The Business Times, 11 March 1991

Microfilm: NL17466
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Monday, March 11, 1991 75
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  • NEWS SUMMARY
    • Article
      Nato not in danger from W European move: French PM
      53 1 FRENCH Prime Minister Michel Rocard yesterday reassured the US that plans for Western European unity on defence are not directed against Nato. He made the pledge in Washington on his first trip to the US since he became premier nearly
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    • Article
      More Chinese workers in private sector
      55 1 ABOUT 4 per cent of China's workforce are employed in the private sector, according to Liu Minxue, director of the State Administration for Industry and Commerce. He said yesterday that 20.92 million people worked for family businesses at the end of 1990, up 7.8
      55 words
    • Article
      New trend for US
      28 1 VIRTUALLY every American war has sparked a round of inflation, but the Gulf war looks as if it will be an exception Page 8
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    • Article
      Dilemma for HK
      37 1 HONGKONG'S tourist industry, faced with higher taxes that could rub away the colony's image as a shopper's paradise, is in a dilemma over how to persuade tourists to "stay an extra day" Page 8
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    • Article
      Eyes on Cambodian oil
      26 1 SEVERAL of the world's top oil companies are interested in searching for Cambodia's onshore and off-shore gas and oil reserves Page 8
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    • Article
      Danes keen on M'sia
      25 1 DANISH investors have expressed their keenness to set up joint-venture projects, particularly in medium- and hightechnology industries, in Malaysia Page 8
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    • Article
      Higher tech
      26 1 JAPAN'S future construction workers are expected to trade hard hats for computers and oversee armies of robots assembling buildings in factorylike enclosures Page 10
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    • Article
      Beautiful performance
      21 1 THE Singapore Symphony Orchestra gave a beautiful performance of the Minor Mass at last Friday's all-Mozart concert Page 15
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    • Article
      SIA to offer perk
      35 1 SINGAPORE AIRLINES passengers catching connecting flights on Swissair or Delta Airlines will soon be able to check in for both flights at their first point of departure. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Different route
      33 1 MALAYSIA Airlines will be in a better position to expand if it concentrates only on international services while a separate company takes over domestic routes, savs its managing director Page 3
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    • Article
      MIA to query KLSE
      40 1 THE MALAYSIAN Investors' Association will seek more details from the Kuala Lumpur Stock Exchange on the latter's findings on the "missing scrip" problem which the bourse faced in the first quarter of last vear Page 3
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    • Article
      S'wang under fire
      34 1 SEMBAWANG Shipyard has released its best results in eight years but is coming under heavy fire from stock analysts who were disappointed that its income growth was not higher Page 3
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    • Article
      ATT may raise offer
      34 1 AMERICAN Telephone Telegraph Co's board of directors is believed to be considering increasing its offer to acquire NCR Corp and making the offer a stock for stock one Page 6
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    • Article
      Wardley profits down
      30 1 WARDLEY Holdings Ltd has announced a 1990 after-tax profit of HKS32I million (5570.62 million), a steep 38.4 per cent fall from $521 million in 1989 Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 744.56 -3 02 Kuala Lumpur ....601.30 +1.49 Hongkong 3,653.19 -5.05 Tokyo 26,607.52 +209.56 Sydney 1,415.6 +3.3 New York 2,955 20 -8.17 London 2,455.0 +17.3
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    • Article
      CURRENCIES
      20 1 Exchange rates USS SS 1.7440 100 Yen SSI.2781 MS SS0.6382 Money market rates Overnight 2 -2-3/8 3-month 4-5/8% -3/16
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    • Article
      COMMODITIES
      37 1 London Gold AM fix USS367.50 -USSI.25 Rubber S'pore Apr l46.25'/kg +0.50 M'sia Apr 227.50'/kg +0.50 KL Tin Turnover 37 tonnes -8 Spot MS 14.91/kg unch Crude palm oil Turnover 658 lots -456 Mar MS865 /tonne 5
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  • Article, Illustration
    Mystery about Khamis' business links deepens
    476 1  -  By Amy Balan AS MARINA VILLAGE developer Mr Elyamani Khainis spent the better part of Sunday in discussions with Commercial Affairs Department officers, the mystery about his international business links deepened. A news release issued by Marina Village last August described Mr Khamis as
    476 words
  • Article
    Bigger loan books for local banks
    537 1  -  Big Four benefiting from Japanese banks' attempts to trim portfolios By Alvin Tay, Koichi Ishiyama in TOKYO WITH MOST major Japanese banks losing their appetite for international loans because of concerns over the new capital adequacy requirements, Singapore banks are moving in for a
    537 words
  • Article
    SPC share sale helps to lift DBS profit by 14.4pc
    743 1  -  By Alvin Tay THE SALE of a substantial stake in Singapore Petroleum Company (SPC) as well as a bigger loans book boosted the after-tax profit of the DBS Bank group by 14.4 per cent to $286.35 million for the year
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  • Article
    Klang Port privatisation postponed
    150 1 INK PROPOSED privatisation of the Klang Port Authority (KPA) has been deferred to the end of this year. Malaysian Deputy Transport Minister Datin Paduka Zaleha Ismail disclosed yesterday that the decision was made to enable the port authority's management to sort out problems on service con-
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  • Article
    Lock icon Wider disclosure for listed Tokyo firms
    199 1 Reuter JAPAN'S eight stock exchanges will ask listed companies to report certain hidden losses on shareholdings from April 1 and to detail their dividend payment policies when posting results for the current fiscal year. A Tokyo Stock Exchange official said last Friday that the
    Reuter  -  199 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      287 1 MI Jf OTO I The Originator of 111 KAMPOOLI IP a I b8 Orchard Road I [S v V*. mf J #01-07 I'loia Singapura I I t/ (C.round Floor) Singapore 0923 Aircraft Schedule 23 Market Reviews 18 Work) Stocks 20 Ihe Arts 15 Money Changer Rates 23 Commodities 22 Money
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      Page 1 Advertisements Column 2
      160 1 j! pi 1 r Dulux THE BETTER PAINT Marina Village: a business profile, Pg 2 Khamis: a man of mystery Pg 2 HOW TO STAY ONE STEP AHEAD In business, being punctual is always important, especially when a major proposal is being presented to the board, or an international contract
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  • HOME NEWS
    • Article, Illustration
      Marina Village: business still slow
      772 2  -  The Marina Village complex was Moroccan businessman Elyamani Khamis' first development in Singapore. Lim Soon Neo takes a look at how the complex has been doing and at Mr Khamis' other projects in Singapore Lim Soon Neo A FEW WEEKS ago, restaurants at Marina Village
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    • Article
      Khamis: a man of mystery
      272 2  -  By Amy Balan FOUR YEARS after he appeared in Singapore with his plan for an entertainment oasis on 65,000 square feet of reclaimed land, Elyamani K ham is is still very much a mystery. u l worked with him, dined and socialised with him for
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    • NEWS ROUNDUP
      • Article
        Parliament starts Budget debate today
        72 2 PARLIAMENT will be in session today as debate on the Budget begins. Sia Khoon Seong (Moulmein) will ask the Finance Minister whether the Government will mount an exercise to convert all civil servants on the pension scheme to the Central Provident Fund scheme. Chng Hee
        72 words
      • Article
        Mendaki must move faster
        99 2 MENDAKI chief executive officer Zainul Abidin Rasheed said the group will have to move faster and with more flexibility. Mendaki's three-year corporate plan is currently being converted to a five-year plan allowing for input from all Malay or Muslim organisations. But new initiatives will be implemented
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      • Article
        Clearing PIE of jams
        57 2 A $50.5 million expansion project is underway to clear two interchanges on the Pan Island Expressway (PIE) of frequent, serious traffic congestions. The $50.5 million job is part of a $1.1 billion spending plan spread over the next four to five years to ease existing bottlenecks
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      • Article
        Cultural advantage
        73 2 SINGAPORE may lack depth in its cultural heritage, but it certainly has breadth, which can be turned to an advantage, said Brigadier-General (Reservist) George Yeo yesterday during the inauguration of the gamelan orchestra at Aljunied GRC. The gamelan is the traditional Javanese musical system BG Yeo said that
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      156 2 b m J Eh u jr. *r. ♦sac? 9 23*2*- S«* V. K.^ I m INDULGE IN LIFE'S SIMPLE PLEASIIRES The 940 Estate from Volvo. A luxury car designed to rellect your taste for the best in life. With superb handling performance. And a powerful 2.3 litre 16 valve engine
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Lock icon Hiving off domestic services will boost MAS
      410 3 Airline in better position to expand international operations: MD Bernama. AFP MALAYSIA Airlines (MAS) will be in a better position to expand if it concentrates only on international services while a separate company takes over domestic routes, its managing director Tan Sri Abdul
      Bernama.; AFP  -  410 words
    • Article
      Lock icon Response to bumiputra portion of new share issues improves
      524 3 MBT THE oversubscription rates of new share issues under the bumiputra portion have increased tremendously, with many of them exceeding those of the open portion. Of the last 16 new issues, 15 had an oversubscription rate for the bumiputra portion that
      MBT  -  524 words
    • Article
      Lock icon Public Bank confident of doing well
      240 3 MBT THE PUBLIC Bank group views the new decade as one of greater challenge but by cultivating prudence and continued sound management, it is confident of faring well in the *****. President and chief executive officer Tan Sri Datuk l)r Teh Hong Piow said
      MBT  -  240 words
    • Article
      Seeking an accurate forecast
      613 3  -  THE HOCK LOCK SIEW COLUMN The case for listed companies to disclose relevant information By Dexter Lee SEMBAWANG Shipyard released its best results in eight years but came under heavy fire from stock analysts who were disappointed that income growth was not higher. The group reported
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    • Article
      MIA to ask for more details on missing scrip
      473 3  -  From James Shyong in KUALA LUMPUR THE MALAYSIAN Investors' Association (MIA) will seek more details from the Kuala Lumpur Stock Exchange on the latter's findings of the "missing scrip" problem which had afflicted the Malaysian bourse in the first quarter of
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    • COMPANY BRIEFS
      • Article
        Paperwork for Plus project nearly complete
        122 3 SUNGII Bcsi Mines Malaysia and Pilccon Engineering. the two parties concerned in the joint venture on the Projck Lebuhraya Utaia Selatan (Plus) MS33O million (*****.5 million) contract to construct the North-South expressway from Machap to Sedenak in Johor are in the process of finalising
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      • Article
        UMW targets M$2b in sales
        106 3 UMW Holdings aims to garner sales of more than Ms 2 billion (SSI.3 billion) this year, placing it among the top 10 companies in the corporate sector in terms of sales. Last yea*,, it made a record 5i.93 billion. Group managing director Abdul Rashid Abdullah
        106 words
      • Article
        KLI suspension from Mar 13
        125 3 TRADING on shares of Kuala Lumpur Industries (KLI) will be suspended from March 13 until further notice. This is to facilitate the exchange of share certificates pursuant to the composite schemes of arrangement (SOA) under the KLI restructuring scheme. Under the scheme, KLI shareholders will
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      • Article
        Industrial Oxygen sells Hillside
        75 3 INDUSTRIAL Oxygen Inc is selling one of its estates in Negri Sembilan to C'ondoheights Development for M 559.75 million (5538.24 million) cash. The estate known as Hillside Estate measures 662.96 ha. The purchase price values the estate at 536.500 an acre (0.4 ha). Of the total
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      287 3 Will you call me Irom your hotel, darling? A V ANA HOTEL SINGAPORE i.. i 1 C I 1.-II I vlt. K. .t I \IIM\ «s J's Make Your Mark You've Hit The Suite Point! You've hit the "suite" mark at the Holiday Inn Included in the package are also
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Milan aerospace firm to open office in Manila
        71 4 ITALIAN aerospace firm Agusta, in partnership with the state-owned Philippine Aerospace Development Corp (PADC), will open a regional office in the Philippines. PADC president Dwight Penson made the announcement after he and Agusta executive vice-president Domenico Ruiz met President Corazon Aquino. Mr.
