The Business Times, 31 January 1989

Total Pages: 30
1 30 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY. JANUARY 31, 1989 75 CENTS
    11 words
  • 255 1 Dow up WALL STREET stocks were higher and gaining after a firm opening yesterday. Prof-it-taking had appeared on strong gains last week, but sideline cash was heavy enough for the rally to continue. The Dow was up four at 2326 and gainers held a moderate lead over
    255 words
  • 309 1 SHARE PRICES in Singapore soared in hectic trading yesterday, with the Straits Times Industrial Index jumping 19.33 points to close at a five-month high of 1,134.81. Led by heavy buying from both foreign and local institutions. total turnover swelled to 78.64 million
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  • 173 1 THE US DOLLAR yesterday rose above 130 yen on the Tokyo foreign exchange for the first time since Oct 12 last year. Dealers said buying demand from investment trusts and speculators sent the greenback to the day's high of 130.06 yen during morning
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  • 138 1 THE INTERNAL SECURITY (Amendment) Act 1069, passed by Parliament laat week, has become effective. The President assented to the Act on Saturday, announced a government gazette yesterday. With the gazetting of the Act, Singapore courts will have no powers of review, except on procedural matters, ovsr
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  • 613 1  -  By UNOA CHEE A DECISION by three large organisations to enter the multimillion dollar marine supplies business has sroused resentment and concern over survival among some existing companies in the industry. Looked at another way, however, the development might serve as a catalyst for smaller
    613 words
  • 238 1 Bernama FORMER Malaysian Welfare Minister Datuk Shahrir Samad and several other former Umno leaders in Johor will meet Menteri Besar Tan Sri Muhyiddin Yassin to discuss the implementation of the resolutions adoptad by the Johor Malay unity forum last month. Datuk Shahrir.
    Bernama  -  238 words
  • 131 1 Agencies MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad is improving steadily in hospital after a coronary bypass operation last week. He was moved to a normal ward yeeterday. Bemama news agency quoted General Hoepttal director Ceieetine Fonaeka aa saying that Or Mahathir, 63, waa
    Agencies  -  131 words
  • 91 1 Bernama UMNO Supreme Council member Tengku Ahmed Rithauddeen said the victory in the Ampang Jaya by-election on Saturday showed that the people wanted unhindered national development aa well aa unity among the races. The people knew that only the National Front could champion their
    Bernama  -  91 words
  • 349 1 AP SOUTH KOREA and Australia have agreed to co-sponsor a forum of Asian and Pacific nationa to cope with rapidly increasing international trade protectionism, a spokesman said in Seoul yeeterday. Chief presidential press secretary Lee Soo-Jung said the agreement was reached
    AP  -  349 words
  • 155 1 AP SEEKING to avoid trade friction with Washington, South Korea has decided to send purchase missions to the US with shopping lists worth US$4 billion between March and May, Trade and Industry Minister Hahn Seung-Soo said in Seoul yesterday. He said
    AP  -  155 words
  • 562 1  -  By MAGDALENE NG GENTING BHD is rationalising its highly profitabla rssort-ralatad operations by putting tham under a wholly-owned subsidiary, Resorts World Sdn Bhd. These activities which include gaming, hotel and entertainment together with goodwill and other relevant assets have been valued at M 5442.75
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  • Page 1 Advertisements
    • 111 1 Nikon The World's Finest Photographic System. PKNT HOUSE FLOORS The Penthouse Floors at P' aza Hotel. The premier :mm ac^ress w^en you're in Singapore. Register at our special Reception Desk. From then on, it^^cu^^^^^^ K)ur personal butler on call for shoes shined. reservations confirmed, luggage unpacked, transport arranged. Elegantly furnished
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    • 209 1 FuN report, PAGE It Regional mfcto, PAQC 1« Editorial Comment: ....................10 US dollar 5 Time for a compromise Feldstein predicts 25pc fall OCBC, Slmbl 10 Car Eyeing the same market? South Korea Fighting US trade retaliation Telecoms: Change of image NCR Moving towards OHQ status Oil Appeal to non-Opec producers
      209 words
    • 6 1 U«tor, PAQE 10 P*rsp«ctfv«, PAGE 11
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    • 57 1 Niko The World s Finest Photographic System Cartier |ewellery is sold exclusively in the Cartief jewellery stores and Les Must de Cartier boutiques Each piece is accompanied by a certificate guaranteeing its authenticity mu/t" cfc> Cartier Boutrper SINGAPORE 01 -36, Lucky Plaza. 304 Orchard Road. Tel: *****27 #01 04 Hilton
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  • HOME NEWS
    • 388 2  -  Emphasis on making services more attractive to corporate clients By WILLIAM CHIA TELECOM, one of Singapore's richest government statutory boards, is restructuring to give it an even better reach to customers. And underscoring its growing international activities, the corporate changes will begin
      388 words
    • 285 2 FOUR MONTHS after the delivery of it* first dedicated Boeing 747-200 freighter, Singapore Airlines is considering s second, and looking into joint cargo operations with other carriers. SIA Cargo Manager-System-wide Huang Cheng Eng, in the latest issue of the monthly Civil Aviation
      285 words
    • 150 2 A LOCAL computer distributor and a US software house have extended their marketing agreement to Hongkong, Singapore, Malaysia, Thailand, Indonesia and Brunei. Singapore Computer Systems (SCS). the largeet systems house in the region, sells CIM (computer integrated manufacturing) and CAO/CAM software for
      150 words
    • 298 2 THE HIGH COURT yesterday reserved judgement on the appeals of Workers' Party secretary-general J B Jeyaretnam and former party chairman Wong Hong Toy against conviction for alleged violation of the Public Entertainments Act. Jeyaretnam and Wong were each fined 13,500 by a
      298 words
    • 319 2 DUTCH Foreign Trade Minister Yvonne van Rooy arrives today for the second time in two years to promote bilateral economic ties. But on this visit, she will also make a pitch for Singapore businessmen to start investing in the Netherlands. The invitation
      319 words
    • 521 2  -  By SHOEB KAGDA AMERICAN FIRM Motorola Electronics and the National Productivity Board (NPB) have joined hands to set up a new $5 million training centre. But unlike other training institutes run by the NPB, this one will start with the basics instructing
      521 words
    • 126 2 AN OVERSEAS posting may seem glamorous but not many people know the complex amount of work that needa to be done if such a posting is to be successful. With this in mind, Asia Pacific Management and Expat Assist Singapore will hold a seminar on expatriate
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  • Page 2 Advertisements
    • 260 2 The First Laptop That Leaves Nothing Behind. Except This r A WCJt mI t:t /*w I »"»*v 7 'm I I Vi J "in 'j <S'i I I J~- i A The new COMPAQ SLT/286 Personal Computer is the first laptop to fit all the power of a desktop into
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  • TECHNOLOGY
    • 923 3  -  8 mmm By Jeffrey Tsang COMPUTERS have now become one of the moet effective means of communication, thanks largely to laser printers that allow a very high level of print quality. But there have been quite a few disgruntled users. Reports of laser printers
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    • 503 3  -  By JEFFREY TSANG NCR SINGAPORE has put in place aggressive expansion plans that should qualify It for operational headquarters status by 1961. The company, which was first established In Singapore 30 years ago, set up a software development centre and an international
      503 words
    • 945 3 NYT STEPHEN RONDEL stood amid a small crowd with a strange contraption in hie hand, speaking slowly into a microphone. "I would like to go to the airport," he said in a monotone. Then, he added: "Translate". In an instant the machine spoke
      NYT  -  945 words
  • Page 3 Advertisements
    • 43 3 wen you're about to Jo justice to fine food, elevate the moment with its most fitting accompaniment. Ld kiS e ne i T V s; 5« H £ine 4* "T2 7* ■z. a N. Q" 'U M 4 j* E sr> :> *1 Heineken
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  • ASIA-PACIFIC
    • 471 4 Only way to keep prices stable, says Ginanjar Reuter INDONESIA'S Oil Minister Ginanjar Kartaaasmita said non-Opec oil producers should cut output in the second quarter of 1969 if the oil price is to be kept stable. In an interview with Reuters on Sunday, he
      Reuter  -  471 words
    • 362 4 AFP TIBETAN EXILES blaming China for the Panchen Lama's death demonstrated outside the Chinese Embassy in New Delhi yesterday and were arrested after hurling petrol-filled bottles at the building. Some two dozen Tibetan men and women gathered at the embassy at
      AFP  -  362 words
