The Business Times, 9 January 1992

Microfilm: NL17795
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Thursday, January 9, 1992 75*
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  • NEWS SUMMARY
    • Article
      EC suspends monitoring after copter shot down
      74 1 BELGRADE The European Community suspended monitoring operations in Yugoslavia yesterday after a federal warplane shot down an EC helicopter, killing all five observers on board. The action was not expected to have much effect on the observance of a 5-day-old truce mediated by
      74 words
    • Article
      Phnom Penh govt reopens classes
      54 1 PHNOM PENH Classes reopened in Phnom Penh yesterday without incident, two-and-a-half weeks after clashes between students and the military that resulted in at least three deaths. The government reopened the university, colleges, schools and private classes, but the 10 pm-to-dawn curfew was not lifted as
      54 words
    • Article
      Deals for Bonvest unit
      23 1 BONVESTS' hotel management subsidiary has clinched eight deals to manage hotels in the Asia-Pacific, Britain and Africa Page 2
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    • Article
      Changes in policy
      40 1 THE Singapore government is expected to announce within the month changes to its foreign worker policies to help the buoyant construction industry cope with its labour shortage, says the Minister of State for National Development Page 3
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    • Article
      Call for cooperation
      34 1 SINGAPORE International Chamber of Commerce (SICC) chairman Tom Haitsma, gloomy about prospects for 1992, has called for greater business cooperation and supports cuts in personal and corporate tax rates Page 4
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    • Article
      New Viet Constitution
      34 1 UNDER a new draft Constitution, the Vietnamese president will be given wider powers allowing him to recommend to the National Assembly the election or removal of the prime minister. Page 11
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    • Article
      Russian applications
      19 1 RUSSIA officially applied on Tuesday to join the International Monetary Fund and the World Bank Page 12
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    • Article
      Investment in rescue
      33 1 THE Singapore government is to spend over $4 million to enhance air and sea safety, and facilitate a quick response to ships and planes in distress. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      29 1 PRICES of leading shares opened lower on Wall Street yesterday. Profit-taking pushed the Dow Jones Industrial Average 17 points down at 3,187.83 five minutes into the session.
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    • Article
      Footsie lower
      28 1 LONDON share prices were lower at midday vesterday. At about 1200 GMT, the FTSE 100-Share Index was down 33.4 points, or 1.3 per cent, at 2449.5.
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    • Article
      Viet tie-up
      36 1 STEAMERS Maritime Holdings, a member of the Keppel Group, has teamed up with state-owned Saigon General Post Office to set up a business centre in the heart of Ho Chi Minh City Page 7
      36 words
    • Article
      Out to Africa
      31 1 IN LINE with the aim of developing new markets, the Sime Darby Group will send a fact-finding mission to six African countries to explore trade opportunities Page 7
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    • Article
      Proton share offer
      25 1 MALAYSIAN national car manufacturer Proton will offer 55.4 million Msl shares at Mss each to seek a stock exchange listing Page 7
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    • Article
      Move into credit cards
      20 1 MALAYSIA'S Development Commercial Bank Bhd is planning to go into the credit card business Page 10
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    • Article
      CURRENCIES
      24 1 Exchange rates USS SS 1.6205 100 Yen SS 1.3016 MS SS 0.5992 Money market rates Overnight 2 7/16 -3/16 3-montn 2 1/2 -3/16
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Change BT-MGA 731.53 +0.24 Kuala Lumpur ....553.48 -2.18 Tokyo 22,715.00 -851.39 Hongkong 4,337.67 -10.26 Sydney 1,663.4 -4.3 Tuesday Change New York 3,204.83 +4.70 London 2,482.9 -10.3
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    • Article
      COMMODITIES
      36 1 London Gold AM fix US$350.30 USSI.00 Rubber S'pore Feb 127.75Vkg -0.25 M'sia Feb 213.50*/kg -0.50 KL Tin Turnover 39 tonnes +5 Spot MSl4.63/kg -0.17 Crude palm oil Turnover 665 lots -488 March MS902 /tonne +4
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  • Article
    Sabah pays price of leaving coalition
    606 1  -  From Leslie Lopez in KOTA KINABALU SABAH is paying a high price for a political miscalculation its ruling party made when it pulled out of Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad's federal administration in October 1990. While neighbouring Sarawak and states in
    606 words
  • Article
    M'sian golf clubs to come under KL Companies Act
    510 1  -  By Kooi Cho Teng SINGAPORE Golf clubs in Malaysia will now have f o register as public companies before they can collect money from the public. Speaking at a 1992 Malaysian company Directors' and Shareholders' briefing two days ago in Kuala
    510 words
  • Article
    Lock icon Bush and Miyazawa sign accord to stimulate world growth
    491 1 Agencies TOKYO US President George Bush and Japanese Prime Minister Kiichi Miyazawa signed an accord here yesterday to implement a strategy to stimulate world economic growth, a joint statement said. But talks over the crucial car trade stalled in acrimony when
    Agencies  -  491 words
  • Article, Illustration
    Lock icon Bush fine after collapsing at banquet
    153 1 AP TOKYO A gasping and dazed US President George Bush collapsed at a state dinner yesterday, sending aides rushing frantically to whisk him back to the state guest house. Less than an hour later, the US leader was de- scribed as being all right.
    AP  -  153 words
  • Article
    News of Bush's collapse hits financial markets
    200 1 SINGAPORE New York stocks and the greenback were hit yesterday by nervousness about US President George Bush's health after his collapse at an official banquet in Tokyo. Sharp losses on European and Japanese bourses put downward pressure on the New York market, analysts
    200 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      250 1 I Tux. 0 i t < Reigns when it pours I Ad Marketing 17 Money Changer Rates 33 World Stock Markets 30 Aircraft Schedule 33 Money Market 31 Commodities 32 Regional News 11 Company News 7,8,9 Regional Stock Markets 29 For market indices, editorial Cryptic Crossword 33 SES 22-24 advertising
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    • Advertisement
      Page 1 Advertisements Column 2
      22 1 Star witness testifies against Kitingan, Back Pg BT Top 100 by shareholders' funds, Pg 6 Loy Hean Heong: corporate survivor, Pg 15
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    • Advertisement
      Page 1 Advertisements Column 3
      100 1 ■J m TOTAL Transportation SCRVICCS CROWN 36 Pioneer Rood Singapore 2262 Fax 862 2840 Tlx: RS ***** CRWNPAC Tel: 861 6818 VMWWMWWMWWM ..-vV-'"" '■■■>'■-•> ips We MMrii^' iir V s *j|jj[ Best ®$kV Ah Supreme seafood dishes full of fragrant flavours are yours Wljjp at the Grand Pavilion. 'jPPvr';:-'*-. ingredients
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  • PAGE 2 NEWS
    • Article, Illustration
      Henrick Intl clinches eight hotel contracts
      568 2  -  Bonvests subsidiary in international management market By Hong Lee Tiam SINGAPORE Barely six months after being resurrected as Henrick International Hotels and Resorts, the hotel management subsidiary of Bonvests Holdings has already clinched eight contracts in the Asia-Pacific, Britain and Africa. In an interview
      568 words
    • Article
      Sheraton, Richvein end manager-owner link
      157 2 SINGAPORE Bostonbased Sheraton International and Richvein Pte Ltd, the owner of Singapore's Sheraton Towers hotel, have severed their manager-owner relationship. But under a 20-year licensing agreement in 1985, Richvein still retains the rights to use the Sheraton name for its five-star hotel along Scotts Road.
      157 words
    • Article, Illustration
      Fitting end to a busy day
      108 2 SINGAPORE Prime Minister Goh Chok Tong having a friendly chat with the Chinese President, Yang Shangkun, before an official dinner hosted by Mr Goh at the Oriental Hotel Ballroom last night. Earlier, Mr Yang began a hectic day with a visit to the Jurong
      108 words
    • Article
      Bethsing in court battle with union over retrenchment benefits
      494 2  -  By William Chia SINGAPORE A four-year-old test case involving an NTUC-afTiliated union and local company, Bethlehem Singapore Shipyard (Bethsing), is currently being fought in the High Court. The Shipbuilding and Marine Engineering Employees Union (SMEEU) is suing Bethlehem for higher retrenchment
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    • Article
      Govt to adjust foreign worker policy to help construction sector
      402 3  -  Construction Prospects '92 By Lilian Ang SINGAPORE The Singapore Government will soon adjust its foreign worker policies to help the buoyant construction industry cope with its labour shortage. Lim Hng Kiang, the Minister of State for National Development, said yesterday
      402 words
    • Article
      Builders can expect $7.8b worth of contracts
      460 3 SINGAPORE At least $7.8 billion worth of construction contracts are likely to be up for grabs this year, marginally lower than the estimated $8 billion awarded last year. Over the next two to three years, the volume of work is expected to be
      460 words
    • Article
      Good response to FCC's Harbour View project
      238 3 SINGAPORE First Capital Corporation says buyers have been snapping up apartments in its 30-storey Harbour View Towers project at Telok Blangah. The company says that just two days after a "soft" launch, it has sold 30 per cent of the units, with some
      238 words
    • Article
      Investment property sales plunge
      326 3  -  By Hong Lee Tiam SINGAPORE Investment property sales plunged by about half in 1991, the managing director of Richard Ellis, Willy Shee, said yesterday. Sales totalled $1.38 billion compared with $2.7 billion in 1990, he said. They had been hurt by factors including investor cautiousness, rising
      326 words
    • Article
      Lock icon Fed governor sees solid US recovery
      399 3 Reuter WASHINGTON A United States Federal Reserve pol icy-maker has forecast a solid economic recovery this year in comments that seem to suggest that the central bank plans no further interest rate cuts for the being. "We're very close to a turning point," said
      Reuter  -  399 words
    • Article
      Lock icon US unveils environmental initiative for Asia
      349 3 AP, NYT WASHINGTON Both American industry and Asian populations will benefit from a new "environmental partnership" as a result of of an initiative unveiled by the Bush Administration on Tuesday. "By exporting goods and services, we can help the US economy and we also
      AP,; NYT  -  349 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      93 2 TCRRAOE FACTORIES NOW READY FOR LEASING! Outstanding features that win Ample car parking lots provided, over discerning entrepreneurs. Area; whole unit 10 0 86 sq ft Floor-by-floor 1,800 sq ft w |vt||w| I I to 2,100 sq ft ibbl m Jill IrrißllfnninmHnmn Leasing on a whole-unit Hi imimm i (4
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      Page 2 Advertisements Column 2
      167 2 The Audible Difference Celestion has extended its range wj )MW BpS in b°th size and power. S I The new Celestion 7,9 &11 series v;. §y I are larger and more dynamic. Each capable of delivering extended low frequencies. WIBB^ Titanium dome tweeter also ensures i smooth response and clarity.
