The Business Times, 21 March 1991

Microfilm: NL17467
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Thursday, March 21, 1991 75*
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  • NEWS SUMMARY
    • Article
      US trade deficit up to US$ 6.99b in January
      63 1 THE American trade deficit jumped 11 per cent in January to U556.99 billion because a higher bill for crude oil boosted total imports, the US Commerce Department said yesterday. The rise followed a revised December trade deficit of US$6.2B billion. The
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    • Article
      Big rush for condos
      21 1 HORDES of eager property buyers queued up to buy OCBC Bank group's plush condominium project. Page 2
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    • Article
      Call to reconsider
      31 1 THE Singapore National Employers Federation has urged the Labour Ministry to reconsider its preference for the tender system in allowing companies to employ additional foreign workers Page 2
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    • Article
      Tech transfer welcome
      40 1 SINGAPORE welcomes technology transfer from all foreign manufacturing companies keen to set up a base here and not just the defence industries, says the chairman of the Government Parliamentary Committee for Defence and Foreign Affairs Page 2
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    • Article
      S'pore investment up
      40 1 SINGAPORE EQUITY in Johore jumped 182 per cent from MS 131.5 million in 1989 to M 5370.8 million for the first 10 months of last >ear. according to statistics from the Malaysian Industrial Development Authority Page 8
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    • Article
      Business lauds budget
      17 1 BRITISH business have welcomed Chancellor of the Exchequer Norman Lamont's annual budget Page 9
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    • Article
      Problems for Sony
      36 1 SONY may have bitten off more than it can chew, or at the very least is being taken for an expensive ride, given the way Columbia is spending money these days Page 11
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    • Article
      Picasso image recast
      23 1 A NEW biography about Picasso has debunked many ot the myths put out by himself and his glorifiers Page 15
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    • Article, Illustration
      Shipping costs to rise
      35 1 SHIPPING costs in the transPacific eastbound trade will go up in May when the Asia North America Rate Agreement (Anera) imposes its planned general rate increase. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      25 1 WALL STREET opened slightly higher yesterday with the Dow Jones index of 30 leading industrials up 1.98 points to 2.869.80 in early trading.
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    • Article
      STOCK INDICES
      33 1 Wednesday Change BT-MGA 723.38 -13.8 Kuala Lumpur ....579.46 -15 (18 Hongkong 3,683.41 -67.99 Tokvo 26.449.35 55 7 .^I Sydney 1,428.6 _f 7 Tuesday Change New York 2,867.82 -62.13 London 2,459.0 -31.6
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    • Article
      CURRENCIES
      20 1 Exchange rates IJSS SSI. 7735 IOC) Yen SSl.281^ MS SS0.645K Money market rates Overnight 4% fl/4 Vmonth 4-5/8 unch
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    • Article
      COMMODITIES
      39 1 London Gold AM fix US$364.20 H ISS2.20 Rubber S"pore Apr.... 145.25'/kg -0 75 VTsia Apr 228.50*/kg -0.50 KL Tin Turnover 41 tonnes 1 Spot MS 14.83/kg +11 Crude palm oil Turnover 519 lots +153 Apr MS859 /tonne unch
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    • Article
      Footsie lower
      44 1 SHARES in London were lower at midday yesterday on nervousness about how Wall Street which fell 62.13 points the day before would open later. At about 1215 GMT, the Footsie 100-share index was down 18.1 points, or 0.7 per cent, at 2.440.9.
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    • Article
      Hwa Hong plans move
      38 1 HWA HONG, with group profit after tax and minority interests up from $8.65 million in 1989 to $9.53 million last year, wants to move its edible oils refinery operations to northern China Page 3
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    • Article
      L&M plans rights issue
      19 1 L&M GROUP Investments is proposing a one-for-two rights issue at 1.10 a share. Page 3
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    • Article
      Bright SPC forecast
      16 1 PROFITS at Singapore Petroleum Co (SPC) are forecast to surpass projections Page 3
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    • Article
      DFC to sell portfolio
      28 1 COL.LAPSED investment bank DFC New Zealand Ltd plans to sell its property portfolio by tender over the next 18 to 24 months Page 6
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  • Article, Illustration
    Many small travel agents may be hit by airlines' plan
    486 1  -  Many small agents may have to fold or merge By John Tan MANY small travel agents might have to fold or merge by year-end under a plan by airlines operating to and from Singapore to form a clearing house for
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  • Article, Illustration
    Lock icon Dollar surges in NY and Asian markets
    383 1 THE US dollar traded sharply higher in Asia yesterday after extremely volatile trading in New York overnight. The dollar opened at 1.6490 marks and 138.45 yen. up from the previous Asian close of 1.6290 and 138.00. while sterling opened at 1.7715. down more
    Source: TeleTrac  -  383 words
  • Article
    Singapore stock market takes a dive
    117 1 WEIGHED DOWN by losses in New York and Tokyo, share prices on the Singapore stock market closed sharply lower yesterday. The Straits Times Industrials Index fell 25.15 points, or 1.69 per cent, to 1,459.69 from Tuesday's close, while the Business Times-Morgan Grenfell Asia Index
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  • Article
    UOL and Hotel Plaza chalk up sharp increases in profits
    422 1  -  By Elaine Koh UNITED Overseas l and and its subsidiary Hotel Plaza have both turned in sharp inereases in after-tax profits for the year ended Dee 31. 1990. For UOL. the property arm of the UOB group, its record earnings
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  • Article
    Health care to come under close review
    506 1  -  Yesterday in Parliament By Kenneth James HEALTH matters are to come under the microscope, with new initiatives that include a Review Committee on National Health Policies and a unit to handle accreditation and auditing of hospitals. Announcing this yesterday, Health Minister Yeo Cheow
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  • Article
    Lock icon Doubts on US rate cuts
    114 1 Reuter A BIG SURGE in the underlying rate of US inflation last month may force central bank policymakers to put on hold further interest rate cuts unless the recession deepens, say US financial analysts. The Labour Department said on Tuesday that inflation. as measured by
    Reuter  -  114 words
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      Page 1 Advertisements Column 1
      125 1 Burberrys' <C6 r» i W® Keigns when it pours Aircraft Schedule 25 Money Market 23 Work) News 9 Commodities 24 Reg/lnt'l Co News 6 Cryptic Crossword 25 Regional News 8 Editorial 10 Regional Stock Markets 21 For market indices, editonal, Financial News 7 SIS 16.17 advertising and circulation ei Futures
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      Page 1 Advertisements Column 2
      61 1 S HOES FASHION ACCESSORIES S'pore is not spending too little on health care, Pr 2 SAPORITI ITALIA. THE ULTIMATE IN STYLE AND PRESTIGE. Sa ftalia Italian design ingenuity at its best. Contemporary furniture for the home and executive office. The Saporiti Collection. Exclusive to Le Mercier's. C CUi'hurs 21 27
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  • HOME NEWS
    • PARLIAMENT BRIEFS
      • Article
        Singapore serious about buying Pahang water
        97 2 SINGAPORE is serious about buying water from Pahang "but only provided Pahang is keen, as we do not want any unsuccessful negotiations to sour up our good relations". But Deputy Prime Minister Brigadier-General (Res) Lee Hsien Loong, who made this comment, noted that Pahang's
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      • Article
        Chinese physicians
        67 2 DESPITE cases of abuse by under-qualified people claiming to be Chinese physicians, there are no plans to register Chinese physicians as the Government is not involved in their training in any way. But it will not hesitate to take legal action against Chinese physicians who prescribe or use
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      • Article
        Training child-care teachers
        57 2 THE Government has not left the training of child-care personnel to private organisations. Minister of State (Community Development and Education) Dr Sect Ai Mei assured Mrs Yu-Foo Yee Shoon (Yuhua). But she agreed that in the longer term, there will be a need to provide higher-level training
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      • Article
        Safe to go on pilgrimage
        105 2 SINGAPORE Muslims planning to do the Haj, now that Mecca and Medina have reopened for pilgrimage, were assured that their security, welfare and general arrangements will be well taken care of. MUIS, the Singapore Islamic Council, is planning to send a team of four doctors
        105 words
      • Article
        Discount scheme
        65 2 THE National Trades Union Congress (NTUC) discount scheme for private clinics was brought up again by Non-Con-stituency MP Lee Sicw Choh. This time, Dr Lee questioned the authority of the Singapore Medical Council (SMC) which had issued a press statement on the NTUC scheme. To this. Minister for
        65 words
      • Article
        Feedback on Feedback
        71 2 DR LEE SIEW CHOH drew laughter when he said "I half withdraw" after his comments on the Feedback Unit were rebutted by Leader of the House, Wong Kan Seng. Dr Lee said he had repeatedly asked the Feedback Unit for summarised reports of Feedback Unit meetings, without
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      • Article
        'Let me withdraw amendment'
        83 2 ANOTHER MP suffering withdrawal pains was GPC (Health) chairman Hong Hai. His assertion that the Ministry of Health's budget was too low was countered at length by the Minister, Yeo Cheow Tong. Withdrawing his amendment, which following Parliamentary tradition included a proposal to cut the estimates
        83 words
    • Article
      Property buyers queue a day before bookings open
      284 2  -  By Lilian Ang UNDETERRED by the higher prices, eager property buyers started queuing yesterday afternoon to buy units in OCBC Bank group's plush condominium project. The Waterside, even though booking was only due to open this morning. The queue began to form
      284 words
    • Article
      Health 'overspending' figures not totally comparable
      426 2  -  Yesterday In Parliament By Chitra Rajaram COMPARED with the developed countries, Singapore is spending way too little on health care, GPC Chairman for Health Dr Hong Hai said yesterday. Perhaps developed countries are spending far too much, countered Minister of Health Yeo Cheow Tong.
      426 words
    • Article
      Fancy keeping time with Napoleon?
      215 2 EMPRESS PLACE is ticking away with treasures of another kind: 204 glittering wrist watches, pocket watches and clocks, made by renowned craftsmen of the house of Breguet of Switzerland. The collection will be auctioned in Geneva on April 14 by Habsburg SA. The exhibition, "The
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    • Article
      SNEF urges rethink of tender system for foreign workers
      292 2  -  By David Chew THE Singapore National Employers Federation (SNEF) has urged the Ministry of Labour to reconsider its preference for the tender system in allowing companies to employ more foreign workers. SNEF president Stephen Lee said it should instead take a
      292 words
    • Article
      Technology transfer is always welcomed by Singapore
      278 2 SINGAPORE welcomes technology transfer from all foreign manufacturing companies keen to set up a base here and not just the defence industries. Ng Pock Too, chairman of the Government Parliamentary Committee for Defence and Foreign Affairs, said this to reporters yesterday after he
      278 words
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      Page 2 Advertisements Column 1
      50 2 \X/fc| 1 P All ll pptprl T V-/JLi V/ I JUL *VV v_y VA From the moment you step aboard a United jet in Singapore, you're in America. Q^QQ^H JPBWO^. way to get to wherever America you're going. For more mformayour a i r l i n e s MVNHKHBHIIMtIfIMfIMNIHHIi
      50 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS 1
    • Article
      Hwa Hong plans to relocate refining plant to China
      323 3  -  By Carolyn Lim HWA HONG Corp wants to relocate its edible oils refinery operations to northern China in order to be nearer to the source of raw materials. Ong Choo Eng. a director of Hwa Hong, told BT yesterday that the
      323 words
    • Article
      Group posts lOpc rise in earnings
      262 3 HWA HONG Corps firsthalf growth of 20 per cent has enabled the group to end the full year with a respectable 10 per cent rise in earnings in spite of the adverse circumstances following Iraq's invasion of Kuwait last August. For the year ended
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    • Article
      King's Hotel group profit falls 74pc
      257 3  -  By William Chia IN SPITE OP a higher group turnover. King's Hotel reported a 74.7 per cent fall in profit after-tax to $1.79 million for the year ended Dec 31, 1990, compared with $7.1 million previously. Turnover at the group level increased 15.8 per
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    • Article
      Jardines posts 18pc increase in earnings
      392 3  -  From Catherine Ong in HONGKONG JARDINE MATHESON has managed to turn in an 18 per cent increase in net earnings for 1990 despite the dampening effects of the Gulf War on businesses. Chairman Henry Keswick said net profits after tax and minority interests, but
      392 words
    • Article, Illustration
      Singapore Petroleum Company likely to exceed its profit forecast
      595 3  -  THE HOCK LOCK SIEW COLUMN By Lilian Ang JUDGING from the hefty increases in petroleum product prices during the Gulf crisis, Singapore Petroleum Co (SPC) is likely to have chalked up a profit figure far surpassing its projections. Market observers place
      595 words
    • Article, Illustration
      L & M Group proposes l-for-2 rights issue
      307 3  - L M Group proposes l-for-2 rights issue By S N Vasuki L&M GROUP Investments Ltd, which posted a 6 per cent rise in interim group earnings to $920,000. is proposing a one-for-two rights issue at $1.10 per share. Under this renounceable rights issue, a total of 17.15 million to 24.13
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    • COMPANY BRIEFS
      • Article
        G P Batteries off to an electrifying start
        91 3 NEWLY-LISTED Ci 1* Batteries International got off to a good start yesterday, gaining 84 US cents on its initial offer price of US$2 on heavy trading. The counter fluctuated between US$2.3O and US$2.B4 before closing on the day's high on 1.72 million
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      • Article
        D & C Bank profit soars
        86 3 D C Bank profit soars I) EYE I OPMENT AND COMMERCIAL BANK Bhd yesterday reported an after-tax profit of M 541.29 million for the year ended Dec 31, 1990. up sharply from a mere M 56.83 million in 1989. It said in a statement that the improved results were attributable
        86 words
      • Article
        Not a good year for Tong Meng
        82 3 THE TONG MENG HOLDINGS group posted an aftertax profit of $385,000 for the year ended Dec 31, 1990 a 37 per cent drop from the previous year's figure. Turnover for FY9O was 7 per cent lower at $5.53 million. The group said the
        82 words
      • Article
        Antah does better
        42 3 1 HI: ANTAH HOLDINGS group posted an after-tax profit of MS*).6 million for the six months ended Dee 31. 1990, 20 per cent higher than the same period in 1989. Turnover rose 127 per cent to M 5227 million.
