The Business Times, 6 March 1991

Microfilm: NL17466
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, March 6, 1991 75*
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  • NEWS SUMMARY
    • Article
      Taiwan's President approves 'gradual' unification plan
      65 1 TAIWANESE President Lee Teng-hui has approved a plan under which Taiwan would gradually reunify with China provided that Beijing implemented democratic reforms. No specific timetable has been set, but the plan calls for both sides to accept each other as legitimate political entities in
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    • Article
      Chemical expansion
      18 1 SINGAPORE, a regional centre for the petrochemical industry, can expect trading in chemicals to expand rapidly
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    • Article
      Hello, Vietnam
      24 1 ABOUT 40 local companies are scheduled to join a specialised business tour ot V ictnani organised by travel agent Maple Aviation Page
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    • Article
      Financial pain
      29 1 AFTER a nightmare five-point rise in mortgage rates. Indonesian home owners, bankers and construction firms are waking up to the reality ot loan defaults and bankruptcies Paseli
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    • Article
      Bad news for Moscow
      39 1 SOVIET President Mikhail Gorbachev has said that industrial and food production in his country has declined since the beginning of the year and tough decisions are needed to halt the economy's continuing tailspin Page 9
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    • Article
      EC to resume aid
      35 1 THE 12 European Community governments have agreed in principle to restore to Moscow more than USSI billion in food aid withheld after the bloody crackdown in the Baltic republics Page 9
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    • Article
      Tough budget for HK
      29 1 NO HANDOUTS are expected in the new Hongkong Budget as the British colony braces for another year of sluggish growth and unabated inflation Page 11
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    • Article
      New move for Simon
      26 1 AMERICAN playwright Neil Simon has finally found a tragic character in Lost in Yonkers, his 27th work for the theatre Page 15
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    • Article
      HK firms steaming in
      32 1 SEVERAL Hongkong-based shipping companies are expected to move their operations to Singapore following the introduction on Budget Day of new tax incentives for shipping. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      24 1 WALL STREET opened higher yesterday with the Dow Jones industrial average gaining 7.92 points to 2,922.03 five minutes after the opening bell.
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    • Article
      Bid for board places
      27 1 THE MALAYSIAN Investors' Association will seek approval from the Minister of Finance for minority representation on the boards of listed companies Page 3
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    • Article
      Cebu profits up
      26 1 CEBU Shipyard Engineering Works, part of the Keppel group, has achieved a 13 per cent increase in after-tax profits for 1990 Page 3
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    • Article
      Good engine for stocks
      15 1 MALAYSIAN motor stocks are underpinned by strong growth prospects Page 3
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    • Article
      CURRENCIES
      20 1 Exchange rates USS SSI.7340 100 Yen SS 1.2849 MS SS0.6350 Money market rates Overnight 4-5/8 unch 3-month 4-11/16% unch
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    • Article
      COMMODITIES
      36 1 London Gold AM fix USS364.30 -USS1.20 Rubber S'pore Apr.... 145.75«/kg -0.75 M'sia Apr 225.50*/kg unch KL Tin Turnover 59 tonnes->-44 Spot MS 14.92 /kg -0.05 Crude palm oil Turnover 1,259 lots -903 Mar MS866/tonne -4
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    • Article
      Footsie higher
      33 1 SHARES were modestly higher in Ixjndon yesterday. At 1209 GMT. the Financial Times-Stock Exchange 100Share Index was up 10.9 points at an intraday high of 2,393.8. Volume was 349.0 million shares.
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    • Article
      Swiss-style accounts
      16 1 SRI LANKA is offering "Swiss- style" numbered and secret accounts to foreigners. Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Tuesday Change BT-MGA 723.08 +6.79 Kuala Lumpur ...577.55 f9.72 Hongkong 3.600.49 36.15 Tokvo 25,913.48 -62.54 Sydney 1,375.0 -12.4 Monday Change New York 2.914.11 +4.21 London 2.382.9 -4.0
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  • Article
    Citicorp sells stake in insurance broking group
    525 1  -  Management buyout part of capital-raising strategy By Alvin Tay AMERICAN banking giant Citicorp, currently on an as-set-selling drive to raise much-needed capital, has decided to divest a controlling stake in its insurance broking business worldwide, including that in Singapore. The US number one
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  • Article, Illustration
    Informal talks for Asean leaders
    303 1  -  From Chuang Peck Ming in BALI ASEAN LEADERS have agreed to hold regular informal meetings among themselves, as suggested by Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad on Monday. Speaking to Singapore reporters before flying home yesterday, Prime Minister Goh Chok Tong said the
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  • Article
    Singapore's top executives highest paid in Asia: survey
    449 1  -  By Anna Teo SINGAPORE'S top management executives are the high-est-paid in Asia, according to World Executive's Digest's annual compensation survey. The Singapore CEO's gross salary of U*****,652 puts him heads and shoulders above the corporate top brass of seven other countries. But
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  • Article
    Lock icon Thai military govt reassures Hopewell
    446 1 Reuter THE NEW Thai military government has assured Hongkong-based Hopewell Holdings that it can go ahead with its US$3.2 billion (555.6 billion) rail and road system for Bangkok. "I met army commander-in-chief Suchinda Kraprayoon yesterday in Bangkok, and I was reassured that there will be
    Reuter  -  446 words
  • Article
    Lock icon Thai interim PM gets US show of support
    169 1 Reuter THAILAND'S interim premier, Anand Panyarachun, appointed by generals who toppled his predecessor, won a show of support yesterday from the United States and promised a new cabinet within days. American ambassador Daniel O'Donahue said that under US law, a US$l6.4 million
    Reuter  -  169 words
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      Page 1 Advertisements Column 2
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      Page 1 Advertisements Column 3
      26 1 0*"/M5o LEVI S BOUTIQUES »B1 €4 Wisina Alra #01-24 Tne Forum #01 -09 Sftaw Leisure Gallery #01 -41 Parkway Parade #01-19 Chinatown Poml #01-03 Tne Adelpfw
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Bouquets for Shangri-La again
        118 2 THE Shangri-La Hotel stood out again in polls done by several magazines. A survey ol 1(H) bankers by New Yorkbased Institutional Investor rated the Shangri-La ninth best in the world. The rich and the famous of the television series "Lifestyles of the Rich and the Famous"
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      • Article
        GCE 'A' level results
        77 2 THE 1990 GCE 'A' levels results released yesterday showed little change from 1989 results in the number of candidates who had at least one pass. Over 96 per cent of the candidates had at least one 'A' level pass, a 0.1 per cent drop from 1989.
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      • Article
        Fund-raising for CC
        63 2 THE Tampines East Community Centre will be launching a donation draw this Saturday to raise funds for the building of a $6.2 million community centre. The centre is expected to be ready by late 1993. Mah Bow Tan, the Minister of State for Trade Industry and Communications,
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      • Article
        New school for Yishun
        41 2 ON MARCH 15, Yishun will have a new secondary school, North View Secondary. Built under the Third School Development Programme, the school costs $7.2 million and will be declared open by MP for Sembawang GRC, Charles Chong.
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      • Article
        Broadcasting seminar
        48 2 BROADCASTING managers from 10 Asian countries have congregated at the Asian Mass Communication Research and Information Centre in Singapore for a seminar on Radio Broadcasting Management. The seminar, which started on Monday, is conducted by two specialists from the Deutsche Welle Radio Training Centre of Germany.
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    • Article
      Rapid growth in chemical trading possible
      321 2  -  Chemical Week Asia-Pacific By Carolyn Lim TRADING in chemicals can expand rapidly in Singapore, which is already an oil trading centre and has easy access to both chemical sources and markets, said Leo C van Kooten, deputy managing director of Petrochemical Corporation of Singapore.
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    • Article
      GE to proceed with engineering plastics complex
      204 2 GE PLASTICS will go ahead with its engineering plastics complex investment in Singapore despite the global economic slowdown as most of the plant's output will be for the Asia-Pacific. Groundbreaking of the US$4OO million (Ss6Bo million) complex will take place in the middle
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    • Article, Illustration
      Travel agent organises Vietnam business tour for 40 companies
      323 2  -  By Harish Mehta ABOUT 40 local companies are expected to take a specialised business tour of Vietnam run by travel agent Maple Aviation, one of the first few companies to operate tours to that country. The participants from the manufacturing, trading,
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    • Article
      Finnish group buys stake in local firms
      352 2 AN ESTABLISHED Finnish group has taken controlling interests in two local trading companies which will develop its growing business interest in Singapore and the region. Rake Oy Finland is now the 80 per cent owner of Wah Keng Trade Industry, and also of
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    • Article
      Accountant fined for giving false information
      238 2 PUBLIC accountant Lee Yoke Chow was fined S1 .(XX) in a subordinate court yesterday for giving false information to a public servant. Lee, 58, also paid $20,000 towards the cost of prosecution and paid 5150.000 to the Law Society Compensation Fund. Lee's firm YC
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      171 2 SINGAPORE FURNITURE SHOW World Trade Positively the region's grandest mrniture show featuring the best of ASEAN under one roof. With over 8,500 sq. metres exhibition space, 1 1 l£ the ASEAN Furniture Show 91 promises to be the We'll be featuring the best of furniture and \f craftsmanship from Indonesia,
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      Page 2 Advertisements Column 2
      91 2 See Singapore andhave a gourmet lunch for $28.00". Only on Saturdays. Reserve the best seat ctt Singapore's highest by the window and restaurant. Fashion take in the mqgni- Show every Jicent view./t's the Saturday from perfect complement fe" c to a gourmet lunch g i 2.00 pm. iit mat One
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Minority shareholders to fight for say in boardroom
      406 3  -  From William Chia in KUALA LUMPUR I'llE Malaysian Investors' Association intends to lobby the Minister of Finance for minority shareholders to be represented on the boards of lifted companies. MIA president Patrick Kim told BT that this was to prevent misuse of
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    • Article, Illustration
      Cebu Shipyard posts 13pc rise in after-tax
      357 3  -  By Dexter Lee CEBU Shipyard Engineering Works, a member of the Keppel group based in the Philippines, has reported a 13 per cent increase in aftertax profits to 34.1 million pesos (SS2.I million) for 1990. This works out to an earnings per share
      357 words
    • Article
      M'sian motor stocks expected to remain good investment buys
      645 3  -  MARKET TALK By William Chia MALAYSIAN motor stocks are still much in favour and market analysts have been advising their clients to accumulate more of such stocks for their portfolio. Ci K Goh Research, in a report on the Malaysian car
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    • Article
      F Lepanto shares oversubscribed
      285 3  -  From Al O Labita Jr in MANILA THE public stock ottering of a highly diversified LilipinoSingaporean joint venture company has turned out to be a "stunning" sell-out in Manila. In just a week, frenzied buyers have snapped up 250 million common shares the First Lepanto Corp
      285 words
    • Article
      Record US$58m profit for UK fund manager Templeton
      364 3 UK-BASED fund management group Templeton. Cialbraith Hansberger has turned in reeord net profits of US$5B million (SS 100.6 million) for the year ended Dec 1990. up 5 per cent over the previous year's figure. The group's healthy performance is despite a weak
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    • Article
      Drawing attention to financial futures
      414 3  -  DBS CHARITY JMViESJMENTiRAGE By Quak Hiang Whai INVF.STINCi in futures or other financial derivatives is not exactly popular with fund managers here. But Leo K F Tan, managing director of Indosue/ CanFutures, hopes the DBS Charity Investment Race will help shed light on the effectiveness
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    • COMPANY BRIEFS
      • Article
        Shell proposing bonus issue after record profit
        119 3 SHELL Refining Company Bhd yesterday announeed a record after-tax profit of M 5173.1 million (SSIO9 million) for the year ended Dec 31. 1990 and a proposed three-for-two bonus issue. This bonus issue would capitalise a portion of the retained earnings of the company,
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      • Article
        Yat Yuen director resigns
        49 3 HONG FOK Corporation yesterday announced the resignation of Jackson Lee as a director from its wholly-owned subsidiary V at Yuen Hong Company. However, he remains a director of Hong Fok which has also appointed Lim Chew Kuan and David Y L Chu as additional directors.
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      • Article
        HTP buys Hawkshare shares
        48 3 HTP NEW ZEALAND, a wholly-owned subsidiary of HTP Holdings, has bought over the entire issued share capital of 100 ordinary shares at NZSI each in NZ-based Hawkshare Holdings. The transaction was done on Feb 28. HTP Holdings is part of the Jack Chia-MPH group.
        48 words
      • Article
        Wetime raises stake in ANA
        37 3 WETIME INVESTMENTS, a substantial shareholder of ANA Hotels Singapore, has bought another 41.000 shares for 5596.694.64 of the hotel stock. This brings its total stake to 4.806.000 shares, or 10.2 per cent.
