The Business Times, 20 February 1991

Microfilm: NL17400
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Wednesday February 20 1991 75*
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  • NEWS SUMMARY
    • Article
      Bid to re-start stalled talks on global commerce
      77 1 FARM negotiators and the head of the world trade forum Gatt will meet today to try to re-start stalled talks on liberalising global commerce. Trade sources in Geneva said yesterday that Arthur Dunkel, direc-tor-general of the General Agreement on Tariffs and Trade,
      77 words
    • Article
      BA wants to set up German airline
      50 1 BRITISH Airways pic has asked the Bonn transportation ministry for permission to set up an airline which would be 51 per cent owned by German investors and would take over BA's German routes to Berlin from April 1, ministry spokesman Gert-Juergen Scholz said.
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    • Article
      Insurance sales up
      22 1 TOTAL life insurance sales rose by 9.4 per cent last year, thanks to a record fourth quarter Page 2
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    • Article
      Trips to Triangle
      21 1 INDONESIA is expecting trade delegations from Osaka and Tokyo to visit the Growth Triangle this year Page 2
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    • Article
      Bid to drop levy
      37 1 MANILA'S Trade and Industry Department is pushing for the scrapping of the controversial 9 per cent additional import levy to avert plans by MNCs to move to Malaysia and other countries. Page 7
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    • Article
      Taiwanese eye Moscow
      35 1 TAIWANESE businessmen are trying to get a larger slice of the Soviet trade pie, one year after Taipei's anti-communist government lifted a ban on direct trade with the Soviet Union Page 8
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    • Article
      Indian budget put off
      24 1 INDIAN Prime Minister Chandra Shekhar has postponed the country's budget, due on Feb 28, by about three months Page 8
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    • Article
      Situation still unclear
      35 1 IT REMAINS to be seen whether New Zealand's Magnum Corp will be able to use its link-up with APB to achieve its ambition of breaking into the Australian brewing business Page II
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    • Article
      Lorenzo expanding
      22 1 BACKED by Neptune Orient Lines (NOL), Philippine-based Lorenzo Shipping Corp (LSC) is rapidly expanding its operations. Shipping Times Page I
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  • MARKETS SUMMARY
    • Article
      Dow lower
      30 1 SHARE PRICES opened lower on Wall Street yesterday with the Dow Jones index of leading industrials dropping 10.64 points to 2,924.01 in the first five minutes of trading.
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    • Article
      Footsie higher
      45 1 SHARE PRICES in London were higher at midday yesterday, led upwards by stock index futures trading. At about 1200 GMT, the Financial Times-Stock Exchange 100Share Index was up 7.5 points, or 0.3 per cent, at 2,325.8. Volume was 290.7 million shares at midday.
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    • Article
      SPP to sell building
      25 1 SPP LTD has agreed to sell its flagship building in Alexandra Road for $16.51 million to Sime Singapore Ltd. Page 3
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    • Article
      Hotel stocks rebound
      25 1 THE CURRENT gloom surrounding the hotel industry has not affected Singaporelisted hotel stocks, which made a strong rebound last week Page 3
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    • Article
      Tax for foreigners
      32 1 FOREIGN securities traders in Indonesia are required to pay income tax on capital gains if they stay in the country for more than 183 days a year Page 6
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    • Article, Illustration
      STOCK INDICES
      28 1 Tuesday Change BT-MGA 675.51 +0.01 Kuala Lumpur ....555.34 +9.38 Hongkong 3,467.84 -5.58 Tokyo 26,166.98 -63.03 Sydney 1,398.3 -1.0 Monday Change New York Closed London 2,318.3 +21.4
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    • Article
      CURRENCIES
      19 1 Exchange rates USS SSI.7180 100 Yen SS1.3160 MS SS0.6377 Money market rates Overnight 4-1/4 -3/8 3-month 4-1/2% unch
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    • Article
      COMMODITIES
      39 1 London Gold AM f'X USS36 i .60 -USS3.00 Rubber S'pore Mar l43.75'/kg -0.50 M'sia Mar 228.00Vkg -0.50 KL Tin Turnover 10 tonnes-8 Spot MS 14.99 /kg +0.11 Crude palm u.i Turnover 576 lots -830 Mar MS850. .nine +4
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  • Article
    SES offers foreign firms primary listing incentive
    468 1  -  'Local listing' treatment for those with major assets in S'pore By Elaine Koh FOREIGN companies seeking a primary listing on the Stock Exchange of Singapore now have a carrot dangled in front of them, with the authorities offering to treat them on par
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  • Article, Illustration
    GP Batteries launch ignites new era
    110 1 THE launching of GP Batteries on the Stock Exchange of Singapore marks a new step for the local equities market. The Hongkong manufacturer, which has won operational headquarter status here, will be the first to test market reaction to primary listings of companies with
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  • Article
    Asian stocks close mixed in active trading
    312 1 ASIAN STOCKS closed mixed yesterday as markets had to cope with bouts of profit-taking and active buying. Trading volumes were heavy and market sentiment was still dictated by hopes of an early end to the Gulf War. In Singapore, the Straits Times Industrials
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  • Article, Illustration
    Britannia Brands to move part of production to India
    350 1  -  By S N Vasuki ASIAN biscuit and snack foods giant Britannia Brands will be moving a part of its Singapore manufacturing operations to India. Britannia chairman J M Rajan Pillai, confirming the plans for the shift, told BT yesterday that it
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  • Article
    Transport plan to make S'pore congestion-free
    476 1  -  By Rahita Elias THE URBAN Redevelopment Authority (URA) is mapping out a transportation master plan that would transform Singapore into a con-gestion-free country in the next century. The Strategic Transportation Plan, which will develop the Republic's transportation system between 2010 and 2030 and beyond,
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  • Article
    Lock icon Jakarta stock exchange to go private in June
    113 1 Reuter INDONESIA'S Capital Market Supervisory Board (Bapepam), which runs the Jakarta stock exchange, plans to privatise the exchange in June. Bapepam vice-chairman Djoko kusnadi said the board was working on rules for the private exchange and expected them to be ready next
    Reuter  -  113 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 2
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Book on national development plans
        98 2 SINGAPORE: THE NEXT LAP, a 160-page book that outlines the country's long-term plans for national development, will be on sale at the bookshops from Saturday. The book was put together by a government Long-Term National Development Committee comprising the ministers of state, and draws on
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      • Article
        Talk on European impact
        75 2 THE impact of European integration on the world economy is the subject of a talk to be held on Thursday next week. The talk, jointly organised by the Singapore Chinese Chamber of Commerce Industry and the Goethe-Institute Singapore, will be conducted by Professor Dr Paul Bernd
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      • Article
        Visit to Paya Lebar Airport
        99 2 SINGAPORE'S defence spending is not apportioned according to international developments, said the Senior Minister of State for Defence, Dr Lee Boon Yang, yesterday. The Singapore Armed Forces must get the best value for its money spent to maintain a fighting defence force. Dr Lee was
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      • Article
        SPH sponsors Writers' Lab
        91 2 SINGAPORE Press Holdings is sponsoring the first year of the Writers' Laboratory, a new project of Theatreworks to nurture Singaporean writing and develop local theatre. A self-help programme modelled along the lines of similar projects in the UK and the US, the Writers' Laboratory will, from
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      • Article
        Change of Batam numbers
        39 2 FROM TODAY, telephone numbers in Batam beginning with '21XXX', '22XXX' and '56XXX' to '59XXX' will be changed. Callers are required to dial an extra digit, either 3 or 4, followed by the existing telephone numbers.
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      • Article
        Corrections & Clarifications
        93 2 Corrections Clarifications IN THE report 'Don't opt out of Medisave, NTUC urges' in yesterday's BT, we should have written MediShield rather than Medisave. And in the report 'Ngiam is now executive chairman of DBS Bank', published on Feb 12, we said that Ngiam Tong Dow had been upgraded by DBS
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    • Article
      Fourth quarter spurt boosts life insurance sales by 9.4pc
      612 2  -  Gulf crisis fails to dampen growth of industry By Diana Oon A RECORD-BREAKING performance in the fourth quarter, the Gulf crisis notwithstanding, boosted total life insurance sales by 9.4 per cent last year. Figures from the Life Insurance Association (LIA) show
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    • Article, Illustration
      Japanese trade teams to visit Growth Triangle
      328 2  -  By David Chew THE joint mission of Indonesia and Singapore to promote Riau to Japanese investors last December is yielding returns, with Indonesia expecting trade delegations from Osaka and Tokyo to visit the Growth Triangle this year. Indonesia's Junior Minister of Industry Tunki
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    • Article
      A glittering affair in Tokyo
      166 2 EIGHTEEN local jewellers will be among more than 700 from around the world who will take part in the Second International Jewellery Tokyo (IJT) '91 from Feb 26-28. Some 35,000 buyers such as import traders, wholesalers/distributors, manufacturers and retailers are expected to attend the jewellery
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  • Page 2 Advertisements
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      573 2 ■JlllflllfllllllliiW ASIA'S PREMIER CONFERENCE AND EXHIBITION FOR THE BANKING AND FINANCE INDUSTRY The Asia-Pacific... the new frontier of growth in the 21 st century, and Singapore... the regional financial hub ma n a*! 1 b F n U t ii and one of the world's fastest growing business capitals... provide
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      Page 2 Advertisements Column 2
      159 2 THE GROWTH TRIANGLE A Special Business Times Survey February 26, 1991 The Growth Triangle began casually as an idea. Singapore. Batam. Johor. Singapore has a rich pool of managerial talent. Batam and Johor are rich in natural resources, land and labour. Combine the three and they make a triangle of
      159 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      G P Batteries making unique share issue
      544 3  -  Only lm shares will be offered to the public By Elaine Koh G P BATTERIES International, a Hongkong battery manufacturer, is making a novel two-tier share issue of seven million shares at US$2 each, of which more than half has already been taken
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    • Article
      UIS goes into the red with group loss of $291,000 after tax
      390 3  -  By Quak Hiang Whai UNITED International Securities yesterday reported a group after-tax loss of $291,000 for 1990 a shocking turn of event in view of its $3.6 million profit the year before. In a statement last night, UIS
      390 words
    • Article
      Hotels appear to have more room for earnings growth
      705 3  -  MARKET TALK By William Chia IN SPITE OF the current gloom surrounding the hotel industry, share prices of hotel counters on the local stock exchange managed to rehound strongly last week. Some analysts consider this surge of interest in hotel stocks
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    • Article, Illustration
      Sime (S) buys SPPL Building for $16.51m
      420 3  -  By Lee Han Shih SPP LTD has finally found a buyer for its flagship building in Alexandra Road, but at a price that is a few million dollars lower than what was considered its peak value two years ago. A statement by the
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    • COMPANY BRIEFS
      • Article
        Mara seeks directors for subsidiaries
        141 3 MARA will study carefully potential directors to serve on the boards of its subsidiary and associate companies in order to improve the performance of these companies, its chairman Tamrin Ghafar said yesterday. Mr Tamrin, who assumed the post last week, said about 70 directors in
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      • Article
        Singatronics' acquisition terms
        88 3 SINGATRONICS Ltd said the completion of its acquisition of Theck Heng Industrial Pte Ltd is subject to the following conditions being met by March 13, or such later date as the company may agree: the company being satisfied with the results of a review on Theck Heng
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      • Article
        Hind replies to SES
        35 3 HIND HOTELS International Ltd told the SES yesterday that it was not aware of any reason for the sharp increase in the turnover of the company's shares on the exchange recently.
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      • Article
        B & M forms audit body
        29 3 B M forms audit body BRITISH MALAYAN TRUSTEES Ltd said it had formed an audit committee, comprising John Cuiran (chairman), Cecil V R Wong and Betty Koh Hue Lah.
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      • Article
        NatSteel shares conversion
        62 3 SHAREHOLDERS of Nat Steel Ltd have passed an ordinary resolution at yesterday's EGM allowing the conversion of all new ordinary shares of 1 each, to be issued as fully paid-up shares by the company pursuant to the authority conferred on the directors at the AGM last May,
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      379 3 The alternative. J W ANA HOTEL SINCAPORE I|| Y.B. Dato' Sabbaruddin Chik, Minister of Culture, Arts Tourism I How will the Tourism industry fare as a result of the Gulf War? Will the expected economic stowI 11 f down affect Malaysian Tourism? How can Malaysia consolidate its Tourism gains achieved
      379 words
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        SHK director eyes Legco seat
        65 4 SUN HUNG Kai director Chan Sun-Sun is expected to contest the newly created Legislative Council seat for the financial and insurance sector, the South C hina Morning Post reported. The 44-year-old director of the territory's largest stockbroker is understood to have the blessing of his
        65 words
      • Article
        Plan for first Thai flatted factory
        41 4 THAI Factory Development Co, a realty developer for industrialists, plans to construct a flatted factory project, a new concept in industrial factories in Thailand, each year for the next five years, the Bangkok Post reported.