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      • Article
        More directors for Tuan Sing
        41 3 TUAN SING HOI DINGS yesterday appointed three more directors to its board. The three are Mr Khoo Chin Inn (executive director), Mr Jimmy Chong Chung Yik and Miss I iem Mei I ung (both non-executive directors).
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      • Article
        Keppel finishes project
        51 3 KEPPEL SHIPYARD yesterday announced that it had completed a SlO million project to convert an 84,701 dwt vessel, Cilacap. from a tanker to a floating storage off-load-ing vessel. The project, which took four months, involved extensive modifications to the piping system and boilers. Cilacap belongs to Conoco
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    • Article, Illustration
      Electrolux urged to spend more in Asia
      389 4  -  Directors say company cannot afford to iiznore Asia-Pac's rapid growth By Genevieve Cua ELECTROLUX officials in the Asia-Pacific are pressing their parent company in Sweden to make more manufacturing investments in the region. Among other things, Electrolux's Asia-Pacific directors, at a meeting in
      389 words
    • Article
      Lock icon CIC approves restructuring of Zalik Bhd
      397 4 Bernama HONG LEONG CREDIT Bhd says the Malaysian Capital Issues Committee has approved the proposed restructuring and listing of its subsidiary. Zalik Bhd. on the main board of the Kuala Lumpur Stock Exchange. It added in a statement released in Kuala Lumpur yesterday that
      Bernama  -  397 words
    • Article
      Lock icon CASH earnings expected to jump
      277 4 Bernama THE Construction and Supplies House Berhad group is expected to make a profit before tax but after minority interest of M 53.5 million (552.26 million) for the year ending Aug 31, 1991, after the completion of its proposed acquisitions of 100 per cent of
      Bernama  -  277 words
    • Article
      Lock icon Bank Bumi says it has never been Petronas' fund manager
      447 4 Bernama BANK BUMIPUTRA Malaysia Bhd says it has never been a fund manager for Petronas and is puzzled by a report which implies that the bank has been acting as the national oil corporation's main fund manager for its cash
      Bernama  -  447 words
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      Page 3 Advertisements Column 1
      40 3 Which hotel will vou stay in, daddy? t_/ c/ A HOTEL SINGAPORE km top k a fl L ui. n Bp* i .I^H' jll Jgfe^ SK I v^HHn L«J| *fl VjH ii^di^'l^BOMHHPllWi^^^Ml^^^^^^ J| J V „> 1 iJRigSSBHBI^^Hv^ ORCH L: JjH
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  • Page 4 Advertisements
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      191 4 By the time you read this headline, the new HP LaserJet mSi will have printed the ad. I ENo we're not overclaiming, a printing speed of 17 complex pages per minute makes the new HP LaserJet UlSi the fastest printer in the market. It's this fact, plus its high volume
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      161 5 Fortunately, however, the waiting is almost at an one of the finest Malay restaurant in the world. Biit then, legends arent made overnight, are they, end. Because in April The Puteri Pan Pacific, Johor's first And, the first of its kind to serve authentic cuisine from truly world class hotel,
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  • REGIONAL/INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Yaohan in joint venture with three HK firms
        119 6 JAPANESE department store chain Yaohan International Co Ltd on Tuesday signed a joint venture agreement with three Hongkong meat import and wholesale companies. Under the agreement, Yaohan will own 80 per cent of the shares of the new company, Yaohan Processing Trading
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      • Article
        Mitsui seeks compensation
        108 6 MITSUI and Co Ltd said on Tuesday it was seeking 93.1 billion yen ($1.22 billion) in compensation from the Japanese government for an aborted project in Iran involving itself and four other companies. The company said the sum requested by the Japanese venture Iran Chemical Development Co
        108 words
      • Article
        Lawsuit on anti-Aids patent
        147 6 A LAWSUIT announced on Tuesday challenges Burroughs Wellcome Co's patent on the anti-Aids drug AZT and seeks to have it invalidated so other companies could market the drug at cheaper prices. The suit, filed in federal court in Washington, claims the company did not conceive, develop
        147 words
      • Article
        Olivetti's profit will fall 40pc
        105 6 OLIVETTI'S profit for 1990 will be around US$lOO million (S$ 177 million), some 40 per cent lower than the previous year's figure, president Carlo de Benedetti said in Paris on Monday. Mr De Benedetti told a press luncheon: "We will make very little money. But
        105 words
      • Article
        MGM-Pathe close to loan deal
        110 6 THE FINANCIALLY troubled entertainment giant MGMPathe Communications is close to completing a US$25O million (***** million) loan agreement with the French bank Credit Lyonnais, a company official said on Tuesday. "An agreement is very close," said MGM-Pathe spokesman Craig Parsons, adding that an announcement of
        110 words
      • Article
        AT&T offers to boost NCR bid
        122 6 AMERICAN Telephone and Telegraph Co on Tuesday offered to increase its US$6.l2 billion (SSIO.B billion) offer to buy computer giant NCR Corp after a judge blocked an NCR measure to ward off the acquisition. ATT, in a bid to enter the computer business, said
        122 words
    • Article, Illustration
      Lock icon IBM shocks market with sharply lower forecast
      480 6 Reuter INTERNATIONAL Business Machines Corp said on Tuesday its first-quarter earnings would be half of what analysts expected, sending shares in the company and the entire stock market sharply lower. Industry analysts said they were shocked at how badly recession and the Gulf
      Reuter  -  480 words
    • Article
      Lock icon HK to lift ban on companies buying back their own shares
      197 6 Reuter HONGKONG'S Securities and Futures Commission (SFC) has approved proposals reversing a ban on listed companies buying back their own shares. The date for implementing the Hongkong code on Share Repurchases and the Stock Exchange Listing Rules will be
      Reuter  -  197 words
    • Article
      Lock icon Siam Fortune buys property stakes
      265 6 Reuter HONGKONG-LISTED Creative Investment Ltd said its 20 per cent owned Thai associate Siam Fortune Co Ltd had acquired stakes in two property interests in Bangkok, Siam Mimi Ltd and CPU Hotel Ltd. The group said directors of the property company Siam Fortune had approved
      Reuter  -  265 words
    • Article
      Spirits section expected to be Guinness star performer
      511 6 UK SPIRITS and brewing group Guinness pic is set to see annual 1990 profits up around 23 per cent with growth driven by a strong performance at its spirits division. drinks analysts said. They see annual 1990 pretax profits expected to be
      511 words
    • Article
      Lock icon Allied-Lyons posts 150 m foreign exchange loss
      299 6 NYT ALLIED-LYONS pic, the British food and liquor company. has disclosed a foreign exchange loss of about £150 million (Ss47l million) and that its finance director has resigned. The company said in a statement in London on Tuesday that the loss was being
      NYT  -  299 words
    • Article
      Lock icon CP Pokphand to acquire 25pc of CPlndo
      213 6 Reuter CP POKPHAND Co Ltd has taken an option to acquire 13.13 million shares of PT Charoen Pokphand Indonesia (CP Indo), representing 25 per cent of CP Indo's issued share capital. The price, payable upon exercise of the option up to Sept 30,
      Reuter  -  213 words
    • Article
      Lock icon Philippine property company to offer rights issue
      230 6 Reuter PHILIPPINE real-estate property company Robinson Land Inc is to launch a rights offer, subject to government approval, of 500 million shares at 2.50 pesos (16 S cents) each to raise 1.25 billion pesos for expansion projects. The company's board of directors approved
      Reuter  -  230 words
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      Page 6 Advertisements Column 1
      119 6 Hf WEMm; w ppr**"! P*®! 1 ill i i 111 W It if st XVn excellent opportunity for building professionals to learn the latest methods, Locations Singapore: techniques and tools to keep commercial and Da,es 18-19 April 1991 Marina Mandarin Hotel residential building structures at their peak Kuala Lumpur: income-generating
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      Page 6 Advertisements Column 2
      70 6 Results off tender for taxable book-entry Government Bond 1990 due 15 March 1996 to be issued on 22 March 1991 r t $1 Tenor approx. 5 years a Amount Offered Allotted *****.000.000 t v Amount Applied 551.467.302,000 Interest/Coupon Rate 5 000% pa. Average Yield Price on Allotment 5.08% pa. and
      70 words
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  • FINANCIAL NEWS
    • Article
      Lock icon DFC New Zealand plans property sales
      476 7 Company trying to attract overseas buyers Reuter COLLAPSED investment bank DFC New Zealand Ltd unveiled a plan involving the controlled sale by tender of its property portfolio over the next 18 to 24 months, starting with a parcel of about 60 properties. Most of
      Reuter  -  476 words
    • Article
      Lock icon Another bleak year awaits Japanese finance houses
      439 7 Reuter JAPAN'S small and mediumsized "non-bank" Financial institutions, hard hit by the government clampdown on stock and property speculation, face a bleak outlook for at least another year, analysts say. Possible cuts in Japan's discount rate could help nonbanks lower fund-raising costs, but
      Reuter  -  439 words
    • Article, Illustration
      Lock icon Kuwaiti banks to reopen on Sunday
      308 7 AFP KUWAIT'S banks will reopen on March 24, ending a bizarre three-week post-war monetary limbo, the governor of the central bank has announced. Governor Salem Abdul Aziz al-Sabah said 700 million newly-minted Kuwaiti dinars had already arrived in the vaults from Germany and London
      AFP  -  308 words
    • SMAULL CHANGE
      • Article
        Citibank posts AS$ 35m loss in Australia
        104 7 CITIBANK has become the latest foreign bank operating in Australia to post a set of miserable results. It has announced a net loss of A 535.3 million (5548.2 million) for calendar 1990. Citibank chairman John Thom said the loss was entirely due to
        104 words
      • Article
        Security Pacific cuts dividend
        70 7 SECURITY PACIFIC CORP said its directors voted to cut its quarterly dividend 40 US cents to about 38 cents per share in an effort to strengthen its capital ratios. Sec Pac, the fifth largest US bankholding company, also said it expects nonperforming loans to increase in
        70 words
      • Article
        Sri Lanka lifts forex curbs
        99 7 THE SRI LANKAN government has announced a radical easing of tough exchange control regulations, including the lifting of a ban on non-convertible currency imports to Sri Lanka. The Central Bank of Sri Lanka in a major policy shift announced that both residents and non-nationals could
        99 words
      • Article
        Why NCNB needs more cash
        87 7 NCNB CORP seeks additional capital to strengthen the company and to allow it to buy other banks, chairman Hugh McColl said in his letter to shareholders in NCNB's 1990 annual report. He wrote: "This is important not only to strengthen the company, but to position
        87 words
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      109 7 In Kuala Lumpur V/jfl TT I I where else hut I;||| I I m- *±rM 111 it ■ft J1 WHEI.' j# W n w .w*\ Im|| *IIN| V fla .WW lush tropical greenery of A i «L| MfIBHHH 1 4 \fl IhKs m M service you have come to hm
      109 words
  • Page 7 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Ramos tipped to run for presidency
        92 8 PHILIPPINE DEFENCE SECRETARY Fidel Ramos is poised to seek the presidency, and aides believe President Corazon Aquino will endorse him even it it means splitting the country's largest party. On Tuesday, Mr Ramos said in Manila that he would meet Mrs Aquino's brother, Jose
        92 words
      • Article
        Manila to export feedcorn
        114 8 THE PHILIPPINES will export some 150,000 tonnes of feedcorn next month for the first time in its history, spokesmen of the National Food Authority (NFA) said in Manila yesterday. The NFA is negotiating with Indonesia, Japan. Malaysia, Singapore, South Korea and Vietnam to sell the corn
        114 words
      • Article
        Viet academic raps Red leaders
        76 8 A LEADING INTELLECTUAL has become yet another prominent Vietnamese to harshly criticise the country's communist party leaders, whom he called sick old men isolated from a changing world. "The people... have lost all faith in the upper echelons," said Nguyen Khac Vien, a former director
        76 words
      • Article
        Thai junta to retain Viet ties
        77 8 THAILAND'S new military-appointed government wants to retain ties with the pro-Vietnamese government in Phnom Penh. The assurance, given by Thai Foreign Minister Arsa Sarasin, followed concerns in Hanoi and Phnom Penh over the overthrow in a coup last month of a Thai government which
        77 words
      • Article
        PNG recruiting Gurkhas
        56 8 THE GOVERNMENT of Papua New Guinea plans to recruit 1,000 Nepalese Gurkhas as the nucleus of a new national guard. Quoting official documents yesterday, a local newspaper in Port Moresby said the Cabinet had approved a plan to spend 50 million kina (Ss93 million) to attract up
        56 words
      • Article
        Tokyo must admit guilt: Hawke
        96 8 JAPAN should acknowledge its guilt for wartime horrors to help build trust with nations in the Asia-Pacific region, Australian Prime Minister Bob Hawke said in a newspaper interview published yesterday. It was important that Japan was drawn into a wider strategic and political role in
        96 words
      • Article
        NZ deports Soviet agent
        41 8 NEW ZEALAND has deported a Soviet agent who entered the country on a forged British passport. Prime Minister Jim Bolger told Parliament yesterday that the man, who was deported on Tuesday, had admitted being a Soviet citizen.
