The Business Times, 10 May 1991
1991-05-10
1
46
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The Business Times
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Title Section9 1991-05-10 1 BusinessTimes MCI (P) 16/12/90 Friday, May 10, 1991 75*9 words
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NEWS SUMMARY
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54 1991-05-10 1 INDIA'S central bank has imposed a 25 per cent surcharge on bank finance for imports to conserve rapidly dwindling foreign exchange reserves. The Reserve Bank of India said foreign exchange assets fell to 28.02 billion rupees (552.48 billion) on April 19 from 42.0854 words
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59 1991-05-10 1 THE NUMBER of Americans filing new claims for unemployment benefits fell dramatically at the end of April. For the week ending April 27, the number of people filing unemployment claims for the first time fell by 45,000, down to 455,000 from the previous week's59 words
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Article42 1991-05-10 1 SINGAPORE'S usage of CFCs has dropped drastically to less than 50 per cent of what it was in 1988. Major importers and suppliers estimate that the current usage level is between 1,800 and 1,900 tonnes a year Page 242 words
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Article27 1991-05-10 1 CMB Packaging, the world's third largest packaging group, will bank on a low-cost innovative strategy in the hope of maintaining its leadership role Page 227 words
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Article23 1991-05-10 1 AUSTRALIA has denied plans to forge a trade bloc from the regional body Asia-Pacific Economic Cooperation (Apec) Page 723 words
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Article33 1991-05-10 1 SOUTH KOREA'S business leaders have criticised the government for not dealing quickly with escalating political unrest, saying it has tarnished Korea's image as a safe place for investment Page 833 words
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Article20 1991-05-10 1 IT WAS wrong of the Federal Reserve to have cut the discount rate, says The Economist Page 1120 words
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Article17 1991-05-10 1 AN Off Broadway version of Singapore Swing opened in the US on Tuesday Page 1317 words
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Article34 1991-05-10 1 BUOYED by the recovery in world shipping, the Philippines expects overseas deployment of its seamen to grow 8 per cent a year over the next two years. Shipping Times, Page I34 words
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MARKETS SUMMARY
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Article33 1991-05-10 1 WALL STREET stocks were firm in mid-morning trade yesterday. The Dow average was up 18 to 2949. Advancing issues outpaced decliners by roughly three to two on nearly 40 million shares.33 words
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Article45 1991-05-10 1 SHARES were higher at midday yesterday, pushed up by some moderate buying in the absence of any significant selling pressure. At about 1115 GMT, the FTSE 100-share index was up 16.5 points, or 0.7 per cent, at 2,539.9. Volume was 242.1 million shares.45 words
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Article35 1991-05-10 1 DIRECTORS of flour miller Prima Ltd do not believe that stock splits and bonus issues will benefit the company, said chairman Cheng Tsang Man in response to a shareholder's query Page 335 words
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Article30 1991-05-10 1 LOW HUA KIN, who sold his one-fifth stake in Guthrie GTS last May, has emerged as a substantial owner of Pacific Can Investment Holdings Page 330 words
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Article29 1991-05-10 1 IN ITS bid to become a centre for captive insurance, Singapore should attract more sources from the Far East, especially from Japan, Taiwan and Korea Page 629 words
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Article, Illustration29 1991-05-10 1 Thursday Change BT-MGA 733.07 +2.15 Kuala Lumpur ....584.96 +3.02 Tokyo 26,438.50 +128.71 Hongkong 3,744.46 -3.34 Sydney 1,546.3 -I.I Wednesday Change New York 2,930.90 +13.41 London 2,523.4 -17.129 words
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Article24 1991-05-10 1 Exchange rates USS SS 1.7710 100 Yen SS 1.2805 VIS S$ 0.6417 Money market rates Overnight 4 5/8 +5/8 3-month 5 1/16% +1/1624 words
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Article37 1991-05-10 1 London Gold AM fix US$356.85 US$0.45 Rubber S'pore June.. l45.00*/kg -0.50 M'sia June 225.00*/kg -0.50 KL Tin Turnover 60 tonnes -20 Spot M$I5.35 /kg -18 Crude palm oil Turnover 1,353 lots -178 May M$779 /tonne +437 words
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306 1991-05-10 1 Shoeb Kagda - By Shoeb Kagda THE multi-billion-dollar tourism project in Desaru will be completed on schedule despite the legal wrangles between the two largest partners, Johor Mentri Besar Tan Sri Muhyiddin Yassin said yesterday. He said he had been told that all possible efforts are306 words
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415 1991-05-10 1 Selva Kumar - Proposed tie-up likely to be in shiprepair, maintenance By Selva Kumar DISCUSSIONS are now underway for a joint venture between listed company Singapore Shipbuilding and Engineering (SSE) and Indonesian state-owned shipbuilders PT PAL Indonesia. According to a Jakarta Post report on Tuesday,415 words
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Article, Illustration61 1991-05-10 1 VINCENT TAN has been making money, lots of it, for the Inter-Pacific group of companies. Why has this not endeared him to institutional investors? After all, there is no doubting the conglomerate status of Inter-Pacific. Indeed, the sheer diversity of the group is impressive. It has stakes,61 words
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248 1991-05-10 1 Kenneth James - By Kenneth James THE United States should lift its embargo against Vietnam as soon as possible, says a former Governor of California, who believes American political and business leaders are losing out by underestimating the potential of Central and South-east Asia. Too many248 words
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Article131 1991-05-10 1 ALL THE WORLD'S a stage, but will Singapore .ever become a viable movie set? Jennifer Lien and Jaime F.e peer behind the curtain of EDB incentives to find out what other props are necessary if j Singapore is to become the film hub of the region.131 words
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258 1991-05-10 1 S N Vasuki - From S N Vasuki in PERTH SINGAPORE'S hotel tycoon Ong Beng Seng is buying another hotel in Perth. A few days ago, Mr Ong reached preliminary agreement with the management of Town House Hotel, located in Perth's fashionable Hay Street area, to258 words
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Article, Illustration56 1991-05-10 1 Prime Minister Goh Chok Tong and Johor Mentri Besar Tan Sri Muhyiddin Yassin sharing a cordial moment during a Hari Raya dinner in Johor last night. Mr Goh was accompanied by Minister of State for Communications and Trade Industry Mah Bow Tan and Senior Minister of56 words
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Page 1 Advertisements
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Advertisement178 1991-05-10 1 Cfullmqrip„ TEL: 268 6688 i Aircraft Schedule 27 Money Market 25 World News 8.9 Commodities 26 Regional Co News 4 Cryptic Crossword 27 Regional News 7 Editorial 10 Regional Stock Markets 23 For market indices, editorial. Financial News 6 SES 18,19 advertising and circulation exFutures Options 25 Share Information 20178 words
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Advertisement7 1991-05-10 1 California dreamin' of regaining glitter. Page 117 words
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Advertisement72 1991-05-10 1 I UPlfire Compact A3-format Copier. nunoua OT ——?fc N Korea 1 a ve out loo^ 6 S? A V\ 0 n° ut V >Ao^ 6t s »v\v c 164 l I «ot V° daV I f ten I 8 TaV)\C otT e J|R Pet r)'o^ cVt n *»*£*>«£&■** hB r72 words
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HOME NEWS
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NEWS ROUNDUP
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68 1991-05-10 2 BEGINNING NEXT YEAR, 120,000 workers aged 40 and above with little or no education can enrol for various vocational training courses run in Mandarin, Malay and other languages. The courses, run by the VITB and NTUC, will cover various sectors like construction, electronics68 words
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Article75 1991-05-10 2 THE ENTERPRISE Promotion Centre and the Singapore Indian Chambers of Commerce will hold a joint seminar at the Amara Hotel this afternoon on the legal aspects of international trade. Gerd Langer, a trained lawyer and a senior adviser to the International Trade Centre, an UNCTAD body,75 words
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Article47 1991-05-10 2 THE CIVIL AVIATION AUTHORITIES of Singapore and Malaysia conducted a search-and-rescue exercise yesterday. The fifth joint exercise by the two countries set out to test communications facilities and coordination procedures developed bilaterally for the search-and-rescue of aircraft in distress near the countries' common boundary.47 words
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Article45 1991-05-10 2 THE SINGAPORE GOVERNMENT is contributing U5525,000 to help alleviate the plight of the Kurds and other Iraqi refugees. The donation is in response to the appeal of UN agencies. The donation will be channelled through the United Nations Disaster Relief Organisation.45 words
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Article42 1991-05-10 2 ABOUT 170 quality circles that took part in the 1991 National QCC Convention have achieved cost savings totalling $3 million from their projects. About 86 per cent of these savings came from circles from the private sector.42 words
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350 1991-05-10 2 Genevieve Cua - Current usage is 50pc less than 1988's level By Genevieve Cua SINGAPORE'S usage of chlorofluorocarbons (CFCs), a group of ozone-depleting chemicals, has dropped drastically to less than 2,000 tonnes a year, less than 50 per cent of what it was in 1988.350 words
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Article204 1991-05-10 2 THE AIR-CONDITIONING industry is racing to find alternatives to ozone-depleting chemicals. Earlier this year, Ashrae's local chapter (American Society of Heating, Refrigerating and Air Conditioning Engineers) submitted a paper to the Environment Ministry, dwelling on possible incentives and even legislative control. A helping hand is also204 words
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Article, Illustration353 1991-05-10 2 Teh Hooi Ling - By Teh Hooi Ling IN ITS BID to attain the leadership position, CMB Packaging, the world's third largest packaging group, will employ a low cost strategy, be innovative, and in the process gain a bigger market share, said the company's president and353 words
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225 1991-05-10 2 TRADE INFORMATION about Asean countries at your fingertips: this is what a computerised link-up between the six member nations will provide. Called Aseanet, the system will make trade data between countries more accessible. George Abraham, secretary-general of the Asean Chambers of Commerce225 words
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170 1991-05-10 2 THE HDB mortgage rate will fall for the first time in three years when the Central Provident Fund Board adjusts it to 4.64 per cent this July, down from the current 4.95 per cent The CPF savings interest rate170 words
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120 1991-05-10 2 A BUSINESSMAN was charged in a subordinate court yesterday with soliciting a $250,000 bribe from Moroccan businessman Elyamani Khamis, who is being investigated for offences under the Companies Act. Owner of a marketing services company, R Sekhar s/o R G Van is accused120 words
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Page 2 Advertisements
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Advertisement131 1991-05-10 2 605 In a word: Authenticity. detail the 605 speaks engineering, its exclusive individuality, its exciting refinement Peugeot's new top of the range luxury saloon 11 v." fl| speaks of the man behind its wheels. His Jk J TA desire for h's J -;~~.^l^t s -T£i^^£S -::~teßgfe ;<ss4-,... {^MM«fc«^Jro3iHfe?' i. '"iy/131 words
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SINGAPORE – MALAYSIA COMPANY NEWS
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488 1991-05-10 3 William Chia - By William Chia DIRECTORS of flour miller Prima Ltd do not believe that stock splits and bonus issues will benefit the company. Chairman Cheng Tsang Man expressed this opinion at the company's 31st annual general meeting yesterday. He said that while such practices488 words
