The Business Times, 1 March 1991

Total Pages: 44
1 44 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Friday, March 1, 1991 75*
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  • NEWS SUMMARY
    • 53 1 THAILAND'S King Bhumibol Adulyadej has called for alterations in the temporary, 32artiele Constitution drawn up hv the military junta, sources in Bangkok said yesterday. The changes were reportedly not major, and a revised final draft is expected to be presented to
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    • 64 1 CHINA has made an unprece- j dented offer of charitable assistance to the crippled Soviet economy. Communist party leader Jiang Zemin's offer ot unspecified "commodity loans" during a meeting with a visiting deputy chief of the Soviet Communist Party was it- j self the highest-level
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    • 39 1 OTHER Establishment political parties could he formed in Singapore in the long term, said BG George Yeo yesterday, adding that people must separate their commitment to Singapore from their commitment to the PAP Page 2
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    • 31 1 OFFICIAL figures indicate a deepening recession for Australia in the December quarter, with a sharp drop in retail spending and vehicle sales coinciding with increased foreign debt Page 6
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    • 25 1 THE Malaysian economy will be affected by the adverse effect of a world recession, predicts United Malayan Banking Corporation Page 6
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    • 20 1 LATEST US government figures have offered hope of a short-lived recession in the country Page 7
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    • 31 1 FRENCH ambassador Bernard de Montfcrrand hopes to consolidate and tine-tune the gains made last year in his country's tics with Singapore in trade, investment and other areas Page 9
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    • 40 1 ALTHOUGH bunker prices have dropped to last year's prc-Gulf crisis levels, the Asia North America Eastbound Rate Agreement (Anera) has decided to retain its current bunker adjustment factor (BAF) surcharge for March. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 23 1 THE Dow Jones index of 30 leading industrials gained 13.36 points to 2,902.47 in the first five minutes of trading yesterday.
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    • 41 1 STRONG GAINS in UK stock prices, supported by FTSE futures after news of a Gulf ceasefire, were pared in late morning trading by a bout of modest profit-taking. At 1225 GMT. the FTSE index was 30.5 up at 2.378.5.
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    • 25 1 HUME Industries (M) Bhd plans to increase its stake in Nanyang Press (M) Bhd to nearly 50 per cent Page 3
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    • 22 1 GP BATTERIES International's public offer of about one million shares at US$2 each has been 14.1 times subscribed Page 3
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    • 28 1 THE Bakrie Group of Indonesia has moved further into the commodities with the acqusition of the worldwide rubber trading operations ot Lewis Peat Page 4
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    • 19 1 THE EXPORT Credit Insurance Corporation of Singapore will resume insurance policies in the Middle East Page 5
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    • Article, Illustration
      33 1 Ihursday Change BT-MGA 711.71 +15.68 Kuala Lumpur ....562.40 -H.27 Hongkong 3,552.14 +39.35 Tokyo 26,40 l ).22 +314.97 Sydney 1,404.6. f 14.0 Wednesday C hange New York 2,889.11 t-24.51 London 2,348.0. 25.8
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    • 19 1 Exchange rates USS SSI.7255 100 Yen SSI.3072 MS SS0.6351 Money market rates Overnight 4-3/4 1/8 3-month 4-11/16% unch
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    • 37 1 London Gold am fix USS363.00 +USS3.00 Rubber S'porc Mar... I43 00«/kg -100 M'sia Mar 225.25'/kg -0.25 KL Tin Turnover 44 tonnes+23 Spot MS 15.03/kg -0.01 Crude palm oil Turnover I,29fc lots +70 Mar MS848 /tonne -4
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  • 550 1  -  By Anna Teo NOTHING oIT-track. no surprises that hurt. A painless Budget with clean giveaways is on the cards this afternoon when Finance Minister Richard Hu presents the government's financial plan for the year. Against a backdrop of lingering external uncertainties and at
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  • 423 1 THE GULL Regional security, arms control to be worked out Agencies PLANNING for post-Gulf War reconstruction and security was already underway yesterday after President George Bush, in a televised speech more solemn than celebratory, declared victory and suspended hostilities, ending 100 hours of a
    Agencies  -  423 words
  • 296 1  -  By Elaine Koh THE RESIDENTIAL market may he the first beneficiary of the Gulf ceasefire as transactions start to move, but prices, which had slid by 10-15 per cent since last August, are unlikely to bounce back in the short-term, say
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  • 283 1 SHARE: PRICES in Far hast markets surged yesterday as euphorie investors, aeting on news of a ceasefire in the Gulf, sent market indices rising. In Singapore, the Straits Times Industrials Index rose by almost 30 points before a mild correction led it
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  • 222 1 THE Singapore Manufacturers' Association (SMA). citing a survey of members show ing that they expect wages to rise by 7.5 per cent in 1991, yesterday reiterated its hope that today's Budget will be painless for business. SMA president Robert Chua said the Budget should
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  • 85 1 WHILE WELCOMING Ihc suspension of hostilities in the Ciulf, Foreign Minister Wong Kan Seng said yesterday that the Palestinian issue should be resolved to bring a more durable peace to the Middle East. Singapore hoped that "the Iraqi government will speedi- ly accept all the resolutions of
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  • 276 1  -  By Chitra Rajaram THE US and most of the rest of the world will see swift economic recovery now that the war is over, said former American Secretary of Defence Caspar Weinberger yesterday. Mr Weinberger, here on a promotional tour for Forbes Magazine, of
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  • Page 1 Advertisements
    • 182 1 FREE h'l.OW of stout. hccr. soft dunks A etc. I (Mm ID tables) Hong Kong Dion Xin frtt No l Yuan Chinif Road (above Juron-' How I) I Smqapttre JJftl lit _V)S 'MMKi JMB I Aircraft Schedule .25 Money Changer Rates 25 Weather 25 Commodities 24 Money Market 23 World
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    • 33 1 Two out of three SICC members affected by Gulf war, Pg 3 leader. Page 8 Businessmen already scouting for deals, Back Pg Shipping now likely to stabilise: NOL official, Shipping Times Pg 1
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  • HOME NEWS
    • NEWS ROUNDUP
      • 82 2 I'WO OTHER petrol companies have followed the move by Shell, Caltex and Mobil to lower petrol prices. Esso and Singapore Petroleum Co (SPC) announced yesterday that their grades of leaded and unleaded petrol as well as diesel now match the prices of the
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      • 56 2 THE Singapore Armed Forces will introduce a new study programme next month. The 'A' Level Study Programme will allow male recruits with partial 'A' levels to sign on as non-commissioned officers while getting another opportunity to resit their examination. Selected candidates will be offered
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      • 59 2 THE ORIENTAL Singapore has recently been voted by readers of British publication Meetings and Incentive Travel as the "Best Overseas Hotel in the Incentive Travel" category. This is the latest of many awards won by The Oriental here. Last year, it was the first runner-up for
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      • 49 2 THE Ministry of Labour will be conducting the Labour Force Survey, starting today till early-April. The purpose of the survey is to collect data to help evaluate and formulate plans and policies on employment. A sample of 6,000 households has been selected for the survey.
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      • 83 2 SHELL, in commemoration of the oil company's centenary this year, has announced the Shell Centenary Awards for Education. In a press statement, the company said that the Shell group of companies will be providing a package of scholarships, overseas training and study grants. The entire package
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      • 40 2 THE PUBLIC UTILITIES BOARD will be closing its collection centre at the Upper Serangoon branch of Four Seas Communication Bank. Customers may pay their bills instead at the Upper Serangoon branch of the Overseas Union Bank.
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    • 417 2  -  Yesterday in Parliament By Harish Mehta OTHER ESTABLISHMENT political parties could be formed in Singapore in the long term, Brigadier-General Cieorgc Yet) (Res) said yesterday. Brig-Gen Yco, the Acting Minister for Information and the Arts and Senior Minister of State for
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    • 377 2  -  By Shoeb Kagda GOVERNMENT Parliamentary Committees (GPCs) should be given more tools to give them more clout, says the Member for Mountbatten. Mr Eugene Yap. Speaking on the motion to thank the President for his speech in opening Parliament's Third session. Mr Yap. also
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    • 210 2 GERMANY, one of the largest European investors in Singapore, is urging Singapore companies to invest in the development of infrastructure and tourism and the cleaning-up of the environment of what was previously East Germany. Dr Karl Spalcke, the German ambassador to Singapore,
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    • 376 2  -  By Suzanne Soh DFS SINGAPORE, which recently closed its Claymore Hill store due to poor business, has dismissed market talk that it is cutting down local operations further to cope with slower growth in the retail industry-, now exacerbated by the Gulf crisis.
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    • 280 2  -  By Claire Leow WITH the European Community expected to impose stringent standards for certain electronic goods next January, a test centre has been set up in Singapore to certify that exports conform to these new standards. The EC's EMC (electromagnetic
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    • 259 2 THE Housing and Development Board will sell its Woodlands and Tehan Gardens Hats after their upgrading is completed. These llats are being upgraded under a pilot scheme to improve HDB flats throughout the island. Their price tags have not been decided but buyers
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  • Page 2 Advertisements
    • 60 2 TheTrevi Italy. HhuSß Ay w/, I've been criticized 7 j^r V Vyr- for being extravagant jU X V\ 7* V v > <! in the way I 100k... j V tV but then, who wants to be V tI I' a 1 6 K s I just a face in
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 471 3  -  By William Chia HUME INDUSTRIES (M) Bhd, a member of the Hong Leong group and a 23.8-per cent associate of Renong Bhd, is planning to raise its 4.9-per cent stake in Nanyang Press (Malaya) Bhd comprising 1.61 million shares to a near
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    • 314 3 AN AMBITIOUS plan by Lum Chang Holdings to inject some $64 million worth of property interests into its 55-pcr cent subsidiary Eu Yan Sang Holdings (EYS) has been derailed by the Stock Exchange of Singapore. A curt statement from EYS yesterday merely stated that
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    • 138 3 TAN SRI Geh Ik Cheong, the chairman of Development Commercial Bank Bhd, yesterday confirmed that the bank is looking into a proposal to merge with United Malayan Banking Corporation. However, the matter was still at a preliminary stage "and there's nothing concrete about the plan as
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    • 168 3 UNITED Industrial Corporation (UIC) has confirmed that it is currently considering several options to reduce its bank borrowings and the cost of such borrowings. The company was responding to BTs Hock Lock Siew column yesterday about the possibility of an issue of low coupon bond
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    • 390 3  -  THE a GMLF Major airlines adopt wait-and-see attitude By Rahita Elia,s Selva Kumar THE END of the Gulf war signals better times for the aviation industry but terrorism could cloud the otherwise bright prospects, said airline officials. Carriers contacted could not say by how much
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    • 481 3  -  By Quak Hiang Whai TWO out of three Singapore International Chamber of Commerce members were affected by the Gulf crisis, according to a survey by the SICC. SICC's executive director Graham Hayward said yesterday at a seminar on the Gulf
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    • 226 3  -  By Elaine Koh GP BATTERIES International's public offer of about one million shares at US$2 (553.4) each was 14.1 times subscribed, attracting total application monies of U5533.7 million when it closed yesterday. Balloting of GPBI's shares will take place today at the office of Morgan
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    • 350 3 MALAYSIA'S ailing property and textile group Imatex Bhd has finalised a restructuring scheme which essentially involves a MS2SO million (SSISB million) reverse takeover by Automotive Corporation (Malaysia), the distributor of Isuzu motor vehicles. Under a six-step exercise, which was announced by the group on
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    • COMPANY BRIEFS
      • 104 3 MALAYAN United Manufacturing Bhd has reported a group after-tax profit of MS 10.7 million (556.7 million) for the year ended Dec 31, 1990. up 55.3 per cent over the previous year. Gross revenue rose to M 521.37 million from $20.33 million previously, while
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      • 105 3 MALAYSIAN Airline System Bhd said yesterday that it has agreed to sell its entire stake of 9 per cent in Pelangi Air Sdn Bhd, comprising 630,000 Msl shares at M 53.00 (551.90) per share, for which MAS would receive $1.89 million in return. The
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      • 32 3 SINGAPORE Petroleum Company has been awarded a fiveyear contract worth $10 million by Raffles Marina Ltd for the exclusive supply of all its fuel and lube oil requirements.
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      • 53 3 IN the article "Avimo buys NGL Singapore" yesterday, BT reported that the earnings per share of Avimo Singapore group ot companies for the year ended Sep 30, 1990, was reduced from 4.01 cents to 3.71 cents. It should have been losses per share and not
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      • 130 3 ALTHOUGH the major shareholders of feedmill group Gold Coin Ltd are holding discussions with Acma Ltd, the company is not involved. Gold Coin, in a letter to BT on Wednesday, clarified that: there was no deal between the company and any local or other
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • 66 4 HONGKONG PROPERTY DEVELOPER Chinese Estates Ltd plans to borrow HK$l.O5 billion (about ***** million) to finance redevelopment costs of Entertainment Building in Central district. Loan arranger Standard Chartered said the four-year loan, which consists of three tranches, will pay for the redevelopment of the
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      • 79 4 CANON INC's Malaysian subsidiary will increase compact camera output to 100,000 per month from the current 40,000 starting in August. Canon Camera (Malaysia) Sdn Bhd, capitalised at 1.5 billion yen (about 5519.5 million), will invest about 4.2 billion yen to expand its production plant
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      • 115 4 DENMARK'S FLS Industries A/S said US-based Fuller Co, part of its FL Smidth unit, had won orders worth 750 million crowns (about Ss22l million) for cement plants in Indonesia and South Korea in the last two months. A deal worth US$9O million (S$ 153 million)
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      • 65 4 JAPANESE CAR MAKER Nissan Motor Co Ltd is seeking to settle a dispute with its UK distributor through arbitration in Japan rather than face a British court battle. In December, Nissan served one year's notice of termination on Nissan UK Holdings Ltd, a privately-owned group which held
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      • 64 4 MINNESOTA MINING and Manufacturing Co (3M) is completing a joint venture agreement with Japan's Daikin Industries Ltd under which the two companies will build a new flurochemical plant in Alaska. The joint venture, to be known as MDA Manufacturing Inc, will produce fluorochemical intermediates that
