The Business Times, 30 January 1989

Total Pages: 32
1 32 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 MONDAY, JANUARY 30, 1989 75 CENTS
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  • 703 1  -  Operators Down Under speak of threat to their livelihood By FLORENCE CHONG Writing for BT from Sydney UNLICENSED tour guides from Singapore have caused a stir in Perth. They are accused of undermining the livelihood of their Australian counterparts and offering poor services
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  • 399 1  -  By TAN KEE WEE THAT GROUP TOURS from Singapore do not, on the whole, employ Australian guides cannot be denied, said Mr Paul Gopal, president of the National Aasociation of Travel Agents (Natas). "I sympathise with my Australian counterparta," said Mr Gopal. He pointed
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  • 709 1 By PAUL GOPAL In Ampang Jaya THE VICTORY of the ruling National Front in Saturday's Ampang Jaya parliamentary byelection in Malaysia is sxpected to speed up moves to restore Malay unity, eapecially in view of the impending return of former deputy
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  • 218 1 NST SINGAPOREANS who commit traffic offences in Johor Barn will no longer be given time to settle their fines. They will be asked to settle the fines before they return to the Republic. State Traffic Police ch*ief Deputy Supt A Sabapathy said: "We
    NST  -  218 words
  • 251 1 Reuter A SENIOR Chinese official has assured Western businessmen that his country would not roll back economic reforms in spite of the new drive against inflation. Mr Liu Hongru, deputy governor of the People's Bank of China, told the World
    Reuter  -  251 words
  • 487 1  -  By CHUANG PECK MING WEARNE BROTHERS has parted company with Club Corporation of Asia (CCA) in a dispute over the management of Pinehurst Golf and Country Club in Thailand that threatens to end up in court and unsettle club members.
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  • Page 1 Advertisements
    • 363 1 Need a car or truck loan? Wayfoong 737-7977 Itfj Wyfoong VVrtgage And Finance (S) Ltd A wholly-owned subsidiary of llongkongßank 6 Claymore HM #03-01. Claymore Pteu Singapore (M 22 MANAGEMENT r MR CHONG Che© Leong did not know that he had won the third prize in the Businessman of the
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    • 202 1 Company News Group of Seven mooting 4 Further steps needed to cut trade imbalances Takeshlta-Bush summit 4 Japan expected to seek cooperation on economic issues Asian dollar market 7 More Japanese bonds expected Guinness Mahon 7 Buyer for Equlticorp expected within weeks Businessman of the Year 9 Lien Ying Chow
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    • 5 1 Mora reports on PAGE 4
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    • 180 1 old Awaiting Ostnlxjled by: Cold Storage Trad W:*****39 GIVES YOU 1400 EXTRA SEATS NON-STOP TO TOKYO with 4 extra B-M7 fights A mml d iivvn Now, Japan Air Lines gives you more ways and reasons to fly JAL to Tokyo To meet demand for direct flights to Tokyo we've added
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  • MANAGEMENT
    • 1388 2  -  Businessman of the Year Essay Competition: This essay wins third prize By CHONG CHEE LEONG Us GLOBALISATION is the business trend of the *****. This is the strategy adoptsd by the government to reposition Singapore's niche in the world's sconomy in face of the
      Us  -  1,388 words
    • 569 2  -  By RICHARD SEAH IF THE THEME of the Businessman of the Year Essay Competition had been "A Song of Praise of the Singapore Government", Mr Leong Weng On would have won hands down. He sang endless praises of the "pragmatic, durable and competent government"
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    • 996 3  -  Spotlight Management By ONG YEW HUAT THE WORD "franchise" is a common term in modern business. It is actually not one form of business but various forms. In its most simple form, a franchise ia a contractual agreement whereby the franchisor (the owner) allows another person
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    • 694 3  -  Companies need to come up with innovative products By MICHAEL SKAPINKER FT A BRITISH COMPANY which launched a new food product at the beginning of the 1960 a could be reasonably sure it would succeed. By the middle of the decade, moat new food
      FT  -  694 words
  • Page 2 Advertisements
    • 433 2 HUSINKSSMAN OKTHK YKAR AWAHI) ANI) KNTKKI'KISK AWARD mjmmmtcxmeis• Have The Fbwer. R&ftti *t vmJP 1 siit4|rfk.vL Use it...and taste the sheer thrill of speed. The COMPAQ DESK PRO 386/20e delivers extra 386 power to people whose demanding needs have outgrown the capabilities of their 286 PCs. The COMPAQ DESKPRO 386/20e
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  • Page 3 Advertisements
    • 95 3 MMS TELECENTRE Your Partner In Business INBOUND TELEMARKETING: Incoming Inquiries From Promotional Activities Order Taking And Credit Verification OUTBOUND TELEMARKETING: Qualification Of Prospects For Meeting Invitation To Seminars/Conferences Launching New Products/Services Conducting Service Audits Market Research And Surveys Pilot Testing MMS WHO'S WHERE LIST: Mass-mailing Data-bank Telemarketing List Market Information
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    • 72 3 O v\ CAN RESIST THE MAGIC > V> v N O! 1 «>* T p> 3 > 7A G c 5 Sea&X* &\e l*r vvith frcnn iw A (Si*?rrr*» Ssr sc mv ~ySK"»? M U. For a limited period only, celebrate with a bottle of Camus X.O. Cognac (70 cl)
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  • OVERSEAS
    • 326 4 Reuter THE US. Japan and West Germany must all take further steps to reduce their trade imbalances. David Mulford, Under-secre-tary at the US Treasury, said on Saturday in Davos, Switzerland, that the topic would be high on the agenda of a meeting
      Reuter  -  326 words
    • 248 4 Reuter VENEZUELAN President-elect Carlos Andres Perez unveiled a new strategy for Third World debt in Davoe and won some praise for the idea but drew scepticism from the US. In a speech to the World Economic Forum on Saturday, just five days before his inauguration,
      Reuter  -  248 words
    • 214 4 AFP SOVIET Foreign Minister Eduard Shevardnadze ia expected to put the finishing preparatory touches to a Sino-Soviet summit when he begins a three-day official viait to China on Wednesday. It is the first visit by a Soviet foreign minister to China in 30
      AFP  -  214 words
    • 371 4 AFP JAPANESE PRIME MINISTER Noboru Takeshita is expected to seek US-Japanese cooperation on international economic issues during his summit this week with US President George Bush. Foreign Ministry officials said Mr Takeshita leaves Tokyo tomorrow for an official visit to the US and is due
      AFP  -  371 words
    • 385 4 AFP HIGH-RANKING North Korean officials have strongly hinted that Pyongyang is willing to enter into joint ventures and full-scale direct trade with South Korea, according to South Korean press reports. "There is no reason that we cannot haw feint ventures with
      AFP  -  385 words
    • 240 4 Reuter HONGKONG said talks between the OECD and Asia's four fastest growing economies had broken the ice but the developed countries must take the initiative in developing the relationship. "It's like asking a girl out for the first time.
      Reuter  -  240 words
  • 964 4 ARRIVALS Op# f oto S#rv numl to* li Mr Mi wol From m UAL AKL MAS SA UA, SA SU SU MAS SU MAS MAU SU MAS SU cpx GU su MA SU GU KLM SU SU THA THA GU UA MAS GU SU SU SU SU
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  • Page 4 Advertisements
    • 138 4 POWER I iiniilHii When you visit Telecoms Customer Services Centre at Comcentre to look for a new earphone, be sure to ask for Uniden AFIO. It's nice to know that the AFIO has all the features you need in a car phone. From an easy-to-read LCD display screen to "Handsfree"
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    • 116 4 LONDON Call your Trtvei Agent or Air Canada at 7J*****. A BREATH OF FRESH AIR The buunex penon'i choice every Tuesday, Thursday, Saturday and Sunday. Leaving Chanfi Airport at 22:05 hours and arriving Heathrow early the following morning. Air Canada THESE "waxworks" 5 WILL HAVE YOU m id ft Iff
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  • Page 4 Miscellaneous
    • 115 4 Doonesbury m. i I £7g I'm surprise? rrs not more. SKIN NEVER QOES OUT OFSTiIS, &RL. ANP NOT EVEN LB6TT MAGS ARB ABCNB USING FT! 5 BY GARRY TRUDEAU SEX SELLS'. IT PO6SNT MATTER WHAT IT/S-MAeAZJNES, BOOKS, MONIES, TV. SHOtUS! IfSAil ABOUT HYHN6 SALES AHP RATINGS! YEAH, 16UESS YOU'RE RIGHT-.
