The Business Times, 30 April 1991

Total Pages: 48
1 48 The Business Times
  • 9 1 BusinessTimes MCI (P) 16/12/90 Tuesday, April 30, 1991 75*
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  • NEWS SUMMARY
    • 61 1 HONGKONG should remain an Asian financial hub as banks logged solid earnings growth last year, the British colony's banking commissioner said yesterday. Mr Tony Nicolle told a press conference the number of foreign and local banks operating there stood at a record 168
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    • 43 1 BANK Bumiputra (M) Bhd, which will be raising its base lending rate by 0.5 percentage point to 7.75 per cent effective May 1, has also announced increased fixed deposit rates across-the-board effective May 2 "to benefit depositors".
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    • 29 1 INFORMATICS HOLDINGS which is operating more than 16 computer schools in Malaysia, Indonesia, Thailand and Oman has set its sights on further expansion abroad Page 2
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    • 24 1 JAPANESE construction giant Shimizu Corp has bought a major stake in a $100 million condominium project in Singapore Page 2
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    • 30 1 THE ECONOMIC BOOM in Thailand has put the country on the fast track to industrialisation, but the once dominant agricultural sector has been left trailing Page 7
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    • 33 1 THE US MACHINE tool orders. a key indicator of American economic health, plunged 22.7 per cent from a year earlier and 16.2 per cent lower than February Page 8
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    • 38 1 WITH the failure of the Uruguay Round of trade negotiations under the General Agreement on Tariffs and Trade, there is the possibility that the world will break up into regional trading blocs. Page 11
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    • 20 1 SINGAPORE is at the forefront of the technological revolution that is changing the face of banking Page 13
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    • 30 1 THE ASIA North America Eastbound Rate Agreement, the shipping conference whose members include national carrier NOL, has decided to cut its fuel-related surcharges. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 45 1 WALL STREET stocks edged upwards early yesterday in a bid to recover from last week's losses. The Dow Jones average of 30 industrials rose 5.19 in the first half hour but the gain shrunk to 0.99 at 2,913.37 one hour into the session.
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    • 44 1 SHARES were sharply higher in London at midday yesterday, boosted by hopes of lower interest rates after a weekend meeting of the Group of Seven finance ministers. The FTSE 100-Share Index rose 23.5 points, or one per cent, to 2.494.8 at middav.
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    • 46 1 SINGAPORE-LISTED Sunshine Allied will pay US$l2 million (5521.6 million) for an 80 per cent stake in a joint venture with Indonesian company PT Summit Coindo to build and operate a cocoa processing plant and a chocolate confectionery plant in Medan Page 3
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    • 31 1 AUSTRALIAN food group Goodman Fielder Wattie is expected to raise around As2oo million (***** million) from the sale of its stake in Cold Storage Holdings Page 3
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    • 19 1 NATSTEEL will kick off scripless trading on the Stock Exchange of Singapore from June 3 Page 3
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    • Article, Illustration
      29 1 Monday Change BT-MGA 747.76 -2.91 Kuala Lumpur ...592.13 -2.29 Tokyo Closed Hongkong 3,624.72 -1.08 Sydney 1558.3 f20.4 Friday Change New York 2,912.38 -8 66 Loridon 2,471.3 -10.8
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    • 23 1 Exchange rates USS SS 1.7830 11)0 Yen SS 1.2841 VIS SS 0.6448 Money market rates Overnight 5 3/8 -3/8 3-month 5% +1/8
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    • 36 1 London Gold AM fix USS35I.30 -USSI.70 Rubber S'pore May 145.25«/kg -0.25 M'sia May 226.50*/kg unch KL Tin Turnover 90 tonnes -46 Spot MS 15.68/kg -0.07 Crude palm oil Turnover 444 lots -137 May MS789/tonne +2
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  • 619 1  -  Chance of Lockheed sub-contracts coming this way By Harish Mehta AEROSPACE and defence companies in Singapore, like Avimo Singapore Ltd, and others in Australia. India and France are interested in winning some of the business generated by the world's biggest fighter
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  • 444 1  -  SNEF reply on employers' CPF contribution By Chuang Peck Ming GO AHEAD, raise the employer's Central Provident Fund rate by one percentage point, but it must be part of the overall wage hike, which must be moderate, employers said yesterday. Bosses have
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  • 319 1 GROUP OF SEVEN ECONOMIC MEETING NY I THE WORLD'S largest industrial nations have rejected a US request that Europe, and in particular Germany, lower interest rates. But they have agreed to consider the request in the future. That, in effect, was the gist
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  • 501 1  -  By Anna Teo THE GOVERNMENT will, where possible, make public factual and analytical material used in formulating policy, said Prime Minister Goh Chok Tong last night. This is in keeping with the overall aim of encouraging Singaporeans to be more involved
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  • Page 1 Advertisements
    • 157 1 Nikon The World's Finest Photographic System. Aircraft Schedule 29 Money Changer Rates 29 Weather 29 Commodities 28 Money Market 27 World News 8.9 Cryptic Crossword 29 Regional Co News 1 Editorial 10 Regional News 7 For market indices, editorial. Financial News 6 Regional Stock Markets 26 advertising and circulation ex
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    • 19 1 Waigel defends interest rates, sees rise in mark, Pg 9 I okyo stands firm on inflation fight, Pg 9
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    • 275 1 Nikon The World's Finest Photographic System PM Goh calling on Sultan Bolkiah, Back Pg BT on Labour Day THERE WILL BE normal the I-abour Day holiday, llie publication of Business Times paper will be available at the tomorrow, even though it is usual outlets. The Road To Excellence m\~—iinj-1 i_i
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  • HOME NEWS
    • NEWS ROUNDUP
      • 107 2 THE EMIRATE OE FUJAIRAH has invited Singapore companies through the Arab Business Centre to visit the emirate later this year. Eujairah is one of the seven emirates that make up the United Arab Emirates. The others are Abu Dhabi, Dubai, Ras A 1 Khaimah, Sharjah,
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      • 46 2 THE Public Utilities Board will close the bank collection centre at the Orchard Road branch of the Oversea-Chinese Banking Corp on Thursday. The PUB announced yesterday that customers may pay their bills at the Customer Services Division in PUB Building, Somerset Road.
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      • 57 2 KINGSMEN, Designers and Producers, Pico Art International and Sime Singapore have become the first three companies to take part in a Trade Development Board scheme to invest in design staff. Each of the companies is co-sponsoring a budding designer on a design course overseas
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      • 35 2 THE MUSLIM Missionary Society Singapore (Jamiyah) will give a Hari Raya Party this Saturday at the Islamic Centre Jamiyah Singapore. President Wee Kim Wee and the First Lady will be the guests-of-honour.
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    • 367 2  -  By Corinne Kerk BUILDING on its chain of Informatics computer training schools in Singapore, Informatics Holdings has set its sights on further expansion abroad. To-date, it has more than 16 computer schools operating in Malaysia, Indonesia, Thailand and Oman. In the
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    • 238 2  -  By Elaine Koh JAPANESE construction giant Shimizu Corp has raised its profile in property development in Singapore with a $100 million condominium project in Holland Hill, the first in which it has a majority stake. Shimizu, through development arm SC Properties, has
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    • 204 2 DU PONT Singapore has appointed Color Master Enterprise Pte Ltd as regional distributor Tor its Centari Car Paint systems in Hongkong, Singapore and Malaysia. In his speech to mark the appointment last night, regional marketing manager for Centari David Tan said it was
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    • 226 2  -  By Claire Leow TELERATE SYSTEMS Inc, an American company supplying real-time financial information. has joined up with Computer Systems Advisers in a move that will see Telerate marketing CSAdesigncd software worldwide. This partnership will not only give Telerate a chance to capture a larger
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    • 266 2 THE Growth Triangle concept of pooling resources for mutual benefit has captured the attention of the international business community, and in future could be used worldwide, a top business consultant from Jakarta said yesterday. Harvey Goldstein, chairman and chief executive officer of P
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  • Page 2 Advertisements
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    • 49 2 DO YOU HAVE AN EYE FOR A GOOD BUSINESS OPPORTUNITY? if so, and vou are looking for office space (with business support facilities) we have various sizes for you to choose Our prices for a week is equivalent to a night s stay in an Orchard Road Hotel. Ph0ne:*****46
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 492 3  -  Deal will ensure firm a constant supply of cocoa By William Chia SUNSHINE Allied has entered into a US$l2 million (5521.6 million) joint venture with Indonesian company PT Summit Coindo to build and operate a cocoa processing plant and a chocolate confectionery plant
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    • 304 3  -  By Magdalene Ng NATSTEEL shares and warrants will be phased in for scripless trading from June 3 as part of the local stock exchange's pilot scheme to go scripless. All Nat Steel scrip will be immobilised for a month during which
      Source: SES  -  304 words
    • 143 3 AMFELS INC, the US-based subsidiary of Far East I avingston Shipbuilding (FEUS), has completed a three-rig modification project for a USbased drilling company within a five-month period. Noble Drilling Corporation appointed AMEELS to make modifications involving hull widening and accommodation extensions. Sources estimated the contract
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    • 273 3 Bernama MIJLTI-PLJRPOSF Holdings Berhad has chalked up a group pre-tax profit of M 551.868 million (5533.4 million) for the vear ended Dec 31 1990, a 72.3 per cent rise from the previous pre-tax profit of M 530.095 million. Announcing its audited results in a
      Bernama  -  273 words
    • 277 3  -  By Dexter Lee IN LINE with its plan to diversify into shipping-related businesses, Malaysian International Shipping Corporation (MISC) has formed a subsidiary to grab a slice of the Malaysian warehousing pie. This is part of a Mssoo million (***** million) investment in land-based activities,
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    • 390 3  -  From Florence Chong in SYDNEY AUSTRALIAN food group Goodman Fielder Wattie is tipped to raise around AS 200 million (***** million) from the sale of its stake in Cold Storage Holdings. The group retained OCBC Bank to evaluate interests expressed by
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    • 348 3  -  By Lee Han Shih THE LATEST annual report of Nat Steel Ltd, released yesterday, again shows why the budding conglomerate is so eager to diversify from its traditional steel business. In 1990, both the pre-tax profit and the margin of
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    • COMPANY BRIEFS
      • 31 3 TAN SRI Khoo Teck Puat has been appointed a director of Goodwood Park Hotel Ltd. Hotel Malaysia Ltd and Central Properties with effect from April 19.
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      • 46 3 SOUTH EAST Asia Venture Investment Company NV has sold 1.27 million Pan Pacific Publications Ltd shares representing 4.03 per cent of the company's equity. With this sale, it has now 3.763 million shares representing 11.93 per cent equity in Pan Pacific.
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      • 34 3 DUE TO a lack of quorum, the meeting of loan stock holders of Guthrie GTS Ltd on April 26 was adjourned. The next meeting will be held on May 18.
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      • 83 3 HONG LEONG Investment Holdings (HLIH) sold 100.000 City Developments shares on April 18 for $366,600 and another 50.000 shares for $186,000. reducing its stake in CityDev to 229.006.925 shares, or 49.6 per cent. Directors Kwek Hong Lye, Kwek Leng Beng, Kwek Leng Joo and Kwek Leng Peck
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      • 65 3 ENVI INVESTMENTS Pte Ltd. a company wholly owned by Envi Holdings Pte Ltd. has sold 1.53 million Chuan Hup TSR 94 at an average of 56.68 cents each. Messrs Peh Kwee Tee. Peh Kwee Chim and Peh Kwee Yong as directors of Chuan Hup Holdings
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      • 36 3 BANDAR RAYA Developments Bhd has reported a 46 per cent rise in its group pre-tax profit to M$ 17.43 million for the year ended Dec 31, 1990. up from M 511.90 million.
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    • 287 3  -  By Lee Han Shih AMBASSADOR Holdings Ltd (AHL) has announced yet another purchase agreement, this time to buy into an Australian contact lens maker. AHL said last night it would buy 60 per cent of Capricornia Singapore (CSPL) from RHB Trust, acting
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  • Page 3 Advertisements
    • 11 3 SES more mature than bourses in Britain and Australia, Page 6
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    • 279 3 I've switched to ANA Hotel Singapore. J k ANA HOTEL SINGAPORE 1.. 11.1 S ...it,.. I 1.-!! [tor, k, I (>,... ...v. I, I. \l 1M Ks -V i I Kfl MANAGEMENT I I 22 24 Nay 1991 I I This course will introduce the participants to the various effective
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 83 4 HONGKONG dyestuff distributor Cheung Wah Development Co Ltd plans to place 50 million new shares with Taiwanese investors to raise about HK563.4 million (S$ 14.4 million) after expenses to improve its headquarters and expand into a textile joint venture in China's Guangdong
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      • 98 4 TRADING in the shares of Wah Shing Toys Consolidated Ltd resumed this morning after a bid to raise cash through an open share offer collapsed, the Hongkong stock exchange said. Wah Shing's open offer of 91.91 million new shares at 48 HK cents each on a
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      • 60 4 SOUTH KOREA'S Daewoo Motor Co Ltd reopened one of its plants in Inchon on Monday after a majority of workers wanted to return to work, a company spokesman said. The company closed the plant on April 17 following a series of violent demonstrations by thousands of
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      • 80 4 SUN HUNG KAI and Co has bought a 20 per cent interest in Australian stockbroking firm McKinley Wilson. The equity investment follows several years of an informal reciprocal arrangement in which Sun Hung Kai serviced Mckinley's Asia-Pacific requirements. McKinley chairman Peter Buckley said the
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    • 361 4 BOND CORP International (IKTL) of Hongkong will make around HK$35 million (557.96 million) profit from acceptance of the takeover offer for Chung Wah Shipbuilding, if proposals announced on Monday are accepted by shareholders, according to a report in the Sunday Morning Post.
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    • 252 4 HONGKONG tycoon Mr Cheng Yu-tung and associates are to take over car distributor Dah Chong Hong for HK$6 billion (S$ 1.35 billion), reported the Sum/ay Morning Post. Details of the deal, one of the largest private takeovers, will be unveiled this week, it
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    • 282 4 A THAI-GERMAN joint venture led by AEG has applied to build and operate an 18,000-million baht (551.24 billion) elevated high-speed train from Bangkok to Rayong, reported the Bangkok Host. Transport and Communieations Minister Nukul Praehuabmoh said on Friday that an AEG representative had
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    • 255 4 INTERNATIONAL Broadcasting Communications Co (IliC), which operates Thailand's first cable TV network, last Friday reported a 77 million baht (555.4 million) loss for 1990. It said it had re-ap-plied for listing on the Stock Exchange of Thailand (SET) in order to raise
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    • 265 4 THE JAPANESE-ltalian consortium of Chiyoda and TPL SpA has agreed to extend until November its priee offer to construet Thailand's first aromatics complex to allow Aromatics (Thailand) Co more time to solve problems threatening the project's viability. The six-month extension came after the original otYer
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    • 226 4 Reuter PALMER TUBE Mills said it has started legal action under the Trade Practices Act (anti-monopolies law) against The Broken Hill Pty and its 49.75 per cent owned unit, Tubemakers of Australia. Palmer said the Federal Court action claims more than As2o
      Reuter  -  226 words
  • Page 4 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • 406 5 Paper reports stock offer to unsecured creditors AP AFTER MONTHS of delays, the Federated-Allied department store empire in the US was set to offer a plan yesterday to pay off its US$7.7 billion (S$ 13.6 billion) in debts and end the largest reorganisation
      AP  -  406 words
    • 324 5 AFP BRITISH COMPANIES arc about to be given "major opportunities" to help restore Kuwait's devastated oil sector and should be awarded a fair share of contracts worth billions of dollars, said British' Energy Secretary John Wakcham. He made the announcement in
      AFP  -  324 words
    • 142 5 AFP NEW DELHI has presented Kuwait with reconstruction proposals worth US$BO billion on behalf of Indian companies. Indian Commerce Minister Subramaniam Swamy disclosed this in Abu Dhabu last Sunday following talks during a onenday trip to Kuwait to examine prospects for Indian involvement in efforts
      AFP  -  142 words
    • 224 5 AFP CORPORATE RAIDER T Boone Pickens has announced that he is giving up his bid for a scat on the board of Koito Manufacturing and selling his stake in the company, slamming Japan's corporate cartel system. "Okay Toyota, okay Koito. I
      AFP  -  224 words
    • COMPANY BRIEFS
      • 113 5 BRITISH GAS pic has accepted proposals from its British regulator, the Office of Gas Supply, on a new pricing structure for its 17 million household and other small customers who arc charged by tariff. A British Gas statement yesterday said the factor by which the
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      • 83 5 REED INTERNATIONAL pic has decided not to take part in the future funding of British Sky Broadcasting (BSkyß). Reed chairman Peter Davis said in London yesterday that although the company was confident about the long-term potential for satellite television in the UK and the viability
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      • 63 5 AUSTRALIAN TREASURER Paul Keating has delayed making a decision on Tate and Lylc pic's A54.10-a-share hostile takeover offer for Bundabcrg Sugar Co Ltd. A spokesman for the Foreign Investment Review Board (FIRB), an advisory body to the Treasurer's office, said in Canberra yesterday that Mr Keating
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      • 70 5 SHARES in Robert Maxwell's Mirror Group Newspapers (MGN) will be priced at 125p when details of its flotation arc unveiled this week, according to the Sunday Telegraph newspaper. The offer would put a value of between £500 million and £550 million (between S$ 1.505 billion
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  • Page 5 Advertisements
    • 443 5 ®1991 SINGAPORE INTERNATIONAL REINSURANCE CONFERENCE "THE CHALLENGES OF REINSURANCE INTO THE 90'S" 6-9 October 1991 Marina Mandarin Singapore The holding of this first international reinsurance conference in Singapore signifies the coming of age of the Singapore reinsurance market." Foreign participants to the Conference will have an excellent opportunity to witness
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 62 6 KEPPEL FINANCE will be offering financing for weekend cars from tomorrow. It will provide loans up to 90 per cent of the purchase price of the cars and a loan tenure of up to five years. A further loan may be granted for
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      • 101 6 WESTPAC Banking Corp said it has issued As2oo million of fixed rate transferable certificates of deposit (TCDs), bringing the total on issue to A 51.25 billion. The issue, the fifth tranche in Westpac's programme, carries a coupon of 13.5 per cent and matures on March 15,
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      • 86 6 BANK CREDIT Lyonnais Indonesia (BCLI) and the International Finance Corporation (IFC) will sign a multicountry loan facility on May 1, a BCLI spokeswoman said in Jakarta yesterday. Under the agreement, the institutions will finance on a 50-50 basis medium- and long-term loans for projects of up
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      • 100 6 JP MORGAN and Co said last Friday that it will stop processing American Depositary Receipts for South African shares. The firm noted it has consistently opposed South Africa's system of apartheid and worked towards bringing it to an end. JP Morgan said in a
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    • 361 6  -  By Quak Hiang Whai THE STOCK Exchange of Singapore is considered more mature than its London and Australian counterparts, based on standards set by a group of leading international financial institutions. Roger Davis, a division executive in charge of Citibank's financial
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    • 410 6 Reuter THE Indonesian government is expected, possibly this week, to ask companies to submit proposals to set up money and foreign exchange brokers in Jakarta, bankers said. The idea has been floated for several years and pressure has increased on the government to license independent
      Reuter  -  410 words
    • 325 6 AP LIS BUSINESS FAILURES increased by 54 per cent in the first quarter, the biggest rise in seven years. Dun and Bradstreet Corp reported. The business research company said services and retail trade suffered the worst, which is typical during a
      AP  -  325 words
    • 260 6 THE SINGAPORE International Monetary Exchange (Simex) has slapped fines worth $35,000 and a twoyear suspension on a trader for violating the exchange's rules. The Floor Committee last Dec 4 found Daryl Khoo Seng Tat, who was a tracer with corporate non-clearipg member Tokyo
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    • 408 6 Reuter JAPAN is seeking a new role as a leader of world economic policy rather than simply as a spigot for vast amounts of investment capital, Japanese officials said. In the past decade, the industrial world has pressured Japan to recycle to
      Reuter  -  408 words
  • Page 6 Advertisements
    • 890 6 v The First Canadian Bank flfl Bank of Montreal 129, St. James Street, Montreal, Quebec H2Y IL6, Canada STATEMENT OF ACCOUNTS FOR YEAR ENDED 31 OCTOBER, 1990 Note: All figures quoted in Canadian dollars (thousands) CONSOUDATED STATEMENT OF ASSETS AND LIABILITIES SpIi'iSSF^OCTOBFR'af^MO AS AT OCTOBER 31,1990 FOR E »EAR ENDED
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  • Page 6 Miscellaneous