        41 words
    • Article
      Johor sees surge in S'pore investments
      460 8  -  Jump of 182 pc for the first 10 months ol last year By David Chew SINGAPORE investments in Johor jumped 182 per cent from M 5131.5 million in 1989 to M 5370.8 million for the first 10 months of last year, according to latest
      460 words
    • Article, Illustration
      HK will continue to play major role
      392 8  -  Increasing competition from S'pore as an HQ site By Anna Teo HONGKONG will face increasing competition from Singapore as a headquarters site as manufacturing shifts from north to south-east Asia. But its unrivalled standing as South China's most dynamic city will continue to
      392 words
    • Article
      Lock icon KL seeks help in attracting more investors
      365 8 Bernama THE MALAYSIAN Ministry of International Trade and Industry (Miti) is seeking the assistance of a World Bank agency to formulate a new package of incentives to attract more foreign investors to Malaysia. Boris Velic. programme manager for the Asia and Pacific region
      Bernama  -  365 words
    • Article
      Lock icon Thai unions seek foreign help to take on military junta
      336 8 AFP THAI trade unions are to call on their overseas counterparts to help stop plans by the military junta to outlaw unions in state-run industries. Thanong Podhiarn, president of the Labour Congress of Thailand (LCT), said in Bangkok on Tuesday
      AFP  -  336 words
    • Article
      Lock icon Recession-hit Australia changes its ways
      487 8 Reuter ONCE CALLED The Lucky Country. Australia is in recession, deeply in debt and finding it hard to sell its once sought-after commodities to the world. Some commentators disparagingly say Australia's economy is looking more and more like that of Argentina. But economists believe that
      Reuter  -  487 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      130 8 c DINE IN THE CUSTOM OF THE MOGHULS. With our North Indian Business Lunch, you can now dine in the splendour that the Moghuls were accustomed to. You see, we've put together some rather special regular and vegetarian selections that are designee! to leave you sated, but without that over-full
      130 words
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      Page 8 Advertisements Column 2
      84 8 JONES GABLE AND COMPANY, members of the Toronto and Vancouver Stock Exchanges, in association with EXXL Consultants Pte. Ltd. Singapore, a Mendez Group Company, will be pleased to discuss and advise on listed and unlisted investment opportunities in Canada. A Jones Gable representative will be in Singapore from the 25th
      84 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Lamont announces major tax changes
      779 9 The 1991 British Budget Agencies A RADICAL CHANGE in Britain's tax system was announced on Tuesday by the Chancellor of the Exchequer, Norman Lamont. In his first budget, val-ue-added tax and other indirect taxes have been raised to ease the burden of local taxes on
      Agencies  -  779 words
    • Article
      Lock icon British business community welcomes budget
      226 9 Reuter BRITISH BUSINESS has welcomed Chancellor of the Exchequer Norman Lamont's annual budget, which he called "a budget for business". Sir Brian Corby, chairman of the Confederation of British Industry, said in London on Tuesday, "This is almost precisely the budget that the CBI recommended
      Reuter  -  226 words
    • WORLD WATCH
      • Article
        Loan to China N-plant project
        63 9 THE BANK OF CHINA is to provide a US$4OO million (about SS6BO million) commercial loan to the Sinu-Hongkong joint venture building the country's first nuclear power plant. The loan would be used to finance construction at the Day a Bay plant through July 1993. when
        63 words
      • Article
        Seoul to pay up war pledge
        74 9 SOUTH KOREA intends to pay the entire USS3BS million towards Gulf War costs it has pledged to the US. A source said US$3l4 million remained outstanding and would be paid "as soon as possible". The US senate voted on Tuesday in Washington to ban
        74 words
      • Article
        A hope to visit China
        47 9 JAPANESE FOREIGN MINISTER Taro Nakayama said yesterday he hoped to visit China "as early as possible in April". Mr Nakayama made the remark in a meeting with Chinese Vice-Foreign Minister Qi Huaiyuen. who arrived in Tokyo on Monday for regular inter-ministerial consultations.
        47 words
      • Article
        EC to open doors to C America
        59 9 THE EUROPEAN COMMUNITY has agreed to open its doors to Central American exports to help the region combat poverty and strengthen its own common market. Foreign Minister Enrique Dreyfus of Nicaragua made the announcement on Tuesday at the close of a one-week conference
        59 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      23 9 GPp GP BATTERIES INTERNATIONAL LIMITED New Issue and Listing on the Stock Exchange of Singapore Corporate Communications managed by Burson-Marsteller (SEA) Pte Ltd
      23 words
    • Advertisement
      Page 9 Advertisements Column 2
      338 9 HOW TO ADD QUALITY TO YOUR WORKERS' TRAINING PROGRAMME. Here's a new course from FAST teaches through video. This means that FORWARD that's also one ot the most WORKperfect productive man-hours are not lost during cost-effective. WORKperfect the quality The FAST FORWARD way to 100% Right work training as your
      338 words
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  • Article
    Union of the disunited
    501 10 ENTOMAL THE NEW MAP of the Soviet Union is before us. Not in reality, of course, but as the aspirations of its people would have it. President Mikhail Gorbachev held a referendum last week hoping that citizens would support his plan for a reshaped Soviet federation.
    501 words
  • WHAT THE OTHERS SAY
    • Article
      Peace above all else
      210 10 SHOULD the Soviet Union break up? There are considerable arguments for both answers to the question. On the one hand, the country is an imperial creation, cemented by using a repressive ideology and an awesome amount of force. That ideology, communism, is dead or near dead.
      210 words
    • Article
      More funds needed
      155 10 FOR more than 25 years, Muslim students have benefited from the bursaries and financial assistance given by the Prophet Muhammad Memorial Scholarship Board (LBKM). Together with Muis and Mendaki, it has played important roles in helping Muslim students, especially the needy. But the problem of getting sufficient
      155 words
    • Article
      Reform is the issue
      138 10 PRESIDENT Gorbachev hopes to use his referendum to help stabilise the relationship among the republics so that other more viable political and economic reforms can be introduced. The referendum will help to consolidate the position of reformers such as Mr Gorbachev, but it is unfavourable to
      138 words
  • REGIONAL VIEWPOINTS
    • Article
      New banking regulations
      190 10 BANKS in Indonesia, still reeling from the so-called Sumarlin shock the nick name used for the monetary authorities' move to drain money out ot the banking system to stop currency speculation are being shaken up again by new rules set by the central bank. At first glance
      190 words
    • Article
      Private sector should help
      156 10 A MORE caring society has been the stated aim of social welfare policy for the last decade. An increasing number of old people and rising expectations in the community demanded a response from the government, which has refined its strategy in the recent White Paper, "Into
      156 words
    • Article
      Justifiable misgivings
      130 10 THE national Pcace-Kccping Council's professed intention of taking state enterprise unions out from under the protection of the Labour Relations Act of 1975 has been widely seen as part of an attempt to destroy the labour movement in Thailand altogether. The misgivings arc justifiable, as the 1975 Act
      130 words
  • Article, Illustration
    Decline in power of trading houses
    982 10 More and more Japanese companies are procuring their own foreign goods. And the result? The waning influence of the sogoshosha JAPAN'S powerful trading houses called sogoshosha have been known for decades to be the driving force in promoting the nation's worldwide trade. But now
    982 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      122 10 FOR SUCCESSFUL MANAGEMENT OF YOUR ■■Ml H 01 Stories on labour and its relationship with Ik I I I Hi management, management concepts in practice, (P I mkjm V profiles of leading managers in Singapore and relevant book reviews. X I A ENTERPRISE MANAGEMENT, in Business (y rv 1/ Times
      122 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      32 10 DOONESBURY BY GARRY TRUDEAU L HEY... ARBfT I&SIR.UZS&M HOW'S AHEAD OF m VXDKfim* INOOF A/fiPAA I I fTWM &&W m UJHICH... /rC/A/M/ c&Sal* men is Beomiw- mtfimmt*. oopy G^e r L THANi
      32 words
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  • ANALYSIS
    • Article
      Lock icon Risk of Iraq becoming another Lebanon
      773 11  -  Leslie Gelb explains why President Bush should realise it is better to have a unified, weak Iraq than a fragmented country without Saddam Hussein Leslie Gelb NYT PRESIDENT George Bush's central postwar strategic objective has been to keep Iraq whole and relatively insulated from
      NYT  -  773 words
    • Article, Illustration
      Is Sony being taken for a ride?
