The Business Times, 17 February 1992

Microfilm: NL17798
Total Pages: 58
1 58 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 Monday, February 17, 1992 75*
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  • NEWS SUMMARY
    • Article
      Opec may have to cut output again: Algerian minister
      54 1 GENEVA Just a day after Opec agreed to cut oil production, Algeria's Energy Minister said yesterday that the cartel may have to cut output again in April to lift crude prices. "I don't see this deal bringing a big price increase,"
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    • Article
      Israelis launch another raid
      54 1 SIDON, Lebanon Two Israeli helicopters mounted a new raid on targets in southern Lebanon yesterday afternoon. Correspondents said the attack on targets yet to be identified took place in the Zaharani region south of here. Israeli aircraft earlier yesterday pounded two Palestinian refugee camps in southern
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  • MARKETS SUMMARY
    • Article, Illustration
      STOCK INDICES
      27 1 Friday Change BT-MGA 724.72 -4.22 Kuala Lumpur ....595.75 +1.12 Tokyo 20,883.86 -507.16 Hongkong 4,772.32 +8.82 Sydney 1,618.9 -4.0 New York 3,245.97 -0.68 London 1,950.9 -6.5
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    • Article
      CURRENCIES
      23 1 Exchange rates US$ S$ 1.6360 100 Yen SS 1.2796 MS SS 0.6259 Money market rates Overnight 3% -1/8 3-month 3 1/4% +1/16
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    • Article
      COMMODITIES
      30 1 RHMmt S'pore Mar 129.00*/kg unch M'sia Mar 211.50Vkg -1.50 KL Tin Turnover 86 tonnes +1 Spot MS14.38/kg -0.12 Crude palm oil Turnover 601 lots -14 Mar MS898 /tonne +5
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  • Article, Illustration
    Amcol Graha pioneers handphones in Indonesia
    599 1  -  Amcol-Bimantara venture expects demand to outstrip supply By William Chia SINGAPORE Amcol Holdings Ltd's 50-per cent owned Indonesian associate has teamed up with the Bimantara Citra group, one of Indonesia's leading business conglomerate, to market and operate Indonesia's first cellular phone system. Johnny Kesuma,
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  • Article, Illustration
    Bid to boost NZ investment climate
    394 1 SINGAPORE A highpowered team comprising New Zealand's corporate bigwigs and top civil servants has been assembled by Prime Minister Jim Bolger to improve the country's investment environment. The Foreign Direct Investment Advisory Group has started looking into streamlining the investment process to meet the
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  • Article
    Jakarta, KL to present joint pollution proposal
    303 1  -  From Maggie Ford in JAKARTA INDONESIA and Malaysia are to put forward a joint proposal to deal with future pollution problems in thl Malacca Strait and the South China Sea at the Asean environment ministers' meeting beginning in Singapore today. Speaking after the
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  • Article
    Call for SMEs to team up overseas
    446 1  -  From Genevieve Cua in PARIS THOUGHTS of how to help upgrade Singapore's small and medium-sized companies (SMEs) were of concern to Lim Boon Heng, Senior Minister for Trade and Industry, even though a mission such as the one he is now leading in
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  • Article
    Special BT supplement on New Zealand
    109 1 ALTHOUGH the surge in Singapore investment in New Zealand in the past one year is now well-publicised, questions still abound about the state of the New Zealand economy. What do the signs say? Has the economy bottomed out? When is recovery due? Which are
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      503 1 CREATING THE WORLDS MOST LUXURIOUS CLOTHS LANGHOLM SCOTLAND. DG 1 3 OBN TEL: ***** 803 I I FAX: ***** ***** STG moves ahead SINGAPORE Technologies Holdings has gone into yet another commercial activity air-cargo transportation through a subsidiary, Asia Pacific Logistic Services Pte Ltd Page 3 Hang Seng set to
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      Page 1 Advertisements Column 2
      63 1 is a big name in Singapore business. He is among H the last survivors of a breed of pioneers who left China to W] seek their fortunes in South- m 1 east Asia. This picture, taken JB/ 1938/39 when was 23, shows him in his old office in Robinson Road.
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      70 1 Interview with Prime Minister Jim Bolger, BT Supplement Pg Two The control of inflation in New Zealand, Pg9 Naturally enthusiastic. Aboard Japan Airfinee, you quiddy sense a genuine who encounter the nefrertinghoapitafity of JALonoa, doao enthuanam onthepartof thein-flghtcrew. tfsaaaytoaaa again and again. Welcome aboard Japan Artnaa.Whare a they enjoy what
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      Page 1 Advertisements Column 4
      27 1 I Laser Printers Dot-Matrix Printers If Electronic Lettering Systems I CaH 743 8000 for further details France, Singapore can be partners in Asia: Srmhawaag chairman, Pg 2
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        Sixteen hurt in tanker blast
        58 2 SIXTEEN PEOPLE were injured yesterday in an explosion aboard a tanker off Singapore's territorial waters, a Marine Police spokesman said. He said the explosion happened aboard the Panamanian registered tanker Lotus M. Police and port authority boats ferried the injured to a Singapore hospital where
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      • Article
        Suntec City appointment
        63 2 SUNTEC CITY Development has appointed John Betteley as deputy general manager responsible for the planning, development, construction and progress of the Suntec City project. The project, which comprises the Singapore International Convention Exhibition Centre, five office buildings and a retail podium, is the single largest privately-owned commercial
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      • Article
        A message on savings and skills
        76 2 SINGAPORE must save and invest in skills to make its population even more productive, Deputy Prime Minister Brigadier-General (Res) Lee Hsien Loong told 900 Teck Ghee residents at a Lunar New Year dinner on Saturday. He warned his audience against Singapore going the way
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      • Article
        Malay language call
        61 2 THE mass media, government and private institutions should help keep the Malay language relevant in today's Singapore, said Minister of State (Education) Sidek Saniff at a language symposium on Saturday. Mr Sidek noted that the percentage of Malays who used Malay at home in 1990 was only
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      • Article
        Toshiba named Fist reseller
        67 2 UK-BASED software house Kapiti Ltd has appointed Toshiba Corporation a "value-added reseller" of its dealing room package, Fist, in Japan. A statement from Kapiti Singapore said Toshiba would use Fist Financial Information Systems Toolkit as its central platform to build new financial application products. The new
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      • Article
        AA membership draw
        56 2 THE Automobile Association of Singapore is giving away a Volvo 460 GLE worth $92,000 via a lucky draw to boost its membership. New members who join the AA between March 1 and Nov 30 of this year also stand to win British Airways tickets to Perth, Shell
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      • Article
        Stamps on local artists' works
        73 2 THE Singapore Philatelic Bureau will be releasing a special stamp issue, which consists of a set of four stamps featuring the works of talented local artists, on March 11. The artists are Georgette Chen Liying, Lim Cheng Hoe, Poh Siew Wah and Lee Boon Wang.
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    • Article, Illustration
      France, S'pore can be partners in Asia: S'wang chairman
      498 2  -  Singapore investment mission to Europe From Genevieve Cua in PARIS SEMBAWANG chairman Hsu Tse Kwang made a strong case for Singapore as France's strategic partner for expansion in Asia last Thursday. Speaking during a roundtable discussion on partnerships, he said: "We
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    • Article
      Paris giving priority to trade with S-E Asia
      364 2 French keen on partnership with S'pore firms PARIS Today's world is seeing a more outwardlooking France that is keen to invest overseas and nurture ties with Asia and South-east Asia as a priority, said France's Minister of State for Trade and Industry,
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    • Article
      Long-term view needed for investments in E Europe
      356 2 PARIS Companies seeking to invest in Eastern Europe must take the long view as a lot more work is involved than simply pumping money into an acquisition, says P Solente, a vicepresident of L'Air Liquide, a giant in the manufacture of industrial
      356 words
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      Page 2 Advertisements Column 1
      254 2 "ji T IbN* Jfc- It WESp ESS Can your top salesman build you a network of 8,225* business potentials? From 44 countries? SIBEX can! SIB CX'Ptt caneaufp *9s The 6th South East Asian Construction Equipment Exposition 16 MAY 1992 HALLS 1,2,3 A OinMOR WORLD TRADE SINGAPORE How can you be
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      Page 2 Advertisements Column 2
      74 2 The Hilton British Airways Playhouse presents HENRY McGEE MARGARET ASHCROFT CAROL CLEVELAND JOHN PENNINGTON In Thn Woi End A two Comedy and two makes Wjt RICHARD M Saucy LESLIE Comedy has them MICHELLE MARTIN BARNY CLEVELY rolling in the ■^IWSMyiVi^;Wt]^M Aisle Produced by Designed by DEREK NIMMO JOHN ELVERY 'achingly
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  • COMPANY NEWS 1
    • Article, Illustration
      Singapore Technologies in air-freight venture
      587 3  -  Subsidiary teams up with Sembawang and Keppel groups By Carolyn Lim SINGAPORE Govern-ment-linked conglomerate Singapore Technologies Holdings has gone into yet another commercial activity air-cargo transportation through a subsidiary, Asia Pacific Logistic Services Pte Ltd. Two other Singapore giants are also partners in the venture
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    • Article
      Sin Heng Chan expands Philippine operations
      389 3  -  From Al O Labita Jr in MANILA THE Kuala Lumpur-listed Sin Heng Chan Group (SHC) is venturing into stockbroking in the Philippines in an apparent bid to diversify, but it has also set up another company to promote its traditional agro-based business. In the
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    • Article
      L&M seeking advice on Guthrie bid
      130 3 SINGAPORE L&M Group Investments has said it is getting advice on a conditional offer of Guthrie GTS and a circular incorporating the recommendation from independent directors will be sent to shareholders. The specialist contractor added that it will seek approval to exempt Ben Yeo
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    • Article
      Hang Seng expected to hit 5,000
      590 3  -  MARKET TALK By Catherine Ong HONGKONG Sometime this year, the Hongkong stock market will breach the 5,000 mark on the Hang Seng index, although uncertainties in US-Sino trade frictions could dampen investors' sentiment and cause "sporadic gyrations", analysts predict. Most brokerages are putting out
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    • Article
      Low Keng Huat wins $31m job from CPF Board
      221 3 SINGAPORE Low Keng Huat (Singapore) Ltd, whose public share offer closes tomorrow, said yesterday it has secured a $31 million job from the Central Provident Fund Board. The contractor will build a nine-storey CPF branch office and computer centre in Tampines
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    • Article
      BT Composite Index revised from today
      251 3 SINGAPORE Business Times will be making changes to its BT Composite Index with effect from today. There will be no changes to the Straits Times Industrials Index or the Business TimesMorgan Grenfell Asia Index. The last update was in June 1991. Wherever possible, changes
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    • COMPANY BRIEFS
      • Article
        Public Finance performs well
        113 3 KUALA LUMPUR Public Bank president and chief executive officer Tan Sri Dr Teh Hong Piow, in his annual review of the group, said that the buoyant hire purchase market saw wholly-owned subsidiary Public Finance achieve a record pre-tax profit of M 538.39 million (5524.2 million), a
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      • Article
        Gadek pre-tax profit up 27.7pc
        63 3 KUALA LUMPUR Gadek (Malaysia) has recorded a 27.7 per cent increase in pre-tax profit to M 5784,829 (*****,303) for the year ended Dec 31, 1991. Turnover rose 1.7 per cent to M 53.32 million and the company said that if its proposed acquisition of United
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      • Article
        Grand United revamp gets nod
        64 3 KUALA LUMPUR Grand United Holdings has received approval from the High Court of Malaya for its composite schemes of arrangement in relation to its proposed restructuring scheme. The scheme involves a capital reduction, debt equity conversion, acquisition of assets and a rights issue is now
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      • Article
        Pilecon unit changes name
        27 3 KUALA LUMPUR Pilecon Industrial Marketing, a wholly-owned subsidiary of Pilecon Engineering, has changed its name to Pilecon Industrial Engineering from Jan 31, 1992.
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    • Article
      Lock icon Chin Teck expects M$8.5m profit
      195 3 Bernama KUALA LUMPUR Chin Teck Plantations Bhd is expected to make a 20 per cent improvement in its pre-tax profit to about MsB.s million (555.3 million) for the financial year ending Aug 31, 1992, executive director Wong Aun Phui said here on Saturday. Speaking to
      Bernama  -  195 words
    • COMPANY BRIEFS
      • Article
        Foreign investors in China property deal
        99 4 TAIPEI A group including Taiwanese, Japanese and Hongkong interests is investing US$3O million (Ss49 million) in a property development project in China. Jack Rock Development Ltd is building 800 villas and an 18-hole golf course on 2.64 million sq m of land in the
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      • Article
        Green light to buy Chinese coal
        110 4 TAIPEI Taiwan's state-owned power utility, Taiwan Power Co, has been given government permission to buy Chinese coal on the international spot market, the semiofficial Central News Agency said yesterday. Purchases of Chinese coal were banned for more than four decades because of political tension
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      • Article
        Western Mining warning
        111 4 Western Mining Corp Holdings Ltd has said i that if world metal prices stay weak, the company's profit in the half-year to June could be even lower than the poor result it recorded in the half-year to December. "During these six months, we don't see any increase
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      • Article
        Joint-venture mills to be revived
        62 4 Pakistan and Iran will soon revive their two point-venture textile mills closed nine years ago. Pakistani r-Production Minister Islam Nabi said last Saturday that the Jimills at Uthal and Baleli in the south-western province of bordering Iran would restart under a new company, Pak-Iran Industries
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      • Article
        Transformation for Krupp
        94 4 Germany Fried Krupp GmbH, the German and engineering firm taking over rival Hoesch AG, £vill be transformed into a joint stock firm, or Aktiengesellsjtfiaft, from a limited liability company, or GmbH. Krupp Staid after a supervisory board meeting last Saturday that its ywners had approved the transformation.