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      • Article
        Isuzu to cut output at Thai plant
        65 4 ISUZU MOTORS LTD plans to cut production of 10-tonne capacity trucks at its Thai plant by 2,000 units this year, due to slackening demand following the Gult War. Company sources were quoted as saying that Isuzu, Japan s second large truck maker, revised
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      • Article
        Tycoon is new head of ATV
        72 4 ASIA TELEVISION (ATV) has announced the appointment of business tycoon Lim Por-yen as the station's new head, with Selina Chow stepping down from the post. Mr Lim, 76, has been appointed chief executive officer following a reshuffle at the station last month, when power
        72 words
      • Article
        Hongkong Ferry turns around
        80 4 HONGKONG FERRY (Holdings) Co lifted after-tax profits 43.7 per cent to HK$lOl.7 million in the year ended Dec 31, 1990, a marked reversal from the 20.5 per cent drop to HKS7O.B million (about Ssl6 million) in 1989. However, chairman Lau Chan-kwok has said that the exclusion
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    • Article, Illustration
      Wu to fund property projects himself
      542 4 Delay in Hopewell's building of Bangkok rail and road systems seen likely CORDON WU, the Hong-kong-based building contractor/developer will bring in about 15 billion baht in foreign funds for his mega real estate projects in Bangkok where his company, Hopewell, will develop overhead rail
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    • Article
      New rules could affect Hopewell plans
      337 4 A BOARD of Investment meeting in Bangkok, scheduled for today, has been postponed to allow the new Thai Prime Minister Office's minister to form a committee which will oversee all policy matters and grant final approval to major investment projects seeking promotional privileges, The
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    • Article
      Investors sought to develop land at Thai railway terminal
      255 4 THE State Railway of Thailand board will invite loeal and foreign investors to invest in a multi-billion-baht shopping, hotel and office complex on its huge plot of vacant land at Yarn Phahol>othin freight terminal, the Bangkok Post says. SRT board chairman
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    • Article, Illustration
      Jardines to sell off shares after March 20 results
      645 4 JARDINES is to dispose of some HKS24O million worth of Jardine Vlatheson Holdings shares after having been found to have breached the Stock Exchange of Hong Kong's buy-back restriction. the South China Morning Post reported last Saturday. The British hong admitted
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    • Article
      Cavendish earnings rise 43pc to HK$1.4b
      270 4 CAVENDISH International, targeted for privatisation by fellow Li Ka-shing group company Hutchison Whampoa in Hongkong, has reported an attributable profit of HKSI.4 billion (SS3I3 million) for last year, 43 per cent up on its 1989 result, the South China Morning Post said last Saturday.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      741 4 DBSBANK I THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic of Singapore) H To: All Shareholders H 1. RESULTS FOR THE YEAR ENDED 31 DECEMBER 1990 I The Board of Directors of The Development Bank of Singapore Ltd announces that the audited results ol H DBS Bank and
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    • Advertisement
      Page 4 Advertisements Column 2
      62 4 I FREIGHT LINKS EXPRESS DISTRIPARK I SELF CONTAINED. 3-STOREY WAREHOUSE COMPLEX INCORPORATING 5-LEVEL OFFICES WITH EXCELLENT CONTAINER YARD Strategically located within the Jurong East Business Park Easy access to PIE AYE and Jurong East MRT Station Total lettable area of 175,000 sq.ft. with vanous sizes available Ready for occupation by
      62 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      199 5 v i H B H H H i» i 1t" .*4 '4- iH§ -tv -fiy v.j. *>* %h Jg& w M > I I T I I I I I I II $05 "ijfclV, J?*:* -■*>*. J**'lh» Jst v A *5^ So we'll be brief. Hongkongßank is introducing bills without
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Panel recommends new rules for listing on Amex
        86 6 A SPECIAL PANEL at the American Stock Exchange is recommending new rules for allowing companies with multiple classes of stock to list on the exchange. The panel proposes that companies be allowed to offer classes of stock that carry different voting powers
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      • Article
        Appeal over ruling in Exxon case
        65 6 THE US Justice Department said it appealed a ruling by a federal judge last Thursday that temporarily blocked any settlement of civil claims against Exxon Corp for the 1989 Valdez oil spill in Alaska. Judge Stanley Sporkin issued a restraining order through March 17
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      • Article
        Ya, Daily Telegraph is bidding
        72 6 BRITAfN's Daily Telegraph pic, owned by Canadian Conrad Black's Hollinger Inc, is among several Spanish and overseas groups bidding for a stake in the Madrid daily newspaper Ya. Bilbao-based Corporacion de Medios de Comunicacion SAComecosa, owners of Ya, which was formerly controlled by the Catholic
        72 words
      • Article
        Research on supercomputer
        51 6 JAPAN plans to form a research consortium with the US and European countries to develop a sixth-generation computer with human-like pattern recognition functions. Tokyo's Ministry of International Trade and Industry had asked AT &T, IBM, Germany's Siemens AG and other major European companies to join the 10-year
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      • Article
        Tokyo's second-largest failure
        60 6 JAPANESE REAL ESTATE firm Ogisaka Co filed for bankruptcy protection last Friday, marking the country's secondlargest business failure so far this year. Teikoku Databank Ltd said the Kobe-based company had liabilities of 154 billion yen (about SSI.9 billion) and had been adversely affected by higher interest rates
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      • Article
        Sears raises bid for Next unit
        102 6 SEARS pic has raised its bid for the Grattan mail order business of fashion retailer Next pic to £155 million (about Sssl2 million) in cash from £150 million. Sears' revised bid followed an announcement last Friday morning that Germany's Otto-Versand AG raised its bid
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    • Article
      Lock icon ATT may pay more for NCR
      485 6 Hostile bid in cash could be changed to offer in stocks Reuter AMERICAN Telephone Telegraph Co's board of directors is believed to be considering increasing its offer to acquire NCR Corp and making the offer a stock for stock one, analysts and traders said
      Reuter  -  485 words
    • Article, Illustration
      Lock icon Leisure group failure one of UK's largest
      590 6 FT HARRY GOODMAN'S International Leisure Group (ILG), Britain's second largest travel company, and four related businesses were placed in administration in the London High Court last Friday. Air Europe, ILG's airline subsidiary, had halted all flights earlier. About 25,000 holiday-makers were reported to
      FT  -  590 words
    • Article
      Lock icon Accor to buy 60 new US hotels for US$120m
      284 6 Reuter ACCOR SA plans to acquire about sixty new hotels in the United States during the first half of 1991 with a total investment of about US$l2O million. Georges Le Mener, a senior Accor official, said at a news conference in
      Reuter  -  284 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      219 6 BBH H| to join promises unlimited miles of water MBI mM W and the best possible care of your boat. CAN H H THE mar|na JL- how H Bi I HBH MB THAT BEGINS WHERE cares for you on dry H V All OTHERS END V^l HHA JHB H|H H
      219 words
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  • FINANCIAL NEWS
    • Article
      Wardley Holdings profit falls by 38.4pc
      264 7 WARDLF.Y Holdings Ltd has announced a 1990 aftertax profit of HKs32l million (5570.62 million), a steep 38.4 per cent fall from $521 million in 1989, according to the South China Morning Post. Dividends paid to its parent, the Hongkong and Shanghai Banking Corporation, were
      264 words
    • Article, Illustration
      Lock icon Fed drops short-term interest rates
      333 7 AFP THE Federal Reserve Board appeared to further ease credit in the US on Friday, lowering short-term interest rates with an infusion of liquidity, analysts said. Experts said the Fed's action brought Federal fund rates charged for overnight interbank loans down to 6.125 per cent
      AFP  -  333 words
    • Article
      Lock icon Washington dissolves troubled Lincoln S&L
      436 7 AP THE US GOVERNMENT has dissolved Charles H Keating Jr's Lincoln Savings and Loan Association, closing out the saga of America's most notorious and most expensive failed thrift. Resolution Trust Corp transferred the 28 branches and US$2.l billion (553.65 billion) of deposits of the California-based
      AP  -  436 words
    • Article
      Lock icon Analysts expect Stanchart to cut dividend
      410 7 Reuter STANDARD Chartered pic is expected to be the second major UK bank this year to cut its dividend when it announces 1990 results tomorrow. Midland Bank pic on March 5 cut its 1990 dividend by 50 per cent, the first UK bank to
      Reuter  -  410 words
    • SMALL CHANGE
      • Article
        Westpac releases documents on unit
        92 7 BAD MANAGEMENT and broken promises by the former merchant banking arm of the Westpac Bank cost foreign loan customers about A 512.5 million, according to documents released by the bank last week. The documents, legal advice labelled "absolutely confidential and private", were made public after
        92 words
      • Article
        Bulk of Chase layoffs completed
        93 7 CHASE MANHATTAN Corp had reduced its staff level by about 4,000 employees by the end of 1990, completing the bulk of its targeted employee reduction. Chase's annual report said. By year-end, the bank said last week, it had substantially achieved its restructuring goal of a
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      92 7 This announcement appears as a matter of record only. H PT CHAROEN POKPHAND INDONESIA/ PT CHAROEN POKPHAND JAYA FARM U5520,000,000 REVOLVING CREDIT FACILITY Arranged by BANK BRUSSELS LAMBERT (SINGAPORE) LTD Tranche A Direct Loan Facility Funds Provided by Banque Bruxelles Lambert, S.A. The Sanwa Bank Limited Tranches Standby Letter of
      92 words
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      Page 7 Advertisements Column 2
      191 7 Fed policy pays off, Pg 8 Indonesia is regarded as the land of strong support from our state-of-the-art opportunity. But the fact remains, it is still systems and service back up. a foreign land. It helps then if you have the So if you can see opportunities in benefit of
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  • Page 7 Miscellaneous
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  • THE REGION/THE WORLD
    • WORLD WATCH
      • Article
        Phnom Penh wins back ruby mining town
        83 8 PHNOM PENH FORCES have wrested a major ruby mining centre in western Cambodia back from the Khmer Rouge resistance faction. A senior Commerce Ministry official in Phnom Penh said last Saturday he heard earlier last week that Balaing, a town close to the
        83 words
      • Article
        Thai minister to visit Vietnam
        73 8 NEW THAI FOREIGN MINISTER Arsa Sarasin plans to visit Vietnam after making trips to Thailand's Asean partners, said a Thai Foreign Ministry spokesman last Saturday in reaction to a statement in Hanoi that an earlier invitation to the Thai Foreign Minister remained open in spite
        73 words
      • Article
        Australia gets US wheat pledge
        99 8 THE US AUTHORITIES have promised to avoid disrupting Australia's markets for wheat in the Middle East, according to Australian Trade Minister Neal Blcwctt. "Iraq was our greatest single market," he said in Washington last Friday after a two-day visit. The disruption occurs when US subsidies
        99 words
      • Article
        Autumn polls for Poland
        79 8 THE POLISH CHAMBER OF DEPUTIES has voted to hold the country's first fully free legislative elections in autumn this year, delivering a setback to President Lech Walesa who had wanted the polls held in May. The chamber, or Diet, which is still controlled by a majority
        79 words
      • Article
        Kaifu planning whirlwind tour
        85 8 JAPANESE PRIME MINISTER Toshiki Kaifu, planning an ambitious schedule of overseas tours, has said he will visit the US, China and some South-east Asian countries from late April to early May, according to news reports in Tokyo last Saturday. Mr Kaifu told reporters last Friday that
        85 words
    • Article
      Lock icon Top overseas firms eye Cambodian gas and oil
      112 8 AFP SEVERAL of the world's top oil companies are interested in searching for Cambodia's onshore and off-shore gas and oil reserves, a Commerce Ministry official said in Phnom Penh on Saturday. The government is expected to take bids from international oil companies
      AFP  -  112 words
    • Article
      Lock icon Fed policy on inflation seen as paying off
      548 8 Future recessions may be less harsh than before NYT FROM the American Revolution to Vietnam, virtually every American war has sparked a round of inflation. But the Gulf war looks as if it will be an exception. A barrage of signals including
      NYT  -  548 words
    • Article, Illustration
      Stinking problem for Czechoslovakia
      40 8 Czechoslovak President Vaclav Havel holding his nose during a visit to the Chabarovice toxic waste dump last Friday The dump, situated in the environmentally devastated region of North Bohemia, is one of the largest in Europe.