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      • Article
        SPC appoints directors
        53 3 MR CHENG HONG KOK, president and chief executive of Singapore Petroleum, has been appointed executive director from yesterday. Two other directors who joined the SPC board are Mr Tan Keng Boon, managing director of Southeast Asia Venture Investment Company: and Mr Oo Soon Hee. group general manager
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      • Article
        New appointments in BAGI
        67 3 PROPER I Y-BASED conglomerate First Capital Corporation (FCC) has appointed five directors to the board of British American General Insurance Company (BAGI). They are: Sat Pal Khattar. Quek L.eng Chan. Heng Chiang Meng. Abdul Hamid Ghani Jinnah and Seow l.un Hoo. FCC, which took over Bagi
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      • Article
        Corrections and clarifications
        51 3 IN MONDAY'S BT story entitled "Jurong Shipyard profit hits record $50.4 m", it was reported that the one per cent increase in employer's contribution to the Central Provident Fund would cost Jurong about $36 million more. The amount should have been $360,000. We are sorry tor the
        51 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      277 3 It's ANA Hotel Singapore I lor me from now on. A W ANA HOTEL SINGAPORE I .IX m,A» 1 ill- \\\l I s K s .'IM" 1.1 IJ.'J WANT TO TAP THE JAPANESE FURNITURE jgl£flEjJ MARKET? PAVILION Consultancy Services /\Cp/\|V| CI IDMITI IDC vl I Ic,lltirin« lour l«l|Mtiese( < HISIIII.HIIS
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Decision close on Jardines dispute
        70 4 A DECISION is expected in the next 48 hours on a dispute involving Jardine Matheson Holdings Ltd, one of Hongkong's biggest listed companies, and the Hongkong Stock Exchange, officials said yesterday. At the heart of the complex and long-running dispute is whether Jardines, one of
        70 words
      • Article
        Ssangyong admits guilt
        56 4 SOUTH Korea's Ssangyong Investment and Securities Co Ltd has accepted a government watchdog agency's penalty for stock price manipulation involving overseas bonds, a company spokesman said. The Securities Supervisory Board (SSB) issued a warning to Ssangyong as penalty for manipulating share prices of Samick Musical Instruments Manufacturing
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      • Article
        MIM Holdings to slash costs
        63 4 MINING and smelting group MIM Holdings Ltd said it plans to slash operating costs by US$lOO million-a-year (S$ 173 million) at its Mount Isa lead and zinc operations in Queensland. MIM executive general manager Barry Sullivan said the workforce would be reduced, initially by natural
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      • Article
        Eight indicted for bribery
        70 4 THE prosecution in Seoul indicted eight people in a housing scandal including five lawmakers yesterday, on charges of taking and giving large bribes in a private housing scandal. At the centre of the scandal was Chung Tae-Soo, board chairman of Hanbo Housing Co, who allegedly offered
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      • Article
        City Resources suspended
        50 4 TRADING in shares of City Resources (Asia) Ltd was suspended yesterday morning at the company's request, pending an announcement, a Hongkong Stock Exchange statement said. City Resources is mainly involved in mineral exploration, resources development and investment in similar companies operating throughout Asia and the Pacific Rim.
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      • Article
        Petrocorp to announce find
        82 4 A NEW ZEALAND-based oil exploration company was expected to announce yesterday it had made a major oil find in the Philippines, a company source said yesterday. Petrocorp Exploration Ltd, a subsidiary of Fletcher Challenge Ltd, is believed to have struck oil in its offshore Palawan field.
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    • Article
      East Asiatic Thailand revenue hits record high
      388 4 EAST ASIATIC Company (Thailand) Ltd (EACT) has announced record revenue for 1990. Revenue hit four billion baht (***** million), an increase of 20 per cent over the previous year, reported the Bangkok Post on Monday. The firm's net profit increased by about 173
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    • Article
      Chee Shing applies for stock listing
      306 4 CHEE SUING Foundation, one of the biggest firms in Hongkong specialising in site foundation piling, has applied for a stock exchange listing by about the end of March according to the South China Morning Post on Monday. It was reported that the specialist contractor
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    • Article, Illustration
      Lock icon Shell to invest M$9b in M'sia over five years
      470 4 Bernama SHELL companies in Malaysia, which have invested MSS billion (553.2 billion) over the past five years, cxpcct to invest a further $9 billion in both upstream and downstream projects over the next five years. In its latest monthly publication. Ih'rita
      Bernama  -  470 words
    • Article
      Lock icon Eyes on how Brierley will treat losses
      714 4 Reuter ANALYSTS arc dwelling more on Brierley Investments Ltd's balanee sheet than its first halt" net profit due on Thursday, forecasts for which vary widely. A binge of asset sales since its December 31 balance date has cheered analysts, but they now wonder
      Reuter  -  714 words
    • Article
      Lock icon Hutch Vision to operate Asian sports channel
      269 4 Reuter HUTCHVISION Ltd, the cable television arm of Hutchison Whampoa Ltd, announced it will jointly operate a sports channel covering more than 30 countries in Asia with Denver-based Prime Network International. A company statement said the channci will be distributed in Asia on
      Reuter  -  269 words
    • Article
      Lock icon S Miguel to issue ADRs in US
      294 4 Reuter SAN MIGUEL CORP has said it will launch American Depository Receipts (ADR) representing ownership of shares in the Philippine beer and food company in the US in the first half of this year. San Miguel's chief finance officer, Delfin Gonzalez, told reporters
      Reuter  -  294 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      118 4 EPOUPN HAS GOT THE NOSE FOR YOUR BUSINESS yn IPOIfON makes KPOI hiixlinrablt'. emulsitiahle and an "amphi- 'he odour which is unpleasant and I >eodori/ation of Deodori/ation of Deodori/ation <>t Deodori/ation of loilets Medical Facilities Waste-Water ta laundry/t leaning adversely affects the human body and Sludge environment: offensive odours are
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      Page 4 Advertisements Column 2
      157 4 _1 JL_ 10 ways j tha Dal* Camagla Couraa* halpa man and woman: Polsa and Confldanoa 2 Public Spaaldng Human Ralationa Insight Paopla Itanagamant Skills* Effactivs Communications" Motivational Skills •ThaCouraga to Think, Dadda and Act I Sail youraalf and Your Ida* Davalop Your Hlddan Abllltiaa Win a Batter Job, Mora
      157 words
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  • Page 5 Advertisements
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      196 5 -v. ftiirrr --'Jjs^~ <^8 %V to, -v fgß.' •*5 w wt J* Bunl I B I tl I Not given to doing things half-heartedly, the manage- Nevermind, when they're finally in place and opened pretty quickly. But then, who wants to be average' ment of The Puteri Pan Pacific, have
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon NYSE chief calls for easing of rules
      434 6 Foreign firms are put off by strict US regulations, he says AP THE HEAD of the New York Stock Exchange wants US government disclosure and accounting regulations cased to encourage more foreign companies to list securities on the exchange. NYSE chairman William H
      AP  -  434 words
    • Article
      Lock icon Bond Corp challenges UK TV merger
      271 6 AFP AUSTRALIA'S Bond Corp has issued a writ seeking to disenfranchise the four leading shareholders of satellite broadcasting station British Satellite Broadcasting (BSB), who voted for its merger with rival Sky Television last November. Cash-strapped Bond Corp. which had invested £150 million (about *****
      AFP  -  271 words
    • COMPANY BRIEFS
      • Article
        Chrysler in tentative accord on loans
        76 6 CHRYSLER CORP and its bankers have tentatively agreed to replace the company's existing US$2.6 billion (about 554.5 billion) revolving line of credit agreement with a IJSSI.7 billion loan package that carries new terms. According to a New York limes report, which cited financial executives
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      • Article
        Lonrho buys 20pc of Harpener
        60 6 BRITISH TRADING GROUP Lonrho pic is buying a 19.95 per cent shareholding in German industrial holding company Harpener AG for 265 million marks (about ***** million) in cash. Lonrho says the acquisition allows it to enlarge and diversity its investment portfolio in Germany. Harpcncr's activities
        60 words
      • Article
        Hagemeyer buys US foods firm
        74 6 DUTCH TRADING GROUP Hagemeyer NV has acquired US-based MBC Foods Inc for undisclosed terms. MBC Foods is a food wholesaler in the mid-west of the US and expects 1991 total sales of about US$6O million (S$ 102 million). On Feb 26, Hagemeyer announced it planned
        74 words
      • Article
        Data General's new products
        64 6 DATA GENERAL CORP said it would announce a series of new products on March 13 that would be "significant both for the company and the industry" but declined to say what they would be. Data General spokesman Jim Dunlap said the products would be unveiled at
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      • Article
        Mercedes France profit drops
        63 6 MERCEDES-BENZ AG. the automotive unit of DaimlerBenz AG, said net profit for Mercedes-Benz France in 1990 fell to 145.4 million French francs (about Ss4B million) from 181.6 million francs in 1989. A spokesman for Mercedes also said 1990 sales by Mercedes in France were 10.8 billion
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      • Article
        Thorn EMI's sponsored ADRs
        57 6 THORN EMI pic has established a sponsored American Depositary Receipt (ADR) facility for US investors. The ADRs, each representing one Thorn EMI ordinary share, started trading on Monday over the counter. Morgan Guaranty Trust Co of New York, a subsidiary of J P Morgan and Co
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      • Article
        Kraft airline deal takes off
        60 6 PHILIP MORRIS Cos Inc unit Kraft General Foods has reached a year-long, in-flight food and merchandising programme with AMR Inc's American Airlines. In what it called the largest agreement of its kind in the industry, Kraft said it would be the airline's exclusive branded food
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    • Article, Illustration
      Lock icon No news could be bad news
      65 6 Strikers picketing the Daily News on Monday in New York. The paper says it will close by March 15 unless a deal could be made with its onlv potential buver. British publishing magnate Robert Maxwell. The Tribune Co, which owns the paper, says it
      Reuter picture  -  65 words
    • Article
      Lock icon Cadbury Schweppes to see 14pc rise in profit
      407 6 Reuter PROFITS at confectionery and soft drinks group Cadbury Schwcppcs pic are set to show a rise of about 14 per j cent for 1990. reflecting i strong grouth from chocolate and beverage activities in the UK. Analysts expect it to announce
      Reuter  -  407 words
    • Article
      Lock icon Granada group faces bad times
      136 6 Reuter BRITISH leisure group Granada Group pic is suffering in the current economic downturn, according to chairman Alex Bernstein. "Most of our businesses have performed well, but the recession is inevitably affecting the group this year." he told an AGM on Monday. Mr Bernstein said
      Reuter  -  136 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      872 6 SEMBAWANG SHIPYARD LIMITED (Incorporated in the Republic of Singapore) The Directors of Sembawang Shipyard Limited announce the audited results of the Group and the Company for the year ended 31 December 1990 as follows: COMPANY GROUP 1990 1969 1990 1969 ss*ooo srooo srooo srooo Revenue 329.524 303.712 8.5 435.767 396.414
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  • FINANCIAL NEWS
    • Article, Illustration
      Sri Lankan banks offer Swiss style accounts to foreigners
      516 7  -  By S N Vasuki SRI I ANKA has become perhaps the first Asian nation to otTer foreigners the facility to operate "Swiss style" numbered and secret accounts. I he move, aimed at boosting the country's foreign exchange reserves, received parliamentary approval
      516 words
    • Article
      Lock icon Arab bankers may punish foreign banks
      472 7 Reuter AN UNEASY PEACE reigns in the international banking market between Arab banks and the foreign institutions which they believe abandoned them during the Gulf crisis. Now Iraq has been defeated and peace has returned to the Gulf, central bankers in the region would
      Reuter  -  472 words
    • Article
      Lock icon Malaysian interbank rates likely to rise soon
      301 7 Bernama MAI AVSIAN interbank rates appear to he stabilising and are expeeted to reverse their reeent downward trend soon and move up slightly. "Hank Negara's signal is clear, and although it pumped in some MS 100 million into the money market today, we
      Bernama  -  301 words
    • SMALL CHANGE
      • Article
        Citicorp's swap dispute with Welsh body solved
        106 7 CITICORP INVESTMENT BANK Ltd has reached an out-of-court settlement with Ogwr, a Welsh borough council, on its action for restitution of money paid to the council under swap and option contracts. Such agreements have been ruled illegal by a recent judgement by the
        106 words
      • Article
        Credit insurers wary of Iraq
        81 7 EXPORT CREDIT insurance agencies will be wary about extending cover to Iraq because of debt problems and the unclear political situation following the Gulf war, the head of Britain's Export Credit Guarantee Department (ECGD) said in Vienna on Monday. "At the moment clearly there will
        81 words
      • Article
        Pargesa cuts Parfinance stake
        88 7 SWITZERLAND'S Pargesa Holding SA has cut its stake in French investment bank Parfinance to 48.93 per cent from 61.06 per cent, the French Stock Exchanges Association (SBF) said in Paris on Monday. Pargesa has also cut its share of Parfinance's voting rights to 51.85 per cent
        88 words
      • Article
        Insurance for Grace units
        80 7 W R GRACE CO said on Monday that a US federal district court has found that a Grace subsidiary is entitled to be indemnified and defended by its primary insurance carriers in asbestos-related personal injury and property damage cases. The company did not say what suits,
        80 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
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  • Page 7 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        N M'sian states join forces in promotion
        112 8 THE PENINSULAR Malaysian Northern States Development Coordination Committee has agreed to join forces to promote investments and tourism. The committee comprises Perlis, Kedah, Pulau Pinang and Pcrak. Dr Abdul Hamid, the committee chairman, said the committee also agreed to turn Pulau Pinang port
        112 words
      • Article
        Italy grants Indon US$34m aid
        60 8 ITALY agreed on Monday to assist Indonesia's biotechnological industry and agriculture with US$34 million (SSS9 million) in grants and soft loans. Twenty-five per cent of the assistance would be grants, said B J Habibie, chairman of Indonesia's Board of Study and Application of Technology. The
        60 words
      • Article
        Indon faces oil dilemma
        113 8 INDONESIA faces a dilemma because of increasing domestic demand for oil, its major foreign exchange earner, the head of its state-owned oil company said on Monday. Faisal Abda'oe, president director of the Pcrtamina company, said the country's domestic demand is estimated to reach 665,000 barrels a
        113 words
      • Article
        Thai call to abolish tariffs
        81 8 THAILAND will repeat its call to Asean to do away with import tariffs on cement, pulp, fertiliser and textiles to stimulate trade in these products among the six member countries. According to a source in the Commerce Ministry, Thailand will repeat the call at the
        81 words
      • Article
        Aussie-Viet investment pact
        54 8 AUSTRALIA and Vietnam on Tuesday signed an investment protection agreement providing for compensation when investments were nationalised. The pact also provides for settling of commercial disputes. Australian minister for trade and overseas development Ncal Blewett said, "The investment protection agreement reflects the firm intention of both governments
        54 words
      • Article
        Philippine inflation hits 18.3pc
        63 8 THE PHILIPPINES' inflation rate hit 18.3 per ccnt in February, the highest under President Cora/on Aquino's five-year administration, the national statistics office said on Tuesday. Last month's figure was up from the January rate of 16.6 per ccnt as the country heavily felt the impact of
        63 words
    • Article, Illustration
      Lock icon Indon building sector hit by loan rate rise
      473 8 Reuter AFTER a nightmarish fivepoint rise in mortgage rates. Indonesian homeowners, bankers and construction companies are waking up to the reality of loan defaults and bankruptcies. "Five per cent, just like that. The whole construction sector will be hit," Lego Nirwhono, head
      Reuter  -  473 words
    • Article
      Lock icon Hongkong's first forex and gold fund expected to come on line in April
      443 8 Reuter HONGKONG'S first foreign exchange and bullion fund, due on line in April, will be the first in the colony not based on stock investment, market sources said. Called the Sun Sun Chan Leveraged Forex and Gold
      Reuter  -  443 words
    • Article
      Lock icon Gulf war hurt some Asian nations: UN
      388 8 Oil importers forced to spend US$7 million more last year AP THE GULF CRISIS was a windfall for oil exporting nations but cost eight developing countries in Asia more than USS7 billion (SSI2 billion) last year, a survey by the United Nations estimates.
