The Business Times, 18 November 1991

Total Pages: 48
1 48 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MCI (P) 16/12/90 Monday, November 18, 1991 75*
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  • NEWS SUMMARY
    • 79 1 NEW DELHI Indian Prime Minister PV Narasimha Rao appeared to be headed towards a landslide victory yesterday in his race to win a seat in Parliament and retain his post as head of the Indian government. Early returns from Saturday's by-elections
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    • 53 1 KOMPONG KANTOUT, Cambodia Prince Norodom Sihanouk yesterday launched his campaign for an election more than a year away, on his first trip to the Cambodian countryside since his return from exile. "Please elect the prince in 1993," he said at a government-run centre 30 km south-west
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    • 37 1 A SLOWER PACE of price changes in Singapore might mean slower progress too as other countries catch up and overtake the Republic, said Deputy Prime Minister Briga-dier-General (Res) Lee Hsien Loong yesterday Page 2
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    • 26 1 THE FLOW of Singaporean money into Australian property continues unabated, with a Singapore Airlines purchase in Brisbane among the latest deals Page 7
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    • 41 1 PENTAGON and Western intelligence officials are expressing growing alarm that aggressive new efforts by the Soviet Un.on to sell weapons and advanced technology for badly needed cash is setting off a new wave of arms proliferation Page 9
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    • 24 1 THE different skills, experiences and personality that each employee brings with him to an organisation have to be skilfully coordinated. Page 11
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    • 30 1 IN THE 13 years since the end of the Cultural Revolution, Chinese musicians have made astonishing headway in the teaching and performance of Western music Page 17
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    • 33 1 RIGBUILDER Far East Levingston Shipyard's (FELS) US subsidiary Amfels Inc will receive a special bonus for early completion of conversion work on two drilling barges. Shipping Times Page I
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  • MARKETS SUMMARY
    • 39 1 PALMCO Holdings Bhd, which has been plagued by corporate infighting as well as several years of losses, appears to be well on the recovery path with its strategy of focusing on downstream palm oil products Page 3
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    • 43 1 SESDAQ-listed rubber components supplier San Teh, which has made strides with its rapid expansion and lately added a new plant in Nantong, China, is boosting the research and development unit at its other Chinese plant in Xiamen. Page 3
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    • 34 1 MALAYSIAN-BORN tycoon Lee Ming Tee plans a massive restructuring of Allied Group to consolidate group businesses into one major listing with net assets of more than HK$6 billion Page 4
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    • 34 1 A SENIOR Thai Cabinet, member, who negotiated with Hopewell Holdings Co in the past months, is optimistic that the firm will go ahead with its mass transit/real estate project Page 4
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    • 39 1 SECRET NEGOTIATIONS are underway between Abu Dhabi and the provisional liquidators of the failed Bank of Credit and Commerce International which could result in a pay-out to depositors and creditors of the collapsed bank Page 6
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    • 24 1 Exchange rates USS SS 1.6750 100 Yen SS 1.2904 MS SS 0.6111 Money market rates Overnight 3 3/4 +1/8 3-month 3 9/16% unch
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    • 24 1 Rubber S'pore Dec 134.25Vkg -1 M'sia Dec 222.5 '/kg -0.5 KL Tin Turnover 30 tonnes -22 Spot MS14.69/kg +0.04 +1,085 Jan MS860/tonne -14
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    • Article, Illustration
      27 1 Friday Change BT-MGA 714.75 -5.35 Kuala Lumpur ....545.74 -7.47 Tokyo 24,099.18 -77.36 Hongkong 4.271.34 60.02 Sydney 1,676.9 +6.5 New York 2,943.2 -120.31 London 2,546.6 -15
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  • 656 1  -  Issuers expect business to be hit when rulings are in force next year By S N Vasuki SINGAPORE New regulations for Singapore's credit and charge card industry arc now being discussed at the highest levels of government and will be implemented
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  • 459 1  -  Accord to set up commercial TV channel with Maharajah Group From Salil Tripathi in COLOMBO SINGAPORE TELECOM, through its international arm, Singapore Telecom International, has extended its presence in Sri Lanka with an agreement to set up a commercial television channel with the Maharajah
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  • 327 1 Reuter WASHINGTON US President George Bush said on Saturday there was no reason to get too worried about Friday's sharp decline in the US stock market and shrugged off suggestions that his comments about reducing credit card interest rates instigated the
    Reuter  -  327 words
  • 543 1  -  By Anna Teo SINGAPORE Debunking perceptions of the People's Action Party as an elitist, profit-oriented party that has neglected lower-income Singaporeans, Prime Minister Goh Chok Tong said yesterday that the PAP would set out over the next few years to correct
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  • Page 1 Advertisements
    • 201 1 (MK 1 fS^V^ Pm-fls'fJSP [[i^^TSiiSjBB Aircraft Schedule 29 Market Reviews 25 World News 9 The Arts 17.19 Money Cfianger Rates 29 For market indices, editorial. Commodities 28 Money Market 27 advertising and circulation exCompany News 3.4,5 Regional News 7.8 tensions, call Business Times Cryptic Crossword 29 SES 20-22 Information Service
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    • 11 1 Proposal for credit card rate limit faces Bush veto, Pg 6
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    • 83 1 KL studies effect of credit cards on savings. Back Pg Naturally enthusiastic. Aboard Japan Airlines, you quickly sense a genuine who encounter the lefreehing hoapitaity o# JAL once, do ao errthustaam on the part of the in-flight crew. If s easy to see again and again. Welcome aboard Japan Atfnaa.Wharaa
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    • 16 1 (Sp Dukm THE BETTER PAINT Open, consultative style to go with firm, decisive bid, Page 2
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 48 2 THE GOVERNOR of Hongkong, Sir David Wilson, begins a two-day visit to Singapore today. He is accompanied by Lady Wilson and various officials. The governor will call on Prime Minister Goh Chok Tong, Senior Minister Lee Kuan Yew and other ministers.
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      • 64 2 THE Singapore Tourist Promotion Board will host seminars in Fukuoka and Tokyo tomorrow and on Thursday as part of its efforts to raise the number of Japanese incentive travellers and convention delegates to Singapore. STPB director of conventions Kevin Leong says Japan is Singapore's largest source
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      • 56 2 SENIOR MINISTER of State for Education Dr Tay Eng Soon will officially open the Travelling Book Exhibition on "Environment Issues: Global Challenges" at the Singapore Science Centre Omni-Theatre. Jointly organised by the Singapore Science Centre and the US Information Agency, the exhibition will last
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      • 62 2 SINGAPORE Armed Forces Chief of Defence Force Lieu-tenant-General Winston Choo left last Saturday for a 12day official visit to the Middle East. The general will be visiting Egypt, Saudi Arabia, Kuwait and Turkey. The Ministry of Defence said the visit was aimed at fostering closer
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      • 55 2 IN A REPORT headlined "PAP to continue kindergarten classes in opposition wards in '92" in last Friday's BT, we said the government would phase out its role of providing pre-school education by 1992. The report should have said "two years from now" instead of "by 1992". We
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    • 288 2  -  PAP Convention '91 By Anna Teo THE GOVERNMENT will now couple its open, consultative style with a firm, decisive hand, challenging and countering wrong or negative views before they catch hold and become widespread. In particular, the consultative style
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    • 328 2 A SLOWER pace of price changes might mean slower progress too as other countries catch up and overtake Singapore, said Deputy Prime Minister Lee Hsien Loong yesterday. Some party members argue that the paces of economic restructuring, and of price adjustments of
      328 words
    • 236 2 THE Economic Development Board (EDB) has reshuffled the portfolios of several senior officials, appointing them to key positions in more recently-formed business units aimed at promoting investment. The move which will be followed later by a recruitment drive for other full-time staff involves mainly
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    • 283 2 SHANGRI-LA Hotel is spending $30 million to convert one of its carparks into a "pillarless" ballroom cum convention facility in the second phase of its $90 million renovation programme. The ground-breaking ceremony at the Orange Grove Road hotel yesterday was attended by Shangri-La
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  • Page 2 Advertisements
    • 82 2 f mMM '■Ml I ~--*3f 111/ RUE DU PORT mj. The street Rue du Central France, teems with people searching for the latest fashions 'VFt H r^e c^°'ccst f°°d s ot surprisingly, queues abound, with traffic invariably to a are fortunate A JK a the stay permitted 1 minutes. And
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    • 121 2 HCHECK IN ANDI I START BUSINESS! I It's waiting for you: The luxury of a fully furnished executive office with all the H business support facilities you'd ever need H secretarial services, conference room, answering service, fax, copier, telex, word H processor and what have you? Other "plus" features include
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  • COMPANY NEWS 1
    • 772 3  -  Company achieving its objectives with this strategy, says chairman From William Chia in KUALA LUMPUR PALMCO HOLDINGS Bhd, which has been plagued by corporate infighting as well as several years of losses, appears to be well on the recovery path with its strategy
      772 words
    • 319 3 MBT KUALA LUMPUR Celcom, Malaysia's first private mobile telecommunications operator, plans to invest either Msl.2 billion or Msl.B billion (*****.2 million or 551.09 billion) over a threeyear period starting this year to build up its telecommunications infrastructure in the country. Chairman Tajudin Ramli said
      MBT  -  319 words
    • 385 3 MBT KUALA LUMPUR Alpine Resources and Arah Murni will seek a waiver of the mandatory general offer for the remaining Technology Resources Industries (TRI) shares on completion of their proposed disposal of a 49 per cent stake in Celcom to TRI via
      MBT  -  385 words
    • 451 3 MARKET TALK Reuter TOKYO Wall Street's 120-point dive is likely to give Tokyo financial markets a bad experience today, according to brokers and analysts. "New York, if anything, had been a supporting factor for the stock market here," said Paul Migliorato
      Reuter  -  451 words
    • 411 3  -  From Claire Leow in XIAMEN SESDAQ-listed rubber components supplier San Teh, which has made strides with its rapid expansion, and lately added a new plant in Nantong, China, is boosting the research and development unit at its other Chinese plant in Xiamen.
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    • COMPANY BRIEFS
      • 70 3 KUALA LUMPUR BERJAYA Group had announced that a notice of takeover offer has been received from Pertama Merchant Bank on Jutamex's intention to make a mandatory general offer for all the issued and paid-up shares of Berjaya at MJ 1.38 (SS0.88) a share (other
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      • 67 3 KUALA LUMPUR Kamunting Corp Bhd (KCB) now holds 98.35 million shares in Magnum Corp, after an additional acquisition of 205,000 shares by Dunlop Estates, a subsidiary of Multi-Purpose Holdings, in which KCB holds a substantial interest. KCB's direct interest held by MPH amounted to 179,000
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      • 62 3 KUALA LUMPUR Dunlop Estates has reduced its stake in Kamunting Corp to 68.04 million shares, after disposing of 1.03 million shares in Kamunting held by its wholly owned subsidiary Reapro. Dunlop's indirect stake, held through Reapro, amounted to 46.04 million shares, while its stake held through
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      • 60 3 KUALA LUMPUR Evergreen Equity has bought an additional 21 million shares in Mulpha International on the open market, raising its stake in the company to 38.896 million shares. In a separate release, Regal Capital announced that it has ceased to be a substantial shareholder of Mulpha,
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      • 37 3 KUALA LUMPUR Rashid Hussain has announced that interest payment of 5 per cent per year for the period of July 1, 1991 for its redeemable unsecured loan stock will be payable on Dec 31,1991.
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      • 33 3 KUALA LUMPUR United Plantations has declared an interim dividend of 2.5 per cent less tax for the year ending Dec 31, 1991 on the issued ordinary capital of the company.
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    • COMPANY BRIEFS
      • 127 4 TOKYO Eight Japanese and two US electronics companies have agreed to jointly develop a large-scale integrated circuit (LSI) for high-definition television, a leading economic daily reported on Friday. The Nihon Keizai quoted industry sources here as saying that the 10 firms are aiming
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      • 133 4 MILAN Industrialist Carlo De Benedetti said he decided to assume daily management of computer maker Ing C Olivetti C SpA to give a clear message to employees that the company is facing serious losses. "Tough times have returned and my re-entry contains a clear
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      • 104 4 WASHINGTON The Federal Trade Commission said it gave final approval to a consent agreement with Nintendo of America Inc, settling charges that the firm fixed the prices at which dealers advertised and sold its video games. The FTC had said the alleged price fixing increased consumer prices
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      • 101 4 TOKYO C Itoh Co, a Japanese trading firm, said it will set up a joint venture with Soviet and Czech oil refiners to conduct a feasibility study on oil development in western Siberia. The joint venture is to be capitalised at slightly more
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      • 91 4 TOKYO Toshiba Corp said last week it had agreed with a Chinese corporation to establish a joint venture in Hangzou, in south-eastern China, to produce components for consumer electronic products and electric machinery. The new company, Hangzhi Co Ltd, will be formed on Nov 30,
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    • 507 4 HONGKONG Malay-sian-born tycoon Lee Ming Tee plans a massive restructuring of Allied Group to consolidate group businesses into one major listing with net assets of more than HK$6 billion (551.29 billion), reported the South China Morning Post on Saturday. The move would involve privatising
      Source: SCMP  -  507 words
    • 526 4 BANGKOK A senior Cabinet member, who negotiated with Hopewell Holdings Co in the past months, is optimistic that the firm will go ahead with its mass transit/real estate project, reported The Nation on Friday. The Thai minister, who asked not to
      526 words
    • 417 4 Asahi News TOKYO IBM Japan Ltd is leading a concerted effort aimed at breaking up NEC Corp's dominance of the domestic personal computer market. An IBM-led alliance of computer makers is hoping to chip away a major portion of NEC's 50
      Asahi News  -  417 words