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      • Article
        Chevron to sell more oil fields
        64 4 SAN FRANCISCO Chevron Corp, which announced a sweeping cost-cutting plan last month, plans to sell 300 to 400 more of its domestic oil fields than it had previously announced. A spokeswoman said last Thursday that Chevron now planned to reduce the number of domestic
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    • Article, Illustration
      Lock icon IBM could reap huge rewards from OEM role
      556 4 Selling its wares under other labels could generate good revenues Reuter NEW YORK A once guarded International Business Machines Corp has flung the doors wide open, making many of its products available to rivals at a price. The new emphasis on its
      Reuter  -  556 words
    • Article
      Lock icon S Korean regulators postpone Hyundai units' rights issues again
      347 4 Reuter SEOUL South Korea's Securities Supervisory Board (SSB) has decided to postpone for the sixth time applications by two subsidiaries of Hyundai Group to raise funds on the Seoul stock market. Hyundai Precision and Industries Co Ltd and Hyundai Wood Industries
      Reuter  -  347 words
    • Article
      Lock icon Chinese Estates privatisation move may face delay
      215 4 Reuter HONGKONG A privatisation bid by Evergo International Holdings Co to buy the 50.4 per cent shares of Hongkong property firm Chinese Estates it does not already own could be delayed, Chinese Estates said on Saturday. It said delays were likely in the
      Reuter  -  215 words
    • Article
      Lock icon Fletcher seen facing tough year ahead
      418 4 Reuter AUCKLAND A stubborn recession in its major markets and a sustained drop in commodity prices mean 1991/92 is likely to be a rotten year for Fletcher Challenge (FCL), which will report lower first-half profit and a lower dividend tomorrow, industry analysts said. Only
      Reuter  -  418 words
    • Article
      Lock icon Nestle wins new round in fight for Perrier
      387 4 Reuter PARIS France has approved Swiss-based Nestle SA's offer to buy mineral water group Source Perrier SA, clearing the way for the hostile takeover bid to move forward on the Paris bourse, Nestle's ally said on Saturday. The French Finance Ministry approved
      Reuter  -  387 words
    • Article
      Lock icon Dealers see quick profit in Maxwell bonds
      509 4 Optimists betting on the empire striking back Reuter LONDON Robert Maxwell's collapsed media empire left investors US$5 billion (SsB.lB billion) out of pocket. But what the trade calls "bond vultures" are circling his company now and they scent money amid the ruins. His
      Reuter  -  509 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      107 3 j^ Towering 23 storeys high, a landmark 79 3 minute walk to the Tanjong Pagar address at the junction of Anson Road MRT station Designed with intelliand Palmer Road, 79 Anson Road makes gent building technology Column-free all the difference between getting there ■***<«■ office space "Floor loading of 4
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      219 4 Secret Eye Catches~P3Eßlue-Shirt The Sony SSOC3SO /cokxj r video camera system system gives you a new B dimension to security. Because now you can monitor your security in full colour. And with Sony's advanced V» inch Hyper HAD technology for dear and sharp pictures even with low light conditions of
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      366 5 m. .V ijfe-f* «o» n •*< <*?lgg|'-S> 'JJMIMJk 1 j*. Z v ~»«v -*.-•t< 1- *j <■■.. i. v v< >»-f *>-. -«w.a> v-r ".v..-, !i 4K'- •/■>• V >•-" •?....<*» -Sf V**' iA '.>* «s*»A'*>■?{■**>■ -< A.■.ft****"*?**- 4<| ■»•> aw>■*#** rys.' ft >•.. «f-A- i- V*- 4 'fl** 1
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Japan's long-term credit banks to raise prime
        97 6 TOKYO Japan's three long-term credit banks may raise their long-term prime rates in March, for the first time since last July, if current market conditions last over the coming week, bank officials said. The long-term prime rate now stands at 6 per cent.
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      • Article
        Pakistan bank to auction bonds
        64 6 KARACHI, Pakistan The State (central) Bank of Pakistan said it had invited tenders up to Wednesday for the sale of federal investment bonds worth five billion rupees. The bank said the bonds of the maturity periods of three, five and 10 years would carry an
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      • Article
        City advisers convicted of fraud
        110 6 LONDON Four former financial advisers were convicted on Friday of conspiracy to mislead the market over the outcome of an £837 million (552.42 billion) share issue for the Blue Arrow employment agency. The jury at London's central criminal court cleared a fifth man of the
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      • Article
        Treuhand doubles CP programme
        59 6 BERLIN Germany's Treuhand privatisation will raise its commercial paper (CP) programme to 10 billion marks (SS 10.06 billion) from five billion marks. A spokesman said Treuhand, which has a fund requirement of about 30 billion marks this year, could reduce interest costs by using the CP
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      • Article
        Japanese bank gets lower rating
        87 6 TOKYO Moody's Investors Service Inc said on Friday it had lowered the long-term credit rating of Kyowa-Saitama Bank Ltd to reflect deteriorating asset quality and growing competitive challenges. The rating agency said the downgrade, from AA3 to A 1 on senior debt and long-term deposits
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      • Article
        Kajima to raise loans to unit
        71 6 TOKYO Japan's Kajima Corp will boost loans to its wholly-owned subsidiary Kajima Leasing Corp to help the firm raise funds to finance an increasing number of leasing contracts. A parent company spokesman said that as of Sep 30, 1991, Kajima had loans worth 62.3
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      • Article
        Help for Kenyan bank
        50 6 NAIROBI Kenya's central bank is trying to help a local b&k owed U5524.88 million by senior politicians to recover Senior bank officials said a manager had been aFsbinted to assist Pan African Bank faced with a serious liquidity crisis to "recover huge advances to influential politicians".
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      • Article
        Pacific Capital arranging loan
        78 6 HONGKONG Pacific Capital Ltd, the merchant banking arjb of Pacific Electric Wire Cable Co Ltd, will arrange a US$5O million syndicated loan in conjunction with CEF Coital Ltd, co-arranger CEF said. The 2-1/2 year loan will cajry interest of three or six-month London Interbank Offeied Rate
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    • Article
      Lock icon Visa reports rise in Asia-Pacific counterfeiting activities
      331 6 UPI SAN FRANCISCO Visa International said last Friday its annual losses from counterfeit cards have nearly doubled to US$lOO million (SS 163.6 million), due mainly to a surge in counterfeiting rings in the Asia-Pacific region. Visa, which has issued more than 274 million
      UPI  -  331 words
    • Article
      Lock icon Taipei allegedly curbing inflow of foreign funds
      485 6 Bid to prevent currency from rising Reuter TAIPEI Taiwan's central bank is curbing the flow of foreign equity investment funds into the island to try to stop the local currency from rising, sources say. The central bank is delaying approving remittances of funds
      Reuter  -  485 words
    • Article
      November money supply trends reflect slowdown
      298 6 SINGAPORE Trends in money supply last November continued to reflect the steady slowdown in nominal GDP growth and, after seven consecutive months of decline, the fall in total assets/liabilities of Asian Currency Units (ACU) appeared to be bottoming out, according to the monthly statistical
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    • Article
      Lock icon Oman offers to reimburse depositors, creditors
      140 6 AFP MUSCAT The Central Bank of Oman offered on Saturday to spend 57 million riyals (about ***** million) to reimburse depositors of local branches of the scandalridden and bankrupt Bank of Credit and Commerce International (BCCI). The offer came as the central bank announced
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    • Article
      Lock icon African bank fund to buy four BCCI branches
      471 6 The BCCI collapse Reuter ABIDJAN The African Development Bank (AfDB) says it will restructure its Nigeria Trust Fund (NTF) to buy four branches of the scandal-hit Bank of Credit and Commerce International (BCCI). "The board of directors of the African Development Bank
      Reuter  -  471 words
    • Article, Illustration
      Lock icon Salomon meets analysts, investors
      487 6 Reuter NEW YORK Salomon Inc threw its doors open to analysts and investors last Friday, the first time since it admitted US Treasury auction violations last August. But in spite of the forum with top officers, analysts said the firm's future was still unclear. "They still
      Reuter  -  487 words
    • Article
      Lock icon AG-Generale deal expected soon
      434 6 Reuter BRUSSELS Analysts say an agreement on bankinginsurance cooperation between Belgium's biggest bank, Generale Bank N V, and insurer Cie Financiere et de Reassurance du Groupe AG will be reached within the next few months. "I don't think an agreement is longer than a few months
      Reuter  -  434 words
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      224 6 m I THEME PARES I at AnßAcnoivs 27-28 April 1992 Pan Pacific Hotel, Singapore —S r— £Meet the Industry Leaders of Asia and America In conjunction with international Presentations from: EfSffi9 -Gary Goddard, CEO, Landmark Entertainment Group (USA) IJbjyfl John R. Graff, Executive Director Counsel, International Association of Amusement Parks
      224 words
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  • THE REGION
    • Article
      Shortage of office space to hit HK next year: report
      792 7 HONGKONG Hongkong will face a shortage of prime office space next year, South China Morning Post has reported, quoting preliminary government figures. It said only 86,000 sq ft of Grade A office space the equivalent of about eight floors in
      792 words
    • Article
      Bangkok urged to reduce duties on raw materials
      304 7 BANGKOK The electrical and electronics industry in Thailand has proposed that the government reduce import duties on raw materials to levels currently used by other Asean countries so that Thai industries will be competitive under the framework of the Asean Free Trade
      304 words
    • Article
      Lock icon Indon craftsmen follow tradition of Chippendale
      471 7 IHT KLATEN, Indonesia The Klaten district of Central Java, the main island of Indonesia, is one of the most densely populated rural areas in the world. More than 1.7 million people are packed into S5O square kilometres (210 square miles). As a result, the
      IHT  -  471 words
    • Article
      Jakarta to reform investment licensing system
      311 7 JAKARTA Indonesia is to reform its investment licensing procedures soon to enable the country to compete with its South-east Asian neighbours in attracting foreign investors, says the Jakarta Post in a report quoting Minister of Industries Hartarto. The minister said that the simplification of
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    • NOTE BOOK
      • Article
        Italian trade team seeks deals with Indonesians
        90 7 JAKARTA Italy is keen to boost cooperation with Indonesia and jointly manufacture various kinds of products for the promising markets in the US and the European Community, says a report in the Jakarta Post. "As Indonesia could provide abundant raw materials and our
        90 words
      • Article
        Rattan woes for Malaysia
        74 7 KUALA LUMPUR The Malaysian Rattan Furniture Industry Group has attributed the industry's infant status to the inconsistent supply of raw materials and insufficient skilled labour. It said that in spite of the ban on export of raw rattan, substantially large amounts still leave the country for
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      • Article
        Philippines set to use more coal
        75 7 MANILA The Philippines' demand for coal will increase sharply as the country's energy requirements rise, according to a recently prepared energy plan. Imported coal would account for 11 per cent of the total energy mix by the year 2000 from 2.6 per cent in
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      • Article
        Aussie trade minister in UAE
        61 7 ABU DHABI The Australian Junior Minister for Trade and Overseas Development, John Kerin, discussed economic cooperation last Saturday in the United Arab Emirates (UAE), a major oil exporter to Canberra. Mr Kerin, who arrived here last Friday, met Economy and Trade Minister Said Gobash and
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      Page 7 Advertisements Column 1
      162 7 A' J- f# tt] -ty tt •4 <■*.! v y| 1 Grand Hyatt Jakarta Now there's a hotel in Jakarta offering a style and service that the city has been waiting for. Located in the heart of Jakarta's key business district, Grand Hyatt rises up out of three hectares of
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  • THE WORLD
