The Business Times, 8 March 1988

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 TUESDAY, MARCH 8, 1988 75 CENTS
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  • 272 1 AP Dow Jones lower THE US stock market headed lower yesterday morning amid concern over the interest-rate outlook. The Dow Jones Average of 30 industrials dropped 2.65 to 2,055.21 at 1530 GMT in the first hour of trading. Losers outnumbered gainers by about 7 to 4 in
    AP  -  272 words
  • 162 1 THE SINGAPORE market closed easier yesterday as profit-taking set in. Dealers said investors had already discounted the Budget last week, and there were currently no fresh leads. The Straits Times Industrial Index closed 4.86 points lower at 915.74 while the Business Times Composite closed
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  • 173 1 FOLLOWING a day of dull trading in the Asian currency markets, the British pound pushed above three West German marks when currency trading opened in London. Dealers said the Bank of England, which had intervened actively last week to keep sterling below three marks
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  • 458 1  -  By RAMESH CHANDIRAMANI AN AMBIGUITY in one of last Friday's budget proposals may mean that investors using their Central Provident Fund savings to buy unit trust shares will be much worse off tax-wise than if they invest the money
    458 words
  • 586 1  -  By LILIAN ANG SINGAPORE'S oil refining industry takes a big technological stride forward with plans by Shell to invest nearly half a billion dollars in sophisticated upgrading facilities at its refinery. The Anglo-Dutch oil giant announced yesterday it would build a long residue
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  • 334 1  -  By LOH HUI YIN WHETHER Shell spends even more on its refinery in addition to the massive $480-million upgrading project investment it announced yesterday depends on the result of its bid to buy part of the Singapore Petrochemical Complex. Mr Dick van Hilten, chairman
    334 words
  • 563 1  -  QBE to underwrite Prudential's general policies By WILLIAM CHIA TWO OF THE LARGEST insurance groups in this region have entered into an agreement to handle their general or non-life insurance business in Singapore. Prudential Assurance of the United Kingdom has arranged with
    563 words
  • Page 1 Advertisements
    • 25 1 Nikon The World's Finest Photographic System Full report, Page 16 Regional markets, Page 18 EURO SHOE SHOP PTE LTD AT MARCO POLO HOTEL FOOTWEAR REMOVAL
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    • 344 1 Another recession for NZ? THE ECONOMIC INDICATORS are there. New Zealand is sliding into another recession, say the country's bankers and economists. They point out that unemployment is set to rise, exports remain a problem in some areas while the rural sector, the country's main source of income, has not
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    • 3 1 Leader, Page 10
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    • 110 1 Nikon The World's Finest Photographic System Shipping Times comes as a separate section today. Make sure you get your copy. US64/87 lobe perfectly franc, it§ the million dollar question. The best way to earn higher interests on your savings is via our ACU foreign currency deposits. From as little as
      110 words