    • 622 4  -  MARKET TALK Equity markets Down Under show signs of life after long slumber By Duncan Mount The writer is managing director of CEF Investment Management Ltd HONGKONG The Australian equity market has not only revived after a long period of undcrperformance sincc the October 1987 crash, but
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    • 412 5 Reuter CARACAS A consortium of international and Venezuelan companies led by GTE and American Telephone and Telegraph has paid US$l,BB5 billion (about 553.2 billion) for a 40 per cent stake in the nation's telephone company. The losing bid for the 40 T*r cent
      Reuter  -  412 words
    • 280 5 UPI LOS ANGELES MCA Inc filed a lawsuit against record giant Polygram for persuading Motown, a Black music label, to breach its distribution agreement with MCA. The move last Thursday was the latest in an acrimonious dispute between MCA and Motown over
      UPI  -  280 words
    • 263 5 Reuter STOCKHOLM Swedish white goods maker AB Electrolux lost 27 million crowns (about 557.6 million) in the third quarter of 1991 after break-even results a year earlier. It earlier said its ninemonth profits fell 12 per cent to 890 million crowns, mainly due to
      Reuter  -  263 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 228 4 Hard work and special talents are what's behind evety great performance in ballet... *> t -J<, iM^i'^i: 1 '.vj 1 T^®*- >>-%.,». >{.; and banking. It takes skill, dedication and years of experience to pride and precision to a full range of international become a prima ballerina with the Bolshoi
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  • Page 5 Advertisements
    • 156 5 mfrwf i .j. Hyatt Regency Singapore A Grand Room at Hyatt Regency Singapore is an altogether different experience for those travelling on a corporate budget. Each comes with lounge and bedroom areas that are as large as they are luxurious. Yet costs no more than most deluxe rooms. A shrewd
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 96 6 KARACHI The well-known Habib banking family yesterday launched a new commercial bank, the first among 10 private banks allowed this year since the Pakistani government lifted a 20-year ban. Bank Commerce Al-Habib Ltd issued a prospectus inviting public subscriptions for authorised capital of US$2
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      • 119 6 MANAMA, Bahrain Saudi Arabia will begin issuing Treasury bills today. Bankers in the kingdom said the Saudi Arabian Monetary Agency (Sama) notified banks in a telex last Saturday that the first offering of four, 13 and 26 week bills would be made today. Another offering
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      • 61 6 PARIS Algeria's repayment last week of a large proportion of its arrears to France should help finalise bank credits backed by French state guarantees, a French Finance Ministry ofTicial said last Friday. As a result of the repayment, a pool of banks was likely
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      • 81 6 WASHINGTON Wells Fargo Co has said more of its commercial and real estate loans may go sour, unless the US economy improves. For real estate, the situation might ease, if occupancy rates improved, it noted in a quarterly financial report to the US Securities and
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    • 528 6 The BCCI collapse FT LONDON Secret negotiations are underway between Abu Dhabi and the provisional liquidators of the failed Bank of Credit and Commerce International which could result in a payout to depositors and creditors of the collapsed bank. The plan would
      FT  -  528 words
    • 339 6 Reuter WASHINGTON US President George Bush will veto legislation setting mandatory limits on consumer credit card interest rates but he does want long-term rates and credit card rates to come down, according to Housing and Urban Development Secretary Jack Kemp. Interviewed
      Reuter  -  339 words
    • 185 6 SINGAPORE Thailand's Bangkok Bank of Commerce, a private, full-service commercial bank, has obtained its maiden funding in Singapore through a US$lB million (5530.2 million) credit facility. Arranged by Asean Finance Corp, the one-year term loan can be extended on an annual basis
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    • 357 6 Reuter MIAMI American Savings of Florida has announced that it has filed a suit in the LIS District Court for the Southern District of Florida against Michael Milken, owell Milken and "numerous other persons and entities" related to them and to the defunct Drexel Burnham
      Reuter  -  357 words
    • 480 6 Court ruling raises questions over compensation NYT LOS ANGELES A plan to rescue Executive Life Insurance Co was thrown into turmoil last Friday after a judge ruled that the company's new owners must give the same consideration to municipal bond investors that insurance
      NYT  -  480 words
    • 542 6  -  MARKET TALK By Chen Chien-kuo Reuter TAIPEI Heavy demand is expected at Taiwan's first auction of government bonds today and cash-rich financial institutions will bid aggressively, according to bankers and securities analysts. The NT524.5 billion (551.58 billion) of five-year bonds are
      Reuter  -  542 words
  • Page 6 Advertisements
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    • 16 6 Find out how sellers are reaching out to buyers in Advertising Marketing. Every Thursday in BT.
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  • THE REGION 1
    • 503 7  -  By Salil Tripathi SINGAPORE The flow of Singaporean money into Australian property continues unabated. In a deal concluded last month, Singapore Airlines purchased accommodation for its own use in the Brisbane central business district. SIA is not alone. As Jim
      503 words
    • 482 7 Indon MP makes call in wake of shooting incident Reuter JAKARTA Indonesia must re-evaluate its rule in East Timor after the army opened fire on mourners there last week, a leading parliamentarian said on Saturday. "There need to be an evaluation of the whole
      Reuter  -  482 words
    • 331 7 Bernama KUALA LUMPUR The Malaysian Budget 1992 proposal on lower import duties on yarn, fabric and garments has invoked mixed feelings among textile manufacturers but the Malaysian Textile Manufacturers' Association (MTMA) is confident the move will trigger increased activity in the
      Bernama  -  331 words
    • 519 8 Reuter PHNOM PKNH Cambodia's Princc Norodom Sihanouk said on Saturday the Phnom Penh government and a political faction he once headed had forged an alliance which expected to share power after a UNsupervised election. Prince Sihanouk, who has started calling Phnom Penh Prime
      Reuter  -  519 words
    • 359 8 Reuter BANGKOK Australian Trade Minister Neal Blewett has said other countries should follow Canberra's lead in helping Vietnam break out of its isolation, now that a Cambodian peace accord has been signed, according to a diplomat in Hanoi. Mr Blewett, Minister for Tradc and
      Reuter  -  359 words
    • NOTE BOOK
      • 72 8 MEXICO CITY Indonesia's President Suharto will make an official three-day visit to Mexico this week, the state news agency Notimex said on Saturday. Mr Suharto would discuss economic and technical cooperation with President Carlos Salinas and visit the luxury resort of Cancun, Notimex quoted
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      • 69 8 BANGKOK Thai newspapers on Saturday joined prodemocracy academics and students in attacking a draft constitution which they say would allow the military junta to cling to power after national elections. "...The draft contains all the key elements necessary for the revival of an undesirable, bygone
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      • 75 8 BANGKOK Thailand is switching focus to non-tradi-tional markets in South Africa, Indochina, Latin America and Eastern Europe, says a report in the Bangkok Post. Foreign Trade Department director-general Charae Jutharattakul said the adjustment in exports direction will boost their total value through expanding potential markets.
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      • 93 8 HONGKONG Hongkong's Executive and Legislative councillor, Allen Lee Peng Fei, surprised his colleagues on Friday by resigning as their Senior Member in a move he claimed was defending the integrity of the legislature, reports the South China Morning Post. He made the announcement just before
        93 words
      • 79 8 SYDNEY The internally self-governing territory of French Polynesia hopes to attract Asian and Australian investment in luxury tourism as it ponders an uncertain economic future, a senior official said. In per capita terms, the territory is the richest country in the Pacific, thanks to spending by
        79 words
      • 63 8 MANILA Philippine President Corazon Aquino and Imclda Marcos appeared yesterday to be heading for a major court battle over what to do with the unburicd body of former dictator Ferdinand Marcos. Antonio Coronel, the former first lady's chief Philippine lawyer, said Mrs Marcos was considering challenging
        63 words
    • 277 8 AP SYDNEY High unemployment and other signs of a lingering recession are putting Prime Minister Bob Hawke under heavy fire and making Australia's rancorous political scene even more bitter than usual. He also may face a challenge for the leadership of his own
      AP  -  277 words
    • 209 8 BANGKOK Thai Deputy Industry Minister Vira Susangkarakan said last week the ministry has asked the Economic Screening Committee to consider a proposal to develop the iron and steel industry, covering all aspects of the production cycle, the Bangkok Post reported on Friday.
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 1394 8 SINGAPORE Li INSTITUTE OF MANAGEMENT (1) The Psychology of Achievement December 11-13,1991 SS7SO SIM members/SsB9o non-members This practical "how to" programme is packed with practical ideas and strategies to help you get the most out of your career, your relationships and virtually every aspect of your life This exciting seminar
      1,394 words
    • 58 8 europlan A manufacturer of New Zealand high quality steel office furniture is interested to meet potential local distributors for Singapore and Indonesia market. Representatives from New Zealand will be in Singapore f from 18 November 1991 to 20 November 1991. Please contact: Mr. Alan Ogden Melia at Scotts 45 Scotts
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  • THE WORLD
    • 418 9 Fears over escalation of arms race among buyers NYT Washington Pentagon and Western intelligence officials are expressing growing alarm that aggressive new efforts by the Soviet Union to sell weapons and advanced technology for badly needed cash is setting off a new
      NYT  -  418 words
    • 456 9 Reuter MOSCOW The implications of Russian President Boris Yeltsin's latest sweeping economic reform announcement were still unclear on Saturday, as new revelations were published on the country's fast-vanishing gpld reserves. Impatient with the paralysis which has seized Soviet officials contemplating reforms
      Reuter  -  456 words
    • 332 9 AFP BRUSSELS The European Community (EC) and the Efta nations of northern Europe are due to initial an agreement here today to create the world's largest common market after more than a year of tortured talks. The chief negotiators of
      AFP  -  332 words
    • 470 9 IHT TOKYO Just 30 years ago, it was nearly impossible to find a home in Tokyo for US$3O,OOO. Three years before the 1964 Tokyo Olympics introduced Japan to the developed world, residential neighbourhoods had a postwar, impoverished air. Most were a sprawling morass
      IHT  -  470 words
    • 452 9 Reuter WASHINGTON Alan Greenspan is likely to win Senate approval for a second term as Federal Reserve chairman, but not before undergoing some hard questioning on his handling of the floundering US economy. Mr Greenspan is expected to outline Fed efforts
      Reuter  -  452 words
    • WORLD WATCH
      • 75 9 BONN Russian President Boris Yeltsin has said in a radio interview that he is seeking concrete cooperation agreements during his upcoming visit to Germany but "would not beg". He singled out agreements in agriculture, transport and roadbuilding projects in the interview with the Cologne-based
        75 words
      • 57 9 KUWAIT Kuwait has relaxed its boycott of Western companies dealing with Israel hoping to attract more tenders for post-Gulf War reconstruction. Ibrahim al-Ghanem, direc-tor-general of customs and excise, said last Friday that Kuwait had "eased its boycott regulations and restrictions to remove a stumbling block in
        57 words
      • 84 9 OTTAWA Canada's annual inflation rate dropped dramatically last month, to 4.4 per cent against 5.4 per cent in September. The government announced last Friday that the nation's consumer price index was down for the second straight month, at 126.5 points (with 1986 prices providing the base
        84 words
      • 63 9 NEW ORLEANS David Duke, a former K.u Klux KJan leader who aspired to Louisiana's highest office, conceded defeat to flamboyant former three-term governor Edwin Edwards less than two hours after the polls closed on Saturday in a bitter, racially divisive campaign. Edwards, a Democrat, won
        63 words
    • 350 9 FT LONDON British Prime Minister John Major has pledged to keep his country at "the heart" of the European Community but fight off federalism as he seeks to maximise his support within the Conservative Party on Europe in this week's House
      FT  -  350 words
  • Page 9 Advertisements
    • 210 9 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 NOTICE To the holders of the U.S. $200,000,000 Floating Rate Notes Due 1997 of: BANK OF CHINA (Zhongguo Yinhang) 410 Fuchengmennei Dajie Beijing People's Republic of China We hereby certify that the rate of interest payable on the above mentioned Floating Rate Notes for
      210 words
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  • ANALYSIS
    • 953 10 Save for Cuba and Haiti, all nations have disavowed Marxism, and are happier for it NYT SUDDENLY, a look at the economic map of Latin America shows a startling change. After a decade of no growth, crippling inflation, rising foreign debt, protectionism
      NYT  -  953 words
    • 719 10  -  Taiwan faces a US$35 billion environment clean-up bill. Therein lies a gold mine for those selling environmental technology and hardware, says Nirmal Ghosh Nirmal Ghosh TAIWAN has become a case study of a country on a fast development track but
      Source: Taiwan's Environment Protection Administration  -  719 words
    • 903 10 Analysts cite two factors: the American penchant for fast foods dies hard, and growing European and Asian markets IHT TIMES may be tough, but you still have to eat. As economists debate the variables of a US economic recovery that may
      IHT  -  903 words
  • Page 10 Miscellaneous
    • 49 10 DOONESBURY BY GARRY TRUDEAU MR RBPftfiN, PUNCHING KTYS TOR USUALLY Tf*> A MtCK JAG6BX OR Tf€ KA CAN BZ PRETTY WOOUS. SON* FOOTBAU- PLAYER. BUTIAIZ W THATS THAfc BOY ANYTHING SOSOMtTIM&uemttOUR- IN'BB, AFTER QUAMt MAS NOM- V lurpphlFiLß ITLL POYOU ON MICK? BYHJtNPOWSHOPPNb' SOMEONECHECKS? L MINT?? I i.VrJNt-QSfff&f j
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  • ENTERPRISE & MANAGEMENT
    • 1271 11  -  The different skills, experiences and personality that each employee brings with him to an organisation have to be skilfully coordinated, say Kenneth Stott and Allan Walker. In this article, they offer some advice to managers on how to get the most out of each employee
      Punch  -  1,271 words
    • 863 12  -  Shoeb Kagda finds out that formulating a vision to determine the direction and purpose of a company and making sure it is communicated to every member of the organisation is not an easy task Shoeb Kagda MOST multinational corporations have gone through a
      Picture by Arthur Lee  -  863 words
    • 755 12  -  Claudia Deutsch discovers the problems to be tackled when two companies decide to merge Claudia Deutsch NYT Merging two companies is never easy. Merging two competing companies can be a recipe for disaster. Salespeople must tout the rival they once sold against. Researchers and
      NYT  -  755 words
  • Page 11 Advertisements
    • 215 11 MBCRANfIELP MBA This is your last opportunity to apply for the fourth annual entry to the Cranfield MBA Programme commencing January 1992 in Singapore. In a survey conducted earlier this year by the British Institute of Management, Cranfield School of Management and London Business School were ranked as the top
      215 words
    • 5 11 Absolument s> ■ti V'V' <» V
      5 words