    • WORLD WATCH
      • Article
        American trade mission to visit Taiwan
        72 8 WASHINGTON A US trade mission is visiting Taiwan this week in hopes of boosting American exports and landing a role in Taipei's six-year development programme. US Assistant Commerce Secretary' Thomas Duesterberg, who will accompany the group, will be the highest-ranking American official to visit
        72 words
      • Article
        China lauds Dutch move on subs
        108 8 BEIJING China has praised the Netherlands for stopping a US$l.5 billion (552.5 billion) sale of four submarines to Taiwan, while a Taiwanese legislator urged his government to retaliate against Dutch companies. "China appreciates this decision made by the Dutch government and believes that this
        108 words
      • Article
        G-7 to hold preparatory talks
        99 8 BONN The Group of Seven (G-7) most industrialised democracies are to hold preparatory talks in Bonn on Feb 28 ahead of their July summit, the German Foreign Ministry said last Saturday. The G-7 officials are to consider whether to invite Russian President Boris Yeltsin and
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      • Article
        EC biofuel tax plan draws fire
        105 8 BRUSSELS The European Commission is preparing plans for tax breaks on fuels made from plants to curb pollution from petrol and diesel fumes and help farmers find new uses for their crops, sources said last Friday. But some ecologists in the European Community are
        105 words
      • Article
        Aid terms for Pretoria
        65 8 JOHANNESBURG World Bank president Lewis Preston says South Africa will not be considered for aid until black and white leaders have reached a consensus on a democratic Constitution. He told reporters at the end of an exploratory visit last Friday that he had been surprised at
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      • Article
        Bush to hold drug summit
        89 8 SAN ANTONIO, Texas US President George Bush will hold one-on-one talks on a range of topics with six Latin American heads of state at a drug summit later this month, a White House spokesman said last Friday. The summit begins here on Feb 27 and
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    • Article, Illustration
      Lock icon Vienna gearing up to become region's economic hub
      488 8 City becoming front line of East-West link-ups AFP VIENNA Less than three years after the Iron Curtain disappeared from Central Europe, Vienna, one of its prime historic centres traditionally associated with the waltz and fine pastry, is gearing up to become the
      AFP  -  488 words
    • Article
      Lock icon China to use foreign reserves to boost technology imports
      288 8 Reuter BEIJING China will use some of its foreign exchange reserves to increase imports of technology substantially as it tries to modernise industry and develop the economy. The official China Daily said yesterday that the government will use the reserves, which
      Reuter  -  288 words
    • Article, Illustration
      Lock icon Yeltsin critic defends stand on economy
      511 8 Reuter MOSCOW Russian VicePresident Alexander Rutskoi has defended his practice of attacking the radical economic policies of President Boris Yeltsin's government. "Neither the President nor I promised people beggary in our electoral campaign," he told the former communist party daily Pravda in remarks published
      Reuter  -  511 words
    • Article
      Lock icon Unctad chief acknowledges need for reforms
      431 8 Reutcr CARTAGENA, Colombia The head of the United Nations agency promoting world trade and development recognises the need for reforms, following Western accusations that it has become a stagnant and divisive talking shop. Kenneth Dadzie, secre-tary-general of the United Nations Conference on Trade and
      Reutcr  -  431 words
    • Article
      Lock icon Tokyo pledges continued aid for developing nations
      258 8 AFP CARTAGENA, Colombia Japan has told the eighth session of the United Nations Conference on Trade and Development (Unctad) that it will press on with efforts to reduce disparities between developed and developing countries. "Japan has been careful to provide assistance to the
      AFP  -  258 words
    • Article, Illustration
      Lock icon Tories' polls hopes undented by economy
      367 8 Reuter LONDON Bad economic news has not seriously dented the electoral chances of Britain's Conservative government, according to opinion polls released over the weekend. But the Conservatives are running an uncomfortably close race with the opposition Labour Party as the two jostle for position
      Reuter  -  367 words
    • Article
      Lock icon Portugal makes little progress
      564 8 Soaring domestic demand and tight labour to blame, says OECD Reuter LISBON The Organisation for Economic Cooperation and Development (OECD) last week said Portugal had made little progress in fighting inflation and was unlikely to meet its 8 per cent target in 1992. While praising Portugal's
      Reuter  -  564 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      197 8 HOW TO STAY TRIM IN BUSINESS BY CUTTING CORNERS These days, to stay successful in business, one has to be highly competitive/That means having the right image, up- to- date office equipment and full time experienced staff; yet keeping low overheads. Here at World Wide Business Centre Pie Ltd. we
      197 words
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  • ANALYSIS
    • Article
      Democracy under attack
      781 9  -  The fall of communism has not led to the revival of democracy. Rather, the latter is being attacked as an unaffordable luxury. Dominique Moisi reports on the criticism coming from Asia Dominique Moisi The writer is associate editor of the Institut Franais des Relations Internationales and editor
      781 words
    • Article, Illustration
      Lock icon A contribution to future NZ prosperity
      1334 9  -  Donald T Brash, Governor of the Reserve Bank of New Zealand, explains his monetary policy Donald T Brash, Through most of the *****, New Zealand had one of the worst inflation records of any OECD country. In the early 1980s, inflation was sharply reduced,
      Source: Reserve Bank of New Zealand  -  1,334 words
    • Article
      Lock icon Pact with power to fuel a worldwide boom
      891 9  -  A Uruguay Round services agreement, which potentially touches total commercial services production of perhaps US$l2,OOO billion worldwide, could be the key to economic expansion, writes Frances Williams Frances Williams FT THE draft agreement on services trade negotiated in the Uruguay Round could
      FT  -  891 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      74 9 DOONESBURY by garry trudeau SOME OF YOU MAT hUHY? SIMPLE FAIRNESS.' TRUE, TRASHING THEREfUTABEWONDERJN6IW [Z/Zzzz MY SHOULD THE PUTATIVE HON OF A S/77JMS PRESIDENT MOM'S ANOTHER. uajnt 60.P NOMINEE NOT BE HELD FOR*25 DOES SEEM A BiT 29 SMACKS rAfSKX THE BUSH- Gf/y* TO THE SAME STANDARDS OF 9&OND THE
      74 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      681 10 Nad ling Beats A Bud-whem to wine, mne im DIANXIN TEMPTATIONS Continuing the parade of culinary gems incomparable Ruyi offers a fine selection of Dian Xin. From our creative A la Carle menu treat yourself to al the Dian Xin you can enjoy for $16.80++ per person. Open da#/ from
      681 words
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      Page 10 Advertisements Column 2
      273 10 Local Tea Time delights at Chatterbox fJT' every Friday, Saturday and Sunday. 3 pin to 5.30 pm. $14.50-*- per penon 58.50+ per child (below 10 yn) Mgjaw* Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pm to 4 pm. $14.00++ per penon $10.00+ per child (below 10 yrs)
      273 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      677 10 TELEVISION AND RADIO J A 6.00 Tsmasya Aksi Mat Yoyo at Ulu 4.00 No 0m But Yon. 'mmmmmmmMkMtM; frfrT Q\/QTllirt oiihtid pand«n<pti.M,Children). 4.30 RushthosocondOMostTrado AAyy 1 /I V/ll lIIU Hlllllltr 6.30 Best of Disnoy The Pirates Live to Fight Another T "IV, X V UtAll ft UUllllV 7.25 AM Opening.
      677 words
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  • THE ARTS
    • Article, Illustration
      Lock icon Hooray! Hooray! The Globolinks!
      836 11  -  Amphibious creatures known as Globolinks overran the Victoria Theatre last Friday night and soon had the audience under their spell. P Y Van was one of the many who enjoyed the invasion P Y Van GIAN Carlo Menotti's Help! Help! The Globolinks!, an opera written for
      Photo by Arthur Lee  -  836 words
    • Article, Illustration
      Lock icon Satyajit Ray honoured, without profit in his land
      846 11  -  Edward A Gargan talks to Satyajit Ray, who has won Hollywood's highest accolade for his moving pictures Edward A Gargan NYT SLOUCHED in his favourite leather armchair, a fine wool shawl pulled around his cloud-white cotton pajamastyle kurta, Satyajit Ray peers around
      NYT  -  846 words
    • Article
      Agantuk to be shown at S'pore festival
      181 11 A GANTUK (The Zj Stranger), the ac--Z -A. claimed new film by Satyajit Ray, will be screened at the fifth Singapore International Film Festival in April, festival authorities disclosed to BT. The 70-year-old Ray was admitted to the Bellevue Nursing Home in Calcutta
      181 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      262 11 AND ENTERTAIN HI j High Tea Classics Danish pastries. Fresh cakes. Savoury Dian Xin. Mee Siam. Samosas. Quiche Lorrain. Spring Rolls. Fresh Fruits. Cookies. Every Saturday. 3 to 5 pm. $12.50++ per person. Fashionshow at 4 pm. ANA HOTEL SINGAPORE For reservations, e M s*ig«por« iok please call 732-1222 ext
      262 words
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      Page 11 Advertisements Column 2
      64 11 CHINESE NEW YEAR AT fIKX MARINA BAY CHINA CHINA RESTAURANT Set menus from $8872 persons a to $*****0 persons A la caita menu from $14 to 60 per dish NISHIKI JAPANESE RESTAURANT k Set menus from $30* $357 person Yo *°*'t U> kt a mtmbrr to e*foj fl** +Hin g
      64 words
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  • ENTERPRISE & MANAGEMENT 1
    • Article, Illustration
      Little things that matter
      818 12  -  Salil Tripathi examines childcare needs facing the female worker, while another article looks at female workers' lot in Japan Salil Tripathi Fact Female participation in workforce is increasing. Fact: Percentage of women with children under six years of age working outside home is increasing. Fact Percentage
      818 words
    • Article
      Lock icon Japanese women make slow if steady progress
      601 12 Asahi WOMEN account for nearly 40 per cent of Japan's workforce, but surveys show they are far from obtaining equal status with men in the workplace and lack sufficient support for child-care. There were last year numerous news reports on the "first woman"
      Asahi  -  601 words
    • Article, Illustration
      The making of a S'pore tycoon
      2145 13  -  Banker Lien Ying Chow relates his success story, as well as his work and business philosophy, in a new book. Chuang Peck Ming reports Chuang Peck Ming HE is often seen at state functions, big business gatherings, or major social events. A small wizened
      2,145 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      62 12 B Some People Actually Claim They Come to The Lobby Lounge for Our Famous Irish Coffee Whatever the reasons, one thing's for sure. The Lobby Lounge is still the best place to meet your friends. After work, after dinner, after all these years. Omni#Marco Polo Hotel Singapore WARMLY WELCOMING PEOPLE.
      62 words
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      Page 12 Advertisements Column 2
      25 12 Investments I in New Zealand I A 14-page special feature I with your copy of I Business Times today. I Do not miss it! I
      25 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      171 13 We want to help you! Small Enterprises computerize your payroll Cdirim OPCOTDgy a*ow*Jl V I*l Me Prta»P«yS** a (For processing up to 20 employees) Call: *****09 PIT KMTIWABB PR LTD f Blk 1000 Tot Pajroh Industrial P*rk m 104-1619 Loroef STo*Pqroh Singapore 1281. Toi: *****09 Fax:(63)*****44 Sfc EDITION PJTt fmtmrm
      171 words
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  • SPORTS 1
    • SIDE LINES
      • Article
        Piquet leaving F-1 circuit for Indy 500
        133 14 RIO DE JANEIRO Three-time world champion Nelson Piquet will leave the Formula One circuit to race in the Indianapolis 500 in the United States. Rio daily O Globo quoted the 1981, 1983 and 1987 champion from Brazil as saying he would sit out
        133 words
      • Article
        Ondoro beaten by unknown
        55 14 NAIROBI Osoro Ondoro, the lAAF world cross-country challenge series leader, and John Ngugi, the four-times world champion, were among top Kenyan athletes beaten by unknown 21-year-old Paul Tergat in the national championship here on Saturday. Tergat, a serviceman in the army, ran a tactical race to
        55 words
      • Article
        Morgan's moment of glory
        76 14 NEWPORT, Wales Local hero Darren Morgan shed a few tears after reaching the first ranking tournament final of his four-year professional career at the Welsh Open here on Saturday. Welsh champion Morgan beat world title holder John Parrott 6-3 in the semi-finals of the £120,000 tournament
        76 words
      • Article
        Storms postpone races