  • THE REGION
    • 401 7 Agriculture now contributes only 14 pc to GDP Reuter AN ECONOMIC BOOM since 1987 has put Thailand on the fast track to industrialisation but it is leaving the country's once dominant agricultural scctor trailing in its Wake. Although Thailand remains a major food
      Reuter  -  401 words
    • 158 7 THAILAND'S Board of Investment will boost its support for Thai companies interested in moving their industrial facilities to Vietnam. BOl's secretarygeneral Chira Panupong said such a move was necessary to encourage Thai investors interested in shifting some of their operations to Vietnam, but
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    • 285 7 AFP A RECENT RUSH of housing purchases has pushed up prices of small flats in Hongkong by 20 to 40 per cent, forcing home ownership out tnc reach of the average family in the British colony earning US$2,OOO (553,540) a month. The increases,
      AFP  -  285 words
  • Page 7 Advertisements
    • 452 7 JIB *1' fiP'.T v iBI vi? ~i k B*SBfc K ;X*s s&r rv; vJSt^BßHkllSwSfeb- y B^yg^^ijgflßWg& V J f r •>' Mr. WHNe Low K" i»* Equipment Systems. Engineer f f FOR PROFESSIONAL AIR CONDmONING DESIGN AND SERVICE, YOU CAN DEPEND ON TEAM TRANE. pp Mr. Phuar Boon Hock Equipment
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  • THE WORLD 1
    • 440 8 Rising risk of recession in Europe and Japan threatening US: report; Reuter US MACHINE TOOL orders, a key indicator of American economic health, fell sharply last month, down 22.7 per cent from a year earlier and 16.2 per cent lower than February,
      Reuter  -  440 words
    • 302 8 AP THE WORLD'S richest countries aren't saving enough, lending enough or doing enough to keep interest rates down, say the finance ministers of poorer nations. The ministers of 24 developing countries, meeting in Washington last Sunday ahead of yesterday's opening sessions of the
      AP  -  302 words
    • 351 8 Reuter NEW DELHI is ready to discuss trade problems with Washington, which has put India on a hit list for pirating US copyrights and patents. Speaking in New Delhi last Sunday, Indian Commerce Minister Subramanian Swamy said: "We are certainly not happy
      Reuter  -  351 words
    • 499 8 AFP IT WAS JUST a coincidence, but nevertheless a telling one: while Indian Finance Secretary S P Shukla was lobbying in Vancouver for funds to meet India's foreign exchange crisis, figures were released in New Delhi showing the crisis deepening.
      AFP  -  499 words
    • 445 8 Moscow posts second consecutive trade deficit in '90 Reuter OFFICIAL statistics show that 1990 was a disastrous year for Soviet foreign trade, with slumping exports exacerbated by falling prices for oil, the country's chief hard currency earner. The figures, released in the latest issue of
      Reuter  -  445 words
    • 447 9 GROUP OF SEVEN ECONOMIC MEETING AP GERMAN economic leaders have denied that their country's interest rates are too high and have predicted a rise in the value of the German mark. "Interest rates are higher when growth is stronger than when growth
      AP  -  447 words
    • WORLD WATCH
      • 67 9 CHINA yesterday accused the European Community of protectionism for slapping an anti-dumping tariff on its videocassettes and invited EC officials to investigate Chinese exporters. "Increasing tariffs will affect bilateral trade and it is unfair for Chinese export business." said a Foreign Ministry
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      • 93 9 FRANCE would consider bilateral trade arrangements with other countries if the current Uruguay round of Gatt negotiations fails, says French Prime Minister Michel Rocard. But he told a meeting of leading businessmen in Wellington yesterday that Paris wanted the round to succccd as quickly as possible.
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      • 82 9 SENATE REPUBLICAN LEADER Bob Dole says the US njay have to review its aid to the Middle East if nations there di> not agree to hold Arab-Israeli peace talks. He gave the \ypming in Washington last Sunday following US Secretary of Slate James Baker's latest
        82 words
      • 69 9 PHILIPPINE President Corazon Aquino yesterday denied press reports that the government plans to devalue the peso by as much as 18 per cent this year. The Manila Chronicle' had earlier quoted an official of the National Economic Dfcvclopment Authority as saying the government's economic planning agency
        69 words
    • 236 9 AP JAPAN wants to fight the slowdown of its economy but has no intention of changing policies that combat domestic inflation, says its finance minister. Kyutaro Hashimoto joined financial officials from six other industrialised countries in signing in Washington last Sunday a communique that
      AP  -  236 words
    • 340 9 Reuter THE STAND-OFF between the US and Germany on interest rates at last Sunday's meeting of major nations recalls another confrontation between the two in 1987 and that one helped lead to a global stock market crash. Worried that the dispute may trigger
      Reuter  -  340 words
  • Page 8 Advertisements
    • 815 8 I 1 liiWiiiß ■i|.i| \sjL rs ;'S JV jf. fl H j ii. %JWt' g|V». H ,J^H gHi^H. jt <»» ::3»^ LMr Calvin Reed at Katong Special School. one of the 42 charities supported by the Community Chest of Singapore ike any other GM, I was a bit apprehensive at
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  • Page 9 Advertisements
    • 101 9 j -1 All your life you've waited for it you win the grand hnal ''a break This is it I, And I nun 6 «>pm admission -Whether yon re an opera star and parking are tree Plus "or simply a bathroom singer, StC'i. <»tt drinks' stop by The Reading Room
      101 words
    • 170 9 Apply for an IDD line now and we'll bill you the $100 deposit later. From now till 30 June 1991, all it It's so easy. Just call 166 or 169 takes is just a phone call to get IDD. for business and residential The $100 refundable deposit will be applications
      170 words