  • Page 12 Advertisements
    • 130 12 JMr^ Fine Fare For A Perfect Evening To kick off that perfea evening, And for that perfea ending, savour select from the freshest greens and scrumptious desserts with a hot cup delectable appetizers and be served of coffee or tea. with sherbet. For your selection, we are introducing a new
      130 words
    • 153 12 r Keep yourself constantly informed of the latest developments in Japan's Steel industry by regularly subscribing to JAPAN STEEL JOURNAL, the one and only English daily journal in Japan, supplies quick, accurate and authentic news on principal events in Japan's iron and steel industry. It also closely follows daily price
      153 words
    • 149 12 BEW A R E Because Thw»'» Only One Original. And it's a facH Because SUN-X is indeed the ONLY genuine sun-control film that has been in Singapore since 1968. Through our professionally trained team of film specialists, SUN-X sun-control fHm has been installed in countless buildings, offices and houses. AJ))
      149 words

  • SPORTS 1
    • 428 13 AP ROME In an event that turned into a tribute for Magic Johnson, the Italian national basketball team defeated a team of foreign All-Stars 136-122 on Saturday. Rome's Paleur Arena was festooned with a dozen banners bearing the name of Johnson, the NBA star
      AP  -  428 words
    • 762 13  -  Richard Lyons tracks the growing popularity of American sports in Europe Richard Lyons NYT NEW YORK American fast-food, rock music and blue jeans dominated European pop culture over the last decade and now enthusiasm for American sports is poised to become the major export from
      NYT  -  762 words
    • SIDE LINES
      • 92 13 HELSINKI Reigning squash world champion Australia, fielding world No. 4 Chris Dittmar, No. 5 Chris Robertson and No. 6 Brett Martin, were to meet England yesterday in the final of the world team championships. On Saturday, both top teams had an easy passage
        92 words
      • 101 13 SYDNEY German chef Marko Rudolph dished up American lightweight Oscar De La Hoya's first defeat in a major boxing competition at the world amateur championships yesterday. Rudolph, a 21-year-old from Cottbus on the Polish border, provided the tournament with its first significant upset in a
        101 words
      • 77 13 INDIANAPOLIS Top-seeded Katerina Maleeva of Bulgaria defeated unseeded Audra Keller 7-6 (7-1), 6-2 on Saturday to win the Jell-O Classic tennis championship. Keller, an American, had set points at 6-S in the first set, but Maleeva won the next three points to take a lead that
        77 words
      • 132 13 PRESTON, England Alex Higgins, banned for the whole of last season after a series of misdemeanours, is to be reported to snooker's ruling body following his 4-9 defeat by world No. 1 Stephen Hendry in the fourth round of the British championship on Saturday. Later lan
        132 words
      • 115 13 AUCKLAND The All Blacks are playing too many games and are starting to suffer from bumout, ace goal kicker and first five-eighth Grant Fox said in an interview published yesterday. Fox told the Sunday Star newspaper that the New Zealand Rugby Football Union was scheduling
        115 words
    • 540 15 AP FRANKFURT Pete Sampras, playing what he said were the two best sets of his career, beat Ivan Lendl, and Jim Courier ousted defending champion Andre Agassi on Saturday to reach the finals of the ATP Tour World Championships. It will be the
      AP  -  540 words
    • 174 15 AP KAPALUA, Hawaii Just about the only thing Mike Hulbert wasn't penalised for was his patience. Eventually, that paid dividends. "I didn't think I was ever going to get there," Hulbert said on Saturday after rallying for a tie before beating Davis Love 111 in
      AP  -  174 words
    • 416 15 AP PHILADELPHIA Jennifer Capriati overpowered Gabriela Sabatini with her backhand passing shots to move into yesterday's final against top-seeded Monica Seles in the Virginia Slims of Philadelphia tournament. Capriati won 6-3, 6-4 in the semi-final of the U*****,000 (S$588,000) event. Seles reached
      AP  -  416 words
  • Page 13 Advertisements
    • 140 13 PRIME NEW ZEALAND RETAIL PROPERTY For Sale QThe Supermarket Collection A PORTFOLIO OF NINE SUPERMARKET PROPERTIES ALL SECURELY LEASED TO A SUBSIDIARY OF INTERNATIONAL RETAILER, COLES MYER LTD. PRIME LOCATIONS Eight strategically positioned throughout Auckland city and one in a prime Palmerston North CBD location. SECURE TENANT Foodtown Supermarkets Ltd,
      140 words
    • 36 13 remM.t TXE-$131,800 i* 2 Litre 120 BHP Injected Engine Tropicalised Cooling System Both Front Seats 18CP Rotable Easy Removable Chairs/Spacious Luggage Space Prestigious Wagon, ideal for 3 Generation Family 24 LENG KEE ROAD SINGAPORE 0315 4741VM
      36 words

  • Page 14 Advertisements
    • 450 14 THE GOOD NEWS IS THAT TWO DUTCH BANKS HAVE MERGED. 4 •A J v I THE BAD NEWS IS THAT OUR NAME MAY SOUND LIKE DOUBLE DUTCH TO YOU. The merger between ABN Bank and Amro Bank has given In the day-to-day practice of banking they cooperate the financial world
      450 words

  • Page 15 Advertisements
    • 234 15 Commitment TbAsean To foster closer Economic and Cultural ties between the member nations off Asean, the following companies have come together as Founder and Charter members off Asean*s first and exclusive business club. The organisation is committed to developing new businesses between Asean companies, promote on-the-job training and to give
      234 words
    • 800 15 TIME-BASED CHARGING STARTS DECEMBER 1 I The Straits Times The Sunday Times Business Times H The New Paper I Berita Harian B Berita Minggu I Lianhe Zaobao I Lianhe Wanbao I Shin Min Daily News I Friday Weekly Call our sales teams now to place your bookings: Yoke Lin on
      800 words
    • 383 15 M THE MATTER OF THE COSMAMES ACT, CAP. 90 AND IN THE MATTER OF SING THAI GRAINS (PTE) LTD NOTICE IS HEREBY GIVEN pursuant to Section 301(1) of the Companies Act Chapter 90. that a Final Ganarai Meeting of Ote abovenemed Company wHI ba haM at 9 Panang Road *12-00
      383 words

