The Business Times, 25 February 1992

Microfilm: NL17798
Total Pages: 66
1 66 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 Tuesday, February 25, 1992 75*
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  • NEWS SUMMARY
    • Article
      US sets nuclear inspection deadline for North Korea
      78 1 SEOUL The United States has set June as the deadline for resolving issues over North Korean nuclear weapons development and forcing the isolated communist nation to open to inspections, officials said yesterday. It is the first time a specific deadline has been
      78 words
    • Article
      Guangzhou to build race course
      62 1 HONGKONG Chinas thriving southern city of. Guangzhou is to build a race course but authorities insist they have no plans to lift a ban on gambling, press reports here said yesterday. Guangzhou mayor Li 'Ziliu told a meeting that the city planned a "no frills"
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  • MARKETS SUMMARY
    • Article
      Dow lower
      31 1 WALL STREET stocks opened little changed yesterday, with the Dow Jones industrial index of leading industrials slipping 0.45 point from Friday's close to 3,279.74 five minutes after the opening.
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    • Article
      Footsie higher
      30 1 LONDON shares were higher at midday yesterday, helped by moderate buying. At 1200 GMT, the FTSE 100-Share Index was up 20.7 points, or 0.8 per cent, at 2,563.0.
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    • Article, Illustration
      STOCK INDICES
      29 1 Moadajr Cfcuft BT-MGA 725.30 -3.73 KuaJa Lumpur ._.6I0.S6 -4.87 Tokyo 20,973.24 -311.57 Hongkong 4,715.62 -20.85 Sydney 1,627.0 +5.5 Friday Change New York 3,280.19 -0.45 London ..1,982.91 -6.5
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    • Article
      CURRENCIES
      22 1 Exchanga rates USS S$ 1.6460 100 Yen S$ 1.2725 MS SS 0.6344 Monty market rates Overnight 3-3/8 unch 3-month 3-5/16 +1/16
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    • Article
      COMMODITIES
      39 1 Londoa Gold AM fix US$349.00 -US$4.25 RiAbtr S'pore Mar I3l.75*/kg +0.25 M'sia Mar.... 208.50 /kg unch KL Tia Turnover 97 tonnes +46 Spot M$ 14.3 l/kg +0.05 Crwd§ paira ol Turnover 1,103 lots +96 Mar MS901 /tonne +2
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  • Article
    Lum Chang-led group leads in bid for KL monorail job
    476 1  -  MRT experience stands company in good stead By William Chia SINGAPORE A consortium led by Singapore contractor Lum Chang Holdings and its 55 per cent-owned subsidiary Eu Yan Sang Holdings has emerged as front runner in the contest for Kuala
    476 words
  • Article
    Lock icon Corporate Australia pins hopes on Keating's statement
    338 1 Reuter SYDNEY Prime Minister Paul Keating unveils tomorrow his master plan for Australia's economy, which business leaders and financial markets hope will invigorate a nation drained by 15 months of recession. Analysts said that it was vital that the economic statement, likely to
    Reuter  -  338 words
  • Article
    Lock icon Malaysian tax officers raid three companies
    167 1 Bernama KUALA LUMPUR Inland Revenue Department (IRD) officers last week raided three companies, including a multinational corporation, here on suspicion of trying to evade tax. IRD director-general Datuk Abu Bakar Mohamed Noor said yesterday that 30 officers from the Kuala Lumpur Investigation and Intelligence
    Bernama  -  167 words
  • Article
    Jakarta warns tax evaders of its right to probe accounts
    327 1  -  By Magdalene Ng SINGAPORE The Indonesian authorities will not hesitate to crack down on tax evaders by tracking funds stashed abroad. According to press reports in Jakarta yesterday, the government has said it reserves the right to probe the origin
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  • Article, Illustration
    Lock icon Asia-Pacific's premier air show takes off today
    394 1  -  By Alec Almazan SINGAPORE Asian Aerospace '92, Asia-Pacific's premier air show, opens today with a record number of participants from 38 countries including significant involvement from Asean companies. The exhibition, covering 21,150 sq m in halls and on runways near Singapore's Changi Airport,
    Picture by Chris Loh  -  394 words
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      391 1 Nikon The World s Finest Photographic System. Healthcare proposals THE PROBLEM of rising healthcare costs in Singapore should be tackled on all fronts, says the Review Committee on National Health Policies. It released a report yesterday which contains several measures to deal with the issue, as well as suggestions on
      391 words
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      Page 1 Advertisements Column 2
      122 1 CDL Hotels in NZ bid CDL HOTELS International has made a partial takeover offer for New Zealand's cashcd-up merchant bank Eu-ro-National Corp Ltd. Page 6 SML profit down 5.5pc SEMBAWANG MARITIME Ltd (SML) suffered a 5.5 per cent fall in aAer-tax profits to $14.6 million for the year ended Dec
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      17 1 Towards a level playing field, Pg 12 The many faces of a consumption tax, Analysis Pg 13
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      221 1 Nikon The World s Finest Pnotographic System Aircraft repair, pilot-training centres open in S*pore; Aerospatiale, SAe have plans for new protect, Pg 2 Bottom line, Back Pg Asian Aerospace *92 supplement BTs Asian Aerospace *92 supplement hits the news-stands this morning free with today's BT. Make sure you get your
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  • PAGE 2 NEWS
    • Article
      Aircraft repair, pilot-training centres open in S'pore
      389 2 SINGAPORE Singapore scored a double-first in the aerospace industry when two centres totalling almost $100 million were opened in Loyang yesterday, the eve of the Asian Aerospace '92 exhibition. While UK-based Dowty Aerospace Aviation Services's $70 million facility is South-east Asia's first inde-pendently-run
      389 words
    • Article, Illustration
      Aerospatiale, SAe have plans for new project
      364 2 Asian Aerospace '92 SINGAPORE Aerospatiale and Singapore Aerospace are making plans for a new project in the field of commercial aviation, according to Henri Martre, chief executive and general manager of the French aerospace and defence giant. Speaking at a press conference yesterday,
      364 words
    • Article
      Two firms vie for helicopter sale to S Korea
      247 2 SINGAPORE FrancoGerman helicopter maker Eurocopter is locked in competition with Italy's Agusta to sell a light attack helicopter to the South Korean army. The company is also strengthening its Asian presence with ventures in Singapore and India. Jean-Francois Bigay, president and
      247 words
    • Article, Illustration
      At the Singapore Technologies pavilion...
      126 2 SINGAPORE The Singapore Technologies Group will include in its Asian Aerospace pavilion this year exhibits from six foreign companies which have ties with its companies. One of them, US-based South West Research Institute, hopes to develop an infantry and artillery weapon training system for the
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    • Article
      US is largest exhibiting country at show
      212 2 SINGAPORE The United States is the largest exhibiting country at Asian Aerospace '92 in terms of exhibition space, with 187 companies occupying nearly a third of the 20,000 sq m allotted to indoor displays. "American companies clearly understand the excellent commercial opportunities available
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    • Article
      Boeing holds record order backlog despite recession
      192 2 SINGAPORE A top Boeing executive has said the US airplane manufacturer holds "a record backlog" of orders despite a recent spate of order cancellations, production deferrals and economic recession. Boeing has orders for more than 1,600 airplanes representing more than four years* worth
      192 words
    • Article, Illustration
      A340 makes first appearance outside Europe
      242 2 SINGAPORE The long-range Airbus A 340 is making its debut outside Europe with its participation at the Asian Aerospace '92 exhibition. Twenty of the 270-seater passenger planes will be delivered to Singapore Airlines between 1995 and 1998. The A 340, made by European Airbus
      242 words
    • Article
      Measures to deal with rising healthcare costs proposed
      523 3  -  Report of the Review Committee on National Health Policies Reports by Anna Teo SINGAPORE The problem of rising healthcare costs should be tackled on all fronts, the Review Committee on National Health Policies has proposed. Its report released yesterday contains several measures
      523 words
    • Article
      Govt should focus on middle, lower-income groups
      455 3 SINGAPORE The government should focus on providing healthcare for the middle- and lower-income groups and allow the private sector a larger share in providing non-subsidised medical services. Government medical services for the high-income group should only be for the purpose of setting a
      455 words
    • Article
      Call for Medisave contribution rates to vary with age
      273 3 SINGAPORE Medisave contribution rates should vary with age, with older workers paying more, the Review Committee on National Health Policies has proposed. The contribution rate could remain at 6 per cent for people under 40 years, and raised for each broad
      273 words
    • Article, Illustration
      Indian minister subject to conflicting demands
      718 3  -  Preview of the Indian Bucket From Rajendra Bajpai in NEW DELHI INDIAN Finance Minister Manmohan Singh faces a daunting task his Feb 29 budget must balance sometimes conflicting demands from his ruling Congress Party, the International Monetary Fund and the business community. Factions within
      718 words
    • NEWS ROUNDUP
      • Article
        TDB to co-lead another mission to Vietnam
        104 4 THE Association of Marine Industries (ASMI) and the Trade Development Board (TDB) will lead a trade mission to Vietnam from Feb 26 to March 4. The mission will be headed by ASMI's president Tan Mong Seng whije Lee Ying Cheun, the TDB's deputy
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      • Article
        Gateway 400 reaches out
        139 4 SINGAPORE Telecom has extended its electronic mail transfer service, known as Gateway 400, to Italy and the United Arab Emirates. Previously, only companies with the same electronic mail systems can communicate with one another. Now with a connection to Gateway 400, a company using its own
        139 words
      • Article
        Waste not
        130 4 SINGAPOREANS should bear in mind the country's limited land resources and pay attention to waste disposal and waste recycling, said Teo Chong Tee, deputy chairman of the Government Parliamentary Committee on the Environment, yesterday. He noted that waste-recycling schemes have been set up in 28 condominiums, two private
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    • Article
      Extension to NTUC Pasir Ris Resort will cost $42 million
      250 4  -  By Chuang Peck Ming THE NTUC Pasir Ris Resort will be extended at a cost of $42 million, says the Singapore Labour Foundation in its latest annual report. The main works on the second and third phases of the project
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    • Article
      Govt defends foreign worker sponsor scheme
      373 4  -  Idea for scheme from marine industry association: ministry By Salil Tripathi IN RESPONSE to criticism over the recently-increased levies for employing foreign workers, the Ministry of Labour has defended the proposed changes in a press note issued yesterday. The ministry expressed surprise that the
      373 words
    • Article
      Why maid levy has to be revised
      304 4 THE present revision of the foreign maid levy is brought about by the more than 20 per cent increase in the number of foreign maids last year, despite earlier increases in levy, said the Ministry of Labour yesterday. Defending the increase (from $250
      304 words
    • Article
      Most firms not maximising returns on real estate, says JLW report
      378 4 MORE than 70 per cent of Singapore's publicly-listed companies, excluding those in the property and investment sectors, are not maximising their property assets, a report by Jones Lang Wootton revealed yesterday. The report found that while most firms paid
      378 words
    • Article, Illustration
      BT's report on Khamis arrest is the Story of the Year
      446 4  -  SPH Annual Awards By Sylvia Wong BUSINESS TIMES has won the "glamour" prize in the Singapore Press Holdings' annual awards. The newspaper's exclusive report on the arrest of businessman Elyamani Khamis has been judged "Story of the Year". The
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    • Article
      Group vows to improve service to readers
      241 4 NEWSPAPER and magazine publisher Singapore Press Holdings plans to improve service to readers, in contrast to newspapers overseas. The editor-in-chief of SPH's English and Malay newspapers, Cheong Yip Seng, said yesterday that healthy advertising revenue generated by Singapore's economic growth meant SPH was
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      Page 2 Advertisements Column 1
      198 2 The birth of a S'pore simulator, Pg 17 The Straits Times Classified Where buyers sellers meet Find ready cash by selling the contents of your store room. <• -2 W'i e 'a if L Unauthorised IDD calls can be and add to company's expenditure. Through TELCON™ IDD phone controller, you
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      134 3 costLL TBfc. f 1 t ULM i&aktC ft H k m m I 'ill H mm M i "~.^B 1 M M'H OUR SET LUNCHES MEAN BUSINESS Wc have a series of set lunch proposals to offer at Moon Pavilion Chinese Restaurant that would whet U the appetite of any
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      Page 3 Advertisements Column 2
      30 3 S*. st The Tiffany Golf Accessories Tiffany Co. SINGAPORE: RAFFLES HOTEL. TEL: 3340 168 NEW YORK TORONTO LONDON MUNICH FRANKFURT BERLIN ZURICH MILAN FLORENCE HONG KONG SINGAPORE TAIPEI TOKYO .1
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      351 4 To meet the demand for new ways to manage risk, identify profit opportunities and read the markets, The Institute of Banking Finance presents these unique seminars 2 Using 16 &17 Mar 1992 Interest Rate Derivatives $1800 (IBF member) in trading and managing risk ***** (non-member) A two-day seminar for those
      351 words
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      273 5 Does The View from Your Office Window inspire you To Greater Heights? 6^l i gßh BIIbB in iViini.'M I B I |H iflh II JB. M T| I j^ks. New York and Hong Kong Hove long been thought of as the cities with the With a network of 133 offices
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        Acma complies with underwriting accord
        65 6 SINGAPORE Acma Ltd placed 4.5 million Gold Coin shares with Overseas Union Bank and 7.62 million shares with Ong Co at 53.24 a share, as stipulated in an underwriting agreement last year. Thus, Acma and its concert parties now hold 55 per cent of Gold
        65 words
      • Article
        Tonhow director quits
        24 6 SINGAPORE Tonhow Industries Ltd has announced that Tan Kay Sen resigned as a director of the company effective from Jan 21.