    • 198 4 Bernama MALAYSIA would like to see more investments from France, which ranks 12th in terms of foreign investment in the country. Mslaysian Deputy Prime Miniater Qhafar Baba voiced this hope during discussions yesterday with the visiting French Minister for Equipment and Housing, Maurice Faure, in
      Bernama  -  198 words
    • 167 4 AP US-CHINESE TALKS on science end technology selee have stalled over Chlneee opposition to copyright protection for computer software and patent protection for phermaceuticals, according to US officials. The countries' decede-old Wlatersl accord is scheduled to sxpire at the end of this month, but
      AP  -  167 words
    • 343 4 AFP/Reuter TALKS between the Philippine government and the International Monetary Fund (IMF) for a US$l.3 billion credit package resumed in Manila yesterday after a two-month receaa, officials said. President Corazon Aquino aaid she told negotiators Finence Secretary Vicente Jayme and Central Bank governor Joee
      AFP/Reuter  -  343 words
    • 87 4 Reuter INVESTMENT APPROVALS in the Philippines surged to 30.07 bitlion pesos in calendar 1068 from 11.0 billion pesos rsgistersd in 1067, Trade and Industry Secretary Jose Concepcion said yesterday. He projected that foreign and domestic investment approvals by the Board of Investments would top US$2
      Reuter  -  87 words
    • 309 4 AP AFGHAN rebel spokesman Sibghatullah Mojaddidi warned that the Afghan government would launch a campaign of "plunder and sabotage and Name ft" on the rebels after the Soviet withdrawal, a Saudi newspaper reported on Sunday. The warning by the Paki-stan-based spokesman coincided
      AP  -  309 words
    • 304 4 Bernama MALAYSIAN entrepreneurs have shown encouraging response to the Asean-Japan Development Loan Fund launched early this month, Bank Pembangunan chief executive Nik Ibrahim Abdullah said yeeterday. The fund repreeents a joint economic cooperation project between the Japaneee government and the Asean countries. The loan
      Bernama  -  304 words
    • 639 4 AP GAMBLING LUST has fostsred clsndestins wsgering networks throughout Tsiwsn, prompting officials to warn that the obeeeaion la disrupting the economy. Observers say the craze is the result of limited investment opportunities amid s flood of idle cash created by Taiwan's
      AP  -  639 words
    • 76 4 Oana-Tna THAILAND is expected to earn 7,000 million baht (about ***** million) from the tourist industry in the Pattaya resort this year through the spendings of an estimated 3.01 million visitors, according to the Tourism Authority of Thailand (TAT). TAT governor Darmnoon Prachuabmoh told
      Oana-Tna  -  76 words
  • Page 4 Advertisements
    • 342 4 I I Make this Lunar New Year a memorable one as you join in our festivity at The Glass Hotel! 1 Lunar new Year's Eve 5 February Pamper your family and take them round to the Atrium Cafe for that very important reunion dinner. A lavish buffet specially put together
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  • Page 4 Miscellaneous
    • 305 4 City Max/ CO Adololdo 26/16 Armtoi Jcrni 06-01 Alhont 13/08 Bahrain 17/12 Bangkok 32/22 Barbodo* 25/21 Mh9 02-07 17/06 Bolgrodo 02-02 Bortn 07/01 Bonnuda 18/15 Bonn 08/05 Brtabano 32/18 Bru*ob 10/05 iudopM -1/-3 Buono* Airot 33/22 Cairo 15/07 Calgary 08-07 Canberra 29/12 Caroeof 25/15 Chicago 09/01 Copliogan 08/02 Dorwln 29/23
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  • REST OF THE WORLD
    • 500 5 AP US DEFENCE Secretary-desig-nate John Tower has warned Nato strategists that the alliance should maintain healthy scepticism about Kremlin disarmament overtures and keep the West's nuclear options open. Repeating his support for extending the range of some Euro-pean-based missiles on Sunday, Mr Tower said
      AP  -  500 words
    • 1032 5 ARRIVALS Operator Sorvfco local From numbor rtrrx I FTL FT75 0315 ATl/DFW/OtO/ ANC/N8T/ ALK MNL/TPC 1X453 0325 TYO CAL Q333 0405 T n QAi. QF717 0445 m SEY MM601 0700 sez SU SQ491 0725 »WN SU SQ417 0810 0X8/KH MAS MH640 0820 KUL SVA SV398 0835 JED/MJH
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    • 191 5 Reuter THE US Conference Board said that the global economic growth will continue in 1969. The board said its latest International Economic Scoreboard shows ths composite leading economic index for 10 of the world's major industrial countries growing st an annual rate of 6
      Reuter  -  191 words
    • 374 5 Reuter COCOA PROOUCERS have been left at the mercy of a glut by the collapse of talks with consuming nations which were called to try to rescue a price-support pact Delegates to the failed talks of the International Cocoa Organisation (ICCO)
      Reuter  -  374 words
    • 342 5 Reuter THE BRAZILIAN Congress has approved the main clause of an anti-inflation plan announced by President Jose Sarney on Dec 15. In an all-night voting session of over eight hours that ended on Saturday morning, Congress approved the plan's main clause, which freezes
      Reuter  -  342 words
    • 187 5 Reuter WEST GERMANY'S ruling centre-right coalition suffered a crushing defeat in local elections in West Berlin on Sunday as an extreme right-wing party led by a former officer in Hitler's SS gained parliamentary seats for the first time. in an entirely unexpected
      Reuter  -  187 words
    • 437 5 Lower currency seen as the only way to cut trade gap Reuter A FORMER senior official in the Reagan Administration predicted on Sunday that the dollar would fall in value by more than a quarter over the next three years. Martin Feldstein, a former
      Reuter  -  437 words
    • 426 5 Reuter THE SOVIET UNION'S current economic reform programme is based on false premises and will generate inflation and lower standards of living, a Soviet economist wrote on Sunday. Economist L Piyaaheva. in an article in the daily Sotsialiaticheskaya Induatriya, predicted Soviet leader Mikhail Gorbachev's
      Reuter  -  426 words
    • 151 5 AFP ITALY it now attracting foreign capital, according to recant figuraa issuad by tha Bank of Italy, which Mid that tha nat capital inflow last yaar waa 21.6 trillion lira (around US$l6 billion). Sources at tha centra) bank said the net inflow apeeded up
      AFP  -  151 words
  • Page 5 Advertisements
    • 41 5 The business person's choice every Tuesday, Thursday, Saturday and Sunday. Leaving Changi Airport at 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel Agent or Air Canada at 7}*****. A BREATH OF FRESH AIR
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    • 186 5 AHOME NCTA HOTEL There's no place like home. Especially after being away for a few weeks on a business trip. But now, in Singapore, The Ascott Executive Residences provide a marvellous home away from home. One or two bedroom apartments and penthouses individually designed for the executive or family who
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  • MONEY AND EXCHANGES
    • Article, Illustration
      1190 6 SINGAPORE: Having brushed off the weaker-than-expected fourth quarter US QNP' news in the face of heavy inveetor demand, the US dollar s firm cioee in New York carried over Into Asian trading yesterday. A test of D-mark 1.87/ yen 130 was seen. However, momentum proved lacking* and speculators
      Sources: OCBC, Republic National Bank of New York (S) Ltd  -  1,190 words
    • 62 6 THE OVERNIGHT rate on the Singapore money market fell by 1/8 point to cloee at 5-1/4 per cent yesterday. Short term rates roee by 1/16 point each. S$ hWrfaoiik rarw at lh« ck>M y •tter day: orm ND VAlr* -Q* S 1/4 5 Ihw* S 3/1 S 1/4
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    • 106 6 Treasury bills Period Issue code Yesterday's dosing Day's Maturity UD om HK5H LOW 3 months BQ*****X 27.04.89 3.79 3.84 184 6 rnomhi BY*****S 20.07.89 3.97 3.92 3.97 3.96 1 yor BY*****H 23.11.89 4J09 4.04 4.12 4X>4 Government notes and bondi 1 Period Issue code Maturity Coupon Yesterday's
      106 words
    • 175 6 ASIAN DOLLAR deposit rates closed st their opening levels In quist trade yesterday. Term rates were steady to allghtly lower at the outaet. but were unchanged In subssqusnt trade. 7 day* uss ora mo «/4 9 1/« 9 5/16 9 3/16 9 3/« 9 1/4 9 3/t
      175 words
    • 446 6 BA Futures MARCH Eurodollar futures opened five ticks higher on Simex yesterdsy then Friday's close at 90.49 following a lower than expected US fourth quarter QNP of 2 per cent ss well as a firmer dollar. Trading was listless snd confined in a tight range of 90.52 to 90.49.
      BA Futures  -  446 words
    • 279 6 CURRENCY FUTURES At the IMM closed sharply lower and near the lows of the day after an active session on Friday. Losses came despite concerted central hank intervention, including three rounds off dollar selling by the Fed, and US fourth quarter QNP data that showed slightly weaker than anticipated
      279 words
    • 1639 6 Iw prime of 12 major banks In t'por* r Interbank market r ataa (offer/bid) on Jan 30 us$ DM SWFC Ymn 7 4mn 11/4 i/a IS 1/1— M a 7/1* s/i« s 1/4 I/a 4 7/1* S/l* I t S/l* 1/1* is i/a ii S S/4 S/S
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  • Page 6 Advertisements
    • 49 6 •r •n 4 v > J *r. i\ c^i«££ *WHfe "V. fcflnsasr You've got to come early if you want to pet into Bibi's. Set lunch just 12.00 nett. Jugglers Hour 4-8 pm beer, wines and cocktails $16.00 nett per jug. Bibi's, Peranakan Place, 180 Orchard Road. Tel: 732 6966.