      1021 11  -  Can the high-spending Jon Peters and Peter Guber turn Sony's Columbia Pictures into an integrated, mass communications conglomerate? Will they be able to deliver box-office hits, asks Christopher Reed Christopher Reed Ihe writer is a los int>eles-hased /ournuhst whit writes lor HI THE
      1,021 words
    • Article
      Lock icon Where incentive pay far exceeds the inflation rate
      671 11  -  Louis Uchitelle on the rising salaries of top US executives Louis Uchitelle NYT IN the midst of a recession, with layoffs rising and corporate profits weak, pay in 1990 for the US's top executives rose by bigger percentages than the wages of
      NYT  -  671 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      203 11 MKROCASS6TT6 RECORDER ABRML Pearlcorder 5930 The new Pearlcorder 5930 from Olympus is the world s first microcassette recorder equipped with an Auto date/time memory. By pressing the Date button, the current time and date of the recording is automatically recorded onto the tape itself. The Date/Time function memorizes the date
      203 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      A $100,000 boost for men's fashion
      351 12  -  Suzanne Soh reports on a new campaign to be launched by Tangs Studio next month Suzanne Soh MEN'S fashion. tipped to be the fastest growing sector for retailers worldwide in the 90s. will get a $100,000 boost next month when Tangs Studio launches its
      351 words
    • Article, Illustration
      Here come the Hush Puppies
      112 12 AMERICAN top dog for shoe comfort. Hush Puppies, has arrived in Singapore. The brown-eyed basset hounds, featured in the retail logo as a symbol of comfortable quality footwear, are hoping to make more friends here in their new homes in Marina Square and Far Fast
      112 words
    • Article
      Lock icon GM and Time Warner in ad pact
      377 12 NYT General Motors and Time Warner announced an agreement last Tuesday under which the car maker is expected to spend US$BO million (S$ 140.8 million) over the next year to advertise in a number of the media company's ventures, including Time. Sports Illustrated
      NYT  -  377 words
    • Article, Illustration
      Bata slips on a new image
      502 12  -  By Said Abdullah SIXTY-YEAR-OLD Bata Shoe (Singapore), one of the oldest names in the shoe business here, believes the time is ripe to slip on a new image. Bata's new managing director, Mr Roberto Longo, told BT: "With a record turnover of $25 million
      502 words
    • Article
      Bata account latest in series of coups for Henen
      229 12 FOR Henen Advertising, clinching the $500,000 Bata account was the latest in the series of coups following its wellreceived 10th anniversary musical last November. Henen Ad's chief executive officer, Mr Henry Lim, said: "We won the Bata account strictly on creative
      229 words
    • Article
      Lock icon McCann takes its cue from soap opera
      357 12 NYT IS THERE a future together for Tony, the dashing man about town, and Sharon, his sophisticated neighbour, who share a taste for Taster's Choice freeze-dried eof Tee? True, sparks fly between the two stars of the unusual advertising campaign created by McCann-Erickson
      NYT  -  357 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      120 12 y'l H HB^' I "f *C';~*l- r f£?T^BV^'' r sj^r <H 1 ft I /V fy+~~"*» IoS-L' I ~*'V- 4 f, '4>jC >- "V ,r> U :^mr I ,T •6$ e I BaCSiiaai afe^afMiH 111 1 J..... '.:>. "'V (ggmmpm tg i •> £(fP|K .1 SW&% Jf- 4^ «s ft
      120 words
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  • SPORTS
    • Article, Illustration
      Lock icon Graf-Sabatini showdown again
      584 13 International Players Championships AP STEFFI GRAF will meet Gabricla Sabatini. Again. The rivals will tangle for the 28th time and the third this year in today's semi-finals of the International Players Championships in Florida. Both advanced with straight-set victories on Tuesday. "I like to play against Steffi,"
      AP  -  584 words
    • Article
      Lock icon Fiji aims to retain Hongkong Sevens title
      336 13 Reuter HONGKONG'S annual festival of beer, boot and bravado the Rugby Union Sevens kicks of? on Saturday with 23 teams eager to topple the flamboyant Fijians from their perch as champions. The Hongkong Sevens has developed from small beginnings into a premier international
      Reuter  -  336 words
    • SIDE LINES
      • Article
        MU defeats Montpellier
        154 13 AIDED by a glaring mistake from the rival goalkeeper, Manchester United defeated Montpellier 2-0 on Tuesday night to qualify for the semi-finals of the European Cupwinners Cup. The English and French clubs were tied 1-1 two weeks ago at Manchester in the first leg of the match,
        154 words
      • Article
        Aussies to go all out
        58 13 AUSTRALIAN cricket coach Bobby Simpson vowed on Tuesday that his side will go Hat out to press home its advantage over the West Indies in the final one-day international. Australia is already 3-1 up in the five-game series and has become the first visiting side
        58 words
      • Article
        Karlsson upsets champion
        85 13 SWEDISH newcomer Louise Karlsson upstaged world champion Yelena Volkova of the Soviet Union on the first day of a two-day World Cup swimming meeting in Malmo on Tuesday. Karlsson, 16, triumphed over the women's world 200 metres brcaststroke champion in the 100 metres breaststroke and clocked a
        85 words
      • Article
        Honours for Robson, Shilton
        70 13 FORMER England manager Bobby Robson has received the CBE in recognition of England's success in the 1990 World Cup finals in Italy and for his 40 years in football as player, manager and coach. Goalkeeper Peter Shilton, whose performance in Italy was one of the main
        70 words
      • Article
        Bubka soars again
        43 13 SOVIET pole vaulter Sergey Bubka set his third indoor world record at specialist event for the discipline at Donetsk on Tuesday, clearing 6.11 metres. It is the 24th time the double world and Olympic champion has set a world record.
        43 words
      • Article
        Courier picked for Davis Cup
        52 13 JIM COURIER will make his Davis Cup debut when the US, the defending champion, plays Mexico in a first-round match from March 29-31. Courier was on the team announced on Tuesday. Named with him were Brad Gilbert and the doubles team of Rick Leach and
        52 words
      • Article
        Funds for the Spirit
        42 13 THE Spirit of Australia America's Cup yachting syndicate was promised US$2.4 million (Ss4 million) this week during a fund-raising drive. Syndicate head lain Murray said yesterday that the support from business groups included US$BOO,OOO from the Amway group.
        42 words
      • Article
        Jahangir-Norman clash
        73 13 JAHANGIR KHAN, British Open champion a record nine times, earned himself a repeat on Tuesday of one of the greatest squash matches of all time against New Zealand's Ross Norman. Jahangir, whose record five-and-a-half year unbeaten run was ended by Norman in the 1986 World Open final, began
        73 words
    • Article
      Lock icon Rocking Wilander takes to a different stage
      448 13 AP TENNIS star Mats Wilander travelled the world for a decade as a professional player and is warming up for yet another tour. But the tennis racket is missing. This time Wilander will swing a black guitar. Yesterday, the 1988 Australian, French and
      AP  -  448 words
    • Article
      Lock icon Soviets right on target
      343 13 AP THE Soviet Union dominated the opening day of shooting in the World Cup USA Olympic qualifying competition in California, winning the gold and silver medals in both of the events contested on Tuesday. Alcxsander Bliznivchenko won the men's free pistol event by firing a score
      AP  -  343 words
    • Article, Illustration
      Lock icon You can't lose betting on the house
      904 13 NYT AT THE craps tables in the neon oasis of Las Vegas, don't you dare try to slip in loaded dice. At the blackjack tables, you can't count cards. If you develop a system that beats the slot machines, you're banned. House rules.
      NYT  -  904 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      196 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE A 'HEAVENLY' 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 I^| J A MEMBER OF COL HOTELS t«rti.siNcvM>o« Havelock
      196 words
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      Page 14 Advertisements Column 2
      174 14 asmkung NEW PORMAHOS APPEARS TONIGHT ABOM SORB HMD CANOPY BAfc Vki *m 4 i With il\ spectacular glass frontage. ihc» .iroipy Hanis inc total place to see Ihc slars It's ahn\Singaporc's newest and mosl exclusive rende/siwis The C'antipy Bar. upstairs at the Hyatt HIGH With a tempting array of 32
      174 words
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      Page 14 Advertisements Column 3
      236 14 Bfin HITS SUBWAY! Yes! Hard Attack is now wowing the crowds at Subway. Be in the thick of the action tonight! One for One during Happy Hours. Ladies' Night every Friday. c-bMMv Plaza Hotel \J ■aOlatHw ri Q7ftM 2WOOII iJjSk Cafe Aladdin's popular The Buffet Luncheon is served International Buffet
      236 words
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      Page 14 Advertisements Column 4
      339 14 m 4mttiid Swedish Smiir^aJjcnl KSfj jMJJEfijg^ Swedish Smorgasbord ;Mj March 22 31 g\ Lunch: Noon 2.30 pm Dinner: 7pm 10.30 pm 1 Adult: 36++ Adult: $45 tjM Child below 10: $18+ Child below 10: $23++ PIPpM e servf h* world to you at The Belvedere. OP 111 Orchard Road Singapore
      339 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      646 14 TELEVISION AND RADIO T\ 1 10.00 Uda, in ft—wt Fever. I LIAII 7Al< Y\ loif swnz v: 10.45 Ttanday Faatara Spaciai 8.00 Naars (M). 1 OWCI PldY 7.00 AM CNN tatamatto* (L). 12 M ur Choice) ,4 Pcrcm BBC, 09.9 mtlz ill VHF Baai r JJJ it> 9.35 HMutyat Half
      646 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Portrait of a many-faced genius
      1033 15  -  A new biography about Picasso debunks many of the myths put out by the artist himself and his glorifiers and accuses him of manipulative, sadistic tendencies Grace Glueck talks to the author. Grace Glueck NYT WRITING about Picasso is a minefield, said John Richardson, whose
      NYT  -  1,033 words
    • Article, Illustration
      From starry-eyed peasant-girl to power-hungry tyrant
      467 15  -  Jennifer Lien on playwright Henry Ong's Madame Mao's Memories Jennifer Lien IN THE liberal China of the late *****, nobody in the country could have guessed that 30,000 of their countrymen would die at the hands of a Greta Garbo groupie, not even students
      467 words
    • Article, Illustration
      A royal call to action
      692 15 CHATTERBOX BRITAIN'S Prince Charles is warning against environmental disaster unless action is taken to fight world poverty, hunger and homelessness. "Surely it is crazy to wait for ecological and human catastrophes before we tackle the root causes of them," the Prince told a conference on
      692 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      274 15 AND ENTERTAIN The Happiest Hours In Town. TO *I'M j| DAII Y OPENING M»XRV "*ftarr-- lIAM TO lAM Happy Hours at The Fountain Lounge means enjoying a complimentary drink with every one you order. Plus, 25% off bottle purchases. There's great live music too. A ANA HOTEI 16 NASSIM HILL,
      274 words
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      Page 15 Advertisements Column 2
      153 15 r m tAUMk# m MtWA ■U* NISHIKI fx* RESTAURANT FROM 21 MAR TO 21 MAY U Set amidst bought of cherry blossoms is where M you can enjoy authentic Springtime '> delicacies Skillfully prepared for this delightful season are grilled lobster, salmon roe, ginko it It nuts, arksbell and rare
      153 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Stocks end sharply lower on late selling
      4078 16  -  By William Chia SHARE PRICES on the Singapore stock market closed sharply lower yesterday, with sentiment mainly affected by a plunge in the Tokyo market. The Straits Times Industrials Index fell 25.15 points, or 1.69 per cent, to 1459.69 from Tuesday's close, while
      4,078 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3864 17 Main Board Asia Pacific 1040 20 f 2.0% Ssangyong 50* 310 +14 +4.7% Spore Bust- MX) 735 +-5 +0.7% S Finance 163 +3 +1.9% Fuji Offset 20* 106 3 +2.9% Eu Yan Sang l.n 79Vj I '/j +1.9% Pacific Can 50« 101 +1 +10% Lum
    3,864 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      157 18 CmpiRj Bate Y«ar Croup N«t N«t Minings Gr*ss mm to fnM/tou (L) pt slur* dividend (•000) (cmito) Pacifc Can Mar 18 Sep 90 $1.376l($591m) —(08) Finance Mar 15 Dec 90 $S.276($5.169) 6.4(8 0) 5(4) Vm der Hoist Mar 12 Sep 90 $2,451 ($1,902) 4 2(3.3) l(-) G Securities
      157 words
    • Article
      PROPOSED ISSUES
      310 18 Company Rights Issue Mcom Onetor two MSI 00 per share Issue at 40m Cumulative Redeemable Preference Shares of MJO10 each at MSI per share with 10m detachable TSR Baton One-tor tour MS2 00 per share Gcarf* Kent One-tor two MSI 50 per share H Leonj kid Iwolor ftve
      310 words
    • Article
      PRELIMINARY RESULTS
      446 18 Ctapaay Bate Yaar Cruf pre-tax M timings Gross wa to profit/lost (L) par steara dividend ('MO) (cants) MTC Mar 18 Dec 90 M$65.654(M$52.409) 19(15) 37.2(21 8) 0U6 Mar 18 Dec 90 $85.644($75,497) 27 6(24 4) 11(10) OUE Mar 18 Dec 90 $36,907(115.778) 20 2(7.4) 16(11) OUT Mar 18
      446 words
    • Article
      CORPORATE DEVELOPMENTS
      385 18 Mar 19 Tech Trad* (S) Pte Ltd, a Singapore based investment company, has made a formal takeover offer of 80c per share against the face value of 50c per share to the shareholders of Chloride Eastern Industries Ltd (CEIL), a leading Asian battery manufacturer Singapore Airfnes has ordered
      385 words
    • Article
      INTERIM RESULTS
      361 18 Cmpmh Date Half-year (mp pre-tax Interim mm to profit/loss (L) dividend COM) To* Cement Mar 19 fee 90 M$24,111(M$20,998) 10(5TE) a Hotdmp Mar 18 Dec 90 M$ll.432(M$9.383) 8(-) Pas Pacihc Mar 18 Dec 90 $1,884(11.586) GK Got) Mar 15 Dec 90 $5,091(1,513) -<-) Material N Mar 15 Dec
      361 words
    • Article
      DIVIDENDS ANNOUNCED
      755 18 Current Ex Bocks Date Tatel for Trial for payment date dosa pay aMc tka yaar last yaar Asian Find US$010(b) Mar 18 Mar 28 Apr 8 USJO10 Anho 5%TE Feb 25 Mar 7 May 15 12 5*TE 25%TE Ml 104 8% Apr 15 Apr 26 May 10 1524%
      755 words
    • Article
      RESULTS DUE
      643 18 Main Board Last FmN Yaar Company Ptnod Data Tea Net EPS Grow Net nk| (cants) *r pre* last yea (F000) CMB fidnpi Inters Nov 13 Oec 90 29 7 132 11.616(e) BMT Interim Jan 10 lun 91 254 2 150 0 773 Apt* Fral Feb 16 Ok 90
      643 words
    • Article
      BONDS, LOANS & WARRANTS
      769 18 BONDS, LOANS WARRANTS 5 5 Betae 26 4 93 1 warrant phis S3 09 cash CM| Loan Cauwway Nt 2 10/89 to 20/10/94 1 warrant plus SO 77 cash or 1 warrant plus 50 77 nominal amount ot loan stock Chuan H* Notes Chan fi*> Nt March 87 to 31/12/91
      769 words
    • Article
      APPROVED ISSUES
      222 18 Company Rights l»w H Leo* Cm* Tvw-forfive (a. MS2 00 per share Ex-date Feb 21 Books dose Mar 7 Acceptance t Payment Apr 19 Kl hdustnts One Kuala Lumpur Industries rtdgs Bhd stare of MSI each for se*n KLI shares of 50 sen each R«hts issue of one-tor
      222 words
    • Article
      COMPANY MEETINGS
      238 18 Pubic Bank Bhd: 25th AGM at the Ballroom. Hotel Equatorial. Jalan Sultan Ismail, ***** Kuala Lumpur on Friday, March 22, at I lam. Vai Der Horst Ltd: 17th AGM at 11, Pandan Crescent. Singapore 0512 on Friday. March 22, at 10am Summa Investments Ltd: EGM at the Boardroom.
