The Business Times, 25 April 1991

Total Pages: 48
1 48 The Business Times
  • 9 1 BusinessTimes MCI (P) 16/12/90 Thursday, April 25. 1991 75«
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  • NEWS SUMMARY
    • 72 1 SOVIET President Mikhail Gorbachev and his chief political rival Boris Yeltsin issued a joint call yesterday for an end to strikes threatening to paralyse the country. A declaration on urgent economic steps signed by Mr Gorbachev, Russian Federation President N eltsin
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    • 55 1 JAPAN yesterday enacted a nev\ national land tax aimed at curbing sky-high land prices, but property analysts said its impact would be minimal at best. "The rate (of taxation) is ver> low and the scale ot exemptions is quite broad, so it won't have
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    • 35 1 SINGAPORE firms are keen on a construction project at Hotel Russia, following a major shift in Soviet policy which allows wholly foreign-owned companies to operate in the Soviet Union Page 2
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    • 21 1 A US-BASED company will close down its operations in Jurong next month after a 13year presence Page 2
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    • 39 1 THE US is being urged to take a tougher stance against China and three other Asian countries for failing to protect American patents and copyrights on films, computer software and other intellectual properties Page 10
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    • 23 1 THE WORLD BANK and the International Monetary fund will be taking the first steps towards reconstructing Kuwait and Iraq Page H
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    • 23 1 CHINA'S ambassador to Singapore examines the factors that have given rise to suspicions about Beijing's interest in Asean countries. Page 13
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    • 26 1 RESEARCH findings have dispelled commonly-held beliefs that advertisements in newspaper and magazines should be placed in certain positions to gain readership Page 15
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    • 31 1 THE PORT of Singapore Authority's idea of forming joint quality circles (QCs) with its port users to boost productivity has borne fruit. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • 42 1 STOCK on Wall Street showed some scattered gains early yesterday as traders kept watch on the bond market and the Federal Reserve. The Dow Jones average of 30 industrials edged up 4.95 to 2,935.40 in the first hour of trading.
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    • 36 1 SHARE PRICES in London were lower at midday yesterday following mediocre performances in Tokyo earlier and on Wall Street on Tuesday. At 1100 GMT, the FTSE 100Share Index was down 12.1 points at 2.491.7.
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    • 37 1 PROMET BERHAD has invested USSI.7 million (SS3 million) to raise its stake in listed New Zealand company Perry Dines Corporation, which is controlled by the family of Singapore hotelier Ong Beng Seng Page 3
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    • 28 1 HOTELIER Ong Beng Seng is putting his Sydney Hilton, which was recently refurbished at a cost of 524 million, on the market Page 3
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    • 42 1 US FEDERAL RESERVE chairman Alan Greenspan has hit out at Treasury proposals requiring foreign banks to set up separately capitalised local holding companies if they wish to take advantage of the opening up of US financial services Page 8
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    • Article, Illustration
      30 1 cdncsda> C hange BT-MGA 742.14 -0.34 Kuala Lumpur ...590.84 f2.46 Tokyo 26.330.21 -161.36 Hongkong 3.605.29 +35.65 Sydney 1.518.3 +8.0 IuvmJDV Change New York 2.930.45 +2.73 London 2,503.8 +13.0
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    • 22 1 Exchange rates USS SSI.7690 100 Yen SS 1.2X56 MS SSQ.6423 Money market rates Overnight 4 3/4% -1/X 3-month 4 3/4 unch
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    • 38 1 London Gold AM fix USS355.W -USSI.00 Rubber S'pore Mav 144.75«/kg +0.25 M'sia Ma> 225.5C/kg unch KL Tin Turnover 70 tonnes 15 Spot MS 15 03/kg +0.10 Crude palm oil Turnover 1.859 lots +525 Ma\ MS7*)6 /tonne +13
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  • 629 1  -  Work on theme park continues in spite of dispute By Amy Balan A LEGAL DISPUTE involving two of three major partners has cast a cloud over a MS3 billion resort in Desaru hailed as the world's largest theme park outside Disneyland. The
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  • 405 1  -  By Shoeb Kagda A TROPICAL winterland complete with artificial snow, a marina, four championship designer golf courses, a golf academy, a tennis ranch, an equestrian centre, a sailing academy, an aquatic centre, and nine thematic international hotels with some 3.3(H)
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  • 269 1 Reuter i HIGH interest rates will ensure that Indonesians this year invest far less than the amount approved hut foreigners are likely to keep pumping in cash, says the i chairman of the State in vest ment Coordinating Hoard (BKPVI).
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  • 528 1  -  NTUC Triennial Delegates* Conference By Kenneth James DO NOT be afraid to encourage local companies to distribute their activities around the region; this creates new opportunities and keeps the Republic competitive in the areas that matter most. Prime Minister Goh Chok Tong told Singapore's
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  • Page 1 Advertisements
    • 289 1 Cassette Receiver K1 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore: Phone 235 1333 Kuala Lumper Phone 75/ 0233 Penang Phone 615 985/619 014 Jakarta Phone 3/4 085/380 14/2 Ad Marketing 11.15 Money Changer Rates 29 Weather 29 Aircraft Schedule 29 Money Market 27 World News 11 Commodities 28 Regional
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    • 115 1 J Bigger bonuses or higher increments, Pg 2 BRUNO MAGLI '-'-A MY BRUNO MAGLI COLLECTION Sole Agent: Marie* Marketing Pte Ltd Tel 734 %9b fax: 737 {>892 Boutiques: Centrepoint *<'1 JO Tel 717 4509 Forum Calleria #01 46 Te! 732 8961 )jjen Daily from 10.00 am to 8 00pm Corners:
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  • HOME NEWS
    • NEWS ROUNDUP
      • 74 2 AN ENVIRONMENTAL SEMINAR on responsible care is being organised by the Singapore Chemical Industries Council. Responsible care is a programme that began in the US and focuses on how chemical companies can better manage chemicals for public safety, health and the environment. Among the aspects
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      • 97 2 SINGAPORE AIRLINES is offering two undergraduate scholarships to bright Malay/Muslim students at any local or ieputable overseas universities. In an agreement signed with Mendaki on April 23. the local scholarship includes a 54.000 allowance and approved tuition fees. The overseas scholarship provides tuition, examination and
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      • 18 2 PARLIAMENT will reconvene on May 7 at 12:30pm. the Clerk of Parliament said yesterday.
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      • 63 2 NG POCK TOO, chairman of the Government Parliamentary' Committee on Defence and Foreign Affairs, and his committee members visited the Pulau Tekong Infantry Training Depot yesterday as part of a familiarisation tour of Mindef and the SAF. The visit allowed the GPC-DFA to observe the
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    • 391 2  -  By Salil Tripathi SINGAPORE companies have shown interest in refurbishing and undertaking major construction work at Hotel Russia, the Soviet Union's second-largest hotel. This is possible because of a major shift in Soviet policy, which allows wholly foreignowned companies to operate
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    • 374 2  -  NTUC 7th Triennial Delegates' Conference By Chuang Peck Ming IF EMPLOYERS want to be stingy with bonuses, then unions will have to ask for higher pay increments, labour leader Lim Boon Heng said yesterday. Bosses will have to choose between flexible bonuses or rigid built-in
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    • 173 2 US-BASED Bridgeport Machine will shut down its 13-year-old Singapore plant on May 1. Peter Capp, international sales director of Bridgeport, said the group was closing its local operations to concentrate on its businesses in Leicester and Connecticut in a move to cut costs. He
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    • 144 2 EMPLOYERS are hoping that the built-in pay rise this year will be loner than the 8 per cent given out last year. The increase had to be moderate because wages rose faster than productivity in the past two years, Stephen the president of the
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    • 263 2  -  By Lilian Ang ABOUT $5.5 billion worth of retrofitting contracts in the local construction market are likely to be given out to contractors over the next five years. Of this amount, about S3 billion will come from nonpublic housing retrofit projects. The
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  • Page 2 Advertisements
    • 334 2 E&a THE MULTI-AWARD WINNING CITROEN XM. VERY BEAUTIFUL. VERY INTELLIGENT. The an number January looks like no other For a ease you to more a any no matter how The by other an entirely compounded performance ease moment you get in. Most certainly it will make firm friends a Citroen
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 445 3  -  By Dexter Lee PROM FT Berhad has invested I'SSI.7 million (SS3 million) to raise its stake in listed New Zealand company Perry Dines Corporation, which is controlled by the familv of Singapore hotelier Ong iieng Seng. Early this month, Kuala lumpur-based
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    • 422 3  -  By Salil Tripathi HOTELIER Ong Beng Seng is putting his Sydney Hilton on the market. The controversial Australian property was recently refurbished at a cost of $24 million. The 587-room hotel is part of Capital Centre, a 44level property in Sydney's prime retail
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    • 204 3  -  From Geoffrey Harris in MELBOURNE Till Oversea-Chinese Banking Corporation's Australian stockbroking arm is expanding through the takeover of another medium-sized brokerage firm. BOS Stockbroking Ltd. which is under the umbrella of (X'BC's Australian banking subsidiary. Bank of Singapore. will absorb the Sydney-based
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    • 538 3  -  THE HOCK LOCK SIEW COLUMN Bv SN Vasuki IT IS THE SEASON for bonus issues and the Stock Exchange of Singapore (SES) is once again taking a cautious approach. Two days ago. the SES rejected a propositi from CiK Goh Holdings, which wanted
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    • 244 3 THE judicial managers have written to BT to clarify a report on Electro Magnetic (S) Ltd in its April 20-21 issue entitled "Statement shows EMS has net surplus of $7.78 m". In their letter dated April 23. the judicial managers said that
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    • 194 3 THE STOCK Exchange of Singapore has asked the judicial managers of Electro Magnetic (S) Ltd for additional information following the release of the company's statement of affairs last week. In a letter to the judicial managers on Monday, the SES referred to the independent
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    • 296 3  -  By Lee Han Shih HOT ON the heels of OCBC Bank's Waterside condominium. another huge project is coming up in the Tanjong i Rhu area. The developers are Straits Steamship l and (SSL) and I its sometime partner DBS l and, two government-back-
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    • COMPANY BRIEFS
      • 124 3 BANK OF COMMERCE Bhd's merger with United Asian Bank Bhd. approved by the former's shareholders yesterday, is expected to be completed by Aug 31. 1991, Bank of Commerce chief executive Vlohamed Nor Yusof said. He said the merger, the first of its kind
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      • 99 3 PLANTATION-BASED Guthrie Ropel Bhd is optimistic that it will be able to achieve better profits this year given the fact that palm oil prices are forecast to be. on average, higher than those realised in 1990. its chairman Gen (Rtd) Tan Sri Mohd Ghazali Haji Che Mat
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      • 65 3 SUNGEI WAY Holdings said group pre-tax profit for 1990 rose 93 per cent to M 520.5 jniliion from MS 10.6 million on a 25 per cent rise in turnover to MS 163 million from MS 130 million. The company said that main contributors were the
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      • 50 3 THE WORKSHOP on mergers, acquisitions and alliances in banking and financial services, organised by the Malaysian Association of Merchant Banks, originally scheduled for April 22-24. has been postponed to May 29-31. The three-day workshop will include a case studv on the merger of D&C Bank and L'MBC.
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      • 53 3 IN THE ISSUE of April 23. 1991. it was wrongly reported that Jurong Engineering Ltd had established an audit committee with Messrs S Chandra Das. Chee Keng Soon and Yasuhi Konii as members. The appointments pertain to Jurong Shipyard Ltd. not Jurong Engineering Ltd. We are sorrv
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  • Page 3 Advertisements

