 18 Company Rights Issue Mcom One-tor two <n W1 00 pet share lisue of 40m CumJahve Redeemable Preference Shares of M50 10 each at MSI per share with 10m detachable TSR Baft on One tor tow MJ2 00 per shar- FACB Capital Reduction Scheme to reduce par value of
      268 words
    • 148 18 Roiy Electric Industries (M) Bhd: EGM at Ballroom 3, Ist Floor, Ming Court Hotel, Jalan Ampang. ***** Kuala Lumpur on Monday, Feb 4, at 3.30pm. Cyde Carriage Ltd: 22nd AGM at Mandarin Court B, 4th Floor, Main Wing, Mandarin Singapore. 333 Orchard Road, Singapore 0923 on Tuesday, Feb
      148 words
  • Page 18 Advertisements
    • 172 18 THE GROWTH TRIANGLE A Special Business Times Survey I February 26, 1991 I The Growth Triangle began casually as an idea. Singapore. I Batam. Johor. Singapore has a rich pool of managerial talent. I Batam and Johor are rich in natural resources, land and labour. 1 Combine the three and
      172 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 897 19 Bernama SHARE PRICES in Kuala Lumpur closed firmer yesterday with punters going for lower-priced stocks in looking for short-term gains. The KLSE Composite Index at the close, firmed 6.66 points to 497.26 while the Industrials Index was 13.21 points higher at 995.88.
      Bernama  -  897 words
    • 3070 19 I ,oqq Last Vol Day Net Cap High Low Company Sale "000 High Low P/E Smil H INDUSTRIALS 188 165 AISB 50* 179 3 56 180 178 43.7 183.6 388 310 ASM 50« 360 16 437 360 344 32.1 1477.8 304 280 Acidchem 304 8 35 304 298 130.7 255
      3,070 words
  • Page 19 Advertisements
    • 340 19 NOTICES IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 KIAN HIN HANG (PRIVATE) LIMITED (In Creditors' Voluntary Liquidation) NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, a Final General Meeting of the Creditors and Members of the abovenamed company will be held
      340 words
    • 422 19 IN THE MATTER OF THE COMPANIES ACT. CHAPTER SO AND IN THE MATTER OF H.G. PARSONS CO. PRIVATE LIMITEO (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306 (1) of the Companies Act. Chapter 50. that the Final General Meeting of the abovenamed Company will be held
      422 words
    • 386 19 NEC BUSINESS SYSTEMS (Singapore) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act Cap. 50 the Final Meeting of the Company will be held on the 4th day of March 1991 at 11 00am at 138
      386 words
    • 332 19 IN THE MATTER OF THE COMPANIES ACT CAP M AND IN THE MATTER OF TAIYUE PIG FARM PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (parsaaat to Secttoa 2M) At an extraordinary general meeting of the members of the above-named Company, duly convened and held at 17 Phillip
      332 words

  • TOKYO STOCK EXCHANGE
    • 2227 20 Reuter TOKYO STOCKS closed lower yesterday after a morning advance inspired by a Wall Street rally gave way to afternoon retreats because rumours of another local political scandal circulated in the market during the lunch break. The declines were exaggerated by thin volume, brokers
      Reuter  -  2,227 words
  • STOCK EXCHANGE OF HONGKONG
    • 2100 20 UPI TAKING its cue from Wall Street, the Hongkong market yesterday ignored a fierce burst of ground battles in the Middle East to rack up sharp gains. The blue chip bellwether Hang Seng Index, which put on 7.99 points on Wednesday, jumped
      UPI  -  2,100 words
  • Page 20 Advertisements

  • REGIONAL STOCK MARKETS
    • Profit-taking pares Aussie stocks' gains
      • 901 21 THE AUSTRALIAN sharemarket yesterday lost its grip on an early 29-point bull run as worrying economic statistics and profit-taking slashed morning gains. "It was a disappointing performance," one dealer said. "The market was run a bit too hard and it just fell away." The All Ordinaries Index closed the
        901 words
      • 706 21 BANGKOK stocks rose in moderate trading yesterday as confidence returned to the market, brokers said. The bourse opened bullish after a strong showing by Wall Street and news of a clash between Iraqi and allied ground troops in the Gulf. A bout of profit-taking trimmed early gains. Turnover stood
        706 words
      • 514 21 MANILA share prices closed mostly firmer yesterday, sustaining a strong uptrend backed by a bright domestic market outlook and foreign capital infusion. The Manila Stock Exchange Com- j posite Index rose 9.48 points to close at 756.43, defying a predicted correction following a sharp climb in the past days.
        514 words
      • 621 21 JAKARTA International Hotels (JIH) again dominated the market with banks joining in the action yesterday. Trading was fairly active but still limited to a handful of issues with the index off 1.39 points at 383.02, brokers said. JIH was unchanged at 10,750 in heavy trading of 512,500 shares, driven
        621 words
      • 364 21 TAIPEI share prices shot higher in the opening minutes yesterday but soon began to drift on speculative selling, dealers said. The Weighted Index fell 35.10 points, or 0.8 per cent, to end at 4,023.72 compared with Wednesday's 4,058.82 finish. Turnover was NTS 46 billion compared with NT541.93 billion previously.
        364 words
      • 764 21 SEOUL share prices, adrift upward for the past three days, edged down yesterday in thin trading, apparently under the pressure of economic uncertainty, market analysts said. The Composite Stock Price Index of the exchange shed 2.69 points to finish at 635.4. SellofT offers outnumbered purchase orders at the pace
        764 words
      • 100 21 NEW ZEALAND shares yesterday ended higher in response to Wall Street's 50-point gain and the continued decline in local interest rates. Brokers were heartened by healthy turnover of 8.75 million shares, worth NZ514.28 million. Trade was tentative in the morning, as people awaited Australia's reaction to Wall Street,
        100 words
      • 88 21 BOMBAY share prices yesterday closed broadly up when trading resumed for the first time this week, but brokers said the gains reflected higher carry-forward charges. Volume was thin. Brokers said carry-forward charges were fixed at 48 per cent, against a normal 15 per cent, for the business done in
        88 words
      • 585 21 do* Pmlow Jm 31 SYDNEY All Ordinaries Index 1,321.4 1,312.7 +8.7 All Industrials Index 2,069.2 2,049.3 +19.9 All Resources Index 752.2 752.5 +0.9 Turnover (million) 101.72 72.87 +28.85 BANGKOK SET Index 658.47 651.70 +6 77 Tumovertmillion baht) 3,648 2,800 -f848 JAKARTA Composue Index 383.02 384.41 -1.39 MANILA Composite Index 756.43
        585 words