      238 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      277 18 SINGAPORE BUSINESS WE'LL DELIVER TO YOUR HOME OR OFFICE AT NO EXTRA COST! Subscribe or renew your subscription now. 5 Lucky Draw Prizes The first 100 subscribers will each receive a set of two Sourcecom Audio Programmes from Panicker and Dang worth almost $50. You can choose between A. "Negotiation
      277 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Losses in overseas bourses spark selling spree
      4144 19 Bernama SHARK PRICES finished sharply lower yesterday as investors liquidated their positions following losses in major overseas bourses. Selling of index-linked stoeks caused the biggest sin-gle-day drop this year in the KLSE Composite Index which lost 15.08 points, or 2.5 per cent, to
      Bernama  -  4,144 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      123 19 NEWS FLASH uu 4ifr na 1 trnes ys&~z, IT MIGHT SURPRISE you to know that Shipping Times is the most well-read paper in the transport industry. Everyday it brings you: Bunker Reports, Shipping Agents" List. Freight Rates and a guide to port of calls of major shipping lines, among others.
      123 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Wall Street plunge pulls Nikkei sharply lower
      2212 20 Reuter TOKYO stocks closcd sharply lower on Wall Street's 62-point plunge overnight, an adjustment following recent gains and fiscal year-end position closing. The key 225-share Nikkei index was down 557.31 points or 2.06 per cent to 26,449.35, with 550 million shares traded. The
      Reuter  -  2,212 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks finish sharply lower in active session
      2272 20 Reuter HONGKONG stocks fell sharply yesterday on heavy declines in New York and Tokyo as local retail investors sold shares and overseas institutions, strong buyers of late, kept to the sidelines. Brokers said light buying followed initial losses, boosting the blue-chip Hang Seng
      Reuter  -  2,272 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Dow's sharp fall hits regional markets
      • Article
        AUSTRALIA
        940 21 INVESTORS spooked by Wall Street's sharp fall overnight sold oIT blue-chip stocks and sent the Australian share market tumbling yesterday. The All Ordinaries Index sank 26.7 points or 1.8 per cent to 1428.6, its biggest one-session fall since the bull market rally began in January. The market started on
        940 words
      • Article
        Untitled
        89 21 (low Previous Marrh 20 SYDNEY All Ordinaries Index 1.428.6 1.455.3 -26.7 All Industrials lndc\ 2.200.3 2,236.9 -36 6 All Resources Index 837.9 855.6 -18 6 Turnover (million) 92.94 94.61 -1.67 BANGKOK SET Index 876 28 883 59 -7.31 Turnover (million baht) 5.300 5,200 +100 JAKARTA Composite Index 398.76 398.15 f0.6
        89 words
      • Article
        BANGKOK
        822 21 THAI stocks continued to slide on New York's Dow Jones index drop overnight, brokers said. The SET index closed 7.31 lower at 876.28 yesterday and prices of most accounts fell except in the commerce sector. Turnover came to 5.3 billion baht. Siam Cement fell 16 baht to 774 and
        822 words
      • Article
        TAIPEI
        330 21 DECLINES on overseas markets prompted Taiwan investors to unload stocks yesterday, but dealers said the index found firm support at the 4,700mark. The weighted index lost 78.29 points, or 1.6 per cent, to finish at 4,759.31 against Tuesday's 4,837.60 close. Turnover was NT545.9 billion against $45.8 billion. Dealers said
        330 words
      • Article
        SEOUL
        778 21 SEOUL stocks fluctuated in a narrow band yesterday as investors backed ofT in anticipation of tight money supply and downward pressure from institutions at the end of the first quarter, brokers said. The index closed 2.80 points lower at 669.36 after edging up in early trade, mainly on buying
        778 words
      • Article
        NEW ZEALAND
        264 21 WALL STREET'S 62.13 point dive was mainly responsible for pushing the New Zealand share market 2.1 per cent lower by the close, brokers said. The Barclays Index fell an estimated 27.48 to 1,305.18. "The market took its cue from Wall Street," Caville White's Don Turkington said. Brokers said
        264 words
      • Article
        Untitled
        370 21 la local cwmcy la S$ la US$ day year day year day year MAR 19 laden change change change change change chaage World 409 3 -0.7 14.3 -1.3 12.0 -1.4 106 *E\FE 5443 .0.7 1S.8 -1.6 11.5 -1.7 IOI Europe 421.6 -1.0 15.7 -3.2 6.6 -3.3 5.2 Pacific 906 8
        370 words
      • Article
        MANILA
        513 21 PHILIPPINE share prices fell across the board yesterday as sellers wanting cash for next week's Lenten holidays chased buyers who tried to postpone trading until the market regains momentum, brokers said. The Manila Stock Exchange composite index closed below 1000 points at 989.09, down 27.59 from Tuesday. Trading was
        513 words
      • Article
        BOMBAY
        59 21 SHARE prices on the Bombay Stock Exchange ended mixed after early gains were lost when players turned nervous over rumours that one big broker was facing a payments crisis, brokers said. The Bombay Stock Exchange index closed 0.84 points higher at 1,171.92 after slumping from a mid-session high of
        59 words
      • Article
        Lock icon JAKARTA
        597 21 Reuter CASH-STRAPPED locals and reticent foreigner investors pushed Jakarta share trading even lower though the official index closed up a slim 0.6 points at 398.76 "We're seeing a correction in blue chips. There's very little liquidity in the market," one foreign broker said, adding that a lot of local
        Reuter  -  597 words
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  • WORLD STOCK MARKETS
    • IBM shock forecast sends Dow tumbling
      • Article, Illustration
        NEW YORK
        1382 22 WALL STREETs recent retreat turned into a rout on Tuesday under the twin let-downs of market bellwether IBM's collapse and renewed inflation jitters, analysts said. The double-digit decline in IBM Corp's shares after it predicted a halving of first quarter earnings and an inflation report that was double
        1,382 words
      • Article, Illustration
        LONDON
        859 22 UK SHARES slipped again at the midsession yesterday on worries Wall Street was set for another sharp fall when it opens at 1430 GMT. The US market dropped 62 points on Tuesday but indications from US share dealings in London pointed to an early fall of up to 30
        859 words
      • Article
        AMSTERDAM
        271 22 .WEIGHED down by a two per cent drop on Wall Street on Tuesday and knock-on falls in most European markets, Dutch shares stood at the day's lows at midsession, dealers said. However, the fall of the CBS index to 91.8, 0.7 on the day, masks underlying strong sentiment and
        271 words
      • Article
        Untitled
        125 22 March 19 Oom Prrriow NEW YORK Dow Jones 2.867.82 2.929.95 -62.13 NYSE Financial 142.73 ***** I -1.87 SAP 500 366.59 372.11 3 -5.52 Turnover (million) 177 163.1 +13.9 LONDON Financial Times 30 1,947.1 1,979.2 -32.1 FTSE 100 2,459.0 2,490.6 -31.6 Turnover (million) 619 451.9 +167.1 AMSTERDAM CBS Tendency Index 91.8
        125 words
      • Article
        BRUSSELS
        192 22 BELGIAN shares rose at midsession, yesterday reversing early losses, despite a 10 basis point increase in the Belgian National Bank's key interest rate to 9.20 per cent. On Tuesday.the Belgian shares closed mixed to lower, fading in the last hour of trade on Wall Street's weak start, dealers said.