  • HOME NEWS
    • 532 2  -  By BOEY KIT YIN A LOCAL engineering company has won West Asian contracts worth $3.5 million against keen competition from American and European suppliers. The contracts for Ramco to supply skylights to three contractors in West Asia seem small in value, bat mark
      532 words
    • 113 2 THE Trade Development Board's imports and exports (I E) airport office will shift to a bigger office at Cargo Agents' Building C from March 14. Two more counters will be added for processing trade permits of traders and cargo agents, bringing the total
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    • 302 2 THE FORMER general manager of a government-owned arms company, accused of accepting $2.5 million in bribes and agreeing to accept another $1.8 million, has indicated that he might plead guilty. Tan Kok Cheng faces 51 charges in all. Apart from
      302 words
    • 335 2  -  By WILLIAM CHIA STANDARD Chartered Bank, which axed 100 employees last December, is now trying to rehire some of them. This was confirmed yesterday by a bank spokesman, who added that job offers were for existing clerical positions and made
      335 words
    • 225 2 MORE PIG FARMS are to be phased out by November this year, except for some in Punggol which have up to next November to cease operations. The Ministry of National Development announced yesterday that pig farms on temporary occupation licences
      225 words
    • 269 2 LEOMQ CHUN KM has been appointed managing director of CTS Singapore, a manufacturer of electronic components. Mr Leong is an engineering graduate from the University of Singapore. He was formerly general manager of Methode Electronics Far East. YAP NENQ BOON has been named general manager of Mansfield
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    • 687 3  -  By TONG SUIT CHEE FOUR NEW HOTELS are set to open for business this year, adding another 1,178 rooms to a market that is only just recovering from a three-year slump. Three of the hotels had delayed their opening
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    • 767 3  -  By LEE HAN SHIH OFFICE RENTS in Singapore are the lowest among nine major cities and only half of those in Hongkong. A recent survey by international property consultants Jones Lang Wootton shows that the average gross monthly rent for
      767 words
  • Page 2 Advertisements
    • 59 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day Korean Air is flying the world to Seoul. And Seoul to the world. Our modern fleet includes the very latest A3OO-600s, the advanced B747SUDs and soon, the new MD-lls and 8747-400s. For more details, call your travel agent or Korean
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  • Page 3 Advertisements
    • 142 3 An era of growth. NEC is helping open new horizons in business growth all across Asia. With increasingly powerful networks of business and personal computers that allow offices to operate more efficiently. And integrated voice, data and image communications that help people work more closely together. In Asia and all
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  • Page 4 Advertisements
    • 128 4 Keep your lipd sealed! ♦Shiny as a new pin since full refurbishment, The Club tempts cocktail lovers between 5.30 and 9.00 pm, to partake of their favourite tipple. Be it Mai Tai or your shout, it will slip down a treat in an atmosphere of relaxed sophistication. Being a somewhat
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  • ASIA – PACIFIC
    • 204 5 Bernama ES SOUTH KOREA'S exports of non-textile light industry products manufactured mainly by small businesses have been lagging increasingly behind those of Taiwan. a trade rival whose exports are led by small businesses. A report by the Korea Foreign Trade Association said yesterday
      Bernama ES  -  204 words
    • 337 5 AFP JAPAN overtook West Germany to become the world's largest holder of currency reserves last year, the International Monetary Fund reported on Sunday. Japan gained an equivalent of US$32 billion for a total of US$Bl.l billion, while West Germany
      AFP  -  337 words
    • 355 5 NYT STARTING more than a decade ago, Japan achieved a level of innovation greater than that of the US, according to conclusions based on an experimental technique for analysing the quality of patents. The technique, which is being used by US Federal and
      NYT  -  355 words
    • 434 5 Reuter AUSTRALIA'S net foreign debt could be stabilised at 34.4 per cent of gross domestic product by fiscal 1991/92 ending June 30 by modifying current economic policies The Economic Planning Advisory Council (EPAC), a tripartite body that comprises government, business and trade union
      Reuter  -  434 words
    • 204 5 Reuter INFLATION, unemployment and unrest are inevitable in the early stages of China s reforms, the official People's Daily said yesterday in a scathing attack on the country's political system. An article in the Beijing newspaper by two researchers of the Institute of Marxism-Leninism-Mao Tsetung Thought,
      Reuter  -  204 words
    • 240 5 Bernama A TOP-LEVEL Philippine mission wilt leave for Japan soon to negotiate with the Japanese government and real estate firms the possible sale of four Philippine govern-ment-owned lots valued at about US$6OO million. David Sycip, chief executive trustee of the Asset Privatisation Trust (APT),
      Bernama  -  240 words
    • 295 5 NYT PRIVATE SECURITY AGENCIES, which provide guards, security systems and investigators for industrial and individual use, have become big business in India because of growing wealth, greater business competition and the fear of terrorism in the Punjab. In the 1970s there were barely
      NYT  -  295 words
  • Page 5 Advertisements
    • 102 5 \N In it youVe a in.ijor |>ro|>os.il In nuke 4-X "msßsfc z v Miw> v mwssg* V H This is no time for muddled thinking. In fact, moments like this make delicate business negotiations seem a bit of a doddle. So, to put yourself in the best possible light, The
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  • Page 5 Miscellaneous
    • 110 5 \sml VS/'S. Singapore OUTLOOK: Showers are expected over Htrtril areas In Mm afternoon Report for 24 hours prior to 7.30pm on Mar 7 at Ihs airport: Moscow Nassou Now Delhi Now York Nicosia Oslo Paris Forth Rio 'Janeiro Rome Son Fris'co Son Juan Sontiogo Sao Paulo Seoul Stockholm Sydney Taipei
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  • REST OF THE WORLD
    • 399 6 Presidential commission plans to make recommendations NYT A UNITED STATES presidential commission plans to recommend that a wide variety of government activities, including air traffic control and many postal services, be turned over to private business. It will also propose that the government act
      NYT  -  399 words
    • 120 6 AFP THE GROWTH of the US economy slowed in February although export orders were higher that month, the National Association of Purchasing Management said in a report released yesterday. The association s economic growth index fell to 54.9 per cent in February from January s 57.4
      AFP  -  120 words
    • 132 6 Reuter FRENCH Prime Minister Jacques Chirac on Sunday ruled out a new era of power sharing between a socialist president and a conservative government. The rightist leader's comments put an end to a controversy in the ranks of France's rightist camp over what
      Reuter  -  132 words
    • 494 6 Reuter AUSTRIA'S left-right coalition government has reached a last minute agreement on a major tax reform after a row over interest withholding tax on savings deposits threatened to bring down the government. Chancellor Franz Vranitzky said on Sunday the coalition partners had agreed
      Reuter  -  494 words
    • 225 6 Reuter A GRANDSON of the man who helped discover the tomb of Tutankhamen has unearthed a hoard of Egyptian artefacts hidden in the family's home for more than 60 years, The Times of London reported yesterday. The tomb of Egyptian King Tutankhamen,
      Reuter  -  225 words
    • 355 6 NYT THE TRADE association for American paper companies predicts that the industry is headed for another record year as a result of increased demand and the dollar's weakness against major currencies, which has stimulated exports. The American Paper Institute. in a
      NYT  -  355 words
    • 223 6 NYT PRESIDENT REAGAN has announced his intention to nominate Donna Frame Tuttle as deputy Secretary ot Commerce, succeeding Clarence J Brown in the department s second-high-est post. Mrs Tuttle, the UnderSecretary of Commerce for Travel and Tourism, has good connections at the
      NYT  -  223 words
    • 521 6 Reuter MANAGUA'S best-known market, a noisy labyrinth of garbage-strewn streets, is the battlefield in an increasingly bitter dispute between the left-wing government and packs of angry merchants. The mangy dogs, drunks and fly-infested stalls attended by bulky, foul-mouthed women in aprons are everything one
      Reuter  -  521 words
    • 998 6 ARRIVALS Operator Sorvlc* nwnbtr Local time From SIA SQ11 0115 LAX/NTT CAL CI 341 0155 TPC NCA KZ205 0240 NRT JAL JL617 0305 TYO FT FT75 0315 JFK/DFW/UH/ ORD/ANC/NRT/ AANL/TPE CAL 0333 0405 TPC AC AC584 0740 YYZ/YHZ/ su 8RU/DXB SQ491 0810 BWN AAAS MH681 0820 KUl
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  • Page 6 Advertisements
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    • 184 6 B JI 1# 1/ 'IV The business person's choice, every I I II 111 I Tuesday, Thursdoy, Saturday and I 1 W1 f I \l II I Sunday. Leaving Changi Airport at _1_ V_>/_L 1 _1_ V..X 22:05 hours and arriving at Lester B. Pearson International Airport the following day.
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  • Page 6 Miscellaneous
    • 85 6 Doonesbury TUB OUTS/VSR'S RHETORIC. WAS UKB A FRESH PRAIRIE BRBZ2B. ITS TIME TO STOP BLAMING ourselves! rrs time to START BLAMING y OUR Allies! FOREIGNERS, ACTING IN CONCERT WITH m BUSINESS AND ~WS POLITICAL ESTABLISHMENT, X HAVB TAKEN AWAY THE FUTURE! I SAX rTS TIME TO TAKB ym n BACK!
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  • COMMODITIES
    • 385 7 Reuter HONGKONG: GOLD yesterday closed firmer in fairly active trading mainly on local buying support despite sporadic overseas sales, dealers said. They said sentiment remained cautiously optimistic following Friday's strong recovery on renewed inflationary concern prompted by the stronger-than-expec-ted US jobs data. The metal ended at U*****.00/50 an
      Reuter  -  385 words
    • 272 7 Reuter SINGAPORE THE MARKET yesterday closed slightly easier with April 1 RSS buyers quoted at 219.50 cents/kilo, down half a cent from Friday's close. Dealers said prices were marked up slightly at the outset following firmer Tokyo advices and some buying of forward positions and later moved within narrow
      Reuter  -  272 words
    • 93 7 Prices slid in a nervous market. Players were waiting for fresh news on discounts out of the Arab Gulf. Closing prices for crude (FOB origin) USS/barrol Otong* Top* (Mar) 16.70 -0.20 Mincn (Mar) 17.20 undi Dubai (April) 13-50 -0.03 W« Tasat WTI (Aprir' 1242 +Q.17 Nn York
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    • 229 7 RAS prices In S c«nts/kg, FOB in bate NOON CLOSE Buyors Sollorc Buyors Sellers bit 1 RSS Prompt 222.25 223.25N 221.00 222.00N bit 1 RSS Apr 88 220.50 221.00 219.50 220.00 bit 1 RSS May 88 222.00 222.50 221.00 221.50 Int 2 RSS OP 218.00 220.00N 217.00
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    • 77 7 (cants/kg) APRIL 1988 MAY 1988 (currant month) (forward month) RAS NOON NOON Buy*ra S«4l*rs SSR 20 217 JO 219.50N 217.50 219.50N SS* 50 216.00 218.00N 216.00 218.00N MRELB Buy art S*H*ri ■wy*n Sailers SMR cv 295.00 297.00N 296.00 298.00N SMR I 295.00 297.00N 296.00 298.00N SMR 5
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    • 198 7 Chinese Produce Exchange Sollon' noon doting pi rfcM on Mar 7 (S$/100 kg) Coconut oil Bulk FOB 108.00 OW drum FOB 118.00 Now drum FOB 122.00 Copra MJxod (Ioom) 61 soMors Pepper Munlok FOB NIW 1092.50 Sarawak wMto FOB foq NIW 1077.50 Sarawak tpodol block FOB NIW 802-50
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    • 214 7 Malaysian crude palm oil futures closed slightly steadier yesterday on moderately active trading. Traders said the better prices were due to shortcovering support and lack of fresh selling. March was unchanged at MsBBB per tonne while April added $5 to $890. May was $7 higher at $883. Turnover
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    • 110 7 Reuter THE KUALA LUMPUR tin martet price yesterday ended two cents higher from Friday at M 517.42 a kg on increaeed trading, dealers said. Last week's lower levels aMradsd rsnowod European and Japanese buying Interest which was aided by sterling's steadiness agalnet the rfng-
      Reuter  -  110 words
    • 491 7 Bernama ES THE UNITED STATES government has axed funding for the International Natural Rubber Agreement (Inra) in its efforts to cut the budget deficit and the move is likely to destabilise world natural rubber prices. The move, described as "unexpected" by a senior US
      Bernama ES  -  491 words
  • Page 7 Advertisements
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  • FOCUS
    • 624 8 Assessment of Malaysia's Industrial Master Plan: ELECTRONICS Malaysian Trade and Industry Minister Oatin Paduka Rafidah Aziz released the first annual report on the country's Industrial Master Plan on Saturday. The manufacturing sector performed well, growing by 12 per cent last year. FOCUS examines the
      Bernama ES  -  624 words
    • 315 8 CHEMICALS Bernama ES THE MALAYSIAN oleochemical industry has been identified as a major growth area which could take advantage of the abundant supply of raw materials, palm oil and palm kernel in the country. The IMP report said the industry also had the potential
      Bernama ES  -  315 words
    • 217 8 FOOD PROCESSING Bernama ES BOOSTING Malaysia's exports of food products through the use of agricultural land and removal of both tariff and non-tariff trade barriers would be the priority of the taak force on food proceeeing. Another step to this end would be to eetablieh
      Bernama ES  -  217 words
    • 240 8 ROAD TRANSPORT EQUIPMENT Bernama ES THE MALAYSIAN road transport equipment industry. traditionally a domestic market-oriented activity, has to look towards the export market in order to use its excess capacity and to achieve economies of scale for vehicle assembly and car component manufacturing. The IMP said
      Bernama ES  -  240 words
    • 230 8 IRON AND STEEL Bernama ES THE OUTPUT of Malaysia's iron and steel sector in 1986 amounted to M 51,305 million, exceeding the IMP target of M$ 1,028 million by about 27 per cent The high level of domestic production was attributed to the production of
      Bernama ES  -  230 words
  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 346 9 Hardly a day goes by when a fluctuation in foreign exchange rates doesn't have most company treasurers reaching for the panic button. Whatever happens out there, the chances are that one or more of the currencies your company does business in will be affected. nrr ifi [i With the minimum
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  • PERSPECTIVE
    • 545 10 ONE MEMBER of Parliament described it as the least exciting Budget of his seven years in the House. The package that Finance Minister Richard Hu presented last Friday was predictable: Little to worry most individuals, the expected dose of medicine for some, and a fine-tuning or
      545 words
    • 1474 10  -  New Zealand is sliding into another recession, some of the country's economists say. In the coming months, unemployment is set to rise as companies wind up their operations; exports remain a problem in some areas and the main source of income, the rural
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    • 892 11  -  Fresh from a big victory in Saturday's hotly-contested Republican primary in South Carolina, Vice-President George Bush is heavily tipped to win nearly all of the 17 states that are holding Republican votes today. Who are his key rivals and what are
      Reuter  -  892 words
    • REGIONAL VIEWPOINTS
      • 97 11 INDONESIA "THIS YEAR'S search for a vice-presidential candidate has involved a wider and more intense political participation, although not always transparent... The central question is whether it is indeed President Suharto's plan to elevate the office of the vice-president to carry most of the daily decision
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      • 114 11 "THE DETERMINATION to safeguard and guarantee, once and for all. the nation's unity and the state's integrity without 'removing the diversity amongst us', as President Suharto put it is the strong motivational force behind the political drive to establish Pancasila as the sole basic principle in our societal
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      • 99 11 HONGKONG "THIS BUDGET is a balance of caution and stimulation that takes into account the inevitable slowing of the overheated local economy. The government, by perhaps once again deliberately underestimating the economic potential of Hongkong, is intent on appearing wise and resourceful... But what has clearly peeved private
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      • 115 11 "...ONE PIECE of budget news which may not have drawn appropriate attention is the fact the administration intends expanding the 183,000-strong civil service by 4 per cent next year to about 190.000 people This is 1.5 per cent higher than the norm and stands on its nead
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      • 129 11 "THE SITUATION in Hongkong Is vastly different today than it was seven years ago when the current (defence) pact was signed. Since then, the future of Hongkong has been ascertained by the Joint Declaration initialled in 1984 To reflect the changing circumstances, the British must accept
        129 words
      • 170 11 FIJI "Once upon a time. Balinese maidens went topless. No longer: religion has seen to that. But while Bali today may be that much less innocent in consciousness of sin, Indonesia's closest approximation to paradise is still many fig leaves behind Fiji. In the wake of last September's
        170 words
      • 95 11 MALAYSIA "BURMA'S trade with Malaysia between the years 1984 and 1986 amounted to only 0.2 per cent of Malaysia's total foreign trade. This paltry figure is rich with possibilities for growth Malaysia, for example, would like to export more palm oil and palm kernel and other
        95 words
      • 95 11 "ACCORDING to the latest analytical report of University Sains Malaysia's Drug Research Centre on dadah (drug) dependence in Malaysia. slightly less than 10 per cent (9.9 per cent) of the addicts identified in 1985 and 1986 are under 20 years of age About two thirds (61.5
        95 words
      • 136 11 THAILAND "THE STOCK EXCHANGE of Thailand (SET) has succeeded in gaining the confidence of investors but has not yet been able to attract enough listed companies to use those investment funds for the benefit of the nation. The SET hopes to list 20 to 25 new companies
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  • Page 10 Advertisements
    • 164 10 Technology in BT every Friday m übertu* (Srill 4.-.V -,/T. fc*X*S. V#' v *> I W l I < •-> $M* .-VJJT. Jl ->• W j ■v%i\ r tmm f*t rj*ti 'h tW> 4 f 3aS •..'•sSV i «w -r \jr V s ■s Choice, Tender Roast Baby Lamb. At
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  • Page 10 Miscellaneous
    • 721 10 CRYPTIC PUZZLE ACROSS 3 They're toothy (5) 8 Fear of a god, I see (5) 10 The very formal outfit I had (5) 11 The debt-collector's a bit of a dunce (3) 12 An occupational demonstration (3-2) 13 Donation to a worker away from home? (4-3) 15 One city's vessels
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  • Page 11 Advertisements
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  • Page 11 Miscellaneous
    • 1209 11 James Mason (left) stars in Child' 9 Play TUESDAY PREMIERE Child's Play *10.35pm, Channel 5 A plague of senseless violence turns a boarding school for boys into a dangerous playground. Into this scenario steps a young gymnastics teacher, who immediately finds himself caught in the conflict between two of the
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  • SPORTS & LEISURE
    • 279 12 AFP TONY "TNT" TUBBS arrived in Tokyo on Sunday in preparation for his bout against undisputed world heavyweight champion Mike Tyson at the Tokyo Dome on March 21. "Mike Tyson is a good champion and very, very strong but I'm a good boxer. I'll
      AFP  -  279 words
    • 292 12 UPI TO DON KING, glasnost is spelled m-o-n-e-y. King, boxing's most famous promoter, flew to the Soviet Union on March 2 to meet top ministers about a number of business ventures. King hoped to talk to Kremlin leader Mikhail Gorbachev, who is responsible for
      UPI  -  292 words
    • 151 12 AP IRAN BARKLEY got up from a fourth-round knockdown to knock down Mike Olajide Jr and stop him in the fifth round of a scheduled 10-round middleweight fight in New York on Sunday. "Did I get knocked down? Somebody answer me," Barkley said after
      AP  -  151 words
    • 336 13 AP MARTIN MONDRAGON of Mexico broke away in the last kilometre to win the third annual Los Angeles Marathon on Sunday in a record-shattering time of two hours, 10 minutes and 19 seconds. Mondragon, competing as part of Mexico's Olympic trials, had set
      AP  -  336 words
    • 448 13  -  Players battle for places in Singapore Open By WALTON MORAIS THEY CALL the Monday morning qualifying round on the Aaian Golf Circuit the Monday morning lottery. Yesterday, at the Tanah Merah Country Club, 10 golfers faced a lottery on top of the lottery
      448 words
    • 323 13 Reuter A RECORD multi-million-dollar scramble gets under way on Thursday in the warm and relaxing surroundings of the island of Majorca in the Mediterranean Sea. At stake on the Professional Golfers' Association (PGA) European tour over the next eight months is £10 million. That
      Reuter  -  323 words
    • 326 13 Reuter BORIS BECKER of West Germany captured his first title in over eight months on Sunday with a 7-5, 6-4, 2-6, 6-4 win over Emilio Sanchez of Spain in the final of the U*****,500 Champions Cup tennis tournament in Indian Wells, California. Becker, the defending champion,
      Reuter  -  326 words
    • 398 13 UPI THE YACHT that New Zealand will pit against San Diego's catamaran for the America's Cup was given a pictorial debut to an American audience on Saturday at the same time that it was being unveiled in Auckland. The New Zealand
      UPI  -  398 words
    • 109 13 AP STRONG WINDS prevented any racing yesterday in the international women's 470 class yacht competition, organisers said in Yokosuka. Japan. They said three races would be held today on Sagami Bay off Yokosuka, 45 km south-west of Tokyo. After Sunday's races, the defending
      AP  -  109 words
    • 164 13 UPI ALYSHEBA avenged a loss to fellow Kentucky Derby winner Ferdinand on Sunday, racing to a half-length victory in the 51st running of the US$l million Santa Anita Handicap in California. Ferdinand, the 1987 Horse of the Year, had scored a nose victory in their
      UPI  -  164 words
    • 339 13 AP BYRON SCOTT scored 28 points to lead the Los Angeles Lakers in scoring for the fourth consecutive game as his team I snapped Dallas's 11-game winning streak on Sunday with a 106-97 victory over the Maver- icks in Dallas. James Worthy scored 23,
      AP  -  339 words
  • Page 12 Advertisements
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    • 223 12 Vuking invasion! A buffet to satisfy even the most ravenous Viking warriors! The smorgasbord spread tempts with Matjis herring, smoked salmon, liver pate, gravlax, Pitt I Panna and other exotic-sounding delicacies. Plus 20 desserts to follow! Over 60 Scandinavian delights to sample. Adult $31' Child $15* Akvavit and Carlsbeig beer
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  • Page 13 Advertisements
    • 380 13 and entertain 4 ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. PALM For between $26++ and $40+ I y° u can se ect f rom our appetiser UKILL buffet including seafood, smoked salmon and oysters. Choose from many
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  • Page 13 Miscellaneous