  • WORLD STOCK MARKETS
    • Dow soars on hopes of improved economy
      • Article, Illustration
        1210 22 STOCK PRICES in New York advanced sharply on Wednesday, soaring to their highest level in six months, as investors rushed into the market in expectation of strong administration efforts to put new bounce into the economy. With many people seemingly betting that the country could soon pull itself
        1,210 words
      • Article, Illustration
        817 22 UK SHARE prices were firmer but below their early highs at midsession as dealers said there was little followthrough buying after yesterday's switch to bullish mood. Market makers marked up prices sharply at the opening following a 50 points gain on Wall Street. But caution as the Bundesbank met
        817 words
      • 284 22 DUTCH shares opened higher yesterday, boosted by Wall Street's solid gains on Wednesday and in line with the firmer trend seen on other European bourses. At 1000 GMT the CBS index was 0.6 points higher at 80.7, its highest level this year. Dealers said shares were also boosted by
        284 words
      • 142 22 BELGIAN shares closed mixed in very thin trading as dealers waited for afresh developments in the Gulf. The value of total volume traded was 372 million was very low, it's still low because we don't know what's going to happen in the Gulf," one dealer said. The main forward
        142 words
      • 173 22 ITALIAN share prices surged in early trading led by De Benedetti's CIR and Montedison as the market staged a sharp technical reaction to recent falls. The MIB all-share index was 2.1 per cent higher at 1000 GMT, although the underlying trend was pointing to a gain of just 1.1
        173 words
      • 199 22 FRENCH stock prices opened broadly higher yesterday as investors that had shunned the Paris market began flowing back, dealers said. Shares were buoyed by Wall Street s strong showing yesterday, hopes of interest rate cuts and the emeiging sense the French market has been oversold, traders said. The CAC-40
        199 words
      • 252 22 GERMAN share prices opened unexpectedly strong yesterday, lifted by a sharp 1.9 per cent climb on Wall Street on Wednesday. The 30-share DAX index jumped 12.47 points to 1,413.20 shortly after the opening. Traders said they were surprised by the market's firmness and most expected its upward march to
        252 words
      • 237 22 IN TORONTO, optimism returned to the market on Wednesday, pushing stocks up sharply, after President Bush called for lower interest rates in his address Tuesday night, dealers said. "I guess expectations of lower interest rates is what's helping this market," said John Ing. The Composite Index jumped in the
        237 words
      • 326 22 SWISS shares traded steady to firmer at midsession yesterday after activity slowed from a lively opening on profit taking as money market rates edged marginally higher, traders said. "Some investors were disappointed that interest rates moved up again. It's only a marginal rise but investors are following rates very
        326 words
      • 381 22 Jan 30 Close Previous NEW YORK Dow Jones 2.713.12 2,662.62 +50.50 NYSE Financial 128.10 126.05 2.05 SAP 500 340.91 335.84 +5.07 Turnover (million) 226.8 155.0 +71.8 LONDON Financial Times 30 1,686.5 1,656.8 29.7 FTSE 100 2,152.6 2,113.8 38.8 Turnover (million) 556.9 392.3 +164.6 AMSTERDAM CBS Tendency Index 80.1 79.8 +0.3
        381 words
  • Page 22 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1204 23 REPORTS THE US DOLLAR was lower against sterling, yen and the mark in early European trading yesterday. Dealers said no new trading factors had emerged to affect trade. Most dealers said they did not expect any move on credit policy from
      1,204 words
    • 401 23 Cross rates Jan31 j li US$ S$ MS Dm Yen SFr AS NZS USS 1 7290 2.6980 1.4905 131.15 0.5105 1.2640 1.2747 1.6694 C ss 0.5784 1 5604 0.8621 0.7585 0.2952 0.7311 0.7372 0.9656 MS 0.3706 64.08 0.5524 0.4861 0.1892 0.4685 0.4725 0.6188 Dm 0.6709 1.1600 1.8101
      401 words
    • 141 23 Reuter THE FLOW of Japanese investment capital to US financial markets, especially Treasuries, has slowed to a trickle and analysts see little future pick-up. "For the last year or so, at least in terms of net flows, Japanese investors have been pretty much
      Reuter  -  141 words
    • 339 23 Number Indicative QroM u..urHw Yiar C0UP0 Amount otdayol r^mplton Maturity ptym.nl accrued ("eluding yl.W (*pa) date. fnttfMl (%P«) Internet) 1.4.91 N*****0E 1989 4 7/8# 500.00 1/4 1/10 122 100.45 210# 15.4.91 Loan 1 1976 61/4* 252.96 15/4 15/10 108 100.90 1.77*
      339 words
    • 1171 23 SIMEX EUWOOOLLM Open High Low Sett Est Vol Op/lnt Vol Mar 91 92.91 92.94 92.90 92.92 9000 ***** ***** Jun 91 92.97 92.99 92.96 92.97 5400 ***** 5716 Sep 91 92.81 92.83 92.80 92.81 800 4322 1421 Dec 91 92.56 92.56 92.54 92.56 290 4283 408 Mar 92
      1,171 words
    • 544 23 Interbank rates s$ Bid Offer Overnight 4 3/8 4 1/2 1-month 4 9/16 4 11/16 2-month 4 5/8 4 3/4 3-month 4 11/16 4 13/16 Overnight mode: 4-3/8 US$ Bid Offer 7 days 7 7 1/8 1 month 6 15/16 7 1/16 2 months 7 1/16 7 3/16
      544 words