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      • 84 4 GE INDUSTRIAL Power Systems, a unit of General Electric Co, said 1990 operating profit increased by about 46 per cent over 1989 to about US$74O million (about 551.26 billion) on total revenues of about US$5.B billion. Senior vice-president David Genever-Watling told a meeting of security analysts
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      • 77 4 LUBRICATING OIL COMPANY Century Oils Group pic rejected a takeover bid made on Tuesday by Fuchs (UK) pic, a unit of Fuchs Petrolub AG Oel Chemie of Germany. "The offer is wholly inadequate... shareholders are strongly recommended to take no action regarding the proposed offer,"
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      • 80 4 GENERAL MOTORS CORP will recall about 459,000 model year 1990-91 cars for potential problems with front-seat safety belts. Vehicles involved include certain Chevrolet Lumina, Oldsmobile Cutlass Supreme and Pontiac Grand Prix sedans, as well as certain 1990-91 Buick Regal sedans. During severe crashes, the safety
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    • 303 4  - Bakrie takes over rubber operations of Lewis Peat Group secures foothold in commodities sector From Ranjit Gill in JAKARTA THE BAKRIE GROUP of Indonesia has acquired the worldwide rubber trading operations of Lewis Peat, thus moving deeper into the commodities sector. The deal was completed in London late last week,
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    • 319 4 FIRST PACIFIC'S subsidiary, Hagemeyer, has attributed a 24.2 per cent lift in last year's profit after tax to 67.6 million guilders (about 5567.7 million) to growth in existing businesses and acquisitions, according to the South C hina Morning Host. The Amsterdam-based marketing and distribution
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    • 169 4 Reuter NATIONAL Australia Bank Ltd will make a one-for-five rights issue to raise up to A 51.06 billion (about 551.43 billion). It said up to 201 million ordinary shares will be issued at A 55.25 each. National Australia shares closed at A 56.26
      Reuter  -  169 words
    • 330 4 FT WESTING HOUSE Elcctric, the diversified US technology group, is taking a US$975 million (about 551.66 billion) pre-tax charge to cover losses and radical cuts at its troubled financial services subsidiary. The group also expects to issue about US$6OO million in new equity to bolster its
      FT  -  330 words
    • 198 4 Reuter ELECTRONICS group NV Philips Ci loci lam pcnfabrickcn plans to modify its structure to give shareholders a stake in the company which makes the products, rather than in a holding company. "The proposed change will mean that shareholders will be more directly involved
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    • 377 4 FT THIRTY-SIX international engineering and construction groups have been selected to bid for the first batch of emergency repair and reconstruction contracts in Kuwait. According to British cornpanics, the list of groups which have pre-qualilled to bid for the first contracts includes 12
      FT  -  377 words
    • 138 4 Reuter AUSTRALIA'S largest pure industrial conglomerate. BJR Nylcx. has reported its first profit slide in more than 10 years because of world economic gloom. BTR Nylcx said on Wednesday it was disappointed with the 6.1 per cent fall in net profit in
      Reuter  -  138 words
    • 430 4 AP EXXON CORP as well as IJS state and federal officials have agreed to a "broad framework" for settlement of the Alaskan government's civil claims over the Exxon Valdcz oil spill. Alaska Attor-ney-General Charles Cole says. Mr Cole said on Wednesday the settlement was "in
      AP  -  430 words
  • Page 4 Advertisements
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  • FINANCIAL NEWS
    • 315 5  -  By Quak Hiang Whai THE EXPORT CREDIT Insurance Corporation of Singapore (ECICS), which suspended all credit insurance cover for exporters selling to the Middle-East during the Gulf crisis, hopes to resume its policies in a fortnight. Exporters who sell to Egypt may
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    • 386 5 Reuter JAKARTA stocks' brief honeymoon is over. A central bank strangle-hold on the rupiah has squeezed all the money out of the market, dealers said on Thursday. After months in the doldrums, the Jakarta market was prodded into action last week as rupiah
      Reuter  -  386 words
    • 331 5 FT THE US GOVERNMENT will probably have to meet some US$2 billion (553.4 billion) of claims from US banks over loans on which the Iraqis have defaulted. The loans, to finance shipment of farm products to Baghdad, were guaranteed by the Commodity Credit
      FT  -  331 words
    • 265 5 Reuter THE CHAIRMAN of Resolution Trust Corp (RTC) Mr William Seidman, said his agency's thrift bailout operations will be suspended very soon unless the US Congress approves new funding for the clean-up. It's certainly just a matter of days," Mr Seidman told reporters
      Reuter  -  265 words
    • 217 5 FOUR of the five US senators accused of wrongdoing in the worst scandal to hit the beleaguered US savings industry, including former astronaut John Glenn, were cleared on Wednesday by a Senate panel. The Senate Ethics C ommittee's findings followed a year-long investigation
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    • SMALL CHANGE
      • 95 5 THE SOVIET UNION is delaying repaying loans again and will be in an extremely critical situation if no new loans are made by the West, a Deutsche Bank executive said. "Late payments are coming up again and only for German exports it is a sum
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      • 98 5 BANC ONE CORP plans to bid for all of Bank of New England Corp but will also be interested in buying a bank in the Washington DC area, perhaps even MNC Corp, Banc One chairman and chief executive officer John McCoy said. However, the banking
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      • 50 5 MEXICO, returning to international capital markets 10 years after the debt crisis erupted, is seeking a further cut in the costs of its new loans. Mexican central bank governor Miguel Mancera said. He also said new borrowing this year would primarily aim to replace expiring loans.
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      • 52 5 US BANKING regulators may downgrade Brazil's creditworthiness another notch soon, forcing- banks to set aside more reserves for their loans to the country. Brazil, which owes foreign banks about US$6O billion (Sslo3 billion), has not paid interest since July 1989 and arrears now total about
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      • 2 5 Dollar$ Non$en$e
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  • Page 5 Advertisements
    • 82 5 ttfll HdHfe, fl <£■?■ IF-. ,t? |t js <tf£o|^HP| jMMH V The Cieat Mxhnhtui<»/ hirui Painted In 40 artists from the Beijing Art> and Crafts Research Institute. this masterpiece stands 14 stories high in the Atrium of the Island Shangn-l-a On The Island Of Hong Kong There Is Now The
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  • THE REGION
    • COMPANY BRIEFS
      • 89 6 SINGAPORE, which docs not have diplomatic relations with Vietnam, sent the second largest number of businessmen to Hanoi last year, the Vietnam Chamber of Commerce and Industry announced on Wednesday. The organisation said nearly 3,000 business and economics delegations visited Vietnam last year,
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      • 86 6 THE PHILIPPINES' gross international reserves have shot up to a 14-month high of U552.36 billion (Ss4.l billion) with the release of fresh international credits, the Business World newspaper reported in Manila yesterday. The reserves were boosted this week with the release of US$ 174 million by
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      • 125 6 THE US State Department has clarified that its request to Congress for US$l.l million in military aid to Malaysia is conditional upon a change in the country's policy on granting first asylum to Vietnamese boat people. A State Department spokesman said in Washington on
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      • 69 6 THE INDONESIAN government has asked the Japanese Overseas Economic Cooperation Fund for US$llB million in loans to finance a multipurpose dam in Sumatra's southernmost province of Lampung. On Wednesday The Jakarta Post quoted Mr Kariyotomo, head of Lampung's public works office, as saying the dam
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      • 95 6 NEW ZEALAND'S official Audit Office has launched an inquiry into a scheme to bring wealthy Taiwan immigrants to New Zealand, the Evening Post newspaper reported yesterday. The NZ$l3O million development at Upper Hutt, just north of Wellington, will bring 60 Taiwan families to Wellington later this
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      • 46 6 MEMBERS of Parliament opened in Phnom Penh yesterday an extraordinary session of Cambodia's National Assembly to discuss internal problems and external affairs. The closed session was being held less than one month after Parliament ended its last biannual meeting on Feb 2.
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    • 407 6 Rising unemployment and bankruptcies seen AFP OFFICIAL FIGURES released yesterday indicate a deepening recession for Australia in the December quarter, with a sharp drop in retail spending and vehicle sales coinciding with increased foreign debt. The latest data rcflccts still growing evidence of a
      AFP  -  407 words
    • 198 6 AFP PHILIPPINE Finance Secretary Jesus Estanislao has said that a new US$3.3 billion (555.6 billion) aid plan for his country signalled broad international support for the country, but more money will be needed. "Much work remains to be done in the months ahead,"
      AFP  -  198 words
    • 243 6 AFP TAIWAN'S unofficial ambassador to the Philippines, Liu la-Jen, has called for the passage of a controversial Bill protecting Taiwanese investments in the country from seizure by Beijing. Speaking to local businessmen in Manila on Tuesday, he also suggested that the Philippines
      AFP  -  243 words
    • 329 6 Bernama THE MALAYSIAN economy will not escape the adverse effect of a world recession given the increasing "openness" of its economy. United Malayan Banking Corporation (UMBC) said in its latest write-up in "Business Conditions Malaysia". It said in terms of industries, the export-oriented (primary
      Bernama  -  329 words
    • 176 6 INDONESIA'S next House of Representatives (DPR) should consist not only of politicians but also people from various professions, according to the Minister of Home Affairs Rudini, the Jakarta Post reported on Wednesday. "The DPR should consist not only of politicians, but also
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  • Page 6 Advertisements
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  • THE WORLD
    • 443 7 Economy expected to shrink in first quarter Reuter US GOVERNMENT figures published on Wednesday showing big trade gains and lean inventories as the American economy slid into recession in the fourth quarter have boosted hopes that the current downturn in the
      Reuter  -  443 words
    • 285 7 Reuter A YEAR after historic visits to Hungary and Poland by Japanese Prime Minister Toshiki Kaifu, East Europe still awaits the Japanese capital and technology it needs as a vital element of its economic reconstruction. There is no relief in sight. The region
      Reuter  -  285 words
    • 449 7 Reuter THE REBOUND in confidence likely to follow the end of the Gulf war won't be enough to lift English-speak-ing nations out of rcccssion or halt the cyclical downturn now gripping much of Europe, economists say. Some analysts at the
      Reuter  -  449 words
    • 533 7 Reuter EUROPEAN Community farm commissioner Ray MacSharry has unveiled a farm price plan which he says will keep the system ticking over while he works on ways to end chronic EC farm surpluses for good. He described the package as a rolling over
      Reuter  -  533 words
    • 565 7 THE GMLF .Mftiil Reuter FORCING a defeated Iraq to pay war reparations to Kuwait could cause bitter arguments about an appropriate figure and hamper long-term stability in the Gulf, diplomats and foreign affairs analysts say. The United States, Britain and Kuwait have demanded that Iraq
      Reuter  -  565 words
    • WORLD WATCH
      • 116 7 SOUTH KOREA suffered a record trade deficit in January as a result of surging imports, the Korean Customs Administration said yesterday. On a customs clearance basis, January imports amounted to U556,427 billion (Ssl 1.1 billion), up 39 per cent from the same month
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      • 113 7 BONN will spend US$BO million to recruit hundreds of western Germans to help upgrade eastern Germany's judiciary, still largely staffed by Stalinist-trained officials, the Justice Minister said on Wednesday. The minister, Klaus Kinkel, painted a grim picture of the legal situation in former East Germany
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      • 133 7 THE EUROPEAN Broadcasting Union (EBU) on Wednesday announced plans to launch next year a multilingual all-news satellite television channci called Euroncws. Saying the Gulf war and its coverage by Cable News Network of the US "showed the absence of a European voice," EBU officials said
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      • 161 7 THOUSANDS OF MINERS at the Soviet Union's richest coal fields voted to strike in demand of higher wages and an earlier retirement age, the Independent Miners' Union said on Wednesday. Radical miners also were voting into the night on Wednesday on whether to demand President
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      • 63 7 THE VALUE of smuggled goods confiscated last year in Shen/hen, the Chinese special economic zone bordering Hongkong, increased by nearly half, according to a report seen on Wednesday. Authorities in the southern city seized 184 million yuan worth of goods from smugglers, 46 per cent more
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  • Page 7 Advertisements
    • 94 7 P~) Bonk Bum! Duyn acting through its Cayman Islands Branch U5570,000,000 Floating Rata Not— du« 1996 In accordance with the prevision of the Notes, notice is hereby given that for the interest period from 28 February 1991 to 30 August 1991 the interest rates and coupon amount are as follows:
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  • 529 8 EDITORIAL AFTER seven long months of agony, the best scenario that businessmen and economists throughout the world could have hoped for has materialised. Following only a hundred hours of battle at ground level, the Allied forces have emerged victorious in a big way, with Saddam
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  • WHAT THE OTHERS SAY
    • 226 8 WHAT President Saddam Hussein must be made to realise is that there is no going back to the status quo ante for him. In entering Kuwait, he crossed a political point of no return. He might accept a fait aaxompli and pull out his troops now,
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    • 158 8 THE Thai military coup on Saturday came as no surprise to many in Thailand. It once again shows that the military is a key and powerful institution in Thai politics. The reasons behind the coup are well known. Mr Chatichai Choonhavan's two-and-a-half years in office were characterised
      158 words
    • 119 8 BOOSTING Singapore's national identity and unity does not mean every race must try its best to brush away its own culture. Also, can a Singaporean who has no culture of his own cultivate a stronger sense of national identity? Will the different races respect and tolerate each
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  • REGIONAL VIEWPOINTS
    • 157 8 THERE is a strong sense of not being able to immediately trust the intentions of Iraq in its calling for a ceascfirc not only in the United States but in international society as well. Iraqi President Saddam Hussein is responsible for this situation because of his
      157 words
    • 184 8 COLLABORATION between the public and private sectors has been increasingly evident in recent years as the government gradually ceded to the business and industrial community much of the responsibility for generating economic growth. When Datuk Scri Dr Mahathir Mohamad espoused the concept of Malaysia Inc soon after he
      184 words
    • 195 8 BUT what is the purpose of the continuing merciless attacks on the fleeing Iraqi troops? One obvious intention of the allies is to deal Saddam Hussein a humiliating defeat to make sure that he cannot twist it into his victory of any kind. But this
      195 words
  • 1323 8  -  In the 1980s, the world fretted about the almost frightening magnitude of Japan's financial power, but grew dependent upon it. Now the worry is to what extent will Japan eschew its position as the world's top creditor? Patrick Smith reports
    IHT  -  1,323 words
  • Page 8 Advertisements
  • Page 8 Miscellaneous
    • 55 8 Doonesbury by garry trudeau I'M MAJOR YOUR. LIEUTENANT TEUS ME SER6EANT E'dUI?FOG6. YOU'VE BEEN AROUNP, KNOW MP? WHY 3V? 51R WEMSTES' THE PRILC, nc,. $OIV LIKE MXJ'M THEY ME&A PIGEON. CORTEP IN A yOU TO BE THE PESTONATFP NEEUA JUST 6Et HJHII j PRE 9? POOL MP FOR THE REPORTERS
      55 words