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      241 3 f\rt7T7CT in thc State thc biggest growth rate. |^jjK|^HMHj^^^Lr2M^Eu^IjBRISBANE®QUEENS^LND«9^STRALI^^ SIMJ^HHJON*JTEL JANUARY nth 12th 1992 SINGAPORE ROOM, STH LEVEL rrffitEE Discover the benefits of investing in Brisbane's \ciUsLoN§ i prime residential real estate developments at a comprehensive, free, seminar and exhibition. mBKKKKKm HOUSE LAND packagesri m mi ANn landsales. NL/ •Finest
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      Page 3 Advertisements Column 2
      502 3 THi STMTIGIC AND TICHHOIOGICAI EDGE ASiA-HCIfK BffflfCf "92 26-28 February 1992, Raffles City Convention Centre, Singapore The Gulf War has sparked off intensified interest in regional defence around the The First world. It has been a demonstration of modern warfare, where technology plays an Asia-Pacific Defence increasingly important role alongside
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        S'pore to sign science accord with China
        92 4 SINGAPORE and China will sign a science and technology accord this year, Deputy Prime Minister Lee Hsien Loong told reporters yesterday morning during Chinese President Yang Shangkun's visit to the Jurong Town Corporation. President Yang and Prime Minister Goh Chok Tong talked about
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      • Article
        Roads to be upgraded
        84 4 A STRETCH of Grange Road from Orchard Boulevard to Irwell Bank Road will be upgraded, said the Public Works Department yesterday. The project involves the construction of a new dual two-lane carriageway for Grange Road to help reduce heavy traffic volumes along Paterson Road, and the
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      • Article
        More flights to KL, Penang
        59 4 SINGAPORE Airlines and Malaysia Airlines will mount additional flights on the Singapore-Kuala Lumur and Singa-pore-Penang routes to cater to seasonal demand during the Lunar New Year. On the Singapore-KL route, 42 more flights will be mounted between Jan 31 and Feb 9. On the Singa-pore-Penang
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      • Article
        Auction of unredeemed pledges
        78 4 ABOUT 18,000 items will be up for auction at the next public auction of unredeemed pawnbrokers' pledges this Friday and Saturday. The Registry of Pawnbrokers said in a statement yesterday that the pledges were from 60 pawnshops. Half of these shops will auction their pledges on
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    • Article
      SICC head gloomy about '92, urges tax cuts
      420 4  -  By Kenneth James ECONOMIC growth this year will be at the lower end of the Government's 5-7 per cent forecast, and probably even lower. The projection comes from Singapore International Chamber of Commerce (SICC) chairman Tom Haitsma, who yesterday urged greater business
      420 words
    • Article
      Govt to review its role in health care
      293 4 Addenda to the President's Address THE GOVERNMENT will review its role in health care, particularly the extent to which it should be directly involved in providing healthcare and in controlling or influencing health care costs. This is part of the thorough evaluation
      293 words
    • Article
      More projects, facilities for the frail aged
      167 4 OVER one-quarter of the population will be aged 60 years and above in the year 2030, up from 9 per cent now. The Ministry of Community Development will step up its projects and programmes to provide commu-nity-based day-care, respite and residential care facilities
      167 words
    • Article
      Indian software firm's S'pore link
      322 4  -  Mastek sets up Singapore office to expand into the region By Joseph Rajendran A LEADING Indian computer software company, Mastek, has set up a Singapore office to expand into the region. And plans for a research and development centre are in the pipeline. The managing
      322 words
    • Article, Illustration
      Sale of 16 shophouses called off again
      380 4  -  By Arthur Lee A PROPOSED sale of 16 pre-war two-storey shophouses in Tanjong Katong Road today was called off at the last minute yesterday afternoon. The Bank of East Asia had earlier given instructions for the shops to be auctioned to recover about
      380 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      184 4 ~i r\s7 HONG KONG WATCH AND CLOCK FAIR '92 SIGN UP NOW! SEPTEMBER 7-11, 1992 The Hong Kong Watch and Clock Fair '92, Asia's largest, will attract over 25,000 of Apply NOW fa Asia's largest Watch Clock Fair! the most important international Exfrbfion space IS reserved on a first-come, first-served
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    • Advertisement
      Page 4 Advertisements Column 2
      171 4 Sweet tee orange 'Sweettee orange' is the trade mark of the unique variety of oranges developed by the Guangdong Hong Jiang State Farm. The variety is thus named after the founder. The Hong Jiang orange is widely recogn- ised due to its great success. Sweetteq This variety has a distinctive
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      448 5 V Cardmembers earn upto6|%p.a. i 4% isn't bad. It's the standard rate for a Singapore deposit account, CALL22O 2818 fax 220 8809 which as we all know, is a very popular investment. But there are higher 1 earning alternatives. Account Opener j For instance, by investing in foreign currencies you
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  • BT TOP 100
    • Article, Illustration
      SIA retains top spot but SPH performs best
      2276 6  -  Quale Hiang Whai looks at the returns of the top companies Quak Hiang Whai SINGAPORE Airlines retained its top spot in the biannual ranking of Singapore companies by shareholders' funds. But it is media giant Singapore Press Holdings which scored top marks
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  • COMPANY NEWS 1
    • Article, Illustration
      Steamers sets up Saigon Business Centre
      315 7  -  By Rahita Elias SINGAPORE Steamers Maritime Holdings, a member of the Keppel Group, has made further inroads into Vietnam through the establishment of a business centre in the heart of Ho Chi Minh City. According to a Steamers release, the Saigon Business Centre, formed
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    • Article
      The gossips get going again
      436 7  -  MARKET TALK Sale of OUB chairman's stake tops list of rumours By Magdalene Ng RUMOURS returned to the marketplace with a vengeance yesterday, and top of the gossips' list was Overseas Union Bank. More specifically, its ownership. The talk was that OUB chairman Lien Ying
      436 words
    • Article
      Lock icon Sime Darby to send trade team to Africa
      378 7 MBT KUALA LUMPUR The Sime Darby Group, the home-grown conglomerate with diversified and well-es-tablished businesses in the Asia-Pacific region, will send a trade mission to six African countries to explore trade opportunities. The delegation, comprising five executives from the group's various divisions,
      MBT  -  378 words
    • COMPANY BRIEFS
      • Article
        OCBC dissolves unit in Australia
        102 7 SINGAPORE Oversea-Chinese Banking Corporation Ltd (OCBC Ltd) has dissolved its wholly-owned subsidiary, OCBC Holdings (Australia) Pty Ltd. The voluntary wind-up of the investment holding company took place on Dec 23. OCBC Holdings held shares in Bank of Singapore (Australia) Ltd, another wholly-owned subsidiary of OCBC
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      • Article
        Queries on Guthrie's Laos project
        111 7 SINGAPORE The Stock Exchange of Singapore has queried Guthrie GTS Ltd on its US$5.5 million investment in a hotel in Vientiane, Laos. The SES asked Guthrie to provide information on the source of finance for the hotel and the effect of the investments on the
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      • Article
        AP Land's Empire plan rejected
        42 7 KUALA LUMPUR The Capital Issue Committee (CIC) has rejected a plan by Asia Pacific Land, formerly Mount Pleasure Holdings Bhd, to buy Empire Tower (Malaysia), which owns Empire Tower, a 50-storey office under construction in Kuala Lumpur.
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      • Article
        Sale of Keppel shares
        36 7 SINGAPORE Mr Hoe Eng Hock, a director of Keppel Philippines Shipyard Inc, sold 10,(XX) shares in Keppel Corporation Ltd last month at $8.05 apiece. Keppel Philippines is a subsidiary of Keppel Corp.
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      • Article
        M Plant to reduce borrowings
        79 7 KUALA LUMPUR Malaysian Plantations Bhd aims to use a substantial amount of the proceeds from the sale of its six wholly-owned plantation subsidiaries to reduce bank borrowings which stood at MS2OO million on Dec 6, 1991. The company said in a circular to shareholders that
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    • Article
      Lock icon Proton announces 55.4m-share public offer
      284 7 Reuter KUALA LUMPUR Malaysian car manufacturer Perusahaan Otomobil Nasional Bhd (Proton) yesterday announced that it will offer SS.4 million shares at Mss (553.10) each to the public to seek a stock exchange listing. The announcement confirmed a BT report earlier this week. Company officials said
      Reuter  -  284 words
    • COMPANY BRIEFS
      • Article
        Lion Nathan rights issue raises NZ$197m
        88 8 AUCKLAND Brewer Lion Nathan Ltd said its one-for-seven renounceable rights issue raised NZ$l97 million (*****.3 million) in capital funds. Underwriter CS First Boston NZ Securities Ltd took up 870,000 stock units, Lion said. The issue was of up to 57.1 million 10 per cent
        88 words
      • Article
        Wharf reveals stake in Furama
        64 8 HONGKONG Wharf (Holdings) Ltd has revealed that it accumulated a 15.8 per cent stake in listed Furama Hotel Enterprises Ltd some years ago, Wharf director John Hung said. Mr Hung said the shares were bought over a period around three-and-a-half years ago, but refused to
        64 words
      • Article
        Ssangyong's breach of ceiling
        94 8 SEOUL The 10 per cent ceiling on foreign ownership of a single South Korean stock was breached in the case of Ssangyong Oil Refining Co Ltd but the Securities Supervisory Board said an exception will be made. The market watchdog said it was unaware that Saudi
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      • Article
        HK hotel group eyes Indochina
        89 8 HONGKONG A locally-based hotel group plans to set up hotels in Vietnam and Cambodia, an executive of the firm said here on Tuesday. Mr David Yip, executive vicepresident of Vista International Hotels, a subsidiary of Morning Star Holding, said the group planned to develop a
        89 words
      • Article
        China Light may see profits jump
        97 8 HONGKONG China Light Power Co Ltd may see its profits jump, if the firm is given the go-ahead to report part of its profits from electricity sales to China, according to a report by brokerage W I Carr (Far East) Ltd. At present, the
        97 words
      • Article
        Kajima investments at 60b yen
        64 8 TOKYO Kajima Corp sees its capital spending in the year to March 31, 1992, rising to 60 billion yen (Ss7Bo million) from 33.9 billion yen the year before, a company spokeswoman said. The jump in investment is due to active construction orders in the past
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    • Article, Illustration
      Lock icon Foreign airlines to bid for Philippine Airlines stake
      422 8 British Airways, American Airlines to back separate Filipino bidders Reuter MANILA British Airways pic, AMR Corp's American Airlines, and two foreign airline adviser companies will separately back four groups of Filipino bidders in the January 29 bidding for stateowned Philippine Airlines (PAL),
      Reuter  -  422 words
    • Article
      Manila Electric Co shares well received
      225 8 MANILA Shares in new-ly-listed Manila Electric Co (Meralco) jumped on their first day of trading and brokers said the good response to the country's biggest public offer showed confidence had returned to the market. "The warm reception is a signal that the whole market
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    • Article
      Lock icon Seoul to privatise 18 state-funded companies
      241 8 Reuter SEOUL The South Korean government will divest its holdings in 18 state-funded firms worth about 66.8 billion won (S$ 141.6 million) this year, an Economic Planning Board official said. "This was decided in order to return profit and function to the public and
      Reuter  -  241 words
    • Article
      Lock icon Hyundai banker denies credit freeze
      214 8 Agencies SEOUL A report in the Seoul Economic Doily that Hyundai Group faces a credit freeze is untrue, a spokesman for Hyundai's main banker Korea Exchange Bank said. The report that the six primary banks for Hyundai subsidiaries would halt new lending triggered heavy selling
      Agencies  -  214 words
    • Article
      Lock icon Pakistan's privatisation policy reaches a key stage this month
      597 8 Planned sale of 44 factories seen as test of PM's policies FT ISLAMABAD Pakistan's programme for privatising public sector industry has reached a key stage this month with the planned sale of 44 factories. The programme is looked upon as a
      FT  -  597 words
    • Article
      Electronics firm AWA star of Aussie bourse in 1991: report
      446 8  -  By Said Abdullah SINGAPORE AWA Ltd was the star performer of the Australian stock market last year, according to The Australian Financial Review's survey of the All Ordinaries Index's best performing stocks. The Review reported that shareholders of the electronics
      446 words
    • Article, Illustration
      Lock icon Expect more blood, sweat and tears, Philips staff told
      409 9 Process of changing attitudes will continue: chairman Reuter EINDHOVEN, Netherlands Employees of Philips Electronics NV, which has carried out a major restructuring over the cast year, were told on Tuesday that 1992 would bring more blood, sweat and tears. Philips chairman
      Reuter  -  409 words
    • Article
      Lock icon Paramount Communications profits fall 53pc despite slightly higher revenues
      317 9 NYT NEW YORK Paramount Communications on Tuesday reported financial results for 1991 that only the Addams Family could love. For the fiscal year that ended Oct 31, profits were less than half the prior year's level, despite slightly higher revenues. Martin
      NYT  -  317 words
    • Article
      Lock icon Westinghouse urges US court to drop charges
      420 9 FT LONDON Westinghouse Electric of the US has called on a US federal court to drop bribery and corruption charges against it in connection with a nuclear power project in the Philippines. The US$l.l billion (SSI.B billion) civil action was brought against Westinghouse
      FT  -  420 words
    • COMPANY BRIEFS
      • Article
        Bell Atlantic expects loss after US$1.55b charge
        94 9 PHILADELPHIA. Pennyslvania Bell Atlantic Corp said it expects to post a 1991 year-end loss due to a USSI.SS billion (552.51 billion) accounting change charge that will be retroactive to the first 1991 quarter. The firm, which plans to restate results for the first
        94 words
      • Article
        Accor to open 10 hotels each year
        78 9 PARIS The French Accor hotel group plans to open 10 leisure hotels each year until it has 120 to 150 such hotels in five years' time, the company said on Tuesday. On Jan 1, as a result of a link with Wagons-Lits, the
        78 words
      • Article
        LSI quits semiconductor group
        76 9 MILPITAS. California LSI Logic Corp has resigned its membership in Sematech, a semiconductor industry consortium that it helped found. The consortium was founded in 1987 as a joint venture between 14 companies and the federal government to boost the US semiconductor industry's competitiveness. The consortium has
        76 words
      • Article
        Hachette says liability limited
        84 9 PARIS French media group Hachette's liability in the case of La Cinq, its television affiliate that last week filed for bankruptcy, is limited, a statement issued by the company's lawyers said. "Any attempt to suggest Hachette's liability is beyond that already dutifully consented to has no
        84 words
      • Article
        Boots' sales fall short of targets
        74 9 LONDON The Boots Co pic said sales for its third quarter to end-Dec 1991 had fallen below targets for the period. "Although falling some way short of our targets, this is a good result, taking into account the tough economic climate and the very
        74 words
    • Article
      Lock icon US retailer Sears, Roebuck to axe 7,000 jobs
      186 9 FT NEW YORK Sears, Roebuck, one of the largest retailers in the US, on Tuesday announced plans to eliminate around 7,000 jobs through a US$6O million (5597.2 million) investment programme in automated "customer service" facilities. The Chicago-based company, whose management has recently
      FT  -  186 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      62 7 Hot Stock: OUB, Pg 21 Jr Ir >^v'> /.UME^ ,v-•-. .j kmsb R^ t .y V/ -jf.. V n Japanese. German, American cars PireUi tyres fit them all. Why don't more drivers fit Pirelli? Amateurs. AVA..ABUE AS (MGMAL EO TVRES OF. ALFA AUO., BMN FERRARI. MONOA. .AO.-R U-»»«. MFRCEOES.®,* ~*«AN.
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      43 8 CARPET AUCTION 100 carpets and rugs from Persia and Pakistan. All carpets are backed up by a full trade-in guarantee at our show room. Auctioneer: p Presenter: LEE BOON CHUA Y PETER HEDGER 24A Lorong Mambong (Holland Village) Singapore 1027. Tel: 462 0028
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      Page 8 Advertisements Column 2
      77 8 Unclog your cash, Is your business caught in a tight cash-flow situation? Bring us your invoices and we'll give you immediate cash advances. MMS finance Limited Let Keppel Finance and Keppel Factors Keppel Factors Re Ltd ease your cash flow Km (Members of the Keppel Group) Head Office: 15 McCallum
      77 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      95 9 i jf^^ k ONCE AGAIN, WE'VE CUT THE COST OF SAYING "HELLO" VIA IDD TO SWITZERLAND. We've reduced the IDD rates to Switzerland again And this time by as much as 13%. Which means the Standard Rate is now $3.50, Discount Rate is $3 20 and Economy/Weekend Rate is only
      95 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Ibca withdraws rating for Manny Hanny Bank
        72 10 SINGAPORE European credit rating agency Ibca has withdrawn its ratings for Manufacturers Hanover Corporation following its merger with Chemical Banking Corporation. Ibca said in an announcement its ratings for the new entity Chemical Banking Corporation are long-term 888 and short term A 2.