        99 14 SAN DIEGO All five America's Cup races were postponed on Saturday as the third in a series of torrential storms battered the Southern California coast. Meanwhile, the Russian Red Star '92 syndicate, forced to withdraw from America's Cup competition when its boat failed to arrive in time,
        99 words
    • Article, Illustration
      Lock icon Sensational upset by Lee-Gartner
      396 14 Winter Olympics AP MERIBEL, France Canadian skier Kerrin Lee-Gart-ner had never won a World Cup event, but that did not stop her from dreaming of and capturing an Olympic gold. Lee-Gartner pulled off a sensational upset in Saturday's downhill. Hilary Lindh of the United States, another
      AP  -  396 words
    • Article, Illustration
      Lock icon Mey captures 500m gold again
      283 14 AP ALBERTVILLE, France Uwe-Jens Mey had just repeated as the Olympic gold medallist in 500-metre speedskating when he was asked whether he would go for a record-breaking third title. Maybe, the 28-year-old German star conceded on Saturday. After all, it's only two years until the
      AP  -  283 words
    • Article
      Lock icon It's not just plain skiing
      347 14 NYT NEW YORK You may feel inspired by the feats of the Olympic skiers, but imitating their moves on the slopes may leave you with a knee or shoulder injury, sports doctors say. Skiing is the number-one cause of winter sports-related injuries, said Dr James
      NYT  -  347 words
    • Article, Illustration
      Lock icon Krabbe banned for four years, court fight expected
      487 15 AP DjARMSTADT, Germany The German athletics federation suspended world sprint champion Katrin Krabbe and two of her team-mates for fqur years on Saturday for falsifying a drug test. Grit Breuer and Silke Moeller were also suspended by the DLV in a matter
      AP  -  487 words
    • Article
      Lock icon Wessels carries heavy responsibility
      325 15 Reuter JOHANNESBURG Keppler Wessels faces the twin burden of not only leading South Africa on its return to the full international arena but also winning the hearts of his own countrymen when the cricket World Cup opens this week. Some of his compatriots have criticised him
      Reuter  -  325 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      113 14 2 COVERED CAR PARK BAYS PER UNITjM 42 DIFFERENT LAYOUTS m LOW-RISE BLOCKS WITH LIFTS PRICE FROM M 5489,000 PER UNIT Marketing Agent: RajrChcahLcvett<eßaikyHHcr m Development Manager* Td: 05-250 4077 m W Arab-Malaysian Development Bertiad D^ r i^t m. :(S)^fKr/ L/um^, Building plan No.: (51) dbn BP 255 90/ A
      113 words
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      Page 15 Advertisements Column 1
      206 15 Igu^mSgff&fyjS?' >OP^^BEBi flulH^fllrJnGHflL "l»MfVfflF 1 g fttMiif'i T'**<»^* k*iAfcfiifcfr r biaL Xjf# i>, MrlJ -J^-'i^*ffyy^fcfrfei*- 1 -■£> E^F^tul ,^raßlj^''*c > -Y >"i t- *v The next best thing to playing golf is to play at the J RIVER VIEW new MINI GOLF!! A beautifully landscaped 9-hole putting green, and 3-bay
      206 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Analysts see lower prices on thin turnover
      4725 16  -  By Claire Leow AFTER A WEEK of initial gains on Malaysian counters, followed by profit-taking mid-week, analysts expect the market to drift even lower this week and on a much reduced volume. In its weekly report, Chin Tung Research International predicted that retail
      4,725 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3433 18 Oe*injpi 50* 815 +45 +5.8* H Uobj Ind 50- 555 +35 +6.7% Ptafit Plant 515 +35 +7.3* Rcahmans M 50* 900 35 4.0* M«M M 396 +24 -6 5% Leader U 490 +24 +5.2% Rashtd Hurnin 228 +22 +10.7% Sin* UEP Prop 220 +22 +11.1%
    3,433 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Profit-taking takes toll on market rally
      5309 19 Bernama MIDWEEK profit-taking halted the rally on the Kuala Lumpur Stock Exchange last week and prices drifted downwards through the last three trading days. Still, thanks to the rally in the earlier part of the week, prices were generally higher compared with the previous
      Bernama  -  5,309 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      RESULTS FORECAST
      390 20 fkk Uart Last Fri Tur Finest Mi <M MPralt EPS mmi Tmt EPS firm praM taagi Kmc* hW M jr Mtag (eh) (VIM) (Ua) (eh) Mi Simp I Feb 18 Jun 92 13.6 13.0 16.894 10.0—19 3 8.0 —15.5 F Feb 21 Oec 91 19 0 9.0 22.050
      390 words
    • Article
      PRELIMINARY RESULTS
      130 20 Campaay Date Yaar Croup pretax N«t aaralags Cress to proAt/l«*s (L) par skirt dhrtdaad C000) (caats) G Securities Feb 12 Dec 91 $2,070(83.029) 3.1(2) 10(10) Pubhc Bank Ian 27 Dec 91 »fl$164,626(8128.235) 129(9.7) 85(6) NST Jan 16 Aug 91 M$82.007<$80.274) 30 9(33 20(10) KL Kepong Dec 27 Sep
      130 words
    • Article
      PROPOSED ISSUES
      523 20 Company Rights Issue Mwa Tadi One-tor-one fe S1.00 per start Ma Issue of $90 978m nommaI amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 489m detachable warrants on the basis of $2 nominal amount of Bonds for every three existing shares held Every $2 nominal amount
      523 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      330 20 Iii local cwt In SI la US$ *«ty%yr*dy*yr%dy*yr Fcb l«dex cfagg cfage ctegt cfage cfagt dy World 405.30 -0.1 -0.7 0.0 -1.9 -0.5 -3.1 *EAFE 495.5 -0.2 -1.3 -0.1 -3.7 -0.6 -4.8 Europe 429.4 0.1 4.4 -0.2 0.0 -0.7 -1.2 Pacific 753.1 -0.4 -6.0 0.0
      330 words
    • Article
      INTERIM RESULTS
      348 20 Caaipaay Data Haif-yaar Gnwp pretax tatorta, aw ta pram/last (L) mmmi BWT Jan 30 Oec 91 S697($600) 50(50) M Banking tan 28 Dec 91 MS272.141 ($181,960) 8(6) Robinson Jan 27 Dec 91 114.116(111,586) 6(5) Khong Guan Jan 24 Oct 91 $346(1139) Centrepoint Jan 23 Dec 91 $10,063($9.940) 2.9(29)
      348 words
    • Article
      AUDITED RESULTS
      232 20 CMWMy Data Ymr N«t N«t •amtafs Cr*s> t* praflt/fMt (L) per share tMini COM) (cwrts) Asa Pacific Jan 24 Sep 91 J65,969(155,737) 52.1(44) 28*(26l») F&N Jan 24 Sep 91 S57,443($53,080) 32 6(30.1) 13N(I2M) Goodwood Part Jan 10 Sep 91 122.137(121.216) 49 2(47.1) 80(50) H Msia Jan 10 Sep
      232 words
    • Article
      CORPORATE DEVELOPMENTS
      236 20 Feb 12 Singapore Electronic and Engineering Ltd has revamped its corporate structure to make itself more customer-oriented and more competitve. Pubic Finance Berhad, a wholly-owned subsidiary of Public Bank Berhad, plans to float 70.47 m shares and seek a listing on the main board of the Kuala Lumpur
      236 words
    • Article
      APPROVED ISSUES
      183 20 Company Rights Issue Ma Pk Land Four for-sewn MS0 50 per share Ei-date Jan 3 Books dose: Ian 17 Acceptance Payment Mar 5 Jadu M Two-(or-one $1 00 per share Ex-date: Jan 8 Books dose Jan 20 Acceptance Payment Feb 28 MC8 Ndp One-for-ten MSI 10 per share
      183 words
    • Article
      SCRIPLESS CONVERSION
      34 20 Conversion Special Trig Scriple* Coartniot deadliae Period Treiieg Company starts (IDP) (ST) starts Jacks Iat Jan 29 Feb 20 Jan 29 Feb 20 Feb 21 SPH NY A limes Pub NY A
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    • Article
      RECORD HIGHS & LOWS
      134 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 h*t 1310.46 (11/2/92) 1992 1545 82 (27/1/92) 1992 Imt 1232.84 (2/1/92) (2/1/92) 1991 hiffc 1333.08 (3/6/91) 1W1 (3/6/91) 1991 Imt 1022.52 (16/1/91) MM tar "49 08 (16/1/91) 1990 high: *****3 (16/7/90) 15 1607.12 (27/3/90) 1990 fcr 981.07 (09/11/90) MJO tar
      134 words
    • Article
      OTHER RESULTS DUE
      1076 20 MM Ust Frt 1m 9mm taw Ml tar EPS Gran M mmmmi «dh| (cto) Ar pnfll Wpr (STM) •m Final Nov 6 Jul 91 3.0TE 17.878L MM Mm Final Feb 13 Dec 91 5.8 5.0 5.276 >«Mh Final Feb 19 Dec 91 4.0 291L M Ml Intern
      1,076 words
    • Article
      DIVIDENDS ANNOUNCED
      365 20 Cmrmt Ex Ma Date Total for Total far parmmX data daaa payabia tka y Mr last yaar *»WT 4.2% (e) Feb 7 Feb 21 Feb 28 7 7% 5 75% ham Find USlOC(b) Mar 10 Mar 20 Mar 30 USIOC US10C 12 5%TE Mac 3 Mar 13 May
      365 words
    • Article
      COMPANY MEETINGS
      97 20 Tin Htm Straits firm Press (M) Bhcfc 20tfi AGM EGM at the theatrette, Balai Berita, 31 Jatan Riong, ***** Kuala Lumpur, on Monday, Feb 17, at 11am Wean* Brothers Ltd: 77th AGM at 65 Chuka Street OCBC Centre Singapore 0104, on Wednesday, Mar 4, at 10.30 am N*
      97 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      1539 20 J "r I**** 4 trtlUtil Bay/ Start* AmmiH SfemMhip w-if StanfciHir/Ptractar Ml iavo4v«d Batof* Chgi Afttr Ckga r«S 11/02/92 Street Names Temasek Holdings (Pte) Ltd B 4,000 48,147 109.087,497 20.89 109,091,497 2090 Merit** 11/02/92 Street Names Temasek Holdings (Pte) Ltd *S 20,000 79.732 25,601.000 36.57 25.581,000 36
      1,539 words
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  • MARKET REVIEWS
    • Article
      Lock icon Uncertainty growing over market outlook
      734 21 FT THE PROBLEM facing many US equity investors is that having discounted a US economic recovery and sent the Dow Jones Industrial Average to record levels, it is hard to come up with an encore. Wall Street has been pretty much treading water for the
      FT  -  734 words
    • Article
      Market manages to shrug off pounding from grim statistics
      815 21  -  LONDON" By Ray Heath THE remarkable factor of last week's stock market performance in London was how well prices stood up to the hard pounding of bad economic news. A fall of just 3.3 points to 2519.3 was surprisingly modest, and
      815 words
    • Article
      Lock icon Hang Seng rebounds to set three record highs
      165 21 AFP SHARE PRICES rose strongly in active trading on the Hongkong stock market last week with the Hang Seng index thrice setting record highs. The key barometer closed at 4,772.32 last Friday, 60.95 points or 1.3 per cent higher than the previous
      AFP  -  165 words
    • ASIAN MARKETS ROUNDUP
      • Article
        SYDNEY
        118 21 THE AUSTRALIAN share market had a generally positive week, with strong gains in Resource and Industrial stock in spite of falls on overseas markets, brokers said last Friday. The main market indicator, the All Ordinaries index, finished on Friday at 1,618.9, a gain of 28 points on the week.
        118 words
      • Article
        BAGKOK
        85 21 THE Stock Exchange of Thailand (SET) index rose 25.7 points last week to close on Friday at 805.78 points, an increase of 3.29 per cent over the previous week's closing index of 780.08 points. The index rose throughout the week with an average daily turnover of 10.73 billion baht
        85 words
      • Article
        SEOUL
        175 21 SHARE PRICES fell sharply on the South Korean stock exchange as foreign investors slackened buying sprees and short-time profit-seekers tried to take advantage of the sharp rises of the past weeks. The Composite Price Index closed Saturday's halfday session at 647.71 points, down 43.77 points or 6.3 per cent
        175 words
      • Article
        MANILA
        143 21 STOCK MARKETS continued to fall last week despite bargain hunting at the beginning of the week, bourse spokesmen said on Friday. The Composite Index at the Manila Stock Exchange fell to 1,201.75 points last Friday, down 51.82 points or 4.1 points from the 1,253.57 points posted the previous week,
        143 words
      • Article
        TAIPEI
        235 21 SHARE PRICES on the Taiwan Stock Exchange lost momentum last week due to government concern about renewed speculation on the local bourse. The 259-issue Weighted Price Index declined 213.96 points or four per cent from the previous week's finish to close at 5,023.41 points on Friday. Premier Hao Pei-tsun's
        235 words
      • Article
        JAKARTA
        183 21 SHARE PRICES underwent slight corrections as trading slowed at the Jakarta Stock Exchange (JSE), ending a three-week climb of the market index. The volume of average daily transactions fell to 12.63 million shares worth 53.88 billion rupiah from the 14.16 million shares worth 54.52 billion rupiah of the previous
        183 words
      • Article
        BOMBAY
        282 21 PRICES bounced back on the Bombay Stock Exchange (BSE) as tension between India and Pakistan eased after Pakistani militants called off a march across the line dividing Kashmir between the two countries. The BSE Sensitivity Index (Sensex) peaked to an all-time high of 2,322.7 points on Thursday, having gained
        282 words
    • Article
      Lock icon Stocks hit by stronger US$, scandal-linked arrests
      366 21 AFP >tOKYO.-SP SHARE PRICES nosedived in thin trading on the Tokyo Stock Exchange last week due to the stronger dollar and the arrest of four people involved in the Sagawa Kyubin scandal. The Nikkei Stock Average of 225 selected issues ended the holiday-shortened
      AFP  -  366 words
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  • WORLD STOCK MARKETS
    • Dow virtually flat on choppy trading
      • Article, Illustration
        NEW YORK
        1151 22 STOCKS ended a volatile week on a steady note last Friday, with blue chips practically unchanged and the broader market showing a bit of weakness. The Dow Jones Industrial Average adjourned for the long weekend at 3,245.97, off just 0.68 point for the day but up 20.57 for
        1,151 words
      • Article, Illustration
        LONDON
        649 22 SHARE PRICES finished weaker last Friday. The Financial Times-Stock Exchange 100-Share Index was down 8.7 points, or 0.3 per cent, at 2,513.9 at the close. The Financial Times 30-Share Index fell 6.5 points to close at 1,950.9. The Financial Times 500-Share Index fell 3.52 points to close at 1,360.53.