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  • Page 7 Advertisements
    • 25 7 Wfe accept this in j_ Ente iierp onb rise Award •ehalfof made it possible: our clients, staff business associates and government bodies. Pico Art International
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  • BANKING AND FINANCE
    • 382 8  -  Higher road tax fails to dampen demand By DEXTER LEE OUTSTANDING car loans granted by finance companies hit an all-time high of $698.2 million last November, according to figures released by the Monetary Authority of Singapore yesterday. The total, released in MAS's
      382 words
    • 459 8  -  By MAGDALENE NG AUTOMOTIVE and agribusiness giant Astra International is tapping the Singapore market for a US$5O million loan through a revolving credit facility. According to sources, two subsidiaries of-the Indonesian conglomerate which will be seeking a listing in Jakarta and is actively
      459 words
    • 193 8 Reuter THE BANK of New York Co said it laid off 18 employees of Irving Securities Inc, the bank's primary dealer of US Treasury and government agency securities. The 18 employees, which include dealers and sales people, represent about 25 per
      Reuter  -  193 words
    • 202 8 OUTSTANDING bank loans rose by nearly $1 billion during the month of November 1988 to touch $41.7 billion, the Monetary Authority of Singapore reported yesterday. The MAS said in its Monthly Statistical Bulletin that total bank loans and advances, including bill financing, grew at a
      202 words
    • 365 8  -  By SOH TIANG KENG THE PEOPLE'S Insurance Company (PIC), which has recruited Chew Loy Kiat as its chief executive, yesterday unveiled its plan to become a "more dynamic and progressive" company. Mr Chew, 57, who will assume the post of managing director and chief
      365 words
    • 287 8  -  By AL O LABITA Jr Writing for BT from Manila OFFSHORE banking units (OBUs) operating in Manila are pressuring the Aquino government to allow them to expand their services that would include international banking. Philippines" central bank officials said the OBUs are using
      287 words
    • 752 8  -  by PAUL FRANKLANO TODAY, we will deal with the letter "F" in our occasion*) insurance terms for the layman. this means that each risk is reinsured separately. Under this system, the reinsurer decides how much of the risk he wishes to insure, according to the
      752 words
    • 257 8 Reuter BANK OF SPAIN Governor Mariano Rubio has asked Spain's banks to stop manipulating the price of their own shares. In an interview with Barcelona newspaper La Vanguardia, Mr Rubio said: "I believe that certain past practices need to disappear, and they need to do so
      Reuter  -  257 words
    • 195 8 AFP JAPAN will propose its Miyazawa plan for solving the external debt problems of developing countries at a G-7 meeting of industrial nations and a Japan-US summit next month in Washington. The plan will be proposed when Japanese Prime Minister Noboru
      AFP  -  195 words
    • 184 8 Reuter JAPANESE Finance Minister Tatsuo Murayama said that Japan was not considering redenomination of the yen. but instead might issue a larger yen bill, Japanese television reported. Mr Murayama, speaking at a press conference on Saturday in the western city of Osaka,
      Reuter  -  184 words
    • 205 8 Reuter NINE Japanese life insurance firms are planning to set up credit trusts from tomorrow for housing loans under mortgage repurchase agreements, said a spokesman at Sumitomo Life Insurance Co, which currently presides over the Life Insurance Association of Japan. Another 16 domestic life
      Reuter  -  205 words
    • 243 8 Reuter FINANCIAL FUTURES and options markets in the European Community have formed a lobby group to represent their interests to EC institutions, a London official said. The group has been set up by the London International Financial Futures Exchange (LIFFE), the London Traded Options Market
      Reuter  -  243 words
    • 155 8 Reuter BANOUE INDOSUEZ agreed to acquire a 25 per cent stake in Nava Finance and Securities Co Ltd of Thailand for about 330 million baht, Nava Finance managing director Apiwat Nanthapiwat said. He told reporters on Friday that Indosuez and its fullyowned
      Reuter  -  155 words
  • Page 8 Advertisements
    • 266 8 o HEMS (sofnftsim MALAYAN CEMENT BERHAD (Incorporated in Malaysia) PRELIMINARY ANNOUNCEMENT OF PROFITS DIVIDEND MhlonowT-" 6 3 r6SU S Gr UP ,he C mpa y ,he year ended Turnover Operating profit Share of results of associated companies Profit before taxation Taxation Net profit y wf a SUI S in f
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  • COMMODITIES
    • 191 9 Chines* Produce Exchange SeHers' noon doring prk iM on Jon 30 (SI/100 kg) Coconut oil Mi F08 10t.00 OM drum FOt 118.00 Nm drum KM 122.00 Copra MfcMd Doom) 64.00 tutors Pepper FOt NLW Sarawak 707JO FOt foq NLW 697JO Sarawak iptdal block FOt NLW Sarawak Asia 492-50
      191 words
    • 295 9 HONGKONG. Gold closed lower in quiet trading yesterday. Bullion ended at U*****.70/394.20 an ounce against an initial U*****.10/386.50 and compared with Saturday's close here of 395.60/396.50 and New York's close of U*****.10/395.60. On the local market, gold fell to finish at HK53.678 a tael. Coins were generally lower
      295 words
    • 147 9 Telerate FUEL OIL prices began the week relatively unchanged from their previous week's levels. Buy-sell prices for February CST-180 were still notionally pegged at US$76-US$7B per tonne fob Sing. Fundamentals have changed little and near-term prices were not expected to firm or fall sharply. The best
      Telerate  -  147 words
    • 294 9 MALAYSIAN crude palm oil futures closed marginally easier in moderate trading on the KLCE yesterday. The market opened tower on buyer's reserve but firmed slightly in the afternoon due to active participation from commission houses. Rumours that Indonesia would impose an export duty of 10 per cent on
      294 words
    • 194 9 TIN HIT MW 33-month high o» MS2O.4* kg on tha Kuala Lumpur Tin Marie at yaatarday, up ssvan cants from Friday's closa on contlnuad short-covar-Ing by tha Europaans, daalars said. Waakand accumulation and pra-holiday disposal saw turnovar risa to 149 tonnas from 130 tonnas on Friday with ranawad
      194 words
    • 272 9 RAS prices In 3 cmMq, FOB In bata I NOON CLOSE Bwyor* f-M ftuyon Sellers Int 1 RSS Prompt 224.50 225.50N 224.50 225.50 Int 1 RSS Fob 89 225.50 226.50N 225J0 226-50 Int 1 RSS Mar 227.00 228.00N 227.00 228.00 hit 2 RSS Of 215.00 217.00N 215.00
      272 words
    • 87 9 Reuter THE VALUE of production of the Philippine mining industry rose to 23.31 billion pesos in 1968 from 19 42 billion a year ago. Bureau of Mines and Geo-sciences director Guillermo Balce in a year-end report attributso the 20 per cont ris6 to tetter mine operations and
      Reuter  -  87 words
    • 404 9 SMGAPORE: Rubber prices ended lower with February 1 RSS buyer quoted at 225.50 cents a kg yesterday, down one cent from last Friday's close. Prices ended slightly lower in quiet morning trade due to a lack of fresh factors. In the afternoon, prices drifted a little lower on lack
      404 words
    • 72 9 (catift/kg) FEBRUARY 1989 MARCH 1989 (currant month) (forwoi rd month) RAS NOON NOON SSI 20 aoijoo 203.00N 201XX) 203.00N SSt 50 19*00 201.00N 199.00 201.00N MRELB S«M«fi Mot SMI CV 323.50 325JON 325-50 327JON SMI L 321.50 323.50N 323-50 3 25.SON SMI 5 288.00 290.00N 290.00 292.00N
      72 words
    • 223 9 Bernama THE JOHOR government will study the question of awarding a new logging concession to Sindora Bhd whose logging areas In Koto Tjnggi and Ketuang districts will be affected by a protect to supply additional water to Singapore. The move is necessary as logging is
      Bernama  -  223 words
    • 57 9 Reuter THE International Natural Rubber Organisation (Inro) said rubber prices will remain firm for the next few weeks as wintering sets in next month. Inro's five-day moving average haa been above the must-sell level of 242 Singapore cents a kg since Friday. The average for
      Reuter  -  57 words
  • Page 9 Advertisements
    • 324 9 »Sf Ws ESsKXff! ■^:.sM^HL>*. gffl X .5*." 'jj \.4$M g* i 4' B ii!v HW 'V, I: 7m ">• v 3$ f Js, X". *-> \>?v 13if 3||'t 1 i r > 4u- 1r Made Perfect. r ;v Y V *'f* -•'v I? Z-4. g/ ■■> v. v m >
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  • PESPECTIVE
    • 515 10 THREE BY-ELECTIONS which pitted the ruling coalition of Malaysian Prime Minister Dr Mahathir Mohamad against the faction led by former trade and industry minister Tengku Razaleigh Hamzah have come and gone. The score: two for Dr Mahathir, one for Tengku Razaleigh. But for the dissident group,
      515 words
    • 1822 10  -  OCBC's increasingly aggressive stance in the merchant banking business has raised eyebrows and questions. Is it trying to rival its associate company, Simbl? LEONG WEN WAH searches for the answers. LEONG WEN WAH EVER SINCE it recruited Singspore's top woman banker Elizabeth Sam a
      1,822 words
    • 595 10 THE FIVE PETALS forming Simbl's logo represent the original five shareholders of the locally-incorporated merchant bank. OCBC held 40 per cent of the shares. Great Britain's Crown Agents and Continental Illinois National Bank of Chicago each owned 22.5 per cent. The British firm, Alexanders Discount
      595 words
    • REGIONAL VIEWPOINTS
      • 214 11 Our weekly summary of what regional publication* hava to say about Issuas of International Interest ASEAN "THE ASSOCIATION of South-east Asian Nations (Asean) met in Brunei last week to seek consensus on the Kampuchean question. The mission waa accomplished with Asesn reaffirming support for the
        214 words
      • 484 11 CAMBODIA "PHNOM PENH Prime Minister Hun Sen's unofficial visit to Thailand today at the invitation of Prime Minister Chatichai Choonhavan demonstrates a major hallmark of the Thai premier's 'new look' diplomacy, which is characterised by flexibility and simplicity, with little regard for protocol and diplomatic nicety.