  • Page 16 Advertisements
    • 62 16 S i aa c|) <ap cd it e we lccDmmes dam Aaaaeiricfliiii JLe<gjac!y. i a MflgiMil f f 4 t I 1 V r I.•• w i -.V /w f ■> •:> t i k L j, i i v- J fit i 1 IF V <• f ij .il:i
      62 words

  • THE ARTS 1
    • 1093 17  -  In the 13 years since the end of the Cultural Revolution, Chinese musicians have made astonishing headway in the teaching and performance of Western music. Barry Millington visits China's leading conservatories for the inside story Barry Millington NYT EVERY now and then a cultural or political shift
      NYT  -  1,093 words
    • 530 19  -  P Y Van reviews last Friday's Singapore Symphony Orchestra concert P Y Van PIERRE Amoyal's incomparably elegant lyricism gave Brahms' Concerto for Violin and Orchestra in D, Op 77 an extra dimension at last Friday's Singapore Symphony Orchestra concert, which was conducted by Maestro Choo
      530 words
  • Page 17 Advertisements
    • 277 17 A COMMANDING PERFORMANCE THAT'S CLEARLY MINDFUL OF THE ENVIRONMENT. The new XJ6 3.2 is first and foremost a technology has refined its 6-cylinder engine to near seat belts. Central locking, electric windows and A final thoughtful touch of a marque whose driver's car. A rare blend of racing experience, silent
      277 words

  • Page 18 Advertisements
    • 160 18 WHERE TO WINE, DINE AMD ENTERTAIN WHEBE TO WINE, DIKE AMD ENTERTAIN WHERE TO WINE, DINE TANTAUSING TREATS Don't miss our weekly specials in Tien Court. 04/11—10/11: Double Boiled Superior Shark's Fin $22.00 11/11—17/11: Steamed Sultan Fish $4.00 per 100 gm. 18/11—24/11: Braised Whole Abalone $12.00 25/11—01/12: Small Lobsters cooked
      160 words
    • 364 18 SCOTTS LOUNGE jLM/ Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist. Experience Hyatt Regency Singapore's new Scotts Lounge. I Ivan Regency Singapaelo-12 Notts Road Singapore 0922 Tel: 733 11HH g\ DINNER I—
      364 words
    • 230 18 However, before you indulge in our deleci- i able desserts, sample Get Thai euisine Chicken "TTIi/ii im Basil Leaves IhfW EVtffT HeU and Thai Duck 1 k'nu changes regularly Plaza Hotel —•WOi—> tiwiwtwilt Will£ AwXL2J2L 2W«»I| r; V^'jV Cafe Aladdin's popular International Buffet. Featuring an array of mouthwatering western and
      230 words
    • 173 18 Local Tea Time delights at Chatterbox every Friday, Saturday and Sunday 3 pm to 5.30 pm. $14.50+ per person $8.50+ per child (below 10 fit) Mtzum Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pm to 6 pm. $16.00+ per person $10,004- per child (below 10 yrsl 111
      173 words
  • Page 18 Miscellaneous
    • 834 18 TELEVISION AND RADIO im ;•>». <»«*■■ su»«mhM ,wm# w,> MMau.w nniT-'in v iirinii i[ii-^miiTr--m»iwi————n——■»—— «—i— ——»«i— <i n i—i > »mih imu hum.. ■ujixnwi i i —mi iminr-ni 1 r~ ~W~ j f "m /T j Adventures of the Gummi 5.30 Saber Rider (Cartoon). I ITA /\V| fhA f\ «t
      834 words

  • Page 19 Advertisements
    • 232 19 Businessman Lunch Buffet Enjoy a sumptous appetiser and dessert spread with a choice of one main course. In the relaxing ambience of a hunter's lodge. Monday to Friday. 12 noon to 2.30 pm $31.00++per person. A For reservations, please call 732-1222 ext 1582/97. ANA HOTEL SINGAPORE 16 Nassun H.H, Singapore
      232 words
    • 499 19 ffil: T, 4iV V V'.-IC/ >. s V 1 n f f 1 '-:>, n £SFg3ja3»:g jg;> vS X SKv- W V .vx it? j r **f- _>'• M '.•^5/' j fl t -i'3£& w VVpPr'<PR|EViBHflpHHHHHD|HnRf^SaK\S^3By T '-> /fS% 9-COURSE DELICACIES 9 BONUS ITEMS $238f L I ASSORTED COLD CUTS
      499 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4682 20  -  By Schutz Lee STOCKBROKERS and analysts expect the market to be slow this week, continuing the consolidation that was seen last week. The sharp 120.31 point fall suffered by the Dow Jones Industrial Index in New York last Friday, the biggest drop in more than
      4,682 words


  • 3438 22 Rothmans M 50« 760 60 8.6% Leader U 360 20 +5.9% NST A 314 +20 6.8% Bolton 122 +17 +16.2% H Leong Ind 50» 430 +16 3.9% Oriental Hldgs 550 +15 +2.8% Guinness 50* 314 +14 +4.7% IJM Corpn 220 +14 6 8% MISC Foreign
    3,438 words
  • Page 22 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 4661 23 NST THE Kuala Lumpur stock market rallied in the early part of last week but the runup appears to have stalled or even fizzled out. After several disappointing attempts at an extended rally earlier, the market made yet another effort last week. This
      NST  -  4,661 words
  • Page 23 Advertisements
    • 291 23 BJMn^SSTIMIS^ TELEPHONE; 730-5771/5772/5773 FAX: 734-4982 M THE MATTER OF THE COMPAMES ACT, CAP. SO AND IN THE MATTERS OF SUPERSTAR TANKERS A TRADING PTE LTD (In Voluntary liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovanamed Company,which is being voluntarily wound-up, are mowed on or before 19ti day
      291 words
    • 137 23 M THE MATTERS OF THECOMPANESACT (CHAPTER 50) AND IN THE MATTER OF SUPERSTAR TANKERS A TRADING PTE LTD (incorpomtv n in# Republic el Singapore) (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that pursuant to Subsection (1) of Section 290 of to Companies Act (Chapter 50) an Extraordinary General Mooting of
      137 words
    • 567 23 M THE MATTER OP THE COMPANIES ACT. CAP. 88 AND Rl THE MATTER OP PUBLIC PREBB COMPANY (PTE) LTD NOTICE IS HEROY GIVEN purouent to Section 300(1) of ew Companiaa Act Chaptar 90. that a Final General Meeting ot toe aboranemed Company wM ba held at 0 Panang Roatf #12-00
      567 words
    • 294 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINGFOOKON (PTE) LTD (In Mimfciri' Voluntary UquMallon) Al an Extraordinary Ganerai Meelmg at Vie membeii of WING FOOK ON (PTE) LTD duly convened and heW al 2 nriayao" Graan #07-02. Am Insurant* Bu**ng Singapore 0104 on
      294 words

  • BT SHARE INFORMATION SERVICE
    • 424 24 C>imt Date Year 6mp Net Net earaiags Grnt m to profit/loss (L) per share dhrMead ('OM) (cants) Faber Group Nov 13 Jun 91 M$32.435($15.981L) 81(-) Chun Hup Nov 6 Jun 91 $8 905($8,064) 5 8(5 2) 2IE(2TE) Hume M Nov 4 Jun 91 M$36 922($33,846) 17 2(158) 10(10
      424 words
    • 300 24 Company Date Ymi- (mp pra-tax Nat aarategs Crass aaa to profit/toss (L) par slurs dfrtosad (cants) PJ Dev Htdgs Nov 11 Jun 91 MS527(S1.688L) SPH Nov 8 Auc 91 1219,124($194.085 63 2(54 3) 25(30) PahncoHMp Nov 6 Jun 91 M$9,293($825) —(0-5) New World Oev Nov 5 Jun 91
      300 words
    • 630 24 C»w»ny Date HaM-jraar Group pre-tax Interim am to pradt/lMf (L) dividend COOO) B Sembawang Nov 15 Sep 91 $12.918($1.143) GB HJdgs Nov 15 Sep 91 $3.892($532) 2 5TE(25TE) HTP HWgs Nov 15 Sep 91 $1.035($980) —(3 3a) JCMPH Nov 15 Sep 91 13.540($3.007) 2(3) Summa Inv Nov 12
      630 words
    • 789 24 Nov 14 C«rtbos Pacific is pumping in more than $llm to build a bigger factory in Senoko to cope with the demand for its Yakult health drink. Neptune Orient Lines Ltd s subsidiary Orient Container Warehousing Services Pte Ltd is building a (32m high tech bonded warehouse, called
      789 words
    • 103 24 Company Rights Issue N Ntfva One tor-one fe, S2 75 pet share Li-date Nov 12 Books dose Nov 2? Acceptance t Payment NYA MM Finance Two-tor three MJ090 per share Ex-date: Nov 1 Books dose Nov 18 Acceptance t Payment NYA Company Bonus Issue MW France Oretor three
      103 words
    • 554 24 Company KghK issue Mi Pac Laid One-fof-two MSO 65 per share. IBwi Tack One-tor-one SI 00 per store Barjaya fraa Rights issue of S89m normal amount 10% Irredeemable Convertible Unsecured Loan Stocks (CULS) on the bass of one for tour Beta) Issue ot {*****m nomnal amount of 0
      554 words
    • 755 24 Carrwrt Ex Mis Date Total far Tttel far payment date dm pcyafcfa Mm yaar fart jaa MSB 50c 12%(b) Dec 30 tin 14 Ian 21 12% 10% Ant* Mfas 50c 6%(b) Nov 21 Dec 5 Dec 24 6% 6% MM 50c 1%(I) Oct Oct 21 Nov 20 1%
      755 words
    • 1682 24 Trans Rogistorod Substantial Bay/ Mo. of A Mount Shareholding Stock Dato HoMor SterokoMor/Diroctor Soil sharos Boforo After Jurong Ship 12/11/91 Oversea-Chmese Bank Nom (Pte) Ltd Temasek Holdings (Pte) Ltd B 8.000 75.584 850 16.421.749 16 420 16.429.749 16 430 Ssangyong 12/11/91 DBS Nominees (Pte) Ltd 06S Bank
      1,682 words
    • 296 24 Main Board Last Fal Year C— |>«i) Ptnod Date Year Nat EPS Gross Nit ■wmid nh| (cants) Ar profit M yaar (TWO) 06 Final Nov 6 Jul 91 30TE 17.8/81 Tims Pub Final Nov 23 Aug 91 230 100 28.013 CX Tan( Interim Nov 29 Mar 92 164
      296 words
    • 80 24 Conversion Special Trrig Scripltii Conversion deadline Period Trading Coapnny starts (I DP) (ST) starts H Negara Nov 25 Dec 12 Dec 3 Dec 12 Dec 13 HTP Hldgs Sep 16 Oct 10 Sep 30 Oct 10 Oct 11 Mineben Dec 16 Parkway Hldgs Oct 11 Nov 7 Oct
      80 words
    • 233 24 Kuala Lumpw Industries HoMnp Bhd: EGM at Penthouse, Bangunan Bee Hin, 508-510, Jalan Pudu, ***** Kuala Lumpur on Monday, Nov 18, at 10am. Penckaten Hohfe«s Bhd: Bth AGM at Rajah Room, 3 4, Kuala Lumpur Hrtton, Jalan Sultan Ismail, ***** Kuala Lumpur on Monday, Nov 18, at 11am.
      233 words
    • 191 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 hi* 1333 08 (3/6/91) 1991 hi* 1565.58 (3/6/91) 1991 low: *****2 (16/1/91) 1»1 *****8 (16/1/91) 1990 hi* 1435 43 (16/7/90) 1990 1607.12 (27/3/90) 1990 low: 981.07 (09/11/90) 1990 Int 1079.50 (11/10/90) 1909 hi* 1322 00 (28/12/89) 1909 1487.76 (26/12/89) 1919
      191 words

