The Business Times, 5 April 1991

Total Pages: 44
1 44 The Business Times
  • 9 1 BusinessTimes MCI (P) 16/12/90 Friday, April 5, 1991 75*
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  • NEWS SUMMARY
    • 58 1 FEDERAL Flour Mills Bhd has proposed a two-for-six bonus issue and a one-for-six rights issue priced at M 53.30 per share. It said the proposed bonus issue was to increase the company's capital base to bring it in line with the existing assets and
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    • 56 1 TOKYO may permit foreign securities houses to set up subsidiaries in Japan when it deregulates its financial markets. Fifty non-Japanese broking houses, including subsidiaries of foreign banks, have set up shop in the country, but all of them are established as branches of
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    • 26 1 THE NEW Service Improvement Unit will complement the work of the Feedback Unit, seeking the views of professional, business and community groups Page 2
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    • 24 1 A SINGAPORE-BASED management consulting boutique has teamed up with a major Western group in a move to go global Page 2
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    • 23 1 SEVERAL more hotel projects arc in the pipeline in Johor. says Menteri Besar Tan Sri Muhyiddin Yassin Page 7
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    • 22 1 ECONOMISTS expect the buoyancy of US businesses' capital investment to pave the way for a recovery Page 8
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    • 32 1 IN SPITE OF the Gulf crisis, only two of the 12 publiclylisted hotel companies with financial year ending Dec 31 declared a drop in earnings lor 1990 Page II
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    • 30 1 NOVELIST Graham Greene, who died on Wednesday, was a superb storyteller with an obligation to express his views first and foremost as a moralist Page 15
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    • 43 1 A BREAKDOWN in communication this week led to lost business for some members of the shipping community, who were unable to get permits from or make duty payments to the Customs and Excise department via Trade Net. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 30 1 SHARE PRICES opened higher on Wall Street yesterday with the Dow Jones index of leading industrials gaining 3.96 points to 2,930.69 in the first five minutes of trading.
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    • 51 1 SHARE PRICES in London surged at midday yesterday as dealers' hopes of interest rate cuts rose. At about 1100 GMT, the FTSE 100-shares index was up 17.2 points at 2,536.3. Earlier in the session, it reached a record high of 2.544.7. Volume at midday was 361 million shares.
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    • 19 1 CITICORP Scrimgeour Vickers is cutting back its regional operations, the second in three years Page 3
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    • 15 1 SEMBAWANG Shipyard and Jurong Shipyard have outlined major expansion plans Page 3
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    • 31 1 THE MANAGING director of Haw Par Trading has resigned, and will also step down as a director of the Haw Par group and Tiger Balm Page 3
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    • 25 1 THE TOKYO stock market's Nikkei index will be updated in its first major reform in more than 40 years Page 6
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    • Article, Illustration
      30 1 I hursda) Change BT-MGA 734.83 +4.57 Kuala Lumpur ....591.17 f4.3l Tokyo 26.689.81 -90.25 Hongkong 3,849.15 -20.55 Sydney 1,457.5 +0.4 Wednesday Change New York 2.926.73 -18.32 London 2,519.1 +30.8
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    • 21 1 Exchange rates USS SS 1.7680 100 Yen SS 1.2858 VIS SS0.6422 Money market rates Overnight 4-1/4 -1/4 3-month 4-11/16% +1/16
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    • 39 1 London Gold AM fix USS358.IO USS0.25 Rubber S'pore Mav 145.50*/kg -0.75 M'sia May 226.00«/kg -0.50 KL Tin Turnover 50 tonnes +30 Spot MS 14.81 /kg unch Crude palm oil Turnover 986 lots -1.277 Apr MS 785 /tonne unch
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  • 561 1  -  The Chambers Controversy By Diana Oon BRING IN some fresh faces and revamp the way the Singapore Federation of Chambers of Commerce and Industry (SFCCI) works, says businessman and politician Chandra Das. Singapore needs a unified federation that can be a strong
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  • 502 1  -  By Rahita Elias SINGAPORE shipyards have denied a Malaysian newspaper report which said that they are passing on part of the foreign workers' levy to their Malaysian workers. The report added that thousands of workers from across the Causeway may have to quit
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  • 79 1 Reuter CHINESE Foreign Minister Qian Qichen said yesterday that he hopes Hongkong will get a new airport an issue j souring relations between j Beijing and London and pledged China will not med- dle in the colony's affairs. He made the remarks in Beijing
    Reuter  -  79 words
  • 409 1 BUSINESSMEN have generally welcomed Mr Chandra Das' proposals to give the Singapore Federation of Chambers of Commerce and Industry new vigour and credibility. Two of the "senior and successful" businessmen whom Mr Das said he would like to see co-opted to the federation's council
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  • 279 1 Reuter SINGAPORE'S over-the-countcr share market. Clob International, may be forced to shut down after Malaysia's stock exchange begins scripless trading, the head of the exchange said on Wednesday. "I think that at the end of the day, Clob will die
    Reuter  -  279 words
  • Page 1 Advertisements
    • 424 1 ranjß 1 WEA J *02-07 OrchJ«d bvmtki J«fc 734*4)$ -I W<* Tudor Court ShofuxofCUHwv 7J4IJS2. I *02-0) Da* OcKxd. TW 734UU I Kan Oo*** tx Haley's D«(* Stor» *)2 -00 ®fc% M oqi-II mm Court. r«t 3373*** Aircraft Schedule 25 Money Market 23 World News 8 Commodities 24 Regional Co
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    • 12 1 Ilk airport plan depends on China's endorsement. Shipping l imes Pg 1
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    • 89 1 Compact A3-format Copier. Miry)lTA 188 aaa BALLY BOUTIQUE n SINGAPORE: Shaw Centre/Raffles City/Roya' Holiday Inn BALLY AUTHORISED DEALERS Champion Shoe Co Chanrai Branches Singapore Daimaru Djien Boutique Furo Shoe Shop Branch Isetan Branches Jet Wind Department Store DFS Branches Melwani Branches Mohamed Ishak Enterprises Pte Ltd Mubarak Enterprises Pte Ltd
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  • HOME NEWS
    • NEWS ROUNDUP
      • 58 2 SIXTY senior government and business representatives from the six Asean countries and Canada met yesterday in Ottawa to review and promote economic, trade and development cooperation between the two sides. The two-day conference is the seventh such meeting of the Canada-Asean Joint
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      • 62 2 BAUCON ASIA '91 has got off to a good start despite having less than satisfactory participation. A 50-member delegation from India has arrived to establish business ties with the local and regional markets. In addition, major shipbuilders such as Keppel and Sembawang have expressed
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      • 56 2 SOME good news for parents. There will be no more queues to get places for your children at the People's Association (PA) kindergartens. The PA will introduce a balloting system for its kindergarten classes registration held at community clubs and community centres. Registration for next
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      • 34 2 THE National Library's Jurong East Branch will hold two talks next week "The Joy of Parenting Together" on April 9 and a talk on stress management on April 13.
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    • 332 2  -  By Anna Teo NEITHER a watchdog body nor a mere complaints bureau. The new Service Improvement Unit (SIU) set up to help raise the standard of public services will complement the work of the Feedback Unit, seeking the views of professional, business and
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    • 149 2 THIS IS what Singapore's latest hotel will look like when it is completed by late 1993 or early 1994. The Merchant Street Hotel, to be developed by the Japanese Hakuei group, will have 422 rooms. It was the only site awarded out of
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    • 344 2 A SINGAPORE-BASED management consulting boutique. Pacific Rim Consulting Group, is going global with a joint venture with a major Western group. It also has future plans to integrate financially with its ally. The home-grown general management consultancy yesterday announced that it had changed
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    • 267 2 COMPAQ Computer Corporation's USSIBS million investment in Silicon Graphics part of a strategic alliance to penetrate the highly competitive workstations segment of the computer market is unlikely to disrupt the operations of the two companies in Singapore. Under the terms of the agreement
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  • Page 2 Advertisements
    • 46 2 i NOW, OSAKA DIRECT EVERY DAY. ONLY ON JAL Beginning April Ist 1991, and only on j Japan Airlines: a choice of daily flights direct to the busy business hub second metro^ Schedutei«bnclwtt tor Thuon/y Japan Airlines Willi II I I \II I I «t I
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 583 3  -  Wave of US securities firms' departure causes concern By Magdalene Ng C ITICORP SCRIMGEOUR VICKERS's much-anticipat-ed cutback of its regional operations within the next two weeks will add to the growing list of disenchanted US securities firms here. Two months ago, Morgan Stanley closed its Hongkong
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    • 386 3  -  By Rahita Elias TWO LEADING local shipyards, Sembawang Shipyard and Jurong Shipyard, have major expansion plans. In Sembawang Shipyard's 1990 annual report, executive chairman Hsu Tse-Kwang said the yard is budgetting $20 million to improve its facilities and operations. He added that subsidiary Sembawang
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    • 236 3  -  By Dexter Lee A CHANGE in Pacific Carriers' definition of turnover inflated actual group turnover by $15.9 million to $101.3 million, higher than its forecast amount when it went public last year. In a statement to the Stock Exchange of Singapore yesterday, the carrier said
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    • 782 3  -  THE HOCK LOCK SIEW COLUMN By William Chia MALAYSIAN conglomerate Multi-Pur-pose Holdings Bhd has once again caught the fancy of market players who have been actively trading the counter on both sides of the Causeway. The renewed interest in MPHB is partly a spillover from the
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    • 378 3 THE managing director of Haw Par Trading. Mr Charlie Phua, has resigned with effect from May 15. On that day, he will also step down as a director of the Haw Par group and Tiger Balm. A Haw Par statement said that Mr Phua's departure
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    • 263 3  -  By Lilian Ang I.ISTEI) Singatronics Limited paid US$2 million (553.54 million) to gain a foothold in a LS-based company which has devised new technology allowing viewers to interact with programmes broadcast on television. In a recent agreement, the group's subsidiary, Singatronics Holdings, subscribed to
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    • COMPANY BRIEFS
      • 92 3 MERCANTILE Insurance Sdn Bhd is not under receivership but its business is now being undertaken by a new management team to turn around the company with the aim of putting it on a stronger footing, officials from Samad and Co said yesterday. Accountants Abdul
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      • 54 3 THE BOARD of the Malaysia Mining Corp (MMC) suspects that the substantial turnover in MMC's shares could be due to speculation that it's wholly-owned subsidiary, MMC Engineering Services, has been awarded major contracts. It said yesterday that it is not aware of any other reason
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      • 53 3 ELECTRO Magnetic's decision to terminate the services of NM Rothschild Sons as its adviser was in accordance with section 2271(3) of the Companies Act which states that contracts entered into by EMS and not adopted by the judicial manager were required to be notified to
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      • 72 3 ALUMINIUM COMPANY of Malaysia's pre-tax profit for 1990 rose almost seven times to M 57.63 million on an 8.7 per cent increase in turnover to MS 138.53 million. Alcom attributed its good showing to its ability to manage its business and metal cost at a
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      • 47 3 DATUK KERAMAT Holdings Bhd reported a reduced group pre-tax profit of MS 10.32 million for the year ended Jan 31, 1991 compared to MS 12.19 million for the previous year. Group turnover dropped to M 5220.1 million from M 5273.10 million in 1990.
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      • 47 3 FAR EAST Trade Press has appointed Jack Maisano as general manager from June 1. His appointment was announced yesterday by FETP's parent company Times Publishing. Mr Maisano is currently a member of the board of the Far East Trade Press.
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  • Page 3 Advertisements
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 80 4 JAPANESE electronics giant Sony Corp is pumping in another one billion yen (5512.8 million) to prepare its facility in Bangi for "more sophisticated products." Corporate communications manager Tsutomu Sugiyama said on Wednesday the Bangi plant, Sony Audio, will introduce a new
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      • 61 4 TRADING group Hagemeyer, which is 60 per cent owned by Hongkong's Eirst Pacific Co Ltd, said it expanded its food and electronics activities in the US through a joint venture and a takeover. Hagemeyer set up a joint venture with Yankee Food Distributors Inc which will
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      • 62 4 BRIERLEY Investments Ltd's offer for minority shares in Industrial Equity (Pacific) Ltd has earned only qualified support from independent adviser Jardine Fleming Securities Ltd. Brierley last month said that under a scheme of arrangement, it is offering three new Brierley shares for every two not
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      • 80 4 AUSTRALASIAN food group Goodman Fielder Wattie Ltd (GFW) said it had sold New Zealand subsidiary Goodman Mining Ltd for an undisclosed sum. The sale would be effective on Friday, it said. The buyers were Goodman Mining's three other participants in the joint venture, which operates the
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      • 94 4 NEP REALTY and Industry Co, a listed Thai real-estate company, was imposed with a D/S (designated security) sign for the fourth time on Monday, signalling an official warning to investors that pricing and volume of the securities are moving in an unusual pattern. "The sign
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      • 77 4 INTERNATIONAL marketing, services and resources group Inchcape pic said it is considering selling its tea business following a number of approaches from firms interested in its tea operations. The firm had been interested in selling its tea operations for four or five years. Analysts estimate
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    • 220 4 Reuter CSR LTD said net profit before abnormal and extraordinary items for the year ended March 31, 1991, is now more likely to be around 20 per cent lower than the previous year's figure of U*****.90 million (Ss72o million).
      Reuter  -  220 words
    • 405 4 HUTCHISON Telecom has become the biggest cellular telephone operator in Britain by paying HK$39B million (5590.3 million) for the UScontrolled Millicom Cellular. A report in the South China Morning Post said the acquisition is believed to give Hutchison a subscriber base of 170.000
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    • 407 4 Reuter RUPERT MURDOCH'S Australian media empire the News Corp Ltd will close another major newspaper six months after cutting two titles by merging morning and evening dailies in Sydney and Melbourne, the company said. Melbourne's Sunday Herald broadsheet, launched by News Corp subsidiary
      Reuter  -  407 words
    • 400 4 Some new shares credited to owners HONGKEW Holdings Ltd is planning to issue 208.66 million new shares to fund its acquisition of a HK558.43 million (5513.2 million) property in Penang for a shopping and office complex. The new shares represent 28.4 per
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    • 358 4 AFP AUSTRALIA'S international airline Qantas yesterday said it may have to saek up to 5.000 people, more than a quarter of its workforce, in what is being presented in Sydney as its battle for survival. The government-owned but soon to be part
      AFP  -  358 words
    • 361 4 Bernama KESANG Corporation Bhd anticipates savings in financial cost through the redemption of all its term loans and overdrafts from the proceeds of its two-for-one rights issue which, in turn, will improve the group's future earnings, says its group executive chairman Datuk Haji
      Bernama  -  361 words
  • Page 4 Advertisements
    • 23 4 APRIL ISSUE OUT NOW! mM C ft a'i l lrP april 1991 isa/7 ARE YOU OBSESS^^^pC^ WITH CHILDLESSNESS? m NOSSELLINI v. beauty SEX
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    • 43 4 THE SOLID SINGAPORE JOKE BOOK by Ben Mathews At long last here's a joke book Singapore can call its very own. It's packed with over 450 jokes plus lots of special items to keep you entertained for a long, long time. STP Distributors
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    • 36 4 f Jl f BOUTIQUES: The Promenade #02-14 Omni Marco Polo Hotel Shopping Arcade #10 Opening Hours: Mon Sat: 10am 7pm Sun: 11am 6pm Reporter accessories are also available at Sogo Dept. Stores. Isetan ("New Orchard) Daimaru
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  • INTERNATIONAL COMPANY NEWS
    • 396 5 AFP AMERICAN financier Jay Pitzker has offered a US$l billion (551.77 billion) package to buy a controlling interest in Bougainville Copper Ltd, according to reports in Port Moresby yesterday. The Post Courier, quoting government officials, said the Chicago-based entrepreneur has offered $700 million for
      AFP  -  396 words
    • 274 5 Reuter TRUMP Plaza Funding Inc and Trump Plaza Associates, the partnership that operates the Trump Plaza hotel-casino in Atlantic City, NJ, said if the partnership is unable to restructure or otherwise solve its liquidity problem, they may have to seek protection under Chapter 11 of
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    • 287 5 Reuter RJR NABISCO Holdings Corp began to test the waters for its stock and note offering and analysts forecast strong support for the issues. "I believe the main selling pitch will be that although RJR is still within the highyield category,
      Reuter  -  287 words
  • Page 5 Advertisements
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 116 6 THE ROYAL BANK of Canada and the Bank of Montreal say they are puzzled by Saudi Arabia's attempt to unofficially blacklist them for their behaviour during the Gulf War. Saudi-based bankers said on Tuesday that the financial authorities wanted to signal their displeasure
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      • 73 6 A FORMER OFFICER of Banca Nazionale del Lavoro, who is implicated in an alleged plot to extend US$4 billion (about Ss7 billion) in unauthorised credit to Iraq, pleaded guilty to fraud and lying to US regulators. The US Justice Department said Thomas Mobley Fiebelkorn, former corporate lending
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      • 64 6 DAI-ICHI KANGYO BANK, the world's biggest bank in terms of assets, and Johnan Shinkin Bank, Japan's largest credit association, have agreed to jointly develop financial services. The banks were scheduled to sign a memorandum yesterday on joint development of financial products and customer referral. DKB has
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      • 84 6 DOW JONES CO, its bid for the Financial News Network blocked by a judge, said it would make a fresh bid for the cable-television business service if a rival offer is blocked by regulators. "Assuming that FNN remains a viable business, we would be
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      • 73 6 THE BANK OF THAILAND believes the Thai finance ministry's plan to set up an export-import bank during the term of the interim government is too difficult and risky. The Bangkok Post reported that it had instead proposed the establishment of a special fund for export
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    • 229 6 NYT G E CAPITAL Corp said on Wednesday that it was interested in buying a "significant portion" of Goldome, a savings bank based in Buffalo that is operating at a profit but is looking for investors to provide additional capital, which it
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    • 439 6 Index will be less volatile, less affected by futures trading Reuter THE Tokyo stock market's Nikkei index is to undergo its first major reform in more than 40 years and should become less volatile and less affected by futures-related trading as a result, according to
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    • 305 6 MBT ARAB-MALAYSIAN Merchant Bank (AMMB), the parent company of Arab-Ma-laysian Finance which took over First Malaysia Finance under the Bank Negara Malaysia (BNM) rescue scheme for ailing Malaysian companies, may seriously consider taking over Visia Finance should it get an offer. Visia
      MBT  -  305 words
    • 65 6 An elderly woman drawing her state compensation payment on Wednesday. The money is intended to help coyer steep price increases introduced by the Soviet government on Tuesday. Moscow has also raised by nearl> five times tne number of roubles offered to tourists for their hard currency,
      Reuter picture  -  65 words
    • 525 6 Japanese institutions now dominate sector Reuter THE gradual loss of top ratings by big US banks, while not hurting their core business, has lost them some market niches. A Standard and Poor's Corp study of the letter of credit business, which relies
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    • 410 6 A POWERFUL new name has entered the highly competitive private banking field in Hongkong with the opening on Tuesday of the regional representative office of Hambros Bank (Jersey). According to the South China Morning Past, the new office, which will spearhead the prestigious
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    • 350 6 Reuter BANK OF BOSTON Corp has raised the capital it needs to support its bid for the failed Bank of New England Corp and is set to announce details of the infusion. Bank of Boston has lined up at
      Reuter  -  350 words
  • Page 6 Advertisements
    • 315 6 BUSINES S T I M E S TELEPHON E: 730-5771/5772/5773 FAX: 734-4982 -j We are a leading International trading and processing I company dealing In physical commodities with offices In H 60 countries worldwide. Singapore Is our Southeast Asia Regional Headquarters where we trade petroleum, tropical oils, rubber, fertilizer, maize,
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  • Page 6 Miscellaneous