        649 words
      • Article
        FRANKFURT
        233 22 SHARES drifted aimlessly to a weaker close last Friday, staying stubbornly inside their recent narrow trading range. Since the market briefly tested the 1,700 barrier the week before, caution has ruled and the 30-share DAX index has closed no more than five points up or down each day. "There
        233 words
      • Article
        AMSTERDAM
        176 22 SHARES ended mostly easier after dull trade shrugging off early Wall Street losses with the help of a firmer dollar last Friday. The EOE index closed 1.08 points lower at 294.99 having ranged between 294.58 and 295.83 points. Traders said the main activity had been some squaring of positions
        176 words
      • Article
        PARIS
        210 22 THE Paris bourse was hit by a bout of weakness in very quiet trading last Friday, and the CAC-40 stock price index ended the day and week at 1,865.11 points, down by 0.61 per cent from the previous day's close. The indicator had opened with a 0.38 per cent
        210 words
      • Article
        MILAN
        310 22 A RALLY sparked by the banking sector helped Italian shares rebound to close atove the day's lows on the final session of the monthly trading account last Friday, brokers said. The MIB index, which was down more than one per cent at midmorning, closed 0.48 per cent lower at
        310 words
      • Article
        ZURICH
        410 22 SHARES closed lower in mostly thin trading last Friday as Wall Street's losses and its easier opening, plus steady to slightly higher Swiss money market rates, weighed on the market, brokers said. The all-share SPI index fell 0.58 per cent to 1,118.4 and the SMI blue-chip index lost 0.81
        410 words
      • Article
        STOCKHOLM
        168 22 THE Stockholm bourse closed the week on a downcast note, with share prices driven lower by new gloom in the banking sector and falling foreign bourses. The general share index fell 0.97 per cent to 930.52 in moderate turnover of 455 million crowns. The top-16 index was down 0.91
        168 words
      • Article
        JOHANNESBURG
        448 22 SHARES drifted lower in quiet trading last Friday as modest early interest faded ahead of the weekend, dealers said. Volumes were thin, they said, as the beleaguered financial rand continued to underpin prices in an uncertain market. South Africa's restricted foreign investment currency plummetted further in early trading to
        448 words
      • Article
        TORONTO
        375 22 FURTHER CONSOLIDATION in the market sent Toronto stocks moderately lower, dealers said. Losses were only slight but spread across most of the market's sectors, they added. The gold and the real estate and construction sectors posted the biggest losses. The TSE 300 officially closed off 7.87 at 3,573.89. Declining
        375 words
      • Article
        Untitled
        200 22 Feb 14 CVmc Preriow NEW YORK Dow Jones 3,245.97 3.246.65 -0.68 SAP 500 412.48 413.69 -1.21 Turnover (million) 221 230.91 -9.91 LONDON Financial Times 30 1.950.9 1,957.4 -6.5 FTSE 100 2,513.9 2,522.6 -*.7 Turnover (million) 593.1 527.7 +65.4 FRANKFURT DAX Index 1,676.48 1,681.20 -4.91 AMSTERDAM EOF Index 294.99 296.07 -1.08
        200 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon Greenback closes little changed
      457 23 NEW YORK Reuter NEW YORK The dollar closed little changed in a day of volatile trading last Friday, with the currency falling sharply on weak US economic data and then bouncing back up with a vengeance. "The down move was a little surprising, and then even
      Reuter  -  457 words
    • Article
      US dollar strengthens against most Asian currencies
      701 23 ASIAN CURRENCIES THE US DOLLAR rose over the past week against most Asian currencies with resistance only from the Australian, Taiwan and Hongkong dollars and the Philippine peso. The yen slipped on the back of further political scandal in Japan and remarks by
      701 words
    • Article
      INTERBANK FOREX RATES
      376 23 Cross rates Feb 14 I USS SS MS Dm Yen SFr AS NZS USS 1.6400 2.6170 1.6250 128.00 0.5650 1.4600 1.3228 1.8450 SS 0.6098 1.5957 0.9909 78.0488 0.3445 0.8902 0.8066 1.1250 MS 0.3821 0.63 0.6209 48.9110 0.2159 0.5579 0.5054 0.7050 Dm 0.6154 1.0092 1.6105 78.77 0.3477 0.8985
      376 words
    • Article
      MONEY MARKET
      528 23 Interbank rates SS Bid Offer Overnight 3 3 1/8 1-month 3 1/4 3 3/8 2-month 3 1/4 3 3/8 3-month 3 1/4 3 3/8 Overnight mode: 3-3/8 LS$ High Low 7 days 4 1/16 3 15/16 1 month 4 1/16 3 7/8 2 months 4 1/16 3 7/8
      528 words
    • Article
      Lock icon Some economists see US$ surging higher this week
      486 23 Others say US economy too weak to sustain rise Reuter NEW YORK Glimmers of hope for a US economic recovery, conflicts in the former Soviet Union and Japan and technical factors have driven the dollar sharply higher and could lift it further
      Reuter  -  486 words
    • Article
      Lock icon Soviet c'wealth states to keep rouble for trade
      304 23 Reuter MOSCOW Leaders of the Commonwealth of Independent States have agreed to stick to the rouble as a common trading currency and are preparing to carve up the assets and liabilities of the former Soviet state bank, Itar-Tass news agency said. A
      Reuter  -  304 words
    • Article
      PRIME LENDING RATES
      479 23 Prime lending rates BANKS ABN Amro Bank NV 6* ANZ Banking Group ~7 Allied Irish Bank PLC 7V, American Express Bank 7 Arab Banking Corp 7* Arab Bank PLC 6Vj bfce 7* Ban Hin Lee Berhad 6V« Banca Commerciale 7V« Banco do Brasil 7V, Bangkok Rank 6%
      479 words
    • Article
      Lock icon Nigeria blames banks for currency depreciation
      322 23 Reuter LAGOS Nigeria's military government has blamed the sharp practices of some local banks for the woes of the country's currency. "Instead of giving foreign exchange to Nigerian industrialists who will use it to import inputs such as spare parts, they divert it to
      Reuter  -  322 words
    • Article
      FINANCIAL FUTURES
      152 23 COMEX Feb .4 COCO FUTWU (100 oz) USS/oz Open High Low Settle Chanp u Feb 92 356.00 356.00 353.50 353.70 -2.20 Mar 354.20 -2.20 Apr 357.00 357.50 354.40 355.10 -2.20 Jun 359.20 359.50 356.80 357.20 -2.IOAug 360.00 360.40 359.00 359.30 -2.10 Oct 361.40 -2.10 Dec 365.50 365.50 363.00
      152 words
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  • COMMODITIES
    • Article
      Lock icon High internal prices of Brazilian coffee weaken exports
      346 24 Reuter RIO DE JANEIRO Prices on Brazil's internal coffee market are likely to remain high in coming days, making any new export sales virtually impossible unless New York futures prices recover, traders and brokers said. "The only people holding coffee now are
      Reuter  -  346 words
    • Article
      Lock icon Elf plans to expand oil production in Russia
      351 24 Reuter NEW YORK Elf Aquitaine, the French oil company, plans to expand its production in Russia and is seeking a development deal with Kazakhstan, the company's chairman said last week. Loik Le Floch-Prigent said his company wanted to follow a deal it
      Reuter  -  351 words
    • Article
      Little leeway for Brent crude amid Opec talks
      882 24 REPORTS BRENT crudc moved in a narrow band last week with all eyes on the Organisation of Petroleum Exporting Countries (Opec) talks in Geneva on production cuts aimed at supporting prices in the second quarter of the year. Iran's Oil Minister, Gholamreza
      882 words
  • Article
    PRICES
    1167 24 Rubber 1 1 2 S cents/kg Int 1 RSS Close i. ,'il i Li I MRE1J M t baits) M cents/kg Int 1 RSS Feb 10 Close 215 00 ?l 4 IrM ?U tjH ?I 1 tjH Feb 14 L0N00N (Feb 14) p eno Close Previous 1 RSS Mar
    1,167 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      635 24 _B_y SINESS TIMES Tom fr—TW No 737 0Q43 Fax No: 734 j International Factors (Singapore) Ltd A member of The ECICS Group 5510,000,000 Series Three Floating Rate Due 1994 In accordance with the provisions of the Notes, notice is hereby given that for the three-month period from 17 February 1992
      635 words
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      Page 24 Advertisements Column 2
      449 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LE-CERAMICA* PRODUCT PTE LTD (Incorporated la The Republic of Singapore! Al in Extraordinary General Meeting of die —fan of LECERAMIC A A PRODUCT PTE LTD duly convened and held at 2A Mactaggart Road #02-02, Singapore 1336
      449 words
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      Page 24 Advertisements Column 3
      7 24 Innovation Technology in Business Times on Tuesday
      7 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1262 25 City FligM ETA FligM no Aka Ok aU GA892 0015 Adalait 2040 SQ227 Aamaa RJ182 1440 RJ183 2320 AosMr tea SQ23 0700 GA892 0015 KL841 1400 KL842 2325 A titans AMCUM Ml NZ25 SQ288 BA12 1530 2035 2155 SQ36 NZ28 2230 1645 Bandar Sari B442I 1105
    1,262 words
  • THE TRAVEL PAGE
    • Article, Illustration
      In memory of Lawrence Durrell
      510 25  -  POSTCARD FROM SOMMIERES By Penelope Hocking-Vigie The villa in southern France where British novelist Lawrence Durrell spent his last days has been opened to scholars. Durrell's will stipulated that his stone-walled home in the quiet, picture-postcard village of Sommieres should be turned into a research
      510 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      153 25 As at 3pm on Feb 14: Ixical dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2345 1.2SI5 Canadian dollar 1.3685 1.3962 NZ dollar 0.8790 0.9145 Sterling pound 2.8912 2.9303 US dollar 1.6370 1.6450 Local dollar? to 100 units of foreign currency Austrian
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      79 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Mar 12-22 International Turin. Italv Tor.no *****569 ar c 28 '"'cmatkmal Ban. Italy Fiera Del <39)8<V*****2 1992 Home Exhibition Esposi/ioni 5 Fa.r for Letsure. Lev ante 5p.\ Sports Tourism Mar 25 Pens,on Piccad.lly. Le Mend.cn ********** 1992
      79 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      45 25 It's amazing the lengths Finnair goes to for just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price Check with your travel agent or call *****77 for more details. We Know Europe from Mart to Pmniah.
      45 words
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      Page 25 Advertisements Column 2
      24 25 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 749-2577
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      Page 25 Advertisements Column 3
      18 25 «l x!X I I I *®L J I I i By|j[_ I I I H I I i
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  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      334 25 1 Reach for the American I tJ ■H~~IH~~~"^H~"""HH "■H~~HH~~" tomato sauce (5,2) 5 Beetles which superficially 3 I I injure sailors (7) 9 A death investigator finds mm JHj j^H nothing in the comer (7) _HH___HH_JH.JL_H-JH_.flL_ 10 Rearing sheep leads to 11 Ml sudden aspiration (7) —l_i—l^ _L__J___J' a reference
      334 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      161 25 Singapore Outlook: Showers over a few areas in late afternoon and early evening. Report Maximum temperature 32.2 Assoc humidity 60% Minimum temperature 25.0 Assoc humidity 93% Hours of sunshine 10.15 Rainfall in mm Nil Rainfall this month I S.B Rainy days this month 2 World report Asia-Pacific Hi/Lo* Cond. Auckland
      161 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      28 25 VC UKE? TO <££:P MIS' TUPCT S BRI STOW -M€ KKOU t\ I CLOSE To "THE. GROUN D.... 7/-*\ €N€RVTWING TWAT Goes ON >N J i y ■raeFiRW....
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  • Article
    Lock icon Manila unveils US$2b plan to woo tourists back
    345 26 Reuter MANILA The Philippines will build a new airport, two major resorts and more hotels under a US$2 billion (553.2 billion) plan to lure back tourists driven away by a string of natural disasters. The Tourism Master Plan, completed late last year
    Reuter  -  345 words
  • Article
    Lock icon South Korea must keep stabilisation policy: think-tank
    230 26 Reuter SEOUL South Korea's real economic growth will slow down in the first quarter of this year but the government should maintain its economic stabilisation policies, a statebacked think-tank said. The Korea Development Institute (KDI) said in a report yesterday that the nation's
    Reuter  -  230 words
  • Article
    Lock icon Bush calls for swift tax action against recession
    264 26 Reuter BELCAMP, Maryland US President George Bush said last Friday that the sluggish economy was "getting ready to move" and appealed again for swift congressional action on his anti-recession tax cuts. "The economy is getting ready to move. Interest rates are down.
    Reuter  -  264 words
  • Article, Illustration
    Lock icon No need for rate rise: Bundesbank
    294 26 Central bank chief also sees no scope for cut Reuter HAMBURG Bundesbank president Helmut Schlesinger says there is no need now for a further rise in German interest rates but he also sees no scope for a reduction. Asked in an interview with news
    Reuter  -  294 words
  • Article
    Lock icon Taiwan's overseas and internal investments down
    216 26 Reuter TAIPEI Overseas investment by Taiwanese businessmen plunged 40.8 per cent last month compared with January last year while foreign investment in the island shrank by 34.13 per cent. Taiwanese businessmen poured US$l63 million (*****.3 million) into Southeast Asia, the US and other countries
    Reuter  -  216 words
  • Article
    Lock icon Commonwealth split over military, but still kicking
    237 26 AP MINSK, Belarus Although four former Soviet republics have vowed to form separate armies, the disagreement on defence issues will not destroy the Commonwealth of Independent States (CIS), the leader of Belarus said on Saturday. "We understand that the commonwealth is a structure
    AP  -  237 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      350 26 CHARTPOINT Every Saturday in Business Times 1 FOR SALE /CENTRAL OTT T AND MOST SUCCESSFUL VJIL,I EjUxjELU OFFICE PARK DEVELOPMENT" INVESTMENT jMSfc Yield: 12.5% Cnr. Francis and William Streets, Perth, Western Australia. \6? 500 000 8 modem office bufldtogs, a warehouse/office building and andßary structures. Total NLA 312,479 sf. I
      350 words
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      Page 26 Advertisements Column 2
      9 26 Taipei allegedly curbing inflow of foreign funds, Pg 6
      9 words
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      Page 26 Advertisements Column 3
      14 26 CHARTPOINT Every Saturday in Business Times Yeltsin critic defends stand on economy, Pg S
      14 words
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  • Shipping Times
    • Article, Illustration
      GM to set up joint venture with Indon firm
      393 27  -  By Dexter Lee SINGAPORE US based General Motors Corp (GM) is forming a motor components manufacturing joint venture in Indonesia to sharpen its competitive edge in the Asia-Pacific. The American company, which is the world's largest car maker, will be the
      393 words
    • Article
      Lock icon Ford Motor to make CFC-free cars
      171 27 UPI ATLANTA The Ford Motor Co said on Friday it will begin producing its first cars free of chlorofluorcarbons (CFC) in their air-condition-ing systems next month at its Hapeville plant in Atlanta. The plant will make 500 tauruses a month with modified cooling systems
      UPI  -  171 words
    • Article
      Stolt buys out Norwegian marine contractor
      158 27 SINGAPORE Nasdaqlisted Stolt Tankers and Terminals (Holdings) SA will acquire ail outstanding shares of Stolt-Nielsen Seaway A/S on Mar 1. A statement from Con-necticut-based Stolt-Nielsen Inc said that Stolt Tankers will issue 1.37 million new shares to pay for the acquisition, which includes US$6O
      158 words
    • Article
      Lock icon Iraq reopens two ports damaged in Gulf War
      199 27 Reuter LONDON Iraq has reopened the southern ports of Umm Kasr and Khour AlZubair at the northern tip of the Gulf, and 21 docks are now operational, the Opecna news agency said quoting official sources. The agency quoted an official at the
      Reuter  -  199 words
    • Article
      INDEX TO ADVERTISERS
      1192 27 Page Col ABC Containerize 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3-5 A.P.C. Lines 13 5 A cWarehousing 15 5 Arrow Int 9 4 Asian Break-Bulk 16 5 ASXCL Shpg 15 2
      1,192 words
    • Article
      Lock icon British Aerospace heads for hefty 1991 loss
      587 27 Reuter LONDON British Aerospace finances have been under the microscope for six months and the 1991 loss it will announce on Wednesday will be no surprise. Analysts' figures for the year to December range from an £85 million (***** million) pre-tax loss after
      Reuter  -  587 words
    • Article
      Lock icon US West Coast dockworkers plan one-day strike
      163 27 Reuter LOS ANGELES Longshoremen at US West Coast ports will stage a one-day strike today to protest against the loss of 350 jobs here, said the International Longshoremen's and Warehousemen's Union (ILWU). "The whole coast will shut down Monday morning at eight," ILWU
      Reuter  -  163 words
    • LOG BOOK
      • Article
        Liner in S'pore for repairs after fire
        61 28 SINGAPORE A French-owned cruise ship immobilised by an engine-room fire off Indonesia arrived under tow in Singapore on Saturday for repairs. All 380 passengers abroad the 12,475-tonne Ocean Pearl were transferred to a passing cruise ship, the Sea Princess, on Thursday after the
        61 words
      • Article
        Sunken barge spills oil off Mexico
        116 28 MEXICO CITY A barge sank on Friday off Mexico's Yucatan Peninsula, spilling an undetermined quantity of fuel oil into the Gulf of Mexico, the state oil company Petroleos Mexicanos (Pemex) said. It said the barge, identified in a press release as belonging to the
        116 words
      • Article
        More Chinese F-100 orders seen
        72 28 AMSTERDAM Koninklijke Nederlandse Vliegtuigenfabriek Fokker NV, which earlier won an order for seven Fokker-100 airliners from China, said it expects more business soon. "We expect more orders from China in the next couple of weeks," said Fokker spokesman Bart van Veen. Fokker's order from regional
        72 words
      • Article
        Boeing will not build wind tunnels
        60 28 SEATTLE Boeing Co said it decided not to build a new wind-tunnel complex for testing its jets, but will instead rely on existing wind tunnels. Boeing said in October it was investigating five sites in the US for possible construction of the test facilities.