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      • Article
        Stock losses likely to hit Ampol
        110 4 PIONEER International Ltd said it expected the profit performance of its wholly-owned subsidiary Ampol Ltd would be hit hard by stock losses in the second half of its reporting year which ends on June 30. After announcing a rise in half-year net profit to
        110 words
      • Article
        Condo developer denies rumours
        41 4 THE DEVELOPER of a 14-storcy residential condominium in Thailand's Ratchadapisek Road denied that it would abandon the project because of cost overruns. Patchurah Beach Co has accused former sales representatives of circulating damaging rumours to frighten investors.
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    • Article, Illustration
      Small HK brokers selling seats
      455 4 Many hit by falling income; corporate brokerage houses taking over DWINDLING INCOME and an uncertain outlook for the industry have forced many stockbrokers to relinquish their seats on the Hongkong exchange, according to the South China Morning Post. So far this year, 11 seats have
      455 words
    • Article
      Lock icon M Stanley closes HK equities division
      137 4 Reuter US FINANCIAL firm Morgan Stanley Inc has closed its Hongkong International Equities division and laid off its eight brokers, a spokesman said. Local managing director Andrew Liu said the company was reviewing staffing levels in Hongkong but the company's equity services would be
      Reuter  -  137 words
    • Article
      Lock icon Brierley pleased with asset sale
      254 4 AFP NEW ZEALAND-based Brierley Investments Ltd (BIL) has "broken the back" of its asset sale programme with NZ$9OO million (***** million) in sales since the beginning of the year, chairman Bruce Hancox said on Sunday. High debt levels following the takeover of a British hotel
      AFP  -  254 words
    • Article
      Lock icon BIL in option to buy shares in Carter Holt
      127 4 Reuter BRIERLEY Investments Ltd said it had entered into a put option deed under which it may be required to buy up to 57 million shares in Carter Holt Harvey Ltd at NZ$l.l5 (551.19) a share by March 27. BIL gave
      Reuter  -  127 words
    • Article
      LET Pacific to develop Johor site
      192 4 HONGKONG-LISTED property company LET Pacific has acquired a 150,000squarc foot site in Johor Baru, at a cost of HK$llO million (5524.2 million), the South China Morning Post reported on Monday. The site will be developed into a high grade retail and office complex comprising
      192 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
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      Page 4 Advertisements Column 2
      20 4 Analysis, Pg 11 Managers Must Manage BT shows you how every Monday. someone overseas about Sngapore. Subscribe now Call 740-IMO/1.
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Banks aim to link WPP's debt service to share price
      332 5 Reuter SOME bank lenders to WPP Group pic, which is negotiating a restructuring of some US$BOO million (Ssl.4 billion) debt, are hoping to link payment to performance of the company's shares, an executive at one of the banks said on
      Reuter  -  332 words
    • Article
      Lock icon AT&T extends offer to buy NCR stock from shareholders
      384 5 AP AMERICAN Telephone and Telegraph Co (AT&T) on Monday extended its offer to buy NCR Corp stock from shareholders, but NCR said the US$9O per share cash tender offer was still inadequate. AT&T, seeking to strengthen its position in the computer
      AP  -  384 words
    • Article
      Lock icon TNT reports 68pc profit slump
      442 5 Reuter INTERNATIONAL transport group TNT Ltd has blamed the Australian recession, expansion costs in Europe and a lower contribution from South America for a 68 per cent profit slump in the six months to Dec 31, 1990. TNT said in a statement released in Sydney
      Reuter  -  442 words
    • Article, Illustration
      Lock icon Spinoff of Quaker Oats' unit to proceed
      340 5 Reuter QUAKER OATS Co chairman William Smithburg has received several inquiries from potential buyers for the company's Fisher-Price toys unit, but said he will proceed with the planned spinoff of the subsidiary to shareholders by the end of March. He declined to identify
      Reuter  -  340 words
    • Article
      Drexel court case closer to settlement
      465 5 DREXEL BURNHAM Lambert's bankruptcy ease has moved a giant step closer to settlement with the main parties agreeing in principle on how to divide up what is left of the firm. And the agreement, if it holds, could even make it possible for Drexel
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    • Article
      Lock icon Germany's regional bourses fear pullout by big companies
      318 5 Reuter A MOVE by major German firms to withdraw their shares from the country's regional stock exchanges would be viewed as the kiss of death for the local exchanges, say officials at some regional bourses. Some major German companies are considering such
      Reuter  -  318 words
    • Article
      Lock icon Bumpy ride ahead for US car industry
      190 5 AP CHRYSLER CORP's rare weeklong shutdown of all its US motorcar assembly plants shows the bleak state of the motorcar industry, and analysts said on Monday that it may get worse. "There are some severe capacity problems right now," said analyst Harley Shaiken,
      AP  -  190 words
    • COMPANY BRIEFS
      • Article
        Shell, Columbia Gas sign Algerian LNG deal
        121 5 THE COLUMBIA Gas System Inc and Shell Oil Co said on Monday they had a long-term agreement that will lead to importing liquefied natural gas from Algeria for IS years. Deliveries were expected to start in 1993 after the approval of US regulatory
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      • Article
        US steelmaker wins Tokyo nod
        75 5 NORTHWESTERN Steel and Wire Co won certification on Monday as a supplier to Japanese government-funded construction projects, a first for an Illinois steelmaker. The Japan Industrial Standards stamp certifies that Northwestern's structural steel products meet the strict quality standards of Japan's Ministry of International Trade
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      • Article
        Kirin Brewery upbeat on profit
        96 5 KIRIN Brewery Co Ltd, Japan's leading brewer, forecasts parent net profit of 38 billion yen (Ssso million) in calendar 1991, up from 35.84 billion the previous year, a company spokesman said. Kirin sees parent current profit of 8S billion yen on estimated sales of 1.31
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      • Article
        Nissan to promote recycling
        95 5 MAJOR JAPANESE motor car maker Nissan Motor Co said on Monday it will promote a recycling programme including the development of vehicle structures that will allow easy dismantling and increased use of materials that facilitate recycling of vehicles. The Tokyo-based company said the programme incorporates measures
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      • Article
        Marubeni to grant loan to Iran
        73 5 JAPANESE trading firm Marubeni Corp will grant US$l25 million (Ss2l4 million) in loans to state-owned National Iranian Oil Co (NIOC) to help build an oil refinery in Bandar Abbas in the Strait of Hormuz, a Marubeni spokesman said. NIOC has also asked Mitsubishi Corp,
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      • Article
        BET chairman to retire in May
        76 5 CHAIRMAN of support services group BET pic Sir Timothy Bevan is to retire in May, while the company may negotiate a joint venture or an outright sale of its Biffa waste management subsidiary, BET said. Sir Timothy, who will be 64 in May, has
        76 words
  • Page 5 Advertisements
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      341 5 MEET WITH SUCCESS I AT THE MARINA MANDARIN j With the J990 APEC Ministerial now independent tankerowners and their spouses Dr Quah Lee Kiang hehirid us. I want to express mv thanks and is not an easy group to handle, as thev are Co-ordinator < 0 and chairman the thanks
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Jakarta favours slow rupiah devaluation
        108 6 INDONESIA will stick to its present policy of a slow depreciation of the rupiah and avoid the sharp devaluations of the past, central bank governor Adrianus Mooy said. The Antara news agency yesterday quoted him as telling a parliamentary committee that the gradual slide in
        108 words
      • Article
        Thai banks plan more rate cuts
        90 6 FIVE MAJOR THAI BANKS are expected to meet next month to consider a further interest rate cut, said Thai Farmers' Bank president Banyong Lamam. The Thai Farmers' Bank, Bangkok Bank, Krung Thai Bank, Siam Commercial Bank and Bank of Ayudhya have already agreed to
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      • Article
        Aussie inflation likely to fall
        104 6 RESERVE BANK GOVERNOR Bernie Fraser said he expected the Australian inflation rate to fall to 5 per cent by the middle of this year. "The Reserve Bank would want to push that rate down, it could reach 5 per cent by the middle of the
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      • Article
        Thai banks may raise fees
        98 6 THE THAI Bankers Association's foreign business club will call for a meeting early next month to consider increasing service fees for international trade transactions, The Nation reported. Khan Pranchuabmoh, vice-president of Thai Danu Bank and chairman of the club, said the March 6 meeting will
        98 words
      • Article
        German securities purchases up
        91 6 FOREIGN PURCHASES of German securities rose sharply in December, increasing long-term capital imports and reducing the country's overall capital account deficit, the Bundesbank reported on Monday. However, the securities purchases were offset partly by capital outflows from German direct investments abroad. Earlier, the Bundesbank said the
        91 words
      • Article
        Auction of Mexican bank shares
        89 6 INVESTORS who want to buy shares in Mexican banks have until March 11 to submit their names for the government's first auction in a sweeping privatisation project, the Treasury Department announced in Mexico City on Monday. The first three banks to go on the auction
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    • Article, Illustration
      Foreign share traders in Indonesia must pay tax
      306 6 FOREIGNERS trading securities in Indonesia are required to pay income tax on capital gains if they stay in the country for more than 183 days a year, said Tax Director-General Mar'ie Muhammad. After briefing executives of companies listed on the capital market
      306 words
    • Article
      Lock icon Collapsed Indon bank to reopen with new investors
      254 6 AFP A SMALL private Indonesian bank which collapsed last year plans to reopen next month after a group of creditors and an investor agreed to inject fresh capital into the firm, press reports said in Jakarta yesterday. Bank Umum Majapahit Jaya (BUMJ)
      AFP  -  254 words
    • Article
      Lock icon UK banks to change payout policy
      545 6 Reuter INVESTORS could find the days of big dividend payouts by British banks numbered after Britain's big four begin announcing 1990 results this week. Dividend increases for 1990 are estimated to range from nil for Midland Bank pic to 15 per cent for Lloyds
      Reuter  -  545 words
    • Article
      Thai govt bank forecasts 90pc drop in profits
      409 6 THE THAI Government Savings Bank has projected a profit in the fiscal year ending December 1991 of 198 million baht (S$ 13.5 million), a sharp drop of 90 per cent from the 1.9 billion baht recorded last year because of some restrictions
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    • Article
      Lock icon Ethics committee close to verdicts on Keating Five
      334 6 UPI THE US Senate Ethics Committee appears close to reaching verdicts on five senators alleged to have pressured a federal agency on behalf of savings and loan kingpin Charles Keating, who contributed US$l.3 million (552.2 million) to their campaigns and causes. Waiting
      UPI  -  334 words
    • Article, Illustration
      Lock icon New HK office set up to handle Exchange Fund
      277 6 Reuter HONGKONG has set up a new office to handle the operations of its Exchange Fund, Financial Secretary Sir Piers Jacobs said in a statement on Monday. There had been market talk in Hongkong that the Office of the Exchange Fund
      Reuter  -  277 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      366 6 Singapore H 6 7 March Ming Court Hotel. Kuala Lumpur The coming decade presents fundamental Presenting a panel of 9 of the industry s experts challenges to the general insurance industry an d specialists in Singapore, Malaysia and the Asia-Pacific Ahmad Ghiti T Chief Executive Principal Officer region. Increasing competition,
      366 words
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      Page 6 Advertisements Column 2
      357 6 Dr Donald B Sparks I 4 Ik S Mar Hyatt Aryaduta. Jakarta I 6 It 7 Mar Hilton Hotel. Kuala Lumpur I 11 Ik 12 Mar Holiday Inn Crown Plasa. Bangkok I 13 Ik 14 Mar Hyatt Hotel. Singapore I Advanced Course Programme H THE NEGOTIATION PROCESS MYTHS AND REALITIES.
      357 words
  • Page 6 Miscellaneous
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  • THE REGION
    • Article
      Manila may scrap unpopular levy
      421 7  -  Multinationals threaten to relocate operations From Al O Labita Jr in MANILA MANILA'S Trade and Industry Department is pushing for the scrapping of the controversial 9 per cent additional import levy to avert plans by multinationals to shift operations to Malaysia and other Asian countries.