  • THE REGION
    • 361 7  -  Johor planning more hotels, says Menteri Besar By Chitra Rajaram WITH the tourism industry, expected to yield the "most tangible benefit" for the Growth Triangle, several more hotel projects are in the pipelirte in Johor, its Menteri Besar, Tan Sri Muhyiddin Yassin, said yesterday.
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    • 120 7 NUSA TIGA is the new term coined by Johor Menteri Besar Tin Sri Muhyiddin Yassin for the Growth Triangle concept. IWusa, which meant states, and tiga, which meant three, made up an ideal term for the three .states of the Growth Triangle, he explained yesterday.
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    • 140 7 Reuter MALAYSIA, a major timber exporter, will reduce timber production to preserve its forests but plans to boost output of rubberwood, rattan and bamboo, Deputy Prime Minister Ghafar Baba said in Kuala Lumpur yesterday. "We are going into large-scale rattan and bamboo
      Reuter  -  140 words
    • 281 7 Reuter THAILAND'S caretaker Prime Minister, Anand Panyarachun, yesterday pledged that his government will liberalise the economy during its short tenure. In his first policy statement to the militaryappointed National Legislative Assembly, he said his technocrat Cabinet would actively push exports, which have enjoyed
      Reuter  -  281 words
    • NOTE BOOK
      • 106 7 STRIKING TEACHERS joined mass meetings and protest marches in New Zealand towns and cities yesterday as opposition escalated against government plans to overturn the country's industrial relations system. Union leaders said most of the country's 50,000 teachers and education workers walked out in
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      • 64 7 VIETNAM yesterday denied hardening its position on the Cambodian conflict while adding it will never again deploy troops in Cambodia even if the Marxist Khmer Rouge re-' turns to power. There had been reports earlier that Vietnamese troops landed in the south-eastern Cambodian province of Kampot
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      • 97 7 ONE IN FIVE Australians believe Indonesia poses a military threat to their country. Australian Defence Force Academy academic lan McAllister said in Brisbane yesterday that his analysis of public and private opinion polls on defence-relat-ed issues revealed more Australians were worried about Indonesia. He told a
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      • 86 7 A MAJOR Burmese offensive using artillery and air strikes against ethnic Karen guerillas has captured 10 insurgent camps and left more than 100 soldiers dead. The official Rangoon television, in a broadcast on Wednesday, said the offensive began in mid-March against a string of bases manned
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    • 294 7 AFP A GROUP of 45 scholars and non-government leaders has launched a new movement aimed at bolstering democracy in Indonesia. Foriim Demokrasi (Democratic Forum) "was born out of-our concern about political, development in the country lately which tends to be divisive, with each societal
      AFP  -  294 words
    • 278 7 THE BANK of Thailand believes the Finance Ministry's plan to set up an exportimport bank during the term of the interim government is too difficult and risky. Instead, it has proposed the establishment of a special fund for export financing, the Bangkok
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  • Page 7 Advertisements
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  • THE WORLD
    • WORLD WATCH
      • 86 8 A DECISION will be taken next week on who will succeed murdered Detlev Rohwedder as president of Germany's Treuhand privatisation agency. Speaking after talks at the Treuhand headquarters in Berlin on Tuesday, German Finance Minister Theo Waigel said the organisation would continue to
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      • 96 8 ITALIAN President Francesco Cossiga has begun consultations on Wednesday with political leaders to try to find a way out of the country's government crisis after the resignation of Prime Minister Giulio Andrcotti. Mr Andreotti, a Christian Democrat who had headed Italy's 49th post-war government
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      • 71 8 SOUTH KOREA'S main opposition party formally declared yesterday that it will merge with dissidents next week in a bid to defeat President Roh Tae-woo's party in next year's key national elections. Kim Dae-jung, head of the Party for Peace and Democracy, held a joint news conference with
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      • 94 8 PRICES rose by an average of 0.4 per cent in European Community countries in February by comparison with January, the EC Statistics Office, Eurostat, announced in Luxembourg on Wednesday. That made an annual EC inflation rate of 5.5 per cent in February by comparison with
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    • 248 8 Reuter GERMANY'S Treuhand privatisation agency launched a book on Wednesday listing 6,000 former state-ran East German companies up for sale, but the volume costs more than many of the debtridden companies on offer. "This book contains as many individual firms and employees as
      Reuter  -  248 words
    • 559 8  -  Margin rules and export credit interest rates revised From Shirish Nadkarni in BOMBAY EXPORTERS in India have greeted with relief the move by the Reserve Bank of India (RBI) on Monday to relax the margin requirements for, and curbs on, import financing that were
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    • 294 8 Reuter MILLIONS of Indians crave international brand-name products, but foreign investors have cooled from lukewarm to frigid in their wooing of one of the world's biggest potential consumer markets. Approved investment in joint ventures in India, always meagre, fell last year to just
      Reuter  -  294 words
    • 235 8 Reuter JAPAN is likely to pledge financial support next week for a multilateral fund to help promote investment in Latin America. The pledge was likely to be made by Japanese Finance Minister Ryutaro Hashimoto when he addressed the annual meeting of
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    • 261 8 Reuter ALARMED by growing economic relations with archenemy China, officials in Taiwan have launched efforts to limit the island's trade and investment on the mainland. "We are getting worried about the rapid export growth because it has reached an alarming stage," Taiwanese
      Reuter  -  261 words
    • 404 8 Reuter DEALS reached early in Japan's annual spring round of labour negotiations indicate that pay rises awarded this year are unlikely to rekindle inflation, say economists in Tokyo. They calculate that the handful of pay rises so far agreed for the year
      Reuter  -  404 words
    • 38 8 US Commerce Secretary Robert Mosbacher painting an eye on a "lucky" daruma doll a Japanese tradition when making a wish at the American embassy in Tokyo yesterday, officially kicking off an export promotion programme.
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    • 581 8 Reuter THE BUOYANCY of US businesses' capital investment despite expected cutbacks this year has helped keep the country's recession mild and may pave the way for a recovery soon, economists said. "Business capital investment has been one of the key limiting forces of
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  • Page 8 Advertisements
    • 399 8 Group Singmarine Industries limited (Incorporated m the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Board Room, Keppel Corporation Limited, 325 Telok Blangah Road, Singapore 0409 on 23 April 1991 at 9 am
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    • 142 8 Singmorine Industries limited (Incorporated in the Republic of Singapore) To ALL WARRANTHOLDERS OF U5530,000,000 NOMINAL AMOUNT OF 1 PER CENT BONDS DUE 1994 AND 5550,000,000 NOMINAL AMOUNT OF 1 PER CENT BONDS DUE 1994 WITH WARRANTS ATTACHED SUSPENSION OF SUBSCRIPTION RIGHTS NOTICE IS HEREBY GIVEN that the Register of Warrantholders
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  • Page 9 Advertisements
    • 375 9 The latest H release from ■—1 X» wjldl ILLaI LI Tbe freedom to write cheques Chartered 11 features all the Free Purchase Insurance he to "W" IaVUUI llvb. Fusion Account is a new interest earning account cheques. After all, anything that carries your signature The Fusion Account is further enhanced
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  • 515 10 EDITORIAL IRAQ'S Kurds and Shi'ites have reason to be angry with the allies who, having defeated President Saddam Hussein in the Gulf war, nevertheless left him powerful enough to crush the ensuing civil war in Iraq. By destroying a substantial number of Iraqi troops, the allies encouraged the
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  • WHAT THE OTHERS SAY
    • 241 10 AMID reports that the Iraqi army has successfully crushed the uprising by Shi'itcs in the south and the Kurds in the north, a sober reflection on the situation must come to the conclusion that if the US and its allies had intervened earlier, they would have done
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    • 115 10 SINGAPOREANS place a high premium on education. One of the reasons for emigrating cited by ex-Singaporeans is the lack of educational opportunities here. For obvious reasons, Singapore cannot match the educational opportunities and facilities provided by developed countries. But our education system is being moulded to be
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    • 124 10 CLAN leaders should learn from Singapore's political leaders and make the grooming of young, capable successors a basic requirement. The local Chinese community has undergone great changes which the clan associations cannot ignore. But while clans adapt to such changes, they should also stand firm on upholding
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  • REGIONAL VIEWPOINTS
    • 141 10 WE HOPE Mr Bush and Mr Kaifu will candidly speak out to each other and take the first step towards the construction of a grounding for USJapan relations in which differences between them can frankly be accepted as they are. How the world changes tomorrow depends
      141 words
    • 185 10 THE Automotive Federation of Malaysia (AFM) has called for local content targets for passenger cars and light commercial vehicles to be jacked up by between 3 and 4 per cent a year, up to a high of 65 per cent by the year 2000 for cars of
      185 words
    • 195 10 THE freeing of the base lending rate (BLR) will contribute to a more market-oriented banking system which responds closely to supply and demand conditions. If economic and market conditions dictate that rates should go up. then they should be allowed to do so. But it is important
      195 words
  • 1147 10  -  Jeffrey Garten argues that the framework is now in place to achieve collective military security and economic coordination. But Washington needs to lead with the alacrity, boldness and political sensitivity it showed during the Gulf crisis Jeffrey Garten The writer, a managing director
    IHT  -  1,147 words
  • Page 10 Miscellaneous
    • 67 10 DOONESBURY BY GARRY TRUDEAU or**, MYMf- n WUL, lUJ6HT BACK TO SO J TOOK ANPUHAT HLtJU SCHOOL HP. HAP ALWAYS A COURSe IN PIP YOU I FOUND QM Y HANVtW OUR FINANCE B6- FfXSCNALH- F/NP OUT OUT I WAS NOW 0UIU? FORB, AND I PIPN'T EVEN NANU NOW ABOUT VOUR-W
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  • ANALYSIS
    • 649 11 How did Malaysian companies fare last year? What kind of performance did Singapore's hotel and manufacturing sectors turn in? Companies are now lean and fit and the economy is flourishing. The result: a crop of bumper results for Malaysian companies NST I
      NST  -  649 words
    • 759 11  -  While most in the hotel industry are cautious about prospects for the current year, the situation last year was rather different, says Lee Han Shih Lee Han Shih IT is a reflection of the strong tourist market in Singapore last year that, despite the Gulf
      759 words
    • 883 11  -  William Chia examines the impact of factors like the Gulf War and the stronger Singapore dollar on the manufacturing sector William Chia LAST year's performance of manufacturing companies listed on the Stock Exchange of Singapore suggests that growth in 1991, as in
      883 words
  • Page 11 Advertisements
    • 130 11 ■KJ ;Jr vh^l L 1 k Scalpel...scissors...sutures._ Business Times Whether you're .1 surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to he kept well informed to maximise returns on Essential information accessible every business day your money through Husiness Times. In the same way
      130 words