        24 words
      • Article
        Parkway unit buys two shares
        44 6 SINGAPORE Parkway Holdings Ltd said its whollyowned subsidiary, Gleneagles International Pte Ltd, has acquired two shares of $1 each in the capital of Gleneagles Nursing Agency Pte Ltd at par for cash. Gleneagles Nursing provides nursing and personal care.
        44 words
      • Article
        CSA answers SES query
        91 6 SINGAPORE CSA Holdings Ltd clarified to the Stock Exchange of Singapore that it has no specific or immediate plans to seek a listing on the Kuala Lumpur Stock Exchange. On bumiputra participation, CSA said that as a matter of policy, it intended to observe all rules
        91 words
      • Article
        SPC clarifies HK venture for SES
        73 6 SINGAPORE Singapore Petroleum Co Ltd has informed the Stock Exchange of Singapore that it held preliminary discussions with Swire Pacific and C Itoh on the possibility of building an oil terminal in Hongkong to cater for the jet fuel requirements of the new airport
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      • Article
        Plantation boost for Pernas
        68 6 KUALA LUMPUR Perbadanan Nasional Bhd or Pemas which plans to float its shares on the Kuala Lumpur Stock Exchange by 1993, is set to reclaim its position as the country's plantation giant. Saying Pernas was now a mediumsized plantation group, Pernas president Tunku Shahriman Tunku Sulaiman
        68 words
    • Article
      HK's CDL Hotels makes an offer for Euro-National
      384 6 SINGAPORE CDL Hotels International Ltd of Hongkong has made a partial takeover offer for New Zealand's cashed-up merchant bank Euro-National Corp Ltd, after gaining a 27.7 per cent stake. CDL has agreed to buy 15.3 million, or 13.8 per cent, of Euro-National's
      384 words
    • Article
      Lock icon MAS working out funding for M$8b expansion plan
      343 6 Bernama KUALA LUMPUR Malaysian Airlines System has appointed a financial consultant to work out funding strategies for the national carrier's MsB billion (Sss billion) fleet and staff expansion plan. MAS managing director Kamaruddin Ahmad said yesterday that the airline had not decided
      Bernama  -  343 words
    • Article
      SML suffers 5.5pc drop in after-tax profits
      380 6  -  By Rahita Elias SINGAPORE Sembawang Maritime Ltd (SML) suffered a 5.5 per cent fall in after-tax profits to $14.6 million for the year ended Dec 31 last year. Its earnings per share (EPS) also fell 5.5 per cent to 20.8 cents. Analysts, who
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    • Article
      Guthrie GTS makes general offer for L&M
      148 6 SINGAPORE Publiclylisted Guthrie GTS Ltd yesterday formally issued a conditional general offer for the 42J86 million 50-cent shares in LAM Group Investments Ltd that it does not already own, at $1.68 apiece. The construction and engineering group now owns 35.93 per cent of
      148 words
    • Article, Illustration
      Fidelity Inv managing director joins UBS
      154 6  -  By I Magdalene Ng SINGAPORE Stephen Law has left Fidelity Investments (S) Ltd, where he was managing director, and has joined Union Bank of Switzerland (ÜBS) as vicepresident for sales and trading risk management. Fidelity Investments, the world's largest independent investment manager, set up
      154 words
    • Article, Illustration
      Lock icon Fund managers shedding S'pore stocks in favour of M'sian shares
      593 6 MARKET TALK Reuter SINGAPORE Asian regional fund managers are beginning to shed Singapore stocks from their portfolios, finding few reasons to hold on to companies whose prospects remain dimmed by an uncertain economic outlook. Instead, these investors are re-rating Malaysian
      Reuter  -  593 words
    • Article, Illustration
      Lock icon Acil says rival to Brierley bid possible
      370 7 Reuter SYDNEY Australian Consolidated Investments Ltd (Acil) is working on an alternative to a Asl27 million takeover bid by Sir Ron Brierley and an offer by another party is possible, Acil adviser and former chairman Geoff Hill said. "There is certainly some interest
      Reuter  -  370 words
    • Article
      Thai real estate firm prepares for share issue
      386 7 BANGKOK Juldis Develop Co, a Thailand-listed real estate concern, has signed a contract with 21 finance companies to underwrite its S.S million new shares, The Nation reported over the weekend. Seeking to increase its registered capital from 163 million baht (S$ 10.6
      386 words
    • Article
      Work on Indon-NZ power project to start soon
      294 7 JAKARTA Indonesia's PT Okha Hutomo Satrya (OHS) will soon begin the construction of an Indone-sian-New Zealand geothermal power project with a total capacity of 40 megawatts (MW) on Mt Sibayak in North Sumatra, the Jakarta Post reported late last week. OHS is
      294 words
    • Article
      Lock icon Obstacles for Philippine stocks
      448 7 Strengthening share market hit by election, insurgency fears MARKET Reuter MANILA Pre-election worries, concern over a reviving communist insurgency and a lack of focus in government policy could keep the Philippine stock market at bay in spite of the strong start to the year, stock analysts
      Reuter  -  448 words
    • COMPANY BRIEFS
      • Article
        HK short-selling plan aims to raise control
        107 8 HONGKONG The stock exchange has issued a consultative paper on short-selling aimed at boosting trade control and bringing Hongkong into line with world markets. The longawaited paper proposes that initially, only 20 stocks with market capitalisation of HK$lO billion (5521.21 million) and HK$5
        107 words
      • Article
        Star TV denies rumours
        78 8 HONGKONG Satellite Television Asian Region (Star) TV's executive vice-president Arnold Tucker denied a local newspaper report that his company is involved in talks to buy troubled Orion Pictures Corp of the US. The Sunday Morning Post quoted analysts as saying Star TV's parent, Hutch Vision, jointly
        78 words
      • Article
        BHP to challenge tax bill
        78 8 MELBOURNE The Broken Hill Pty Co Ltd said it will make a legal challenge to the Australian Tax Office over a disputed A$ 185.4 million (*****.89 million) charge following the tax office's audit of the nation's top 100 companies. BHP executive general manager, finance, Geoff
        78 words
      • Article
        Taipei to privatise Yangming
        93 8 TAIPEI Taiwan will privatise Yangming Marine Transport Corp, one of the world's 10 biggest container shippers, by selling 51 per cent of its shares to private investors, the semi-official Central News Agency said. Privatisation will start tomorrow with the sale of 100 million shares at NT$
        93 words
      • Article
        Siam Cement signs steel pact
        89 8 BANGKOK The Siam Cement Co Ltd has signed an agreement with Yamato Kogyo Co Ltd of Japan to jointly invest in a 6 billion baht (SS3B4 million) plant for producing building structural steel. A Siam Cement spokesman said the plant at Mab Ta Phud, south-east
        89 words
    • Article
      HK firms dominate S-E Asian bourses
      1147 8 But predominance will be eroded as the sweep of privatisation brings more companies into the market HONGKONG Eight of the 10 largest firms listed on South-east Asian bourses are Hongkong companies. They dominate the top 20 stocks both because of the relative maturity of
      1,147 words
    • Article
      Lock icon Small is beautiful in the New Zealand equities market
      449 8 MARKET TALK Reuter WELLINGTON On New Zealand's battered equities market small is beautiful, according to brokers and analysts."Second line stocks have wildly outperformed the leaders," said Ord Minnett broker John Rattray. Ord Minnett's Small Companies Index (SCI) of 27 second line
      Reuter  -  449 words
    • Article
      Lock icon Some Japanese firms sue brokers for compensation
      220 8 AFP TOKYO Japanese companies have sued second-tier securities houses Yamatane and Cosmo for compensation for investment losses, officials said yesterday. A spokesman of Skylark Co Ltd said the firm had asked a Tokyo court earlier this month to rule against Cosmo Securities Co
      AFP  -  220 words
    • Article
      Lock icon Canton to open stock market in middle of year
      396 8 Reuter HONGKONG Canton, the capital of China's booming Guangdong province, plans to open a stock market by the middle of this year, a Beijing-funded Hongkong newspaper reported yesterday. "Canton has selected 10 companies to be listed on the stock market in
      Reuter  -  396 words
    • Article
      Lock icon Hyundai suffering cash and credit crunch
      217 8 AP SEOUL The giant Hyundai group is having a cash flow problem amid reports that it is being denied access to financial markets for new loans because of its founder's involvement in politics. Bankers and analysts said the second-largest Korean conglomerate virtually has had
      AP  -  217 words
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      233 6 Wc are looking for a partner to merge our fast growing business. Last year's turnover in excess of $30m. We have 100 many orders and not enough facilities to finance the orders and demand Sale of up to 51 percent may be considered. If you have business which is strong
      233 words
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      Page 6 Advertisements Column 2
      8 6 SML plans global multi-million dollar expansion, Front Page
      8 words
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      26 7 ASIAN k AERQSyCE Do not miss the WjjPfii i region's premier V ||S 1 airshow. 1 special feature with your copy of Business Times today. HShMfIHiH
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      226 7 IH| Ifei JjfIJTT THE NEW CROWN. Introducing the all-improved waMMn new Crown. The Crown has always been an exceptional car for exceptional men. And the all-improved new Crown goes even further in being an exceptional statement of Success. With its modern and refined good looks. No wonder those CEOs who
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      125 8 w.. w fv£fj !r M. < <\ n 1 #Hf 4 xf ♦#J2^ 4 <%• Jl R1 fl F w V» f /»H A > HRv KA 4 A promotion, we're told, depends on how well you perform. And often on how well our food does. Served in a cosy
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  • FINANCIAL NEWS
    • Article, Illustration
      AIA expects growth in new business to slow
      362 9  -  By Shoeb Kagda $INGAPORE In line with S" e projected slowdown of e Singapore economy this year, insurance group American International Assurance Co Ltd expects growth in its oew business here to shrink by half in 1992. Andrew Tan, AlA's senior vice-president
      362 words
    • Article
      International Bank of Asia likely to be listed in HK soon
      381 9 HONGKONG International Bank of Asia is likely to announce a Hongkong stock market listing next month, the Sunday Morning Post has reported. The HKS3OO million (5563.6 million) flotation will be one of the largest in recent years and will
      381 words
    • Article, Illustration
      Coin depositing made easy at POSB
      159 9  -  By Arthur Lee SINGAPORE Retailers and piggy bankers need no longer join the queue at some POSBank branches when they want to deposit coins. Self-service, coin-counting deposit machines have been installed at six POSB branches that have a high level of coin deposits. The
      159 words
    • Article
      Lock icon Bond dealers devise ways to avoid tax on bonuses
      523 9 Reuter LONDON High-earning bond dealers have long experimented with tax loopJboles to safeguard the hard-won bonuses which make up most of their tele-phone-number salaries. Share transfers through Panama, payment in unit trusts via offshore companies UK tax authorities have shut them
      Reuter  -  523 words
    • Article
      Lock icon Big firms listed in BCCI loan book
      208 9 Reuter LONDON Several big international firms, foreign governments and central banks are listed as recipients of loans from the collapsed Bank of Credit and Commerce International (BCCI), The Times newspaper said yesterday. The Times said it had obtained an apparently complete copy of
      Reuter  -  208 words
    • Article
      Lock icon CS First Boston posts earnings of US$215m
      527 9 NYT NEW YORK CS First Boston Inc said last Sunday that it earned US$2l5 million (*****.4 million) last year, largely on the strength of Wall Street's big year in trading and underwriting. The earnings marked a striking turnaround from 1990, when the firm
      NYT  -  527 words
    • Article
      Lock icon British insurers face dividend cuts
      424 9 Reuter LONDON Several British insurance companies will be looking to patch up ragged balance sheets with smaller or unchanged dividends as the sector recoils from the ravages of 1991 its worst year ever. Analysts see Royal Insurance pic, Guardian Royal Exchange pic (GRE) and General
      Reuter  -  424 words
    • SMALL CHANGE
      • Article
        RMA launches energy insurance unit
        119 9 SINGAPORE Local reinsurance specialist Reinsurance Management of Asia Ltd (RMA) has launched a new company, Asian Energy Insurance Group (AEIG), which will act as the regional underwriting agency for Milan-based Riunione Adriatica Di Sicurta. RMA chief executive Mark Jones said in a press release that
        119 words
      • Article
        ABN Amro to buy Sec Pac unit
        103 9 LONDON Security Pacific Corp said yesterday that it has signed a letter of intent to sell its stockbroking subsidiary, Hoare Govett Europe, to Dutch bank ABN Amro Bank NV. Hoare Govett Europe includes the London operation, one of the Britain's leading brokers. Security
        103 words
      • Article
        Review of Tokyo bank's ratings
        75 9 TOKYO Standard and Poor's Asia Ltd said yesterday that it was reviewing the credit ratings assigned to Long-Term Credit Bank of Japan Ltd to assess its ability to cope with asset quality problems. "This action reflects increased concern over the quality of the bank's loan
        75 words
      • Article
        Call to revise Thai banking rule
        92 9 BANGKOK The Thai Farmers Bank has given its support to a move seeking to revise the central bank's definition of tier two capital under the framework of the Bank of International Settlements (BIS). The Thai Bankers Association (TBA) has called for the revision in
        92 words
      • Article
        Talks on Thai loan to Vietnam
        79 9 BANGKOK Thailand's public and private sectors will meet this week to discuss a 150-million-baht (559.45 million) soft loan to Vietnam as part of Thailand's financial aid package, a source in the Commerce Ministry said yesterday. Taking part in the discussion will be the ministries
        79 words
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      Page 9 Advertisements Column 1
      75 9 Xtung centreX Prominence by the Waterfront I I Located in the prime financial district IfljT H I Near Raffles Place MRT station I I Prestigious tenants that include major I M U Professional building management and l I to 20,000 sq.ft. of quality office space ||n|| I I I H
      75 words
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  • THE REGION/THE WORLD
    • WORLD WATCH
      • Article
        S Korean investors to sign Tianjin centre deal
        89 10 BEIJING South Korean investors are preparing to sign a deal to create the largest industrial centre yet in China by South Koreans, near the north-eastern port city of Tianjin, the China Daily said on Sunday. The English-language paper said South Korea's Land
        89 words
      • Article
        Japan businesses plan PR blitz
        74 10 LOS ANGELES Japanese businesses are planning a major public relations blitz in the hope of improving their image among US workers and countering a "buy American" campaign in the US. The Japan Business Association, a group of some 700 Japanese companies, has put together a
        74 words
      • Article
        Kazakhstan Premier in China
        63 10 BEIJING Kazakhstan Prime Minister Tere Scenko arrived here yesterday on the first visit to China by a leader of his country since the Soviet Union's break-up, the Xinhua news agency said. Mr Scenko was due to meet his host, Premier Li Peng, at a welcoming ceremony
        63 words
      • Article
        India links up with 2 CIS states
        87 10 NEW DELHI India has signed a trade protocol with Russia and a framework agreement with Kazakhstan, the first since the break-up of the Soviet Union, a Commerce Ministry press release said. The protocol with Russia projects a bilateral trade turnover of 75 billion
        87 words
      • Article
        Saudi Arabia forms new ties
        30 10 RIYADH Saudi Foreign Minister Saud al-Faisal signed accords establishing diplomatic ties with Tadzhikistan and Turkmenistan during visits to the two predominantly Moslem Central Asian republics.