      40 words
    • Article
      Lock icon China's industrial output up 16.4pc in first two months
      324 8 AP CHINA'S industrial production in January and February rose 16.4 per ccnt over the first two months of 1990, when the economy was on the brink of recession, according to the country's official media. The China Daily said last Saturday that
      AP  -  324 words
    • Article
      Lock icon Canada's jobless rate hits 10.2pc amid bleak forecasts
      408 8 Reuter I CANADA'S unemployment rate rocketed to 10.2 per cent in February, the highest level i since October 1985, and economists say the number of jobless people will rise furj thcr. Statistics Canada, a gov- crnmcnt agency, released figures last Friday showing
      Reuter  -  408 words
    • Article
      Lock icon HK tourist industry braces for higher taxes
      514 8 AFP HONGKONG'S tourist industry, faced with higher taxes that could rub away the British colony's image as a shopper's paradise, is in a dilemma over how to persuade tourists to "stay an extra day". While the industry sighed with relief when the Gulf
      AFP  -  514 words
    • Article
      Lock icon Danes keen to set up joint-venture projects in M'sia
      341 8 Bernama DANISH investors have expressed their keenness to set up joint-venture projects, particularly in medium and high technology industries, in Malaysia. Top executives of several Danish multinational companies in Copenhagen said the Danish investors could come up with the technological know-how
      Bernama  -  341 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      450 8 I F1 I Keppel Finance Limited I (Incorporated in the Republic of Singapore) H Notice of Annual General Meeting I I NOTICE IS HEREBY GIVEN that the 27th Annual General Meeting of the I shareholders of the Company will be held at the Keppel Corporation Limited's I Board Room, 325
      450 words
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      Page 8 Advertisements Column 2
      85 8 AVAILABLE ON REGULAR BASIS FROM SINGAPORE TO INDONESIAN AND WEST MALAYSIAN PORTS. THE BARGE IS MOUNTED WITH SIDE BOARDS COULD HANDLE UP TO 6000 DWT BULK CARGO. INTERESTED PARTIES, PLEASE CALL: I Existing Continental restaurant in the I I main district is seeking for I a partner to run a
      85 words
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  • THE GULF AFTER THE WAR
    • Article, Illustration
      Manila hopes to cash in on post-war opportunities
      777 9  -  Govt eyeing employment and construetion contracts From Al O Labita Jr in MANILA WHEN the Gulf war erupted a few weeks ago, the World Bank tagged the Philippine economy as one of the expected casualties. However, the Philippines has not only squeezed
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    • Article, Illustration
      Lock icon Japan's US$9b contribution may cost it much more
      434 9 Reuter JAPAN'S US$9 billion (S$ 15.7 billion) contribution to the US-led Gulf war ctTort may cost it a lot more than expected because of the sudden strength of the dollar in the past few weeks. And with millions of dollars on the
      Reuter  -  434 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      206 9 9 9 I I Apples. Last October saw the launch of our much acclaimed As well as the ability to read and write MS-DOS.' you can pick it up right now tor peanuts. (Well, virtually) Apple Macintosh LC OS/2* and ProDOS* diskettes. For a demonstration of the new Macintosh LC
      206 words
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  • ANALYSIS
    • Article
      Bringing the future of Asean into focus
      774 10  -  Last week's Asean conference in Bali marked the first time such a large number of prominent personalities from the public and private sectors had come together. Shoeb Kagda was there with them Shoeb Kagda THERE WAS a buzz about Bali last week. The
      774 words
    • Article, Illustration
      Lock icon The automation revolution
      794 10  -  Japanese companies are fighting worker shortage with robots, writes David Thurber David Thurber AP JAPAN'S future construction workers are expected to trade hard hats for computers and oversee armies of robots assembling buildings in factory-like enclosures. Masao Miyaguchi of Takenaka Corp, a construction giant, says such building
      AP  -  794 words
    • Article, Illustration
      A yen for the good life — an Iranian quest
      481 10  - A yen for the good life an Iranian quest Relatively high wages have lured many Iranians to work in Japan. More will ao so now that the Gulf War has ended, reports Fred Joseph from Dubai Fred Joseph ILLEGAL Iranian labour in Japan is expected to increase with the end
      481 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      154 10 I REPUBLIC NATIONAL BANK OF NEW YORK 1 I \X*s) SINGAPORE BRANCH I I Republic National Bank of New York, Singapore, a worldwide gold I I distributor for Australian Nugget, is pleased to announce the offer of I I the latest Australian Nugget Gold Coin series on 14 March 1991.
      154 words
  • Page 10 Miscellaneous
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  • ENTERPRISE & MANAGEMENT 1
    • Article, Illustration
      Lock icon Feeling richer for being rewarded
      1292 11  -  Charles Batchelor looks at the range of impressive incentives devised by small companies to keep employees nappy and motivated Charles Batchelor FT EACH month the manager and staff of the bestperforming shop in Julian Richcr's specialist hi-fi chain can leave their own cars in the
      FT  -  1,292 words
    • Article, Illustration
      What's your worth?
      708 12  -  PA Consulting Group has come up with a management-potential tracking tool which can assess a person's potential to handle future responsibilities using behavioural simulations. Anna Teo reports Anna Teo IF A fool-proof method could be had that predicts objectively, fairly and accurately, the management potential of an
      708 words
    • Article
      When money isn't everything
      468 12  -  Chuang Peck Ming reports on the new emphasis on non-financial indices of business performance Chuang Peck Ming Non-financial indices are starting to rank with financial numbers as the leading indicators of business performance, says a Harvard Business School don. Many companies are paying as much attention
      468 words
    • Article
      MEMOPAD
      169 12 Seminars and courses Dwatioii Mar 12 13 Mar 13 Mar 13-15 Mar 14 Title Tax Planning Strategies For 1991 Telephone Effectiveness Workshop Improving Managerial Skills Managing Projects Venue Glass Hotel Singapore Omni Marco Polo Hotel Singapore Management Hse ANA Hotel Organiser Dominion Conferences Publications Pte Ltd Time/System Singapore Pte
      169 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      341 11 HOW TO IMPROVE THE QUALITY OF YOUR WORKERS WHEN THEY'RE NOT WORKING. To stay ahead of the competition you will understand what quality is, its imneed better quality workers producing better WORKperfect portance, and how to apply quality at quality products and services. The FAST FORWARD way to 100% Right
      341 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      373 12 »wmm«J Imf :i ssss l if j i |f| jEw* v Jill f¥; The latest edition of the 1991 FMM Directory been improved the fast-growing economic climate of Malaysia. This new with more updated information on the Malaysian manufacturing sector to provide you with the total SBp 6 f picture
      373 words
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      Page 12 Advertisements Column 2
      176 12 Management Consultancy SI/ I I T r 1/ Seminars And Training I I I I Business Assistance I L L I T- 11 Manpower Recruitment C 0 N S U I I ANTS •Business Centre Direct Mailing Your family and you hove A High loan quantum of up to 100%
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  • SPORTS
    • Article, Illustration
      Lock icon Edberg falls prey to Forget
      830 13 Champions Cup AP GUY FORGET of France eliminated top seed and defending champion Stefan Edberg of Sweden 6-4, 6-4 on Saturday in the semi-finals of the US$l million (S$ 1.7 million) Champions Cup tennis tournament in California. Forget, the No 3 seed, was to face
      AP  -  830 words
    • Article, Illustration
      Lock icon Strong winds fail to blow Pate off course
      546 13 AP A LATE afternoon storm brought a merciful end to the third round of the Honda Classic in Florida on Saturday with Steve Pate holding a six-shot lead over a lot of frustrated contenders. Pate, seeking his first win on the US
      AP  -  546 words
    • Article
      Lock icon Sainz savours victory in Portuguese rally
      291 13 AP WORLD champion Carlos Sainz of Spain drove his Toyota to victory in the Portuguese Port Wine Rally on Saturday, ending four years of domination by the Italian Lancia team. The young Spaniard led from the first day. He raced almost flawlessly during the
      AP  -  291 words
    • Article
      Lock icon Sabatini to face Graf in finals
      349 13 Virginia Slims of Florida Reuter SECOND SEED Gabriela Sabatini increased her career edge over Jennifer Capriati to 4-0 with a 7-5 6-2 semi-fi-nal victory at the US$5OO,OOO (S$850,000) Virginia Slims of Florida women's tennis tournament on Saturday. The match was a repeat of last
      Reuter  -  349 words
    • SIDE LINES
      • Article
        Senna captures pole position in Phoenix
        96 13 BRAZIL'S Ayrton Senna captured his 53rd pole position on Saturday with a record-setting lap in practice for yesterday's Phoenix Grand Prix, the season opener on the circuit. Senna, the defending champion, raced his McLaren Honda around the revised 3.72-km course in lmin 21.4345ec. smashing
        96 words
      • Article
        Benz takes Daikin title
        80 13 AMY BENZ shot a 4-under-par 68 yesterday and beat fellow American Patty Shcehan by one shot in the 50 million yen (*****,000) Daikin Orchid Women's golf tournament in Japan. Sheehan, shooting five birdies on the front nine, took the lead briefly but lost it with a
        80 words
      • Article
        Berezhnaya leaps for it
        94 13 SOVIET jumper Larisa Berezhnaya upset German world'record holder Hcike Drcchsler on Saturday to win the women's long jump title at the World Indoor track Championships in Seville. Germany's Bcate Anders smashed her own world record in the 3,000-metre walk, cutting it to II minutes 50.90 seconds
        94 words
      • Article
        Farma Way's victory
        75 13 FARMA WAY ended D Wayne Lukas' Santa Anita Handicap drought on Saturday, beating Festin by 2 3-4 lengths to win the US$l million (S$ 1.7 million) stakes in California. The 4-year-old colt made Gary Stevens the first jockey to fet consecutive victories in the event since Bill
        75 words
      • Article
        Barrett in the lead
        62 13 TINA BARRETT made up a one-stroke deficit to go up by one over Briton Laura Davies for the lead after the third round of the US$4OO,OOO (S$680,000) Inamori Classic women's golf tournament on Saturday. Barrett shot a two-un-der-par, third round 70 to get to seven-under, while
        62 words
      • Article
        Lakers outshoot Bullets
        65 13 MAGIC JOHNSON had 25 points and 10 rebounds as the Los Angeles Lakers beat Washington 87-72 on Saturday night, handing the Bullets a franchisc-rccord-tying sixth straight home loss and ninth overall. The 72 points was a season-iow for the Bullets, who did not score in the final
        65 words
      • Article
        Davis wins NZ Open
        58 13 AUSTRALIAN Rodger Davis shot a 4-under-par 67 yesterday to overhaul Frank Nobilo and win the New Zealand Open golf championship. Davis won the tournament for the second time with an 11-under-par total of 273, two shots clear of Nobilo. His round included an eagle at the
        58 words
      • Article
        Tomba captures fourth slalom
        91 13 ITALIAN Alberto Tomba made a dominating first run stand up in Aspen, Colorado, on Saturday, winning his fourth giant slalom of the season and the World Cup title in that discipline. Tomba, who led young Norwegian Lasse Kjuus by 1.19 seconds after the first run, faltered
        91 words
      • Article
        Tanzanian wins marathon
        47 13 TANZANIA'S Simon Mrashani coasted to a comfortable victory in the 1991 Lake Biwa Mainichi International marathon with a time of 2hrs 1 Imin 34secs in Otsu yesterday. Another Tanzanian, Suleiman Nyambui, came in second in 2:12:09 and Japan's Shuichi Yoneshige finished third in 2:12:57.