  • 484 10 EDITORIAL THE biggest challenge ahead for Singapore is to reconcile the necessity to internationalise with the need to protect its own distinct identity. This task is easier said than done as the solution is not in finding the right balance but rather in getting the best
    484 words
  • WHAT THE OTHERS SAY
    • 189 10 PRIME MINISTER Goh Chok Tong was right to urge unionists here not to resist relocation ot hrms to the other points in the Growth Triangle Johor and the Riau Islands. In an increasingly interlinked world, highly mobile firms will move where they will. Singapore and its
      189 words
    • 150 10 THE Growth Triangle reflects Singapore's wish to cooperate with its neighbours and to foster relationships that will strengthen the stability and prosperity of the region. With more companies relocating their operations to Johor and the Riau islands, many workers will lose their jobs. They have to
      150 words
    • 131 10 IS THE strong reaction of some employers to the one percentage point increase in their Central Provident Fund contributions for workers a genuine complaint or just a bargaining strategy? Employers should take into account the tripartite relationship between the government, employers and workers when responding to any policy.
      131 words
  • REGIONAL VIEWPOINTS
    • 137 10 THE DETERMINATION that Japan will not be a military power has been expressed time and again by successive prime ministers since then-Prime Minister Takeo Fukuda disclosed Japan's three principles on Asia in Manila in 1977. It is meaningful that Prime Minister Kaifu makes the same pledge
      137 words
    • 159 10 MODERNISING agriculture production is acknowledged as a vital process in the industrialisation of a country. This process is very much alive in Malaysia but it is a lop-sided development in that only plantations and large holdings are involved. Rubber smallholders by and large still stick
      159 words
    • 192 10 THERE MUST be a limit on the amount of time Hongkong can afford to wait for a decision on the future of the port-and-airport project. If the diplomatic stand-oIT continues for another two months, and there is no agreement to proceed between London, Beijing and Hongkong, the
      192 words
  • 850 10  -  Investing in Austria is one of the safest ways to gain exposure to Eastern Europe. But there are some risks. David Lanchner reports David Lanchner IHT AUSTRIA'S traditional role as gateway to Eastern Europe is seen as offering the best of both worlds
    IHT  -  850 words
  • Page 10 Advertisements
    • 339 10 REPUBLIC NATIONAL BANK OF NEW YORK A SUBSIDIARY OF REPUBLIC NEW YORK CORPORATION Consolidated Statements of Condition March 31. Liabilities and March 31, Assets 1991 1990 Stockholder's Equity 1991 1990 (Dollars in Thousands) Cash and due from banks 293.126 S 307.866 Non-interest bearing deposits: In domestic offices 657,164 647,065 Interest
      339 words
  • Page 10 Miscellaneous
    • 46 10 DOONESBURY BV GARRY TRUDEAU Rftyl TIME TO NOT.WE,Mm WU'RE PON7IXSGMECXJT, UH... HAUL A MAN' IJUST6OT I ITO WORK IN ONE I OUT OF DUPE' MJ&U, BE *EAH? L&&e. UJE'PE MCMN6 NEUI ORDERS. I MAT? IQF THEFEW6EE I XZIP MINP, OLTTA THEPE !N TWO UJHKHCAM? 7 CAMP
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  • ANALYSIS
    • 799 11  -  With the failure of the Uruguay Round of trade negotiations under the General Agreement on TaritTs and Trade, there is the possibility that the world will break up into regional trading blocs, says Leonard Silk Leonard Silk NYT IS the world economy
      NYT  -  799 words
    • 1580 11  -  Indians so to the polling booths at the end of next month. Harish Mehta reports on the emotional and communal issues which will dominate the hustings Harish Mehta The dilemma of indian politics will remain unresolved with the Tenth Parliament likely to be hung once
      1,580 words
  • Page 11 Advertisements
    • 61 11 LEITZ S2SI 24M 5213 g 5292 jflttj^^H 5™ V —;-J^ m" -J The Leitz Ambiente Grey Leitz is known worldwide for office filing equipment and supplies. Its Ambiente Grey range will equip any office with that stamp of success and efficiency. Available from leading office stationery suppliers. BALMAR m««I Tel
      61 words

  • INNOVATION & TECHNOLOGY 1
    • 659 12  -  IT MATTERS More than 20 top companies have joined forces in yet another effort to set standards for high-end personal computers. Complications abound, cautions Kenneth James. Kenneth James FOR A LOT of for-ward-looking companies, choosing a computer system lust became more confusing.
      659 words
    • 543 13  -  Technology is changing the face of banking. And Singapore is at the forefront of this revolution, John Skerritt tells Claire Leow. Claire Leow BANKS arc not what they used to be. "Many of the reasons for a bank to exist no longer apply.
      543 words
    • 725 13  -  Computer heavyweights are finding it tough going in a highly competitive industry, a survey reveals By Said Abdullah HIGH-TECH does not necessarily mean high profits. Many of the big names in the computer manufacturing business are discovering that the dynamic nature of the in- dustry can be rather
      725 words
  • Page 12 Advertisements
    • 1878 12 /llfpehnar Ranking Corporation I We ?HSS£ I STATEMENT OF ACCOUNTS FOR YEAR I I I KacMmile: (02) 226 *407 I I Consolidated Balance Sheet as at .10 September IWO (),»ra.i o ß pr»nt aller i»e.Hne tax altributable D w IP.Q P«d I (iroup Bank to Proprietors of Wcslpac Hanking I
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  • Page 13 Advertisements
    • 363 13 fe bi I H I I ■r BL I 1 I 5^5? •■■B^GSiit«■&•'* W** Nowadays, home computers are really cheap. That is, until you America's leading corporate computer manufacturer and winner of many start putting together the whole package of features above. Then, you'd distinguished awards including the Byte Magazine
      363 words