      421 words
    • Article
      Trade disputes on the rise in China
      337 7 THERE has been a dramatic rise in trade and joint venture disputes in China over the past two years. The South China Morning Post reported on Monday that this has led to a backlog of nearly 400 cases waiting to be heard by
      337 words
    • Article
      Lock icon Australia's Labor government faces host of crisis
      462 7 AFP AUSTRALIA'S Labor government is in crisis racked by leadership wrangles, recession and the dismal economic performance of Labor administrations in three of the country's six states. Manufacturing industry is in decline, unemployment has reached its highest level since September 1983 and figures
      AFP  -  462 words
    • Article
      Lock icon Severe drought, typhoon hit Philippine crops
      260 7 Reuter DAMAGE from a drought hitting the Philippines for the second consecutive year is rising while sugar output estimates have been lowered because of a typhoon last year. The agriculture department in Manila said yesterday that damage caused by the nearly four-month drought has
      Reuter  -  260 words
    • Article
      Bangkok places priority on environment
      136 7 THAILAND will stand firm on environmental protection in regard to any agreement it makes with the Malaysian authorities on the opening up of a transit route between Tarutao and the Langkawi islands. The proposal to establish direct links between the islands off the Malaysian peninsula
      136 words
    • NOTE BOOK
      • Article
        Tale of assassination shakes Chatichai govt
        61 7 GROWING RUMOURS of a plot nearly 10 years ago to assassinate a member of the Thai royal family are developing into a scandal which threatens the already shaky government of Prime Minister Chatichai. According to a flurry of Thai press reports, the abortive plot,
        61 words
      • Article
        Thai industrial output up
        47 7 THAILAND'S industrial output rose a preliminary 13.1 per cent year-on-year in December 1990 against a revised 13.3 per cent the previous month and 17.6 per cent a year previously, the Bank of Thailand said. It earlier put November growth at 13.2 per cent.
        47 words
      • Article
        Outward-processing trade soars
        56 7 HONGKONG'S outward-processing trade with China the import and export of raw materials or semi-manufactured goods to be processed into semi-manufactured or finished products jumped in the third quarter of 1990, Census and Statistics data showed. Third-quarter imports from China related to outward processing climbed 27 per cent
        56 words
      • Article
        Australia warns US on wheat
        53 7 AUSTRALIAN Trade Minister Neal Blewett has warned the US that relations with Washington could be severely damaged as a result of a trade dispute over wheat. Australia joined forces on Monday with farmers in decrying actions by the US for its alleged poaching of valuable
        53 words
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      Page 7 Advertisements Column 1
      120 7 Rentokil I Towards a cleaner and healthier environment. H I RENTOKIL, an international service group, proudly announce the acquisition of CALMIC SERVICE and WELLCOME PEST CONTROL I SERVICE from WELLCOME SINGAPORE PTE LTD. calmic disinfectant/deodoriser units help With this, we affirm our continuing commitment to serve you better "> brooms
      120 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Think-tanks expect E German slump
        95 8 GERMANY'S five leading economic research institutes expect the gross national product of former East Germany to contract by 10 to 20 per cent this year. Economists from the institutes also confirmed on Monday newspaper reports which said that they expected the GNP of former West
        95 words
      • Article
        Surplus for united Germany
        96 8 UNITED GERMANY had a balance-of-payments surplus of 10.975 billion deutschemarks (S$ 12.731 billion) last year, according to provisional figures released in Frankfurt on Monday by the Bundesbank. In 1989, what was then West Germany had a deficit of about 19 billion marks on its balance of
        96 words
      • Article
        New Peruvian ministers named
        103 8 PERUVIAN PRESIDENT Alberto Fujimori swore in new labour and industry ministers in Lima on Monday after his entire Cabinet resigned because of disputes over how to fight inflation. Lawyer Alfonso de los Heros became Labour Minister and Victor Joy Wa is the new Industry Minister. Peru
        103 words
      • Article
        Croatia opens foreign bureau
        50 8 THE YUGOSLAV REPUBLIC of Croatia will open its first foreign representation bureau today in Stuttgart. Croatian Foreign Minister Frane Vinko Golem said on Monday that the office was not "an official diplomatic representation", and added that a number of other such bureaus would be opened elsewhere.
        50 words
      • Article
        N Korean mission visits Japan
        74 8 A HIGH-RANKING North Korean delegation arrives in Tokyo today aiming to put pressure on cautious Japan to speed up normalisation of relations. The group, led by Kim Yong-Son, secretary-general of the ruling Workers' Party in charge of international affairs, is one of the most senior
        74 words
      • Article
        Seoul to seek UN membership
        64 8 SOUTH KOREAN Prime Minister Ro Jai-bong says his country will apply for United Nations membership in spite of strong opposition from rival North Korea. He said in a report published yesterday that the Seoul government was working to upgrade its trade relations with China, considered
        64 words
    • Article
      Lock icon Taipei businesses seek larger share of Soviet market
      524 8 Past year profitable despite obstacles AP TAIWANESE businessmen are trying to get a larger slice of the Soviet trade pie, one year after the anti-communist government on the island lifted a ban on direct trade with the Soviet Union. The past year
      AP  -  524 words
    • Article, Illustration
      Lock icon War speeds up change in Moscow's role
      432 8 THE MHSBI AP THE GULF WAR is accelerating a radical transformation of the Soviet Union's relations with long-time friends and old enemies in the Middle East. For now, the Soviets are content to sit out the fighting, tending to domestic troubles while former
      AP  -  432 words
    • Article
      Web of wheeling-dealing over Tokyo aid
      534 8  -  From Koichi Ishiyama in TOKYO JAPANESE Prime Minister Toshiki Kaifu put it down to luck but the success of his ruling Liberal Democratic Party in winning parliamentary approval for his controversial US$9 billion Gulf aid package was a matter of Japan's international interests, domestic
      534 words
    • Article, Illustration
      Lock icon Indian Premier postpones budget
      358 8 Reuter INDIAN Prime Minister Chandra Shckhar has postponed the country's budget, due on Feb 28, by about three months, the Press Trust of India said on Monday. The move was apparently aimed at saving his fragile minority government. The agency quoted Mr Shckhar as telling a
      Reuter  -  358 words
    • Article
      Lock icon Poland seeking massive 80pc debt write-off
      311 8 AFP POLAND is seeking a massive write-off of its foreign debt, making debt reduction the cornerstone of hopes for economic recovery. The Warsaw government would like to see 80 per cent of its huge US$47 billion (US$BO.4 billion) debt forgiven, but Western experts fear
      AFP  -  311 words
    • Article
      Lock icon Second straight year of slow growth for India
      312 8 FT GROWTH in the Indian economy has slowed for the second consecutive year, according to the Reserve Bank of India. Its annual report on currency and finance, produced in advance of the budget at the end of the month, shows the real
      FT  -  312 words
    • Article, Illustration
      Lock icon Some experts see end of US recession by August
      803 8 NYT A MAJORITY of forecasters in the US arc insisting that the current recession will end by August, basing their optimism on the behaviour of past recessions. By their own acknowledgment, however, the forecasters arc playing down the special troubling features
      NYT  -  803 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      101 9 B 19 Fly. I n your can get away anytime, anywhere, comfortably, t -Y~*"'" M 0 Grand Caravan that's good for business. Sembawang Aviation is the distributor of I fll j||gj Cessna i Challenger and Citation fp?fjl|pi|j jets. We can certainly find the right aircraft I Sj» B|r i s
      101 words
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  • Article
    Double-edged thrift
    490 10 EDITORIAL THE ECONOMIC chill has done nothing to slow down the action in the stock market. Last Thursday, as the Horse galloped into the sunset, investors staked a claim in the new year by buying briskly across the board. On Monday, the days-old Goat scaled impressive peaks, with
    490 words
  • WHAT THE OTHERS SAY
    • Article
      Realities of migration
      207 10 HUMAN migration is no new phenomenon. What is new is the crisis proportions it is fast reaching in the latter part of this century. The sheer numbers themselves pose tremendous problems of dislocation. But the nub of the issue is that every country will readily admit the
      207 words
    • Article
      Reversal in Kremlin?
      146 10 SLOWLY but surely, the conservatives are gaining the upper hand in the Soviet Union. Their probable next victim is Boris Yeltsin. Already, Mr Yeltsin's comrade-in-arms Gennady Filshin, who was deputy premier, has been forced to resign. Mr Gorbachev seems to be letting the conservatives take centre stage.
      146 words
    • Article
      Treasuring tradition
      147 10 MR LEE Kuan Yew revealed once again his staunch belief in tradition at the Lunar New Year dinner given in his honour by the Singapore Federation of Chinese Clan Associations and the Singapore Chinese Chamber of Commerce and Industry. He said: "Our history did not begin when our
      147 words
  • REGIONAL VIEWPOINTS
    • Article
      Time is running out
      146 10 IF THE four warring factions continue to disagree on how to end the 12-year-old Cambodian conflict, at least for humanity's sake they must try to come to terms on how to start repairing their very own war-torn country and helping their compatriots at the border return
      146 words
    • Article
      Why reform is necessary
      180 10 THE AUTHORITIES are at last getting the enhanced powers needed to clean up the insurance industry in the country. Amendments to the Insurance Act make the industry more accountable for its activities and provide better safeguards for policy holders and creditors. Offences are more clearly defined,
      180 words
    • Article
      Quality is never cheap
      178 10 SPENDING on the new University of Science and Technology is an investment vital to Hongkong's industrial competitiveness. However, the decision by the University and Polytechnic Grants Committee to make a first year allocation of HK$2Bl million has already raised queries about its standing will it be
      178 words
  • Article, Illustration
    Lock icon US banks ill but system is sound
    1204 10  -  Michael Quint and John Freed report on US banking woes Michael Quint,John Freed NYT AS Congress begins debate on one of the most extensive series of changes ever proposed for the US banking system, there are clear signs of serious illness at many
    NYT  -  1,204 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      109 10 SINGAPORT'9I A BT Special Survey on Singapore's shipping industry March 36,1991 For the third year running, Business Times will publish a special supplement to coincide with Singapore 1 s premier shipping event SingaPort. This year, the supplement will give an insight into the future of various sectors in the shipping
      109 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      26 10 DOONESBURY by garry trudeau asst «11 Ijfigsr Kr|| K>BAN6AtU#f BUXCPTHt LASTCtCeMBeR OTHER WTI- H TROOPS* BOXfittlW. INFmNTOF L36ALUMIT UAK PfHOTBSWRS 7 f 0\ wwntHCvse OF6OPUI- J
      26 words
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  • ANALYSIS
    • Article
      Lock icon BBC: Reaching 10 million with Arabic broadcasts
      707 11 The World Service has a reputation for objectivity and independence. Now it is the most-listened to service in the Arab world NYT SHORTLY after the BBC World Service reported the start of the Gulf War last month, it expanded its Arabic-language radio broadcasts
      NYT  -  707 words
    • Article, Illustration
      Lock icon Why it may not be time to go flat out
      1207 11  -  The Australian beer market is hostile to newcomers and consumption is falling. Yet, New Zealand's Magnum Corporation has been trying to enter the Australian brewery business. Florence Chong, BT's Sydney Correspondent, asks if with the link-up with Asia Pacific Breweries
      Source: Australia Bureau of Statistics  -  1,207 words
    • Article
      Lock icon On the brink of ecological disaster
      581 11 Pollution in Mexico City Reuter Residents of Mexico's capital which many call "Makesicko City" have been joking lately that they probably need gas masks as badly as anyone under the threat of chemical warfare in the Middle East. As North America's oldest capital prepares
      Reuter  -  581 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      101 11 The Big Decisions Lumch Our new Business Lunch is big test foe every decision-maker. Because the multi-course menu offers you a challenging choice of 28 gourmet dishes* These include; Venison Terrfne with Blackcurrant Coulis Steamed Mussels with Shallot Butter and Herbs Salmon and Lobster Roulade in Mussel Cream Sauce Pear
      101 words
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  • THE LAW PAGE
    • Article, Illustration
      It's all happening much faster at the courts these days
      743 12  -  Things have speeded up at the courts since the new Chief Justice implemented his changes. David Gabriel has the details David Gabriel Lawyers report that the court process is moving mlich faster these days. Sincc Justice Yong Pung How took
      743 words
    • Article
      High court clarifies issue of company law
      486 12 LATE last month, the high court ruled on the effect of a mistake contained in a claim tor the settlement of a debt in wind-ing-up proceedings under section 254 of the Companies Act. In a case involving an application for the winding up
      486 words
    • Article
      Judge refuses to entertain appeal
      822 12 CASE Nakano Singapore (Pte) Ltd v Federal Insurance Company. High Court of the Republic of Singapore, Suit No 1800 of 1987 Justice F A Chua. THE plaintiffs, Nakano Singapore, were contractors involved in the construction of Chinatown Centre Point. The defendants, Federal Insurance, had issued
      822 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      92 12 Hotel service wars Those frequent flyer programmes SINGAPORE BUSINESS r ~MC Vpr 90 ~,OL -i No 2 FEBRUARY 1991 MONTHLY £4 4* wt T» •> Investment strategies V\ ll! t!lt? I* A antl c,i ices f r c °p in B with 1991's uncertainties the Goat? Spotlight on Cerebos Pacific,
      92 words
  • Page 12 Miscellaneous
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  • SPORTS
    • Article, Illustration
      Lock icon Senior's looking for back-to-back victory
      540 13  -  By Cassandra How AUSTRALIAN Peter Senior had the prettiest caddy on the Tour for three years, and the partnership on the greens worked so well that the touring pro decided to tie the knot with her. And he has not looked back since. Fresh from
      Photo by Jerry Seh  -  540 words
    • Article
      Lock icon Lendl: older, wiser and getting stronger
      503 13 UPI WITH his 31st birthday less than a month away, Ivan Lendl sees no end in sight for his tennis career. "This is the first year of the second half of my career," Lendl said after dispatching 19-year-old Pete Sampras in five sets on
      UPI  -  503 words
    • SIDE LINES
      • Article
        BOC Challenge leader hits iceberg
        79 13 THE leading boat in the BOC Challenge around-the-world yacht race has hit a small iceberg and is taking on water. Race headquarters in Newport said on Monday that John Martin's yacht Allied Bank on Sunday collided with the iceberg about 2,BBokms west of Cape Horn
        79 words
      • Article
        Maradona claims he is victim
        90 13 DIEGO MARADONA, under investigation for alleged involvement with drugs and prostitution, has claimed that he is the "victim of a vendetta". The Argentinian super-star said: "Someone... maybe because of some match that we won which we shouldn't have... has targeted Maradona to try to take
        90 words
      • Article
        Jahangir begins record bid
        60 13 PAKISTAN squash great Jahangir Khan begins his build-up to an attempt at a record 10th British Open title today when he makes his World Grand Prix comeback in the US$B5,OOO Welsh Classic. The defending champion returns to tournament action after an absencc of four-and-a-half months, confident
        60 words
      • Article
        United's out of running
        45 13 MANCHESTER UNITED lost its hold on the English FA Cup on Monday when it was beaten 2-1 by Norwich in a fifth round tie. United has now lost to Norwich in eight meetings in various cup competitions stretching back 86 years.