  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 70 4 HQNGKONG-LISTED FP Special Assets Ltd (FPSAL) announced plans for 10 mutually contingent transactions which would result in Mr Richard Poon. who controls Asia Standard International Ltd, gaining control. Mr Poon will sell his 42.7 per cent stake in Asia Standard to FPSAL in exchange
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      • 69 4 SWILYNN International Holdings' proposed one-for-four rights issue to raise HK5224.5 million (5551.63 million) has received mixed reviews from various brokerages, according to a report in the South China Morning Post. The fund-raising exercise, at HKS2.SO a share, has been viewed favourably by Cresvale Far East
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      • 54 4 AUSTRALIAN Consolidated Investments Ltd (ACIL) has sold 100 million shares, or 6.7 per cent of Mr Kerry Packer's Nine Network Australia. ACIL executive director Colin Henson said. ACIL. formerly Bell Resources, still 230 million shares or about 15 per cent of Nine, ftontrolled by
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      • 59 4 WITSUBISHI Oil plans to participate in oil exploration projects in Vietnam, the first Japanese firm to do so during the US economic embargo against that country. A company spokesman said: "European oil firms have already moved into that area, and we would like to follow
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      • 45 4 MATSUSHITA Electric Industrial Co Ltd will supply notebook computers to Safari Systems for sale under Safari's brand name, a Matsushita spokesman said. Safari Systems is a joint venture between Marubeni Corp's Marubeni America Corp unit and AT&T's computer systems unit.
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      • 39 4 HEAVY COMPETITION in the camcorder business prompted Matsushita electronics, Japan's largest electronics manufacturer, to announce on Tuesday the development of the "world's lightest camcorder", a machine that weighs (10 gm) lighter than Sony's lightest model.
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      • 56 4 A NEWSPAPER company owned by a Korean resident of Japan was declared insolvent on Tuesday after failing to honour a 20 billion yen (*****.5 million) promissory note. Teikoku Data Bank Ltd said Kansai Shimbun, an Osakabased publisher owned by Korean businessmen Ho Yong Chung, failed to meet
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    • 374 4  -  By C K Tan HILTON International Corp (HIC). which currently has 27 hotels or on-going projects in Asia, Australia and the Pacific. has plans to add another 10 hotels by 1995. four of them in Japan. Japan Hilton Projects Development Co (JHPD). which
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    • 561 4  -  Brokers believe other companies may follow suit From Maggie Ford in JAKARTA FOREIGN investors have welcomed the decision of four Jakarta-listed companies PT Tigaraksa. Pt Petrosea. Pt Astra Graphia and PT United Tractors to raise additional capital by listing new
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    • 143 4 JAPANESE computer and telecommunications giant NEC is adopting a new marketing strategy of attracting compatriot companies with branches and joint ventures in Thailand in order to hoost its sales bevond the one billion thai baht (SS69 million) mark this vear, says the Bangkok
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    • 278 4 Move reflects confidence: MD§ DAIWA Securities has formed a Hongkong equities broking subsidiary, says a report in the South China Morning Post. Daiwa managing director Wataru Yamaguchi said on Monday that the move reflected the group's confidence in the territory and a long-term commitment
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    • 190 4 THE KVAERNER group one of Norway's leading industrial enterprises sees Indonesia as a strong potential market in South-east Asia in the coming years, especially for its mechanical engineering, engineering consultancy, shipbuilding and shipping services, reports the Jakarta Post. Jon Silvert Nielsen, the executive vice-president
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    • 491 4 HK airport's continuing controversy Reuter THE ARCHITECT of an al- tentative to Hongkong's conf troversial HKSI27 billion (5528.9 billion) airport plan told Chinese leaders that awarding the project to a pri- vate sector consortium might be a way around the
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  • Page 4 Advertisements
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    • 302 4 NEC in talks to buy French computer giant Pg 6 29 May 1991 Hilton International Jakarta 6 Juno 1991 Holiday Inn Parkview Singapore An Important One-Day Update by our The panelists are authoritative panel from the Indonesian Directorate General for Customs Excise T L Yuosuf as well as from industry
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  • Page 5 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • 443 6 NYT IN AN aggressive effort to reclaim its role as the standard setter for personal computers, IBM on Tuesday slashed prices and introduced models based on Intel Corp's latest microprocessor. It said it would grow faster than its industry rivals for the
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    • 396 6 Acquisition of no more than lOpc NYT NEC CORP, one of Japan's largest computer makers, on Tuesday said it was negotiating with Compagnie des Machines Bull about buying shares in the faltering French computer giant.. NEC offered few details but a
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    • 163 6 Reuter McDONALD's Corp, reporting record first-quarter results, said it expects the second half of the year to be even stronger. Mr Jack Greenberg, senior executive vice-president and chief financial officer, said, M I believe that 1991 will be a good year, and the second
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    • 201 6 Sales of tobacco and food up Reuter RJR NABISCO Holdings Corp said it posted its first profit since the 1989 leveraged buyout on increased sales in both its tobacco and food segments. "These first quarter results reflect the progress we've made over two
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    • 227 6 NYT BETHLEHEM Steel Corp, the number 2 steel producer in the US, reported a firstquarter loss of U5539.2 million (SS69 million) on Tuesday, saying the recession had reduced demand for steel sheet products that go into automobiles and appliances. Like others in the
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    • COMPANY BRIEFS
      • 92 6 DAMAGE from the Exxon Valdez spill will be between US$3 billion and US$B billion, an economic consultant said, calling a proposal that Exxon pay US$l.l billion in a civil and criminal settlement a bargain for the firm. "The academic economists and other
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      • 66 6 LEADING British construction group Tarmac said on Tuesday that 1990 was its hardest year in more than a decade, as it announced a 49 per cent fall in profit. The construction and quarrying giant's taxable profit fell to £190.7 million (***** million), from US$377 million
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      • 65 6 GERMAN chemical conglomerate Hoechst on Tuesday reported a steep plunge of 20 per cent in its 1990 net profits, resulting from the weak US dollar and rising costs of raw materials. A company spokesman said group net profits plummeted to 1.7 billion German marks (551.93 billion) in
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      • 61 6 LONrX)N'S largest hotel chain. Mount Charlotte Investments pic. recorded a 48 per cent rise in its trading profit in 1990, it said in a statement here on Tuesday. Wholly owned by New Zealand-based Brierley Investments Ltd. the hotel's trading profit for calendar year 1990 was £90.1 million
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  • Page 6 Advertisements
    • 215 6 BANKING, FINANCE AND INSURANCE 1991 A Business Times Special Supplement The theme for this year's supplement is "Focus: Asia", reflecting the growing economic and financial muscle of Asia as well as its importance as one of the world's fastest growing markets. Target date for publication is May 30. Among the
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  • FINANCIAL NEWS
    • 401 8 FT THE CHAIRMAN of the US Federal Reserve, Mr Alan Greenspan, has strongly criticised Treasury proposals requiring foreign banks to set up separately capitalised local holding companies if they wish to take advantage of the opening up of US financial services. Mr Greenspan
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    • 572 8 FDIC says amount probably only half of that previously calculated NYT AMERICA'S senior auditor has found that the fund that protects bank deposits is in substantially worse shape than has been reported and mav be worth onlv about half
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    • 294 8 AFP A PRIVATE Hungarian company is negotiating to set up a joint venture bank in Phnom Penh that would provide all the services expected of a major international bank, a top diplomat said. The Nawa group had been negotiating for
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    • SMALL CHANGE
      • 103 8 JAPAN'S Finance Ministry (MOF) may scrap a rule that automatically cancels equity-linked financing if the shares of the issuing company rise around 40 per cent during the three months before the issue, a ministry official said. The regulation was designed to prevent
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      • 88 8 NATIONAL Westminster Bank's results for 1991 will reflect continuing difficult trading conditions, chairman Lord Alexander said. Asked whether this might mean a deterioration in results for the first half of the year. Lord Alexander said: "It is difficult to see the performance in the first half
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      • 94 8 SALOMON Inc reported record first-quarter net of USS273 million, citing excellent trading results in virtually all its products and geographic areas. The results were more than double Salomon's 1990 first quarter net income of Si 19 million. The company's Salomon Brothers brokerage unit posted record
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  • Page 8 Advertisements
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  • Page 8 Miscellaneous