  • SPORTS 1
    • 459 14 AP DIEGO MARADONA's arrest and midnight interrogation by a judge has jolted and changed the 1986 World Cup's most valuable player, his business manager Marcos Franchi says. "There is a new Maradona," Franchi told reporters on Sunday as the player was being released
      AP  -  459 words
    • 36 14 Chicago Bulls' Michael Jordan, tongue out, driving around New York Knicks' Gerald Wilkins in third-quarter action of the second game of the first round of NBA play-offs at Chicago Stadium on Sunday.
      36 words
    • 335 14 AP BILL SHOEMAKER may have been absent from the running of the stakes named in his honour at Hollywood Park, but he wasn't forgotten. While racing's all-time winningest jockey continued to undergo treatment for paralysis at a Colorado hospital on Sunday, Gary Stevens rode Exbournc to
      AP  -  335 words
    • SIDE LINES
      • 95 14 WEST INDIES were in serious trouble at tea on the second day of the fifth and final Test in St Johns, Antigua on Sunday. They lost four wickets for 100 runs and it was clearly going to take an effort to avoid a follow-on after
        95 words
      • 56 14 FORMER WORLD marathon champion Robert de Castjlla of Australia said yesterday he was unlikely to compete in Sie event during the world track and field championshipsfin Tokyo in September. De Castella, a dual Commonwewh Games gold medalist, won the Rotterdam marathon earner this month and is
        56 words
      • 55 14 A 13-1 WIN has put the unfancied John Parrott in Jhc quarter-finals of the world snooker championships witb a serious chance of his first major tournament victory in ain. World No 3 Parrott equalled the biggest winning ma&in in a 25-framc match at the Crucible Theatre when
        55 words
      • 41 14 TOTTENHAM MANAGER Terry Vcnables on Sunday made the first move to keep gifted England midfielder Paul Gascoigne by confirming that he and his consortium had made a bid to take over the ailing English first division club.
        41 words
      • 43 14 THE PRESIDENT of the International Olympic Committee, completing a whirlwind 29-hour visit that found a snowy winter scene at prospective sites, said on Sunday that Salt l-ake City had a "very strong" bid for the 1998 Winter Olympics.
        43 words
      • 35 14 FOURTH-SEEDED Conchita Martinez of Spain vaulted iftto the top 10 of women's tennis on Sunday, beating Swit*rland's Manuela Malecva-Fragnicrc 6-4. 6-1 to win the Sat Open at Barcelona's Royal Tennis Club.
        35 words
    • 391 15 AFP MARK BROOKS, who had 10 birdies and two bogies to fiome back from behind in JJreensbord, North Carolina •n Sunday, finally beat Gene Sauers on the third hole in a gdden-death play-off at the reater Greensboro Open. The two ended the
      AFP  -  391 words
    • 208 15 UPI MIKE HILL, capitalising on a bogey by George Archer on the final hole, finished with a 13-undcr-par 203 on Sunday to win the Senior PGA US$3OO,OOO Doug Sanders Kingwood Celebrity Classic. Hill sank a two-foot birdie putt on the 18th hole to win the
      UPI  -  208 words
    • 41 15 Reuter picture Ix)s Angeles Dodgers* shortstop Mike Sharpeson leaping over San Francisco Giants' Steve Decker after a force-out to end the sixth inning on Sunday. The Dodgers defeated the Giants 7-3. Reuter picture
      Reuter picture  -  41 words
    • 157 15 A GOLF tournament with a difference will be held at the Tanah Merah Country Club today. A line-up of Hollywood television and movie celebrities will be teeing off along with local luminaries. The celebrities, flown in by Garuda from California, include Margaux Hemmingway
      157 words
    • 284 15 McLaren-Honda leaves the pack trailing in smoke AP THE unchallenged supremacy of world champion Ayrton Senna and his McLarcnHonda team is depriving the F-l show of most of its excitement. Jean Marie Balcstre, the chairman of the car-racing governing body, joked at a dinner with team
      AP  -  284 words
  • Page 14 Advertisements
    • 85 14 Qantas offers more flights to Australia than all other airlines If you were to put ALL other airlines together, they would still not have as many flights to Australia as Qantas. And because we have f more flights, you have a greater choice. A greater choice of destinations and a
      85 words

  • Page 15 Advertisements
    • 418 15 THE POWERFUL DEADLY COMBINATION 0F... GREG NORMAN Backed by COBRA'S technological advances and Top Tour-Pro experiences of Greg Norman, this range of golf clubs are for discriminating golfers both professionals and serious amateurs. The TRD II Irons Metal Woods come with Platinum Super Comp The Baffler Blade II Irons Metal
      418 words

  • Page 16 Advertisements
    • 941 16 Innocommerce the wsy to All-in-one, one-stop service for boat owners Yachts Boats set-up by Innocommerce to sell leisure, commercial t Irai*^ wfa v t jt n financiers, insurers and boatels to oresent the potential boat-owner with a complete package that even ensures him a suitable berth for his boat! $2
      941 words

  • Page 17 Advertisements
    • 823 17 ay to new era in marine leisure ure, commercial boats Inno-Radiant Outboard Auto Service to provide 24-hour back-up service PPT sssuuiiiuuuuuu 1^,1 <Wl rjK The servicing arm for repair and maintenance. Inno-Radiant boasts a team of specialists and technicians highly skilled in the art of manne craft maintenance. .'5? tomer
      823 words

  • Page 18 Advertisements
    • 200 18 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Dessert on the House Any item you order from our a la carte menu (beverages and desserts excluded) entitles you to complimentary local and Nonva desserts from 6.00pm to 10.00pm daily. It A MEMBER
      200 words
    • 258 18 im DIANXIN TEMPTATIONS Continuing me parade of cuhnary gems incomparable Ruyi offers a fine selection of Dian Xin. From our creative A la Carte menu, treat yourself to all the Dian Xin you can enjoy for $16.80+ per person Open daily from 11.30 am —2:3opm for kjnch, and 6:3opm 10:30pm
      258 words
    • 270 18 —J rE L. I SMKXCTWQtTK I I presents I The Xiamen Herbal Food Promotion. 26 April 10 May jfgi *> o I Savour the,v»ciiiKrr*of traditional Herbal delicacies specially fttfni the city of Xiamen, China. At Seafood Theatre Restaurant. I Set Menus A ta carte I Lunch or dinner. I T7?
      270 words
    • 320 18 IVIVA ESPANA J The Belvedere brings you the savoury taste of MSB sunny Spain. With over 60 traditional favourites, you'll say "Ole" to the most extravagant buffet in town! WV serve the u/orld to you at The Belvedere. v y/umdmn |(|JI jwaa/x-r li Ik treAtm 4 taftm HI OrctwKd Road
      320 words
  • Page 18 Miscellaneous
    • 578 18 IBJEWON AHP RADIO t i"»5 j, !rffiS f!PSste asrss^sHKanai In memory ot IVlozart u.w2* J V 8.30 CtoM. g<rl and an Englishman. Star- 7.10 am, 9.25 am, 1.30pm, 000 EppaT > a SBCB Ha?on H s 3opm 3 2 Sam: Financial News Miracle (See Our Choice). 550 pm Ghanamirtham (T).
      578 words

  • LIFESTYLE
    • 799 19  -  As bounty hunters sniff out sunken treasures around the Malay archipelago, wary governments in the area are insuring they'll get their due Ruth Youngblood reports Ruth Youngblood UPI SUNKEN treasures in South-east Asian waters spark visions of untold wealth, but wary governments are beefing
      UPI  -  799 words
    • 540 19 CHATTERBOX FOR THE first time since he shattered his arm in a polo match 10 months ago. Prince Charles climbed back in the saddle for a pre-season polo warm-up on Sunday. The heir to the British throne played with friends from the Cirencester
      540 words
    • 1079 19  -  Carla Hall meets an ethereal beauty with her feet planted firmly on the ground Carla Hall IHT FOR a WHILE there, the actress Demi Moore was pegged as Mrs Bruce Willis, wife of a superstar and mother of their infant daughter, Rumer, and
      IHT  -  1,079 words
  • Page 19 Advertisements
    • 234 19 AND ENTERTAIN Set Your Heart On Our Set Meals. lunch ii wam a> I BVr 2.30PM si*.»♦. PER PERSON i DINNER ft KPVI IO P A\ IO wpm $iftso». 4R- PER PERSON The Cafe-in-the-Park is well known for its excellent food. And now, for its value-for-money set meals. Everyday, except
      234 words

  • CORPORATE FOCUS
    • 1360 20  -  Moving R&D across the Pacific to Japan brings with it problems that include a difference in research style and practice, David E Sanger reports David E Sanger NYT SADAAKI NANAI says it took him a while to realise that research and development work in Rochester,
      NYT; Source: Japan's Ministry of International Trade and Industry  -  1,360 words
  • Page 20 Advertisements
    • 542 20 I b r I Keppel Corporation Limited I (Incorporated in the Republic of Singapore) I Notice of Annual General Meeting I NOTICE IS HEREBY GIVEN that the 23rd Annual General Meeting of the H Company will be held at the Company's registered office, Keppel Corporation Limited, Board Room, 325 Telok
      542 words
    • 615 20 m A |g I \cTTJ SING INVESTMENTS FINANCE LIMITED M I (Incorporated in the Republic of Singapore) H I 96 Robinson Road, SIF Building, Singapore 0106. H The Directors of Sing Investments Finance Limited and its Subsidiary Company (The Group) are pleased to make the following announcement I (I) AUDITED
      615 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 5110 21  -  By Diana Oon SINGAPORE STOCKS began the week on a soft note after strong gains in the past two weeks. The Straits Times Industrials Index moved sideways yesterday, ending only 0.23 point higher at 1.558.64. Market observers attributed the laek of direction on the
      5,110 words

