The Business Times, 23 January 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Thursday, January 23, 1992 75*
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  • NEWS SUMMARY
    • 59 1 JERUSALEM The Israeli government, currently without a parliamentary majority, will face five no-confidence motions in Parliament next week, state radio reported yesterday. The measures would seek to bring down the right-wing Likud coalition because of its determination to expand settlements in the occupied
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    • 78 1 HONGKONG Hongkong legislators have asked that the colony's citizens be given some say in the selection of their next governor. Legislators yesterday rejected by 23-22 a proposal by liberals requesting that the new governor be committed to Hongkong "first and foremost" and to establishing
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    • 36 1 THE pay rise for blue-collar and clerical workers in Singapore may be slightly smaller this year but it remains a workers' market, according to a compensation survey by Hay Management Consultants Page 4
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    • 31 1 SOUTH-EAST ASIA was awarded top marks in a recent survey of top executives of 36 Fortune 500 companies from Japan, North America, Europe and Australia Page 10
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    • 30 1 THE Thai Cabinet has approved a proposed draft Bill on an anti-dumping and countervailing duty law designed to protect Thai industries from unfair competition and subsidies Page 10
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    • 32 1 JAPAN'S trade surplus at U5578.23 billion (SS 127.51 billion), the largest since 1987 and the third biggest ever, is expected to widen this year, say economists Page 11
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    • 31 1 LEO BURNETTs new managing director has formulated some tough strategic moves which he hopes will put the agency into the black within just 12 months Page 22
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    • 30 1 TWO major shipping companies have engaged the services of listed Jurong Shipyard for the routine repair and overhaul of their ships this year. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 40 1 LONDON shares were lower at midday yesterday, depressed by declines on Wall Street. At 1200 GMT, the FTSE 100Share Index was down 6.3 points, or 0.2 per cent, at 2,537.1. The Dow index was not available at press-time
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    • 42 1 HAW PAR Leisure Pte Ltd, the sports and recreation arm of the Haw Par group, has submitted the highest bid of 554.16 million in an HDB tender for a golf driving range in Toa Payoh Page 6
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    • 22 1 LIM TOW SENG, the founder of the Emporium Holdings Group, died last Sunday evening. He was 79 Page 6
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    • 28 1 THAILAND'S Telecom Asia Corp has picked Nynex Network Systems Co of the US as its partner in a big telephone network project Page 7
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    • 38 1 US COMPUTER company Wang Laboratories has reported a net loss of US$6.B million (SS 11.1 million) for the second quarter ended Dec 31, 1991, down from U5524.7 million for the same 1990 period Page 8
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 746.26 +0.64 Kuala Lumpur ....572.27 +1.70 Tokyo 21,534.12 +675.82 Hongkong 4,550.72 +28.51 Sydney —1,631.3 -12.5 Tuesday Change New York 3.223.39 -30.64 London 2,543.4 -1.5
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    • 21 1 USS SS 1.6310 100 Yen SS 1.3223 MS SS 0.6078 Money market rates Overnight 2 7/8 -1/2 3-month 3 unch
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    • 35 1 London Gold AM fix US$356.85 -US$0.50 Rubbor S'pore Feb.... 130.00Vkg -0.75 M'sia Feb 2l6.00Vk« unch KLTta Turnover 33 tonnes +1 Spot M$l4.33/Wg -0.01 Crgdo palm ol Turnover 724 lots +330 Feb M$914 /tonne +6
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  • 510 1  -  It is forging close links with two Chinese groups From Catherine Ong in SHEKOU, Shenzhen THE Sembawang Shipyard group is gearing up for a new thrust into south China's marine engineering and shiprepair industry amid signs of a pick-up in offshore oil
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  • 471 1  -  Fro* Schutz Lee in MEDAN THE PROVINCE of North Sumatra in Indonesia will have a 100-hectare free trade zone in its northern part by the end of the year. The free trade zone is part of a larger 447-hectare land
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  • 148 1 Reuter KUALA LUMPUR Malaysia's real gross domestic product expanded at an annual rate of 8.8 per cent in the third quarter of 1991 from a revised 8.4 per cent (previously 8.7 per cent) in the second quarter, the central bank, Bank Negara, said. Growth was
    Reuter  -  148 words
  • 306 1 Agencies NEW YORK The US Congressional Budget Office, in a report released late on Tuesday, predicted the economy would start a weak recovery by the middle of 1992 and warned lawmakers not to endanger this with radical policy changes before the November
    Agencies  -  306 words
  • 290 1  -  By Our Summit Team SINGAPORE Asean officials will meet after the Asean Summit to draw up a list of "sensitive" items to be excluded from a tariff-cut plan to turn Asean into a free trade area. A Singapore official said
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  • 205 1 Bernama KUALA LUMPUR The Malaysian ringgit yesterday surged 50 points to close at a two-and-a-half-year high against the US dollar on panic selling by exporters holding on to dollars. Dollar sales by corporations and a mixed dollar trend in overseas centres also spurred a
    Bernama; Source: Pont Data  -  205 words
  • Page 1 Advertisements
    • 156 1 Burbeppys j i I < Reigns when it pours i L_ M I Marketing 20 Money Changer Rates 33 World Stock Markets 30 Aircraft Schedule 33 Money Market 31 Commodities 32 Re®onal/Worid News 10 Company News 6-8 Regional Stock Markets 29 For market indices, editorial, Cryptic Crossword 33 SES 22-24
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    • 195 1 Imwlpml AR432 Adds an extra 5.7 yards jtfim39H unimmi Another premi#f im« from ROYAL SPORTING HOUSE pteud Ministers raring to go at all outstanding issues, Pg 2 Intra-regional trade can only grow so much, Afta all, Pg2 Moving into a free trade area may mean harsh adjustments: BG Lee, Pg
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  • FOURTH ASEAN SUMMIT
    • 546 2 Cooperation in security and trade among top-priority topics SINGAPORE Asean Ministers arrived in Singapore yesterday clearly determined to tie up matters still dangling from earlier meetings of their senior officials. Commented Malaysian Foreign Minister Abdullah Ahmad Badawi: "It's a meeting of friends.
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    • 317 2 CONVERTING sectors of the Asean economies from protection to competition will take time; and adjustments will be necessary and even difficult sometimes, says Deputy Prime Minister Lee Hsien Loong. Acknowledging the problems in moving the Asean economies into
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    • 979 2  -  For Asean economic cooperation to work, the realities must be embraced warts and all, argues Economics Correspondent Kenneth James Kenneth James SINGAPORE Former Malaysian Foreign Minister Ghazali Shafie has a telling phrase for Asean meetings that deteriorate into gabfests "graveyard of
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    • 662 2 Economic stability regional security Exclusive interview with President Corazon Aquino PRESIDENT Corazon Aquino views relations with Asean neighbours as the cornerstone of her administration's foreign policy. When she took the reins of government in February 1986, the first countries she visited were Indonesia and Singapore, breaking the Washing-ton-first tradition followed
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    • 350 2  -  Reports by Kenneth James, Loh Hui Yin,Al O Labita THE imminent US military withdrawal from the Philippines has raised the urgency of tackling the regional security issue during the fourth Asean summit in Singapore, says Philippine Foreign Affairs Secretary Raul Manglapus. "Regional security has
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  • Page 2 Advertisements