  • THE REGION 1
    • 323 9 Move to ensure project is free of corruption, says caretaker PM AFP THAILAND'S government decided on Tuesdav to delav a US$6 billion (5510.5 billion) joint venture with British Telecom for re-evalua-tion, to make sure it had not been tainted by corruption. Prime Minister
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    • 429 9 ADB urges further trade liberalisation Reuter THE Philippines has made a sharp economic recovery since it almost ran out of foreign exchange last December, but reforms are needed to sustain the turnaround, economists say. "We have an important improvement in a number of
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    • 470 9 Reuter MYANMAR's opposition has given in to army pressure to replace dissident Aung San Suu Kyi as leader but will feel only symbolic loss as she has been under house arrest for nearly two years, diplomats said yesterday. In a
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    • 301 9 Reuter JAPANESE investment in Hongkong topped US$9 billion (S$ 16.02 billion) in the first half of fiscal 1990 (AprilMarch), making the British colony the second largest target for Japanese investment in Asia after Indonesia. Hongkong's IX'puty Director of Industry, Wilfred Wong, said yesterday that
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    • 423 10 American industries want China and three others cited as violators Reuter THE US is facing increased pressure to cite China and three other Asian countries for failing to protect American patents and copyrights on films, computer software and other intellectual properties. A decision by American
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    • 361 10 Reuter VIETNAM'S economy is growing only slightly faster than its population, and plans to accelerate it hinge on economic reforms and foreign financing, says the Asian Development Bank (ADB). The country needed to battle inflation, seen at over 100 per cent this
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    • 214 10 UPI VIETNAM'S oil industry may soon receive a much-needed boost as Mitsubishi Oil Co has confirmed its support for an international project to develop that country's undersea oil resources. The project was to be carried out by a consortium of Japanese and European oil
      UPI  -  214 words
    • NOTE BOOK
      • 56 10 US VICE-PRESIDENT Dan Quayle will make an official visit to Japan, Singapore and Indonesia at the end of next month. The White House announced on Tuesday that between Mav 18 and 24. Mr Quayle would be meeting the leaders of the three nations to discuss
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      • 81 10 CANADA, which recently announced a M 534.1 million (5521.9 million) financial suppon plan for Malaysia's industrial development over the next five years, has also set up a M 58.75 million Malaysian Enterprises Programme to assist medium-sized and large Malaysian enterprises. Bildstein. project director of Enterprise
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      • 69 10 THE PHILIPPINE SENATE is likely to reject a treaty extending the stay of US military bases in the country unless Washington makes major concessions, says Senate present Jovito Salonga. "If the American panel does not budge, then I do not think this treaty will pass" he
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      • 69 10 INDONESIA yesterday said any extension to the Multi Fibre Arrangement (MFA). which regulates international trade on textile and garments, should be as short as possible. The MFA. which expires on July 31. was to be extended in light of the failure in December of the Uruguay
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      • 73 10 THE CASH-STARVED Cambodian government may introduce bonds as a way to raise money. Cambodian central bank president Cha Rieng said in Phnom Penh on Tuesday that Patriotic Bonds had been given a day-long test run about two months ago. The bonds, starting at 5.000 rials (about
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  • Page 9 Advertisements
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  • Page 10 Advertisements
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  • THE WORLD
    • 538 11  -  US unlikely to seek creation of regional bank From Neel Patri in WASHINGTON THE WORLD Bank and the International Monetary Fund will be taking steps towards a role in the reconstruction of Kuwait and Iraq at discussions during meetings later this
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    • 259 11 Reuter BIG BUSINESS, traditionally a keen supporter of Conservative governments in Britain, bit back at the legacy of 12 years of Thatcherite economics on Tuesday. Mired in a sharp recession, business leaders including the chief of oil giant British Petroleum, criticised
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    • 181 11 Reuter BRITAIN'S Conservative government threw off its biggest political burden on Tuesday, announcing an alternative to a hated local tax imposed by former prime minister Margaret Thatcher. Environment Secretary Michael Heseltine told Parliament that the poll tax, brought in by Mrs Thatcher as a
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    • 130 11 Reuter THE HEAD of Gatt has called for movement in the five-year-old Uruguay Round of global trade talks to reward countries which have liberalised commerce unilaterally. Arthur Dunkel, directorgeneral of the 101-member General Agreement on Tariffs and Trade, told the Gatt ruling council in Geneva
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    • 372 11 Reuter ATTEMPTS BY Kremlin leader Mikhail Gorbachev and his conservative military allies to regain control of events in the Soviet Union could make civil war more likely, says a report published in London this week. Pressure by radicals for reforms in the armed
      Reuter  -  372 words
    • 264 11 Reuter WITH the Soviet economy in deeper crisis than ever, some US analysts say the West should otter at least technical advice to help Moscow tackle the herculean task of switching from a communist system to a market economy. These analysts say
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    • WORLD WATCH
      • 87 11 SOUTH KOREA'S overseas investment plunged to U*****.5 million (*****.3 million) in the first quarter of this year on an approval basis, down 64 per cent from U*****.2 million in the same period of last year. A Bank of Korea official in Seoul said yesterday,
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      • 45 11 CHINA declared its loudspeaker war with Taiwan over yesterday. The official New China News Agency said loudspeakers from the south-eastern province of Fujian would finally fall silent yesterday after blaring propaganda across the narrow Taiwan Strait to Nationalist-ruled islands for decades.
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      • 122 11 THE THIRD BIGGEST ITEM in the US$l.45 trillion (552.58 trillion) federal budget next year won't buy a single missile, cover one elderly person's Social Security cheque or pay any bureaucrat's salary. Instead, the US government will spend about US$2lO billion in 1992 simply to
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      • 71 11 JAPAN'S productions of cars, trucks and buses last month came to 1,178,366 units, down 4.5 per cent from a year earlier. The Japan Automobile Manufacturers Association said yesterday that it was the first year-on-year monthly decrease since June last year. It attributed the decline to a
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      • 65 11 BANGLADESHI and Indian officials began talks in Dhaka on Tuesday on a long-standing dispute over sharing water from their common rivers. "Deliberations on the first day have been fruitful and constructive," the leader of the sixmember Bangladesh delegation at the two-day talks, Abdul Malik, said. The talks
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      • 62 11 TWO WHOLESALE MARKETS will be established in China in an attempt to stabilise the price of cotton yarn on the free market. An official of the Ministry of Textile Industry in Beijing told the China Daily newspaper in an interview published on Tuesday that "by
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  • 466 12 EDITORIAL FATTENED on pounds of innocent flesh, the Shylocks of today still inhabit a shadowy world, although their dark days are numbered. The unscrupulous profession is centuries old, as demonstrated by Shakespeare's epic drama The Merchant of Venice, which was probably the first expose. Even today,
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  • WHAT THE OTHERS SAY
    • 184 12 THE SETTING up of "safe havens" by allied forces for Kurds in northern Iraq is good news. But something which underpins the "safe havens" exercise is open to question. The United Nations Security Council's Resolution 688, passed early this month, forces Iraq "to allow immediate access
      184 words
    • 166 12 AFTER A long battle by environmentalists to create awareness about the state of the Earth and the atmosphere, an increasing number of countries now commemorate Earth Day. But this realisation may come too late, judging by the rate trees are felled, the pollution of rivers, seas and
      166 words
    • 158 12 WITH THE recent visit by Soviet leader Mikhail Gorbachev, South Korea has scored yet another victory' in its economic and diplomatic relations with Russia. This can be seen as another success in isolating North Korea. It may also be a factor which will compel North Korea to expedite
      158 words
  • REGIONAL VIEWPOINTS
    • 116 12 THE MINISTRY of Transportation has a special directorate in charge of stipervision of operations of transportation vessels on lakes and rivers, including ferries crossing inter-island straits. Ideally, of course, this directorate should have a large corps of inspectors with modern communications in order to maintain the
      116 words
    • 173 12 PAINTING ALL Third World countries with one brush is unfair. There are countries that have better controls than others. But none of them is going to log more than they need to it is not in their interests. If foreign environmentalists want to help they can contribute
      173 words
    • 196 12 SOON after the Anand administration came to office, it ordered all the ministries and state enterprises to submit details of their major projects for a review by the Cabinet in order to clear all doubts about their feasibility and suitability. The Telephone Organisation of Thailand's (TOT) mega-pro-ject. which
      196 words
  • 1078 12  -  Eighteen months after the end of communist rule. Eastern Europe is discovering that the road to capitalism is fraught with unemployment, bankruptcy and misery. Eric Ellis reports from Prague Eric Ellis The writer is a London-based journalist who contributes' occasionally to BT THE MURDER last month
    1,078 words
  • Page 12 Advertisements
    • 220 12 More Than 24 Mega-Bucks of contracts to be secured at The Biggest Microcomputer Event in South East Asia August 22 25,1991 World Trade Centre, Singapore Many hardware and software vendors participate in exhibitions to establish vast contacts which they hope will turn into contracts. At COMTEC, the only Proven and
      220 words
  • Page 12 Miscellaneous
    • 67 12 DOONESBURY BY GARRY TRUDEAU THtUNTT DID GOOD, RAY. MP FOR A UHIIB, ANYUMS MH TUB itfih ONt OF HAVB BBBN PROUD U/BKJItfP &&NBeRS 9TARIW COMING BACK HBY, HCAR TUB RB!IXJBBS TANKS (MR A wee AND A AND TUUN6 US ABOUT Thß THOU' ABOUT NANCY TOLV HAS AMAY, AT NIGHT-TANKS SANDS
      67 words

  • ANALYSIS
    • 831 13  -  Charles Goldsmith reports on a Japanese accounting practice for art sales which the EC claims makes Japanese imports from the community look bigger than they actually are Charles Goldsmith IHT THE SALE of a brilliant, swirling Van Gogh landscape to a
      IHT  -  831 words
    • 1033 13 ZHANG QING, China's Ambassador Extraordinary and Plenipotentiary to Singapore, does not duck tough questions. He does not need to. China has now won legitimacy in a once-suspicious region by establishing diplomatic relations with all Asean countries except Brunei. Negotiations are in progress with the Sultanate
      1,033 words
    • 542 13 IT WAS almost natural that Zhang Qing was appointed China's ambassador to Singapore. Having spent half of his professional life as a diplomat in many South-east Asian countries, he was the right man for the job. The other half of his working life has
      542 words
  • Page 13 Advertisements
    • 119 13 o^^riginalMrlG^ Paintings by Beijing Artist Ren Jianhui I April 25 (Thu) to April 28 (Sun) 1991 I 11am —7pm I #03-18 Orchard Point Exhibition Hall, 160 Orchard Road I List of Artists I IVu C hangshuo Zhang Pa/huan>> Wang Vuctao luYanshjo IVu l.uan/hong Shi Hu H IVangYiting S«*nVim«> I Vang
      119 words

  • ADVERTISING & MARKETING 1
    • 507 14  -  Corinne Kerk thought the launch of a new spreadsheet was going to be one dull, heavy-going affair until she heard a vroom Corinne Kerk Boxing fans who turned up at the Raffles Ballroom on Monday expecting a battle of the fists were treated instead to a "war"
      507 words
    • 523 14  -  Michael Lev reports on Leo Burnett's view that comparative advertising can result in 'fresh, different and superior advertising' Michael Lev NYT LAST WEEK, the Leo Burnett agency in Chicago invited employees to a screening of some of television's best comparative advertising
      NYT  -  523 words
    • 323 14 THE PRESTIGIOUS Type Directors Club of New York has included a Singapore poster in its Best of Advertising Typography 1980-1990 Show. Only 46 winning entries were selected for the exhibition, which will tour the US, Australia, Canada, Europe, Japan, South America and New Zealand. The poster, created by
      323 words
    • 401 15  -  Want maximum mileage for your ad? Well, first, know that what you have always believed may not be true. Corinne Kerk reports Corinne Kerk COMMONLYHELD beliefs that advertisements in newspapers and magazines should be placed in certain positions in order fo gain readership are
      401 words
    • 256 15 Reuter JAPAN'S dry beer war is fizzling, and upstart Asahi Breweries Ltd has emerged the clear victor. "The trend has petered out. Asahi is the only brewer that's making any effort to promote dry beer now," said Philip Hall, an industry analyst at
      Reuter  -  256 words
    • 375 15  -  Genevieve Cua finds a fashion company putting its money where its mouth is, in its concern for civic consciousness Genevieve Cua HONGKONG-based Giordano aims to be a household name in casual wear, but it also wants to be known as a caring
      375 words
  • Page 14 Advertisements
    • 107 14 w here else but H ill I 1 111 i^c 1 11H I I jRIW® V m m^.:M- M lush tropical greenery of 111 r •MM I<. A jr# :Tn* I#> 1 L 2? jk^HflHii m, M ft I •*«*'r-MP«W service you have come to P^^^Bv 1 f rSI fIRH
      107 words

  • Page 15 Advertisements
    • 348 15 1 EXPAND YOUR! BOUNDARY YES! Expand your market boundary by being at pi M//v Techno-Soviet'9l where you can have direct business links r j with Soviet industries. |j j.j I Soviet Science and Engineering Science standards y A rank highly in the world where a third of the World's scientific
      348 words
    • 346 15 AUSTRIA i STYLE '92 SINGAPORE May 15th 17th, 1991 2.00 p.m. 6.30 p.m. ANA Hotel Singapore *»4 Fabrics Garments Accessories For the twelfth consecutive year, leading designers and manufacturers from Austria will present the latest fashion matenals and accessories to buyers and agents in South East Asia Please indicate the
      346 words