        484 words
      • 411 11 MALAYSIA "DEVELOPMENTS in the securities industry are gearing towards a more sophisticated exchange in Malaysia. With the second board on the Kuala Lumpur Stock Exchange (KLSE), the Central Depository System and the computerised trading system to be implemented soon, the stage is set tor larger
        411 words
      • 531 11 AMERICA "PRESIDENT George Bush's appeal to the people of the US last Friday, after being sworn in as its 41st President, that their mission is to 'make kinder the face of the nation and gentler the face of the world' ia a basic pledge very respected throughout the
        531 words
    • 723 11  -  By CHOI KYO Reuter SOUTH KOREA'S economic plsnnsrs are bracing for trouble from a Bush administration armed with tough trade legislstion and apparently ready for a shoot-out with its commercial foes. The latest concern centres on a newly-coined American term that
      Reuter  -  723 words
    • 641 11 AFP THE PANCHEN LAMA, Tibet's second highest spiritual leader who died of a heart attack on Saturday aged 50, waa a controversial figure who enjoyed Influence with Beijing and veneration from the Tibetan masses. After Chinese troops crushed a 1969 anti-Chineee uprising
      AFP  -  641 words
  • Page 10 Advertisements
    • 129 10 Haute Cuisine Shanghai... h t i6M Now, you can savour the culinary treasures of Shanghai served with Continental panache at Goodwood Park's new CHANG JIANG SHANGHAI RESTAURANT. Here, your exquisite meal will start with complimentary aperitifs and a dainty appetiser. The authentic Shanghainese dishes, both in preparation and taste, will
      129 words
  • Page 10 Miscellaneous


  • LEISURE
    • 654 12 EXPO 92 NYT ORDINARILY, it would be a time of communal joy in this city of fun. flamenco, bullfighting and gazpacho as Seville spruces itself up for Expo 92. But organisers of the international exposition, which is to commemorate the 500 th anniversary of Christopher Columbus'
      NYT  -  654 words
    • 403 13 FOOD AFP IT IS no bigger than a pea, but the first man-made truffle might just replace the real thing, one of haute cuisine's most prized and most costly delicacies. The test-tube truffle, created by two former University of California professors, can be cultivated in a
      AFP  -  403 words
    • 436 13  -  CHESS By DEXTER LEE CANADIAN GRANDMASTER Kevin Spraggett managed to hold Soviet grandmaster Artur Yusupov to a draw last Friday in the fifth round of their World Chess Championship Candidates quarter-final match. Using the Queen's Indian Defence. GM Spraggett held his position together to
      436 words
  • Page 12 Advertisements
    • 927 12 gccEtugolf* Where to entertain. Salutes the Ladies Chinoiserie salutes the 'fairer sex' every TUesday Night. Ladies it's your night out, for fun, and great times. Cover charge is exempted for all females, so guys, tonight's the night to spoil your gals. Hwr REGENCYO|SINGAPORE 10-12 SCOTTS ROAD. SINGAPORE 0922 TEL: *****88
      927 words
    • 382 12 Happy Reunion The Mandarin's Reunion Dinner offers an elaborate 9-course Dinner with traditional favourites such as Raw Fish Salad and Braised Dried Oyster with Fatt Choy. At $€28 nett per table of 10*. We will start your new year to the melodic strains of a Chinese orchestra and the Ultimate
      382 words

  • Page 13 Advertisements
    • 239 13 i S?rSo much to choose for only $2150 A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, tortes...cheese board, fresh fruit...freshly brewed coffee All for $21.50 And for $27.50 you can add a roast or a choice of 6 main
      239 words
    • 36 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. -> w a pfr' mm§3 r' ■.yi i I* :*.r I grecn oOlD
      36 words
  • Page 13 Miscellaneous
    • 668 13 ©iJtDaaaacixiiii) CRYPTIC PUZZLE ACROSS 3 The pursuit of Lorraine? (5) 8 One can chooee to eat from them (5) 10 She's not property centred (5) 11 Container of cabbaoes (3) 12 Produced an essay (5) 13 Low place to which a debt-collector may have gone (7) 15 Colourful form of
      668 words
    • 1337 13 TO sOD B&OQiD Garp and his world \1 i R 1 OUR CHOICE THE WORLD ACCORDING TO GARP, Channel 5, 11.05pm Catch Glenn Close as Garp's unorthodox mother and solemn-taced John Lithgow as a transsexual in this cinematic adaptation of John Irving's novel. Robin Williams plays the young man who
      1,337 words

  • SPORTS
    • 102 14 SNOOKER SCOTLAND'S Stephen Hendry beat John Parrot of England by nine frames to six to win the Benson and Hedges Masters title at London's Wembley conference centre in his first attempt last Sunday. Hendry, the youngest ever Wembley winner at 20, pocketed a £62,000 first prize
      102 words
    • 43 14 AMERICAN FOOTRALL HERSCHEL WALKER ran for a pair of touchdowns and Randall Cunningham directed three scoring drives last Sunday, leading the National Football Conference to a 34-3 victory over the American Football Conference in the Pro Bowl in Honolulu. Hawaii. AP
      43 words
    • 496 14 GOLF UPI MARK O'MEARA sank a 10-foot birdie putt on the final hole last Sunday to beat Tom Kite by one stroke and win the title of the US$l million AT&T National ProAm for the second time in five years. O'Meara also won
      UPI  -  496 words
    • 295 14 UPI BETH DANIEL birdied the 18th hole to tie Dottie Mochrie through regulation and both golfers parred the first four suddendeath play-off holes last Sunday before play waa halted by darkness at the US$3OO,OO LPQA Oldsmobile Classic. Daniel, seeking her first LPQA victory
      UPI  -  295 words
    • 533 14  -  By WALTON MORAJS AS WORKMEN TRIMMED the grams and watered the bunkers, and Sentoaa Golf Club readied to play host to one of the biggest influx of top-notoh pro golfers into Singapore, the word at preaa headquarters yesterday was that India
      533 words
    • 205 14 CRICKET AP AUSTRALIA cruised to a sevenwicket victory over the West Indies yesterday, the final day of the fourth cricket Test at the Sydney Cricket Ground. The Australians, who now trail 1-3 in the five-Test series, dismissed the West Indies for 256 early
      AP  -  205 words
    • 124 14 AFP ONE OF India's finest cricket players, Mohinder Amarnath, has been fined U551,135 for calling the country's cricket selectors "a bunch of jokers'. "This is the only punishment (decided) by the disciplinary committee after it heard Amarnath for 30 minutes. a senior
      AFP  -  124 words
    • 266 14 TENNIS AP WOMEN'S TENNIS expert Ted Tinling says little stands in the way of an unprecedented second consecutive Grand Slam for Steffi Graf. "The formula is simple. Unless she's injured or ill. she can't be beaten,'' said Tinling, a tour consultant who
      AP  -  266 words
    • 470 14 BASKETBALL AP ONCE AGAIN, Bernard King was unstoppable and the Cleveland Cavaliers were the kind of team that blows 20-point leads. King scored 38 points, his biggest game since suffering a serious knee injury almost four years ago. as the Washington Bullets
      AP  -  470 words
    • 233 14 SKIING AFP VRENI SCHNEIDER, the Swiss shoemaker's daughter who has taken the world of skiing by storm this year, tore the opposition apart on the first day of the World Alpine Skiing Championships in Vail, Colorado, last Sunday. With already 11 World Cup
      AFP  -  233 words
  • Page 14 Advertisements
    • 376 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SENG WATT PROPERTIES (PRIVATE) LIMITED (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting: of the members of Seng Watt Properties (Private) Limited duly convened and held at 10 Collyer Quay #21-01,
      376 words
    • 405 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ETHIR HOLDINGS PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the Members of the abovenamed Company will be held
      405 words
    • 498 14 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF NANKING DESIGN PTE LTD (IN MEMBERS VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Nanking Design Pte Ltd. duly convened and held at 36 Robinson Road. #05-01 City House. Singapore 0106.