        192 words
      • Article
        MILAN
        203 22 ITALIAN shares opened lower yesterday and remained down at mid-morn-ing in a technical correction, but brokers said market confidence had not been unduly shaken by sharp falls overnight in New York and Japan. At 1030 GMT, and with just under half the shares officially fixed, the MIB all-share index
        203 words
      • Article
        FRANKFURT
        160 22 A SHARP slide in share prices on Wall Street rippled through the Frankfurt Stock Exchange on Wednesday, sending prices tumbling 1.9 per cent to their lowest closing levels in nearly three weeks. The 30-share DAX index fell 28.61 points to 1,517.92. Traders said comments by Bundesbank President Karl Otto
        160 words
      • Article
        PARIS
        149 22 FRENCH share prices came off sharply to close at their lowest March level mainly because of a comment by Bundesbank President Karl Otto Poehl that German monetary union was a disaster, dealers said. The bourse was virtually static after a lower opening and was down by only 0.28 per
        149 words
      • Article
        JOHANNESBURG
        405 22 JOHANNESBURG stock market began little changed on Wednesday morning in subdued trading as attention focussed on the South African budget presentation in the afternoon, dealers said. Gold shares started slightly firmer, helped by a modest rise in world bullion prices, while industrials eased a fraction, they said. But no
        405 words
      • Article
        STOCKHOLM
        70 22 PRICES on the Stockholm bourse recovered partly from a two per cent morning plunge and the general index was by mid-morning 1.11 per cent down from Tuesday at 1,073.60. Dealers said the fall was a result of Tuesday's news that the European Commission had launched a full antitrust probe
        70 words
      • Article
        TORONTO
        215 22 THE double whammy of lower first quarter earnings expectations from IBM and high US inflationary figures hit Toronto stocks across the board, dealers said. Wall Street tumbled about 62 points or nearly two per cent on the negative news. The composite index lost 19.54 or 0.55 per cent to
        215 words
      • Article
        Lock icon ZURICH
        349 22 Reuter THE Zurich bourse opened nearly one per cent lower in thin volume on Wall Street's 62-point plunge and Tokyo's 2.06-per cent fall, dealers said. The SMI index of leading shares lost 13.2 points, or 0.83 per cent, to 1,573.5 point in early trade. "Trading is quiet and there
        Reuter  -  349 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar hits new 1991 high in Frankfort for sixth straight day
      1214 23 REPORTS THE US DOLLAR was set at a new 1991 high of 1.6580 marks in Frankfurt yesterday, up from Tuesday's previous high of 1.6178. Yesterday's fixing was the sixth consecutive day that the US currency had been set
      1,214 words
    • Article, Illustration
      Lock icon Avoid Bonn's mistakes, Poehl warns EC
      459 23 German monetary union was disastrous, says central bank chief NYT IN A BLUNT warning, the head of Germany's ccntral bank said on Tuesday that German monetary union was a disaster that should serve as a "drastic illustration" of mistakes the European Community must avoid
      NYT  -  459 words
    • Article
      FINANCIAL FUTURES
      1128 23 SIMEX FUfWMMHUW Open High Low Sett Est Vol Op/lnt Vol Jun 91 93.22 93.23 93.20 93.22 7446 ***** 9835 Sep 91 92.84 92.86 92.82 92.86 2358 6296 2086 Dec 91 92.38 92.41 92.37 92.40 451 8600 707 Mar 92 92.20 92.23 92.19 92.22 407 4573 288 Jun 92
      1,128 words
    • Article
      INTERBANK FOREX RATES
      383 23 Cross rates Mar 20 USS SS MS Dm Yen SFr AS NZS uss 1.7705 2.7435 1.6480 138.35 0.5637 1 4210 1.2970 1.6793 SS 1.5496 0.9308 0.7814 0.3184 ***** 0.7326 0.9485 MS 64.53 ***** 0.5043 0.2055 0.5180 0.4728 0.6121 Dm 0.6068 1.0743 1.6647 83.95 0.8623 0.7870 1.0190 Yen
      383 words
    • Article
      MONEY MARKET
      561 23 Interbank rates S$ Bid Offer Overnight 4 4 1/4 1-month 4 3/8 4 1/2 2-month 4 9/16 4 11/16 1-month 4 5/8 4 3/4 Oncniight mode: 4 IS$ Bid Offer 7 days 6 7/8 7 1 month 6 1/2 6 5/8 2 months 6 1/2 6 5/8 3
      561 words
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  • COMMODITIES
    • Article
      Lock icon A US oil policy made in Houston and Riyadh
      807 24  -  Washington's views on energy are muddled, says Peter Passed Peter Passell NYT SAUDI ARABIA, the muscle behind the international oil cartel, made no secret of its aims at the meeting of Opec ministers in Geneva last week: keeping the price of
      NYT  -  807 words
    • Article
      KL tin records biggest rise in three weeks
      851 24 REPORTS THE price of tin moved up II sen to M$ 14.83 per kg in thin trading on the Kuala Lumpur Tin Market yesterday. Dealers said despite a small rise of US$5 per tonne on the London Metal Exchange overnight, the KLTM
      851 words
  • Article
    PRICES
    1464 24 Rubber Mar 20 MS (I* !■>*■»> SceniVkt Noon Close Int I KSS Prompt 143.25/144 25N I43 2VI44 25N lilt I RSS Apr 91 145.25/145.75 I45.2VI45.75 Int I RSS May *****/148 50 148 00/148 50 Int 2 RSS OP 142.50/144 50N 142 50/144 50N Inl 3 RSS OP 137 50/139
    1,464 words
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      621 24 NOTICES ANNOUNCEMENT INDONESIA DEVELOPMENT FUND LIMITED (an investment company incorporated in the Cayman Islands) NOTICE IS HEREBY GIVEN THAT for the purpose of determining who is entitled to receive the proposed dividend to be voted upon at the upcoming Annual General Meeting of the Company to be held on Friday,
      621 words
    • Advertisement
      Page 24 Advertisements Column 2
      309 24 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF K. L. MANUFACTURING PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of K. L. MANUFACTURING PTE LTD. duly convened and held on Monday. 18 March. 1991 at 10 00 am at
      309 words
    • Advertisement
      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
Page thumbnail Page 25
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1090 25 City Flight ETA Flight ETD Aba Dhabi GA975 1125 GA887 1225 AdaiaMa SQ228 1900 QF888 2330 QF5 2000 AntstonUm SQ23 0740 KL840 2150 GA975 1125 SQ24 2300 KL839 1455 Auckland NZ25 1825 BA11 1225 SQ325 2115 IMZ26 2150 Babraia GF148 0915 2 B Sari Bagawan BI421
    1,090 words
  • THE TRAVEL PAGE
    • Article, Illustration
      A nation of great contrasts
      659 25  -  LETTER FROM NORTH KOREA By Christopher Portway GLASNOST has done nothing to keep the Soviet Union's trains running on time, as I discovered last year when I became the first Western journalist to ride the lonely line south of Khabarovsk to the North Korean border
      659 words
    • Article
      MONEY CHANGER RATES
      148 25 As at 3pm yesterday: Ixxal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3600 1.3800 Canadian dollar 1.5200 1.5300 NZ dollar 1.050 1.08 Sterling pound 3.120 3.1500 US dollar 1.7610 1.7830 Ixical dollars to 100 units of foreign currency Austrian schilling 15.00 16.00
      148 words
    • Article
      WORLD TRADE EXHIBITIONS
      64 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Apnl Expo Optica Spain HIM ********** Apr| International Barcelona Foirc de (34)3/423.3101 8-13 Construction Fair Barcdone (FOIM) r April International Budapest. HL'NGF.XPO V»l I47CWO Apnl 17th International Centra Fundac-i Fl (541)*****25 9| Exhibition of Hungan 5-22 Book
      64 words
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      42 25 You've got nothing Tbulouse trying Finnair next time you go to France. With a twice-weekly service from Singapore direct to Helsinki and then to everywhere in Europe from Paris to Prague. Call *****77 for details. Wr know Kuropr from start to Finnish.
      42 words
    • Advertisement
      Page 25 Advertisements Column 2
      62 25 WILL MILAN SURVIVE? Or will Marseille be the new football king of Europe? ft s Bayern Munich on the way out? Beaten by Porto? All the results of last night's European Cup, Cup Winner's Cup and Uefa Cup second-leg quarter-finals. n today's New Paper, For an exciting lunch. sc r
      62 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      295 25 ACROSS |i B I R E B [6 I HV7 HHs 1 Relief to have a paler opH M 9 Policy limit? (4) H 10 Secret place, it turns out, I I for containers (II) 1®!""~MH ■■""■Mt"" 11 Commotion makes one on Hi 14 Withdrawn. respect clues gone wrong (7)
      295 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      209 25 Singapore Outlook: Showers over mam areas in the morning. Forecast: Maximum temperature 31.5 Assoc humidity 67% Minimum temperature 24.6* C Assoc humidity 97% Hours of sunshine 6.80 Rainfall in mm Nil Rainfall this month 12.7 Rainy days this month 2 World forecast Asia-Pacific C'ond. Auckland 24/15 Fair Bangkok 34/24 Fair
      209 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      45 25 •nwraor* HQjy nqACkctf3£L( u)ORK£P ON IT AT V4QZC |T |c &£/STOLO.AI lT S \ANP Me U>€£XeNDS".. THC eAGERLY |1 MOU) up.TO sou mpwfNse. J V of rue. p "V-pA,. >v of 7 r Ac) /v Th€ HOUSg. JOURNAL s 8383 I STANDARD CO. LTO.. IM2-IMI
      45 words
Page thumbnail Page 26
  • Article
    Jardines to move primary listing to London
    586 26  -  Move an extension of change in domicile From Catherine Ong in HONGKONG JARDINE Matheson. one of Hongkong's oldest hongs, yesterday announced that it is shifting its primary listing to London, a move that could undermine business confidence in the territory after 1997. Citing
    586 words
  • Article
    Lock icon Kuwaiti government resigns
    121 26 AFP THE KUWAITI government announced its resignation yesterday, raising fears among the political opposition that a military government could be installed. The sudden resignation of the 22 Cabinet members, eight of them from the royal al-Sabah family, came amid a mounting outcry that the government had done
    AFP  -  121 words
  • Article, Illustration
    Citibank keen to set up office in Vietnam
    367 26  -  By Harish Mehta CITIBANK is interested in setting up an office in Vietnam. a development which could give Hanoi's banking sector a boost. A Vietnamese official made this disclosure yesterday at a workshop on developmental issues in Vietnam. Laos. Cambodia and Mvanmar
    367 words
  • Article
    Mini Marshall Plan among suggestions for Cambodia
    299 26 TURNING the Cambodian city of Kompong Som into a industrial city like Singapore and setting up a mini Marshall Plan to reconstruct Cambodia were suggestions made by two academics at a workshop on developmental issues in Indochina and Myanmar yesterday. Dr Lao Mong
    299 words
  • Article
    Lock icon US lagging in hi-tech race: report
    257 26 AP THE US is losing badl> to foreign competition in numerous high-technology fields considered crucial to its economic future and national security. A study by the US Council on Competitiveness released yesterday found that in areas from silicon production to robotics, US industry was
    AP  -  257 words
  • Article, Illustration
    Malaysia has found its winning formula
    686 26  -  The Bottom Line NOORDIN SOPIEE NOORDIN SOPIEE The writer is director-general of the Institute oj Strategic and International Studies (his) Malaysia The views expressed are entirely his own. FOR MOST of the last three decades. the dragon economies of north-east Asia have been the
    686 words
  • Article
    Bank vice-president faces CBT charges
    155 26 A VIC'E-PRESIDENI of the Singapore branch of the Republic National Bank of New York. Nap Lip Yeong. is facing two criminal breach of trust (CBI") chargcs imolving 5320,000. Yap. 34. who has been in banking for more than 10 tears, was arrested on luesday. The
    155 words
  • Article
    Bank Duta debacle did not hit state finances
    201 26 rHE FORMER chief supervisor (commissioner) of Bank Duta. Bustanil Vrifin. has affirmed that the bank s financial debacle last year did not inflict anv losses in state finances. the Jakarta Post re ported yesterday. However, vice-president Sudharmono amplified the j point he
    201 words
  • Article
    Gorbachev orders huge price rise despite strike
    177 26 IN HIS most controversial reform to date. Soviet President Mikhail Gorbachev has ordered huge retail price increases starting next month, even though tens of thousands of coal miners are already out on strike. The country appears on the point of dislocation, but the
    177 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      104 26 Nikonl The World's Finest Photographic Systems V s #s j^xs Dauphin Sitzkultur Ahealthy backbone is essential FOR PERFORMANCE. Distinguished design quality express the identity of a company Master Line o programme made in West Germany Master Line oromotes motivation for thus enhancing performances Available exstock, our executive with Doubleßolax W
      104 words
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      Page 26 Advertisements Column 2
      8 26 Jardines posts 18pc increase in earnings, Pg 3
      8 words
    • Advertisement
      Page 26 Advertisements Column 3
      110 26 Nikon The World's Finest Photographic Systems Dive Adventure —MICRONESIA Stay on board you' floating hotel the S S TMORFINN '70 crusie ship 7 DAYS 'or USSIS4O 00 PRICE INCLUDES All -neals (plus wine with dinners) UNLIMITED DIVING at wrecks plus Night Dives We provide TANKS WEIGHTS DIVE PERMITS I enenced
      110 words
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  • Shipping Times
    • Article
      Anera to impose general rate increase in May
      406 27  -  By Selva Kumar SHIPPING costs in the trans-pacific eastbound trade will go up in May when the Asia North America Rate Agreement (Anera) imposes its planned general rate increase (GRI). In an announcement from the US yesterday, the conference said that it
      406 words
    • Article
      Lock icon Increase in container trade may boost port investment
      258 27 Reuter A MASSIVE RISE in world container trade over the next 15 years may trigger huge port investments, the latest study by Ocean Shipping Consultants, based in the south of England, said. The study forecasts additional investment needs by relating future trade
      Reuter  -  258 words
    • Article
      Aussie govt inquiry into shipbuilding industry
      382 27  -  From John Spiers in SYDNEY AUSTRALIA'S ailing shipbuilding industry has been taken by surprise by the announcement of an inquiry into it by the House of Representatives Standing Committee on Industry Science and Technology. It came almost immediately after former transport minister, Peter Morris,
      382 words
    • Article
      Lock icon Indian Airlines in the red after 17 years of profit
      342 27 AFP INDIA'S state-owned domestic airline is ending fiscal 1990-91 with its account books deep in the red after 17 years of consistent growth and high profitability. S S Ramdass, chairman and managing director of Indian Airlines (IA), said on Monday
      AFP  -  342 words
    • Article, Illustration
      Lock icon Cyprus top ship management centre
      400 27 AP CYPRIOT Transport Minister Paul Savvidcs said on Tuesday that the port of Limassol on the east Mediterranean island "is probably the No I ship management centre in the world". Cyprus is believed to be the fastest growing international ship registry in the world. It
      AP  -  400 words
    • Article, Illustration
      Lock icon Taiwan's state-owned shipping firm seeks listing
      367 27 Reuter TAIWAN'S state-owned Yangming Marine Transport Corp has applied to the Taiwan Stock Exchange to be listed on the stock market. The application is in line with the government drive to privatise Taiwan's state enterprises. company president Chen Ting-hui said on Tuesday. In its
      Reuter  -  367 words
    • NEWS SUMMARY
      • Article
        Banking problems hit shipping industry
        44 27 THE shipping finance market is for once influenced less by the health of the shipping industry than by the daunting problems facing the banking sector. Peter Stokes takes a look at the relationship between the two sectors. Page 2
        44 words
      • Article
        US sub-building facilities may close
        40 27 TWO TITANS of military shipbuilding said on Tuesday that there will be mass layoffs and a possible shutdown of submarine-building operations if the Navy proceeds with a post-Cold War slowdown in sub construction. Back Page
        40 words
      • Article
        Car makers using plastic parts
        68 27 AUTOMOTIVE engineers have puzzled for years over how to use weight-saving plastics in car and truck engines without losing the strength or heat resistance of metal. Now, new economical ways of reinforcing and molding plastics are providing a solution, and car makers are using large
        68 words
      • Article
        Creditors quit Eastern panel
        34 27 REPRESENTATIVES of Eastern Airlines' biggest creditors, frustrated at watching the airline's assets drain away and the amount they will recover diminish have resigned from the unsecured creditors' committee Back Page
        34 words
    • LOG BOOK
      • Article
        EC law on telecom equipment sales upheld
        90 28 THE EUROPEAN Court of Justice largely upheld an EC law which forced member governments to abolish monopoly control over the multi-billion dollar market for sales of telecommunications equipment. Lawyers at the EC Commission, which introduced the law in 1988, said the court upheld
        90 words
      • Article
        No buyer for Air Europe yet
        93 28 AIR EUROPE'S court appointed administrators have failed to find a buyer for the whole airline in time for a Civil Aviation Authority (CAA) deadline on Monday, but despite this the CAA has agreed not to suspend Air Europe's operating licence. A spokeswoman for the
        93 words
      • Article
        Ice receding off Finland
        83 28 ICE WAS RECEDING OFF Finland but ships still needed icebreaker assistance to get into port, the Marine Research Institute said in its latest survey. There was also fast ice at Leningrad in the Gulf of Finland. Only ships of FinnishSwedish ice class IA over 3,000 dwt
        83 words
      • Article
        Daimler-Benz denies report
        49 28 DAIMLER-BENZ AG has denied a report in Der Spiegel magazine that a shipment of trucks it was due to send to Iraq before the invasion of Kuwait were designed for use as missile launchers. A spokesman said Daimler would make a detailed statement in response later.