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364 1991-05-10 3 Chuang Peck Ming - By Chuang Peck Ming MR LOW HUA KIN, who sold his one-fifth stake in Guthrie GTS last May, is now a substantial owner of Pacific Can Investment Holdings. Yesterday, Pacific Can announced in a statement that Mr Low had paid $2.83364 words
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416 1991-05-10 3 Selva Kumar - By Selva Kumar TRADING company Intraco Limited will be setting up a representative office in Hungary to further strengthen its presence in Eastern Europe. In its annual report for last year, Mr Tien Sing Cheong, managing director of the Intraco416 words
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333 1991-05-10 3 Bernama KESANG Corporation Bhd's gold mining project in the Philippines is scheduled to commence operations in August, and is expected to generate profits in its first year of operation, executive chairman, Datuk Haji Matshah Sapuan, said yesterday. He said the company couldBernama - 333 words
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432 1991-05-10 3 THE HOCK LOCK SIEW COLUMN MBT ORIENTAL Holding's superb performance was a surprise, even to some of the more bullish analysts, given that the company had originally expected its second half results to be lower. As it turned out. Oriental's earnings accelerated in the secondMBT - 432 words
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278 1991-05-10 3 LISTED Steamers Maritime Moldings has bought a controlling stake in Singaporebased airfreight forwarder Amerford International Freight, marking another step closer to Steamers' goal of becoming a regional intermodal operator. Amerford International was set up in 1987 by USbased Amerford and local businessman Ng278 words
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200 1991-05-10 3 OCBC Bank, which sits on a substantial land bank, is reviewing strategies to optimise returns from rent-controlled properties. In its 1990 annual report, OCBC chairman Mr Teo Cheng Guan, said the bank is reviewing its strategies following the progressive lifting of the Control of Rent200 words
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COMPANY BRIEFS
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84 1991-05-10 3 UNITED ENGINEERS (M) Bhd reported a 17 per cent increase in group profit after tax and minority interests to M 520.3 million (Ssl3 million) for the three months ended March 31, 1991 from M 517.3 million recorded in the previous corresponding quarter. Group turnover rose84 words
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Article62 1991-05-10 3 RECONSTRUCTED Faber Group Berhad has reported an unaudited net group earnings of M 534.2 million for the nine months ended March 31, 1991 against a loss of M 512.7 million in the previous corresponding period. The company said group turnover rose 40 per cent to62 words
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Article86 1991-05-10 3 KECK SENG (M) Bhd reported a 12 per cent increase in its unaudited group consolidated operating profit to M 529.7 million for the year ended Dec 31, 1990 from M 526.5 million previously. Group turnover rose by 14 per cent to M 5336.73 million86 words
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Article53 1991-05-10 3 KINTA KELLAS Investments has made group net earnings of Mss million for the first quarter of 1991 on a turnover of M$ 13.79 million. It suffered a loss of MsBo,ooo the year before on a turnover of M 59,000. Earnings per share was 3.2 sen. No53 words
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Article44 1991-05-10 3 PROMET said its directors and substantial shareholders have no interest, direct or indirect, in the purchase of shares in Perry Dines Corporation of New Zealand. The statement was made in reply to queries from the Kuala Lumpur Stock' Exchange.44 words
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Article35 1991-05-10 3 PILECON Engineering bought a total of 2.82 million shares in Causeway Investment for $1.7 million on Feb 1 and May 3. raising its interest in the company to 11.99 per cent.35 words
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Page 3 Advertisements
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Advertisement175 1991-05-10 3 w Which hotel will you stay in, daddy? A I ANA HOTEL SINGAPORE I. ill Sh i 1 i i. ii i»• ii.'i K, i t I .-jw 1.1. V \\\l|S|\ KNL'iM" 1.-I FOR THE WORLD'S MOST TREASORED WATCHES Montreßoyale jg» houses some ofthe world's most fashionable The name: Cortina175 words
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REGIONAL COMPANY NEWS
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COMPANY BRIEFS
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67 1991-05-10 4 AUSTRALIAN forestry and mining group North Broken Hill Peko said on Wednesday Indonesia and Chile appeared more favourable than Australia as sites for a Asl billion (S$ 1.4 billion) pulp mill. North Broken Hill Peko and Canada's Noranda Forest cancelled plans for67 words
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Article64 1991-05-10 4 BROKER J B Were and Son has placed 25.91 million shares in TNT Ltd, or 4.5 per cent of the transport company's issued capital. A spokesman for J B Were said the parcel was placed on behalf of an unnamed client to a group64 words
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Article69 1991-05-10 4 PT INDOMOBIL SUZUKI International (ISI), the Indonesian assembler and distributor for Suzuki Motor Co Ltd, will begin production of Suzuki cars and pick-up trucks on May 14 at a new US$4O million (about 5570.4 million) plant in Indonesia. Jakarta-based ISI, owned 49 per cent by69 words
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Article53 1991-05-10 4 NIPON MINING Co Ltd, a major Japanese non-ferrous metal mining company, said yesterday its Hongkong subsidiary had set up a plant in Hongkong to produce copper foils to be marketed in South-east Asia. The subsidiary, Nikko Gould Foil (HK) Co Ltd, has invested US$lO.B million53 words
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Article44 1991-05-10 4 HONGKONG'S Hutch Vision will add 24-hour music and entertainment programming co-produced with US-based MTV Networks Inc to its pan-Asian satellite station Star TV. It has signed an agreement with MTV to provide rock and pop culture programmes in Asia.44 words
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Article37 1991-05-10 4 THAILAND Smelting and Refining Ltd has agreed to take part in a joint-venture to explore for tin ore. The company is negotiating with mining operators in southern Thailand to set up its operation.37 words
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161 1991-05-10 4 CONCERNED Soil and Fertiliser Society of Thailand members have been sidestepped by Thai Finance Minister Suthee Singsaneh, who has instructed his deputy to deal with their questions on the National Fertiliser Corp's project. An article in the Bangkok Post on Wednesday said the partly161 words
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426 1991-05-10 4 Asahi SEVEN Japanese companies that make equipment for manufacturing computer chips have denied charges by a US research consortium that they are withholding new technology from American chip makers. "We have never discriminated against foreign users, both in terms of pricing andAsahi - 426 words
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Article, Illustration363 1991-05-10 4 EAST JAVA GOVERNOR Soelarso will be asking the Indonesian government to revoke the licence which allows the Salim Group to build a cement factory in Madura island. "There are enough cement factories in East Java. They have caused serious pollution," the Indonesian363 words
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366 1991-05-10 4 AFP THE HONGKONG Stock Exchange was in a worried mood yesterday as doubts hung over its ruling body's future after a key official quit amid an ethics row, raising the ghost of a past scandal. "Everyone looks troubled, it's like a haunted houseAFP - 366 words
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361 1991-05-10 4 THE Jungrungruenkit family has become a shareholder of Wearne PT Realty Co, the developer and owner of Pinehurst Golf Club, the Bangkok Post reported on Wednesday. The family, whose interests cover manufacturing of vehicle parts and the Summit group of companies, will361 words
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Page 4 Advertisements
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Advertisement557 1991-05-10 4 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Tan Yang of Blk 368 Duneam Road #01-09, Singapore 1130, have applied for a Beer House, First Class licence in res pea of premises at M/s Kim Seng Snack Bar at 100 Kim Seng Road 104-01 (also known as #04-00) Kim557 words
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Advertisement48 1991-05-10 4 Delicious fresh Seafood, Steamboat ind introducing Roll-Your-Own i POPIAH (Spring Roll) by the Riverside at the WAREHOUSE CORNER... (famous for its Bak Kut Teh). Convenient v Location, Free Parking. For reservations, call 732-9922 Extn: 1558. I J "4 it i < id h J 382 Havelocfc R oad T48 words
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INTERNATIONAL COMPANY NEWS
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Article, Illustration425 1991-05-10 5 Reuter COURT-APPOINTED administrators running Polly International pic want to retain most parts of the iiuit, leisure and electronics ic&nglomerate in order to repay creditors owed a total of £1.12 billion (553.41 billion). vj A report sent on Wednesiday to creditorsReuter - 425 words
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272 1991-05-10 5 Reuter THE Anglo-Dutch food conglomerate, Unilever plc-NV, safd on Wednesday it faces many of the same economic and business problems in 1991 that were seen at the end of last year, but sees hope for a recovery. jj ''It is not tooReuter - 272 words
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COMPANY BRIEFS
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75 1991-05-10 5 MORE THAN 50 investors from East Asia, the US and Eutt>pe have expressed interest in buying all or part of Deutsche Interhotel AG, the state-owned eastern German hotel chain. The British merchant bank SG Warburg, entrusted with selling the 35 hotels for Germany's Treuhand75 words
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Article59 1991-05-10 5 Nestle S A expects to have its shares listed in Tokyo by October and is optimistic about obtaining a listing in the US in the next few years. Nestle finance director Reto Domeniconi says the company has worked long to obtain The Tokyo listing and it59 words
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Article67 1991-05-10 5 DONALD TRUMP expects to make the interest and principal payments on the Trump Plaza and Castle casinos due to bondholders on June 15. "The casinos are doing very well and we don't anticipate any problems," Mr Trump said. Mr Trump will face more than67 words
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Article68 1991-05-10 5 PROPERTY, construction and shipping conglomerate Trafalgar House pic does not expect a recovery in the second half, after a sharp drop in first-half pre-tax profits to end-March to £51.5 million (about S$ 157 million) from £116.9 million. The company blamed the fall, announced earlier, on68 words
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Article30 1991-05-10 5 PEPSICO INC has appealed to the Japanese authorities to stop Coca-Cola Co from trying to ban an advertisement comparing the two brands from Japanese TV networks.30 words
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345 1991-05-10 5 Profit of German metals group hit by downturn Reuter METALS group Metallgesellschaft AG on Wednesday said earnings in its 1990/91 first half had been hurt by the world-wide economic downturn, the impact of the Gulf war and falling metals prices. But management board chairman Heinz Schimmelbusch told the annual shareholders'Reuter - 345 words
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Page 5 Advertisements
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Advertisement15 1991-05-10 5 Lufthansa nonstop to Frankfurt, Europe, the World. 6 times every week. Lufthansa Reservations 737 922215 words
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Advertisement333 1991-05-10 5 APPLY NOW! OR YOU COULD END! TP j PAfINGMORE jjjj cost of membership may appreciate further. Piny amidst the breathtaking scenery of Tioman Island. play, you will enjoy the extraordinary scenic beautv of 1 Tioman regarded as one of the world's ten most lllif Hai" (Fantasy Island) in the movie333 words
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FINANCIAL NEWS
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Article, Illustration309 1991-05-10 6 Quak Hiang Whai - Japan, Taiwan and Korea good sources: Insurance Commissioner By Quak Hiang Whai SINGAPORE, in its bid to become a centre for captive insurance, should attract more sources from the Far East, especially from Japan, Taiwan and Korea, according to Insurance Commissioner Law309 words