        45 words
    • Article
      Lock icon Mickelson making a big splash in US
      335 13 AP THE comparisons arc inevitable. The names of golfs great players have been mentioned. Phil Mickelson has been called the next Bobby Jones, the next Jack Nicklaus. Nicklaus said he's "obviously the most outstanding amateur since (Ben) Crenshaw". Crenshaw shrugged and smiled. "He
      AP  -  335 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      84 13 I ill 1 j BSII 118 jl H L-lflßß K«BU£SBHII |ni mm siv R |l| i^ftf II IlliL§iViVivfii B S illIIl )J Ijylj Irk VI I |||l™J j I ||||m j EPSON SI Mi A PORE OPEN (iOLF lIIA MIM n N SIIIP 21 TO UF E B HIA H
      84 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      305 14 WHERE TO WINE. DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DIME GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? m BAR OPEN FROM 12.00 NOON TO 5 .00 PM I HAPPY HOUR St DJ MUSIC: 5.00 PM TO 8.30 PM I BAND PERFORMS FROM 9.00 PM
      305 words
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      Page 14 Advertisements Column 2
      331 14 mm mi :;YU Sheng 10fh February 28th February, 1991 Yu Sheng, a must for all businessmen, the symbol for prosperity. A crisp and spicy raw fish salad that Is traditionally eaten during the Chinese New Year season. Enjoy festive specialties at RuYi. Gong XI Fa Cail I KAN PARANG YU
      331 words
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      Page 14 Advertisements Column 3
      284 14 club^" When was the last time you danced cheek to cheek? Can't resist it? Make a date at Club 5, soon, .7. i*— Fashion Shows from Mom— Wed at 9 pin T!SSS!S!SS?SS«^ Feast on our Chefs Speciality-. f Fish Head Curry at only $1750+4- OTP y (for 2 persons), or
      284 words
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      Page 14 Advertisements Column 4
      312 14 Prosperity in the Year of the Goat begins at the Paramount^iMVr Feb 1 to March 1 ORIENTAUBUFTE.T Lunch Dinner Including /l| $16.00** adult $12.00" child special Items *a Tempura Menu includes Shares Fini Soup, > Tor Hathuta Age > Green Mustard with Crab Meat, Fried Prawn Siehuan Style T Japanese
      312 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      645 14 TELEVISION AND RADIO .-W-' -->~«•» Unmnr WW n n 1 OfVIA SBCI2 15 silo PUSMESS ON RADK) Harry was a little larne ,»ssr n.*™ ■SUB ■■P PP P SESST' »3^i s Rn^a.N^s' Champions, 9pm, SBC 12 nudcwoman ,n 8.00 jt^ t estcrday C hlld toon). 4.15pm, 10.45pm: Business An interview
      645 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Newman: actor, racer, cook
      987 15  -  Hal Hinson gives us an in-depth profile of the man behind the Oscar-winning entertainer Hal Hinson IHT THE marble floors outside Paul Newman's Fifth Avenue office look as slick and icy as a frozen pond. At the front entrance, a couple of doorman arc pretty certain
      IHT  -  987 words
    • Article, Illustration
      Lock icon Pet-food makers catering to fat cats
      275 15  -  Cristina Rouvalis reports on a feline phenomenon Cristina Rouvalis Reuter WHAT would Garfield the feline gourmand make of this? Leaving no market niche uncatered to, American business is after the fat cat. Diet cat food is not likely to appeal to lasagne-loving felines like
      Reuter  -  275 words
    • Article, Illustration
      Private eye sues Trump over unpaid bill
      558 15 CHATTERBOX A PRIVATE detective is suing Donald Trump for more than US$5,OOO in unpaid fees for keeping tabs on an investigator hired by the real estate magnate's former wife. Rob Kimmons, owner of Information Bank of Texas Inc. claims Trump failed to pay
      558 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      234 15 AND ENTERTAIN AYen For Fresh Japanese Food. LUNCH: II NOON •HPS TO 2.15PM. M 22 DINNER: h 30PM TO i M a 1015PM ft H 5 PRICES SUBJECT TO 10% SERVICE CHARGE AND 4% CESS. Unkai flies in fresh ingredients daily from Japan. To give you nothing less than the
      234 words
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      Page 15 Advertisements Column 2
      231 15 m Restaurant and IKUIK/I Karaoke Lounges Finest Russian and Continental Cuisine Savour Authentic Russian Cuisine-right in the heart of the Central Financial District. We create the perfect place for lunchtime and dinner entertainment. Our specialities include Chicken A La Kiev, Lobster A La Russe, Shashlik A La Troika and Baked
      231 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Afternoon turnaround erases early losses
      4184 16  -  By Lilian Ang THE Singapore stock market ended a notch higher yesterday after profit-tak-ing alternated with bargain-hunting in another day of active trading. The day started with the market facing a bout of profit-taking, mainly by retail investors. As a result, the Straits Times Industrials
      4,184 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4227 17 Main Board Jurong tng 50* >65 *32 *13 7% Spore BusF SOU 700 *30 4 5% Wmg Tai 25« 151 18 H 5% Hotel Prop 172 f 14 t-8.9% i CienMag 20« 118 H3 f 12 4% Intraco 217 12 5.9% SIA Foreign 1610 10
    4,227 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      253 18 C—p—y Date Y«ar (nap Not Net earnings Cross mm to profit/loss (L) por shm dividond C000) (cants) HLeoi* Credit Ian 16 lun 90 M$24.462($18,074) 218(16 4) 10(10) C&C Ian 14 Sep 90 $53,947(134.649) 30 8(235a) 15(85a) F*N Jan 14 Sep 90 $53.080($62.868> 30 1(365) 1/ 9(17 9) H
      253 words
    • Article
      PRELIMINARY RESULTS
      163 18 Company Date Year Group pre-tax Nat Minings Cross am to profit/loss (L) por share dividend COM) (cants) Keppei Fm Feb 13 Dec 90 $5,282($5,169) 58(6.3) 5(4) UMW Feb 8 Dec 90 M$198,464($100,841) 52.3(34 6) 15(-) 6 Securities Feb 6 Dec 90 $3,029(12.130) 3.1(20) 10(7 5) M Cement Jan
      163 words
    • Article
      INTERIM RESULTS
      371 18 Company Date Halfyaar Gra«p pra-tax lirtariai ana ta praftt/las* (L) divMand COOO) Cold Store Feb 18 Dec 90 |19.171($19.349) 6(5.7) AIS8 Feb 11 Dec 90 M$10.256($4.005) M Banking Feb 11 Dec 90 M$181,960($155.358) 5(5 6a) BMT Feb 8 Dec 90 $600($457) 50(-) Khong Guan Jan 31 Oct 90
      371 words
    • Article
      CORPORATE DEVELOPMENTS
      1029 18 Feb It Renong Bhd, which announced a massive M 51.95 billion restructuring scheme earlier this month to consolidate its assets, has plans to develop its own corporate activities which could further transform the fast growing and acquisitive Malaysian conglomerate Cold Storage HoMngs (CSH) and Takashimaya Pte Ltd have
      1,029 words
    • Article
      DIVIDENDS ANNOUNCED
      244 18 Cmwtf Ci Baato Ml T«M hr Tatal tor HI 111 in! tote dM W*l' ymr Iwt yar ham Find USJO 10(b) Mar 18 Mar 28 Apr 8 USJ010 A*w 5%TE Feb 25 Mar 7 May 15 12 5%IE 25%TE BMT 501(1) Feb 20 Mar Mar 6 50* 150%
      244 words
    • Article
      RESULTS DUE
      526 18 Singapore Stocks Last Ml Year Company PM Date Tor M W tea M —Mi (wOs) pW M ywr (Stol) CMB Padufkn Intenm Nov 13 Dec 90 29 7 13.2 11.616(c) BMT Intern Ian 10 Jun 91 254.2 150 0 773 Dp* Final Feb 16 Dec 90 1.74* Rahman
      526 words
    • Article
      APPROVED ISSUES
      147 18 Company Rights Ham I H Lmf Cndt Two-torhve g M$2 80 per share Ej-date Feb 21 Boob dose Mar 7 Acceptance ft Payment NYA Company Bonus Issue H laong Crwtt Ttwe-tor-frve Ex-date Feb 21 Boots dose Mar 7 Oriental Hdgs One-tor-ftve Ex-date Feb 8 Books dose Feb 25
      147 words
    • Article
      PROPOSED ISSUES
      248 18 Company Wf)rt» but Maim One-tor two <& MSI 00 per share Issue of 40m CumUatrw Redeemable Pr tkttnu Shares of MJO10 each at MSI per share with lCkn detachable TSR Saltan Onetortour MS2 00 per share FAC8 Capital Reduction Scheme to reduce par value of shares from 50
      248 words
    • Article
      BONDS, LOANS & WARRANTS
      689 18 BONDS, LOANS WARRANTS C—mv Cwtvwsiwi peried Ciwirriia >— If mm aitaaji tkan OC m Before 26/4/93 1 warrant plus $3.09 cash Cmiw> laa Cauaway m 2/10/89 to 20/10/94 I warrant plus SO 77 cash or 1 want phis 50 77 nommal amount ot loan stock Omm Mf Itotes Own H*
      689 words
    • Article
      RECORD HIGHS & LOWS
      165 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 N* 1196.16 (19/2/91) JJJ J* "J* <[*/*£[> 1991 tor *****2 (16/1/91) 5. 1S S 15/121 1990 N0t 1435 43 (16/7/90) 1990 tor 981 07 (09/11/90) J* JJ.» x/S/2 1909 Nfh: 1322.00 (28/12/89) »#7.76 (26/ 2 89 1909 tor ***** (4/1/89)
      165 words
    • Article
      COMPANY MEETINGS
      23 18 Wtsnt Breton Ltd: 76th AGM at 65 ChuNa Street #33-00. OCBC Centre. Singapore 0104 on Wednesday, Feb 27, at 10.30 am.