        30 words
    • Article
      Lock icon Vietnam plans two new export processing zones
      325 10 AFP HANOI Vietnam plans to build special "export processing zones" this year in Haiphong and Danang as part of a strategy to attract and spread foreign investment throughout the country. The northern and central zones will complement the 300-hectare Tan Thuan EPZ, whose
      AFP  -  325 words
    • Article, Illustration
      Lock icon More M'sian investments in Cambodia likely
      510 10 Pelangi Air, Public Bank in the forefront Bernama KUALA LUMPUR The visit of Malaysian Foreign Minister Datuk Abdullah Ahmad Badawi to Cambodia last week is expected to accelerate the interest of Malaysian businessmen to explore potential in that war-torn country's social and economic reconstruction
      Bernama  -  510 words
    • Article
      Lock icon Japanese corporate profit slump likely to be worse than expected
      459 10 Reuter TOKYO The sluggish performance of the world's economies is likely to take a bigger-than-expected chunk out of Japanese corporate profits this year and next, even if central bankers bite the bullet and lower the official discount rate. "There is
      Reuter  -  459 words
    • Article
      Lock icon Subsidies help EC top list of beef exporters
      391 10 Reuter GENEVA Official subsidies helped the European Community overtake Australia as world leader in beef exports last year, a report by the world trade body Gatt shows. Australia seized upon the figures released yesterday as further justification for moves to slash farm
      Reuter  -  391 words
    • Article
      Thailand, Laos sign tourism agreement
      461 10 BANGKOK Thailand and Laos have entered into an official cooperation agreement on tourism development, which is part of the economic development cooperation programme signed earlier between the prime ministers of the two countries, The Nation has reported. Under the plan, Thailand will initially promote travel
      461 words
    • Article
      Prospects good for Thai rubber in Israel: official
      221 10 BANGKOK Growing demand for natural and synthetic rubber and rubber-based products in Israel has provided Thailand with a good export prospect, reports the Bangkok Post, quoting the First Secretary of the Thai Embassy in Rome, Sinthorn Khantavong. Mr Sinthorn said Israel needed
      221 words
    • Article, Illustration
      Lock icon Confidence marks Saudi anniversary
      586 10 Kingdom stronger and more assertive after Saddam Hussein's defeat Reuter RIYADH Saudi Arabia, which one year ago looked vulnerable to Saddam Hussein's ambitions to control the world's largest oil reserves, is now oozing with confidence. King Fahd marked the 10th anniversary of his accession yesterday, satisfied
      Reuter  -  586 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      145 10 OVERSEAS COLLEGE SINGAPORE A Canadian education is now available in Singapore at Canadian Overseas College. The School, which is fully accredited by the Ministry of Education in Ontario, Canada and registered with the Ministry of Education in Singapore, offers tuition to secondary school students from Grade 9 to the Grade
      145 words
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      Page 10 Advertisements Column 2
      7 10 Electronics giants feeling the pinch, Pg 17.
      7 words
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  • THE WORLD
    • Article
      Lock icon UK poll shows financial ignorance among executives
      474 11 Surprise finding may be factor behind bankruptcies IHT LONDON A survey released yesterday reveals that sheer financial ignorance among British executives may play a surprisingly large role in the spiralling number of corporate bankruptcies. For executives, these findings are likely to add insult
      IHT  -  474 words
    • Article
      Lock icon Private investors flocking to invest in Latin America
      686 11 FT LONDON Flows of private capital into Latin America tripled last year to more than US$4O billion (5565.6 billion), eight times the 1989 level, according to research published last week by Salomon Brothers. The research, which concentrates on five countries Argentina, Brazil,
      FT  -  686 words
    • Article
      Lock icon Canadian Budget aimed at ending recession
      334 11 Reuter OTTAWA Canada's Conservative government is presenting Parliament with a Budget today aimed at bringing the country out of a lingering recession while keeping a large Budget deficit from growing out of control. Finance Minister Don Mazankowksi, approaching his first Budget since taking over
      Reuter  -  334 words
    • Article
      Lock icon Sweden set to revise rules on foreign ownership of shares
      495 11 Restrictions to be lifted by next year FT STOCKHOLM Foreigners should be entitled to acquire as many shares as they like in Swedish companies from Jan 1 next year under a proposal last week by the state's company law committee.
      FT  -  495 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      263 11 IMPORTANT NEWS FOR FLEET OWNERS IFI JA First to go "online", the Shell Card is the only fuel card vHI with up-to-the-minute accuracy. While other fuel cards and the chit system can only track expenditure after the event, the Shell Card enforces I limits as soon as they are reached.
      263 words
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  • Article
    Keeping Asean clean
    436 12 EDITORIAL LAST week's Singapore resolution on the environment and development has mapped out Asean's objectives at a crucial period in the development of the region's economy. In the wake of the agreement on an Asean Free Trade Area, growth is likely to be sustained, with even greater
    436 words
  • WHAT THE OTHERS SAY
    • Article
      Asean takes an eco-stand
      259 12 FACED with the need to pursue economic development and irrefutable evidence that the global environment is in danger, Asean has emerged from its fourth Ministerial Meeting on the Environment with a sound stand. It is based on the principle of sustainable development. This means striving for
      259 words
    • Article
      A festival for all
      109 12 THE Festival of Arts this year boasts the largest budget of $6.9 million. Judging from the line-ups, this festival is simply spectacular. With increasing affluence, more Singaporeans can afford to savour aesthetic performances. However, apart from staging performances by foreign artistes, Singapore should have its own
      109 words
    • Article
      Reducing crime rate
      125 12 THERE is no doubt that the Neighbourhood Police Post system has played a prominent role in cutting down the crime rate in HDB estates. This fact has proven concretely that to be effective in preventing crimes in densely-populated areas, the police cannot just wait within the station
      125 words
  • REGIONAL VIEWPOINTS
    • Article
      The West looks on
      142 12 THE death of Sheik Abbas Mussawi, the Lebanese Hizbollah leader, at the hands of the Israeli military near Sidon last Sunday reaffirmed that the West still prefers to play a passive role in the military conflicts in the Middle East. When Israeli helicopters strafed and killed
      142 words
    • Article
      Healing past wounds
      217 12 SOON after the his ascension to the Chrysanthemum Throne years ago, Emperor Akihito expressed a wish to visit China to initiate a new era of better relations between the two dominant Asian powers, and to convey remorse for the bloodletting of half a century before. The Chinese
      217 words
    • Article
      Aid for development
      132 12 OFFICIAL development assistance (ODA) plays a not insignificant role in prompting the development process. It can safely be said that all the countries which are successfully scaling the development ladder owe a considerable part of their accomplishment to the ready availability of ODA, especially in the implementation
      132 words
  • Article, Illustration
    Towards a level playing field
    1478 12  -  Australia's much-maligned business environment is fast changing for the better. An economic statement coming from the Prime Minister tomorrow will set the tone, reports Tye Kim Khiat Tye Kim Khiat The writer is a Melbourne-based journalist who contributes to BT THESE are exciting times in
    1,478 words
  • Article
    The dangers of easy credit
    747 12  -  The number of personal bankruptcies in Japan is soaring as a new generation of Japanese breaks free from their parents' tradition of thrift. Ted Holden reports Ted Holden FOR one candy company executive in Tokyo, the road to bankruptcy court started with a US$l9,OOO (S$31,000)
    747 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      37 12 DOONESBURY BY GARRY TRUDEAU UHATCHA rrSMY (UNION'S DRAFT QUESTIONS GOT THERE, CACHE OF HAVE GOTTENMETOTHNNNS I YOUR 80/.PCES SON SEIECTIVE ABOUT HOUJI BEAT THE DRAFT. I I "T THAT*# SERVICE THOUGHT MAYBE IV I I Me BACK'
      37 words
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  • ANALYSIS
    • Article, Illustration
      The many faces of an indirect tax
      669 13 CONSUMPTION taxes are a regular feature of the fiscal systems of industrialised and industrialising countries. Often they go by different labels, the more common of which are sales, business value added and goods and services tax. Indeed, there are diverse forms of consumption
      669 words
    • Article
      Getting a framework ready
      294 13 CONSUMPTION taxes have not as yet been introduced to Singapore. The government has, however, expressed its intention to have in place a legal framework for a broad-based consumption tax that may be readily implemented in the future. Inevitably, there are reservations as to the inflationary pressures
      294 words
    • Article
      How the others do it
      825 13  -  Consumption tax, even if not implemented this year, is likely to be discussed extensively in next month's Budget debate. Here, the rationale for a consumption tax and how it has been applied in some countries are examined. Reports by Jenny Lim and David Lee Jenny
      825 words
    • Article
      Highs and lows of tobacco trade
      1366 13  -  More anti-smoking legislation is on the cards but this is unlikely to make a dent in the share prices of cigarette manufacturers, writes Loretta McLaughlan Loretta McLaughlan The writer contributed, j regularly to BT on financial matters SMOKERS should prepare to go on the
      1,366 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      665 14 Nothing Beats A BudPSwo or ■Jl v: '-%i"-^^^^MB ORGANISE YOUR OWN KARAOKE! 1i It's your very own Karaoke party! King's Hotel has come up with a Daily Karaoke package for groups of 10-200 people from 12 noon to 5 pm. After your Penang Buffet Lunch, the Ist round of drinks
      665 words
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      Page 14 Advertisements Column 2
      271 14 WHERE TO WINE, DINE... Cunar Indulge JYuhiai perity «U*s. Traditfonat Hao Xi Fa Ha Da Xiao Nian You Yu will surely bring you Health, Wealth and Happiness throughout your life! Adult: $16++ (lunch) $18++ (dinner) Child: $10++ (lunch dinner) LI Plaza Hotel Cafe Plaza ftp clax with Ovada and Manila
      271 words
    • Advertisement
      Page 14 Advertisements Column 3
      317 14 WE VE JUST BRED A NEW WINNER I at The Stables I^l^ The Businessmen's Derby Lunch tjffjP A delectable choice of appetisers and soup, £n|» t 1 .J, l,||„l|./, kSMpj/s. vouowcu closely oy your pick from five ocitgnuui mslln <Ush« and a selection of desserts. Finish -i, n --i with
      317 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      531 14 TELEVISION AND RADIO A 1 A 1 TTT- 7.50 Nmoatck. 0.4S Vtal Sud. Aneelic Aneela set-"— ;ss»— X AI n VAAV 1 lil&vltl 7.30 AMCHN(L). 9.30 Workings of Parliament (See 7.30 Rambo Turbo's Dilemma. BBC, 88.9 mHz in VHF Band M 8.30 Close. Our Choice). 8.00 News. 7.05 am, 5.05pm,
      531 words
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  • LIFESTYLE
    • Article, Illustration
      A question of commitment
      962 15  -  Gurmit Singh gave up a comfortable career to stand by his principles, reports Nirmal Ghosh from KL Nirmal Ghosh A CEILING FAN chops lazily at the humid air as Gurmit Singh, now-greying enfant terrible of Malaysia's environmentalists, prowls about the ground floor of his house-cum-oflice in
      962 words
    • Article, Illustration
      All's fair in love
      501 15  -  An opportunity to find out if two plus two equals sex sends Cheryl Liew to Hilton Hotel for its first ainner-theatre offering of the year Cheryl Liew "W "W T HEN you put two people toW W gether, what is T the probability that they will
      501 words
    • Article, Illustration
      From out of Africa to London to NY
      698 15 CHATTERBOX SINGER Michael Jackson flew to New York on Sunday after a four-day London visit during which he went on a shopping spree at a toy store, saw his wax image at Madame Tussaud's, and visited comedian Benny Hill in the hospital.