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Article489 1991-05-10 6 Industry may see fewer than 10 main players in the long term Reuter CHANGES are looming for New Zealand's banking industry after what turned out for many to be a disastrous foray into corporate banking, analysts say in Auckland. A trail of foreign-owned banksReuter - 489 words
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190 1991-05-10 6 THE defendant in a multiple share application case has successfully applied for another six-week adjournment. Arjan G Kirpalani, 44, had been charged earlier this year with 30 counts of criminal breach of trust for allegedly deceiving DBS Bank into believing that applications for190 words
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SMALLCHANGE
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99 1991-05-10 6 COMBINED outstanding loans of 15 Thai commercial banks stood at 1,561 billion baht (S$ 108 billion) at the end of the first quarter, up 32.5 per cent from a year ago, Bangkok Bank Ltd said in Bangkok yesterday. It said Thai banks' straag lending99 words
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62 1991-05-10 6 BAYERISCHE LANDESBANK Girozentrale is disappointed with its 1990 results and hopes partial operating profits will rise in 1991, chairman Hans Peter Linns told a news conference in Munich on Wednesday. Mr Linns said the bank's partial operating profit, excluding profits on own-account trading, rose in62 words
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Article64 1991-05-10 6 FRANCE'S Credit Lyonnais has agreed to take over the German factoring business of Security Pacific Corp for Jp undisclosed sum. Credit Lyonnais SA Co (Deutschlawifc said in a statement in Frankfurt on Wednesday that the deft had been agreed with Security Pacific Eurofinance, subsidiary of Security Pacific64 words
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Article49 1991-05-10 6 JAPANESE SECURITY FIRM Secom Co Ltd bought CaiwSfc Security Group Ltd of the UK and its seven group compankjg to expand its business in Britain, a Secom spokesman said Tokyo on Wednesday. Secom bought the UK firm through wholly-owned subsidiary Secom Carroll plc in London.49 words
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Page 6 Advertisements
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Advertisement170 1991-05-10 6 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 $100 refundable deposit will be applications170 words
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Advertisement138 1991-05-10 6 SINGAPORE MALAYSIA MARKET OPPORTUNITY EXHIBITING AT SINQAPORE SIBEX SHOW 15-18 MAY CHANQI CENTRE Exciting new product for kitchens, office furniture, shop fittings, hotels, cupboards, etc. Unique knockdown system Received Government and other awards Labour cost saving system Intent pending •Will consider licence arrangement, purchase of product rights or consider other138 words
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Page 6 Miscellaneous
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Miscellaneous5 1991-05-10 6 Dollar$ Non$en$e -os£ 1 inspiration5 words
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THE REGION
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Article, Illustration264 1991-05-10 7 Reuter AUSTRALIA'S Minister of Trade Negotiations Neal Blewett has ruled out the existenee of plans to forge a trade bloc from the regional body Asia-Pacific Economic Cooperation (Apec). "Despite considerable speculation to the contrary, there are no plans at all toReuter - 264 words
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195 1991-05-10 7 AFP VIETNAM'S trade ministry will set up a firm for importexport and investment dealings with Cambodia, the official Vietnam News Agency (VNA) said on Wednesday. The purpose is to co-ordi-nate these Vietnamese activities with those of its Cambodian ally, with the ultimateAFP - 195 words
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Article210 1991-05-10 7 AFP THE PHILIPPINES may announce a reduction of its controversial 9 per cent import levy within the month, President Corazon Aquino's chief aide said yesterday. Executive Secretary Oscar Orbos said the levy which has sharply cut public deficits but has boosted inflation and productionAFP - 210 words
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142 1991-05-10 7 AFP INDONESIAN Trade Minister Earifin Siregar said on Wednesday that he would visit several countries on a mission to boost Indonesian exports, including a bid for a share in Kuwait's post-war reconstruction. Mr Siregar told journalists he would head a delegation of Indonesian businessmen onAFP - 142 words
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Page 7 Advertisements
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Advertisement446 1991-05-10 7 J b* \2 )j K J. B It contains information on how to manage your finances, investments, stocks and shares, and other investment ■I instruments. You'll learn how to maximise your CPF savings and how to keep healthy in the years to come. Plus legal tips and information on how446 words
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THE WORLD 1
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Article, Illustration269 1991-05-10 8 IN A highly unusual step, South Korea's business leaders have denounced the government for not dealing quickly with escalating political unrest. The leaders of the nation's five major business associations said two weeks of nationwide anti-government protests have hurt business and tarnished269 words
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351 1991-05-10 8 AFP THE South Korean government has carried out its threat to freeze bank loans for business conglomerates which had failed to meet a deadline for disposing of excessive land. A total of 14 firms belonging to eight business groups, which areAFP - 351 words
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443 1991-05-10 9 NYT THE BUSH administration wants to jump back into the Uruguay Round of world trade talks within days of securing Congressional approval, according to a senior US economic official. The administration is increasingly confident that it can win backing fromNYT - 443 words
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323 1991-05-10 9 Reuter A PACT between Tokyo and Washington to boost US exports is largely symbolic and is not likely to shrink Washington's massive trade deficit, economists and trading house officials say. Japan's Ministry of International Trade and Industry (Miti) announced in WashingtonReuter - 323 words
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WORLD WATCH
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75 1991-05-10 9 JAPAN is likely to attain its government-projected real economic growth rate of 3.8 per cent in the current fiscal year, j which started on April 1. Speaking at a meeting of the Japan Foreign Trade Council yesterday, Michio Ochi, state minister in charge of75 words
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Article73 1991-05-10 9 JAPAN has approved a package of Bills that will ease the opening of large-scale retail stores in Japan, a major concession resulting from bilateral talks with the US last year. In February this year, the government submitted a broad amendment to the Large-Scale Retail73 words
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Article67 1991-05-10 9 GERMANY has cut planning and appeals procedures for big traffic projects to speed up construction of new motorways and rail lines in eastern Germany. Traffic Minister Guenther Krause said the temporary measures would allow new projects to be completed in three to five years instead67 words
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247 1991-05-10 9 Reuter SOVIET coal miners have voted to end a devastating nine-week-old strike, averting a clash with President Mikhail Gorbachev and opening the way for radical reforms in the industry. Tass news agency said the central strike committee in the Kuzbass region, the biggestReuter - 247 words
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Page 8 Advertisements
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Advertisement697 1991-05-10 8 HOTEL MERIDIEN Now, a meeting package in Phuket that even your accountant would approve of. Imagine holding your next meeting against the backdrop of the Andaman Sea. Imagine taking time out J jy from all the business talk to dive into our stunning pool. i Imagine a gentle round of697 words
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Page 9 Advertisements
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Advertisement15 1991-05-10 9 Lufthansa nonstop to Frankfurt, Europe, the World. 6 times every week. Lufthansa Reservations 737 922215 words
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Advertisement295 1991-05-10 9 The Strauts Times, Wednesday. April 17, 1991 Children in cars will have to be strapped in THE Traffic Police will introduce a rule re-4 quiring unattended children in cars to be The Traffic Police Commander Assistant a L Commissioner Ong Seng Chye announced good f report yesterday carried the picture295 words
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Article441 1991-05-10 10 EDITORIAL AGGRESSIVE NZ entrepreneur Sir Ron Brierley has been known for taking strategic stakes in promising companies. In its SSB2O million buy-in of the diversified conglomerate Sir Ron founded, the Singapore government has struck a deal as strategic, shrewd and significant as they come. While little441 words
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WHAT THE OTHERS SAY
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Article243 1991-05-10 10 AS THE 21st century approaches, the world's economy is increasingly becoming service-oriented. To survive, workers will need to keep themselves updated on the latest technology and upgrade themselves incessantly so that their skills remain relevant to a world changing. It was in this context that Senior Minister243 words
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Article112 1991-05-10 10 ASEAN countries have clearly benefitted from the close cooperation among their police forces, especially since the establishment of Aseanapol in 1981. But Asean's economic success and liberal travel arrangements may present opportunities for international criminals. These criminals operate with greater speed, cunning and deception. Hence, it is112 words
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Article169 1991-05-10 10 THE GOVERNMENT has set a target of $1 billion for an endowment fund to finance the development of both the NUS and NTI. In future, this endowment fund may also be used to finance the third university. As its role becomes more important in the development of tertiary169 words
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REGIONAL VIEWPOINTS
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Article166 1991-05-10 10 BOTH THE United States and Europe appear to place greater emphasis on economic integration of their respective regions than the successful conclusion of the Uruguay Round of trade talks for restoring free trade in the world. It may probably be out of such concern that the Malaysian prime166 words
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Article158 1991-05-10 10 KWIK KIAN GIF., an economist and business analyst who is quite popular for his outspoken, yet candid comments on macro-economic and financial issues of great interest to the general public, has again expressed a great concern over the grossly inadequate regulations and laxity in the enforcement158 words
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Article152 1991-05-10 10 WHEN ASEAN was founded in 1967, China and the Soviet Union, and to a slightly lesser degree Vietnam were considered to be "enemies threatening the security of non-communist countries in South-east Asia. Many things have changed since then: the Vietnam War is over, China and Vietnam are no152 words
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Article, Illustration808 1991-05-10 10 Satoshi Hasegawa - Some economists are saying that Japan's economy is inefficient and that this stems from characteristics arising from Japan's own unique system of capitalism combined with cultural traditions. Satoshi Hasegawa reports Satoshi Hasegawa Asahi AT Marusan Securities Co, employees are authorised to entertain their clients with onlyAsahi - 808 words
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Page 10 Advertisements
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Advertisement176 1991-05-10 10 SlBEX^—a'9l Now, at the Changi International Exhibition Convention Centre Singapore Find out what 230 companies from 20 countries can do for your building and construction business. SIBEX '91 the 9th South East Asian International Building Exposition 15th 18th May 1991 The 9th staging of SIBEX at the SIBEX '91 will176 words