  • FOCUS
    • 1255 12  -  Catherine Ong in Hongkong looks at Jardine Matheson's continuing quest for privileges from the territory's authorities Catherine Ong IT MAY COME as a surprise to many in colonial Hongkong. Henry Keswick, taipan of Jardine Matheson, does not run the Hongkong securities industry and his
      1,255 words
  • Page 12 Advertisements
    • 390 12 JSf' "r*&'I? o&jk j^l -a —».«rf B-ji ,M ■T tB BKjy ,gj ft >>■ V I SAMPLE* il I I■ YCM JJ JIKII XWI I IRAIRIMI* WIUUI I ViJl I /Is a fresh. nt~* taste \ou'll J>«l ft Dm I lira fresh n«_ i. i i l i r i
      390 words
    • 136 12 ir UP. LIVING IT EACH WEEKEND, put up your cxccutive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take
      136 words

  • SPORTS
    • 521 13  -  The Rolex Masters 1991 By Cassandra How THE ROLEX Masters 1991 at the Bukit Course kicked off" on the right note yesterday when American Tom Pernice aced the 17th hole with a pitching wedge. Unfortunately, it was not the designated 18ct solid gold
      521 words
    • 258 13 A NEW golf resort has announced its initial founding membership drive. Kukup Golf Resort, a Mslso million (5596.5 million) 36-hole resort, is targeting for 500 international members for this phase. Situated in Kukup at the southern tip of the Malaysian peninsula, the project
      258 words
    • 299 13 Hongkong Open AFP GERMANY'S Davis Cup hero Michacl Stich on Wednesday became the sixth seeded tennis player to be knocked out of the U*****,000 Hongkong Open. Third seed Stich arrived a few hours before the match after playing the major role in his country's 5-0
      AFP  -  299 words
    • 344 13 AP TONY SILLS came into last year's Independent Insurance Agent Open playing well. This time around he simply hasn't been playing. Sills won the rain-short-ened 1990 tournament on the first playoff hole after starting the day six shots off the pace. His
      AP  -  344 words
    • SIDE LINES
      • 78 13 FIFTH-SEEDED Katerina Maleeva of Bulgaria lost in the second round of the Family Circle Magazine Cup to Federica Bonsignori of Italy on Wednesday. Maleeva, ranked ninth in the world, lost to the unseeded Bonsignori 6-7 (3-7), 6-2, 6-4 on the green clay at the Sea
        78 words
      • 144 13 NIGEL BENN produced a master finish late Wednesday to stop the seemingly unstoppable American Robbie Sims at York Hall, Bethnal Green, and relaunch his boxing career in outstanding style. It was a tough and testing bout for Benn against a man who had never been halted
        144 words
      • 109 13 STUART BARNES is rejected but injury-prone Chris Oti is recalled for England's rugby tour of Australia and Fiji in July. Barnes made himself available for international duty after 18 months' self-exile but the selectors have stayed loyal to David Pears as standby flyhalf to Rob Andrew.
        109 words
  • Page 13 Advertisements
    • 200 13 r J JrWrMin- /A****^Wz&m' .W&&MT .^HIV t-- M *vmflr M* <■ Pi ?«v .^Br^ u- -'VWj -£aSw '>■ $i/SM£nt* f > j^rx>v>y^ i«B m ■*> JB— f Mlp a 1 Hr JP? JJMnKy>Y^ j^D Premier Special Reserve Seoteh Whisky announces |l Tampines Course. And a chance to win many attractive
      200 words