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  • Page 5 Advertisements
    • 120 5 2* /a.. -V HSP, fit JWarw THE 1988 LEADERS OF INDUSTRY AND COMMERCE Our congratulations to Mr Lien Ting Chow, Businessman of the Year 1988. In recognising business leadership in 1988, we salute Mr Lien Ying Chow, Chairman of Overseas Union Group, for his outstanding contnouoons to tne development of
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  • MONEY AND EXCHANGES
    • 538 6 Reuter THE US DOLLAR carried on the New Year rally on subatantiai commercial demand in New York foreign exchange last Friday, ignoring joint intervention by central banka, dealers said. Lan Spence, chief dealer at Manufacturers Hanover Trust Co, said if central banks want a
      Reuter  -  538 words
    • 619 6 AFP ASIAN CURRENCIES generally drifted lower last week aa the dollar strengthened, although several currenciee defied the trend. The Auetralian dollar ended higher aa did the South Korean won, the Taiwan dollar and the Thai baht while the Singapore dollar soared to an all-time high. The Japaneee yen,
      AFP  -  619 words
    • 220 6 ASIAN CUttENCY ov*fog« deposit r at** for th* wook •ndod Jan 27 MOM ICS* Low US S 7 day* l/l 9 1/16 1 north 9 3/16 9 1/t 2 aofltf* 9 1/4 9 3/16 3 9 7/16 9 1/4 6 north* 9 9/16 9 3/« 9 Martha
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    • 434 6 Gold Financial futures Sin Huat Bullion LAST WEEK. Loco-London gold opened around U*****.50 per troy oz and drifted steadily lower in an invaraa response to a recovering US dollar. Long liquidation figured prominently throughout the week, first when dleappointed buyers cloeed out their poeitions after fol-low-through buying from last week's
      Sin Huat Bullion  -  434 words
    • 166 6 Qold tutu r*t on Jan 27, 1989 too My •MK US p* My Ml Op* M0I Lot M«a tm H 39X10 -X90 tab 40X70 40X70 3f4J0 30X10 -7.10 Mar 39X00 •740 407 JO 40X30 39tJ0 40X30 ■7 40 A* 41X00 41X90 40X30 -770 *>m 41X00 419.00 41
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    • 394 6 in prtmn l«i>dtoß*r2» o* 11 mator banks In rpmm PLR of banks at tha ctoaa of businaaa on Friday. Jan 27 as suppttad by lha Association of Banks in Singapore: RANK U AiQumm Bonk 5% AM Mdi ftank PIC 6% Amortcon Expr— ftonk 6% Am*Dori ffWdam ftonk
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  • Page 6 Advertisements
    • 610 6 )),~!'>.;\~&`"'@^]<<`{}|?<=-"|: Professional Laundry embarks on its Major Expansion Programme Professional Laundry Re Ltd has undertaken a $4 million expansion plan to handle contract cleaning services which include hospital and IW hotel laundry. ww JM The two-year investment proM gramme will double the current annual turnover of $2 million to $4
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  • BANKING AND FINANCE
    • SMALL CHANGE
      • 53 7 CONTINENTAL Illinois National Bank and Trust Company of Chicago phew, what a mouthful. Luckily the bank management realised the need for a name that is short and sweet So from last month, it became known very simply ss Continental Bank NA. Why? They wanted to change their
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      • 70 7 FOCAL Finance Ltd. a result of the merger of International Trust and Finance Ltd with Forward Oversea Credit Ltd, has decided to celebrste the occasion by offering special interest rates of up to 5 per cent for fixed deposits. The merged entity certainly benefits from
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      • 64 7 REMEMBER Nanyang Finance, Island Finance and Lian Huat Hang Finance? The three finance companies have been talking of a merger since early 1967. Almost two years have since passed, but they still have no result to show. No wonder some in the finance industry have branded the
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      • 58 7 A FEW months ago, we wrote about the Poet Office Savings Bank installing a 24-hour automated teller machine just next to a 7-Eleven store which also operates round-the-clock. Well, it looks like the Oversea-Chineee Banking Corporation has taken this one step further. It has installed ATMs at
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    • 176 7 Reuter THE HEAD of Burma's Foreign Trade Bank at a new* conference on Friday ruled out devaluing the kyat while the military government remains in power. A government spokesman said the ruling Military Council, which took power in September to crush a national uprising for
      Reuter  -  176 words
    • 448 7  - More Japanese bonds on Asian market expected By DEXTER LEE THE CURRENT bullish sentiment on major stock markets will encourage more Japaneee publicly-listed companiee to launch equity-linked bonds on the Asian dollar market in the next few months, said seversi Japaneee merchant bankers here. They told BT last Friday that
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    • 178 7 Reuter BANK OF SPAIN Governor Mariano Rubio aaid he waa concerned about the dispute st Banco Espanol de Credito involving the rejection of the bank's 1968 results by eight board members. Mr Rubio said the boardroom split at Bsnco Espsnol de Credito (Banesto)
      Reuter  -  178 words
    • 451 7 Reuter SEVERAL debtor nations have talked with Japan about making use of the so-called Miyazawa debt scheme and Mexico seems the most serious, Japanese government officials said. Under the propoeal, debtor countries would swap debt for bonds issued without a discount The bonds
      Reuter  -  451 words
    • 443 7 Reuter CANADA'S big banks, worried about an invasion of foreign financial conglomerates, are banding together to fight a plan by American Express Canada Inc to set up a Canadian bank. A delegation of senior bankers plans to meet Finance Minister Michael Wilson
      Reuter  -  443 words
    • 341 7 Reuter THE CHAIRMAN of Guinness Mahon Holdings. Geoffrey Bell, said he expected to have a buyer for Equiticorp international pic's 61 per cent stake in the British merchant bank within weeks. He told reporters last Friday after the company's annual general meeting:
      Reuter  -  341 words
  • Page 7 Advertisements
    • 108 7 CSFB Credit Suisse First Boston is pleased to announce that its 1989 PROSPECTS- INTERNATIONAL BOND MARKETS SEMINAR will be held in Singapore on Thursday, 2nd February 1989 SEMINAR Ad END A Outlook for the Dollar and the US bond market Deutsche Mark market Sterling market French Franc market International Overview
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    • 76 7 MORNING 0830 HRS Thai flies non-stop to Bangkok 3 times a day, everyday 365 days a year. Flying to Bangkok is easier with Thai. With three convenientlytimed departures per day, everyday 365 days a year. And our smooth-running schedule quite naturally extends into smooth service. Because we believe that the
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  • COMMODITIES
    • 162 8 Reuter THE European Community may have a bumper grain crop this year despite lower support prices and a scheme to try to cut surpluses by taking land out of production. A big crop in Europe would help ease fears among Third World importers
      Reuter  -  162 words
    • 987 8 AFP CRUDE OIL prices fell back in London last week from the previous week's 12month highs on profit-tak-ing and disappointment st the failure of Opec and non-Opec producer talks to reach concrete agreement. Traders noted an increasing tendency for precious metals to take note
      AFP  -  987 words
    • 138 8 Telerate FUEL OIL prices were steady-to-slightly soft through the week. Market sentiment was mixed ss players were not always sure of the market's direction. Buy-eel I indications for CST-180 remained about USS2-USS3 tonn«6 apart for moat of the week with CST-380 indicated at levela USSS-USS7 ton
      Telerate  -  138 words
    • 173 8 SOYBEANS closed lower on mostly speculator selling with late erratic price swings caused by thin tradsr participation on the Chicago Board of Trade on Friday. Forecasts for weekend rain In Argentina and prof-it-taking from Thuraday's sharp gains kept aoybeana lower today. Surging stock prices against sagging gold
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    • 138 8 ROTTERDAM Ooalng pries* on Jan 27 Pat* ofl end* Smmom/M'«o mMm option (USS/imm) Mar t—) MiolHOrOI (M$/teMw) Nto/Mor 377J* (377J*) OMn MO FC* (Ms/*omm) Fob 390* 1390*1 Stoart* MO POCAM M'rto CV toMord— (Ms/toono) Fob/Apr 395* (»J*l Mb torari ol ar (Mt/tWM) Fob/Mar 490* PORLA >rlctt for Jan
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    • 146 8 Bernama THE TIN PRICE on the KLTM ended the week 21 cents higher at M 520.42 cents per kg on active buying auooort Reflect)na the uotrtod tumovtr IncraiMd to 013 lots from 349 prwioueiy. The market opened higher on Monday on ahort covering mainly from the European market
      Bernama  -  146 words
    • 143 8 Bernama THE MALAYSIAN rubber market cioeed firmer last week with the February International One RBB buyer quoted at 315.50 cents per kg, up 11 cents from a week eerlier. The price opened 1.50 centa higher at 306.00 cents per kg on Monday and it continued to improved steedily all
      Bernama  -  143 words