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Page 10 Miscellaneous
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ANALYSIS
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1032 1991-05-10 11 The Economist - The Economist says that American monetary policy has gone badly wrong The Economist The Economist THE FOG that has lately surrounded global monetary policy has shifted during the past few days: some things are clearer, others less so. What stands revealed is anThe Economist - 1,032 words
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Article, Illustration1136 1991-05-10 11 Kenneth James - Major changes loom in the American economy, and California is right in the line of fire. The man who governed the Golden State until this year talks to BT's Economics Correspondent Kenneth James Kenneth James IT NEVER RAINS in California; but man, it pours. TruePhoto by Chris Loh - 1,136 words
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Article, Illustration678 1991-05-10 11 Lai Kwok Kin - Eric Chia is the managing director of Malaysia's national steel plant who runs his plant like an army camp. Lai Kwok Kin reports Lai Kwok Kin Reuter SOMETHING strange is going on in the sprawling grounds of Malaysia's national Perwaja steel plant. They are building an armyReuter - 678 words
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Page 11 Advertisements
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Advertisement103 1991-05-10 11 DIP INTO. ft WJKS x There are three ways to take a mouth-watering dip into Alpine cuisine. Come and discover the rich and fragrant taste of cheese fondue. Or enjoy juicy beef, scallops, crayfish, prawns and fish accompanied by an array of savoury sauces. And for those with a sweet103 words
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Page 12 Advertisements
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Advertisement128 1991-05-10 12 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE PRINCESS From now on, our Chinese Porridge Buffet will be served only on Fridays and Saturdays from 10.30pm to 3.30 am but at the same old prices $11.00 for adults and $6.50 for children.128 words
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Advertisement317 1991-05-10 12 THE ITALIAN MAESTRO RETURNS 10th May 23rd May Pete's Place is once again delighted to welcome Chef Vincent Pecoraro. Inspired by the success of previous visits, the Famous Italian Chef from Donatello's Restaurant in Waikoloa, Hawaii will concoct new, tantalising temptations. For the two week crusade, Chef Pecoraro's favourites and317 words
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Advertisement319 1991-05-10 12 fierfs Day 12 May', jm to the special set lunch/ Seafood Theatre Restaurant iction Rooms. Enjoy special e-up and receive numerous lake reservations* today on 298-0011 ext. 8781 /8914. nenus range from $IM* to MM** ather's Day meal when you 'Aother's Day at Plaza Hotel! is of more than 8319 words
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Advertisement215 1991-05-10 12 VIVA ESPANA I The Belvedere brings you the savoury taste of H sunny Spain. With over 60 traditional favourites, you'll say "Ole" to the most H extravagant buffet in town! HV" I We serve the world to you at The Belvedere. l V v l/ftandami UJ twaWf btkirWKMiirafrin O* HMI215 words
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Page 12 Miscellaneous
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Miscellaneous692 1991-05-10 12 TELEVISION AND RADIO rn n n nun wiiiftiMinraiar iTfci in mil i r i t m\«ug--?w***+ r'~ iiw» mt A 4- r, rt«rtr.rMt/VA/lr. "MCtt S3 SS? 1 BUSINESS ON RADIO I Trip I*l flVVll lvl lIV -TTTZTTT— for Blanche's late husband 6.30 Witt The Quran. iil lllv VI UiJlsl UCIUiS692 words
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LIFESTYLE
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Article, Illustration874 1991-05-10 13 Mervyn Rothstein - An Off Broadway version of Singapore Swing opened on Tuesday. Mervyn Rothstein gets in on the act Mervyn Rothstein NYT CAN A musical featuring Frank Sumatra (that's right, Frank Sumatra) make it big Off Broadway? Its producers are betting U*****,000 (551.67 million) it can.NYT - 874 words
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Article, Illustration363 1991-05-10 13 Jennifer Lien - Jennifer Lien on a new arts and drama programme to further enrich life at NUS Jennifer Lien THE National University of Singapore has always actively contributed to the local arts scene. It also "discovered" many of the prominent arts personalities here, such as Alvin Tan,363 words
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Article, Illustration331 1991-05-10 13 CHATTERBOX STEPHEN KING wasn't home, but his wife, Tabitha King, was when a man broke into their house on April 20 in Bangor, Maine, and threatened her with a bomb. Erik Keene, who says that the plot of King's novel Misery was stolen from331 words
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Article93 1991-05-10 13 FROM this Saturday, the Substation will be co-present-ing a modern dance programme with Taiwanese dance company, Dance Forum. The only professional dance company in Taiwan, Dance Forum engages different choreographers each season. This allows different artistes to come together to *v\ share their ideas in ata93 words
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Page 13 Advertisements
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Advertisement189 1991-05-10 13 AND ENTERTAIN High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. il ANA HOTEL 16 NASSIM HILL, SINGAPORE 1025 TEL: 732 1222. SINGAPORE MB M-12 If Take Mother out for189 words
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Advertisement362 1991-05-10 13 Creating the Feel of Real Music at the Boulevard. By Bozo Nory The Frontpage. And Finer Points. At the Alcove Lounge, we bring to you two of the best bands in this region 'BOZO NORY THE FRONTPAGE" "FINER POINTS". Comprising six members, Bozo Nory The Frontpage s repertoire ranges from362 words
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FOCUS
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Article, Illustration1445 1991-05-10 14 PS Nair - The diversity of Vincent Tan's Inter-Pacific group is impressive. So why are institutional investors not impressed? PS Nair in Kuala Lumpur reports PS Nair STOCKBROKING analysts arc generally a forgiving breed. Except, it seems, when it comcs to companies controlled by Datuk Vincent Tan Chee Yioun.1,445 words
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Page 14 Advertisements
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Advertisement56 1991-05-10 14 > '.■> v vv. %iw^fes'? i f^-- -StaKr??'' sfci" •v--,-.' i/ ■c* *k*^ HpSripte| Mr. See Wing Whye U S )> Chief Engineer |i M FOR REUABLE SERVICE, PRODUCT AND SYSTEM, YOU CAN DEPEND ON TEAM TRANE. Mr. Llaw Leong Chin Senior Technician 31 J^m i y 'im BEST Wit56 words
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Advertisement207 1991-05-10 14 BUSINES S T I M E S 'I I. EPHQ N E: 730-5771/ 5 7 7 2 5 7 7 3 FAX: 734-4982 MANAGEMENT. EXECUTIVE SEARCH SELECTION CONSULTANTS 1 INVESTMENT ANALYST (MS/5/410) OUR CLIENT, the investment research arm of a large financial group is looking for an experienced analyst to207 words
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SPORTS 1
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487 1991-05-10 15 Cassandra How - Is swinging under the stars really what it is made out to be? By Cassandra How FOR BUSY executives and those who enjoy putting under the moon, the move by Prime Minister Goh Chok Tong to introduce night golfing in local golf courses is487 words
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233 1991-05-10 15 Reuter ORGANISERS of what has previously been the Paris to Dakar motor rally said on Wednesday the next race would end in Cape Town after crossing 13,000 km through Africa. "I'm very glad to announce the next rally will be between Paris andReuter - 233 words
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Article, Illustration285 1991-05-10 15 AP MONICA SELES and Martina Navratilova frittered away the first few games of their opening matches at the Italian Open on Wednesday before each came on strong to win. Maybe it was jet-lag, maybe it was nerves, and maybe it was a sweet orAP - 285 words
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SIDE LINES
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Article71 1991-05-10 15 THREE-TIME British Open champion Seve Ballesteros, coming off his first victory in 14 months, said he had his confidence back on the eve of the U*****,000 (about 551.05 million) Spanish Open. "It was a nice feeling to win and break the barrier that was in front71 words
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Article58 1991-05-10 15 BJORN BORG, humiliated in the first match of his comeback in Monte Carlo, submitted to new technology and began testing modern graphite rackets on Wednesday. The former world No 1, who returned to the tennis circuit last month eight years after he retired, practised at58 words
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Article67 1991-05-10 15 AC MILAN FORWARD Ruud Gullit re-injured his right knee during practice on Wednesday and could miss several weeks of play with what team doctor Giovanni Battista Monti suspected was a broken kneecap. Team officials said Gullit, the captain of European defending champion Netherlands, may miss the67 words
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Article63 1991-05-10 15 FORMER WORLD welterweight boxing champion Lloyd Honeyghan delivered a right hand knock-out punch in round two to demolish American Darryl Anthony on Wednesday and post his third light-middleweight victory in a row. Having dropped Anthony for an eight-count in the same round, Honeyghan followed up with another63 words
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Article39 1991-05-10 15 ITALY'S 11 Moro di Venezia 111, skippered by Paul Cayard, chalked up its second first-place finish in the final America's Cup class championship fleet race on Wednesday in 2:31:15 to qualify for the semi-finals.39 words
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Article62 1991-05-10 15 AN ENVELOPE found during a judge's inspection of the apartment where soccer star Diego Mara dona was arrested on drug charges did not contain cocaine. The envelope, containing a white substance, was found on Monday when Federal Judge Amelia Berraz de Vidal, court officials and62 words
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391 1991-05-10 17 AP WAYNE LEVI'S sore left elis much better, but he atill has no idea what will happen when he begins defence of his championship in the Atlanta Classic. "I feel great about defending, but I haven't been paying, so who knows howAP - 391 words
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252 1991-05-10 17 UPI NOW THAT the Ryder Cup has ceased to be a sure win for the US, Americans are taking more interest in the international golf event. "I guess you could cornflare it to what happened with the America's Cup," said Dave Stockton, captainUPI - 252 words
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Article, Illustration36 1991-05-10 17 Reuter picture A pack of riders taking part in the Tour of Spain cycle race riding under heavy rain during the 230-km 10th stage from Lloret de Mar to Andorra. Reuter pictureReuter picture - 36 words
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Page 15 Advertisements
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Advertisement130 1991-05-10 15 w-^p *.^^^lf ENTICING CAJUN FAVOURITES (May 1 15) IfMWIMT) Delectable French-based Louisiana country Coo^n S makes its way to the River Terrace this May. Cajun Food rich in flavour and LpvtH variety and made from the freshest ingredients awaits you with an exciting buffet array of starters, soups, appetisers and130 words
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Advertisement499 1991-05-10 15 Dream of a golf-pro comes true... I l J THE WORLD'S ORIGINAL AND ONLY FORGED FACE METAL WOODS GOLFGEAR 2nd generation patented Forged Face* Metal Woods k KAS\ make all other metal woods obsolete. v In a first from GOLFGEAR, "Tungsten Plasma Penetration" used to harden Vsi** aCO jet engine499 words
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Page 16 Advertisements
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Advertisement1918 1991-05-10 16 M MUI BANKBERHAD (Incorporated in Malaysia) A member of The MUI Group Balance Sheet 1990 830 1999 1990 Groop 1989 As at 31st December,l99o Bank GrouD Maturing within one year 971.394,637 948 972 448 955,410,148 934,457,681 .qoo 198 0 1990 1989 One year to five years 204,411,310 199.307.213 217,456,748 2091,918 words
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Page 17 Advertisements