  • COMMODITIES
    • 552 24 Bernama THE Kuala Lumpur Commodity Exchange has introduced changes on its trading floor in what has been described as an effort to increase efficiency at the market place. In an unprecedented move, the exchange has reassigned its floor operations manager, Haji Amin Zahari
      Bernama  -  552 words
    • 179 24 Bernama THE Kuala Lumpur Commodity Exchange has admitted five new corporate members, bringing its total membership as at Dec 31, 1990, to 92 holding 130 memberships. In a statement on Tuesday, the KLCE said the new corporate members are Pasir Gudang Edible Oils Sdn Bhd,
      Bernama  -  179 words
    • 833 24 REPORTS THE PRICE of tin on the I Kuala Lumpur Tin Market I yesterday continued its uptrend to close five sen higher at M$ 14.95 per kg on some speculative buying interest ahead of the long weekend. The KLTM will be closed
      833 words
  • 1345 24 Rubber J«n3i I ms(tefchi tall) cents/kg Noon Close I.U I KSS I'rompC I43.00/I44.00N 144.50/145 SON Im KSS I'cb 91 *****/145.00 145.50/146.50 lot I KSS Mar 146.00/146.50 147.50/***** I 111 2 KSS or I42.0IVI44.00N 14.1 50/145 SON Int 3 KSS <)l* 137.00/1.V)()0N 138.50/140 SON IM 4 KSS OP I33.00/I35.00N 134
    1,345 words
  • Page 24 Advertisements
    • 848 24 NOTICE NOTICE IS HEREBY GIVEN that, I, Oh Kim Chye of Blk 129,102-323 Pasir Ris Street 11, Singapore 1851. have applied for a Public House First Class licence in respect of premises at M/s Cha Cha Cha Restaurant A Bar at 32, Lorong Mam bong, Holland Village Singapore 1027, and
      848 words
    • 11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 955 25 City Flight ETA Flight ETD Adelaide QF7 1750 SQ227 2130 K Amman RJ182 1400 Amsterdam KL835 1505 SQ42 SQ23 1815 KL836 2150 SQ24 2215 GA890 2225 Athens SQ45 0805 SQ24 2215 Auckland NZ35 1530 BAH 1255 SQ338 2030 NZ36 2305 Bahrain GF149 2045 Bandar Seri BI421
    955 words
  • THE TRAVEL PAGE
    • 616 25  -  LETTER FROM PHNOM PENH By Sutin Wannabovorn THE newly-weds, beaming with happiness. pose for the photographer in front of the modern hotel just about the only sign in Phnom Penh that a better future might await war-torn and impoverished Cambodia. The Hotel Cambodiana.
      616 words
    • 142 25 As at 3pm yesterday: liOcal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3460 1.3760 Canadian dollar 1.4780 1.4980 NZ dollar 1.0250 1.0650 Sterling pound 3.3750 3.3950 US dollar 1.7250 1.7850 Local dollars to 100 units of foreign current-} Austrian schilling 16.20 17.20
      142 words
    • 77 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Feb 4-9 International Netherlands Koninklije (3DKV*****1 Feb 13-17 International Spain Feria Zaragoza (34)76/*****0 Building Nederiandse Water Fair F*hih!t!on° n Jaarbeurs Feb I9 2 i A j r Traffic Holland Expoconsult (0707)*****5 Control 91 (UK) Ltd Feb 7-12
      77 words
  • Page 25 Advertisements
    • 40 25 Apart from 35 European cities, Fmnair Oslo flies to Norway. With a superb twice-weekly service from Singapore to Helsinki and then on to everywhere from Berlin to Bangkok. Call *****77 for details. fW/Vff//? We know Europe from start to Finnish.
      40 words
    • 49 25 SAFETY Iraqi anti-aircraft fire rake their Tornado bomber from nose to tail. But two British airmen manage to fly back to base. The drama of their dash to safety in The New Papei The latest news [IiWWJ f J 0 And much more louay. From lunch-time Monday to Saturday
      49 words
  • Page 25 Miscellaneous
    • 295 25 1 Liberal portion taken by a mm m IH 5 Goal protest (6) 9 Pub where a parasite holds 10 The group that is offensive ZZjBLZ3B|— 12 Rose appears awfully inel- ~"lH| egant 13 Rings friends there's point in that (5) The generally a certain irritability 16 Its operators some
      295 words
    • 216 25 Singapore Outlook: Showers over several areas in the afternoon. Forecast: Maximum temperature 29.5* C Assoc humidity 78% Minimum temperature 4.l*C Assoc humidity 94% Hours of sunshine 5.10 Rainfall in mm 1.2 Rainfall this month 123.9 Rainy days this month... 15 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 26/18 Windy Bangkok 32/20
      216 words
    • 41 25 U! PULL TOGCTM&R jost Because 1 rrs no ose i crn t j WOUW€ rej pw/s fla r.o»4cg>^Tgp\T<F.... s N wosPrraL you domt SULLIYAM -y TO rniLK IT "R3 D£ATH S I fci- i-^ir gs9a C EVSWNG STANDARD CO. LTD., IN2-IMI
      41 words