    • 163 8 Chlntu Produce Exchange SiHtn noon dorfRQ pel cm an ion 7% (SI/100 kg) Coconut oil M FOi 106.00 Otd dtvm FOt 118.00 Now drwa fO% 122.00 Copra Mtawd (too—) 64 P*PP*f Munioh FOt NLW A- 1. 707J0 XVUWUi wwv FOt foq NIW 697 JO Sarawak ipidol Wat* KM
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    • 272 8 London Commodity Exchange Buyer/Seller dosing prices on Jon 27, (£/tonne unless specified). Previous dosing prices in parenthesis. Basis Irv-sforo London, sailors option OF London Jan 1190/93 (1190/93) High/low 1221/1195 Mar 1177/78 (1171/72) Ugh/low 1208/1178 Solos (4700) COCOM Mar 861/802 (849 y 850) High/Low 869/850 May 868/869 (858/860) High/low
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  • Page 8 Advertisements
    • 138 8 The Dunhill Cup 1989 WORLD QUALIFYING TOURNAMENT mm A y i&Zx-r r r -V V From February 3rd to sth, the first World Qualifying Tournament of the Dunhill Cup will be played over the challenging Serapong Course, Sentosa Golf Club, Singapore. The greatest players from 24 nations will compete for
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  • PERPSECTIVE
    • 2556 9  -  By AMY BALAN AT 82. MR LIEN YING CHOW is not too young to.be a BOY. At an age when most men would be content to stay at home surrounded by his 22 grandchildren, the winner of the 1988 Businessman of the
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  • Page 9 Advertisements
    • 118 9 BUSINESSMAN OF THE YEAR AWARD AND ENTERPRISE AWARD V i WOMDWNX CXPnCSS* Jointly orpnbed by Bu»ln«»Timet «nd DHL lntematfc»«l<S)f»«Ud p h K If you arc thinking of company-"";, -together °< «'^oodG*den o" 3 00 mßowbe"* is die place to g te served. I Singapore styl«e Seafooi^gl^ \1 '°?Spy pTawns l\
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    • 79 9 BRUNO MAGLI m y. 'b- V* r V i ■BK J* SPRMG IS BRUNO MAGU Boutiques: Centrepotnt #01-30 176 Orchard Road Singapore 0923. Tel: 737 4509 Forum Galleria #01 46 583 Orchard Road Singapore 0923. Tel: 732 8961 Open Daily from 10.00 am to 8.00 pm Comers: Metro Grand at
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  • THE ARTS
    • 1206 10  -  CINEMA By ROGER LOH IT'S ALMOST AXIOMATIC In the world of movies that once a filmmaker tastes the success of critical acclaim, the artistry suffers. But such is not the case with 23-year-old Filipino film maker Raymond Red. For six years, he's been actively
      Photo by JEFFREY ANG  -  1,206 words
    • 864 10 NYT A CHICAGO musicologist has quietly completed work on discovery that will make a lot of noise: a hitherto unheard piano concerto by the piano's thundering master, Franz Liszt The concerto, tentatively dated from 1839. was identified and assembled from multiple sources over
      NYT  -  864 words
    • 671 10 MUSIC The Economist MUSICIANS, as a breed, keep themselves out of the headlines; but the most dramatic press conference in Paris for soms weeks wss Mr Daniel Barenboim's on Jan 16. Mr Barenboim, an internationally renowned pianist and conductor, had been sacked three dsys before
      The Economist  -  671 words
    • 671 12  -  BRUCE CHATWIN: IN MEMORIAM By PETER EYRE FT I FIRST SAW BRUCE in the early 1960s when he worked at Sotheby's. I can see him now: a blond cherubic youth with enormous blue eyes, his ears slightly sticking out, running down Bond Street in a
      FT  -  671 words
    • 963 13 BOOKS NYT Edward Lansdale: The Unquiet American By Cecil B Currey Published by Houghton Mifflin Reviewed by Christopher Lehmann-Haupt HE WAS THE MODEL for several famous fictional characters. One of them was Alden Pyle, the well-meaning but blundering CIA agent in Grahame Greene's novel "The
      NYT  -  963 words
  • Page 10 Advertisements
    • 220 10 This Announcement appears as a matter erf record only CD Arab-Malaysian Credit Berhad M$ 50,000,000 Syndicated Revolving Credit Facility Arranger ANZ Singapore Limited Guarantee provided by Commonwealth Bank of Australia, Singapore Branch Credit Du Nord, Singapore Branch Arab Banking Corporation (ABC) Singapore Branch The Mitsubishi Bank Ltd, Singapore Branch Australia
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    • 167 10 AUSTRALIA AN OPPORTUNITY OF A LIFETIME BUSINESS/INVESTMENT SEMINARS Australia is looking for a special type of person to open up a lifetime of opportunity They must possess a track record of business success and must make a substantial financial investment in Australia. If you are such a person then you
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  • Page 10 Miscellaneous
    • 55 10 ODC To the veaf?. rQ v fWMMO STAMMM CO. LTD, 1 tU— 1M« GOOD RIDDANCE NiN£7e£NOGHTYe|GHr SOU HAVEN'T OG6N EXPICTU/ GRCRT Me*r LIFE LO'U- &CMUCH BETTER voo'Rel looKiho p»t r TUL duck rkjd D»ve fMviP scHene pnp hustle ITS R huscie OtO FUDGES JOB IS ON THELiNG So u3f\TtH rny
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  • Page 11 Advertisements
    • 98 11 TODAY WE CELEBRATE OUR GRAND OPENING J'4f IM* f A 'A'YtT {TIT*, 11 Our recent move to the 17th and 18th floors of the Treasury Building underscores our commitment to Singapore. To creating value for our stakeholders customers, employees, suppliers and the community at large by providing superior products and
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  • Page 12 Advertisements
    • 790 12 greetujolD Where to entertain. Simmering, Steamboat Buffet AT MING PALACE 7pm 10.30pm Select from: Fresh Big Sea Water Prawns Garoupa Meat Fish Balls Beef Chicken Cuttlfish Crab Liver variety of vegetables variety of noodles 4 A OMKT MOTEL 1 Tanglin Road Singapore 1024 Tel: *****33 Win Two Return Air Tickets
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    • 214 12 A LUNAR GBimmON INTHf THABmON Of CMPCROKS Welcome the Lunar New Year with colourful festivities and fun at the Mandarin. Toss to prosperity with a traditional Yu Sheng dish (Feb 5-20). Celebrate this special occasion with a sumptuous dinner and great entertainment at our restaurants and lounges. And don't miss
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  • Page 13 Advertisements
    • 217 13 ilolu SI ■i i s: ts: f I Traditionally Japanese. Traditionally Unkai. Sample the delicacies of Japanese cuisine, sushi, sashimi and teppanyaki. Four tatami rooms are available for private parties. Located on the 2nd floor. Open 12 noon to 3 pm. 6.30 pm to 11 pm. Century Park Sheraton Singapore
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    • 45 13 The Great White Green Gold. A delightfully dry white wine from the Moselle region in Germany. Great with seafood, white meats and salad dishes. 3) r N m I Sj* WI wt •w If a £WIN€ h K' -vJeimarr weirasW j 1986 QUALtT/ITSWEIN Mosel-Saar-Ruwer greeiugolD
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  • Page 13 Miscellaneous
    • 665 13 CRYPTIC PUZZLE ACROSS 1 Great pictures of mixed spice? (5) 6 Room one may be rocketed into? (5) 9 Optimistic flight on the wrong fuel (7) 10 Only a sucker would drink with one (5) 11 Deceives the birds at Brighton, etc (5) 12 Think of something nice (5) 13
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    • 1336 13 W tIEE) SMDQ© How to cope with stardom OUR CHOICE ENTERTAINMENT THIS WEEK, Channel 5, 10.35pm A glimpse of the coming movie, Batman, end en interview with 80s eter Kathleen Turner ere the highlights of tonight's segment. Turner telle how she handles that burden celled stardom, while viewers just might
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  • SPORTS
    • 1046 14  -  TENNIS By BARRY WOOD IN WINNING the Australian Open yesterday, Ivan Lendl reclaimed what had been on loan to Mats Wilander his world No. 1 ranking. The Czech beat compatriot Miloslav Mecir 6-2, 6-2, 6-2 in a match that was disappointing because there was
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    • 433 14 BASKETBALL AP RON ANDERSON scored eight of 2S points during a 17-6 run at the start of the fourth quarter as the Philadelphia 76ers overcame the abeence of Charles Berkley to defeat the New Jersey Nets 123-105 last Saturday. The victory was
      AP  -  433 words
    • 63 14 ATHLETICS Reuter THE INTERNATIONAL Amateur Athletic Federation council, meeting in Singapore, yesterday passed a rule that would ban South African-born athlete Zola Bodd for two years from international meets. The rule, which must be approved by member countriee, bars South African athletee who emigrate from all competition
      Reuter  -  63 words
    • 260 14 CRICKET AP AUSTRALIA was on the brink of an upset victory at the close of play on the fourth day of the fourth Test with the West Indies at the Sydney Cricket Ground yesterday. Austrslian captain Allan Border struck once again with his
      AP  -  260 words
    • 299 14 GOLF UPI NICK PRICE, his competitive spirit revitalised by a nineweek hiatus due to an injured thumb, gave himself a birthday present last Saturday a share of the lead at the US$l million AT&T National Pro-Am. Price overcame stiff Pacific breezes end lightning-fast greens to
      UPI  -  299 words
    • 261 14 UPI DEFENDING CHAMPION Nancy Lopez birdied the 17th hole on Saturday for a three-under-par 69 at the US$3OO,OOO Oldsmobile Classic to tie second-round leader Beth Daniel for the lead with a 54-hoie total of seven-under-par 206 entering yesterday's final round. One stroke behind in