  • ANALYSIS
    • 1096 9 The UN has another chance to return to prominence after the Gulf War, if it succeeds in its peacekeeping task after the allied forces pull out. But it faces four major handicaps which, if not overcome, will continue to hamper its
      The Economist  -  1,096 words
    • 969 9  -  The French ambassador's stint in Singapore has borne much fruit, thanks to the fortuitous combination of timing and personal zest. Genevieve Cua talks to Bernard de Montferrand about his aim to consolidate past gains and his plan for this year Genevieve Cua
      969 words
    • 658 9  -  A speedy end to the Gulf War won't do much by itself to bring the US out of recession, but it will boost the confidence of American consumers. This is important because the US economy is fuelled largely by the consumer's
      Rcutcr  -  658 words
  • Page 9 Advertisements
    • 91 9 'Commercial: A chance to own your commercial building in prime business location just beside SHENTON Area. Four storeys building now use as Showroom Office along main Road in Tanjong Pagar Area. Comer building next to URA Car Park. Freehold. Good Rental Return. $3.7 m. Residential: SWISS VALLEY A unique Project
      91 words

  • Page 10 Advertisements
    • 244 10 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? c BAR OPEN FROM 12.00 NOON TO 5 00 PM. HAPPY HOUR& DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00 PM TO 2.00 AM.
      244 words
    • 408 10 FEAST I YOUR EYES Mil II *****1 l I ON THE >LUM'£ TEWELS lIIIIIIIIIIIIIIIIIU OF THAILAND From Ist March 17th March five of the finest exponents of Thai Cuisine will masterfully prepare <1 plethora of appetising dishes. The buffet will be available for both lunch (12 ni>on 2.3() pm) and
      408 words
    • 306 10 >. At Seafood Theatre I Restaurant, our unusual vT-' tjjf: ttlcnd of Cantonese and *m JF ■m£" Thai cooking will surely ff j delight you Served amidst lK f"*"' f a continental ambience H />>/ i rA 7 1 j and graced In attentive C#-- 1* S/V r« r i
      306 words
    • 335 10 if our ivaij through Europe xffl With over 60 world seeing you again' J renowned dishes from European Buffet Lunch 12 naoons, you're going February 1— 28 1 to need more than one Noon —230 pm i visit to savour all of Adult: $36++ I j Europe's finest We'll be
      335 words
  • Page 10 Miscellaneous
    • 698 10 TELEVISION AND RADIO T* J TBCT2 iSSTiiS.. BUSINESS ON RADIO KaniO 23.-28. 7.M AM CNN MenutioMl il) ,J# US*"*— £2 EL*E~. BBC, 89.9 mHz in VHF Band II Q m 7.30 PM Drama Classics llig Jim 10.20 Friday at the Movie (iood 5.30 Dinosaurs(Cartoon) 7.*****1,9.*****1,1.*****11, (b/w) Morning, v.cinam (See Our
      698 words

  • LIFESTYLE
    • 757 11  -  Is it true, as some recent research suggests, that left-handed people die an average of nine years earlier? Malcolm Ritter reports Malcolm Ritter AP THE RESEARCH began with observation that older people were less likely to be left-handed than younger people. It led to a
      AP  -  757 words
    • 642 11  -  Hollywood may grab all the glamour in the movie business, but Rotterdam holds the purse strings, says Cynthia Osterman Cynthia Osterman Reuter IMPROBABLE though it may seem, the gritty Dutch port of Rotterdam is home to the biggest banker in the independent film world. Financier
      Reuter  -  642 words
    • 657 11 CHATTERBOX THE New York Philharmonic announced on Wednesday that it had cancelled its European tour, scheduled for the end of this month. Allison Vulgamore, the orchestra's acting managing director, said: "The security advice we have received suggests that there would be an expectation or
      657 words
    • 666 11 Reuter YUKO Mizuno, a fashion-conscious career woman wrapped in a trendy Romeo Gigli coat, eyes the rack of imported designer clothing in a Tokyo department store. "I don't know why, but when I buy clothes, I naturally look for Western designers." said Mizuno, in
      Reuter  -  666 words
  • Page 11 Advertisements
    • 269 11 AND ENTEBTAIN High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. ANA HOTEL lh NASSIM HILL. SINC.APOKL ICJS IH 73> \222 SINCAPORE k YUSHENG? Yes, we do. From 8 Feb
      269 words