      AP  -  388 words
    • Article
      HK among 20 in UK tax probe on offshore share dealing
      485 8 HONGKONG is one of 20 locations around the world being investigated by Britain's Inland Revenue Department in a crackdown on share dealing through the use of offshore companies, the London Sunday Times has reported. It was also believed that
      485 words
    • Article
      Lock icon Growth forecast for Thai economy revised upwards to 8.5 per cent
      270 8 UPI THE BANK of Thailand has raised its estimate of Thai economie growth this year by one per cent to 8.5 per cent on the strength of lower oil prices. Vijit Supinit, governor of the bank, said the earlier
      UPI  -  270 words
    • Article, Illustration
      Lock icon Riot erupts at Vietnamese transit camp in Thailand
      66 8 A young Vietnamese refugee demonstrates at a transit camp in Phanat Nikhom. Thailand, after two compatriots were shot dead on March 5 by Thai soldiers during a riot by 1,000 inmates who protested against plans to send them to another camp. Refugees
      Reuter picture  -  66 words
    • Article
      Lock icon KL to drop discount on electricity tariffs
      252 8 NST THE MALAYSIAN government has decided to withdraw a 10 per cent discount on electricity tariffs for five industries with immediate effect following the full recovery of the economy. The affected industries are the hotel, cement, gas, steel and ice-making industries. The withdrawal,
      NST  -  252 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      114 8 4C The Bio Decisions Lunch Our new Business Lunch is a big test for every decision-maker. Because the multi-course menu offers you a challenging choice of 28 gourmet dishes. These include: Venison Terrine with Blackcurrant Coulis Steamed Mussels with Shallot Butter and Herbs Salmon and Lobster Roulade in Mussel Cream
      114 words
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      Page 8 Advertisements Column 2
      57 8 Fantasy We also cruises offer have r 90 luxurious air- yacht Puja with conditioned yachts bedroom suites for complete with karaoke. overnight charters. music dance floor etc. Private party, seminars. We at Fantasy cruises listen meetings, fishingtnpsaround and Singapore, Batam Indone- requirement, the cho.ce of sia or Pengarang, Malaysia. time
      57 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Soviet industrial and food production falling
      453 9 Gorbachev calls for tough measures Reuter SOVIET President Mikhail Gorbachev says Soviet industrial and food production has declined since the beginning of the year and tough decisions are needed to halt the economy's continuing tailspin. He told Soviet television on Monday, after the first
      Reuter  -  453 words
    • Article, Illustration
      Lock icon Kuwait to favour US, UK, France over contracts
      361 9 The Gulf after the War Reuter US, BRITISH and French firms will rcccivc preferential treatment in getting reconstruction contracts from Kuwait, says the emirate's ambassador to the US. "The policy of lowest price or lowest bidder will not be followed. Our policy
      Reuter  -  361 words
    • Article
      Lock icon EC agrees to restore aid to Moscow
      246 9 AP THE 12 European Community governments have agreed in principle to restore to the Soviet Union more than US$l billion (551.74 billion) in food aid withheld after the bloody crackdown in the Baltic republics. "There arc no more political obstacles on the way
      AP  -  246 words
    • Article
      Lock icon Little foreign interest in E German firms
      209 9 Reuter Gl RMAN Chamber of Commerce and Industry president Hans Peter Stihl sa\s foreign investors have shown little interest in what was eomniunist Kast Germany sinee its unitieation with West Germany last Oetober. "Only 10 per eent of all the projeeted investments in
      Reuter  -  209 words
    • Article
      Lock icon Britain urged to lift sanctions if Pretoria drops apartheid laws
      266 9 FT ALL ECONOMIC sanctions applied by Britain against South Africa should be lifted when Pretoria repeals three key apartheid Acts later this year, a House of Commons committee has said. The recommendation on Monday by the influential Foreign Affairs Select
      FT  -  266 words
    • Article
      Lock icon More dynamic Kuwaiti private sector seen
      535 9 IT ONE BY-PRODUCT of the Gulf war may be a more dynamic Kuwaiti private sector which is more amenable to the notion of foreign investment, according to prominent Kuwaiti businessmen in London. Until now, such private businesses have been highly dependent upon government support.
      IT  -  535 words
    • WORLD WATCH
      • Article
        EC lifts sanctions against Kuwait
        90 9 THE EUROPEAN C OMMUNITY has lifted economic sanctions against Kuwait in accordance with the UN resolution passed last Saturday, keeping a trade embargo on Iraq only. The measure was announced by Luxembourg Foreign Minister Jacques Poos following an EC foreign ministers meeting in Brussels on
        90 words
      • Article
        Oil product exports to resume
        70 9 SAUDI ARABIA will soon lift a ban and allow Mobil Corp and Royal Dutch/Shell Group to export jet kerosene and gas oil from two joint venture refineries in the kingdom, say Gulf-based oil industry sources. Saudi Arabia stopped exports of jet kerosene and gas oil,
        70 words
      • Article
        Defence spending exceeds limit
        68 9 THE US DEFENCE DEPARTMENT has underestimated military spending in fiscal 1992 by US$2.B billion (Ss4.B billion), exceeding the limit imposed by Congress and the White House in the Budget agreement reached last year. Daniel Inouyc, the chairman of the Senate Appropriations defence subcommittee, said on Monday
        68 words
      • Article
        Seoul urged to drop yard plan
        87 9 EUROPEAN COMMISSION vicc-prcsident Leon Brittan has asked South Korea to drop its plan to open a new subsidised shipyard, noting that there is already overcapacity in the world industry. In a speech to the Federation of Korean Industries in Seoul on Monday, Mr Brittan
        87 words
    • Article
      Lock icon Inflation up in big industrial countries
      277 9 AP PRICES paid by consumers in major industrial countries including the United States rose by 5 per cent in 1990. faster than in any vear since 1983. The International Monetary Fund said on Monday that the rate in the US. which hit a low
      AP  -  277 words
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      78 9 TAMAN PERINDUSTRIAN CEMERLANG FREEHOLD DETACHED FACTORIES IN JOHOR BAHRU. from Ms l ,"150,000 onwards Singapore 0104 Fax *****31 TELEPHONE: 710-S9i7/5902 I SKILL T+MC (OISII I A I I S offers RECRUITMENT: Executives Management Technical Engineers, Draftsmen Sales/Marketing Supervisory TEMPORARY STAFFING Engineering Drafting/Design Trainers/Instructors Office Clerical Computer Personnel HUMAN RESOURCE MANAGEMENT
      78 words
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  • Article
    Now to win the peace
    524 10 EDITORIAL THAT the allies would win the Gulf war was never seriously in doubt. To say this is not to deny the many personal aets of eourage and eommitment that marked their eonduet during the conflict, but the results of a confrontation between highly-moti-vated, well-trained
    524 words
  • WHAT THE OTHERS SAY
    • Article
      Best chance for peace
      230 10 GIVEN the complexity of the Middle East situation. peace is not going to be an easy achievement. However, the end of the Iraqi threat, at least for the time being and possibly for a long time, creates propitious conditions. A confident, credible and respected US. working
      230 words
    • Article
      Reasons for caution
      141 10 THERE are good reasons why the Government introduced a so-called cautious Budget this year. Rising costs especially wages and the fear that the Gulf War would continue provide the main backdrop. The decline in tourism has led to a lowering of cess or duties on entertainment, hotels
      141 words
    • Article
      Thailand's place in Asean
      129 10 NEW Thai Prime Minister Anand Panyarachun, a career diplomat and well respected in Asean and international circles, has said that a key task for his temporary Cabinet is to "restore the international standing of Thailand". Three days ago. the Thai foreign affairs spokesman stressed that the
      129 words
  • REGIONAL VIEWPOINTS
    • Article
      Time to work for peace
      188 10 WAR has transformed the Middle East and the question now is whether the chances brought by six weeks of violence can be seized and built upon. The neutralisation of Saddam Hussein is an obvious lesson to too-ambitious dictators of the future. But the succcssful allied
      188 words
    • Article
      Give the PM a free hand
      173 10 IT came as a rare piece of good news in the week since the military toppled the hatichai Government in a bloodless coup that put an abrupt to lhailand's longest but fragile experiment with democracy since 1976. The choice of diplomat-turncd-cxccutive Anand Panyarachun as
      173 words
    • Article
      An ironic turn
      155 10 WITH the Warsaw Pact scheduled to vanish by April, conservatives in the Moscow leadership are no-doubt seeing virtue in closer co-operation with China. As affronted as some Soviet officials might be by Party General Secretary Mr Jiang Zemin's offer of commercial credit to enable their country to
      155 words
  • Article, Illustration
    Lock icon A tale of two economies
    548 10  -  Some experts feel that the US is at a growth dead-end. Japan, on the other hand, is expected to do well. Patrick Smith reports Patrick Smith IHT THE Gulf ceasefire has focused attention on long-term economic fundamentals in the United States and Japan. and analysts
    IHT  -  548 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      80 10 What is Asian Stress and how to suppress it STRESS afflicts everyone regardless of age. occupation, nationality Urban life in Asia generates its own unique set of characteristics that induce stress and all its symptoms loneliness, sleeplessness, hopelessness, inertia. Learn to recognise the onset of stress and control if before
      80 words
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      Page 10 Advertisements Column 2
      52 10 Christie's Swire (Hong Kong) Ltd. Spring Auctions 1991 at the Singapore Preview: The Oriental, Singapore March 9 and 10, 1991 10:30 a.m.-6:00 p.m. Auction in Hong Kong: The Hong Kong Hilton Grand Ballroom March 18. h d lUl Address: I .inglin P.O. H<>\"2l2 flask Qiailom; h\il mailt and of the
      52 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      71 10 DOONESBURY BY GARRY TRUDEAU 50 HQUJ VO UKe POWT GST OJPONO A IMi OL' MAN WAS NAVY, K thfhioh sfa<>,pay* bAiujp'sujt/swncjfpolk> anv hf use? to tbu mf you jomp vzah, that <*JPF BFAteUFFIN BUT Til TAFF I~T CMFPfPAWL L. All, THF TIME, "90N, IF- THF NAVY PIUSTHF tnt IN6 APOUNP