      698 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      261 15 AND ENTERTAIN ShHHHR A buffet of perennial favourites with a different selection everyday... Monday Western Favourites Tuesday Chinese Delights > Wednesday Malay Temptations Thursday Mexican Specialities Friday Italian Raptures Saturday International Served daily from 12 noon to 2.30 pm at $19.50+ per person. An a la carte menu is also
      261 words
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      Page 15 Advertisements Column 2
      29 15 Lunch $9.00 Dinner $13.50 tn/oy our Slhibu ShJbu Sukiy.iki B.irhecue RESTAURANT KPBE Tel: 734-6796 4th Mr Unit 04 06 07 Tanqlin Shopping Centra Air flown KOBE BEEF also available
      29 words
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      Page 15 Advertisements Column 3
      117 15 IX. yv y GntyjfetesetUfntft ftw)sUtOO-f i. ."Aii li. MM i., J MINTON Where else would you make j an executive decision? For an important business lunch or dinner, what coukl be more impressive than traditional European cuisine and fine wines served •n an elegant restaurant right in the heart of
      117 words
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  • FOCUS
    • Article, Illustration
      Lock icon Sony's software strategy
      1287 16  -  David E Sanger looks at how Sony is capitalising on movies and music to solve its hardware woes David E Sanger NYT A FEW weeks ago, giving the toast at an annual Sony reception in Tokyo, Norio Ohga almost sounded like a man who had forsaken electronics
      NYT  -  1,287 words
  • Page 16 Advertisements
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      The birth of a S'pore simulator
      1028 17  -  Carolyn Lim traces the development of Singapore Electronic and Engineering Ltd's flight simulator, which will be unveiled today at Asian Aerospace '92 Carolyn Lim AMID the dazzling array of high-tech equipment on display at the Asian Aerospace '92 show is a flight simulator. There
      1,028 words
    • Article
      Lock icon Japanese electronics giants feeling the pinch
      651 17  -  Andrew Pollack reports on some of the deep-seated problems i that plague the industry Andrew Pollack NYT ITH consumer MA electronics sales in T a slump and technological shifts complicating the computer chip industry, several of Japan's electronics giants are predicting sharply lc?wer profits.
      NYT  -  651 words
    • Article
      TECH TAKES
      309 17 SINGAPORE Primefield has been appointed the Singapore distributor for the products of Taiwanese computer giant Acer. It will distribute Acerframe, a multi-processor which can carry out several tasks at a time; and the Acermate range of personal computers. The chairman and chief executive officer of the Acer Group,
      309 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      798 17 Jk WHO WON ll THE COLLECTIBIES COMPETITION GRAND DRAW? Three cheers for the lucky people who won our great prizes. They are: 24 CARAT GOLD-PLATED ERICSSON HOTLINE POCKET IC/BRN Lucky Draw IC/BRN Lucky Draw Names Nos. Nos. Names Noe. Nos. 1) MakCheeKeong *****15/G ***** 5) Suiaiman Bin Abdullah *****56/Z *****
      798 words
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  • SPORTS
    • SIDE LINES
      • Article
        Garrison lucky to beat McNeil for Slims title
        98 18 OKLAHOMA CITY Top-seeded Zina Garrison needed two hours 20 minutes and a dozen points in the last set tiebreaker to beat Lori McNeil in the final of the US$l5O,OOO Virginia Slims of Oklahoma tennis tournament. Garrison won the crucial tiebreaker 12-10 to
        98 words
      • Article
        Olazabal does it in style
        68 18 GOLF DEL SUR, Canary Islands Jose-Maria Olazabal of Spain collected his first victory of 1992 and his 12th on the European Tour with a flamboyant final round of 63 in the Tenerife Open here on Sunday. The 36-year-old romped home by five clear strokes after
        68 words
      • Article
        Hitachi to sponsor Lotus
        87 18 LONDON Lotus has landed one of the most sought-after sponsorship deals in Grand Prix racing with the news that it is to be sponsored by Hitachi for the 1992 Formula One season. Hitachi, one of the best-known names in international consumer electronics, has agreed to pay
        87 words
      • Article
        Konishiki trying for promotion
        92 18 OSAKA American ozeki (champion)-ranked sumo wrestler Konishiki will be vying for promotion to sumo's highest rank of yokozuna (grand champion) in the upcoming tournament, the Japan Sumo Association said yesterday. The 28-year-old Konishiki, whose real name is Salevaa Atisanoe, has the chance to become the first
        92 words
      • Article
        Jansher reaches final
        117 18 CARDIFF Jansher Khan, the defending champion, survived a spirited challenge from Australian Chris Robertson to reach the final of the Welsh Classic squash tournament on Sunday. World number five Robertson overturned a 12-7 deficit to win the second game and was well in contention until the last
        117 words
      • Article
        Holmes to fight Holyfield
        72 18 NEW YORK Former heavyweight champion Larry Holmes is expected to be the next opponent for undisputed heavyweight champion Evander Holyfield, probably on June 5. Kathy Duva, Holyfield's publicist, would not confirm the fight, but said an announcement would probably be made late yesterday. The fight is
        72 words
      • Article
        Learning from defeat
        52 18 NEW PLYMOUTH, New Zealand Zimbabwe's inexperienced cricket team was heartened by a narrow loss to Sri Lanka in its opening match of the World Cup tournament, captain David Houghton said yesterday. Zimbabwe scored 312 for four wickets, its best one-day score, against Sri Lanka in New Plymouth
        52 words
      • Article
        Krabbe to run in Olympics?
        98 18 BONN Katrin Krabbe, the 100 m and 200 m world champion banned for four years last week for failing a dope test, will run in the Barcelona Olympic Games, her lawyer said on Sunday. Reinhardt Rauball said he was confident that Krabbe and her fellow-sprinters
        98 words
    • Article, Illustration
      Lock icon Germans emerge with most medals
      744 18 Winter Olympics AP ALBERTVILLE, France The flame has gone out on the French Alps' Olympics, but this time it is only two years to the next Winter Games. Both medallists and alsorans are already talking about trying again, and in one sport, hockey the Russian
      AP  -  744 words
    • Article
      Lock icon A blaze of pageantry
      441 18 AP ALBERTVILLE, France In a sparkling celebration of sport and spontaneity, the Albertville Olympics came to a close on Sunday in an explosion of fireworks and joyful dancing. The pageantry marked a double 16th the 16th Winter Games ending as they began 16 days ago under
      AP  -  441 words
    • Article, Illustration
      Lock icon Italy wins close race in America's Cup
      282 18 Reuter SAN DIEGO Italy's II Moro di Venezia outduelled rival Nippon by 11 seconds on Sunday but the Japanese lodged a protest that could extend the America's Cup challengers second-round series by another day. The Japanese, battling Italy for second place in the
      Reuter  -  282 words
    • Article
      Lock icon Ivanisevic looks to Connors, Agassi to improve his game
      342 18 AP STUTTGART Goran Ivanisevic of Croatia has one of the most feared serves in tennis, a shot that produced a staggering 10S aces in last week's Eurocard Classic. But the 20-year-old Ivanisevic, who upset Stefan Edberg of Sweden, 6-7 (5-7), 6-3,
      AP  -  342 words
    • Article
      Lock icon Sampras wins US Pro Indoor title
      312 18 AFP PHILADELPHIA Pete Sampras captured his second US Pro Indoor tennis championship in three years on Sunday with a 6-1, 7-6 (7/4), 2-6, 7-6 (7-2) victory over Israeli Amos Mansdorf. Sampras, who was stopped in the quarter-finals of the ATP event in Memphis a
      AFP  -  312 words
    • Article
      Lock icon Pate triumphs in Buick Invitational
      220 18 AP SAN DIEGO Steve Pate got up and down from a spectator's beer cache, then converted the gift of a big league boo-boo by Mike Springer into a one-stroke victory in the Buick Invitational of California. Pate birdied the final hole to complete a 5-under-par
      AP  -  220 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Investors cautious ahead of results and Budget
      4277 19  -  By Claire Leow SHARE PRICES softened yesterday in thin trading, as caution set in ahead of the release of corporate results this week and the Singapore Budget this Friday. An investment analyst from Yamaichi Merchant Bank said that until most company results in
      4,277 words
    • Article, Illustration
      HOT STOCK
      67 19  -  By Chew Eng Han Comment THE downward correction in January was a shallow one and the stock is now trying for the next target of $2.25. Suggest taking profits on this upmove and waiting for a substantial dip before buying again. The 13-day RSI is at 80, and
      67 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3094 21 Magnum Corp 50« 372 +12 -1-3.3% M Banking 505 5 +1.0% Pedis Plant 520 +5 +1.0% Ketnayan 50« 73 3Vi +5.0% Dun lop Est 173 +2 +1.2% Tan Chong 50« 212 +2 +1.0% Uniphoenix 116 +2 +1.8% M Plantations 57 1Vi +2.7% PJ Dev Hldgs
    3,094 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      177 21 Travel 92 With the quality of life rising and the The Straits Times wandering lust still very much alive within March 13,1992 Singaporeans, the travel industry looks set to scale new height. And tapping into this fertile turf, TRAVEL 92 Fair will see a giant display of Lianhe Zaobao March
      177 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close easier on profit-taking
      5058 22 Bernama PROFIT-TAKING brought share prices here to an easier close in moderately active trading yesterday. The KLSE Composite Index fell back from its opening of 616.19 on index-linked selling to close at 610.86, down 4.87 points. The EMAS Index shed 0.97 of a point to
      Bernama  -  5,058 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      261 23 C~W VMr Group N«t N«t earnings Grots M prnllt/loss (L) ptr share dividend (cwits) Cerebos Feb 13 Sep 91 $45,623j($38.911) 148(12.8) 236TE(30TE) KL Kepong Feb 13 Sep 91 M$64.883($62.895) 15 3(148) 15(15) MST Feb 10 Aug 91 M$55.298(59,064) 30 9(33) 20(20) Asa Pacific Jan 24 Sep 91 $65,969(155.737)
      261 words
    • Article
      PRELIMINARY RESULTS
      180 23 Clap My Date Yaar Gro«p prt-Ux N«t Mnihrgs Grata mm to praM/lass (L) par sfcara dMdaad COOO) (cants) Steamer? Feb 21 Dec 91 $10,974(11.575) 6.1(7.1) 8(8) C Properties Feb 20 Oec 91 $10,555(111.828) 23.1(26.2) 50(40) Smpnanne Feb 20 Oec 91 $27,615($29,831) 19.2(19) 9(9) MC Bank Feb 19 Oec
      180 words
    • Article
      INTERIM RESULTS
      381 23 Cawpaay Data Half-yaar Croup pretax lirtarim am ta praM/lass (L) HMtmi (•000) lingui Feb 18 Dec 91 W$4,068($3,388) Cold Store Feb 17 Dec 91 S12.122($19.171) 6.5N(6N) GK Goh Feb 17 Dec 91 $3,772($5,091) Scotts Hldgs Feb 13 Oec 91 $3,726(11.313) 04(-) BMT Jan 30 Dec 91 $697($600) 50(50)
      381 words
    • Article
      CORPORATE DEVELOPMENTS
      441 23 Feb 22 A Far East Levngston subsidiary, Oil-Equipment Manufacturing (OEM) has been awarded four more licences by the American Petroleum Institute. OEM's fabrication shop is the only facility in South-east Asia licensed to monogram its products such as offshore cranes, derricks, sub-structures and production liquid storage tanks with
      441 words
    • Article
      DIVIDENDS ANNOUNCED
      428 23 Cmrmt Ex Mi Date Tatel far Tatel far paymaat date data payaWa tea yaar last yaar tefFT 4 2%(e) Feb 7 Feb 21 Feb 28 7 7% 5 75* A*an Find USlOt(b) Mar 10 Mar 20 Mar 30 US10C USIOc A*tno 20c 12 SITE Mar 3 Mar 13
      428 words
    • Article
      APPROVED ISSUES
      134 23 Company Right* ham Am Pic Land Four-tor sewn MSG 50 per share Ei-dale Jan 3 Books dose lan 17 Acceptance I Payment Mar 5 **ki M Two-tor-or* SI 00 per stare Ex-dab Ian I Books dose ian 20 Acceptance I Payment Feb 28 ttdp One-tor-ten MSI 10 per
      134 words
    • Article
      PROPOSED ISSUES
      540 23 Company Wght» twie **wce Tech One-tor-one 3 >100 per share issue of $90 978«* nomral amount of 3-5% Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 4*9m detachable warrants on the bass of <2 normal amount of Bonds tor every three exist** shares held Every $2 nomnal amount of
      540 words
    • Article
      SCRIPLESS CONVERSION
      48 23 Coavcnloa Special Trig Scripieaa Coamtioa deadliae Period Trafeg Com pan) sum (IDP) (ST) xmt> Jacks Iat Jan 29 Feb 20 Jan 29 Feb 20 Feb 21 Hai S« Hap Apr i Apr 23 Apr 10 Apr 23 Apr 24 3rn NY A Tl«*a Pab NY A
      48 words
    • Article
      COMPANY MEETINGS
      82 23 Duff Bhd: 19th AGM it the registered office, No 21 23, Jaian Hussein (Ground Floor), ***** Ipoh, Perak Darul Ridzuan, Malaysia, on Wednesday, Feb 26, at 10.30 am Pi Dmtopmnt Hotdnp Bhd: EGM at the registered office, No 21 23, Jalan Hussein (Ground Floor), ***** Ipoh, Perak Darul
      82 words