      23 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      41 18 The two faces of Gorbachev I I Friendly overseas but a hardliner at home Starting today, the first of two parts on the state of the Soviet Union l|H||HH|| The latest news and much more. From lunch-time. tiftflllM Monday to Saturday.
      41 words
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      Page 18 Advertisements Column 2
      78 18 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
      78 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares continue to surge despite profit-taking
      4039 19 Bernama RENEWED BUYING in the late afternoon yesterday helped share prices in Kuala Lumpur to recover after profit-taking had trimmed early gains. The KLSE Composite Index, which eased steadily from mid-morning as indexlinked stocks came under selling pressure, rebounded to finish at 555.34, up
      Bernama  -  4,039 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      510 19 TELEPHONE: 730-5937/5902/5942 FAX: 734-4982 We are a publicly-listed company and one of Singapore's largest We pay for performs jk If you perform well, and demonstrate the potential for higher appointment, there are 8 opportunities for advancement within the Company. We now have vacancies for the 8 I following positions: 8
      510 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks finish lower after a roller-coaster ride
      2218 20 Reuter TOKYO stocks closed easier yesterday but off lows in heavy trade, with buying and profit-tak-ing swinging the market widely. Traders said worries about the market overheating, the Gulf War, and steady interest rates clashed with bullishness and expectations of peace and lower
      Reuter  -  2,218 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Shares close easier in confused, choppy trade
      2046 20 Reuter HONGKONG'S blue-chip stocks index ended easier yesterday after a day of moderate gains and losses in confused but active trade. The Hang Seng Index closed S.SB points down at 3,467.84 after touching an intraday high of about 3,498 in the morning and
      Reuter  -  2,046 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Aussie stocks end marginally weaker
      • Article
        AUSTRALIA
        912 21 FUTURES-RELATED selling took the gloss off an early rise on the Australian share market and sent it to a marginally weaker close. Brokers said optimism was capped by the lack of results from Soviet-Iraqi peace talks and expectations that the US market, which was closed on Monday, would fall
        912 words
      • Article
        TAIWAN
        172 21 TAIWAN'S volatile stock market yesterday surged 6.7 per cent, one of its biggest gains ever, as speculators scrambled to buy on the first day after Chinese new year holidays. Hope that a Soviet peace proposal will end the Gulf War, and the strong performances of overseas stock markets, strengthened
        172 words
      • Article
        SEOUL
        794 21 SEOUL stocks fell in very active trading after the index fluctuated in a 13-point range as investors sought profits from recent sharp gains, brokers said. The composite stock index closed the day at 669.45 points, down 4.64 from Monday's finish. Turnover was heavy at 359 billion won compared with
        794 words
      • Article
        MANILA
        470 21 PHILIPPINE shares closed higher yesterday as hopes for peace in the Gulf and a brighter outlook for local market fundamentals kept trading lively, brokers said. The Manila Stock Exchange composite index gained 9.42 points from Monday to close at 894.52. Investors welcomed Soviet peace efforts in the Gulf and
        470 words
      • Article
        BANGKOK
        690 21 THAI stocks closed mixed after a vola- tile session which saw the market indicator swinging more than 10 points as profit-taking was matched by bullish speculation, brokers said. The SET index closed 2.44 points higher at 823.65 on turnover of 6.3 billion baht. Siam Cement added 16 baht to
        690 words
      • Article
        JAKARTA
        620 21 FAIRLY active trading pulled Jakarta stocks up another few notches with a wider range of issues trading than in recent days. The index rose 2.85 points to 388.25 on higher turnover of about 3.8 million shares. Tyre cord producer Branta Mulia traded 386,500, over half on the block market
        620 words
      • Article
        NEW ZEALAND
        108 21 PROFIT-TAKING and an absence of buying saw the share market drift lower and brokers see further weakness ahead. With Wall Street on holiday, the market took initial direction from a firm London market but there was little conviction in buying and it quickly drifted down, brokers said. The
        108 words
      • Article
        Lock icon BOMBAY
        61 21 Reuter BOMBAY share prices shot up on reports the government may put off the budget, due on Feb 28. The Bombay Stock Exchange index soared 110.29 points to 1,149.89. The national index jumped 45.42 to 572.17. Newspapers said prime minister Chandra Shekhar's three-month old minority government was under threat
        Reuter  -  61 words
      • Article
        Untitled
        453 21 Wellington NZ Cents +/-VoKW) Air NZ 114 4 280 ANZ Banking 460 +5 26 Bank Of NZ 62 -2 912 Baycorp Hold 6 unch 150 Bricrly Inv 113 -2 Carter Holt -.197 6 ***** Cavalier Corp 140 unch 373 Ccramco Corp 95 2 25 Cityrcaltics 15 Corp Inv 96 -8
        453 words
      • Article
        INDICES & TURNOVER
        96 21 INDICES TURNOVER Close Ket> 19 Previous SYDNEY All Ordinaries Index •Ml Industrials Index All Resources Index Turnover (million) 1.398.3 2,194 4 792.8 102 06 1. 399 3 2,199.9 790.9 164.52 1 -5.6 f 1.9 -62.46 BANGKOK SET Index Turnover (million bahl) ***** 6.300 821.21 6,970 2.44 -670 JAKARTA Composite Index
        96 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        366 21 In local cwrenc) In S$ In USJ day year day year day year FEB 18 Index change change change change change change World 400.1 1.6 11.7 1.4 11.9 1.3 13.6 |EAFE 524.4 2.3 11.6 2.2 13.1 2.0 148 Europe 402.0 1.5 10.3 I.I 10.3 1.0
        366 words
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  • WORLD STOCK MARKETS
    • Futures market gives London early boost
      • Article, Illustration
        LONDON
        982 22 THE LONDON FTSE 100 index quickly turned around a small opening loss yesterday to stand 12.2 points higher at 2,330.5 at 0900 GMT following a rise in the FTSE futures market. By 1242 GMT the FTSE 100 index was 4.8 points higher at 2323.1. Turnover was 290.7 million shares
        982 words
      • Article, Illustration
        Untitled
        768 22 New York Feb 15 US$ Aetna Life 48% I Alcan Alumin 22% 'A Alcoa 68 AI leg Intl Allied I'rxl 4% Allied Sig 30% Am Brands Inc 43'/» +1 Am Cyanamid 57% Am Elcc Pwr 28% Am Express 26% Am Home Prod 58% V* Amax Inc 25% Amer Into 67%
        768 words
      • Article
        AMSTERDAM
        268 22 DUTCH shares were firmer yesterday but below the day's highs in busy midday trading, supported by firmer bond prices and gains on other European exCha Xfl'24s GMT the CBS tendency index was 0.7 points higher at 88.6 after earlier setting a new 1991 high of 89.0. Dealers said investors
        268 words
      • Article
        BRUSSELS
        194 22 BELGIAN shares rose in active trading yesterday, with the Brussels forward market index gaining 1.6 per cent to 5,491 in the first half hour, dealere said. The market's strong tone was fuelled by hopes for peace in the Gulf war, lower interest rates and position taking on the first
        194 words
      • Article
        FRANKFURT
        281 22 GERMAN investors took profits during the bourse trading session yesterday after two days of strong rises and share prices quickly gave up early gains. The DAX index of 30 blue chips had jumped two per cent at the start of trading. It briefly breached the 1,600point barrier and reached
        281 words
      • Article
        STOCKHOLM
        174 22 PRICES on the Stockholm bourse rose sharply in active early trade yesterday on increased hopes of an end to the Gulf War after a Soviet peace plan was presented on Monday to Iraqi Foreign Minister Tareq Aziz, dealers said. They said gains on foreign markets and falling domestic credit
        174 words
      • Article
        MILAN
        246 22 ITALIAN stocks started mixed in nervous, active trading yesterday as market operators awaited Iraq's response to the Soviet's Gulf peace plan, brokers said. "New developments in the Gulf are expected, and prices are fluctuating sharply in the meantime," one trader said. The MIB index, which has risen for 11
        246 words
      • Article
        PARIS
        243 22 FRENCH share prices began firmer following a strong start on the key Matif bond futures contract, with the CAC-40 index of leading shares opening above the psychological 1,700 level, dealers said. The index started at 1,704.48, up 9.52 points or 0.56 per cent from last night's close, and idled
        243 words
      • Article
        TORONTO
        223 22 TORONTO stocks climbed slightly higher from midday gains as investors continued to shift their portfolio towards equities as hopes of lower interest rates grow, dealers said. A market holiday in the US kept trade muted, they added. The composite index gained 25.99 to 3,532.54, with transactions valued at C
        223 words
      • Article
        JOHANNESBURG
        355 22 THE Johannesburg stock market con- tinued firm yesterday morning, but trading was quiet and cautious as participants awaited Iraq's response to a Soviet Union proposal to end the gulf war, dealers said. At 10:30 the JSE all-share index had risen to 2771 from Monday's 2754 close and the industrial
        355 words
      • Article
        ZURICH
        277 22 SWISS share prices opened slightly firmer, supported by lower interest rates, dealers said. The SMI index of leading shares rose 8.1 points to 1,588.1 after about five minutes of trading. "There is still quite a lot of optimism in the market but we are also watching developments in the
        277 words
      • Article
        INDICES & TURNOVER
        74 22 INDICES TURNOVER NEW YORK Close [VtvllNi Feb 18 Dow Jones NYSE Financial SAP 500 Turnover (million) Closed 2,934.65 144.71 369.06 222.37 L0N00N Financial Times 30 FTSE 100 Turnover (million) 1,842.6 2,318.3 506.5 1,824.5 2,296.9 570.0 18.1 21.4 -63.5 AMSTERDAM! CBS Tendency Index 87.9 86.8 1.1 FRANKFURT DAX Index 1,572.57 1,531.19
        74 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon BOJ vindicated by slower money supply growth
      266 23 FT JAPAN'S money supply growth slowed significantly in January, confirming the success of the Bank of Japan's tight money policy and heightening expectations of a cut in official interest rates in coming months. Money supply grew by only 7.3 per cent during the
      FT  -  266 words
    • Article
      Lock icon US investors show more willingness to take risks
      621 23 NYT THE HEADLONG RUSH among investors in the US towards the safest type of money market funds seems to have slowed, perhaps reflecting lower interest rates and reduced fears about the fragility of the US financial system. Since the beginning of the
      NYT  -  621 words
    • Article
      Lock icon Norwegian bond gives good value: Nomura
      190 23 Reuter NOMURA Research Institute said a new five-year 12 billion crown Norwegian state bond seemed good value compared with five-year European Currency Unit (ECU) paper. "Unless one expects a collapse in oil prices to US$5 a barrel, a switch out of fiveyear ECUs into
      Reuter  -  190 words
    • Article
      INTERBANK FOREX RATES
      388 23 Cross rates USS SS MS l>m Yen SFr A$ NZ$ US$ 1.7155 2.6930 1.4790 130.20 0.5092 1.2685 1.2674 1.6488 SS 0.5829 1.5698 0.8621 0.7590 0.2968 0.7394 0.7388 0.9611 M$ 0.3713 63.70 0.5492 0.4835 0.1891 0.4710 0.4706 0.6123 On 0.6761 1.1599 1.8208 88.03 0.3443 0.8577 0.8569 I.I 148
      388 words
    • Article
      MONEY MARKET
      570 23 Interbank rates S$ Bid Offer" Overnight 4 1/4 4 3/8 1-nionlh 4 7/16 4 9/16 2-month 4 1/2 4 5/8 3-month 4 1/2 4 5/8 Overnight mode: 4-9/16 US$ Bid Offer 7 days 6 7/16 6 9/16 1 month 6 7/16 6 9/16 2 months 6 5/8 6
      570 words
    • Article
      Peace hopes send US$ higher
      865 23 FOREX MARKET REPORTS THE MARK opened easier against the US dollar in calm Frankfurt trade yesterday as hopes for an early end to the Gulf War drove the US dollar higher. But dealers were unsure whether to take the latest peace hopes seriously. "It is
      865 words
    • Article
      FINANCIAL FUTURES
      1033 23 SIMEX [fflmminii Open High Low Sett Est Vol Op/Int Vol Mar 91 93.32 93.34 93.31 93.32 2155 ***** 1923 Jun 91 93.42 93.44 93.41 93.43 ***** ***** 3066 Sep 91 93.26 93.28 93.25 93.27 2000 4829 701 Dec 91 92.94 92.97 92.94 92.94 800 5598 245 Mar 92
      1,033 words
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  • COMMODITY PRICES
    • Article
      Lock icon Opec quotas will be scrapped, says Venezuela
      376 24 Reuter THE Organisation of Petroleum Exporting Countries will eventually have to scrap a system of production quotas that was suspended after the Gulf crisis erupted, Venezuelan President Carlos Andres Perez said. Venezuela and other Opec members agreed to lift the quotas and to