  • 583 26 US economy in confidence-sensitive cycle NYT ALAN GREENSPAN, the chairman of the Federal Reserve Board, says the US could face a long and deep recession if the war with Iraq lasts past the middle of April. In an interview in
    NYT  -  583 words
  • 441 26 Reuter THE US government has said that its main gauge of future economic trends rose slightly in December for the first time in six months and some analysts say the increase means the recession will be short and mild. It
    Reuter  -  441 words
  • 451 26 AFP AMERICA has told countries in South-east Asia to withhold support for a Malaysian plan for a new East Asian Economic Group (EAEG), saying it feared the proposal would hurt free trade. Diplomatic sources in Kuala Lumpur said yesterday that the
    AFP  -  451 words
  • 432 26  -  From Magdalene Ng in MEXICO CITY TOURISM is the best avenue for initial economic cooperation between developing and developed countries, Senior Minister Lee Kuan Yew told a group of Mexican businessmen on Wednesday at a meeting organised by the Mexican Enterprise Board for Foreign Affairs.
    432 words
  • 178 26 Reuter THE RUSSIAN Federation is to set up its own defence and security committee, seen by many as a first step towards the creation of a Russian defence ministry, apart from the national one, Russian deputies said in Moscow yesterday. The decision by the
    Reuter  -  178 words
  • 229 26 Reuter SABAH's Chief Minister, Joseph Pairin Kitingan. yesterday pleaded not guilty to three charges of corruption. Mr Pairin, 50, arrived in the High Court in Kota Kinabalu amid tight security. The leader of the oil and tim-ber-rich state faces three charges involving Msl2
    Reuter  -  229 words
  • 244 26 INTERESTING business connections were discovered during a gathering of Mexican and Singapore business leaders organised by the Mexican Enterprise Board for Foreign Affairs on Wednesday. Mr Tien Sing Cheong, chief executive officer of Intraco, was pleasantly surprised to find out that a company
    244 words
  • 446 26 AFP INDONESIAN Security and Defence Minister Benny Murdani said on Thursday Jakarta had no territorial ambitions and previous military actions should not be used as yardsticks of its intentions. "The Republic of Indonesia has no ambition to expand its territory," Mr Murdani said at
    AFP  -  446 words
  • Page 26 Advertisements
    • 6 26 Nikon The World's Finest Photographic Systems
      6 words
    • 7 26 Fears growing over Soviet debt, Pg 8
      7 words
    • 177 26 Nikon The World's Finest Photographic Systems B Canadian Overseas College WHAT'S IN A CANADIAN EDUCATION FOR YOU? A Canadian education otters: Instruction provided by certitied Canadian teachers A curriculum developed in accordance with Ontario Ministry guidelines An internationally recognized diploma the Ontario Secondary School Diploma (0.5.5.D.) to graduating students Equivalency
      177 words