  • MARKET REVIEWS
    • 484 25 Friday's plunge leads to the worst weekly showing for more than a year AFP fffP-NEW YORK NEW YORK Wall Street was dealt a harsh blow on Friday after a promising performance earlier in the week, as major investment houses, increasingly concerned about the United
      AFP  -  484 words
    • ASIAN MARKETS ROUNDUP
      • Article, Illustration
        207 25 PROFIT-TAKING ahead of a much-anticipated bull run marked trading on the Australian Stock Exchange last week, said brokers in Sydney last Friday. Cameron Williams, of Staton Securities, said the market finished the week strong, with individual stocks attracting interest, but profit takers generally pushed the market down as forecasters
        207 words
      • Article, Illustration
        183 25 SHARE priccs on the South Korean bourse slid throughout the week with dealers reporting that more and more small-time investors were quitting the market disillusioned by its continuing stagnation. The broad-based Compos- ite Price Index closed last Saturday's half-day session at 665.70, down by 14.96 points from a week
        183 words
      • Article, Illustration
        351 25 IN A WEEK that saw the impeachment of a public prosecutor for her controversial investigation of a stock scandal, the Taiwan Stock Exchange crept up 1.6 per cent. Following the previous week's 2.5 per cent rise, the 243-issue weighted price index tacked on another 71.87 points to close at
        351 words
      • Article, Illustration
        360 25 TRADING picked up last week at the Jakarta Stock Exchange (JSE), nudging priccs up and ending three months of steady decline. Trading warmed up, with more transactions recorded by local investors, to average 6.99 million shares worth 25.52 billion rupiah (5521.5 million) a day or more than double in
        360 words
      • Article, Illustration
        202 25 INVESTORS' hopes that the Indian stock markets would pick up after the holiday season died when the Bombay Stock Exchange (BSE) Sensitivity Index slipped 15.84 points to close at 1,879.69 last Friday. But the national index showed a marginal rise, from 894.61 to 897.35, in the first full trading
        202 words
    • 182 25 AFP SHARE PRICES were higher in roller-coaster trading on the local market last week, with the Hang Seng Index gaining 34.88 points or 0.8 per cent to close last Friday at a new record high of 4,271.34. Average daily turnover, however,
      AFP  -  182 words
    • 1001 25  -  By Ray Heath THANKS to Friday's 120point crash on Wall Street, this past weekend will not have been one of the most comfortable for London stockbrokers or their clients. Instead of leisurely walks through the billowing autumn leaves, followed
      1,001 words
    • 381 25 AFP •Jtokyo SHARE PRICES continued to fall on the Tokyo Stock Exchange last week, in spite of last Thursday's 0.5 percentage point cut in the official discount rate to 5.0 per cent by the Bank of Japan. The benchmark Nikkei
      AFP  -  381 words
  • Page 25 Advertisements

  • WORLD STOCK MARKETS
    • Dow's 120-pt dive biggest since Oct '89
      • Article, Illustration
        1408 26 NEW YORK stocks plummeted in heavy trading on Friday as bouts of profit taking and waves of computerdriven program selling combined to drive down the Dow Jones Industrial Average by 120 points the biggest one-day loss in more than two years. The Dow, which shed 1.79 points on
        1,408 words
      • Article, Illustration
        692 26 SHARES finished lower on London's Stock Exchange on Friday, depressed by a weak start on Wall Street. Traders said investors have lost interest in the market, after several roller-coaster sessions this week and conflicting signals on the health of the economy. The Financial Times-Stock Exchange 100-share index was down
        692 words
      • 296 26 DUTCH shares closed mixed in moderate trade on Friday. The expiry of the EOE November options series at 1500 GMT dominated trade but failed to boost business, which had been heavy in recent days, traders said. "It has been a disappointing expiration," said a dealer. The EOE index closed
        296 words
      • 348 26 GERMAN shares ended higher on Friday in uncertain trading conditions, with most of the day's cash market volume generated by short-covering linked to the expiry of equity options traded on the Deutsche Terminboerse. "Most people who did not have to trade steered clear of the market today, because the
        348 words
      • 248 26 SWISS shares ended a sluggish Friday session slightly easier after profit-taking triggered by Wall Street's lower opening erased earlier gains, dealers said. The all-share SPI index closed 0.4 point easier at 1,107,5, a gain of 0.23 per cent on the week. The SMI index of leading shares eased 1.5
        248 words
      • 280 26 FRENCH share prices closed lower on Friday, hurt by profit-taking and a morose session on Wall Street. Car parts maker Valeo soared on rumours that De Benedetti's Cerus, which owns 42 per cent of Valco's voting rights, was building up its stake. Cerus denied it was in the market,
        280 words
      • 112 26 SHARE prices on the Stockholm bourse on Friday recovered part of their opening plunge but closed lower after poor results by market-bellwether Ericsson and Finland's effective devaluation of the markka. After letting the markka float freely on Thursday, Finland on Friday raised the currency's fluctuation band against the ECU
        112 words
      • 407 26 SHARE prices in Johannesburg closed, lower on Friday, with the overall index--17 points lower at 3,535. The industrial index was one point higher at 4,333 and the all-gold index fell 11 points down to 1,069. Industrial leader Barlows cased 50 cents to 53.75 rand and CG Smith closed unchanged
        407 words
      • 305 26 TORONTO stocks tumbled 40 points points or 1.13 per cent on Friday after the Dow Jones fell 120 points as pessimism over the US economy suddenly overwhelmed the market, dealers said. Strength in gold issues limited Toronto's losses, they added. "The inter-listeds (shares also listed on US markets) were
        305 words
      • 262 26 INDICES TURNOVER NEW YORK CVmc Pre* ions Nov 15 Dow Jones SAP 500 Turnover (million) 2,943.20 3.063.50 -120.3 382.62 397.15 -14.53 239.32 200 04 +39.28 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.948.6 2.546.6 423.8 1,963.3 2,561.6 462.4 -14.7 -15.0 -38.6 FRANKFURT DAX Index 1.629.37 1,620.96 8.41 AMSTERDAM EOE
        262 words
  • Page 26 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 485 27 NEW YORK Reuter NEW YORK The dollar closed sharply lower last Friday after penetrating a key support level in a nervous sell-off ignited by a sudden dive in the US stock market. "It might have made people uncomfortable holding dollars," said
      Reuter  -  485 words
    • 619 27 ASIAN CURRENCIES AFP HONGKONG Most currencies in the Asia-Pacific region gained against the dollar for a second consecutive week, though most gainers and losers moved only moderately. Only the South Korean won, Indonesian rupiah and Philippine peso finished lower, while the Australian, New Zealand, Singapore, Hongkong
      AFP  -  619 words
    • 403 27 Cross rates Nov 16 I USS SS* MS Dm Yen SKr AS NTS USS 1.6740 2.7365 1.6175 129.18 0.5593 1.4345 1 2706 1.7746 SS* 0.5974 1.6359 0.9719 77.4791 0.3362 0.8617 0.7605 1.0620 MS 0.3654 0.6100 0.5911 47.2063 0.2044 0.5242 0.4643 0.6485 Dm 0.6182 1.0289 1.6918 79.86 0.3458
      403 words
    • 522 27 Interbank rates Overnight 3 3/4 3 7/8 1-month 3 1/2 3 5/8 2-month 3 9/16 3 11/16 3-month 3 9/16 3 11/16 Overnight mode: 3-3/4 US$ High l«w 7 days 4 15/16 4 7/8 1 month 4 7/8 4 I V16 2 months 5 3/16 5 1/8 3
      522 words
    • 821 27 The Finnish markka plunged by 12.3 pc NYT NFW YORK The government of Finland suddenly let its currency float for one day last week. It was a jarring move that cost high-yield investors millions of dollars and provided a live reminder of
      NYT; Source: Datastream  -  821 words
    • 580 27 LME hoping to extend control over market Reuter LONDON The London Metal Exchange (LME) is hoping to extend its authority over a growing over-the-counter market in options based on average LME prices. "The LME is always looking to expand the amount of business that falls within
      Reuter  -  580 words
    • 497 27 BANKS ABN Amro Bank NV 8 \llied Irish Bank PLC 8'/ American Express Bank 8% Arab Banking Corp 8'.« Arab Bank PLC 7V« AN/ Banking Ciroup 8'« Ban llm l ee Bank 8 Banc a Commentate 8'/« Banco eki Brasil 8 Bangkok Bank 8 Bank Bumiputra 8'/«
      497 words
    • 166 27 COM EX Nov is COLO FUTUtCS( 100oz) USS/oz Open High Low Settle Change Nov 91 359 50 4 50 Dec 355.80 361.00 355.70 360.10 +4.40 Jan 92 361.60 4.40 Feb 358.30 364.00 358 30 362.90 4 50 Apr 361.20 366.20 361.10 365.40 4 60 Jun 367.50 367.90 367.50
      166 words
  • Page 27 Advertisements

  • COMMODITIES
    • 414 28 Reuter LONDON Russia's decision to suspend all Soviet oil export licences to protect domestic supplies plunged the European oil trade into confusion over the weekend. "I'm trying to talk to our man in Moscow. It is not clear," a major oil
      Reuter  -  414 words
    • 265 28 Reuter LONDON Consumption of robusta coffee in the October/March period is expected to outstrip estimated exports, according to trade house E D and F Man in a monthly report. Man estimated consumption in the six-month period would total 11.67 million bags while exports
      Reuter  -  265 words
    • 893 28 REPORTS AFP LONDON Fresh strikes and violent confrontations in the South African mining industry. the world's biggest producer of gold and platinum. brought only limited support for platinum last week on commodity markets here. The failure of the economies of English-speaking countries to
      AFP  -  893 words
  • 1200 28 Rubber RAS(M> w baits) S cents/kg Int I RSS Close Nov II 136.50 Nov 12 135.75 Nov 13 135 25 Nov 14 135.25 Nov 15 134.25 MRELB (M in bates) M ccnts/Wg Int I RSS Close Nov 11 224.50 Nov 12 223.00 Nov 13 223.00 Nov 14 223.00 Nov
    1,200 words
  • Page 28 Advertisements