  • 4555 22 Main Board Sl'l I loreign 11(10 Kt I 2 4% \m.i Pacific 11 Ml I 3» (2 7% I >« >1 >67 I >7 HI 2% I !l Ml I oieign 71*1 t 25 V I MIS Ktii'igii 1270 I 20 1.6% t Properties (>40
    4,555 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 4157 23 Bernama SHARE PRICES on the Kuala Lumpur stock market fell under profit-taking and and buyers' reserve yesterday on lack of fresh factors and poor prospects of major overseas bourses. Japan's Golden Week of holidays which started yesterday also restricted trading. The KLSE Composite
      Bernama  -  4,157 words
  • Page 23 Advertisements
    • 255 23 n THE BEST OF AIRTROPOLIS CHANGI AIRPORT AIRTROPOLIS Singapore Changi Airport has been voted the best airport in the world... three times in a row. Overseas travellers recognise the airport for its fast, efficient and user-friendly facilities. From May 31, 1991, SPH newspapers will unveil a vivid portrait of Singapore
      255 words

  • BT SHARE INFORMATION SERVICE
    • 252 24 Company Dale Year Group Net Net earnings Cross ann to profit/loss (L) per share dividend (000) (cents) S Steamship Apr 29 Dec 90 $25.439($22 59/) 9(6 2) 6(6) Shangii Ij Apr ?6 Dec 90 J3? 8/6) 21 8(17 9a) 12(11/a) foca) finance Apr 23 Dec 90 $3 18/($2./0l)
      252 words
    • 296 24 Company Date Half year Croup pre tax Interim ann to profit/loss (L) dividend (000) SPH Apr ?6 tfb 91 $110 396<$*4 9//) H<8> limes Pub Ap. 19 feb 91 $25 13?<$18 904. 4«4) Antah Hldgs Apr 10 Oe. 90 W$18.0/5($I4 58/) Rump tmas Apr 5 Ian 91 M$5.333<M$/
      296 words
    • 589 24 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Dunlop Est Apr 24 Dec 90 M$3 803(130.423) -(6 8) 5(10 5) Sungei Way Apr 24 Dec 90 M$20 b08i J*****) 228(11 8) 10(3) MBt Hldgs Apr 23 Dec 90 M$46
      589 words
    • 410 24 Apr 29 Lien Hoe Corporation Bhd has entered into a conditional agreement to acquire Damansara Developments Sdn Bhd from Malayan Cement Bhd and Chong Chook Ye* Sdn Bhd. a subsidiary of Selangor Properties Bhd for Msll3m (Ss73m) in cash Apr 26 Technology Resources Industries Bhd is setting up
      410 words
    • 1505 24 Current Ex Books Date Total for Total for payment date dose payable the year last year Acma 5%TE Jun 5 Jun 17 Jul 1 10%TE Awno 5%TE Feb 25 Mar 7 May 15 125%TE 25%TE BAT 104 8% Apr 15 Apr 26 May 10 1524% 100% Boustead 5%(l)
      1,505 words
    • 897 24 BONDS, LOANS WARRANTS Company Conversion period Ciiwriw term tec mm wfcn »>nr« CK Before 26 4 93 1 wacrant pius $3 09 cash Cauwnn Loan Causeway Nt 10 89 to 20/10 94 1 warrant plus 10 77 cash or 1 warrant plus W 77 nominal amount of loan stock Ouan
      897 words
    • 146 24 Company Rights Issue [Xrtoq [jt Restricted issue of S88 514m nominal value of 10% Convertible Redeemable Unsecured loan Stock iCUlS) *****9% issued on the basis of $1 nominal amount of CULS for every 3 ordinary stares ot J1 each held at nominal value Ei-date Apr Books close Apr
      146 words
    • 485 24 Company Rights Issue Alcorn One for two (a MSI 00 per share Issue ot 40m Cumulative Redeemable Preference Shares (CRPS) ot MSO 10 each at MSI per share with 10m detachable TSR on the basis of 1 CRPS •nth I TSR for ewry CRPS Boftan One for four
      485 words
    • 246 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 (nh 1370 00 (26/4/9D J* "J"} iqni L.., *****2 (16 1 91) 1991 low 1149 08 (16 1 91), 1990 tiftv *****3 (16'7 90» 1990 Nch: 1607 17 (77 3,90)^ 1990 low 981 07 <09 11 90* j*>0 tow 1079
      246 words
  • Page 24 Advertisements
    • 597 24 BUSINESS TIMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Ong Kim Tee of Apt BDc 203 Petir Road #09-675 Singapore 2367 have applied for a Retail Liquor Shop licence in respect of premises at M/s Multi Product Company at 15 Senoko
      597 words
    • 359 24 TRI-CAT INTERNATIONAL PTE LTD (In Members' Voluntary Winding-up) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company convened and held at Blk 1002 Eunos Ave 8 *02 56 S pore 1440 on Wednesday 24 April 1991. the following Special Resolutions were duly passed 1 That the Company be
      359 words

  • STOCK EXCHANGE OF HONGKONG
    • 2072 25 Reuter LIGHT selective buying pulled Hongkong slocks out of the morning doldrums to close just a traction lower in a day of lacklustre trade, brokers said. "The market is undergoing a period of consolidation," said John Mulcahy, research director at Peregrine Brokerage. "Buying
      Reuter  -  2,072 words
  • Page 25 Advertisements
    • 162 25 The Tokyo stock market was closed yesterday BANKING, FINANCE 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
      162 words

  • REGIONAL STOCK MARKETS
    • Overseas support lifts Aussie stock prices
      • 802 26 AUSTRALIAN stocks yesterday closed higher on support from US and local investors, with blue chip stocks leading the push, supported by expectations of falling inflation and interest rates. Stockmarket trade surged during morning trade and steadied during the afternoon. The All Ordinaries Index closed at 1558.3, up 20.4 points.
        802 words
      • 147 26 NEW ZEALAND shares yesterday ended slightly higher on big turnover and inkers see the rising trend continuing tJ&is week, provided Wall Street remains steady. The market had a typically quiet start to the week but activity later picked up in line with Australia's bourse, where some key New
        147 words
      • 807 26 THAI STOCKS closed lower with the SET index staying in a narrow range near a resistance point at 900, brokers said. The index closed 4.54 points lower at 867.97 on a thin turnover of 2.30 billion baht. Bangkok Bank dropped eight baht to 359 and Siam City Cement one
        807 words
      • 517 26 PHILIPPINE shares slipped across the board as traders shunned investments pending results of talks on US military bases in the country, due to start today, and ahead of Labour Day activities tomorrow. "There was no reason for the market to buy now. People would rather wait for the bases
        517 words
      • 479 26 TAIWAN share prices finished sharply lower on the heaviest turnover since last June as panic selling hit the weakened financial sector anu pulled other sectors down, brokers said. The weighted index, down more than 300 points in late trade, pulled up slightly to close 260.25 points or 4.3 per
        479 words
      • 720 26 SEOUL STOCKS continued to rise in moderate early trade with buying focused on trade and construction shares despite lack of fresh news, brokers said. The composite stock index stood at 641.95, near the end of the morning session, up 3.24 points from Saturday's close. Brokers said there had been
        720 words
      • 655 26 SOME profit taking at the end of a recent bull run driven by foreign buying nudged prices down but trading was still active. "The foreign interest is still there. The hardest thing is that most foreign security houses are all looking for the same stocks," a foreign broker said.
        655 words
      • 180 26 Wellington Apr 29 NZ Ccats VoKTO) AirN/ 165 -5 108 AN/ Hanking 525 f 25 Bank (If NZ 67 fl 5990 llavcorp 100 Briefly Inv 109 unch ***** Carter Hull 175 2 ***** Cavalier 178 I 254 Ceramet) 120 2 635 Cityrcalties 24 unch Corp Inv 101 I 2378 ('ultus
        180 words
      • 90 26 INDICES TURNOVER Clow April 29 SYDNEY All Ordinaries Index All Industrials Index All Resources Index Turnover (million) 1558.3 2417.1 901 9 110.67 1,537.8 2.394.6 884.2 187.0 20.4 22.6 20 4 -76.33 BANGKOK SET Index Turnover (million baht) 867.97 2.300 872.51 3.700 -4 54 -1,400 JAKARTA Composite Index 420 57 423.15
        90 words
      • 317 26 Apr 26 latex la local c »*y wrtficy year la S$ day H chaft ch year la US$ day ckange cb year World 409 7 0.0 14 4 -0.3 11.6 0.0 9.4 JEAFE 537.3 0.1 14.3 -0.1 8.7 0.2 6.7 Europe 426 0 -0.5 169
        317 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 892 27  -  THE By David Gabriel Using technical methods, the Sang Kancil weekly report tracks the profit/loss position of a $50,000 deposit, leveraged up to 10 times, for trading in a portfolio of deutschemarks, yen, sterling, Swiss francs, Nikkei Stock Index Futures and
      892 words
    • 377 27 REPORTS THE US DOLLAR opened higher in New York yesterday but was off peaks hit in Europe after the market studied the Group of Seven communique and found no sign of concern over the strong US currency. The dollar started at 1.7690/00 marks and
      377 words
    • 991 27 SIMEX EUtOOOU-M Open High Low Sett Est Vol Op/lnt Vol Jun 91 93.73 93.77 93.72 93.76 4396 ***** 2817 Sep 91 93.45 93.49 93.45 93.49 2300 8859 2565 Dec 91 93.00 93.03 92.98A 93.03 800 ***** 967 Mar 92 92.73 92.75 92.70A 92.75 150 5198 302 Jun 92
      991 words
    • 430 27 Cross rates Aprw USS SS Mi l)ni Yen L SFr A$ NZS IJSS 1.7830 2.7650 1.77X0 138.85 0.5992 ***** ***** 1.7100 S$ 0 5604 I 5508 0.9972 0.7787 0.3360 0 8390 0.7204 ***** MS 0.3617 64.48 0.6430 0 5022 0.2167 0 5410 0 4646 0 6184 Dm
      430 words
    • 572 27 Interbank rates SS Bid Offer Overnight 5 3/8 5 1/2 I -month 5 5 2-month 5 5 '-month 5 5 Overnight niotlc: 5-1/2 IS$ Kid Offer 7 days 6 6 I'8 1 month 6 6 1/8 2 months 6 6 1/8 3 months 6 1/16 6 VI6 6
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  • Page 27 Advertisements