  • FOCUS
    • 603 12 Foreign investors have eontinued to inject money into Northern Ireland despite its image as a province of bombs and bullets Reuter Foreign investors are still attracted to Northern Ireland despite the gloomy media image of the province as being all bombs and bullets, says a
      Reuter  -  603 words
    • 525 12 NYT EVEN AS the rail-sta-tion bombings in London have shown that the Irish Republican Army is stepping up its campaign of violence, hopes have all but faded that the British government will be able to persuade political leaders of Northern Ireland to enter
      NYT  -  525 words
  • Page 12 Advertisements
    • 39 12 for your business to surge ahead of the competition AD BOOKINGS CLOSE s TODAY fto NQW n, Bunder yellow pages Integrated Information Pte Ltd 585 North Bridge Road #07-01 Blanco Court Singapore 0718 Tel 296 8080 Telefax 291 4561
      39 words

  • SPORTS
    • 289 13 AP TOP-SEEDED John McEnroe relied largely on his passing shots on Wednesday to heat India's Ramesh Krishnan 7-5. 6-3 in a secondround match at the Chicago Volvo tennis tournament. In the quarter-final today, McEnroe will lace unseeded Alexander Mron/ of Germany, a 7-6 (8-6).
      AP  -  289 words
    • 327 13 Reuter TENNIS bad boy John McHnroc would like to curtail his trademark on-court tirades, but like a drug addict, the former world No. I just can't kick the habit. "I feel at times I can control it better than others but I am not
      Reuter  -  327 words
    • 504 13 AP A RHVAMPFI) swing, a condensed schedule and renewed vigour has Cireg Norman ready for a fulfilling 1991 season. Nol that last year was a bust. Norman won two tournaments. had two more taken away by the last-hole heroies of others and led
      AP  -  504 words
    • SIDE LINES
      • 101 13 LINFORI) CHRISTIE faccs a world title dress rehearsal when he taekles top Ameriean sprinter Andre Cason in Sunday's indoor international in Glasgow between Britain and the US. Cason, seeond only to world rceord holder Leroy Burrell in the US rankings, eould well be
        101 words
      • 129 13 THE WORLD BOXING COUNCIL (WBC) says that Mike Tyson and Razor Ruddock will be fighting for the "interim" heavyweight title on March 18 pending the outcome of an arbitration involving the otherwise undisputed champion Evandcr Holyfield. The WBC has threatened to strip Holyfield because it
        129 words
      • 48 13 STEVE DAVIS ended Colin Roscoc's giant-killing run in the British snooker Open in Derby, England, on Wednesday hut not without a fight. Davis, the 1986 Open champion, again had his wafer-thin confidence severely tested by the 45-vear-old former Welsh ice cream salesman before winning 5-3.
        48 words
      • 71 13 TOM JAGER. who is better known as a freestyle specialist, will race former Olympic champion Mark Spitz in the 50m butterfly in April. Jager, who holds the world record in the 50m freestyle, had agreed to face Spitz in Los Angeles on April 13 in
        71 words
      • 67 13 FRENCH YACHTSMAN Alain Gauticr has rounded Cape Horn and is a full day ahead of his nearest rival in the BOC round-the-world solo race, according to official reports in Sydney yesterday. Race officials said that Gautier's yacht (icm-rali Concorde rounded the southernmost point of South America
        67 words
      • 82 13 WHILE BOOKMAKERS has stopped taking bets on John Toshack to become the next Liverpool manager, former Anfield favourite Graeme Souness has firmly ruled himself out of the running for the vacancy. The former Scottish international said in Glasgow on Wednesday, "I've no intention of
        82 words
  • Page 13 Advertisements
    • 50 13 "My back's aching. "She's just taking I've lost my spring. I a break." y My seat's so hot, I the fabric must be worn... I thought they'd never -4T 4 m l-TH, < U. ,s r Jju V Q $han9ri La hotel ,j SINGAPORE t A sHANUO tA IM£KNATK>NAI HOTIL
      50 words

  • Page 14 Advertisements
    • 45 14 SWIFTRIDER.WE Cargo of all shapes and sizes can now enjoy speedier, even more reliable service. From Airport to Airport. City to City. With Singapore Airlines Swiftrider. The new express cargo service from Singapore Airlines Cargo that gives you the ultimate boost in cargo performance. With
      45 words

  • Page 15 Advertisements
    • 51 15 s i h dv^v' H I later close-out times, guaranteed space and uplift, and early deliveries. All of which enables you Ito work faster, better. Contact your local Singapore Airlines represen- siiigapore airlihes cargo I tative for details on how Swiftrider can move your cargo even faster. SWIFTRIDER AItPORT TO
      51 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4193 16  -  By Lilian Ang EUPHORIC investors, acting on news of a ceasefire in the Gulf, sent share prices surging yesterday in a day marked by hectic trading. But profit-taking prompted by fears that the market may have reached its resistance level led the Straits
      4,193 words

  • 3309 17 Main Board hem hut »4 t S4 1400% SI X 1260 t 70 t 5.»Wb |)HS 1130 50 4.6% Ol IK 725 145 6 6% SI A Foreign 1740 I 40 SI X 200 1250 40 3.3% Spore I anil 645 II Negari 424 t
    3,309 words

  • BT SHARE INFORMATION SERVICE
    • 246 18 Company Date Year Croup Ne! Net earnings Gross ann to profit/loss (l) per share dividend ('000) (cents) H I eong Credit Ian 16 lun 90 M$?4 46?( $18.0/4 > 218(164) 10(101 C&C Ian 14 Sep 90 JS i 94/($J4.6411 »08(235.«> 15(85a) t&N Ian 14 Sep 90 $53 080
      246 words
    • 244 18 Company Date Year Croup pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) FtlS Feb?/ Dec 90 $36.729($26.930) 23 3(17 3) 12(12) CASH Feb 25 Aug 90 MJ/661 ($JS/t) > MBt F. nance Feb 21 Dec 90 M$64 5I9($4? 839e) 1? t<9 6a) I0(82a)
      244 words
    • 289 18 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend (•000) Faber Croup Feb 26 Dec 90 M$jl.322($/.035> First Capital Feb 25 Dec 90 $1/01 ($11,006) < > Kemayan Feb 25 Nov 90 M$ 1,633 ($£49) Robinson Feb 25 Dec 90 $ll,586($/.186) SO) Lmgui Feb 20 Dec
      289 words
    • 594 18 Feb 27 Avimo is buying aircraft parts maker NGL Singapore for $3 ?6m Feb 26 Dunlop Estates Bhd has obtained the M.ilaysian Capital Issues Committee s approval to acquire 32 9% of Magnum Corporation Bhd tor Ms3lo 197 m Sembawang has tied up with French multi purpose Petitiean
      594 words
    • 324 18 Current Ex Books Date Total for Total for payment date close payable the year last year Asean Find USJO 10(b) Mar 18 Wat 28 Apr 8 USW10 Av*no 5%TE Feb 25 Mar 7 Mav 15 125%TE 25%TE 3MT 50%(l) Feb 20 Mar 4 Mar 6 50% 150% Beriaya
      324 words
    • 983 18 Main Board La*« Fu Y Company Penod Date tear Net EPS Gross Net annouiced etKfci( (cents) <4* profit last year (S'000) CUB Padiapii Interim Now 13 Dec 90 29 7 132 *****(e) BMT Inter *n Ian 10 Jun 91 2V2 1500 773 Apr* fmal Feb 16 Dec 90
      983 words
    • 174 18 Company Rights Issue H Leone Credit Two forfiw h MS2 80 per share E»<late Feb 21 Books c»se Mar 7 Acceptance Payment NYA PeUnp Bhd Two tor five VJ160 per share £i-<tate War 1 Books close Mar !8 Acceptance Payment NYA Company Bonus Issue H leong Cre<*t Three
      174 words
    • 268 18 Company Rights Issue i Alcorn One for two n Mil 00 per share (ssue of 40m Cumulative Redeemable Preference Shares o? M$0 10 eacti at M$1 per share witti 10m detaihaNe TSR BoKan One !or tour <„ MS? 00 per share FAC8 Capital Reduction Scheme to reduce pa'
      268 words
    • 838 18 BONDS, LOANS WARRANTS Company Conversion period Conversion term for one ordinary share CiC Wt Before ?6'4-93 I warrant plus $3 09 cash Causeway Loan Causeway Wt 2, 10 89 to 20/10 94 1 warrant plus JO 77 cash or 1 warrant plus 10/7 nominal amount ot loan stock Chuan tt*
      838 words
    • 75 18 Duntop Estates Bhd: EGM at Kedah Room. Basement 2. Shangri-La Hotel, 11 ialan Sultan Ismail. ***** Kuala Lumpur on Monday. Mar 4, at 9.30 am. United Overseas Land Ltd: EGM at the Board Room. 30th Storey. UOB Building, 1 Bonham Street. Raffles Place. Singapore 0104 on Wednesday, Mar
      75 words
    • 209 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 high: *****5 28/2/91) 1991 hifh: *****7 (28/2/91) 1991 low: *****? (16/1/91) 1991 low: *****8 (16/1/91) 1990 fcfh: 1435 '3 (16/7 90) 1990 hifh: 1607.12 (27/3/90) 1990 low: ***** 09 11 90) 1990 low: 1079 50 (11/10/90) 1989 hfh: *****0 28/12
      209 words
  • Page 18 Advertisements
    • 1657 18 ~p IN THE MATTER OF I ""SLEX HARVEY NOTICES ind p?™t e l (l 7==========T; in the matter of (In Members' Voluntary IN THE MATTER OF N TIIK MATTKR Ol T.IK Liquidation) THE COMPANIES ACT TUP COMPANIES ACT lauptNllkN \(T ">» MEMBERS VOL UN CHAPTER 50 THE COMPANIES Al» I
      1,657 words
    • 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

  • KUALA LUMPUR STOCK EXCHANGE
    • 4129 19 Bernama BOUTS of profit-taking in the afternoon caused share prices on the Kuala Lumpur Stock Exchange to close lower yesterday although the market's undertone remained firm. The KLSE Composite Index ended 1.27 points up at 562.40 while the Industrial Index was 4.46 points higher
      Bernama  -  4,129 words
  • Page 19 Advertisements
    • 128 19 NEWS FLASH -.<■» di n vrinfi ri \ts^ Wr* M jiiA v IT MIGHT SURPRISE you to know lhat Shipping Times is the most well-read paper in the transport industry. Everyday it brings you: Bunker Reports. Shipping Agents" List. Freight Rates and a guide to port of calls of major
      128 words

  • TOKYO STOCK EXCHANGE
    • 2227 20 Reuter TOKYO ST(X'KS closcd firmer on general bullishness, although they were well oIT the day's highs due to fears of pushing momentum too far. Brokers said a wave of profit-taking was seen in late trade, but added that the mood was upbeat on
      Reuter  -  2,227 words
  • STOCK EXCHANGE OF HONGKONG
    • 2189 20 Reuter LAST-MINUTE buying spurred by gains on overseas markets sent Hongkong stocks surging across the board yesterday, brokers said. "This was not related to the end of the war, which has already been discounted, but more to gains on Wall Street and
      Reuter  -  2,189 words
  • Page 20 Advertisements