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Advertisement1240 1991-05-10 17 Other income composes the following 23. HOLDING COMPANY T T Bank Group The holding company is Malayan United Industries Berhad a quoted company incorporated m Malaysia 1990 1989 1990 1969 I$ 24. COMPARATIVE FIGURES Certain comparative figures have been reclassified where necessary to conform with the current year's Gain on1,240 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4885 1991-05-10 18 William Chia - By William Chia THE Singapore stockmarket closed mixed yesterday as share prices were subject to bargain hunting in early trading and profit-taking at the close. The Straits Times Industrials Index closed 2.59 points higher at 1,525.74, after gaining as much as nine4,885 words
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Article4188 1991-05-10 19 Main Board Shangri-la 625 SPH Foreign 1270 20 1.6% ODE 760 20 F 2.7% Hong Fok 235 H3 F5.9% DBS Foreign 1290 HO FO.8% DBS 1190 HO 0.8% SPH 870 10 +12% Prima 570 +10 H.8% FELS Wt 310 +10 3.3% GB Hldgs 20« 1764,188 words
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BT SHARE INFORMATION SERVICE
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Article525 1991-05-10 20 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend (000) (cents) Spore Bus May 7 Dec 90 S49.91HS49.932) 805(805) 10(10) UPP May 7 Dec 90 Sl.017($2,673) 1.1(28) 2(4) CMB Packaging May 6 Dec 90 S13.512(SU.616n) 260(29 7) 174(13) ICS May 6 Dec525 words
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Article153 1991-05-10 20 Company Date Half-year Croup pre-tax Interim ann to profit/loss (L) dividend (000) NSI Apr 30 Feb 91 M$43 849(137.114) 10(10) SPH Apr ?6 Feb 91 $110.396(584 977) 8(8) Times Pub Apr 19 Feb 91 S?5.132($18,904 4(4) Antah HWgs Apr 10 Dec 90 M$18.075<$14.587) Kump Emas Apr 5 Ian153 words
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Article285 1991-05-10 20 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Chem Ind May 8 Mar 91 S12.814($l 1.317) 584(51 5) 10 35TE(13 6) HIP Hldgs May 6 Mar 91 58,307(52.791) 6 7(26) 10o(-) Inch Kenneth May 6 Dec 90 M54.489(53,712) 47285 words
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Article491 1991-05-10 20 May 8 Far East Levingston Shipbuilding (FELS) has clinched a USJ2SOm (SJ44Om) floating production platform contract from Brazil's state-owned oil company, Petroleo Brasileiro (Petrobas) FELS will get 60% of the total contract value, while its Brazilian partner Tecnica Nacional De Engenham (Tenenge) gets 40%. Sime Sembawang Engineering Sdn491 words
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Article1507 1991-05-10 20 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 Amal Steel 10%(S) May 16 Way 31 Jun 7 101 Awno 5%TE Feb 25 Mar 7 May 15 12 5%TE 25%TE BAT 1041,507 words
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Article186 1991-05-10 20 Company Rights Issue [Xrfop Est Restricted issue of $88 514m nominal value of 10% Convertible Redeemable Unsecured Loan Stock (CULS) 1991/1996 issued on the basis of SI nominal amount of CULS for every 3 ordinary shares of $1 each Md at nominal value Ex-date Apr 1 Books dose186 words
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Article813 1991-05-10 20 BONDS, LOANS WARRANTS Company Cowwrlion period Conversion torn tor out ordiMry sJurt C4C Hi Before 26 4/93 1 warrant plus $3 09 cash Causeway Low Causeway Wt 2/10/89 to 20/10/94 1 warrant plus $0.77 cash or 1 warrant plus $0 77 nominal amount of loan stock Cluan Hn> Notts Own813 words
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Article531 1991-05-10 20 Company Rights Issue Neon One-tor two M$1 00 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MJO10 each at M$1 per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR fof every CRPS Bolton One-tor-four fe. M>2 00 per share531 words
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Article205 1991-05-10 20 Focal Finance: 23rd AGM at 65 Chulia Street, #33-01 OCBC Centre, Singapore 0104 on Friday, May 10, at 12 noon. Straits Steamship Land Ltd: AGM at the Straits Room, 10 Collyer Quay #29-00, Ocean Building, Singapore 0104 on Friday, May 10. at 10am. Malayan United Manufacturing Bhd: 25th205 words
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Page 20 Advertisements
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Advertisement50 1991-05-10 20 I PRIME r J /hat you get when you advertise your y semi-detached house in The Straits sified "PRIME PROPERTY" re on Ist June 1991. your target buyers effectively, r.S. Hotline at 737-1166. 1%&&1 i —"v —x ■v Prime Property BUNGALOWS SEMOETAOED MOUSES pedal Feature of The Straits Times Classified50 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4112 1991-05-10 21 Bernama SHARE PRICES in Kuala Lumpur closed steadier yesterday on better overseas leads but afternoon profittaking limited gains. The KLSE composite index rose 3.02 points to 584.96 while the Industrial Index finned 8.30 points to 1,128.11. Gainers led losers 118 to 64 withBernama - 4,112 words
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Page 21 Advertisements
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Advertisement1650 1991-05-10 21 BUSINESS TIMES vAI M A TELEPHONE: 730-577 1/5772/5773 FAX: 734-4982 IN THE MATTER OF THE COMMMES ACT. CAP SO AND IN THE MATTER OF lEOMC SURGERY PTE LTD tIN MEMMRS VOLUNTARY LIQUIDATION Alan EitaorAnary Ganaial Maaferg of »>a abovenamed company duty convened and held at 19 Tangkn Road *06 18.1,650 words
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Advertisement20 1991-05-10 21 EFFECTIVE RECRUITMENT ADVERTISINGI ITS ONLY A CALL AWAY.~ Ask For Jennifer *****71 Nooranl *****72 Veronica *****73 B Bmrinew Timet I20 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2257 1991-05-10 22 Reuter TOKYO STOCKS finished the day moderately higher yesterday. The day lacked broad themes, and trade instead centred on individual companies, especially those with good results, and index trading. Brokers said these helped buoy the market throughout most of the day. "Company resultsReuter - 2,257 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2060 1991-05-10 22 Reuter HONGKONG stocks, narrowly higher in early trade, ended marginally softer yesterday as share prices drifted with little conviction or direction. The blue-chip Hang Seng Index slid 3.34 points to 3,744.46. At the most dramatic point in the day, the index fellReuter - 2,060 words
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Page 22 Advertisements
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Advertisement15 1991-05-10 22 Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times15 words
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REGIONAL STOCK MARKETS
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Aussie shares dip on unemployment figures
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Article893 1991-05-10 23 AUSTRALIAN shares slumped from early highs after yesterday's release of worse-than-expected unemployment figures for April. "We expected an unemployment rate of between 9.5 and 9.7 per cent, instead we got 9.9," Peake Lands Kirwan broker Guy Aird said. Brokers said the market now fears the Australian economy will remain893 words
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Article816 1991-05-10 23 THE planned flotation of four new issues on the Thai stock exchange today caused speculative buying in stocks of the same categories and pushed the index up slightly, brokers said. The SET index ended 5.32 points higher yesterday at 853.99 with a thin of 3.53 billion baht changing hands.816 words
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Article520 1991-05-10 23 SHARES rose for the third day in a row as Manila's stock market poised for an uptrend, but brokers said support yesterday was not enough to end weeks of sluggishness. "The market is raring to take off, but I think it's a bit too early to get enough support,"520 words
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Article337 1991-05-10 23 TAIWAN stocks closed higher yesterday after strong financial shares led a rise in other sectors. The weighted index jumped 132.57 points or 2.1 per cent to finish at 6,305.22 compared with Wednesday's 6,172.65 close. Turnover was NT576.9 billion against NT595.9 billion. All sectors rose except paper and food, which337 words
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Article88 1991-05-10 23 LEADING New Zealand stocks bounced back yesterday from Wednesday's downward correction to close moderately higher on healthy volume, and dealers see a sharp afternoon fall in domestic yields generating more equities buying today. The Barclays index ended 11.95 points higher at 1,568.49, after falling 23 points on Wednesday88 words
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Article809 1991-05-10 23 THE SEOUL stock market rose slightly yesterday on a technical rebound after fluctuating in a narrow range. Brokers said most investors remained on the sidelines, worried about continued antigovernment protests against police killing a student. The composite stock index closed the day at 634.72, up 3.60 points from Wednesday.809 words
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Article115 1991-05-10 23 BOMBAY share prices closed broadly higher on Wednesday on short-covering, but the market undercurrent was shaky, brokers said. "There was a technical correction after prices fell in the past two days," broker Mukesh Babu said. "But volume was very light because there were few participants." Most market players kept115 words
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Article1169 1991-05-10 23 Ctme Previous May 9 SYDNEY All Ordinaries Index 1,546.3 1,547.4 -I.I All Industrials Index 2,398.0 2,394.2 +3.8 .Ml Resources Index 895.5 899.6 -4.1 Turnover (million) 132.92 130.7 f2.22 BANGKOK SET Index 853.99 848.67 +5.32 Turnover (million baht) 3,530 2,657 +873 JAKARTA Composite Index Closed 406.65 MANILA Composite Index 1,118.50 1,113.401,169 words
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Page 23 Advertisements
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Advertisement16 1991-05-10 23 1 All prices are provided by TelerateJ except for Taipei prices which are provided by Reuters16 words
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WORLD STOCK MARKETS
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Bond rally gives Wall Street a boost
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Article352 1991-05-10 24 May 8 Close lYevioas NEW YORK Dow Jones 2.930.90 2,917.49 +13.41 NYSE Financial 151.58 151.56 0.02 SAP 500 378 51 377.32 +1.19 Turnover (million) 157.24 153.3 +3.94 LONDON Financial Times 30 1,984.1 1.989.7 -5.6 FTSE 100 2,523.4 2,540.5 -17.1 Turnover (million) 387.9 431.2 -43.3 AMSTERDAM CBS Tendency Index 94.2 94.6352 words
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Article, Illustration1579 1991-05-10 24 NEW YORK stocks took a cue from j bonds on Wednesday and moved into i higher ground. Traders attributed the strength, such as it was, to favourable investor reception to the Treasury's re-cord-setting refinancing, along with a stronger dollar and a decline in commodity prices to the lowest1,579 words
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Article354 1991-05-10 24 IN AMSTERDAM, transport and technological group Internatio-Mueller was the bright spot on Wednesday, closing 6.00 guilders, or 7.8 per cent higher at 83.00, while most other Dutch shares ended easier as they drifted along with bourses abroad. Shares in Intematio were boosted by speculative demand triggered by Tuesday's news354 words
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Article, Illustration758 1991-05-10 24 LONDON shares were higher at midday yesterday, pushed up by some moderate buying in the absence of any significant selling pressure. Brokers said the rise was exaggerated by low volume levels. At about 12.15pm (1115 GMT), the Financial Times-Stock Exchange 100-Share Index was up 16.5 points, or 0.7 per758 words
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Article173 1991-05-10 24 THE MILAN bourse closed little changed yesterday with volume depressed by the uncertain political outlook and technical factors linked to the approaching end to the trading month. Pirelli was one of the few front-line stocks to show any movement, rising three per cent on news that the board of173 words
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Article321 1991-05-10 24 THE ZURICH bourse was closed for the Ascension Day holiday yesterday. Trading resumes today. On Wednesday, the bourse closed slightly lower as the blue chip SMI Index lost 18.8 points at 1,645.8, breaking through the important 1,650-point chart support level. But traders said overall light volume limited the significance321 words
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Article477 1991-05-10 24 JOHANNESBURG stocks closed mixed to easier on Wednesday in cautious trading as potential investors closely monitored political developments. The market was closed yesterday. Dealers said foreign investor support remained apparent, as reflected in the recent strong performance of the financial rand, despite concern about the current unrest in South477 words