  • COMMODITIES
    • 393 28 THE INDONESIAN Chamber of Commerce and Industry (Kadin) expressed concern last week over the fate of around 2.7 million coconut farmers in the country who had been severely hurt by the continuous fall in copra prices on the domestic market, reported the
      393 words
    • 207 28 AFP AFTER seven years of growth, world retail sales of diamond jewellery levelled off in 1990, De Beers chairman Julian Ogilvie Thompson said in his annual statement to shareholders last week. Total sales for the year amounted to U554,167 billion (about 557.3
      AFP  -  207 words
    • 840 28 REPORTS THE PRICE of tin closed seven sen lower at M$ 15.68 per kg on the Kuala Lumpur Tin Market yesterday as the market underwent some technical correction after recent sharp gains. The market, which rose to a five-month high of M$
      840 words
  • 1437 28 Rubber Apr 29 MS (M in Mm) S eenis/kg Noon Close Inl 1 KSS I'ronipl I42.75/I43.75N I42.7VI43.75N Inl 1 KSS M.iy 91 I45.25/I46.25 145.25/***** Inl 1 KSS Jun 147 00/147 50 147 00/147 50 Inl 2 KSS <>l» I42 5U/I44.50N 142 50/144 50N Inl 1 KSS OP I 38.0Q/I40.00N
    1,437 words
  • Page 28 Advertisements
    • 1371 28 BUSINESS TIMES TELEPHONE: 730 5771/5772/5773 FAX: 734-4»»2 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN Hull Swar Todi Yang of No. 50 Chuan Hoe Avenue #02-01, Singapore 1954, have applied for a Second Class, Public House licence in respect of premises at M/s Jack's Place (Tampmes) Steak House Rest at SAFRA
      1,371 words
    • 11 28 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 1213 29 City Flight ETA Flight ETD City Flight ETA Flight ETD Abu Dhabi GA893 1235 GA974 GA886 0005 0010 Kuala Lumpur MH601 MH640 MH630 "olio 0805 0855 MH602 SQI 02 MH604 0700 0730 0740 Adelaide SQ228 2000 QF82 2200 SQ103 0950 SQI 04 0830 Amsterdam GA893 KL837
    1,213 words
  • THE TRAVEL PAGE
    • 683 29  -  POSTCARD FROM ZURICH By Tim Burt SO METHIN G crunched beneath my boot as I walked through the park. Looking down there was a shattered syringe in my footprint and somebody's blood was leaking on to the grass. A few yards away a youth squatted
      683 words
    • 166 29 As at 3pm yesterday: I .ocal dollars to one unit of foreign currenc> ('urrcncies Hid (MTcr \ustralian dollar I *K0 I 400 Canadian dollar 1.527 1.547 N/ dollar 1.032 I 1)67 Sterling pound 2.9X00 3.000 IIS dollar 1.7790 |.7K*>0 I ik'.iI dollars to KM) units of foreign
      166 words
    • 78 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel April 28- lnU-rimtion.il I on** The BuiMing 4414X6-1*51 <*»shore < I )******»72 Ma\ 2 Ftmi) Drink hades kvhnolo^ I xh.h.inm I xhihiinm I Ut < onierenec <ontcrence M.iv X-ll ompuicr "*l| Hongkong ?M.i> <>-12 lnlcin.iiion.il I'kudiv hwrc
      78 words
  • Page 29 Advertisements
    • 41 29 Kokkola? It's the real thing when you book Finnair. With a superb twice-weekly service from Singapore direct to Helsinki and then on to everywhere in Europe from Kokkola to Co-Copenhagen. Call *****77 for details. We know Kuropp fnim start to Finnish.
      41 words
    • 63 29 h|3 IF A JK/fUgg JHR B m p& j| g B ■■k >ini.-iiii.- -^ai^BMi^MII^MB— Who's the woman in the $10,000 gown? he is Singapore's first international celebrity model. And she reveals I more than the clothes she wears. T ,f The latest news and I In Irene Nqs Small Time,
      63 words
  • Page 29 Miscellaneous
    • 290 29 ACROSS fi 234 B I |6 I HT BE 1 How the infection started M 9 Take pleasure in rcsem- Pfl hh hling (4) 10 Kidology? (11) ■■"""■■ii will be a do-g<xxler. your harbouring a spirit (7) 14 J j 16 Continued to think about mm mm 18 17 Sport
      290 words
    • 244 29 Mkk «fil liH Singapore Outlook: Showers over several arias in the afternoon. Forecast: Maximum temperature 33.6* C Assoc humidity 61% Minimum temperature 5.5* C Assoc humidity 98% Hours of sunshine 7.60 Rainfall in mm Nil Rainfall this month 121.3 Rainy days this month.. 12 World forecast Asia-Pacific lli/I/>* (ond. ~nd
      244 words
    • 17 29 C£cop£D "TRFMN so*<ePToTae someone: o-iRKe f\ fcp\»NJy raONDfV/.- S<m... 8416 c EVENING STANDARD CO. LTO .IM2-1991 Q<cjk~
      17 words

  • 395 30  -  Brunei visit part of Asean eourtesy calls By Alvin Tay PRIME MINISTER Goh Chok Tong continues his courtesy calls on the Asean countries today with a twoday visit to Brunei. Mr Goh will have an audience with Brunei's Sultan Hassanal Bolkiah in
    395 words
  • 240 30 Reuter THAILAND is planning an annual gross domestic product (GDP) growth over the next five years of 8.2 per cent, down from 10.8 per cent over the past five years. Exports, which have been the major driving force of growth, are set to expand
    Reuter  -  240 words
  • 458 30  -  By Anna Teo BUSINESS Environment Risk Intelligence (Beri) is expanding its portfolio of country business and credit risk surveys. The American-based but Swiss-owned consultancy firm, which has been giving Singapore top marks in its various reports, is adding new studies this year,
    458 words
  • 762 30  -  The Bottom Line S N VASUKI S N VASUKI The writer is a BT journalist THE STAGE is being set for a monumental battle in the AsiaPacific region. The key players in this battle for market share are stock market regulatory authorities and the
    762 words
  • 108 30 Bernama MALAYSIA recorded a trade deficit of M 5627 million (SS4O4 million) in February 1991 against a surplus of $62.34 million in February last year and a deficit of 514.4 in January this year, the statistics department reported yesterday. Fxports fell more by
    Bernama  -  108 words
  • Page 30 Advertisements
    • 170 30 JIL Baume Mercier GENEVE 1830 ■-}V* *y *~"U ji I I USUAL Relational Business graphics Q<tl database Desktop tools oq)l JUU Spreadsheet Communications Word processing Network-Ready Wf)W Move up to Open Access 111. If that's not enough, here's one hundred more reasons to leave your current software behind: j. Simply
      170 words
    • 93 30 Baume Mercier GENEVE 1830 There are lilt 4 restaurants in town. Thankfully v/ui only one of them serves the best Ikan Fepes (chilli fish-wrapped IVQn Ppnpc JLB inbananaleaf) ,heMu,iara ]J\Qll 1 vUvJ Indonesian Restaurant. Praised by connoisseurs, ranked among W, Tatler's 100 Best 111 Singapore, curry, Pi' \I s\ 11
      93 words