  • MONEY AND EXCHANGES
    • 1122 14 Reuter SINGAPORE: THE US dollar yesterday closed mixed against major currencies after fluctuating within a very narrow range in quiet and featureless trading. Dealers said most operators kept mainly to the sidelines due to an absence of fresh factors and uncertainty over the US unit's near-term direction. The
      Reuter  -  1,122 words
    • 68 14 THE OVERNIGHT rate on the Singapore interbank market rose 1/2 point to end at 3-5/8 per cent yesterday. One- and two-month term rates rose 1/16 while three months remained unchanged. S$ Interbank rates at 12 noon yester day: OffH OwMO night 3 5/8 3 1/2 1 -month 3
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    • 187 14 Indicates the average of the prime tending rate* of 12 major banks in S'pore Interbank market rates (offer/bid) on March 7 1 us$ DM SWFC Ywi 7 day* 3/4 5/1 a 9/16— 7/16 3 7/16 3/16 i 3/i i f 3 7/t 3/4 1 M#l 6 3/4
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    • 323 14 Asian market ASIAN OOLLAR deposit rates yesterday closed steady at firmer opening levels, in moderate trading. Dealers said the market was awaiting yesterday's release of US January consumer credit data. Term rates firmed 1/16 to 1/8 point at the outset mainly on news that US February non-farm payrolls rose by
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    • 1720 14 CURRENCY FUTURES OPTIONS Monday, Mordi 7 1988 DEUTSCHE MARK (8IMEX) Apr M csto Apr M pub High Law SoM High Lm *oS 54 CAI 55 56 3 57 58 190* 1*5 23A 21 59 115* 119 49A 45 60 609 64 94A 90 61 31* 33 155 155 155
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  • Page 14 Advertisements