  • Article, Illustration
    CHARTING SERVICE
    590 23 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    590 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Index up strongly on gains in bank, property shares
      2193 24 Reuter THE STOCK INDEX closed 1.98 per cent higher yesterday after the Stock Exchange of Thailand lifted an order obliging buyers of Bangkok Bank and two major property issues to pay cash. The SET Index climbed 15.82 points to 813.28 its
      Reuter; SOURCE: PONT DATA  -  2,193 words
  • JAKARTA STOCK EXCHANGE
    • Article
      Lock icon Index rises on selective buying
      1223 24 Reuter STOCK trading was active in selective buying yesterday, with strong interest in the industry sector, brokers said. The index closed at 282.93, up from the officially revised 279.93. Turnover rose to 6.85 million shares from 4.77 million. Inco and Unggul Indah Corp rose 200
      Reuter  -  1,223 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      91 24 FOR SUCCESSFUL i MANAGEMENT OF YOUR 1 BUSINESS j Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an
      91 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market loses most of Friday's gains
      2606 25 Reuter TOKYO STOCKS closed sharply lower yesterday, surrendering most of last Friday's gains on index-linked selling and profit-taking. Brokers said a weaker yen also hit sentiment, eroding hopes of an early discount rate cut, and speculative issues provided the only focus of interest in
      Reuter  -  2,606 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Prices ease on blue-chip profit-taking
      2569 25 Reuter SHARE PRICES ended easier on blue-chip profit-taking yesterday but selective demand was seen for secondliners, particularly China concept stocks. Brokers said speculative local demand had shifted from overpriced blue chips and covered warrants to China play stocks like Tian An, Pacific Concord and Hopewell
      Reuter  -  2,569 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close higher despite falls in overseas markets
      2318 26 Reuter THE SHARE MARKET made healthy gains and closed at its high yesterday after a shaky start to the day. Brokers said the market performed surprisingly well, considering falls in overseas markets, and was led by a handful of stocks and gains
      Reuter; SOURCE: PONT DATA  -  2,318 words
  • REGIONAL STOCK MARKETS
    • Blue chips fuel rebound in Manila market
      • Article
        MANILA
        532 26 SHARE PRICES closed higher yesterday on the strength of two leading blue chips and the return of bargain hunters after last week's lacklustre performance, brokers said. The Manila Stock Exchange Composite Index rose 32.23 points to 1,188.31 mainly because of market leader Philippine Long Distance Telephone Co and real
        532 words
      • Article
        TAIPEI
        498 26 SHARE PRICES opened higher yesterday but finished lower on late selling in heavy trade. The Weighted Index, which soared more than 60 points at the opening, ended 4.56 points lower at 5,070.24. Turnover surged to NTS 59 billion from $39.7 billion on Saturday. Only the financial sector posted moderate
        498 words
      • Article
        NEW ZEALAND
        274 26 SHARE MARKET was led lower by declines in forestry stocks yesterday, while the broader market was mixed to slightly firmer. Foresters Fletcher Challenge at NZ53.39 and Carter Holt Harvey at $2.40 were down six cents and three cents, respectively. Leader Telecom gained two cents to $2.36. The NZSE--40
        274 words
      • Article
        SEOUL
        740 26 PROFIT-TAKING from recent sharp rises pulled the Seoul stock index lower yesterday with no sign of foreign funds entering the market, brokers said. The Composite Stock Index added 3.23 points to 637.73 with 18.69 million shares trading worth 216.45 billion won. "The market itself is in a downward correction,"
        740 words
      • Article
        Untitled
        48 26 Close hiitw F«k 25 NEW ZEALAND NZSE-40 Capital 1,489.55 1.499.69 -10.14 MAMLA Composite Index 1.188.31 1,156.08 32.23 Turnover (million) 1.280 935.86 344.14 TAIPEI Weighted Price Index 5,070.24 5,065.68 +4.56 Turnover (NTS billion) 59 39.7 +19.3 SEOUL Composite Stock Index 637.73 634.5 3.23 Turnover (billion won) 216.45 221.21 -4.76
        48 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon Volume of borrowing hits record high: OECD
      518 27 Reuter PARIS The volume of borrowing on the international financial market hit a re- cord high last year and a boom in bonds looks set to 1 run on in 1992, the OECD said last week. The Paris-based Organisvation for Economic Cooperat tion
      Reuter  -  518 words
    • Article
      Lock icon Some big profits in US junk bonds
      570 27 Market still strong after sterling performance last year NYT NEW YORK For a quick profit, buy bonds from companies that cannot pay their bills. If that sounds absurd, then you are not with the current spirit of Wall Street. Profits are accumulating for
      NYT  -  570 words
    • Article
      INTERBANK FOREX RATES
      383 27 Cross rates Feb 24 -w 1 USS ss MS Dm Yen SFr AS NZS uss r. 2.5940 1.6630 129.10 0.5760 1.5070 1.3298 1.8450 Is, t 0.6068 1.5740 1.0091 ESS 0.3495 0.9144 1.1196 m$ 0.3855 0.64 0.6411 49.7687 0.2221 0.5810 0.5126 0.7113 Dm 1 0.6013 0.9910 1.5598 77.63
      383 words
    • Article
      MONEY MARKET
      534 27 Interbank rates SS Bid Offer Overnight 3 3/8 3 1/2 1-month 3 5/16 3 7/16 2-month 3 5/16 3 7/16 3-month 3 5/16 3 7/16 Overnight mode: 3-7/16 LSS BM Offer 7 days 4 1/4 4 3/8 1 month 4 1/4 4 3/8 2 months 4 5/16 4
      534 words
    • Article
      US dollar strengthens in Asia
      762 27 REPORTS IMfi: "y W"»• V. Tokyo: The US dollar was firmer against the yen and the mark in late Asian trading yesterday, after rising in Tokyo to breach the key 129-yen and 1.66-mark levels, dealers said. "The dollar's prospects remain bullish after breaking major resistance
      762 words
    • Article
      FINANCIAL FUTURES
      1132 27 SIMEX nwmiuw Open High Low Sett Est Vol Op/lnt Vol Mar 92 95.66 9166 9163 6200 ***** 5373 Jun 92 95.35 95.36 95.28 95.32 ***** ***** ***** Sep 92 94.96 94.98 94.88 94.93 ***** 9417 4420 Dec 92 94.25 94.26 94.18 94.22 3500 5630 1804 Mar 93 93.98
      1,132 words
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  • COMMODITIES
    • Article, Illustration
      Lock icon Base metal prices unlikely to recover in first half of year
      548 28  -  By Shoeb Kagda SINGAPORE Deepening recession in the West and a worldwide glut in most base metals have erased hopes of a price recovery in the first half of this year. Traders saw a glimmer of hope last month
      Source: London Metal Exchange  -  548 words
    • Article
      Gold ends lower in HK on professional selling
      826 28 REPORTS GOLD closed lower yesterday in quiet trade in Hongkong, dealers said. The market was very quiet yesterday morning before professional selling pushed gold to an intra-day low of U*****.90/350.40 due to a lack of buying interest, said a dealer at a
      826 words
  • Article
    PRICES
    1364 28 Rubber Feb 24 ■MChfchWw) S ccnts/Kg Noon Clote Int I RSS Prompt 131.00/132.00N 131 25/132 25N Int 1 RSS Mar 92 131.50/132.50 131.7VI32.73 Int I RSS Apr 132.7V133.25 132.50/133.00 Int 2 RSS OP 130.50/131.SON 130.50/131.SON Int 3 RSS OP 130.00/131.00N I30.00/I31.00N Int 4 RSS OP I28.00/I29.00N 128.00/ 129.00N Int
    1,364 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      627 28 BUSINESS TIMES Toll fr— Trt No 737 0043 'Fax No: 734 3608 KEPPEL FINANCE LIMITED (Incorporated in the Republic of Singapore) AMENDED NOTICE OF CLOSURE OF TRANSFER BOOKS AND REGISTER OF MEMBERS FOR THE PREPARATION OF DIVIDEND PAYMENT NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members
      627 words
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      Page 28 Advertisements Column 2
      8 28 Personal Finance Investment in Business Times every Saturday
      8 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1181 29 OUT FIKM ETA Atti Mutt GA893 1500 GA974 2245 GA886 2245 MM• 1910 QF82 2115 tatMn KL837 1340 SQ24 0115 GA893 1500 GA974 2245 SQ23 1815 KL838 2325 NZ35 1530 2045 mm■■ 2305 GA525 1450 BtttrM BM21 1105 SQ182 0915 la®awaa SQ181 1410 BJ422 1205 BI429
    1,181 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Preserving a Moghul romance
      690 29  -  LETTER FROM AGRA By Dilip Ganguly THE Taj Mahal survived three centuries of war, tempest, flood, and abuse, but now pollution threatens the monument to love, one of mankind's most magnificent structures. Now the US Park Service is helping rescue the gleaming Taj, which has become
      690 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      152 29 As at 3 Dm vestwdav: Load dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2322 1.2489 Canadian dollar 1.3722 1.3997 NZ dollar 0.8824 0.9182 Sterling pound 2.8484 2.8870 US dollar 1.6430 1.6320 Local dollars to 100 aaits of foreign currency Austrian schilling
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      68 29 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Mar 25 Pension Piccadilly, Le Meridien ********** 1992 Sports A Tourism 1992 Trusteeship London Hotel, London Apr 1992 International Yugoslavia Zagrebacki (38)41/*****6 Training Day Days of Tourism Valesajam Mar 28 International Bari, Italy Fiera Del (39)80/*****2 Apr
      68 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      31 29 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details.
      31 words
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      Page 29 Advertisements Column 2
      24 29 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 29 Advertisements Column 3
      42 29 mi Masked robber on the prowl even after police warning about him Who are his victims? Where does he strike? What does he go for? Find out in The New Paper today fIfWV paper NEW, NEWS, NEWSY From lunch-time. Monday to Saturday.
      42 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      175 29 12 Rebuilt wall on a church bird sanctuary is most de--20 Oriental writing a note right, twisted (9) 30 Hemp is used in imprisoned, phone about rest after midnight (6) ing of such a jackct (6) (9) M Put down on and shu, 31 New Testament declara- 14 Uplifting creatures,
      175 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      174 29 Singapore Outlook: Wiady with passing showers over a few areas in the late morning and early afternoon. Report Maximum temperature 32.5 Assoc humidity 53% Minimum temperature 24.2 Assoc humidity 93% Hours of sunshine 9.10 Rainfall in mm Trace Rainfall this month 62.4 Rainy days this month. 4 World forecast Asia-Pacific
      174 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      23 29 i pqnt come Heße. uowc (uork uhm "Me. oeviL is v— for we n s Picftsunc. J ofct9A O AMOMnDMMMNM LTD, M»IW »Afc.
      23 words
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  • Article
    Lock icon China needs bolder economic reforms: paper
    531 30 AP BEIJING The Communist Party newspaper, normally a bastion of conservatism, yesterday called for bolder economic reforms in a sign that the new reform drive of senior leader Deng Xiaoping is gathering strength. "We should increase our boldness in reform and opening up to
    AP  -  531 words
  • Article
    Lock icon Hongkong factor sidelined in China's MFN debate
    339 30 AFP HONGKONG Hongkong's pleas will play a lesser role in saving China's MFN status this time as Washington focuses more on home affairs in this election year and less on this British colony's economic future. Instead, US jobs, the main election issue, will
    AFP  -  339 words
  • Article
    Umno officials hold talks with M'sian King
    469 30  -  From Leslie Lopez in KUALA LUMPUR TOP officials of the ruling United Malays National Organisation (Umno) party have held unprecedented talks with Malaysia's King, Sultan Azlan Shah, in a bid to avert a constitutional crisis, senior party officials said yesterday. The 40-member Umno
    469 words
  • Article
    Lock icon Tsongas leads, Bush wins in Maine caucus vote
    302 30 Reuter PORTLAND, Maine Democratic front-runner Paul Tsongas held a slim lead in last Sunday's Maine caucus over a surprisingly strong Jerry Brown, while US President George Bush beat Republican challenger Patrick Buchanan in a landslide. With 94 per cent of the votes
    Reuter  -  302 words
  • Article
    Lock icon Middle East peace talks resume despite violence
    255 30 Agencies WASHINGTON Israeli and Arab negotiators are resuming peace talks as violence continues in Jerusalem and the occupied lands and Shiite Muslim leaders in Lebanon vow continued struggle against the Jewish state. The talks so far have been inconclusive, but officials were encouraged
    Agencies  -  255 words
  • Article, Illustration
    An Asian aircraft is no pie in the sky
    717 30  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent IT PROMISES to be a big, long party. It will last at least 20 years, or for as long as the consumer demand explosion in the Asia-Pacific lasts.