        47 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      145 13 WORKING UP A SWEAT AT FISCAL FITNESS CENTRE OR HOW EXECUTIVES KEEP FIT Kw- If you're a busy executive with no time tor a good workout, drop latiltii iifim Car* 1 by the Fiscal Fitness Centre r«ira«ir it imi Our professional Fitness In- hhim •m* it*. Ml structors will devise
      145 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      162 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE f^jripV,,,*'' b^^B A 'HEAVENLY 7 FEAST SUMPTUOUS SICHUAN CUISINE. DELICATE YANGZHOU DIANXIN. RICH PIPING HOT STEAMBOAT. LUNCH: 11.30 AM TO 2.30 PM DINNER; 6.30 PM TO 10.30 PM If AMI-MBKR OFCDL hotels Hom.siNCA«j« Havelock
      162 words
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      Page 14 Advertisements Column 2
      346 14 FEAST YOUR EYES 111 111 l ***** ON THE PLUM'S TEWELS ******************** l OF THAILAND From Ist March 17th March five of the finest exponents of Thai Cuisine will masterfully prepare a plethora of appetising dishes. The buffet will be available for both lunch (12 noon 2.30 pm) and dinner
      346 words
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      Page 14 Advertisements Column 3
      328 14 tfawfce*? f Fest Cafe Plaza 5/ TtfauA Tuck into wholesome hawker fare and T& V;s J indulge in local dishes like Nasi Padang, Bak Kut Teh c^ A oO y* and Rojak, plus a range of tempting desserts. At only $16++ (Adult) j™"7 $10++ (Child) Plaza Hotel (fa miSr brmt
      328 words
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      Page 14 Advertisements Column 4
      357 14 |fej i3rit HH WbWB For the next three weeks, British Buffet Lunch BH mm we'll treat you like royal- Manfe 1-21 HI H@H ty at our Bntish Buffet. ~n ESSiRI Noon 2.30 pm E9B& with over 60 traditional favourites, you'll be back Aduh 536 BHrej for seconds, thirds... Child bdow
      357 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      783 14 TELEVISION AND RADIO ■y. iv>■ i 7.30 News(M). 4.40 Streets of San Francisco oiichjCCQ am DArtlrtS I lAn WW SBCI2 7.50 True Colours (Stereo). Sara (Cont'd). PUoB«»vHIiWiU I •I |iJ 1 feels embarrassed when she 5.30 Tlio Road Runner Show (Car-i-/vjvl L f f CLI ICll V 7.00 AM CNN
      783 words
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  • THE ARTS
    • Article, Illustration
      A beautiful, disciplined C Minor Mass
      737 15  -  Julia Chong reviews the Singapore Symphony Orchestra and Chorus' all-Mozart concert Julia Chong THE Singapore Symphony Orchestra's Mozart bicentennial concerts last weekend featured the Mass in C Minor, K 427 with Merlyn Quaife (soprano), Eirian James (soprano), Paul Wilson (tenor) and Michael George (bass)
      737 words
    • Article, Illustration
      Lock icon Compositions that are best left unheard
      590 15  -  There are many works of music that promise great things, but turn to dust when written down and performed. Donal Henahan deplores the existence of scores that sound like World War 111 played backwards. Donal Henahan NYT SOME melodies, as the 19th-century poet John
      NYT  -  590 words
    • Article, Illustration
      Lock icon Black cast finds a place on Japanese stage — finally
      597 15  - Black cast finds a place on Japanese stage finally It took 12 years for Porgy and Bess to get to Tokyo. S L Bachman explains why. S L Bachman AP THE Gershwin musical Porgy and Bess recently made its debut in Tokyo after a 12-year delay caused by a Japanese
      AP  -  597 words
    • Article
      Lock icon Gulf War: the sequel
      575 15  -  Producers and publishers have lined up books, films and music on the recent war in the Middle East, but critics say Gulf entertainment, like most trends, may quickly reach saturation point. David Kalish reports. David Kalish AP WITH portrayals that try to outpower the war itself,
      AP  -  575 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      295 15 AND ENTERTAIN Who Says You Cant Mix Business With Pleasure? MONDAY TO l-Rir)AY-NOON TO rf>T2.3OPM. $31.00 i PER PERSON. At Hubertus Grill, the Businessman's Buffet Luncheon offers you the opportunity to enjoy a sumptuous appetiser and dessert buffet and an a la cane main course in the relaxing ambience of
      295 words
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      Page 15 Advertisements Column 2
      73 15 I V '^f^ >: /i Sv/'-i *-'..> y T^ K i 1 ,OV V>• <£«' *'^m3l^E# '•<' •r' .ij ,<; 1 "*.'"lLl£' *jT :> flfl I^l m?g The freshest, liveliest seafood place in town. You'll have to go a long way to find seafood any fresher. Lunch: 12 noon 2.30
      73 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Stocks rise as correction fails to materialise
      5564 16  -  By Genevieve Cua THE Singapore stock market continued to surge last week despite widespread expectations that the week would sec a correction of what analysts have described as an overbought market. The highlight of the week was Wednesday, when the blue-chip Straits Times
      5,564 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4045 17 Main Board SI A Foreign 18*X) 150 +8 6% DBS Foreign 1390 150 +12.1% Jurong Ship50* 835 +125 17.6% OUE 815 +65 f-8.7% FELS50* 645 +65 +112% OUB 610 +60 10.9% SPC Foreign 356 +52 17.1% GE Life 1480 +50 +3 5% SIA 200 1300
    4,045 words
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  • MARKET REVIEWS
    • Article, Illustration
      Lock icon Bulls charge ahead, nervously
      768 18 Jobs data show no sign of an imminent economic rebound FT THE BULLS charged through Wall Street last week, then grew a little nervous at their own audacity and some unsettling economic data. The market soared on Tuesday, with the Dow Jones Industrial Average jumping 58.41
      FT  -  768 words
    • Article
      Lock icon Stocks follow upbeat trading on Wall Street
      363 18 o|i AFP SHARE PRICES rose on the Tokyo Stock Exchange last week, with investors taking encouragement from strong trends in New York and London. The Nikkei Stock Average of 225 selected issues ended the week at 26,607.52 yen on Friday for a 725.95-yen
      AFP  -  363 words
    • Article
      Lock icon Index advances for the eighth straight week
      819 18 g^HOHGKOHG Sun Hung Kai Research SPURRED on by Wall Street again, the Hang Seng broke through its 1990 high and surged another 2.8 per cent to make it an eighth straight week of gains. Wall Street appeared to have gained a new confidence.