      UPI  -  261 words
    • 411 14 HORSE RACING ALYSHEBA, who won major racee from coast to coast in the US last year and become the richeet rece horse ever, has been named thoroughbred racing's Horse of the Year tor 1966. The popular Son of Alydar garnered 179 of the
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    • 239 14 SKIING AP ALBERTO "THE BOMB" TOMBA arrived for the world alpine ski championship® in Vail, Colorado, proclaiming he is still the ski "messiah" although he's producing fewer wonders than last year. The 22-year-old Italian, a double Olympic gold medallist who is
      AP  -  239 words
    • 321 14 YACHTING AFP Reuter AUSTRALIAN lain Murray won the A 5600.000 (U*****,060) 12m yacht match challenge series after American Dannie Conner ran aground in Sydney Harbour yeeterday. The preeeure was on Conner to win yeeterday'a final two racee to take the seriee. but a
      AFP; Reuter  -  321 words
  • Page 14 Advertisements
    • 415 14 FIRST COMMERCIAL BANK (Incorporated with limited liability inTaipei.Taiwan.R.O.C.) BOARD OF DIRECTORS Chairman of the Board Hsiao-Ao Chen Managing Directors Kuang-Ruev Hwu. K.H. U, P.C. Lei, Tien-Mao (hen. DWecton Kenneth B.K. Tsan. Victor K. Chang. Tzyy-foe Chern, W.P. Tzeng. C.H. Yu. Yang-Jen Huang. B.F. Yang. Y.T. Huang. C.L. Wy, Comparative Statements
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  • COMPANIES & STOCK MARKETS
    • 660 15 mm™ HOCK LOCK SIEW WHEN the whole market comee to lite pushing stocks in every sector shead. it can be difficult to see those that are outperforming strongly. But UPP, the producer of paper products, has drawn attention to itself because of the ultra high
      HOCK LOCK SIEW  -  660 words
    • 240 15 Bernama KESANQ CORPORATION Bhd, a diversified company, entered into a memorandum of commitment over the weekend to establish a joint venture with an Australian company, Avantgarde Mining Corporation, to mine tor gold and other precious metals and stones in the Philippinee. In a press
      Bernama  -  240 words
    • 136 15 Bemama INNOVEST IBAE, a subsidiary of Innovest Bhd, and its associate company Sun Metal Works Sdn Bhd have made a major breakthrough in the highly specialised process pressure vessels market. A spokesman of the group said the companies had in recent months jointly secured a large quantity of
      Bemama  -  136 words
    • 393 15  -  SES rejects listing of new shares By ELAINE KOH BONVESTS HOLDINGS Ltd has failed In its second attempt to buy tha Orchard Building, which it was going to finance through the issue of new shares. This is because the Stock Exchange of Singapore has turned
      393 words
    • 152 15 SINGAPORE PRESS Holdings Ltd (SPH) has obtained in-principle approval from the Stock Exchange of Singapore for the Hating of its hived-off subsidiary, Times Publiahing Lid. An introductory circular on TPL, iaaued in relation to ita listing, will be sent to shareholders with the TPL certtficatee, said
      152 words
    • 550 15 NST BATA (Malaysia) Bhd, under new managing director Keith Weston, is expected to redouble its efforts in exporting its shoes and also enhance its leading position in the domestic market. Mr Weston, a Canadian, took over from Michael Bonhomme
      NST  -  550 words
    • 341 15 Bernama INTERNATIONAL fund managers have adopted a different strategy after the 1967 October craah, going more for short and medium term inveatanents, a securities seminar in Kuala Lumpur was told on Friday night Mr P H 6 Lim, president of the Malaysian Investors' Association
      Bernama  -  341 words
    • 130 15 Reuter THE WILKINSON Process Rubber Co Bhd (WPRC) has proposed a bonus issue of one share for every three shares held by capitalising a sum of M 55.16 million out of the general reaerve account of the company. WPRC noted that thia would bring the paid
      Reuter  -  130 words
    • 293 15 Bernama INVESTORS should adopt a defenaive and prudent strategy this year, based on capital protection, reasonable returns and aaaet growth, aaid a Singapore stockbroker. "it could also be profitable to follow selected situational stocks, though broad-baaed speculation should be avoided." managing director of Sun
      Bernama  -  293 words
    • 156 15 Bernama HEXZA CORPORATION Bhd has said its independent board members have proposed that the company or one of its subsidiaries take up the call option granted by Seong Jaya Sdn Bhd to purchase a piece of land in the Mukim of Sungei Raja
      Bernama  -  156 words
    • SES
      • 1473 16  -  r- i Singapore P k J 4 By MICHELLE OH THE local market had a good bull run last week interspersed with short breathers of profittaking. The market set a new daily high for volume traded this year on Thursday and Friday, while
        1,473 words
      • 119 16 CYCLE CARRIAGE LIMITED: 20th AQM at the Royal (level 1). The Regent Singapore. 1 Cuacaden Road tomorrow at noon. HONG LEONQ CREDIT BERHAD: 19th AGM at the Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Tun H S Lee, ***** Kuala Lumpur tomorrow at 11.00 am. THE
        119 words
      • 5806 16 1M High 1/88 Low To! Codo Compony Loot Solo JAN 27 +ocVol (•000) W High ook Low Loot Q Buyer I vote Qr*o Dtv Dtv Cvr Qr*o rid Not P/E M Cop SmM SESDAQ 187 120 170 60% 110 130 78% 198* 144 92 136 126 122
        5,806 words
    • MARKET REVIEWS
      • 919 17 m Wf j New York y NYT CAPPING its bMt week in eight months, the US stock market surged ahead last Friday on buying by both American and foreign institutional investors. Traders said buying was encouraged by the stronger dollar and by
        NYT  -  919 words
      • 882 17 Msjl K.Lumpur J MBT THE Kuala Lumpur stock market reversed its downswing last week ss bulls regained vigour from midweek to send pricee to a post-Crash high level in moderately active trading. Intereet was concentrated on blue chips while most lowerpriced issues were
        MBT  -  882 words
      • 349 17 r1 f\jSydney M AFP OFFSHORE investors headed for mining stocks in a week of solid trading on a firming Australian share market last week. Statton Securities broking analyst Cameron Williams said the market was firm in the wake of Wall Street rises, with overseas
        AFP  -  349 words
      • 365 17  -  Compiled by JULIANA TAY Week ended Jenuary 27 CORPORATE DEVELOPMENTS The Stock Exchong* of Singapore said the trading room will be dosed on Feb 6 ond Feb 7 for Chinese New Year. Cold Storage Motaysia Bhd, a 42% associate of CoW Storage Holdings, has teomed up with Bandar
        365 words
      • 891 18  -  r— 1 inml London A By RAY HEATH LONDON, the shambling also-ran of the world slock markets in 1968, completed its metamorphosis into champion hurdler last Tokyo and New York markets were buoyant, but London left them both behind, leaping over such apparent obataclee
        891 words
      • 843 18 T7 L I Hongkong M DBS Investment Research AFTER stagnating for much of last week, the Hongkong bourse put up strong finish towards the end of the week. The Hang Seng Index closed at its seventh post-Crash high this year. Activity waa
        DBS Investment Research  -  843 words
      • 319 18 !l T k v° s AFP SHARE PRICES rose sherply on the Tokyo Stock Excnange iasi woo* wrtn doui market berometsrs finishing st record highs. The Nikkei Stock Aversge or £a setectea msuss on ths mafor first sscMon closed ths wssk at 31,679.07 yen
        AFP  -  319 words
      • 761 18  -  By RICHARD HARRIS Enskilds Securities THE German market ia always excitable during the week that the Siemens results are published. The reeults from this European electronics giant very often set the scene for market sentiment for weeks to come, partly becauae their end
        Enskilds Securities  -  761 words
      • 64 18 Company RIGHTS ISSUE G*a*toI Corp $49 JO*.936 Winn! amount of 8% CowvwiWe Uwcufd low Stock IM/93 oa th» bath el $2 iwtaol aaouttf of toon itoda for *w«ry 3 GCB ihorw of $1 •ocfc or $2 WOfWOl QBOWAt of CUiS 1966/93 for OMry $7JO »oilwol aaou* of 1967/W
        64 words
      • 321 18 Company RIGHTS ISSUE C 1 Holdings 27 mMon loan stocks i« tfce raHo of $3 loan slock for ovary ftva ordUory Causeway Inv hsua of $7252. TO nominal amount of 4% loan Slod IW/94 on tfcn basis oi $1 iwlnol (Mount of loan stock wttk two TSfc for
        321 words
      • 515 18 LAST FULL YEAS Cowpowy htM Da* Year n« en Oram NM announced mdhg (cane) dK profit Ion ytor ($•000) S#j PrapwKn Interim Jul 30 Oct 88 0.9 1.0 2J08 Alcorn Interim Sep 22 Dec 88 I9D4II Leong Huot Interim Sop 29 Dec 88 5351 1 lli Interim Oct
        515 words
    • WORLD MARKETS
      • 275 19 New York Reuter US SHARE PRICES on Friday cloeed at new poetCrash highs for the fourth consecutive day, ending the best weekly gain since June. President George Bush ignited the rally by calling for a corporate gains tax cut and a hands-off policy on corporate debt,
        Reuter  -  275 words
      • 867 19 London AP LONDON share prices rose sharply in extremely heavy trading on Friday as a favourable British trade report fuelled already positive investor sentiment, dealers said. At the cloee, the Financial TimesStock Exchange 100-ehare index was up 46.1 points, or 2.4 per cent, at 2,005.9.