  • Page 14 Advertisements
    • 252 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE tm j GINGERBREAD AT CONNECTIONS NEED WE SAY MORE? BAR OPEN FROM 12.00 NOON TO 5.00 PM. HAPPY HOUR fir DJ MUSIC: 6.00 PM TO 8.30 PM. BAND PERFORMS FROM 9.00 PM TO 2.00
      252 words
    • 197 14 Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist Experience Hyatt Regency Singapore's new Scotts Lounge Hvatt Rcgcncy Singapore 10-12 Sams Road Singapore (W22 Tti 733 11HH BBQ Under the Stars... Fresh seafood
      197 words
    • 323 14 JsM THEME KARAOKE HITS TOWN! At Sinssdtion. Come experience the latest karaoke trend smgins in different theme rooms. From Outer Space to a log Cabin, or even an Airplane. Imagine being in someplace different every night. In fact, it's sensational! Plaza Hotel located at basement of multi storey V* Ma*
      323 words
    • 235 14 Scandinavian Buffet Lunch L|^ rP* J Child below 10: $18 [mc; We serve the world to you at The Belvedere. r»J^| MMKtf 111 Ordlvd Road Sn(«xx* 0923 TH *****11 lOMfEffflPu|§j MS JSBSL I(HI\AK*V\I AN EXTRA VALUE ADDED TO YOUR MEAL. FOR NOTHING. <Turama tITu. From March 18 to May 31,
      235 words
  • Page 14 Miscellaneous
    • 672 14 TELEVISION AND HWO rij *11 .-f SBCI2 Jameson, goes to the planet J 7.21 BUSINESS ON RADIO llOluing OUt 7.00 AM CNN International (L). sJleKfal's. 7JO Horlock And The BBC, 89.9 mHz in VHF Band II tAAA W 8.30 Close. 9.00 NowsatNine. Q""» Of Thousand Year* 7.10 am, 9.25 am,
      672 words

  • LIFESTYLE
    • 1065 15 He was a superb storyteller with a keen sense of the dramatie, a splendid ear for dialogue and a talent for pacing nis prose. But the distinguished novelist Graham Greene, who died on Wednesday, also felt an obligation to express his views first and foremost
      NYT  -  1,065 words
    • 396 15 NYT TWO years ago, the prices of older exotic European cars like Ferrari, Aston Martin and Jaguar were skyrocketing, often doubling in a few months. Then early last year, the bottom dropped out of the market. Cars went unsold at auctions or were bid on
      NYT  -  396 words
    • 414 15 CHATTERBOX FORMER British secret agent Peter Wright is to publish a sequel to the bestseller Spycatcher which the British government tried to suppress. Wright, 74, who lives in retirement in Tasmania, has written The Encyclopaedia of Spying which is expected to be published
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  • Page 15 Advertisements
    • 249 15 AND ENTERTAIN High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. Jk ANA HOTEL 16 NASSIM HILL, SINGAPORE 1C25. I'KL: 732 1222. SINGAPORE j -piiil your Happy Hours with X"
      249 words
    • 14 15 \k i i 1.1. —rrr. rr: ja Ml dT ROif llstiv harris/Kj 111 COHCERT
      14 words
    • 267 15 BS' m mm ■I* NISHIKI V-v RESTAURANT FROM 21 MAR TO 21 MAY W Set amidst bough* of cherry blossoms is where M you can enjoy authentic Springtime delicacies Skillfully prepared for V this delightful season are grilled J lobster, salmon roe, ginko yklf nuts, ark shell and rare treats
      267 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 5002 16  -  By Diana Oon STOCK PRICES closed mixed on relatively low turnover yesterday as dealers and retailers remained cautious. The Straits Times Industrials Index rose 10.70 points to close at 1,498.71, helped by rises in component stocks. Market players, however, were not enthusiastic enough
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  • 4014 17 Main Board SI A Foreign 1850 30 +16% Prima 610 f30 +5.2% OUT 245 +25 +114% DBS Foreign 1310 +16% DBS 1200 20 +17% SPH Foreign 1160 *-20 +1.8% OCBC Foreign 1080 20 +19% FAN 925 f20 f2.2% GPBSSI.60 328 +14 *-4.5% OU Securities 162
    4,014 words

  • BT SHARE INFORMATION SERVICE
    • 120 18 Cifwy Data Yaar Crony Nat Nat aarniags Grots aaa to profit/loss (L) por share dividend ('000) (caats) Pacihc Can Mar 18 Sep 90 S1.450L(S531m) -(0 7) Keppel Finance Mar 15 Dec 90 S5.276(S5.169) 5 8(6 3) 5(4) Samanda HkJgs Mar 14 Sep 90 M$5,464($7,010) 15 8(20 2) Van
      120 words
    • 471 18 Company Date Year Groap pra-tax Nat aaraiafs 6ms mi to pralit/lass (L) par shara dividend ('MO) (caate) Alcorn Apr 3 Dec 90 MS7 635(S1.124) 9 4(1 4) TanChong Apr 2 Oec 90 M$271 671<$153.678) 245(159) 10(6) City De* Mar 30 Dec 90 $85.064($71,938) 95(79) 15(15) IJM Corpn Mar
      471 words
    • 297 18 Apr 3 GK Goh Holdings wholly<)wned subsidiary, GK Goh Securities (HK). was listed on the Hongkong Stock Exchange on March 28 Apr 2 Faber Group has received approval from the Capital Issues Committee for its proposed acquisition of a 50% stake in Project Lebuhraya Utara Selatan from Catuman
      297 words
    • 1535 18 Current Ex Books Date Tetel tar Total tar payment date dose payable ttae year last year Acm 5%TE Jun 5 Jun 17 Ml 10%TE AmMl Ei< 6%TE(I) Apr 11 Apr 17 Apr 26 6%TE 12%TE Aseai Find USJO10(b) Mar 18 Mar 28 Apr 8 USJO10 Anno 5%TE Feb
      1,535 words
    • 411 18 Company Data Half-year Group pro-tax Interim ann to profit/loss (L) dividend (*000) Rash id Hussain Apr 2 Nov 90 M$21,004($10,862) Sea! Inc Mar 30 Dec 90 M$3 848 ($5,892) Tongfcah Hldgs Mar 29 Dec 90 M$1.514l($378) Boustead Mar 28 Dec 90 MS 17,902(M$20.406) 5(5) Chuan Hup Mar 28
      411 words
    • 267 18 Company Rights Issue ftriop Est Restricted issue of *****4m nommal value of 10% Convertible Redeemable Unsecured Loan Stock (CULS) 1991 1996 issued on the basis of II nominal amount ol CULS lor every 3 ordinary shares of II each held at nominal value Ex-date Apr Books dose Apr
      267 words
    • 752 18 BONDS, LOANS WARRANTS CNVMIM CowtnloR tani fir MM riMPt CIC m Before 26/4/93 1 warrant plus $3 09 cash Causeway Loan Causeway Nt 2/10/89 to 20/10/94 1 —rant phs 1077 cash or 1 warrant plus JO 77 nomnal amount of loan stock Chan Malktot Chan Nt March 87 to 31/12/91
      752 words
    • 205 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 h* *****7 (7/3/91) 1*1 *****7 (7/3/91) 1991 tow: 1022 52 (16/1/91) 1991 tow: 1149 08 (16/1/91) 1990 htft *****3 (16/7/90) 1S90 Nfh: 1607.12 (27/3/90) 1990 tow: 981.07 (09/11/90) 1990 low: 1079 50 (11/10/90) 1989 high: 1322 00 (28/12/89) 1««9 h«h:
      205 words
    • 445 18 Company Rights Issue Mcom One tor two < a MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MSO 10 each at MSI per share with 10m detachable TSR on ttw basis of 1 CRPS with 1 ISR for every 4 CRPS Bolt an
      445 words
  • Page 18 Advertisements
    • 715 18 A OIL&MONEY (3 ASIA THE PACIFIC SINGAPORE, MAY 13 14, 1991 The third annual "Oil Money: Asia the Pacific" conference will take as it's theme "Beyond the Middle East Crisis". The program is designed to assist executives in energy, finance and trading to develop new strategies for the post war
      715 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 4176 19 Bernama SHARE PRICES closed lower yesterday in quiet trading with investors going for quality stocks. With index-linked counters holding steady, the KI.SE Composite Index firmed 4.31 points to 591.17 while the Industrials Index rose 8.66 points to 1,146.93. At the close, there
      Bernama  -  4,176 words
  • Page 19 Advertisements
    • 297 19 BUSINESS TIMES TELEPHONE: 730-577 1/5772/5773 FAX: 734-9982 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 ANO IN THE MATTER OF HOE HONG CONSTRUCTION PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL ANO ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)J At an Extraordinary General Meeting o* the Company held at
      297 words
    • 292 19 IN THE MATTER OF THE COMPANIES ACT. CAP. SO ANO IN THE MATTER OF HOE HUAT CONSTRUCTION ENGINEERING PRIVATE LIMITED flak UAkiakt^m lin mmpv voluntary Liquidation) NOTICE OF SPECIAL ANO ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)J At an Extraordinary General Meeting of the Company held at 6 New Industrial Road.
      292 words
    • 284 19 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF COMMERCIAL DISCOUNT COMPANY LIMITED (In Member*' Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 36 Robinson Road «06 0i City House. Singapore 0106 on 28 March 1991. the following Resolutions were passed
      284 words
    • 247 19 THE COMPANIES ACT, CAP 50 JEWELLBW CRAFT ENTERPRISES PTE LTD (In Members' Voluntary Winding-Dp) At an Extraordinary General Meeting of the abovenamed company heW on the 30tti day of March 1991. the following Special Resolution was duly passed "THAT the Company be wound up voluntanly pursuant to Section 290(1 )(b)
      247 words

  • TOKYO STOCK EXCHANGE
    • 2246 20 Reuter TOKYO stocks yesterday ended easier in a correction to Wednesday's 528-point gain. Investors are awaiting today's US jobs data tor clues to the direction of interest rates. A steady yen, strong European share markets, and hopes for easier credit held back
      Reuter  -  2,246 words
  • STOCK EXCHANGE OF HONGKONG
    • 2168 20 Reuter HONGKONG stocks yesterday ended lower on profit-taking ahead of a long holiday weekend and after recent sharp gains. The blue-chip Hang Seng Index was also pulled lower by heavy selling of Cheung Kong, an index stock which ended HKSI lower
      Reuter  -  2,168 words
  • Page 20 Advertisements
    • 255 20 Innovation Technology in BT on Tuesday NOTICE Tfce CMfuln Act, Ctf. M) KH BIILDING SERVICES PTE LTD (la Menken' VtluUr) p At an Extra-Ordinary General Meeting of the Company held at 11 Benol Place Singapore 2262 on 29th March. 1901. the following special resolutions were passed: (I) that the Company
      255 words