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Article423 1991-05-10 24 TORONTO stocks rose late on Wednesday after an apparently successful 10-year note auction in the US, ending slightly higher in lacklustre trade. US Treasuries recovered to unchanged levels following the auction but were off the day's highs. The Composite Index closed up 3.19 at 3,482.01, slightly below the day's423 words
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Page 24 Advertisements
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Advertisement31 1991-05-10 24 For information on where to buy your copy of: Singapore Business, Her World, Go, Home Decor, Young Parents call our Customer Services Section (740-1839, 740-1840) Innovation Technology in BT on Tuesday31 words
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CURRENCY, MONEY & FUTURES MARKETS
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1217 1991-05-10 25 REPORTS ASIA Tokyo: The US dollar ended barely changed against the yen and mark in lethargic trade, dealers said. The 10-yen trading range for dollar/yen was the narrowest in over two years. "Tokyo trade was listless with nothing new to1,217 words
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Article392 1991-05-10 25 Cross rates May 9 I USS SS MS Dm Yen SFr AS NZS USS 1.7760 2.7595 1.7315 138.18 0.5816 1.4645 1.2755 1.6955 SS 0.5631 1.5538 0.9749 0.7780 0.3275 0.8246 0.7182 0.9547 MS 0.3624 64.36 0.6275 0.5007 0.2107 0.5307 0.4622 0.6144 Dm 0.5775 1.0257 1.5937 79.80 0.3359 0.8458392 words
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Article551 1991-05-10 25 Interbank rates S$ Bid Offer Overnight 4 5/8 4 3/4 1-month 4 IS/16 S 1/16 2-month 5 5 1/8 3-month 5 1/16 5 3/16 Overnight mode: 4-5/8 LSS Bid Offer 7 days 5 7/8 6 1 month 5 7/8 6 2 months 5 15/16 6 1/16 3 months551 words
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324 1991-05-10 25 FT THE US intends to renew its campaign for a commitment by leading industrialised countries to a growth strategy involving lower world interest rates, despite a bruising confrontation over the issue at the recent meeting of Group of Seven financeFT - 324 words
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296 1991-05-10 25 Reuter THE PERFORMANCE of German bonds will deteriorate further in coming months, continuing a narrowing in the yield spread between 10-year German bunds and equivalent French and Dutch bonds, analysts said. They said the outlook for the German market means investors should remainReuter - 296 words
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Article1122 1991-05-10 25 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jun 91 93.88 93.89 93.88 93.89 2269 ***** 1513 Sep 91 93.62 93.64 93.62 93.64 4181 9277 4412 Dec 91 93.15 93.17 93.14 93.15 700 ***** 1462 Mar 92 92.87 92.89 92.87 92.88 350 6579 1098 Jun 921,122 words
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COMMODITIES
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425 1991-05-10 26 Reuter THE Tokyo Sugar Exchange says its plan to introduce raw sugar options is on track, and the new product should be up and running by the third quarter. "The plan for raw sugar options is right on schedule," said Teruo Kodaira,Reuter - 425 words
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322 1991-05-10 26 Reuter PARANAPANEMA, the world's largest tin producer, expects tin prices to rise to over U556,200 (S$ 11,000) a tonne in the second half of this year because of the rapid consumption of stocks. "We expect prices to go over U556,200 a tonne sometimeReuter - 322 words
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845 1991-05-10 26 REPORTS THE PRICE of tin retreated 18 sen to M$ 15.35 per kg on the Kuala Lumpur Tin Market yesterday on profit-taking and some selling activity by miners following Wednesday's big price rise. The metal shot up 44 sen on Wednesday, its biggest single-day845 words
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Article1344 1991-05-10 26 Rubber May 9 HAS (<■>!■ Wm) S cents/kg Noon Close Int I RSS Prompt *****/I4400N 143.00/I44 00N Int I RSS June 91 145.00/145.50 145.00/145.50 Int I RSS July 146.50/147.00 146.50/147.00 Int 2 RSS OP 141.5Q/143.50N I41.50/143.50N Int 3 RSS OP 137.00/139.00N 137.00/139.00N Int 4 RSS OP 132.50/134.SON 132.50/134.50N Int1,344 words
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Page 26 Advertisements
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Advertisement766 1991-05-10 26 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Abdullah Bin Abdul Wahid of Blk 325 #09-182 Jurong East Street 31 Singapore 2260, have applied for a Public House First Class licence in respect of premises at M/s One And Only Chinese Restaurant Pie766 words
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Advertisement477 1991-05-10 26 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CHINA FOOT REFLEXOLOGY CENTRE PTE LTD (Incorporated in the Republic of Singapore) (In Liquidation) (Members' Voluntary Winding-up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 81k 3 Upper Pickering Street477 words
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Advertisement11 1991-05-10 26 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Article937 1991-05-10 27 City night ETA Flight ETD Abu Dhabi GA975 1300 GA894 2340 GA887 1225 Adelaide SQ228 1905 QF5 2000 Amsterdam SQ23 0715 KL838 2115 GA975 1300 GA894 2340 KL837 1415 SQ24 2355 Athens Auckland BA1 1 1225 SQ325 2115 B Seri Begawan BI095 0110 SQ182 0915 BI421937 words
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THE TRAVEL PAGE
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Article, Illustration470 1991-05-10 27 LETTER FROM LONDON British travellers have found Egypt the most hazardous destination for gastronomical nightmares and Mexico and Brazil a likely place to lose their wallets, while Sweden ranked No 1 for an uneventful holiday, according to a survey published on Tuesday. In a survey470 words
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Article152 1991-05-10 27 As at 3pm yesterday: IxKal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.385 1.405 Canadian dollar 1.527 1.547 NZ dollar 1.035 1.0700 Sterling pound 3.018 3.058 US dollar 1.7680 1.7780 Ixicml dollars to 100 units of foreign currency Austrian schilling 14.30 15.30152 words
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Article74 1991-05-10 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel May 1991 Expoedit-Copia 91 Milan Trade Associative 02/*****04 May 8-11 Computer 91 Hongkong Hongkong *****3 Fair. Italy Promozione Computer Mostre Society May 6-12 International Plovdiv, Foire Interna- **********6 May 8-14 International Hannover. Deutsche Messe *****890 Consumer Goods74 words
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Page 27 Advertisements
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Advertisement35 1991-05-10 27 Ronald, youll 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. ©/TAW/WW We know Europe from start to Finnish.35 words
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Advertisement157 1991-05-10 27 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 publication is May 30. Among the topics157 words
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Page 27 Miscellaneous
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Miscellaneous297 1991-05-10 27 1 Does correct wilderness (8) A weapon right 9 Got a second helping put 9 I I 1 10 The cocky fellow Bat- H man sorted out (6) 12 Support church people ap- 1 pearing on the stage W |H BH 13 Back-track in 14 Allow only U 16 It's297 words
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Miscellaneous207 1991-05-10 27 Singapore Outlook: Showers over man) areas in the afternoon. Forecast Maximum temperature 31.1 Assoc humidity 77% Minimum temperature 24.8* C Assoc humidity 97% Hours of sunshine 3.55 Rainfall in mm 50.1 Rainfall this month 139.2 Rainy days this month 6 World forecast Asia-Pacific Hi/I-o* Cond. Auckland 17/11 Fair Bangkok 37/26207 words
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Miscellaneous17 1991-05-10 27 (WfcO VV> u. Come. Back\ t v —I now,rnew?? J w///T^riS^STlb^V"*^ O EVEHMO STANOAfID CO. LTO- IHMMI17 words
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Article, Illustration422 1991-05-10 28 Worsening economic relations will damage security ties JAPAN and the US should take steps to avoid a worstcase scenario where worsening economic relations weaken and rupture mutual security ties. Senior Minister Lee Kuan Yew said yesterday in Tokyo. Speaking at an Asahi Shimbun422 words
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Article306 1991-05-10 28 Koichi Ishiyama - From Koichi Ishiyama in TOKYO AN IDEAL WORLD would be one where international organisations like the United Nations ensure stability and security, says Senior Minister Lee Kuan Yew. Following his speech at the Asahi Shimbun symposium, Mr Lee was asked about the future of Singapore.306 words
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230 1991-05-10 28 AFP FORMER Finance Minister Daim Zainuddin said yesterday that he was a passive investor in a fireworks factory near here, which exploded on Tuesday, killing at least 23 people. Mr Daim, who resigned in March, said in a statement that he bought sharesAFP - 230 words
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200 1991-05-10 28 MENDAKI, the council for the advancement of the Malay/Muslim community, will launch its unit trust fund today with $8 million in ready cash. To be called the Amanah Saham Mendaki or the Mendaki Growth Fund, it will have a five-month launch period during which200 words
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Article, Illustration327 1991-05-10 28 Sale could bag 100 m for government INSPIRED perhaps by the strong demand for OCBC Bank's Waterside project, the Urban Redevelopment Authority has decided to sell four pieces of land in Holland Road for condominium and landed property development. The sale,327 words
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404 1991-05-10 28 Reuter MORE THAN 200,000 antigovernment protesters surged through South Korea's major cities yesterday, some using their own blood to scrawl demands for the downfall of President Roh Tae-woo. Near continuous barrages of tear-gas billowed through central Seoul as more than 120,000 studentsReuter - 404 words
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366 1991-05-10 28 INVESTMENT management; foreign exchange, treasury and futures and options; international banking; and corporate advisory services will be the fastest growing areas in the financial sector, according to a survey done by the Institute of Banking and Finance (IBF) in the third quarter366 words
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Page 28 Advertisements
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Advertisement127 1991-05-10 28 Nikon The World's Finest Photographic Systems Dive Adventure MICRONESIA Stay on board your floating hotel the S.S. THORFINN 170' crusie shtp 7 DAYS tor US$l54O 00 PRICE INCLUDES: All meals (plus wine with dinners) UNLIMITED DIVING at wrecks plus Night Dives We provide TANKS. WEIGHTS DIVE PERMITS 4 'Experienced Guides127 words
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Advertisement150 1991-05-10 28 Nikon The World's Finest Photographic Systems M "nilSL«—«T^-" r trir I Western Australialf^ I m ssr I If you are searching for a secure, As such, Smith Corporation can high-yield investment in Australia, now is the provide the best entry into this highly H time to act. lucrative investment market.150 words
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Advertisement10 1991-05-10 28 S Korean business chiefs rap government for unrest, Pg 810 words
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ShippingTimes
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351 1991-05-10 29 Al O Labita Jr - From Al O Labita Jr in MANILA BOUYED by the recovery in world shipping, the Philippines expects overseas deployment of its seamen to grow 8 per cent a year over the next two years. This projection is part of a marketing programme the351 words
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349 1991-05-10 29 Magdalene Phang - By Magdalene Phang A NEW associate company of Allied Ventures and Technologies (AV T) is set to revolutionise the cleaning of ships and other sea-going vessels when it introduces the "brushless" cleaning system. Sea Technology went into full swing this349 words
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Article, Illustration322 1991-05-10 29 INTERNATIONAL airlines have asked for an earlymorning arrival time slot at the Bangkok International Airport in a bid to beat the city's notorious traffic jams, reports the Bangkok Post. One travel agent in Bangkok said charter flight operators from322 words
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421 1991-05-10 29 AFP AIRCRAFT engine manufacturer Rolls-Royce is to cut 3,000 more jobs from its British workforce as a result of the recession. The job cuts are in addition to the 3.000 redundancies which the company announced in March, and mean that the group'sAFP - 421 words