  • SPORTS 1
    • 668 16 The man who won the Wimbledon five years in a row is having trouble making a comeback AP "VIVE LE ROI, Long Live the King," chanted a bunch of groupies as Bjorn Borg headed towards centre court on Tuesday for
      AP  -  668 words
    • 595 16 UPI SOMEONE has finally invented a user-friendly barbell. Forget the ugly metal bars with chinky disc weights and grips that require thick, padded gloves or else create callouses. The oldest piece of exercise equipment in the world has been updated, upgraded and with a specially designed
      UPI  -  595 words
    • 560 17 AP EVANDER Holyfield and Mike Tyson haven't agreed to fight yet, but their camps already are engaged in a war of words. Tyson's promoter, Don King, started the verbal volley on Tuesday with a barrage of challenges and charges against Holyfield and his three
      AP  -  560 words
    • 422 17 Reuter FRENCHMAN Christophe Auguin won the BOC Challenge single-handed round-the-world yacht race on Tuesday as countryman Alain Gautier, thwarted by two torn sails and calm seas, hobbled to the finish. Auguin completed the circumnavigation at 0511 GMT on Tuesday after an astonishing sprint which erased
      Reuter  -  422 words
    • SIDE LINES
      • 63 17 RESULTS of yesterday's Epson Singapore Super Tennis championship at Kallang: In what must be the biggest shock of the tournament so far, Leander Paes of India beat Wally Masur of Australia 6-2, 5-7, 7-5; Jason Stolenberg of Australia beat Richard Krajicek of Holland
        63 words
      • 70 17 SPAIN will compete in the International America's Cup Class World Championships next month in a boat borrowed from New Zealand. The Spanish challenge syndicate. Desafio Espana, successfully negotiated the deal to borrow one of New Zealand's three new America's Cup class boats after their own
        70 words
      • 48 17 BRAZILIAN SOCCER GREAT Zico, named as his country's first Minister of Sports 13 months ago, resigned on Tuesday and was replaced by a former volleyball star. The 38-year-old Zico, whose given name is Arthur Nunes Coimbra, said he had stepped down for personal reasons.
        48 words
      • 53 17 AN APPEALS PANEL on Tuesday upheld the two-year drug-related suspension of Randy Barnes, the world recordholder in the shot put. Barnes, 24, tested positive for methyltestosterone. a banned substance, at a meet in Sweden on Aug 7, 1990. His suspension began last November and runs :hrough
        53 words
      • 82 17 THE NEXT COMEBACK in boxing may be by former heavyweight champion Leon Spinks. who is contemplating a tout next month against an orthopaedic surgeon. At 37, Spinks, the 1976 heavyweight Olympic gold medalist, is younjer than Larry Holmes, 41. and George Foreman. 42, who "ought comeback bouts
        82 words
      • 52 17 THE SOVIET UNION demolished Team USA 12-2 on Tuesday night and joined Canada with a perfect 4-0 won-lost record in the World Hockey Championships. The Big Red Machine, as the Soviet team have been dubbed, hit top gear in the first period, romping to a
        52 words
  • Page 16 Advertisements
    • 155 16 GOOD IDEAS KEEP COMING UP Inj SS# F Or tlis much added. Cassette computer computer Recorder TTIP TIPW 10-8200 Manager Spreadsheet. Money Planner To memory, language, programming, and gpme cards With lots more on the way. Now Sharp expands its Electronic Organizer range And you can ink up with IBM-compatibles,
      155 words

  • Page 17 Advertisements
    • 389 17 Takeaways For Those Who Are Power Hungry. l Great things come in little packages. difficult lighting conditions. Consider for a moment, our top-of-the- I Jf fM "1" Then there s the PC AX ./.J\ line Epson PC AX3/33 Portable. It's L jhiaM Portable. A neat little package features as a
      389 words

  • Page 18 Advertisements
    • 217 18 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE A Gift Of Hope FOR EVERY 'eviarf WATER ORDERED, WE'LL DONATE $1 TO NATIONAL KIDNEY FOUNDATION. You can help National Kidney Foundation raise funds for subsidised dialysis t J V treatment by drinking Evian
      217 words
    • 389 18 THE WALL STREET NIGHT EXCLUSIVELY AT EVERY THURSDAY MONEY, MONEY, MONEY Are you fed up with The Fed? Down on the DM? Then it's time for a break at CHINOISERIE Bankers and brokers this night is your night. Just show your business card and you gain free admission. Lots of
      389 words
    • 250 18 HARD ATTACK HITS SUBWAY! Yes! Hard Attack is now wowing the crowds at Subway. Be in the thick of the action tonight! Get a free round of the same drinks on your receipt if it's picked in our kicky draw at 10 pm II pm& 12 midnight Plaza Hotel SpWAr
      250 words
    • 261 18 SECRETARY OUTWITS BOSS Secretaries' Week Lunch onpqft April 22 27 Noon 2.30 pm (Guests to be seated by 12.30 pm) C ,T£T S3B per person Secretary —SC~ (D CJtnMwer' tnktn*latriiap«w O*m Orchard Road San«apore 0921 Td 7)***** JkJIW jL ui Jfl surprises* await your Secretary A sumptuous lunch with fashion
      261 words
  • Page 18 Miscellaneous
    • 787 18 TELEVISION AND RADIO TUrt MrtlTrn mirAln+mii 8,012 business on radio X Ilv XXwYt !j ICY V/lLltlVjll '-00 AM CNN International (L). T/yteMm miLrngTacholl! Mm SSt (Japanese drama. BBC, 89.9 mHI in VHF Band N ®-30 Clom. Anderson puts Purcell in M). 7.10 am. 9.25 am. 1.30pm, V 5.30 PM CNN
      787 words

  • LIFESTYLE
    • 633 19  -  Peter Passell on the implications of a paper on global warming Peter Passell NYT The latest word on the greenhouse effect, from a National Academy of Sciences panel headed by Daniel Evans, a former governor of Washington, will surely not be the last.
      NYT  -  633 words
    • 392 19 CHATTERBOX ACADEMY Award-winning actress Greer Garson will be given an honourary Doctor of Arts degree by Southern Methodist University at the university's 76th commencement exercises. The 82-year-old actress, who won an Academy Award in 1942 for the title role in Mrs Miniver, will receive the
      392 words
    • 420 19 No smell, no fuss and it cuts cholesterol Once thought to be good only for warding off vampires, the odorous garlic has gained a place in the crowded hallways of natural cures NYT GARLIC is here. Not the clove. The pill. It's odourless. It's tasteless. And it could bring down
      NYT  -  420 words
  • Page 19 Advertisements
    • 240 19 AND ENTERTAIN A SECRETARIAL TREAT APRIL 22 TO 26, 1991 Treat your secretary to a superb lunch to show your thanks for all her assistance during Secretaries' Week. Set Lunch: S$ 18.50 Per Person "••"•faTeppariyaki Special: 5540.00 Per Person Buffet Lunch: S$ 51.00 Per Person jj^ ANA HOTEL PRICES SUBJECT
      240 words
    • 16 19 from 22nd MARINA BAY CLUB 6 Marina Green, Singapore 0101 For fwervaiiom piene call- 221*2111 1
      16 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4858 20  -  By Diana Oon BUYING support in the last hour of trading boosted prices on the local market yesterday. The benchmark Straits Times Industrials Index climbed more than 10 points to close at 1,536.67, after a weak start earlier in the day. Dealers said New York's
      4,858 words

  • 4357 21 Main Board FELS V)* 705 > 30 4 4% FELSWt 312 +24 +8.3% SSE Foreign 306 +21 +7,4% SSF 25« 267 +21 +8 5% NatSteel 1030 20 2.0% Semb Shipyard 735 +20 +2.8% S Aerospace F 340 +20 6.2% Avimo 20* 208 +18 +9.5% S
    4,357 words

  • BT SHARE INFORMATION SERVICE
    • 230 22 Company Date Year Group Net Net earnings Cross ann to profit/loss (L) per share dividend ('000) (cents) focal Finance Apr 23 Dec 90 $3.1871S2 701) 86(73) H Negarj Apt 23 Dec 90 $1 096($756) 146(101) 10(10) GE Life Apr 22 Dec 90 $36 724($29,453 756(60 6 20(18) 0UE
      230 words
    • 294 22 Company Date HaH-ytar Group pro-tax latarim ann to profit/losi (I) dhridond (000) limes Pub Apr 19 Feb 91 J25.132($18 904 4(4) Antah Hldgb Apr 10 Dec 90 M$18 0 75(114.587) Hump Emas Apr 5 Ian 91 M$5 333(M$7.552) 2(2) Rashid Hussain Apr Nov 90 M$21 004( J10.862) Seal
      294 words
    • 619 22 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend (000) (cents) Perlis Plant Apr 15 Dec 90 M$204.043($156.667) 52 1(40 5) 16(16) Jurong Eng Apr 12 Dec 90 $4 424(13.6731) 15 7( 15(7 5) MMC Apr 12 Jan 91 M$80,866(1120.476) 11 2(162)
      619 words
    • 416 22 Apr 23 Singatronics Ltd's subsidiary, Singatronics Holdings Pte Ltd. has changed its name to Singatronics Interactive Systems Pte Ltd with effect from April 15. Apr 22 Keppel House and its adjoining land, jointly owned by Straits Steamsl*p Land and Keppel Corporation, has been sold to Eu Yan Sang
      416 words
    • 1496 22 Current Ex Books Date Total far Total far payment date close payable the year last year Aetna 5* TE Jun 5 )un 17 Jul 1 10%TE Amtefc Ent 6"cTE(l) Apr 11 Apt 17 Apt 26 61 TE 121TE Avimo 51TE Feb ?5 Mar 7 May 15 125%TE 25%TE
      1,496 words
    • 837 22 BONDS, LOANS WARRANTS CIC Nt Before 26/4/93 1 warrant plus $3 09 cash Causeway Loan Causeway Nt 2/10/89 to 20/10'94 1 warrant plus SO 77 cash or 1 warrant phis JO 77 nominal amount of loan stock Chan Notts Chan ftp Nt March 87 to 31 12 91 155 warrants
      837 words
    • 142 22 Company Rights Issue Dutop Est Restricted issue of $88 514m nominal value of 10% Convertible Redeemable Unsecured Loan Stock (CULS) 1991 19% issued on the bass ot SI nominal amount ot CULS tor every 3 ordinary shares of $1 each held at nominal value Ex-date Apr Books dose
      142 words
    • 470 22 Company Rights Issue Mcom Onefor two <a MSI 00 per sh*( Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MJO 10 each at MSI per share with 10m detachable TS* on the basis of 1 CRPS with 1 TSR for e»er> 4 CRPS Soft or One for
      470 words
    • 191 22 RECORD HIGHS LOWS BT Composite Index $j Industrials Index 1991 hifh: 1315 90 (19/4/91) 1991 15%fi7 110n 1991 S *****2 (16/191) SJf Jgg <? 9 1990 Nfh: U35 43 (16/7/90) 1990 1990 tow 981 07 09 11 90) J™ gj'g JJ22 1989 h«h: 1322 00 (28/12/89) 1M9 .J.?:? J 9
      191 words
  • Page 22 Advertisements
    • 89 22 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
      89 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 4237 23 Bernama THE RETURN of buying support, focused mainly on situational stocks, helped share prices in Kuala Lumpur to close firmer in moderate trading yesterday. The KLSE Composite Index rose 2.46 points to 590.84 while the Industrial Index was 6.83 points higher at 1.141.69. Gainers
      Bernama  -  4,237 words
  • Page 23 Advertisements
    • 370 23 BUSINES_S_riMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I. Alan Shue of Blk 868 Yishun St *****-91, Singapore 2776, have applied for a Public bouse, first class licence in respect of premises at M/s Easy Pub at 30 East Coast Road #01-14
      370 words
    • 299 23 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, L Christina Seow Geok Chin of No. 39 Mnbu Road, Singapore 1130, have applied for a Public house, first dan (extended) licence in respect of premises at M/» Frontpage Pub at 9 Mohamed Sultan Road, Singapore 0923, and that this application will
      299 words
    • 151 23 f OFFICIAL NOTICE 1 We, Syabas Oil Singapore Private Limited, hereby give notice that In consequence of the purchase of the ship hereinafter named, we have applied to the Registrar of Singapore Ships, under Section 417 of the Merchant Shipping Act (Chapter 179 of 1985 Edition) In respct of the
      151 words
    • 276 23 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF CHOON KEE PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of CHOON KEE PRIVATE LIMITED, duly convened and held at 4158 Jalan Besar,
      276 words