        72 words
      • Article
        Fuji Bank widens prime rate cut
        121 10 TOKYO Fuji Bank Ltd said it would widen the reduction in its short-term prime rate to 0.75 percentage point from the 0.5 point cut it announced last week. The new 5.875 per cent rate took effect yesterday. The rate is applied to loans of
        121 words
      • Article
        Japan's postal savings up
        69 10 TOKYO Japan's outstanding balance of postal savings was 151,577 billion yen (S$ 1,973 billion) at the end of December, surpassing the 150,000 billion yen mark for the first time, the Ministry of Posts and Telecommunications said yesterday. In a preliminary report, it said postal savings saw
        69 words
      • Article
        TSB to close Luxembourg arm
        90 10 LUXEMBOURG TSB Group pic's private banking operations in Luxembourg will be closed within the year, TSB's Hill Samuel Bank Ltd subsidiary said on Tuesday. The bank, TSB Private Bank International SA, "was not sufficiently profitable" in a very competitive market. Hill Samuel spokeswoman Sophie Hull
        90 words
      • Article
        Credit Lyonnais in Belgium
        87 10 BRUSSELS France's state-owned Credit Lyonnais, which has made inroads recently into Belgium's sheltered banking sector, has launched a fresh assault with a new account to compete with the country's most popular savings vehicle the bank savings certificate. Credit Lyonnais Belgium NV (CLB) said it was launching
        87 words
      • Article
        Westport sees 4th quarter profit
        59 10 WESTPORT, Conn Westport Bancorp Inc said it expects to report a profit for the fourth quarter after non-recurring gains of about $1.5 million (552.43 million) from the sale of investment securities and a restructuring of its pension plan. The company said the quarterly profit would
        59 words
    • Article
      Lock icon Religious court ruling worries Pakistani banks
      369 10 Reuter KARACHI Bankers are praying for compromise with a powerful religious court which has decided Pakistan's Islamic banking system is not Islamic enough. Bankers said that one of 32 financial laws which the Shariat Court rejected two months ago supplies the framework for mark-up,
      Reuter  -  369 words
    • Article, Illustration
      Lock icon D&C Bank to go into credit card business
      435 10  -  1991 profit expected to be higher than 1990 From Chew Eng Han in KUALA LUMPUR MALAYSIA'S Development Commercial Bank Bhd plans to go into the credit card business as part of an overall strategy to beef up its retail-banking activities. D&C chief
      Source: 1990 annual report  -  435 words
    • Article
      1991 another successful year for NTUC Income
      303 10 SINGAPORE NTUC Income, the insurance cooperative under the NTUC umbrella, has reported another successful year for 1991. Releasing its preliminary results yesterday, NTUC Income said premium income from the life and general insurance business rose $43 million or 23 per cent to $233
      303 words
    • Article
      Lock icon Baring Securities gains entry into elite Paris exchange
      218 10 AFP PARIS British stockbrokers Baring Securities has been admitted to the Paris Bourse, becoming the first firm to benefit from the end of a Napoleonic rule limiting the number of dealers on the French stock exchange. The so-called "numerus clausus", established during
      AFP  -  218 words
    • Article
      Lock icon Westpac sees no marked improvement in profit
      367 10 Reuter SYDNEY Westpac Banking Corp does not expect a marked improvement in its performance over the next six months, managing director Frank Conroy said. "In view of our economic forecast for a weak recovery for Australia in 1992, no significant improvement in the
      Reuter  -  367 words
    • Article
      Pertama issue: DBS offers up to 90pc financing
      197 10 SINGAPORE In this year's first new share financing package, DBS Bank is offering investors in Pertama Holdings Ltd's public issue financing for up to 90 per cent of the issue price. DBS Bank is also the manager and underwriter of Pertama's flotation.
      197 words
    • Article
      Maybank unit in Labuan seeks US$100om loan
      310 10  -  By Kooi Cho Teng SINGAPORE Malayan Banking Bhd's Labuan subsidiary will tap the offshore capital markets for a US$lOO million (*****.05 million) loan possibly the first for a bank based in the tax haven. Guaranteed by Maybank, the largest commercial bank in Malaysia,
      310 words
    • Article
      Lock icon German insurer close to setting up a European holding
      437 10 Reuter FRANKFURT Aachener und Muenchener Beteili-gungs-AG (AMB) said it was continuing a drive to set up a European holding company as a French rival intensified its own bid to take a blocking minority in the German insurer. An AMB spokesman said
      Reuter  -  437 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      56 10 For Sale By International Tender (If not sold prior) Lakefront Land One of the few remaining large blocks zoned for Hotel accommodation. 10,672 m 2 total area 15 individual titles with 9 residential dwellings. Will be sold in one line or separately. Tenders close 4.00 p.m., 28 February 1992. Z
      56 words
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      Page 10 Advertisements Column 2
      98 10 MUSIC FOR YOUR EARS I Unity Audio A new class of loudspeakers. Class A series loudspeakers kt Time aligned A Dynamic Driver Systems for more bass /"N Phase Locked Woofer for high efficiency, V subharmonic performance and no resonance (I Multidrive system to reproduce the open and detailed sound of
      98 words
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  • THE REGION
    • Article, Illustration
      New Viet charter gives wider powers to president
      504 11  -  Under draft constitution, president may initiate moves to remove PM From Harish Mehta in HANOI THE Vietnamese president will have wider powers and can initiate moves to remove the prime minister under a new draft constitution that may be implemented later this
      504 words
    • Article
      Lock icon Manila's chances of getting IMF aid threatened by deadlock
      361 11 AFP MANILA More than US$5 billion (SSB.I billion) in loans and debt relief will be affected if the Philippines fails to pass International Monetary Fund (IMF) requirements, central bank governor Jose Cuisia said on Tuesday. He implied that Senate Minority Leader
      AFP  -  361 words
    • Article
      Lock icon Hanoi not able to attract technology transfers: report
      392 11 AP BANGKOK The capital of impoverished Vietnam has attracted some foreign investment but no significant transfer of technology in the past four years, a Vietnamese media report said. In 1991, licenses were issued for 21 foreign investment projects in Hanoi, with a
      AP  -  392 words
    • NOTE BOOK
      • Article
        Australia seeks support for Gatt outcome
        105 11 CANBERRA Australian Prime Minister Paul Keating has written to European leaders seeking their support for bringing the Uruguay Round of talks under the Gatt to a successful close, his office said yesterday. A statement from Mr Keating's office said the letters were sent on
        105 words
      • Article
        S$15sm for Indon farmers
        73 11 JAKARTA The Indonesian government has earmarked 19 billion rupiah (5515.2 million) for job creation among farmers in anticipation of a prolonged drought this year. Job creation could take the form of labour intensive projects such as reclamation and repair of irrigation networks, dams, roads and other
        73 words
      • Article
        Thai crackdown on profiteering
        61 11 BANGKOK Thai police have mounted a nationwide crackdown on profiteering by businessmen and traders amid on-going confusion over the introduction of Value Added Tax (VAT), the National Police chiefs office said yesterday. Assistant police chief Lieutenant General Sanan Tuchinda said offenders will first be warned against
        61 words
      • Article
        Vietnam collects S$726m in taxes
        83 11 HANOI Vietnam's tax department collected about 5,600 billion dongs (***** million) in 1991. an increase of 78.6 per cent over the previous year, the Nhan Dan newspaper reported yesterday. Public enterprises contributed 3,585 billion dongs, about 64 per cent of the state budget, while taxes
        83 words
    • Article
      Lock icon PNG premier to visit Indonesia
      296 11 AFP PORT MORESBY Papua New Guinea's land border with Indonesia, a subject of considerable sensitivity, will be the key discussion topic when Prime Minister Rabbie Namaliu visits Indonesia next week. Mr Namaliu begins his three-day visit next Monday at the invitation of Indonesia's President Suharto.
      AFP  -  296 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      106 11 |^H s w WE'VE CUT THE COST OF SAYING "HELLO" VIA IDD TO THE FORMER EAST GERMANY. Now that Germany has been unified, the low IDD rates of the former West Germany also applies to the former East Germany. This means you can save up to 27% because the Standard
      106 words
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        US military faces drastic spending cuts
        97 12 WASHINGTON The US military, swollen with arms and two million troops from a record peacetime build-up, is being thrust into its deepest spending cuts since World War 11. Defence officials and private experts say the Pentagon, already embarked on major reductions to shrink the
        97 words
      • Article
        US troop pullout still on hold
        88 12 WASHINGTON The US has praised what it calls progress by North Korea towards opening its nuclear facilities to inspection, but says future withdrawal of US troops from South Korea is still on hold. Pentagon spokesman Pete Williams said on Tuesday that Washington supported South
        88 words
      • Article
        Mexico to merge ministries
        89 12 MEXICO CITY Mexico's finance and budget and planning ministries will merge under the current Finance Minister in the biggest Cabinet shake-up since President Carlos Salinas de Gortari took office in 1988, the government said on Tuesday. The move was seen as giving US-educated Finance Minister Pedro
        89 words
      • Article
        Canada protests over expulsion
        85 12 OTTAWA Canada has protested to Beijing over the rough treatment by Chinese police of three Canadian Members of Parliament and their abrupt expulsion from China. Scott Mullin, spokesman for External Affairs Minister Barbara McDougall, said on Tuesday that a protest had been lodged with Chinese authorities
        85 words
      • Article
        EC inflation up in November
        61 12 BRUSSELS European Community annual consumer price inflation rose to 4.8 per cent in November, breaking a three-month decline, the EC said on Tuesday. But the EC statistics office, Eurostat, said the rise in the year-on-year rate from 4.4 per cent in October was largely due
        61 words
      • Article
        Sri Lanka assures aid donors
        60 12 COLOMBO Sri Lanka met its foreign aid contributors on Tuesday and sought to reassure them the government is doing everything possible to resolve the country's conflicts. A government team, led by Finance Secretary R Paskaralingam, told donor countries it was seeking a peaceful solution to
        60 words
    • Article
      Lock icon Russia applies to join IMF and World Bank
      402 12 Azerbaijan also seeking to join Fund Reuter WASHINGTON Russia applied on Tuesday for membership in the International Monetary Fund (IMF) and World Bank, a move that could eventually provide billions of dollars in critical new financing as it fashions a market economy.
      Reuter  -  402 words
    • Article
      Lock icon US to host conference on aid for former Soviet republics
      267 12 Reuter WASHINGTON The US is to host a major conference of up to 60 nations and international organisations on Jan 22 and 23 to coordinate aid for republics of the former Soviet Union. The conference was proposed by US Secretary
      Reuter  -  267 words
    • Article
      Lock icon German economic locomotive running out of steam
      554 12 IHT FRANKFURT With most of Western Europe in or near recession and much of Eastern Europe in disarray, the continent has rarely been in greater need of the fabled German economic locomotive to pull it out of trouble. Unfortunately, Germany itself is hovering
      IHT  -  554 words
    • Article
      Lock icon Progress seen in Czech reforms: OECD
      249 12 AFP PARIS Czechoslovakia has started out successfully on the hard road towards a market economy with two years of initial reforms, but still has a long way to go, the Organisation for Economic Cooperation and Development (OECD) said yesterday. It estimated that reforms had
      AFP  -  249 words
    • Article
      Lock icon Recovery in eastern Germany taking longer: minister
      347 12 AFP BONN German Economy Minister Juergen Moellemann has warned that the government's effort to rebuild eastern Germany would take longer, cost more and need a tightening of the budget belt. Programme Aufschwung Ost (Eastern Recovery) was initially scheduled to last for 1991 and
      AFP  -  347 words
    • Article
      Lock icon Blacks' boycott hits business
      566 12 S African town's white store owners feel pinch of racial backlash NYT PHALABORWA, South Africa The stores in this small copper-mining town glitter with bright decorations, leftovers from Christmas, and with advertised post-season sales. But a trickle of white customers is the only thing that has
      NYT  -  566 words
    • Article
      Lock icon EC seems to be hardening stand on farm subsidies
      311 13 Gatt must make next move, says Community FT BRUSSELS The European Community appears to be hardening its position on the farm subsidies row threatening to sink the Uruguay Round world trade talks, as EC-US bilateral talks have failed to resolve the
      FT  -  311 words
    • Article
      Lock icon US drugs industry becomes latest to rap Gatt proposals
      377 13 FT WASHINGTON The US pharmaceutical industry has denounced the latest proposals for concluding the Gatt Uruguay Round talks as "an enormous break for the biggest pirates in the world". The industry's trade association on Tuesday joined a growing list of groups
      FT  -  377 words
    • Article
      Lock icon Employers worried about EC social policy
      396 13 FT BRUSSELS European social policy threatens to become "a two-headed monster", which could damage EC business, as a result of last month's Maastricht summit, say European employers. The UK agreed to the Maastricht treaty on European union only after its 11 partners consented to
      FT  -  396 words
    • Article, Illustration
      Lock icon Yugoslav jet shoots down EC helicopter, all 5 on board killed
      215 13 Reuter PODRUTE, Yugoslavia Croats tending their Fields watched in horror and disbelief as a Yugoslav military jet blasted a European Community helicopter out of the sky on Tuesday, killing all five people on lx>ard. Another EC helicopter narrowly escaped.