  • PAGE 3 NEWS
    • 513 3  -  Number of visitors hit 606,000 last year From Carolyn Lim in BATAM TOURISM is fast becoming a big-bucks earner for Batam. Last year, tourist arrivals to the Indonesian island south of Singapore jumped to 606,000 from 579,000 the previous year, and revenues rose 4.7 per
      Source: Batam Industrial Development Authority  -  513 words
    • 253 3 AP TAMPA, Florida Three people have been arrested in connection with a scheme to peddle US$l6 billion (Ss26 billion) in counterfeit Japanese government bonds, federal prosecutors said. "It was too much money to even fathom," US Assistant Attorney Gregory Kehoe said
      AP  -  253 words
    • 336 3 NYT NEW YORK Michael Milken and other former officials of Drexel Burnham Lambert Inc are negotiating a broad outline of a settlement of civil claims under which they would pay government and other claimants between US$BOO million (Ssl.3 billion) and US$9OO million, people involved in
      NYT  -  336 words
    • 233 3 Reuter BEIJING Cuts in Chinese interest rates designed to ease the debt burden of loss-incur-ring state industry have simply driven factories further into the red, economists told an official newspaper yesterday. "It is hard to say the cuts have brought home the
      Reuter  -  233 words
    • 461 3 News Analysis Reuter HONGKONG Chinese paramount leader Deng Xiaoping's surprise visit to the Shenzhen Special Economic Zone underlines Beijing's commitment to continuing economic reforms in spite of the current political clampdown, Hongkongbased analysts said yesterday. "If he lives another year or so, the 14th
      Reuter  -  461 words
  • Page 3 Advertisements
    • 217 3 CD j j ■hbb|k |K ma ■S=s? co aßi: Br CD g£= >. wm w m O -mti* I^J^l OJ j co j FUSION Feat u r s TECHNOLOGY Multi-function System Unit integrates CD player, AM/FM tuner and amplifier AND C/> j Nakamichi's Sound Space 7 system is an •CO
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • 79 4 THE new Malaysian High Commissioner, His Excellency Datuk Emam Mohd HanifF bin Emam Mohd Hussein, said his country will negotiate with Singapore on the Horsburgh Lighthouse issue, on which both Singapore and Malaysia have claimed ownership. Speaking on SBC News last night, he
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      • 72 4 FROM March 31, 1992, only drivers who have completed the training course organised by the Pollution Department, Port of Singapore Authority, and the Singapore Joint Civil Defence Force will be allowed to drive petroleum tankers or other vehicles carrying hazardous chemicals. Companies which transport such
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      • 82 4 AMREP Quality Management Centre and Juran Institute will jointly organise the Asia Pacific Conference on Quality (APCQ). It will be held in Kuala Lumpur from March 2-3, 1992, at the Shangri-La Hotel. The conference will be opened by the Malaysian Minister of International Trade and Industry, YB Dato
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      • 55 4 SINGAPORE Telecom has opened another postal agency at Jurong West. The Nanyang Estate postal agency is located at Block 963 Jurong West Street 91. It will be open from 9am to 9.30pm, Monday to Saturday. The newly-renovated Towner Post Office at Block 101 Towner Road
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    • 237 4 SINGAPORE'S biggest import from Malaysia in the first nine months of last year was telecommunications equipment, latest figures show. Singapore spent $2.9 billion buying such equipment from across the Causeway. Other large purchases from Malaysia included electrical machinery ($2.3 billion)
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    • 347 4  -  New computers cheaper but more powerful By Joseph Rajendran IBM Singapore has won $500,000 worth of orders from three small and medi-um-sized enterprises for its latest range of computers. The new computers, cheaper but more powerful versions of its existing workstations, were officially
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    • 224 4 SINGAPORE has been ranked 12th in the world in terms of telephone lines per head, according to a Financial Times report. According to the article, which quoted sources from the Organisation for Ecor nomic Co-operation and Development, Singapore has
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    • 335 4 CREDIT POSB, Singapore's biggest provider of housing loans, will cut its mortgage rates by 0.5 percentage point from Feb I. The move, which had been widely expected, comes after several local banks, led by DBS Bank, lowered their home mortgage
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    • 534 4  -  By Anna Teo THE pay rise for blue-collar and clerical workers, as for executives, may be slightly smaller this year but it remains a workers' market. Turnover rates, while lower last year than in 1990, remained within double-digit ranges, according to the latest
      534 words
    • 229 4 ANGLO-DUTCH Shell has become the first oil company in Singapore to receive an award from Lloyd's Register Quality Assurance for the efficiency of its quality-control system for lubricants. The award, ISO 9002, was officially presented to Shell yesterday by J C Mackay,
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  • Page 4 Advertisements
    • 685 4 Sanwa BankLimited^ INCORPORATED IN JAPAN .f Non-consolidated Balance Sheets Non-consolidated Statements of Income As at March 31, 1991 and 1990 For the years ended March 31, 1991 and 1990 *:r:. Milons of Yen""'" "v Millions of Y^p ~r "7.. w :vi99i ~7 ASSETS INCOME Cash and Due from Banks ¥11,253,254
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    • 109 4 ALCAN AUSTRALIA LTD USD 175,000.000 Transferable Loan Certificate Facility Agreement Dated 23rd December 1991 In accordance with clause 14 of the Terms and Conditions of the Transferable Loan Certificates (the "TLC's") notice is hereby given that the rate of interest in respect of an issue of USD 35.000,000 of TLC's
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    • 56 4 For Sale By International Tender <n not sou 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. i Tenders close 4.00 p.m., 28 Feboiary 1992.
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  • Page 5 Advertisements
    • 90 5 X. '-^bl^ Jjfc, Ss, s s I wo "5 <X O- ,J|;x 0 '4? $S§s% J ;2gf PICK UP MORE V AN AD IN THE YELLOW PAGES. Give your business a lift with an ad in the Yellow Pages, and 25,000 hotel rooms. 24 hours a day. 365 days a
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 67 6 SINGAPORE The international services and marketing group Inchcape pic has paid the Bricom group U5557.53 million (5593.8 million) for the latter's interest in the Spinneys group, in a move aimed at extending Inchcape's marketing operations in the Middle East. Inchcape said Bricom had guaranteed these
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      • 99 6 KUALA LUMPUR Replying to a query from the Kuala Lumpur Stock Exchange, Perlis Plantations Berhad (PPB) yesterday gave further details of its discussions with Bank Pembangunan Malaysia Berhad (BPMB) on Cathay Cinemas Sdn Bhd. PPB said Malaysian Internasional Merchant Bankers Bhd had earlier announced on its
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      • 56 6 KUALA LUMPUR Resorts World Bhd told the Kuala Lumpur Stock Exchange yesterday there were no corporate matters that required disclosure. The exchange had written to the company for information after an article headlined "Resorts World shares hit by talks of new tax" was published in the
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      • 35 6 KUALA LUMPUR Binaan Setegap Bhd said yesterday it had secured from Percon MTD Joint Venture a Msso million (5530.4 million) contract to carry out road work on the Kuala Lumpur-Seremban Expressway.
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      • 34 6 SINGAPORE Singapore Re said yesterday that in line with the provisions of the Continuing List Requirements, Ms Karthigesu Sasekala had been appointed company secretary with effect from Jan 1, 1992.
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      • 59 6 KUALA LUMPUR Malaysian Plantations Bhd, which has acquired a 91.2 per cent interest in Kota Inderapura Development Corp, plans to develop four parcels of KIDC land into a tourist resort. The four parcels of freehold agricultural land, in the Pekan district of Pahang, total 891 hectares
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      • 85 6 KUALA LUMPUR Amalgamated Steel Mills Bhd expects its plantations division to contribute significantly to turnover in the current financial year and become a core business. Managing director William Cheng said the plantations division was expected to contribute up to MS 10 million to group turnover this financial
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    • 197 6 Bernama SUBANG Saujana Resorts (M) Bhd has received approval for its proposed offer of 380 membership shares at the market price of M 575.000 (5545.585) each, managing director Abdul Halim Ahmad said yesterday. The Capital Issues Committee and Foreign Investment Committee had approved
      Bernama  -  197 words
    • 423 6  -  By Sylvia Wong SINGAPORE Haw Par Leisure Pte Ltd has submitted the highest bid in an HDB tender for a golf driving range at Toa Payoh. The company, which is the sports and recreation arm of the Haw Par group, bid
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    • 183 6 MBT KUALA LUMPUR The fast-growing Lion Group will soon have six publicly-listed companies under its command following the recent approval for the listing of Posim on the Kuala Lumpur Stock Exchange second board. Sources said that Posim's application for listing
      MBT  -  183 words
    • 324 6  -  By Carolyn Lim SINGAPORE Lim Tow Seng, the founder of the Emporium Holdings Group, passed away here last Sunday evening. He was 79. He left his hometown in Swatow in 1928 and sailed to Singapore, where he worked as an apprentice with an im-port-export firm. Ten
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    • 324 6 SINGAPORE Straits Steamship Land and DBS Land will start marketing their joint-venture commercial project along Cecil Street today, with rents of about $8 to $9 per sq ft per month. The building to be called The Quadrant will be completed in mid-1993
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    • 171 6 SINGAPORE MBf Holdings Bhd announced it is negotiating to acquire a 33 per cent stake in Malayan United Industries Bhd (MUI), confirming reports that speculated that the long-drawn tussle for control of MUI may soon be resolved. In a statement to
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    • 675 6  -  MARKET TALK By Leslie Lopez KUALA LUMPUR Spurred by gains on Wall Street and renewed interest in Singapore, the Kuala Lumpur Stock Exchange has shrugged off its shabby performance of 1991 to post some handsome gains in what some said could
      Source: Pont Data  -  675 words
    • 392 7  -  By A J Leow SINGAPORE Nynex Network Systems Co of the US has been chosen by Thailand's Telecom Asia Corp as a partner in a major telephone network to be installed by the Thai company in Bangkok. The deal was struck on
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    • 532 7 Their rates are below banks' short-term prime rates Reuter TOKYO Commercial paper (CP) has recently gained popularity as an effective way for Japanese companies to raise short-term funds. The shift has been encouraged by a decline in money market rates, which brought CP below banks'
      Reuter  -  532 words
    • COMPANY BRIEFS
      • 144 7 TOKYO The Tokyo Stock Exchange (TSE) suspended trading of shares of its second section-listed Ishihara Construction Co Ltd all day on Tuesday. An official said the suspension was made following a Nihon Keizai Shimbun report that Misawa Homes Co and its group of companies
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      • 101 7 TOKYO Japan's NEC Corp said it would put on the market in late-September a new line of supercomputers which it claimed would replace US Cray supercomputers as the world's fastest. The new SX-3 R series computers use one to four central processing units and have a computing
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      • 90 7 WELLINGTON New Zealand-based Fletcher Challenge Ltd (FCL) has signed a 10-year contract to supply chemical methanol to Nippon Steel Chemical Co and the Marubeni Corp. In a statement, FCL said the contract would eam a total of NZ$l billion (about SSBBS million). Under the deal FCL
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      • 122 7 DUBAI Brother International Corp, the Japanese manufacturer of business machines, sewing and knitting machines and home appliances, opened a regional warehouse and distribution centre on Tuesday at Dubai's Jebel Ali Free Zone. The Nagoya-based company is out to gain a larger share of the oil-rich region's
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    • 329 7 Reuter HONGKONG The placement of the first Shanghai "B" shares aimed at foreign investors has got off to a good start. Rolf Gerber, managing director at SBCI Finance Asia Ltd, said yesterday that its 320,000-share portion of the 800,000 shares issued by Shanghai
      Reuter  -  329 words
    • 355 7 JAKARTA The Singapore High Court reopened on Monday a 15-year legal battle between Pertamina and the heirs of Achmad Thaher, a former executive of the state oil firm Pertamina, over an US$BO million (S$ 130.4 million) estate, the Jakarta Post said in a
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    • 305 8  -  By Joseph Rajendran SINGAPORE US computer company Wang Laboratories yesterday reported a second-quarter operating profit of US$3.9 million (556.4 million) on revenue of U*****.9 million for the period to Dec 31, 1991. After deduction of interest and taxes, the company recorded a
      305 words
    • 326 8 Administrators hope to net £60m from business publishing unit Reuter LONDON Administrators running Maxwell Communication Corp pic (MCC), the publishing group once controlled by the late Robert Maxwell, began selling off its assets on Tuesday. Accountant Price Waterhouse said they hoped to net £60 million
      Reuter  -  326 words
    • 369 8 FT PARIS Source Perrier, the French mineral water and cheese company, on Tuesday vowed to fight against the 13.42 billion franc (554.05 billion) bid launched by Nestle, the Swiss food group, and Indosuez, the French bank. At the same time,
      FT  -  369 words
    • 392 8 NYT NEW YORK Texaco Inc, the first big oil company to announce fourth-quarter earnings, said on Tuesday that net income fell 16.5 per cent because of lower prices for crude oil and natural gas and weak demand for petrol, chemicals and other
      NYT  -  392 words
    • 407 8 Reuter LOS ANGELES, California Dennis Stanfill and Alan Ladd Jr, newly named as cochairmen and co-chief executive officers of MGM-Pathe Communications Co, are optimistic about MGM's future despite recent controversy and financial problems. Mr Stanfill said he is confident MGM-Pathe has sufficient assets to generate
      Reuter  -  407 words
  • Page 6 Advertisements
    • 144 6 H lflßgHbfl for a ASIAN km AEROSMGE'92 ASIAN AEROSRACE is considered BMjMIUMRIkJMyUyiB one of the worlds most important air shows. Three of our newspapers will be publishing a m rr* special feature in conjunction with this great The StmitsTillieS exhibition of airpower. February 24,1992 Readers will get to read about
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 223 8 I n June 1990, Goodrich Wallcoverings and Carpets Pte Ltd connected their phones with Singapore Telecom's International Toll-Free Service (ITFS). As a local wholesaler and distributor of wall coverings and carpets with a thriving market in Malaysia, the ITFS HOW m akes perfect sense. With this toll-free ONE WALLCOVERING service,
      223 words
    • 5 8 All-out water war? Pg 21
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  • FINANCIAL NEWS
    • 681 9 NEW YORK Citicorp, the US' biggest banking company, and two big California banks reported losses on Tuesday as the impact of a weak real estate market continued to be felt in the ailing industry. Citicorp said it lost US$457 million (*****.8 million)
      681 words
    • 591 9 Reuter TOKYO Since the end of World War 11, Japan has a record no other industrialised country can match no bank has ever gone bankrupt. But this record is going to end, analysts say. "There will probably be bank failures in the
      Reuter  -  591 words
    • 372 9  -  By Shoeb Kagda SINGAPORE Asia continues to be a significant contributor to Citibank's global business, with 1991 proving to be a record year for the bank in Asia. The US bank's operating profit for its Asian operations increased by 26 per cent
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    • SMALL CHANGE
      • 56 9 SINGAPORE The Association of Banks in Singapore said it has agreed to extend the waiver of charges from Feb 1 to June 30 for non-transferable cheques that are issued before Dec 31, 1991. The ABS said this is to allow these cheques to be cleared
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      • 90 9 SYDNEY Pont Data International Ltd, a Britain-based international screen information service, is in negotiations to be sold to an unnamed buyer, and an announcement will be made in the next few days, a spokeswoman said. She said talks have been held since late last week,
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      • 92 9 TOKYO Sanyo Securities Co announced plans yesterday to rescue Sanyo Finance Co, an affiliated non-bank financial institution facing financial difficulties. The second-tier stock brokerage said that under the plans, Nitto Tochi Tatemono Co, an affiliated real estate company, will merge with Sanyo Finance to form
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      • 106 9 FRANKFURT Foreign banks in Germany held a press conference on Tuesday to complain that they pay too much tax here. Capital is taxed regardless of the amount of their profits, resulting frequently in zero net earnings, making Frankfurt unattractive, even if the new European central
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      • 106 9 NEW YORK —Insurance regulators in New York announced a rescue plan on Tuesday for Executive Life Insurance Company of New York that should pay 100 US cents on the dollar to its 118,000 customers. But insurance professionals said that the plan would make it
        106 words
      • 90 9 LONDON Japan's Tokai Bank Ltd is expanding its London-based operations and said a new subsidiary called Tokai Bank Europe Ltd had been granted UK banking status by the Bank of England. Tokai set up the new unit to take over the business of Japan International
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  • Page 9 Advertisements
    • 203 9 International Toll-Free Service (ITFS) offers I Call-Free and Fax-Free facilities that can give I your international business a real winning advantage. I Just by con- YOU CAN SEE I necting Call-Free or I AND t !EAR I Fax-Free to your I THE OPPORTUNITIES phone or facsimile I AROUND I machine,
      203 words