  • TOKYO STOCK EXCHANGE
    • 2222 24 Reuter UPI TOKYO STOCKS closed moderately lower yesterday after another day's thin trade. A wait-and-see attitude dominated, with a series of "Golden Week" public holidays starting next week, and a Group of Seven (G7) meeting. US GNP figures, and Japanese consumer price statistics
      Reuter; UPI  -  2,222 words
  • STOCK EXCHANGE OF HONGKONG
    • 2128 24 Reuter HONGKONG stocks, up sharply on an early technical bounce after steep losses earlier in the week, yesterday ended higher but late profit-tak-ing partly eroded gains. "We saw quite a bit of bargain-hunting by local and overseas institutions," a broker at a British
      Reuter  -  2,128 words
  • Page 24 Advertisements

  • REGIONAL STOCK MARKETS
    • Asian markets finish generally firmer
      • 279 25 AUSTRALIAN shares closed firmer yesterday following continued support from overseas investors as the All Ordinaries Index closed up 8.0 points at 1,518.3. Some brokers cited concern over future developments in Hongkong as directing selected Asian investors to the Australian market. it's been a little quieter but there's been good
        279 words
      • 1330 25 Australia Apr 24 A Cents VolCOO) AC Minerals 60 1 ***** ACM Gold 29 3 3455 ANZ Bank 376 7 ***** Aberfoyle 405 2 184 AdelStm 13 1 ***** Advance Bank 524 4 262 Alcan 155 unch 454 Amcor 498 unch 3684 Ampol Ex 263 unch 2497 Argo 244 unch
        1,330 words
      • 849 25 THAI STOCKS closed slightly higher yesterday but the SET Index is trapped in a range just below a resistance point at 900. The index closed 2.15 points higher at 895.34 on turnover of 4.75 billion baht. Brokers said traders were concerned about possible protests on Labour Day, May 1.
        849 words
      • 560 25 PHILIPPINE share prices yesterday climbed slowly across the board, helped by a modest overnight rebound on Wall Sireet and brushing aside late profit-tak-ing in oil issues. "Trading wasn't really active. There was no compelling reason to buy. I guess it was more of an absence of sellers that brought
        560 words
      • 439 25 A WAVE of last-minute buying pushed Taiwan share prices to a higher close yesterday, but dealers forecast the market would continue to be unstable in the near term. The Weighted Index rose 74.65 points, or 1.3 per cent, to close at 5,806.74 compared with Tuesday's 5,732.09 finish. Turnover fell
        439 words
      • 736 25 SEOUL share prices fell in active trading yesterday, following a rally in the previous session. The Composite Index slid 5.21 points to finish at 632.63. Declines led advances 423 to 172 among the 715 issues traded. Volume reached 13.33 million shares valued at 179.977 billion won. "The market deeided
        736 words
      • 96 25 IN WELLINGTON, the share market had its best day for a week yesterday, as overseas investors bought into the leaders on what brokers said was a response to recent favourable economic indicators. "It's all the sort of stuff that overseas investors who know a bit about New Zealand
        96 words
      • 78 25 BOMBAY share prices ended mixed on Tuesday after strong institutional buying steadied a weak market, brokers said. The market opened subdued after the Reserve Bank of India, the central bank, tightened import curbs to conserve India's depleting foreign exchange reserves. It raised the cash margin on raw material imports
        78 words
      • 94 25 INDICES TURNOVER Close April 24 Previous SYDNEY All Ordinaries Index All Industrials Index .All Resources Index Turnover (million) 1,518.3 2.364.1 8730 184 06 1.510 5 2.351 3 868 6 NA 80 12 8 4.4 BANGKOK SET Index Turnover (million baht) 895.34 4.750 893.19 5.960 2 15 -1.210 JAKARTA Composite Index
        94 words
      • 351 25 In local currency In S$ In LS$ da> year day S year day year Apr 23 Index change change change change change change World 413 4 0.7 15.4 0.8 13.0 0.7 10.4 fEAFE 540 9 0.5 15.1 0.9 99 0.8 7.4 Europe 428.9 0.5 17.7
        351 words
  • Page 25 Advertisements