      Reuter  -  376 words
    • Article
      Lock icon Kenya's tea industry heading for trouble, say analysts
      353 24 Reuter PLANS to replace the incentive payment scheme for small-holders with a uniform system could lead many to stop farming and would spell disaster for the industry, tea industry analysts said. Tea production by smallholders grew to 95,000 tonnes in 1989/90 from
      Reuter  -  353 words
    • Article
      Malaysian tin market continues to firm
      840 24 REPORT THE PRICE of tin on the Kuala Lumpur Tin Market rose another 11 sen yesterday to M$ 14.99 per kg following steady trading on the London Metal Exchange overnight. The tin price on the LME rose US$4O on Monday. Locally, the market rose
      840 words
  • Article
    PRICES
    1394 24 Rubber Feb 19 MS (<*>!■ W») S g..»tVk K Noun Close Int I KSS I'rompt I42.5WI4350N I42.00/I43.00N In) I KSS Mar «)l 144 25/144 .75 14.1.75/144 25 Int I KSS Apr I47.2VI47.75 146 75/147 25 Int 2 KSS OI> l42.t*VI44.00N 141 50/143 50N Int KSS (>1* 137.00/1 39.UON 136.54VI
    1,394 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      628 24 NOTICES IN THE MATTER OP THE COMPANIES ACT, CAP. M AND IN THE MATTER OP ASTRAD PUBLISHERS PTE LTD (la Members' VslaaUry IJqiMiHu) Special RflMlatfoM At an Extraordinary General Meeting of the members or ASTRAD PUBLISHERS PTE LTD duly convened and held at 326-C King George's Avenue. Singapore 0820, on
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      Page 24 Advertisements Column 2
      454 24 IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OP EVA MAE INVESTMENTS PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of Eva Mae Investments Pte Ltd duly convened and held at the Registered Office, 1 Colombo Court #06-02, Singapore 0617,
      454 words
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      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1075 25 City Flight ETA Flight ETD City Flight ETA Flight ETD Ahu Dhabi GA895 1225 SQ109 1405 SQ106 SQ108 1045 1145 MMMMa QF81 2010 QF82 SQ227 2115 2200 MH642 MH609 1500 1625 MH641 SQIIO 1315 1445 GA895 KL813 1225 1525 KL814 SQ24 1730 2215 MH/SQ 671 1800
    1,075 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Keystone Korner makes comeback
      576 25  -  POSTCARD FROM TOKYO By Steven Brull THE Keystone Korner, the famed San Francisco jazz club which closed its doors eight years ago, is attempting a comeback in Tokyo. In keeping with Japan's tradition of importing culture wholesale, the owners have spared no effort to replicate the
      576 words
    • Article
      MONEY CHANGER RATES
      147 25 As at 3 Dm vtsttrdiv: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3500 I.36SO Canadian dollar 1.4730 1.4930 NZ dollar 1.030 1.060 Sterling pound 3.3S20 3.3820 US dollar 1.7140 1.7290 local dollar* to 100 units of foreign currency Austrian schilling 16.20
      147 words
    • Article
      WORLD TRADE EXHIBITIONS
      83 25 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Feb 19-21 Air Traffic Holland Expoconsult (0707)*****$ 28- 14th International Milan Trade Asaociazione 02/*****04 Control "91 (UK) Ltd March 4 Exhibition Of Fair, Italy Promozione Feb 27- Photo, Cine and Zurich, Zuspa *****5055 Photo, Cine, Mostrc March
      83 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      42 25 You've got nothing Tbulouse trying Finnair next time you go to France. With a twice-weekly service from Singapore direct to Helsinki and then to everywhere in Europe from Paris to Prague. Call *****77 for details. We know Europe from start to Finnish.
      42 words
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      Page 25 Advertisements Column 2
      40 25 The two faces of Gorbachev 1 Friendly overseas but a hardliner at home Starting today, the first of two parts 1 on the state of the Soviet Union I V|lHpH| The latest news and 1 From lunch-time. IMonday to Saturday.
      40 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      298 25 1 A lot of women rush to get H H _^^^^H__HL_pß_ 4 Newly-wed hale and hearty j 8 Adjustable scats prove an 9 Dog taken round an Indi- "I 1 I I I I 1 some ugly characteristics (4) 12 The acacia pendula means I I I I I 1
      298 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      202 25 Outlook: Fair. Forecast Maximum temperature 32.1 Assoc humidity 60% Minimum temperature 24.4* C Assoc humidity 96% Hours of sunshine 1.6 Rainfall in mm Nil Rainfall this month 22.3 Rainy days this month 6 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 25/18 Showers Bangkok 34/23 Fair Beijing -2/-9 Sunny Brunei 31/26 Fair
      202 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      51 25 LilfciffMyfffElWWffS uiHBT LORS] HFMR UKC P£INC€JSS PINNC... TMPfr UP-mp>RKeT &IR.L UK£ SFePvKS LiKCTnC QU6£M.... Liz coußr^ev-u)iTNeyU>pxSlN\ Dosses UlKCPrincess DI -faiS RF"HE«NOOM.^ .Tp kL K *\OOUT LOOKS Llkre F€J?GIE. tueu. coNNecTeD! swe knows!\ V ■<. evetfyoNe -v i y j -y i f' noff\ n^i 0 IV«KIHa 9TANBAAO CO LTD- l»*S
      51 words
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  • Article, Illustration
    Lock icon Fateful moments close as parties ponder peace plan
    638 26 THE jGMLF IMWiWt IWIIWIWWwiiiBW^ Agencies THE Gulf War seemed hours away from fateful decisions yesterday acceptance of a Soviet peace plan or the USled allies launching one of the biggest land battles in history. Iraqi Foreign Minister Tareq Aziz left Teheran for
    Agencies  -  638 words
  • Article
    Lock icon Malaysia faces falling trade balance and rising inflation
    445 26 Reuter AFTER three years of heady growth, Malaysia is facing a deteriorating trade balance and rising inflation. "If not addressed, Malaysia's economic boom could be checked severely, beginning with sharp rises in interest rates," said a Singapore-based economist. Economists said a prolonged
    Reuter  -  445 words
  • Article
    Lock icon S Korean envoy lauds proposal for E Asian grouping
    214 26 Bernama SOUTH KOREA'S ambassador to Malaysia has welcomed Kuala Lumpur's proposal for the formation of an East Asian economic grouping. Hong Soon-Young said yesterday that the proposal was worth pursuing as it would promote global and regional trade if it was
    Bernama  -  214 words
  • Article
    Lock icon Japan eyeing Europe as alternative market to the US
    311 26 AFP JAPAN is targeting Europe in an export drive to find markets to supplant the United States, where demand for Japanese goods has dropped sharply as a result of recession and the Gulf war. Latest customs statistics confirm European fears that
    AFP  -  311 words
  • Article
    Lock icon Aussie court adjourns two insider trading trials
    356 26 Reuter AUSTRALIA'S corporate regulator on Tuesday was given breathing space to examine the implications of losing the country's first insider trading trial. The Australian Securities Commission, through the Director of Public Prosecutions (DPP) in the state of Victoria, sought and was granted an
    Reuter  -  356 words
  • Article, Illustration
    Lock icon Kremlin wants some subsidies cut and price controls eased
    447 26 Agencies FACED WITH a crippling budget deficit, the Kremlin has proposed cutting subsidies on many basic goods and lifting price controls on about a third of retail items, from cigarettes to washing machines. Soviet Prime Minister Valentin Pavlov told Parliament on
    Agencies  -  447 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      52 26 n" n iviczif=?^S^I —II The Richness Of Leather Handmade To Perfection. War speeds up change in Moscow's role, Pg 8 Web of wheeling-dealing over Tokyo aid, Pg 8 I An On-line Investment Research System mVESTAMATIC 1 I Fundamental Analysis Technical Analysis Quantitative Analysis 1 SINGAPORE 225-1595 MAI.AYSIA (03) 261-5331 HONG
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      Page 26 Advertisements Column 2
      146 26 \ii The Richness Of Leather Handmade To Perfection EUROPE'S FIRST NATIONAL NEWSPAPER Is now available in Singapore If you are serious about developing your business in Europe a new economic power in the making-THE EUROPEAN is your vital weekly source. THE EUROPEAN gives the and the answers. Get your jjcr|
      146 words
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  • Shipping Times
    • Article, Illustration
      NOL-backed Manila firm expands operations
      454 27  -  From Al O Labita Jr In MANILA BACKED BY Neptune Orient Lines (NOL), Philippinebased Lorenzo Shipping Corp (LSC) is rapidly expanding its operations. Lorenzo Shipping, in which NOL has a 40 per cent stake, plans to boost its paidup capital from 9.4 million pesos to
      454 words
    • Article
      Lock icon Nedlloyd against rushed divestments
      322 27 FT NEDLLOYD, the Dutch transport and energy group, said that Mr Torstcin Hagen, a Norwegian businessman, is urging the company to divest its non-core activities and give him and his associates two scats on an expanded supervisory board. The company, which announced on Monday that it
      FT  -  322 words
    • Article, Illustration
      Lock icon EC inquiry into duties at Japanese ports
      280 27 Reuter THE European Commission said on Monday it had begun investigating the duties which Community shipowners are forced to pay when visiting Japanese ports. The inquiry could lead to a complaint against Tokyo under the General Agreement on Tariffs and Trade (Gatt) if
      Reuter  -  280 words
    • NEWS SUMMARY
      • Article
        US minority car dealers face major odds
        27 27 WITH the American car industry in the doldrums, minority car dealers find it harder than before to survive Page 2
        27 words
      • Article
        Jordan to buy oil from Yemen
        59 27 JORDAN is sending a newlypurchased tanker to collect 100,000 tonnes of crude oil from Yemen, enough to keep it supplied for a month. A senior Jordanian official said on Monday the tanker, bought for US$7.5 million, would anchor off the Red Sea port of
        59 words
      • Article
        Tribunal says Brazil's Santos port strike legal
        29 27 A REGIONAL labour tribunal ruled legal a 12-day-oid strike that has crippled Brazil's biggest port, Santos, a union official said Back Page
        29 words
      • Article
        Four foreign firms join Japanese project
        37 27 TWO US and two European companies signed contracts on Feb IS to take part in a Japanese government-sponsored project to develop a new supersonic jet engine for passenger planes Back Page
        37 words
      • Article
        Cruising away from the Gulf war
        54 27 RANKS mix easily aboard the Cunard Princess ocean liner as up to 800 US servicemen and women relax for four-day vacations away from the rigors of the desert. The US Defence Department chartered it for US$3l million (5552.7 million) to provide a getaway for
        54 words
    • Article
      Lock icon Operator of French shipyard wound up
      289 27 Reuter SHIPYARD operator SA Lexmar France was wound up by thj Marseilles commercial court on Monday, bringing to an end a 10-year saga that has embroiled successive French governments. In the face of opposition from central government, the Swedish-American-owned company was granted the franchise
      Reuter  -  289 words
    • Article
      Lock icon Air France cuts pay to weather Gulf crisis
      286 27 Reuter AIR FRANCE said on Monday it was cutting each employee's worktime and pay cheque by at least 6 per cent to help the state-owned airline through a crisis triggered by the Gulf War. The airline said the emergency measures, presented to
      Reuter  -  286 words
    • Article
      Lock icon Japanese shipowners fear trans-Pacific liner rate war
      714 27 Reuter JAPAN'S shipowners are afraid that another rate-cut-ting war will erupt in the trans-Pacific liner market due to expanding overcapacity. Some shipping firm officials doubt the effectiveness of an accord signed two years ago by major liner operators worldwide to freeze container capacity
      Reuter  -  714 words
    • LOG BOOK
      • Article
        Ng Kiat Chong elected Exco member of IAPH
        54 28 PORT OF Singapore Authority (PSA) executive director, Mr Ng Kiat Chong, has been elected as an executive committee (Exco) member of the International Association ot Ports and Harbours (IAPH). According to lAPH president, Mr J H McJunkin, Mr Ng's participation will further
        54 words
      • Article
        Nynex in Indonesian project
        78 28 US-BASED NYNEX Network Systems and its three Indonesian partners have clinched a US$6O million (S$ 102 million) Indonesian telecommunications contract. Under the Telecom HI Package I contract, signed in Jakarta on Feb 9, the consortium will help to expand the telecommunications network in Sumatra and a
        78 words
      • Article
        Bright Sprout still in Panama
        48 28 THE PANAMANIAN tanker Bright Sprout remains at Gamboa Moorings, Panama, awaiting a decision on temporary repairs, Lloyds Shipping Intelligence Service said. Surveyors from the salvage association and class are attending. The 60,963-dwt vessel struck a bank in the Panama Canal on Feb 14.