        60 words
      • Article
        Ship temporarily mended in Egypt
        56 28 LONDON The 2,649-dwt Cypriot-flag Veneta has been surveyed and temporarily repaired in Alexandria after a collision with two other vessels earlier this month in bad weather, Lloyd's Shipping Intelligence said on Friday. Veneta collided with the 10,070-dwt Egyptian vessel Heliopolis Spring and the 13,346-dwt German
        56 words
      • Article
        Ship's shell plates crack off Taiwan
        55 28 LONDON The shellplating of the Panamanian vessel Wealth, which was beached after running aground in the Taiwan Strait, has cracked allowing water into the cargo, Lloyd's Shipping Intelligence said on Friday. The 6,276-dwt vessel was en route from Hongkong to Keelung with a cargo
        55 words
      • Article
        Likely Sabena-Air France deal soon
        64 28 BRUSSELS Belgium's caretaker government might decide soon on a partnership between the national airline Sabena SA and Air France, a Belgian government source said. The source said Prime Minister Wilfried Martens and other senior officials discussed the issue on Friday and the agreement, stalled last
        64 words
    • Article
      DAILY FREIGHTS
      653 28 CHARTERERS again failed to make any relevant moves in the dry cargo market on and rates eased further, brokers said. No key grain fixtures were reported and both the panamax and capesize sectors were subdued, dragging the Baltic Freight Index down another seven points to 1,349. The SS&Y
      653 words
    • Article, Illustration
      Lock icon Softer landing for Airbus
      794 28  -  The state of the US airline industry has prompted the country's major airlines to cut back on spending. Arshad Mohammed sees how Airbus Industrie is faring in these trying times Arshad Mohammed Reuter AIRBUS Industrie is by no means immune to the order deferrals afflicting Boeing
      Reuter  -  794 words
    • Article
      COCKETT BUNKER MARKET REPORT
      806 28 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 arc based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      806 words
    • Article
      THE SHIPPING GUIDE
      6116 36 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
      6,116 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        446 43 BH» Pqwtot Vwrt teyNo B«tt Marina Terminal 1 Sembawang Terminal Cahaya Harap 15 M04 alongside 16.02/2300 Fortune Ada 1W SOI 17 02/0900 1802/1200 a"? ul U 17 02/0800 17.02/1500 Gloria Peak 2/92 S03 16.02/1900 1802/1600 Batam Main *****2 M04 1702/1000 1802/0500 Glory Sky P174 S02 1602/2359 1802/1500
        446 words
      • Article
        IN MALAYSIAN PORTS
        204 43 tOQmW rwi Bertjt 1: Gentki; 2: nil; 3: Lian Keong; 4: ml; 5: Rimba Meranti; 6: ni 01 jifly: Kisogawa. DCJi Ocean Glory. Due-on Feb 14: Pangeran, Suci, Aykhal, Elvegas, AJam Amen. Tristar No 1, Bunga Dahlia, Barge Josindo Satu. Due ion Feb 15: Stolt Aqua Marine,
        204 words
      • Article
        CONTAINER SCHEDULE
        731 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rifts Sfi<> Voy No Etb/Btr Period From To From K* L** IB 18/0800 1 16/1500 16/1659 16/1900 2 16/1700 17/0659 17/0900 I- 3 17/0700 17/1159 17/1400 ACH-Rose 24A 18/0600 1 16/1500 16/1659 16/1900 3 17/0700 17/1159 17/1400 B
        731 words
    • Article
      Lock icon Merger can revive Compass Air
      351 44 Reuter SYDNEY Southern Cross Airlines Ltd, an airline in name only, said on Friday that it wants to merge with a bankrupt airline with no planes, Compass Holdings Ltd, and start flying in 12 weeks. Southern Cross founder and deputy chairman Douglas Reid said the
      Reuter  -  351 words
    • Article
      Lock icon US cargo jet crashes, all 4 on board killed
      398 44 UPI HOLLAND, Ohio A Burlington Air Express cargo jet flying from Seattle crashed in a field on its third approach to an Ohio airport during a foggy rain early on Saturday, killing all four people aboard the modified DC-8. Seven rescue
      UPI  -  398 words
    • Article
      Lock icon Last of Eastern Airlines sold off at auction
      294 44 UPI ATLANTA When the remnants of Eastern Airlines went on the auction block at Atlanta Hartsfield International Airport, a former employee called it "a sad end to a good company". Most of the several hundred people who turned out on Thursday to
      UPI  -  294 words
    • Article
      Lock icon BAA sells unprofitable Scottish airport
      274 44 UPI LONDON BAA, the former British Airports Authority, announced on Thursday it has sold the unprofitable Prestwick Airport in western Scotland. Under the deal, British Aerospace, the defence, air and car group, has acquired the airport runways and the manufacturing site at the airport where
      UPI  -  274 words
    • Article
      Lock icon Northrop to lay off 1,000 workers
      245 44 UPI LOS ANGELES Northrop Corp, reflecting the declines in defence spending, said on Thursday it plans to lay off 1,000 aircraft division employees by the end of the year. Northrop plans to lay off about half of the 1,000 employees at its aircraft division,
      UPI  -  245 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      25 27 I I URM and MTVICt* rIKW M MfMr* of tIM ftofktry «f kurilttM ?|WII W ttowa< /•or advertising enquiries, contact Shipping I ime\ lei 740-20H9/740-2090.
      25 words
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      Page 27 Advertisements Column 2
      149 27 «SHIP LASHING MATERIALS SPECIALIST |L|P INTERMARINE SUPPLY CO (PTE) LTD IfUfc TEL: *****33 (6 LINES) FAX: *****77 ■L For over 70 years, "K" Line has been building and perfecting a total global shipping system covering land, sea, and air. It's a process that never stops. Today, we're supported by a
      149 words
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      Page 27 Advertisements Column 3
      231 27 SUMMARY A softer landing for Airbus Industrie AIRBUS Industrie is by no means immune to the order deferrals afflicting Boeing but may be less vulnerable because of the geographic spread of its customers. Airlines analysts say its lower exposure to the US industry and its strong position in the Far
      231 words
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      Page 28 Advertisements Column 1
      109 28 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and I I A relevant book reviews. (p L v ENTERPRISE MANAGEMENT, in U Business Times every Monday, is must reading for managers who want the
      109 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      2591 29 OOCU (S) PTE LTD JARDINE SHIPPING AQENCIES *****11 FAX: *****09 \lllJ# BOOKINGS TEL: *****234 *****58 lillllV TERMINAL/CFS TEL: *****218 220 rßfifln PEBAKA JARDINE SHIPPING AOENCIEB 80N. BHD. L VQQQf J PORT KELANQ TEL: *****18 FAX: *****91 *****88 Dedicated to Quality Service N H A^L T L L 27^rF^s4 6 2
      2,591 words
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      Page 29 Advertisements Column 2
      1713 29 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 Navigation, USSR at the Raffles City Convention Centre. For further information please contact Singapore Aviation
      1,713 words
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      Page 29 Advertisements Column 3
      1485 29 maaii NEXT SAILINGS TO EUROPE LEDA MAERSK VOY. 9204 ETA SIN 19/2/92 LIVERPOOL BAY VOY. 5161 ETA SIN 22/2/92 VMM Voy ETA ETO FMdw by DESTINATIONS Johanna to TNa MM Mart* Maarak 9204 CY 18/2 0800 MRS CfS 17/2 2359 HRS Kalang Panang OAK LQB HOU MEM ATL MIA CHS
      1,485 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1430 30 R'DAM/ VOY N0 s PORE JEDOAH S'HAMTON H'BURG ANT LEHARVE j KAMAKURA 21/107 20/2 29/2 14/3 10/3 575 HOT! KITANO 12/307 23/2 11/3 13/3 18/3 17/3 iBt'UHJ HAMBURG EXPRESS 07/108 27/2 7/3 21/3 17/3 16/3 1/3 18/3 20/3 23/3 24/3 *u Nnww> KATSURAGI 10/109 5/3 14/3 28/3 24/3 23/3 WT
      1,430 words
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      Page 30 Advertisements Column 2
      719 30 SEASPAC SERVICE DKECT SOUTH PACFIC SERVICE SIN NOU SUV PPT IMPERIAL 3202 EB 23-28/2 12/03 IS/03 20/03 PALEMBANG 3301 EB 25-27/3 7/4 10/4 14/4 Trarwlt Tin* (13) (16) (22) ALSO ftCCEPTMG CARGO VU SUVA TO lAUTOKA. PAGO PAGO. APIA, NUKUALOFA. P. VILA FASTEST SERVICE TO CW.E/PEWJ SIN CLX IQQ ANF
      719 words
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      Page 30 Advertisements Column 3
      1445 30 Blwaaia uMm. MMW REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE ttL/VOT SIN ALG BCL HAM BRE ROT ANT FEL LHA (VM (MA (VIA JAPAN SEA 150W 24/02 16/03 11/03 21/03 24/03 2?03 26/03 27/0> CHMA SEA 151* 01/03 23/03 25/03 23/03 30/03 31/03 01/04 02/04 03/04* NORASIA AL MUNTA2AH
      1,445 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1885 31 H STRAITS SHIPPING PTE LTD 15 Ho* Chiang Road #09<01 Sanford Building Singapore 0208 Tai: *****80 Fay; *****17 ACCEPTS DUE UIS B'KOK STRAITS HOPE V 0» S»«, T„ ift? *ftlo F* J""" Jg ££2 STOAIT9 VENTURE VO4E few. l«k. KK 1710 F«fc hi PI 1» Feb !~iSSw««C J M FEB
      1,885 words
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      Page 31 Advertisements Column 2
      2071 31 SINGAPORE AGENT: PX?O P»0 Container. (Singapore Agenciea) Pl* Ltd O 15 Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 WE*-' 9(" Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number **********0Z EXPOBT IMPORT VCBBCL VO* *PNO 'FKO MM ALO SOU ANT »0T MAM JtO
      2,071 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      442 32 CR NM **********0-D EXPRESS SEMI CONTAINEfkSHIP SERVICES TO EUROPE wt/w reoRE mm/turn h-kjug noo jwimrp IMTAMM/31WB 21/2 30/3 5/4 8/4 12/4 ii|T TRANSIT TIME ACCEPTING BREAKBULX/CONT AMCRtSCO CARGO Sybftot to MHOißiwi Atoo cicyo to CamMmoa, Port tiidi Port Almndfiti OtAot, Tftooto* ALSO ACCEPTMG BOTH CONTAMERS. CONVENTIONAL CAMO «U T/S TO
      442 words
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      Page 32 Advertisements Column 2
      1316 32 0 HANJIN SHIPPING TO WL run UK HAU. ICS 0M TO VSL |l* NNI MV IN NTC HMUM HAMBURG NX 1/3 OBECT 27/ i »/J HNUR URMN 671f 17/2 H. KEHJMC IS 26/3 27/3 21/3 HANJM ELIZABETH MX S/3 OBECT 30/3 2/3 FBMUMO NT 2638 24/2 M PtOMMNCf 021E 2/4
      1,316 words
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      Page 32 Advertisements Column 3
      1248 32 'M;±M Ik w m us w «t on m k no hi ot u mciw m m nr tasmaana I f HWWTX B«5 llft Itn H/2 2V2 a/2 1/3 VI VI VI 7/1 1/1 a/1 1/4 1/4 4/4 14/4 IS/4 U/4 17/4 U/4 28/4 1/5 U/5 1V» 1 (MM) M4N
      1,248 words
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      1892 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 fTOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****44/*****14 'aCL, FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 MB 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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      976 33 S«MSO\/ SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUNP—PBCHARONG WESTBOUPC-lOWWG TRANSHIP HA ROTTERDAM rem* wr S lm
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      1574 34 K 4 "W" f f AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0NI) mjK V V V A TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/8/9 > I M MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD I wML m mJL X MmJ TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1
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      1026 34 $*¥vD PHIU-OMCNT UN€S PTC LTD 4* 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Teiax: RS ***** FAX: *****76/*****38 BY AIR, LAND OR SEA.... A JCTr WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION wnwuwwnai WWIIWIII > 21 FEB SYDNEY. MELBOURNE. BRISBANE, FREMANTLE
      1,026 words
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      1068 35 ~D|| PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSSSS mi mfltai 140 Cecil Street, #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO *****6 7000Q£ IJAKAWTA I [BANGKOK —MI vfun Wrtv ttiM JICT AIM VESSEL VOY SIN BKK SIN KOTAbakvat fly, llv, SRI SAMUT 5R1207 18/2 23/2 J/J KOT A RAK YAT
      1,068 words
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      Page 35 Advertisements Column 2
      812 35 EacßenV F CLASS CONTAINER TRANSPORT FEEDER VESSEL 1 PENANG PKELANG I OCEAN VSL/VQY SIN SOU (1) RTM (2) HAM (3) GOT (4) ANSON/TBN 14/2 15/2 JUTLANDIA 2062 18/2 6/3 873 9/3 11/3 ANSON/TBN 21/2 22/2 SELANDIA 2072 25/2 13/3 15£3 16/3 18/3 ANSON/TBN 28/2 28/2 BENALDER 2082 3/3 20/3 22/3