      498 words
    • 379 14 "ASA HOLDINGS PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of Members of the abovenamed Company will be held at the Office of M/s John Aw Co., Blk 165 Bukit Merah Central
      379 words
  • Page 14 Miscellaneous
    • 84 14 Play golf the Sevvy way Plugged ball in bunker WHEN THE BALL IS PLUGGED ON THE UPSLOPE OF A BUNKER, THE WEIGHT AT ADDRESS SHOULD BE ON THE RIGHT LE6 WITH THE I l BALL IN THE MIPPIE \OF THE STANCE rBE CAUSE YOU ARE V GOING BACK FROM 1
      84 words

  • COMPANIES & STOCK MARKETS
    • 732 15 Miaa mm,** HOCK LOCK SIEW WITH STOCK MARKETS in Singapore, New York, Tokyo and Hongkong soaring, people again believe that the sull lives. Share prices have climbed smartly in the last coupls of weeks, especially last w«ek. New York, Hongkong, London
      HOCK LOCK SIEW  -  732 words
    • 526 15  -  By ANDREA BORCH TO CONTINUE expansion plans and strengthen market position, South Pacific Textile Industries Bhd has acquired a hosiery company in Malaysia and two distribution companies in the US. Soutex Sdn Bhd, a whollyowned subsidiary of SPTI, has acquired 58 per cent
      526 words
    • 507 15  -  By MAGDALENE NG GARMENT MANUFACTURER Wing Tai Holdings Ltd looks set to receive a more than warm reception from Singapore stockmarket investors, if indications of banks' share financing credit linee are anything to go by. The company offered on Jan 18 for sale 40
      507 words
    • 559 15  -  By ROSUE TAN GOVERNMENT-OWNED Temasek Holdings has agreed to transfer its entire 16.23 per cent stake in Jurong Shipyard Ltd to wholly-owned subsidiary Sembawang Holdings Pte Ltd (SHL), a move which will give two of the leading shipyards in
      559 words
    • 254 15 INVESTMENT holding company Haw Par Brothers International Ltd has sold a piece of property in Hongkong for a cash consideration of HK$l35 million ($33.48 million), more than 80 per cent of which is profit. The deal, which threw up an extraordinary
      254 words
    • 327 15 C C Bintang plans M$20m expansion Bernama CYCLE CARRIAGE Bintang Bhd (CCB), which recently acquired the distribution rights for Mazda passenger and commercial vehicles in Malaysia, has earmarked Ms2o million (or an expansion programme. CCB chairman Tan Sri B«sir Ismail said the expansion would include the buying of new tools
      Bernama  -  327 words
    • SES
      • 1474 16  -  By MICHELLE OH FOREIGN institutional buying sent the market surging across the board in active trading yesterday with interest centred on property stocks. The Straits Times Industrial Index rose 19.33 points to 1,134.81 while the Business Times Composite Index climbed 14.96
        1,474 words
      • 119 16 CYCLE ft CARRIAGE LIMITED: 20th AQM at the Royal (level 1), The Regent Singapore. 1 Cuscaden Road today at noon. HOMO LEONQ CREDIT NRHAD: 19th AQM at the Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Tun H S Lee, ***** Kuala Lumpur today at 11.00 am.
        119 words
      • 5722 16 1M High *m Tat Low Coda SE8DAQ Company Laet Sale JAN 30 +orVol (•000) Hlg Day h Low Laat Buyar hjota Seller Qr'a Dhr Dlv C*vr Qr'a rid Net PfE M Cap $mN 187 120 170 00% 110 130 78% 190* 144 92 135 126 122 114
        5,722 words
    • KLSE
      • 3272 17 Bernama THE Kuala Lumpur stock market rallied to a higher cloee yesterday on strong overseas leads and a comfortable victory by the Barisan Nasional in the Ampang Jaya by-election. Buyers dominated the trading floor soon after the opening bell and interest was sustained ail through the
        Bernama  -  3,272 words
    • REGIONAL MARKETS
      • 106 18 Reuter THE SECURITIES Exchange of Thailand Index roee 1.97 points to 433.23 yesterday on a turnover of 4,236,092 shares worth 453.46 million baht. rl [j p industrial Flnanca 108 vOtmfllC. Jatepnrihan Camant. 513 +2 Matooonkhrong. 136 +11 PwtPuMiaNng. Sana Union. 280 *■> Stem Camant 3141 15 Stem
        Reuter  -  106 words
      • 181 18 Reuter BOMBAY share prices yesterday resumed their upswing after the weekend break on renewed speculative and institutional buying, brokers said. Hopes of encouraging corporate news boosted sentiment and lured investors to the market brokers said. They added that a few leading shares, however, met with selling towards
        Reuter  -  181 words
      • 94 18 Reuter SHARE PRICES in Manila yesterday closed steady to lower in moderate trade in the absence of fresh incentives, brokers said. "We will probably have the same pattern for the rest of the week since there is nothing new on the oil front while the mines sector
        Reuter  -  94 words
      • 423 18 Reuter TURNOVER surged ss Taiwan share prices extended early gains snd ended broadly higher yesterday. The weighted index jumped 147.2 points, or 2.5 per cent, to finish at 5,966.91 compared with Saturday s 5.819.71 close. Strong mid-morning performances by financial, textile and food issues sparked a rush
        Reuter  -  423 words
      • 123 18 Reuter SEOUL STOCKS rose sharply across the board yesterday in moderate trading, with buying pressure centred on blue chipe, brokers said. The composite index rose 11.59 points to close at 881.33 on a turnover of 275.8 billion won compared with 142.8 billion during Saturday's half-day session. One
        Reuter  -  123 words
      • 106 18 Reuter PRICES OF most leading shares closed higher yesterday as the New Zealand market followed the prevailing bullish trend on overseas markets. Brokers noted solid volumes despite a holiday in Auckland and they expect the market to remain firm In the coming week. There was little news
        Reuter  -  106 words
      • 521 18 Tokyo Reuter TOKYO share prices closed lower in thin trade yesterday, after last week's strong gains and a sharp weakening of the yen against the dollar prompted investors to take profits or sit on the sidelines. brokers said. "This is a type of speed adjustment which could
        Reuter  -  521 words
      • 1230 18 Hongkong HONGKONG STOCKS soared through a technical resistance point at the start of trade and cloeed at new poet-Crash records for market indices and for turnover, brokers said. The Hang Seng Index roee 79.50 to close at 3,096.46. The Index broke through 3,000 for the first time
        1,230 words
    • INTERNATIONAL COMPANY NEWS
      • 666 19 Reuter THE PHILIPPINE government is stepping up its programme to sell off state companies to the private sector, including part of Philippine Airlines Inc, a major bank and a nickel refinery. The sale of all non-essential government operations accumulated under ousted
        Reuter  -  666 words
      • 145 19 Reuter THE STOCK EXCHANGE of Hong Kong is launching an All Ordinaries Index tomorrow to complement the Hang Seng and Hong Kong indices, which consist only of selective constituent stocks. The index, compiled by the exchange, will comprise all ordinary shares listed in
        Reuter  -  145 words
      • 110 19 AFP JARDINE MATHESON Holdings Ltd. the Hongkong flagship company of the Jardine trading and property group, has formed a new company to oversee activities in the Asia-Pacific region. The new company, called Jardine Pacific, is to group activities in Hongkong, China and Taiwan currently undertaken by
        AFP  -  110 words
      • 195 19 Reuter VOLKSWAGEN AG has said that, for the fourth year in succession, it registered more cars in Europe than other manufacturers, keeping its Italian rival Fiat Spa in second place. A VW spokesman said that VW registered 1.941 million cars in Europe in
        Reuter  -  195 words
      • 307 19 Reuter BOEING CO, the world's biggest commercial aircraft manufacturer, expects lower sales this year as it concentrstes on passenger safety instead of higher production. It was forecasting 1969 sales of around US$2O billion after last year's record US$3O
        Reuter  -  307 words
      • 176 19 Reuter BRITISH MANAGEMENT consultancy Alexander Proudfoot pic has agreed on terms for a conditional offer to buy US company Philip Croaby Associates Inc for US$67 million caah. Croaby ia also a management consultancy and is quoted on the American Stock Exchange. The
        Reuter  -  176 words
      • 570 19 Reuter ZURICH: Swiss shares closed barely steady yesterday on interest rate worries, dealers said. Wall Street's close last Friday at a new poet-Crash high provided no support, they added. "There is a lack of buying interest." one dealer said. "People are worried that the stronger dollar will
        Reuter  -  570 words