    717 words
  • Article
    Lock icon S'porean in S$181m Colombo deal
    134 30 AFP COLOMBO A Singapore developer yesterday signed an agreement with the authorities here to put up a US$llO million (SslBl million) high-rise building, making it the biggest single foreign investment in Sri Lanka. Shing Pee Tao signed an agreement with the main in- vestment promotion
    AFP  -  134 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      306 30 [Singapore's most popular Nitsuko, I Key Telephone System I em YOUR HQ IHEEXKUIHE mamaa worrylnH S leading*) HR Kncknm 2*to<*al Ifnd baggy ey«i~^V^ M, n 3B l MHk& l^HNl^^^HPW^Hi Bt EJBnSH u*Tnn«nea Cf -iimPp V theoneetot 'vjflP?" turrowed *—Inn open pores 1 and blackheads f&, the atari of —BBfch* <>
      306 words
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      Page 30 Advertisements Column 2
      97 30 SINGAPORE COm #3 Distributor of the most sought after Key Telephone System Tel: *****68 J r h The Tradition Of Blanqhin JBL BlancpaiN Singapore THJ HOUR CLASS Lucky PU/a Tel 7)*****/1 ScoltsTel 2 *****7/71 98 Centrepomt Tel 7341 598 Peninsula PU*a Tel: *****09/*****63 Piliis Renaissance Tel *****62/543 RaHWs Tel- 334
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  • Shipping Times
    • Article, Illustration
      SML plans global multi-million dollar expansion
      477 31  -  Move is to shed its salvor image Rahita Elias SINGAPORE Sembawang Maritime Limited (SML), in a bid to shed its image as just a salvor, is spending millions to expand its operations. Managing director Billy Lee said: "SML will add one or two more
      477 words
    • Article
      Lock icon World ship orders at record high: Lloyd's Register
      273 31 Reuter LONDON The world order book for new ships rose to its highest level since June 1977 in the fourth quarter of 1991, Lloyd's Register said. Ships under construction and on order at the end of December totalled 43.2 million gross registered
      Reuter  -  273 words
    • Article
      Lock icon BA-KLM merger talks may be in jeopardy: paper
      211 31 Reuter LONDON Merger talks between British Airways PLC (BA) and KLM Royal Dutch Airiincs could be jeopardised because of disagreement over the structure of the deal, according to British newspaper reports. The Sunday Times newspaper said that the Dutch government wants KLM
      Reuter  -  211 words
    • Article, Illustration
      Pan-United to build $12.5m tanker
      280 31  -  Juliette Walker SINGAPORE Local shipyard Pan-United Shipping Pte Ltd has garnered its first major contract of the year to build a 12,400 deadweight tonne (dwt) clean product tanker for Petroships Pte Ltd. The $12.5 million vessel will be the second clean product tanker Pan-United has
      280 words
    • LOG BOOK
      • Article
        No orders for ships to load at Sullom Voe
        81 32 LONDON Berthing of ships at the North Sea Sullom Voe Brent Blend loading terminal has been suspended, but this is not causing a delay as there are no ships with orders to berth, a spokesman for Shetland Islands Ports and Harbours
        81 words
      • Article
        Panamanian ship ready to leave
        41 32 LONDON The Panamanian-flag vessel Excelsior Luck should be repaired and ready to leave Colombo by tomorrow, Lloyd's Shipping Intelligence Service said. The 11,617-dwt vessel suffered an engine breakdown about 340 km south-west of Colombo last month.
        41 words
      • Article
        Fire damages St Vincent vessel
        79 32 LONDON The fire extinguished on the St Vincent and Grenadines-flag vessel Carli Metz caused extensive damage to engine room wiring and the generator used to lift the anchor, Lloyd's Shipping Intelligence said. The fire broke out in the engine room of the 10,080 dwt vessel,
        79 words
      • Article
        S Korean bus drivers' strike vote
        111 32 SEOUL Some 30,000 South Korean bus drivers will strike next week if their pay is not increased by more than a third, a union spokesman said on Friday. "Union members across the country took a vote last night and 93.5 per cent of them
        111 words
      • Article
        Cypriot ship to abandon voyage
        74 32 LONDON The Cypriot bulker Panagia Phaneromeni is severely damaged and may have to abandon its voyage near Piraeus, Lloyd's Shipping Intelligence Service said. The 16,261-dwt vessel was beached shortly after being refloated on Feby 16 because its pumps could not keep up with the ingress
        74 words
      • Article
        Panamanian ship still aground
        48 32 LONDON The Panamanian vessel Minerva is still aground off Sumatra, Lloyd's Shipping Intelligence Service said. The 8,187 dwt vessel ran aground on Nov 25 last year. According to the master, the Minerva began to list after an object bumped the bottom of the vessel.
        48 words
      • Article
        TNT's Sofia service successful
        61 32 SINGAPORE TNT Express Worldwide's recently introduced express service to Bulgaria has proven to be successful, said the company's regional manager for network development Jack Herejigers. TNT's service offers businesses in Europe a 48-hour delivery, including documents, parcels and freight, to the Bulgarian capital of Sofia. The
        61 words
    • Article, Illustration
      Running out of gas
      975 32  -  Some years ago, it was a sellers' market for motor vehicles in India. But sales have dropped alarmingly in recent months. Rajendra Bajpai, reporting from New Delhi, looks at the causes Rajendra Bajpai, SALES of cars, light motor vehicles and even scooters, hit by high interest
      975 words
    • Article
      DAILY FREIGHTS
      458 32 DRY CARGO operators had little reason for cheer as freight rates were falling again and looked set to remain weak, brokers said on Friday. Thursday's mark-down of the Baltic Freight Index by six points was widely believed to have been too lenient and Friday's BFI was off 13
      458 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      877 32 Page Col ABC Containerline 12 I Accord Group 8 1-3 APL 5 3-5 A PC Line 13 5 Arrow Inter 9 4 ASCL 5 9 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 10 1 Bangladesh Shpg
      877 words
    • Article
      THE SHIPPING GUIDE
      7781 40 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
      7,781 words
    • Article
      SHIPPING AGENTS
      3342 45 Containeriiae NV: Belsin Shpg Agencies Pte Ltd (SyManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkrta Business Corporation Philippine Calsource Shpg A Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg A Trdg (S). Xlbatros Sen-Air Service: Frata Shpg Pte Ltd
      3,342 words
    • Article
      COURIER SERVICES
      263 45 Abacas Couriers Td. 545-8011. Fax: *****98 Air Express Travel Td: 533-5771. Fax: *****44 Airborne Freight Corporation Td: 542-8844. Fax: *****16, *****80. Airswift Worldwide Courier Td: 278-0188. Fax: *****83. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Td: 344-3377. Fax: *****50. Cluster Link Supplies A Services
      263 words
    • Article
      AIR FORWARDERS
      1541 45 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****41 Activair Singapore Td: 542-7821 Fax: *****20. Aeroiink Freight International Td: 545-8031 Fax: *****05. Td. U 542-5911. Fax: *****18. Air Cargo Novo Express Td: *****54. Fax: *****06 Air Express International Td: 542-7666. Fax: *****74, *****50. Air
      1,541 words
    • Article
      PORT CONDITIONS
      3099 46 ARGENTINA Labour situation has remained quite this week. Buenos Aires: Port busy with most general cargo berths occupied; no delays. Villa Constitution: No vessels in port/roads/due. Sm Nicholas: Three vessels berthed of which 1 loading steel products, 1 discharging fuel oil, 1 awaiting berth. Necochea: A national grain
      3,099 words
    • Article
      AIR FREIGHT SCHEDULE
      552 46 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flifht Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 1 NRT S1A SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 I SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL6I7 B747F 0345 I TYO KAL
      552 words
    • Article
      SHIP SALES & TANKER RATES
      1120 46 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers El DeiaMenr. 131,260 dwt and built Jan 1974 Nippon Kokan, offers including time-charter till Aug/Oct 1992 at USS 14,553 per day nett. J osteite/Endeavor each 122,971 dwt and built 1975/1976 Nordseewerke, inviting best outright offers. Emma D P Seconda: 54,562 dwt
      1,120 words
    • Article
      CRUISE & FERRY SCHEDULES
      666 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Art Dep Num of Vessel ETA LTD Ports of Calls Port Agent FEB 25 25 25 25 26 27 27 27 28 28 29 29 yiDOII Asean World Royal Pacific Cora Princess Royal Pacific Song of Flower Asean Worid 1000 1000 1000 1000 0800 1000
      666 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        624 47 fan* N» Berth Anted Daparfrrt UmI fry H» Berth Mai Oepartn y,,| M i in In I I T i iwini i m iimiiai 1 Mmoawans itnnnuM Batam Baru B128 M04 24.02/2300 Haewoo No 3 V054 S03 alongside 24.02/1800 Batam Mum *****2 M05 alongside 25.02/0500 San Lub
        624 words
      • Article
        IN MALAYSIAN PORTS
        240 47 iohofo Pwt Berth: 1: Jen*i; 2: Banglumpoo; 3: Kota Benar; 4: nil; 5: Barge Comfort Marine 2401; 6: Yuni Modest 01 jetty: Stott Aspiration, Shoko. DCJb Gloria. Due on Fob 24: Suai, Creftventure I, Subur, Mike VI, Hosho Maru, Anangel Liberty, Bunga Seta war, Kota Mesra. Due
        240 words
      • Article
        CONTAINER SCHEDULE
        912 47 m mi rTIimil 7T1 MID LCL CA m. a» Voy No R Etb/Btr P Bootat/Baiance From To Rsfo From A Venture 03/254 25/2359 24/1500 24/1700 24/1659 25/0659 24/1900 25/0900 acx Jade 73A 26/1500 24/1700 25/0700 25/1200 25/0659 25/1159 25/1459 25/0900 25/1400 25/1700 ACX Rose 246 25/1730 24/1500 24/1700
        912 words
    • Article
      Lock icon One airline ideal for Canada
      304 48 Reuter MONTREAL Canada's airline industry should consolidate to have only one major international carrier, Air Canada chief executive officer Hollis Harris said. He added that one of his first priorities would be to pursue negotiations with PWA Corp's Canadian Airlines and USAir Group Inc UN.
      Reuter  -  304 words
    • Article
      Lock icon Peru suspends landing rights to Argentine airline
      252 48 AFP LIMA Peru on Sunday suspended the landing rights of an Argentine airline which had said passengers that contracted cholera on a flight to the US picked up the bacteria during a stopover in Lima. In a communique, the Peruvian Transport Ministry expressed
      AFP  -  252 words
    • Article
      Lock icon Derailed train causes scare in US town
      251 48 UPI STURGEON, Montana A rather harmless freight train derailment on Sunday sent shivers from the past through a small US town that was emptied 13 years ago by a single tanker car that jumped the tracks and spilled deadly toxin. In the latest
      UPI  -  251 words
    • Article
      Lock icon Lack of decision on tie-up deal may hurt Sabena
      278 48 Reuter BRUSSELS Belgian national airline Sabena SA warned that the absence of a decision on a partnership deal with another airline could harm the company irreversibly. "The fruits of the efforts undertaken on the financial and social level will be lost.