  • THE TRAVEL PAGE
    • 1119 29 Crty CT ETD City Flight ETA Flight ETD SQ228 2040 SQ227 2130 SQ103 0950 SQI04 0830 Ammsn Rjt82 1220 MH605 1020 W to »gj S20 !?g ST 0 0950 SQ107 1305 SQ106 1045 AUMM SQ36 2230 SQ109 1405 SQI08 1145 AacUaad NZ25 1530 NZ28 1645 MH642
      1,119 words
    • 618 29  -  LETTER FROM JORDAN By Gerald Cadogan TO RIDE or to walk down Jordan's Siq gorge into Pctra starts a visit you will never forget. As you near the rose-red eity at the end of the Siq, gusts of warm air disturb the morning
      618 words
    • 152 29 As at 3pm on Nov 15: dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3106 1.3284 Canadian dollar 1.465$ I.49SI NZ dollar 0.9314 0.964* Sterling pound 2.9631 3.0032 US dollar 1.6720 1.6780 Iiocal dollars to 100 units of foreign currency Austrian schilling 14.43
      152 words
    • 109 29 Duration Title Venue Organiser Tel Nov 18-22 International Krance SDSA **********0 Fleet ron in Components Exhibition Nov 18-24 Pacific Lima. Feria (51)14/52.81.40 International Peru International Trade Fair Del Pacifico Nov 18-24 International Lima Feria <51 >14/52.81 Fair for Intcrnacional Agriculture. IXH Pacifico Livestock. Fishery Agroindustry Duration Title
      109 words
  • Page 29 Advertisements
  • Page 29 Miscellaneous
    • 313 29 Complaint results from V 5 Count and recount (4) II 1 I I I I I I 9 Where a shoe heel is found HHT "■HT" TBh" on the black market (5,3,7) 10 Irish house dating back Jo""^^""" Poem dealing with the Com- ~bIR edie Francaisc theatre JBL_ 12 In
      313 words
    • 162 29 Singapore Outlook: Showers over several areas in the afternoon. Report: Maximum temperature 28.3 Assoc humidity 76% Minimum temperature 23.9 Assoc humidity 96% Hours of sunshine 0.00 Rainfall in mm Trace Rainfall this month 54.4 Rainy days this month 8 World report Asia-Pacific Hi/Ix>* Cond. Auckland 22/14 Sunny Bangkok 32/23 Sunny
      162 words
    • 46 29 r H e NOPaßeffaF-TiMks i Hflp f SIQU UCZVftM c>cAne: sr rowers mixed Vmra STpnpnG >m nc cQgNEft.J *JFW*TS PiNfslUftL ACANiNG HfM A\ I SMuDDG/? Tfl WUlnlN6">i. REDNvON l*&fe>l4oUSeJ 1 "THin<OF7UE. V TuinNDPPI 'y>u*oerttsibu u)fts WJi# —A_ %£.B£HJQUS.. J "fa HK*). ASSOCIATED NEWSPAPERS LTD, IM2-IMI 55fe2
      46 words

  • 397 30 Breakthrough on trade, arms and prison labour issues Reuter BEIJING US Secretary of State James Baker said yesterday three days of hard talks in China have produced agreements on trade, arms proliferation and prison labour, key issues threatening Sino-American relations. Mr Baker
    Reuter  -  397 words
  • 36 30 MANILA Filipino corn vendors taking shelter in an unfinished structure against the rain and strong winds brought by tropical storm Wilda along the Roxas Boulevard here yesterday. Wilda packs centre winds of 85kph.
    36 words
  • 190 30 Reuter SEOUL South Korea's first-stage limited interest rate liberalisation, effective on Thursday, would impose an additional collective financial burden of about 80 billion won (Ssl7B million) a year on South Korea's creditstarved private sector, the domestic Yonhap news agency said. In a
    Reuter  -  190 words
  • 198 30 Bernama IPOH Bank Negara is conducting a comprehensive study on whether the widespread use of credit cards in Malaysia had affected national savings. Deputy Finance Minister Datuk Loke Yuen Yow said yesterday the six-month study, at the directive of Finance Minister Datuk
    Bernama  -  198 words
  • 265 30 Reuter WELLINGTON Former New Zealand Prime Minister Sir Robert Muldoon said yesterday he is quitting politics after 31 years as a Conservative Member of Parliament. Mr Muldoon, 70, said the National Party he led between 1975 and 1984 was heading in the wrong
    Reuter  -  265 words
  • 311 30 Reuter BANGKOK Thailand's Prime Minister, installed by the army in a coup last February, has joined mounting criticism of proposals that critics say are aimed at keeping the military in control after general elections. Radio Thailand yesterday quoted Premier Anand Panyarachun as
    Reuter  -  311 words
  • 294 30 Reuter TAIPEI Taiwan's central bank, struggling to curb a rapid appreciation of the Taiwan dollar, is widely expected to announce a reduction in interest rates today. All major newspapers quoted unnamed, senior central bank officials as saying a credit easing, the
    Reuter  -  294 words
  • 257 30 Reuter BEIJING The People's Bank of China has approved a total of 21 new stock listings for the growing markets of Shanghai and Shenzhen, two of the country's leading experiments with capitaliststyle reforms. The China Daily newspaper said yesterday that the central
    Reuter  -  257 words
  • 266 30 AFP SYDNEY Hongkongbased Hutchison Whampoa subsidiary Kalori Communications was joined yesterday by Australian electronics group AWA Ltd in its bid for Australia's second telecommunications licence. Kalori is vying with Optus Communications to purchase satellite carrier Aussat and form a competitor to the
    AFP  -  266 words
  • Page 30 Advertisements
    • 56 30 PiageT JOAILUER EN I mUOGERIEIMVISIB74 genSve NOTICE I, Tan Eng Leong, NRIC No. *****29/J of 15 Scotts Road #08-08 Thong Teck Building, Singapore 0922 hereby give notice that I am no longer a Director of Hytech Builders Pte Ltd, of Block 165 Buklt Merah Central #05-3685/3687/ 3689, Singapore 0315 with
      56 words
    • 108 30 PlvgeT joamjer en horuogerie ijepub m gen Eve Dauphin Sitzkultur Your rackbone is where you feel YOUR COMPANY'S ATTITUDES. We want to inspire people with chairs which display corporate identity: The superb, dean lines the design of Dauphin chairs integrate elegantly into the office environment. Reasonably priced seating facilities with
      108 words

  • Shipping Times
    • 392 31  -  By Selva Kumar SINGAPORE Rigbuildcr Far East Lcvingston Shipyard's (FELS) US subsidiary AMFELS Inc will receive a special bonus for early completion of conversion work on two drilling barges. AMFELS completed the job two weeks ahead of schedule last month at
      392 words
    • 277 31 UPI SEATTLE Boeing Co said last Thursday it will cut the production rate of its narrowbody the Boeing 737 from 21 aircraft a month to 17 a month, starting in the fourth quarter of next year due to customers asking for later delivery
      UPI  -  277 words
    • 252 31 Reuter HONGKONG The Hongkong government will spend at least HKSSS.B billion (S$ 12 billion) on its new airport on Lantau Island, Principal Assistant Financial Secretary Stephen Sclby said. Mr Selby said last Friday that the figure includes HK$42 billion for basic costs
      Reuter  -  252 words
    • 1243 31 Page Col ABC Containerline 12 I Accord Group 8 1-3 AFS 15 5 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3 A.P.C. Lines 13 5 A cWarehousing 15 4 Arrow Int 9 4 Asian Break-Bulk 16 2 ASXCLShpg
      1,243 words
    • 559 31 Reuter LONDON The shipping industry is looking to its own regulatory body the International Maritime Organisation (IMO) to impose stricter safety and environmental controls before individual governments step in. "It's to the industry's advantage to strengthen I MO and I think they're doing
      Reuter  -  559 words
    • 182 31 Reuter TOKYO Japan will not list shares of three firms created from the state-owned Japan National Railways before early next year. Transport Minister Kciwa Okuda was quoted as saying by a ministry spokesman. "Listing will be around next spring at the earliest,"
      Reuter  -  182 words
    • NEWS SUMMARY
    • 745 32 GRAIN freight rates on Thursday were down but coal and iron ore rates were steady to higher as the Baltic Freight Index fell six points to 1,624, brokers said. Soviet charterers were in the market booking some tonnage for prompt trips into January, they said, but this was
      745 words
    • LOG BOOK
      • 93 32 THE Singapore National Shippers' Council (SNSC) is organising a one-day course on Bill of Lading and Documentation on Nov 22 at the Omni Marco Polo Hotel. Lecture topics will include the "dos and don'ts" of the bill of lading and the legal aspects of
        93 words
      • 59 32 NEW ZEALAND Drawn by the sharp increase in passenger traffic from Taiwan to New Zealand, Air New Zealand will soon double its service frequency between Taipei and Auckland. The carrier will launch a second service between the two cities from Jan 30 next year. It will deploy
        59 words
      • 76 32 ST. LOUIS Standard and Poors rating agency affirmed on Thursday its ratings on about US$l.2 billion (Ss2.l billion) of debt held by the McDonnell Douglas Corp finance arm, which the company recently said it would retain but slim down to its core businesses. S&P said the
        76 words
      • 74 32 BELGRADE A hydrofoil chartered by the UN Children's Fund (Unicef) to evacuate children from Dubrovnik was fired on by a gunboat as it headed for the besieged Adriatic port on Friday, Zagreb radio said. It quoted the captain as appealing for help when the craft was
        74 words
      • 64 32 KUALA LUMPUR A Malaysian police air wing plane crashed, seriously injuring all three crew, while taking off on Friday at Kota Kinabalu airport, Sabah, police said. The 11-seater Pilatus Porter PC-6 crashed near the airport runway while taking off for a routine patrol. The
        64 words
      • 81 32 CAIRO A mouse which boarded an Egypt Air aircraft heading to London on Thursday caused panic among passengers. The mouse ran along the aisles of the Airbus minutes before takeoff. Frightened passengers jumped out of their seats and ran to one end of the aircraft to
        81 words
      • 59 32 ANKARA Two sailors were missing in the Bosphorus Strait, Turkey, on Thursday after the 3,286 dwt Lebanese ship Rabunion-18 sank following a collision with the 64,747 dwt Philippine-flag freighter Madonna Lily. So far, 29 people had been rescued. The two vessels were in collision under
        59 words
    • 918 32  -  The Hongkong government's intention in building a new multi-billion airport to boost confidence in the colony seems to have backfired, reports Kathy Chen Kathy Chen Reuter ANEW multi-bil-lion dollar airport project intended to boost confidence in Hongkong has instead raised questions about government
      Reuter  -  918 words
    • 835 32 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      835 words
    • 9542 40 I his is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advaneed dates are published tor a
      9,542 words
    • SHIPS IN PORT
      • 515 47 W» —rO <mwl VttM fcmal D^. Marina Ten** 1 Oewi Seraya 26/91 J3 alongside 1611/2300 Wwn 19A91 M01 along** 17 11/2359 Fil Tanker 1 110 along** 1611/0530 Senbasa 15A/91 M02 alongside 1811/0600 Grandwood J4/5 alongside 1611/1200 9b am Ma,u U0791 M04 1811/1000 19 11/0500 Nusa Vl/B PV104
        515 words
      • 209 47 ipwif ron Artft 1: nil; 2: nil; 3; Juta Jaya, Johan Pearl; 4: ml; 5: nil; iKris Lemona. jetty; Tbilisi, Botany Trinity, Subur. DCJ: Nur Marina, Soon Hin. Oft on Nov 15: Stolt Sentosa, Semarak, Lawas, Bunga Renaga, Bunga Dahlia, Barge Josindo Satu. lilt on Nov 16:
        209 words
      • 902 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Babnce Rdts Mp Voy No Etb/Btr Period From To From i£X Violet 1A 19/0600 1 17/1500 17/1659 17/1900 3 18/0700 18/1159 18/1400 At Columbu ***** 20/0900 2 17/1700 18/0659 18/0900 3 18/0700 18/1159 18/1400 4 18/1200 18/1459 18/1700 I
        902 words
    • 285 48  -  By Dexter Lee SINGAPORE China Airlines. Finnair and Swissair have become the latest airlines to acquire satellitebased skyphones for their growing fleet. In a statement last week, UK-based Inmarsat said that the three carriers will fit Honeywell-Racal-made satcom avionics equipment in their new
      285 words
    • 253 48 Reuter MONTREAL Air Canada said it plans to add about 4.5 per cent more seats to its fleet as part of a strategy to add passenger volume on international routes. Chairman Claude Taylor said the strategy is to pursue traffic more aggressively on major
      Reuter  -  253 words
    • 189 48 AFP BANGKOK Two crew members of a Thai-owned tanker were killed and 13 captured in Burmese territorial waters after a Burmese Navy patrol boat opened fire on the ship late on Thursday night, the navy's radio said. According to a Burmese Navy radio
      AFP  -  189 words
    • 529 48 Flotation of leu will bring prices to world level Reuter BUCHAREST Romanians besieged petrol pumps in their tens of thousands overnight in a last-ditch bid to fill up before prices quadrupled on Friday following a major reform of the national currency, the leu.
      Reuter  -  529 words
    • 249 48 Reuter CHICAGO Southwest Airlines Co said it would need additional aircraft as a result of its decision to expand at Chicago's Midway Airport, an executive said. John Denison, executive vice-president of corporate services, said Southwest as a result of the
      Reuter  -  249 words
  • Page 31 Advertisements
    • 23 31 More brickbats than bouquets, Page 2 Lines and MrvkM rtprtsMted th *t AccrwlitM titT(miw*\ Xiw^/ /•or (ul\vrli\inx enquiries, contact Shipping limes /c/ 740-2tm/74tL2tm
      23 words
    • 189 31 THE SPECIALISTIH: Wire Rope Sfingt^^^J Lathing llatAriala >a Niaienan testing >y i 'fa rActuros jm Lining Ifl AVAILABLE Gears IMP INTERMARINE SUPPLY CO (PTE) LTD TEL: *****33 (10 unes) FAX: *****77 Now, NOL has created an enhanced and improved North America Express Service. For the North America Atlantic Coast the
      189 words
    • 32 31 Cocliett Report 2 Container Schedule 17 Daly Fraghts 2 Index to Advertisers 1 Shipping Guide 10,11 Ships in Port 17 Singapore I ides 17 Transport Diary 3 Weather and Sea Conditions 17
      32 words