      • 103 19 HONGKONG AH Industrials Hongkong Index Monday 2,001 49 Friday 1.948.10 Monday Ck>s«d Friday 2.548.3 WMk ogo 2.5206 WmIi ogo 1,908 23 NEW YORK Hang Seng Index Dow Jones Monday 3.006.45 Friday 2322.86 Friday Z956.95 Thursday 2.***** WMk ogo 2.897 53 WMk ago 2.235.36 TOKYO Standard Poors Nikkei Average
        103 words
      • 799 19 Company plans special dividends NYT TEXACO INC and Carl C Icahn. its largest shareholder, have ended a feud that for more than a year has entangled them in a bitter struggle over the company's future. Mr Icahn. who owns 16.6 per cent of Texaco,
        NYT  -  799 words
      • 802 19 NYT THE INSIDER TRADING accusations surrounding Pechinay's acquisition of Trisngla Industriaa ara modaat by Amarican standards, but in Franca thay have baJloonad into a huga scandal that la shaking tha government and that is likaty to lead to significant changes in how Franca regulates
        NYT  -  802 words
  • Page 15 Advertisements
    • 10 15 Clambo has bean held over due to pressure on space
      10 words
    • 735 15 CURRENCY INVESTMENT AMI Kl( I XI'KI ss |s\\K TEL: 321 3333 THE TOKAI BANK, LIMITED Head Office: 21-14, Nithiki 3-chome, Naka-ku, Nagoya NON-CONSOLIDATED BALANCE SHEETS March 31, 1967 and 1988 ASSETS Cash and Due from Banks (Note 3) Call Loans Commercial Paper Trading Account Securities (Note 4) Securities (Note 5)
      735 words



  • Page 18 Advertisements
    • 148 18 Managers must manage. BT shows you how every Monday. Tha Australian markat IF IT DOESN'T INTEREST YOU. IT'S NOT OUR BUSINESS. Population of 56 faces economic a crisis in THf» /yty. Unlike other international magazines, Singapore Business is the only magazine written for you, the Singapore executive, in mind. In
      148 words

  • Page 19 Advertisements
    • 88 19 CHINA IN THE 1980s IS TOO MUCH HAPPENING TOO SOON? !SE IN NEW CHINESE REVOLUTION Written by Shanghai-bom Lynn Pan. is a fascinating and compelling study of China and the Chinese at a critical point in their history. It takes a candid look at every aspect of Chinese life under
      88 words
    • 159 19 NOTICE To the holders of the U.S. $100,000,000 Floating Rate Notes Due 2001 of: NATIONAL BANK OF HUNGARY (Magyar Nemzeti Bank) SZABADSAG TER 8-9, BUDAPEST V, H-1850, HUNGARY We hereby certify that the rate of interest payable on the above mentioned Floating Rate Notes for the Interest Period beginning on
      159 words

  • 650 20  -  Seminar on Palestinian question throws up a variety of views By ASAD LATIF Foreign Editor CONCRETE STEPS can be taken towards achieving a solution to the Middle Eaat problem if the PLO chairman Yaaaer Arafat's peace plan is accepted and if Palestinians
    650 words
  • 265 20 Reuter CHINA, with a third of its industries already idle because of energy shortages, faces nationwide power cuts during the annual Lunar New Year holiday next week, according to official press reports. Chine Deily said on Sunday that power shortages were generally
    Reuter  -  265 words
  • 241 20 AFP Reuter CAMBODIA and neighbouring Thailand are to set up committees to boost economic ties, Phnom Penh's official news agency SPK said yesterday in a report monitored in Bangkok. At almost the same time, however, at a business lunch in Bangkok yesterday, Prime
    AFP; Reuter  -  241 words
  • 493 20 Reuter THE SPECTRE of right-wing extremism has arisen in West Berlin with a party led by an ex-officer in Hitler's SS winning parliamentary seats in local elections which ousted the ruling coalition. Spontaneous mass protests in the former German capital with demonstrators yelling
    Reuter  -  493 words
  • 161 20 AFP JAPAN'S House of Representatives (Lower House) Speaker, Kenzaburo Hara, disclosed yesterday that he had received political donations from the scandal-ridden Recruit Co. Mr Hara told reporters in Tokyo that two of his political support groups received a total of four million
    AFP  -  161 words
  • 267 20 AFP THE RULING Liberal-Democratic Party (LDP) suffered a setback in a municipal election seen as the first major test of voter reaction to the Japanese government's new consumption tax, results showed yeeterday. The LDP lost three seats in Sunday's election in Kitakyushu's 64-member assembly, while the Democratic
    AFP  -  267 words
  • 90 20 Reuter JAPANESE WORKERS are already the world's highest paid and companies should try to avoid boosting wagee this year, said Eiji Suzuki, chairman of Japan's Federation of Employers' Associations (Nikkeiren). A Nikkeiren spokesman quoted Mr Suzuki as telling the Japan Private Sector
    Reuter  -  90 words
  • 309 20 AP CHINA and Vietnam have agreed that Vietnamese troops will be withdrawn from Cambodia by September in exchange for an end to Chinese military aid to the anti-Vietnamese resistance, Australia's Foreign Minister said in Beijing yesterday. Qareth Evans said Chinese Foreign Minister Qian Qichen
    AP  -  309 words
  • 163 20 AFP FRANCE is boosting its agricultural aid to Vietnam and has offered a grant of at least five million francs (US$800,000) for vsrious projects, visiting French Agriculture Minister Henri Nallet said yesterday. Mr Nailet who arrived in Hanoi on Saturday on a four-day visit to
    AFP  -  163 words
  • 183 20 MALAYSIAN FOREIGN Minister Datuk Abu Hassan Omar arrives tomorrow on a two-day visit at the invitation of his Singspors counterpart, Wong Kan Seng. The Foreign Ministry announced yeaterday that Datuk Abu Hassan will hold talks with Mr Wong snd call on Prime Minister Lee Kuan
    183 words
  • LATE FILE
    • 47 20 AFP THE World Bank said it aigned an agreement in Tokyo yaatafday to borrow 40 billion yan (U*****.69 million) from a conaortium of 20 Japaneae lifa insurance companies. The 25-year loan will carry an intaraat rata of 5.7 par cant, it addad. AFP
      AFP  -  47 words
    • 64 20 Reuter HITACHI LTD and First Electronics Group of Shenzhen, China, eigned a contract to build a US$l4O million factory making colour television picture tubes in Shenzhen, the New China News Agency aaid. The Chineee authorttfee will givft 75 per cent of financial backing to the plant which
      Reuter  -  64 words
    • 59 20 AFP PRESIDENT Corazon Aquino confirmed yesterday that former defence secretary Rafael lleto will be appointed as national security adviser. Mr lleto, 68. resigned as dslencs secretary in January 1906 following highly-publicised dtffsrences with then armed forces chief of staff Rdel Ramos, 60, who was retired
      AFP  -  59 words
    • 42 20 UPI INDIA plans to aggreaaivety compete in the international arms market tor the first tfms in an effort to gsnerats funds to financs military imports snd modernise the armed forces, Defence Minister KC Psnt said yesterday. UPI
      UPI  -  42 words
    • 40 20 Bernama THE propoaed Joint committee between Indonseia's East Kslimantan province and East Malaysian Sabah state to coordinate efforts in eliminating problems along their common border ia due to be Isunched in May, officials said yesterday. Bernama
      Bernama  -  40 words
    • 50 20 Bernama SARAWAK recorded a trade surplus of M 53.2 billion during the first 11 months of lest year. This waa due to higher export earninge of M 66.6 billion compared with M 53.5 billion in import value, according to preliminary figurea releaaed in Kuching yeetorday. Bernama
      Bernama  -  50 words
  • 91 20 Reuter COMEX GOLD FUTURES shaved •arty losses on scattered bargain hunting buying after prices came down but did not penetrate last Friday's four-month lows early yesterday. Reports in New York said that the pre-weekend sell-off through psychological support of US$4OO was sparked by large-scale producer selling of forward
    Reuter  -  91 words
  • Page 20 Advertisements

  • SHIPPING TIMES
    • 467 21 Reuter THE ROYAL Nedlloyd Group plana to order 15 new container veaaels, involving an investment of 1.5 billion guilders, a spokesman said in Amsterdam. Mr Rob van Heeren, managing director of Nedlloyd's shipping subsidiary Nedlloyd Lines, said Nedlloyd had asked several European
      Reuter  -  467 words
    • 355 21  -  By RICHARD NG Writing for BT from Bangkok THE Port Authority of Thailand has removed longstanding Surah Singhasenee as the Bangkok Port chief and replaced with one of his deputies, Mr Boonying Urairat. The move, said the En-glish-daily The Nation, is believed to have been
      355 words
    • 319 21  -  By AL O LABITA Jr Writing for BT from Manila THE PHILIPPINES will lobby for the formstlon of the Asean Federation of Ship Agents this year, says Philippine Ship Agents Association (PSAA) preaident Jesus Avecilla. It ia about time, he emphasises.