  • THE REGION/THE WORLD
    • NOTE BOOK
      • 118 10 JAKARTA Indonesian state prosecutors are questioning at least 56 East Timorese in connection with an army massacre in the former Portuguese colony in November, a spokesman at the Attorney-General's Office said yesterday. He said the authorities were looking into the involvement of the East Timorese
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      • 68 10 JAKARTA Visiting Northern Territory Chief Minister Marshall Perron yesterday said that it is a must for Australia to continue expanding its ties with Indonesia if it wants to play a role in regional affairs. Speaking after meeting Indonesian President Suharto, he said the Indonesian leader
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      • 87 10 PHNOM PENH The head of the huge United Nations peace-keeping operation due to be launched in Cambodia said yesterday it is short of money needed to implement peace accords and raising more cash will not be easy. "It is true that we have a shortfall in
        87 words
      • 61 10 SHAH ALAM Vietnam is keen to import Malaysia's national car. Prime Minister Vo Van Kiet was quoted as having said during a visit to the Proton Saga factory here yesterday. Proton managing director Mitsuo Hattori said Mr Kiet would like to introduce the car to
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      • 61 10 MANILA The Philippine government yesterday lodged four more graft charges against Imelda Marcos a day after she filed her presidential candidacy in the May national elections. The government Ombudsman charged the widow of former president Ferdinand Marcos with violating anti-graft laws in connection with contracts for
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      • 73 10 BANGKOK The head of Myanmar's military junta, General Saw Maung, on Tuesday dismissed as "no problem" the tensions with his nation's Muslim minority but said all insurgencies must be crushed. His speech, broadcast by Myanmar state radio, follows the exodus of tens of thousands of Rohingyas (members
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    • 196 10 Reuter AUCKLAND Businesses in New Zealand are generally starting the new year with a greater sense of optimism than they were a year ago, according to a Dun Bradstreet survey of more than 300 executives. However, the results, while "quite encouraging", gave some
      Reuter  -  196 words
    • 516 10  -  Four main problems identified by foreign firms By Salil Tripathi SINGAPORE Lack of skilled labour and management, difficulty in retaining skilled staff, infrastructural problems and official bureaucracy are the four main obstacles to investment in South-east Asia, says an international management
      Source: AT Kearney  -  516 words
    • 229 10 AFP BEIJING The Chinese government has shelved all new projects for its car industry until 1995, in a bid to revitalise the sector and boost efficiency in the face of foreign competition, the China Daily said yesterday. Cai Shiqing,
      AFP  -  229 words
    • 286 10 FT LONDON The recession is exacting a toll on German manufacturing investment in Britain, which fell by almost half in the first six months of last year to about £470 million (about S$ 1.38 billion), according to figures published on Tuesday. The report, by
      FT  -  286 words
    • 240 10 Reuter JAKARTA Indonesia's tourism chief says the government does not plan to abolish its hefty exit tax which makes sure only those who can really afford it travel abroad. Indonesia, which charges its citizens 250,000 rupiah (Ss2o4) each time they leave
      Reuter  -  240 words
    • 30 10 KIEV Ukrainians queuing up at a bank on Tuesday to exchange roubles for coupons in anticipation of currency reform. The expected move has caused tension with Russia.
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    • 413 10 BANGKOK The Cabinet on Tuesday approved the Commerce Ministry's proposed draft bill on an antidumping and countervailing duty law designed to protect Thai industries from unfair competition and subsidies, reported The Nation. Commerce Minister Amaret Silaon said the draft legislation allowed the private
      413 words
    • 424 10 BANGKOK The Thai Cabinet yesterday granted the Commerce Ministry full authority to continue negotiations in the Uruguay Round of global trade talks using the 450-page draft agreement proposed by the head of the General Agreement on Tariffs and Trade (Gatt) as
      424 words
  • Page 10 Advertisements
    • 173 10 MASTER OF COMPUTING STUDIES Dealdn Uninversity, among the leaders in external studies courses in Australia will introduce this highly successful course in Singapore this year. The Master of Computing Studies provides grauates from disciplines other than Information Systems and Computer Science with the necessary Knowledge and skills to improve their
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    • 38 10 pp n v %9npM| -gP£i^HL. yjL A Skcdgrn *02-07. Oichard Emenld (Tefc 7)*****) "T*;* Peiivr Fioev* ff»BB (02 Centrcpoint (Td: ***** M) f **^H|B »C! Uang Court (Tefc *****52) GaJenes Lahyene Singapore S6go Jalaru «nd tdeacd reml outlett
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  • THE WORLD
    • 655 11 Factors behind 1991 surge expected to persist IHT TOKYO Japan's trade surplus which jumped 50 per cent in 1991 to U5578.23 billion (*****.51 billion) is expected to widen this year, economists say. They said the surplus, the largest since 1987 and the third
      IHT; Source: Morgan Guaranty Trust Co  -  655 words
    • 617 11 Reuter TOKYO Politics as much as economics is leading Japanese and US authorities to seek solace from their trade troubles in the arms of a stronger yen. The comfort could prove cold given the limited impact currency shifts are
      Reuter  -  617 words
    • 40 11 MIRKOVCI, Yugoslavia Two resolute Yugoslav army reservists guarding a checkpoint during a truce on Tuesday. They were among an undisclosed number of reservists mobilised at the weekend following ceasefire violations in the civil war.
      40 words
    • 404 11 Reuter WASHINGTON US Trade Representative Carla Hills has said election-year politics will not force a delay in negotiating a free trade agreement with Mexico. Some Democrats have argued that the Mexican free trade pact which President George Bush wants would cost
      Reuter  -  404 words
    • WORLD WATCH
      • 80 11 OTTAWA Financc Minister Don Mazankowski on Tuesday lowered his forecast of Canadian economic growth for 1992 to 2.7 per cent from 3.5 per cent, citing a sluggish world economy. The original estimate came when Mr Mazankowski presented the current Canadian budget, in February 1991.
        80 words
      • 82 11 SANTIAGO Chile said it was relaxing rules governing direct investment, making it easier for foreign investors to remit funds abroad. In a joint statement. Finance Minister Alejandro Foxley, Economy Minister Carlos Ominami and Labour Minister Rene Cortazar also announced rules for pension funds to invest abroad
        82 words
      • 54 11 BRUSSELS The six-nation Gulf Cooperation Council welcomes an EC offer to let in more petrochemicals imports under a planned free trade deal. "My first impression is that it's a good kicking-ofT point," GCC secretary-general Abdullah Bishara said. "The new set of proposals merits more
        54 words
      • 67 11 PARIS Senior Japanese economist Kumiharu Shigehara has been appointed chief economist of the 24-nation Organisation for Economic Cooperation and Development (OECD), according to OECD secretary-general Jean-Claude Paye. The choice of Mr Shigehara, currently director of the Bank of Japan's Institute for Monetary and Economic Studies, reflects
        67 words
  • Page 11 Advertisements
    • 146 11 IH aC'\/v m!■in »i r T H->o ,:<«> I Hp W* H the weekend. VjU i \fl Isfiß wjr %W: 100°/o COTTON DOCKERS® PANTS BY LEVI'S LEVI'S BOUTIQUES: #02 19 Centrepont Tel 73 62 501 #B1 64 Wisma Atria Tel 73 64 501 #0116 Lucky Plaza Tel 73 73 501
      146 words