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      417 35 BIVfTANG MAS SHIPPING PTE. LTD. m mm smgapone 0201 TEL: ***** a TLX: *****55 SMMEK FAX: *****04 ACCEPTS FONTS OF STONE CARGO DESTINATIONS MERCURY JADE VO3C to Pt 18 Frt Da* Muau Labuan KK MNTANG SEMA WOSE 22-23 Ftb Da* Btotuto. Miri K Matt MNTANG BELAIT VOX 2V2C Frt Da*
      417 words
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      475 35 MYANMA HBk FIVE STAR LINE (Myanma r National Lina) Loading for Yangon (Rangoon) S'por* P.KIf Pen P.Gdg Hp*.AN Vl73* In Pt PAGAN VISOW 23/25 F.b MYOMA TWA VI4OW 3/ S Mar 21/2 Urn AVA VII4W 4/ 7 Mar MPA-AN VI74W 10/13 Mar THE BANK UNI (A wnHw of Andrew Wwlr
      475 words
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      563 36 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS IN BOUND VESSELS nssti wi v n rnic u cosmic noKii if an it/z ASIAN cumt 141 14/2 a.l BUM Nil 1 11/2 COSMC TUMI 23 23/2 25/2 SUI MCOU 75 24,2 24/2 MUKt mm 22 27/2 21/2 OUTBOUND VESSELS LOADtK
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      70 36 S pore P.Keiang Loading for I NORMAN MMKR 19/2 22/2 RdmAtw/UK, Nantes S pore Loading for I SKY SM Muscat/Oubai/Oammam/Kuwait I RISER 29/2 Dubai/Bahram/Dammam/Kuwait I HpUMA 10/3 Aden/Hodeidah/Jeddah I HIiSE 15/3 Hodeidah/Jeddah/Aqaba/Port Said I S pore Loading for Los Angeles/New Orleans/ 1 Charleston/Norfolh/Camden I HpaN MARINER Los Angeles/New Orleans/ I
      70 words
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      150 36 T V 1 BEIJING• CHANGCHUN• CHANGSHA 111 1% I V- V! II I CHENGDU CHONGQING FUZHOU |Im V Uml VI \guiun• harbin• kumming• xian II ml Z n >■ I NANNING QUANZHOU SHEKOU .111 C. Im C II I SHENYANG• SHENZHEN• WUHAN iVHI 1 XXXm. >£\JAAX/ XIAMEN• ZHENGZHOU V iyC
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      774 37 /g NEDLLOYD GIVES YOU MEDITERRANEAN EXPRESS^ [I vessel f*t "f"™' 1 22/3* *8/3""'* [<) T 9/T io/T' W ib/3 1 m n/? S/3 11 13/3** B. Seroja/829 W. Bhum/557 15/2 13/2 leda Maersk/9204 19/2 ANR 8/3 10/3 12/3 11/3 12/3 13/3 J 24/2 27/2 25/2 25/2 28/2 1/3 16/3 31/3
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      776 38 TO AUSTRALIA/NEW ZEALAND Ita IfTwTlwb iH |«uck INK |P CHAIN 1 MMTN* I 2tt 175 9/3 11/3 14/3 72/J M/ 3 "oltirwjoirzir liTi zs7i~ liTl i/4 57S Ts7i MWSSfL ?M 10/4 17/4 21/4 25/4 iTs" Til c kmlic m IT/5 iTi t/T~ Ti/T" Ts7s TO USA/CANADA 1 m Tsi GhM
      776 words
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      Page 38 Advertisements Column 2
      843 38 EXPORTS TO HONGKONG. TAIWAN. MANIA I JAPAN TWICE WEEKLY" MALACCA STRAITS SERVICE outbound mm few mi aw abb mt k*o m tyq ro> uu wco *oi""||wssa wr law \m rex in m ACX HAC lg 12.2 *I<2 14 2 112 M 2*2 m m m 1.3 AC! lAOC 720 UJ
      843 words
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      Page 38 Advertisements Column 3
      203 38 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD £TA HA ETA SPORE POBT KELANG PENANG BLUE JACE In Port lo*d«t tor MM ItUVAI HUOHU 18/2 Lojdini tof Calcutta DOIPHM 20/2 23/2 latdrft F(k MM NKU StPtEME 25/2 iMdmi For Male DONAKU.W 10/3 Loaded For FHnraru ptosBEss uaan 27/2 mi 25/2
      203 words
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      Page 38 Advertisements Column 4
      1594 38 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE IMLAtttt-S AGENTS SINGAPORE'S GENERAL AGENTS KXMSM S MENTS CHUNG CHIAO SHPfWG SON BHD CQSTAR SHPPING PTF ITD P-T. GLOBAL PUTRA W. TEL: ******1/17 FAX *****J2, ***** m IMMftfSIA MARITIME P. MJMG TEL 3CSSIM/S 111 MA ***** («21)51M7. *1764 KMM —TE (***** TUL
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      634 39 (ft FAMOUS CONTAINER UNES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE *****33 24 LINES LIMASSOL/PREAUS 23/2 ROTTERDAM 23/2 HAIFA/ASHOOO/ALEXANORIA 23/2 HAMBURG/BREMEN 23/2 MARSEILE/FRAHCE 23/2 FaiXSTONE/UK 23/2 r BARCELONA/SPAIN 23/2 LEHAVRE/ANTWERP 23/2 >. GENOA/ITALY 16/2 GOTHENBURG/SCANOMAVIA 23/2 I I I it rilrWi' MP JMF LOS ANGELES/WC/PI 23/2 SYDNEY/MELBOURNE
      634 words
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      944 39 §1101 FIELD MARINE MERCIES (S) PTE LTV TEL: *****53 (12 Urm) FAX: *****15/22U309 TELEX: RS 9MH RtSHIP (2 Urm) pP\ ETMPUH SMPPM UB (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOAOtMQ FOH SPOKE ABYOT 28WB 30/03 DARESSALAAM. MOMBASA CXMOUTI ASSAB. MAS SAW A ABBAY WON 2
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      Page 39 Advertisements Column 3
      679 39 ill* a/M »/t? homo m# sew wae ts/e? hi 22/02 wei m n /n rt/n mu mm## i«w m ng mi a/02 Am enuM 132s a/« i/es mmws mm 71 tm a/02 wad a/02 epiiA Mm ml 4/ei I 7/03 m war 4»4w mm a/02 imp "27/02 SURABAYA """Wf stw
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      1635 40 S'PORE S3KKE PENANQ: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 Due to expansion and linking with our Warehouse Transhipment Departments together, our Inward Department will move to: Block 1, #01-02 Pasir Panjang Districentre Pasir
      1,635 words
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      Page 40 Advertisements Column 2
      1097 40 II THONG SOON LIMES PTE. LTD. 77 ROBINSON ROAO #15-00, #16-00 SIA BUILDING SINGAPORE 010S TEL: ***** M FAX NO: *****1, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO WEST MALAYSIA VESSEL VOT ET§ lEST WOEL ItT SPOtE t. w^T KIM SOON LI 46/92E 19 FEB
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      818 41 > >oNev COMPANIA PERUANA DE VAPOREB "PERUVIAN STATE LINE" ACCEPTH6 BREAK BULK/FCL/SOC CARGOES TO/FROM CRLLAO, MATARAM, 10* A OTHER PERUVIAN PORTS* JJTHT/S AT KOBE ON CPV THROUGH BILL Of LAOWG. ORIENT LINE" LiSJS™ JW>W,/BAY ttNGAI/JAPAN SERVICE iACCEPTKG BREAKBULK/SOC CARGOES TO/FROM AOBE, YOKOHAMA, NAGOYA, MOM, TOKYO*, MANIA* DAVAO* Pmm(* P Ketone
      818 words
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      Page 41 Advertisements Column 2
      504 41 Iczjz I jyrsg] N.AMERICA/CARRIBEAN SERVICES *sm Iwt B Iwuo hwwr luu tar ton Etc fcn ai nut us im 11/2 pi m—■« Uyi t/4 uo/4 jjfl 14/4 at TQKOMMMIIK I 1/1 [2M CMtOt C I 1/4 112/4 [11/4 |U/4 120/4 m miM«i|7» i/i {m iwn list \n/i I 4/4 ho/4
      504 words
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      Page 41 Advertisements Column 3
      450 41 MULTI-MOOE SHIPPIMB PTE lIP MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI. DAMMAN SHARIAH DOHA, MUSCAT BAHRAIN. ABU OHABI BANDAR ABBAS JCDOAH FAR EAST ACCEPTING FCL/LCL PENANG. P/KELANC. JAKARTA BANGKOK. HONG KONG. TAIWAN JAPAN. MANILA KOREA UK/EUROPE ACCEPTING FCL/LCL. LONDON. FELIXSTOWE. LEEOS, TILBURY. ABERDEEN. LE HARVE. HAMBURG, ROTTEROAM. ANTWEP. GOTHENBURG. COPENHAGEN t ALL
      450 words
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      Page 41 Advertisements Column 4
      564 41 IhsiiSiiß ASEAN/CHINA SERVICES KSSfI JSP ft W f. GUOANG KTN FOR Q SHAN 22/02 HUANGPU SHANGHAI 03/03 OALIAN/QMGOAO MADRAS/COLOMBO/BOMBAY/KARACHI SERVICES W N K TANGOON KTN FOR T. TMG 20/02 KARA CM/COLOMBO T. TANG 20/03 COLOMBO SINGAPORLMADRAS/StNGAPORE FCIACL SERVICES MDS tW 11-12/02 10-20/02 W 12-13/02 10-21/02 TON 13-14/02 20-21/02 10N 10-10/02
      564 words
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      Page 41 Advertisements Column 5
      426 41 SM HI EAST 23/2 KEELUNG/KAOHSIUNG 22/2 BANGKOK 22/2 MANILA/CEBU 23/2 JAKARTA/BELAWAN/SURABAYA 22/2 PORT KELANG/PENANG/E. Malaysia 24/2 BUSAN 24/2 TOKYO/YOKO/KOBE/NGO/OSA 23/2 HONG KONG 23/2 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU OALIAN/SHANGHAI/XINGANG I TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EWOPg/ttK 23/2 LDN/FLX/LVP/SOU 23/2 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 23/2 LOS ANGELES/NEW
      426 words
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      680 42 EH FIL CONTAINER SERVICES PTE LTD MADRAS CALCUnA I V»L > IN/CALCUTTA 9N MM JM SM CM. SM ®T »»MMU h* 17-11/12 24-2S/I2 NEXT tMUU SM 17-Zl/U 2771/12 IJ-M/W 20-21/12 H 21/12 13-14/12 11-23/12 2MI/I3 17-11/12 23-25/02 02-03/03 20-21/02 20-20/02 00-00/03 JAKARTA DUBAI HON6KON6 VOl BIN/JAKARTA V»L BIW/DUBAI IVSL SIN/HONOKONO
      680 words
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      Page 42 Advertisements Column 2
      489 42 nontermj CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION TOUR FIRST CHOICE TO:— CALCUTTA 19TH FEB 92 AUCKLAND 19 Feb BANGKOK 22 Feb d EUROPE 23 Feb J FREMANTLE 26 Feb GOTHENBURG 23 Feb PENANG 24 Feb PORT KELANG 21 Feb JAKARTA 25 Feb MELBOURNE 21 Feb SYDNEY 21 Feb
      489 words
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      Page 42 Advertisements Column 3
      455 42 This Week's Sailings To TTETD Z~. ETD >;« Singapore Singapore V Bangkok 23/2/92 23/2/92 Port Kelang 21/2/92 (Onforwarding 23/2/92 Port Louis 18/2/92 totO»t c*- J jM Singapore 778 6522 779 2738 Esther Yap 5 Ylfli T- 1 07-*****8 07-*****3 AlfredN f (SFFAJMmM JSMT Jakarta 021-*****40 021-*****01 Troy Hsu I 7&4A5-Z//MC
      455 words
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      421 42 |a^BU|IIAU3S|UA|&U3|ySk MANILA ETA VIGOUR PACIFC 56N8 15/? VIGOUR SWGAPORE 20NB 22/2 BANGKOK 16/2 23/2 1 BUSAN 17/2 24/2 T HONGKONG 15/2 22/2 DURBAN/PT LOUS 18/2 5/3 KEELUNG 17/2 24/2 USA 17/2 24/2 PT KELANG 18/2 21/2 KOBE 17/2 24/2 PIRAEUS 15/2 21/2 OSAKA 19/2 26/2 JAKARTA 18/2 21/2 DUBAI 19/2
      421 words
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      124 43 ■*Oc vQc vQc vOc vQc vOcvQc PREMIER CARRIER V 0 REUABLESERVICES fl V BPOca «g V o 'vjb COMPETITIVE RATES o Qi 3 BARGES OPERATION TAILORING TO YOOR NEEDS Q X SINGAPORE BATAM 5 ft! ENQUIRY BOOKING: A. a V *****01 V n;—Mia—{ > WEEKLY CONSOLIDATION SERVICES TO EUROPE, USA
      124 words
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      Page 43 Advertisements Column 2
      19 43 Chartpoint, j a guide to investing in «> s •%.•> i? m m the Stock Every %r %ghg& >,; > .< Saturday in Business
      19 words
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      Page 43 Advertisements Column 3
      233 43 ABk STAGER FREIGHT SERVICES PTE LTD yji/ TEL 273-3838 FAX: 274-1100 PK: 03-3686l60*PEht 04-*****2* JKT:2I-*****1 *88Y: 31-*****0 SIN LH/PAR FFURT/MANNHEIM IRUN/MADRID PORTO ATHENS/PIR STUTTGART VALENCIA LISBON THESBALONIKI 23/2 13/3 17/3 17/3 18/3 19/3 1/3 19/3 23/3 23/3 24/3 25/3 SIN VCR MTL/TOR AUSTRALIA MELB 19/2 15/3 21/3 23/2 6/3 7/3
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      274 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOU) 0000 0100 0200 0300 (MM KM NOO 0700 MOO *************************5001(**********1»0 2000 2100 22M 2300 £> H f? ,4 13 **********29 23 17 u 0.7 04 0.3 05 09 16 2.2 2.5 m i! }t 2 3 2.9 3.1 3.1 2.8 2.3
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      1157 44 CHARTPOINT Every Saturday in Business Times A HYUNDAI _jjETOjjAWT MARINE CO. LTDEABTBOUNO FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST fgpq nor w fo a mmm dot mo um oar sa m haul wr mo tcm/ha pti NAN HAI 201 MHO 15/02 10/02 14/02 H EX*.OUT* 401 21/12 09/03 12/03 13/03
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      Page 44 Advertisements Column 2
      425 44 CHARTPOINT Every Saturday in Business Times FREIGHT MANAGEMENT GROUP BELGIUM 23/02 INDIA 22/02 FRANCE 23/02 PAKISTAN 22/02 GERMANY 23/02 SRI LANKA 24/02 HOLLAND 23/02 MID EAST 26/02 UK 23/02 BANGLADESH 20/02 ITALY 24/02 SPAIN 24/02 THAILAND 23/02 HONG KONG 23/02 AUSTRALIA 20/02 i PHILIPPINES 21/02 JAPAN 24/02 USA 24/02 MALAYSIA
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  • Investing in New Zealand
    • Article, Illustration
      Untitled
      385 45 LIKE pieces of jigsaw falling together, the economic indicators coming out of New Zealand are beginning to fit. Putting one indicator or statistic against another, a picture emerges one that will probably spell recovery when all the pieces eventually come together. Now, after three decades of sluggish if not dismal
      385 words
    • Article, Illustration
      Still rooting for recovery
      1496 46  -  Schutz Lee is a BT journalist Y INCE leading the Na- tional Party into New Zealand's greatest poll 1 victory 15 months ago, Prime Minister Jim Bolger has faced public criticism and party opposition to his government's bold economic and social reforms. In a written interview
      1,496 words
    • Article, Illustration
      This time, the recovery's for real
      1179 47  -  Finance Minister Ruth Richardson explains why New Zealand's emerging recovery is sustainable Ruth Richardson THE OUTLOOK for the New Zealand economy is more encouraging now than it has been for decades. Annual inflation is down to one per cent the lowest in the OECD.