  • Shipping Times
    • 417 31  -  By Dexter Lee IN A SURPRISE turnaround. the Asia North America Eastbound Rate Agreement (Anera) has sharply reduced its fuel-relat-ed surcharges. It was only last month that the shipping conference, whose members include national carrier Neptune Orient Lines, decided to keep its relatively high levies
      417 words
    • 327 31  -  By Rahita Elias PHILIPPINE-BASFD shipping agent E Sharp has won a major crew ing contract tor Vietnamese seamen from a Japanese shipowner. C aptain Hans Roscnteldt, managing director of E Sharp Shipping Agencies in Singapore, told BT that the company recently become
      327 words
    • 283 31 Reuter BRITAIN. at loggerheads with China over plans for a multi-billion dollar port and airport complex in Hongkong. should make concessions so the project can go ahead, a newspaper sur\e\ showed yesterday. A telephone poll conducted by Asian Commercial Research (AC R)
      Reuter  -  283 words
    • NEWS SUMMARY
      • 37 31 I ()VH tor cycling, belief in alifornia's new-agt management style and cutting-cdgc technology has transformed Mike Smyard's daydream into one of Americas fastest growing corporations. Specialized Bicvcle Components Inc Page 2
        37 words
      • 32 31 THK I S Navy says the Gulf War coalition is continuing to intercept Iraqi-bound shipping, hut Jordan complains that the operation is hurting its economy Back Page
        32 words
      • 33 31 \LI lED minesweepers need a few more weeks to clear the (iult of Iraqi mines, said the commander of Britain's naval task force Back Page
        33 words
      • 31 31 CONVERTED tourist ferry in Sweden houses hundreds of political refugees awaiting decisions on whether they will be sent home or to refugee camps ashore Back Pago
        31 words
      • 41 31 THE SHUTTLE Discovery has rocketed into orbit from Cape Canaveral. Florida, on an action-packed flight to find out how to pinpoint enemy missiles so future "Star Wars" battle stations can blast them out of" space Back Page
        41 words
    • 253 31 EIGHT local companies led by the Association of Singapore Marine Industries (ASMl) will promote Singapore's marine services at an exhibition in Jakarta next week. Called Marine Indonesia '91. the exhibition is being held as part of the Technology Indonesia Year and will be held alongside
      253 words
    • 199 31 Reuter TANZANIA. Uganda and Zambia have agreed to launch a joint airline and are looking for foreign investment to finance it, officials from the three nations said in Kampala on Sunday. The airline, to be called Africa Joint Air Services
      Reuter  -  199 words
    • 207 31 Reuter C HINA will buy two TU 154 airliners from the Soviet Union next month, the offieial C hina Daily said last Saturday. The military-run China United Airlines signed an agreement last Thursday tor a hank loan of 160 million vuan (5553.8
      Reuter  -  207 words
    • 754 31 CONTRACTS totalling well over US$5OO million (SsBBs million) were placed in the past three years for tanker life extension and conversion projects, a report makes clear. Drewry Shipping Consultants' latest report. The World Ship Repair and Conversion Market, is published just as the fierce
      754 words
    • LOG BOOK
      • 62 32 nil' I VSSII l( AI lON SOCIFIA American Bureau of dipping \BS) has elected IS new members at a meeting M t»n April 16. I lie mcmlxrrs are experienced persons from ie marine, offshore, (vtroleum aiul marine underwriting lusiries. I hey will assist AUS in
        62 words
      • 60 32 l'l PAIRS on the 34,100-dwt Algerian bulker Scr.sou. which vv is damaged in a collision, began on April 23 and are vpeeled to be completed today. Lloyd's Shipping Intelliv'ikc said last Friday. Ihe Srrsou was damaged in a >llision with the Canadian bulker Silver Isle on
        60 words
      • 84 32 I'UKMA has purchased computers and equipment from < lima for use in modernising the operations of the coun--11 s poit authority, state-run Radio Rangoon said last iida>. I he radio said in a broadcast monitored in Bangkok that the deal, worth USSS36,(MM). was for the China
        84 words
      • 83 32 I RLCFDLI) OI L Finnish coasts and off Leningrad in (iulf of Linland. the Marine Research Institute said in latest survey last Friday. At Finnish ports, icebreaker lp would be available only to ships of Finnish-Swedish ice >ss IA above 2.000 dwt at Kcmi, Oulu
        83 words
      • 89 32 111 PANAMANIAN IHJLKLR Pollux, which developed a iM after leaving San Francisco on April I I, has returned to >tockton where part of the cargo will be discharged and i-'placed with new cargo. Lloyd's Shipping Intelligence said 1 ist Lriday. The 13.451-dwt ship was loaded with
        89 words
      • 73 32 ill! PANAMANIAN refrigerated vessel icnfu sailed from Rah.iul, Papua New Guinea, for Japan on April 23 after niporary repairs following a collision with hulk carrier < rest I. Lloyd's Shipping Intelligence Service said last I ri!>i\. I he lentil. 6,530 dwt, damaged its bow in
        73 words
    • 955 32 HEIGHT market activity on r day was subdued as conflictinformation left the market idccided which was reflected in the BEI being unchanged at I ,fi *0. brokers said. Within the index, the US nil/Japan grain route edged a tie higher to U5525,958 from 5525.833 but the US Gulf/Eur
      955 words
    • 1211 32 A love for cycling and a belief in California's new-age management style has transformed a daydream into one of the US' fastest growing corporations. UPI Mike siny a r d stands amid the spaceage technology of the research and development laboratory of Specialized Bicycle Components,
      UPI  -  1,211 words
    • 974 32 April 25-30: 46th International Federation Air Line Pilots-Asso-ciations (lfalpa) annual conference. hosted by Air Line Pilots Association Singapore. Raffles City Convention Centre. Westin Hotels. April 29-30: Seminar on International Trade Practice Commercial, Operations and Financial Aspects, organised by Facs World Ptc Ltd at Carlton Hotel. For further enquires
      974 words
    • 12953 40 1 his is a list of ships loading at Singapore tor 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 Fort of Singapore. \dvaneed dates are published for a
      12,953 words
    • 3346 45 yV.B( Containerline NV: Bclsin Shpg Agcncics Pic l td (SyMannc Handling Sdn Bhd (PK/PN). Accord Croup Accord Shpg l*te Lid (SyAccord Contr l ine (PK/PN). Ad km Business Corporation Philippine: Cateourcc Shpg Trdg Pic Lid (S) Ahrenkiel liner Service: Kim Shpg Trdg(S). Albatrus Sea-Air Service: Frata Shpg Ptc
      3,346 words
    • 261 45 Abacus Couriers Tel 545-8011. Fa*: *****98 Air Kxprcu I ravel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Td 542-8844 Fax: *****16, *****80. Airswift Worldwide Conner Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-link International Tel: 344-3377. Fax: *****50. Cluster link Supplies A
      261 words
    • 1518 45 Abe\ F.xpress Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822 Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05 Aerospeed Tel: 542-5911. Fax: *****18. Afar Cargo Now Kxpress Td: 542-5454 Fax: *****06. Air Express International Td: 542-7666 Fax: *****74. *****50 Air
      1,518 words
    • 2945 46 ARGENTINA San Lorenzo. Port full; 8 vessels berthed loading various commodities, mainly (train by-products; 5 vessels anchored in roads awaiting berths of which 3 to load byproducts. 2 grain. Rusariu: rhree vessels in port ol which I loading sugar. I pelletised meal. I grain; 1 vessel berthed in
      2,945 words
    • 460 46 ARRIVALS 1 DEPARTURES Op Flight Type ETA r From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B707F 0150 SEL FDX FM22 DCIOF 0335 1 TYE/NRT/ANC JAL JL6I7 B747F 0345 NRT NCA KZ204 B747F
      460 words
    • 505 46 SHIP SALES TANKER RATES Reuter AFP FOUR sistership tweendeckers were purchased b> London-based interests for about USSI2 million en-bloc, these were the 1979-built Las Coloradas and Pino del Agua, plus the 1980-built Alesria de Pio and Palma Mocha, all of 14,854 dwt. VESSELS SOLD FOR FURTHER TRADING T wwndcckci s
      Reuter; AFP  -  505 words
    • 220 46 CRUISE FERRY SCHEDULES CRUISE SHIPS An- Pep Name of Vessel ETA ETD Ports of Calb Port Agent MAY 02 02 Cora Princess 1000 1800 Jakarta-Sin-Jakarta Sembawang Johnson 05 06 Sea Princess 1200 0200 Sin-Penang Straits Shipping 06 06 Cora Princess 1000 1800 Jakarta-Sin-Jakarta Sembawang Johnson 09 09 Ocean Pearl 0700
      220 words
    • SHIPS IN PORT
      • 613 47 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Depart™ Keppd Wharves Rota Petaro E 894 K31 alongside 05 05/0600 Kota lunui E8% K32 alongside 30 04,0600 Frans Fiord 198A C09 alongside 29 04/1600 Ve La 2A K34 alongside 30 04/2300 Mighty Star 02/91B M3B
        613 words
      • 1305 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Sty Voy No Etb/Btr Period From To From ACXI* 10A 0l/?000 3 30/0/00 30/1159 30 1400 1 4 30/1200 30/1459 30/WOO ah. p,,dH ***** 01/1430 1 29/1500 29/1659 29/1900 A,h Knde 2 29/1/00 30 0659 30/0900 3
        1,305 words
      • 224 47 Penang Port Berth n Butterworth on Apri 30: 1: Memna Elesa; 2: Kesuga I; 3: Tai Hang Shan, Sri AnKa; 4: ml; 5: Swadaya; 6: Equator Pride. Penang Mhvf: NB nil; C8: ml; SB: ml BCT: Bl: ml; Bl Anangel Spirit l/B: ml VOTP: nd. Due on
        224 words
    • 431 48 Jordan complains the operation hurting economy AP THE United States Navy says the Gulf War coalition is continuing to intercept Iraqibound shipping, but Jordan says that operation is hurting its economy as well. The Naval Forces Central Command issued a statement in Manama, Bahrain,
      AP  -  431 words
    • 336 48 AP \l I III) minesweepers need a few more weeks it) clear the (iull of Iraqi mines, the commander of Britain's naval lask force said in Aim l>habi. in I lie I i illicit \rah linn rates, on Sunday. "Iraq
      AP  -  336 words
    • 176 48 UPI FORD OF EUROPE, the European subsidiary of US carmaker Ford Motor Company, confirmed last Friday that it planned to axe hundreds of jobs among its salaried workers over the next three years. The cuts would affect around 30 per cent of "indirect" salaried
      UPI  -  176 words
    • 462 48 AP A CONVERTED tourist ferry named Friendship is where life in Sweden starts, or is denied, for hundreds of political refugees. It is anchored off an industrial area and houses 250 asylum seekers awaiting decisions on whether they will be sent home or to
      AP  -  462 words
    • 427 48 UPI THE SHUTTLE Discovery's seven-man crew rocketed into orbit on Sunday on an actionpacked flight to find out how to pinpoint enemy missiles so future "Star Wars" battle stations can blast them out of space. Running two months late because of technical problems.
      UPI  -  427 words
  • Page 31 Advertisements
    • 287 31 SSWEE HtNG METAL CO PTE LTD IJ. roAS AVfc 14. SINGAPORE 2»J FEIEX H3 206/8 TEL: 861 M 55 <Ji.n«»| TCIEMI Ml Mt FL ,ln 9« c> S/tU.ACIMI ft'* ratqu* iiMiirotr Mala«ma j Convalor I iiaii apw), inimm»>.m\ Ommi i LPG rim irrrtr* 1 mpHjr •Canl»« Sfc«» WnthouM T iud«
      287 words

  • Page 32 Advertisements
    • 128 32 mm. '-a- r4 IHH i pF il BIL I r^HStfEV Scalpel... scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the runrnl trends that affect them you nerd to be kept well informed to maximise returns on Kssential informal ion accessibte every business day your money |hrou(
      128 words

  • Page 33 Advertisements
    • 2308 33 0 lAROINE SHIPPING AGENCIES AXi Cjnlimnifril Ruait #12 OS Southpoint, Siniwput* 1)208 WWWWW *****11 lEWX NO RS 241/9 Iffnnvi TERMINAL C(S TH <*****8 220 PBflflMy| BOOKINGS M *****34 258 L VA*# M PESAKA JARDINC SHIPPING AttNCIES SON BHD PORT KEIANG TEI *****18 TFIEX NO MA394/7 MA PENANG TEL *****4 TfIEX
      2,308 words
    • 958 33 MDEX TOfIDVERTISERS <ol Page Col I X Macotinc 4/5 •Macrskl.inc 3 4/5 ABC Containerline 12 1 14 1-3 Accord (iroup H 1-3 M'sia Shpg Corp 1/2 Alhatros Sea-Air 14 3 Mercurv Line 12 2 Allied-Link 16 4/5 «MOI IK 4/5 API 5 3-5 MOSK (Forest) 5 5 AP( Line 13
      958 words
    • 2132 33 ■□EnasßHuaa SINGAPORE TO KOBE IN 8 OAYS ETO SINGAPORE BTH WAY. 1991 MAJESTIC MAERSK VOYAGE 9104 ETA KOBE 15TH MAY. 1991 Vesset Voy ETA I ETO "Port 'Pcnang DESTINATIONS Singapore Kelang A!-..* MAiesTir Maersti 9104 hy CFS 7•> ***** MRS OAK LGB MOU MEM ATL MIA CHS BAI PHL NVC
      2,132 words

  • Page 34 Advertisements
    • 1208 34 m T 1 JROTTF DAMT VOY NO S POHt I SOUTHAMH'ON InAMtHIRG ANTWLHP If HAVHt- I LA SEINE ?},5 ,'H'b 11 CUM PASCAL 01.31/ &>5 A? 5 2* 5 J. ALL MiSTBOUNO P. HONGKONG FXPHhSS 0i;u8 9/5 3 6 4/6 KELANG ft PCNAMC CARGO KAGA 18-318 12/5 »S 3 3
      1,208 words
    • 569 34 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISLA Fl ORE ANA 2208E 25/5 9'6 tl'6 17>6 ALSO ACC£PHNC CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA NUKUAI OAF A DIRECT CHILE SERVICE SIN IQQ ANf VAP CLX SAI (PERU) I SLA FLOREANA ??08£ 75/5 30'6 1// 4" 6'' 117
      569 words
    • 1269 34 *unff I REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL,VOY SIN ALG BCL HAM BRE ROT ANT FEL I ALG) HAM) ROT) I H ARABIAN SEA 108W 02/05 23/05 24/05 29/05 30/05 31/05 01/06 02|06 03« NORASIA SUN 9109 3 05/05 26/05 27/05 31/05 01/06 02 04,06 05,06 NORASIA
      1,269 words