  • REGIONAL STOCK MARKETS
    • Brisk trade in oil stocks lifts Aussie market
      • 1028 21 BRIGHTER PROSPECTS for lower world inflation after the end ot hostilities in the Gulf pushed the Australian share market to a firmer close yesterday. However, brokers said mixed company profit results and caution on the Japanese stock market kept a rein on buying. "Our market and New York are
        1,028 words
      • 608 21 PHILIPPINE shares rose yesterday as the market reacted positively to the declaration by US President George Bush that coalition forces had achieved victo- ry over Iraq in the Gull war. brokers said. The Manila Stock Exchange Composite Index broke a two-day slide as it increased 16.34 points to end
        608 words
      • 366 21 IN WELLINGTON, leading shares closed higher yesterday on overnight gains on Wall Street, although news that the Allied forces would suspend Gulf combat operations came too late to influence the afternoon session, brokers said. Business remained reasonably thin and the market was boosted by selective buying of leading
        366 words
      • 746 21 SEOUL share prices edged up in active trading yesterday on the back of the news of a cease-fire in the Gulf region. The Composite Stock Price Index of the exchange, which fell for the past two days, gained 3.86 points to close at 675.57. Advances led declines 393 to
        746 words
      • 370 21 TAIWAN share prices surged in early trading yesterday as investors were inspired by gains in foreign major markets. But last-minute selling pulled the index lower to finish off its highs. The Weighted Index rose 163.55 points, or 3.4 per cent, to finish at 5.033.37 compared with Wednesday's 4,869.82 close.
        370 words
      • 1149 21 tangkok 57 Feb Baht VoRtJO) J. PlastCo +100 2382 Jucon 566 .merican Standa 457 isia Credit 140 -4.00 7782 ksia Hotel 79 5.00 56 tsia Sec. Tradi 70 .50 ***** lyudhya Insuran 305 10.00 1163 tyudhya Investm 116 2.00 3526 lyudhya Life As 355 tangkok Bank 371 -6.00 1222 tangkok
        1,149 words
      • 384 21 H H 27 Index In local currency S day S year change change In S$ day year change change In I S$ S day S year change change WWId |EAFE K.uropc Pacific 1 ar Fast 398.4 524.0 407.2 *70.9 11 34.7 0.1 4)4 0 3
        384 words
      • 100 21 INDICES TURNOVER CkM« Feb 28 Pro M»us SYDNEY All Ordinaries Index Ml Industrials Index -Ml Resources Index Turnover (million) 1,404.6 2.215. J 78 9 3 87 31 1.390 6 2.194 9 780.4 66 96 4-14 0 20.4 +-89 20 35 BANGKOK SET Index Turnover (million baht) Closed 769 13 3.900
        100 words
  • Page 21 Advertisements

  • WORLD STOCK MARKETS
    • Dow gains 24 points in volatile trade
      • Article, Illustration
        1231 22 NEW YORK stocks gyrated in hectic trading on Wednesday but ended the day with a strong gain after an earlier rally had been wiped out. Traders said short-sellers drove the market sharply lower, and then buyers rushed in to pick up bargains, propelling the market up in what
        1,231 words
      • Article, Illustration
        719 22 LONDON share prices rose on Wednesday, buoyed by the rally in Wall Street as the allies freed Kuwait and Iraq indicated its willingness to comply with United Nations resolutions. A half percentage point cut in Britain's base lending rate to 13 per cent on Wednesday morning helped the market.
        719 words
      • 258 22 DUTCH shares reversed early losses on Wednesday to close firmer in broader trading volume, helped by a cut in British interest rates and professional short covering. The CBS General Tendecy Index closed at 88.5, up 0.3. The half point cut in British base rates helped the Dutch bond market,
        258 words
      • 272 22 IN FRANKFURT, scattered sharp gains helped the share market recover from early lows and end 0.5 per cent higher on Wednesday. Dealers said a jump in the price of metals firms Preussag and Metallgesellschaft had helped the market to find a floor at around 1,540 DAX points. This had
        272 words
      • 268 22 SWISS shares recovered from early losses on Wednesday and closed slightly higher in moderately active trading. Dealers said buying interest picked up at lower levels underpinned by an upturn of the German share market and Wall Street's firmer opening. The all-share SPI Index rose 6.8 points, or 0.67 per
        268 words
      • 134 22 PRICES on the Stockholm bourse recovered from an early dip on Wednesday and closed at a new high for the year in busy trade, helped by strong liquidity and sharp gains in Volvo shares. The Bourse General Index rose 0.42 per cent to 1,055.00 in high turnover of 547
        134 words
      • 417 22 IN JOHANNESBURG, gold shares resumed their recovery on Wednesday, climbing further off Monday's lows following a modest rally in world bullion prices to around US$36O an ounce over the past two days. But dealers described volumes as thin, adding that the rest of the market was generally lifeless in
        417 words
      • 174 22 ITALIAN stocks recovered slightly to close above earlier lows on Wednesday, but the market showed little enthusiasm for Gulf developments and volume fell from Tuesday's 225 billion lire. Brokers said the Iraqi army's defeat already had been discounted by the market, which appears to have been overbought in recent
        174 words
      • 242 22 FRENCH share prices closed emphatically higher on Wednesday as a British rate cut, arbitrage buying and a recovery in the bond market reversed steep falls in early trading. "There is a lot of buying and selling from each other. Thursday is the options expiry date," one trader said. The
        242 words
      • 241 22 TORONTO stocks on Wednesday trailed sharp gains on Wall Street spurred by programme buying in New York and a rebound after five days of heavy losses, traders said. "The important thing is everybody is positive," said analyst Joe Ismail of Security Trading Inc. The Composite Index gained 23.68 to
        241 words
      • 133 22 Brussels Feb 27 Francs FORWARD MARKET Accc 2655 +35 Arhcd 3635 -65 Astur 1086 -30 Brascan 528 f 16 Canpac 588 -6 Cock 160 unch [)c Beers 720 unch Ebcs (ib-lnno-Bm 1204 +4 Gcvaert 7300 -150 j Cir Bru Lamb 3650 f45 Hobok i Petro ***** +125 I I Ryl
        133 words
      • 89 22 INDICES TURNOVER Feb 27 Close Previous NEW YORK Dow Jones NYSE Financial SAP 500 Turnover (million) 2.889.11 141 86 367.74 211.4 2.864 60 +24 51 140 09 -1.77 362 81 +4.93 164.2 +47.2 LOMOON Financial Times 30 FTSE 100 Turnover (million) 1.877,8 2.3480 598.5 1,855.0 2,322.2 502.5 22.8 25.8 96
        89 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1215 23 FOREX MARKET REPORTS THE CEASEFIRE in the Gulf took the US dollar lower yesterday as dealers sold off long positions and took profits after an earlier rally on hopes of peace. "Markets had factored in an Allied victory
      1,215 words
    • 417 23 Cross rates IJSS S$ MS l>m Yen SKr AS N/S US$ 1.7265 2.7175 1.5200 132.20 0.5210 1.3130 1.2731 ***** S$ 0.5792 I 5740 0.8804 0.7657 ***** 0.7605 0.7374 0%6I MS 0.3680 63.53 0.5593 0.4865 0.1917 ***** 0.4685 0.6138 Dm 0.6579 1.1359 1.7878 86 97 0.3427 0.8638 0
      417 words
    • 164 23 Reuter THE Bank of Canada expects the rate of increase of the narrowly-defined monetary aggregate Ml to be higher than in recent years, a senior bank officer said. The official said because of the decline in interest rates that has already occurred, the rate
      Reuter  -  164 words
    • 373 23 Interest Number Indicative Gross Maturity Yeer raised Coupon Amount of days of middle price redemption rat* (%P»> (Vn) payment dates accrued Interest (excluding accrued yield (*P«) Interest) 1.4.91 N*****0E 1989 47/8# 500.00 1/4 1/10 150 100.25 1.99# 15.4.91 Loan 1 1976
      373 words
    • 1285 23 SIMEX EURODOLLAR it Open High Low Sett Est Vol Op/lnt Vol Mar 91 93.14 93.15 93 13 >3 14 2372 liin 01 Q 93.30 93.28 93 28 6500 ***** ***** jun 7i tj.ju Sep 91 93.13 93.13 93.11 93 .11 Dec 91 92.72 92.72 92.71 92 .72 IB
      1,285 words
    • 569 23 Interbank rates SS Bid Offer Overnight 4 3/4 4 7/8 1-month 4 11/16 4 13/16 2-month 4 11/16 4 13/16 3-month 4 11/16 4 13/16 Overnight mode: 4-13/16 US$ Bid Offer 7 days 6 9/16 6 11/16 1 month 7 7 1/8 2 months 6 13/16 6 15/16
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  • COMMODITIES
    • 342 24 AFP AUSTRALIA'S sadly depressed wheat industry received another much needed boost with confirmation on Wednesday of a major order believed to around Asloo million (Ssl33 million) by the Soviet Union. Soviet ships have already arrived to begin loading their largest shipment of Australian
      AFP  -  342 words
    • 227 24 Reuter AFRICAN coffee producers favour reactivating an export quota system, and fear the lack of one will cause irreparable harm to their economies and the coffee industry as a whole. "We in Africa are reeling under the pressure of the (coffee) price collapse," Elijah Mwangale,
      Reuter  -  227 words
    • 117 24 Reuter US EXPORTS of agricultural products in fiscal 1991 arc forecast at US$37 billion (Ss63 billion), down $1.5 billion from the November forecast, the US Agriculture IX'partment said. The fiscal year 1991 export volume, at 131 million tonnes, is 8.5 million tonnes less than the
      Reuter  -  117 words
    • 835 24 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market slipped one sen to M$ 15.03 per kg in light trading. Dealers said the market closed easier despite a higher close on the London Metal Exchange overnight because of weak fundamentals. At
      835 words
    • 1511 24 Rubber Kd> 2» HAS (fob in bites) S ivnts/kg Noon ("lose Int I RSS Prompt mT75/I42 75N 141 25/142 25N Inl I KSS Mar 91 143 50/***** 143 00/143 50 Int I RSS Apr 146 25/146 75 145 50/146 00 Int 2 RSS OP 141.50/143 50N I4I00/I4300N Int 3
      1,511 words
  • Page 24 Advertisements
    • 707 24 NOTICES I IN rut MATTER OtrHH COMPANIES ACT. CAP *1 ANI) KOHIN DKHH.ING OH-MIOKt (PIT I I I I) (Members' voluntary Minding-up) Noiici: is hbki:by CilVI N that the creditors ol the ahovenameil Company. w Inch is being wound up voluntarily, arc required oil or he tore I April I
      707 words
    • 746 24 IN 110 MAI UK Ol 1 IHI COMPANIES AC I CAP. SO Pursuant lo Stition M HH ROBIN DRUM,INC. OFFSHORF (PIF) til) (In Members' voluntary winding up) \t .in Extraordinary Cifmral \Uvtinn ot the almvrnanifd omp.inv duly < imvriHil .imlh»-kl.it I Marine I'aratk(<■ntr.il <#«>/ Ninn.i|>orr I VI lon Friday. 11
      746 words
    • 11 24 Your search (or EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 1101 25 Ci *y Flight ETA Flight ETO W>u Dhabi GA894 OOIO GA890 2225 GA970 2335 GA976 2340 Adelaide Qe7 1750 SQ227 21 30 Amman RJ182 1400 Amsterdam K1835 1505 SQ42 OlOO SQ23 1815 KL836 2150 SQ24 2215 GA890 2225 Athens SQ45 0805 SQ24 2215 Auckland NZJ5 15.10
    1,101 words
  • THE TRAVEL PAGE
    • 700 25  -  LETTER FROM NEW YORK By Glenn Collins Three years after its first mammoth extravaganza drew almost as much criticism as applause, the New York International Festival of the Arts unveiled its plans on Tuesday for a second, more modest cultural celebration. This year's festival
      700 words
    • 145 25 As at 27.2.91 Ixical dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3460 1.3660 Canadian dollar 1.4820 1.5020 NZ dollar 1.02 1.050 Sterling pound 3.3100 3.3400 US dollar 1.7220 1.7370 local dollars to 100 units of foreign current*) Austrian schilling 15.90 16.90 Belgian
      145 words
    • 74 25 Duration Title Venue Organiser Tel Feb 27- Photo. Cine and Zurich. /u%pj *****5055 March 4 Video Exhibition Switzerland in Zurich Feb 28- International Stuttgart. Stuttgartcr Mew 4V~I125N l J-«i March 3 Trade Fair for Germany Und Kongros Blinds and Sun Protection Duration Title venue urganiser iei Feb
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  • Page 25 Advertisements
    • 41 25 Kokkola? It's the real thing when you book Finnair. With a superb twice-weekly service from Singapore direct to Helsinki and then on to everywhere in Europe from Kokkola to Co-Copenhagen. Call *****77 for details. We know Kuiupe fnrni start to Finm>h
      41 words
    • 45 25 Dear Finance Minister People from all walks of life say what they would like to see in this year's Budget. The minister will unveil the Budget in Parliament later today. i Wk Th® latest news and much more. From lunch lime tftww Monday to Saturday
      45 words
  • Page 25 Miscellaneous
    • 352 25 7 A misalliance sure to dis- IV appoint sporting fans (4. 5) F I I I I I 1 8 One who lays his cards on l*J~~ 1 lH| the table 10 Popular ruler of Holland presiding over a hive of ■I ||H fIH 11 Louis XIII's wife upset the
      352 words
    • 221 25 Singapore Outlook: Showers over man> areas in the afternoon and earl) eu-ning. Forecast: Maximum temperature 31.6 Assoc humidity 68% Minimum temperature 24.TC Assoc humidity 96% Hours of sunshine 6.30 Rainfall in mm 17.*# Rainfall this month 45.5 Rainy days this month 8 World forecast Asia-Pacific Hi/1 Cond. Auckland 23/16 Fair
      221 words
    • 16 25 T j IT Remus/DS me OF nne mte.foßDY Tneßeis on^t" 1 Tr G€R I I p^eo^THar^sTE^^
      16 words