      Reuter  -  215 words
    • Article
      Lock icon No pan-European consumer market seen emerging
      370 13 IHT LONDON With less than 12 months to go, corporate strategists are awakening to the fact that a single market in Western Europe will not create a single kind of West European. Implicit in much of the build-up to the single market had been
      IHT  -  370 words
  • Page 12 Advertisements
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      154 12 r Aim for a audience ASIAN AEROSPACE' 92 WWWf!WFfyf|TffTTWW ASIAN AEROSRACE is considered BfcUfcttMJlliiiLiU one of the world s most important air shows. Three of our newspapers will be publishing a m, »j rrr special feature in conjunction with this great The Straits Times exhibition of air-power. FEBRUARY 24,1992 Readers
      154 words
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      Page 12 Advertisements Column 2
      17 12 j ANDGET FAST EFFECTIVE RELIEF! Sole Distributor Summit Co (S) Pte Ltd Available at all leading pharmacies.
      17 words
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  • Page 13 Advertisements
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      83 13 ONCE AGAIN, WE'VE CUT THE COST OF SAYING "HELLO" VIA IDD TO DENMARK. We've reduced the IDD rates to Denmark. And by as much as 13% which means the Standard Rate is now $3.90 and Discount Rate is only $3.60 per minute. What's more, we've also reduced the IDD rates
      83 words
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  • Article
    Freeing the Garuda bird
    558 14 EDITORIAL THERE IS nothing really exciting about President Suharto's latest fiscal plan for Indonesia. The draft budget for 1992/93 anticipates an 11 per cent rise in government spending. But the expected 8 per cent inflation nteans the increase will be marginal in real terms. It is
    558 words
  • WHAT THE OTHERS SAY
    • Article
      An ominous start
      286 14 rfo one thought it would be easy, but does it have tA be so difficult? With world attention focused on would happen to a crumbling Soviet Union's nuclear arsenal, its conventional forces and weapons took a back seat. But these, too, are immense. At a meeting in
      286 words
    • Article
      Meeting expectations
      80 14 PRESIDENT Wee Kim Wee's call for Singaporeans to work closely with the government, during his address to the eighth Parliament, is timely. To go into the Next Lap, Singaporeans will have to work even harder, and at the same time, care for those lagging behind. There will also
      80 words
    • Article
      Some lingering doubts
      104 14 WHILE the government's new policies to help Singaporeans level up have been seen as a move towards a more human society, some doubts remain. Giving grants from Edusave to non-independent schools for their running implies that the bulk of government assistance for individual students will be directed
      104 words
  • REGIONAL VIEWPOINTS
    • Article
      Relations on solid footing
      147 14 AS a more advanced economy, Thailand owes a moral obligation to the less developed Lao economy to refrain from any exploitation. If anything. Thai businessman planning investment projects in Laos should focus not only on serving their own interests but equally those of the best counterparts.
      147 words
    • Article
      What Hongkong wants
      170 14 THE whole concept of an accountable legislature is anathema to China whose own model, the National People's Congress, is a rubber-stamp for policy decisions reached by the top party echelons and the politburo. For Hongkong to seek a more effective Legislative Council is only a natural progression
      170 words
    • Article
      Producing real democracy
      181 14 WITHOUT multi-tiered checks-and-balances within parties, between parties in a government coalition, between a prime minister and his Cabinet, and between the electorate an the government administration, the Thai parliamentary system is doomed to fail in time. The only way to avoid such a dismal end is to
      181 words
  • Article, Illustration
    The year of the general election
    1365 14  -  Ray Heath examines prospects for the London stock market Ray Heath The writer is the editor of Equity International THE London stock market is going to be mainly about politics this year. Economics, market fundamentals and corporate growth will be secondary to the general
    1,365 words
  • Page 14 Advertisements
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      66 14 POONESBURY BY GARRY TRUDEAU IT LOOKS KNOiU WUKS THIS LZTS EVSFVOOPY UJHOA. SO WHY PONT UJ£ TO OPEN EVERY SESSION KNOW MHO YOU ARE ANP NHAT tM MIKE. r M WHOA GCT STARTUP, OKAY, CFOUPJO6 S&EXERS SUP- YOU ARB' MIKE, YOU LEAP I'M A HAPVBY ™ATS PEOPLE 2 PORT GKXJPMH
      66 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Corporate survivor
      2194 15  -  Datuk Loy Hean Heong is a man who has survived corporate disaster. Leslie Lopez reports from Kuala Lumpur on the man at the helm of the MBf Group Leslie Lopez AFTER more than two dccadcs as a major player in Malaysia's often turbulent corporate sector, Datuk Loy Hean
      Source: Malaysian Registry of Companies  -  2,194 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      137 15 The incredibly desirable 1892 HI m Ericsson antique phone Resuscitated for this promotion only, this fullyf I waring unit is no longer in praduc_»l|] H* don There's a paltry 80 availoble in Singapore so its value is bound >o appreciate WIN BABE ANTIQUES. (IN OUR COLLECTIBLES COMPETITION] jfi All you
      137 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      333 16 VERY FEW OFFICE BLOCKS Grow up to be WORLD FAMOUS LANDMARKS. ■H v -kHH"- 1 KS 1 "I I^^Hi f^aH 1 k Ka^^K-.F HH 885 iB uhm Kg— ■K9QS3xs@<fln ;:n n H^Hb 2E :J^H| --"-v'^^^H" rSSa^^^H BSaEai iX« Kr^^^^B"t!B£i^B^Bß s^l ■^B< i R a KS^2s^^sSSs;S^■• iißill K^^K^9lHHi s a B^*^^^^^^Vi
      333 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Keeping the 'ummph' alive and kicking
      705 17  -  Boh Plantations aims to build up its share of the beverage market and pursue younger consumers at the same time. Sylvia Wong, who was in Kuala Lumpur recently, finds out more about the company's plans Sylvia Wong, AFTER a successful five-year adv e r
      705 words
    • Article
      Expansion and consolidation
      397 17  -  Sangeeta Mulchand reports on new developments at the world's largest privately-owned public relations company Sangeeta Mulchand Following a threeyear expansion programme into Europe, Daniel J Edelman Inc is looking at consolidating its foothold in the Asia-Pacific public relations market over the next three to five years. The
      397 words
    • Article, Illustration
      DDK Bozell to give up Fuji Film account
      281 17 SINGAPORE DDK Bozell has decided to drop the Fuji Film account from its client list due to a strained client-agency working relationship, said DDK chairman Bill Dowler. The agency won the account in a competitive pitch in 1990, and went on to
      281 words
    • Article
      Henen calls on manpower expert
      187 17 Home-grown ad agency, Henen Advertising, has engaged a Sydney-based manpower expert to give the agency a once-over. For the next three weeks, the fast-growing local agency, with $8 million annual billings, will come under the scrutiny of Paul Hannan, managing director of Manpower Management Group,
      187 words
    • Article, Illustration
      Lock icon Growth in spending likely to be 17pc
      790 17 Market opportunities in Indonesia THE advertising industry in Indonesia achieved a near 50 per cent rise in billings last year, due mainly to higher expenditure on television commercials, but its growth is likely to slow down this year. "The growth in advertising expenditure
      Source: Indonesian Association of Advertising Agencies(PPP)  -  790 words
    • Article
      Sending the right signals to the right groups
      707 17  -  The advertising professional who can tailor his message to the right audience in the right language could very well move the market. Salil Tnpathi reports Salil Tripathi Marketing products in any vast country is a difficult business. The dream of the marketing
      707 words
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      Page 18 Advertisements Column 1
      188 18 ti v X »Jr- y XC, r J, > |Tj >*** -li! V> O- st---'' W¥* cb /k 4i- trfU £W gf TT I Mondial Raffles $1000 Dream Week. Today till Wednesday only. jgr,, /4fe§B $1000 for any item. One week only. >'•,> H? &P B V V iV ./>
      188 words
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  • SPORTS
    • Article
      Lock icon Asian chess in the limelight
      385 19 Reuter NEW DELHI With the break-up of the' Soviet Union, another long-cher-ished domain of Moscow is under threat. India's Vishwanathan Anand the foundations of what was Soviet domination oy the chess world by winning the highest-ranked in the history of the game, ahead of world
      Reuter  -  385 words
    • Article, Illustration
      Lock icon Whatever happened to Bobby Fischer?
      556 19 Reuter REGGIO EMILIA, Italy When the greatest players in chess gathered in Italy for a nostalgic reunion, the name on all their lips was that of the one former world champion who did not turn up the elusive Bobby Fisclfcr. All 14 grandmasters who attended
      Reuter  -  556 words
    • Article
      Lock icon Motorcyclist killed in head-on crash in rally
      261 19 Reuter PARIS France's Gilles Lalay became the third man to die in the Paris-Cape Town rally when his factory Yamaha collided with a medical assistance vehicle soon afler the finish of Tuesday's Congo stage. Lalay, 29, winner of the Paris-Dakar rally in 1989,
      Reuter  -  261 words
    • SIDE LINES
      • Article
        Seaver, Fingers make it to Hall of Fame
        116 19 NEW YORK Three-time Cy Young Award winner Tom Seaver and all-time save leader Rollie Fingers were elected to Major League baseball's Hall of Fame on Tuesday. Seaver, in his first year of eligibility, received the highest percentage of votes cast 425 of
        116 words
      • Article
        Australia to challenge?
        73 19 GOLD COAST, Australia Australia should be able to challenge the holder of the Ryder Cup in a bid to establish which is the most powerful team in golf. US Open champion Payne Stewart said Monday: "On alternate years, an Aussie team should challenge the holders." The Ryder
        73 words
      • Article
        Wood to quit cricket
        88 19 PERTH Former Test opening batsman Graeme Wood yesterday confirmed that he will quit first-class cricket immediately. Wood, 35, said he had made the decision after being angered by his omission from the Western Australian Sheffield Shield side to play Tasmania in a game starting here tomorrow.
        88 words
      • Article
        Jockey Murray dies
        151 19 LONDON Tony Wtjoay, who rode over 1,000 winners during an 18-year career, Jits died at the age of 41. The son of a former jumps jockey, >Mmrrav partnered six classic winners in Britain and Ireland, and counted his 1980 Irish Derby triumph on the Bruce Hobbs-trained Tymavos
        151 words
      • Article
        Yzaga, Zoecke in upset wins
        91 19 AUCKLAND Jaime Yzaga of Peru and Markus Zoecke of Germany beat seeded players in the second round of the upset-filled US$ 182,500 New Zealand Open tennis championships yesterday. Yzaga continued his recovery from a careerthreatening knee injury, defeating fourth-seeded Spaniard Francisco Clavet 6-4, 7-6 (7-4).