      319 words
    • PORT SIDES
      • 67 21 The US Coast Guard has called off a search for the crew of the Japanese freighter Port Star on Sunday after discovering the 20 men were still aboard. The vessel sent a distress call to Japanese authorities on Saturday saying the crew was abandoning the
        67 words
    • 576 22 Fairpiay A PORT is only aa good aa people think it ia. That appliea not only to its cuatomere, but alao to ita labour. The way people aee the Port of Tilbury is changing. They aee a more poaitive attitude in
      Fairpiay  -  576 words
    • 800 22 AB Shpg V 5 ABC Container IX 1 Accord Shpg VI 3 Alhrons IV 1 Anro Service IV 2/3 ANl 1 1/2 A PC line V 4 API HI 2/3 Arrow lines IX 5 •Asa Ul 1 Bolt-Canoda line VH 4/5 Bolt-Orient Line VH 2 Baltic Orient
      800 words
    • 258 23 Lloyd's List A COMPUTERISED system aimed at reporting and logging instances of maritime fraud could be in operation by the end of tt>e year, the International Maritime Bureau (1MB) said. The system, which would be operated out of the IMB's offices in
      Lloyd's List  -  258 words
    • 374 23  -  By SHIRISH NADKARNI Writing for BT from Bombay BOMBAY PORT showed an increase of 13.5 per cent in traffic handled for the financial year 1987-88 over the 1988-1987 figures, according to figures released in a report by the Bombay Port Trust administration authorities. From
      374 words
    • 222 23 MR Brian N Wright has been appointed region marketing manager (South-east Asia) of Nedlloyd Lines. He succeeds David R Macleod who has been transferred to Nedlloyd's region management (Caribbean Basin) as region marketing manager. Mr Wright joined Nedlloyd (Australia) as operations manager in 1977. In 1960, he
      222 words
    • 270 23 AFP RATES for all sizes of dirty tankers out of the Quit States area were lower over the past week, with owners competing among themselves and allowing"** charterers to force rates down, E A Gibson said. The latest reported fixtures from the area show VLCCs and other sizes
      AFP  -  270 words
    • 149 23 SALVINDO Towage and Salvage recently located a tanker which drifted at sea due to a power failure. The Dwima 1 a 2,551-tonne tanker built in 1980 was on a laden passage from Labuan bound for Bangkok when it started having engine trouble on Jan 18. It
      149 words
    • 3059 28 Kutol. Cl|M»gikl. Jan 2MPab 1 WMponfca. Trtot. Jen 31. MBp Pa Vaga. CM O'APr element Feb 1. Hangkong Eapreaa. Trtot. Fab 3|MQ. Maarek Parte. Maerek Una. Feb 1 Ever Queet Evergreen. Feb 3. MMg Promotion. Veng Mtag. Feb 4. Tang He.
      3,059 words
    • 963 28 GRAIN chartering on Friday was slightly mora active than of lata, but rataa showed an easier tendency and reeulted in a 16 point fall in the Baltic Freight Index to 1,617, brokers said. Grain was fixed from the US to Rotterdam at a lump sum of U*****.000. which
      963 words
    • 1088 28 STESJ M Hoi foo«g Koto Mo* (<XoW«« KriiMMo Kwtoi *oM> (rooks Win Two HiOMNVfttt Equator* Cwgckmg GoW laof Kop Sairao* Koto Magak Nadkoaario TronSw PAS* PA AT CONVENTIOIiAL WHARVES UW II ATTTf IMpSnUTV WHARVES cat otoooKto 3101/0400 K2* nlo.giHi 0102/1X0 K3I nanytfm KM otoagMa 3101/0(00 K3B aioagada
      1,088 words
  • Page 21 Advertisements
    • 711 21 <w J aOP ht, TIMES ,i STP Distributors Tan** Mtahnf Cnup OOCL Dedicated to Quality Service OHK SHIPPING AGENCIES (NEW CR NO IS 3M2MMK) 200 Cwte—urt Road #12-05 Sort***. Singapore 0201 T«l *****11 TELEX HO RS ***** TERMINAL/CES Tol *****11 220 BOOKINGS TM *****4 235 PESAKA JAROINE SHIPPING AGENCIES SON.
      711 words
    • 58 21 QSMPB After a period of decline, the Port of Tilbury is on an upswing, getting new services ond spending new money to get even more services. Page II A COMPUTERISED system aimed at reporting and logging instances of maritime fraud could be in operation by the end of the year,
      58 words
    • 819 21 *°v TIMES STP Distributors stV: MAERSK LINE MARCHEN M (904 MARGRETHE M (90S OAS M LAURA M TNe MM Merit M CY 7/2 0700 MRS CFS 6/2 2100 MRS UAfMRCTtC M «0t LOUBM MM M. «M LAW M «M LAURA M MM REOMA M MM week M PH CV 1/2
      819 words

  • Page 22 Advertisements
    • 614 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT kjiOOOJLiITA nirrvnivA HONGKONG EXPRESS PROSPER CITY OF ECMNBURGH LARGS BAY LONDON EXPRESS LONDON V SENCAIRN P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN, AARHUS, GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM, CARIBBEAN A S AMERICA CONTAINER
      614 words
    • 19 22 Lines and services represented by /»V Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. V
      19 words
    • 402 22 POLISH OCEAN LINES Kl IU Pe'irj 6:32*3 OPTORG SHIPPING STBJ9O-* If 2 to europc cotrr wl FROM EUROPC CONTAINERISED SERVICE iii iii I >uY* ->»• a? jt MT n w cot »«P MS Mp9 IMB vm 2<m up urn op mm 17/4 17/4 11/4 21/4 t THAEUMNN I*l N. CECiaSKI/3
      402 words

  • Page 23 Advertisements
    • 1172 23 A v\\ SZ2 The Straits Steamship Group P&O Containers STRAITS SHIPPING Singapore to Sabah, Sarawak. Brunei Ports and Bangkok CONTAINER SERVICE TO UK/CONTINENT: CONTAINERSHIP SERVICES TO/FROM BANGKOK SPORE BKOK PEGASUS PIONEER VI7N 0102 F* 04 OS FaS PEGASUS PROGRESS VSS7N OS-OS Fab AMI Feb BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL
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    • 502 23 USA/PANAMA VESSEL ef m EF OM ||ZJZ TMTI SEN lEF 117 NEW VNK SEN lEF M MM MJ3 lUS till KJ4 03 04 10J4 mmn it za.it •A MS Mil MJI 17.11 WA M 4 17JI IIJI ZIJI MmII K MJZ M* TO USA/CANADA WEEKLY FULL CONTAINER SERVICE 2331Z3 3HH
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  • Page 24 Advertisements
    • 498 24 c> vl SXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN NCELAD PJI (72 IRAN TAKHTI PJL (73 Singapore loading for:ETA 1/2 BANDAR ABBAS ETA 13/2 BANDAR ABBAS KYOWA LINE PACIFIC MOTHER VSI KYOWA VIOLET V 23 KYOWA HIBISCUS V 35 LOAD FOR: VILA, NMA, LTK, SUVA. PAGO,
      498 words
    • 1066 24 I (Jf) HANJIN SHIPPING CO., LTD. KUI.I Y CONTAINERISED SERVICE FIIROPF VIA SIIP7 TO USA PACIFIC SOUTH WEST TO FAR EAST PORTS TO PACIFIC NORTH WEST CANADA I FROM EUROPE VIA SUEZ SEVEN SEAS BRIDGE CSC OOCL DOMINANCE IE KOREAN CHANCE 40E NUMBER BRIDGE IE U Havr* fitow* R dam
      1,066 words
    • 919 24 Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE MKC KSC KLC ruj OSK TTO CHS ftAL MYT "Till# If I*o2 um um vm mm am a* um £2 vm nm nxu am vu u« 25 Di Si M U» M KE .id vS IIM UM OQ VC w !W 11« ut!