  • Page 35 Advertisements
    • 2009 35 SsjSteamers Maritime Holdings Ltd I jnj^iT^mPPiNG Containers Hi jg-»« -w— fey No Per Phi Spore Alg Sou Ant Hot HDg ACCEPTS DUE SAILS LICA MALRSK 4106 27 04 29 04 0205 1/05 20,05 21,05 22 05 CARGO OSAKA BAY Mi 2'0«2904 06OS 22 05 :«05 2705 STRAITS VENTURE VO/E Muarj
      2,009 words
    • 2088 35 TO- U S A /PANAMA FW S A./PAMAMA .r. r CM c AU «TC NOR SAW CRI ICS OAR SP cr 2ff 55 Ji im ST 1M CHOTANC FRONTKR «A lU 2»/3 »J 11 1 M 1W 1W 1M BRf Mi N SINAIOR IF 117 4/5 W M W If*
      2,088 words
    • 364 35 SARAWAK/ SABAH/ JAPAN SERVICE LOADING FOR BANGKOK M.V. TRONO V 76 ETA BANGKOK 17/5/91 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG, TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK PL DBN CT JAY SOLA V 96* SM 2/5 J/5 15/5 21/5 27/5 'Also
      364 words

  • Page 36 Advertisements
    • 658 36 Mliillil CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE WL,VOT [TPORF ROAM. ADAM H BURG BROUN ANTWERP KUTAI22WB 10(5 8/6 19/6 2* MAT ARAM 10/6 W W W fast transit time ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject to mduc.rn.nt Also ■cc.ptlnfl cargo to C«Mbl»nc« Port Said. Port Alexandria. Ganoa. Trlaate ALSO ACCtPTING
      658 words
    • 901 36 /a» a at Xy HANJIN SHIPPING I FEEDER VSI SIN I LINE HAUL LAX OAK H (TpocTILEH rtm an* ham mv eel I T D r« 014t UK HANJIN TONCHAE o*l* 29 4 16,5 P/i ISli IS/5 20,5 21(5 I 2 ha*BURC (xL 7ft DIRECT 7* »6 HANJIN FELIXSTOWE 00/W
      901 words
    • 1223 36 -J. j J I PKL SCP HKC KSC KLC PUS MKT OS* NCY SM7 TYO LAX CHS BAI NYC LMV AND ROM THP HBC PSO CMB PKL SGP I l GUIDE Rl 047 Ift 2/5 7/5 Ift 10ft w IVS W llff 1« a» H|s 1» W M W M
      1,223 words

  • Page 37 Advertisements
    • 1734 37 y NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS' UK/EUROPE SERVICE *****19 USA SERVICE *****16 SjSU AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE *****48 99V am terminal office-*****22 documentation dept: *****44/*****14 ZEZ CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 I NEPUNE SDN BHD MALAYSIA K 1. (03)
      1,734 words
    • 1053 37 SINSOV I 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) I I DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND I vessels vor ism 151* ««c vor Isin Ipki hbc
      1,053 words

  • Page 38 Advertisements
    • 1330 38 pteii w _i M AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) rfi TEL *****77 TELEX KAWAKIRS23I6S FAX: *****79 1 ¥ml IT 1 MALAYSIA: *K" UNE MARITIME (MALAYSIA) SON BHD I 1 m TEL- PJ *****22 PK *****01/5 PENANG *****5 JB *****1 MM KWSHA.TTD INDONESIA: P.T. SAHANALAUTINTEHNUSA TEL:
      1,330 words
    • 1210 38 PHIU-ORI€NT UN€S PT€ LTD 108 ROBINSON ROAD *0/ 00 GMG BUILDING SINGAPORE 0106 f TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 6 MAY MONTREAL, OTTAWA, TORONTO, VANCOUVER, S'WESTERN ONTARIO. 15 MAY
      1,210 words

  • Page 39 Advertisements
    • 1688 39 sagas If PACIFIC INTERNATIONAL LINES (PTE) LTD Jv flhl p,l Building, 140 Cecil Street *0300, Singapore 0106. r JAKARTA I BANGKOK 1 VESSEL VOV SIN BKK SIN VESSEL VOV SIN JKT SIN PEGASUS PROGRESS 665N 1/5 «'S MAI GUANG 9106 2/5 5/5 KOTA PAMLAWAN 91 UN 1/5 «75 875 BUNGA
      1,688 words
    • 1124 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~j SPORE LEHAVRE ROTTERDAM 1 S HAMPTON HAMBURG GOTHENBURG FRANCE HOLLANO UK GERMANY/SCAN SWEDEN Kcwngan 128 1/5 18/5 19/5 21/5 22/S Nihon* 126 2/S
      1,124 words
    • 599 39 tort* MYANMA yBBk FIVE STAR UNE (Myanmar National Line) Loading (or Yangon (Rangoon) S pore P.KIg Pen P Gdg MYiTKYINA V42BW 2/4 NUy MPA AN VIM* 2/4 Hay PACAN VIWW 2/5 May MYOMAYWA VI3SW 4/7 May 30/3 May THE BANK UNE (A »er*ic« ol Andrew W«ir Shipping) Vf SEMI-CONTAINER SERVICE
      599 words



  • Page 42 Advertisements
    • 717 42 TO AUSTRALIA/NEW ZEALAND V&L S*«t F»*m He'b Syd Aucfc NPt P CHAIN ELLIN Hubicl?<r MfT ~?1 b »5 It W BRUSSEL 271 "»i w lOTS ~Tu m ?it C VEROLMC 272 7I» "Sis 7u fIU ~T> ANIKtRPfN 273 "ST V *7 17/ 117 21,7 23/7 TO USA/CANADA VSL Singapore S
      717 words
    • 918 42 EXPORTS TO HONGKONG. TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNG JKT ~SIN HKC KAO KEE TYO SMZ NGO KOB VESSEL VOY SIN PKL PNG BIW SIN 24 4 5 "29 4 3 5 10 5 14 5 15 5 16 5 ICEBIRO 3* 1 5
      918 words
    • 181 42 i.k p.T. UNITED SHIPPING ORGANISATION LTD 4 oimaiucuuiisfiMCis X JAKARTA SURABAYA* DIRECT REGULAR SERVICES TO JAKARTA 1 SURABAYA W Accept cw|*m to all *th*r l B do««Un porta with tr*uklpa«at at Jakarta ar larakajra. DESTINATION ETA ETD VSL JAKARTA 2/5 2/5 P JAWA 11/5 12/5 P KALIMANTAN W 15/5 16/5
      181 words
    • 1473 42 Hfca f 111 is. $f CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE 2£" I, MISTRI ROAD, HMC BUILDING TELEX. RS 2030 COSMIP *15 00. SINGAPORE 0207 CR NO 1178/*****0 M CABLE COSTARLINE General Agents: OOOTAR SHIPPING rir. LTD TO HOMQKONQ AND CHINA FROM HOMO KONQ AM) CMNA VESSEL/VOY SGP
      1,473 words

  • Page 43 Advertisements
    • 1031 43 roc coKv«wnowAi mvia Vkml PKL PNG P C Loading for A VESSEL 28/04 RotlwdJm Anhrtfp CHINA rUUL CONTAIN** IEHVICI Vts&cl SOP PKI BKK HKC QIN SHA YANGFANCKOU 1« 01/S 2*4 0 2/S 12/5 tt/5 YANGFANCKOU lil 01,* »/S 07/S 12/* W AJso tccapt.ng oth«f ctonna ports m« HKG AUiTtAUA nm
      1,031 words
    • 335 43 IS RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL: *****33 (12 Lines) ZSm FAX: *****15/*****03 |fH| TELEX: RS ***** RISHIP (3 Lines) \J3T\ ETHIOPIAN SHIPPING LINES f (National Lines of Ethiopia) ACCEPTING FCL AND CON7ENTTONAL"~ vessel VOY ETA loading rOR SPORE ABBAY WON 2 2&I05 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA
      335 words
    • 587 43 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KELANG PENANC BLUE JADE !5'5 Loading to' Male IRUVAI MUDHU 10 5 Loading for Calcutta DOLPHIN 10/5 4ft loading For Felwuam PIONEER SUPREME 9/5 Loading for Male OONAKULHI 12/5 Loaded for Feliwaru PROGRESS LIBERTY 304 Loading for
      587 words
    • 866 43 SYDNEY/MELBOURNE BANGKOK V*sgL VOV PORE SYO ME I VESSEL VOY SINGAPORE BANGKOK PLANET A 0648 4 5/5 1170/5 22-24/5 WANA BHUM#* 11N Wed 1/5 Sat 4/5 PIVA BHUM 0/04 14-15/5 27 29/5 31-2/6 MAHA BHUM# 54N Wed 1/5 Sat 4/5 PIANETA OMS 3 4/6 16 18/$ 20 22/6 JENLINK 53N
      866 words

  • Page 44 Advertisements
    • 1394 44 MAC-NELS SINGAPORE EXPORT TEL: *****22 IMPORT TEL: *****02 |l PENANG TEL (04) *****6 KK 'TEL (088) *****0 TAWAU TEL (089) 7/86/9 p KELANG TEL (03) *****7/ KUCHING TEL (082) *****3 SKAN TEL (089) *****2 -l\-/\ 1 J BAHRU TEL (07)*****2 SIBU TEL (084)*****2 SARIKEI TEL (084) *****8 vy /JAKARTA TEL
      1,394 words
    • 400 44 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FUIiLY CONTAINKRISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CIIALMKRS ACCEPTING KCL St I.CI. FOR AUCKLAND. NAPIKK, WELLINGTON. BLUFF. CHKISTCIIURCII. DUNEDIN. LYTTKLTON. INVERCARGIL. FIJI ANI) TAHITI SIN N Pl* AOCK LYT PROSPECT ITS 8 May 18 May Via NPI 70
      400 words
    • 990 44 /ZT] THONG SOON LINES PTE. LTD. X 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****55 (BOOKING LINES)" SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL |WT lETA JoEST VESSEL
      990 words


  • Page 46 Advertisements

  • 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
      216 words
  • Page 47 Miscellaneous
    • 329 47 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 **********00 1200 1300 1400 *****600 *****800 1900 2000 2100 2200 2300 3.0 27 23 16 1.1 06 04 03 05 09 16 22 25 26 24 19 1.5 1 1 09 08
      329 words

  • Page 48 Advertisements
    • 803 48 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. I 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 PTI WAN HAI 202 019 28,04 30/04 01/0S H COMMANDER 25E 27/05 30/05 03/06
      803 words
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