      Sun Hung Kai Research  -  819 words
    • Article
      Buyers have a splurge as index hits all-time high
      907 18  -  10NP0N~ By Ray Heath THE London stock exchange became a supermarket in all senses of the word last week. In a remarkable surge of buying. the Financial TimesStock Exchange 100 Share Index twice broke through its all-time high before settling back
      907 words
    • ASIAN MARKETS ROUNDUP
      • Article
        SYDNEY
        153 18 THE Australian stock market inched up to its highest close for five-and-a-half months last Friday, and dealers forecast new rises. The main market indicator, the All Ordinaries Index, closed up 19.4 points on the previous Friday at 1,415.6, its best since Sep 21, when it was at 1,428.0. "There's
        153 words
      • Article
        MANILA
        82 18 THE Philippine stock market rally went into its eighth week, buoyed by the strong performance of foreign stock markets, bourse officials said on Friday. At the larger Manila Stock Exchange, the composite index closed at 986.35 points on Friday, up 23.79 points or 2.47 per cent from the 962.56
        82 words
      • Article
        TAIPEI
        189 18 SHARE PRICES on the Taiwan Stock Exchange failed to maintain the bullish trend of the past month, plummeting 7.4 per cent last week as most investors were haunted by the government's crackdown on tax evasion. The 226-issuc weighted price index plunged 366.89 points, including Saturday the previous week, to
        189 words
      • Article
        JAKARTA
        174 18 THE OPTIMISM which turned most of Asia's stock markets bullish in the past week finally hit the Jakarta Stock Exchange (JSE), but not enough to prompt a strong rally. The downward movement in prices was reversed on Thursday but trading remained too slow to have any significant impact on
        174 words
      • Article
        BANGKOK
        123 18 THE Securities Exchange of Thailand (SET) index rose 10.31 points, or 1.26 per cent, to close at 827.54 points on Friday, ending a week that saw turnover climb amid investor confidence in a newly-appointed Cabinet. Analysts attributed the revival of the ultra-sensitive exchange to the naming of top businessmen
        123 words
      • Article
        SEOUL
        57 18 THE South Korean bourse closed the week mixed as heavy profit-taking undermined an otherwise bullish market after the end of the Gulf war. The Composite Stock Price Index closed Saturday's half-day session at 681.73 points, up a mediocre 4.18 points or 0.6 per cent from the previous week. The
        57 words
      • Article
        Lock icon BOMBAY
        122 18 AFP PRICES on India's stock markets took a roller coaster ride last week following the shock resignation of Prime Minister Chandra Shekhar's four-month-old minority government. The Bombay Stock Exchange (BSE) sensitivity index fell by as much as 94 points in a heavy bear hammering on Thursday, the day after
        AFP  -  122 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      66 18 MANUFACTURING OPPORTUNITY WITH EXISTING AND GUARANTEED MARKET Expressions of interest are sought by an Australian company from potential joint Venturers to relocate its manufacturing plant to either Batam, Indonesia or Malaysia. Production involves plastic moulding, associated metal fabrication, plating and assembly. Products are high quality and well recognised with approximately
      66 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon NST index jumps 8.2pc to reach all-time high
      4349 19 MBT SHARE PRICES on the Kuala Lumpur Stock Exchange (KLSE) took ofT on a high-spirited bull run last week, spurring the market to rise on all five trading days. Punters were heartened with the news on Monday that Iraq had agreed to
      MBT  -  4,349 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      112 19 SINGAPORT'9I 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 industry and
      112 words
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  • WORLD STOCK MARKETS
    • Dow ends lower on program selling
      • Article, Illustration
        NEW YORK
        1217 20 IN SPITE OF signs that the Federal Reserve has eased monetary policy to bring interest rates down, US stocks dropped sharply in the final two hours of trading on Friday to end in minus territory. Professional program selling was heavy. The elusive 3,000 in the Dow Jones Industrial
        1,217 words
      • Article, Illustration
        LONDON
        770 20 LONDON shares closcd higher on Friday, but well below their session peaks, as an initial burst of buying interest gradually dried up as the day progressed. Prices received their best support on a midmorning surge in the stock index futures market, brokers said. They also noted strong buying interest
        770 words
      • Article
        AMSTERDAM
        369 20 DUTCH shares ended a day of mostly lively trading firmer but below earlier highs on Friday. Profit-taking, early erosion on Wall Street and disappointing results from bank ABN AMRO trimmed earlier gains, dealers said. The bourse had started higher, in line with rising London and Frankfurt markets and firmer
        369 words
      • Article
        Untitled
        129 20 Brussels j Mar 8 Francs FORWARD MARKET Accc 2935 -20 Arbcil 4<)4(> fl4() Astur 1122 <"22 Brascan 546 -2 Canpac 626 -4 Cock 179 M IX Beers 784 f- 20 Ebcs (ib-lnno-Hm 1252 f8 Cicvacrt 8000 f 360 Cir Bru I amh 3950 130 Hobok Pctro 1 1525 50 Ryl
        129 words
      • Article
        FRANKFURT
        325 20 GERMAN shares held on to early gains to close broadly higher on Friday, pushing the 30-share DAX Index above the psychologically important 1,600 point level. Dealers expected prices to rise again at the start of this week. They saw few fundamental reasons for the rally, though some said the
        325 words
      • Article
        ZURICH
        299 20 SWISS share priccs closcd almost one per ccnt higher in lively trading on Friday. Dealers said the firm showings on other European markets and Wall Street's higher opening improved sentiment but the main factor was the return of foreign buyers to the market. The all-share SPI Index closed 10.1
        299 words
      • Article
        MILAN
        182 20 ITALIAN shares traded slightly higher on Friday after a flat opening, with Fiat shrugging off Thursday's news that deliveries to the Italian car market were down 20.23 year on year in February. Fiat ordinary' shares, one of the first to be officially fixed were set at 5,450 lire, down
        182 words
      • Article
        STOCKHOLM
        90 20 SWEDISH shares closed mixed on Friday after an early rally gave way to afternoon selling despite strong early gains in Britain and France, dealers said. "Some nervousness entered the market later on, and sellers predominated," one dealer said. The Bourse General Index rose 0.09 per cent to 1,095.30 while
        90 words
      • Article
        PARIS
        167 20 FRENCH share priccs tumbled from seven-month highs in hectic trade to finish marginally weaker on Friday, un- dermined by a lacklustre opening on Wall Street, traders said. The CAC-40 Index, after peaking at 1,855.77, reversed itself in late afternoon trade to close down 3.71 points, or 0.20 per cent,
        167 words
      • Article
        JOHANNESBURG
        363 20 IN JOHANNESBURG, the stock market ended a quiet and cautious preweekend session narrowly mixed on Friday, with dealers detecting no clear trend in the absence of fresh factors. Quality shares continued to enjoy good support, dealers said, but trading was slow as a stronger financial rand. South Africa's foreign
        363 words
      • Article
        TORONTO
        250 20 MODERATE gains in gold shares lifted Toronto stocks from a weak opening in late trade on Friday, dealers said. An apparent easing in the Fed funds rate to six per cent from 6.25 per cent, signalling lower interest rates, had little effect on the market, they added. "A lot
        250 words
      • Article
        INDICES & TURNOVER
        100 20 INDICES TURNOVER NEW YORK Close March 8 Previous Do» Jones NYSE Financial SAP 500 Turnover (million) 2.955 20 2.963 37 146 07 146 58 ***** ***** 206.9 197 06 -8 17 -0.51 ■0 96 984 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.958 7 2,4550 7362 1.950 6 2.437.7
        100 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ up despite weak jobs data
      449 21 NEW YORK THE US DOLLAR staged a surprisingly strong advance last Friday despite declining interest rates and further negative economic data. Gold prices also advanced. On the New York Commodity Exchange, gold bullion for current delivery rose US$2.BO a troy ounce to settle at
      449 words
    • Article
      Strong demand sends greenback higher against major Asian units
      573 21 ASIAN CURRENCIES ALL MAJOR Asian currencies fell against the US dollar in Hongkong as demand for the US unit grew during the week. The Australian, Hongkong, New Zealand, Taiwan and Singaporean dollars were all down, along with the Japanese yen. South
      573 words
    • Article
      INTERBANK FOREX RATES
      399 21 Cross rates Mar 9 j USS SS MS Dm Yen SFr AS NZS USS 1.7460 2.7310 1.5695 136.80 0.5363 1.3695 1.3038 1.6764 SS 0.5727 1.5641 0.8989 0.7835 0.3072 0.7844 0.7467 0.9602 MS ***** 63.93 0.5747 0.5009 0.1964 0.5015 0.4774 ***** Dm 0.6371 1.1125 1.7400 87 16 0
      399 words
    • Article
      MONEY MARKET
      558 21 Interbank rates s$ Bid Offer Overnight 2 2 1/4 1-montn 4 1/2 4 5/8 2-month 4 9/16 4 11/16 3-month 4 5/8 4 3/4 Overnight mode: 4-5/8 US$ High Ixtw 7 days 6 1/2 6 3/8 1 month 6 7/8 6 11/16 2 months 6 7/8 6 5/8
      558 words
    • Article
      Lock icon Soviet currency law seen as boost to investment
      525 21 Reuter THE SOVIET Union's new currency law eases restrictions that have discouraged foreign firms from investing hard currency in the huge, capital-starved country, a senior central bank official said. The law allows foreignbacked joint ventures to buy and sell currency through a
      Reuter  -  525 words
    • Article
      Lock icon OTC forex options face challenge
      468 21 Reuter OVER-THE-COUNTER (OTC) foreign exchange options, a small but important part of the US$6OO billion (S$ 1,044 billion) per day currency market, are facing a new competitive challenge as organised exchanges try to woo business from the interbank OTC market. "OTC is pretty much the
      Reuter  -  468 words
    • Article
      FINANCIAL FUTURES
      292 21 IMM Mar 8 DCUTSCHCilAHW Open High Low Sett VoJ Op/lnt Mar 91 0.6418 0.6450 0.6367 0.6370 38.415 68,425 Jun 91 0.6378 0.6405 0.6325 0.6330 iUWMXHUMt Open High Low Sett VoJ Op/lnt Mar 91 93.26 93.40 93.23 93.35 165.316 758.758 Jun 91 93.26 93.42 93.22 93.37 jwwesc vm Open
      292 words
    • Article
      PRIME LENDING RATES
      515 21 BANKS ABN Bank 8 Allied Irish Bank PLC 8 American Express Bank 8 Am'Dam R'terdam Bank 8 Arab Banking Corp 8'/« Arab Bank PLC 7V« ANZ Banking Group 8 Ban Hin Lee Bank 7V« Banca Commerciale 8 Banco do Brasil 8 Bangkok Bank 7V« Bank Bumiputra 8
      515 words
  • Page 21 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Demand for M'sian commodities to rise
      257 22 Bernama THERE will he an an increase in demand for Malaysia's primary commodities with the ending of the Gulf War, the outgoing chairman of the Perak Planters' Associi at ion (PPA) said. Mr WT Pereira said demand for the primary commodities took a downward
      Bernama  -  257 words
    • Article
      Lock icon Woodhouse's Malaysian units say they are solvent
      221 22 Reuter TWO MALAYSIAN-BASED palm oil refiners linked to the collapsed Woodhouse. Drake Carey commodity group have announced that they are solvent and are still trading. "We are solvent and will continue to operate as normal with the continuing support of all our bankers."
      Reuter  -  221 words
    • Article
      Lock icon Gold expected to regain lustre in '90s
      211 22 AFP GOLD will revive as the glamour investment of the *****, the Western Australian government-owned Gold Corporation forecast on Friday. The metal will benefit from an extensive collapse ol the international monetary system as Western economics struggle to cope with the at-tcr-shoeks of
      AFP  -  211 words
    • Article
      Oil market stabilises in aftermath of Gulf War
      908 22 REPORTS BRENT CRUDE, the benchmark for North Sea oil prices, appeared to have stabilised in the region of USSI9 a barrel last week in the aftermath of the Gulf War. In London, trading prices advanced early in the week on hopes that
      908 words
  • Article
    PRICES
    1215 22 Rubber RAS (fob in bales) S ccnts/kg Int I RSS CloseMar 4 146.50 Mar 5 145.75 Mar 6 145.75 Mar 7 145 75 Mar 8 146.25 MRELB (fob in bales) M ccnts/kg Int I RSS Close Mar 4 225.50 Mar 5 225.50 Mar 6 227.00 Mar 7 227.00 Mar
    1,215 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      723 22 NOTICES THE COMPANIES ACT CHAPTER 50 Section 290(2)(b) NOTICE OF RESOLUTION NOSTAW TRADING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Nostaw Trading Pte Ltd held at 109 North Bridge Road #03 01 Funan Centre Singapore 0617 on the 4th day of March 1991. the following
      723 words
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      Page 22 Advertisements Column 2
      51 22 READ C H A R T P 0 1 N T EVERY S A T U R D A Y IN B U s I N E S s T I M E S The N Singaporean news for Singaporeans nuprtfix vWvl jvQJ* A '11*'StraitsThim's Subscribe now Call 740-1840/1. k
      51 words
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      Page 22 Advertisements Column 3
      26 22 For further information on which newsstands carry Singapore Business, Her World, Go, Home Decor, Young Parents, please call our Customer Services Section on 740-1839 or 740-1840.
      26 words
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      Page 22 Advertisements Column 4
      11 22 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1100 23 City Flight ETA Flight ETD City Flight ETA Flight ETD Adelaide SQ228 1900 SQ227 2130 l SQ103 0950 MH606 0740 Amman RJ182 1400 MH605 SQ105 1020 1050 SQI 04 MH/SQ 0830 0950 Amsterdam KL841 SQ23 1140 1325 KL842 2105 SQ107 SQ109 1305 1405 670 MH670 0950
    1,100 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Holiday cures take off in Cuba
      495 23  -  LETTER FROM HAVANA By Candice Hughes JIMMY ENGINEER mortgaged his future to come to Havana from India and waits behind thick bandages for his dimming sight to return. Engineer is one of thousands of "health tourists" expected to visit Cuba this year, lured by
      495 words
    • Article
      MONEY CHANGER RATES
      149 23 As at 3pm on Mar 8: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3260 1.3460 Canadian dollar 1.4850 1.S0S0 NZ dollar 1.0200 1.0500 Sterling pound 3.2600 3.2900 US dollar 1.7350 1.7500 Local dollars to 100 units of foreign currency Austrian schilling
      149 words
    • Article
      WORLD TRADE EXHIBITIONS
      59 23 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel March Internal tonal Tunn, Italy Torino Esposi/ioni <39)1165.69 March International CJermany Hamburg Mcsse (49)40/***** 14-24 Home Exhibition S.p.A 15-20 Exhibition for Und Congress the Hotel. GmbH Mar 14. IS Tourism 2000 Shangri-La Malaysian 03-*****14 Restaurant. Hotel. Strategic
      59 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      40 23 Zurich fly to Europe with Finnair. (And the not so well-off too.) Because Finnair flies a superb twice-weekly route from Singapore to Helsinki and then over 30 European destinations. Call *****77 for details. We know Kurope from start to Finnish.