  • Shipping Times
    • 390 27  -  By Selva Kumar SPURRED by a strong showing in the last six months, US-based transportation company Con-Way Intermodal (CWI) is planning to aggressively market its Globalßate concept in Southeast Asia. Mr David Westurn, director of CWl's International Operations told BT last week
      390 words
    • 286 27 Singapore-based firm orders four Pratt Whitney engines SINGAPORE-BASED Japan Fleet Services (JFS) has ordered four Pratt Whitney jet engines to power two of its four new Airbus widebody aircraft. Harold Woody, JFS's senior vice-president for sales and marketing, told BT that a firm commitment for the US$3O million contract for
      286 words
    • 230 27 AP JAPAN'S exports of cars, trucks and buses declined for the fifth consecutive year in 1990, the Japan Automobile Manufacturers Association said on Wednesday. Overall vehicle exports fell by 0.9 per cent to 5.83 million, while those to the US fell by 8 per
      AP  -  230 words
    • 189 27 AP AMERICAN Airlines pilots' union has rejected what the company called its final contract proposal and both sides said they would wait for instructions from a federal mediator. Declaration of an impasse by the mediator would start a 30-day cooling period. If there is no agreement
      AP  -  189 words
    • 540 27 THIS MONTH, the Union Internationale des Avocats (UIA) will hold its second conference on European Community shipping law. The main theme will be shipping conferences, consortia and multimodal transport, looked at from both the owner's and the shipper's
      540 words
    • 381 27  -  By Dexter Lee GARUDA INDONESIA is increasingly looking East for passenger traffic in the face of the Gulf Crisis which has led to a major reduction in its flights to Europe. Higher fuel and insurance costs, ground handling fees and a drop in passenger
      381 words
    • 252 27  -  By Khaidir Abd Majid FREIGHT forwarders are happy with reports that the Malaysian government plans to issue more container haulage licenses after restricting the service to only three companies for several years. The added capacity, said the Federation of Malaysian Freight Forwarders (FMFF),
      252 words
    • NEWS SUMMARY
      • 78 27 MERCHANT ships in the Gulf enjoyed the protection of Western navies during the Iran-Iraq war. But should the present Gulf conflict escalate to the point where merchant ships come under fire, the same level of warship protection may not be available, especially while Western naval units
        78 words
      • 44 27 WATERFRONT reform in New Zealand has resulted in substantial gains in productivity and greatly reduced handling costs for cargo, but has only achieved half of the potential improvements, New Zealand shadow spokesman for state-owned enterprises Richard Prebble said Page 2
        44 words
      • 29 27 THE OIL-SWALLOWING Norwegian ship Al-Waasit has begun skimming crude from the world's largest oil slick, allegedly caused by Iraq, salvage executives said Back Page
        29 words
      • 43 27 CONTINENTAL Airlines announced on Wednesday that it was adding 32 flights around the US, including 12 from Newark International Airport to Florida, to fill in some of the gaps left by the recent shutdown of Eastern Airlines Back Page
        43 words
    • LOG BOOK
      • 99 28 ABOUT 20 to 30 per cent of Daewoo Shipbuilding and Heavy Machinery Ltd's production may have been disrupted by strike action which continued for a 10th straight day on Wednesday, a union spokesman said. Officials for Daewoo Shipbuilding, the shipbuilding arm ot the Daewoo
        99 words
      • 50 28 BRAZIL'S state oil company is said to have dismissed one of its own ship masters because he refused to take his ships into the Gulf. The 279,749 tonne deadweight VLCC Henrique Dias had been ordered to load a cargo of crude from a United Arab Emirates' port.
        50 words
      • 73 28 THE EUROPEAN Commission is examining allegations by Virgin Atlantic Airways that British Airways is exploiting its dominant position in the British air transport market, a Commission spokesman said. He said it would take some six weeks to take interim action to stop anti-competitive behaviour by BA if
        73 words
      • 76 28 LUFTHANSA German Airlines plans to launch twiceweekly flights between Nagoya and Frankfurt from May 2. The new Boeing 747-400 service via Hongkong will be the first direct flight between the central Japanese city and Europe. The German airline currently operates seven flights a week between Tokyo
        76 words
      • 65 28 THE UK Monopolies and Mergers Commission (MMC) said the proposed merger of the missile businesses of British Aerospace pic and France's Thomson-CSF would not be against the public interest. Under British law, there are no powers for the Secretary of State for Trade and Industry to
        65 words
      • 95 28 SWEDISH aircraft maker Saab-Scania AB said it sold three of its model 3408 passenger planes to Ireland's Aer Lingus pic for use by its Aer Lingus Commuter Ltd subsidiary. Saab said the twin-engined propshaft aircraft, to be delivered by June, would carry 34 passengers.
        95 words
    • 924 28  -  John Prescott reports on the measures merchant ships can take to protect themselves in the present Gulf conflict THE iGmjE, W.ARi John Prescott Lloyd's List During the Iran-Iraq war, neutral flag merchant ships in the Gulf were protected by Western navies. The US and British navies,
      Lloyd's List  -  924 words
    • 534 28 Lloyd's List WATERFRONT reform in New Zealand has resulted in substantial gains in productivity and greatly reduced handling costs for cargo, but has only achieved half of the potential improvements, New Zealand shadow spokesman for state-owned enterprises Richard Prebble said. Speaking at
      Lloyd's List  -  534 words
    • 543 28 r k I Carbon Jan 28 Ash Alumnom U+m* Pww^W,t,f LT I SI KG M*3% V/V M/M M M PPM retted KG/M'3l V/V M/M M/M PPM method ISO/Cvnac ***** 150 olo W' oW Eastern USA 180 Ave 9880 4 14.5 0 10 16 0 05 Spec
      543 words
    • 13506 36 This is a list of ships loading Ark at Singapore for ports around the world. It tabulates, by N e w destination, the name of the 21. ship, the shipping line involved and the estimated f dates of arrival and departure Taj from the Port of Singapore.
      13,506 words
    • SHIPS IN PORT
      • 700 43 Vnsd Voy No Borth VttvK Departue Vnsd Voy No Bertti Arrival Oopartw Kepod Wharves Hong Woon ***** P2C 01 02/0730 02 02/0630 Fittona 3 K34 01 02/0530 Ikagun 01/91 P2D 3101/1600 0102/1100 Hota Pusaka E-882 K31 alongside 0202/1200 Lavender 3 01 P1B 3101/2359 0102/0600 Kota Wirama E
        700 words
      • 1186 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/Balance Rstts Shj> Voy No Etb/Btr Period From To From l Anson *****N 02/0700 1 31/1500 31/1659 31/1900 2 31/1700 01/0659 01/0900 I B Permai 027 01/1600 1 31/1500 31/1659 31/1900 B Raya 041 03/0100 3 01/0700 01/1159 01/1400
        1,186 words
      • 371 43 Port Klang B«rth at South Port on Jan 31: 1: ml; 2: Conquest Venture L; 3: Puma; 4: ml; 5; ml; 6: Sinar Intan; 7 Pernas Safari; 7A: Melaka iaya III; J.Shell: Bandung. KCT: 8: Anro Temasek, 9: ml; 10; Anson. KH Repin North Port: 11; ml;
        371 words
    • 1005 43 Chartering on the dry cargo freight market on Wednesday featured several vessels on timecharter to Egypt after the country's recent wheat purchases under the US Export Enhancement Programme, brokers said. A panamax vessel was fixed from Japan via the North Pacific to the Egyptian Med at U556,900 daily.
      1,005 words
    • 567 44 THE WAR AP THE OIL-SWALLOWING Norwegian ship Al-W aasit has begun skimming crude from the world's largest oil slick, allegedly caused by Iraq, salvage executives said on Wednesday. Al- Waasit, operated by the Oslo-based Norpol Marine Services Co, is believed to be operating
      AP  -  567 words
    • 513 44 NYT CONTINENTAL Airlines announced on Wednesday that it was adding 32 flights around the country, including 12 from Newark International Airport to Florida, to fill in some of the gaps left by the recent shutdown of Eastern Airlines. When it halted operations on
      NYT  -  513 words
  • Page 27 Advertisements
    • 240 27 BSWEE HfNG METAL CO PIE LTD 13 TUASAVEM SINGAPORE 22iS TELEX RS ***** SMMCfL TEL: 861 Mss(Shn*»| TELEFAX Mt »»e y/\i jv Yv KM ungual b>Li ACIMT ft* j |||K torkllt* Horn 1 n»W 11 lllli lano So tano Wyjj //MtfitlL Tarqu* siM.'trotr UAUISU llConv«fkv iiiailano, iwxw-'n a«MI LPG mil
      240 words
    • 26 27 Container Schedule Daily Fre«hts Into to Advertisers 3 Shipping Gmde W.ll Ships in Port 1' Singapore Tides 1' Veritas Report 2 Weather and Sea Conditions 11
      26 words

  • Page 28 Advertisements
    • 136 28 UP. LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take shots
      136 words

  • Page 29 Advertisements
    • 2083 29 snipping nines, r naay r eoraary 1 mi H| JAROINE SHIPPING AGENCIES 4HIM 200 Cantonment Road #12 OS Southpoint, Singapore 0208 \lflVlr t<h telex no rs 24m ■rfrrnw terminal,<cfs th *****18 220 BOOKINGS Tel *****34 258 L VWQF .J ESAKA JARDINE SHIPPING AGENCIES SDN *>RT KELANG TEL *****18 TELEX MA*****/MA*****
      2,083 words
    • 1266 29 MDEX TO ADVERTISERS Page Col Pane Col A Uoyd Tncstino 4 1/2 I Lucky Seaway 15 3 ABC Containeriine 13 5 Lykes Lines 5 I Accord Group 8 1-3 AFS 15 I I M Ahrenkiel Liner 16 3 Albatros Sea-Air 14 3 Mac-Nets Agencies 14 1/2 Alfred C Toepfer 15
      1,266 words
    • 2311 29 mmm NEXT SAILING TO USA LAURA MAERSK V.9102 FTfl R/9/Q1 Vessel Voy ETA I EfD 'Port "RBnany destinations Singapore Kelang rn» »ce« l Maersk 910? r«-eoe- by CV V 2 oaoo MRS M F arco CFS 2 MRS M Taoro OAK LGB MOO MEM ATL MIA CHS BAI PHL NYC
      2,311 words