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132 1991-05-10 29 Reuter NEARLY 175 pilots of India's state-run Air India refused to fly planes from Monday night, partially disrupting flight schedules. airline officials said in Bombay on Tuesday. The airline operated only seven of the 12 flights that had been scheduled for Tuesday.Reuter - 132 words
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305 1991-05-10 29 Khaidir Abd Majid - By Khaidir Abd Majid GARDLINE SURVEYS, a division of Gardline Shipping of UK, has introduced to the South-east Asian market what it regards as the most comprehensively configured high resolution survey vessel in the region. The 190-feet MV Sea Trident, which will use Singapore305 words
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319 1991-05-10 29 Bernama MALAYSIAN Helicopter Services Berhad, which holds a 40 per cent stake in Perbadanan Nasional Shipping Line, is confident that PNSL's involvement in the transportation of liquefied natural gas (LNG) will grow. MHS chairman Tan Sri Saw Huat Lye said after theBernama - 319 words
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NEWS SUMMARY
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44 1991-05-10 29 AUSTRALIA has some of the world's most inefficient ports, manned by some of the country's highest paid and most cosseted workers. But this could change if the Hawke government's restructuring scheme is accepted by unions and employers Page 244 words
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48 1991-05-10 29 PRESIDENT George Bush has opened 13 ports in the US to East European vessels, rewarding moves towards democracy by easing national security restrictions to stimulate trade. Ships from the Soviet Union, however, are still banned from these ports Back Page48 words
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Article24 1991-05-10 29 EUROPEAN air traffic remained below 1990 levels but is recovering slowly, the Association of European Airlines said Back Page24 words
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47 1991-05-10 29 AMERICA WEST Airlines said it is cutting most of its full coach fares by an average of about 40 per cent. This would bring down the cost of business travel on many major routes in the US Back Page47 words
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35 1991-05-10 29 THE European Commission is investigating the Belgian government's restructuring plans for its troubled national airline Sabena to ensure that they conform with the community's air transport policy Back Page35 words
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LOG BOOK
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76 1991-05-10 30 SHIPPING and forwarding companies seeking for a comprehensive induction course for their staff can look forward to a new training programme. Computor Lord Industrial Training Centre is offering an all-in-one training package for shipping personnel covering marine insurance, documentation procedures, maritime law, cargo76 words
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Article60 1991-05-10 30 A LARGELY Finnish-financed project to enlarge Ho Chi Minh City's container port has been approved. The US$l5 million project, to be two-thirds funded by the Finnish International Development Agency, Finida, is to include construction of a 176 m long wharf. The port would have an annual capacity60 words
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Article36 1991-05-10 30 THE US State Department has persuaded San Francisco International Airport officials to waive a ban on noisy planes so that the Soviet airline Aeroflot can start landing IL-62 jetliners this month.36 words
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Article27 1991-05-10 30 Ashland Oil Inc has agreed to sell the assets of its Cleveland Tankers unit to Patriot Shipping Inc. Terms were not disclosed.27 words
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Article56 1991-05-10 30 CONTAINER TERMINAL handling charges for North West Continental and Mediterranean ports will be raised as of June 1, 1991. The charges per 20-foot container will be: Rotterdam 262 guilders, Hamburg/Bremerhaven 241 marks, Antwerp/Zeebrugge 3,215 Belgian francs, Le Havre 713 French francs, Fos-sur-mer 811 French francs and Lisbon56 words
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Article44 1991-05-10 30 JAPAN AND AUSTRALIA are to hold bilateral air talks in Canberra from June 19 to 21 to negotiate raising regular flights between the two countries. Both countries will also discuss expanding the number of routes between the two countries.44 words
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Article71 1991-05-10 30 HUNGARIAN AIRLINE Malev has bought General Electric aircraft engines for its two newly purchased Boeing 767 200ER aircraft at a cost of US$5O million (about SsBB million). Malev wants to fly its 8767s to North America and East Asia from 1993. After the Polish LOT71 words
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Article, Illustration901 1991-05-10 30 Australia has some of the world's most inefficient ports, manned by some of the country's highest paid and most cosseted workers. But this could change if the Hawke government's As29o million restructuring scheme is accepted by the unions and employers. FT IT TOOK nearly 19 hoursFT - 901 words
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Article1479 1991-05-10 30 DRY cargo chartering was active and timecharter rates firm on Wednesday as the market remained underpinned by Tuesday's news the Soviet Union was about to buy up to one million tonnes of French grain, brokers said. The Baltic Freight Index rose 14 points to 1,626. Within the index,1,479 words
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Article583 1991-05-10 30 Carbon Carbon May 3 DenstyWater Residue Ash Alumnum Sediment DemityWater Residue Ash Atowwn Sxlmtnt M/M Exxon KG/M'3% V/V M M M/M PPM method KG/M*3% V/V M/M M/M PPM method BO/Cimac kmts Spec E25 ***** 15 0 0 10 30* 0.10* Eastern USA 180 Ave 9810.1 113583 words
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Article12138 1991-05-10 38 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 maximum12,138 words
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SHIPS IN PORT
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Article597 1991-05-10 45 Vend (toy No Belt) Arrival Deparhie V«m( Voy No Berth Vnvi Dtparhfe Wh.nZr Shoryu 9113 M2A 1005/0900 1105/2300 MMMi WlMT>es Shunfu 9103N M3C 1005/2330 1105/1500 2?b5L 10/91 3 S2 SSSS Si £3 ss SS5 ii£S Ocean Pear, *****9 (P C09 alcalde 0905/1800 al 1 g« g ££/2»597 words
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Article994 1991-05-10 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booklet/Balance Rstts Sip Voy No Etb/Btr Period From To From Anson *****N 11/0530 2 09/1700 10/0659 10/0900 3 10/0700 10/1159 10/1400 Arnold Ms 9106 11/0100 1 09/1500 09/1659 09/1900 2 09/1700 10/0659 10/0900 As PoAux 181 12/1300 1 09/1500994 words
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Article191 1991-05-10 45 Penang Port Btrth fi Butterworth on May 10. 1: Thai Hang Shan; 2: Shi Bao; 3: Niaga 54. Seng Hmg. 4: nil; 5; Sea Glory; 6; Eagle Penang Wharf: NB: Victory; CB: Dpta Karya; SB: Bmtang Mekar BCT: Bl: Pernas Suasa; Bll: Barge Sea Admiral, Chong Chon191 words
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Article, Illustration310 1991-05-10 46 UPI PRESIDENT George Bush opened 13 key ports in the United States to East European vessels on Wednesday, rewarding moves towards democracy by easing national security restrictions to stimulate trade, the White House announced in Washington. Billed as "a major revision inUPI - 310 words
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160 1991-05-10 46 Reuter EUROPEAN air traffic remained below 1990 levels but is recovering slowly, the Association of European Airlines (AEA) said. Passenger and freight traffic in March was 143 per cent down from last year, compared with a 23.9 per cent fall in February, figuresReuter - 160 words
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490 1991-05-10 46 Other US carriers expected to match new rates NYT AMERICA WEST Airlines said on Tuesday that it would cut most of its full coach fares by an average of almost 40 per cent. The cuts, effective from yesterday, would bring down theNYT - 490 words
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473 1991-05-10 46 UPI THE European Commission said on Tuesday it was investigating the Belgian government's restructuring plans for its troubled national airline Sabena to ensure that they conform to the community's air transport policy. The commission said it was unclear whether the almost US$l billion (aboutUPI - 473 words
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Article, Illustration345 1991-05-10 46 UPI PERUVIAN authorities said on Wednesday that they have recovered 70 bodies of the nearly 250 people believed missing following a river boat accident in piranha-infested waters in the Amazon Basin. General Manuel pancorvo, chief of civil defence, said that as ofUPI - 345 words
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Page 29 Advertisements
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Advertisement354 1991-05-10 29 SSWEE HfNG METAL CO PTE LTD 11 TUA3 Ave 14 SINGAPORE 2263 TELE* R3 ***** SMMCPL TEL: 861 &OSS (5 IV>m) TELEFAX: 661 2W6 FuNr«ig«Ot WUACtMH* ift* tarkffM Irani 1 [xrjj ll lift tor**— T<*<*»> sim-.Anjmr. malamia IComatlof iiiailano, WKHrtHM •DM LPO rim irrnFJ Ccn»mnm and 3*tlH itlnfwn WaratwuM Trudw354 words
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Advertisement28 1991-05-10 29 Container Schedule 17 Daily Freights 2 Indei to Advertiser? 3 Shipping Guide 10,11 Ships m Port 17 Singapore Tries 17 Veritas Report 2 Weather and Sea Condibons 1728 words
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Page 31 Advertisements
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Advertisement5495 1991-05-10 31 Will/ s^iW6i.ir~^ w<OT I A u fghsi ■■liil vf 4 L VA*# ,J pesaka jaroine shipping agcncies I M I rm 1 1 I j-^-1— rtJDT KELANG *****18 TELEX ■AH PENANG TEL *****4 TELEX NO MA***** CFS TEL *****6 I U«licof«M.»<y««liiy-"7.-«/i.-« ■Milium KK'SS*"™ 1 I imir if-lj' I"H-Hj+lWH-lti-tTTIMMM ■■■l#l MM5,495 words
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Page 32 Advertisements
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Advertisement1261 1991-05-10 32 Irottedam/] VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE I HONGKONG EXPRESS 01/118 11/5 1/6 30/5 29/5 KAGA 18/318 12/5 29/5 31/5 3/6 4/6 11 KURAMA 10/119 16/5 6/6 4/6 3/6 1. Alt WESTBOUNO P, FRANKFURT EXPRESS 56/319 19/5 5/6 716 10/6 11/6 TOKIO EXPRESS 99/120 23/5 13/6 11/61,261 words
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Advertisement626 1991-05-10 32 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISLA Fl OREANA 2208E 26/5 10/6 12/6 18/6 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA PAGO PAGO APIA NUKUALOAFA DIRECT CHILE SERVICE SIN 100 ANF VAP CLX SAI (PERU) ISLA FLOREANA 2208E 26/5 1/7 211 5/7 7/7 8/7 Agents .■lff. SINt.APOHK: *****11626 words
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Advertisement1522 1991-05-10 32 &ssm HBMHB regular independent full container service WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA PEARL 9110-3 14/05 03/06 04/06 08/06 09/06 10/06 11/06 12/06 13/06 NORASIA PRINCESS 9111-3 25/05 13/05 14/06 17/06 18/06 19/06 20/06 2106 22/061,522 words
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Page 33 Advertisements
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Advertisement2180 1991-05-10 33 Steamers Maritime Holdings Ltd -.f PffrO mm MB STRAITS SHIPPING j Singapore to Bihhml, East Malaysia, Containers mLtm BM, k M,am Voy No Pen/* Phi S'pctw A If Sou Ant Rol Mbg ACCEPTS DUE SAILS TOKYO HAY 0520 0405 06,05 1205 2*05 30,05 0106 CARGO LAUST MAfRSK 9106 11 052,180 words
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Advertisement2500 1991-05-10 33 TO: FM: U.S.A./PANAMA SP OAK Its CKI (OB SAV NOR NYC NYC MM SAv CHI ICB OAK SP CNOYANC SUCCESS If 111 11/5 M It IS6 H* 17* IS* CHOYANC FRONTIER WA ll] »/l »J 3M 54 M 1M J(5 GERMAN SENATOR If in 1&5 12* 14 6 2M 2)12,500 words
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Advertisement395 1991-05-10 33 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL VOY |SP [~PK KUC KK ORANGE OCEAN ~~9 "SLD ~14/5 ASEAN TRADER 10 U/5 TRANS AUTO 28 U/5 ~U/5 15/5 SUNNY SKY 9 ~uti TRONO 76 13/5 COSMIC PIONEER 13 16/5 *14/5 COSMO ANGEL 3 "»/5 H/5 SEKI PINE ~29395 words
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Page 34 Advertisements
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Advertisement693 1991-05-10 34 Hi CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL VOY (~SPORE ROAM ADAM H BURG BREMEN ANTWERP KUTAI 22W8 In Port 14/6 206 m 30,6 MATARAM 2SWB 10/6 14/7 21/7 26/7 29/7 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sut>|ect to Inducement. Also accepting cargo to Casablanca, Port Said.693 words