  • BANKING AND FINANCE
    • 372 15 Reuter PANAMA, its banks closed by a cut-off of US cash and threatened with a trade embargo, begins a week that could make or break its banking industry, according to business leaders in the city yesterday. Most bankers expected banks to be closed yesterday after
      Reuter  -  372 words
    • 598 15 NYT SEVEN MONTHS after Congress approved a US$lO.B billion rescue of the US savings and loan insurance system, the industry, regulators and financial experts are formulating contingency plans for a second bailout, which many predict will come out of taxpayer dollars. As
      NYT  -  598 words
    • 162 15 AFP THE BANK OF CHINA, together with its Tai Fung Bank unit, will be opening a special line of credit worth 160 million patacas (US$2O million) for Zhuhai, the Chinese special economic zone that borders on the Portugueserun enclave of Macau, a Bank
      AFP  -  162 words
    • 89 15 Reuter CITICORP has filed with the US Securities and Exchange Commission a proposed shelf offering of up to US$l billion of notes and warrants to purchase notes, on terms to be determined at time of sale. Underwriters for the proposed offering, if any. were not
      Reuter  -  89 words
    • 60 15 Reuter LUCKY-GOLDSTAR International America Inc has secured a US$45-mill ion commercial paper guarantee facility, arranger DKB Asia Ltd said The facility, jointly arranged by DKB and Merrill Lynch Capital Markets, was originally planned for USS3O million but was oversubscribed by three times It will be used
      Reuter  -  60 words
    • 275 15 Reuter IMM foreign currency futures on Friday closed mostly higher in thin trading. Scattered retail buying underpinned the market at the close, but light dealer selling prevented prices from returning to session highs, traders said. News the US Congressional Budget Office revised its estimate for the 1988 US budget
      Reuter  -  275 words
    • 82 15 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ*****F 2.6.88 2.92 2.87 6 months BY*****S 30.6.88 2.94 2.89 2.92 2.92 1 year BY*****T 24.11.88 3.03 2.98 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate BID
      82 words
    • 388 15 AFP THE HONGKONG Association of Banks yesterday said it planned to seek a court ruling on the legality of its proposal to impose punitive charges on large Hongkong dollar deposits. The Hongkong Law Society had warned that the threatened charges, aimed at
      AFP  -  388 words
    • 443 15  -  By LEONG WEN WAH SWEDEN'S second largest bank, PKbanken, is conducting feasibility studies on establishing an offshore branch in Singapore. Mr Erik O Traff, the acting head of the international division of PKbanken, told reporters yesterday the bank may upgrade its
      443 words
    • 854 15 NYT ALTHOUGH many bankers are blaming the Morgan Guaranty Trust Co and the US Treasury for bungling a novel plan to cut Mexico's foreign debt, even most critics agree that the move was a bold attempt to help solve the Third World
      NYT  -  854 words
    • 475 15 JUNE Eurodollar yesterday opened 19 ticks lower than Friday s close at 92.85 on the larger than expected increase in US non-farm payroll of 531,000 which implied a stronger than expected first quarter economic growth in US. Prices were depressed for the session with short-cov-ering activities checking further losses
      475 words
  • Page 15 Advertisements
    • 178 15 March 1988 VENTURE INVESTMENT (SINGAPORE) II LTD (Incorporated in the Republic of Singapore) Invitation in respect of up to 350 Units consisting of 35,000 ordinary shares of SSI.OO each at SSI.OO per share and 315,000 redeemable preference shares of SSI.OO each at Sslll per share. The issue price of each
      178 words

  • STOCK EXCHANGES OF SINGAPORE
    • 4330 16 AFTER TWO DAYS of surges, the market closed easier as profit-takers dominated the trading floor yesterday. Singapore-based blue chips and quality stocks bore the brunt of the selling, with some posting double-digit falls. Dealers felt that the market had already discounted the
      4,330 words
    • 243 16 Rises SINGAPORF Indices Man* 4 FAN P*Hb flan !■>€! O U Sacur hrtin^. Malro HW, Mm MmoI k» bw 50« S 1 A Span Lax SPH 0 s M R'»w»r out C C M Ming Caw Acuta IS 43* 310 138 432 733 l» 603 365 Spor.
      243 words
    • 3246 16 BID and offer prices officially Usted and business in and reported to the Stock Exchange of Singapore yesterday with the number of share* traded shown In brackets In lots of 1,000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "SETT'.
      3,246 words
    • 202 16 KUALA LUMPUR KEPONG Berhad: 15th AGM at Wiama Taiko, 1 Jalan S.P. Seenivasagam, ***** Ipoh, PeraK, on Saturday. Mar 12. at 12.30pm. VAN DER HORST Limited: 14th AGM at 11 Pandan Crescent, Singapore 0512 on Mar 15 at 10am. AVIMO SINGAPORE UmHedr 14th AGM at Leo Room, marina
      202 words
    • 262 16 Manogers' prlccs for March 8 Singapore Unit Trust Th* CotMMTC* 092 096 Th* Sovingt fund 07? 0A5* S'por* Pro® Fund 037 041 S'por* S*c fund 0 42 067 S'por* lnv*$t fund 066 071 S'por* Equity fund 044 046 Asia Unit Trust Mol lnv*st fund 127 137 Mo( Prog
      262 words

  • COMPANY NEWS
    • 600 17 mm™ By HOCK LOCK SIEW THE QUALITIES that make a good manager are unlikely to make a good entrepreneur, and vice versa. This is a fact of life most readily illustrated by the plight of Steve Jobs, who built
      By HOCK LOCK SIEW  -  600 words
    • 537 17  -  By CORRINA LIM PROPERTY COMPANY DBS Land, which made its stock market debut in the midst of the October crash, has turned in bet-ter-than-forecaat profit after tax of $7.93 million for last year. The board has recommended a first and final dividend of
      537 words
    • 508 17  -  Two crucial hurdles expected to be tested today By ELAINE KOH NEW ZEALAND brewer Lion Corporation cleared one more hurdle yesterday when it received the go-ahead from the Commerce Commission for its merger with retail giant L D Nathan. Two crucial hurdles
      508 words
    • 479 17  -  By AMY BALAN IN LINE with its diversification plan, Trans-Island Bus Services (Tibs) is taking a 20 per cent stake in a leasing company for $600,000 cash. In an announcement yesterday, Tibs directors say they have entered into an agreement with Jevona
      479 words
    • 107 17 MBT PROPERTY-BASED Mount Pleasure Holdings is to diversify into the supermarket business. Its wholly-owned subsidiary, Mount Pleasure Agriculture, has been renamed Choice-Mart and will operate a supermarket in Plaza Yowchuan, Kuala Lumpur, in the space previously occupied by Cold Storage's Jaya Supermarket. Industry sources say
      MBT  -  107 words
    • 132 17 Bernama ES MULTI-PURPOSE Holdings Bhd (MPHB) has instructed its solicitors to take appropriate steps to safeguard the company's position including an application to set aside a court judgment of Ms 64 million filed by Akitek Antara Sdn Bhd (AAS). MPHB said in a statement
      Bernama ES  -  132 words
    • 372 17 MBT UNITED PLANTATIONS has reported a drop in group earnings for the year ended Dec 31, 1987, due mainly to losses incurred by its Unitata refinery. According to its unaudited results released yesterday, group pre-tax profit came to M 55.15 million, compared with M 59.84
      MBT  -  372 words
    • 518 17 Current payment Ex date Books doee i! Total tor the year Total tor last year A IN 1354% NYA NYA NYA 27% 27% AMDS i%«w Feb 2 Feb 16 Mor 17 1% 12%lol Austral Amal I0%l Mar 18 Apr 1 Apr 21 10% '5% Avlmo 20%TE Feb 25
      518 words
    • COMPANY BRIEFS
      • 50 17 DUNLOP ESTATES Bhd will close its books from June 10 to 13, 1988 to determine shareholders' entitlement to a proposed first and final dividend of 5%. The dividend is subject to shareholders' approval at the company's annual general meeting to be held on May 23, 1988
        50 words
      • 24 17 DBS BANK has requested a suspension in trading of its shares today pending release of its 1987 financial results.
        24 words
    • 14 17 Company BONUS ISSUE Ajinomoto On«-for-ftv« Ex-dote Mor 3 Boola dote Mjr 17
      14 words
    • 324 17 Company RIGHTS ISSUE A M D B One-for-four $050 per store C 1 Holdings 27 Million loon stocks m tto ratio of (3 loon Stock for every five ordinary stores told Duto Cons One tor-one $1 10 per store F A C B One for one $060 per
      324 words
    • 538 17 LAST FULL YEAR Company Period Data Year Net EPS Oram Net announced ending (cents) dh profit lost year ($•000) Minebeo Interim Jul 21 Sep 87 169 23.0 2.907(g) Tofcyu land Interim Aug 22 Sep 87 3.0 9771 (dl Duta Com Final Aug 28 Dec 86 ***** Fed Cable*
      538 words
  • Page 17 Advertisements
    • 89 17 INVEST-A-MATI A NfcWSfcßVlCfc FROM Vital information for Fundamental and Technical Analysis is now instantly at your disposal with Invest-A-Matic Dividend Yields. Market Capitalisation. P E Ratios and much more are available' Charts of SES/KLSE stocks can now be plotted as well as leading world indicators such as Hang Seng, FTII,
      89 words