        91 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      255 19 I -gv, A HEADY MIX OF SMOOTH POWER AND TRADITIONAL LUXURY. Open to the sunshine or closed to the elements, 12 seconds. Closing the hood is just as easy a transmission, trip computer, cruise control and a half century of sporting achievement. i: i the XJS 5.3 Covertible is a
      255 words
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      Page 20 Advertisements Column 1
      757 20 Nothing Beats ABucL where to wine, dine ffuNO OF Iff9)ik-h. if Sing in the Subway! Happy hours at Subway are now singing hours. So ride on down to Subway for Happy Hours when all drinks are going for a song. PLAZA Hfiffil, Happy Hours: ©Way 6 9 pm —>. (T*
      757 words
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      Page 20 Advertisements Column 2
      159 20 ftrdba j mfy i&day f Only 4 weeks to enjoy all your II favourite dishes in our delectable Jill Italian spread. Better hurry... Mil H y i vj^ <»»«> til \VJt We terve the uvrU to you* The Belvetlrre "-5SHlOrdwdtaad T# *****11 1 jfe* B* Chefs Carve: $23.00** 5 ;gg
      159 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      632 20 TELEVISION AND RADIO "cdoTo >T Ml Amazing Stories Without I 5.30 Smoggies. BUSINESS ON RADIO A 1a -■.<-% -d- -T~>- M.» m.r*_ ai m j —l _f"l. *&s%&&**&<£'<" Diana. 6.00 News. j E—- B Ba—! AmDitious enterprise 3 sr"—"• 655 PM OMmne and Pr o »r. m m. 900 mn%
      632 words
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  • LIFESTYLE
    • Article, Illustration
      Eyepopping History
      438 21  -  Susan Tsang previews a play that fantasises about a meeting between Singapore's founder and first PM Susan Tsang Ever wonder what would happen if two great characters from different stages of Singapore's development could meet? No? Well, poet and playwright Robert Yeo has, and the fruit of his
      438 words
    • Article
      Lock icon Breeding ban on Saint Bernards
      283 21 AP The legendary Saint Bernards, famed for rescuing snowbound travellers, now need help. Animal experts say it will take more than a cask of brandy to rescue them. The hefty hounds spend at least 20 hours a day in small quarters that are unheated even
      AP  -  283 words
    • Article
      Bush, 4 ex-presidents in American Indian list
      302 21 mmsmm HONORARY committees can be an eclectic lot. Take, for example, the list for the national campaign of the National Museum of the American Indian. They include President Bush, the four living former Presidents and their wives, Kevin Costlier, Paul Newman, Arnold Palmer,
      302 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      220 21 AND ENTERTAIN j. IRa Shai Masc For the fresh and flavourful taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15 pm. A I ANA HOTEL For reservations, SINGAPORE please call 732-1222 ext 1589. Wheelinf and dealing is best done
      220 words
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      Page 21 Advertisements Column 2
      261 21 <7 W Traditional Cantonese 2 Cuisine ■Kl^H H O BEST HONG KONG DIAN XIN IN TOWN China China Restaurant A Marina Bay Golf Country Club M 2 6 Marina Green Singapore 0101. For Reservations Please Call 2212 m i. HAVE n[ k XIAI k 1 ,sl ,<s;,,v,k u,i,uj u,mU,njiiu, Kii,,v,s
      261 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market undertone firm despite swirl of rumours
      4073 22  -  By Lilian Ang IT WAS a field day for market gossips. By the time the trading day ended, fresh rumours and new versions of old ones had made several rounds in the market, getting increasingly distorted along the way. Many of the blue
      4,073 words
    • Article, Illustration
      Lock icon HOT STOCK
      75 22  -  By Chew Eng Han Comment OUB could move higher during the coining weeks, with immediate target at $5.10-5.15. Medi-um-term resistance at $5.30 is strong and unlikely to be broken at the first attempt. Might be a good idea to take profits from $5.10 upwards, as there is a
      SOURCE: PONT DATA  -  75 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3300 24 Hume M 316 +18 +6.0% MAS 410 +8 +2.0% NST 320 +6 +1.9% H Leong Credit 206 +5 +2.5% Esso 50« 388 +2 fO.5% Keck Seng 177 +2 +11% PMR1 50* 150 2 +1.4% Tan Chong 50« 165 +2 +1.2% TDM 72 +l*i +2.1% Boustead
    3,300 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      23 24 The smart addition to your research department i j 6 is only a phone call away I Telephone: *****63, *****66, *****89 1 irnmmwmwmmmmmmmmmmmmmmmmmmMmmmmMmMwmimmmmmmmmmmmmmmmmmmmmim
      23 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      257 25 Company Date Year Group Net Net earnings Cross ann to profit/loss (L) per share dividend ('000) (cents) SPH Dec 24 Aug 91 $153,802(1133.374) 62 6(54 3 25(30) Ind Oxygen Dec 14 Jun 91 M$21 269($16.754) 4 7(6) 5(4 5a) Seal Inc Dec 13 Jun 91 M$648t$8476) 1 4(21
      257 words
    • Article
      APPROVED ISSUES
      176 25 Company Rights Issue Asa Pac Land Four for seven <a MJO 50 per share Ei-date Ian 3 Books dose tan 17 Acceptance Payment NYA City Dev RenounceaMe issue on the basis of one-for ten g, 12 85 per share Ex-date Dec 9 Books close Dec 19 Acceptance i
      176 words
    • Article
      PRELIMINARY RESULTS
      150 25 Company Date Year Group pre-tax Net earnings Cross ann to profit/loss (L) per share dividend (000) (cents) KL Kepong Dec 27 Sep 91 M$85.4S8($S4.804) 15.3(14.8) 15(15) Pacific Can Dec 24 Sep 91 $138($1,387L) 0 2(-) Van Oer Horst Dec 24 Sep 91 $2 960(12.800 4.7(42) 1(1) Wearnes Dec
      150 words
    • Article
      INTERIM RESULTS
      473 25 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend (000) Potytek Oec 31 Sep 91 J489L < $1,953) Sateras Res Oec 31 Sep 91 M$2.023($462L) FACB Oec 30 Sep 91 M$5,255($4.861) Set Dredge Dec 30 Sep 91 MJ2,391($579e) Imatex Dec 27 Sep 91 M$3.270L($2.615L) KLIH Dec
      473 words
    • Article
      CORPORATE DEVELOPMENTS
      269 25 Jan 7 Cement maker Pan Malaysia Cement Works (S) Pte Ltd, a member ot Malaysia's Mill group, has applied for a listing on the Stock Exchange of Singapore Times Publishing has sealed a 530 m agreement with the publishers of "Newsweek' to print about 380,000 copies of each
      269 words
    • Article
      DIVIDENDS ANNOUNCED
      580 25 Currant Ex Books Date Total for Total for payment date dose payable the year last year ABB 50c 12%<b) Dec 30 Jan 14 Jan 21 12% 10% Aral Steel 50c 10% Dec 9 Dec 23 Jan 20 20% 20% Asa Pacific 18%N Jan 9 Jan 21 Jan 29
      580 words
    • Article
      PROPOSED ISSUES
      514 25 Company Rights Issue Umci Ttdi One-for-one SI 00 per start Bait on Issue of $90 978m nominal amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/96 wtth 45«9m detachable warrants on the basis of $2 nominal amount of Bonds for every three eitstmg shares held Every $2 nominal amount
      514 words
    • Article
      COMPANY MEETINGS
      154 25 Metropiex Bhd: EGM at Sabah Room, Level 3, Putra World Trade Centre, Jalan Tun Ismail, ***** Kuala Lumpur on Friday, lan 10, at 11am UM Corporation Bhd: EGM at the registered office, 2nd Floor, Wisma UM, Jalan Yong Shook Lin, ***** Petaling Jaya, Selangor Darul Ehsan, Malaysia on
      154 words
    • Article
      SCRIPLESS CONVERSION
      115 25 Conversion Special Irdg Scripless Conversion deadline Period I radirtg Company slam (1DP) (ST) starts City De* Dec 26 Jan 16 Jan 6 Jan 16 Jan 17 H Negara Nov 25 Dec 12 Dec 3 Dec 12 Dec 13 HTP Hldgs Sep 16 Oct 10 Sep 30 Oct 10
      115 words
  • Article, Illustration
    CHARTING SERVICE
    591 25 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    591 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market consolidates as investors hold back
      5010 26 Bernama THE share market consolidated yesterday after reeent gains following mixed signals from overseas with prices finishing easier on further prof-it-taking and buyers' reserve. Investors were reluctant to build up positions after Japanese stocks came under selling pressure despite a rebound on Wall Street
      Bernama  -  5,010 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks end lower as investors take profits
      2189 27 Reuter INVESTORS took profits on recently strong blue chip shares yesterday, sending stock prices to a lower close in a day of active trading, brokers said. The SET index lost 4.97 points to finish at 723.96 on turnover of 4.56 billion baht. "The
      Reuter; SOURCE: PONT DATA  -  2,189 words
  • JAKARTA STOCK EXCHANGE
    • Article
      Prices mixed in lower turnover
      1116 27 SHARE prices closed mixed in fairly active trade yesterday, brokers said. The official index rose 2.26 points to 250.53, while trading volume fell to 3.90 million shares from Tuesday's 6.21 million. Indah Kiat was the mosttraded issue on the regular market with 406,000 shares changing
      1,116 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      360 27 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OF BASING STOKE INVESTMENT PTE. LTD. At an Extraordinary General Meeting of the Company held on 31 December 1991 at 120 Oxley Rise. Singapore 0923
      360 words
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      Page 27 Advertisements Column 2
      330 27 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MA RATI SINGAPORE PTE LTD. At an Extraordinary General Meeting of the Company held on 31 December 1991 at I2ooxley Rise. Singapore 0923 at 10.00 a m the following resolutions were passed 1. SPECIAL RESOLUTION WINDING-UP
      330 words
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      Page 27 Advertisements Column 3
      202 27 OFFICIAL NOTICE PROPOSAL TO CHANOE OP SHIP'S NAME I, Hai Yin Dl«esl Trading J>te Ltd of 6001 Baach Road #1306, Golden Mil* Tower Singapora 0719 hereby give notice that in consequence of the intended of purchaaa and change of ahip'a name from Japaneae Flag to Singapore Flag. I have applied
      202 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares plummet, close at day's low
      2611 28 Reuter STOCKS plunged to close at the day's lows yesterday. Tighter short-term interest rates combined with an absence of fresh buying incentives to undermine market sentiment as investment trust selling and arbitrage unwinding hammered prices, brokers said. "Index selling is going on across the
      Reuter  -  2,611 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Tokyo's sharp fall drags down prices
      2593 28 Reuter SHARE prices finished lower as profit-taking, triggered by Tokyo's 851-point fall in the afternoon, overcame early selective buying yesterday, brokers said. "Prices were dragged down by profit-taking in the late session, following a plunge of the Nikkei in Tokyo," said Peter Fu, a
      Reuter  -  2,593 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article
      Lock icon Shares drift lower despite cut in cash rates
      2400 29 Market more concerned with falls in Nikkei Reuter THE Australian sharemarket drifted lower yesterday by the close after trading over a tight range, oblivious to a one percentage point cut in official cash rates. Brokers said the market was more concerned with
      Reuter  -  2,400 words
  • REGIONAL STOCK MARKETS
    • Seoul posts biggest fall since opening to foreigners
      • Article
        SEOUL
        798 29 SEOUL stocks fell for the third straight day yesterday, posting their biggest drop since the market opened to direct foreign investment, brokers said. The composite index closed 19.42 points lower at 625.85. Brokers said selling was encouraged by reports that some firms faced credit constraints, and that giant Hyundai
        798 words
      • Article
        TAIPEI
        434 29 TAIWAN share prices ended higher yesterday across the board in the largest turnover for about six months as expectations of a near-term interest rate cut boosted sentiment, brokers said. The weighted index rose 53.80 points or 1.1 per cent from Tuesday's close to finish at 4,772.61. Turnover rose to
        434 words
      • Article
        MANILA
        471 29 PROFIT-TAKING halted a week-long advance as Philippine shares ended lower yesterday but the response to the listing of Manila Electric Co (Meralco) shares showed the market's underlying strength. The Manila Stock Exchange composite index slid 14.09 points to close at 1,227.39. On Tuesday, the index reached its highest finish
        471 words
      • Article
        NEW ZEALAND
        243 29 SHARE prices levelled out and then ended slightly higher on improved turnover after Tuesday's 1.91 per cent fall. The NZSE-40 capital index ended 3.81 points higher at 1,510.33 on turnover worth about NZ$23 million. Craig Greenwood of Hendry Hay Mcintosh said brokers took heart from Wall Street's modest
        243 words
      • Article
        INDICES & TURNOVER
        55 29 INDICES TURNOVER CVwe PrcvtoMi Jul NEW ZEALAND NZSE-40 Capital 1.310.33 1.506.52 3.81 Turnover (million) 23 13.2 +9.8 MANILA Composite Index 1.227.39 1.241 48 -14.09 Turnover (million) 1.010 703.6 306.4 TAIPEI Weighted Price Index 4.772.61 4.718.81 53.08 Turnover (NTS billion) 42.3 35.13 +7.17 SEOUL Composite Stock Index 625.85 645.27 -19.42 Turnover
        55 words
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  • WORLD STOCK MARKETS
    • Dow Jones resumes its upward course
      • Article, Illustration
        NEW YORK
        1106 30 AFTER a one-day pause, the stock market resumed its daily record-setting on Tuesday, as investors, unable to find better returns elsewhere, continued to beat a path to equities. The Dow Jones Industrial Average rose 4.70 points, to 3,204.83, its seventh record in eight sessions. Don Hays, director of
        1,106 words
      • Article, Illustration
        LONDON
        671 30 SHARE prices closed lower on London's Stock Exchange on Tuesday as institutional investors showed a reluctance to buy shares. At the close, the Financial TimesStock Exchange 100-share index was down 10.3 points, or 0.4 per cent, at 2,482.9. The Financial Times 30-share index fell 2.4 points to close at
        671 words
      • Article
        FRANKFURT
        300 30 GERMAN shares finished mostly lower on Tuesday in lacklustre trading as the Wall Street-inspired rally faded on a lack of sustenance. The 30-share DAX index fell 10.87 points to 1,592.45. "There's no volume, no orders and there was no fundamental reason in the first place why we were so
        300 words
      • Article
        AMSTERDAM
        277 30 DUTCH shares ended a dull session on Tuesday mixed to easier. Investors remained on the sidelines after Wall Street's recent rally came to an end, dealers said. "People think that Wall Street could go down so they are unwilling to buy," said a trader. The EOE index closed 0.86
        277 words
      • Article
        PARIS
        136 30 TRADING was dreary throughout Tuesday's trading on the Paris Bourse, and the CAC-40 index drifted down 0.49 per cent to close at 1,778.78 points. Operators were taking profit after the 8.5 per cent rise of the last fortnight, believing the market could not be sustained while short-term interest rates
        136 words
      • Article
        ZURICH
        326 30 SWISS shares closed a lacklustre session easier on Tuesday, but prices ended above the day's lows despite Wall Street's weak opening. The All-Share SPI index lost 5.8 points to close at the day's high of 1,065.8. The blue-chip SMI eased 11.3 to close at 1,700.5, around its midpoint for
        326 words
      • Article
        STOCKHOLM
        196 30 PRICES on the Stockholm bourse closed broadly up on Tuesday in high volume, supported by lower Swedish credit yields and recent advances on Wall Street. But dealers said the upturn was moderated by weaker European markets. The bourse general index closed 0.86 per cent up at 922.22 while blue
        196 words
      • Article
        BRUSSELS
        190 30 BELGIAN shares closed a touch higher yesterday on the first day of the new forward market account with attention focused mainly on retailers Delhaize and GIB. The Bel-20 index of leading shares closed 1.48 points, or 0.13 per cent, higher at 1,106.01 points with 693 million francs worth of
        190 words
      • Article
        JOHANNESBURG