  • 594 26 Govt announces move to tighten money supply AFP LEADING Indonesian banks raised interest rates on time deposits yesterday after the government announced its intention to tighten the money supply to curb inflation and clamp down on foreign currency speculators. The move was
    AFP  -  594 words
  • 247 26  -  THE GULF Reactions to Gulf ceasefire By Lilian Ang AS the Gulf war draws to a close, businessmen in the Middle East are actively seeking trade opportunities with their counterparts in Singapore. The Arab Business Centre (ABC) in Singapore, which acts as a middleman between
    247 words
  • 402 26 BUSINESSMEN from member countries of the anti-Iraq coalition fighting in the Guli will be given equal treatment as those from elsewhere in post-war business deals with Saudi Arabia. Saudi Arabia's minister-of-state. Sheikh Mohammad Ibrahim Mas'oot, said yesterday that the kingdom had a free market
    402 words
  • 358 26 Agencies. THAILAND'S military junta has ordered all banks to report the financial assets of leading politicians of the ousted government of prime minister Chatiehai Choonhavan, a military spokesman said yesterday. The junta has established a committee to investigate how leading
    Agencies.  -  358 words
  • 220 26 KUWAIT Petroleum Company (KPC) has resumed processing crude oil here, the first time it is doing so sinee last August, just before a I nited Nations-imposed trade embargo was effected. Because the national oil company has no access to its own crude oil, it
    220 words
  • 625 26 Budget likely to evoke sigh of relief BT Comment NEVER MIND if it rains or shines outside Parliament House today. Budget Day 1991 will still be brighter than usual, thanks to the dramatic end of a destructive war. Just months ago there were very real fears that the mayhem in
    625 words
  • 397 26  -  From James Shyong in KUALA LUMPUR MALAYSIAN prime minister Datuk Seri Dr Mahathir Mohamad said yesterday the concept of Malaysia Incorporated has caught on in the country despite the initial scepticism. The newly-formed Malaysian Business Council (MBC) has set a 30-year target
    397 words
  • Page 26 Advertisements
    • 368 26 Nikon The World's Finest Photographic Systems It happens to all of ui. We find ourselves unable lo speak up when we really need to. We remain in the ranks of the "silent majority" the people who are never heard from while others dominate both thinking and action. And we don't
      368 words
    • 212 26 I \NJ()N(i PACiAR and he'll mlrodncc >ou to a analysts have to say about tourist haunt or ghost town? yaeht your current account the I S stock market. Alter all the hype about can refuse. C urrencics: back to conserving the Tanjong I'agar Opinions fundamentals area, it appears that some
      212 words
    • 160 26 Nikon The World's Finest Photographic Systems m Seminar I The 1991 Budget And Current I Developments In Taxation I The 1991 Budget is scheduled to be presented to Parliament on Friday, 1 March 1991. The aim of the seminar is to provide a briefing on the main taxation provisions of
      160 words

  • Shipping Times
    • 369 27  -  THE GULF mmm By Rahita Elias THE INTERNATIONAL shipping market, which had been subject to wild swings during the Gulf crisis, is likely to stabilise with the end of hostilities in the region, says a senior industry official. Speaking yesterday at a seminar
      369 words
    • 288 27  -  By Khaidir Abd Majid HYUNDAI Merchant Marine Co (HMM) will start a fully containerised intra-Asia service and extend its transPacific container trade to Malaysia, with weekly calls at Port Klang and Pasir Gudang beginning from the middle of next month. Singapore-based HMM general manager
      288 words
    • 252 27 Reuter BANKERS to debt-strapped Adelaide Steamship Co said on Wednesday they are confident of reaching a deal to roll over the group's debt and allow a major corporate restructure to go ahead. "Banks substantially have agreed to the proposals set out some time ago." said
      Reuter  -  252 words
    • 191 27 AFP SINGAPORE Airlines wants to increase its service to Paris from three to "tour flights a week" at least, the airline's manager in France, Raja Segran. said on Tuesday ahead of a new round of talks with the French carrier IJTA. The negotiations are
      AFP  -  191 words
    • 491 27 Reuter THK WOKI.D's biggest man-made port and the nearby Jcbel Ali free trade /one in the desert outside Dubai City aim to become a springboard for rebuilding Kuwait and Iraq. "I believe Jcbel Ali will play a major role after
      Reuter  -  491 words
    • 355 27  -  By Selva Kumar ALTHOUGH hunker prices have dropped to last year's pre-Gulf crisis levels the Asia North America Eastbound Rate Agreement (Ancra) has decided to retain its current bunker adjustment factor (BAF) surcharge for March. Ancra announced from the US that it
      355 words
    • 273 27 Bernama THE PROPOSAL to turn the Royal Malaysian Air Force (RMAF) base in Butterworth into an international airport augured well tor the development of the country as a whole, Mentri Besar Tan Sri Ramli Ngah Talib said on Wednesday. He said the proposal
      Bernama  -  273 words
    • NEWS SUMMARY
      • 73 27 ALASKAN and federal agencies agreed with Exxon Corp on a "frajncvyorV to settle damag*#iaims ansing from the natioifs worst oil spill, said Alaska Attorney General Charles Cole. Back from a week-long trip to Washington. DC. where he negotiated with federal and Exxon officials,
        73 words
      • 48 27 WITH the setting up of the Code of Shipmanagemcnt Standards, the Ciroup of Five is ready to throw open its doors to other members. But how interested are other companies in this new industrywide association and code? Page 2
        48 words
      • 37 27 THE SURVIVAL of eastern Germany's largest shipyard depends on whether the Soviet Union is prepared to pay for orders it has already placed, according to a senior company official Back Page
        37 words
      • 36 27 THE European Commission said on Tuesday it had approved plans by German aerospace group MBB and state-owned French group Aerospatiale to create the world's second largest helicopter manufacturer. Eurocopter. Back Page
        36 words
    • LOG BOOK
      • 59 28 LLOYD'S of London on Wednesday slashed insurance rates tor marine and air cargo travelling to many Middle East locations, reflecting optimism about the end of the Gulf War. The market's War Risk Rating Committee cut the rate tor marine cargo going to Iran, Qatar,
        59 words
      • 57 28 \I»STRALIAN new motor vehicle registrations rose a sea->on.illy-adjusted 0.8 per cent in January to 43,963 from 43.629 in December, and compared with 53,625 a year earlier, the Australian Bureau of Statistics said. Unadjusted. registrations fell 13.9 per cent in January to 36.344 from 42.2u4 m De<xmber
        57 words
      • 60 28 ABOUT 4,200 gallons of fuel oil leaked from the container ship Zim California into Los Angers harbour, but the spill has been contained by booms. The Ooait Guard said the leak, which has stopped, seemed to be from a starboard fuel oil settling tank. The
        60 words
      • 61 28 SYARIKAT Telekom Malaysia Bhd's subsidiary, Telekom Consultancy Sdn Bhd, is negotiating with seven foreign parties to sell its customer automated services system, the biggest locally-made computer software package, worldwide. The negotiations with the offshore telephone companies and public utility firms would involve multi-million dollar sales
        61 words
      • 61 28 JAPAN AIRLINES CO. (JAL) said it has filed an application with the Japan's Transportation Ministry to fly a regular route between Nagoya, central Japan, and Pusan, South Korea, from April 26.*Thc planned flight will be the first service by a Japanese airline between the
        61 words
      • 65 28 HYUNDAI Precision and Industrial Co. South Korea's largest container and railway car manufacturer, has signed a US$35 million contract with the Malayan Railway Administration to export railway coaches. Hyundai, part ot the Hvundai Motor Co Ltd, won the bidding last May by the Malayan Railway Administration
        65 words
      • 72 28 ORIENT Overseas Container Line (OOCl) has reached an agreement with Santa Fe Railway to transport the carrier s occan containers to and from the US west and north-east coasts and mid-west. For South south-west regions of the country'. Southern Pacific will continue to carry its
        72 words
      • 76 28 REGIONAL AIRIfINE British Midland Airways Ltd (BMA), a unit of Airlines of Britain Holdings pic (ABH). said it has not yet begun talking to other airlines about conducting joint operations at London's Heathrow airport. "ABH has determined that it would not be appropriate for
        76 words
      • 57 28 TUGS went to the assistance of the US bulker Lltratnar on Monday night off the coast of Portugal and the vessel needs no further assistance, Lloyd's Shipping Intelligence Scrvicc said. The 83,518-dwt I'ltramar issued an urgent distress signal off Cabo Espichcl. The ship reported engine trouble
        57 words
    • 1130 28  -  With the setting up of the Code of Shipmanagement Standards, the Group of Five is ready to throw open its doors to other members. But how interested are other companies in this new industry-wide association and code? Bob Jaques reports Bob
      Seatrade  -  1,130 words
    • 617 28 I eb 25 Carbon DenvtyWater Residue Ash Alumnum Sediment "MM Inon KG M'3-i V V M M 1 M M PPM method ISO Cmac kmts Spec {25 ***** 15 0 0 10 30* 0 10* Sp»c G35 ***** 18 0 0 15 30* 010* Northern Europe
      617 words
    • 12547 36 I Ins in a list of slops loading at Singapore lor 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. Advaneed dates are published for a
      12,547 words
    • SHIPS IN PORT
      • 566 43 fettd N» Berth Afrtvd Depart** Ktppel Wharves Kamaleverett 6W K30 alongside 01 03/1500 Kota Bakti £886 K31 alongside 0503 0600 Kota Eagle 2/91 K32 alongside 2802/1500 Ocean Pearl *****8 (P R29 alongside 28 02 1800 Silver Hawk3 38A H34 alongside 0403/1500 Trans F|e# 78A Ml alongside 28
        566 words
      • 1257 43 BECHMMC Of EXPORT Fa CONTAINERS AMD La CARGO Record BookSf/Bibnct Wh Voy No Etb/Btr Period From To From U 57 03/0700 2 28/1700 01/0659 01/0900 4 Ql/1200 01/1*59 01/1700 Q1891N 02/0200 1 Cancelled Anson 01W 2 28/1700 01/0659 01/0900 3 01/0700 01/1159 01/1*00 a puui., 045 02/1500 1
        1,257 words
      • 1052 43 DRY CARGO freight rates were again on the rise amid general market optimism on Wednesday, brokers said. Tuesday's news that the Soviets were to buy grain from Australia was set to keep the Pacific market busy for a while and the Atlantic also looked firmer, they said. The
        1,052 words
      • 409 43 Port Klang Berth at South Port on Feb 27: 1: Victoria Cob: 2 Monte Cristo; 3 Alam Aman; 4 Hong Leong, 5: nil; 6 Lily Maa. 7 Kin Line No I; 7A: Berpsa; J Shell nil KCT: 8 Eagle Wind; 9: Ever Gentry; 10 Alsia .North Port
        409 words
    • 414 44 Reuter THE SURVIVAL of eastern Germany's largest shipyard depends on u tether the Soviet Union is prepared to pay for orders it has already plaeed, aeeording to a senior company official. Shipbuilder Deutsche Maschinen und Schiffbau (DMS) is already fighting for its life and
      Reuter  -  414 words
    • 307 44 Reuter THE European Commission said on Tuesday it had approved plans by German aerospace group MBB and state-owned French group Aerospatiale to create the world's second largest helicopter manufacturer, Eurocoptcr. Commission officials said an enquiry into the deal was the EC executive's first involving the
      Reuter  -  307 words
  • Page 27 Advertisements
    • 257 27 SWEE HENG METAL CO PIE LID H TUAS Ave 14 SINGAPORE t»y TtLfc* W3 ***** StiMCPC TEL: 861 5855 15 TEIfFAI Ml 2iM# k WIOWW T«fqw< sira:*ro«r. iuuisu Conv«l(X lIIAIIANO, INOONKtIA l»m« LPO nmirrMt <^*mnm wist* Ulifrn w«r*»KX/«* Truck# Cvmitmi) P«Mt Trucks AJsoOuy.Mrt. rental trap** BRITISH OtaiGW INNOVATION GERMAN OOAUTY
      257 words