        49 words
      • Article
        Hyundai workers vote to strike
        62 28 UNION WORKERS at South Korea's largest shipyard voted to go on a strike to press demands for higher wages and reinstatement of their sacked colleagues. "More than 70 per cent of 19,000 union workers supported the strike in a ballot on Friday," a union spokesman
        62 words
      • Article
        China keen on tie-ups with KL
        55 28 CHINA wants to cooperate with Malaysia in aerospace and aviation technology, Chinese Minister of Aerospace and Industry Lin Zongtan said. Mr Lin said after meeting Minister of International Trade and Industry Rafidah Aziz, China had 40 years of expertise in the industry and could
        55 words
      • Article
        Ship's compressor damaged
        34 28 THE BURMESE-REGISTERED refrigerated vessel Clementina has sustained damage to its cargo compressor off Guayaquil, Ecuador, Lloyds Shipping Intelligence reported. The 9,725-dwt vessel was due at Puerto Bolivar, Ecuador on March 25.
        34 words
    • Article, Illustration
      Lock icon Banking problems hit shipping
      913 28  -  Peter Stokes takes a look at why the problems of the banking industry must of necessity also become the problems of the shipping industry Peter Stokes Lloyd's List THE shipping finance market is for once influenced less by the health of the shipping industry than by
      Lloyd's List  -  913 words
    • Article
      TRANSPORT DIARY
      998 28 March 21-23: Seminar on Commercial Shipping. Letter of Credit and Cargo Claims of International Trade Specific Issues. Contextual Practice and Operational Process. Organised by Facs World Pte Ltd at Carlton Hotel. For further enquires call *****71 or fax: 292-2875. March 26-28: SingaPort '91 International Conference for the Maritime
      998 words
    • Article
      THE SHIPPING GUIDE
      11196 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      11,196 words
    • Article
      SHIPPING AGENTS
      3310 41 Containerize NV: Bclsin Shpg Agencies Pte Ltd (SyMarinc Handling Sdn Bhd (PK7PN) Accord Group: Accord Shpg Pte I t«J (Sy Accord (ontr Lino (PK/PN). Adkris Business Cor pom t ion Philippine: Calsourcc Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Hrata
      3,310 words
    • Article
      COURIER SERVICES
      249 41 Abacus Couriers Tel: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Liak International Tel: 344-3377. Fax: *****50. Cluster Link Supplies A Services
      249 words
    • Article
      AIR FORWARDERS
      1501 41 Abex Express Freight I Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. I Activair Singapore Tel: 542-7822. Fax: *****20. I Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax:
      1,501 words
    • Article
      PORT CONDITIONS
      2826 42 AUSTRALIA Dairymple Bay: Coal: I vessel loading. 5 waiting; 5 vessels due by March 30. Gladstone: Clinton Nos. I 2: Coal: I vessel loading; 15 vessels due by late March; 1 day delay expected. Barney Point Coal: berth vacant; 3 vessels due by April 9; no delays. Auckland
      2,826 words
    • Article
      AIR FREIGHT SCHEDULE
      459 42 ARRIVALS DEPARTURES Op Flight I >Pf ETA I From Op Flight lyp< LTD T To TODAY TODAY KM. KE697 B747F 0220 I SFL KAL K 1.69 7 B747F 0450 I BKK NCA KZ203 B747F 2005 I NRT SIA SQ/ B747F 0540 2 BOM/LON KAL KF.685 A30F 2345
      459 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      641 42 SHIP SALES TANKER RATES Reuter AFP THE SALE and purchase market featured strong enquiry for handy size and panamax bulk carriers, especially lower capital vessels, secondhand tonnage brokers said. The extra demand for tonnage is due to the recent strong advance in dry cargo freight rates, they added. VESSELS SOU)
      Reuter; AFP  -  641 words
    • Article
      CRUISE & FERRY SCHEDULES
      259 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr IH'p Name of Vessel ETA ETD Ports of Calls Port Agent MARCH 21 21 Cora Princess 1000 2230 Jakarta-Sin-Jakarta Sembawang Johnson 24 25 Maxim Gorki 0800 1700 Bangkok-Sin- Singapore Soviet Shpg Co P Kelang 24 25 Song of Flower 1100 2230 P Seribu-Sin- Neptune
      259 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        591 43 *> fciwil Papartwt Vwm* toy N» BXh jwtrai Vnul fry Hi jrtd hpartirt Dwrt fry Ha Bgtti Arm* D*artin Kappal Wkarvn Hong Hock 91«3 P2D 20 03/2000 2103/0630 Super Star 9 3/91 M26 2103/1000 2103/1400 P—ir Pan lane KotaAkbar E390 K32 alongsrte 25.03/1500 Wanuaku 03/91 P2C 20
        591 words
      • Article
        CONTAINER SCHEDULE
        1334 43 RECEIVING OF EXPORT Fa COWT<UWtRS *HP ICt CARGO Record Boaking/Batance Rstts 9# Voy No Etto/Btr Period Fran To From An Adelaide ***** 22/0400 i 20/1500 20/1659 20/1900 Anro Ausl ***** 23/0700 3 21/0700 21/1159 21/1400 4 21/1200 21/1459 21/1700 Anson *****N 22/2000 2 20/1700 21/0659 21/0900 Arabian Sen
        1,334 words
      • Article
        DAILY FREIGHTS
        1049 43 CHARTERING on the dry cargo freight market was again quiet on Tuesday but the recent casing in panamax freight rates continued as the Baltic Freight Index declined a further 14 points to 1,732, brokers said. The key panamax sub-indices were all lower. The US Gulf to Europe and
        1,049 words
      • Article
        IN MALAYSIAN PORTS
        202 43 Kewbeßwt Johoru Pirt KwMm Part 3 ?rt 5: sEc'bJSTi'toSi Sttof E2 Iv* 'SS X" A™. ItacH* Bk* Mm. Mian. &na. »atot 6: Gulfßr«fe S dLil2?'<M fcrtl t Ocean Happy. Hmg B«1h: M Smlf T^ri sa r l "i^ r°7 ;S8: ssi™ a!S2S. a E£x£T Va ta Sflt
        202 words
    • Article
      Lock icon US yards warn of closure of sub-building facilities
      414 44 AP TWO TITANS of military shipbuilding told the US Congress on Tuesday that there will be mass layoffs and a possible shutdown of sub-marine-building operations if the Navy proceeds with a post-Cold War slowdown in sub construction. The Electric Boat Division of
      AP  -  414 words
    • Article
      Lock icon Creditors quit Eastern Airlines panel
      309 44 NYT REPRESENTATIVES of Eastern Airlines' biggest creditors, frustrated at watching Eastern's assets drain away and the amount they will recover diminish, possibly to nothing, have resigned from the unsecured creditors' committee. People who have closely followed the bankruptcy proceeding, who insisted on anonymity, said the
      NYT  -  309 words
    • Article
      Lock icon Car makers using plastic parts
      426 44 NYT AUTOMOTIVE engineers have puzzled for years over how to use weight-saving plastics in car and truck engines without losing the strength or heat resistance of metal. Now, new economical ways of reinforcing and molding plastics arc providing a solution, and car makers arc using
      NYT  -  426 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      201 27 BSWEE HENG METAL CO PTE LTD No. 13, Tuas Avenue 14, S'PORE 2263 FAX 861 2946 TEL: 861-5855 (5 LINES) TLX: RS ***** SHMCPL Sole Age* CIFA BnTd^i :> < ■Uiafl Also buy, sell t^HE3Ei rental ref)air For other reasons, send in your subscription now. i in M i II
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      Page 27 Advertisements Column 2
      53 27 Air Forwarders 15 A#r Freight Schedule 16 Container Schedule 17 Courier Services 15 Cruise ft Ferry Schedules 16 Daily Freights 17 Index to Advertisers 3 Port Conditions 16 Shipping Agents 15 Shipping Guide 10,11 Slwpsales Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Transport Oiary 2 Weather and
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      Page 28 Advertisements Column 1
      88 28 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
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      Page 29 Advertisements Column 1
      2217 29 JAROINE SHIPPING AGENCIES 200 Cantonment Road #12 05 Southpoint, Singapore 0208 All If/ Tel *****11 TELEX NO RS ***** ■imna TERMINAL/CES TM *****18 220 rCOfifial BOOKINGS Tet *****34 258 L VWQf A PESAKA JAROINE SHIPPING AGENCIES •'OAT KELANG TEL: *****18 TELEX NO MA*****/MA***** "22S PENANG TEL *****4 TELEX NO MA*****
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      Page 29 Advertisements Column 2
      926 29 INDEX TOMWKTjSERS P"*e Col Page Col T Lloyd Tries! ino 4 1/2 'I Lykes Lines S I ABC Containcrlinc 12 I yj Accord Ciroup 8 1-3 Albatros Sea-Air 14 3 Mac-Nek Agencies 14 1/2 Allied-Link 16 4/5 Macolinc 18 2/3 APL 5 3-5 •Macrsk Line 3 4/5 APC Line 13
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      Page 29 Advertisements Column 3
      2148 29 NEXT VESSEL TO USA MAREN MAERSK W9104 ETA 26/3/91 L Vessel Voy ETA ETD "ftort *Penang DESTINATIONS Singapore Kelang Ihts ween Merer Matru Feeder by »3 oeoo hrs m Farco« IHHpHH HH HIH CFS 2S/3 2350 HRS M Tauro OAK LGB MOU MEM ATL MIA CHS BAL PHL NVC MOM
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      Page 30 Advertisements Column 1
      1328 30 1. J [rotteoam/| VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE BEHH; TOKIO EXPRESS 98/111 21/3 11/4 9/4 8/4 KAMAKURA 16/311 24/3 10/4 12/4 15/4 16/4 KASUGA I 14/112 28/3 18/4 16/4 15/4 L ALL NCSTMUKO P MONTE ROSA 12/312 31/3 17/4 19/4 22/4 23/4 KILANG A P£HAHfi CARGO
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      Page 30 Advertisements Column 2
      552 30 DIRECT SOUTH PACIFIC SERVICE SIN NCKJ SUV PPT SEASPAC I 30/3 13/4 16/4 21/4 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA 4 NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP CALIAO SAN (PERU) ANTONIO SEASPAC I 30/3 4/5 5/5 8/5 9/5 10/5 Callao or SanliifO via Valpj
      552 words
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      Page 30 Advertisements Column 3
      1537 30 IABIA SJtmm REGULAR INDEPENDENT FULL CONTAINER SERVICE W£§TB6UND Fbh EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA SAMANTHA 9103-3 25/03 15/04 16/04 20/04 21/04 22/04 23/04 24/04 25/04 NORASIA SUSAN 9104 3 01/04 22/04 23/04 27/04 28/04 29/04 30/04 01/05
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      Page 31 Advertisements Column 1
      1935 31 SggSteamers Maritime Holdings Ltd P&O STRAITS SHIPPING Containers LAUSI MAERSK 9104 BIER I7TO 22/03 05,04 (J8 04 0904 1104 amort nut I*Bll MY 0506 LIB 19/03 2303 09/04 11,04 13/04 CARGO *>, No Pen, Pkl Spore All Sou Am Rot NQf STRAITS STAR VO6E Muara Lib KK In Pt 22
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      Page 31 Advertisements Column 2