        444 30 INDUSTRIAL share prices continued firm on Tuesday, but trading was quiet as the market took a breather following Monday's sharp gains, dealers said. The industrial index was up slightly at 4,267 after a minor early retreat to 4,253 from Monday's strong 4,256 finish. The All-Gold Index was steady at
        444 words
      • Article
        INDICES & TURNOVER
        354 30 INDICES TURNOVER NEW YORK Close Previous Jan 7 Dow Jones SAP 500 Turnover (million) 3,204.83 3.200.13 417.40 417% 252.7 251.2 4.70 -0.56 1.5 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,904.1 2.482.9 478.9 1,906.5 2.493.2 486.6 •2.4 -10.3 -7.7 FRANKFURT DAX Index 1.592.45 1.603.32 -10.87 AMSTERDAM EOE Index 278.55
        354 words
  • Page 30 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar ends steady to softer in late Asian trading
      1191 31 REPORTS THE US dollar was steady to softer in choppy late Asian trade on early European selling after posting strong gains in Tokyo against the yen. Hopes of supportive yen comments were dashed on news that President Bush and Japanese
      1,191 words
    • Article
      INTERBANK FOREX RATES
      382 31 Cross rates j an 8 USS SS MS Dm Yen SFr AS NZS USS 1.6210 2.7030 1.5060 123.50 0.5302 1.3390 1.2887 1.8215 SS 0.6159 1.6675 0.9291 76.1875 0.3271 0.8260 0.7950 1.1237 MS 0.3700 0.60 0.5572 45.6900 0.1962 0.4954 0.4768 0.6739 Dm 0.6640 1.0764 1.7948 82.01 0.3521 0.8891
      382 words
    • Article
      MONEY MARKET
      531 31 Interbank rates ss Bid Offer Overnight 2 7/16 2 9/16 1-month 2 1/2 2 5/8 2-month 2 1/2 2 5/8 3-month 2 1/2 2 5/8 Overnight mode: 2-1/2 L'SS Bid Offer 7 days 4 1/8 4 1/4 1 month 4 4 1/8 2 months 3 15/16 4 1/16
      531 words
    • Article, Illustration
      Lock icon Chartists expect mark to rise farther against US$
      435 31 Reuter LONDON The mark is poised to make further gains against the dollar over the next few weeks, say chartists who see the dollar extending its decline towards last year's low of 1.4430 marks. The dollar is trapped in a down-ward-sloping channel
      Reuter; SOURCE: PONT DATA  -  435 words
    • Article
      Lock icon Sterling faces hard time in EC
      282 31 Reuter LONDON A weaker mark gave the pound sterling a respite over the Christmas and New Year break. But with the resumption of full trading on Monday, indications are that the British unit faces a tough time in the European Community's currency grid, which
      Reuter  -  282 words
    • Article
      FINANCIAL FUTURES
      1101 31 SIMEX EUltOOOUJUt Open High Low Sett Est Vol Op/Int Vol Mar 92 96 03 96.06 96.02 96 05 7300 ***** 6880 Jun 92 95 93 95.96 95.92 95.95 6236 ***** 5101 Sep 92 95.72 95.74 95.71 95.73 6000 8407 4316 Dec 92 95.27 95.31 95.26 95.29 2089 2593
      1,101 words
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  • COMMODITIES
    • Article
      Lock icon Copper prices expected to be lower this year
      417 32 Reuter LONDON The copper market, which avoided the weakness that prevailed in other base metals last year, is likely to see lower prices in 1992 and reflect a sluggish fundamental picture, analysts said. The easing in persistent technical tightness late last year
      Reuter  -  417 words
    • Article
      Lock icon Saudi price cuts will aid US refiners' weak margins
      304 32 Reuter NEW YORK Saudi oil price cuts to Europe and the US will give some US refiners more ammunition in their fight against weak profit margins, analysts say. But analysts doubt the responsive pricing will spell a return to the aggressive
      Reuter  -  304 words
    • Article
      KL tin falls 17 sen due to lack of buying interest
      828 32 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market fell 17 sen to close at M 514.63 a kg yesterday due to a lack of buying interest. Dealers said the market took its cue from the slightly
      828 words
  • Article
    PRICES
    1417 32 Rubber Jans MS (fcfc >■>») Scents/kg Noon Close Int 1 RSS Prompt I27.2V128.25N I27.2V128.25N Inl 1 RSS Feb 92 127.7V128.25 I27.7VI28.25 Inl 1 RSS Mar 128.2V128.75 128.2VI28.75 Int 2 RSS OP 126.2V127.25N 126.2VI27.25N Int 3 RSS OP 123.2VI24.25N I23.2VI24.25N Int 4 RSS OP I2I.7VI22.75N I2I.7VI22.75N Int 5 RSS OP
    1,417 words
  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      987 32 BUSINESS TIMES To# free 1M No 737 0043 Fax No: 734 3608 LOST SHARE/TRANSFERABLE SUBSCRIPTION RIGHTS CERTIFICATES The following Share/Transferable Subscription Rights (TSR)/certificates have been reported lost or destroyed:NEPTUNE ORIENT LINES LIMITED Certificate No. In the name of No. of Shares/TSR *****5 BPK NOMINEES 1 x 1,000 (TSR) SDN BHD
      987 words
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      Page 32 Advertisements Column 2
      569 32 IN THE MATTER OF THE COMPANIES ACT, CAP.Se AND IN THE MATTE* OP PORTCULLIS INVESTMENT PTELTD (la Mankers' Vttmmlmrj Liqiytlba) Al SB Extraordtaary General Meettag of the members of the abovtnamed company duly aawsid and held at No. Robinson Roed. M 9-00, Singapore 0104 on 4 lanaary 1992, (be resolutions
      569 words
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      Page 32 Advertisements Column 3
      7 32 Enterprise Management in Business Times every Monday
      7 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1213 33 Cttjf FNgtrt ETA FVgfct ETD Ate MaU GA887 1415 GA894 2340 GA975 1300 QF081 1820 QF005 2010 SQ228 2040 katstarda m SQ23 0700 KL834 2305 KL833 0955 GA975 1300 Auckland NZ25 1530 BA11 1225 NZ28 1645 SQ325 2215 Bakrata GF148 0915 BaWipaaaa GA525/ 1755 910 I
      1,213 words
    • Article, Illustration
      Salmon threat to genetic balance
      616 33  -  LETTER FROM OSLO By Alister Doyle MASS break-outs from Norway's salmon farms are threatening wild stocks of the prized fish, even though the flabby farmed variety often can't leap up waterfalls. About a million reared fish escaped on New Year's day the biggest break-out ever
      616 words
    • Article
      MONEY CHANGER RATES
      152 33 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2193 1.2358 Canadian dollar 1.4019 1.4302 NZ dollar 0.8805 0.9165 Sterling pound 3.0446 3.0851 US dollar 1.6170 1.6240 Local dollars to 100 nnits of foreign currency Austrian schilling 15.11 15.42
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      58 33 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Jan 12-19 Dolt-yourself Utrecht. Koninklijke *****55.911 CaMrMs" 1992 Trade Show Netherlands Nederlandse Jaarneurs Jan 14-18 International Valencia. Fena Muestra- ********** VIC r r- „„„i, 1992 Fair of Home Spain rio Internacio- 14 17 NSC. Centre 021-*****18 Textiles
      58 words
  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      38 33 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. We knew Europe from atari to Finrriih
      38 words
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      Page 33 Advertisements Column 2
      26 33 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times. LianHe Zaoßao, Berita Harian, Berita Mingau, Shin Min, LianHe Wanßao call our Hotline 749-2577
      26 words
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      Page 33 Advertisements Column 3
      67 33 INSIDE VIETNAM What is life like for the ordinary folks in post-Saigon Vietnam? 1 What are their dreams and aspirations? How has the war affected them? These and more will be answered by reporter DAVE ANG and chief photographer PHILIP LIM, who recently visited Ho Chi Minh City In weekwider
      67 words
  • Page 33 Miscellaneous
    • Miscellaneous
      Page 33 Miscellaneous Column 1
      270 33 6 Demotion, for admitted by one of the 9 Wish to be employed doing embroidery (5-4) translate into Greek (4) 12 In litigation is dele- JHHfl—_Mß— terious (3) P4|Jlsj j 13 Beauty queen must feel ~L_J— "■■"'j for the secular BL. 17 Set out to feature Maggie's |^""■■""TH predecessor (7)
      270 words
    • Miscellaneous
      Page 33 Miscellaneous Column 2
      159 33 Singapore Outlook: Fair. Report: Maximum temperature 31.5 Assoc humidity 59% Minimum temperature 24.2 Assoc humidity 94% Hours of sunshine 10.55 Rainfall in mm Nil Rainfall this month 2.1 Rainy days this month I World forecast Asia-Pacific Hi/Lo* Cond. Auckland 22/18 Showers Bangkok 33/21 Sunny Beijing 03/-7 Goudy Brunei 31/25 Fair
      159 words
    • Miscellaneous
      Page 33 Miscellaneous Column 3
      21 33 >I»WA f /I'm Trn/inG ft SPOT OF Y /ljvw on I vouwe my vsexf J PQ>NG BR'STOIQPj NCCNTgPTT\QM IVIHIH4 IttNMap to
      21 words
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  • Article
    Lock icon C'wealth divided over control of Black Sea fleet
    454 34 Officers refuse to serve under Ukrainian flag Agencies MOSCOW The Commonwealth of Independent States was divided yesterday over control of the powerful Black Sea fleet whose top officers refuse to serve under the Ukrainian flag. The officers are defying a call by
    Agencies  -  454 words
  • Article
    Lock icon Australia's Reserve Bank cuts interest rates to 7.5pc
    241 34 AFP SYDNEY Australia's Reserve Bank ended weeks of speculation yesterday by announcing a one percentage point cut in official interest rates to 7.5 per cent. The cut had been widely tipped as a first step in a comprehensive programme by the new
    AFP  -  241 words
  • Article
    Lock icon Taipei lowers discount rate and reserve ratios
    108 34 AFP TAIPEI Taiwan's Central Bank of China (CBC) yesterday cut its discount rate and deposit-reserve ratios in a bid to narrow interest rate differentials with those overseas and stem the rise of the island's currency. The fifth cut in six months would be
    AFP  -  108 words
  • Article
    Contract given to brother-in-law of Kitingan, court told
    503 34  -  Kitingan trial From Leslie Lopez in KOTA KINABALU A STAR witness in the corruption trial of Sabah Chief Minister Datuk Seri Joseph Pairin Kitingan told the High Court yesterday he had been directed to award a MSI.S million (*****.000) building contract to
    503 words
  • Article
    Lock icon Thai banks expected to lower lending rates
    119 34 AFP BANGKOK Thailand's leading commercial banks are expected to lower their lending rates on Jan 13 and the government is expected to scrap the 19 per cent interest rate ceiling on loans, bankers said on Wednesday. The Bank of Thailand was given the
    AFP  -  119 words
  • Article
    Lock icon Arab delegates returning to US for peace talks
    195 34 Agencies NICOSIA Arab delegates are returning to the US for a second round of direct peace talks with Israel following American support on a strong UN Security Council resolution condemning Israel's plans to deport 12 Palestinian activists from the occupied territories. The
    Agencies  -  195 words
  • Article, Illustration
    Private sector firms in S'pore need help
    856 34  -  The Bottom Line MANO SABNANI MANO SABNANI The writer is Editor of BT. This comment appears in the January issue o/Singapore Business. IN A FREE market economy, good management is the key to success for companies, whatever their areas of business. Not only
    856 words
  • Article
    Asean plan to control haze, chemicals
    300 34  -  By Genevieve Cua SINGAPORE A regional plan for the control of hazardous chemicals, an emergency response plan to prevent and control haze: these arc some of the recommendations of the Asean Working Group on Transboundary Pollution. The group's three-day meeting, chaired by Singapore, also
    300 words
  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      120 34 The World's Finest Photographic System IMikon Price Specials See SBC Text Ch. 8 Pg. 188 (3 pages) Russia applies to join IMF and World Bank, Pg 12 US to host conference on aid for former Soviet republics, Pg 12 msm Only 4 WtCATOn rm»*XJ«CLASS* Lucfc> PWaf* 7W24JWI «V(*rfl i*MSJ7/7l««( MiniM
      120 words
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      Page 34 Advertisements Column 2
      103 34 The World's Finest Photographic System Nikon Price Specials See SBC Text Ch. 8 Pg. 188 (3 pages) Frustrated by your emotional your profitable trades? Top traders agree that successful trading is 80% psychology and 20% methodology. Both professionals and part-time traders will benefit in this workshop!! Hyatt Regency Hotel 23-24
      103 words
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  • Shipping Times
    • Article
      S'pore to spend $4m to improve air, sea safety
      458 35  -  By Rahita Elias SINGAPORE The government is to spend over $4 million to enhance air and sea safety as well as facilitate quick response to ships and aeroplanes in distress. The Marine Department and the Civil Aviation Authority of Singapore will
      458 words
    • Article, Illustration
      Satellites the key to modern rescue operations
      290 35 SINGAPORE Nearly 40 maritime search and rescue (SAR) operations, which saved 260 people, were carried out in 1990, according to the Marine Department's 1990 annual report. Among those rescued were 21 crewmen from the Kara, who were winched up from the sinking vessel
      290 words
    • Article
      INDEX TO ADVERTISERS
      870 35 Page Col ABC Containeriine 12 I Accord Group 8 1-3 APL 5 3-5 APC Line 13 5 Arrow Inter 9 4 ASCL 5 9 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 10 1 Bangladesh Shpg 8 5 The Bank Line
      870 words
    • Article
      Lock icon Fijian airline seeking legal action against Aussie union
      288 35 AFP SUVA Fiji's national airline Air Pacific is to seek a court injunction restraining the Transport Workers Union (TWU) of Australia from disrupting its services, the government announced here yesterday. The move was decided at an emergency meeting of the government's special
      AFP  -  288 words
    • Article
      Lock icon Decision to award rail deal to Tokyo firm sparks protest
      309 35 AFP LOS ANGELES Los Angeles County's decision to award a Japanese firm a contract to build railway cars for the city of Los Angeles, despite a lower bid by an American company, has sparked protectionism-tinged protests. The City Council has
      AFP  -  309 words
    • NEWS SUMMARY
      • Article
        Air transport industry loses steam
        54 35 1991 certainly will not stand out as a highlight in the history of air transport. Not only is Swissair doing badly, but lata carriers worldwide will also show a loss of well over 2.000 million francs (552.400 million). A look at how the industry fared
        54 words
      • Article
        Ford to make right hand-drive cars
        44 35 FORD MOTOR Co, in a move intended to increase the appeal of its vehicles to the Japanese, said on Tuesday that it would begin building right-hand-drive Ford Probe sporty coupes for export to Japan and Britain Back Page
        44 words
      • Article
        Financing to set up Orion system arranged
        40 35 A CONSORTIUM of international companies including British Aerospace has completed the USSSOO million financing to establish an international private satellite system in competition to those owned by the world's telephone companies Back Page
        40 words
      • Article
        Delay in McDonnell's sale to Taipei firm
        42 35 McDonnell douglas Corp said the closing of its deal to sell 40 per cent of its commercial aircraft business to Taiwan Aerospace Corp would be delayed beyond its target date of Jan 31 Back Page
        42 words
    • LOG BOOK
      • Article
        Sailors aboard Columbus flotilla jump ship
        74 36 SAN JUAN, Puerto Rico Twenty-two unhappy sailors aboard replicas of Christopher Columbus' Spanish galleons jumped ship on Tuesday to protest against what one described as "human relations" problems. The Spaniards stayed ashore when their ships 500 th anniversary replicas of the Nina, Pinta and
        74 words
      • Article
        Asea sells shipping subsidiary
        92 36 STOCKHOLM Swedish engineering group Asea AB said Sweden's AB Shipinvest had exercised an option to buy all of Asea's wholly-owned shipping company Brostroms Rederi AB. The two companies entered the option agreement in December last year. Asea said the price, which it did not disclose, had
        92 words
      • Article
        Chinese satellite lost in space?