      40 words
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      Page 23 Advertisements Column 2
      41 23 BUDGET BITS Debate on the Budget begins today in Parliament. Where is the money going to? Find out in our graphic snapshots that make the figures easier on the eye. The latest news and much more. From lunch-time. Monday to Saturday.
      41 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      228 23 11 Flower girl who was asked answer 17 Absent oneself from work |j|^ 19 Henry follows war god as 21 A Liberal needs enormous 22 Religious code which re- Mil j verses a to pH 23 Cornish sailor used for 71 j I mopping-up operation (4) > 26 They're a
      228 words
    • Miscellaneous
      Page 23 Miscellaneous Column 2
      213 23 Singapore Outlook: Showers over a few areas in the late afternoon. ForecastMaximum temperature 32.3 Assoc humidity 59% Minimum temperature 24.6* C Assoc humidity 89% Hours of sunshine 10.05 Rainfall in mm Nil Rainfall this month Trace Rainy days this month 0 World report Asia-Pacific Hi/Lo* C'ond. Auckland 24/13 Fair Bangkok
      213 words
    • Miscellaneous
      Page 23 Miscellaneous Column 3
      38 23 frtMUAWE*! t I /R6..ORD6RNUMB6RDB3«^ igncg L?P,-R.C nsi we.HAve.se£HTttYtMGiN -T~ to see.* ft RePcy TO OUR ei.se ...r y Lejtve op LE^6R 9 mPiT S h4O L£TVe-K.._N 7 PMS/ONE. CPW Soe_ IT'S 8369 C EVENING STANDARD CO LTD.. 1962-1991
      38 words
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  • Article
    Lock icon Groundwork laid for new security in Middle East
    509 24 The Gulf After The War Agencies AMERICA and eight Arab states agreed in Riyadh yesterday on the need for new security arrangements and reached a "convergence of views" on other matters in spite of lingering differences on the Arab-Israeli dispute. US Secretary
    Agencies  -  509 words
  • Article, Illustration
    Lock icon End of Gulf war will help economy, says Aquino
    347 24 Reuter THE ENDING of the Gulf war will help the Philippine economy, but the country must prove to major aid donors that it can use their assistance effectively, Philippine President Corazon Aquino said yesterday. "We think that the economy will now
    Reuter  -  347 words
  • Article
    Lock icon South Africa to unveil radical land reform proposals
    330 24 Reuter THE SOUTH AFRICAN government will issue detailed proposals tomorrow to end apartheid in agriculture and reverse the white monopoly on farming land. Officials said a government White Paper on proposals for land reform and faster urban development would be published, the
    Reuter  -  330 words
  • Article
    Lock icon Gorbachev's referendum on union seems doomed
    244 24 AFP, Reuter SOVIET President Mikhail Gorbachev hoped a national referendum on the future of the union, to be held next Sunday, would strengthen his hand when dealing with defiant republican leaders intent on boosting their own rule. But with only a week to go
    AFP,; Reuter  -  244 words
  • Article
    Lock icon Shekhar can stay on until budget is approved: president
    282 24 Reuter INDIA'S president sought last Saturday to counter charges of favouritism by making clear Chandra Shekhar, whose resignation as prime minister caused a crisis, could stay on so that a crucial budget is approved. President Ramaswamy Venkataraman had been accused of
    Reuter  -  282 words
  • Article, Illustration
    Lock icon Tanks patrol Belgrade after fierce street fighting
    426 24 Reuter TANKS kept a tense peace in the Yugoslav capital of Belgrade yesterday after fierce clashes between riot police and tens of thousands of an-ti-communist protesters in which two people were reported killed. Dozens of tanks and armoured vehicles with rocket launchers and
    Reuter  -  426 words
  • Article
    Lock icon E Europe urged to boost savings to finance reforms
    308 24 AFP THE SOVIET UNION'S former allies in Eastern Europe must boost domestic savings to finance their economic reforms, say senior European finance officials, citing the threat of a world credit squeeze in the wake of the Gulf war. Key Western financial
    AFP  -  308 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      52 24 PiageT KI M.l.MRHXlK)ttHKilil\lliMil'/ IS l<S~i > (,/iX/i\li INDUSTRIAL FOR INDUSTRIAL SPACE REQUIREMENTS *****84 BlftfH "I 5 READY FACTORY FOR LEASE (Factory in Johor Baru with Warehousing licence and existing Production workers I for lease immediately I Approximately 3,500 sq. ft. I Interested parties please contact: I Tel: 07-*****5, Fax 07-322
      52 words
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      Page 24 Advertisements Column 2
      20 24 Japan's USs9b contribution may cost it much more, Pg 9 Manila hopes to cash in on post-war opportunities. Pg 9
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      Page 24 Advertisements Column 3
      515 24 PiageT Aii/////:/(" nx mrnxmii imn is im cumii Test your managerial skills in I Management SHp I I Game 1991 I Have you ever dreamt of being your own accumulated net profit or return on I boss, wheeling and dealing, relishing the investment (ROI) at the end of trading will
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  • Shipping Times
    • Article
      SIA plans new check-in procedure later this year
      325 25  -  By Dexter Lee SINGAPORE AIRLINES (SIA) passengers catching connecting flights on Swissair or Delta Airlines will soon be able to check in for both flights at their first point of departure. This will save passengers the trouble of retrieving baggage at the
      325 words
    • Article, Illustration
      Proper training can prevent freight losses: contest winner
      481 25  -  By Selva Kumar FREIGHT LOSSES can be prevented by proper training for newcomers to the transport industry and by constant reinforcement through case studies. This was the crux of a proposal by Singapore-based freight executive Ole H Dyrhauge, who won the first
      481 words
    • Article
      Lock icon Kuwait Airways makes first flight home
      400 25 AP KUWAIT'S national air carrier made its first scheduled flight to the tiny emirate last Thursday after service was halted seven months ago by the Iraqi occupation. The Kuwait Airways Boeing 727 left Cairo at lam local time (2300 GMT on Wednesday) with 90
      AP  -  400 words
    • Article
      Lock icon UK travel group's licences suspended
      485 25 Reuter UK AVIATION regulator, the Civil Aviation Authority (CAA), issued notices last Friday to suspend tour operating licences held by troubled International Leisure Group (ILCi), Britain's second largest travel firm and owner of leading independent airline Air Europe. "The matter of most immediate importance is
      Reuter  -  485 words
    • Article
      Lock icon PanAm could close this week if talks fail: paper
      395 25 Reuter PANAM Corp's Pan American World Airways could shut down this week if US and British negotiators cannot reach an agreement allowing it to transfer its London routes, advisers to the company told the New York Times. If talks break down,
      Reuter  -  395 words
    • Article
      Australian Freight Services in joint venture with Chinese
      195 25  -  From Florence Chong in SYDNEY A SUBSIDIARY of Mcllwraith McEacharn Ltd. Australian Freight Services, has formed a joint venture with Sinotrans Tianjin. the China National Foreign Trade Transportation Corporation, to establish a freight forward business. The joint venture, to be based in
      195 words
    • NEWS SUMMARY
      • Article
        In for a bumpy ride
        36 25 AFTER a consumer boom boosted demand right through the 1980s the barometer of the country's industrial health is now predicting unsettled times for the car industry, Gila Piramal report?. Page 2
        36 words
      • Article
        Gatt to set up panel to rule on Airbus subsidy
        80 25 THE Gatt world trade body has decided to set up a dispute panel to rule on a US complaint that German subsidies for the Airbus aircraft violate free trade rules, a Gatt spokeswoman said. The Subsidies Committee of the General
        80 words
      • Article
        Honda, Mitsubishi to export US-made cars
        60 25 HONDA Motor Co and Mitsubishi Motors Corp outlined plans last Friday to export cars made in the United States to Europe. A spokesman for Honda said the company had already started shipments of its Accord wagon produced by American Honda Motor Co Inc to
        60 words
      • Article
        French aero engine builder seeks financing
        44 25 THE French state-owned SNECMA manufacturer of aero engines is seeking additional capital of 750 million French francs (***** million) from the government to help it to hold financial costs down to 2 per cent of sales. Back Page
        44 words
    • Article
      Lock icon China removes head of airline administration
      308 25 AP CHINA announced on Thursday that it had replaced the head of its airlines administration. but denied the move was linked to last year's bungled handling of a hijacking that cost 128 lives. The official People's Daily said Hu Yizhou was removed as head
      AP  -  308 words
    • LOG BOOK
      • Article
        British Airways to cut more services
        154 26 BRITISH Airways pic said it is withdrawing services to live destinations due to the effects of recession. BA said it would not resume its already suspended flights to Stockholm and Barcelona from London's Gatwick airport. A company statement said BA would also discontinue its
        154 words
      • Article
        Spar Aerospatiale wins deal
        62 26 THE CANADIAN Space Agency has awarded a Csl9s- (*****.5 million) contract to Spar Aerospatiale to detail a plan for a mobile maintenance system for the international space station Freedom. Canada's contribution to the Freedom project involves furnishing the mobile maintenance system for the space station as
        62 words
      • Article
        Viking sells stake in Western
        68 26 NORWAY'S Viking Supply Ships A/S said it had sold its 10.7 per cent shareholding in Western Co of North America for a total of US$2l.7 million (5537.7 million). "Viking Supply Ships A/S' fully-owned subsidiary Viking Rigs A/S sold all its 1.33 million shares in Western