  • REGIONAL STOCK MARKETS
    • Rally continues in most Asian markets
      • 342 21 AUSTRALIAN shares struggled to a slightly firmer close yesterday, with a cut in official cash rates not enough to inspire investor interest. The All Ordinaries Index finished 0.4 point higher at 1,457.5. Brokers said they expected the Reserve Bank to cut rates by more than the 50 basis points
        342 words
      • 544 21 SHARES surged yesterday after a twoday decline and the Manila Composite Index hit a one-year high after a buying binge on San Miguel Corporation and rumours of a dividend declaration spread to other stocks. The Manila Stock Exchange Composite Index rose 21.89 to close at 1,128.87, the highest level
        544 words
      • 821 21 IN BANGKOK, buyers' confidence boosted the SET Index, which closed 12.11 points higher at 868.49 on turnover of 3.58 billion baht. Siam Cement rose 12 baht to 750, Siam City Cement nine to 183 and Bangkok Bank two to 369. Brokers said they expected next week to be quiet
        821 words
      • 629 21 JAKARTA stock prices closed higher yesterday, with heavy foreign buying. The official index edged up 1.58 points to 406.12 and volume almost doubled to 4.42 million shares from Wednesday's 2.25 million. "Sentiment looks good, with foreign demand getting stronger. Hopefully, it can drag the market further up," one broker
        629 words
      • 837 21 SEOUL shares rose yesterday on institutional buying support, pushing the composite stock index above the psychologically important 650 mark. The index ended the day at 654.14, up 4.71 points from the previous session. Turnover was thin at 128.5 billion won against 96.6 billion won on Wednesday's trade. Rises outscored
        837 words
      • 89 21 IN WELLINGTON, support for Australian shares and the looil dollar falling against the Australian currency helped dual listed stocks to push the share market higher at the close. "There was a little bit of interest in the afternoon," said Charles Batchelor of CS First Boston. 'The prices were
        89 words
      • 71 21 IN BOMBAY, widespread profit-taking on Wednesday left closing share prices mixed after a bullish opening for the third day running. State-owned mutual funds led the selling which undermined sentiment, but losses were modest and some stocks ended higher. The Bombay Stock Exchange Index soared to 1,217.76 points in early
        71 words
      • 1524 21 Close Previous April 4 SYDNEY All Ordinaries Index 1.457.5 1,457.1 +0.4 All Industrials Index 2,253.6 2,250.1 All Resources Index 848.2 849.8 -1.6 Turnover (million) 101.39 94.98 +-6.41 BANCKOK SET Index 868.49 856.38 +12.11 Turnover (million baht) 3.580 2,608 •>-972 JAKARTA Composite Index 406.12 404 54 +1.58 MANILA Composite Index 1,128.87.1,106.98
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  • Page 21 Advertisements

  • WORLD STOCK MARKETS
    • Prices retreat in the face of program selling
      • 126 22 April 3 Close Previous NEW YORK Dow Jones 2.926.73 2.945 05 -18.32 NYSE Financial 151.92 150.36 +1.56 S&P500 378.94 379.50 -0.56 Turnover (million) 214.0 189.5 +24.5 LONDON Financial Times 30 2,014.2 1,985.9 +28.3 FTSE 100 2.519.1 2,488 3 30 8 Turnover (million) 704.1 547.8 +15.63 AMSTERDAM CBS Tcndcncy Index 98.2
        126 words
      • Article, Illustration
        1377 22 A LATE WAVE of program selling easily engulfed a frail US blue chip advance on Wednesday, chipping about 0.6 per cent off prices by day's end. But the selloff /ailed to deter over-the-counter stocks, which sailed to another closing record as investors sought out potential earnings winners in
        1,377 words
      • Article, Illustration
        854 22 LONDON shares stood below the new trading highs reached in the morning in moderate midsession volume yesterday, as buyers continued to trickle money into the market. "People can see very little downside now, plus there've been no real sellers for three months," said one dealer. By 1047 GMT the
        854 words
      • 277 22 DUTCH shares yesterday eased in erratic midday trade on profit-taking after the market had unexpectedly started higher. After Wall Street's lower close on Wednesday people had not expected the strong opening. But news the Bundesbank left its credit policies unchanged lifted prices from a midmorning dip. "The maricet is
        277 words
      • 163 22 ITALIAN shares opened higher yesterday and maintained their gains at midday, with Pirelli SpA shares rising over three per cent. Brokers said volumes at the opening were light, with many investors remaining on the sidelines. At 0930 GMT, with official closing prices fixed for half the shares, the MIB
        163 words
      • 196 22 FRENCH share prices yesterday drifted lower in midsession trade dominated by arbitrage buying in Generale Occidental following a buyout offer from Alcatel Alsthom. Shares managed to creep higher after a lower opening, touching a new eight-month high, but then fell back by midday in a directionless market. The CAC-40
        196 words
      • 278 22 IN FRANKFURT, shares eased 0.4 per cent yesterday, in what dealers saw as a healthy correction after sharp rises over the last three trading days. The 30-share Dax Index ended 5.53 points lower at 1,571.97, chipping away at a 4.6 per cent rise accumulated over the previous three trading
        278 words
      • 336 22 IN JOHANNESBURG, the stock market put on a firm performance on Wednesday with the help of buoyant international markets, but trading was generally thin and cautious. A further recovery in gold shares from their recent lows led the advance, dealers said, noting that the main supporting factors were a
        336 words
      • 300 22 THE ZURICH bourse was a touch higher in moderate midsession trading yesterday, but off earlier highs on a lack of follow through orders. The all-share SPI Index was up two points at 1,076.1 at midsession after peaking earlier at 1,078, a new year high. The SMI Index of leading
        300 words
      • 143 22 BELGIAN shares started mixed in quiet trading, following the trend on other European bourses and with little fresh news to affect trading. The key Bel2o index of leading shares slipped 0.42 per cent to 1,197.24. Total trading volume at the start was worth 200 million francs. Eighteen shares rose,
        143 words
      • 89 22 THE STOCKHOLM bourse general index yesterday recovered from an'early swoon and rose 0.1 per cent to 1,103.10 in morning trade following Wednesday's strong advances. The blue chip index was unchanged. Early turnover was a low 130 million crowns, just over one-third of Wednesday's volume. "Major Swedish investors are still
        89 words
      • 311 22 IN TORONTO, sharp losses in a few selected firms and a pullback in most sectors sent stocks stumbling on Wednesday from session peaks in the last half hour of trade to close flat, dealers said. "Right now we are at a 'betwixt and between' stage," said Michael Graham, a
        311 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1168 23 REPORTS THE AMERICAN CURRENCY yesterday ended higher against the D-mark but off the day's highs in thin trading ahead of a Bundesbank council meeting L r The market slowed down in the afternoon after the US dollar, propelled by early
      1,168 words
    • 387 23 Cross rates Apr 4 USS S$ MS Dm Yen SFr A$ NZ$ USS 1.7695 2.7505 1.6855 137.45 0.5667 1.4260 1.2771 ***** SS 0.5651 1.5544 0.9525 0.7768 0.3203 0.8059 0.7218 0.9530 MS 0.3636 64.33 0.6128 0.4997 0.2060 0.5185 0.4643 0.6131 Dm 0.5933 1.0498 1.6319 81.55 0.3362 0.8460 0.7577
      387 words
    • 571 23 Interbank rates S$ Bid Offer Overnight 4 1/4 4 3/8 1-month 4 9/16 4 11/16 2-month 4 5/8 4 3/4 3-month 4 11/16 4 13/16 Overnight mode: 4-1/2 LSI Bid Offer 7 days 6 5/16 6 7/16 1 month 6 1/4 6 3/8 2 months 6 1/4 6
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    • 368 23 Reuter THE SOVIET UNION increased by nearly five times the number of roubles offered foreign tourists for their hard currency, just below that offered on Moscow streets by black market traders. Rates posted at an agency of the official Foreign
      Reuter  -  368 words
    • 152 23 Reuter THE CHICAGO Board Options Exchange does not plan to lower margin requirements in spite of a decline in market volatility since the October 1987 stock market crash. The stringent margin requirement is part of the re*- son that the options trading volume on the
      Reuter  -  152 words
    • 1154 23 3IWLA EIHHHMHP** Open High Low Sett Est Vol Op/lnt Vol Jun 91 93.51 93L52 93lo 93?5I 3476 ***** 82U Sep 91 93.22 93.22 93.21 93.21 600 7160 2245 Dec 91 92.75 92.76 92.74 92.74 264 8748 856 Mar 92 92.58 92.59 92.57 92.57 70 5084 501 Jun 92
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  • COMMODITIES
    • 395 24 THE Malaysian decision to supply Vietnam with 200,000 tonnes of fertiliser in exchange for rice is expected to result in a sharp cut in Thai rice exports to this traditionally major buyer, says the Bangkok Post. A Rice Exporters Association source said yesterday
      395 words
    • 288 24 Bernama THE United States Feedgrain Council, with 12 representative offices worldwide, plans to open a regional office in Kuala Lumpur soon to cater to the growing market in the Asean region. Executive director of international operations Alan Terharr said in Washington
      Bernama  -  288 words
    • 865 24 REPORTS Hongkong: GOLD ended slightly easier in lacklustre trade on late profit-taking yesterday while silver and platinum prices continued to set the trend. Dealers said they expected trade to move sluggishly in a range of US$35O to US$36O an ounce pending a clear direction.
      865 words
  • 1344 24 Rubber Apr4 ■AS(t*bH») S ccnts/kg Noon C'knc Inl I RSS Prompt 142.50/143 50N I42.S4VI43 50N Ini I RSS May 91 145.50/146.00 145.50/146.00 Inl I RSS Jun I47.2VI47.75 I47.2VI47.75 Inl 2 RSS OP I42.50/I44.50N I42 MVI44 50N Inl 3 RSS OP 138 00/140 OON I38 00/I4000N Inl 4 RSS OP
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  • Page 24 Advertisements
    • 1180 24 BUSINESS TIMES TELBPHONB: 730-5771/5772/5773 FAX: 734-4982 UNITED INDUSTRIAL CORPORATION LTD (Incorporated ii to of Sing*ior*| LOST SHARE CERTIFICATES Applications have been made to the Directors of the aborenamed company to issue duplicate share certificates in place of the following share certificates which have been reported lost or destroyed: NaafriMrai Sjjfctafe
      1,180 words
    • 11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 945 25 City Flight ETA Flight ETD Abu Dhabi GA976 0010 GA890 0150 GA970 2245 Adelaide QF7 _18 15 Amsterdam SQ23 1815 GA890 0150 KL835 1415 KL836 2215 SQ23 1815 SQ24 2200 KL838 2240 Athens ~SQ45 0750~~SQ24 2200 0A471 2205 Auckland NZ35 1550 BA11 1255 SQ338 2030 SQ325
    945 words
  • THE TRAVEL PAGE
    • 543 25  -  LETTER FROM BELIZE By John Otis Tourism is on the rise in Belize but it's not the beer-and-coppertone sun tan lotion crowd that comes to this tiny Central American nation. In an etVort to boost the economy yet preserve the environment. Belize is pushing "ecotourism".
      543 words
    • 155 25 As at 3pm yesterday: l>ocal dollars to one unit of foreign currenc> Currencies Bid Offer Australian dollar 1.375 1.395 Canadian dollar I 513 1.533 NZ dollar 1.055 1066 Sterling pound 3.110 3.130 US dollar 1.7640 1.7740 l>ocal dollars to 100 units of foreign current') Austrian schilling 14.80
      155 words
    • 95 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel April 17th International C'entro Fundacion El (541)*****25 \pril XVI International Buenos (hamber of (541)*****4 5-22 Book Fair Municipal de Libro 11-26 Furniture Aires Manufacturers Exhibition Exposicioncs. Exhibition of Furniture Buenos Aires Expomueble 91 Bacacay April International Barcelona
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  • Page 25 Advertisements
    • 42 25 You've got nothing Tbulouse trying Finnair next time you go to France. With a twice-weekly service from Singapore direct to Helsinki and then to everywhere in Europe from Paris to Prague. Call *****77 for details. We know Europe from start to Finnish.
      42 words
    • 44 25 EDUSAVE made easy What's this scheme that helps students? How does it work? Who will get the government's cash subsidy? When? Why? We make a complex issue simple. In our usual easy style. The fcrtesl news and much more. From fundvHme. Morxkry to Saturday.
      44 words
  • Page 25 Miscellaneous
    • 268 25 Material advice to ■■r-HMl we 8 Continuous bleep or ring, perhaps (7,6) I I I I I 111 -J Sounds nothing wrong with a formal act (4)12 Titan with a grievous ex- 11 T j pression touring the square... (5) 13 ...not happy to stick around Leatherhead (4) .1— 16
      268 words
    • 262 25 Avi ]il I!l3 Singapore Outlook: Showers o>er a few areas in the per-dawn hours and again over several areas in the afternoon. Forecast: Maximum temperature 31.3 j Assoc humidity 71% i Minimum temperature 25.0° C Assoc humidity 99% j Hours of sunshine 3.70 j Rainfall in mm 6.1 Rainfall this
      262 words
    • 36 25 I ox. lU. DO rnvPpwL DAWO.S YuHiCH WAND -3) so vou DoNT u<t yrnRG'C frcr... y\ j M iwpgess'ONS 9 J VL <-n m 0t §t% IGO 014 *TY4£N....) O EVENING STANDARD CO. LTO., 1962-1991 8394
      36 words