        55 36 HONGKONG Problems encountered soon after launch have left a Chinese telecommunications satellite stranded in space, a satellite expert said yesterday. The launch problem, the second such mishap with a Long March 3 rocket, occurred when the third stage of the rocket malfunctioned, the official Chinese
        55 words
      • Article
        Mitsubishi Oil denies project
        66 36 TOKYO Mitsubishi Oil Co Ltd denied a news report that it has agreed to start developing liquefied natural gas (LNG) in Papua New Guinea as part of an international consortium. Japan's main business daily, Nihon Keizai Shimbun, reported on Sunday that Mitsubishi Oil had reached a
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      • Article
        Oil shortages hits transport
        91 36 LONDON Fuel shortages forced buses in the Latvian capital Riga to run a minimal service on Tuesday, operating only in the peak period, according to a BBC-monitored report on Latvian radio. Oil enterprises in the republic had warned that "due to the total lack of fuel,
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      • Article
        Unisys gets US$45m Subaru deal
        61 36 Cherry hill, New Jersey Subaru of America awarded a US$45 million contract to Unisys Corp on Tuesday to provide a computer system at the auto company's regional data centre in Pennsauken, New Jersey. Under the proposed management contract, Unisys, headquartered in Blue Bell, Montgomery county,
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      • Article
        Aircraft loses engine
        30 36 GRAPEVINE, Texas An engine fell off a Delta Air Lines jetliner on Tuesday shortly after taking off with 44 people aboard, authorities said. No injuries were reported.
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    • Article
      DAILY FREIGHTS
      905 36 LACK of activity continued to depress freight rates in the dry cargo market on Tuesday, brokers said. The Baltic Freight Index dropped three points to 1,476 with the Atlantic routes shedding some of Monday's gains. Some minerals routes that fell on Monday recouped some ground. The SS&Y Atlantic
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    • Article, Illustration
      Lock icon Industry loses its steam
      1518 36 At least for the time being, unbroken growth in air transport is a thing of the past. A look at how the industry fared last year International Transport Journal 1991 certainly will not stand out as a highlight in the history of air transport. Not only
      International Transport Journal  -  1,518 words
    • Article
      COCKETT BUNKER MARKET REPORT
      856 36 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
      856 words
    • Article
      THE SHIPPING GUIDE
      6040 44 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      6,040 words
    • Article
      SHIPPING AGENTS
      3329 49 Abc Containeriine NV: Belsin Shpg Agencies Pte Ud (SyMarine Handling Sdn Bhd (PK/PN). Aecord Gronp: Accord Shpg Pte Ud (SVAccord Contr Line (PK/PN) Adkris Bnsiness Corporation Philippine Caisourct Shpg Trdg Pte Ud (S) \hrenkiei liner Service Kim Shpg A Trdg(S). Alkntros Sen-Air Service Frata Shpg Pte Ltd (S).
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    • Article
      COURIER SERVICES
      258 49 Abacus Couriers Td: 545-8011. Fax: *****98 Air Express I ravel Td: 533-5771. Fax: *****44 Airborne Freight Corporation Td: 542-8844 Fax: *****16. *****80. Airswift Worldwide Courier Td: 278-0188 Fax: *****83. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Td: 344-3377. Fax: *****50. Cluster Link Supplies A
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    • Article
      AIR FORWARDERS
      1532 49 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax. *****20. Aeroiink Freight International Td: 545-8031 Fax: *****05. Aerosoeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06 Air Express International Td. 542-7666. Fax: *****74, *****50 Air
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    • Article
      PORT CONDITIONS
      3265 50 ARGENTINA Labour working normally. Buenos Aires: Port busy; no congestion except for vessels requiring deep draft berths; approximately 24 hours awaiting berth for these vessels. The new gantry crane on the north side of Basin D has been completed and is expected to start operating next week. In
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      AIR FREIGHT SCHEDULE
      561 50 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK SI A SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
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    • Article
      SHIP SALES & TANKER RATES
      926 50 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Arisen: 135,748 dwt and built Sept 1974 Kawasaki Kobe, best offers invited. Mercedes Envoy: 75,450 dwt and built Nov 1976 Cockerill, on offer for US$l3 million. Nusmas: 71,694 dwt and built Oct 1970 Nippon Kokan, on offer in excess of US$6.5
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    • Article
      CRUISE & FERRY SCHEDULES
      761 50 CRUISE FERRY SCHEDULES An Dtp N ume of Vend ETA ETD Pom of Cilh Port Ayrt -J25 JAN 09 09 Orient Sun 1000 1800 Sin-Jakarta Sembawang Johnson 11 II Shangri-La Worid 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 12 12 Ocean Pearl 0800 1700 Sin-Spice Island Borneo Shipping 12 12 Royal Pacific
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    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        618 51 Voy No 8erth Vnyil Oepartue imi Voy Wo Birth Kwlnl Depirtirt Marina Terminal 1 Catamarca 2 38EB S03 0901/2130 1101/0800 Batam Ba fu BUS MM ,inn~H. M01/7300 14 501 0801/1300 08 01/1530 Batam feu w 21 J2 M O 0500 Huan hua( > uan 1/92 S02 08.01/1430
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      • Article
        IN MALAYSIAN PORTS
        217 51 Johori Port Berth: 1; Million No 3; 2: Geniki; 3; ml; 4; ml; 5; Sea Diamond; 6; Urn Moral. Oi jetty: Chariotventure L. DC J, Blue Sea. Due/on Jan S: Botany Triton, Ocean Power. Sri Nam Hua No 2, Central. Wan Hai 201, Equator Jewel. Dua on
        217 words
      • Article
        CONTAINER SCHEDULE
        875 51 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booknt/Babnce Rstts Ship Voy No Etb/Btr Period From To From Ace Concord 24E 12/0400 3 09/0700 09/1159 09/1400 4 09/1200 09/1459 09/1700 ACX Lily 19A 11/0700 1 08/1500 08/1659 08/1900 4 09/1200 09/1459 09/1700 ACX Lotus 20 10/1600 3
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    • Article
      Lock icon Closing of McDonnell sale to Taiwan Aerospace to be delayed
      233 52 NYT LOS ANGELES McDonnell Douglas Corp said on Tuesday that the closing of its deal to sell 40 per cent of its commercial aircraft business to Taiwan Aerospace Corp would be delayed beyond its target date of Jan 31. Michael
      NYT  -  233 words
    • Article
      Lock icon Ford to make right-hand-drive cars for export to Japan, UK
      429 52 NYT DETROIT Ford Motor Co, in a move intended to increase the appeal of its vehicles to the Japanese, said on Tuesday that it would begin building right-hand-drive Ford Probe sporty coupes for export to Japan and Britain. This will
      NYT  -  429 words
    • Article
      Lock icon Group completes financing for Orion system
      361 52 FT LONDON A consortium of international companies including British Aerospace on Tuesday completed the US$5OO million (SsBll million) financing to establish an international private satellite system in competition to those owned by the world's telephone companies. The Orion system, to be launched in 1995,
      FT  -  361 words
  • Page 35 Advertisements
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      25 35 Lines and services represented by Members of the Registry el Accredited Shipping Agents, Singapore MatJonai SMpping Assodatkm. /•or advertising enquiries, contact Shipping limes lei 740-20*9/740-2090.
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      Page 35 Advertisements Column 2
      614 35 toe FAMOUS oP n Cq AJSffUUA/ ■■Mlllgl* 224 1833 For more information please refer to Pg. 13 «pmii 111 11 mm MARITIME TECHNOLOGY: I GLOBAL CHANGE AND RESPONSE I SingaPort 92 I INTERNATIONAL MARITIME he SingaPort '92 International Maritime Exhibition and Conference is organised by I EXHIBITION AND I the
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      Page 35 Advertisements Column 3
      55 35 Air Forwarders 15 Air Fright Schedule 16 Cockett Report 2 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily Freights 2 Indei to Advertisers 1 Port Condrtions 16 Shipping Agents 15 Shippwg Guide 10,11 Shipsales Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Transport Diary 3
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      92 36 APPOINTMENT OPERATIONS MANAGER I We are urgently looking for a manager to head our H post-fixture department to cope with our expanding H shipbroking activities. I Applicants for the post should have some years of I experience in the tanker trade at sea and on shore. I Practical experience in
      92 words
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      2145 37 OOCL (8) PTE LTD JAROINE SHIPPING AGENCIEB *****11 FAX: *****09 AllVlr BOOKINGS TEL: *****234 *****58 ■IIIIM H. TERMINAL/CFS TEL: *****218 220 I DOCOJ H PESAKA JAROINE BHIPPINQ AGENCIES SON. BHD. LVCCf J Fe PORT KELANG TEL: *****18 FAX: *****91 *****88 Sy PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 ■WVUHBi
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      Page 37 Advertisements Column 2
      1711 37 TRANSPORT DIARY eb 21-24: Air Traffic Services in the 21st Century 4th ymposium. jointly organised by Civil Aviation Authority of ingapore. Federal Aviation Administration, USA, Departlent of Civil Aviation, France and State Institute for Air lavigation. USSR at the Raffles City Convention Centre. For irther information please contact Singapore Aviation
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      Page 37 Advertisements Column 3
      1483 37 TWO SAILINGS TO USA MAJESTIC MAERSK V 9202 ETA SIN 14/1/92 SEALAND EXPRESS 168E ETA SIN 13/1/92 Vessel Voy ETA I ETO Feeder by 1 DESTINATIONS Work) Lynx/ Johanna lo This week Majestic Maersk 9202 CV 14/1 0800 HRS Port MM MHI CFS 13/1 2359 HRS Kelang Penang OAK LGB
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      1369 38 ROTTEDAM/j VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE LA SEINE 22/101 9/1 1/2 28/1 27/1 ■■■if HOECHST EXPRESS 01/301 12/1 29/1 31/1 3/2 4/2 KAQA 22/102 18/1 10/2 6/2 5/2 HANNOVER EXPRESS 06/302 20/1 5/2 7/2 10/2 11/2 1- Ml HjOBNP KURAMA 14/103 23/1 15/2 11/2 10/2 PORT
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      Page 38 Advertisements Column 2
      752 38 BEABPAC SERVICE DIRECT SOUTH PACFIC SERVICE SIN NOU SUV PPT U BONTANQ 3106 EB 25-26/01 10/02 13/02 18/02 IMPERIAL 3202 EB 23-28/02 12/03 15/03 21/03 Transit Tim# (13) (16) (22) ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA, PAGO PAGO. APIA. NUKUALOFA. P. VILA FASTEST SERVICE TO CWLE/PERU SIN 100 ANF
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      Page 38 Advertisements Column 3
      1520 38 I ragQ»a«fl MM REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOV SM ALG BCL HAM BRE ROT ANT FEL LHA («U (VIA (VU ALG) MM) ROT) NORASIA MUBARAK 9144-3 12/01 03/02 05/02 09/02 11/02 U/02 13 02 12/02 13/02 NORASIA AL MANSOORAH 9145-3 21/01 12/02 14/02 17/02 19/02 11/02
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      1935 39 O STRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 Sanford Building Singapore 0208 Tel: *****88 Fat: *****17 ACCEPTS DUE SAIS SPORE B'KOK CMGO PEGASUS PROGRESS V 700N 14-15 lAN la 19 lAN STRAITS STAR VOIE Mujri Skan, I»» M lan 13 lan MGENUTY V.IMN 10-11 lAN 13-14 lAN lAJAH
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      Page 39 Advertisements Column 2
      2156 39 W- SINGAPORE AGENT: f|£k|<o P&O Containers (Singapore Agencies) Pte Ltd X iXVy V>UllictlllvlO 15 Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 Tel: 225 2233 Tele* RS ***** PNOCSP Fax 225 5327/222 7517 W CR No **********0Z EXPORT IMPORT VEtllL VOV pFWO *PKQ UH ALQ SOU AWT HOT
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      Page 40 Advertisements Column 1
      417 40 CR NBR **********0-D EXPRESS SEMI-CONTAINEBSNIP SERVICE TO EUROPE PRE LUNAR NEW YEAR LOADER VSL/VOT ISTOH ROUI/MMM HfIURG BREMEN MIIHW KUTM/24M 13/1 14/2 11/2 23/2 21/2 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO SubjNt to Inducement. Atao accepting cargo to CtuMtnc*, Port Satd. Port Alexandria, Oonoa, Triooto. ALSO ACCEPTMG BOTH CONTAINERS.