  • REGIONAL MARKETS
    • 338 18 Privatisation plan involves no sale of assets Reuter GEORGE HERSCU, the executive chairman of Australian property group Hooker Corp Ltd. says his family company, GSH Corp Pty Ltd. will launch a As 2 30-a-share takeover bid aimed at taking Hooker Corp private. Companies
      Reuter  -  338 words
    • 170 18 UPI ISUZU MOTORS Ltd, Japan s top commercial vehicle manufacturer, says it will purchase 30,000 engines annually from its US affiliate General Motors Corp to power its pickup and multi-pur-pose four-wheel-drive vehicles. The Tokyo-based company said yesterday that 10,000 units will be imported
      UPI  -  170 words
    • 2946 18 A LACK of buying interest saw share prices retreat to lower levels on the Kuala Lumpur stock market yesterday. Trading was quiet and losses were mostly marginal. Brokers said the performance of the market was a disappointment. Many had expected the announcement of interim
      2,946 words
    • 119 18 Reuter BRITISH PETROLEUM Co PLC and five international oil and trading firms have formed a group to ask China to open its northwest Xinjiang region for oil exploration, a Nippon Oil Co Ltd spokesman said. He said the group will invest a total of
      Reuter  -  119 words
    • 1506 18 Hongkong PRICES on the Hongkong market closed narrowly mixed yesterday as a round of late profit-taking eroded the morning's gains. The Hang Seng Index ended 1.96 points lower at 2,470.40, after climbing more than 20 points in the morning, but the Hong Kong Index added 0.18 points
      1,506 words
    • 132 18 MAR 97 WON Chail Sugar Daalim Irtd Daewoo Corp Daewoo Maavy Daiahin Sacuritiaa Dong Ah Phar Dong Strfi Slock Dongbu Steal GokJ Star Ha ml Bank Haml Cement Hankuk Glaaa Hanyang Chemical Hyundai Conat ***** ***** laaoo ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** 30C
      132 words
    • 437 18 Reuter SHARE PRICES on the Tokyo market closed mixed yesterday due to profit-taking on recent gains tempered by interest in blue chip and hightech issues. "The index is back at pre-crash levels and a lot of Tokkin (special money trusts) close their books around the 20th," said Toranobu Sugai,
      Reuter  -  437 words
    • 424 18 Reuter THE AUSTRALIAN share market closed sharply higher yesterday as sentiment was boosted by strong gains in international gold prices and offshore interest. Brokers said most traders had adopted a bullish outlook for the short term, and expected the All Ordinaries to push through the 1,500 point barrier within
      Reuter  -  424 words
    • 131 18 MAN 07 1 IAMT Poat Pjbo®hir>g 282 -20 Saha Union 416 uncfi Slam Camant 1766 unc*> Ao Kham Thai 209 unch Siam City Ayudtiya Invaatmant 422 8 ■M Bangkok Aground 100 4 Camant Slam Commarcial 1536 -32 636 96 Charoong Thai Wlr« Slngar Thailand 535 26 501 Sinpinyo Fund
      131 words
    • 286 18 MAM 97 WT All Slncara Irtdu* Asia Camant Camay Con* Chang Hwa Bank Chang Loong CNa Main Camant Chin Ham Flour China Cham China Da* China Elact Wlra China QuH Plat China Rabar China Staal Chung Hwa Pulp Chung ShJng Tax Far Eaat Oafrt Far East Tax Firat Bank
      286 words
    • 83 18 MAN «7 pesos Aco|« Mining Anglo Phil 0 025 0 006 Apai Mining B 0 034 0 001 Altai Con B 29 3 Baguio QoM Baatc Patrotaum 0 017 unch Bangual Con B 86 unch First Phil HHtga Laparrto B 046 uncf> Marcoooar Onantal B 0 04 -0 002
      83 words
  • Page 18 Advertisements
    • 129 18 i illbi manage. BT shows you how every Monday k vScalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to he kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to
      129 words

  • INTERNATIONAL COMPANY NEWS
    • 739 19 Reuter STOCK MARKETS around the globe have been making their best rally since the crash of 'Black Monday' Oct 19 but investors remain skittish and apt to shy, sell and take their profits at any whiff of bad news. As the
      Reuter  -  739 words
    • 532 19 NYT JOHN A MULHEREN JR. once one of Wall Street's leading arbitrage specialists, threatened to kill Ivan F Boesky and another witness in an investigation after an employee from Mulheren's firm waa subpoenaed by a grand jury, a federal prosecutor asserted last Friday.
      NYT  -  532 words
    • 1253 19  -  Comprehensive law designed to protect investors By ALAN LEE AFTER THE English weather (which is still very cold at this time of the year), the most talked about topic in the City of London these days is the recentlypassed Financial Services Act,
      1,253 words
    • 458 19 AP THE TWO GROUPS bidding for control of Societe Generale de Belgique SA say they are willing to hold talks on the future of Belgium's biggest holding company. Maurice Lippens, a leader of a Franco-Belgian alliance that claims a majority stake of
      AP  -  458 words
    • 329 19 UPI UK's fast-growing building products company, CH Beazer, last week announced its biggest foray yet into the US with a £735 million bid for a major building materials group. Beazer is making an offer through its holding company, BNS, for Koppers, a group
      UPI  -  329 words
    • 207 19 NYT NEOAX INC has agreed to acquire the IU International Corp for about US$67O million. Neoax, a maker of custom motor vehicles, said it would pay U5522.25 for each share of lU. IU stock closed last Friday on the New York Exchange at US$22,
      NYT  -  207 words
    • 116 19 HONGKONG Hongkong Index Monday .619 44 Fridoy 1.619.26 Wwk ago 1.585 45 Hang Song Index Monday 2.***** f"doy 2.472.38 WNi ago 2.418.08 TOKYO Nikkei Average Monday 25.***** Fndoy 25.***** Week ago 25.***** TSE Index Monday 2.***** Ffidoy 2.109 48 Week ago 2.***** SYDNEY All Ordinaries Mondoy 1.324 I
      116 words
    • 620 19 NYT WHEN RUPERT MURDOCH ended his 11 years as owner of the New York Post yesterday, the moment marked, perhaps, the greatest failure in a career of stunning successes. The Post was a deep well of red ink for Mr Murdoch, who estimates his cumulative
      NYT  -  620 words
    • 89 19 Reuter EUROPE'S largest brewer, Heineken NV of the Netherlands, has reported 1967 profits virtually unchanged from 1966 and said exports declined. Net profits totalled 266.7 million guilders (US$l5l million), only 1.4 million guilders (U*****,000) more than in 1966. Sales were almost flat at 6.6 billion guilders (US$3.4
      Reuter  -  89 words
    • 139 19 AFP USAIR will receive 50 Boeing 737 jetliners between April 1989 and December 1991 under a US$2.4-billion-deal announced last Thursday by the airline. Included in the agreement are options to purchase 30 more aircraft and brings to 2,001 the number of 737's now on order
      AFP  -  139 words
  • Page 19 Advertisements
    • 47 19 Presently running own business. SEEKS FRESH CHALLENGE. IN A TRAINEE MANAGERIAL, OR SALES AND MARKETING ROLE WITH AN INTERNATIONAL ORGANISATION IN SINGAPORE. Please contact: RICHARD WATKINSON 5 GREEN LEA DRONFIELD WOODHOUSE SHEFFIELD SlB SYA ENGLAND TEL: (742) *****6 < U) O LU o o > Chart Point every Saturday
      47 words