  • 434 26  -  Increase of 15.5 pc on a three-month moving average basis By Salil Tripathi DESPITE the Gulf War, Singapore's total trade in February this year rose to $16.6 billion from $15 billion in February 1990. This represents an increase of 15.5 per cent on
    434 words
  • 490 26  -  By Schutz Lee TARIFFS on Singapore's exports to Australia currently enjoying 5 per cent margins of preference will be reduced by at least half by the year 2000, even as these margins are reduced over time. Figures released by the Australian High Commission
    490 words
  • 398 26 Reuter MONEY is becoming a little cheaper in Indonesia as banks, bled dry by a central bank drain on the rupiah in February, pull funds back into the system. Powerful state-owned banks, harbingers of government policy, have cut prime rates between
    Reuter  -  398 words
  • 207 26 Reuter BRITISH Prime Minister John Major has told US President George Bush that a massive international effort is needed to help Kurds and other Iraqis fleeing an onslaught on rebels by government forces, while the US leader has pledged to keep American forces out
    Reuter  -  207 words
  • 204 26 Reuter A CRIPPLING Soviet pit strike spread yesterday as militant miners spurned President Gorbachev's ofter to double their pay within a year and stuck to demands for his resignation. The apparent collapse ot" what Moscow claimed as a deal drew criticism from Russian
    Reuter  -  204 words
  • 260 26 Reuter AUSTRALIA'S Labor government eased monetary policy yesterday for the first time this year, cutting cash rates by half a percentage point to try to breathe life back into a weak economy. The cut immediately sent the Australian dollar surging
    Reuter  -  260 words
  • 442 26  -  By Kenneth James DUTCH Prime Minister Ruud Lubbers yesterday strongly endorsed the Growth Triangle of Singapore, Johor and the Riaus but said it should be the private sector that makes the most of the excellent possibilities that the Triangle presents. Mr Lubbers
    442 words
  • 245 26 ASEAN is more a concept than a success, as there is still no single Ascan market at this moment. That is the frank opinion of visiting Dutch Prime Minister Ruud Lubbers. However, he qualified, as a political concept, it is a success. But he
    245 words
  • Page 26 Advertisements

  • ShippingTimes
    • 443 27  -  Communication failure at Customs hits shipping community By Dexter Lee SEVERAL MEMBERS of the shipping community are hopping mad because they have been unable to get permits from or make duty payments to the Customs and Excise department via TradeNet over the week. As
      443 words
    • 260 27 THE shipping community has painted a different picture of this week's communication breakdown. It feels that it is the switch in Customs' computer system which is causing all the trouble. TradeNct subscribers, who declined to be identified, insist that Customs' computer system is still "bugged". "Bug"
      260 words
    • 254 27 AFP AIR LINKS between South Africa and Australia, severed in the mid-1980s, could be restored by Christmas if current political reforms remained on track, Australian Ambassador Colin McDonald said in Cape Town on Wednesday. In an interview with Business Day
      AFP  -  254 words
    • 230 27 Reuter EAST JAPAN Railway Co plans to remodel secondhand railway cars for export to the Soviet Union and is considering other measures to help to modernise the Soviet railway system, a company spokesman said on Wednesday. The number of cars
      Reuter  -  230 words
    • 189 27 AP NORWAY signed an agreement with the Philippines on Wednesday to improve safety in sea travel in this islandnation often beset by ship disasters and rampant disregard for maritime rules. Under the accord signed by Charge d'Affaires Else Bcritc Eikaland and Philippine
      AP  -  189 words
    • 341 27 UPI CHINA'S depressed arms industry gets a boost this week with the delivery to Thailand of a guided-missile warship equipped with computer control and relatively advanced electronics, official media in Beijing reported yesterday. The Thai embassy in Beijing confirmed that its ambassador and naval attache
      UPI  -  341 words
    • 379 27 Reuter BRITISH Foreign Secretary Douglas Hurd said Hongkong would shelve plans for a large new airport after 1997 if China refused to endorse it. "We're talking about cither going ahead with the airport projcct with Chinese acquicsccnce or saying sorry, the price being
      Reuter  -  379 words
    • NEWS SUMMARY
      • 52 27 SEMPATI Air, the recently revamped airline that is partowned by President Suharto's youngest son. looks set to blow competitors out of the Indonesian skies. Its reputation for reliability and efficiency makes it the only way to fly in the country. according to some analysts
        52 words
      • 61 27 SHIPOWNERS will incur substantial costs in replacing the ageing world fleet in the *****. This means freight rates will have to increase considerably, Lloyd's Register's said. The society said that 25.8 per cent of the fleet is 15 to 19 years old
        61 words
      • 60 27 REPRESENTATIVES of the international shipping community meet in Oslo next week to discuss the ageing world fleet and new ideas to strengthen safety. While relying increasingly on electronic navigation, shipowners and authorities say, there is a need to replace the ageing world fleet and
        60 words
      • 49 27 WITH two space shuttles on launching pads at Cape Canaveral in Florida, the US National Aeronautics and Space Administration is trying to do something it has not attempted in more than five years: launch two shuttle missions in one month Back Page
        49 words
    • LOG BOOK
      • 94 28 THE PORT of Baton Rouge is drafting regulations imposing a US$25O (*****) harbour fee on deepwater vessels docking within the port's 70-mile jurisdiction on the Mississippi River and plans to boost docking fees at its mid-stream coal facility by over 36 per
        94 words
      • 59 28 AVONDALE Industries Inc should report a profit for 1991, Tom Kitchen, vice-president and chief financial officer said. "We anticipate a profit this year," he said. For 1990, the marine construction and repairs firm reported a loss of US$9.B million (S$ 17.3 million) before taxes and employee
        59 words
      • 48 28 THE PANAMANIAN-REGISTERED tanker Stephanie has anchored off Yucatan, Mexico, after suffering Hooding, Lloyds Shipping Intelligence Service said. The 6,692-dwt vessel, bound for Houston from Guatemala, is due to undergo a diving survey at Galveston, near Houston, but its estimated time of arrival is uncertain.
        48 words
      • 40 28 THE DANISH-OWNED refrigerated vessel Ivar Lauritzen has been towed to Montevideo after reporting main engine computer damage, Lloyds Shipping Intelligence reported. The 12,900-dwt vessel was bound from Hamburg to Montevideo, when it requested help off La Paloma.
        40 words
      • 49 28 THE PANAMANIAN refrigerated vessel Tenfu, 6,530 dwt, is heading for Japan under its own power after colliding with the Philippine-registered bulker Crest I, Lloyds Shipping Intelligence reported. The 34,072-dwt Crest I is dead in the water, and a tug is en route to assist it.
        49 words
      • 87 28 THE INDONESIAN state-owned dredging company PT Pcngcrukan has won a US$3.6 million (556.3 million) contract to dredge Port Kelang in Malaysia, a company official said on Wednesday. Budianto, the official, said the company won the contract last month to remove about two million cubic metres
        87 words
      • 23 28 THE GREEK-REGISTERED bulk carrier Frangiskos CK was refloated after running aground at Mobile, Alabama, Lloyd's Shipping Intelligence Service said.
        23 words
    • 1141 28 THR PHYSICAL freight market was again quiet and rate levels were mixed as the decline in the Baltic Freight Index slowed to three points on Wednesday, brokers said. "Some operators arc bearish...But it's better than over the past couplc of weeks," one broker said. "Physicals arc firmer but
      1,141 words
    • 952 28 Sempati Air, the recently revamped airline that is part-owned by President Suharto's youngest son, is fast gaining a reputation among Indonesian businessmen for its professionalism and efficiency. Reuter A NEWLY REVAMPED airline part-owned by President Suharto's youngest son looks set to blow competitors out of
      Reuter  -  952 words
    • 591 28 Mar 28 Carbon wn*n DensityWater Residue Ash /Uumnun Sedment DemityWiter WesiAjt Ash Mmihm Sedwtnt xrniu toon E«on KG/M*3% V/V %M/M PPM method KG/M*3* V/V U/M M/M PPM method ISO/Cimic tants Spec E?5 ***** 150 0 10 30' 010" Eastern USA 180 Ave ***** 13* 006 12
      591 words
    • 11625 36 l his 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
      11,625 words
    • SHIPS IN PORT
      • 695 43 <«Ml Wo Berth km* Dqwtw *> Berth Arrival Dejwrtiie Keppd Wharves U«mah Ripah ***** M1B 04 04 1400 04 04/2300 Fernclitt 10 K30 alongside 08 04/2359 Hai Hui 8 9106A M3A 0404/1530 0404/2330 Kebon Karet 9/91 K32 alongside 04 04/1300 Uya Befsarru 1286 MIA 05 04/0800 06
        695 words
      • 1405 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From An fremantte ***** 05/2230 1 04/1500 04/1659 04/1900 An layakarta ***** 07/0001 1 04/1500 04/1659 04/1900 3 05/0700 05/1159 05/1400 4 05/1200 05/1459 05/1700 Anson *****N 05/2230 1 04/1500
        1,405 words
      • 246 43 Penang Port Berth n Butterworth on Apri 5: 1: Bum Han; 2: Thang Long, Pearl One. 3 Million III; 4 ml: 5 Kota Pahlawan 6 Karuma iaya I Penanj Wharf; NB ml; CB Dpta Raya; SB USS Stein BCT: Bl; Sung Hwa; BB Juno; l/B: Bangsrakao YOTP:
        246 words
    • 602 44 Reuter SHIPOWNERS will incur substantial costs in replacing the ageing world fleet in the *****, and this means freight rates will have to increase considerably, Lloyd's Register's (LR) said. LR, the world's leading classification society, said in its annual report published
      Reuter  -  602 words
    • 379 44 Reuter REPRESENTATIVES of the international shipping community meet in Oslo next week to discuss the ageing world fleet and new ideas to strengthen safety. "The world fleet is ageing... and this gives rise to concern. Security regulations are more important now than
      Reuter  -  379 words
    • 129 44 UPI KUWAIT Airways on Wednesday resumed its prewar international flight schedule that was suspended when the Allied forces attacked Iraq in mid-January. Bahrain and Cairo are being used as temporary hubs for the airline while basic airport facilities, destroyed during the Iraqi occupation and subsequent war,
      UPI  -  129 words
    • 418 44 NYT A FOUR-MONTH government investigation into charges of shoddy testing for rust and cracks in the Trans-Alaska Pipeline has concluded that workers were poorly trained for some tasks and that the pipeline company provided inadequate supervision. But the investigation found no immediate danger to
      NYT  -  418 words
    • 520 44 NYT WITH two space shuttles on launching pads at Cape Canaveral. Florida, the United States National Aeronautics and Space Administration is trying to do something it has not attempted in more than five years: launch two shuttle missions in a single month. The
      NYT  -  520 words
  • Page 27 Advertisements
    • 247 27 BSWff HMG METAL CO PIE LID U TUA3 AVE 14 SJNQAPOfIC 22U TEIEX R3 30*T» SHMCPI TEL: <61 MSS(SinM) miFU Ni s4\\ vhv F\Mitng»oi uniMßtmnm &%mm< rsr. gees jfuiti IIU Willi •OMKMIII Mm* Uiltl O—iLPO HgQgl MMUfoM. UAUtIU /Ui^ Cony•>to IHAIIjtMD, MOMMA Murrm Wmtwvm Trv<*a SMb Co* HrW) PIM TrucM
      247 words
    • 28 27 Container Schedule 17 Daily Froghts 2 Index to Advertisers 3 Shippmg Guide 10.11 SNps m Port 17 Singapore Tides 17 Ventas Report 2 Weather and Sea Conditions 17
      28 words