        AP  -  867 words
      • 767 19 Reuter DRIVEN BY FEAR of being locked out of a "fortress Europe" and squeezed by peer preesure, Japanese car makers are accelerating plans to set up production bases in the European Community (EC), industry analysts said. They said Friday's announcement that
        Reuter  -  767 words
      • 164 19 Reuter THE UK Accounting Standards' Committee (ASC) has said it will discourage companies from Including revaluations of intangible assets such as brands in their balance sheets. The ASC said in a statement that it was taking this view in the sbeence of a generally
        Reuter  -  164 words
      • 1191 19 Amsterdam JAN 27 Ft Abn 43 8 4-0.6 Aogon 94.9 1.7 Ahold 94 8 -0.1 Akxo 156.7 +1.3 Amov 55.6 +0.1 Amro —83.7 unch Am. Stod 152.5 -0 5 B<*142.0 +1.3 Bonumy 132.6 +0.1 Bmhrmon T«tt«rod* 63.2 +0.6 Co»v« CM 66.2 +0.4 ftiito 66 7 +0.2 Fofckar 302 +03 h
        1,191 words
      • 502 19 Signs point to rise of 10-20 pc Reuter THE NEW ZEALAND stock market, one of the hardest hit in the 1967 share crash and one of the grogQiest afterwards, is set for s strong run in 1968 after shaking off the country's worst
        Reuter  -  502 words
      • 145 19 AFP AUSTRALIAN publishing group John Fairfax Ltd has completed a Asl.s billion refinancing package with Junk bond specialists Drexel Burn ham Lambert Fairfax group managing director Ron Cotton said the package Involved a mix of facilities to meet the group's commitments. The sgreement refinances debt provided
        AFP  -  145 words
      • 427 19 Reuter FINANCIAL community curiosity over the acquiaition policy of Britiah Steel pic hardened Into rife speculation that it could be Interested in s West German firm, sscuritiea analyata aaid. The catalyst waa comments on Thursday from Kloeckner-Werke AG chief executive Herbert Glenow. He
        Reuter  -  427 words
  • Page 15 Advertisements
    • 384 15 CURRENCY INVESTMENT A MIRK \\l Xl'Klss MWK TEL: 321 3333 EXCELLENCE IN SERVICE EXCELLENCE IN PEOPLE EXCELLENCE IN TECHNOLOGY Singapore Telecom An Organisation of Excellence At Singapore Telecom... we work to give Singapore the most advanced telecommunications infrastructure possible, to support her goal off being a Total Business Centre. We
      384 words
  • Page 15 Miscellaneous



  • Page 18 Advertisements
    • 583 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 80 AND SINGAPORE OFFSET PRINTING (PTE) LTD ON VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETINC NOTICE la hereby given pursuant to Section 306 of the Companies Act, Cap. 50 that a Final Meeting of the Members of the abovenamed Company will be held
      583 words
    • 368 18 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND COLOUR CARDS PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE Is hereby given pursuant to Section 306 of the Companies Act, Cap. 50 that a Final Meeting of the Members of the abovenamed Company will be held at
      368 words
    • 456 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 80 AND IN THE MATTER OF SFE SYSTEMS PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY .j |j ij iCrr" AT an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 5 Beconsfleld Close. Dorrldge, W. Midlands
      456 words
    • 0 18 ->`?>%:*}=`{&&;=`\?~:/=>?!%,(**
      0 words

  • Page 19 Advertisements
    • 29 19 M#w York prtcaa mrt not available \t>e nnoM B. (vnoVO T> B 111 v^eoWN WB ?»>< ,\'yj< VJ g<op^ c fvotue^™ iMft iv 11JU 1^ 3 CSyS IK airnSZESMI HI
      29 words
    • 0 19 (!/;'^}((.<:[>-!|[.%-=!{;\'$^@;
      0 words
    • 517 19 tersrs HMPB Harrisons Malaysian Plantations Berhad (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Harrisons Malaysian Plantations Berhad will be held at the Theatrette, Ground Floor, Bangunan MIDF, Jalan Tun Razak, ***** Kuala Lumpur on Monday, 20th February, 1989, at
      517 words

  • 234 20 TRADE ASSOCIATIONS who traditionally vote within their own clans have crossed clan boundaries in the latest election of 20 trade association members to the Chinese Chamber of Commerce council, said president Linn In Hua. In a statement yesterday, Mr Linn, who is
    234 words
  • 163 20 UPI PHILIPPINE President Corazon Aquino said yesterday that she had offered to do a commercial for the JC Penny chain of department stores in a bid to sell US$2O million worth of Philippine products in the US. In her weekly radio call-in show,
    UPI  -  163 words
  • 371 20 AFP AUSTRALIAN businessman Alan Bond's holding company said yesterday that it had rejected an offer to buy its 66 per cent stake in Bond Corp International Ltd for HK$2.4 billion (US$3O6 million). The offer of HK$3 (38 US cents)
    AFP  -  371 words
  • 212 20 Reuter LECH WALESA has said that Solidarity wanted next month's talks with the government to focus on dismantling power monopolies in communist-ruled Poland. He told a news conference a day after authorities agreed to start the talks on Feb 6 that Poland's economic, social
    Reuter  -  212 words
  • 145 20 UPI SOUTH KOREAN authorities have ordered a nationwide crackdown on the use of bogus trademarks and other violations of intellectual property rights which have been upsetting domestic business order and causing international trade friction. The prosecutor-general's office on Saturday ordered stepped-up vigilance until June
    UPI  -  145 words
  • 486 20 AFP PRINCE Norodom Sihanouk said yesterday that he was willing to give up his demand for an international peacekeeping force in Cambodia but not his insistence on the dismantling of the Hanoibacked Phnom Penh regime. In a cable sent to his son Prince Norodom Ranarridh in
    AFP  -  486 words
  • 341 20 AFP THAILAND may ask China to rein in the powerful Khmer Rouge amid fears of tension with the Cambodian resistance group after Phnom Penh Premier Hun Sen's visit to Bangkok, Thai and diplomatic sources said yesterday. Oiplomats said the Khmer Rouge
    AFP  -  341 words
  • 99 20 AFP THE PRICE of Japan's prime land rose by an average of 28 per cent last year, equalling the record increase of 1971, the Japanese National Tax Administration Agency has announced. The increase was up 4.2 points from 1967, according to the estimated price
    AFP  -  99 words
  • SATURDAY ROUNDUP
    • 153 20 A quick look at Saturday's main news THE GOVERNMENT programme to teach English and Chinese to pre-primary schoolers from dialect-speaking homes hangs in the balance. Education Minister Or Tony Tan said on Saturday that the government would decide soon whether to scrap the programme, or
      153 words
    • 119 20 THE ROLLERCOASTER fortunes of Anthony Garden are coming to a halt. The Housing and Development Board is selling the 196-unit housing estate lock, stock, and barrel in an open public tender later this year. The HOB said this would allow the buyer to redevelop the flats for private
      119 words
  • 188 20 UPI PHILIPPINE Foreign Secretary Raul Manglapus said in an interview published yesterday that it was "wishful thinking" to expect vital US military bases to stay in the Philippines permanently. Mr Manglapus told the Manila Chronicle that even Defence Secretary Fidel Ramos believed
    UPI  -  188 words
  • 372 20 VIETNAM is considering opening the sprawling Soviet-operated military port of Cam Ranh Bay to all countries, including the US, says an American senator in contact with Hanoi diplomats. Republican Senator Frank Murkowski of Alaska also told reporters last
    372 words
  • LATE FILE
    • 40 20 AFP JAPANESE Premier Noboru Takeshita was heckled over his Liberal Democratic Party's involvement in a slock trading scandal when he went campaigning yesterday in the southern Japanese city of Fukuoka for an Upper House by-election. AFP
      AFP  -  40 words
    • 50 20 UPI THE Tibetan leader Panchen Lama, the highest ranking Tibetan Buddhist leader in China, died of an apparent heart attack while in the Himalayan region to attsnd a religious function. He waa 50. It was not immediately clear what impact his death would have in Tibet UPI
      UPI  -  50 words
    • 42 20 Reuter THOUSANDS of demonstrators chanting "Old Thievee, Gat Out" marched through Taipai yesterday to demand a general election for a new Taiwanese parliament. A procession of open-backed trucks carried effigies of legislators from the ruling Nationalist Party. Reuter
      Reuter  -  42 words
    • 40 20 'Invasion of South Lebanon planned 9 Reuter PLO LEADER Yasaer Arafat believes Israel is preparing to invade South Lebanon to distract attention from the occupied territories and derail Middle East peace moves, a Danish opposition leader said in Tunis yeeterday.