  • 541 20  -  By JOHN LIM and GENEVIEVE CUA THE PROPOSED CONCEPT of having three Members of Parliament representing an enlarged electoral ward should be extended to include all constituencies, the Select Committee on the Team MP Bills heard yesterday. Another view put forward
    541 words
  • 220 20 Reuter THE PHILIPPINES and the United States are to start reviewing an agreement granting US access to military bases in Manila soon, but Manila has sought a postponement, according to a Philippine senator. Leticia Shahani, the chairman of the Philippine Senate
    Reuter  -  220 words
  • 497 20  -  Government in bid to enhance image of Singapore-made products By JEFFREY TSANG J GOOD DESIGN AWARD is being introduced by the government in an effort to promote design-consciousness and enhance the image of Singa-pore-made products. Announcing the new award last night at the opening of
    497 words
  • 103 20 AFP THE Central Bank of the Philippines said yesterday that the government would discuss relaxing monetary targets set by the International Monetary Fund (IMF) when an IMF mission visits the country this week. Manila is committed to complying with the targets, fixed quartely and
    AFP  -  103 words
  • 400 20 Reuter MEXICO is trying out a one-month price freeze to cut its triple-figure inflation rate even though the government insists freezes do not, in the long run, work. But the government, with a presidential election coming in July, wanted to do something
    Reuter  -  400 words
  • 299 20 FOREIGN MULTINATIONALS will continue to command "priority attention'' in Singapore's industrialisation programme. But that does not mean that local industries will be neglected, said First Deputy Prime Minister Mr Goh Chok Tong yesterday. "They (the MNCs) brought with them overseas markets, modern management techniques
    299 words
  • 314 20 Bernama THE MALAYSIAN KING has warned that if political stability is undermined and the safety of the people threatened, the country's economic development could be placed in jeopardy. Speaking at the first sitting of the second term of the Seventh Parliament in Kuala Lumpur
    Bernama  -  314 words
  • 96 20 Bernama THE Partai Sosialis Rakyat Malaysia (PSRM) has sent a letter to the Johor Election Commission office to seek clarification on the discrepancies in the total number of votes cast and in the majority during the counting and recounting of ballots for the
    Bernama  -  96 words
  • 82 20 GOLD FUTURES yesterday turned lower on light selling after the overseas markets did not improve on Friday's strong close. The renewed weakness in crude oil prices also hurt sentiment. In thin morning business, April gold was off US$2 at U*****.80 an ounce after run- ning ahead by almost
    82 words
  • 352 20 Reuter INDONESIA'S Muslimbacked political party is lining up for an unprecedented battle in parliament this week, challenging the ruling Golkar group for the country's vice-presidency and pressing for political reform. The Muslim United Development Party (PPP), which lost a third of its
    Reuter  -  352 words
  • 277 20 Reuter INDONESIA should set up a trade representative office in Beijing as a first step towards reopening diplomatic relations with China, according to the head of a Jakarta government think-tank. The executive director of the Centre for Strategic and International Studies, Jusuf Wanandi,
    Reuter  -  277 words
  • LATE FILE
    • 46 20 Reuter ITALIAN tyre and cable group Pirelli Spa said yesterday in Milan it was bidding US$l.9 billion to buy the American firm Firestone Tire and Rubber Co. Pirelli is offering to pay US$5B per share for all 33.3 million Firestone shares.
      Reuter  -  46 words
    • 50 20 Bernama THE Malaysian rubber market did not appear to have been drastically affected yesterday by reports that the US had axed the funds for the International Natural Rubber Agreement (Inra) as part of its efforts to reduce the budget deficit. Price falls were minimal. Bernama
      Bernama  -  50 words
    • 59 20 Bernama BILATERAL trade between China and Malaysia will improve after the signing of a direct trade agreement in China later this month, Primary Industries Minister Datuk Or Lim Keng Yaik said yesterday. Malaysia's exports to China would be more favourable as the agreement would result in
      Bernama  -  59 words
    • 44 20 Reuter SOUTH Korean February car exports rose to 49,879 from 35,270 in February 1987. Car exports in the first two months of this year nearly doubled to 95,874 from 47,983 a year earlier, officials said yesterday in Seoul. Reuter
      Reuter  -  44 words
    • 53 20 AFP POLICE erected barricades on Sunday around Jokhang Temple in Lhasa, scene of a bloody Tibetan nationalist riot the day before, an informed source in Chengdu said yesterday. Otherwise the Tibetan capital appeared calm in the wake of Saturday's melee in which at least eight
      AFP  -  53 words
    • 29 20 AP UN-SPONSORED Afghanistan peace talks resumed yesterday with uncertainty persisting over whether Pakistan is ready to sign an accord with the Soviet-backed Kabul government. AP
      AP  -  29 words
    • 37 20 AFP NEW ZEALAND'S Labour Party has slumped to a 15-year low behind the opposition National Party in the six months since elections last August, according to an opinion poll released yesterday.
      AFP  -  37 words
    • 33 20 UPI GREECE and the US began a fourth round of talks in Athens yesterday to determine the fate of American bases on Greek soil, officials and diplomats said. UPI
      UPI  -  33 words
  • Page 20 Advertisements
    • 83 20 JLW Investments RESIDENTIAL DEVELOPMENT SITE FOR SALE BY TENDER O O !T <c <c An ideal site for development of either terrace houses or condominium apartments. ADDRESS 366 UPP. PAYA LEBAR RD. LAND AREA 131,320 sq ft (APPROX) ZONING RESIDENTIAL TENDER CLOSING: 4PM, 30 MARCH 1988 CONTACT: SOLE MARKETING AGENTS
      83 words
    • 4 20 Maxlcan dabt. Pag* 15
      4 words
    • 98 20 ;('"!:[%`\`|><~$'{=,?$,.%)(|<;\ 8m Pag* 10 y/pe k Jouter 70 Anson Road I f if ?n 'M FOR LEASE New distinctive identity Quality finishes throughout 4i J Various sizes from m s 80 sqm upwards Served by Tanjong Pagar MRT (only 100 m away) Immediate access to ECP/AYE expressways Free from CBD
      98 words