        68 words
      • Article
        Search for Albanian boat
        63 26 ITALIAN coastguards searched on Friday for an Albanian fishing boat, with 25 refugees on board, reported as missing in rough seas after sending a distress signal during the night. "The Nikogjro is at present listed as missing, but we really have no idea where to look
        63 words
      • Article
        More destinations for China
        92 26 CHINA is to add Indonesia, Egypt and Laos to its list of international destinations. The Civil Aviation Administration of China (CAAC) recently announced the new expansion plans, including the introduction of flights to Jakarta, Cairo and Vientiane starting this summer and autumn. CAAC will operate a
        92 words
      • Article
        Air China resuming Gulf flights
        55 26 AIR CHINA will resume flights to the Gulf on March 19, following the end of war in the region. The state-run international airline will restore service to Karachi and Sharjah, the United Arab Emirates. Other flights via Sharjah to Istanbul, Addis Ababa, Paris and Rome
        55 words
    • Article, Illustration
      Lock icon In for a bumpy ride
      976 26  -  After a consumer boom boosted demand right through the 1980s the barometer of India's industrial health is now predicting unsettled times for the car industry, Gita Piramal reports Gita Piramal FT FOR the first time in its 45-year history, Bajaj Auto the world's second largest
      FT  -  976 words
    • Article
      COCKETT BUNKER MARKET REPORT
      859 26 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements arc indicated. The Cockett Bunker Pnce Index change and
      859 words
    • Article
      THE SHIPPING GUIDE
      12444 34 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
      12,444 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        566 41 Vesul Voy No Arrival Departue Keppd Wharves Baroness 90 H34 alongside 14 03 2300 Catamarca 2 36WB H31 alongside 11 03/1200 Oceana Quee 46 K30 alongside 1003/1800 Pwneet Wave 15H K33 atongside 1103 1500 Sg Of flower *****3(P) K29 alongside 1003/1500 Am* Gfo 04W C10 1103/1100 1203/1/00
        566 words
      • Article
        CONTAINER SCHEDULE
        1281 41 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Babnce Rstts Sty Voy No Etb/Btr Period From To From An Lily 8B 12/0100 1 10/1500 10/1659 10/1900 2 10/1700 11/0659 11 0900 Ac* Lotus 10A 12/2200 2 10/1700 11/0659 11/0900 4 11/1200 11/1459 11/1700 Anson *****N 12/2300 2
        1,281 words
      • Article
        IN MALAYSIAN PORTS
        209 41 Johorc Port Berth 1: Barge HB 1856 Berth 2: Barge Sinmebin 11 berth 3: Mergui, Tatbah 1 Berth 4: Northern Hope Berth 5: Barge Pu 3801 Berth 6: nil 01 jetty: Garuda Mahakam, Suci DCJ: Stiver Pride Due on March 7: Santi, Bandung, Guangshui Out on March
        209 words
      • Article
        DAILY FREIGHTS
        1097 41 DRY CAR(K) freight rates continued to firm on Thursday, helping to push the Baltic Freight Index up 13 points to an all time high of 1.757 from its previous best of 1.751 set on May 16. 19X9 All grain and time-charter sub-indices were marked up. although no further
        1,097 words
    • Article, Illustration
      Lock icon Gatt to set up panel to rule on German subsidy for Airbus
      463 42 Reuter THE Gatt world trade body has dccidcd to set up a dispute panel to rule on a IJS complaint that German subsidies for the Airbus aircraft violate free trade rules, a Ciatt spokeswoman said. The Subsidies Committee
      Reuter  -  463 words
    • Article
      Lock icon French aero engine builder seeks govt money
      323 42 AFP THE French state-owned SNECMA manufacturer of aero engines is seeking additional capital of 750 million French francs (***** million from the government to help it to hold financial costs down to 2 per cent of sales. SNECMA president Louis Gallois said last
      AFP  -  323 words
    • Article
      Lock icon Honda, Mitsubishi to export US-made cars to Europe
      208 42 AEP HONDA Motor C o and Mitsubishi Motors Corp outlined plans last Friday to export ears made in the United States to Europe. A spokesman for Honda said the eompany had already started shipments of its Aceord wagon produced by American Honda
      AEP  -  208 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      152 25 Per Permit Of: Ito 5 Items 5516.00 6 to 10 Items 5525.00 11 to 15 Items 5535.00 We submit on your behalf to appropriate carrier For more into tel *****06 Samat/Sharon Orion Express Services Local Courier Services Cochett Report 2 Container Schedule 17 Daily Freights 17 Index to Advertisers 3
      152 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      114 26 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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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      2244 27 JAH DINE SKIPPING AGENCIES 200 Cantonment Road #12-05 Southpwnt, Singapore 0208 All WWW *****11 TELEX NO RS ***** ■fmn terminal TH *****18 220 bookings th *****34 2m L Vrf# PCSAKA JAROINE shipping agencies son PORT KELANG TEL *****18 TELEX NO MA*****/MA***** PENANG TEL *****4 TELEX NO MA***** CES TEL *****6
      2,244 words
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      Page 27 Advertisements Column 2
      1281 27 I INDEX TOMJERJISERS Page Col Page Col X Lloyd Triesti no 4 1/2 Lucky Seaway 15 3 ABC Containerline 12 I Lykes Lines 5 I Accord Group 8 1-3 AFS 15 1 j 9Atucnkicl Liner 16 3 n p i iii/i Albatros Sea-Air 14 3 7 8 \n Alfred CToepfer
      1,281 words
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      Page 27 Advertisements Column 3
      2410 27 ■nromama NEXT VESSEL TO JAPAN AND HONGKONG TORBEN MAERSK V. 0104 ETA 18/3/91 Vessel Voir ETA I ETC "Port 'Penang "Mem Hou AH/Vn Oak DESTINATIONS Singapore Kelang This Maersh 9104 reeder by cv vi 0000 mrs m Farco CFS 4/3 «59 MRS M rauro OAK LGB HOU MEM ATI MIA
      2,410 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      1355 28 rotte DAM; VOY NO SPORE SOUTHAMPTON HAMBURG ANTWERP IE HAVRF KURAMA 89/110 14/3 4,4 2/4 >'4 KwiH FRANKFURT EXPRESS 55/310 17/3 3/4 5/4 8 4 9/4 AiIMSTBOUNDP TOK.O EXPRESS Will 21/3 11/4 9/ 8 1 t&SSStSSSi CARGO KAMAKURA M 24 3 0 4 £4 5 4 lb/4 TO UWCONTIMKT KBIL
      1,355 words
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      Page 28 Advertisements Column 2
      552 28 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SFASPAC I 28/3 11/4 14/4 19/4 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA NUKUALOAf A DIRECT CHILE SERVICE SIN IQQ ANF VAP CALLAO SAN (PERU) ANTONIO SEASPAC I 28/3 2/5 3/5 6/5 7/5 8/5 Cjlljo or Santiago vu Valpj
      552 words
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      Page 28 Advertisements Column 3
      1542 28 I KSmaasifi mtant. REGULAR INDEPENDENT FULL CONTAINER SERVICE w££T66UND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA SINGA 9101-3 12/03 31/03 01/04 05/04 06/04 07/04 08/04 09/04 10/04 NORASIA AL MUNTA7AH 9102 3 17/03 06/04 07/04 12/04 13/04 14/04
      1,542 words
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      Page 29 Advertisements Column 1
      2074 29 Sjg Steamers Maritime Holdings Ltdj P&O ariVSTRAITS SHIPPING! ■k# m* SteM>tr< mwaysia, I Containers mLMM J I Vv, N.i Scu Ant Rot Mtig a«S VWIKK 9104 BAM WO3 1303 «03 3103 01 Oi 030» ACCEPTS DUE SAILS ORIINIAt BAY «04 BIER 1003 16 03 tVO« 0404 Jt 04 CARGO I
      2,074 words
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      Page 29 Advertisements Column 2
      1882 29 TO: U S A /PANAMA U S A /PANAMA VP 9AH IGfi CRI fDA SAW NOR W*f "TC NOR SAV CRI ICS OAH SP CHOYAWC VICIORY IF 110 10 4i" Ji i A. 7M TV I, HAMBURG SEN »A 104 111 711 M l 47 117 IV2 W I Singapore
      1,882 words
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      Page 29 Advertisements Column 3
      353 29 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC ASIAN COSMIC COSMIC CHALLENGER STAR TRADER PIONEER VOY NO 5 118 16 16 S pore 12/3 16/3 17/3 20/3 P Kelang In PI 15/3 22/3 Penang Yangon Mongla Chittagong Calcutta Yokohama Nagoya Osaka Senboku Kobe NOTE ALSO CALLING OTHER
      353 words
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      Page 30 Advertisements Column 1
      741 30 HBi CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSIVOY SPORE ROAM ADAM H BURG BROUN ANTWERP TRIAS UNITY OJ2WB 15/3 ISff 21/4 2M »/< S»IWUAYA,3IWB »/3 W U/5 1W FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject to Inducement. Also accepting cargo to CaubJanca. Port Said. Port Alexandria. Genoa. Trieste
      741 words
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      Page 30 Advertisements Column 2
      803 30 J& %L 'M. HANJIN SHIPPING FEEDER VSL SIN LINE HAUL LAX OAK (Tpore LEH RTM ANR HAM BRV FEL HANJIN TONGHAE 081E lt/1 DIRECT 1/4 4/4 HANJIN OAKLAND 012W 1? 3 i>9l 30 3 313 313 7 4 14 HANJIN FELIXSIOWE 0071 11/ I DIRICI M 11/4 HANJIN ROTTERDAM 013W
      803 words
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      Page 30 Advertisements Column 3
      1291 30 I PHI SCP HKC KSC KLC PUS HKT OSK NCY SBU TTO LAX CHS BAL NYC LHV ANN RDM THP HBC PSO CMB PKL SCP t CRACE n 03/ in 14/1 113 20/3 tt3 2S/1 27,3 21/1 301 11,1 1/4 12.4 24/4 26,4 214 7/S 8 5 M 10ft IHi
      1,291 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      2034 31 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE *****48 0 TERMINAL Of FICE *****22 DOCUMENTATION DEPT: *****44/*****14 CFS: K27 IMPORT: *****69/*****50 CFS K27 EXPORT *****53/*****04 NEPUNE SDN BHD MALAYSIA KL-(03)*****33.P Kelang (03) *****87. Penang (04)
      2,034 words
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      Page 31 Advertisements Column 2
      1029 31 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 VtSStIS VO'«tJ SK-Bi Vi* L« VOY«GC SJ>QRC Pttl«WG HBURC BHtVjH TILBURY ROTT AMTOTRP
      1,029 words
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      Page 32 Advertisements Column 1
      1570 32 K** v M V AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No **********0 M) I lEI *****/7 TELEX KAWAKI R*****5 FAX *****79 1 m I W* M MALAYSIA LINE MARITIME (MALAYSIA) SDN BHD A TEL PJ *****22 PK *****01 5 PENANG *****5 JB *****1 I \S AKI KISEN KAISHA LTD.