        48 words
      • Article
        Dutch, Russian vessels collide
        67 28 THE DUTCH refrigerated ship Normandic was in collision with the 4,235 dwt Russian vessel Segezha on the morning of Feb 16 while berthing at Koper, northern Yugoslavia. A surveyor is examining the damage. The 5,220 Normandic arrived on Feb 16 from Turbo with 2,250 tons of
        67 words
      • Article
        Toyota to trim exports to US
        68 28 TOYOTA Motor Corp, Japan's largest carmaker, plans to trim its exports to the depressed US market by a total of 10,000 motor vehicles in February and March, company president Shoichiro Toyoda said on Monday. Toyoda also said that Toyota has no intention to reduce
        68 words
      • Article
        JAL buys aircraft for training
        61 28 JAPAN Airlines said it has decided to buy 23 Beechcraft Bonanza A 36 aircraft from the US for 1.15 billion yen (S$ 14.9 million) in 1991 for its basic pilot training programme. It said JAL pilot candidates are to receive 10 months of training at
        61 words
      • Article
        Air Algerie suspends flights
        68 28 AIR ALGERIE is to suspend flights to several destinations in Europe and the Middle East because of a dramatic fall-off in passenger traffic since the Gulf war began. In Cairo earlier, Egypt said it was suspending all Egyptair and Air Algerie flights between the Egyptian capital
        68 words
    • Article, Illustration
      Lock icon American minority car dealers struggle against major odds
      1569 28  -  With the American car industry in the doldrums, minority car dealers find it harder than before to survive. Paul Judge reports Paul Judge NYT THE US car industry is in its deepest slump in years, leaving many established dealers struggling just to
      NYT  -  1,569 words
    • Article
      WEEKLY FREIGHTS
      662 28 SOVIET demand for tonnage continued to support freight rates over the past week on the dry cargo markets. The Baltic International Freight Futures Exchange (BIFFEX)'s Baltic Freight Index advanced 66 points on the week to finish at 1,610. Traders said the Soviet Union chartered several vessels to import
      662 words
    • Article
      THE SHIPPING GUIDE
      12254 36 This is a list of ships loading i at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a
      12,254 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        560 43 Vtud Voy No Berth Arrival Deportee Voeool Voy No Berth Arrival Dopartan 1 VmmI Voy No Borth Amy n Deportee Keppel Wharves Andaman Pees 02/91 (P) Beiiu 91/1 K36 K32 alongside alongside 21 02/1700 2302,0600 Iramuar Kamnik Ptiu Yen 1 02A/91 74 7W 1/91 P2A P4A P3W
        560 words
      • Article
        CONTAINER SCHEDULE
        1277 43 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Rtcord Booking/Balance RsHs Ship Voy No Etb/Btr Period From To From ACX Daisy 9 21/1500 1 19/1500 19/1659 19/1900 3 20/0700 20/1159 20/1400 4 20/1200 20/1459 20/1700 ACX Jade 35A 21/0400 1 19/1500 19/1659 19/1900 Ada Bhum 466N 21/2359 2
        1,277 words
      • Article
        IN MALAYSIAN PORTS
        348 43 Port Klang Berth at South Port on Feb 19: 1: Botant Trovbadour; 2: Hoegh Cairn; 3 nil; 4 Kris Merubt; 5: ml; 6 ml; 7: ml; 7A Jenwtn; J Shed: ml. KCT: 8: Asian Plutus: 9: Gulf Bridge, Arthur Grattger; 10: ml. North Port: 11; nil; 12:
        348 words
      • Article
        DAILY FREIGHTS
        1009 43 THE DRY cargo freight market on Monday was firm but very quiet with no significant fixtures reported, dealers said. The market was unlikely to see much activity before Wednesday, one broker said. "It's a no news day. We are recovering from everyone else's holidays," another broker said, referring
        1,009 words
    • Article
      Lock icon Jordan to buy oil from Yemen
      284 44 Reuter JORDAN is sending a newlypurchased tanker to collect 100.000 tonnes of crude oil from Yemen, enough to keep it supplied for a month, a senior Jordanian official said on Monday. "A letter of credit has been opened with Yemen to buy the oil
      Reuter  -  284 words
    • Article
      Lock icon Tribunal says Brazil's Santos port strike legal
      223 44 Reuter A REGIONAL labour tribunal ruled legal a 12-day-old strike that has erippled Brazil's biggest port. Santos, a union official said. "The strike has been ruled legal," Ademir Rodrigues, secretary of the port workers' union, said from Santos. The Estado news agency also
      Reuter  -  223 words
    • Article, Illustration
      Lock icon Cruising away from the Gulf war
      353 44 AP RANKS mix easily aboard the Cunaril Princess ocean liner as up to 8(X) US servicemen and women relax for four-day vacations away from the rigors of the desert. "It's wonderful on the Princesssaid Geoffrey Freddie, 24. a US Army cook. "It's really relaxing,
      AP  -  353 words
    • Article
      Lock icon Four foreign firms join Japanese jet-engine project
      250 44 NYT TWO US and two European companies signed contracts on Feb 15 to take part in a Japanese government-spon-sored project to develop a new supersonic jet engine for passenger planes. The companies are United Technologies and General Electric of the US, RollsRoyce of
      NYT  -  250 words
  • Page 27 Advertisements
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      151 27 n UNITED ElSia LEASING ISERYIOSPTI LTD Container Schedule 17 Daily Freights W lnde» to Advertisers 3 Shipping Guide 10.11 Ships in Port 17 Singapore Tides 17 Weekly freights 2 Weather and Sea Conditions 17 NLS Is Going Ybur Way. As one of the biggest, most experienced liner operators in the
      151 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      88 28 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
      88 words
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      Page 29 Advertisements Column 1
      2225 29 JARDINE shipping agencies mmto 200 Cantunment Road #12 05 Soulhpont, Singapore 0208 \lllf# Tel TELEX NO RS ***** ■vcvnmw TERMINAL Tei *****1s 220 BOOKINGS Tel *****34 258 A. VyQOf J ESAKA JARDINE SHIPPING ACENCIES SDN BHD eORT KELANG TEL *****18 TELEX MA***** MA***** PENANG TEL *****4 TELEX NO MA4OO/3 CfS
      2,225 words
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      Page 29 Advertisements Column 2
      1226 29 INDEX TOMWKIISERS Page Col Page Col I X Line Fast Pte 14 1 1 Liner Shpg 16 3 ABC Containerline 13 5 \l i Accord Group 8 1-3 •J*** Brasi eiro 12 2 y is i Uovd Tnetfmo 4 1/2 Ahrenk.elL.ner 16 3 Seaway 15 3 Albatros Sea-Air 14 3
      1,226 words
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      Page 29 Advertisements Column 3
      2489 29 ■OimkLiiua NEXT SHIPMENT TO HONGKMIG AND JAPAN MATHILDE MAERSK V. 9104 ETA 28/2/91 Vhml Voy ETA ETD "P<KI 'Panarg DESTINATIONS Singapofe Keiang Th»« eree* MattMkte Mae'st. 9104 TeeOer by 26 2 0600 hrs m F«rco 4 IH HHi CPS —»2 2359 MRS M Tauro OAK LGB HOU MEM ATL MIA
      2,489 words
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      Page 30 Advertisements Column 1
      1328 30 —o— T ROTTEDAM/ VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE KOWLOON BAY 99/519 21/2 12/3 '6/3 11/3 '1/3 Kfii|3 THAMES 04/521 24/2 13/3 18/3 18/3 19/3 ■MTMMIMB OSAKA BAY 98/522 28/2 19/3 23/3 18/3 V CITY OF EDINBURGH 94/524 3/3 21/3 25/3 22/3 "J"* 1 HONGKONG EXPRESS 99/109
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      572 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISI.A I'I.OREANA 22-»/2 11/3 13/3 19/3 ALSO ACCEPTINC CARCO VIA SUVA TO lAUTOKA. PAGO PAGO APIA I NUKUALOAFA DIRECT CHILE SERVICE SIN 100 ANF VAP CALLAO SAN (PERU) ANTONIO I SLA FLOREANA 22-28/2 1/4 3/4 6/4 7/4 8/4 Callao Of Santiago »i«
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      Page 30 Advertisements Column 3
      1458 30 FEJartßAtifi sums regular independent full container service WESTBOUND FOR EUROPE VSL'VOY SIN ALG BCL HAM BRE ROT ANT FEI LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA PRINCESS 9051 3 27/02 17/03 18/03 22/03 23/03 24/03 25/03 26/03 27/03 JAPAN SEA 052W 07/03 29/03 30/03 03/03 04/04 05/04 06/04 07/04
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      Page 31 Advertisements Column 1
      1993 31 Sjg Steamers Maritime Holdings Ltd P&O fITIWSTRAITS SHIPPING ■ML *3 SIHNM t§ BrwMi. last Malaysia, Containers mJm Voy No PKUnj S'poce S'ton H'buff B'haven frdjm Lefi KOWLOON BAY 99 519 f TOL IMJ2 22 V 2 19-03 1403 12.03 18/03 ACCEPTS DUE SAILS THAMES 04 Ml ♦CI T 19.02 23®
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      Page 31 Advertisements Column 2
      1643 31 TO- U S A /PANAMA FM; V,8,A,/PANAMA via ss k s? g choyang viciori ir no im u; 21« 1!t »s!ln sin »*To* ii i M «7 w m m »3 Si $£1 «5 Sffiß.V«i u iS w *> m »3 TO: EUROPE FM: EUROPE SP RTM BMV Fl* ANR
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      Page 31 Advertisements Column 3
      374 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL CHAMPION TANJUNC COSMIC TRADER EMAS CHALLENGER VOY NO IS 14 S Spore SLO 252 83 P Kelang SLO 6/3 Penang Yangon Mongla Chittagong Calcutta Yokohama Nagoya Ouka Senbofcu Hochiminh NOTE ALSO CALLING OTHER JAPANESE PORTS HONGKONG TAIWAN 1 CHINESE PORTS.
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      Page 32 Advertisements Column 1
      701 32 Mililii CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSI/VOY I S PORE ROAM/ADAM H BURG BREMEN ANTWERP TRIAS UNITYOKWB 8/3 9/4 15/4 19/4 22/4 SRIWIJAYA/31WB 1 29/3 1/5 7/5 11/5 15(5 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subjact to Inducamanl. Alto accepting cargo lo Caublanca, Pod Said, Port Alaiandrla.