  • Page 30 Advertisements
    • 1286 30 ROTTEDAM VOY NO SPOfIE SOUTHAMPTON HAMBURG ANTWEHP IE HAVRE BREMEN EXPRESS 01/510 4/2 29/2 23/2 22/2 HUJ LIVERPOOL BAY 03/514 4/2 21/2 24/2 26/2 l All fffCTKMiND P 04 513 11/2 4 3 2/3 28/3 KCLANC A PERAHC CARGO BENALDFR 99/517 11/2 28/2 5/3 TO UK/TOMTiNfNT WILL HAMBURG EXPRESS 01/516
      1,286 words
    • 506 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISI.A H.OREANA 22-2H/2 11/1 IJ/3 WO ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA NUKUALOAFA DIRECT CHILE SERVICE SIN lOQ ANF VAP CALLAO SAN (PERU) ANTONIO ISLA FLOREANA 22-28/2 1/4 3/4 6/4 7/4 8/4 Callao or Santiago via Valpa Agent*:
      506 words
    • 1345 30 &smm HBUHB REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOV SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) ARABIAN SEA 048W 04/02 25/02 26/02 01/03 02/03 03/03 04/03 05/03 06/03 NORASIA SUN 9049 3 12/02 02/03 03/03 08/02 09/02 10/03 11/03 12/03
      1,345 words

  • Page 31 Advertisements
    • 1864 31 Snipping Times, Friday February 1 IWI SjgSteamers Maritime Holdings Ltdj Ife. > PJP.A flflW STRAITS SHIPPING I OCV/ f 3 Singapore to BrwNi East Malaysia, I Containers I vo, No PKlang Spoie S'tor Hborg Bhanen Rdem Leh ACCEPTS DUE SAILS I BREMEN EXPRESS ***** *KU« 29/01 0402 26® 270? 22®
      1,864 words
    • 1578 31 |M|HH|pH|pppßp|p| 111 Tf> U S A /PANAMA PM- U.S.A./PANAMA 1, So !8 «5 Sf «ST iff SK «T, SH If Ufl n/l &J 27/3 *1 BA»*N SIN ff 1H »1 »1 »1 17,1 WM* Ug Ug S£ T ?a P sf«T«UF l« »2 m m 713 %iIAZ.§ 35 Sg TO:
      1,578 words
    • 369 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS K*U OJ»C£ come cjjgw. VO* NO 9 IS 1 15 Spore 2/2 M M I*2 P Kelang 3/2 11/2 M Pefiang Yangon Mongla Chittagong Calcutta Yokohama Nagoya Osaka Senboku Hochimmh NOTE ALSO CALLING OTHER JAPANESE PORTS HONGKONG. TAIWAN 4 CHINESE POfITS.
      369 words

  • Page 32 Advertisements
    • 698 32 r *g«* CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE YSLVOY S PORE ROAM ADAM H BURG BREMEN ANTWERP KATARAM 28WB 4/2 22/3 28/3 2/4 *1* TRIAS UNITY OCEWB t/3 6/4 12' 4 17 4 4 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sub|ecl to Inducement AI»o accepting cargo to
      698 words
    • 879 32 /as* m. is.i >C/ HANJIN SHIPPING I FffDf o WSL SIN LINE HAUL LAX OAR S poie LIH RTM ANR HAM BRV FEL CHOYANG SUCCESS OIK W U 1D H BURC 0041 ml HANJIN FELIXSTOWE 006W 3,2 25.2 1.3 2 3 2 3 4 3 5/3 HANJIN HAMBURG OOSE JW
      879 words
    • 158 32 AT lUN HUAT SHIPPING A. CO., (PTE) LTD. 10 Anton Road, #14-19/20 International Plaza, V Singapore 0207. FAX: *****94 Tel*: *****11/*****22 Tlx: RS ***** AB LENHUAT DAILY RECEIVING CARGO AT MARINA WHARVES CON MOl TEL *****19 AND P2 TEL *****97 TO INDONESIA VESSEL ETA ETD DESTINATION HONG MOON 217 3/2
      158 words
    • 1094 32 f i -4-T-J 1 PKL SAP HKG KSG KLG PUS HUT OSK NCY SM2 TYO LAX CHS BAL NYC LHV ANW RDM THP MBC PSD CM «tt I I GUIDE RE 046 4/2 S,? 10/2 11/2 110 l« I*2 21/2 22/2 23/2 24/2 1/3 20/3 22/3 24/3 2/4 3/4 4/4
      1,094 words

  • Page 33 Advertisements
    • 1641 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE *****48". TERMINAL OFFICE :*****22 DOCUMENTATION DEPT..27B7J W 0 4 114 figCS CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 K L P (03) E 26U033* P Kelang.(o3)
      1,641 words
    • 995 33 m sin so v 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 SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VESSELS VOTACE |SPOBf |M«NI J> HKOWC VOYAGE SPORE PXLAWC HBUHC
      995 words

  • Page 34 Advertisements
    • 1433 34 I ta K LINE KAWASAKI RISEN KAISHA. LTD. jj EXPORT N. AMERICA. PACIFIC SOUTH-WEST ~7 IWPOWT N. AMERICA PACIFIC SOUTH-WEST "7 nr n** pslsssrs ra s as us 7//ek rrTVi if a f¥l iKuu i 1.2 ,7 9? MANHATTAN BRTO<U 40 3,1 «3 7,3 U/3 8R00.1.N BRIDGE 9-1 IVI 17,1
      1,433 words
    • 1216 34 PHILI-ORI€NT UN€S PTC LTD 108 ROBINSON ROAO #07 00 GMG BUILDING SINGAPORE 0106 X TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA SJfegaiy WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 5 FEB MONTREAL, OTTAWA. TORONTO, VANCOUVER, S'WESTERN ONTARIO. 8
      1,216 words