      71 words
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  • ANALYSIS
    • Article
      Lock icon Personal communications networks: Tussle brewing
      748 11  -  Cable television companies in the US have been given approval to offer wireless telephone services. Edmund Andrews reports Edmund Andrews NYT LOCAL telephone companies in the United States may face formidable new competition within the next few years from the cable television industry. The Federal
      NYT  -  748 words
    • Article, Illustration
      No handouts expected in Hongkong Budget
      1442 11  -  Catherine Ong, BT's Hongkong Correspondent, reports on what the British colony can expect from Financial Secretary Sir Piers Jacobs when he presents his fifth (and probably last) Budget today Catherine Ong, AFTER five years as Hongkong's Financial Secretary, Sir Piers Jacobs is widely expected
      1,442 words
    • Article
      Sir Piers Jacobs: An acquired taste
      586 11 THEY call him Mr Nice Guy and everyone's favourite scapegoat. Nobody forgets his biggest blunder (allowing disgraced stockbroking chief Ronald Li to shut the stock exchange for four days during the Crash of '87); and few remember his major achievement doubling Hongkong's reserves to
      586 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      141 11 mi Office units with areas ranging I IIP from 1,400 aq ft to 29,000 aq ft 1 LlSj at attractive rentals. a "1 "l "I The Adelpht is right in the heart of the /-J r\ IvVrl 1 aty. within walking distance of the r\i I#-* I I II I
      141 words
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  • THE LAW PAGE
    • Article
      Unleaded petrol guarantees are legally binding
      675 12  -  David Gabriel examines those soothing Esso and Caltex assurances David Gabriel TWO OIL companies, Esso and Caltex, recently offered guarantees to motorists who use unleaded petrol. What some motorists are asking is what these mean. They are not sure if these guarantees have any
      675 words
    • Article, Illustration
      Lee raps Law Society on Elected Presidency
      529 12 THE LEGAL community is astir over a letter reproduced in the February issue of the Singapore Accountant, the journal of the Institute of Certified Public Accountants of Singapore (ICPAS). In the letter. Senior Minister Lee Kuan Yew praises the ICPAS for the stand
      529 words
    • Article
      Full blame falls on car driver
      524 12 CASE^ TONG KHING KIA TRANS-ISLAND BUS SERVICES PTE LTD v YEO KONG BOON. The High Court of the Republic of Singapore, District Court Appeal 71 of 1989. Justice Chao Hick Tin. This involved a road accident along Duneam Road where a Trans-Island Bus Services
      524 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      38 12 the impossible, we have always L. Striven to iISM reconcile the iSfsM m inl« freedom brought IBIK about by the technological IIP/l the thematic •X, Showroom: crystal palace 4se. river valley 1024. Tel: 235 9053 -fWmm W W
      38 words
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  • SPORTS
    • Article, Illustration
      Lock icon Navratilova makes Seles wait a while
      766 13 AP MARTINA NAVRATILOVA, the grand dame of tennis, forced Monica Seles to wait a week to become the youngest No 1 tennis player in the Open era. Navratilova, who played her first Cirand Slam tournaments a few months before Seles was born in 1973,
      AP  -  766 words
    • Article
      Lock icon Mediate wins Doral Open for first PGA title
      498 13 AP ROCCO MEDIATES 8-foot birdie putt on the first playoff hole beat Curtis Strange in the storm-delayed finish of the Doral Open on Monday and gave him the first PGA Tour victory of his career. Mediate, one of the few regulars who
      AP  -  498 words
    • Article
      Lock icon Ozaki pursues 70th career victory in Japan PGA
      372 13 AP MASASHI "Jumbo" Ozaki. the first Japanese professional golfer to average better than 70 strokes for a season, goes after his 70th career victory when the US$27 million (Ss46 million) 1991 Japan PGA tour starts this week. Ozaki averaged 69.90 strokes last
      AP  -  372 words
    • Article
      Lock icon Chang downs Filippini in Champions Cup
      292 13 AP NINTH SEED Michael Chang cruised to a 6-1, 6-1 victory over Italy's Marcclo Filippini in the opening round of the US$l million (SSI.7 million) Champions Cup in California. Playing on clay, a surface on which he cxccls. Chang needed only 76 minutes to
      AP  -  292 words
    • SIDE LINES
      • Article
        Huber fights shy of comparison
        91 13 PROMISING young tennis star Anke Hubcr was happy with her first-round win on Monday over France's Nathalie Herrcman in the Virginia Slims of Florida but not pleased at being compared with fellow German Steffi Graf. The 16-year-old Huber, seeded 14, advanced to the second round
        91 words
      • Article
        Bird leads Celtics to victory
        70 13 LARRY BIRD scored 29 points and tied a team record with seven 3-pointers, leading Boston to a 126-101 victory over Indiana, on Monday night. The Celtics shot 64 per cent from the floor in the first half en route to a 69-52 half-time lead, then
        70 words
      • Article
        Close tussle
        78 13 SEVEN yachts are engaged in a fierce neck-and-neck fight for fifth place in the BOC round-the-world solo race. The official race report from Sydney yesterday said that Frenchman Alain Gauticr. sailing Gcncrali Concorde, was 186 nautical miles from the Uruguyan port of Punta del Este, the end of
        78 words
      • Article
        McEnroe to the rescue
        90 13 JOHN McENROE may have saved the Chicago Volvo tournament. After winning this year's title. McEnroe hinted he would like to return next February. Great show or not. sponsors worried that the lack of big names no one was ranked higher by the ATP than John McEnroe
        90 words
      • Article
        Budd blazes back
        70 13 FORMER world cross-country champion Zola Budd clipped almost four seconds off the South African mile record on Monday. Budd, now Mrs Pictcrse since returning to South Africa from four controversy-packed years running for Britain, scorched home barefoot in 4min 23.385 ec in Port Elizabeth. Running on her
        70 words
      • Article
        Tough competition
        77 13 AT LEAST nine boats of the new International America's Cup Class (lACC) will compete in San Diego in May in the World Championships. The America's Cup Organising Committee said on Monday that he had received eight official entries from five countries Italy, New Zealand, Japan. France and the
        77 words
      • Article
        NZ draws Sri Lanka
        68 13 ALL-ROUNDER Shane Thomson hit an unbeaten 80 in Auckland yesterday, but New Zealand failed in its run chase and the third cricket Test against Sri Lanka ended in a draw. Chasing 383 for victory, New Zealand was 261 for five at stumps at Eden Park with
        68 words
    • Article, Illustration
      A triumph against all odds
      562 13  -  When Australia II won the 1983 America's Cup, a 132-year-old record was broken. Its skipper, John Bertrand, shares with Cassandra How his moment of glory Cassandra How JOHN BERTRAND used to lie along Melbourne's Port Philip Bay, dreaming of the day when he would win
      562 words
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  • Page 14 Advertisements
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      195 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 5.00 PM. HAPPY HOUR<Sr DJ MUSIC: 5.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00 PM TO 2.00 AM. 5 A MEMBER
      195 words
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      Page 14 Advertisements Column 2
      331 14 FEAST YOU R EYES 111 ***** l II ON THE PLUM'S TEWELS lllllllllllill OF THAILAND From Ist March 17th March five of the finest exponents of Thai Cuisine vyill masterfully prepare a plethora of appetising dishes. The buffet will be available for both lunch (12 noon 2.30 pm) and dinner
      331 words
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      Page 14 Advertisements Column 3
      301 14 T dub s Are you lonesome, tonight*^ Well, if you're at Club 5, it's unlikely you'd have the chance to feel that way. Don't be surprised if you find yourself spending all your nights at Club 5. Plaza Hotel And why not? Hr.ar« Vital Mn»»*r 0719* 2W»II I 2 JSRbI
      301 words
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      Page 14 Advertisements Column 4
      322 14 fSpE] TJme Eril l For the next three weeks, British Buffet Lunch l.^g»j g£j| we'll treat you like royal- 21 I''--"^ps m rv at our Bntish Buffet. f ifl|ra Noon 2.30 pm LJSkW with over 60 traditional mm favourites, you'll be back Adult :J36++ for seconds, thirds... Child below 10
      322 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      802 14 TELEVISION AND RADIO 1 j 1 "1 f* a con* 500 Cockleshell Bay (Children). I 6.30 With The Quran. J namantn |j /\ft -f Krv y/\ /\T n riri Hrt s 5.10 What-A-Mess (Cartoon). 6.45 Religious programme. BUSINESS ON RADIO of me love 01 dCiing i (Car *.«*•»<■ KS J.W
      802 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Neil Simon creates a nightmare world
      768 15  -  Humour in the midst of domestic discord is common in Neil Simon's plays. His latest, however, goes beyond the gentle family traumas of his previous plays and moves closer to surrealism, says David Richards. David Richards NYT NO ONE will have any trouble recognising
      NYT  -  768 words
    • Article, Illustration
      Lock icon A whole lot of nothing going on
      491 15  -  Suzy Menkes on the shows behind the Italian fashion runways Suzy Menkes IHT THE prima donnas of Italian fashion have put up quite a performance this season and that is before anything gets out on the runway. Because of the Gulf War and
      IHT  -  491 words
    • Article
      Gold-diggers at work outside Imelda's home
      510 15 CHATTERBOX THE government of Philippine President Corazon Aquino has been digging for gold at the ancestral home of former First Lady Imelda Marcos, officials said on Monday. David Castro, chairman of the Presidential Commission on Good Government, told the Senate Finance Committee in Manila
      510 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      301 15 AND ENTERTAIN A Yen For Fresh Japanese Food. isS LUNCH fJB g to S DINNER: t t j Q|| 1015PM E~ 53 I PRICES SUBJECT E= M B TO 10% SERVICE I m mi a CHARC.E AND HBH V < ESS. Unkai flies in fresh ingredients daily from Japan. To
      301 words
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      Page 15 Advertisements Column 2
      279 15 TKe freshest, liveliest seafood place in town. You'll Kave to go a long way to find seafood .j^ any fresher. LuncK: 12 noon 2.30 pm. "9* Except Sunday. Dinner: 6.30pm 11.00pm. <•<>• »•<■ THE SE A F OOI) PIACE LEVEL t THE PAN PACIEIC HOTEL SINGAPORE MARINA SQUARE. BAFFLES BOL'IBVARD.