      Reuter  -  40 words
    • 52 20 Reuter A LEADING Paleetinian nationalist jailed tor six months without trial was freed yeeterday and said he did not rule out a ceasefire in the 13-month uprising and elections in the occupied territories. Faisal al-Husseini was held in an Israeli jail for 18 of the last 21
      Reuter  -  52 words
    • 33 20 'Gorbachev could be ousted 9 AFP NATO Secretary-General Manfred Woerner said in Munich yesterday that the Weetern alliance could not afford to ignore the poeeibility that Soviet President Mikhail Gorbachev might be oueted.
      AFP  -  33 words
    • 56 20 AP AUSTRALIAN Prima Minister Bob Hawk* arrived in Saoul yesterday tor a tour-day official visit on the first leg of an Asian tour thst also will take him to Thailand. Pakistan and India. Prime Minister Kang Young-boon and other South Korean officials greeted Mr Hawke on
      AP  -  56 words
    • 65 20 AP PAKISTANI by-elections confirmed the strength of Prime Minister Benazir Bhutto's People's Party, but the conservative opposition succeeded in electing one of its leaders to Parliament official results showed yesterday. Ms Bhutto's left-leaning Pakistan People's Party won four national seats in Parliament and the opposition
      AP  -  65 words
  • Page 20 Advertisements
    • 462 20 Free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available 1. Motor car dealers are talking of an unusual confluence of factors that is producing quirks in sales. 2. Two statutory boards are helping industries talenthunt Asian graduates, particularly Singaporeans,
      462 words
    • 164 20 Computerised investment research for the Stockmarket Investamatic enables Fundamental and Technical Analysis to be conducted on all stocks listed on the SES and KLSE Fast, versatile and comprehensive programs with high-resolution graphics enable you to monitor market trends and make timely investment decisions. Four fully-integrated modules to choose from for
      164 words

  • SHIPPING TIMES
    • 364 21  -  By LILY FERNANDEZ A SINGAPORE shipyard Fairey Marinteknik Shipbuilders (Singapore) has secured a US$9 million contract to build two 306-passenger catamarans. A reorganisation of its parent company, the Hongkong-based International Group Fairey Marinteknik, has resulted in a new name for the three companies within the
      364 words
    • 322 21  -  By LINDA CHEE SWISS shipping line Morula has selected LN Shipping as its partner in the line's agency outfit in Singapore. LN will hold a 60 per cent share of Noraaia Agencies (S) Pte Ltd through LN Holdings, while Norssia Line
      322 words
    • PORT SIDES
      • 90 21 THE TRANS-LINK group has been appointed general agents for Nordlsk Transport's traffic from Sweden. Nordlsk Transport is one of the top three forwarding companies in Sweden for surface transportation by road, rail and sea. Trans-Link Express now represents the Swedish forwarder's traffic from Sweden to
        90 words
      • 86 21 Reuter A SHIPPING company sat up by six Arab states has decided to re-admit Egypt to its board of directors, the official Iraqi news agency INA reported. The Baghdad-based Arab Maritime Transport Company had suspended Egypt after its 1979 peace treaty with Israel. INA also
        Reuter  -  86 words
    • 630 22 Reuter THE WAR-BATTERED city of Basra remains hostage to peace talks with Iran while Iraq develops other ports that will enhance its trade routes to the Gulf. Baghdad said earlier this month that Basra had re-opened, but shipping executives said the port
      Reuter  -  630 words
    • 965 22 AMtrow IV 1 AC T oopfer n S Aaortcon Tp» I 4 Anro Swvk* IV 2/3 Arrow linos a S Anon Ocoon n 4 Assoc Corriogo n s AMI I i/a AfC l*o V 4 Aft 2/3 ASCI M 1 Arias lino I toH Conodo l«0 VI
      965 words
    • 205 22 Reuter MANAGERS of a railway built to fraa landlocked southern African nations from dependence on South Africa are worried about a rapid drop in the volume of freight it is carrying. Freight volume on the Tanzania Zambia Railway (Tazara) fell to 92,000
      Reuter  -  205 words
    • 310 23 HONGKONG is likely to retain its premier position as the world's busiest container port, says a report in the South China Morning Post. It based this on the projected throughout of at least 3.96 million TEUs for 1988. According
      310 words
    • 91 23 Reuter A PORTUGUESE supertanker has been sold to a Norwegian company for US$46 million after a troubled history of bad timing and construction delays, a spokesman for owners Soponata said. A construction contract for the 323,000 grt Nisa was awarded to the state-run Se- tenave
      Reuter  -  91 words
    • 727 23 TWO bulk carriers, ths 1980-built Anny Petrakls and the 1982-built Themlstodes Petrakls. both 25,600 tonnes dw, were reported sold to US buyers for US$l4.5 million on bloc. Other bulk carrier sales included the Sumatra of 77,300 tonnes dw and built 1982 to Nowegian interests for US$l7.5 million, the Bsagi
      727 words
    • 1282 28 REPORTS circulated the market on Thursday that Soviet Union charterers had fixed two vessels on time-charter for trans-Atlantic voyages commencing January, brokers said. Soviet charterers Sovfracht could not confirm the deals, but one vessel is understood to be the 1977-built Eldorado of 28,819 tonnes dw which was fixed
      1,282 words
    • 8516 28 Ew OeMMg, turywn Jan 17 MMg PrngreM. Vang MMg. Jm 2* Own He. CMna OcaM Shoe. Jm 20 KuMI. MmmH Jm 2»Fab 2 Ndwn. ScanOutctit Jm 3a VM da Vega CM ffAlnlwirt. Jm 31 Hlpponleb. Trtot. Fab 1. Hongkong Eiprooa Trtot. Feb
      8,516 words
    • 1105 28 AT CONVENTIONAL WHARVES JURONO PORT '••Ml KEPPEL Negf-vm-vvia Oadu Uta. Equator V Koto bria l» Potolwg l. Pvtobng 3 4 Tl>n—irm Ho.foo«Q Koto Ma|« Koto Mogafc Koto Wo«g. KntMaMo tan* Broote Wnt Two *-W' PASM P/ Odl Mo* Ho«g Woo* Hoog $oon Nwgo 42 W«s Star Trodw
      1,105 words
  • Page 21 Advertisements
    • 785 21 vV .o^' TIMES STP Distributors OOCL JAROIME SHIPPING AGENCIES (NEW CR-NO IS 3M*****888C) \lllf/ 200 Cantonment tod #12-05 Soumpoint, Swpon 0208 t«i mm rrir* uo o« vim T«i *****11 TELEX NO RS ***** TERMINAUCFS Td *****11 220 BOOKINGS Til *****34 235 PCSAKA JAR DINE SNIPPING AGENCIES SON. BHD POUT KOMI