  • Page 32 Advertisements
    • 176 32 WORLD TRADE CENTRE CLUB CORPORATE MEMBERSHIP W ITH 2 NOMINEES FOR SALE. PLEASE CALL: *****19 BUSI^N^ES^S^TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 LARTERING MANAGER for a well established Shipping Company operating a fleet of Hampers. The successful candidate will be responsible for the complete chartering/shipbroking operations of the company and ensuring the
      176 words
    • 5 32 A MONTHLY TRENDS NOVEMBER 1991
      5 words

  • Page 33 Advertisements
    • 2451 33 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL *****11 FAX *****09 \llVfr BOOKINGS TEL *****34 *****58 |VfPmi TERMINAL/CFS TEL: *****18 220 PBGuGu 7 PESAKA JAROINE SHIPPING AGENCIES SDN. BHD j, PORT KELANG TEL *****18 FAX *****91 Z*****88 JT T —n 7- PENANG TEL *****4 FAX *****1 CPS TEL *****6 ■HMM|
      2,451 words
    • 1984 33 TRANSPORT DIARY No* 21: A I-day seminar on the topics of Demurrage. Ship Financing. General Average and Tanker Chartering organised by the Baltic International Maritime Council (BIMCO) at the Singapore Port Institute. For further information and registration. please contact SNSA at tel: 278-3464. No* 21-22: Seminar on International Trade Finance.
      1,984 words
    • 1528 33 ■QEBsaasna TWO SAILINGS TO EOROPE REGINA MAERSK ¥.9114 ETA SIN 20/11/91 ORIENTAL SAY V.057G ETA SIN 23/11/91 Vessel Voy ETA I ETD Feeder by 1 DESTINATIONS World Lynx/ Mwmlu to This week MatMWe Maersfc 9202 |KEESEEE CY 19/11 oeoo hrs Port MB HH I CFS 18/11 2359 MAS Keiang Peneng
      1,528 words

  • Page 34 Advertisements
    • 1076 34 Irottedam/1 VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE KURAMA 13/146 21/11 15/12 11/12 10/12 JWPWS FRANKFURT EXPRESS 59/346 24/11 11/12 13/12 16/12 17/12 iEBHS KASUGA I 18/147 28/11 21/12 17/12 16/12 DRESDEN EXPRESS 02/347 1/12 18/12 20/12 23/12 1- Mi WESTBOUND KAMAKURA 20/148 5/12 28/12 26/12 23/12 PORT
      1,076 words
    • 739 34 SEASPAC SERVICE DWECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT IMPERIAL ?90 IFB 27/11 12/12 15/12 21/12 ALSO ACCEPTING CARGO VIA SUVA 10 lAUTOKA. PAGO PAGO. APIA t NUKUAIOAFA DIRECT CHILE/ SOUTH AMERICAN SERVICE SIN IQQ ANF VAP CLX IMPERIAL 2901F8 ***** 3/1 5/1 11/1 12/1 AISO ACCEPTING CARGO TO
      739 words
    • 1590 34 JMWtA REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND Fdft EUROPE VSL/VOY SM ALG Ba HAM BRE ROT ANT Fa LHA (VIA (VIA (VU ALG) HAM) ROT) NORASIA PRINCESS 9136 3 18/11 08/12 09/12 12/12 14/12 13/12 15/12 14/12 15/12 JAPAN SEA 137W 24/11 15/ li 16/12 19/12 21/12 20/12 22/12 21/12
      1,590 words

  • Page 35 Advertisements
    • 2045 35 z^z/jgSteamers Maritime Holdings Ltd P&O STRAITS SHIPPING Containers Buß*s?~ZZ> Voy Ma Klf H K<w( #PU S par* IN| Sw Am Hot Hb| KGMA MM*» 1114 IS/1117/1117/11 21/11 OS/12 00/12 01/12 11/12 ACCEPTS DUE SAILS OMNI# BAY 0576 20/11 17/11 23/11 10/12 12/12 14/12 CARGO Hl* MACRSK *114 22/11 24/U 24/11
      2,045 words
    • 2242 35 uwl\ jmnni BHSBH9 TO: U.BJL/PANAMA Ml; U.8.A./PANAMA i gga/w* v oak igr m km s*» wo* arc wmi/ww wrc wo* u» cw i« om CHOYANG HOaiD EFI44 23/11 17 1? 11 12 17/1? 311? 1/1 1/1 4/1 OS* YOKOHAMA MAI39 7/10 4/10 0/10 11/10 20/10 21/10 K/ll CHOYANG GIANT EE2OI
      2,242 words
    • 383 35 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO I HEAVY LIFTS I VESSEL [VOY |SP J~KUC HS 1 tmb PRWK 1 ao UTPT 1 DOIK m 1 MPT ao cosmc num li u/ii 22/11 I I COSMC kMSm 1 23/11 I I SfKI PM "35 25/11 23/11 1 I UOM.K* H
      383 words

  • Page 36 Advertisements
    • 550 36 I CR NBR **********0-D I EXPRESS SEMI-CONTAINERSNIP SERVICE TO EUROPE VSL VOY SPORE ROAM ADAM H BURG BREMEN ANTWERP SRIWIiAYA 33W8 13/12 13/1 17/1 22/1 25/1 KUTAI 24*8 1/1 S/2 11/2 15/2 20/2 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sutofact to Inducement. Also accepting cargo to Ca»aM«nca. Port Said, Port
      550 words
    • 1354 36 HANJIN SHIPPING FDR VSL SIN lIN HAUL LGB OAK FOR VSL SM LHE HAUL SAV AM NTC HANJIN HAMBURG OOtt 20/111 DIRECT 12 12 15 12 H. KWANG YANG OI2E 18 11 H. SAVANNAH 029 C 26/12 27/12 23/12 HANJIN FELIXSTOWE 010E ?5 I 1 DIRECT 16 12 19 12
      1,354 words
    • 1188 36 fgmmruf J J I *5C RIG W MIT OSR NGY 9V TVO UU CHS BAJ NYC IHH AMI wi M iac an m m mrm I It SoStomrm n/ii a/1! 'i/u'S/u %m ti/u A',H /l i a/u 1/1 4/1 5/1 14/1 li/1 11/1 17/1 ~/l a/1 1/2 us* 11/2 I
      1,188 words

  • Page 37 Advertisements
    • 1870 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 ICR NO: **********0E) BOOKINGS: NEPTUNEUNK TEL *****00 UK/EUROPE SERVICE *****19 USASEFMCE- *****16 AUST/INDIA/PAK SERVICE *****18 FAR EAST SERVICE '27 ***** JM OFFICE *****22 DOCUMENTATION DEPT 127^*****14 CFS: MB2 IMPORT *****369/*****60 CFS: MB2 EXPORT *****63/*****04 NEPUNE SON BHD MALAYSIA *****33, p Ketan<Ho3) *****87, Penanfl-<O4)
      1,870 words
    • 1062 37 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 EASTBOUHC—OBCHWONC WtSTBOUM)—LQAOHC TRANSHFfED VIA ROTTERDAM WT law I W6 WW |i lug Ifc low la |mn
      1,062 words

  • Page 38 Advertisements
    • 1525 38 KT AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) U A V V TEL *****77 TELEX: KAWAKIRS23I6S FAX: I I > I M M MALAYSIA: 'K" UNE MARITIME (MALAYBIA) SON BHD JL M TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 HHHi KAWASAKI KISEN KAISHA, LTD INDONESIA:
      1,525 words
    • 1243 38 PHIU-OmCNT UN€5 PTC LTD 106 Robinson Road #07-00 GMG Building Singapore 0106 Tai: *****22/*****69/*****00 Talax: RS ***** PHIU FAX: *****76/*****88 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU qnff MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 23 NOV DUBAI. OAMMAN, SHARJAH, DOHA, 25 NOV MONTREAL, OTTAWA, TORONTO,
      1,243 words

  • Page 39 Advertisements
    • 1174 39 gasaUff PACIFIC INTERNATIONAL LINES (PTE) LTD i-i mt E fli PIL Building, 140 Cecil Street *03-00, Singapore 0106. [JAKARTA BANGKOK VESSEL vov sin jkt sin vessel voy SIN bkk sin BUNGA TERATAI 463 17/11 19/11 M/ 11 JENLINK 7#N 16/11 It/11 23/11 EDEN 471 19/11 21/11 29/11 KOTA PAMLAWAN 9141
      1,174 words
    • 1023 39 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint liA Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Nedlloyd Deiima' 418 18/11 5H2 6H2 8/_t2 9/12 City of Eftnbtfflft f
      1,023 words
    • 423 39 mtm MYANMA pBBk FIVE STAR UNE w (Myanmar National Lina) Loading (or Yangon (Rangoon) S'poro P.K»| P«n PGdf MP*-** «1(M 23/25 Itov PWYA VIIIW 30/2 Dae PAGAN VI7CW 30/2 Dtc HPA-AW VI TOW 7/9 OK THE BANK UNI (A tf¥tw o« Andftw Wk Shipping) VT SEMI-CONTAINER SERVICE \l HEAVY LIFT
      423 words


  • Page 41 Advertisements
    • 788 41 ■PVVTVnVHMMH MTlin i iii i 111 11 r ScanDutch*?l TO EUROPE (NORTH CONTINENT-UK-SCANPINAVIA) WEEKLY FEEDER VESSEL PKLANO PENANG OCEAN VESSEL I SIN LE HAVRE(I) R OAM(2> rHAMPTONQ) WNURO<4) OWW (1)~ B. Serofj/W Hun 10/11 1/11 9/11 7/11 N Datana/411 ki Pt 5/12 8/12 1/12 J/12 a. Saraia/N Hun 10/11 8/11
      788 words
    • 519 41 J" NedHoyd MEDLLOYD MEDITERRANEAN Nedlloyd Lines SERVICE OFFERS YOU 17 DA YS TO GENOA I NEW ZEAIJIIfI/FUI *Xterdam/9128S *3/11 25/ M TSni Tram. Lrttatton(B) Dum<fin(B) Nap* N*(t«(C) N SJSSIMS 2/1? S/? K l}\ 2 V\\ 13/12 20/12 14/12 16/12 17/12 17/12 18/12 19/12 20/12 N Rochester/91 JOS 14/ 2 16/12
      519 words