  • 464 12 EDITORIAL THE US-CHINA agreement on copyright and patent protection was not only welcomed in both capitals for averting a costly trade war between the two countries but also drew a collective sigh of relief from businessmen in Hongkong who signalled their endorsement with a record surge
    464 words
  • WHAT THE OTHERS SAY
    • 271 12 THE Stock Exchange of Singapore, usually stoically silent when criticised, last week gave an uncharacteristic and spirited defence of several steps it had taken over the past year to enhance the integrity of the market and the accountability of participants whether as investors, listed
      271 words
    • 85 12 THOUGH MUSLIMS in Singapore contribute on the average $2 million annually to the Mosque Building Fund and Mendaki, the sum is still far from sufficient. As a result, many projects are being postponed or delayed. The recent formation of Muslim Charity Box is a welcome one. The Malay
      85 words
    • 115 12 IT IS a healthy phenomenon that our society can maintain upward mobility. The improvement of Singaporeans' housing conditions is a typical example. This proves that the middle class is expanding. Senior Minister Mr Lee Kuan Yew especially compliments the fact that there is no antagonism among the
      115 words
  • REGIONAL VIEWPOINTS
    • 176 12 ASEAN OFFICIALS have openly admitted that if not for intra-Asean tourism achievements, the slowdown in 1991 arrivals could have been worse. The potential for promoting intra-Asean travel is enormous. Those in the industry admit that the market for travel among the peoples of Asean has not been
      176 words
    • 189 12 HONGKONG continues to be one of the major cities in the world, with a crime rate well below London, Tokyo and New York. According to the most recent figures available, in 1989, 10,595 crimes were reported in London per population of 100,000; 9,677 in New York; 1,958
      189 words
    • 147 12 THE Prime Minister's appointed independent election watchdog group made its move yesterday with an announcement that it is sending its investigators to Suphanburi. Whether or not this will serve any purpose remains to be seen. But this should send a clear message to all politicians that the
      147 words
  • 938 12 Since the Bundesbank raised its discount rate in December, it has been subjected to much bashing. But it is the German government and Germany's trade unions that should be bashed, not the central bank, says The Economist The right test of a good central
    938 words
  • Page 12 Advertisements
    • 83 12 FOR BITS AND BYTES^ Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local news,
      83 words
  • Page 12 Miscellaneous
    • 73 12 DOONESBURY BY GARRY TRUDEAU HEY,KJP' I WAS MM HAVE I DON'T SUPPOSE /N A HHHHHHHHI IN THE NEIGHBOR- T0&-5HXTT, THIS WONPERPUL wav I'M ABABYTNOJOKB* r SO' UJHCtS I'M 90* i HOOPANP THOUGHT SIP. I HAVE NEUS INVOLVES HAVING MAZEL TOV, KJPPO' THE LUCKY SURB IV PROP OFF YOUR UONPERPUL A
      73 words

  • ANALYSIS
    • 863 13  -  The vast array of data on the US economy often seems to defy attempts to make the pieces part of a coherent whole at least one tied to reality rather than ideological predilection. Robert D Hershey reports Robert D Hershey NYT Forecasting,
      NYT  -  863 words
    • 1309 13  -  Lee Sheng Yi takes a look at why Asean cooperation is progressing at a sluggish rate compared with the economic integration of the European Community Lee Sheng Yi The writer is a lecturer at the Singapore Institute of Management and Associate Professor
      1,309 words
  • Page 13 Advertisements
    • 83 13 The Resent SineaDore oresents the fThe best of lobsters, and only from Maine, prepared in 6 distinct culinary styles. A Mediterranean spread of gourmet specialities, including a buffet selection of appetizers and desserts. Certainly not the usual fare... and yours to enjoy only at the Regent Singapore. Maxim's de Paris
      83 words

  • Page 14 Advertisements
    • 757 14 wB Nothing BeatsA Bud. where to wine, dine OF Be a Singsation Member! For just $500 a year, you'll be a member of Singsation, the only theme karaoke lounge in town. Take your pick from different theme rooms and enjoy these privileges:- 10% discount at all F&B outlets 10% off
      757 words
    • 356 14 WE VE JIIST BRED A NEW WINNER at The Stables ">•••- HHL The Businessmen's Derby Lunch i*ff- A delectable choicc of appetisers and soup. followed closcly by your pick from five delightful "Win dishes and a selection of desserts Finish vh ihwr c-*oo» with coffee or tea Only $28.00 Closed
      356 words
  • Page 14 Miscellaneous
    • 700 14 TELEVISION AND RADIO lVfnTOrf'c tnortir» VII XT** wmmsMSXK.-S'si I X 111 Mil the queer fellow, when he 6.45 WKh the Quran. V KJ 7.30 AM CNN International (L). discovers the truth of the 7.00 CNN. BBC 88 9 mHz in VHF Band II 8-30 Close. matter (Pt I, Stereo). 7.24
      700 words

  • LIFESTYLE
    • 990 15 Title: The Commanders Author Bob Woodward PublishenSimon and Schuster $34.95, 379 pages Reviewed by: Salil Tripathi NOT knowing that a radio microphone was on, Ronald Reagan once said he was outlawing the Soviet Union. He added: "We begin bombing in five minutes." It was
      990 words
    • 294 15 UPI Add being poor and living alone to risk factors for death from heart disease. Two studies published on Tuesday in the journal of the American Medical Association found that these two factors affect a person's prognosis independent of other risk factors, such as
      UPI  -  294 words
    • 433 15 CHATTERBOX A BIOGRAPHER of the artist Pablo Picasso won Britain's Whitbread book award on Tuesday, beating off competition from novelists and poets to scoop one of the country's most prestigious literary prizes. British-bom John Richardson collected his £20,500 (5563,500) prize money at a ceremony
      433 words
  • Page 15 Advertisements
    • 230 15 AND ENTERTAIN Monday Western Delights BSy Tuesday Chinese Savouries Wednesday Malay Temptations Thursday Indian Favourites Friday Italian Raptures Lunch in a Flash Different types of carvery and salad buffet lunch every day. 12 noon to 2.30 pm. $19.50++ per person. ANA HOTEL SINGAPORE I 16 Nassim Htt Singapore 1025 I
      230 words
    • 123 15 Japanese Restaurant RIP INTO OUR SUCCULENT SPARE RIBS ENJOY 30% DISCOUNT Enjoy our tender airflown fresh ribs marinated with our chefs secret sauce and charcoal grilled to perfection. And to make your meal a more enjoyable experience we are offering it at 30% discount from our usual price. NEW AT
      123 words
    • 187 15 tba ~7f Wl Traditional Cantonese Cuisine H O BEST HONG KONG DIAN XIN IN TOWN \vV. China China Restaurant 1 Marina Bay Golf* Country Club M 2 6 Marina Green Singapore oiov For Reservations Please Call *****11. m INTO NT I Tfc Bella 1 Where else would you maize an
      187 words

  • Page 16 Advertisements
    • 424 16 •*,*.<■ *W V*V#*f **-¥*>* v- f«* V W," -*•->£' vf ".<• <\ T J' «*T j^:.^"^-~^>, '■>~ --y- P* -*v i«« »>.--%. 2J" •VI »b v «mm <JU »i *».i*W What's Better *.••/♦.< 1 I; 4aNr >J» W -«H' t ~> <•*♦« '.K"I -*->••*». t^a»-it|i#«jj|^» >*. .-«.^«--^*<i m >- X
      424 words

  • SPORTS
    • 387 17 Australian Open Agencies MELBOWBMP Wayne Ferseire'jQEpot two hours j>y John iwpjPnroe's Open C The unheeded 20-year-old SSooth Afri&n, who his never 5 won. a, tDurnamenk beat the American 6-4, 6-4, mu adtance to tbn*emi-fi-fgljbls for the first time. jF With strong serves and refturns,"
      Agencies  -  387 words
    • 590 17 AFP SAN DIEGO, California Eight boats from seven countries begin the long process on Saturday of determining which one will meet the United States in the America's Cup match in May, with New Zealand considered the favourite. New Zealand, which lost a lopsided
      AFP  -  590 words
    • SIDE LINES
      • 127 17 ROME Italian skiing hero Alberto Tomba is desperate to offset his World Cup frustrations with a repeat double gold at the Winter Olympics. Tomba "La Bomba", winner of the slalom and giant slalom titles at the 1988 Calgary Games, is currently burning a
        127 words
      • 96 17 LONDON Olympic sprinter Linford Christie has said that he would not run against South Africa at an international in Cape Town in May and forecast fellow black Britons would also boycott the meeting. He told Athletics Today magazine: "I predict that no black
        96 words
      • 93 17 LEICESTER, England Gary Lineker, the England football captain who is a master of the art of goal-scoring, has baen awarded a degree by the university in his home town. Linear, the 31-year-old Tottenham and ex-Leicester Qty striker, received an honorary Master of Arts degree from the Uni
        93 words
      • 75 17 ATLANTA Nationsbank Corp has announced that it Will provide a US$3OO million secured line of credit tt> h£lp finance the 1996 Siunraer Olympics, whose ofTieiaU projected a 37 per cent increase in the cost of hosting the Games. Atlanta Olympic officials told board members thai expenditure 'would
        75 words
      • 60 17 CHRISTCHURCH England spin bowler Phil Tufiadl led his team to a remarkable victory iar the first cricket Test against New Zealand at Lancaster Park-yesterday, gobbing six wicketa in the final session. The home jMfcTJW from 211 for three to be all out for 264. England
        60 words
      • 61 17 INDIANAPOLIS A judge has allowed evidence from an FBI investigation to be used against former heavyweight boxing champion Mike Tyson in his rape trial. Defence attorneys said on Tuesday that allowing the evidence would prejudice jurors because the FBI, a federal agency, does not usually get involved in
        61 words
  • Page 17 Advertisements
    • 244 17 IF THE COEIMLS BELOW $10,000, WE'LL REBATE YOU UP TO $9,999'. SUNNY I.4EX (M) SUNNY I.6SS (M) PRESEA I.6CT II (M) When you buy a Nissan Sunny, Pulsar, Presea or NX, you'll for the car will stay the same. GUARANTEED MAXIMUM ON-THE-ROAD PRICES INCLUDING COE enjoy marvelous COE rebates. Should
      244 words

  • Page 18 Advertisements
    • 149 18 /gM d The Quadrant. A 28-storey intelligent office building standing at the junction of Cecil Street and Church Street. With the Raffles Place MRT station just a two-minute walk away, its location provides easy accessibility to Raffles Place and Shenton Way. Parking is available in the building's basement carpark as
      149 words

  • Page 19 Advertisements
    • 172 19 *^»jfef ir JMWBIIMII^BWHBBBBMWBy I*iS^^^^^ Flna ncy n ViXgjjSF Incorporating advanced technology and state-of-the-art systems for your comfort, safety and contentment. 'f you're looking for the perfect location, conducive environment and a truly intelligent building to accommodate your office, call us at 535 3655 or 336 3300 for more information or
      172 words