  • WORLD STOCK MARKETS
    • Dow ends three-day slide with 2.7-point gain
      • Article, Illustration
        1383 26 WTER what looked much like another poor day on Wall Street, stock prices moved slightly higher late on Tuesday, ending a three-day losing streak. "What we've seen here is a short-term sellofT," said Kenneth M Spence, director of technical analysis for Salomon Brothers. lhe market is now trying
        1,383 words
      • Article, Illustration
        743 26 LONDON share prices were lower at midday yesterday following mediocre performances in Tokyo earlier and on Wall Street on Tuesday. A lack of economic reports and market-moving corporate news left the market adrift, dealers said. At about noon (1100 GMT), the Financial Times-Stock Exchange 100share index was down 12.1
        743 words
      • 362 26 DUTCH shares opened mixed to a little higher yesterday but turned lower in early trading as concerted central bank intervention pushed the dollar lower, dealers said. At 0912 the CBS Tendency Index was 0.3 points lower at 95.1. The index had gained 1.3 points on Tuesday after falling in
        362 words
      • 308 26 IN FRANKFURT, shares showed sharp gains in the first few minutes of trade yesterday, but quickly slipped from their early peaks as follow-up orders failed to emerge. Volume had been quite heavy at the start, with foreign interest in blue chips driving prices higher, dealers said. The 30-share DAX
        308 words
      • 260 26 SWISS shares opened slightly higher yesterday as slim gains on the Frankfurt pre-bourse and in New York overnight supported sentiment. The SMI Index of leading shares rose 9.6 points, or 0.57 per cent, to 1,684.6 in early trading. Swiss interest rates were steady with the benchmark three-month Eurofranc rate
        260 words
      • 159 26 ITALIAN shares opened weaker across the board in sluggish trading yesterday, with computer maker Olivetti slipping as the market nervously awaits its fullyear 1990 results. Brokers said lack of any solid buying interest and position squaring ahead of today's Liberation Day holiday was depressing prices. "Trading volumes are nearly
        159 words
      • 168 26 BELGIAN shares opened slightly higher in calm trading yesterday. Groupe Bruxelles Lambert, second largest Belgian holding company, jumped 1.3 per cent on trade of 6,000 shares after publishing on Tuesday a 33 per cent rise in profits for 1990. "Otherwise it's very calm and likely to stay that way
        168 words
      • 176 26 FRENCH share prices opened fraction- ally higher yesterday, then drifted down in very thin early trade. The CAC-40 Index started at 1,782.12, up 0.29 point or 0.02 per cent from the previous night's close. At 0819 GMT the index was down 3.46 points at 1,778.37. Volume was light at
        176 words
      • 363 26 IN JOHANNESBURG, the stock market was firm but quiet in early trading yesterday, continuing to be buoyed by moderate interest in quality issues in the absence of any concrete reasons to drive prices either way, dealers said. By 10:00 am, the JSE All-Gold Index had crept up slightly to
        363 words
      • 276 26 TORONTO stocks closed mixed in slow trade on Tuesday, with blue chips recouping recent losses after poor US durable goods orders and some surprisingly better corporate results lifted stocks, dealers said. Gains in US bonds also helped stocks move higher. The Composite Index gained 10.82 to 3,502.39, with transactions
        276 words
      • 72 26 PRICES on the Stockholm bourse were mixed in moderate early trade yester- day, with a marginally weaker general index and slightly firmer blue chips. The Bourse All-Share Index fell 0.12 per cent to 1,053.40 in turnover of 156 million crowns. Blue chips were 0.45 per cent firmer. Dealers said
        72 words
      • 82 26 INDICES TURNOVER NEW YORK Close Apnl 23 Pmtow Dow Jones NYSE Financial SAP 500 Turnover (million) 2.930 45 2.927.72 2.73 153.74 153.53 +0.21 381.76 380.95 +0.81 167.84 165.0 +284 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.9658 2,5038 5206 1,954.4 +11.4 2,490.8 +13.0 403.0 +117.6 AMSTERDAM CBS Tendency Index
        82 words
      • 50 26 Vienna \pr 23 AncIi Akg I Inkling 57*>s unch I: Mlgcm (I'ivO 1800 f 40 Jungbun/I 107X0 unch I-icndcrbank (I'rvl 635 f 6 Lcn/ing 1525 -6 Lcykam 515 +3 Montan.i (K"slcrr Hmu 4500 f 20 Scmpcrit 126 f 4 Stcyr 427 f 8 Vcitschcr 7X0 f 34 Source: Austrian Laenderbank
        50 words
  • Page 26 Advertisements
    • 51 26 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because ot the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
      51 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1187 27 REPORTS THE US DOLLAR opened moderately weaker yesterday in Europe in a continuation of the correction which started after central bank intervention and worse than expected US March durable goods orders data. Dealers expected the US currency to hold steady, but at
      1,187 words
    • 572 27 Reuter THE Group of Seven (G-7) is more divided over interest rates than at any time for several years but there is a growing consensus the dollar is near the top of an acceptable trading range, European monetary otTicials said. The
      Reuter  -  572 words
    • 1258 27 SjjjEX PCUTSCMEMAJW Open High Low Sett Est Vol Op/lnt Vol Jun 91 0.5723 0.5745 0 5705 0.5741 275 393 466 Sep 91 0.5699 4 Dec 91 0.5664 I Mar 92 0.5633 Closing range Jun 91: 0.5740-5743. Sep 91: 0.5609N. Dec 91: 0.5575N. Vlar 92: 0.5544N. JAPAKCSC YEW Open
      1,258 words
    • 388 27 Cross rates Apr 24 USS SS MS Dm Yen SFr AS NZS USS 1.7705 2.7520 1.7420 137.30 0.5841 1.4530 1.2878 1.6978 SS 0.5648 1.5544 0.9839 0.7755 0.3299 0.8207 0.7274 0.9589 MS 0.3634 64.34 0.6330 0.4989 0.2123 0.5280 0.4680 0.6169 Dm 0.5741 1.0164 1.5798 78.82 0.3353 0.8341 0.7393
      388 words
    • 582 27 Interbank rates SS Bid Offer Overnight 4 3/4 4 7/8 1-month 4 5/8 4 3/4 2-month 4 11/16 4 13/16 3-month 4 3/4 4 7/8 Overnight mode: 4-11/16 LS$ Bid Offer 7 days 6 1/8 6 1/4 1 month 6 1/16 6 3/16 2 months 6 1/8 6
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  • COMMODITIES
    • 368 28 Reuter MALAYSIA is embarking on an ambitious plan to modernise its century-old rubber industry, as low prices drive many smallholders away to seek work elsewhere. Under a year-long campaign to be launched today, the government will speed up transfer of the latest rubber planting
      Reuter  -  368 words
    • 312 28 Bernama PETRONAS Gas Sdn Bhd has embarked on an internal feasibility study to install a 310 km high-pressure gas pipeline from Kapar in Selangor to northern Peninsular Malaysia and possibly into southern Thailand, a company official said. Mr Matlasa Hitam, deputy general
      Bernama  -  312 words
    • 877 28 REPORTS THE PRICE of tin rose 10 sen on heavy buying support yesterday to close at M$ 15.03 per kg on the Kuala Lumpur Tin Market and breach the $15-mark for the first time in eight weeks. The active trading was the
      877 words
  • 1421 28 Rubber A Pr 24 IMS hi h*l») S ccnts/kg Noon Close Int I RSS Prompt 142 00/I43.00N l42.(Xyi43.00N Int I RSS Mav 91 144 50/145.00 144.75/145.25 Int 1 RSS Jun 146.25/146.75 146.25/146.75 Int 2 RSS OP 141.50/I43.50N 141 50/143.50N Int 3 RSS OP 137.00/139 00N I37.00/139.00N Int 4 RSS
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  • Page 28 Advertisements
    • 1238 28 BUSINESS TIMES TBLBPHONE: 730-5771/3772/5773 PAX: 734-4982 V OVERSEAS UNION BANK LIMITED (Incorporated In the Republic of Singapore) USD 100,000,000 SUBORDINATED FLOATING RATE NOTES DUE 2011 (REDEEMABLE AT THE OPTION OF THE NOTEHOLDERS IN 1996 AND 2006) In accordance with the provisions of the notes, notice is hereby given that the
      1,238 words
    • 11 28 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 1103 29 City Flight ETA Flight ETD City Flight ETA Flight ETD Abu Dhabi GA975 GA887 1300 1225 GA894 2340 bQioy MH642 1405 1450 SQI08 MH641 114b 1315 Adelaide SQ228 QF5 1905 2000 MH609 MH644 SOI 1 1 1625 lb50 1705 SQ110 SQ112 MH631 1445 1545 I6I0 Amsterdam
    1,103 words
  • THE TRAVEL PAGE
    • 509 29  -  POSTCARD FROM SARAWAK By Abdul Hadhi FOR A taste of adventure. the Land of the Hornbills or Sarawak. as it is more commonly known, should appeal to budget travellers. Head for the Mulu National Park, although it is not easy. After a series of
      509 words
    • 163 29 As at 3pm yesterday: Ixx-al dollars to one unit of foreign current} Currencies Bid Offer Australian dollar 1.364 1.384 Canadian dollar I.$16 I.S36 NZ dollar 1.031 1.066 Sterling pound 3.015 3.035 US dollar 1 7660 1.7760 luteal dollars to 100 units of foreign curreno Austrian schilling 14
      163 words
    • 60 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel April International Florence. SOGFSF. S.p.A *****9721 \pril 28- International l.ondon The Building *****6-1951 20-May 1 Handicraft Italy 2 Food Drink Trades Fair Exhibition Exhibition lid April International Frankfurt. Messe Frankfurt *****5750 May 8-11 Computer'91 Hongkong Hongkong *****3
      60 words
  • Page 29 Advertisements
    • 34 29 Ronald youH relish Finnair's Hamburg service. Finnair's 0855 arrival in Hamburg is just one of the timely arrivals at over 30 European destinations. Call *****77 for details. We know Kurope from start to Finnish.
      34 words
    • 43 29 THE SEMI-PRO M M RAGES ON 1 BB W WHO WILL WIN THE LEAGUE? OUR SOCCER WRITERS RATE THE TEAMS TODAY PLUS CUT-AND-KEEP FIXTURES PLUS JEFFREY LOW'S VIEW ON THE CHAMPION, KEDAH Tlie latest news and much more From lunch-time Monday to Saturday.
      43 words
  • Page 29 Miscellaneous
    • 278 29 ACROSS |i 2345 |6 HE 1 Waterproof for technocrat on the H H H H 9 9 Travel by rail can be mJ bloody (4) 10 Mole in Grasmere, for ex- ~■H~ l®! Bfl ■■pi ample (6.4) 1 1 BI^H a moon-landing BH__HI^^^HL_B^^BL_PIH_ 12 Area of the race riot... (7)
      278 words
    • 239 29 Singapore Outlook: Showers over several areas in the late afternoon and early evening. Forecast: Maximum temperature 33.3° C Assoc humidity 64% Minimum temperature 24.4T Assoc humidity *#6% Hours of sunshine 7.45 Rainfall in mm 12.5 Rainfall this month 114.4 Rainy days this month II World forecast Asia-Pacific Hi/I>o* Cond. Auckland
      239 words
    • 43 29 luji-tprrs THIS [Tufvts uuef?e\ nfc E>£ sTou) i Don'T\ rnpg<£t) 1 fue mouse. J kkouT ovo Does Htu).t.m l P 1 Vuves. J cILW r»Ut4G 6uT IT'S PvLL J T r a-* ..wf '0 X RT ?s&? &413 EVENING STANOAHO CO LIP IHHMI
      43 words

  • 441 30  -  CityDev, UOL, SSL, Wing Tai among bidders By Lilian Ang MAJOR property developers are jostling for four recentlyreleased sites in Housing and Development Board estates. Most conspicuous among the key players eyeing the coveted HDB sites is newcomer CDC-Construction and Development, which is
    441 words
  • 94 30 Reuter US SECRETARY of State James Baker condemned Israeli settlements in the West Bank in unusually sharp words yesterday and said his effort to convene a Middle East peace conference still had far to go. Speaking in Damascus, he said he and Syrian President Hafez al-Assad
    Reuter  -  94 words
  • 106 30 BATAMINDO Investment Corp (Batamlndo) is planning to set up a third powerhouse at the Batam Industrial Park, which will double the amount of electricity available to the estate. A tender calling for contractors to set up the powerhouse's equipment was published in a local paper on
    106 words
  • 511 30  -  From Catherine Ong in HONGKONG FORMER Malaysian banker Lorrain Osman. now in a British prison, will have a strong case to challenge his arrest if a High Court ruling on Monday which has rocked Hongkong's legal system is upheld. Legal sources said Osman's
    511 words
  • 765 30  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent IT MAY BECOME necessary for the two dozen-odd foreign countries that have invested in Vietnam to put their heads and their money together and think of creating an independent bank to rebuild
    765 words
  • 261 30  -  From Rahita Elias in BATAM SINGAPORE TELECOM International's (STI) first Indonesian joint venture, set up to provide telecommunication services in Batam, has taken off following the signing of a memorandum of understanding on Tuesday. Together with partners Indonesian telecommunications company Perumtel and PT Batamlndo Investment
    261 words
  • Page 30 Advertisements
    • 158 30 Nikon The World's Finest Photographic Systems "^"awK •t.—- v Jp *"*g *vs??J* 1. ■■''v 1 Jjs^flHHl USUAL Relational Business graphics database Desktop tools Spreadsheet Communications Word processing Network-Ready NOW Move up to pen Access I!I If that s not enou S h here's one hundred more reasons to leave your
      158 words
    • 147 30 Nikon The World's Finest Photographic Systems Presenting a Breakthrough In jA Waveless Waterbeds y The truth about most conventional beds is, Jr they don't give you the proper spinal support 1 jF your body requires for a restful, relaxing 1 J" sleep. With an Aquapaedic waterbed, you sf get all
      147 words