      279 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Share prices continue to rise over a broad front
      4578 16  -  By Genevieve Cua ACTIVE TRADING saw Singapore share prices again rising over a broad front yesterday, with the main gainers being the counters that have announced healthy results. While some consolidation is expected over the next couple of days, the market
      4,578 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4086 17 Ulain Board Jurong Ship 50* 7X0 40 t 5.4% Robinson 456 I 38 t 9. Nat Steel 1010 t 30 V1% BAT 21c 338 28 9.0% Shangri-la 685 25 3.8% C ity IX'v SO* 336 22 I- 7.0'W» SPII Foreign 1120 1-20 1-1.8% NOI Picf
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      80 18 Company Oat* Year Group Nat Nat earnings Gross ann to profit/loss <L> dividend (000) (cents) Awmo Feb 27 Sep 90 $3.0061(111.029) -(14 7) l2 5TEt25!E) H Leong Credit Jan 16 Jun 90 M$24.462($18.074) 218(164) 10(10) C*C ian 14 Sep 90 $53.947($34.649) 308(23 5a) 15(8 5a) F&N Ian 14
      80 words
    • Article
      PRELIMINARY RESULTS
      222 18 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend (•000) (cents) 8AI Mar 4 Dec 90 $41.018($32.019) 338(162a) 1524(100) S Steamship Mar 4 Dec 90 $44.519($31.730) 7 9(6 2) 6(6) Semb Mar.time Mar 4 Dec 90 $18 403(S15.207) 22 0(17 0) 11(10)
      222 words
    • Article
      INTERIM RESULTS
      280 18 Comoany Oat* Half-year Group pre-tax Interim a.,, to prom/lost (L) dividend ('000) Cons Plant Mar 2 Dec 90 M$40.600($56.600) 8(9.2) DMIB Bhd Mar 2 Dec 90 M$20,400($19.000) 6(6) Sea View Mar 2 Dec 90 $2,701 (S3.615) S,me Darby Mar 2 Dec 90 M$320.100($280.700) 7(7) Sime UEP Mar 2
      280 words
    • Article
      CORPORATE DEVELOPMENTS
      838 18 Mar 4 Antah Holdings Bhd has formed a 50-50 joint venture company called Antah Western Petroleum Services Sdn Bhd, with a US-based company Western Petroleum Services International to expand its oil and gas division. Magnum Corp will take a half ownership of the Austotel chain of 192 pubs
      838 words
    • Article
      DIVIDENDS ANNOUNCED
      342 18 Current Ex Books Date Total for Total tor payment date dose payakte tee year last year A jean Find US$010(b) Mar 18 Mar 28 Apr 8 US$010 Awno 5%TE Feb 25 Mar 7 May 15 12.5%TE 25%TE BMT 501(1) Feb 20 Mar 4 Mar 6 50% 150% Berjaya
      342 words
    • Article
      BONDS, LOANS & WARRANTS
      800 18 BONDS, LOANS WARRANTS r»niM«I Conwretow period Cowvarri— tnw «>r arOMry «to»j CIC Wt Before 26 4/93 1 warrant plus $3 09 cash Causeway Loan Causeway Wt 2 10 89 to 20 10/94 1 warrant plus $0 77 cash or 1 warrant plus J (0 77 nominal amount of loan stock
      800 words
    • Article
      RESULTS DUE
      865 18 Main Board Last Full Yaar Company Poriod D»t» Tea Net EPS Gross Hot iwBicid emtaf (emits) (K prail last yea ($*000) CIS Padum Wenm No» 13 Dec 90 29 7 13 2 11.616(e) BMT Interim Ian 10 km 91 254 2 150 0 773 Aoofc final Feb 16
      865 words
    • Article
      APPROVED ISSUES
      312 18 Company Rights Issue Neon One-tor two (a, MJ100 per share Issue of 40m Cumulative Redeemable Preference Shares of MJO10 each at MSI per share wwth 10m detachable TSR Bolton One-tortour fe MS2 00 per share George Kent One-tor two MSI 50 per share H Leonj tad Two-tor-five <g,
      312 words
    • Article
      COMPANY MEETINGS
      74 18 A vino Singapore Ltd: 17th AGM at Valley Room. Shangri-La Hotel, 22 Orange Grove Road. Singapore 1025 on Monday. Mar 18, at 12 noon. United Overseas Land Ltd: EGM at the Board Room. 30th Storey I JOB EJuWingJ Bonham Street. Raffles Place. Singapore 0104 on Wednesday. Mar 20,
      74 words
    • Article
      RECORD HIGHS & LOWS
      192 18 RECORD HIGHS LOWS BT Composite Index SJ Index (5/3/91) 1991 N(h: *****5 (5/3/91) 1149 08 (16/1/91) 1991 IT *****2 (16/1/91) |£J (27/3/90) 1990 licit: 1435 43 (16/7/90) 1M0 1079 50 (ll/10/90> 1990 tow: 981 07 09/11/90) 19W 1487 76 26/12/89) 1989 Nfh: 1322 00 28/12/89 9 Jf 030 69 (4/1/89)
      192 words
    • Article
      PROPOSED ISSUES
      171 18 Company Rights issue H Leonf Craft Two for h*e MJ2 80 per share En-date Feb 21 Books close War 7 Acceptance Payment NYA Pel** Bhd Ino for h* <a, MJ160 per stare Ex-date Mar 4 Books dose Mar 18 Acceptance Payment NYA Company Bonus Issue i H leonf
      171 words
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      Page 18 Advertisements Column 1
      104 18 NEWS TRAVELS ALL ADVERTISING MESSAGES arc effective. To varying degrees. In Singapore, when you want to reach out to a select target audience in the transport industry, only one daily offers you the advantage of maximum reach at minimum costs. And that's Shipping Times. Everyday Shipping Times brings you: Bunker
      104 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 KL stocks higher on investors' optimism
      4069 19 Bernama SHARE prices in Kuala Lumpur closed broadly higher in active trading yesterday on strong buying support from investors who remained optimistic about the market outlook. The KLSE Composite Index closed 9.72 points higher at 577.55 the first time it had gone above the
      Bernama  -  4,069 words
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      114 19 SIN GAPORT' 91 A BT Special Survey on Singapore's shipping industry March 26,1991 For the third year running, Business Times will publish a special supplement to coincide with Singapore's premier shipping event SingaPort. This year, the supplement will give an insight into the future of various sectors in the shipping
      114 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks finish easier on arbitrage selling
      2278 20 Reuter TOKYO STOCKS ended easier in volatile afternoon trading yesterday, weighed down by heavy arbitrageur sales and a drop in the Japanese bond market. Dashed hopes for an imminent credit easing on a stronger-than-expected Bank of Japan (BOJ) quarterly economic report also pressured share
      Reuter  -  2,278 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng gains 36 points in heavy trading
      2246 20 AP, Reuter SHARE PRICES on the Hongkong stock exchange closed mixed in heavy trading yesterday. The Hang Seng index, the market's key indicator of blue chips, gained 36.15 points, closing at 3,600.49. Turnover totalled HK52.022 billion, compared with Monday's HK$ 1.720 billion.
      AP,; Reuter  -  2,246 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Australian counters continue to retreat
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        362 21 In local cum?no In SS In US$ da\ >ear da) year S day year MAR 4 Index change change change change change change World 400.7 0.1 119 -0.1 10.9 -0.3 11.2 JEAFE Europe 524.7 0.0 11.6 -0.2 10.5 -0.5 10.8 410 8 0 3 12.7
        362 words
      • Article
        INDICES & TURNOVER
        87 21 INDICES TURNOVER (low March 5 l*rrvK>us SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1.375.0 2.151.5 784.5 78.13 1.387 4 2,1754 787.9 94 58 -124 -23.9 -3.4 -1645 BANGKOK SET Index Turnover (million baht) 787.10 3.030 787.57 3,600 -0.47 -570 JAKARTA Composite Index 382.20 MANILA Composite
        87 words
      • Article
        AUSTRALIA
        821 21 AUSTRALIAN STOCKS, besieged by dismal eeonomie news, weak company profit results and expectations of a Wall Street slump, continued to retreat yesterday. Brokers said the market was weighed down by new share issues and a cheerless economic outlook. Industry Minister Senator John Button said in Parliament he expected December
        821 words
      • Article
        TAIPEI
        385 21 TAIWAN share prices ended lower yesterday in sluggish trade with most investors waiting on the sidelines for clear market direction. The weighted index lost 97.73 points, or 2.1 per cent, to close at 4,527.51 compared with Monday's 4,624.84 fin- ish. Turnover was NT533.9 billion against NTS3B.6 billion. Dealers said
        385 words
      • Article
        MANILA
        626 21 PHILIPPINE share prices yesterday closed narrowly mixed in a market trying to establish a new support level after recent gains and profit-taking, brokers said. The Manila Stock Exchange composite index rose 7.59 points to close at 941.09. But the Makati index slipped 6.74 to 944.22. Combined turnover eased to
        626 words
      • Article
        BANGKOK
        716 21 THAI STOCKS closed slightly lower yesterday as a nervous market waited for the appointment of an interim Cabinet by new civilian premier Anand Panyarachun, brokers said. The SET Index closed 0.47 point lower at 787.10 on a turnover of 3.03 billion baht after falling about 14 points in early
        716 words
      • Article
        SEOUL
        855 21 SEOUL STOCKS ended the day virtu- ally unchanged yesterday in slow trade as investors, revived in the morning by President Roh Tae-woo's speech announcing local elections on March 26, sold in the afternoon, brokers said. The composite stock index closed at 669.83, down just 0.59 point. Volume was 143.9
        855 words
      • Article
        NEW ZEALAND
        381 21 NEW ZEALAND shares ended lower yesterday on moderate volume as investors marked time pondering what the post-Gulf War period might bring. There was also a lack of buying due to doubts about the number and size of rights issues hanging over the Australian market and the general state
        381 words
      • Article
        Untitled
        475 21 Jakarta Rupiah VoK"00) Abda 2400 Ahap Insurance 3800 Alumindo Perkasa Utama 8700 unch Aqua Golden Missisipi 9550 unch Argo Pantes 9200 unch 50 Aster Jawa 2500 Astra Graphia 7850 Astra Int'l Inc ***** 800 965 Asuransi Bintang 7950 Asuransi Dayin Mitra 7000 Asuransi Jiwa Panin ***** Asuransi Ramayana 5100 Bakne
        475 words
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  • WORLD STOCK MARKETS
    • Post-war optimism gives Wall St a boost
      • Article, Illustration
        NEW YORK
        969 22 INVESTORS betting on a swift US economic rebound dribbled more cash into the stock market on Monday, but late session programme selling shaved a blue chip advance. Small-capitalisation stocks, less involved in programme trading, chalked up a one per cent gain. "We're seeing a lot of good activity
        969 words
      • Article, Illustration
        LONDON
        807 22 LONDON SHARES opened weakly on Tuesday, but soon firmed to show a gain of 0.7 point on the Footsie index of 100 leading companies which was at 2,382.1. National Westminster rose three pence to 315 but other banks fell in line with Midland, which announced a reduction of its
        807 words
      • Article
        BRUSSELS
        201 22 BELGIAN SHARES opened higher yesterday and the forward market index rose almost one per cent in the first half hour of trading as investors bought stock on the first day of a new trading account in expectation of higher prices. The forward market index was quoted at 5,609, up
        201 words
      • Article
        AMSTERDAM
        334 22 DUTCH SHARES marked a new 1991 high by yesterday midsession in slow and lacklustre trading with chemical stocks leading the way. Dealers were somewhat at a loss to explain the rise as they did not see any new factors supporting the market. "It's a market in which it is
        334 words
      • Article
        STOCKHOLM
        73 22 PRICES on the Stockholm bourse rose broadly in active early trade yesterday with investor interest focused on the afternoon's release of Volvo's 1990 results and on Ericsson shares. By mid-morning, the bourse general index had gained 0.31 per cent to 1.060.93 in a turnover of 154 million crowns. Blue
        73 words
      • Article
        FRANKFURT
        283 22 GERMAN share prices ended below their highs yesterday, but remained above Monday's close, after the buy orders that had spurred an initial. mainly technical rally dried up towards the end of an active session. "Professionals, disappointed with the lack of follow-up orders, then left the market again." said a
        283 words
      • Article
        PARIS
        155 22 THE PARIS BOURSE climbed to a new 1991 high in active midsession trade yesterday as investors unexpectedly passed up a chance to take profits and continued pouring money back into stocks. The CAC-40 index surged 17.47 points or 0.99 per cent to 1,784.21, its highest level this year, before
        155 words
      • Article
        JOHANNESBURG