      785 words
    • 72 21 THE WAR-RATTERED dty of Basra remains hostage to peace talks with Iran while Iraq develops other ports that will enhance Its trade routes to the Gulf. P«g« II HONGKONG Is likely to retain Its premier position as the world's busiest container port, says a report in the South Oilna Morning
      72 words
    • 865 21 SINGtf 0 S ftCf STP Distributors -#1 MAERSK LINE eta rro K*Mng DESTINATIONS LAM M LAURA M TMa <Mt Uca M. C CY MTI I*oo MM cfs »i ne» hrs lams M LAURA M Tkto «Mk M Ptm CY V 3 2300 HNS CFS V 2 1300 HRS ARTHUR M
      865 words

  • Page 22 Advertisements
    • 745 22 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT HAMBURG BfIEMERHAVEN ROTTERDAM/ ANTWERP P KELANG SOUTHAMPTON LIDOAiJIr A HONGKONG EXPRESS 3W 1 in ALSO ACCEPTING CARGO TO: ALL UK INLANO OESTINAT AMSTE LE HAVRE 23/2 2S/2 4/3 an 15/3 22/3 24/3 CONTAINER SERVICE FROM UK/CONTINENT VOY NO. HAMBURG BREMERHAVEN ROAM/ SOUTH- KAOANTWERP LE HAVRE
      745 words
    • 93 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. Sf C SAV Corrpjnu Sud Americana dc Vjpores S A T" TO/FROM CHILE FEEOCR S PORE HOTI4ER VESSEL «ssel MK VORO MICA HN ANTOfVALP SAI csav i mi CSAV 2 17/2 CUV) 4/3
      93 words
    • 496 22 NOTICE BIS Ntxxlisk Transport take pleasure in announcing the folowing appointments as agents for its traffic from Sweden: Singapore Tram-link Expreee Pit Lkd Malaysia ANed-Unk Expreee Pie Lid Brunei Trano-Unk Expreee (B) Bdn Mid i Nordisk Transport Sped it on AB operate worldwide transport services through their 21 offices in
      496 words

  • Page 23 Advertisements
    • 935 23 n The Straits Steamship Group VH> P&O Containers STRAITS SHIPPING Singapore to Sabah, Sarawak. Brunei Ports and Bangkok CONTAINER SERVICE TO UK CONTINEN w TV TH TU TH Abo Accepting Cargo Fori to CtpMftapn, Aerkue, Mm :to Breaaa PEGASUS PIONEER PEGASUS PROGRESS WWW BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL *****80
      935 words
    • 782 23 APPOtfTMENT /u% Organisation Technology Re. Ltd. L J Specialist Consultants in Human Resource and Organisation Development Search and Selection Psychometric Assessment SALES EXECUTIVE (SEA FREIGHT) Our client, a successful shipping organisation seeks a dynamic and qualified professional to join its team. Candidates will ideally be in their late twenties or
      782 words

  • Page 24 Advertisements
    • 406 24 mSINOSE u MARITIME PTE LTD m ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN MEELAD PJL t/2 IRAN TAKNTI PJL 173 KYOWA LINE IUTNCR VSL KYOWA VIOLET V.23 KYOWA HIBISCUS V.35 10AO FOR: VILA, NMA, LTK, SUVA, PAGO, APIA VILA. NMA. LTK. SUVA. PAGO. APIA LZ LLJ 21J iAi KBE LOAD
      406 words
    • 926 24 (2) HANJIN SHIPPING CO., LTD. f TO EUROPE VIA SUEZ i: i'<>N FAIN! HIsKI> flVh iTO USA PACIFIC SOUTH WEST »n rn pott M fmiui PW.ma w«i w UI ub m M MR w an IM fO PACIFIC NORTH WEST CANADA M lit PO«T W MM. PUS I*3 MW. PUS
      926 words
    • 548 24 EVERGREEN Full Container SV r Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) WW GRAHO UK IVK H :'CJ M iw rffi m Hi Hi alia accepting cargo to: i- m« mm am ism nm tm mm 0 22J2SK MMTOR PHILADELPHIA. NORFOLK. JACKSONVILLE. MUNNCTON MiMUOA (TC 0 ATLANTA. CMCAOO. OCTKOIT. COiUMUS OTHER MAXM WCMMIOCf
      548 words

  • Page 25 Advertisements
    • 837 25 41 PACIFIC INTERNATIONAL LINES \V\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE sm i/a M 1M 10/3 32/3 2*2 SIN in 1/2 1217 SIN MY MM SM ta PI 91/1 9M 21/1 2/2 17 9/2 M MM
      837 words
    • 462 25 \rm BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT VNM ruJUN STON HAN I'HA VIA IfMN NAVH an aa nn no mm m m m im m mm m w m m m m mm— v» W MR 40 MP 120 m U0 mm w vn m m aa is
      462 words
    • 340 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYI P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CQNTAINERSMIP SERVICES I'Hll.lil m ANTWERP ROAM/ADAM Port Said, Port Alexandria, Genoa. Trieate. ALSO ACCENTING BOTH CONTAINERS, CONVENTIONAL CARGO VIA T/S TO UK POUTS. HULL, LI HAVRE. OSLO. COPENHAGEN, AARHUS, GOTHENBURG
      340 words
    • 279 25 BOUSTEAD SHIPPING AGENCIES 1^ VUW PAGAN VI37W NTONCYWAVMIV BURMA FIVE STAR SHIPPIHfi CORPRBATIfHI (Burmese National Line) Loading for Rangoon S port PJtelMf Penan, Bang im am j* m Jmtfl F«k 1/3 Fak BANK UNE IVY BANK VSN TAUSALA SAMOA VI4M MORAYBANK V7N SPORE ROAM HULL MM In Pt 23/2 2/3
      279 words

  • Page 26 Advertisements
    • 740 26 lil KAWASAKI KI St KAISHA. Ill) K i INK AMBASSADOR MIDGE ORIENTAL FAITH ORIENTAL FORTUNE NEPTUNE JADE H. BRIDGE VIE/ FORTUNE VIA fiiOCR AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JAOE ORIENTAL FAIR VIA FEEDER IHHHMHMI FEEDER VESSEL AMBASSADOR BRIDGE ORIENTAL FORTUNE NEPTUNE JADE NUMBER BRIDGE VOY LB 20 24/12 12 31/12
      740 words
    • 228 26 hbbbn fa tt ft A M GOLDENWAY MARITIME SDN. BHD. ETA SWEE ANN SATU V 2/89 In port MARITIME No.l V 2/89 29/1 NEW LINE No.l Vl/89 15/2 6A, lorong Cempening, off, Jin. Berangan, Port Klang, *****, Selangor. Tel: *****00. *****84 t *****88 Fai No: *****64 Telex No: MA *****
      228 words
    • 438 26 M*Jug^u AUSTRALIA EXPRESS CONTAINER SERVICE INDIA EXPRESS CONTAINER SERVICE fCUFCL C«MMn Sjnpoort Mrtni Pananf laaOff* tar Maftar <N By Faadar By Faadar ALIO A3 V 40H 10 Fab if* Iht CaMabo/KandM/Ba JLStDAS VJ9H 5 Mar 1 Iter 1 Iter UmMIMM AUOAS V.4IH 4 Apr 21 Mar 21 Mar CotamtxvKwdU^o JLSIOAS
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    • 532 26 GOLDEN LINE GUMI GIMN SWUNG (Fit) LTD ft kwm ltr—t SMCAfOM «M TIL UUM (It LINCS) fm UtfiM STRAITS/PERSIAN GULF SERVICE QOUU IWWT W—MJuUifl—« H SMJEN NONOO ri iTIT n CM HA UKVKI $7* 2IWU CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA ll Ml. Vi >
      532 words
    • 337 26 nirrmvi iuiua>, monaay, January PHIU OnKNT LINfS PTC LTD HfAC OffiCE 53 "08-NSC'* fIC*D -3" 45 IUILOINC SINGAPORE 01C" Ult* HS Pk'll fit ;)W'« I i rm rui ..JI-/ ■■jr-.-nrm rm mt< t.'lß :F Ifl -1» Jfi ■.-■ll-1 ,-T 7 Jlf < BT'TT KMA, TAMATAVE, P. SUDAN. ■fUNION. TAMA. P.