  • Shipping Times
    • 419 31  -  By Dexter Lee THE PORT of Singapore Authority's idea of forming joint quality circles (QC) with its port users to boost productivity has borne fruit. Yesterday, a joint QC formed by stall of Tanjong Pagar Terminal and US carrier American President Lines
      419 words
    • 332 31 Australian Prime Minister Hawke urged to step in personally Reuter AUSTRALIAN Shipping Minister Bob Collins urged Prime Minister Boh Hawke yesterday to break a deadlock over reform of Australian ports aimed at speeding cargo handling and cutting costs. "1 think the matter is serious
      Reuter  -  332 words
    • 373 31 NYT ELECTRONIC Data Systems and Continental Airlines said on Tuesday that they had signed a 10-year agreement under which Electronic Data would take over a large part of System One. the subsidiary that owns the airline's computer reservation system. Electronic Data will play
      NYT  -  373 words
    • 396 31 Reuter SHIPOWNERS said they were angered by administrative problems caused by a -4 per cent tax on the gross transport income of non-US carriers calling at US ports. The shipowners will have to submit detailed tax forms to the US authorities by June 15.
      Reuter  -  396 words
    • 443 31 P O fleet in major refinancing deal Llovd's List THE UK's largest shipowner P&O has sold the majority of its £1 billion (S3 billion) cruise ship, ferry and containership fleet in a huge refinancing deal. The company says the wide-ranging sale and leaseback/hire purchase arrangements will have no operational effects
      Llovd's List  -  443 words
    • 191 31 Reuter NWA INC's Northwest Airlines is interested in buying into Philippine (PAL) when it is offered for sale later this year. PAL president Feliciano Belmonte said. Northwest may join a consortium being organised by Philippine Commercial International Bank (PCIB) because it is interested
      Reuter  -  191 words
    • NEWS SUMMARY
    • LOG BOOK
      • 95 32 HONGKONG launched a preliminary enquiry on Tuesday into the loss of a large bulk carrier which disappeared without trace in the Indian Ocean, a government spokesman said. Nothing has been heard from the the 141,028-dwt Mineral Diamond since a brief message was intercepted
        95 words
      • 77 32 JAPAN'S car industry has agreed to continue its voluntary limit on exports to Britain at 11 per cent of the British market, industry sources said on Monday. The agreement was reached at a weekend meeting in Yokohama between the Japan Automobile Manufacturers Association and the
        77 words
      • 85 32 I HE Port Authority of New York and New Jersey said it sold US$lOO million (SSI 70 million) of consolidated bonds with serial bonds maturing from Oct 15, 2006 through Oct 15, 2012, and term bonds maturing April 15, 2026. The bonds, which were awarded
        85 words
      • 68 32 CHILEAN shipowners asked the Transport Ministry to icstrict Soviet shipping companies operating in Chile, charging them with dumping practices. The National Shipowners Association said Soviet shippers were undercutting freight charges by as much as 50 per cent, thanks to state subsidies. The trade association said Soviet companies,
        68 words
      • 91 32 ALL NIPPON Airways Co Ltd and Ansett Airlines of Australia have agreed to a broad business tie-up, including cooperation in sales and marketing, an ANA spokesman said. The two airlines are currently holding talks on specific areas of cooperation including adjustment of flight schedules to
        91 words
      • 65 32 THE REFLOATING of the grounded Norwegian ro-ro ferry Narvik off Norway has been postponed, Lloyd's Shipping Intelligence Service said. Divers are repairing hull damage to the port side. The salvage tug Tambur, tug Oscarsborg, tug/icebreaker Actantus and tug Chief are attending. The 4,072 gross tons Narvik
        65 words
    • 543 32 CHARTERING in the dry cargo freight market was quiet on Tuesday but rates remained at the firm levels seen recently on fresh demand. brokers said. There was still no news on whether the US would give the Soviets credits for further grain purchases, but the market was still
      543 words
    • 1371 32  -  Where once newspapers feared that telephone companies would take away their share of the advertising cake, they are now using their services to increase their revenue and readership. Randall Rothenberg reports Randall Rothenberg NYT CAPITAL Cities/ABC lIIC used a "9(H)" telephone line last
      NYT  -  1,371 words
    • 870 32 THIS twice weekly report, coin pi led b> Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices tor a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index
      870 words
    • 11963 40 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
      11,963 words
    • 3446 45 A xm.B( ontainerline Bclsin Shpg Agencies Pte Ltd (S)/Marine Handling Sdn Bhd (PK/PN) Vccord (.roup: Accord Shpg Pte I Id (SV Accord Contr lane (PK/PN) \dkris Business urporation Philippine: alsourcc Shpg I rdg I'te I td (S) \hrenkiel l iner Service: Kim Shpg Ac I rdg (S). Vlbatros
      3,446 words
    • 260 45 \bui us C ouriers Tel: 545-8011. Fax *****98 Air Fxpress l ra»rl lei 533-5771. Fax: *****44 Virborne Freight Corporation Tel: 542-8844 Fax: *****16. *****80 Virswifl W or Id wide ourier Tel: 278-0188 Fax: *****83 AJS Supplier l ei: 748-6322(2 lines). 747-7421. Fax: *****75. (it)-link International Tel 344-3377. Fax
      260 words
    • 1533 45 Vbex Fxpress h reight lei 542-7171 Fax: *****84. Vctinic l-orwarder Tel 225-1833 Fax: *****42. Activair Singapore Lei: 542-7822. Fax: *****20 Verolink I-reight International Tel 545-8033 Fax: *****05. Veruspeed Tel 542-5911 Fax: *****18 Vir Cargo Fxpress Tel 542-5454 Fax *****06 Air Fxpress International lel 542-7666 Fax: *****74. *****50 Air
      1,533 words
    • 2968 46 ARGENTINA Sin I < *111/0: Port lull. X vessels berthed loading various commodities, mainly nain by-products; 5 vessels anchored in roads awaiting berths of which 3 to load by-products, 2 grain Rusario: Ihrce vessels in port of which I loading sugar. I pelletised meal. I grain. 1 vessel
      2,968 words
    • 470 46 ARRIVALS DEPARTURES Op Might I >pt- ETA I Irom Op High! I)pe KID T lo TODAY TODAY KM KE697 B707F 0150 I SEL KAL KE697 B707F 0440 I BKK NCA KZ203 B747F 1930 I NRT SIA SQ822 B747F 0710 2 BOM/ION KAL KE685 A30F 2345 1 SEL/MNL
      470 words
    • 531 46 SHIP SALES TANKER RATES VESSELS SOLD FOR FURTHER TRADING Tankers The Aramis: 155,505 dwt and built 1977. sold to Nigerian interests for around USSI7.S to US$l9 million. I he Sea Nilkroad: 60,875 dwt and built 1980. sold to US interests for around USS 18.6 million. I he Haukangen 29.912 dwt
      531 words
    • 207 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel ETA DTP Ports of C alls Port Agent APRIL 25 25 Ocean Pearl 0700 1300 Penang-Sin-Penang Reefer Lines 27 27 Cora Princess 1000 1800 Jakarta-Sin-Jakarta Semhawang Johnson 29 29 Ro>al Viking Sea 0800 1800 Sin-Bungkok-Sin Barwil Agencies REGIONAL FERRIES Port
      207 words
    • SHIPS IN PORT
      • 693 47 tfeud Voy No Berth Arrival Departue Vessel Voy No Berth Annul Departure Keppd Wharves Ttunhturikyj* 2 91 M3C 25 04 1000 25 04 2200 Jdu 313 m ak/ngside iJ! Udwnrat 1 24K 91 MSA 24 04 1400 24 04/2200 us Ocean 72 KU jluiigs.de 2404 12W W((-yj
        693 words
      • 1212 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Adrian Ms 9101 27/0200 2 24/1700 25/0659 25/0900 4 25/1200 25/1459 25/1700 Al Mirqjb 54 27/0700 2 24/1700 25/0659 25/0900 4 25/1200 25/1459 25/1700 Alti Glory ***** 26/1100 2
        1,212 words
      • 282 47 Penang Port Berth n Butterworth on April 24: 1: Victory. 2: Builder III; 3: Bangtuang, Santos; 4: ml; 5: Aka Bhum; 6; Gulf Bridge Penang Wharf: NB ml. CB. mi; SB ml. BCT: Bl Bunga Kekwa: 81l ml. I/B: ml VOIP: ml Ore on Aprl 23: Equator
        282 words
    • 331 48 Reuter nil: Manama Canal, which reverts from I IS to Panamanian control by the end ot the century, may become obsolete within 20 years without major reconstruction, diplomats and shippers say. They say the shipping industry is finding it cheaper to send goods around
      Reuter  -  331 words
    • 636 48 Reuter BRITISH AIRWAYS threw a £16 million (SS47.S million) party in the skies on Tuesday for 50.0(H) people who travelled free in what the airline called the biggest publicity stunt in history. HA gave away tickets for all its flights
      Reuter  -  636 words
    • 376 48 AFP THE US Defence Department on Tuesday awarded a USS9S billion (SSI6B million) contract to a team of companies led by the Lockheed Aircraft Company to manufacture a super hightech jet fighter to replace the venerated F-15 Eagle as the top-of-the-line warplane
      AFP  -  376 words
    • 278 48 Reuter COSTA RICA was forced on Tuesday to suspend coffee and banana exports two mainstays of its economy after a powerful earthquake knocked out shipping and overland transport facilities. Banana exports also suffered in Panama as a result of Monday's quake in which
      Reuter  -  278 words
  • Page 31 Advertisements
    • 220 31 SSWEE HENG METAL CO PTE LTD No 13, Tuas Avenue 14, S'PQRE 2263 FAX: 861-2946 TELB6I-5855(5LWES)fHBfcfl Sole Agerit TLX: RS ***** SHMCf'L' jCTttfl Commercial Cleaning f JKMM Equipment Industrial Maintenance Equipment Also buy .soil rental repair Air Forwarders 15 Air Freight Schedule 16 Cockett Report 2 Container Schedule 17 Courier
      220 words

  • Page 32 Advertisements
    • 113 32 FOR SUCCESSFUL MANAGEMENT OF YOUR WkM Stories on lalxnir and us relationship with ■k I W)M Hi management, management concepts in practice, BP %0 I# I urn hJv V profiles of leading managers in Singapore and relevant hook reviews. A A LNTLRPRISL MANAGtMI-NT, in Business Vr K/"\ 1/ Times every
      113 words

  • Page 33 Advertisements
    • 2434 33 IAROifU shU'PiV, \ul< W Cantonment #12 05 Suuthpunt. Sirwap..ri» 0208 \lll#/ TELEX NO RS 241/9 gfcmfl Tf RMINAI Tel *****18 220 7m EVFAAAfITI BOOK INCS Tel *****34 258 1 VA*# A PtSAKA lARDINE SHIPPING AGtNCIIS SON HORT HELANG Ttl *****18 TELEX NO MA***** MA***** HBHB PENANG TEL *****4 TELEX NO
      2,434 words
    • 922 33 INDEX I^MWKIjSERS I'w C «>l Pair Col j[ Vlacoline •> 4/5 •Maersk Line 3 4/5 \BC" C ontaincrlinc 12 I *MISt 14 1-3 Accord Ciroup H 1-3 M sia Shpg Corp t 1/2 Altaic Sea-Air 14 3 Vlcrcur Line l 2 2 •MOL I* 4/5 VlOSK(Forest) 5 5 \S(L 5
      922 words
    • 2371 33 SINGAPORE TO HONGKONG IN 4 DAYS ETO SINGAPORE IST MAY. 1991 MCKINNEY MAERSK VOYAGE 9102 ETA HONGKONG 4TH MAY. 1991 Vmwl Voy Et» I ETO "Port 'Penang DESTINATIONS Singapore K«lang 1 i Tr<i* Mc 9102 Feeder by 30 4 oeoo hps HHIHI HI IH as JIM iMMV OAK LGB HOU
      2,371 words

  • Page 34 Advertisements
    • 1374 34 Hunt dam] VOY NO SI'OIU SOUTHAMPTON HAMBURG ANTWEHM If HAVHF fiBBH KATSURAGI 05.116 ?6'4 >6/5 14/S 13/5 [J2J2 THAMES 05/316 28,4 16'5 18'5 21/5 22/5 1 1 LA SEINE 01/117 3/5 24/5 22/5 21/5 1. ALL WESTBOUND t. CGM PASCAL 01/311 5/5 22/5 24/5 2//5 2&5 KtLANG A PCNAMG CARGO
      1,374 words
    • 569 34 WS/BEgjMM DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT L J BONTANG 2103E ?8/4 15/5 18/5 23/5 AISO ACCEPTING CARGO VIA SUVA TO lAUTOKA PAGO PAGO APIA NUKUALOAFA DIRECT CHILE SERVICE SIN IQO ANF VAP CI X SAI (PERU) L J BONTANG 2103E 28/4 6/6 7/6 10/6 12/6 13/6 Agents
      569 words
    • 1217 34 I El Btmmm&MM &xms HMH REGULAR INOEPENOENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) ARABIAN SEA 108W 03/05 03/05 24/05 28/05 29/05 30/05 31/05 01/06 02/06 NORASIA SUN 9109 3 06/05 26/05 27/05 31/05 01/06
      1,217 words