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  • Page 25 Advertisements
    • 754 25 PACIFIC INTERNATIONAL LINES wIW\ PIL Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE _*CCtmNQ MUWURAJt/TOMAKOMAI/HfTACH» CAROO VIA HKQ JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE I*s*7' nr» r*+r BANGKOK CONTAINER SERVICE BEL A WAN/STRAITS CONTAINER SERVICE SM BLW HN PKL SM 2S/1 1/2 2/2 V 2
      754 words
    • 443 25 vr% BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT WWW ALL VESSELS ACCEPT TRANSHIPMENT CARGO TO/FRO* PENANG AND EAST MALAYSIAN PORTS TASMAN. ASIA SHIPPING B?r A?»rctes T >«i .Lb h Lumpur Binder» T »l 7 34 0323 Fj« Pt K<»l3ng Reifl»rj T »i Y* P?njng
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    • 403 25 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYI P.T. OESUDI LLOYD P.T. SAMUDEDA INDONESIA P.T. TRIKORA LLOIfD EXPRESS SEMI CONTAINERSHIP SERVICES Pari Said, Port Alexandria, Genoa, TrlnH. ALSO ACCEPTING BOTH CONTAINERSTtoNVERTIONAL CARGO VIA T/S TO UK PORTS, NULL, L£ HAVRE. OSLO. COPENHAGEN, AARHUS. GOTHENBURG ANO HELSINKI Aganr» HA JAVA
      403 words
    • 300 25 BOUSTEAD SHIPPING AGENCIES N-« VI3W PACAA VI37W HTOIKYWA V243W BURMA FIVE STAR SHIWH6 CMtPfIRATIMI (Burmese National Line) 1 Loading for Rangoon I Vpon P.Kelang Penjng BanjkoJ aw JM 2MI JMI 1 mtmnr* 3 J*; i LJMD jl 1 IVY BANK V23N TAUSALA SAMOA VI4N MORAYBANK V7N SPORE ROAM HULL HMBG
      300 words

  • Page 26 Advertisements
    • 588 26 Q K. LINt KAWASAKI KISKN KAISHA. LTD. EXPORT it' IMPORT a ,1 i us UXI n> 10/3 in IZ3 rc+i Z FXPORT IMPORT QUEENSWAY BRIDGE OOCL DOMINANCE OOCL DOMINANCE KOREAN CHANCE k FEEDER VESSEL ASIA STAR r* 12/2 14/2 15/2 A. i DDR PT EL 17 C TOWN E. I
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    • 429 26 o to. 10 W 'M AUSTRALIA EXPRESS CONTAINER SERVICE INDIA EXPRESS CONTAINER SERVICE Acc*p4tafl FCLSFCL Container* INDIA/JAPAN/INDIA SERVICE AcMpdng FCL Contain<r> snd Conventional Cfjft Alao Milih A Staal Product* Siwgapori P Umi Pimm laatfog tar. A VESSEL J Fak Keta/Nagoya/YokahaiM ITALY/MEDITERRANEAN SERVICE AccapMng Tlmtoy/Braafctoufc atao PCL Contatnara Alm Trimlo. P.
      429 words
    • 548 26 ss GOLDEN LINE GUAN GUAM SHPPWG (PTE) LTD a T«M Ayar SINGAPORE U siM rti nam (in lines) f« uosm STRAITS/PERSIAN GULF SERVICE: Sport PKatoai QOCDtN HARVEST MridWO«tM/KtnHK MM QOLDEN VOMOa CdOTWKaradM/Outw IVU F«k CHINA SERVICE A VESSEL !*«<«■/SlMtfM MTU FA CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC
      548 words
    • 403 26 PHIU Oni€NT LIN€S PT€ LTD HIAO OFfiCE 63 ROB.SSON ROAC -C" 12 AFRO AS A BUIIOING S SGAPORf 3'C5 TELE* RS 29?20 PM'Li EA« *****76 i<o n-a ETA SINGANMCIKSTINATKM »»■»< —'T Ezrr^r 2t2 SSF® i NE* GENTRAOE I 2/2 m u TTT* "T BEIRA. TMMTAVt. P. SUOAN REUNION, TANGA, P.
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  • Page 27 Advertisements
    • 803 27 Engum* Ft EU/J vmn nwk NEPTUNE AGENCIES PTE. LTD. si,, sk a s 27*115 *****16 *****11 *****41 NEPIME SON M ksmt 1 SuSS" gosf am C7MO *****1 EXPORT IMPORT i m MOTHER VSL O. Educator 67E O. Explorer 47E N. Amber 2E O. Executive 86 E HOU NTE 1/3 4/3
      803 words
    • 193 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG. KEELUNG. BUSAN. INCHON -illMi t-n .<«:; 1 A ;ii > VoootJ't Nmn ETD BS S'POflE PKIC REE MOAN MJI •ONAfiNCT/WN Bfl2 (12-4301 0/1-1/2 V-MO2 VLVm 17*2 taottA/MN am **rm ■mm v-vm a-«m am fNO I OOWAMfW 3tyU H-up
      193 words
    • 160 27 te JE CONTAINER UNE TEL: *****59 FAX *****63 WfFT^TTILiiTf Til t K ■ELLINGTON N. PLYMOUTH YOKOHAMA JAKARTA 1/2 I*2 KARACHI HP *UP CALCUTTA W I W CMITTAfiONC till V IFRBMNTLE MHI Id I MELBOURNE 711* <Q OTHER PORTS P. LOUIS f. won LAlJtAOftlfl JE CNTR LINE (PKELANG) TEL (03) *****03
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    • 610 27 s r 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 ***** PENANC KELANC i .rrsrs SJtjz. r.riiciSr"" vjggS&mJiv&GXß Tat *****1/*****1 Th: HA «214 "FEBLOS" 22nd Fir.
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  • Page 28 Advertisements
    • 300 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 (34 Laws) FAX *****39/*****76 TELEX RS ***** A/8 SSCMA. RS ***** A/B SSCAO f i DSR-LIMES /EB DEU t PRACHT SEEREEDERE ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN ft NORTH CONTINENT EUROPE "WA LAMIACA: ACCEPTING CARGO FOR LIHASSOL,
      300 words
    • 72 28 T.S.K. LINE WEEKLY CONTAINERISED SERVICE WITH FIXED DAY ARRIVAL TS KLINE OFFERS THE FASTEST TRANSIT TIME TO TAIWAN/JAPAN MV. HAKUSAN H V-2 ETA SIN 7/S/M SPORE -> KAOHSIUNG > KEELUNG TOKYO -> SHIMtZU "> NAGOYA KOBE 4 DAYS 5 DAYS DAYS 9 DAYS 10 DAYS 11 DAYS TSKLINE AGENCIES (S)
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    • 49 28 TmSm. mum samco Tn SKY HOVER Z1 UN In Pt HONGKOMC ACCEPTING B/BULK I SOC ft COC CONTR ft PROJECT COO. OTHER PORTS ON ENQUIRY agents: KYC LINE (S) PTE. LTD. («r) Ttu mini nx rs mi« kvcl pul tutm pa) til: nma nx w mr* arv pax.- wan
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  • Page 28 Miscellaneous
    • 142 28 r Regional Weather m i "M ►kSi jv 4 v Sx X SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AM. Jm SI, 1M» Wnd drection with speed n knot* Wove Ke«ghi LEGCNO R Thunderstorm Temperature A V Sio<n> Weother Wnd drechon with speed *1 knots Ron vj Cloudy Sk, Wov
      142 words

  • Page 29 Advertisements
    • 1803 29 f Tatsumi Marine I DIRECT 3AILMQ TO PAPUA NEW GUINEA (ACCEPTING BREAKBULK) Direct can to other ports sub/eel to inducement (also accepting transhipment cargo: OROBAY MAOANG. KIETA. WEWAK KtMBE. RABUAL via LAE) S'PORE: NEPTUNE AGENCIES PTE. LTD Tel: *****77, *****34, *****71 rip. ornci: m mahinc aims ftl ltd. (tforo til
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    • 191 29 71 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD SINGAPORE TEL: *****22 FAX: *****76 jIfIjIRAQI LINE S T 4 T I S» '0* ■t* iTm EAST BOUND SERVICE ETA S PORE LOADING FOR MV ALKINDI 15/2 J .pan WEST BOUND SERVICE MV SINOBAO 1/2 UM Qav/Basrah/BaflN THROUGH B/U to BAGHDAD UPON REQUEST
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  • Page 30 Advertisements
    • 482 30 jUjC>Hai Sun Hup Co (Pte) L r EL *****06 (20 Lihesi TLX HS ***** ARS 2(. <i fc. VS|| K\ |\f k I II) STRAITS/ JAPAN/ STRAITS SIRVICi iPECIALIST IN RO-R0 HEAVY LIFT •for Discharging Only ALSO CALLING OTHER JAPANESE PORTS HONCKdNr TAIWAN A CHINESE PORTS, SUBJECTINWCEMCNT I MLintermaritime SOUTHERN
      482 words
    • 412 30 YANG LINE EXPRESS FAR EAST/EUROPE FULLY CONTAINERISED SERVICE WESTBOUND aim accepting tor Inland UK d«tinjtton» Antwp and Scandinavian port* FMG 'LOT* ME»C»NT( G»ANCOLOMO »N< S A NATIONAL LINE Of COLOMBIA EA3TBOUND SEVENSEAS BRIDGE CK OOCL DOMINANCE IE KOREAN CHANCE Ld« tor HK/KAO/tUSAN/OSAKA/TOKYO CAVN COMPANiA ANONiMA VCNCIOuANA Of NAVCOACION (NATIONAL LIN€
      412 words
    • 474 30 rr\ .KWJOIOJ HfcNANG *****7/8 P.T. MASKAPAI PELAYARA P\lV.l PULAU LAUT CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA THAILAND ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL *****77 iC VSL TANAH AIR OKUNOZE
      474 words
    • 549 30 MKh CALL US AT: P. KELANG PENANG J BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4, *****3 07 *****8 07-*****3. *****5, *****0, *****1 02 *****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE f KELANG WLJZ r-> rrr rrm TO EUROPE FHOCR MTANC US a. butanc sn BUTANC m B BUTANC SB
      549 words