      1,179 words
    • Article, Illustration
      Lock icon Carving a new niche in regional trade
      1014 48  -  Rick Christie takes a look at New Zealand's trading patterns, which show the country's growing links with Asia Rick Christie The writer is chief executive officer of the New Zealand Trade Development Board THERE was a time not too long ago, when New
      Source: New Zealand Trade Development Board  -  1,014 words
    • Article
      A mix of risks and opportunities
      974 50  -  Foreign investors in New Zealand face a taxation regime which is still undergoing major changes. Graeme SinailTreports Graeme Smaill The writer is taxation partner of Bell Gully Buddie Weir Solicitors in New Zealand THE APPROACH to taxation adopted by both the Labour government since
      974 words
    • Article, Illustration
      Wood chips, blue chips
      802 51  -  Radiata pine forests have proven to be a sound investment for the future of New Zealand's plantations, says Barry Downey Barry Downey The writer is chairman of the New Zealand Trade Development Board IN New Zealand, the large scale plantings of the 1920s and later were
      802 words
    • Article
      A radiant success called radiata
      546 51  -  Professor Dennis Richardson gives the reasons for the success of New Zealand's radiata pine forests Dennis Richardson The writer is a forestry adviser in New Zealand THERE are three notable reasons for the success of New Zealand forestry, an industry which began as early as
      546 words
    • Article, Illustration
      What's hot, what's not in NZ stocks
      3451 52 The market appears to have bottomed out. It's time to pick up some bargains. We asked three New Zealand brokers CS First Boston, Forsyth Barr and Buttle Wilson to highlight some stocks that are likely to benefit from the next economic upturn IN
      3,451 words
    • Article, Illustration
      Scrumming for the tourism ball
      1050 54  -  Alan Titchall looks at how one of the world's first tourism bodies has evolved since its birth at the turn of the century Alan Titchall 9 Alan Titchall is a freelance travel writer based in New Zealand IT WOULD be difficult to give a founding
      1,050 words
    • Article, Illustration
      An alpine goldmine
      826 55  -  Some 150 years ago, people flocked to South Island's Queenstown in search of gold. Today, varied experiences draw tourists and investors alike to the alpine town, says Fergus Brown Fergus Brown Fergus Brown is regional manager for Asia at the New Zealand tourism office in Singapore SITTING
      826 words
    • Article, Illustration
      More NZ property deals expected
      951 56  -  Lower interest rates and foreign investors are helping the market pull out of its doldrum, says John Bardebes John Bardebes The writer is managing director of Bayleys Asia, a subsidiary of Auckland-based Bayleys Real Estate, New Zealand's largest commercial real estate company. STRONG buying and
      951 words
    • Article, Illustration
      The lure of NZ residential property
      926 57  -  It's green, It's clean and it's a bargain. Sonia Stott explains why properties in NZ are value for money Sonia Stott The writer is a public relations officer at Harcourts Real Estate, New Zealand's largest residential property company NEW Zealand has won a special
      926 words
    • Article, Illustration
      Farming opportunities beckon investors
      1401 58  -  Farming is within the reach of normal, prudent, business people. George Horsburgh gives some practical guidelines on investing in New Zealand farms George Horsburgh The writer is managing director of Pacific Suisse Limited, an investment banking firm providing comprehensive investment consultancy and management services to overseas
      1,401 words
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      Page 45 Advertisements Column 1
      42 45 EDCTOR: Schutz Lee. SUB-EDITORS: Yu Chin Fun (coordinator). Samuel Ee, Peter One. Mafdaiene Phang. James Quek. ARTISTS: Jennifer Chua, Ben Cruz, Francis Tan Anlene i I caicium NEW TEALAND lilEVlv iEllLfllilr V S I i i 5 A 'M*& *-K f /V
      42 words
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      Page 45 Advertisements Column 2
      211 45 OJNTENrS Still rooting for recovery PRIME MINISTER Jim Bolger answers questions on economic targets set by his 15-month-o!d government; opposition to his reforms within his National Party; and the new immigration guidelines alleged as biased against Asians Page 2 A sustained recovery FINANCE MINISTER Ruth Richardson explains why New Zealand's
      211 words
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      Page 46 Advertisements Column 1
      152 46 Cfirj CS First Bosto# New Zealand CS First Boston NZ Limited is the leading investment bank in New Zealand. CS First Boston NZ Limited combines diverse financial and industry expertise with wide experience in the domestic and international capital markets. This strong base is enhanced by the resources, technology and
      152 words
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      Page 46 Advertisements Column 2
      86 46 1 'T v -»W«» >'1 --S 'V'* >r B New Zealand, New Opportunities. T "7" THE TRANSCO GROUP IS PROUD TO HAVE TAKEN BOLD NEW STEPS INTO THE LAND OF THE KIWI. if 1 'i >?'; -i. f > GROUP TRANSCO INVESTMENTS PTE LTD TRANSCO (N.Z.) LIMITED TRANSCO HANDICRAFTS PTE
      86 words
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      93 47 QCIEENSTOWN NEW ZEALAND S PREMIER TOURIST RESORT 1 P ........................................j OUEENSTO WN J arrange an appointment this week with Mr Greg Rom of Locations Realty, J Queenstown, New Zealand to discuss any properties advertised and investment T AW J opportunities please complete the form below and fax to Locations Realty,
      93 words
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      Page 48 Advertisements Column 1
      30 48 A wide range of meats, fresh and airflown from New Zealand Cold Storage Trading (A Division of Cold Storage Singapore (1983) Pte Ltd) 2, Enterprise Road, Singapore 2262. Tel: *****11
      30 words
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      Page 48 Advertisements Column 2
      63 48 COLLIERS JARDINE SINGAPORE INTERNATIONAL DIVISION Some New Zealand property investments we helped our clients with in 1991. Anzac Avenue, Auckland $21.3 m New North Road, Auckland $1.6 m Carbine Road, Auckland $2.0 m Treffers Road, Christchurch $1.15 m Church St., Onehunga, Auckland $.35m Sel Peacock Building, Auckland $6.75 m Let
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      Page 49 Advertisements Column 1
      150 49 New Zealand, the investment for thel99o's. Make the most of it with the advice, insight and experience of Buttle Wilson. Since 1933, the Buttle Wilson Group has provided comprehensive investment advice and service to New Zealand's major institutions. International institutions, organisations and private clients investing in New Zealand also recognise
      150 words
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      270 50 PAC I FIC SUISSE LIMITED A Very Personal Style Of Service To Overseas Investors Interested in New Zealand Pacific Suisse Limited Provides: Assured confidentiality Investment project appraisal Access to banking, legal, accounting, taxation business services Prompt receipt of any necessary New Zealand government approvals Provision of on-going management tailored to
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      285 50 ARE YOU BEING OFFERED THE BEST INVESTMENTS IN NEW ZEALAND? Let us negotiate and secure on your behalf the best investment opportunities in New Zealand. New Dimensions International specialises in sourcing and securing investment propositions, arranging finance at the best possible terms, establishing the most beneficial international tax structure and,
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      232 51 WHEN CREDENTIALS COUNT Efe Baldwin Boyle Shand Limited Public Affairs Counsel Whether you are a Singaporean company looking to invest in New Zealand, or a New Zealand company seeking business opportunities in Singapore, Baldwin Boyle Shand will facilitate that process, and help ensure the success of your venture. Baldwin Boyle
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      193 51 BANCORP HOLDINGS LIMITED PUBLIC BANK BERHAD BANCORP HOLDINGS LIMITED a member of the Public Bank Berhad Group of Malaysia, is pleased to contribute towards two-way investment and trade flows between New Zealand and South-East Asia BANCORP HOLDINGS LIMITED MERCHANT BANKERS, NEW ZEALAND Services: Acquisitions, Divestments, Mergers Equity and Debt Raising
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      228 52 23 Flights Every Week to New Zealand. (Simply Unbeatable.) NAGOYA a TOKYO 3 flights every week: 5 fj lg hts every week: Sat, Sun, except Thur, Fri 2 flights every week Air New Zealand is called The Pride of The Thur, Sat HONGKONG Pacific and justifiably so, since no other
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      139 52 HOTEL Si TOURISM RESOURCES FIRST STEPS The best and most rewarding business decisions are based on gaining the best local advice. In New Zealand, the partners of Hotel Tourism Resources possess the essential local knowledge you require to evaluate your business opportunity. Our collective pool of more than 60 years
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      62 52 TOP COMMERCIAL INVESTMENT IN NEW ZEALAND 12% NET YIELD AFTER TAX MODERN OFFICE BUILDING EXCELLENT LOCATION LONG-TERM LEASE (YR 2008) GOVERNMENT TENANT UP TO 75% FINANCE AVAILABLE For further information please contact: NEW DIMENSIONS INTERNATIONAL LTD. Business and Investment Consulting ADT House, 161 High Street, Dunedin, New Zealand Fax No:
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      120 53 For Sale -i Timber Treatment I and Pole Processing I Operations I The Receivers of Timpro International I Limited offer for sale jointly or independently the company's operations at: I Kailaia I Turnover approx $670,000 pa I 36ha including forest, farmland and I treatment plant I Frankton I Turnover approx
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      440 53 Ksmsa UNIQUE INVESTMENT OPPORTUNITY AUCKLAND, NEW ZEALAND TOWN CENTRE Two truly immaculate dry stock and farm properties. In New Zealand's laigest fastest growing city Waitarata Farm Waharau Farm acres acres Magnificent architecturally descried Enjoy breathtaking PLUS Medical Centre (Doctors, Dentist, laboratory, Physio) residence, plus woolshed, hayshed and water views PLUS
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      432 54 ffl CONFERENCE CENTRE NEW ZEALAND'S MOST MODERN CONFERENCE HOTEL The 155 room Waipuna Hotel is ideally positioned in New Zealand's business capital, Auckland, to capitalise on the two growth areas of modern travel the business visitor and the holiday maker. A high class, purpose built business and conference fully equipped
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      69 54 For Sale Umber Mill The Receivers of Amton Enterprises Ltd offer for sale a Timber Mill located at Port Rd, Whangarei This Frame Saw operation is located close to Port facilities and includes CCA and boric timber treatment facilities. Potential buyers should contact: John Cregten or Gerard Hulst of Ernst
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      208 55 NEW ZEALAND DAFFODIL FLOWER AND BULB FARM Arguably New Zealand's largest Daffodil farm situated in Kumeu just 20 minutes north from central Auckland. Farm comprises of 20 acres of fertile land, bulbs, impliment and storage sheds, cool stares and all necessary equipment to farm this successful business. The cunent vendors
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      279 55 "'■A n-—_ I 1 CROWN forest assets I I I «•—««< I^l I I NZ51,022,000,000 I Natural GAS Corporation fl| 1 AmmrwcH I I N.Z.5300,000,000 9 @M Atlantic fl «*„*>&*- 1 Natml G Note K** M M *<<« Amortising Capital Notes 1 N.Z.54,250,000,000 H Adv**, *>.*»«** H D«e is jniy
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      200 56 Investing in New Zealand? Ask a kiwi for advice. Before you venture into business in New Zealand, have a chat with Bank of New Zealand. We know the country inside-out, so we can offer you the best possible advice. We can also offer all the services you need to do
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      156 56 PROPERTY INVESTMENT CHRISTCHURCH NEW ZEALAND Jan Ward and Michael Gibbon of WARWICK TODD LTD Real Estate Agents and Property Management Consultants, are attending the Joint Venture Seminar and will be available from 17th 21st February at the Westin Stamford, Tel *****85 Fax: *****62 to advise on Property Investments or phone
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      213 56 We're in Business Together Singapore ud New Zealand mean bwiim. For us and our clients. Hickson Public Relations is run by a NewZealander whoisnowinbis lOtb year in Singapore. Our clients include some with strong New Zealand connections, like NZI Insurance and Construction Technology. Others are major Singapore companies and multi-nationals,
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      319 57 Property investment 111 |Yy 11 1111 fir® The more you look around, the more confident we are that you'll end up talking to Hill Samuel. O -m 9 Hill Samuel is one of Britains's most diversified and Kl fkfk IJTI W\ fj 11 W\ renowned Merchant Banks, specialising in arranging
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      696 57 Fletcher Challenge Petroleum, New Zealand's most successful oil and gas exploration and production company, considers Asia to be a key element in the company's international development strategy. From a base two and a half years ago of one 3,500 sq km concession, Fletcher Challenge Petroleum Asia, which manages the company's
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      149 58 An Investment that will give you Peace of Mind. Security is important when considering an investment. So it is with financial services and NZI. The NZI group of companies have been providing financial security for over 130 years, not only to New Zealanders, but to customers around the world. We
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      112 58 Superb Investment Property for Sale AUCKLAND, NEW ZEALAND THE A. S. B. BUILDING 323 GREAT SOUTH ROAD, GREENLANE Major Tenant Auckland Savings Bank Located in popular Greenlane, a commercial growth area of Central Auckland Site area 4,129 sq m (44,444 sq ft) Improvements comprise an attractive 3 level office development
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