      Reuter  -  278 words
    • Article
      Lock icon Onus on new Belgian govt to settle deal
      198 48 Reuter BRUSSELS A partnership deal between Belgium's national airline Sabena SA and Air France must be decided by Belgium's new government, the senior politician charged with negotiating a new coalition told reporters. Asked whether the caretaker government would decide on the Sabena-Air
      Reuter  -  198 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      192 31 IMV 5//J -#m r ill« P| .gl' 1 V, v .*aj i A ri EP a f p ,sA /1 In 1 nil J ft 111 I B■; i# -v 1 i M j mW ml 11 I I i By W MW J J VI 1! i|/ #■<, j
      192 words
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      Page 31 Advertisements Column 2
      138 31 _jT Nedlloycl FAR EAST TO EUROPE/ MEDTTERRANEAN CALL: 221 8989 SUMMARY Indian motor vehicles sales down drastically SALES of cars, light motor vehicles and even scooters, hit by high interest rates, devaluation of the rupee, rising prices of motor spirits, have declined sharply in India in recent months and some
      138 words
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      Page 32 Advertisements Column 1
      115 32 o ScalpeLscissors_sutures_ BusinessTmes Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on vour money Essential information accessible every business day 7 through Business Times. In the same way a surgeon needs his tools
      115 words
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      Page 32 Advertisements Column 2
      9 32 tor advertising enquiries, contact Shipping Umax lei 740 2089/740-2090
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1467 33 00CL <*> PTI LTD JAROIMC SHIPPING AGENCIES *****11 FAX: *****09 \llff/ m BOOKINGS TEL: *****234 *****56 TERMINAL/CFS TEL: *****218 220 iTaMMTI PESAKA JARDINE SHIPPING AGENCIES SON. BHD. L VwQf J PORT KELANG TEL: *****18 FAX: *****91 *****88 Dedicated to Quality Service SSfVf CTS TEI: MMO<I ■IiIJJI.IJI P.QUPANQ TEL: *****2/3 FAX:
      1,467 words
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      Page 33 Advertisements Column 2
      1937 33 TRANSPORT DIARY Mar 10-14: Cruise Shipping 92 Conference Exhibition, organised by Seatrade at Miami Beach Convention Centre. Miami Beach, Florida. USA. Mar 19: New International Trade Terms and Rules of Shipping Practices Seminar, organised by Elim Management Services. For details, please contact tel: 292-5670 or fax: 298-1804. COURSES Mar 2-Jul
      1,937 words
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      Page 33 Advertisements Column 3
      1261 33 BEimm NEXT SAILING TO MIDDLE EAST OCEAN BLESSING VOY 113W ETA SIN 27/2/92 Voy ETA ETO FaadaTby 1 www DESTINATIONS Johanna to Thta mik Warctw Maarak 9204 fc7~MTTff"l I WIMII II If WE— Mil lIW w— M— CY 3/3 0600 HRS Port ■■■llil |B||i|Hii||H& t CFS 2/3 2359 HRS Kaiang
      1,261 words
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  • Page 34 Advertisements
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      1329 34 R'DAM/ VOY NO S PORE JEOOAH S HAMTON H'BUBQ ANT LE HARVE ||fflBHEMPii®|l^ HAMBURG EXPRESS 07/108 27/2 7/3 21/3 17/3 16/3 IUVfB SS 04/308 1/3 18/3 20/3 23/3 24/3 KATSURAQI 10/109 5/3 14/3 28/3 24/3 23/3 10/309 8/3 25/3 27/3 30/3 31/3 1 AUWEITBOUNQ LA SEINE 23/110 12/3 21/3 4/4
      1,329 words
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      Page 34 Advertisements Column 2
      740 34 DIRECT SOUTH PACFIC SERVICE SIN NOU SUV PPT IMPERIAL 3202 EB 25/2 12/03 IS/03 20/03 PALEMBANG 3301 EB 26-27/3 7/4 10/4 14/4 Tranalt Tim* (13) (16) (22) ALSO ACCEPTMG CARGO VIA SUVA TO LAUTOKA. PAGO PAGO. APIA. NUKUALOFA. P VIA FASTEST SERVICE TO CHIE/PERU SIN VAP SAI ANF KJQ CLX
      740 words
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      Page 34 Advertisements Column 3
      1586 34 Ulfi REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SSI ALG BCL HAM ORE ROT ANT FEL UM V (*> (VIA (VIA HAM) ROT) CMNA SEA 151W 01/03 23/03 25/03 29/03 30 0 3 31/03 01 04 02/04 03/04 NORASIA AL MUNTAZAH 9201-3 01/03 01/04 03/04 04/04 05/04 06/04
      1,586 words
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      1958 35 F Wi W STRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 San ford Building Singaporeo2oB Tel: *****88 Fa*: *****17 ACCEPTS DUE MIS STRAITS STAB VOX khura. Skin, Ti* In ft 26 Feb pc<u«ik w 7fM M STMITS VENTURE V®s€ Mu», I*. KK 28-M F.b 01 Mar 02 Mar 2""®
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      2369 35 SINGAPORE AGENT: /\||f n|fip«c P»0 Containers (Singapore Agencies) Pie Ltd vlllflXliWX 9 15 Hoe Chiang Road #08-02 to 06 Santord Building, Singapore 03)8 A Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 w v CR Number **********0Z EXPORT IMPORT "Mil. VOV -PNO 'K« MM ALO SOU ANT
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      526 36 '81l CR NBA **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOY SPORE RDAM/AOM* H'BURG BREMEN VITWERP MATARAM 31WB 2S/2 2/4 6/4 10/4 IS/4 SRIWJAYA 34WU 12/4 15/5 20/5 24/5 27/5 KUTAI/25M8 26/4 29/5 3/6 7/6 H/6 FAST TRANSIT TNNE ACCEPTING BREAK BULK/CONT AINERISED CARGO lo Inducimtnt- Atoo jcctptinj cstqo to
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      1399 36 HANJIN SHIPPING FOB VSL SB LIE HAUL Lfiß OAK FOR VSL SBO IURE HAU. SAV U NYC HAMN HAMBUBC OOOE 1/3 OMECT 22/3 25/3 HANJN OCJU S7SC 2/3 N. ICWYOBK 03* 8/4 18/4 12/4 HAJUB ELIZABETH 1831 8/3 DMECT 29/3 1/4 HMUM KMANGYANG 00CE 9/3 H YOKOHAMA 038E 11/4 17/4
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      1298 36 J J-TrFT3"HT^ I MIL SCf KX MIC UC fUS IMT OS* R6T SB ITO UU CMS Ul RTC LW MR KM WitHO CM PRL If I (GRAMIMU9 24/2 2/1 VI »/3 VI 11/ l 12/1 u/3 14/1 IC/J 27/3 1/4 N/4 11/4 21/4 22/4 21/4 2«/4 8/4 S/S IS/5 11/)
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      1977 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****44/*****14 FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 ma UK/EUROPE SERVICE *****89 IMPORT CFS MB2: *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 *****53/*****50 TB 1 NEPLINE SDN BHD
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      1026 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (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—OtSCHAKONC WESTBOUND-LOADING TIANSHFfCD WA ROTTEKDAmI tttni w law i""
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      1551 38 i AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) VI V W V TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/8/9 XI I 1 WKm MALAYSIA: -K-UNEMARmME (MALAYSIA) SON BHD 1 frTT TEL: *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA LALTTINTERNUSA TEL: JKT
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      1171 38 r+\*s£ PHILI-ORICNT UN€5 PTC LTD 4^ 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 BY AIR, LAND OR SEA.... 4^ WE TAKE ON THE WORLD FOR YOU V MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTtUUA/mW ZEALAMVBOUTH PACIFIC WUqiPWCI 29 FEB SYDNEY. MELBOURNE. BRISBANE.
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      1094 39 aasaiJff pacific international lines (pte) ltd ESSSSSff tm 111 140 Cecil Street, #03-00 PIL Building. Singapore 0106. Tel: *****33 m OR NO: 10Q*****000E vuhl voy mm jkt mm w *J"L KOTA RAKVAT 081 2S/2 28/2 1/3 KOTA BURIA KBR3SB 37/3 1/> BUNQA TVRATAI 0M 1/3 3/3 t/3 KOZHiTMV ISN 38/3
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      1188 39 EacßenV F CUSS CONTAINER TRANSPORT FEEDER VESSEL PENANG P KELANG OCEAN VSI/VOY SIN SOU (1) RTM (2) HAM (3) Gofw ANSON/TBN 21/2 22/2 SELANOtA 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 23/3 25/3 ANSON/TBN 8/3 7/3 TQYAMA 2092 10/3 27/3 29/3 30/3 1/4
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      506 39 M MYANMA fA FIVE STAR UNE w (Myanmar National Liaa) Loading for Yan«on (Ranfoon) Sport P.KIf Pan P.Gdf MYOMA TWA VI4OW 1/ 5 Mar »/2Mv AVA Vll4l* 7/ 9 Mar t MP*-A* VI74N 12/19 M« PASAN VIIOW 19/11 Mar «IMEMNKUHE (A aanrtca Of Andrbw WaW SMppinfl) YT sbmi-containeb service \1
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      585 40 STRUTS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS m Ml IK u COSMC TUMI II ■PT M/ 2 SEU lACOTA 7$ l/l 27/1 22 21/2 21/2 "MM tauk nm ii i/i 1 2/1 «/3 SEW m 41 1/1 11/3 ■AM *LAT' 11 1/1 11/1 P. SOBAK 11/1
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      83 40 REGULAR roNVEWTONATsERVICES/ S pore P Kelang Loading for I ■DS PIONEER 26/2 2/3 Rdm/Afw/UK/Nantes/Sete I ETHNOS 10/3 14/3 Casabbncj/Rdm/Ftalwig/Atw/UK FURtt 15/3 lt/3 Rdm/At*/UK/Nantes I IS' pore Loading for JM MJI 2/3 Dubai/Doha/Dammam/Kuwait I PAN RISER 10/3 Oubai/Bahrain/Oammam/Kuwait I PUMA 10/3 Aden/Hodeidah/Jeddah I LIS£ 15/3 Hodeidah/Jeddah/Aqaba/Port Said I [Spore Loading BET
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      84 40 WEEKLY ML CONSOLIDATION A+ =€ingapore=lndia BOMBAY MADRAS CALCUTTA f COLOMBO KARACHI CHITTAGONG I 4788 FAX: *****83 |ggg| EUROPE/S.E.A. BREAKBULK SERVICE PmL m 81 BREMEN 7-10/2 ANTWERP 11-15/2 TO PORT KELANG, SINGAPORE, HONGKONG, KAOHSAJNG OSAKA CHBA TBN ANTWERP 20-28/2 TO PORT KELANG, SMGAPORE, KEMAMAN, KAOHSIUNG, KEELUNG TBN GDANSK 24-27/2 ANTWERP 2-25/3
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      730 41 ■/•gsgg NEDLLOrD GIVES YOU EUBOPE EXPRESS FEEDER VESSEL PM PEN OCEA* KSSEL S« LEH(3) «TM(1) HMI(2) BW FU SOU GOT KS3EL *t PJlf J"*" JKJ> 19/3* 20/3 21/3 22/3 23/3 W. Bhum/559 -B. Seroo/830 22/2 20/2 N. Asw/2022 25/2 14/3 15/3 17/3 18/3 16/3 17/3 18/3 n Rodwstw/210SS# 7/3 9/3
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      792 42 TO AUSTRALIA/NEW ZEALAND [5 I Fran |IM [SyO |U INK |p. CHAIN Bff MARTHA m 4/J 14/1 15/1 11/1 24/1 H/3 "HSriSSilir" IiTF" «7j~ 157 i 575 T575 AC Musm m 12/4 11/4 IJ/4 *7/4 J/J S/J C KMUK Ml 23/4 iTs «7i~ 14/J 14/S 1575 7TO USA/CANAOA m TS
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      845 42 PORTS TO HONGKONG, TAIWAN. MAMLA I JAPAN "TRICE WEEKLY" MALACCA STRAITS SERVICE MTBOHO WT m PEN KT |SW|l3ll«6 KAQ IB TTO TOR SMZ NOP Koi~|| VtSSa VOT |SM [Pig PtH K. 3 SM CI PAST 231 "24 2 "2C7 25J 212 3.3 53 183 10.3 1U 12.3 AM MX 73>
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      156 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD eta eta n* VOK rail KOMK PENMK M.UI MK 10/3 Lottor Male lINN HUCHU 5/3 load** (or Calcutta dolnm 1/3 nn for Male men sum* 5/3 Loadmi For Male DON4KUUO 10/3 Loaded for Fefanru MOGGES L4EITY Saded to Port SaM LoadMi tor
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      1686 42 "I* SI Is? CHINA OCEAN SHIPPING COMPANV FULL CONTAINER LINES SERVICE MAunM-s ME*TS: SMGAPORE'S GENERAL AGENTS ««*an A®" l I CHUNG CHIAO SWPPWG SON BHD COSTAR SHPPM6 PTE LTD PT GLOBAL "E™ KI TE *****91/17 FU *****12, ***** MJONESIA MARITtE P. KLMC -TE 3CHIM/I TUN* ***** J fL Sl-TE: (Kl)*l«7,
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      617 43 fit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 TSr HOT LINE *****33 (24 LINES GUARANTEED 3 TIMES SAILING WEEKLY LCL SERVICES FROM KOBE OSAKA TO SINGAPORE VESSEL NAME |VOV WO lEX KOBE |EX OSAKA I ETA SIN ACX LILAC 2A 01/03 02/03 10/03 ALLIGATOR AMERICA *****
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      1291 43 «B TEL: *****33 (12 UnM) m FAX: *****15/*****03 I CO] TEUEX: R8 ***** RIBHIP (3 Lin*a) |> ETHIOPIAN SHIPPING LINK f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivo* ETA LOADING FOR SPORE ABYOT 2JWB 30/03 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABBAY WON 2 32W8 25/04 OARESSALAAM MOMBASA
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      334 43 ©jsagifl TNSHK VSL VOY BMQAPORE MADRAS BMOAPORE VESSEL VOY SW MAA SM TIGER SPEED 192N SW 01-03/03 09-10/03 USE* SHARK 09M 27-20/02 05-07/03 13-14/03 TWER BRPGE 193N 02-03/03 00-10/03 10-17/03 VBL VOY SBIGAPORE/CALCUTTA/SEOQAPONE VESSEL VOY SW CAL SIN TWER RIVER 145CN8 27-20/02 05-00/03 15-10/03 EAGLE BREEZE 000 02-03/03 00-13/03 10-20/03
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      1751 44 S'PORE 335? 5E pTLAN AfS-7 ?SJiiS5 l) ,J 161 J 9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANQ. (03) *****, 7 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 UK/SCAN/MEP PORTS I COLOMBO/S. AFRICA PEN PK SIN PEN p K SIN 28/2 29/2 1/3 Ldn/Fh/BAn/in« Cotombo 28/2 29/2 1/3
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      1029 44 THONG SOOW LINES PTE. LTD. JmJ 77 ROBINSON ROAO #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO WEST MALAYBIA |0Y ETA DEST VESSEL VfT SPStt P. WEJM KIM SOON LI 47/92E 26 FEB PENANG EQUATOR
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      2 47 Times I
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      232 47 Af§t STAGER FREIGHT SERVICES PTE LTD Sa&J TEL: 273-3838 FAX: 274-1100 vJY PtC 03-*****60 *P£tt 04-*****2 *JKT: 21-*****1 •88V: 31-*****0 SIN LH/PAR FFURT/MANNHEIM RUN/MADRID PORTO ATHENS/PfR STUTTGART VALENCIA LISBON THESSALONKI 1/3 19/3 23/3 23/3 24/3 25/3 8/3 27 3 31/3 31/3 1/4 2/4 SIN VCR MTL/TOR SIN SYD MELB 26/2
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  • Page 47 Miscellaneous
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      Page 47 Miscellaneous Column 1
      293 47 TIDES AND WEATHER Totwrs TIDES (height in metres) HOUR *****1 M Q2M 0300 MOO 0500 0(10 0700 MM 0968 *****1M12M130# 14M15M1800 17M*****9M 20M 21M 22M 2300 15 2.1 2.5 2.7 2.7 25 2.0 16 12 09 07 07 09 1.2 1.6 1.9 2.0 2.0 1J 15 L 3 12 12
      293 words