  • SHIPPING TIMES
    • 421 21  -  By G DURAIRAJ THE MALAYSIAN government appears to be pondering over the future of the Malaysian Freight Booking Centre which has failed to get the kind of support expected from its shareholders. Industry sources say the Ministry of Trade and
      421 words
    • 257 21 Reuter THE INTERNATIONAL Maritime Bureau (1MB) has appealed to shippers and insurers for £80,000 for t task force against cargo theft in militia-held ports in Lebanon. The IMB, a division of the International Chamber of Commerce, said in a
      Reuter  -  257 words
    • PORTSIDES
      • 99 21 AFP THE UNITED STATES Navy's Mid-East Unit command ship in the Gulf to protect oil tankers, the 15,000 ton La Salle, will be repaired in Japan next month, US naval sources said. The ship will be repaired at Yokosuka. at the mouth of
        AFP  -  99 words
      • 94 21 Reuter THE BRITISH government is considering options for the possible privatisation of the debt-ridden British Shipbuilders group, but no decision has been taken yet, a UK Department of Trade and Industry spokesman said. "The government has long said that it wants to put British Shipbuilders into
        Reuter  -  94 words
      • 114 21 Reuter EAST AFRICAN Conference Lines (EACL), a group of 13 shipping lines operating between Europe and East Africa, will lower its currency adjustment factor (CAF) by 3.41 percentage points, due to a recent rise in the value of the dollar. EACL's East African representative said.
        Reuter  -  114 words
      • 39 21 TWO NEW MANAGERS have been appointed by Lykes Bros Steamship. Joseph W Hollier is now manager of liner operations while Ralph A Lacher is manager of cargo handling based at its headquarters in New Orleans.
        39 words
      • 82 21 THE ASSOCIATION of Port Authorities will hold a strategic planning seminar on March 18 and 19 in Miami, Florida. Thirty international speakers will address the gathering. The keynote speaker for the two-day meet is Erik G Rule, a partner in Coopers and Lybrand Consulting Group
        82 words
    • 443 22 Lloyd's List FINANCIALLY-TROUBLED Japanese owner Yamashita-Shinnihon (YS Line) is to take drastic action in a bid to return to profitability in 1969 .Included in the ambitious package will be the sale of up to 10 uneconomic vessels, the transfer of staff and functions
      Lloyd's List  -  443 words
    • 1240 22 NYT THE PANAMANIAN govern* ment has been mismanaging sections of the Panama Canal and its installations that have already been handed over by the United States, according to Panamanian employees of the canal and shipping industry experts in Panama. They say the
      NYT  -  1,240 words
    • 775 22 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrans VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 ARC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      775 words
    • 203 23 Reuter THE SHIPPING markets may be about to enter 10 years of prosperity with the next downturn expected to be mild and shortlived so long as ordering of new vessels is restricted. London shipbroker Eggar Forrester Ltd said. But the main pitfall, the over-ordering
      Reuter  -  203 words
    • 194 23 Reuter ONE YEAR after the Herald of Free Enterprise capsized and killed 189 people in the Zeebrugge ferry disaster, roll-on/roll-off ferries are still unsafe, a British expert said. Naval architect Dick Bishop said ferries such as the Herald of Free Enterprise could
      Reuter  -  194 words
    • 77 23 Seatrade Week WARTSILA DIESEL, the diesel arm of the major Finnish group, is expanding its operations in the Netherlands with the acquisition of the diesel engine after sales operations of Dutch company Bolnes Motorenfabriek BV. The agreement includes the transfer of Bolnes's after sales operations to
      Seatrade Week  -  77 words
    • 6101 28 QSaBGWEB A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      6,101 words
    • 1246 29 THE FREIGHT market generally remains fully steady on Friday, with a fairly bullish tone prompted by active time-char-ter fixing, shipbrokers said Grain shippers are reported to have paid about U5525.75 for the voyage from the US Gulf to Japan with no combination ports involved, but no confirmation was
      1,246 words
    • 1372 29 AT CONVENTIONAL WHARVES < i B«rth Arrival D*p«rtur* KEPPEL WHARVES Baaco Alrico IC27 olongsida o'ongsKJa 09 03/1200 Gone hang K3I 10 03,1500 G Saloton-8 KI7 oiongsoa oiongv<»a *****700 Hong Hing KX 08 *****0 Inobukwo K33 o.ongsKJa 06 03/1500 r.ohang KI9 olongsida 08 03/2X10 Koto Mago* K3I oiongsKJa
      1,372 words
  • Page 21 Advertisements
    • 998 21 TIMES STP Distributors Tmt»m Pubtoatmtg Croup WW/ OVEIQEAS Cotttoim% UNE NORTH AMERICA ATLANTIC EXPRESS (ROUND THE WORLD ROUTING 1 ORIENTAL FAITH ORIENTAL FRIENDSHIP AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR KOREAN JACEWON NEPTUNE CRYSTAL CHINA CONTAINER CHTON NFK NYC HX SGP SM SW SM SM 10/3 SM SM SM
      998 words
    • 93 21 mm THE PANAMANIAN government has been mismanaging sections of the Panama Canal and its installations that have already been handed over by the United States, according to Panamanian employees of the canal and shipping industry experts in Panama. Page II THE SHIPPING markets may be about to enter 10 years
      93 words
    • 801 21 1 OCEAN LINE BLACK SEA SHIPPING COMPANY Regular Services From SOUTH EAST ASIA TO MEDITERRANEAN PORTS Agent: Singapore Soviet Shipping Co. -Pte Ltd. TEL. *****33 MAERSK LINE T TRANSIT TO CHARLESTON *9 DAYS FROM SINGAPORE 34 DAYS FROM PORT KELANG 33 DAYS FROM PENANG To Europe—UK Scandinavia Finland aczHcii M
      801 words

  • Page 22 Advertisements
    • 580 22 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ROTTERDAM/ ANTWERP P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN BENAVON OSAKA BAY KITANO MARU LARGS BAY HONG KONG EXPRESS ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN, COPENHAGEN, AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT I BREMER- R DAM/
      580 words
    • 17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
    • 401 22 NOTICE FAR EMTBM FREIGHT CONFERENCE SARAH, RRUNEI AND SARAWAK FREIGHT CONFERENCE NOTICE TO SHIPPERS CONGESTION SURCHARGE The member lines of the above Conferences have been monitoring the berthing situation at the undernoted ports and have reported and agreed on the following:ISTANBUL As a result of an improvement in berthing conditions
      401 words

  • Page 23 Advertisements
    • 1109 23 The Straits Steamship Group Mansfield Container Shipping Pte Ltd P&O Containers CONTAINERSHIP SERVICE TO UK/CONTINENT: KNAVON UIB 14/03 JMB OllOt 03/04 0404 OMM OSAKA BAT 21/03 22/03 07/04 09,04 11/04 12,04 14»4 KITANO MARU 23/03 25/03 13/04 15/04 17/04 11/04 2<VO» LANGS BAT 2MB 31/03 IW Ml 2»4 004 25/04
      1,109 words
    • 587 23 KLINE KINKAI MV TAIYO MARU VlO2 Arrived 16/2/88 MV LA VIE EN ROSE Vl9 Arrived 2/3/88 Consignees of all damaged cargoes e* the captioned vessels are hereby notified that a General Survey will be held on 9th March (Wednesday) 1988 at Keppel Wharves K2O K3l from 0900 hours 1200 hours
      587 words
    • 214 23 Now,"K" Line's Sea Rail service blankets the 11.5.A. Seattle Chicago Japan d > Korea m Dallas i Columbus Atlanta New York #Tai Long— v Beach Taiwan •Houston Orleans Hong Kong Singapore flort KWBnB "K" Line's Pacific Southwest/Chicago- Penang New Yor k Double Stack Train (DST) service route is joined by
      214 words

  • Page 24 Advertisements
    • 367 24 pXSINOSE m MARITIME PTE LTD IRAN SHOJAAT IRAN EHSAN ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading forIn Port BANDAR ABBAS (2nd call) 21/3 BANDAR ABBAS KYOWA LINE RNC/8. PACIFIC SERVICE Singapore Loading for: 20/3 JAYA. LAE. HRA. LTK. MALAU MICRONESIA SERVICE A VESSEL SPORE PK 10/3 12/3
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    • 681 24 ICS.LINE unit imp* mi c»»n»* FULLY CONTAINERISED SERVICE TO EUROPE VIA SUEZ Member ol the Ace Consortwm S pore I LeHa»re Fstowt R dam H burg B haven 31 3 KOREAN JACEWON S2W 9 3 NEPTUNE CRYSTAL 44W 13 3 CHINA CONTAINER 44W 20 3 HONGKONG CONTAINER S4W V i
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    • 324 24 FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONSI SAILING 16/3 24/3 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, BILBAO MADRIO, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER A ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE KIETA, MAOANG KIMBE NEW CALEDONIA FIJI ISLANDS NOUMEA SUVA/LAUTOKA 30/4 30/4
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    • 1434 24 M r jc*£ EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SCP MKC KSC KLC PUS OSK TTO KSN EVER GENTLE 12,1 16 3 1»,3 20 3 23/3 25/3 26/3 14/4 EVER GENTRY 18 3 22/3 24/3 26 3 293 31/3 1/4 20/4 EVER GUIDE 25 3 24,3 30 3
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  • Page 25 Advertisements
    • 540 25 PACIFIC INTERNATIONAL LINES AVk\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 JAKARTA CONTAINER SERVICE SURARAYA/SEMARANG CONTAINER SERVIC VESSEL SEA HAWK SEA DRAGON SEA HAWK SEA DRAGON BANGKOK CONTAINER SERVICE VESSEL INTEGRA SEA FORTUNE INTEGRA SEA FORTUNE BELAWAN/STRAITS CONTAINER SERVICI VESSEL SEA FORTUNE INTEGRA SEA FORTUNE INTEGRA RED
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    • 293 25 iNORBULK NORBULK CARGO SERVICES LTD REGULAR CONVENTIONAL SPORE MARATHON UNITED AGENCY PTE LTD TEL *****66 KL PK S P YEO SHPG TRDG KL 7839M4 PK *****01 PENANG TANJONG MARINE SDN BHD TEL *****5 SABAH TRANSPAC KK TEL ***** *****8 i BREAKBULK SERVICE TO EUROPE/UK S pore P.Kelang Loading For MONTANA
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    • 583 25 \rm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK'CONTINENT Bena»on 1> I Osau Bay Nediioyd Holland larp Bi« 271 Hongkong Ciprm 4 4 To*yo Bj> 114 Rh.nt ttj'u 17'4 Tokio Eigrns 214 Hjmttu'f Eiprns 2*4 Kowioon Bay 4 Ben*»on 115 S POM P KLANG I STON MAM B MAVCN ROAM
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    • 591 25 DJASAGETRI A Joint Europe Service Of: F.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSHIP SERVICES SINGAPORE TO EUROPE VSL/VOY BILBAO ANTWERP H'BURG/ GANOA BHAKTI/20W6 15-17/3 15/4 S. PANJANG/18WB 23-25/3 KUTAI/14WB 16-19/4 RDAM/ADAM BREMEN Subject to Indue* m*nt. Also *cc*ptlng cargo to Casablanca, Port
      591 words
    • 545 25 BOUSTEAD SHIPPING AGENCIES 1* AVA VB9W PAGAN VI2SW PA AN VI22W BURMA FIVE STAR SHIPPIMB CORPORATION (Burmese National Line) Loading for Rangoon j; '"pore P.Kelang Penang Bangkok Spore 29 Feb 10 Mar 11/12 Mar 1518 Mar HTONEYWA V233W 16 19 Mar SAGAINC 20,23 Mar PAGAN VI26W 29/31 Mar 14/15 Mar
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  • Page 26 Advertisements
    • 966 26 "K"LiriE SHIPPiriG DATA flTLflriTlC CDfIST (Round-The-World Service) ORIENTAL FAITH V 7 ORIENTAL FRIENDSHIP V 7 AMBASSADOR BRIDGE Vl6 PACIFIC SOUTH-WEST FEEDER VSL •PK/PNG SP MOTHER VSL LA/LB OAK CHICAGO NEW YORK ORIENTAL FAITH V 7 Sid 10 Mar G W BRIDGE Vl4 3 Apr 6 Apr 7 Apr 10 Apr
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    • 399 26 WA At J7MC NEDLLOYD COLOMBO «33G ANJOU 016 C Town Durban Sid Sid 153 18 3 In Pt 17/3 WW/ L^J JARDINE SHIPPING AGENCIES (REG. *****4/ OOK) 200 CANTONMENT ROAD #12-05 SOUTHPOINT, SINGAPORE 02 te«: *****11 TELEX NO: RS ***** TERMINAL,CFS Tel *****18-220 BOOKINGS Tel. *****34 235 V§\ DOIUGIUAMA 1-1
      399 words
    • 744 26 //tf INDIA EXPRESS CONTAINER SERVICE Accepting FCL/FCL Container* Singapore P Kelang Penang lending tw Mothet Vsl 6) feeder By Feeder 13 Mar 13 Mar Mid Calcutta Madras TMEODOR FONTANE V 16N 20 Mar RAVIOAS V »H INDIAN COURIER V »N SO TRIPURA V 34H INDIAN COURIER V JON 7 Apr
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    • 747 26 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23, Ttlo* Ayar Street SINGAPORE 0104 TEL *****08 (10 LINES) Fai U4}» STRAITS/PERSIAN GULF SERVICE GOLDEN HAVEN Cotomoo Karachi DjM GOLDEN WONDER Colombo Karachi Dubai CHINA SERVICE A VESSEL Shanghai Hsinkang MINFU Hui>ngpu Shanghai S pore PKelang Penanj 11/12 War 25 26 Mar
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    • 484 26 SHIPPING TIMES, Tuesday, March 8, 1988 PHIU Onl€NT UN€5 PT€ LTD HEAD OFFICE 63 ROBINSON ROAO -07 12 AFRO-ASIA BUILDING SINGAPORE 0106 TELEX RS ***** PHILI FAX *****76 EAST/FAR EAST FCL 4 LCI SERVICE tmm LATTAKIA. BENGHAZI TRIPOLI. ALEXANDRIA PORT SAID PIRAEUS CASABLANCA. LIMMASOL. VALFTTA ADEN DJIBOUTI UK EUROPE SERVICE
      484 words