  • Page 29 Advertisements
    • 2412 29 JAROINt SHIPPING AGENCIES %l|lf# M Cantonment Road #12 05 Southpomt, Singapore 0208 \lllfr *****11 TELEX NO RS ***** finim terminal tei *****1s 220 M P BmAfl *1 BOOKINGS Tei *****34 2SB VlV# PESAKA JARDINE SHIPPING AGENCIES SON BHD >oftT TEL. *****18 TELEX MA*****/MA3VOI PENANG TEI *****4 TELEX NO MA***** CES
      2,412 words
    • 1241 29 INDEX TO ADVERTISERS Page Col Page Col T •Llo><J Tncslino 4 1/2 Lucky Seaway 15 3 ABC Containcrlinc 12 I L>kcs Lines 5 I Accord Group 8 1-3 AFS 15 2 J Xn&£s !< < M+ R Frvwlg 13 1/2 4 1 Tocplcr 5 5 Mac-Ncls Agcncics 14 1/2 AHwd-Lmk
      1,241 words
    • 2240 29 mmnnmm NEXT VESSEL TO U.S.A. MAGLEBY MAERSK V 9104 ETA 9/4/91 Vessel Voy ETA I ETO "Port 'Penang DESTINATIONS Singapore Kelang m™ uagwbr 9104 r«»»» by 94 oaoo mbs Farco HHB CFS 8 4 2159 MRS M Taufo OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC MON TOR
      2,240 words

  • Page 30 Advertisements
    • 1389 30 1. Irotteoam I T VOY NO SPORt SOUTHAMPTON HAMBURG ANTWERP LE HAVRE BREMEN EXPRESS 02/313 9/4 26/4 ?8/4 iTs 2/5 CQQ' LONDON EXPRESS 01/114 13/4 4/5 2/5 31/5 KITANO or/314 14/4 1/5 3/5 5/5 L Ml WCSTBOUNO f. HAMBURG EXPRESS 02/115 18/4 9/5 7/5 6/5 KItAHC A PfNANG CARGO HANNOVER
      1,389 words
    • 604 30 WnM M f M DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I 2003E In Pt 16/4 19/4 24/4 L J BONTANG 2103E 20/4 10/5 13/5 18/5 AISO ACCEPTING CARGO VIA SUVA TO lAUTOKA PAGO PAGO APIA I NUKUALOAF A DIRECT CHILE SERVICE SIN 100 ANF VAP CALLAO SAN
      604 words
    • 1584 30 I rnxmrn BHmI REGULAR MOEPENOENT FULL CONTAM4ER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA SHARJAH 9105 3 10/04 28/04 29/04 03/05 04/05 05/05 06/05 07/05 08/05 NORASIA MUBARAK 9106 3 15/04 05/05 06/05 09/05 10/05 11/05
      1,584 words

  • Page 31 Advertisements
    • 2101 31 ssfjjgSteamers Maritime Holdings Ltd HTM STRAITS SHIPPING %wV BBHt r StamflPfl tO OM|A| ESSI |M|y||i Containers iijjgg^—• ¥uy Nc fPen. «-Pkl S'pore Alg Sou Anl Hot Mbg ACCEPTS DUE SAILS PENINSULAR BA» 0510 3003 0104 Obo4 2304 2504 2?0» CARGO ifEGiNA MAtRS* 4106 06.04 08.04 104)4 75,04 2804 ,"104 0105
      2,101 words
    • 2007 31 TO- U.3.A./PANAMA Fy US A /PANAMA t. °s i s ffi jg sr k »S CHOYANG GLWY Ef IM 11,4 15 MM I*s M 2V5 *'S 1W «22L» mJV* ill ill ill nil 11J il l W *4 ASIAN SENATOH Ef US I*4 IVS lift *S 14 W r2)!JSIr «ftiTnf9
      2,007 words
    • 424 31 I STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL VOY SP PK KUL KK HELICIA 8 Sid In Pt TRANS AUTO 27 In Pt 9/4 COSMO ANGEL 2 5/4 13/4 SUN RUBY 2 6/4 8/4 ORANGE OCEAN 98 10/4 14/4 18/4 SEA LARK 43 12/4 ZUIJIN 1 14/4
      424 words

  • Page 32 Advertisements
    • 711 32 isaa CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE WI'VOY S PORE RDAMADAM H BURG BREMEN ANTWERP lW W »5 28,5 KUTAI22WB 1 jS 4,6 96 14* 17/6 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subjact lo Inducement Also accepting cargo to Casablanca. Fort Said. Port Alexandria, Ganoa. Trieste AISO ACCEPTING
      711 words
    • 1178 32 HANJIN SHIPPING fl—llf H btu mam RRV Cf. IfEEDERVSL SIN UNI HAUL LA* OAK HANJIN HAMBURG 005*1 ***** 25 4 2*> 426 4 2'4 28 4 |{JCJJjIJJ LOMCBEACM'OLE 15/4 DIRECT *6,5 9 5 HANJIN KAOHSIUNG 003W 8475 4 76 4 77 4 27 4 79 4 30 4 I LOM6MACH
      1,178 words
    • 1358 32 -m Li M IP. SGP HKG use KLC PUS HKT OSK NCY SM2 TYO LAX CHS SAL NYC LMV ANN ROM TMP NBC PSO CMB PKL SflP B E GENTLE RE 03S 11,4 12 4 1V« 1M If 4 21/4 23 4 25/4 4 27/4 2S-4 9 5 21/5 23/5
      1,358 words

  • Page 33 Advertisements
    • 2108 33 I Jf NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: JUK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INDIA/PAK SERVICE -*****18 FAR EAST SERVICE *****48 IORP TERMINAL OFFICE-*****22 DOCUMENTATION DEPT: *****44/*****14 HgpagßHig CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 NEPUNE SDN BHD MALAYSIA K.L.-(OQ) *****33, P. Kelano-(03) *****87,
      2,108 words
    • 1104 33 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 DISCHARGING FROM EASTBOUNP LOADING FOR WESTBOUND VESSELS VOY»G£ SPOOt M»HIA "hkOwT' VOYAGE SPOOt PKUWC HBURG »H»VtN TIIBUHT MOTT AWTWWP KM ROMAS
      1,104 words

  • Page 34 Advertisements
    • 1652 34 K' I AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No **********0 M) V TEI *****77 TELEX KAWAKIRS23I6S FAX *****79 M '■y MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHD I Mi A TEI PJ 7bb4722 PK *****01/5 PENANG *****5 JB *****1 HHHHH KAWASAKI KIStN KAISH'V II I) INDONESIA P T SARANALAUTinternusa
      1,652 words
    • 1268 34 \sm PHIU-OMCNT UN€5 PTC LTD 108 ROBINSON ROAD #07 00 GMG BUILDING SINGAPORE 0106 X TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76.*****38 L BY AIR, LAND OR SEA Hflfcajgr WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 15 APR MONTREAL. OTTAWA, TORONTO, VANCOUVER, S'WESTERN
      1,268 words

  • Page 35 Advertisements
    • 1485 35 PACIFIC INTERNATIONAL LINES (PTE) LTD SSSS? mU/M P't- Building, 140 Cecil Street *03-00, Singapore 0106. [JAKARTA 1 6ANQKOK 1 VESSEL VOY SIN jkt SIM VESB£L vov S,N BKK S sssu kurako s: r« sr. ass*™.... ;x: ;i BUNGA TERATAI 143 10/4 12/4 16/4 PEGASUS PROGRESS 662N 9 4 12 4
      1,485 words
    • 1382 35 f BEN LINE CONTAINERS LTD A 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT f VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Afosia 098 9/4 26/4 27/4 29/4 30/4 Nedlloyd Tokyo' 096
      1,382 words
    • 365 35 M MYANMA pBBk FIVE STAR UNE w (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg PAGAN VI6SW In Pt MVOMAYWA VI34W 5/t Apr SW AVA VIO7W 9/11 Apr 13/15 Apr MPA AN VI62W 16/23 Apr THE BANK UNE (A Mrvice of Andrew Weir Shipping) SEMI-CONTAINER
      365 words