  • ADVERTISING & MARKETING
    • 1388 20  -  Wielding skilfully a decisive knife, new chief Jim Patterson hopes to turn around Leo Burnett in just a year. Sangeeta Mulchand reports Sangeeta Mulchand HIS legacy is hardly an enviable one. Leo Burnett's new managing director, Jim Patterson, has inherited from predecessor Martin Copus an agency
      1,388 words
    • 358 20  -  Sylvia Wong looks at Zouk's novel way of drawing attention Sylvia Wong WHEN Zouk felt that its restaurant was not bringing in the lunch-time crowd, it decided to take the initiative and invite a few people in. Literally. In a series of ads which have caught the eye
      358 words
    • COPY LINES
      • 78 20 UNISYS Pte Ltd has launched its new campaign for 1992, which stresses the company's commitment Jo expand its business in Singapore and its recognition of the unique character of the local market. Reason for the campaign: "Recent market research by Unisys has indicated that our
        78 words
      • 71 20 AGENCY AdManpower, the latest addition to the Henen stable, is organising a talk on human resource management today at the Pan Pacific. The talk, by Australian Paul Hannan founder and chief executive officer of the Sydneybased Manpower Management Group is expected to attract 300 human resource
        71 words
      • 94 20 BBDO New York is the beneficiary of a decision by the Campbell Soup Company, Camden, New Jersey, to consolidate advertising for various frozen-food brands that had been handled by both BBDO and Ogilvy Mather New York. An estimated $15 million to $20 million in billings
        94 words
      • 126 20 THE number of corporate name changes in 1991 fell for the third consecutive year, according to the 21st annual namechange survey by Anspach Grossman Portugal Inc, a New York corporate-identity consulting firm. Anspach Grossman reported that 1,069 name changes were recorded last year, down 19.1 per
        126 words
      • 68 20 BBIX) Worldwide has announced plans to create the largest advertising agency in Canada by merging its Baker Lovick/BBIX) unit with McKim Advertising, both in Toronto. Hie new agency, to be called McKim Baker Lovick/BBIX). will have hillings in excess of $320 million. The merger, which
        68 words
  • Page 20 Advertisements

  • FOCUS
    • 1292 21 The Nestle-Indosuez bid highlights complex holdings and cross-holdings in Perrier FT EVEN by French standards, where the intricate webs of corporate holdings and cross-holdings recall the incestuous sub-plots and shifting alliances of Les Liaisons Dangereuses, the machinations over the ownership of Source Perrier, the
      FT  -  1,292 words
  • Page 21 Advertisements
    • 236 21 aJlfll i *-m£ Sfjfl kXAI OUR COMMITMENT TO YOUR ENVIRONMENT EXTENDS REYOND THE REALMS OF PRESTIGE. The Jaguar Sovereign offers an uncompromising Advanced anti-lock braking comes as standard. lines that have long distinguished the marque from features indeed of a marque whose charismatic blend of luxury, surging power, and consistent
      236 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3971 22  -  By Dexter Lee INVESTORS maintained a cautious stance yesterday, taking only small positions, waiting for a decisive trend to emerge, but share prices closed mixed for the third day in a row. "There's a lot of nibbling here and there amid intermittent profit-taking,"
      3,971 words
    • Article, Illustration
      65 22  -  -By Chew Eng Han Comment OUB shares probably hit a short-term top near $4.90. recently. With weekly stochastks looking toppish, any rally for now will be limited to the $5.00 level. There is a good chance of a further decline to the $4.50 level before the uptrend resumes.
      65 words


  • 3432 24 Oriental Hldgs 580 +20 +3.6% Alcorn 160 +10 +6.7% MISC Foreign 525 +10 1.9% Malavawata 245 +10 +4.3% Amal Steel 50* 249 *8 *3.3% MU Mfg 50* 105 7 +7.1% Boustead 50« 181 +6 +3.4% H Leong Credit 222 +6 +2.8% MMC 10* 150 ♦6
    3,432 words
  • Page 24 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 4984 25 Investors shifting attention to second, third liners Bernama BUYING support for second and third liners in the afternoon session helped share prices here to close on a mixed to slightly steadier note yesterday. The KLSE Composite Index at the close added 1.70 points to
      Bernama  -  4,984 words

  • BT SHARE INFORMATION SERVICE
    • 268 26 Cwpwy Data Yoar Group Not Not oaraiags Cross Ml to profit/loss (L) por share dhridoad ('000) (coats) Goodwood Part Jan 10 Sep 91 $22,137(121.216) 49 2(47 1) 80(50) H Msta Jan 10 Sep 91 $429(11.886) 26(11 4) 15(20) SPM Dec 24 Aug 91 $153,802(1133.374) 62 6(54 3) 25(30)
      268 words
    • 197 26 Company Rights Issue Am Px land four for seven fe M$050 per share Enlate ton 3 Books dose lan 17 Acceptance Payment Mai 5 Qty On RenounceaWe rights issue on the basis of one-for ten $2 85 per share Estate Dec 9 Books dose Dec 19 Acceptance Payment
      197 words
    • 143 26 Cwpaay Date Yaar Gro«p pre-tax Nat aaraiags Crass aaa to praftt/lass (L) par slura <Md«a< COOO) (caats) S (1ST Jan 16 Au« 91 »*$82,007($80,274) 30 9(33) 20(10) KL Kepong Dec 27 Sep 91 »*$85.468($84.804) 15 3(148) 15(15) Pacific Can Dec 24 Sep 91 $138($l,387l) 0 2(—) Van Der
      143 words
    • 475 26 Company Diti Httf-yur 6 ruf pro-tax lutiiii hi to pr«ftt/lMS (L) 4 COOO) St Tyres Jan 21 Oct 91 $2.174($1,791) Pegi Msia tan 15 Sep 91 M$76($3,212) Potytek Dec 31 Sep 91 $489L($1,958) Sateras Res Dec 31 Sep 91 M$2.023($462L) FACB Dec 30 Sep 91 M$5.255($4,861) Set Dredge
      475 words
    • 276 26 Jan 21 Media giant Singapore Press HoMngs intends to continue investing in the electronic media business while adopting a more cautious policy on the expansion of its traditional newspaper business. Jan 20 Keppel Shipyard, a subsidiary of Keppd Corporation, has completed the $30m conversion of the Skua Venture
      276 words
    • 469 26 Cwrwrt Ex Mis tote Trial tor Trial far piymort Mi dtt* psyiMo th% ytir test ytir AMPT 4.2%(e) Feb 7 Feb 21 Feb ?8 771 5 75* Asa raok 18%N tan 9 Jan 21 lan 29 281N 26%N hnrm 20c 125%TE Mar 3 Mar 13 May 15 17
      469 words
    • 541 26 Company Rights Issue Atanci Tadi One tor one SI 00 per share Bo*on Issue of $90 978m nonvnal amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the bass of $2 nomnai amount of Bonds tor event three existnj shares held Every $2 nominal
      541 words
    • 225 26 Times Pubfehnj Ltd: AGM at The Oriental Ballroom K, Ist Floor, The Oriental, 5 Raffles Ave. Marina Square, Singapore 0103 on Friday, Jan 24, at 11am Corporation Bhd: EGM at Parkroyal I, 2nd Floor, Parkroyal Kuala Lumpur, Jaian Sultan Ismail, ***** Kuala Lumpur on Saturday, Jan 25, at
      225 words
    • 34 26 Conversion Special Trdg ScripJess Conversion deadline Period I radian Company starts (I DP) (ST) starts Jacks Int Jan 29 Feb 20 Jan 29 Feb 20 Feb 21 SPH NYA limes Pab NYA
      34 words
  • 590 26 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
    590 words

  • STOCK EXCHANGE OF THAILAND
    • 2202 27 Reuter INVESTORS sold to take profits from recent price rises but heavy buying in two finance issues helped cushion the stock index's decline yesterday. The SET index ended 3.30 points lower at 772.71 on a large turnover of 8.49 billion baht, with 145
      Reuter; SOURCE: PONT DATA  -  2,202 words
  • 1091 27 Price Change Modern Photo 8450 450 Kurnia Kapuas U 5700 300 Bank Niaga 4150 250 Duta Pertiwi Ns 2250 250 Duta Anggada 3850 250 Multipolar Corp ***** 200 Ficorinvest 3500 200 Pdfci 3450 200 Bank Intl Ind 2800 200 PriceS Chge Duta Pertiwi Ns 2250 +12.5 Metropolitan
    1,091 words
  • Page 27 Advertisements
    • 9 27 Don't miss Executive Jobs in Business Times every Saturday
      9 words
    • 9 27 Managers Must Manage BT shows you how every Monday.
      9 words
    • 323 27 BUSINESS TIMES Toll-free Tel No 737 0043 Fax No: 734 3606 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER Of ZEN OKAMOTO ENTERPRISE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Member* of Zen Okamoto Enterprise
      323 words
    • 367 27 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, L, Tan Gark Hoof of 2 Din Pmg Avenue, Singapore 2158 have applied far i Public House Ist Class Licence respect of premises at M/s The Avenue Restaurant And Pub at 22 Sixth Avenue, Singapore 1027, and thtf this application will be
      367 words

  • TOKYO STOCK EXCHANGE
    • 2618 28 Reuter STOCKS reversed a four-day losing streak to close at their day's highs in thin, choppy trade yesterday. Bargainhunting and short-covering erased early declines, and hopes of easier credit helped offset investors' concerns about the poor supply and demand situation, brokers said. "The
      Reuter  -  2,618 words
  • STOCK EXCHANGE OF HONGKONG
    • 2699 28 Reuter SHARE prices closed at a new high in active trade yesterday despite profit-taking in the afternoon after the morning's surge, brokers said. The Hang Seng index jumped 28.51 points to end at a record of 4,550.72, after touching a high of 4,564.33. "Considering
      Reuter  -  2,699 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2390 29 Reuter THE share market continued on a downward slide to end sharply lower yesterday, amid concern about falls overseas and domestic economic issues. Brokers said nervous investors held back after New York's overnight tumble. Prime Minister Paul Keating's comments on Tuesday about
      Reuter  -  2,390 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks surge on hopes of rate cuts
      • 476 29 LAST-MINUTE profit-taking pulled Taiwan share prices lower yesterday, and brokers said further selling might emerge today, but falls should be limited. The Weighted Index ended 3.93 points lower at 5,131.42, after falling from an intra-day high of 5,225. Only the financial and plastic sectors closed higher. Turnover was a
        476 words
      • 491 29 PROFIT-TAKING depressed Philippine share prices further yesterday in a market seeking a new focus and stable support after a rally early this month, brokers said. Manila's Composite Index fell below the 1,300 point level to close at 1,281.31, shedding 19.69 from Tuesday. Brokers see its next support at between
        491 words
      • 260 29 THE New Zealand share market turned in an anaemic performance for the fourth day in a row yesterday, ending near its session lows and not seen recovering in a hurry. In a thin session of no corporate news, brokers took their lead from a soft Wall Street and
        260 words
      • 829 29 STOCKS rose in robust trading as hopes of lower interest rates and improved liquidity resulted in a buying spree focused on manufacturing issues yesterday, brokers said. "Signs of falling interest rates coaxed investors to purchase manufacturing counters," Lucky Securities analyst Won Chul-hee said. The overnight call rate fell to
        829 words
      • 56 29 INDICES TURNOVER Clow Pinions Jam 22 NEW ZEALAND NZSE-40 Capital 1,472.58 1.484 42 -11.84 Turnover (NZSmillion) 34.15 23.52 +10.63 MANILA Composite Index 1.281.31 1.301.00 -19.69 Turnover (billion) 1.7 1.5 +0.2 TAIPEI Weighted Price Index 5.131.42 5,135.35 -3.93 Turnover (NTS billion* 62.89 62.85 +0.04 SEOUL Composite Stock Index 646.28 630.0 +16.28
        56 words