  • Page 35 Advertisements
    • 1919 35 SjgSteamers Maritime Holdings Ltd W-/ P&O inv STRAITS SHIPPING ■RfL ww 'J Singapore lo Brunei, East Malaysia, Containers Mjw i > m V.» Nu »Pe* Pfcl Ispoie A* Sou Am tot Mb» DUf SA,IS KOWIOON BAy 0516 .'OO4 2204 2704 UO5 16,0 i 1805 CARt.O lie* MAfrfSK 9106 210* 290*
      1,919 words
    • 2395 35 TO- US A /PANAMA FM; U.S.A /PANAMA S J S J** C Jj ,D If" "/t CHOYANG FRONTIER WA 111 M/l 5? jfj 1M lit US feGIMIN SCMAIOH IF 11/ *3 fli J J s I' l 11 n <- 0 hami AMn «i ill II S 4 7 4
      2,395 words
    • 384 35 SARAWAK/ SABAH/ JAPAN SERVICE LOADING FOR NAHA OSAKA AND TOKYO M.V. ASIAN CLIPPER Vl3l ETA KUCHING 29/4/91 ETA KK 1/5/91 ETA SADAKAN 3/5/91 ETA NAHA 9/5/91 ETA OSAKA 13/5/91 ETA TOKYO 15/5/91 NOTE ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY
      384 words

  • Page 36 Advertisements
    • 786 36 CR NBR **********0 0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VU.VOY [SPORE ROAM ADAM HBURG BREMEN ANTWERP HBTAI72WIB 10(5 «,6 W Wl* 22# 10/6 M/ 7 21,7 26(7 79.7 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subject to Inducement AI»o accepting cargo to Casablanca, Port Said. Port Alexandria Genoa. Trieste ALSO
      786 words
    • 1167 36 (Zfi i€| VC/ HANJIN SHIPPING FeCOCII VSI sin line haul la* oak I I S pure 1 LtH RTM ANR HAM BRV FEL HANJIN OAKLAND 01JI H ROTKRDAM 0141 70,W1 S HANJIN TONCHAt Ltd 1M .HI lb S 1/"> 18 'j 18 St ?1 S HANJIN ROT TERDAM 014E DIRfCT
      1,167 words
    • 1305 36 [PKI SCP HKC MSG NIC PUS HHT OSK NCY SM2 TYO LAX CHS BAL NYC IHV AN* RDM IHP HBC PSO CMB PKL SUP GOLDEN Rt 030 24 4InPI JO 4 2/S 3 4 bfS 8 4 10 4 U S 12 5 11/4 24 4 St l i 9
      1,305 words

  • Page 37 Advertisements
    • 2150 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: Jrjp UK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE *****46 TERMINAL OFFICE-*****22 DOCUMENTATION DEPT: *****44/*****14 ■Mfa CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****5&*****04 wflpS NEPUNE SDN BHD MALAYSIA K.L.-(OO) *****33, P. Ke(ano-(03) *****87. Penano-(04)
      2,150 words
    • 1140 37 m swsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VESSELS <OV Sl* VOT SIN PKL HBC BHV til HTM AWT BCL
      1,140 words

  • Page 38 Advertisements
    • 1622 38 I < AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) I r m M m TEL: *****77 TELEX: KAWAKIRS23I6S FAX *****79 I& I T M MALAYSIA: T UNE MARITIME (MALAYSIA) SON BHD tn H- .M JL MIJ TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN
      1,622 words
    • 1208 38 PHIU-OniCNT UN€S PT€ LTD 108 ROBINSON ROAO #0 I 00 GMG BUILDING SINGAPORE 0106 X TEL *****22'2238/69'*****00 TELEX RS ***** PHIL I FAX *****76/*****38 s BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 30 APR DUBAI, DAMMAN. SHARJAH. DOHA. CHARLES^Ok
      1,208 words

  • Page 39 Advertisements
    • 1588 39 PACIFIC INTERNATIONAL LINES (PTE) LTD SJ fc P'L Building, 140 Cecil Street #03-00, Singapore 0106. 1 jAKAfttA i [Bangkok VESSEL VOV SIN JKT SIN VESSEL VOY SIN BKK SIN EDEN 171 WS iVs INGENUITY 130N 27/4 30/5 4/5 tUtN 171 29/4 1,5 5/5 KOTA BINTANG 9111 30/4 3/5 7/5 BUNGA
      1,588 words
    • 1063 39 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Ktwriqan t- 128 30/4 17/5 18/5 20/5 21/5 I Nihon" 126 3/5
      1,063 words
    • 583 39 <UHf* MYANMA IpHßk FIVE STAR UNE 5\ (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg MYITKYINA V427W 25/26 Apr HPA AN VI62W 22/27 Apr PAGAN VI69W 30/2 May MYOMAYWA VI3SW 4/7 May 30 3 May THE BANK LINE (A Mrvice of Andrew W*ir Shipping) SEMI-CONTAINER
      583 words



  • Page 42 Advertisements
    • 709 42 TO AUSTRALIA/NEW ZEALAND VSL [sin |Fr«n hkib [iyd Suck InPE |P CHALK MARTHA II 3H Si lli M Si »S Si ELLEN HUOtG 270 1M 21/S Si Si 34 fcS BRUSSEL 271 Si w io* St St 11/t St c vERoiNE m il» tiii St as j/7 t/7 TO USA/CANADA
      709 words
    • 895 42 pfiiiiriiif him EXPORTS TO HONGKONG. TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNG JKT SIN HKG KAO KEE TYO SM2 NGO KOB II VESSEL VOY [SIN |PKL PNG BLW SIN ACX DAISY 12 27 4 *22 4 26 4 3 5 75 8 5 9 5
      895 words
    • 182 42 P.T. UNITED SHIPPING •klof ORGANISATION LTD OMttaiICCUIMWMCO X JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA ft SURABAYA W ft—n Mt|»u t* all (tk*r !■<■■■■!■■ parts wltk traufeipmnt at Jakarta ar Sarakaya. DESTINATION ETA ETD VSL a JAKARTA IN PORT 2S/4 P SUMATERA "W 1/5 1/5 P. JAWA W 10/5 11/5
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    • 1450 42 IP CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE 2"" 1P 2. MISTRI ROAD, HIIC BUILDING TELEX rA #15-00. SINGAPORE 0207 »UJI CR NO: **********0 M CABLE. COSTARLINE General Agents: COSTAIR SHIPPING PTE LTD TO HONQKONQ ANO CMMA FHO* MONO KOMQ AND CNMA VESSEL VOT SCP HKC SMA XIN HPU
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  • Page 43 Advertisements
    • 1050 43 roc CONVENTIONAL «EKViCg Vessel PRI PNC P C Loading for A VESSEL li 04 Rotterdam Antwerp china run coNTAnnm »e»vict Vessel SCP PKI BKK HKG QIN SHA YANGf ANGKOU 1« 01S fl/4 07 S 12/5 16(5 YAMGFANCKOU 151 01,4 »5 0/ 6 12/6 16/6 Aim juaptmi other Chinese 00fts >u
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    • 931 43 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KELANC PENANG BLUE JADE 15-5 Loading lot Mai? IRUVAI HUOHU 10,S Loading (or Calcutta DOLPHIN 30 4 n 4 Loading For Fe)i»aiu PIONEER SUPREME 304 Loading For MaiOONAKULHI 294 Loaded For Feln»aru PROGRESS LIBERTY 1/5 Loading (or
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    • 466 43 netRiTE VSL VOV SINGAPORE MADRAS SINGAPORE VESSEL VOV SIN MAA SIN TIGER BAY IS7N M M/ 04 05-07/05 13 13/05 TIGER STAR 15IN 06-OMB 12 14/05 20-20/05 TIGER BAY 159N 13-13/05 l»-21/05 27-27/05 VSL VOY SINGAPORE/CALCUTTA/SINGAPORE VESSEL VOY SIN CAL SIN TIGER RIVER 129CNC 27 28/04 03 05/05 11 11/05
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  • Page 44 Advertisements
    • 1328 44 MAC-NELS SINGAPORE!! ni: zznta I»M»T TIL aiwot PENANG TEL: (04) *****6 .KK 'TEL (088) *****0 TAWAU TEL (089) 7/8679 P KELANG TEL (03) *****77 KUCHING TEL (082) *****3 SKAN TEL (089) *****2 |-|\-/Vv*l J BAHRU TEL: (07) *****2 SIBU TEL (084 *****2 SARIKEI TEL (084 *****8 v l W X
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    • 397 44 IBEfc BLUE star line SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NKW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCI. FOR AUCKLAND, NAPIKR. WELI.INCiTON. BLUFF. CHKISTCHURCH. DUNEDIN, LYTTELTON, INVKRCARGIL, FIJI AND TAHITI SIN N Pl* AUCK ITT MAHSURI 0594 In Pt 1 May Via NPI May
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    • 345 44 (INTRODUCING ■■^=3^ OUR NEW CONSOL TO GALGUnA ft CHITTAGONG ALSO CONSOLS TO: BANGKOK EUROPEAN PORTS WEEKLY HONG KONG (AND CHINA) SERVICE JAKARTA 4 J KOPER (YUGOSLAVIA) 2 SAILINGS PER MONTH AUCKLAND "N COLOMBO (AND INDIAN 3 SUB-CONTINENT) I SAILINGS DUBAI (AND MIDDLE I PER MONTH EASTERN PORTS) I PORT LOUIS
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  • Page 47 Advertisements
    • 216 47 BANKING, FINANCE AND INSURANCE 1991 A Business Times Special Supplement The theme for this year's supplement is Focus: Asia reflecting the growing economic and financial muscle of Asia as well as its importance as one of the world's fastest growing markets. Target date for publication is May 30. Among the
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  • Page 47 Miscellaneous
    • 337 47 tidesTKD^EATHBT^^™ TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 IR 17 14 12 11 12 13 17 21 25 26 25 22 17 13 09 07 06 08
      337 words

  • Page 48 Advertisements
    • 804 48 CHARTPOIKIT Every Saturday in Business Times HYUNDAI f MERCHANT MARINE CO. LTD. EASTBQUND 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 203 012 21/04 23,04 24/04 H EXPLORER 25E 20/05 23,05 26
      804 words
    • 67 48 NOTICE M V Sunny Venture Voy. -S7 Arr'il Singapore II I *J1 t'onsiunees of all ilamaue<l rurKiH's ex tin* I'aplionnl vessel is hereby notified that a general survey will I*' held on the April (Krjil.iy) K<'|)|»'l Wharves At K:<l ikmio I:'i*» hours No further survey will he entertained thereafter. Agents
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    • 645 48 CHARTPOINT Every Saturday in Business Times Feeder from Vo, PNG|P*L iMotner Vessel Voy SIN I LAX |OAK IHOU 1 DAL CHI I NOR I MEM I NYC I fttlß (|Q A I mtlsyvt COt wvn AKA BHUM V SOON J64 ALLIGATOR PRIDE V ***** »4 It 5 205 215 21
      645 words