  • Page 28 Advertisements
    • 204 28 FAR EASTERN FREIGHT CONFERENCE SABAH, BRUNEI AND SARAWAK FREIGHT CONFEREHCE FAR EAST/GULF OF ADEH AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS Congestion Surcharge rhe member Lines of the above Conferences have been monioring the berthing situation at the undernoted ports and have eported and agreed on the following:— Hodeidah
      204 words

  • Page 29 Advertisements
    • 2016 29 tmm BHH shipping agencies .10 Cantonment Roj'l #12 OS Soulhpomt. Si-uapo<e U2OB AlllFr ieux no rs 2*l/9 irnnw urminal cfs r«n *****1s 220 EVFAAAfIrI BOOKINGS TH <2002J4 258 L wWQT M PESAKA IARDINE SHIPPING AGENCIES PORT TEI *****18 TELEX MA***** MA ***** PENANG Tfl 6?41« TELEX NO VA4OG73 CPS TEL
      2,016 words
    • 1306 29 INDEX TOMWRTjSERS Pa*- Col Fane Col ml ol.loyd TricMiiH) 4 1/2 L I .ucky Seaway 15 j ,i c l.ykcs l.incs 5 I AM (ontaincrlinc 13 5 Accord <»roup K 1-3 |J NFS 15 I I 1 Ahrcnkicl Liner 16 3 Mac-Nek Agencies 14 1/2 Albaltus Sea-Air 14 3 Mainline
      1,306 words
    • 2492 29 NEXT SHIPMENT TO U.S.A. MARIT MAERSK V. 9104 ETA 5/3/91 Vmml Vay ETA I ETO 'Port 'Pwiang DESTINATIONS Singapore Kelang VM «fe<i Manl M4ersk 9*04 Ffftler t>y v 3 0600 hps fvco 1 Hi mMI HHH HI crs 3 }W» MRS M Tau'o OAK LGB MOU MEM ATI MIA CHS
      2,492 words

  • Page 30 Advertisements
    • 1503 30 rage 4 BTBTPPPpnvapni w »V*f i ■A■A■ A m y M A I HOTTfOAM j VOV NO SI'OHI SOUTHAMPTON HAMBUHG AMWtHP 1 1 lIAVRt jfiSjfijS] OSAKA BAY < 24/3 IZMI3 CITY OF EDINBURGH 94/524 4 J 21 3 25/3 22'3 M[ll(ullin HONGKONG EXPHESS 99 109 //3 28 3 26/3 25/3
      1,503 words
    • 607 30 dSsnmar miM r DIRECT SOUTH PACIFIC SERVICE J SIN NOU SUV PPT ->»■ \sp\< i jR-n/i 11/1 \?J* ALSO ACCtPTINC CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA K NUKUAIOAfA DIRECT CHILE SERVICE SIN lOti ANf VAP CALI AO SAN (PERU) ANTONIO SEASPAC I 26-P9/3 2/5 3'5 f'S 6/5 8/5
      607 words
    • 1235 30 &MMM REGULAR INDEPENDENT FULL CONTAINER SERVICE ANNOUNCEMENT NORASIA LINE Notice is given that w.e.f. Ist April 1991, all westbound rates will be increased by US$2OO per teu. The following services affected by the rate adjustment are. Singapore to North Continent/United Kingdom Singapore to West Mediterranean Singapore to East Mediterranean Singapore
      1,235 words

  • Page 31 Advertisements
    • 1982 31 SfjgSteamers Maritime Holdings Ltd P&O Mil STRAITS SHIPPING Wp»v Containers MLMF w Voy Mo PKl»n|| S'POM S''l*l M'bulf B'SanCTI R"dam IHI irrfPT* HI If ran c OSAKA BAV 98.V? fBSt»2«,IH 0103 140J 20,03 23,03 M.«ri» UUt »All» Cir* IDINBURCM 34,524 TEX 27,02 J«,(B |?103 22,03 24,03 CABGO BINTANG SERIA VIBE
      1,982 words
    • 1620 31 TO; g.g.A./PANAMA FM: U.S.A./PANAMA sp o** ice cm roe saw no# ntc nyc no# sav cri ice oak sp AMERICAN SI NATO# Ef 109 M J 4 5 4 111 4 114 214 JAPAN SENATOR WA IIK 71/1 7J/I »1 »1 111 %ll 1/1 CMOTANC VIUORT EMKI lul 171 214
      1,620 words
    • 391 31 mmnmm STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL CHAMPION COSMIC COSMIC COSMIC TRADER CHALLENCER TRADER PIONEER (2nd Call) VOY NO IS 5 16 16 S pore 4 3 Si 3 14 3 16 3 P Kelang 6,3 12 3 18 3 Penang Yangon Mongla Chittagoog i Calcutta
      391 words

  • Page 32 Advertisements
    • 813 32 P9BBB CR NBR **********0 D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL VOY S PORE ROAM ADAM H BURG BREMEN ANTWERP TRIAS UNIJYULY/B 13 3 13 4 18 4 21,4 SHIWIIAYA IIWB jfl.l j 6 5 12 5 16 5 205 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sub|ect to Inducement
      813 words
    • 999 32 i$L M. HAWJIN SHIPPING S nnrtk IfH RTM AfUR HAM RDU ffl FEEDER VSL SIN LINE HAUL LAX OAK HANJIN LONGBEACH 032* i i -'1 I 22 i .'1 >2i i 25.1 A "J*"* if] DIREcT"*' HANIIN OAKLAND 012* 10) 28 3 I I SJi 11 2 4 HAN N
      999 words
    • 1654 32 JMgJgjTgJTgg™ PPKI SCP HKG KSG KIC PUS MKT OSK HQV SIM T*o LAX CHS SAL NTC LHV ANW RDM fHP HBC PSO C*B PKL SCP IPL 03/ 131 14 i I*l 221 ft 211 ft 3 30 3 31 3 1 4 U 4 :»1 ft 4 «4 i ib
      1,654 words

  • Page 33 Advertisements
    • 1730 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: V UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA PAK SERVICE-- *****18 FAR EAST SERVICE *****48'. ML TERMINAL OFFICE *****22 DOCUMENTATION DEPT: *****44/ *****14 CFSK27—IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 K^. P (O3) E 26l^? M p > Kel^n^(Ca A
      1,730 words
    • 1100 33 m 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 I (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EAST BOUND LP APING FOR WESTBOUND vtssus voyage Isporc |v«v.»|h*ong ~vor*« spore pkiang hburg pbhaven
      1,100 words

  • Page 34 Advertisements
    • 1548 34 f !2 K line K WASAKI KIM.N KMSIIA. II I > j EXPORT N. AMPPir* PACIFIC SOUTHWEST "7 IMPORT N AMERITA PACIFIC SQUTH-WBT _7 FEEDER VESSEL wot *INUO *PK PNG I SUP MO I HER VE»EI VOY IB OAR LMI 7/ VOI HUUS LBOAKJ«J I#""RWANIA IS l»/ j j /V«.
      1,548 words
    • 1256 34 PHILI-ORI€NT LIN€S PTC LTD 108 ROBINSON ROAD *0/ 00 GMG BUILDING SINGAPORE 0106 TEL *****22/2238 /69<2251 800 TELEX RS 28/20 PHILI HAX 225b6/6/*****38 W-v BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBLR OF SINGAPORE FREIGI IT FORWARDERS ASSOCIATION I 3 MAR MONTREAL, Ottawa, toronto, I
      1,256 words

  • Page 35 Advertisements
    • 1528 35 agSSsPff PACIFIC INTERNATIONAL LINES (PTE) LTDi *****55? JJb mm P,L BuikJing, 140 CeciJ Street »03-00, Singapore 0106. j JAKARTA I 1 BANGKOK VESSEL VOV SIN JKT SIN INGENUITY *S ToTs EOEN 9109 5/3 711 PEGASUS PROGRESS 657N S/3 8/3 12/3 GOW 9,04 8/3 SEA GLORY 9108 8/3 9/3 14/3 KOTA
      1,528 words
    • 1072 35 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m AiA ax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY SPORE PKLANG j S HAMPTON I HAMBURG B HAVEN R DAM L HAVRE Osaka Bay* 98/522 1/3 I 20?3 24/3 V A RD
      1,072 words
    • 99 35 HKS ASIA COSTAISER SERVICE I ""Spore B'hofc Pegasus Progress V657N 3 4 Mar 7-8 Mar Ingenuity VI22N 2-3 Mar 6-7 Mar Pegasus Progress V6SBN 10 11 Mar 14 15 Mar Ingenuity VI23N 8-9 Mar 11-12 Mar General Agents: Tel *****22 Ben Line Agencies (S) Pte Ltd Fax: *****63 (National Carrier
      99 words
    • 331 35 M MYANMA FIVE STAR UNE v\ (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg HPA AN VI6OW 2 4 Mar MYOMAY#A VI33W 2/4 Mar MERCUI VIO4W 5/7 Mar 2 4 Mar THE BANK LINE (A Mrvlc* ot Andrew Wvir Shipping) SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILTTY
      331 words