  • WORLD STOCK MARKETS
    • US stocks fall for second day in a row
      • Article, Illustration
        1263 30 STOCK PRICES pulled back on Tuesday for the second day in a row, with investors apparently sounding a note of caution after a giddy ride in recent weeks. Also weighing on the market was a computer problem that prevented the main Nasdaq indexes from, being calculated for most
        1,263 words
      • Article, Illustration
        715 30 SHARE prices closed little changed on London's Stock Exchange on Tuesday, set adrift by an uncertain outlook on Wall Street and for economic recovery in Britain. At the close, the Financial TimesStock Exchange 100-share index was down 1.5 points, or 0.06 per cent, at 2,543.4. The Financial Times 30-share
        715 words
      • 180 30 DUTCH shares advanced cautiously on Tuesday, adding to earlier gains, and with volume broadening as international investors were tempted in, dealers said. The EOE Index was 2.11 higher at 293.72. The dragging effect of the lower dollar, which hits the competitiveness of Dutch exporters, was shrugged off. "A lot
        180 words
      • 352 30 GERMAN shares ended 0.5 per cent higher after touching a new six-and-a-half-month high just below the psychological 1,700 barrier on the 30-share DAX index. Dealers said foreign and domestic funds had been active in early trade. But some took profits later. The DAX has risen over 100 points in
        352 words
      • 231 30 ITALIAN shares closed broadly lower on Tuesday as the rally that had boosted prices throughout much of last week finally ran out of steam. "Last week's spike higher is over and we've had profit-taking on most shares, especially those which have performed the best recently," one broker said. A
        231 words
      • 384 30 SWISS shares closed a touch firmer on Tuesday in active trade, but off intraday's highs, as a slightly firmer bond market and Frankfurt's stronger showing supported sentiment, brokers said. The All-Share SPI index added 5.1 points to 1,110.4, after peaking earlier at 1,113.6, and the SMI index of leading
        384 words
      • 67 30 Paris Jan 21 FFr CORBEILLE Air-Liquide 698.00 5.00 Alcatel Ansthom 591.00 4-18 Elf-Aquit 370.00 f 4.10 MichHin 147.50 f 90 OFP 113.00 Peugeot SA 713.00 +13 Philips (NV Gem) 98.30 1.20 Royal Dutch 457.00 4.50 CROUP A Nestle *****.00 +280 GROUP B Lafarge 339.50 5.50 I CROUPC I Shell 261.00
        67 words
      • 44 30 Vienna J»" 21 Asch Akg Holding 2600 20 Bank Austria (P) 500 3 E Allgem (P) 2410 +30 Jungbunzl 9950 50 Lenzing 991 +4 Leykam 360 Montana Oesterr Brau 3680 20 Sempent 98 unch Stcyr 250 +3 Vcitscher 298 2 Source: Z-Landerbank Bank Austria
        44 words
      • 255 30 CHEMICALS group Gechem and nonferrous metals firm Acec-UM were the main gainers of the Brussels bourse on Tuesday which closed 1.7 per cent higher on the first day of the new twoweek forward market account. The Bel-20 index of leading shares closed up 19.88 points, or 1.71 percent, at
        255 words
      • 281 30 STOCKS followed Wall Street on Tuesday and eased as the market consolidated with no significant trends, dealers said. "I think the market is in need of a pause," said John Ing, president of Maison Placements Canada Inc. Northern Telecom Ltd jumped 5/8 to Css6 after the company reported fourth
        281 words
      • 153 30 SWEDISH blue chip shares closed sharply lower on Tuesday in active trade as overnight Wall Street declines triggered profit-taking on the domestic market after four consecutive days of rising prices, dealers said. The bourse general index fell 0.87 per cent to the day's low of 970.41 in turnover of
        153 words
      • 421 30 GOLD and related shares ended the day slightly firmer on Tuesday, but ofF the day's best levels, while industrials drifted lower in the absence of fresh stimulus. Dealers said gold shares continued to be supported by firm world gold prices but trading was cautious. Volumes were thin as many
        421 words
      • 74 30 INDICES TURNOVER NEW YORK (lose Proious Jan 21 Dow Jones S&P 500 Turnover (million) 3,223.39 3.254.03 412.64 416.36 218.8 180.9 -30.64 -3.72 37.9 LONDON Financial Times 30 f-TSE 100 Turnover (million) 1,974.1 2.543.4 619.4 1,971.9 2,544.9 418.2 2.2 -1.5 201 2 FRANKFURT DAX Index 1,685.29 1,677.17 8.12 AMSTERDAM EOE Index
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  • CURRENCY, MONEY & FUTURES MARKETS
    • 1224 31 REPORTS 3 ASIA THE US dollar was firmer against the mark but slightly easier against the yen in late Asian trade yesterday, after a day driven by rumours, dealers said. Most operators are reluctant to move actively ahead of the meeting
      1,224 words
    • 378 31 Cross rates Jan 22 USS S$ MS Dm Yen SFr AS NZS USS 1.6315 2.6840 1.5900 123.60 0.5551 1.4090 1.3324 1.8450 SS 0.6129 1.6451 0.9746 75.7585 0.3402 0.8636 0.8167 1.1309 MS 0.3726 0.61 0.5924 46.0507 0.2068 0.5250 0.4964 0.6874 Dm 0.6289 1.0261 1.6881 77.74 0.3491 0.8862 0.8380
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    • 536 31 Interbank rates SS Bid Offer Overnight 2 7/8 3 1-month 3 3 1/8 2-month 3 3 1/8 3-month 3 3 1/8 Overnight mode: 3-1/8 USS Bid Offer 7 days 4 1/16 4 3/16 1 month 4 1/16 4 3/16 2 months 4 1/16 4 3/16 3 months 4
      536 words
    • 369 31 Reuter TOKYO Regulations aimed at cushioning the impact of Japan's unruly stock index futures market on cash stocks are having the opposite effect, draining liquidity and churning up volatility, brokers and futures traders said yesterday. Futures volume has shrunk drastically since late
      Reuter  -  369 words
    • 253 31 Reuter CHICAGO The Chicago Mercantile Exchange (CME) is retooling currency crossrate futures after the first trio of ill-designed contracts failed. After much ballyhooing, the CME last May scurried to the starting block with three dollar-settled currency crossrate futures that failed to draw sufficient commercial interest.
      Reuter  -  253 words
    • 1135 31 SjjjBC EUROOOLLAR Open High Low Sett Est Vol Op/lnt Vol Mar 92 95.86 95.87 95.85 95.87 3283 ***** 6485 Jan 92 95.69 95.72 95.69 95.71 4500 ***** 8626 Sep 92 95.41 95.42 95.39 95.41 3200 8779 5868 Dec 92 94.83 94.84 94.81 94.83 1615 4289 1854 Mar 93
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  • COMMODITIES
    • 391 32 Agencies JAKARTA Indonesia yesterday agreed to cut its oil production by 25,000 barrels per day to help the Organisation of Petroleum Exporting Countries' efforts to prop up sagging world oil prices, Mines and Energy Minister Ginanjar Kartasasmita said. "The president
      Agencies  -  391 words
    • 310 32 Reuter KUALA LUMPUR Rising labour costs and a world glut have knocked Malaysia from its number one spot in the rubber-producing world and forced the country to shift focus to palm oil, Primary Industries Minister Lim Keng Yaik said. Malaysia will
      Reuter  -  310 words
    • 826 32 REPORTS THE price of tin closed one sen easier at M$ 14.33 per kg on the Kuala Lumpur' Tin Market yesterday on lack of fresh buying support in early trade. Dealers said uncertainty over the London Metal Exchange overnight's performance,
      826 words
  • 1407 32 Rubber j an 22 HAS (»»> In bate*) S cents/kg Noon Close Int I RSS Prompt I29.25/130.25N 129.50/130.50N Int I RSS Feb 92 I29.7VI30.25 130.00/130.50 Inil RSS Mar 131.25/131.75 131.50/132.00 Int 2 RSS OP 128.50/129.50N 129.00/130.00N Int 3 RSS OP 125.50/126.50N I26.00/I27.00N Int 4 RSS OP I24.00/I25.00N I24.50/I25.50N Int
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  • Page 32 Advertisements
    • 1350 32 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF YOSEMITE INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the mentors of the abovenamed Conpany duly
      1,350 words
    • 7 32 Enterprise Management in Business Times every Monday
      7 words