  • Page 35 Advertisements
    • 1548 35 PACIFIC INTERNATIONAL LINES (PTE) LTD *****55? M Hi PIL Building, 140 Cecil Street #03-00, Singapore 0106 I JAKARTA I I BANGKOK I VESSEL VOV SIN JKT SIN WESSCL VOV S,N BKK S,N EDEN 9105 4/2 «/2 To" HAI VING 9103 1/2 5/2 10/2 KOTA PANJANG 9106 9/2 11/2 PEGASUS PROGRESS
      1,548 words
    • 1139 35 r BEN LINE CONTAINERS LTD 2CX) Cantonment Road Tel: *****22 I #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL |VQV SPORE P KLANG S HAMPTON HAMBURG BHAVEN R DAM J LHAVRE Liverpool Bay* 03/514 4/2 Via KRM 21/2 23/2 26/2 Bremen Express
      1,139 words
    • 324 35 M MYANMA pß* FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg HPA-AN VIS9W In Pt PATHEIN VIO9W 9/12 Feb Feb MYOMA YWA VI32W 7/9 Feb 4/6 Feb ia&THI BANK UNI (A service of Andrew Weir Shipping) VT SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY
      324 words



  • Page 38 Advertisements
    • 824 38 jgj-imFS^N INTEGRATED CONTAINER SERVICE I FROMJ-AR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV RDM ANT HBG BRANDENBURG WMI« S/2 7/3 6/3 9.3 B*3 4/3 EUROPEAN SEN WFIO7 1/2 11/3 5/3 3/3 13/3 LONDON SEN *ff 109 17/2 17/3 15(3 14/3 18/3 SOHLAND WMIO/ 19/2 18/3 19/3 OUTBOUND SIN LCA
      824 words
    • 911 38 TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 03/02 00/02 LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HAMBURG MANCHESTER IE HARVE AND ALL EUROPE INLAND DESTINATIONS FAR EAST PORT KELANG 8/02 15/02 MANILA 9/02 4 16/02 PENANG 8/02 A 15/02 BUSAN 9/02 16/02 BANGKOK 6/02 A 11/02 TOKYO 7/02 14/02 HONGKONG 6/02 11/02
      911 words
    • 225 38 LOADING FOR vessel |lro« DBN I-VIWO 10 S II ,T MOSTWfIN I 1/4 M I//4 »4 4/5 WT «5011 DISCHARGING FM BRAZIL VESSEL SPORE HUG «4hL KEE YOK NGO KM MOSTWEEN 4 ltl M V ***** 1 W U/l W 1 Regular BBulk and Container Service Direct to Turkey, Red
      225 words
    • 1144 38 r t i t 5 1 SP CHINA OCEAN SHIPPING COMPANY I -ST., ,0,0 „.C FULL CONTAINER LINER SERVICE ST— CABLE COSTARLINE I CR NO: 1178/*****0 M 1 General Agents: COBTAR SHIPPING PTE LID I TO EUROPE FROM EUROPE I VESSEL VOY SCP HOT HAM FIX ANT DKK VESSEL/VOY FIX
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  • Page 39 Advertisements
    • 796 39 NIHON-ASIA I 1 CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA All IPI Deslns 1/2.11/2 EUROPE all Ports 5/2, 12/2 BANGKOK 3/2, 8/2 HONGKONG/CHINA 4/2, 11/2 SYD, MEL, ADEL, BRIS 5/2, 13/2 FREMANTLE 7/2, 16/2 MANILA 7/2, 14/2 PKLG/PENANG 3/2, 10/2 Port Kelang Branch Tel: *****21/2/3 Fax: *****24
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    • 259 39 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) \]W\ ETHIOPIAN SHIPPING LINES y (National Lines of Ethiopia) J ACCEPTING FCL AND CONVENTIONAL VESSEL Ivov ETA I LOADING FOH SPOWE ABB AY WONZ 2/WB 10/02 DARESSAI AAM MOMBASA DJIBOUTI ASSAB MASSAWA NETSANE!
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    • 679 39 MASKAPAI PELAYARAN PapULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S'PORE. INDONESIA, 10 ALL DESTINATIONS r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA 9CRVICI uqi VOY SIN JKT PAJ SIN PUL AMAN 36S 8/2 10/2 12/2 15/2
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    • 594 39 cmmmmm. BANGKOK CEBU/MANILA [vessel VOY SINGAPORE BANGKOK [vESSEL VOY SPORE CEBU MANILA UNLINK 42N Fri 1/2 Mon 4/2 KITI BHUM 058 1/2 6/2 8/2 SIAM PAETRA'O 63N Sjt 2/2 Tue 3/2 SO STAR 06A 7/2 13/2 15/2 MAHA BHUM# 45N Tue 5/2 Fri 8/2 KITI BHUM 078 14/2 19/2 2112
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    • 414 39 TO AUSTRALIA/NEW ZEALAND I !~viZ Ifrtm hltlb jSyd lAuck INPE jP CMALM I I i MutNc turn Hi w i« *2 m aa an 11 musui as i»i &i 2/3 iji ii/ 3 ST I c vmouK at Hi His 3/5 nh vii »3 iS antwcwpcm a? IT/i a/i w
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  • Page 40 Advertisements
    • 1257 40 a MAC-NELS SINGAPORE,! »p°»t iti: *****22 f impoht m= *****021 TEL (04) *****6 KK TEL: (088) *****0, TAWAU TEL (089) 7/86/9 P KELANG TEL (03)*****/7 KUCHING TEL (082) *****3j SKAN TEL 4682 I— 1 I OALIOII TEL (0/) *****2 SIBU TEL (084 *****2 LABUAN TEL (08/) *****9 H lEL (2.!
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    • 416 40 SfXfc, BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI KUM-Y containkkised monthly sailings DISCHARGING AT NEW PLYMOUTH POR'I CHALMERS ACCEPTING FCI. LI AUCKLAND. NAPIER. WELLINGTON. BLUFF. CHRISTCHURCII, DUNEDIN, LYTTEI.TON, INVERCARGIL, FIJI AND TAHITI SIN N PIT AUCK l*T REMIER 10S 2 Feb IS Frt Vu NPL 17 Feb