      2179 31 TO: USA/PANAMA FM: U.S.A./PANAMA SP OAK IG« CRI FM SAV NO* W*C c||| chotang victory tr no im u,« a« 2W 211* MIAN VH m a; TJ \Z! 2** SINGAPORE SENATOR EF 111 21/3 17/4 H|4 2M 4,5 IS* >i SMUM MNMia i» in j IJ J ifc> ATLANTIC SENATOR
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      Page 31 Advertisements Column 3
      389 31 IiUHHSgHU STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS LOADING FOR YOKOHAMA M.V. COSMIC TRADER Vl6 ETA SPORE 21/3/91 ETA PK ETA YOKOHAMA 7/4/91 i M.V. COSMIC PIONEER VI2A ETA SPORE ETA PK 22/3/91 ETA YOKOHAMA 9/4/91 NOTE ALSO CALLING OTHER JAPANESE PORTS. HONGKONG TAIWAN CHINESE PORTS, SUBJECT INDUCEMENT
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      Page 32 Advertisements Column 1
      813 32 Att CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE TO EUROPE VSL.VOY I SPOKE ROAM.ADAM H BURG BREMEN ANTWERP SRIWIJAYA 31WB 29/3 6/5 12/5 16,5 20/5 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject to Indue •mant Also accepting cargo to Casablanca. Port Said. Port Alaaandrla. Genoa, Trlasta ALSO ACCEPTING BOTH CONTAINERS CONVENTIONAL
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      Page 32 Advertisements Column 2
      813 32 il. I HANJIN SHIPPING I RwTlim RTM ANR UAH abu rn FEEDER VSL SIN LIME HAUL LA* OAK I MANIIN SFATTif 017 m m !vf -<.4 |T? fri ill HANJIN MASAN 063E »3 04RECT 154 114 I HAN N hamViirp (nsw n i 1 ni 711 a *1 HANJIN IEHAVRE
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      Page 32 Advertisements Column 3
      1571 32 -]-TcTTETETT^ I_ l I 5? HKI OS CY 1 1,0 LAX CHS BAL NTC LHV s PW THP HBC PSO CMB PKL SGP I 21 a "c 3 J! 4< 44 71 84 S1 ,u, ;3 1<» i-'i 1«S 20/5 305 «6 lit 146 JJ22EVJ? i. 1.,«. .5. "4134 14
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      Page 33 Advertisements Column 1
      1922 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE *****19 USA SERVICE-*****16 AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE *****48 B TERMINAL OFFICE-*****22 DOCUMENTATION DEPT: *****44/*****14 CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 VvMHr NEPUNE SDN BHD MALAYSIA K.L.-(03)*****33, P. Kdano-(03) *****87. Pww»-(o4j *****0, J.Brf>»u-(07) *****3,
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      Page 33 Advertisements Column 2
      972 33 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VESSELS VOYACi SPWt »*Q*t WYACt SPORE PKIAWC HRURC IHAVtN TILBURY ROTT A»TWE»P AOZIOVSKU OSMI SIC 1703
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      Page 34 Advertisements Column 1
      1674 34 n* 4 T 9f mP AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No **********0 M) TEL *****77 TELEX KAWAKIRS23I6S FAX *****79 m J m Bli MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHD TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 mmm KAWASAKI KISEN KA 1 SliA, LTD. INDONESIA P
      1,674 words
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      Page 34 Advertisements Column 2
      1234 34 rift PHIU-OM€NT UN€S PT€ LTD 108 ROBINSON ROAD #07 00 GMG BUILDING SINGAPORE 0106 X TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 sljjA(f-v BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGI IT FORWARDERS ASSOCIATION tHi 25 MAR MONTREAL, OTTAWA, TORONTO, VANCOUVER,
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      1514 35 ***** pacific international lines (pte) ltd J PtLßudding. 140 Cecil Street WMO. Singapore 0106. I VESSEL VOY SIN JKT SIN VESSEL VOV SIN BKK SIN KOTA JAOC 9100 23/3 24/3 29/3 INGENUITY 12SN 23/3 20/3 JO/J MAI GUANO 9103 2» 25/3 29/3 SEA GLORY *110 24/3 27/3 31/3 BUNQA TERATAI
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      Page 35 Advertisements Column 2
      916 35 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTMHfT VESSEL VOY NOS SPORE LEHAVRE ROTTEROAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN NL Hoorn- 066 In Port 11/4 12/4 Bunga Suna f 078 26/3 12/4
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      Page 35 Advertisements Column 3
      50 35 JORDAN FAR EAST LINE S.A. REGULAR MONTHLY BREAKBULK SERVICE TO RED SEA PORTS VwwWov BKK KUCH SIN FOR FORTUNE ADA 20/3 28/3 31/3 Hodetdah, JFOIOW Aqaba, Jeddah LOAD FM E. M'SIA INDONESIAN PORTS SUBJECT TO INDUCEMENT General Agents: BEN LINE AGENCIES (S) PTE LTD. Tel: *****22 Fax: *****63 Tlx: R*****0/
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      Page 35 Advertisements Column 4
      344 35 M MYANMA W FIVE STAR UNE w (Myanmar National Lina) Loading for Yangon (Rangoon) S'pore P.KIg Pen P.Gdg PATHEIN VUOW In Port PAGAN VICIW 27 Mar «jl THE BANK LIME (A Mrvlceot Andrew Weir Shipping) SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I EXPRESS TO PAPUA NEW GUINEA I BUNKER SURCHARGE CONTR
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      Page 38 Advertisements Column 1
      680 38 TO AUSTRALIA/NEW ZEALAND "w5 Tin ifram |M*lb tSrd Uudi INK IP CHALM ARTWERPEN 237 n/3 2M W M U/4 U/4 1M TNT EX MISS m 24/4 Hi 7/5 W5 Ufi 17/5 20/5 ELLEN MUOIG 77* *5 ifc? 5/5 5/S V% 4/* MUSSEL 771 27/5 W M 1M Si W» 2M
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      Page 38 Advertisements Column 2
      1076 38 EXPORTS TO HONGKONG, TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKI PNC IKT SIN HKG KAO KEE TYO SM2 NGO KOB IptSSEL VOY SIN PKL PNC BLW SIN TSK MELODY 22 23.3 **113 22 3 29.3 24 I I 4 4 TSK MELODY 22 22 3 23
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      Page 38 Advertisements Column 3
      181 38 RT. UNITED SHIPPING "Sr ORGANISATION LTD 4 OMKCTIKCULMIWIMCCS JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA SURABAYA Aim>l liriiii (t alt Mkw Ib4mmlm >iHi wttfc HmhUiwM at Jakarta ar l»at»)a. DESTINATION ETA ETO VSL JAKARTA In Pt 22/3 P. JAWA W 28/3 29/3 P. KALIMANTAN w *2/4 3/4 P. SUMATERA JL
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      Page 38 Advertisements Column 4
      1369 38 fife 55? CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE Tct 1* "S" 1P I 4 2, MISTRI ROAD, KMC BUILDING TELEX: I*2 2«3OC°SHIP #15-00. SINGAPORE 0207 M IH c CR NO: U*****0000M CABLE: COSTARLINE General Agents: OOSTAR HUFFING PTE LID TO HONGKONG AND CHINA FROM MONO KONG AND CHMA
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      Page 39 Advertisements Column 1
      997 39 UKCcowviwriowAr«vi^^^^^^ Vewel PKL PNG PC. Loading tor A VESSfL 28/03 Rotterdam, Antwerp CHINA ruu. CONTAWKa MtmyiCT i vessel SCP PKL BKK HKC QIN SNA < TANGfANGKOU 147 02/04 03 04 0/1 M UO4 14,04 YANCfANGKOU 149 03/05 04 05 0M» 13/05 19/05 Aho Keeping oilier chineee ports >u HKC AUOTmAUAN/PIPOW—IAW
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      Page 39 Advertisements Column 2
      238 39 SnBiELD MARINE AGENCIES (S) PTE LTO Sf TEL: *****33 (12 Llnoa) (M FAX: ***** IS/*****03 |XJ TELEX: RS ***** RISHIP (3 Lines) i\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL vtssct Ivov eta I loading for SPORE ABBAV WON/ 29*8 10/05 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA
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      Page 39 Advertisements Column 3
      745 39 taka.P T. MASKAPAI PELAYARAN P«PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE ~VSL VOY SIN JKT PAJ
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      Page 39 Advertisements Column 4
      883 39 SYDNEY/MELBOURNE BANGKOK |VESSEL VOY SPORE SYP Mil [VESSEL VOT SINGAPORE BANGKOK HAMtTA 0447 30-31/3 12 13/4 15-17/4 WANA BHUM* 06ft Sat 23/3~" Tue 2TfT PIYA BHUM 0503 14 15/4 27 29/4 0143fr sm BMUM# 477N Frj 22/3 Hon 2S/3 PIANHA j064« 0102 5 ltm MAHA BHUM# SIN Sun 24/3 Wed
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      Page 40 Advertisements Column 1
      1224 40 a MAC-NELS SINGAPORE EIPBWT TEL *****22 fIMPOIT TIL: *****02 11 TEL (04) *****6 KK TEL: (088) *****0 TAWAU TEL (089) *****9 1 >lk zv P KELANG TEL (03) *****77 KUCHING TEL: (082) *****3 SKAN TEL (089) *****2 l-|V"/\ I J BAHRU TEL (07) *****2 SIBU TEL (084) *****2 SARIKEI TEL
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      Page 40 Advertisements Column 2
      416 40 ■Mfnfßimrrrmmmm BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER. WELLINGTON. BLUFF. CHRISTCHURCH, DUNEDIN, LYTTELTON. INVERCARGIL. FIJI AND TAHITI SIN I* PIT AUCK ITT PREMIER US 6 Apr II Apr Via NPL 20
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      Page 40 Advertisements Column 3
      1059 40 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 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL Ivor lETA ItST WttL VtT I ETA I KIT KIM SOON LI 10/91E 23
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      458 43 TIDES AND WEATHER TODAY'S TIPCS (ha»t in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0000 ********************1400 1500 1600 **********00 2000 2100 2200 2300 JR 25 30 30 29 24 18 1 1 0 7 04 03 05 09 1.5 21 24 25 24 19 1.4 1.1 09
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      Page 44 Advertisements Column 1
      375 44 CHARTPOINT Every Saturday in Business Times PT. PELAYAHAN. SAMUDRA AGUN6 KUALA SIAK IV 21/3 BATU AMPAR/SEKUPANG/BATAM TSS 01 22/3 DUMAI/PEKAN BARU ABADI JAYA 25/3 DUMAI/PEKAN BARU KUALA SIAK V 30/3 BALIKPAPAN/SAMARINDA SENGGATA (TG. BARA) 5 vessels (weekly) to PERAWANG/PEKAN BARU/DUMAI 3 vessels (weekly) to BATAM ft SUMATRA PORTS Also accepting
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      Page 44 Advertisements Column 2
      686 44 /HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VQY SIN HKG LBH OAK SEA CHI FROM PSW VQY LBH OAK SEA HKG SIN HYUNDAI COMMANDER 24E 23/3 2S/3 15/4 U/4 21/4 20/4 HYUNDAI INNOVATOR 3SW 19/2 22/2 24/2 14/3 23/3 HYUNDAI PIONEER 39E 30/3 4/4
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      Page 44 Advertisements Column 3
      66 44 NOTICE NOTICE M.V. ALTAIR ACE VOY4 Arrt Slagftfwr* IS/S/tl Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a general survey will be held on the 22nd March 1991 (Friday) Keppel Wharf at K3O 0900 1200 hours. No further survey will be entertained thereafter. A grata:
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      Page 44 Advertisements Column 4
      779 44 CHARTPOINT Every Saturday in Business Times NOTICE FAR EASTERN FREIGHT CONFERENCE SARAH. RRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GOLF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CURRENCY ADJUSTMENT FACTOR A review of the latest currency values has resulted in a radical downward adjustment of the Currency Adjustment
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