        387 22 JOHANNESBURG'S market resumed Monday's trendless pattern yesterday morning in listless trading, dealers said, reflecting a lack of any fresh incentives. Leading indices continued to show very little movement, they said, adding that the market appeared to be marking time ahead of the South African budget on March 20. At
        387 words
      • Article
        TORONTO
        231 22 TORONTO STOCKS stormed ahead in late afternoon trade on Monday, climbing 1.4 per cent on the day with sharp gains in all of the market's 14 sectors, dealers said. "I think there is still a little bit of a war-related rebound in confidence," said Ben Joyce, an analyst with
        231 words
      • Article
        VIENNA
        145 22 AUSTRIAN share prices firmed slightly yesterday in dull trade with turnover again light. The Vienna Bourse Index rose 1.99 points to 552.86. Once again, most investors preferred to hold back. With some foreign exchange dealers speculating that Friday's February US jobs data may prompt the Fed to cut US
        145 words
      • Article
        MILAN
        170 22 ITALIAN SHARES were unchanged to slightly lower in thin trading yesterday, 7 with Carlo De Benedetti's CIR sliding' one per cent following Monday's court decision to restore voting rights to rival shareholders in publisher Mondadori. Brokers said dealings were erratic,with volume likely to be under Mon- day's provisional 126
        170 words
      • Article
        Lock icon ZURICH
        284 22 Reuter SWISS SHARES were higher at midsesr sion yesterday. Traders said the market had picked up speed after a slow opening as the firmer dollar supported shares in major industrial companies. The all-share SPI index added 6.2 points to reach the day's high of 1,029.8, while the SMI index
        Reuter  -  284 words
      • Article
        INDICES & TURNOVER
        91 22 INDICES TURNOVER March 4 (hm Previous NEW YORK (X>* Jones 2,914.11 2,909.90 4.21 NYSE Financial 145 09 144.83 f0.26 SAP 500 369.33 370 47 -1 14 Turnover (million) 200 221.5 -2F5 LONDON Financial Times .10 1.913 9 1.918.2 -4 3 FTSE 100 2.382.9 2.386.9 -40 Turnover (million) 491.7 594.6 102.9
        91 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback falls on profit-taking and concern over US jobs data
      1259 23 FOREX MARKET REPORTS I HE US DOLLAR was lower yesterday against most major currencies on profittaking and concern about US unemployment data due at the end of the week. It slipped to 1.5275 marks in early Frankfurt trading yesterday, down
      1,259 words
    • Article
      INTERBANK FOREX RATES
      411 23 Crass rates Mur 5 USJ SS MS Dm Yen SFr AS N7$ USS 1.7320 2.7260 1.5310 135 20 0.5260 1.3340 1.2945 1.6722 S$ 0.5774 1.5739 0.8839 0.7806 0.3037 0.7702 0.7474 ***** MS 0.3668 63.54 ***** 0.4960 0.1930 0 4894 0.4749 0 6134 Dm 0.6532 1.1313 1.7805 88
      411 words
    • Article
      MONEY MARKET
      569 23 Interbank rates S$ Bid Offer Overnight 4 5/8 4 3/4 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: 4-3/4 LS$ Bid Offer 7 days 6 1/2 6 5/8 1 month 6 7/8 7 2 months 6 7/8 7 3
      569 words
    • Article
      Lock icon Two ECU bond futures may be one too many
      647 23 Reuter LONIX)N's new ECU bond future, due to he launehed today, will eompetc with a similar French contract and it is unclcar if both can thrive or even survive. The new instrument could help London retain its position as the leading
      Reuter  -  647 words
    • Article
      FINANCIAL FUTURES
      1225 23 SIMEX eurooollar Open High Low Sett Est Vol Op/lnt Vol Mar 91 93.07 93.12 93.07 93.12 6000 ***** 262? Jun 91 93.11 93.18 93.10 93.18 1 3005 ***** 8183 Sep 91 92.89 92.98 92.89 92.98 4500 5893 1617 Dec 91 92.49 92.59 92.49 92.59 1500 6923 1000 Mar
      1,225 words
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  • COMMODITIES
    • Article
      Lock icon London market welcomes Sucden cash injection
      497 24 Reuter LONDON'S soft commodities trade welcomed French trade house Sucres et Denrees' (Sucden) announcement that it has obtained a 500 million French franc loan, especially following the collapse of the city's oldest soft commodity trader, Woodhouse, Drake Carey. "After Woodhouse, if Sucden had gone
      Reuter  -  497 words
    • Article
      Lock icon Paribas moves division to Paris
      190 24 Reuter FRENCH BANK Compagnie Financicre de Paribas said it is transferring its physical commodity financing operations in London and Hamburg to Paris. John Collenette, the new head of Paribas' physical commodity financing division, said in Paris on Monday that the shift would help Paribas speed
      Reuter  -  190 words
    • Article
      KL tin stays below the M$15 level
      821 24 REPORTS THE TIN PRICE on the Kuala Lumpur Tin Market yesterday closed another five sen lower to M$ 14.92 per kg in line with the US$lO drop on the London Metal Exchange overnight. Dealers said some buying interest from Japanese and local buyers
      821 words
    • Article
      PRICES
      1468 24 Rubber Mars MS (fot Mw| S ccms/kg Noon Close Int I RSS Prompt 143.75/144 75N 143 50/144 50 Inl I KSS Apr VI 146 ***** 25 I45.7VI46.25 Int I RSS May 147 50/147.75 I47.2VI47.75 Inl 2 RSS OP 142 50/144 50N I4200/I4400N Inl 3 RSS OP 137 50/139 50N
      1,468 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      260 24 NOTICES IN lUt MAI If K OF I nit COMPANIFS At I. (AP SO Pursuant to Section WOOD KRAFT (PRIVATE) LIMITED (In Members' voluntary winding-up) j At an Extraordinary General Meeting ai the alx>venamed Company duly convened I and held at 47 Cuppage Koad. Singapore 0422 on Monday, 4 March
      260 words
    • Advertisement
      Page 24 Advertisements Column 2
      244 24 IN I Hi: MATTtiR Ol THE COMPANIES ACT. CAP 50 AND woodkraki (Privatk)i;h) (Members' voluntary winding-up) NOTICE IS HEREBY GIVEN thai the creditors of the abovenamed Company, which is being wound up voluntarily, arc required on or before 6 April IWI to send in their names and addresses and particulars
      244 words
    • Advertisement
      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1085 25 City Flight ETA Flight ETD Abu Dhabi GA895 1225 Adelaide QF81 2010 QF82 2115 SQ227 2200 Amsterdam GA895 1225 KL814 1730 KL8I3 1525 SQ24 2215 Athens 0A471 0015 Auckland NZ25 1825 NZ28 1950 SQ388 2030 Bandar Seri BI421 1105 SQ182 0915 Begawan SQ181 1410 BI422 1205
    1,085 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Upsetting a finely balanced system
      656 25  -  LETTER FROM ANTARCTICA By Paul Mylrea FOR ccnturics Antarctica has been a tantalising but inaccessible wilderness but it is now becoming a magnet for wealthy and adventurous tourists. Drawn by breathtaking sccncry, plus the chance to boast of setting foot where few have been before,
      656 words
    • Article
      MONEY CHANGER RATES
      145 25 As at 3pm yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3340 1.3540 Canadian dollar 1.4850 1.5050 NZ dollar 1 0250 1.0550 Sterling pound 3.2700 3.3000 US dollar 1.7250 1.7400 Local dollars to 100 units of foreign currency Austrian schilling 15.70
      145 words
    • Article
      WORLD TRADE EXHIBITIONS
      59 25 Duration Title Venue Organiser Tel March International Tunn. Italy Torino KspAizioni (39)1165 69 14-24 Home Exhibition S.p.A Mar 14, 15 Tounwn 2000 Shangri-La Malaysian 03-*****14 Hotel. Strategic Kuala Consultant Lumour Sdn Bhd Duration Title Venue Organiser Tel March 15-20 International Exhibition for the Hotel. Restaurant. Catering, Baking
      59 words
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      31 25 Trying, don't forget Finnair conducts a brilliant service to Berlin. And to over 30 European destinations from Amsterdam to Athens Call *****77 for details. We know Europe from start to Finnish
      31 words
    • Advertisement
      Page 25 Advertisements Column 2
      55 25 HOW IDE WAR WHS WON A graphic look at how the Allied Forces put a swift, clinical end to what could have been a long ground war. In the crisp, clear style of The New Paper. Li, I MPiSy' T if V Hi 1 !pi" I f 1 ***** From
      55 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      290 25 5 Set up listening equipment Lh ~mJ in bright colour (6) 111 8 Take advantage of the peopie present (8) i I I 9 A rider about to settle for To pledges (7) T® 10 A scholar urges holding ~*2l j, j back in the country (5) __JBB fIHL HH
      290 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      210 25 Singapore Outlook: Showers over a few areas in the afternoon. Korecast: Maximum temperature 33.6 Assoc humidity 52% Minimum temperature 23.2* C Assoc humidity 92% Hours of sunshine 10.95 Rainfall in mm Nil Rainfall this month Trace Rainy days this month 0 World forecast Asia-Pacific Hi/Ix>* Cond. Auckland 23/17 Rain Bangkok
      210 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      42 25 for course oeu-.» thought y Le*ve Jo cVI N I I <wOuJ OF fOvjß e>(?iSTOJ DID KMOuJ I. rr I To THF" CASTfeCfJ I Tne«cs ft Bus»wess errcojcy €.W>b>TiQN IK TouJN J V COULD —-y <-"* 0301 O EVENING STANOARD CO LTD IM2-IMI
      42 words
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  • Article, Illustration
    Talks should be govt level: Dr M
    425 26  -  Batam development impresses Malaysian PM From Kenneth James, Chitra Rajaram in BATAM MALAYSIAN Prime Minister Dr Mahathir Mohamad yesterday said trilateral talks on the Growth Triangle of Singapore, Johor and the Riau islands should be at the government-to-government level as it concerns relations
    425 words
  • Article
    Lock icon Anti-government fighting rages in six Iraqi cities
    398 26 Agencies THOUSANDS of Iraqi rebels are battling forces loyal to President Saddam Hussein for control of Basra and fighting is raging in at least five other Iraqi cities and towns, United States military sources said yesterday. Remnants of Mr Saddam's loyalist Republican Guards
    Agencies  -  398 words
  • Article
    Lock icon Pessimism grows among Japanese businesses
    407 26 AFP JAPANESE business confidence deteriorated in February as pessimism grew in the chemical, car and steel sectors, although the decline from November was not as sharp as expected, the Bank of Japan said yesterday. The central bank said its quarterly short-term survey of enterprises showed
    AFP  -  407 words
  • Article, Illustration
    Lock icon EC ministers reject bid to cut farm support prices, quotas
    341 26 AFP EUROPEAN Community farm ministers in Brussels have rejected a proposal to keep the EC within its budget by cutting farm support prices and production quotas for the 1991/92 year. But Britain threatened to force the EC into swallowing the
    AFP  -  341 words
  • Article
    Proposed East Asian grouping illogical: US
    238 26  -  Conference on Asean and the World Economy From Chuang Peck Ming in BALI THE United States has expressed concern that Malaysia's proposed East Asian Economic Grouping will make Apec redundant. Speaking at the conference on Asean and the World Economy, the US Ambassador to
    238 words
  • Article
    Joining Asean: Koh lists key conditions
    200 26 MALAYSIA'S proposal to expand Asean to include Myanmar and the Indochinese countries got support front Professor Tommy Koh, the Director of the Institute of Policy Studies, yesterday. But Prof Koh tagged on three pre-conditions for their membership: these countries must agree to Asean's Treaty
    200 words
  • Article
    Matter of time before Tokyo exerts clout: Kissinger
    430 26  -  From Shoeb Kagda in BALI GIVEN Japan's history and economic might, it is only a matter of time before the country exerts its political influence on the global stage and in the Asia-Pacific region in particular, according to former US Secretary of
    430 words
  • Article
    Indonesian minister allays fears of rupiah devaluation
    309 26 INDONESIAN Finance Minister J B Sumarlin yesterday allayed fears of a possible devaluation of the country's currency when he addressed the conference on Asean and the World Economy. Dr Suinarlin said that though the Indonesian government had adopted a tight monetary policy to
    309 words
  • Article
    Lock icon Jakarta sells US dollars
    122 26 Reuter INDONESIA'S central bank sold US dollars actively in Jakarta yesterday, bringing the greenback tumbling back from early heady levels. Dealers in Jakarta said the selling, which began around 0730 GMT. sent the dollar down an unheard of 24 rupiah in half an hour to 1.926.