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Advertisement1073 1991-05-10 34 If IE W 'M, HANJIN SHIPPING IFEEDER VSL SIN LINE HAUL LAX OAK S pore LEH RTM ANR HAM BRV fEL fHANJIN SEATTLE OWE U/S DIRECT »/S 1* HANJIN MASAN 063* 13 5 31 5 IS ?h 26 it, 46 fIHANJIN HAMBURC OOiE I»'s DIRECT 10/tl2/( HANIIN CHEJU O.'OW US1,073 words
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Advertisement1397 1991-05-10 34 OTW U j I LI I I M I. K SG RIG PUS M T OSK NCr mi IYO LAx CMS bal nyc lmv N R l p mbc pso 0,8 PKL f rjl«T «M! IM sft £ft s'i if'J 2,,s 1,4 21 423 4 2! 3 W I'l1' 11,397 words
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Page 35 Advertisements
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Advertisement2149 1991-05-10 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) JT, BOOKINGS: NEPTUNE LINK TEL: *****00 UK/EUROPE SERVICE-*****19 USA SERVICE *****16 AUST/INDIA/PAK SERVICE-*****18 FAR EAST SERVICE *****48 ■HPmm TERMINAL OFFICE-*****22 DOCUMENTATION OEPT *****44/*****14 ■Mb CFS: K27 IMPORT: *****69/*****50 CFS: K27 EXPORT *****53/*****04 NEPLINE SDN BHD MALAYSIA K L -<031 *****332,149 words
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Advertisement1050 1991-05-10 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES DISCHARGING FROM EASTBOUNO LOADING FOR WESTBOUND TRANSHIPPED AT ROTTERDAM VESSELS VOY |s!N |MIA ["M*C VOY |SIN1,050 words
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Page 36 Advertisements
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Advertisement1430 1991-05-10 36 K" W* 1 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W W ■m. V TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 BJ MALAYSIA: 'K" UNE MARITIME (MALAYSIA) SDN BHD JL MrnJ TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA LTD INDONESIA: P.T. SARANA LAUT1,430 words
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Advertisement1267 1991-05-10 36 v« PHILI OmCNT UN€S PTC LTD 108 ROBINSON ROAO #0/00 GMG BUILDING SINGAPORE 0106 1 TEL *****22/*****69 *****00 TELEX RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA \JfcagoT WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 20 MAY MONTREAL, OTTAWA, S N ONTARIO1,267 words
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Page 37 Advertisements
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Advertisement1632 1991-05-10 37 PACIFIC INTERNATIONAL LINES (PTE) LTD fR MU/M PIL Building, 140 Cecil Street »03-00, Singapore 0106. I JAKARTA "l I BANGKOK 1 VESSEL VOY SIN JKT SIN PAN JANG IH) "'/S U/5 WS EDEN 191 14/5 16/5 21/5 KOTA BIN TANG 9113 14ft 17/5 21« EQUATOR MAS 03N 16/5 18/5 23/51,632 words
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Advertisement1073 1991-05-10 37 < 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 SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Nedltoyd De)ima' 148 16/5 2/6 3/6 5/6 6/6 City of Edinburgh* 1461,073 words
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Advertisement526 1991-05-10 37 mm. MYANMA Pa FIVE STAR LINE 0 (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIg Pen P.Gdg MERGUI VIOSW 11/13 May PATHEIN VIUW 15/18 May HPA AN VI63W 22/25 May PAGAN VIO7W 25/28 May g* THE BANK UNI (A Mrvic* o( Andrew Weir Shipping) SEMI-CONTAINER SERVICE \1 HEAVY LIFT526 words
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Page 40 Advertisements
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Advertisement731 1991-05-10 40 TO AUSTRALIA/NEW ZEALAND (WT [sin ]7r«n ]*»lb Syd lAuck NP€ P CHALM ELLEN HUOIC 220 TvS 2L5 K/5 »5 J6 W BRUSSEL 271 »5 5* wis wi6 I*6 21* lis C VEROLME 272 13S W 21,6 30 *<7 ANTWERP** 2/3 2M 3(7 U/7 1»,7 2177 23(7 TO USA/CANADA VSL Singapore731 words
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Advertisement871 1991-05-10 40 EXPORTS TO HONGKONG. TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE |OUTBOUND W7KL~PNG JKT SIN HKG KAO KEE TYO SM2~ NGO KoTll VESSEL VOY [SIN I PKL PNC BLW SIN ACX LOTUS 128 5 15 14 5 18 5 20 5 24 5 25 5 26 5 PtIOPOW W 12871 words
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Advertisement238 1991-05-10 40 TRI-CEL FREIGHT SERVICES PTE LTD 28A, Tanjong Pagar Road Tel: *****51 (4 Lines) Fax: *****08 Tlx: RS ***** Contr Vessel SIN Loading for FX. SHAN 10/6 Limassol, Mersin Alexandria, Tripoli/Lebanon Beirut, Lattakia, Piraeus Z. SHAN 10/6 Lagos, Matadi A. VSL 11/5 Madras EXPRESS CONVENTIONAL SERVICE Vessel SIN Loading for A.238 words
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Advertisement1437 1991-05-10 40 /Ss taaif t 4 i i CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE c OSHIP 2. MISTRI ROAD, HMC BUILDING FAX: *****66 #15-00, SINGAPORE 0207 CABLE: COSTARLINE CR NO: U*****0000M General Agents: COSTAR SHIPPING PTE LTD TO HONGKONG AND CHINA FRO* HONG KONG AND CHINA VESSEL/VOY SCP HKC SHA1,437 words
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Page 41 Advertisements
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Advertisement932 1991-05-10 41 UKC CONVENTIONAL IMVICT Vessel PKI PNG P C. Loading for A VESSEL ffl/04 Rotterdam Antwerp CHINA rou CONTAINER «EKVICE Vessel SCP PKL BKK HKG QIN SHA YANGFANGKOU 149 01/5 2914 07/5 12/5 lb/S YANCFANCKOU 151 01/6 2% 5 0/6 12/6 16/6 Also accepting oth«f Chinese ports «ia HKG AUITAALIA H)U932 words
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Advertisement331 1991-05-10 41 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) fSP\ ETHIOPIAN SHIPPING LINES J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEt IvOY ETA LOADING FOfl SPORE ABBAY WONZ 28WG 3005 DARESSAi AAM MOMBASA DJIBOUfI ASSAB MASSAWA NET SANE T TTVVB331 words
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Advertisement575 1991-05-10 41 SEAWARO SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KELANG PENANG BLUE JAOE 25/5 Loading for Male IRUVAI HUDHU 25/5 Loading tor Calcutta DOLPHIN 12/5 115 Loading For Bangkok PIONEER SUPREME In Port Loading For Male DONAKULHI 25/5 Loaded For Feliwaru PROGRESS LIBERTY 6,6 Loading lor575 words
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Advertisement821 1991-05-10 41 SYDNEY/MELBOURNE BANGKOK VESSEL w SPORE SYO VESSEL VOY SINGAPORE BANGKOK PIYA BHUM 0704 1445/5 217*1% 31-2/t NANTA BHUM 40N Sat 11/5 Tue 14/5 PIANETA 0849 3-4/6 16-18/6 20-22/6 p£JA BHUM# 10N Sun 12/5 Wed 15/5 P |Y BHUM 0904 W* W 1/7 MAHA BHUM* 57N Wed 15/5 Sat 18/5 P.KELANG/PENANG/KUANTAN821 words
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Page 42 Advertisements
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Advertisement1387 1991-05-10 42 MAC-NELS SINGAPORE EXPORT TEL: *****22 IMPORT TEL: *****02 ||i PENANG TEL (04) *****6 «K TEL (088 *****0 TAWAU TEL (089)7/86/9 P KELANG TEL (03) *****// KUCHING TEI (082) *****3 SKAN TEL (089) *****2 ~IW\" J BAHRU TEL (0/) *****2 SIBU TEL (084)*****2 SARIKEI TEL (084)*****8 v W X 'JAKARTA TEL1,387 words
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Advertisement379 1991-05-10 42 BLUE STAR LINE SINGAPORE TO jNEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH FORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAFIKR, WELLINGTON. BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK LYT PROSPECT US 11 May 18 May Via NPL 20 May379 words
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Advertisement1078 1991-05-10 42 /<4» IHUNIi SOON LINES PTE. LTD. X/ I 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 mmmm TEL: *****88 FAX NO: *****11. *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER SERVICES *****55 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL VOT JtTA OEST VESSEL1,078 words
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Page 43 Advertisements
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Advertisement746 1991-05-10 43 COMPANIA PERUANA TOEX DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCI/SOC CARGOES TO/FROM CALLAO, MATARANI. ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P Kelang Singapore E Msia KARABIEVERE T T 13/15 May 18/20 May JOHNEVERETT 28/30 May 01/03 Jun SHAPUEVERETT 05/0/ Jun 08/10746 words
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Advertisement525 1991-05-10 43 f VSL [vOY~Js PORE ImAINLINER [LAX IkST jSAV NYC HfX ZIM YOKOHAMA ISC 1i,5 ZiM KLHuNG 10.6 19,6 W/fc |24,« 266 LEEWARD »E I*s AMERICA lfc,6 25/4 7&6 JDii 2/7 ZIM ELAT ME rt S ZIM HONGKONG 22 6 1/7 4/7 4.7 1/2 2IM STONE* 124 C JO'S Z'M IBERIA525 words
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Advertisement705 1991-05-10 43 |\7Kb LINER SHIPPING PTE LTD f i tIQ nson H oa d #17 06 International Plaza. Singapore 0207 Tel: *****33 (10 lines) \1 Telex RS ***** LSSHIP Fax: *****13 u.ujjFjra i ZZZZ FAR EAST" I IT HONGKONG "113/5 16/5 JAKARTA 11/5 18/5 KEEIUNG 12/5 16/5 MANILA 11/5 18/5 KAOHSJUNG 12/5705 words
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Advertisement617 1991-05-10 43 10k PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY j JATIDIHI 931 11/05 14/05 MELITA 01/91 13/05 16/05 PRASE TIA 169 A 16/05 19/05 JATIDIHI 932 18/05 21/05 TANTO UTAMA 163 16/05 19/05 TANTO UTAMA 165 24/05 27/05 Genera Agents ASIA PERINTIS617 words
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Advertisement439 1991-05-10 43 L^AMAiitißHHl|H||i^H SIN FAR EAST 12/5 KEELUNG/KAOHSIUNG 12/5 BANGKOK 11/5 MANILA/CEBU 11/5 JAKARTA/BELAWAN/SURABAYA 11/5 PORT KELANG/PENANG/E. Malaysia 13/5 BUSAN '13/5 TOKYO/YOKO/KOBENGO'OSA 13/5 HONG KONG SIN CHINA 13/5 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG Tl ANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 13/5 LDN/FLX/LVP/SOU 13/5 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary'Roumania/Poland/Bulgaria/foech. S|N USA/CANADA439 words
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Page 44 Advertisements
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Advertisement681 1991-05-10 44 Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) CONTAINER FEEDER SERVICE P.T. ANGKUTAN PERTAMBANGAN SERVICE VESSEL VOY SPORE JAKARTA SURABAYA TAKARI I 1702 13 MAY 16 MAY TAKARI IV 4084 09 MAY 12 MAY TAKARI I 1704 20 MAY 22 MAY TAKARI IV 4086 17 MAY 19 MAY681 words
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Advertisement169 1991-05-10 44 MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI DAMMAN. SHARJAH, DOHA, MUSCAT, BAHRAIN. ABU DHABI, BANDAR ABBAS. JEDDAH FAR EAST ACCEPTING FCL/LCL PENANG P KELANG. JAKARTA, BANGKOK, HONG KONG. TAIWAN. lAPAN. MANILA. KOREA UK/EUROPE ACCEPTING FCL/LCL lONDON FELIXSTOWE. LEEDS. TILBURY. ABERDEEN. LE HARVE. HAMBURG. ROTTERDAM. ANTWEP GOTHENBURG. COPENHAGEN ALL169 words
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Advertisement664 1991-05-10 44 SHIPPING CORP. SDN BHD LAiCm PT KLANC TIL 03 *****06 ft Mms) FAX *****11 \\m£/ PENANG TEL 04 *****9 SKA* TEL 069 *****2 SHU TEL W4 *****2 TAWAII TEL 069 *****9 KK TEL 066 24??50 KUCH TEL 062 *****3 M SI A TO USA/CANADA CONTAINER SERVICE fUQER VOY PEN 1664 words
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Advertisement438 1991-05-10 44 CUJi con-umv mmmodS J LCL/FCL SERVICE FROM f J U [S] CUJi operate* over 600 terminals/offios* in U^A. I II URh m CUJi maintain* ov*f 35,000 tr»ctor» truck*. V II M CUJI mtyn ov«r 60,000 point* in US. A. J Ctut rall*bi« LCt/FCL *ervice*. Generrt Agent*: TDJIA^r-F/AIMT «/J PENANG- KL:438 words
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Advertisement436 1991-05-10 44 FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 36N8 11/5 CAPITAINE DAMPIER 6NB 18 5 BANGKOK 12 5 16,5 BUSAN 14/5 23/5 HONGKONG 14 523 5 DURBAN/PT LOUIS 16/5 3/6 KEELUNG 12.-5 19 5 US A 13/5 20/5 PT. KELANG 17/5 24/5 KOBE 13,5 20/5 PIRAEUS 16,5 27 5 'pSAKA 14/5 21/5436 words
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Page 45 Advertisements
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Advertisement497 1991-05-10 45 MORE FREQUENT FLIGHTS WOMJMDE ifss'e! jTjii l£ siiT um iioiSi FfW InpHiw tSS *«m«|lmici t*«h» JfZario/9110 7/5 9/5 10,5 10/5 10/5 145 27/5 J/6 29,5 30/5 31,5 31* 2/6 3/6 4/6 S: SSSSm 111 a/5 30/5 31/5 31/5 1/6 4/6 17/6 10/7 19/6 20/6 21/6 21/6 22/6 22/6 24/6 Accepting497 words
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Page 45 Miscellaneous
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Miscellaneous310 1991-05-10 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 ****************************************1900 2000 2100 2200 2300 JR 15 13 12 1.3 1.4 1.6 19 2.1 2.2 2.2 2.0 1.7 1.3 1.1 09 0.8 0.9 1.2 1.6 20 2.3 24 2.3 2.1 PP 14310 words
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Page 46 Advertisements
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Advertisement743 1991-05-10 46 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST FEEDER VOY PKE JHR SIN LINE HAUL VOY LBH OAK SEA LINE HAUL VOY TCM/SEA PTI MING CHUN 124 04/05 05/05 08/05 H PIONEER 40E 03/06 06/06 09/06 GOLDEN GATE BRIDGE743 words
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Advertisement526 1991-05-10 46 CHARTPOINT Every Saturday in Business Times UK/CONTINENT (TRIO) Alto Accepting Cargo 1 Hamburg to Copenhagen Aarhui. Gothenburg. Malmo, S PORE TON H BURG B HAVEN R DAM LEH Helsinki Stockholm HONGKONG EXPRESS 01 111 11/S 30 5 AS 215 Rotterdam to Antwerp Amsterdam Oslo Helsinki KAGA II 111 12/5 »5526 words
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