      416 words
    • 996 40 /3EI 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 VOT jIETA OEST VESSEL VOT ETA lEST KIMSOON LI 4/91E 02 FEB PENANG JENHOL 4/91E
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  • Page 41 Advertisements
    • 963 41 COMPANIA PERUANA DE 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 Singjpofe E Msia THOMASEVERtTT In Pt«2 Feb 03 05 Feb KARABIEVERETT 05 06 Feb 07,09 Feb ROSEEVERETT 16/18 Feb 19(21
      963 words
    • 490 41 VSL IvOY |S PORE [MAINLINER [LAX KST SAV NYC HFX A VESSEL M /iM HONGKONG 5(3 14 3 W'l I*3 21/3 2IM OSAKA 16C 9,2 ZiM TOKYO l</3 Til 3 »3 2»3 »3 MM SYDNEY 123E 16/2 2:M TOKYO 14/3 23/3 24,3 21,3 30(3 MM SINGAPORE »E 20,2 ZIM CALIFORNIA
      490 words
    • 710 41 WSING KWANG HANG SHtPMNG A TRA*S*ORTATIO#I (fTI) LTD WEEKLY LCL/FCL SERVICE 1 VESSEI |S PORE |jAKARTA~ SURABAYA MEKHANIK KURAKO V 46N 14/? 17/2 EQUATOR JOY V 13N |08/2 I— 1 1 VESSEL S PORE BANGKOK A VESSEL 03/2 06/2 A VESSEL 17/2 DESTINATIONS ETA SINGAPORE PORT KELANG 08 FEB MANILA
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    • 579 41 PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PELOPOR 973 02/02 06/02 PRASFTIA 143 A 07/02 10/02 PELOPOR 974 09/02 12/02 PRASE TIA 145 A 14/02 17/02 TANTO UTAMA 139 04/02 07/02 TANTO UTAMA 141 11/02 14/02 TANTO UTAMA 143 18/02 21/02 General
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    • 392 41 irg— j SIN FAB EAST 3/2 KEELUNG/KAOHSIUNG 2/2 BANGKOK 4/2 MANILA/CEBU 2/2 JAKARTA/BELAWAN/SURABAYA 2/2 PORT KELANG/PENANG/E. Malaysia 5/2 BUSAN 3/2 TOKYO/YOKO/KOBE/NGO/OSA 5/2 HONG KONG also accepting cargo to Huangpu'Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai SIN EUROPE/UK 2/2 LDN/FLX/LVP/SOU 2/2 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/ CANADA 5/2 LOS ANGELES/NEW YORK
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  • Page 42 Advertisements
    • 742 42 CB SHIPPING I (l™oV a MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINER/LCL/BREAKBULK SERVICE "ANKE" SERVICE lAK SPt TOM L« T Villi V2ISB 11/3 2,7 1&2 l4 J V22SB 2/3 5,3 I*3 l'il a 3 PNG. FREIGHT RATES PER TEU LCL CARGO B/BULK GENERAL FAK USDISSO USDW/RT USO7O/R T 150M3
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    • 852 42 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOV ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE BMT V.02CW91 8/2/91 3/3/91 4/3/91 9/3/91 N C V 2690W 12/2/91 12/3/91 1/3/91 7/3/91 M B V 03CW91 26/2/91 20/3/91 21/3/91 26/3/91 KM V.0191W 4/3/91 30/3/91 20/3/91 25/3/91 ALSO ACCEPTING CARGO FOR MILANO LASPEZIA PROVAGUO BARCELONA ZURICH
      852 words
    • 498 42 CILIIcon-WRv mTEßmoonpi i V 1 LCL/FCL SERVICE FROM 0 J f=i r=« tmjA W CUJt operates ov*r 600 t*rminal«toffk*» in U.S.A HI m CUM maintains ovar 35,000 tractors ft trucks. V AM Jo///— ovar 60,000 points in US.A. l._l JM|\ m CUMoffwrsiiabiaLCLTCL servicas. General A(»»nt» r TDAA/T7/A/A' df/y PENANG- KL:
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    • 516 42 m Straits Container Agencies I (a member of Steamers Maritime Holdings Ltd) CONTAINER FEEDER SERVICE P T ANGKUTAN PERTAMBANGAN SERVICE VESSEL VOY SPORE JAKARTA SURABAYA TAKARI IV 4056 01 FEB M FEB TAKARI I 1574 04 FEB 06 FEB TAKARI IV 4058 08 FEB 10 FEB TAKARI I 16* 11
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  • Page 43 Miscellaneous
    • 585 43 TIDES AND WEATHER TODAY'S TIDES (haflt in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 24 2.7 2.7 2.3 1.8 1.3 1.0 09 1.0 1 3 20 28 33 34 31 26
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  • Page 44 Advertisements
    • 377 44 CHARTPOINT Every Saturday in Business Times Kill MJUIII Ul 113 vii J PT. PELAYARAN. SAMUDRA AGUNG KUALA SIAK IV UK?. 102 SBfßSMffi 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BATAM SUMATRA PORTS Also accepting cargo for ports in Jawa Kalimatan We specialise in project heavylift cargo Owners
      377 words
    • 419 44 /HYUNDAII MERCHANT MARINE CO. LTD. WESTBOUND FROM USA TO PSW I SI. I hkc im OA. sea CH. FROM PSW ,o, LBH St. w SI. HYUNDAI COMMANDER !X~ 1« <» V}M M "Si «1 Ml *> =r* I 111 s3a I S I HYUNDAI INNOVATOR 39E 9/3 14/3 1/4 4/4
      419 words
    • 547 44 ICHARTPOINTI Every Saturday in Business Times I NOTICE Mohd Yunos Bin Osman l/C No. *****91 IF Tshua Ke U (Ah Chua) l/C No. *****65/ A This is to advise that with immediate effect from January 25, 1991, the above persons are no longer Directors/ Shareholders in our oompany They are
      547 words