  • Page 38 Advertisements
    • 840 38 TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 3/3 9/3 LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HAMBURG MANCHESTER LE HARVE AND ALL EUROPE INLAND DESTINATIONS FAR EAST pour KELAMG 8/03 15/03 MANII A 7'03 A 14/03 PENANG 8/03 15/03 BUSAN 9/03 16/03 BANGKOK 3'03 7<03 TOKYO 7/03 8. 14/03 HONGKONG 403 9/03
      840 words
    • 1083 38 rr DSR-SENA TOR LINES Round the World Container Services OUTBOUND LOAD DISCHARGE INBOUND LOAO OISCN I VESSEL VOY SIN FLX ]BRV !NAM HTM ART IMA j VESSEL VOT HAM jITM [mi TFLI TMTT TLWA M ITHUERINGEN VMM 108 01 03 3003 29 03 |2/ 03 31 03 AMERICAN SEN EEIOS
      1,083 words
    • 246 38 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETD LOADING FOR OELI INDAH In Port 282 91 PK BALAM NAGA JAYA DOCK LAMPUNG JAVA 43 91 5.3 91 PANJANG PALEMBANG PINANG JAYA 5391 6 391 PANJANG PERITA JAYA 6 391 73 91 PANJANG PALEMBANG ARADI
      246 words
    • 1568 38 9 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE SINGAPORE S GENERAL AGENTS COSTAR SHIPPING PTE LTD TEL *****00 (SINGAPORE) INDONESIA S AGENTS P T GLOBAL PUTRA INDONESIA MARITIME TEL *****82 (JAKARTA) MALAYSIA S AGENTS CHUNG CHIAO SHIPPING SDN BHD TEL *****91 (KL) *****1 (PENANG) GUAN GUAN SHIPPING SDN BHD
      1,568 words

  • Page 39 Advertisements
    • 731 39 NIHON-ASIA I CR **********0N TEL: *****22 FAX: *****86 TO ALL OUR VALUED CUSTOMERS, FRIENDS AND BUSINESS ASSOCIATES... ANNOUNCING THE MERGER OF NIHON ASIA SHIPPING (S) PTE LTD NAN SHIN SHIPPING AGENCY EFFECTIVE 1/3/91. WE ARE NOW CALLED MC PAC FREIGHT EXPRESS AT: 15 McCALLUM STREET #06-03 NATWEST CENTRE SINGAPORE 0106
      731 words
    • 295 39 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) l\ ETHIOPIAN SHIPPING LINES y (National l ines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL •VI ssi I VOV EIA IOAIMWi ron SFD4II lABUAV ,'BWU 10/04 OARtSSAI AAM MOMBASA UJIBOUII ASSAM MMIMM »NEISANEI
      295 words
    • 836 39 MASKAPAI PELAYARAN P«PULAU LAUT FUUY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY WEEKLY FIXED DAY SCHEDULE BETWEFN 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
      836 words
    • 541 39 SYDNEY/MELBOURNE BANGKOK VESStt VOY SPORE SYD Mil vl SSI I SINGAPORE r PIANETA 0746 02 03/3 J16J18,3 70 71 I MAHA MMM# S.t i PtYA BHUM 0302 ISJ6/3 20-30/3 0H>3,4 WAP«A BhuM.-j* MM To. PLAN*TA >447 02 03/4 15 17 4 19 201 stRI BHUMa lAN 1m P.KELANG/PENANG/KUANTAN mmm MANIA
      541 words
    • 396 39 TO AUSTRALIA/NEW ZEALAND VSL Sin jFrem Melb Syd B" b Autk Direct Kea V99IS 5/3 Ju 3 |16/3 18,3 21,3 27/3 Piya Bhum V 0302 15/3 1 4 28 3 0 KooMbjrra V993S 15-4 21,4 26 4 28,4 1/5 7/5 TNT E«press V 269 26 4 2 5 8 5
      396 words

  • Page 40 Advertisements
    • 1158 40 MAC-NELS SINGAPORE 1 "port tel: *****22 1 1 import tel *****02 NANG TEL (04) *****6 IKK U.l (1)89)/ PM l ANG IEL (03) 368?8// IkUCHINC. m Tl 09) ***** I~lW\ IIJ BAHRU TEL: (07) *****2 IsißU TEI 084) iAWKEI TE 84 *****8 :=r' JAKARTA TEL: (21) *****32 SEDAN TEI JOBI)
      1,158 words
    • 373 40 i— BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI "ftTi.y containKßlSKl) monthly saiungs I mSCHAROINO AT NFAV PLYMOUTH PORT CHAI.MKRS AC'C'KPTINCi K l. IXLJ<}* VLTKI.ANI). NAPIKR, WKLLINCiTON. BLUH-. CIIRISTCIIURCH. YTTKI.TON. INVKRCARC.IL, FIJI AM» TAHITI SIN N PIV AUCK l*T PROSPECT 11S I Mir 1« Mar Via NPI tSffiS*
      373 words
    • 1149 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 VESSEL VBT lETA I PEST VESSEL VIT ETA !»I KIM SOON LI 7/91E 01 MAR PENANG
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  • Page 41 Advertisements
    • 893 41 >ffc*\ COMPANIA PERUANA yKJI 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 Pen-ing* P Heljng Singapore E Msu ROSEEVERETT InPt.'O? Mar SHAPLAEVERETT 12 14 M.ir 15/17 Mar KAMALEVERETT 2/ »Mar JO Mir 02
      893 words
    • 567 41 »—w m —m I V iii I I vii [VOY |s PORt ]nainunlr iaxlkst |sav~ [Nrt ]hix I 2IM MELBOURNE NIE 1 i JIM IALIfORNI* II 12 4 hi IM HI LEfWARD H "j /IM SAVANNAH 1)4 23 4 V 4 rt4 IS ZiM EILAT ME lb 3 2IM SAVANNAH
      567 words
    • 819 41 SING KWANG HANtfl SHIPPING 4 TRANSPORT A HON (PTf| LTO WEEKLY LCL/ECL SERVICE VESSEI ISTOBE [JAKARTA UHABAVA R/ I BHUM v §2S t |OS/Q3 jt NWf VMM (i t j J VESSEL 7 S I'OhF BANGKOK A VTSSI L u)»3 06/3 06/3 DESTINATIONS ETA SINGAPORE POnr KLLANU 08 MAR MANIt
      819 words
    • 587 41 PERINTIS LINE j J| ACCEPTING ALL FCL CARGOES BF TWLEN SINGAPOHI t SURABAYA I VESSEL VOY SIN JKT SBY IAIIH 't?\ (v UJ (>5/03 I'MASt 11/\ 1 '»1 A 07/01 10/03 JAIIOIHI 09 03 I^o3 (AN TO UTAMA U5 04-03 07 03 lANTO UTAVA 147 1? 03 15 03 lANTO
      587 words
    • 455 41 Raw—i SIN m EAST 3 J KFELUNG KAOHSIUNG 9 3 BANGKOK 3 3 MANILA CEBU 9 3 JAKARTA BELAWAN SURABAYA 9 3 PORT KELANG PENANG-E. Malaysia 3 3 BUSAN 3 3 TOKYO YOKO KOBE NGO OSA 3 3 HONG KONG SIN CHINA 3 3 GUANGZHOU HUANGPU,SHENZHEN FUZHOU XIAMEN SHANTOU DALIAN
      455 words

  • Page 42 Advertisements
    • 699 42 W CB SHIPPING CfatjS MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINER/LCL/BREAKBULK SERVICE I "ANKE" SERVICE 14ft SPt IC BAR* I*l POM I Vtllf Y.nss w 1 1 V2iSB 4 1 .'4SB I "> "> PNG BUNKER SURCHARGE TCI] USD S3 B BULK SD J" LtL UM) 350 l■i na
      699 words
    • 948 42 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE K S V 01-9IW 3/3/91 "g* 22/3/91 GM V2BCW9O 3/3/91 MO VO3CW9I 4/3/91 24/3/91 25/3/91 30 3 9 VV V 02-91W 11/3/91 31/3/91 !7 r S »«< ,o as? iss" ISTANBUL CZEOMOSLOVAMA YUGOSLAVIA AUSTRIA SWI SINGAPORE/EUROPE FULL
      948 words
    • 553 42 CUJi con-wdv mTERmomS 1 LCL/FCL SERVICE FROM f\/ 0 I r—| r=i QUff apartmover 800 torrolnele/offlcee inUJSJL HI (■HB) /flß\ w CUJI maintain* over 35,000 tractors A truck*. v ii vii /n\ jcwiw over 60,000 potot* in U.S.A. IJI (jglj fliH CUJI offar reliable LO/FCL *ervk»*. General Agents >fy 7JZAAK-7/A/AT
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    • 573 42 SETH SHIPPING CORP SDN BHD MAA PT KLANG TEL 03-*****0S |6 IIMS) FAX *****11 PENAN6 TEL 04 (***** FA* 04 *****3 SKA* TEL 069 *****2 SltU TEL 064 *****2 TAWAU TEL 069 *****9 KK TEL 066 *****0 KUCH TEL 062 *****3 M'SIA TO USA/CANAOA CONTAINER SERVICE FEEDER VOY PEN PKLISIN
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  • Page 43 Miscellaneous
    • 581 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0100 ********************1400 ******************** 2000 2100 2200 2310 ft 26 26 2.3 1 7 12 09 08 08 1 1 18 26 31 32 30 26 19 12 0 7 04 03 04 09
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  • Page 44 Advertisements
    • 405 44 ICHARTPOINT Every Saturday in Business Times PT. RELAYARAN. UTIAHA SAMUDRA AGUNG POH AIK 184 4/3 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 6/3 DUMAI/PEKAN BARU TSS 01 8/3 DUMAI KUALA SIAK V 15/3 BALIKPAPAN/SAMARINDA SENGGATA (TG. BARA) 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BATAM SUMATRA PORTS Also accepting cargo
      405 words
    • 571 44 Jk HYUNDAI MERCHANT MARIHE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW WOY LBH OAK S£A —HKG SIN_ aST IT s wz 3 EHir 531 z I saasb. si s ss .s a s s «a HYUNDAI PIONEER 39€
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    • 701 44 ICHARTPOINT I Every Saturday in Business Times I Jardine MaVheson (Singapore) lid is pleased to announce effective 1 March 1991, the formation of Jardine International Movers (S) Pie Lid specialising in: Household Removals Projects Showfreight Exhibitions For further details, please contact: Jardine International Movers (S) Pie Ud 15 Hoe Chiang
      701 words