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      1179 48 CHARTPOINT Every Saturday in Business Times A HYUNDAI MARINE CO. LTD. EABTBOUND FEEDER TO PACWC SOUTH-WEST TO PACIFIC NORTH-WEST FHDOt DOT Hg PCD BH HQ VM. WT MO UN OH SU 1M Mm WT MO TOI/» HI MM Ml tU M» am 23 02 21 02 H 3X 21/02 11/13
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      Page 48 Advertisements Column 2
      7 48 Innovation Technology in Business Times every Tuesday
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      588 48 ICHARTPOINT Every Saturday in Business Times ■9 IMPORTS FROM pat fl Japan Korea H— Taiwan Hong Kong Once a week SN JKT PKL PEN BKK MNL JOH BSB tei *****11 *****66 *****96 *****8 *****29 *****76 *****1 *****3 fax *****69 *****14 *****88 *****8 *****17 *****79 *****5 *****6 our usa SERVICE CALLS
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  • Asian Aerospace '92
    • Article, Illustration
      Lock icon Wings of fortune
      61 49 companies, Aaiaa Aerospace bat growh to feature over 1,000 compure ♦M'ljtctao put air shows here, lib tine, too, most W*ato»tt O«**aM« want lo carve out a larger shattjif the growing Asia-Pacific market for chril and military aerocpace products. And to do this, many are keen io oner
      GRAPHICS BY JENNIFER CHUA  -  61 words
    • Article, Illustration
      S'pore lifts off
      881 50 jiA Singapore Aerospace official writes that the $iture lies in globalisation Ijand honing the group's technical skills. WITH its sights fixed on achieving sust a i n e d griyth, the Singapore Aerospace group is broadening its bimness base with a view to starting a more balanced
      881 words
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      Boeing takes the highest flight path
      1096 52  -  Richard Albrecht says that the world's aircraft manufacturers have benefitted from Asia's strong economic performance. Richard Albrecht The writer is executive vice-president of Boeing Commercial Airplane Group. He is a speaker during the Financial Times conference at Asian Aerospace '92 NOWHERE in the world
      1,096 words
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      Airbus Industrie pins growth on Asia-Pac
      1373 55 Targeting the Asia-Pacific region and emphasing high technology have helped the European consortium to achieve new heights THE fortunes of leading aerospace companies depend on the dynamic Asian economies. In its most recent market forecast, Airbus Industrie predicted annual growth levels for the Asia-Pacific
      1,373 words
    • Article, Illustration
      The AMX: big punch for a small price
      913 56 On the battleground, the AMX can bring air power to bear on the enemy. On the ground, its easy maintenance gives it a high state of operational readiness. This combination is impressing many air forces THE perception of Asia as a region
      913 words
    • Article, Illustration
      The rolls-royce of aeroengines
      972 56  -  Asia-Pacific region is fuelling Rolls-Royce's growth, says Frank Turner Frank Turner The writer is director, civil engines, Rolls-Royce pic THREE major Asia-Pacific airlines form the core of RollsRoyce's growing penetration of this region's market for the new generation of high thrust engines. Rolls-Royce's Trent engine, with
      972 words
    • Article, Illustration
      Fighting Falcon on the kill
      1033 58  -  Joe K Jopling, who has worked on F-16 programmes for Singapore, Indonesia, Thailand and South Korea, explains why the F-16 Fighting Falcon will continue to fly high Joe K Jopling, The writer is corporate international vice-president, Asia-Pacific, for General Dynamics and serves as programme development
      1,033 words
    • Article, Illustration
      The gang that could shoot straight
      1234 59  -  Every enemy fighter downed in Desert Storm was outclassed by an aircraft built by McDonnell Douglas. However, Gerald A Johnston writes that the success of Desert Storm will not lead to a new growth era for the US defence industry Gerald A Johnston The
      1,234 words
    • Article
      New world order, tough old market
      789 60  -  Francois Prigent says that well-designed offset schemes and transfer of technology is a necessary feature of any defence manufacturer that hopes to win orders. Francois Prigent The writer works for Dassault's communications department THE last year was a turning point in a new world.
      789 words
    • Article, Illustration
      Future fighter of the free skies
      805 60 The YF-22 prototype has resumed flight tests. Twenty-six major subcontractors in 15 American states ana 650 suppliers in 32 states are members of a team working to produce the fighter led by prime contractors Lockheed, Boeing and General Dynamics. FLIGHT testing of the Lockheed-Boeing-General
      805 words
    • Article, Illustration
      A light at the end of the runway
      1185 61  -  Robert Hood gazes into the future and assesses the outlook for the commercial passenger aircraft sector Robert Hood The writer is president of Douglas Aircraft Company, McDonnell Douglas Corp THERE'S evidence all round that our commercial airline industry continues to react to
      1,185 words
    • Article, Illustration
      Shorts taking long strides ahead
      1383 62  -  With its impressive track record and state-of-the-art product line, this Belfast-based company feels it has a lot to offer to the Asia-Pacific, says Alec Mcßitchie Alec McRitchie The writer is public relations manager for Short Brothers pic, based in Belfast, Northern Ireland SHORT Brothers pic,
      1,383 words
    • Article, Illustration
      Asta spreading wings across world
      1003 62  -  Andre R Van Der Zwan looks back and ahead at the plans of a top Australian name Andre R Van Der Zwan The writer is the group corporate relations manager of AeroSpace Technologies of Australia Pty Ltd Australia's leading aerospace company, AeroSpace Technologies of Australia
      1,003 words
    • Article, Illustration
      Short haul to success for Saab
      1052 63  -  In a few years the Asia-Pacific is likely to overtake Europe as the world's busiest aviation region. Martin Craigs reports Martin Craigs The writer is vice-president, marketing, Asia-Pacific, of Saab Aircraft International During the 1980s, the Asia-Pacific's air transport market grew faster than in
      1,052 words
    • Article, Illustration
      Engines of growth
      885 63  -  Airlines in the Asia-Pacific region are expected to buy more than 4,000 engines worth about US$2O billion between 1990 ana 2000. William Raabe has the details William Raabe The writer is vice-president, international marketing, of Pratt A Whitney, United Technologies Corp THE Asia-Pacific region will continue to
      885 words
    • Article, Illustration
      The British have landed
      702 64  -  Arthur Reed says that the British aerospace industry is integrating with markets in the Asia-Pacific Arthur Reed The writer is the European editor of Air Transport World magazine ASIAN Aerospace has top priority in the 1992 calendar of air shows for the British aircraft industry. Seeing
      702 words
    • Article, Illustration
      A French eye on the Asian aerodollar
      1240 64 Gifas is spearheading a new thrust into Asia, aimed at increasing the French companies' share of the Asian aerospace business THE 30 companies belonging to Gifas (Groupement des Industries Francaises Aeronaut iques et Spatiales) all have Asia among their top priority strategic areas.
      1,240 words
    • Article, Illustration
      Aerospatiale is here to stay
      1018 65  -  The French company is finding niches in the region, says Francois David Francois David The writer is executive vice-president, international affairs and marketing, of Aerospatiale FOR over 30 years Aerospatiale has gained a number of secure footholds in Asia which it has every intention of
      1,018 words
    • Article, Illustration
      Cooperation essential to growth
      766 65 Deutsche Aerospace explains its strategy of joining hands with others to get a firm footing on the Asia-Pacific market SINCE its formation in May 1989, Deutsche Aerospace has taken a number of significant steps to become a major global aerospace player, and to participate in international
      766 words
  • Page 49 Advertisements
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      Page 49 Advertisements Column 1
      36 49 I filmmww Quality The World Recognises. Your satisfaction. At Singapore Aerospace we will not settle for anything less. 4 S 540 Airport Road. Paya Lebar. Singapore 1953. Tel: *****11, Telex: RS ***** SAMKG, Fax: (65) *****13/*****13
      36 words
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      Page 49 Advertisements Column 2
      195 49 CONTENTS Singapore Aerospacej broadening base THE SINGAPORE Aerospace group is broadening its business base with a view to striking a more balanced equation between its military and civilian work. P««e2: Profiting from Asian boom THE WORLD'S aircraft manufacturers have benefited from Asia's strong economic performance Page 4 Airbus sees growth
      195 words
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      179 50 if. <—» f -> *5 v.. -f »>■* J i♦ !i >■ ■J .fe "f.. Mr Sotokichi Tohda. President Toho Air Service Company. Tokya Japan. "At Toho Air Service, we think the answer is yes—provided that helicopters become cjuieter and less expensive to operate Japans unique geography and high urban
      179 words
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      249 51 AIRBUS acounts for 30% of the world civil aviation market. In a worldwide helicopter market through the EUROCOPTER company. range extending from the twin engine medium haul to the four engine 70% of AEROSPATIALE'S turnover is realised in programmes long haul aircraft, 1760 AIRBUS have already been sold throughout which
      249 words
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      180 52 You find many high-flyers in Loyang Industrial Estate llt> At Loyang Industrial Estate, you are in good company with some For more information, please call our Marketing Department's toll-free line of the world's most established aerospace companies and strategic Tel: *****15 joint-ventures. Here, you find well-known high-flying companies like General
      180 words
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      174 53 I The AMX is revolutionising the economics of fighter procurement. This unique, dedicated surface attack aircraft is purpose-designed to fulfil the operational defence needs and budget policies of maritime nations in S.E. Asia. Very flexible mission versatility over land and sea. State-of-the-art platform for current and future avionics, surveillance and
      174 words
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      398 54 CONGRATULATIONS! »>'•'*. 1 *6' 'f■A. Vi JV>, ':*>* >\, 4 '2 v; v •>■• k v v$ ■pf ••>% •j.» x, -t«r v i J jg JIF' v,. **&->■ ~4 v .vv -T> v v- >. 4 'ft* ft vF- >-,« W.w%>®Jr are* ->* .jv v:-^-vt *V>-* 4 -4 r
      398 words
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      109 55 The Sole Official Freight Forwarder ASIAN k AEROSMCF92 ASIAN v EXHinow vn TECHNOLOGY 32 MiffitJC* «ll 111 INIIUNATIONAI II I If* tx.wr.oN __&34VS-Z//Wr lttr YOUR VITAL UNK WORLDWIDE Trans-Link Exhibition Forwarding Pte Ltd 03-1421 Pair Panjang BuihSng, 15 Wwt Coaat Wghwwy, Singapoft 0611. T»l«phoot: 778 66 22 Td«c RS *****
      109 words
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      Page 55 Advertisements Column 2
      482 55 r* g X w THE STRATBOIC AND TICINOIOGICAi IDGI AsiA~PtelN£J)£Fffs££yy2 26-28 February 1992, Raffles City Convention Centre, Singapore The Gulf War has sparked off intensified interest in regional defence around the The First world. It has been a demonstration of modern warfare, where technology plays an Asia-Pacific Defence increasingly important
      482 words
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      32 57 Airbus Industrie is proud to announce the arrival in Singapore of its new long-range 4 engined airliner the A 340 on its first non-stop intercontinental flight from Toulouse, France. A AIRBUS INDUSTRIE
      32 words
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      208 58 Jt- k 1 t"? >' Power to serve the sky II ■■*<4 1 I f' tlw Ik jrer* J| ITnl Mflfittk" 7- *^M WP V* Ufl H wm/KM 111 h Ml ,><-.: MMli^Mr 9Ek& mMMHKWMBkw "T ft m IVVI BP i.,_; Jp HBHHH 1^ i /-Tvr 3 E |B r
      208 words
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      161 65 BREITLING^ 1884 OLD NAVITIMER, self-winding chronograph. r gold, steel bicolor, Leather strap or metal bracelet. for Professionals SINGAPORE C. MELCHERS k. Co (Distributor and General Agent), 39A Jalan Pemimpin, #05-00 TAL Building, Singapore 2057. Tel: *****88 Sales Service: 541 Orchard Road #21-01 Liat Towers, Singapore 0923. Tel: 732 6347 SINGAPORE:
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      146 66 Sophisticated Products for Demanding Applications. I Kb^^l *r. coordinated expertise When it comes to advanced tech- With the space station Columbus, m aircraft, defense and nology, few companies have as Europe gained more autonomy in civil systems, propulsion systems, supplemented much knowledge and experience space. Programs like the Roland by
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