  • 1245 33 Crt > FWgfct ETA Flight ETD GA887 U15 GA894 2015 QF5 2010 SQ228 2040 »■'»<»■ SQ23 0700 GA894 2015 KL833 0955 K1834 2325 GA975 1525 AaclUaad BAll 1225 SQ285 2215 GF148 0915 »«iW« GA525 1450 IMBtpm BI453 1105 SQ182 0915 SQ181 1410 BI96 1440 2030 BI430
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  • THE TRAVEL PAGE
    • 582 33  -  POSTCARD FROM MOSCOW By Louis Uchitelle FEW BREAD stores anywhere are as well-equipped as the Australia Shop on Piatnitskaya Street in downtown Moscow. Automated equipment, a recent gift from Australia, mixes dough and bakes bread 18 hours-a-day, and as fresh loaves come out of the
      582 words
    • 152 33 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2190 I.23SS Canadian dollar 1.3995 1.4278 NZ dollar 0.8750 0.9105 Sterling pound 2.9273 2.9670 US dollar 1.6270 1.6350 Local dollars to 100 units of foreign currency Austrian schilling 14.44 14.75
      152 words
    • 91 33 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Feb 14-23 International Turin, Italy Torino *****569 Confectionary 1992 Fair of Holidays Esposizioni Trades Tourism Sports S.p.A Feb 18-22 Heating Sanitary Utrecht. Koninklijke ********** Feb 25-28 IBM "92 NEC, EMAP Intl 071-*****47 1992 Contractors Netherlands Nederlandse 1992
      91 words
  • Page 33 Advertisements
    • 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 know Europe from (tart to Finnish
      38 words
    • 15 33 Read Chartpoint, a guide to investing in the atock Market. Every Saturday in Buaineaa Times
      15 words
    • 55 33 rfjil I I I 1 At last, Michael Jackson's found a girlfriend Yes, the reclusive superstar who has never had a serious girlfriend is now happily attached. Or so it seems. He calls her a real princess. And we show you the stunning beauty today. the 4/ new* NEW, NEWS,
      55 words
  • Page 33 Miscellaneous
    • 258 33 6 These groundsheets never get warm! (10) writer on half-day closing Bound, to be transported power-generator (3) 13 Sound effect used in open--16 This anchor needs Head j < j 1 j j Office approval (4) jMT "IBB "I! 17 Spring exam connected 18 True sea-change can be se20 Commotion
      258 words
    • 164 33 Singapore Outlook: Windy with showers over several areas in the afternoon. Report: Maximum temperature 31.3 Assoc humidity 60% Minimum temperature 23.5 Assoc humidity 87% Hours of sunshine 11.05 Rainfall in mm Nil Rainfall this month 70.1 Rainy days this month 7 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 24/13 Clear Bangkok
      164 words
    • 37 33 i'n 6RIMGMG wvT l T ms IS MY cloakroom TICKET XjQ'J LOOK SCRRP BOOK UP FROm Trie FIRM'S CHRISTMAS VTopp>y Top l D s i..J no pprre. J l.piNNieg rnp dwce 8997 ASSOCIATED NEWSPAPERS LTD IMM99J ||A
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  • 450 34 Analysts see possibility amid emerging scandals Reuter TOKYO Japan's ruling party, rocked almost daily by fresh scandal revelations, is considering calling an early general election to win a new mandate from voters, party officials and analysts say. Political scams, both old and new,
    Reuter  -  450 words
  • 373 34 Reuter TOKYO The Bank of Japan (BOJ) seems to be tolerating gradual falls in short-term interest rates but not too much at a time as it edges towards another monetary policy easing, senior money traders said yesterday. Money market hopes that Japan
    Reuter  -  373 words
  • 252 34 Agencies MOSCOW Russian health workers have called a oneday strike on Jan 29 to back calls for higher pay, the Interfax news agency said yesterday. The Union of Medical Workers, which represents 4.5 million health workers, said its members would only give
    Agencies  -  252 words
  • 232 34 Reuter BEIJING China confirmed yesterday that it will attend Middle East peace talks due to open in Moscow next week, the first time it will take part in the US-Rus-sian brokered negotiations. Chinese Vice-Foreign Minister Vang Fuchang said he would
    Reuter  -  232 words
  • 371 34 Reuter WASHINGTON President George Bush opened an international conference on aid to the former Soviet Union yesterday, saying the struggling new states would depend heavily on world support at "a turning point in modem history". "We come together... as partners at a
    Reuter  -  371 words
  • 819 34  -  The Bottom Line MICHAEL HINDLEY MICHAEL HINDLEY The writer, a Briton, is a member of the European Parliament SO we are now in 1992. The year, that is, and not the completion of the European Community's internal market; that is not going
    819 words
  • 213 34 Agencies ALGIERS Algeria's new rulers are to ban political activity at mosques, striking at the heartland of their Islamic fundamentalist opponents and raising the stakes for possible confrontation. Many of the nation's 9,073 mosques are controlled by the Islamic Salvation Front (FIS) and traditionally
    Agencies  -  213 words
  • Page 34 Advertisements
    • 46 34 The World's Finest Photographic System Nikon Price Specials See SBC Text Ch. 8 Pg. 188 (3 pages) It HUBLOT Hublot a Sensational Feeling on Your Wrist. •I.* K M, V I'. C> S-f V S■' V, K H•Ri•. H »i S V MDM ENE V f.
      46 words
    • 28 34 AUSTRALIA. BRISBANE C.B.D. STRATA OFFICES FOR SALE Prestige office building in Brisbane City Centre. Strata titled floors of 5,575 sq.ft. e For more details contact Jim Williams. EO;4K
      28 words
    • 125 34 The World's Finest Photographic System Nikon Price Specials See SBC Text Ch. 8 Pg. 188 (3 pages) tycuutGM tyvidett The Ideal place lor: Hunan and Sichuan speciality dishes Fast and convenient Tim Sum set lunches Chinese New Year's Eve Reunion dinner, Work commencement celebrations Yu Sheng (Raw Fish) Yunnan Garden
      125 words

  • Shipping Times
    • 391 35  -  By Selva Kumar SINGAPORE Two major shipping companies have engaged the services of listed Jurong Shipyard for the routine repair and overhaul of their ships this year. US-based Mobil Shipping and Transportation Company has decided to use only Jurong this year,
      391 words
    • 203 35 Reuter MANILA Three consortia are in the running for Philippine Airlines, scheduled to be sold next week, but the planned privatisation has failed to attract equity from overseas airlines, officials said on Tuesday. Finance Secretary Jesus Estanislao, who is in charge of the sale of
      Reuter  -  203 words
    • 213 35 Reuter MANAMA, Bahrain Saudi Arabia's National Chemical Carriers Company (NCC) on Tuesday signed a contract in Riyadh with Kvaerner of Norway to build three chemical carriers worth 845 million riyals (***** million). Set up in 1990, NCC is jointly owned by the
      Reuter  -  213 words
    • 463 35 Reuter ROME The Far East could eventually be a far greater competitive threat to Europe's struggling airlines than the giant US carriers, the head of the European airlines' pressure group warned. "The Americans are a big worry... But within
      Reuter  -  463 words
    • 879 35 Page Col ABC Containerize 12 I Accord Group 8 1-3 APL 5 3-5 A PC 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
      879 words
    • 444 35  - CGM upbeat on Far EastEurope trade volume By Juliette Walker SINGAPORE France's Compagnic (icncralc Maritime is planning to beef up tonnage with non-European cargo on its east-bound services to offset the structural trade imbalance between the Far East and Europe. When the French national carrier's new flagship arrived in Singapore
      444 words
    • NEWS SUMMARY
      • 60 35 THE PLAN to build a huge international airport in Hongkong is moving ahead at a rapid clip, raeing to meet a completion date in 1997, the same year Beijing will takfc possession of' the colony. Birt some critics say the airport project is in
        60 words
      • 43 35 AN ESTIMATED 2,000 Hyuiv dai Motor Co workers took t$ the streets in Ulsan, South Ki> rea yesterday in protest after ending their week-long occupation of five company plants overnight under threat of a police assault Back Page
        43 words
      • 35 35 UNITED Technologies Corp announced a scries of plant closures and cutbacks on Tuesday that would eliminate 13,900 jobs, including 6,412 iu the state, by 1995. Back Pagt
        35 words
      • 45 35 THE RASH on Monday night of an Air Inter Airbus A-320 in eastern France, with a loss of 87 lives, has revived debate on the safety of what has been billed the world's most sophisticated passenger plane Back Page
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    • LOG BOOK
      • 49 36 LONDON Attempts to refloat the Maltese registered vessel Ne* Luck, which ran aground in the Dnepr River on Jan 11, started yesterday and continued on Monday, Lloyd's Shipping Intelligence said. The 5,945-dwt vessel was bound fully laden from Kherson to Piraeus, Lloyd's said.
        49 words
      • 104 36 TAIPEI Taiwan customs officers seized a record 74 kg of drugs at Chiang Kai-shek International Airport last year worth one billion Taiwan dollars (5564.8 million), officials said on Sunday. A customs spokesman said the seizures involved 21 drug smuggling cases and the arrest of 27 people,
        104 words
      • 134 36 RENNES, France A French Navy patrol boat stopped a Spanish trawler fishing in the Gulf of Gascony under a fake name and registration and diverted it to the port of Sables d'Olonne, south of Nantes, French maritime sources said Sunday afternoon. The sources at the
        134 words
      • 100 36 HONGKONG About 20 flights and hundreds of passengers were delayed at Hongkong airport after three armed robbers holed up in a catering building, police said on Saturday. The robbers fled to the airport's catering centre on Friday after robbing a taxi driver of HKS4OO (5584.08). Police
        100 words
      • 105 36 STOCKHOLM Swedish white-goods maker AB Electrolux said it had agreed with Japan's NSK Ltd to establish a joint venture to make automobile air bag systems. Electrolux said its Electrolux Autoliv AB unit would be the partner in the venture, known as NSK Autoliv (Japan) Ltd,
        105 words
    • 759 36 THE US Gulf/Japan and US North/Pacific grain routes on Tuesday were marked higher within the Baltic Freight Index on higher confirmed fixtures, dry cargo brokers said. The BFI was steady at 1,534 amid a slow-down in business concluded. The overall outlook for panamaxes remained healthy but it was
      759 words
    • 1064 36  -  Laurence Zuckerman finds some apprehension about safety in Hongkong's new airport project Laurence Zuckerman IHT The plan to build a huge international airport in Hongkong is moving ahead at a rapid clip, racing to meet a completion date in 1997, the same year Beijing will take
      IHT  -  1,064 words
    • 797 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
      797 words
    • 6210 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
      6,210 words
    • 3350 49 A iAIK Containerline NV: Belsin Shpg Agencies Pte Ltd (SyManne Handling Sdn Bhd (PK/PN) Accord Group: .Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg A Trdg Pte Ltd (S) Vhrenkiel liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte
      3,350 words
    • 262 49 Abacus C ouriers Tel: 545-8011. Fax: *****98 Air FApress I ntel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844 Fax: *****16. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster Link Supplies
      262 words
    • 1541 49 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aeroiink Freight International Tel: 545-8031 Fax: *****05. Aerospctd Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,541 words
    • 3059 50 ARGENTINA Buenos Aires: Port very busy with general cargo berths regularly available. Both Fiscal warehouse and open container yards are not adequatdv coping with the current volume of import cargo therefore the storage of these cargoes is sometimes delayed. San Lorenzo: Port busy with four vessels operating of
      3,059 words
    • 1408 50 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Sapphire: 16,867 dwt and built 1977 Imabari and Gooosan 16,913 dwt and built June 1977 Imabari, brokers trying for US$4 million each. Proa: 18,062 dwt and built 1977 Onomichi, on offer for US$4.2 million. Chilkoot Pal: 18,536 dwt and built Dec
      1,408 words
    • 551 50 ARRIVALS DEPARTURES y Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
      551 words
    • 626 50 CRUISE FERRY SCHEDULES CRUISE SHIPS An Pep Nit of Vessel ETA flU Ports of Odb Port Apil MN 23 24 Aurora 1200 0700 Sin-Malacca Straits Shipping 23 23 Shangri-La World 1000 1800 Sin-Phuket Sembawang Johnson 24 24 Nippon Maru 0800 1800 Sin Club Mitsui OSK Lines 23 25 Cora Princess
      626 words
    • SHIPS IN PORT
      • 492 51 Voy No B«rth Arrive Departure Vessel Voy No Berth Vmd Depart™ Marina Terminal 1 Jurong Port Batam Murnt *****2 M04 alongside 22.01/2300 Amf,a 5 002/92 J8 alongside 2301/2300 Batammdo 1 150$ M01 alongside 2201/1800 H Tan ,e, alongside 23.01/0700 Blue Power 3 *****2 M04 alongside 23 01/0500
        492 words
      • 223 51 jonort rwi B«rti: 1: nil; 2: Gemki; 3: Yao Sheng; 4: Tern; 5: Equator Emblem; 6; Uni Modest 09 jetty: Kapttan Rudnev, Pulau Irian, Una 101. DCJ: Silver Star. Due on Jan 22: Bow Princess, Barge Kuala Siak M. Due on Jan 23: Stott Condor, Global Eos.
        223 words
      • 895 51 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boofa(/Bebnce Rstts Stop Voy No Etb/Btr Period From To From 4 AC* 38 23/1800 I 22/1500 22/1659 22/1900 AJ Mariyah 58A 24/1500 1 22/1500 22/1659 22/1900 2 22/1700 23/0659 23/0900 4 23/1200 23/1459 23/1700 Pegsus 013 23/1600 1 22/1500
        895 words
    • 234 52 AFP ULSAN, South Korea An estimated 2,000 Hyundai Motor Co workers took to the streets here yesterday in protest after ending their week-long occupation of five company plants overnight under threat of a police assault. The workers, wearing medical masks to ward off
      AFP  -  234 words
    • 438 52 NYT CONNECTICUT United Technologies Corp, the latest private employer in Connecticut, announced a series of plant closures and cutbacks on Tuesday that would eliminate 13,900 jobs, including 6,412 in the state, by 1995. The cuts represent 7 per cent of the
      NYT  -  438 words
    • 349 52 AFP STRASBOURG, France The crash on Monday night of an Air Inter Airbus A-320 in eastern France, with a loss of 87 lives, has revived debate on the safety of what has been billed the world's most sophisticated passenger plane. The domestic airliner
      AFP  -  349 words
  • Page 35 Advertisements
    • 22 35 Ums and Mnrtett riprMMtid /jSSBK\ Nirtiri of tIM Registry if Accredited ffwSlV Stagapor* NatioMl tw advertising enquiries, contact Shipping Times: lei 740-21)89/740-2090
      22 words
    • 610 35 THE FAMOUS magnum KS3M3 224 1833 i For more information please refer to P|. 13 MARITIME TECHNOLOGY: GLOBAL CHANGE AND RESPONSE SingaPort *92 INTERNATIONAL MARITIME Vhe SingaPort '92 International Maritime Exhibition and Conference is organised EXHIBITION AND I by thePortof Singapore Authority. With 12 localand international maritimeand CONFERENCE I trade
      610 words
    • 54 35 A* Forwarders 15 A* Schedule 16 CocWt Report 2 Contamer Schedule 17 Courier Services 16 Crane Ferry Schedules 16 (My hjffe 2 fades to Advertisers t Port Condtans 16 Shww* Afents 1 j Stappwt Gwde 10,11 Sfapsaies/Tanker Rates 16 Slips m Port 17 Singapore Tries 1# Transport Diary 3 Weather
      54 words