    Reuter  -  122 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      180 26 M I MnF=)ESC=l —II The Richness Of Leather Handmade To Perfection. Arab bankers may punish foreign banks, Pg 7 Gulf war hurt some Asian nations: UN, Pg 8 Kuwait to favour US, UK, France over contracts, Pg 9 More dynamic Kuwaiti private sector seen, Pg 9 Editorial, Pg 10 FOR
      180 words
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      Page 26 Advertisements Column 2
      52 26 IVIIIDF^^Sdl —II The Richness Of Leather Handmade To Perfection. tt :£f .:|ff v f :^g The Researcher's Advantage INVEST A M AT IC An On-line Investment Research System for Far East Equities H > II SINGAPORE 225-1595 MALAYSIA (03) 261-5331 lIONG KONG 877-2284 9L 4 s V"' V V $SBf
      52 words
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  • Shipping Times
    • Article
      Lock icon HK, M'sia sign air services pact
      188 27 Bernama MALAYSIA and Hongkong have signed an air services agreement, the seventh agreement to be established separately by the British territory from those of Britain. The Hongkong-Malaysia agreement is designed specifically with the provisions of the Sino-British joint declaration in mind and is capable
      Bernama  -  188 words
    • Article, Illustration
      HK shipping companies expected to shift here
      492 27  -  By Selva Kumar SEVERAL Hongkong-based shipping firms arc expected to move their operations to Singapore following the introduction on Budget Day of new tax incentives for the shipping industry. The Trade Development Board (TDB) is also sparing no effort to entice Hongkong shipowners
      492 words
    • Article
      Lock icon Shipping lines welcome drop in fuel costs
      355 27 UPI INTERNATIONAL shipping lines smacked with soaring fuel prices during the Gulf war in the world's largest hunker port are welcoming a drop in costs while shipyards expect a deluge ol orders from war-torn Kuwait, officials said. Joseph Kwok, a director of Singapore's
      UPI  -  355 words
    • Article
      Philippine cargo handlers set to raise charges
      378 27  -  From Al O Labita in MANILA MANILA'S cargo handling rates arc on the'upsurge, making the Philippines among Asia's "most expensive" ports, shipping industry sources say. Not content with last year's hefty rate increases, Manila's cargo handlers arc poised to jack up their charges,
      378 words
    • Article
      More weekly flights to be launched from S'pore
      456 27  -  By Rahita Elias ANOTHER 77 weekly flights from Singapore will be launched over the seven months starting from March 31. Eight of the new services will be offered by three airlines, which will start flying to Singapore later this year. Among them
      456 words
    • Article
      Lock icon Cargo ship refloated by S'pore team
      211 27 Bernama A CARGO SHIP, Western Hope, which ran aground near Pulau Angsa close by Port Klang on Saturday, was re-floated on Sunday night by a salvage team from Singapore. An officer and three divers from Smit Tak Singapore Ptc Ltd used a tug-boat, Smit
      Bernama  -  211 words
    • NEWS SUMMARY
      • Article
        Fuel: whipping boy for US airlines
        37 27 EVERY time the price of fuel rises, the US airline industry shouts foul. But it wasn't fuel alone that brought it to the brink of disaster. Perry Flint reports Page 2
        37 words
      • Article
        European car sales expected to plunge
        77 27 CAR sales in Western Europe, hit by recession in key markets, could drop by as much as a million vehicles this year despite the quick end to the Gulf War. industry analysts and research institutes say. The experts. canvassed ahead of tomorrow's opening of
        77 words
      • Article
        Consortium to build regional transporters
        59 27 GERMAN. French and Italian aircraft makers are to form a consortium to build a new 80-130 seat transporter and to distribute jointly their range of regional transporters. The consortium to develop and build the new transporter, combining Deutsche Aerospace (Dasa), Aerospatiale of France and Alenia
        59 words
      • Article
        GM selects plant to build electric car
        44 27 GENERAL Motors Corp took a big step on Monday towards producing the first commercially available electric car in modern times, announcing that it had selected a small factory in Lansing. Michigan, as the production site Back Page
        44 words
    • LOG BOOK
      • Article
        BA offering 100pc discount on the ground
        88 28 BRITISH Airways said it is offering US customers discounts up to 100 per cent on the ground, with US$3OO (Sssl3) oft many of the products featured in its spring/summer holiday programmes. The offer extends to most British Airways ground products, including its already
        88 words
      • Article
        Jordan airline drops surcharges
        77 28 ROYAL Jordanian Airlines said it was dropping passenger surcharges imposed during the Gulf war and would resume flights to the Gulf, the Far East and Europe from March 10. "The insurance companies have decided to cancel the premium for the war risk, Agel Baltaji, the airline
        77 words
      • Article
        Italy to deregulate air fares
        72 28 ITALY'S cabinet has approved a proposal for a limited deregulation of domestic air fares. Transport Minister Carlo Bernini said under the proposal, fare changes would no longer need the approval of a government panel. Fares would automatically change unless the transport ministry vetoes them within
        72 words
      • Article
        NWA cuts ticket prices
        101 28 NWA INC's Northwest Airlines said papers in more than 40 US cities will carry coupons from the airline offering discounts of up to US$lOO off most ticket prices. The coupons offer a savings of about 20 per cent to the most popular destinations and apply to
        101 words
      • Article
        Interflug may be revived
        78 28 THE former east German national airline Interflug could be revived, according to a report in the magazine Der Spiegel. Two charter companies have expressed interest in the airline, which recently halted most operations, with its owner the Treuhandanstalt. the magazine said. Der Spiegel said travel firms
        78 words
      • Article
        NTT plans record investment
        75 28 JAPAN'S Nippon Telegraph and Telephone Corp said it would make a record plant and equipment investment of 1,850 billion yen in the year to March 1992. The figure represents a 7.5 per cent increase from the forecast for the current business year ending this month, an
        75 words
    • Article
      Lock icon Fuel: whipping boy for airlines
      1941 28  -  Every time the price of fuel rises, the US airline industry shouts foul. But it wasn't fuel alone that brought it to the brink of disaster. Perry Flint reports Perry Flint Air Transport World Between 1985 and 1986, US airlines saw the average price of
      Air Transport World  -  1,941 words
    • Article
      WEEKLY FREIGHTS
      656 28 THE DRY cargo market remained marked by strong demand. particularly in the grains sector, over the past week, resulting in further increases in rates. The Baltic International Freight Futures Exchange (BIFFEX)'s Baltic Freight Index finished the week 36 points ahead of its previous value despite a slower advance
      656 words
    • Article
      THE SHIPPING GUIDE
      12661 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advaneed dates are published for a maximum
      12,661 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        623 43 VmmI Voy Wo Bwth Anvil Dtpytut Keppd Wharves Bayswaterll8 ****** K33 alongside 05 03/1400 Kota Bdhti E 886 K31 aiongs.de 07 03/0600 Ming Summer 1/91 K32 alongside 08 03/1500 NILE 211 K30 alongside 05 03/1800 Ah Danaos 03WB C10 05 03/1930 06 03/0800 Cora Pcess 010 (P)
        623 words
      • Article
        CONTAINER SCHEDULE
        1394 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booting/Balance Rstts Ship Voy No Etb/Btr Period From To From Acfitergracht AG11S 07/0700 2 05/1700 06/0659 06/0900 J 3 06/0700 06/1159 06/1400 Aft Jade 37A 06/2100 1 05/1500 05/1659 05/1900 ACX Rose 10 07/2300 3 06/0700 06/1159 06/1400 4
        1,394 words
      • Article
        DAILY FREIGHTS
        1107 43 CHARTERING of cape-sizc vessels featured in the dry cargo freight market on Monday as I single voyage grain rates continued to rise, brokers said. This was reflected in a further seven point rise in the Baltic Freight Index to 1,714. The key US Gulf to Europe grain route
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        IN MALAYSIAN PORTS
        326 43 Poft Klang Berth at South Port on Mar 5: 1 Bum Ik; 2: Soon Hoe. 3: Tong Yee; 6: Yong Hua; 7 Builder; 7A Melaka Jaya III KCT: 10: Gulf Bridge North Port: 12: Pan-Lepishinsky; 13: Mong Show Skan. 15: Hong Mao Hai: 15: Sufa; 16 Trident
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      Lock icon European car sales expected to plunge
      525 44 Reuter CAR sales in Western Europe, hit by reeession in key markets, could drop by as much as a million vehicles this year despite the quick end to the Gulf War. industry analysts and research institutes say. The experts, canvassed ahead of tomorrow's opening
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      Lock icon Consortium to build, market regional transporters
      253 44 AFP GERMAN, French and Italian aircraft makers are to form a consortium to build a new 80-130 seat transporter and to distribute jointly their range of regional transporters. The consortium to develop and build the new transporter, combining Deutsche Aerospace (Dasa), Aerospatiale of France
      AFP  -  253 words
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      Lock icon GM moves to build electric car
      508 44 NYT GENERAL Motors Corp took a big step on Monday towards producing the first commercially available electric car in modern times, announcing that it had selected a small factory in Lansing. Michigan, as the production site. Although GM provided few details, citing competitive factors,
      NYT  -  508 words
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      264 27 SHIPPERS A) Far East/Gulf TVade Lines to reduce Temporary Additional Risk Surcharge (TARS) In the light of the recent reduction in costs relevant to the Temporary Additional Risk Surcharge (TARS). Shipping Lines (VIZ. Kawasaki Kisen Kaisha, Maersk, Mitsui Osk, Nippon Liner System, Nippon Yusen Kaisha, Orient Overseas Container Line, P+O
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      162 27 i UNITED I mia LEASING A SERVICES PTE UP Call Tel: *****13 (15) Container Schedule 1/ Dady F remits 17 Index to Advertisers 3 Shipping Guide 10,11 Stops in Port 17 Singapore Tides 17 Weekly 2 Weather and Sea Conditions 17 RESTORE RATES FROM IST APRII 19 9 1 Shipping
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      89 28 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Wo 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
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      Page 29 Advertisements Column 1
      2239 29 O JARDINE SHIPPING AGENCIES vl IW to AO Cantonment Road #12 OS Southpoint, Smgapofe 0208 mvVVfr f-l *****1! If IEX NO RS ***** ■rflnrmvß terminal cfs ret *****1s 220 BOOKINGS Tel *****34 258 L VWQT M pesaka jardine shippinc agencies SON BHD PORT KELANG lEI *****18 TELEX NO MA***** MA*****
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      Page 29 Advertisements Column 2
      1309 29 MDEX 1 TOMWKIjSERS Pane Col Col j a Liner Shpg 16 3 I Lizena 15 II ABC Containerline 13 5 Uoydßras.le.ro 12 2 Accord Group 8 1-3 •LloydTnest.no 4 1/2 15 I Lucky Seaway 15 3 Ahrenkiel Liner 16 3 Lykes L ines 5 Albatros Sea-Air 14 3 O Alfred
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      2918 29 NEXT VESSEL TO JAPAN AND HONG KON6 TORBEN MAERSK V. 0104 ETA 16/3/91 Vessel Voy ETA I ETO "Port "Penang DESTINATIONS Singapore Kelang Ihi* wee* Marc Mee'%* 9'04 Feede' by si (*OO MRS HHI Hi CFS 4 J iy* MBS M Tauro OAK IGB MOU MEM ATL MIA CMS BAL
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      1339 30 *1 j |rottedam/| VOY NO S POHE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE pgppa HONGKONG EXPRESS 99/109 7/3 28/3 26/3 25/3 CQQ, KAGA 17/309 10/3 27/3 29/3 1/4 2/4 U——J KURAMA 99/110 14/3 4/4 2/4 1/4 1. Ml •BTIOUNO FRANKFURT EXPRESS 55/310 17/3 3/4 5/4 8/4 9/4 KELAIW PENANC CARGO TOKIO
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      Page 30 Advertisements Column 2
      508 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SKASPAC I 26-29/3 11/1 11/1 IS/I ALSO ACCEPTINC CARGO VIA SUVA TO LAUTOKA PAGO PAGO. APIA NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP CALLAO SAN (PERU) ANTONIO SEASPAC I 26-29/3 2/5 3/5 7/5 6/5 8/5 Agents: SINGAPORE: *****56 I VPfeSAKA JAROINK
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      Page 30 Advertisements Column 3
      1449 30 &Mamm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUAOPE VSL/VOV SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) JAPAN SEA 052W 08/03 29/03 30/03 03/03 04/04 05/04 06 04 07/04 08/04 NORASIA SINGA 9101 3 12/03 31/03 01/04 05/04 06/04 07/04 08/04 09/04
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      1953 31 aggSteamers Maritime Holdings Ltd gf Pffrit fIfMSTRAITS SHIPPING BHw v fi,,, y —a 1Wsk Containers mjS Vo, No P Hlanj S poie Alg Sou Ant Hot Mb* c LICA MAtRSn 3104 TEX 28.02 09 03 21 03 2/03 28/03 0204 ACttflS mil »«■<-■> TOKYO BAY (J502 8 TIR 0303 0903
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      1831 31 TO: U S A /PANAMA EM- II S A /PANAMA Ti 'Si a: s sr k gf j» 5 i Ts CHOYANG VICTOR* ET 110 10 124 H.« 21* I*,* 30 .1 i 1 j 20 3 JK.KKSTJrSS Si S! T, ,S SS i« SKtfWV!. 'ti m S S ffi
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      383 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL CHAMPION COSMIC COSMIC COSMIC TRADER CHALLENGER TRADER PIONEER (2nd Call) VOV NO IS 5 16 16 Spore 1/3 8,3 17/3 203 P Kelang 5(3 15/3 22/3 Penang Yangon Mongla Chittagong Calcutta Yokohama Nagoya Osaka Senboku Kobe 17/3 NOTE ALSO CALLING
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      825 32 WW CR NBR **********0 D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VM VOY S PORE ROAM ADAM H BURG BREMEN ANTWERP IRIAS UNIIt UUWB ltxl 15/4 21,4 26/4 30,4 SHIWIIAYA IMB 2%3 6(4 US 1b,5 205 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subiect to Inducement Also accepting cargo to Caaablanca.