  • Page 42 Advertisements
    • 715 42 TO AUSTRALIA/NEW ZEALAND VS. Jm iFiam iMtft Auck [»E If CHALM MARTHA I 2»1 21/11 27/U J; 12 ~TnT 11/12 13/12 14/U ELLEN HUWG 2t2 1/12 9,12 14/12 K/12 24/12 27/12 awssn ?»j n/i2 2t/i2 ~m 1/1 uTi 7771 C VEROIME 2M 4/1 12/1 17/1 21/1 1571 JoTl TO USA/CANADA
      715 words
    • 875 42 EXPORTS TO HONGKONG. TAINAN. MANIA JAPAN TWICE WEEKLY" MALACCA STRJUTS SERVICE lOUTBOUW) VOY mUN MI SB [MNLHKG KAO Kg TYO SM2 NGO KOB II VESSEL WT |SW [wq PEN IBLANA I 98 13 11 15 11 19 11 23 11 25 11 29 11 30 11 30 11 112 ACX
      875 words
    • 227 42 SEAWARD SHIPPING AND TRADING GO (S) PTE LTD ETA ETA ETA SPORE KMT KELANG FENANG BUI IMX mi loading tor Male MVAJ HUDHU 2/12 Loading tor Calcutta OOLFMN 1/12 loading For Male FIONEEII SUPREME 2/12 loading For Mal« DONAKULH IN PORT Loaded For Felraaru PROGRESS IKITT 25/12 22/11 20/11 loading
      227 words
    • 1622 42 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINKR SERVICE <™, our> SNWOKES GENERAL AGENTS IM»! mm wrtTSiwftraP COSTAR SUPPING PTE LTD P.T. GLOBAL PUTRA 5 im ia: *****00/*****33 INDONESIA MARITNE PENANG TEL (***** 1U: HA ***** TELEX: RS *****/1 COSHP *T TEL: (021)X1t37, 3(1704 piiau niiu cuiooiiir cnu oun FW: <«>
      1,622 words

  • Page 43 Advertisements
    • 649 43 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 y HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 17/TI ROnERDAM 17/TI HAFA/ASHOOD/ALEXANDRIA 17/11 HAMBURG/BREMEN 17/tl MARSEILLE/FRANCE 17/TI FELIXSTOWE/UK 17/TI BARCELONA/SPAIN 17/TI LEHAVRE/ANTWERP 17/TI GENOA/ITALY 17/TI GOTHENBURG/SCANDINAVIA 17/TI LOS ANGELES/WC/tPI 17/11 SYDNEY/MELBOURNE 18/11 NEW YORK/EC 17/11 FREMANTLE 16/11 VANCOUVER 17/TI
      649 words
    • 976 43 b5 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Uiw«) rri FAX: *****15/*****03 fjO] TELEX: R3 ***** RISHIP (3 Lliwo) fe ETHIOPIAN SHIPPING UMES r (National Lines of Ethiopia) ACCEPTING FCL ANO CONVENTIONAL VESSEL VOY ETA LOAOtNG FOR SPORE ANCHNFT ?SWB 16/12 OARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA ABYOT 27W8
      976 words
    • 442 43 JAKARTA BANGKOK m m m \*m fm I I mmm WTI BHUM 0«S 21/11 24/11 MRU MUM## 05N Tm M/ll M 22/11 Ll** 23/11 20/11 HAM WW lON Tm tO/ll Sal 23/11 E GLt 71/11 NANTA BHUM S7M TW 21/11 Sm 24/11 Kin BHUM 09S 27/11 30/11 ~T GURU BHUM
      442 words
    • 319 43 TMRHfIE VSL VOY SMOAPORE MADRAS MNQAPORE* VESSEL VOT SM MM SM TIGER MY 179N SM 24-20/11 02-03/12 TIGER SHARK 03N 20-21/11 20-30/11 05-00/11 TIGER BMDGE 100N 2V20/11 02-04/12 10-11/12 vS VOY iMiimiiw/CALOuTTA/MiaAFOiM VESSEL VOT SM CM. SM TIGER RIVER 139CN8 SM 23-27/11 03-04/12 EAGLE BREEZE 002 20-21/11 27-01/12 07-00/12 LMOTSE
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  • Page 44 Advertisements
    • 1283 44 mmmmttmmmmmmmmmm mummmtmmttmmmmmmmmmmmmtm MAC-NELS S'PORE MPORT: *****02 I PENANG: (04) *****6 SIBU. (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 MK/SCAHiiB3PORTS j COLOMBO/S. AFRICA PEN PK SIN PEN PK S,N 18/11 19/11 20/11 Ldn/Flx/Rdm/Ant Cotombo 19/11 20/11 21/11 24/11
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    • 332 44 ffßfc blue star line TO FROM 0/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN m. Ml ITT SIN MANOAMA 0508 In Pt 30/11 VIA NPI 2/12 29/12 PREMIER ISS 25/11 9/11 VIA NPI. 11/11 29/11 MULKRA 24S 11/12 23/12 VIA NPI 29/12 11/1 FULLY
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    • 1172 44 I THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL [vOY [HI IPEST VESSEL VIT SfME P. KEIAMC
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  • Page 45 Advertisements
    • 819 45 \K^^^companm^EßUAH!^^^ toEa de vapores "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARAM, HO* I OTHER PERUVIAN PORTS* WITH T/S AT ROBE ON CPV THROUGH BILL Of LADING. Ptiwtf* P KeiMf Smfjpore E'Msia MHNEVERfTT PT9/18 No. SH*PI«WfRfTT 02/03 Dec KAMALEVERETT 23/24 D« 25/26 D»c 29/30 Oet WE\ "EVERETT ORIENT LINE"
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    • 480 45 ICZ3Z I MES3I N.AMERICA/CARRIBEAN SERVICES DESSEI [VOY hi hIAWLWER [LA« hST |SA» INTC btfl AM HIESIE IJ2E 11 AM KOREA 74/12 4/1 1/1 lt/1 17/1 AM HAH 70E 1/12 TBI HONGKONG 3/1 13/1 17/1 11/1 21/1 ZM GENOA 117E J/12 TIM HONGKONG 3/1 15/1 17/1 11/1 21/1 Acc«ptnf carp to
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    • 609 45 MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI 0 AMMAN S MAR lAH DOHA MUSCAT BAHRAIN ARU DHABI BANDAR ABBAS IE DO AH FAR EAST ACCEPTING FCL/LCL PENANG P KEIANG lAKARTA BANGKOK HONG KONG TAIWAN lAPAN MANILA KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON. FELIXSTOWE LEEDS TILBURY ABERDEEN LE HARVE HAMBURG ROTTERDAM ANTWEP GOTHENBURG COPENHAGEN
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    • 511 45 Wk PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY DASA LIMA 937 20/11 23/11 I DERAJAT 963 21/11 24/11 PELOPOR 1015 23/11 26/11 DERAJAT 964 25/11 01/12 TANTO UTAMA 207 In Pi 21/11 BON TANG PACIFIC 118 21/11 24/11 TANTO UTAMA 209 26/11
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    • 363 45 SIN FAB EAST 18/11 KEELUNG/KAOHSIUNG 16/11 BANGKOK 17/11 MANILA/CEBU 19/11 JAKARTA/BELAWAN/SURABAYA 17/11 PORT KELANG/PENANG/E. Malaysia 17/11 BUSAN 20/11 TOKYO/YOKO/KOBE/NGO/OSA 18/11 HONG KONG S!N CHINA 18/11 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUtOPE/UK 19/11 LDN/FLX/LVP/SOU 19/11 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. Sm USA/CANADA 20/11 LOS
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  • Page 46 Advertisements
    • 857 46 EH FIL CONTAINER SERVICES PTE LTD Lj*—MADRAS CALCUTTA BANGKOK VW. SIN/MADRAS VSL SIN/C ALCUTT A VSL SIN/BANOKOK SN MM SM SM OKI SM SJN MM KIT AMIMU 10-lfi/11 24-20/U 02 03/12 KIT AVAIARE 10-17/11 23-27/11 03 04/12 KIT AVAIABU 15 Nn 1) fen 20 21/11 20-30/11 05-00/11 20-21/11 27-01/12 07
      857 words
    • 594 46 W-Boaterml CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION AUCKLAND FREMANTLE GOOD RATES! FAST TRANSIT! ALSO ACCEPTING CARGOES TOPORT VESSEL ETA NEXT BANGKOK CONTERM MGENUTV 24/11 1/11 JAKARTA CONTERM EDEN 2C/11 3/11 PENANG CONTERM SEROJA 25/11 5/11 PORT KELANG CONTERM N. BHUM 24/11 1/U AUCKLAND CONTERM PREMO 21/10 11/12 FREMANTLE
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    • 511 46 [HE /flk\ fWH operates over 600 MfTnr.al«/oflSce«w U SAI II ®11 m£2^mMnliinsovsr3s,ooo*Bciors&lrucfc6. II m A MCtU! services over 60.000 points in USA m CUM ott&f reSaWe LCL/FCL services General A—wti: TBAAjr-rtAar &4k PENANG KL: allied-link SINGAPORE: SwOt 04-*****2 *****8995 778 6522(22 lines* Marina Ong Ng/PMIIp Km Irana Chang/Ealhar Yap I
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  • Page 47 Advertisements
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    • 163 47 vO c vO c vO c vO c vO c vOcvOc > BBSiS PREMIER CARRIER > 0 REUABLE SERVICES Q o COMPETITIVE RATES u §3 BARGES OPERATION TAILORING TO YOUR NEEDS Q SINGAPORE BATAM x ENQUIRY BOOKING: 5 274 1001 Q J WSKLY CONSOLIDATION SERVICES TO BJROPE, USA AND FAR
      163 words
  • Page 47 Miscellaneous
    • 303 47 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 MOO 0700 0100 0900 **********0013M14M*****N*****1H***** 2000 2100 2200 2300 J« 14 12 10 1.0 1.2 15 19 2.2 25 25 24 2.1 1.7 1.4 LI 10 10 1.2 1.5 19 2.1 2.3 2.2 £0 PP
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  • Page 48 Advertisements
    • 811 48 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARME CO. LTD. EABTBOUHP FFCP FB TO PACIFIC BQUTH-WEST TO PACIFIC WORTH-WEST ftH» WT PGP WE SW It HM». Wl KM) LBH OAK g*~ LBt NMA. WT MO TCM/SU HI NANHM 206 NOO5 11/11 19/11 21/11 H. EXPLORER «4E 29/11 10/12 19/12
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    • 142 48 m PT. CELEBES LINES Weekly FCL LCL Shipping Services [Qrr General UOMMON rREIGHT CARRIERS PTE LTD. r 7 KEPKL ROM) #01» TANKING PAGAR COMPLEX SINGAPORE 0208 TEL: *****55 >> TELEX RS ***** FAX: *****92, 2254C69 Nrtwt Codt CM CR **********0 M TWICE WEEKLY SAILINGS PAS* GUOANG/SINGAPORE VESSEL JOSINOO SATU SOUTH
      142 words
    • 411 48 CHARTPOINT Every Saturday in Business Times Freight Management Group This Week's Vessels Departure Australia 24/11 Bangladesh 24/11 Belgium .20/11 France 20/11 Germany 20/11 Holland 20/11 Hong Kong 21/11 India .21/11 SIN JKT Phone: *****11 *****66 fax: *****59 *****14 Indonesia 26/11 Italy 24/11 Japan 21/11 Korea 25/11 Malaysia 24/11 Mid-East 23/11
      411 words