  • Page 37 Advertisements
    • 2475 37 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 \ll|## BOOKINGS TEL: *****234 *****58 ■MllllW TERMINAL/CFS TEL: *****218 220 pßfifflflfl PESAKA JARDINE SHIPPING AGENCIES SON. BHD. L VWQf J PORT KELANG TEL: *****18 FAX: *****91 *****88 T— PENANQ TEL: *****4 FAX: *****1 CFS TEL: *****6 ZSbZM^Z Dedicated to
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    • 1829 37 TRANSPORT DIARY Feb 21-24: Air Traffic Services in the 21st Century 4th Symposium, jointly organised by Civil Aviation Authority of Singapore. Federal Aviation Administration. USA, Department of Civil Aviation. France and State Institute for Air 1 Navigation. USSR at the Raffles City Convention Centre. For further information please contact Singapore
      1,829 words
    • 1510 37 ■QBBSSaHBa TWO SAILINGS TO USA SEALAND MARINER VI2BE ETA SIN 27/1/92 MAYVIEW MAERSK V 9202 ETA SIN 28/1/92 DESTINATIONS Johanna to Thta Mayvtew Maerak 9202 »—w— CY 28/1 0800 HRS Port ■■■■■■I 2 359 MRS Kalang Parang OAK |LGB HOU MEM ATL MIA CHS BAL PHL NYC MON TOW MAYVIEW
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  • Page 38 Advertisements
    • 1431 38 1 A V a BHH v W m A a ■■^^1 i^w^—IMMHHMHWHHIWBHIH^MMWWBIMIII^ IROTTEOAM/1 i VOY NO SPORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE KURAMA 14/103 23/1 15/2 11/2 10/2 PWffil FRANKFURT EXPRESS 60/303 28/1 12/2 14/2 17/2 18/2 iftuSlia KASUGA 1 19/104 30/1 22/2 18/2 17/2 -r.™-—s DRESDEN EXPRESS 03/304 2/2
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    • 695 38 BEASPAC SERVICE DIRECT SOOTH PACIFIC SERVICE SIN NOU SUV PPT U BONTANQ 3106 EB 27-29/01 11/02 14/02 18/02 IMPERIAL 3202 EB 23-28/02 12/03 15/03 20/03 Tranttl Tim* (13) (16) (22) ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA. PAGO PAGO. APIA. NUKUALOFA. P. VILA FASTEST SERVICE TO CHILE/PERU SIN CLX too
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    • 1633 38 158 wmmmmMA u«s REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE WL/VOY SIN AIG BCL HAM BRE ROT ANT FEL LHA (MA (VIA (VIA ALG) HAM) ROT) SI FREEDOM 146W 27/01 17/02 19/02 22/02 24/02 23/02 25/02 24/02 25/02 NORASIA SUN 9147-3 04/02 25/02 27/02 02/03 03/03 03/03 04/03 04/03
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  • Page 39 Advertisements
    • 1930 39 H STRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 Sanford Building Singapore 0208 Tel: *****88 Fa 0:*****17 "C£"S Out was SPORE B-KOK RAJAH MOOKF MV it,., i,k ■>•> *c. PfGASUS PROGRESS V.702N 21 29 lAN 01 02 FEB kajam wuuvit vo3l Muara lab, KK 24 lan 25 lan u
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    • 2313 39 W < SINGAPORE AGENT: PAO Containers (Singapore Agencies) Pte Ltd a JL 9 15 Hoe Chiang Road #08-02 to 06 Sanford Building, Singapore 0208 Tel: 225 2233 Tele* RS ***** PNOCSP Fax 225 5327/222 7517 V C R Number **********0Z EXPORT IMPORT VtMCL VOV 'pmo *PHO MM AL 0 Ml
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  • Page 40 Advertisements
    • 466 40 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE PRE LUNAR NEW YEAR LOADER VSL VOY S PORt ROAM ADAM HBURG BREMEN ANTWERP MAI ARAM 31KB 21 2 24/3 29/3 2/4 5/4 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subpct to Induccmvnt. Also accepting cargo to Casablanca, Port Said, Port Alexandria,
      466 words
    • 1261 40 0 HANJIN SHIPPING FDR VSI I SIN I LINE HAUL LGB OAK FDR *51 SM ILINE HAUL SAV IM NYC HANJIN LONGBEACH 036E ft/1 16/2 19/7 FISHGUARD BAY 202* 27/1 M PROSPERITY 020€ 5/3 t/3 1/3 HANJIN ROTTERDAM 017E 3/2 DIRECT 24/2 27/2 HANJM CHEIU 07SE 3/2 H. KOOE 035E
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    • 1283 40 j -j. T INI UP WC KX UC M WT 0» NCY 9fi TYO UU CM M NYC lift ANW RDM T» «G HI CM Ml I f QMT KMC 22/1 hft 21/1 »/l 31/1 J/2 4/2 t/2 7/2 */2 »/2 21/2 «/J C/ 3 7/3 17/1 1«, J 19/3
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  • Page 41 Advertisements
    • 1833 41 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (Cfl NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****44/*****14 FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 mm mm UK/EUROPE SERVICE *****89 IMPORT CFS MB2 *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 .-*****53/*****50 NEPLINE SDN BHD MALAYSIA
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    • 995 41 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 EASTBOUFC—OISCHARGWG WESTBOUND—LQAONG TRAWSHrftD VIA ROTTERDAM «ratn wr l»i In* mc ww |m K |ta
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  • Page 42 Advertisements
    • 1636 42 |T3 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) I W f TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/B^9 I m M MALAYSIA: *K"UNEMARITIME (MALAYSIA) SDN BHD A B TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1 ■■■B KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA LALTT INTERNUSA TEL:
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  • Page 43 Advertisements
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  • Page 44 Advertisements
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    • 107 44 qflfefcaroqfp ADotssxjl 800 Australia New Zealand 7BWO Weekly LCL Consolidation tow CARGOFLO t Singapore-Australia V—_ Fremantle Adelaide Melbourne m Sydney Brisbane Singapore-New Zealand v I l Auckland Wellington Lyttleton 1 n 1 BF New Plymouth Napier 1 J JhinTi il Te 1^227 S mMm Fax *****83 *C 1 esa Eumre/siJi
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  • Page 45 Advertisements
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  • Page 46 Advertisements
    • 768 46 (^liiiiTlilfilllHillliHlli TO AUSTRALIA/NEW ZEALAND I |fr«m |kM> |Sy<t Audi [WE |P CHAIM ANTNERPEN »5 IT? 8/2 14/2 11/2 24/2 HJt MMTHA I7M 2t/2 S/3 10/J 13/3 19/3 7175 ElltN tUNG ttl 12/3 U/3 24/3 TtTj 2/4 4/4 USVI 2M 5/4 12/4 l«/ 4 l»/4 24/4 21/4 TO USA/CANADA m S"
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  • Page 47 Advertisements
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  • Page 48 Advertisements
    • 1364 48 STORE MPORT: *****02 I PENANQ: (04) *****6 SIBU: (084) *****9 KK: (086 *****0 TAWAU: (089) *****9 P.KELANQ: (03) *****77 JAKARTA: (21) *****32 KUCHINQ: (082) *****3 SURABAYA: (31) *****0 'p.,, J |N £/l 9R/1 97/1 Cok)mbo 23/1 24/1 25/1 £/i 2m 29/1 28/1 29/1 30/1 Syd/Mtlb/Bri 27/1 28/1 29/1 Fremantlc JPN/BUSAN/WANILA
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  • Page 51 Advertisements
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  • Page 51 Miscellaneous
    • 294 51 TIDES AND WEATHER TODAY'S TIDES (hejflt in metres) HOJt 0000 0100 0200 0300 0400 0500 0600 0700 0800 *************************5001(****************************** JR 2.2 26 2.7 2.7 2.3 1.7 12 08 08 09 1.3 21 2.9 33 34 3.1 26 18 1.2 0.7 0.4 0.3 0.5 1.0 PP 2.3 2 7 28 2.7
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  • Page 52 Advertisements
    • 1116 52 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH^WEST^H rtioa hot w no lat m haul wt mo uh om hum wt mo tcw» pti SEA DANGER MM2 23/11 lALMCU 4«E 31/11 M/l? 21/02 22/02 TMNSWORLD M 7SE 02/02 21/02
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