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      Page 32 Advertisements Column 2
      774 32 @J£ j& isl 'M. HANJIN SHIPPING KfDtR Wit SIN Ll« HAUL LAX OAK u.. Spore lEH RT* AMR HAM BRV F£l HANJIN StATTU 01/ i M H TONGHAt Mil 14 MANJIN ROITfRDAM OHW I >< j 11) ,1 I HANJIN lUNGHAE Mil 113 DIRECT 1,4 44 HANJIN SEATTLE 01/W li
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      Page 32 Advertisements Column 3
      117 32 POL (M) SDN BHD I 35. Ist llr.. Jalan Cungati. Port Kelang Tal: 3M92M. 3CM870 W Malay»ia/S pore to E Malaysia Service Pen Pfclf PG S'aore UK Sdfc T*u I Data Pacific Sifnudn V?9l mPt f 14 IS 3 ***** Cheung Mn* Vfli in Pt WJ 110 3 Sabarj Satu
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      Page 32 Advertisements Column 4
      1423 32 It nirc dc <.» f?> S Ts* 1 W KLC PUS HRT 0S NCY 11,0 LAX CMS BAI N,rC LMV N RD > MBC PSO CMB PKL SCP J i?! Si 2! 3 213 nl 30 3 31 3 1 4 12 4 244 244 284 ;S W S5 io
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      1465 33 IPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48'. TERMINAL OFFICE :*****22 DOCUMENTATION DEPT: *****44/*****14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 K L P (o3) E 26W3^ H p Kelang-(03) *****87, Penang (04)
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      Page 33 Advertisements Column 2
      526 33 y Inf. Multi-Modal Forwarder SEAFREK3HT BOOKNGS: 222 0717 mnri A AFFREIGHT BOOKNGS: 545 4255 SrcCAHCiQ A fax.-**********7*68 'lAsrmiUßOPtmm J, [«K0 i *iP B CZECHOSLOVAKIA 10/3 N COUWBO 11/3 HUNGARY 10/3 V BOMBAJ ROMANIA 10/3 Mimjc 93 YUGOSLAVIA 10/3 "J" 55 RIIIGARIA 10/3 CHITTAGONG 9/3 BULbAKIA IU/J /Ay>?rjl CALCUTTA 9/3 EUROPE
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      Page 33 Advertisements Column 3
      997 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) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VtSMLS VOYAU |SPO«H hUOKC VOTAGf SPOPf PKIANC MBU*C B HAVEN TILBUHT ROTT ANrWERP
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      Page 34 Advertisements Column 1
      1662 34 9 t r AS AGENTS KAWASAKI SINGAPORE (PTE) LTO ICR No 1244B*****0M) TEL *****77 TELEX KAWAKIRS23I6S FAX *****79 1 I M I I V MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD IJkj; JL Jk TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 ■■■■I K WVAS AKI KISI N K
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      Page 34 Advertisements Column 2
      1295 34 PHILI-ORICNT UN€5 PT€ LTD 108 ROBINSON ROAD #0/ 00 GMG BUILDING SINGAPORE 0106 TEL *****22/**********1800 TELEX RS ***** PHIL I FAX *****76/*****38 BY AIR. LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER Ol SINGAPORE FREIGHT FORWARDERS ASSOCIATION £1(1^ 11 MAR MONTREAL, OTTAWA. TORONTO. VANCOUVER, ONTARIO. 11 MAR
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      Page 35 Advertisements Column 1
      1625 35 PACIFIC INTERNATIONAL LINES (PTE) LTD KK B iBWI PH. Building. 140 Cecil Street #03-00, Singapore 0106. JAKARTA .1 BANGKOK "1 VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN GOWA 9104 10/3 12/3 SEA GLORY 9108 7/3 '0/3 1 KOTA PANJANG 9108 11/3 13/3 17/3 MAI HUI 9109 8/3
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      Page 35 Advertisements Column 2
      1300 35 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN NL Deiima' 058 13/3 30/3 31/3 2/4 3/4 Alsia f 068 18/3 4/4
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      Page 35 Advertisements Column 3
      362 35 M MYANMA pHBk FIVE STAR LINE \A (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIg Pen P.Gdg HPA-AN VI6OW In Pt MYOMAYWA VI33W In Pt MERGUI Vlo4* 810 Mar S/7 Mar THE BANK UNI (A lervlc* of Andrew W#lr Shipping) SEMI-CONTAINER SERVICE \l HEAVY LIFT CAPABILITY I EXPRESS TO
      362 words
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      Page 38 Advertisements Column 1
      826 38 I tmfAL CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: EUROPE 10/3 19/3 LONDON ROTTERDAM FELIXSTOWE ANTWERP SOUTHAMPTON HAMRURG MANCHESTER LE HARVE AND ALL EUROPE INLAND DESTINATIONS FAR EAST PORT KELANG 8/03 15/03 MANILA 14/03 4 21/03 PENANG 8/03 15/03 BUSAN 9/03 16/03 BANGKOK 10/03 14/03 TOKYO
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      Page 38 Advertisements Column 2
      1223 38 EXPORTS TO HONGKONG. TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE ,i OUTBOUND VOY PKL PNC JKT SIN HKG KAO KEE TYO SUM NGO KOB VESSEL VOY SIN PKI PNC BLW SIN ACX ROSE 10 9/3 *2/3 8 3 H/3 20,3 21 3 EQUATOR PRIDE 818 7/3 1/3 »3 ACX
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      Page 38 Advertisements Column 3
      239 38 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETD LOADING FOR DELI INDAH 8,331 9,-3/91 PK BALAM NAGA JAYA DOCK LAMPUNG JAYA 12 391 13 391 PANJANG PALEMBANG PINANG JAYA In Port 10 391 PANJANG PERITA JAYA In Port 7 3.91 PANJANG PALEMBANG ABADI JAYA
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      Page 38 Advertisements Column 4
      1592 38 SP 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: *****42 (JAKARTA) MALAYSIA'S AGENTS CHUNG CHIAO SHIPPING SDN BHD TEL *****91 (KL) ft *****1 (PENANG) GUAN GUAN SHIPPING SDN BHD TEL
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      Page 39 Advertisements Column 1
      918 39 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 TO ALL OUR VALUED CUSTOMERS, FRIENDS AND BUSINESS ASSOCIATESANNOUNCING 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 TEL: *****22/*****89 Port
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      Page 39 Advertisements Column 2
      310 39 fS RICHFIELD MARINE AGENCIES (S) PTE LTD Sk TEL: *****33 (12 Lines) m FAX: *****15/*****03 tXJ] TELEX: RS ***** RISHIP (3 Lines) r<t\ ETHIOPIAN SHIPPING LINES y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL 'VESSCL IVOV ETA ItOADING FOR spoik fABBAV WONZ .'HWB H) 04 DARt SSAI AAM MOMBASA
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      911 39 w_P.T. MASKAPAI PELAYARAN P»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
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      Page 39 Advertisements Column 4
      460 39 SYDNEY/MELBOURNE BANGKOK VESSEL VOY S PORI SYD wtl jVESSEL VOY SINGAPORE BANCKOK PIYA BHUM 0302S 15 16/3 71 30/3 01 03/4 4SN Wed 6/3~ Sat 9/3 PIANtTA 0«4/S M-<g/4 14 16/4 18-20/4 NANTA BHUM 31N Thur //J Sun 10/3 PIYA BHUM 05Q3S 14 15/4 27 29/4 01 03/5 SIRI BHUM#
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      Page 39 Advertisements Column 5
      425 39 TO AUSTRALIA/NEW ZEALAND [~vit [sin iFrtoi E5 |Syd I*act InPE |P CHALK ANTWERPCN »7 H3 M F5 7m 1M INT EXPRESS M 22/4 M 4 5fS M 145 1M SI ELLEN HUOIG 219 51 111 51 2fcs I* 44 brussel 271 SI 51 b» loi 1W T7« If* TO USA/CANADA
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      1285 40 A NIAC-NELS SINGAPORE export tel: *****22 11 import tel *****02 TEL (04) 634b38 KK TEL ((>88) 24P250 IAWAU TEL (089)//86/9 I Z l P KELANG TEL (03) *****77 KUCHtNG TEL (08?) *****3 SKAN TEL (089) *****2 HW\- I J BAHRU TEL: (07) *****2 SIBIJ TEL (084) *****2 SAHIKLI TEL (084)
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      Page 40 Advertisements Column 2
      408 40 Ifgfc, BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCI. FOR AUCKLAND, NAPIER, WELLINGTON. BLUFF, CIIRISTCHUKCII. DUNEDIN. LYTTELTON. INVERCARGIL. FIJI AND TAHITI SIN N PtV AUCK LYT PROSPECT US 6 Mar 18 Mar V«» NPJ. 20 Mar
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      Page 40 Advertisements Column 3
      829 40 /3EI THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH «SSEL [VOT |ETA [PEST VESSEL VOT ETA PEST KIM SOON LI 8/91E 08 MAR PENANG EQUATOR
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      Page 40 Advertisements Column 4
      351 40 MJJORBUL K\ NORBULK CARGO SERVICES LTD. I REGULAR CONVENTIONAL I TIMBER AND PLYWOOD SERVICES SP PK LOADING FOR I YARTSEVO NB 126 In Pt ROT ANT UK I MUIPHA SUBANG NB 127 13,3 153 ROT ANT UK I NORBUIK NB 128 28 3 30 3 NTS/ROM'ANT/UK I ISWK SABAH LOADING
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      964 41 SffewN 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 SHAPLAEVERETT 12/14 Mar 15/17 Mar KAMALEVERETT 27'29 Mar 30 Mar 02 Apr 0507 Apr THOMASEVERETT 16,18
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      Page 41 Advertisements Column 2
      556 41 r WSL Ivor Is PORE JMAINIINIR IIAX Ikst |sav Iwtc [h>x~| UEWARO 7E «3 ZiM SAVANNAH 131 27 4 *4 IS 2iM EILAT UE 15 3 Ml SAVANNAH 13 4 21» 27 4 15 2IM PIRAEUS 127E 213 Ml CANAOA 2S 4 4S 7 5 '5 "5 ZIM MOHSiUNG L»»E
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      787 41 |A| SING KWANG HANG SHIPPING 4 T RANSPOR TA T lON (PTC) LTO WWiM WEEKLY LCL/FCL SERVICE VESSfcI ISPOHE IJAKARTA [SURABAYA MEKHANIK KURAKO V 51N 07/3 I&3 JENWEL V 167N |tl/3 IM/3 VESSEL 7 SPORE BANGKOK A VESSEL !o£3 A VESSEL 13/3 16/3 DESTINATIONS ETA SINGAPORE PORT KELANG 08 MAR
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      595 41 PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PMASfcTIA 151 A 07/03 1003 JATIOIHI 9?? 09 03 1203 PHASE TIA 153 A 14/03 17 03 JATIOIHI 923 16 03 19'03 TANTO UTAMA 147 12 03 14/03 TANTO UTAWA 149 20/03 23/03 TANTO
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      439 41 UN FAW EAST 10 3 KEELUNG KAOHSIUNG 9 3 BANGKOK 12/3 MANILA CEBU 9 3 JAKARTA BELAWAN SURABAYA 9 3 PORT KELANG PENANG E. Malaysia 9/3 BUSAN 8/3 TOKYO YOKO KOBE NGO OSA 12/3 HONG KONG SIN CHINA 12 3 GUANGZHOU HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN SHANGHAI/XINGANG TIANJIN QINGDAO HAIKOU also accepting
      439 words
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      701 42 Mv CB SHIPPING te) MARINE SERVICES NORTH QUEENSLAND PAPUA NEW GUINEA SERVICES SERVICE "ANKE" SERVICE lAM SPt TU BA-M 4. At PCM I Villi 1 ma *.'!S9 a 1 -1 »2450 PNG BUNKER SURCHARGE TEU ■*> B BULK uso ioe LCI uso i» m Strains Container Agencies (a member of
      701 words
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      Page 42 Advertisements Column 2
      436 42 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSfcI VOY ETA SPORE NAPLES GENOA ILYtCHEVSK MERSIN TRIESTE VO2 9IW 11/3/91 5/4/91 26/3/91 31/3/91 KV I VO4CW9I 17/3/91 114/91 12/4/91 17/4/91 IY V 03 ItW 20/3/91 17/4/91 7/4/91 12/4/91 (3 A V 05CW91 3/4/91 26/4/91 27/4/91 2/5/91 AN V 04 9IW 6/4.91 1/5/91 21/4/91
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      Page 42 Advertisements Column 3
      554 42 SIN PTL DBN RBV IALS DANAOS VO3A 05/03 15'03 19/03 23>03 |ALS AMAIIA VO4W 2t/03 31/03 05-04 I I 8 VESSEL VOSW 06/04 16-04 21/04 I (Accepting FCI and LCL tor Johannesburg VESSEL RBV OBN PTL SIN KEE BUS ALS STRENGTH VOIE 22/02 «!6'02 03/03 13/03 22/03 26/03 ALS ENDEAVOUR
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      Page 42 Advertisements Column 4
      529 42 Clill con -mm imißmoDafo J LCL/FCL SERVICE FROM ff X/ W I El ffil jfiß £Eflyop*nrt**o¥*rooot*imtnsl*/offlo*itnU.&A. i II flßi m CUM maintain* ov*r 35,000 tractor* trucks. II Jew™- over 60,000 point* in USA I_l CUMoffarratisbt*LCl/FCL**rvto»*. Gwwril Agantr 7RAMSTL/JWC PENANG KL: ziu/foiwx SINGAPORE: S&gr 04-*****2 03-*****59 778 6922(22 linesi SETA Marina
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      Page 42 Advertisements Column 5
      556 42 /Ox SETH SHIPPING CORP SON BHD Jm£m PT KUUK m HUttlM IMI FM*****11 V UW PENAMfi TEL 04 *****1 fU 04 136M3 SKAH TEL 0M214M2 SISU TEL: 084 3IU2Z TAWAU TEL *****M71 TEL *****2250 KUCH TEL 012 *****3 M'SIA TO USA/CANADA CONTAINER SERVICE FUOtR VOY PtN I PKL I SIW
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      472 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 21 26 28 2 7 25 19 1.3 09 06 05 06 09 15 20 2
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      Page 44 Advertisements Column 1
      412 44 CHARTPOINT Every Saturday in Business Times jPT- PELAYARAN. samudra agung POH AIK 184 6/3 BATU AMPAR/SEKUPANG/BATAM SAMUDERA 102 11/3 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 for
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      706 44 /HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI INNOVATOR 39E 9/3 14/3 1/4 4/4 7/4 6,4 CGM PASCAL 01# 5/2 12 10/2 2t/2 9/i HYUNOAI EXPLORER 38E 16/3 21/3
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      Page 44 Advertisements Column 3
      727 44 CHARTPOINT Every Saturday in Business Times FAR EASTERN FREIGHT CONFERENCE SARAH. RRUNEI AND SARAWAK FREIGHT CONFERENCE Notice to Shippers/Receivers Middle East Emergency Surcharge (MEES) The Conference Lines are pleased to advise that following the cessation of hostilities and a sharp reduction in the additional operational costs involved, MEES will be
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