      1,570 words
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      Page 32 Advertisements Column 2
      1276 32 \p w PHILI-Oni€NT LIN€S PT€ LTD 108 ROBINSON ROAD #0/ 00 GMG BUILDING SINGAPORE 0106 TEL *****?? ??***** 2?***** TELEX RS 287?0 PHILI FAX ?*****6 *****38 ,BY AIR, LAND OR SEA Sflb—ilJr WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 17 MAR MONTREAL. OTTAWA. 14
      1,276 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1533 33 "sag /IjBB PACIFIC INTERNATIONAL LINES (PTE) LTD *****55J flu P,L Building, 140 Cecil Street #03-00, Singapore 0106. I JAKARTA I I BANGKOK I VESSEL VOY SIN JKT SIN Jojmji 9"0 1M "'2 KOTA PANJANG 9108 12/3 14/3 I#/3 MAI mil %m 22/J EOEN 9110 12/3 14/3 19/3 SEA GLORY i#/j
      1,533 words
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      Page 33 Advertisements Column 2
      1158 33 17 BENLINE CONTAINERS LTD V 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT j VESSEL VOY NOS SPORE LEHAVRE ROnERDAM S HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY SCAN SWEDEN NL Deiima' 058 12/3 30/3 31/3 214 3/4 Afeia
      1,158 words
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      Page 33 Advertisements Column 3
      112 33 rear BES ASIA COSTUSER SERVICE I S pore B kok Pegasus Progress V6SBN 12-13 Mar 15-16 Mar Ingenuity VI24N 16-17 Mar 19-20 Mar Pegasus Progress V659N 19 20 Mar 22-23 Mar Ingenuity VI2SN 23 24 Mar 26-27 Mar General Agents: Tel: *****22 Ben Line Agencies (S) Pte Ltd Fax: *****63
      112 words
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      Page 33 Advertisements Column 4
      360 33 MYANMA yBBk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIg Pen P.Gdg PATHEIN VIIOW It Mar PAGAN VI6BW 11 Mar ■SUTHi BANK LIKE (A service of Andrew W«ir Shipping) W SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I EXPRESS TO PAPUA NEW GUINEA BUNKER SURCHARGE CONTR USD 120/20
      360 words
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      703 36 TO AUSTRALIA/NEW ZEALAND VSI ~[Sm IT-em fide b Isid lAuch JNPL P CHAIKI AMTWfWfN M ~?0l ST Tl /4 U 4 14 4 U 4 TNT f XPRCSS 22 4 >4 ~S 5 *7" 7bl> 19 S (LUN HUOtG 2JO T7 Ik* Tb 4b ~BRUSSU 2/1 57 31l UH lib
      703 words
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      Page 36 Advertisements Column 2
      1118 36 EXPORTS TO HONGKONG. TAIWAN JAPAN TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE [OUTBOUNO VOY PKI PNG JM~ SIN HKG KAO KEE TYO SM/ NGO KOB VESSEL VOY SIN PKt PNG BLW SIN AC X LILY M *S 3"4 3 lfl UP Hfl- M 0 ttfl 23 3 21.3 24 3 ACX
      1,118 words
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      Page 36 Advertisements Column 3
      297 36 P.T. UNITED SHIPPING "o" ORGANISATION LTD umtCTM:oHAHS»iracfs X JAKARTA SURABAYA* OIRECT REGULAR SERVICES TO JAKARTA SURABAYA •jf Accept mt|««i to all other Indonesian port• with transhipment at Jakarta or Surabaya. DESTINATION ETA ETD VSI JAKARTA 11/3 12/3 P KALIMANTAN W 16;3 173 P SUMATERA W 19,3 19/3 P JAWA 283
      297 words
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      Page 36 Advertisements Column 4
      681 36 J: g t ais*i£ 3 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE ANNOUNCEMENT 4 COMMENCING 15TH MARCH 1991, COSCO ANNOUNCES THE INTRODUCTION OF A NEW REGULAR FAST LINER SERVICE FROM SINGAPORE TO mm&LM J PORTS OF CALL: i} SINGAPORE/SURABAYA/ SYDNEY/MELBOURNE/ BRISBANE/JAKARTA/ Wf SINGAPORE W FOR ALL ENQUIRIES, KINDLY CONTACT
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      1066 37 UKC CONVENTIONAL SERVICE Vessel PHI PNC P C loading 'or A VESSfci 24 03 Rottefd-im Antwerp CHINA FULL CONTAINER SERVICE Vessel SCP PKL BHK HKG QIM SHA VANCFANCKOU It/ IV 04 U3 W 07 04 L'o4 IB 04 YANCMNCKOU !W 04 0b 0»0b 110b 19 0b Also accepting jtner clhncw
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      Page 37 Advertisements Column 2
      275 37 S3 RICHFIELD MARINE AGENCIES (S) PTE LTD St TEL *****33 (12 Lines) fjm FAX: *****15/*****03 gXJ TELEX: RS ***** RISHIP (3 Lines) 0 ETHIOPIAN SHIPPING LINES |f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL \issu Tv> "77a iadiv. rem I SIM -Ml ABKAV M«<N7 T.HAD 101JS DAHESSAIAAM DJ»B ASSAB
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      Page 37 Advertisements Column 3
      1344 37 sydnewmeßOUßN^^^^^^^^^^BANGKOl^^^^^^^^^^^^^^^^ VESSEL VOY S PORE SVD MtJ. I VESSEL VOY SINGAPORE BANGKOK PIYABHUM 0302S tt m 3 OM)3_4 j JENLINK m ~~w"ed [13 3 Sat fl6 3 PIANfTA 1,44 5 0/4 14 lb'4 14 204 IwANA BHUM#' 05N Wed 13 3 Mon 18.3 W* •J I l jjjjl 77 29>4
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      Page 37 Advertisements Column 4
      485 37 TieCR-UfS VSL VOY SINGAPORE MADRAS SWOAPORE VESSEL VOY SIN MAA SIN TIGER STAR ISON Sid 15-17/03 23 24/03 LEUVE 9141 13 14 03 21 23/03 28 29/03 TIGER BAY ISIN 111 MB 2S-27/03 02-03/04 VSL VOY SING APORE/CALCUTTA/SING APORE 4 VESSEL VOY SIN CAL SIN TIGER RIVER 123CN8 11-11-03 16
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      1172 38 MAC-NELS SINGAPORE I EXPORT TEL *****22 import TEL *****02 J PKE AN J*****7 KUCHING TEI (062) *****3 SKAN IH. .'U»>B.' I TEI 10/) *****2 StBU ~i *****2 MEOAN Itl (061) *****2 BINTULU TEI (OHM £21 PANJANG TEL U?l> 4330b SUHABAVA rtl I .*t) P/96/0 BRUNEI USA MALAYSIA PEN PK SIN
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      Page 38 Advertisements Column 2
      421 38 IfT*. BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FUI.LY CONTAINKKISKI) MONTHLY SAILINGS IJISCHAHGING AT NKW PLYMOUTH A- I'OKT CHALMKKS A('C'KPTIN(i H I. LCI. M»K \U<kl\Nl>. NAPIKK. WKI.I.INGTON. BLUFF. lIRISTt HUK< 11. BUNKMN. I.YTTF.LTON. INVF.KUAKGIL. FIJI ANI) TAHITI SIN N PLY AUCK IVT MANDAMA 0»2 1/ M» 79
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      Page 38 Advertisements Column 3
      1226 38 /2SI THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL VOT [ETA [IIST VESSEL W ETA I lEST KIM SOON LI 9 91E 16 MAR
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      892 39 COMPANIA PERUANA TOE& OE VAPORES s "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCLISOC 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 ALOELFAEVERETT" W* SHAPLAEVEREII 14/1/ Mar 18(20 Mar KAMALEVERETI 22/29 Mar 30 Mar 02 Apr 05/0/
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      Page 39 Advertisements Column 2
      548 39 vsi Ivoy [s pori Jmainiiner |lax Usf Isav Inyc Imix /<M lILAT Wf lb J ZIM SAVANNAH 1) 4 ft 4 II 4 «4 I S PIRAEUS l/'E 21.3 1M CANADA A 4 4S li *5 II S ZIM MOHSIUNG .11 /IM CANADA ft, 4 4,S S *5 II S
      548 words
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      Page 39 Advertisements Column 3
      771 39 §AM SING KWANG HANG SHIPPING TRANSPORTATION (PTE) LTD WEEKLY LCL/FCL SERVICE fvESSfcr [s PORt I JAKARTA SURABAYA MFKHANIK KURAKO V 52N 14/3 17/3 JENWEL V 168N 118/3 l?»/3 VESSEL SPORE BANGKOK A VESSEL 13/3 A VESSEL 17/3 20/3 DESTINATIONS ETA SINGAPORE PORT KELANG 15 MAR MANILA 16 MAR HONG KONG
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      Page 39 Advertisements Column 4
      593 39 fis PERINTIS LINE I! ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL WOY SIN JKT SBY 4 fHASFTIA 151 A In Part 10/03 JAIIUIHI 9?? 04'03 1?'03 PHASrriA Ib.iA 14/03 17/03 JA7IDIHI 9?3 16/03 19/03 TANTO UTAMA 147 1?'03 14/03 TANTO UTAMA 149 ?o'o3 P3/03 TANTO UTAVA 151 28/03
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      Page 39 Advertisements Column 5
      419 39 SIN FAH EAST 17 3 KEELUNG/KAOHSIUNG 16/3 BANGKOK 12/3 MANILA/CEBU 16/3 JAKARTA/BELAWAN SURABAYA 16/3 PORT KELANG/PENANG/E. Malaysia 16/3 BUSAN 16/3 TOKYO/YOKO'KOBE NGOOSA 12/3 HONG KONG SIN CHINA 12/3 GUANGZHOU/HUANGPU SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG Tl ANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUMPE/UK 17/3 LDN/FLX/LVP/SOU 17/3 ROM/HAM/ANT/LE HAVRE/GENOA, OSLO also accepting cargo to
      419 words
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      696 40 "J3T CB SHIPPING MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINER/LCL/BREAKBULK SERVICE" "ANKE" SERVICE I AH SP£ TG BARA lAI PO* T'VULi KiVSB J.J 4/3 1! 1? 3 »3 Z2.1 2M CISB 14 4t»4 ;o'4 18 4 2! 4 ?*>4 *;4SB 3 4 f> US 18 S 21 •> ns
      696 words
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      Page 40 Advertisements Column 2
      1098 40 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICMEVSK MERSIN TRIESTE v V VO2 91W 13/3/91 8/4/91 29/3/91 3/4/91 KVT VO4CW9I 17/3/91 11/4/91 12/491 17/4/91 I Y V 03-91W 21/3/91 18/4/91 8/4<91 13/4/91 B A V 05CW91 3/4/91 26/4/91 27/4/91 2/5/91 AN V 04-91W 8/4/91 3/5/91 23/4/91 28/4/91
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      Page 40 Advertisements Column 3
      546 40 CUJ! conuinv /nr£mnnnni\ j J LCL/FCL SERVICE FROM fX (Hi CUJ! operate* over 600 tarmlnala/officaa in U.S.A. 111 111 lie™ iflHi CW! maintain* over 35,000 tractors ft trucks. V I 111 Imm A CW//Mrv«» over 60,000 pointa in US.A. IIMIJ ImMm m CUM offer reliable LCt/FCL aervioea. General Ag«nM TJDJiA^r-7IAIMT
      546 words
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      Page 40 Advertisements Column 4
      663 40 SETH SHIPPING CORP SON BHD (JjgCLk PT «LA«S TEL 03 3C***** |t Um| FAX *****11 rlfls#7 PEHWS TEI 04 *****9 FM 04 63U53 SKA* TEI M 9 2UM2 SIIU TEL 084 *****2 T»MU TEL 089 *****9 M TEL 088 2 ***** KUCM TEL 082 *****3 M SIA TO USA/CANADA CONTAINER
      663 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      466 41 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 1200 *****400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 16 1 7 18 19 20 21 22 23 22 21 19 1 7 15 1 3 1
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      425 42 CHARTPOINT Every Saturday in Business Times PT. PELAYARAN. SAMUORA AGUNG POH AIK 184 11/3 BATU AMPAR/SEKUPANG'BATAM SAMUDERA 102 18/3 DUMAI/PEKAN BARU ABAOI JAYA 15/3 DUMAI/PEKAN BARU 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
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      Page 42 Advertisements Column 2
      768 42 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 HKC SIN HYUNDAI EXPLORER 38E 16/3 21/3 8 4 11 4 14,4 13;4 HYUNDAI EXPLORER 37W 12/2 15 2 17 2 7 J 16
      768 words
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      Page 42 Advertisements Column 3
      648 42 CHARTPOINT Every Saturday in Business Times IJK CONTINENT (TRIO) eo< c,,rif< Uis N I lINLIN I I hiiMm'l to Co«n«j*«i. A*r*,s CofwWj Milmo ISPOtt |S TON H BU*C B HAVEN OAM Ltd S,o J kh m n. KU*f MA ***** 14 3 S 4 2,4 14 Rotterdam to Antwerp Amsterdam.
      648 words