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      Page 32 Advertisements Column 2
      924 32 ®J& jit M. HANJIN SHIPPING FEEDER VSL SIN LINE MAUL LAX OAK Sport LEH RIM ANR HAM BRV FEL CHOYANC VICTOR* OWE 2S/2 N POHANC 107E 25,3 27/3 HANJIN CHUNGMU 077W 24 2 14 3 15 3 16 3 16 3 18 3 19 3 HANJIN SEATTLE 01/E 4/3 H
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      Page 32 Advertisements Column 3
      1264 32 i -J .T IPXL SGP HKC KSG KLG PUS MKT OSK NCY SM2 TYO LAX CHS BAI NYC LMV ANN ROM TMP HBC PSD CM PKL SGP E LOADING RC OU 12 J 27/2 2H2 2 2 3 2 4 3 5 3 16 3 213 30/3 11/3 *4 10/4
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      1513 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 OE p^WJM/***** 14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 KaTxo3) E 2tßß33f^KSanj^(CG) A *****87, Penang-(04) *****0, J.Bahru-(07) *****3, *****4 Jakarta
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      Page 33 Advertisements Column 2
      965 33 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) I DISCHARGING FROM EASTBOUWD LOADING FOR WESTBOUND VESSELS VOYAGE SPQgj ¥ANi>.A HCNS VOTAGt SPORE PKLANC MUM SHAVEN TILBURY ROTT
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      Page 34 Advertisements Column 1
      1294 34 LINE KAWASAKI KISEN KAISHA. LTD. EXPORT N. AMERICA FAQFIC SOUTH-WEST JggPWT N. AMERICA PACIFIC SOUTH-WKX T Ti™ [SIBSMSi r i'J S» "5 111 3! fe"£« S% r, 8 BKSS .1 ffi "a B BM& S*| jS ill SgHSw. 8 ii ssssasr" 8I is k ssvsßr ssiis k s U sssvss
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      Page 34 Advertisements Column 2
      1156 34 PHILI-ORICNT UN€5 PT€ LTD \lOB ROBINSON ROAO 90? 00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 24 FEB MONTREAL, Ottawa, toronto, 22 FEB DUBAI, DAMMAN, SHARJAH, DOHA,
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      Page 35 Advertisements Column 1
      1510 35 ggaaPff PACIFIC INTERNATIONAL LINES (PTE) LTD J| H gggg PIL Building, 140 Cecil Street #03-00, Singapore 0106. I JAKARTA I I BANGKOK I VESSEL VOY SIN JKT SIN VESSEL VOY SIN MR SIN EOEN 9108 26/2 28/2 5/3 HAI MUI 4101 21 'J KOTA JADE 9104 27/2 1/3 4/3 PEGASUS
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      Page 35 Advertisements Column 2
      1116 35 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL |VQY SPORE PKLANG SHAMPTON HAMBURG BHAVEN R'DAM LHAVRE Kowtoon Bay' 99/519 22/2 13/3 17/3 12/3 VIA RO Thames f 04/521 23/2 12/3 15/3 18/3
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      Page 35 Advertisements Column 3
      330 35 Mk MYANMA FIVE STAR UHE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIg Pen P.Gdg PAGAN VI67W In Pt PATHEIN VIO9W In Pt SW LOIKAW VI69W 22/24 Frt HP* AN VI6OW 26/28 Feb THE BANK LINE (A Mrvlct at Andrew Weir Shipping) SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I EXPRESS
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      Page 38 Advertisements Column 1
      814 38 INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV ROM ANT HBG LONDON SIN *fl« 22(2 22/3 20/3 l»'3 23/3 SOHLAND WMIO/ 22/2 21/3 22/3 THUERINCEN MMIOB 1/3 30/3 29(3 31/3 27/3 JAPAN SEN WFIII 1/3 1/4 4/4 3/4 2/4 BREMEN SEN WfU2 13/3 9/4 4/4
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      Page 38 Advertisements Column 2
      1089 38 TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 24/2 a 2/3 LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HAMBURG MANCHESTER LE HARVE AND ALL EUROPE MLANO DESTINATIONS FAR EAST PORT KELANG 22/02 1/03 MANILA 23/02 J. 2/03 PENANG 22/02 1/03 BUSAN 22/02 4 1/03 BANGKOK 25/02 29/02 TOKYO 28/02 7/03 HONG KONG 22/02
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      Page 38 Advertisements Column 3
      305 38 \s& JE CONTAINER LINE TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES FAR EAST JAKARTA 23/2 i 2/3 TOKYO 21/2 6 24/2 PORT KELANG 22/2 t 1/3 KOBE 24/2 A 3/3 PENANG 22/2 t 1/3 NAGOYA 24/2 6 3/3 MANILA 23/2 i 24,3 YOKOHAMA 24/2 i 3/3 BUSAN 21/2 >
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      Page 38 Advertisements Column 4
      1127 38 5? CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE TE R L S OSHIP 2, MISTRI ROAD. HMC BUILDING FAX: *****66 #15 00. SINGAPORE 0207 CABLE: COSTARLINE CR NO: **********0 M General Agents: OMTAR SHIPPING nt LTD VtSStLVOY SCP WOT HAM FIX AWT OKK VESSEL/VOY FLX ROT HAW ANT 55!
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      Page 39 Advertisements Column 1
      1167 39 (Sri RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL *****33 (12 Lines) m FAX: *****15/*****03 P3 TELEX: RS ***** RISHIP (3 Lines) tC\ ETHIOPIAN SHIPPING LINES f J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IvOY ETA ILOADING FOR SPORE NET SANE T 2' WB 3003 DARESSAI AAM
      1,167 words
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      Page 39 Advertisements Column 2
      856 39 MASKAPAI PELAYARAN V«PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE "VSL VOY SIN JKT PAJ SIN PUL
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      Page 39 Advertisements Column 3
      867 39 SYDNEY/MELBOURNE BANGKOK VESSEL VOY SPORE SYD MIL VESSEL VOY SINCAPQWE BANGKOK PLANET* 0246 28 01/3 13 15/3 17 19/3 NANTA BHUM »N Thur 21/2 Sun 24/2 PIYA BHUM 0302 15-16/3 2030/3 01 -03/4 MAHA BHUMv 47N Sat 23/2 Tu« 26 2 PtAWtTA 30 il 3 12 u 4 16 ll
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      Page 40 Advertisements Column 1
      1135 40 MAC-NELS SINGAPOREI worn tei: *****2? impout til 22i600T1| PENANG TEL: (04) *****6 |«K TEL (088) *****0 TAWAU TEL (089)*****9 iZTTzxTTj P KELANG TEL (03) *****/7 IKUCHING TEL (082) *****3 SKAN TEL (089) *****2 I lV"/ )J BAHRU TEL (07) *****2 IsißU TEL (084) *****2 1 LABUAN TEL (087)*****9 JAKARTA TEL
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      Page 40 Advertisements Column 2
      42 40 tINGAPORE/CHIWA DIRECT SERVICE I S pore Loading For MV XINNENC In Port HUANGPU GUANCZMOU A VESSEL 27 02/ MAR SHANGHAI DALIAN XINGANG MV ANANAS 28 04/ MAR HUANGPU GUANG2HOU MV KAIHENG 10 IS/MAR HUANGPU GUANCZHOU ALL VESSELS ALSO ACCEPTING SINGAPORE HONGKONG CARGO
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      Page 40 Advertisements Column 3
      388 40 BLUE STAR LINE SINGAPORE TO UNEW ZEALAND AND T/S FIJI FULLY CONTAIN KRISFjD MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER. WELLINGTON, BLUFF. CHRISTCHURCH. DUNEDIN, LYTTELTON, INVF.RCARGIL, FIJI AND TAHITI SIN N PLY AUCK LVT MAHSUR! OS9O 21 Feb 07 *ar Via NPL 10
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      Page 40 Advertisements Column 4
      792 40 /3PI 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 ima Iwt leta [kit vehel vit eta best KIM SOON LI 6/91E 21 FEB PENANG EQUATOR
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      Page 40 Advertisements Column 5
      317 40 /^NORBULKk NORBULK CARGO SERVICES LTD. V REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES SP PK LOADING FOR I SOLSYN N8124 In Port ROMM/ANT/NAN/UK I OCEAN TRADER NB 125 In Port 21/2 SETE/RDM/ANT/UK I YARTSEVO NB-126 2S/2 ROT/ANT/UK H ISWK.SABAH LOADING FOR I NBT-J5 25/2 KANDLA/KARACHI I ISP PK LOADING FOR
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      Page 41 Advertisements Column 1
      946 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 Singapore E Msia ROSEEVERETT In Pt/22 Feb 23/25 Feb 28/1 Mar SHAPLAEVERETT 11/13 Mar 14-16 Mar 19/21 Mar KAMALEVERETT 27/29
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      Page 41 Advertisements Column 2
      542 41 VSL Ivor Is POREIMAIWLINER IIAX |KST |SAV [NYC |MfX zim Singapore »i 212 zw pusan n i u 14 m 104 2IM SVONIT 12)( HI ZiM PUSAN 2i3 J 4 (4 14 10,4 A VESSEL 217 ZIM PUSAN 25 3 3 4 14 (4 10,4 2IM MELBOURNE 2111 t l
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      Page 41 Advertisements Column 3
      780 41 SING KWANG HANG INMMIQ ft THAMSPOMTATION (rrl) LTO WEEKLY LCL/FCL SERVICE IVESSEL Is PORE I JAKARTA [SURABAYA MEKHANIK KURAKO V 49N 22/2 2S/2 JENWEL V 165N |22/2 I— 12S/2 VESSEL SPORE BANGKO~ A VESSEL 24/2 2V2 A VESSEL 27/2 2/3 DESTINATIONS ETA SINGAPORE PORT KELANG 22 FEB MANILA 23 FEB
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      Page 41 Advertisements Column 4
      566 41 HA PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT BBY PRASETIA 147 A 21/02 24/02 JATIDIRI 920 23/02 26/02 PRASETIA 149 A 28/02 03/03 JATIDIRI 921 02/03 05/03 TANTO UTAMA 143 24/02 27/02 TANTO UTAMA 145 04/03 07/03 TANTO UTAMA 147 12/03 15/03 General
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      Page 41 Advertisements Column 5
      390 41 SIN FAS EAST 24/2 KEELUNG/KAOHSIUNG 23/2 BANGKOK 3/3 MANILA/CEBU 2312 JAKARTA/BELAWANSURABAYA 23/2 PORT KELANG/PENANG/E. Malaysia 3/3 BUSAN 26/2 TOKYO/YOKO/KOBE/NGO/OSA 24/2 HONG KONG SHI CHMIA 24/2 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo S|N EOMPE/UK 23/2 LDN/FLX/LVP/SOU 23/2 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria Hungary/Roumanta, Poland/Bulgaria/Czech. SIM USA/CANADA
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      Page 42 Advertisements Column 1
      707 42 jcfiA. CB SHIPPING MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINER/LCL/BREAKBULK SERVICE "ANKE" SERVICE tAH SPE T(a BAH* LAI PO* T Villi n :o:u i*J ?u W »2iSB I* »*>•« Mo* IS* <!1* »i*SB 3> 6»i 11 1 *> 21* ft 5 PNG BUNKER SURCHARGE Itl) USD U iO B
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      Page 42 Advertisements Column 2
      410 42 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE K.S V 01-91W 3/3/91 27/3/91 18/3/91 22/3/91 G M V 28CW90 3/3/91 24/3/91 MB V 03CW91 4/3/91 24/3/91 25/3/91 30/3/91 YM VO2-91W 16/3/91 11/4/91 1/4/91 6/4/91 K V T VO4CW9I 17/3/91 11/4/91 12/4/91 17/4/91 IY V 03-91W
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      Page 42 Advertisements Column 3
      528 42 1 >• WTrffriffißi vesscL sin ptl dsn rby ALS DANAOS VO3W 04/03 14/03 18/03 22 03 ALS AMALIA VO4W 21/03 31/03 05/04 I B VESSEL VOSW 06/04 16/04 21/04 I Accepting FCL and LCL' for Jotiannasburg l Subi to inducement VESSCL RBY OIN PTL SIN KCE BUS ALS STRENGTH VOIE
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      Page 42 Advertisements Column 4
      1055 42 ClUt con-mv mEmoDRiS V LCL/FCL SERVICE FROM fll/ f I H iSft *CUff oparatMeverBootermlnaJs/offlc**inU.&A I 111 flB m £E(f^"^*«^<MOOOw*>'B*lnioltB. V I I /I ft MTVM ovir 60,000 point* In U.S.A. U flffalHrirf^lttFClMniißM. General Agmtt: 7&WS~L//V/C Of/) PENANG- KL: allied-link SINGAPORE: 04-*****2 03-*****55 778 6522(22 lines) OT Marina Onfl Suaan Ng/Phillp
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  • Page 43 Miscellaneous
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      445 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUt 0000 0100 0200 0300 0400 0600 0600 0700 (MOO 0900 1000 1100 1200 *****400 *****600 **********00 *****100 *****310 IR 20 26 28 28 25 20 14 10 0 7 05 06 09 15 22 25 26 25 21 15 1.1 08
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      Page 44 Advertisements Column 1
      408 44 CHARTPOINT Every Saturday in Business Times PT. PELAYARAN. SAMUDRA AGUMG KUALA SIAK IV 22/2 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 25/2 DUMAI/PEKAN BARU ABAOI JAYA 22/2 DUMAI/PEKAN BARU KUALA SIAK V 28/2 BALIKPAPAN/SAMARINDA SENGGATA (TG BARA) 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BAT AM SUMATRA PORTS Also accepting
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      Page 44 Advertisements Column 2
      645 44 4HYUNDAI MERCHANT MARINE CO- LTDEASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN LALANDIA M€ 23/7" 28,2 18/3 21/3 24/3 23/3 lAIANDIA 37W 24/1 26/1 21/1 14/2 23/2 CGM PASCAL 02E 2/3 7/3 25/3 28/3 31/3
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      Page 44 Advertisements Column 3
      719 44 CHARTPOINT Every Saturday in Business Times NOTICES NOTICE M.V. "IVORY BAY" Voy. 1 Arrd Singapore 10.2.91 Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a general survey will be held on the 21st February 1991 (Thursday) Keppel Wharves at K3O 0900 1200 hours. No further
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