      417 words
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      Page 40 Advertisements Column 2
      1340 40 HANJIN SHIPPING FDR VSL |SM I IME HAU LGB OAK FW *SL J UNE HAUL SAV IM NTC HAIUN KWANGYANG OWE 13/1 H. LEMAWE Olff 3/2 6/2 HMUN KWANGYANG OME 13/1 M. PROPITIOUS 02* 20/2 21/2 23/2 HAIUN OAKLAND OMf 20/1 I DBKCT 10/2 13/2 HAIUN KURSAN 07* 20/1 K
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      Page 40 Advertisements Column 3
      1176 40 d -frl "TJJTfc InstrwcntiuwicTosiniSßnouiMiit lIRLM MnnriKnDcan I S2L?2?lm ,M iJ! 1M "'J 2'J nn M/ 1 s/l H/x mnn n 2 nn 1/3 4/3 VJ O/J O/J U/J M I/« i/« I I 2' 5' M/i i /f 1/2 14/1 nn 1/1 14/3 3 l^ 3 >J/ 3 >V 3
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      1928 41 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****44/*****14 jWj&r FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 CPyL I UK/EUROPE SERVICE *****89 IMPORT CFS MB2: *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 *****53/*****50 iffii nepline son
      1,928 words
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      Page 41 Advertisements Column 2
      1000 41 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOWO-qSCHMONG WESTBOUND-LOAOW6 TTWCSWED VW ROTTHPH* 5! c m [ft |tt im [>m iq
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      1602 42 K* 4 W JT AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W W TEL *****77 TELEX: KAWAKIRS23I6S FAX *****07/^9 M MALAYSIA: *K' UNE MARITIME (MALAYSIA) SON BHD 1 ASt MmJ A B TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 111 HI mm KAWASAKI KISEN KAISHA,
      1,602 words
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      Page 42 Advertisements Column 2
      1085 42 PHILI-ORKNT UN€5 PT€ LTD 4^ Y 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 &/Q BY AIR, LAND OR SEA.... JfflV WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION lil- r '-wmuwb-i 09 JAN SYDNEY. MELBOURNE. BRISBANE,
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      1096 43 pacific international lines (pte> ltd JW M■■ PIL Building, 140 Cecil Street #0300. Singapore 0106. CR NO: **********QE IJAKAffTA —I IftANSKOK JKT a"ozi»TMv IS! SI W1 BUNQA TERATAI 023 12/1 14/1 19/1 KOTA SIIRIA KSR2O2 12/1 1»/1 It/1 031 W1 It/1 21/1 PCQABUB PROGRESS 700N 14/1 17/1 21/1 MA# MN
      1,096 words
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      Page 43 Advertisements Column 2
      1214 43 Eacßen9 1" CLASS CONKINER TRANSPORT FEEDER VESSEL PENANG P KELANG OCEAN VSL/VQY SIN SOU (1) RTM (2) HAM (3) GOT (4)' ANSON/TBN 17/J 18/J NIHON 2022 2VM 7/2 9/2 10/2 12/2 ANSON/TBN 24/1 25/1 BENARTY 2032 28/J 14/2 16/2 17/2 19/2 ANSON/TBN 31/1 1/2 ALSIA 2042 4/2 21/2 23/2 24/2
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      Page 43 Advertisements Column 3
      487 43 MYANMA wttk FIVE STAR UNE (Myanmar National Lina) Loading for Yangon (Rangoon) S port P.KIf Pen P Gd| ME*GUI VIUN In ft 15/U)* MYOMA TWA VI 3<W Sid SW In Pt LOW AW VI SOW 7/9 Jan PAGAN VI7WI 14/18 lan HPA AN VI72W JB/31 l«n PAGAN VI79W 8/8 Feb
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      541 44 STRAITS/ JAPAN/ STRAITS SERVICE LOftDINC FOR KUANTAN/ SENBOKU/TOKYO SEKI NAGOYA V 74 ETA SPORE 13/1/92 LOADING FOR CALCUTTA SEKI AKEISHI V 69 ETA SPORE 26/1 ETA PK 28/1 LOADING FOR YOKO/NACOYA/OSAKA SONBAI VlO ETA SPORE 26/1 ETA PK 28/1 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK PL
      541 words
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      Page 44 Advertisements Column 2
      68 44 IS pore P Kelang Loading for I ■nips 10/1 13/1 Rdm/Atw/UK/Nantes ■iRO 20/1 24/1 Rdm/Atw/UK/Nantes/Valencia [Spore Loading for I MgLOBAL STAR 20/1 Jeddah/Aqaba I SUN 20/1 Dubai/Dammam/Kuwait I S pore Loading for ■pan LBERTY Los Angeles/New Orleans/ I Charleston/Norfolk/Camden I ■pan EXPRESS Los Angeles, New Orleans/ I Charleston/Norfolk/Camden I •Loads
      68 words
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      Page 44 Advertisements Column 3
      93 44 /JMkxssxf} 800 Australia <S New Zealand Weakly LCL Consolidation CARGOFLO Singapore-Australia Fremantle Adelaide Melbourne Sydney Brisbane f Singapore-New Zealand f Auckland Wellington Lyttleton J New Plymouth Napier Christchurch w 3^— fiUKiiii ii Te*****4788 V 4/ mMm Fax: *****83 //"Iff USA 16/01/92 f HONGKONG EUROPE 12/01/92 y/ BANGKOK y/ NVOCC /Pr
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      966 45 A total approach to transportation NEDLLOYD 1992 Jht pK J,, |%ap Auckland Fiji(A) N-Ptymouth(A) fnuru Lyttcttan(B) ou*<Sn(B) Napier Weington(C) Tauranga mm vessel pklano penano occam vessel mn le mavreu) r-oaakd m-suro<2) ■■havin f-stowe s-mampton gsurq N Rouen/9!325# 13/1 16/1 15/1 15/1 17/1 20/1 3/2 19/2 5/2 8/2 8/2 8/2 9/2
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      Page 46 Advertisements Column 1
      782 46 TO AUSTRALIA/NEW ZEALAND pa [5! Fruit IMb |Sy4 PCS I NPE |P CHALM C VtROtIC 214 1/1 1«/1 21/1 21/1 31/1 1 Til aatw*** 2»s 57i ToTi TsTi TiTi mTT" "JiTi MARTHA i m 2s7S 2A3 775" 10/1 1«,'3 Ti7s ELLEN HUUG 217 9/3 17/3 21/3 2J/3 31/3 37* TO
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      Page 46 Advertisements Column 2
      850 46 EXPORTS TO HONGKONG. TAINAN. MANILA I JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUND VOY m PEN IKT ISMI MM HKG KAO KEE TYO SMZ NGO KOB jfvESStl VOY [SM |PKL PEN BLW SM AOLOnn 208 *5 1 *3 1 7 1 10 1 14 1 16 1 21 1 22
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      Page 46 Advertisements Column 3
      257 46 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ET« ET« ETA SfOtf POUT KELANG PENANG BLUE IMX 15/1/12 Loading for Watt HUVAI HUDHU 25/1/92 Loading tor Calcutta DafHW 15/1/92 Loading For Male PIONEER SUPREME SAILED Loading Fof Male OONAKULIO 11/1/92 Loaded For Felrararu PROGRESS LKRTY SAILED Loading lor Yangon PIONEER
      257 words
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      Page 46 Advertisements Column 4
      1661 46 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MALAYSIA S AGENTS SINGAPORE'S GENERAL AGENTS NXMESUS AfiEHTS: CHUNG CHIAO BHD COSTAR SHIPPING PTE LTD PT. GLOBAL PUTRA P KLANG TEL 3MIIM/I TLX MA ***** TEL: *****00/22(1133 INDONESIA MARITIME PENAIT TEL *****1 TU MA ***** TELEX: RS *****/1 COSHP *T TEL: (Q2l)*lW7,
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      619 47 ig FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 24 LINES) LIMASSOL/PREAUS 12/1 ROTTERDAM 12/1 HAIFA/ASHDOD/ALEXANDRIA 12/1 HAMBURG/BREMEN 12/1 MARSEILLE/FRANCE 1271 FELIXSTOWE/UK 12/1 BARCELONA/SPAIN 1271 LEHAVRE/ANTWERP 12/1 GENOA/ITALY 12/1 GOTHENBURG/SCANDINAVIA 12/1 LOS ANGELES/WC/PI 12/1 SYDNEY/MELBOURNE 11/1 HEW YORK/EC 12/1 FREMANTLE 16/1 VANCOUVER 12/1
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      Page 47 Advertisements Column 2
      930 47 W RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Uhm) m FAX: *****19/*****03 Pg| TELEX: RS ***** RIBHIP (3 UnM) |QE\ ETHIOPIAN MR iSS r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOV ETA TLOAoiJjQ^oS SPOBC ABBA* MN2 31WB 15/02 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA AMCHNET 27W8
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      Page 47 Advertisements Column 3
      829 47 I JAKARTA BANGKOK OKA BHUM 12SS 11/01 14/01 THAHA BHUM'»» 04W fn 10/01 Tut 14/01 KITI BHUM US 15/01 11/01 SWI BHUM# <gjj fri 10/01 Tm 14/01 AM BHUM 12SS LL° l 1 01 NAMT* BWM 73N Sm 12 01 W«d 15/01 KITI BHUM 17S 22_01 2VQI THMK BMl*## 05M
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      1443 48 r n rii nnn r rmirrirritiiniaai gu nfinrnanniMl—M——imnwrn STORE MPORT: *****02 j PENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 f P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 UK/SC AN/MED PORTS COLOMBO®. AFRICA pc N PK o* "N SIN ~V, Colombo
      1,443 words
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      Page 48 Advertisements Column 2
      388 48 BLUE STAR LINE TO FROM D/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN NPI AKL l*T SIN MANOAMA V 0512 16/1 2S/1 VIA NPI 30/1 IC/2 PftEMU ISS 24/1 5/2 VIA NPI 7/2 24/2 MUIBCRA 25S 7/2 U/2 VIA NPI 21/2 »/3 FULLY CONTAINERISED
      388 words
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      Page 48 Advertisements Column 3
      1085 48 THONG SOON LINES PTE. LTD. Mfi 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO WSmSSSSSESS contains SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL |VOT [ETA ToEST VESSEL VOT SPOKE f. RELAX KIM
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      29 51 "T?X v-l-' Chartpoint, lift .5 W.. r Isf :W .k>%!S. .ss£ 5 «V- .N.»•. a guide to investing in i the Stock Market. f.. f'■-""-<?? Every Saturday in Times
      29 words
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      Page 51 Advertisements Column 2
      303 51 STAGER FREIGHT SERVICES PTE LTD TEL' 273-3838 FAX: 274-1100 PK 03-*****60 PEK 04-*****2 JKT: 21-*****1» 38V: 31-*****0 SIN LH/PAR FFURT/MANNHEIM IRUN/MADRID PORTO ATHENS/PIR STUTTGART VALENCIA USBON THESSALONIKI 12/1/92 1/2/92 5/2/92 5/2/92 6/2/92 7/2/92 19/1/92 7/2/92 11/2/92 11/2/92 12/2/92 12/2/92 26/1/92 14/2/92 18/1/92 18/2/92 19/2/92 20/2/92 2 2 92 2 2
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  • Page 51 Miscellaneous
    • Miscellaneous
      Page 51 Miscellaneous Column 1
      257 51 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOlft *****100 0200 0300 0400 0500 0600 0700 ***********************************0 *************************300 J? HH11H***************1 30 30 28 23 1 7 11 05 05 0.7 LI M fa i\ li ?J It !1 H 12 16 21 27 30 30 28 23 1' 1 1
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  • Page 52 Advertisements
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      Page 52 Advertisements Column 1
      1196 52 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARME CO. LTD. EABTBOUNP FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NOWTH-WEBT FKDtt HOT put P6D |aw UHE HXI *)Y KAO IBH 0M gA UK HAU. Wit TCM/gA PTI NAN m 201 N039 06/01 07/01 09/01 H. COMMMOOt 31E 17/01 03/02 6/02 07/02
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      Page 52 Advertisements Column 2
      742 52 CHARTPOINT Every Saturday in Business Times FREIGHT SERVICES PTE LTDQ Mm fl>hn«h»d Sine* IM4 We Sail The World For You REGULAR GROUPAGE LCL CONSOLIDATION SERVICES IMPORT EXPORT Oceania Port-of-Call Far East Port-of-Call Australia: Bangkok Sydney Hong Kong Melbourne Manila Fremantle Keelung New Zealand: m? 5 (Accepting all p Ke| anf
      742 words