  • Page 27 Advertisements
    • 840 27 NEPTUNE ORIENT LINES LTD J Bahru NEPTUNE AGENCIES PTE LTD Ft EU/AUST TP A/SEA Terminal CFS BOOKINGS *****53 27*5742 *****22 *****53 *****1) *****16 *****11 *****44 NEPLINE SON BHD 368*887 INWARD OUTWARD NEPLINE SON BHD ****** ENQUIRIES *****44 NEPLINE SON BHD *****5/*****/*****1/6276(2 NEPLINE SON BHD *****0 *****1 urcwni* 11 a,re s,o
      840 words
    • 299 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG, PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE MOJI container to be transhipped at Busan Korea CALLING INCHON DIRECTLY ON 10/04 S PORf AGfNTS NfPIUNI AGf NCIfS PII I ID Tel .'/SOI/I 2'tOl'l 222/M0 *****22 (Ooer itiuns) *****8/ 2.W84 (Termmjl) *****W 220,">04
      299 words
    • 697 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PfMmr P KELAMC rtNANU y/c HANDI INC SYSTEM CO SDN BHD MESSRS HAI THONG SHIPPING 127 Penang
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    • 14 27 ma* 4 c MADJU SENDIRIAN BERHAD -20-12 Tong Eng Building. Singapore 0106 Tel *****8/
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  • Page 28 Advertisements
    • 309 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 226 6868 (30 lines- fAX *****39 *****76 TIIEX RS ***** A B SSCMA RS ***** A B SSCAO VE.B DEUTFRACHT/SEEREEDEREI RQSTOCK INTEGRATED FULL CONTAINER SERVICE 'VIA COLOMBO Accepting cargo for INDIA Bombay. Cochin, Madras Calcutta "VIA LARNACA Accepting cargo tor Lattakia. Piraeus, Thessaloniki, l/mir,
      309 words
  • Page 28 Miscellaneous
    • 179 28 t Regional Weather -v A B X I* M Si Wa s lr t v s 1 K <#* si s ussi sa i* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. c/* nd direction with speed m knots Wove height Thunderstorm Temperature c X\ y Shower Weather
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  • Page 29 Advertisements
    • 454 29 s> CRYSTAL r 3 r FREIGHT SERVICES PTE UO Tel: *****88 Tlx: ***** Fax: *****88 (AND INLAND DESTNS)IS/3, 22/3 USA COLOMBO 21/3, 27/3 ALSO ACCEPTING TO KEE/KAO 13/3, 20/3 BUSAN 17/3, 24/3 TYO/YOK 14/3, 21/3 BANGKOK 12/3, 16/3 MM UNI-OCEAN LINES PTE. LTD, \lcA 60 Cecil St #02-01 <PB Building
      454 words
    • 71 29 \\CSP\ CSP SHIPPING AGENCIES PTE. LTD. Tel: *****66 (16 Lines) Fa* *****15 FIXED CONSOLIDATION SERVICE FCL/LCL TO: CHINA, HONG KONG, BANGKOK, P.KELANG, KEELUNG. KAOSHIUNG, MANILA, BUSAN, TOKYO/YOKOHAMA KOBE, OSAKA, FELIXSTOWE. HAMBURG ALL EUROPE BASE PORTS ALL USA PORTS Also accepts to other destinations. ACCEPTING FCL/LCL AND CONVENTIONAL: P.Kelang: Sure Fast
      71 words
    • 394 29 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. FBI IRAQI LINE l) J IRAQI ST*T| f NT( IIPIIISf fO« MAMtTIMf TRANSPORT MV SINDBAD MV ALFARABI EAST BOUND SERVICE ETA S PORE LOADING FOR 15i3 Japan WEST BOUND SERVICE ETA S PORE LOADING FOR 15/3 Jeddah Aaau Bigncac 104 Jeddah Aqaba Baghdad THROUGH
      394 words

  • Page 30 Advertisements
    • 398 30 Hai Sun Hup Co (Pte) Ltd TEL *****06 (20 Lines). TLX RS ***** RS ***** IE 1 ASH RN CAR I l\l R. I I I) MOJI CALLING: 111 W M.V 'SEKI KOCHI' V-63 SPORE P.KELANG MOJI 26/3/88 29/3/88 9/4/88 CAR CARRIER SERVICE TO MUARA/KUCHING KK Loading at appropriated Berth
      398 words
    • 629 30 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES Sport LtHavre Connecting VsT" ATI CARTIER For' VSL Spore LeHavre Connecting VSL Qylj mjjmj JUTLANOIA 7/3 24/3 STUTTGART EXPRESS Mobile New n. delft v» up 31/3 nuernberc atl NIHON B 21/3 7/4 ATL CARTIER u
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    • 242 30 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK Ag«nt NHWN-ASU SHIPPING IS) PTE LTD Tel: *****88 (8 Lines) Tlx: RS ***** JUNO SHIPPING PTE LTD TEL *****551 TLX: RS ***** FAX *****14 BTSS*T3 UNES) TIMBER/BREAKBULK SERVICE RANGOON S PORE BKK HKG KEE QINGOAO SILVER HAWK Sailed 1/3 14/3 LATANGAN 15/3
      242 words
    • 705 30 FAR EAST/EUROPE CONTAINER SERVICE CALL US AT: [I P. KELANG PENANG P 1 J. BAHRU P. GUDANG 111 SINGAPORE mam k. Lumpur *****53/*****11 04-*****2/4, *****3 •07-*****8 07-*****3, *****5, *****0, *****1 •02-*****22 *****88 FROM EUROPE vsi N DEJIMA 071 b sun* 5T SINGAPORE LEHARVE UfllMiTT HAMBURG I GOTHENBURG 21.M 22.M TO
      705 words