  • Page 38 Advertisements
    • 674 38 TO AUSTRALIA/NEW ZEALAND VSI Eiri Irrtm iMelb |Syd Uuck NPE |p CHAtM MARTHA II 2W «V 4 4/5 145 14/5 SJi 21/5 »5 ELLEN HUOIG in ujs SI 24/5 S/5 2/t it BRUSSEL 2/1 27,5 J/t ~V> 1W lib 1(M C VEROLME m lit 17* Hi* iJii Wj V TO
      674 words
    • 886 38 feMl&g»sM— EXPORTS TO HONGKONG, TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNG JKT I SIN j HKG KAO KEE TYO SM7 NGO KOB [I VtSStl VOY |SIW |PKL PMC BLW SIN Acx LllY *6 4 4 4 9 4 13 4 15 4 19 4 20
      886 words
    • 185 38 P.T. UNITED SHIPPING ORGANISATION LTD 4 OIHKCT HIGOCAR SHIVKtS JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA SURABAYA Accept cars*M to all other ladonealaa porta with tTMMhIpMMt at Jakarta or Surabaya. DESTINATION ETA ETD VSL a JAKARTA 6/4 7/4 P. SUMATERA 9/4 10/4 P. JAWA 19/4 20/4 P. KALIMANTAN a 24/4
      185 words
    • 1274 38 SP CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE tel. aiffl 2, MISTRI ROAD, HliC BUILDING TEL£ *rJl vSvLi #15 00. SINGAPORE 0207 INF CR NO: **********011 CABLE. COSTARLINE General Agents: CJOSTAR SHIPPING riaLIP TO HONGKONG AND CHINA PROM MONO KONQ AMD CHMA 4 >>' VESSEL,VOY SCP HKC SUA XIN
      1,274 words
    • 100 38 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETD LOADING FOR DELI INDAH 7.4 91 84 91 PK BALAM NAGA JAYA DOCK LAMPUNG JAYA In Port 9.4.91 PANJANG/PALEMBANG PINANG JAYA In Port 6.4.91 PANJANG PERITA JAYA 9.4.91 10.4.91 PANJANG;PALEMBANG ABADI JAYA 10.4.91 11.4.91 PANJANG/MUNTOK PERITA
      100 words

  • Page 39 Advertisements
    • 912 39 1 Vessel PKL PNG P C Loading (Of I A VESSEL 2»03 Rotterdam/Antwerp CHINA rtlll CONTAINER «E»VICE Vessel SCP PHL BKK HKG QIN SHA TANGFANGKOU 14/ 0204 0304 0/04 12)04 14.04 YANGFANGKOU 1« 03/05 04 04 0805 1305 I*os Also iccnt ng other cUtnese nofts W HKG AUniUUAW INDONiaiAN FULL
      912 words
    • 269 39 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) |TSP\ ETHIOPIAN SHIPPING LINES y J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IvOY ETA I LOADING FO« SPORE <VBBAY WVONZ 15.05 OARESSAI AAM MOMBASA OJIBOUTI ASSAB MASSAWA 10 06 DARESSAI
      269 words
    • 725 39 7ZK7HTW*matk!!ZAI P. T. PUL INTERNATIONAL LINE FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA A 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
      725 words
    • 909 39 SYDNEY/MELBOURNE BANGKOK I VESSEL VOY S PORE SYO MIL VESSEL VOY SINGAPORE BANGKOK PLANET* 0447 07 o»'4 »22/4 24 -2M SIRI BHUM# *m Sun 7/4 Wed 10/4 PIYA BHUM 0503 14-15/4 27-2»4 01-48/S WANA BHUM#* OON Sun 7/4 Wed 10/4 j PLAWtT W 22-24/5 28-21/S MAHA BHUM 53N Tue 4/4
      909 words

  • Page 40 Advertisements
    • 1272 40 MAC-NELS SINGAPORE EXPORT TEL *****22 11 import TEL: *****02 PENANG TEL (04) *****6 KK TEL (088) *****0 IrAWAU TEL (089) 7/8679 I P KELANG TEL (03) *****77 KUCHING TEL (082) *****315KAN TEL (089) *****2 I~K-/\ J J BAHRU TEL (07)*****2 SIBU TEL (084) *****2ISARIKEI TEL (084)*****8 V JAKARTA TEL (21)*****32
      1,272 words
    • 402 40 BLUE STAR LINE SINGAPORE TO J) JNEW ZEALAND AND T/S FIJI FULLY containerised monthly sailings DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING Ft I. LCI. FOR AUCKLAND. NAPIKK. WELLINGTON. BLUFF. CHRISTCHURCH. DUNFDIN. LYTTELTON, INVEtCARGIL, FIJI AND TAHITI SIN N PtY AUCK L*T PREMIER US 8 Apr 18 *1* "PL MUIBERA
      402 words
    • 1112 40 /SEI THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) m Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) TOJtfEST MALAYSIA SINGAPORE TO SABAH VESSEL VOY ETA KIT VESSEL I WT ETA KIT KIM SOON LI 12/91E 06 APR PENANG EQUATOR
      1,112 words

  • Page 41 Advertisements
    • 915 41 PERUANA Ma oe vapores "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO MATARANI, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING Penang* P Kelang Singapore E Usia KAMALEVERETT 06 08 Apr 09/11 Apr 14/16 Apr THOMASEVERETT 18/20 Apr 21/23 Apr 26/28 Apr KARABIEVERETT 13/18
      915 words
    • 546 41 r- t VSL ]VOY [s POKE jMAINLINER |LAX |KST |SAV [NYC HFX ZtM OSAKA 1/E J 4 M» LIVORNO 4/S 1J 5 IS,S Vfi IS/5 Z.M hope* 1« 114 7IM ITALY 15,4 H i 27/5 »5 Jl;4 ZIM TRIESTE IMC 1» 4 JIM ITALY 15,5 Z4 5 17/S 5 Jljs
      546 words
    • 775 41 SING KWANG HANG! SHlPPtttt TRANSPORTATION (PTt» LTD WEEKLY LCL/FCL SERVICE 1 vessei Is pore IJakarta" Surabaya MEKHANIK KURAKO V SSN 8/4 11/4 JEN WEI V 170N 110/4 [~VESSEL S PORE BANGKOK A VESSEL 714 10/4 A VESSEL 10/4 13/4 DESTINATIONS ETA SINGAPORE PORT KELANG 12 APR MANILA 7 APR HONG
      775 words
    • 553 41 IS PERINTIS LINE I i ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASE TIA 159 A 05/04 08/04 JATIDIHI 926 06/04 09/10 PRASETIA 161 A 11/04 14/04 JATIDIHI 927 13/04 16/04 TAN TO UTAMA 153 06/04 09/04 TAN TO UTAMA 155 12/04 15/04 TAN
      553 words
    • 470 41 fIN FAB EAST 7/4 KEELUNG/KAOHSIUNG 7/4 BANGKOK 6/4 MANILA/CEBU 6/4 JAKARTA/BELAWAN, SURABAYA 6/4 PORT KELANG/PENANG/E. Malaysia 6/4 BUSAN 7/4 TOKYO/YOKO/KOBE'NGO/OSA 9/4 HONG KONG SIN CHINA 9/4 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG Tl AN Jl N/QINGDAO/HAIKOU also accepting LCL cargo SJN EUROPE/UK 6/4 LDN/FLX/LVP/SOU 6/4 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania,
      470 words

  • Page 42 Advertisements
    • 2867 42 Straits Container Agencies WRV inTERmODflL^} (a of steamer, Mant.m, Hold,* lid) SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE J LCL/FCL SERVICE FROM 0 CONTAINER FEEDER SERVICE vessel/voy eta spore piraeus Naples genoa mersin trieste Istanbul ilyichevsk f r==i r=i M CWlvptnm ovw6oo tonftlnatotofflOMln UJBJL ba v 05CW91 5/4/91 22/4/91 26/4/91 28/4/91 1
      2,867 words
    • 88 42 Iti/fEO SHIPPING AGENCIES PTE LTD \\inll vfl Tlx RS ***** NEOSHIP Fax *****59 Tel *****29 (6 Lines) MOMBASA/DARESSALAAM G. LOTUS 27 APR REUNION/BEIRA I NHATRANG 1? 7 APRIL HC M /NHATRANG A VSL 10 13 APR ZHANGJIANG/XIAMEN A VSL 10-15 APR DALIAN/QINGDAO A VSL 20 25 APR HUANGPU/XINGANG/DALIAN VESSEL SPORE
      88 words
    • 574 42 SHIPPING CORP. SDN BHD [JSm PT KLAUS TEL 03 3****** |t Hm| MtSNMI V VDC/ PE M m 04-*****1 SUI TEL 0*21*12 Vl/ SIOU TEL 014-*****2 T*»WI TEL 0»*****1 M TEL OM-2422U KUCN TEL: 002^***** M SIA TO USA/CAWADA CONTAINER SERVICE fECDtH VOY I PEN PKL SIN LA/LB KST NYC
      574 words

  • Page 43 Advertisements
    • 689 43 mm fweht Flights worldwide HEW ZEALAND/FIJI VESSEL JW Pl| r« Ikk Sn Stay* F*l*l N Plyamtt|A| TMmti LfMMi|l| o«m4li|B| N*Mr Wrill(ftM|C| Ttm»%i N Rochester 9107 6,4 7/4 8/4 8/4 9/4 12/4 26/4 3/5 28/4 30/4 1/5 1/5 2/5 3/5 4/5 N Rouen 9108 16/4 18,4 19/4 19 4 20,4 23/4
      689 words
  • Page 43 Miscellaneous
    • 329 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 **********00 1600 1700 1800 1900 2000 2100 2200 2300 JR 2.3 28 2.9 28 2.5 19 14 09 0 7 06 06 09 13 1 7 20 2.1
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  • Page 44 Advertisements
    • 499 44 CHARTPOINT Every Saturday in Business Times /HYUNDAI MERCHANT MARINE CO- LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST FEEDER VOY PKE JHR SIN LINE HAUL VOY LBH OAK SEA LINE HAUL VOY TCM SEA PTL WAN HAI 203 Oil 01,04 02,04 04 04 LALANDIA 39E 29/04 02/05 05/05 GOLDEN
      499 words
    • 523 44 CHARTPOINT Every Saturday in Business Times IJK CONTINENT (TRIO) AlMacm^l*c«f*r*r UN V-W N I lINLIN I Hamburg to Copenlugen. Ajrhus. Goinwßurf. Mjlme IS PORE Is TON M BURG B HAVEN R OAM LEH H«tsin*>. Stockholm BREMEN EXPRESS 02,113 9 4 2i4 W 3 5 »M**m t«iAnt«efO AimtenH* Oslo. NtKmAi \sssr
      523 words