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  • Page 27 Advertisements
    • 496 27 Ajwtj S port NEPTUNE AGENCES PTE. LTD. Cmrai Bookings Bookings Enqwnei Ft EU/AUST TPA/S& 27W77 27*5753 *****42 *****U *****11 *****16 *****41 *****44 Tcrmral 2212Q22 CfS *****53 NEPTUNE P.KKN« x*w NEPIME SOU BHD .v«r wia*? ;awc" *****1 CTWt (27C52 EXPORT IMPORT PEBDEB VBL N. Ivory 06N N. Emerald 02N N. Ivory
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    • 249 27 4 DOHA* HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE *0 P KELANG PENANG KEELUNG. BUSAN INCHON VMMi'ttaM ITO BSS'POftE nu.B KKK BUSAN MO JI *DRAGNCT/MN 2VU «2-«* 21/1-1/2 M-17/B 17*2 taORIA/MN 2VOI MjRMfH 17-17/12 S-W 22*2 «NOl OONAM/m 3*ol U-*****7 11/H »2«K MAS NO I DONAM/V2N OS/U lft-21/K 22-21/H
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    • 131 27 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) POUT KELANC PENANG on* *P *P OTHER PORTS JE CNTR LINE (P KELANC) TEL (03) *****03 JE CNTR LINE (PENANG) TEL (04) *****6 *4 *2 1/2 i 22/2 1/2*22/2 INDIA/S.E. ASIA PT LCL/FCt S*rvfc» To COLOMBO. KARACHI, CHfTTAGONG. BOMBAY. MADRAS ft CALCUTTA
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    • 742 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 ***** PtNANG P. KELANC MESSRS HAI THONG SNIPPING 127 fWfStreet. Penjnt Malar** I*s HANOI INC SYSTEM CO SON
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  • Page 28 Advertisements
    • 213 28 SINGAPORE SHIPPING CORPORATION (PTE.) ITO. TIL 225 6868 (34 Laws) FAX *****39/*****76 TllfX RS ***** A/B SSCMA. RS ***** A/8 SSCAO r DSR-LIMES EB DEJTFRACHT SEEREEDEREI ROSTOCK < INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN A NORTH CONTINENT EUROPE W LMMACA: ACCEPTIRB CAMO FOR UNASSOI, KMUT, LATTAKIA,
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    • 76 28 \l T.S.K. LINE l\ TO TAIWAN ft JAPAN WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAi HAKUSAN II CONTINCNT VU KABUKI VU HCMKS Aa VU MAKUSAN II VJ CONTINCNT VU KAMJKI VU FROM JAPAN ft TAIWAN MAKUSAN II VI CONTINCNT VU IBaEJCJCJEaHZiIEU^TTM' HCMKS ACC VU HAKUSAN II V] TWOJNE AOEMCKB (8)
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  • Page 28 Miscellaneous
    • 146 28 Y Regional Weather n V: I r 4 i 4 1 c« SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO AM. Jsn 90, 19M Wnd drcction <mh ip**d n knota WavahMght UtWB: R TNnhmam. T««porotur» c A Show«r Weo«h«r Wind drtclwn with ipo*d in knoH tox V-/ Cloudy Sky h W
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  • Page 29 Advertisements
    • 1683 29 Tatsumi Marine DMECT BAJUNG TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct call to other porta subject to inducement (also accepting transhipment cargo OftOBAY MADANG KIETA. WEWAK KIMBE RABUAL via LAE) S'PORE: NEPTUNE AGENCIES PTE. LTD Td: *****77, *****34, *****71 m. omcL m m*m tawa rtt im <**or« til mm W.
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    • 226 29 n UNIPACIFIC TRANS TRADING AGENCY PTE. LTD SINGAPORE TEL: *****22 FAX: *****76 IRAQI LINE IRAQI STATE ENT(RPRISE fOR MflßtTiMf TRfINSPOP' EAST BOUND SERVICE ETA S POKE LOADING FOR 15/2 Japan MV ALKINOI WEST BOUND BERVICE MV SINDBAO 1/2 UN Qatr/Baarah/BagMad' THROUGH VU to lAGHOAO UPON WQUOT ALSO ACCEPTING MNTAINERt UPTO
      226 words

  • Page 30 Advertisements
    • 512 30 tol FINE-LINER SHIPPING lßai PTE LTD I 'U Sipnton rtt, iU O'C Virn» H j >■ So' TFI 225W, 1 (4 Lines) TLX RS 2JS4I FLINER FA* 22V856 EUROPE SERVICE (FCL A LCL) I 15 5 II M FAR EAST SERVICE (FCL I II H MIDDLE EAST SERVICE (FCL LCL)
      512 words
    • 717 30 ZIM actaMtoe FCIACL cargM* to USA Ea*i A Wmi CeeaL CarriMeea.Eaat Canada. HAITI Carta Rica, B Wn*r OaaluU Hondurn. Venenata. Pent, (cuador CllieWii via Mam. Trim** Bartadot. Artifaa, St Lucia. Mentaerrat, Guyana via Kineaton. Hi?T ZIM EILAT ZIM KOPER n.»: ii .''i v' "nr rrf as'1 1 'I' "I'l- i^'i
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    • 332 30 Everett Lines ST LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON m CPV THROUGH BILL OF LADING TO FINAL DESTINATION. eSSm Jan •WNifSIITT y a/21 Fak j "EVERETT ORIENT LINE" E JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA, KOBE. NAGOYA, MOJI, TOKYO AND
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  • Page 31 Advertisements
    • 212 31 Mki7 □SI WEEKLY SAILING AUSTRALIA I NEW ZEALAND FREMANTLE, MELBOURNE, SYDNEY AUCKLAND, CHRISTCHURCH EUROPE HAMBURG/FELIXSTOWE HAMBURG/FELIXSTOWE FAR EAST TOKYO 17/2 BANGKOK 14/2 MANILA 12/2 BUSAN 14/2 PORT KLANG PENANG KAOHSHIUNG KEELUNG SOUTH ASIA/MIDDLE EAST/PAPUA NEW GUINEA/SOUTH PACIFIC UNITED STATES OF AMERICA EAST COAST WEST COAST I GULF ONE STOP PACKAGE
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    • 220 31 Consolidation Service PAPUA NEW GUINEA SIN: 7/2 PT MORESBY/LAE PACIFIC ISLANDS SIN: 25/2 NOUMEA/PT VILA/SUVA/ PAPEETE MAURITIUS REUNION ISLANDS SIN: 2/2, 28/2 PORT LOUIS/REUNION TRANSTAINERS WEST AFRICA SERVICE TUNIS/ALGIERS/CASABLANCA/NOUAKCHOTT/ OAKAR/BANJUL/CONAKRY/MATADI/LUANOA/ LOBITO Thru direct B/L to BAMAKO/NIAMEY/YAOUNDE/OUAGADOUGOU/ BANGUI/KINSHASA TTA Freight Pte Ltd Tel: *****55 TLX RS ***** ABSS LINE WEEKLY FULL
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    • 475 31 1 iwiin 1 1 FiU iinmmo thajmpohtatiom (rrt) ltd WEEKLY LCL/FCL SERVICE OCBTMATIONB CTA SINGAPORE PORT KELANG 28 JAN MANILA 6 FEB HONG KONG. ALL CHINA PORTS 5 FEB KEELUNG. KAOHSIUNG 2 FEB BUSAN 7 FEB TOKYO, KOBE 7 FEB CHITTAGONG 2 FEB DUBAI 8 FEB SYDNEY. MELBOURNE 3 FEB
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    • 473 31 I H '.l'i-Ml T TmmTT Hit TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* GLOAT SOATAN VIII Voy M 4/2 GLORY SOATAN VI V«y 1/2 9 6 VESSELS OF LOG CARRIERS 5 VESSELS OF BRAND NEW TWIN DECKERS ON REGULAR LINER SERVICE FROM TAIWAN TO SINGAPORE
      473 words
    • 364 31 PTC CONTAINER lINES fCI tCI SFKVICt 5/2 KEELUNG/KAOHSIUNG 1/2 BANGKOK 5/2 MANILA 4/2 JAKARTA 4/2 PORT KELANG/PENANG 1/2 BUSAN 7/2 TOKYO/YOKO/KOBE 7/2 HONG KONG also accepting carfo to Huangpu/Shenzhen/Fuzhou Xiamen/Xingang/Shanghai 4/2 RDM/HAM/ANT/LE HAVRE/GENOA 4/2 LDN/FLX/LVP/SOU j J35 V t 5/2 LA./NYC/SFO 1/2 VANCOUYER/TORONTO/MONTREAL 4/2 SYD/MELB/ADEL/FREM 2/2 AUCKLAND/WELLINGTON U.V'.l.il 8/2 P.
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  • Page 32 Advertisements
    • 480 32 Hai Sun Hup Co (Pte) Ltd r £L *****06 (20 Lines> TLX MS 2206t RS ***** fc. I\MIK\ \K 1 I\l K I) STIUUTS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-R0 HEAVY LIFT! 9/3 7/3: 4/3: Fonabtshi 26/2 for Disc harming Only NOH: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG TAIWAN CHINESE
      480 words
    • 405 32 Ia>CHO YANG LINE FAR EAST/EUROPE FULLY CONTAINERISED SERVICE FMG W flf AN r E GfI*NCOIOMO ANA > A NATIONAL L»N| or COiOMB-A CAVN COMP A N A ANQK'M. NAf'ONAt V i W|NC;OI>NA 01 NAvCGAC ON <Nf Of WlNf TufL> To Bu«nav«fltura/Barranau»lta/SanU Marta/CarUfena/ Cristobal/Santo Oomingo/Port Au Princa Pto Qu«tzal/Aca|utla/San Lorann/Corinto/Pto CaWera
      405 words
    • 475 32 PUV.I P.T. MASKAPAI PELAYAR PULAU LAUT FULLY CONTAINERISED REGIONAL FEEOER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL FORWARDING AT TEL: *****77 VOY SIN JKT PAJ SIN 23S 31/1 2/2
      475 words
    • 563 32 /M CALL US AT: P. KELANG PENANG J. BAHRU P. GUDANG SINGAPORE i K. LUMPUR *****53/3H7111 04-€*****/4, (***** 07 241 M 07-*****3, *****5, *****0, *****1 02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE TO EUROPE rm rrn rm rrr 1 ft' r*iVl' tfi i Ij M'Tt -v 'Hi 1i 1 i
      563 words