The Business Times, 2 March 1990

Microfilm: NL16959
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Friday March 2 1990 75*
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  • NEWS SUMMARY
    • Article
      Indonesian chamber to seek Japanese loan
      42 1 THE INDONESIAN Chamber of Commerce and Industry will seek a soft US$l6.B million loan from its Japanese counterpart to build a world trade centre in Jakarta, the general secretary of the chamber said yesterday in Jakarta.
      42 words
    • Article
      Support for Batam
      39 1 Taiwanese businessman Cheng Kuang-Po's Batam International Development Co, which is developing a US$4OO million industrial park in Batam, is setting up an office in Singapore to market and provide management support for the project Page 2
      39 words
    • Article
      Call for prudence
      41 1 CHINA yesterday urged Japan to "act prudently" on a US request to share more defence responsibilities. "China hopes that Japan will act prudently in view of historical lessons," said a Foreign Ministry spokesman, alluding to Japan's wartime record.
      41 words
    • Article
      HK incentives needed
      50 1 The Hongkong government has been urged by an accounting firm to broaden the tax base and increase incentives for businesses and individuals to establish themselves. The request is accompanied by a warning that these enterprises will otherwise drift elsewhere in the region especially to Singapore Page 10
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    • Article
      In the air race
      33 1 Battered by 130-knot headwinds and chilled to the bone, 11 intrepid flyers scrambled over the Alps to Paris and the end of the Malaysia International Air Race Page 15
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    • Article
      Surgeries galore
      32 1 Going for an operation but not quite sure what to cut? Here's an update on the types of surgery you can find before you go under the gas Page 17
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    • Article
      Boosted capacity
      21 1 Tokyo Senpaku Kaisha Line has boosted its capacity on Asian routes by 60 per cent. Shipping Times Page One
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  • MARKET SUMMARY
    • Article
      Dow down
      29 1 PRICES of leading shares on Wall Street declined early yesterday, with the Dow Jones industrial average down 3.15 points at 2,624.10, five minutes after the market opened.
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    • Article
      Footsie down
      21 1 At 1200 GMT, the Financial Times-Stock Exchange 100share index was 16.8 points, or 0.7 per cent, lower at 2,238.6.
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    • Article
      Audit of KL brokers
      34 1 The Kuala Lumpur Stock Exchange is getting to the bottom of large number of missing scrips to appease angry investors. It has ordered an audit of broking firms Page 3
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    • Article
      Gearing up for options
      24 1 SES gears up for relaunch of options trading later this year. For a start, it is holding seminars Page 3
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    • Article
      US$ expected higher
      37 1 The scramble for US dollars among speculators and commercial buyers that has rattled the currency market this week is likely to continue to drive the greenback higher against the yen next week Page 8
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 781.71 -2.34 Kuala Lumpur 3039.75 -15.48 Hongkong 2933.13 -18.85 Tokyo *****.58 -762.41 Sydney 1570.1 -4.7 Wednesday Change New York 2627.25 +10.13 London 2255.4 +0.6
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    • Article
      CURRENCIES
      22 1 Exchange rates US$ SJI.87I5 Yen SI.2502 MS SS0.69I4 Money market rates Overnight 5 1/4 5 1/2 3-month 6 1/8 6 1/4
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    • Article
      COMMODITIES
      36 1 London Gold AM fix US$406.25 -US$1.45 Rubber S'pore Apr !59.25«/kg +2.75 M'sia Apr M229.50«/kg +0.50 KL Tin Turnover 65 tonnes -46 Spot MS 16.83/kg -0.19 Crudo palm oil Turnover 872 lots -102 Mar M$665/tonne +9
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  • Article
    Businesses expect a mild Budget with few carrots
    590 1  -  By Anna Teo WITH A HEALTHY $4.8 billion surplus on its books in calendar year 1989, the government is not likely to be seeking to raise revenue when it unveils the 1990/1991 Budget today. Higher taxes are not on the cards, although
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  • Article, Illustration
    Sharp rise in Singapore investments in Indonesia
    380 1  -  By Lee Han Shih SINGAPORE'S direct investment in Indonesia surged in the First 40 days of the year, amounting to US$l66 million, or 15 per cent of its total investment commitments. This figure of US$l66 million is remarkable when measured against the total
    380 words
  • Article
    Lock icon Simex committee proposes Dubai crude oil contract
    392 1 Reuter A SINGAPORE International Monetary Exchange (Simex) steering committee has recommended the launch of a crude oil contract for the leading Middle East Dubai grade before June, say industry sources. This will be the world's first futures contract for a "sour" high-sulphur, heavy
    Reuter  -  392 words
  • Article
    Vellu did ask for loan: Daim
    153 1 MALAYSIAN Finance Minister Datuk Paduka Daim /ainuddin yesterday confirmed that Malaysian Indian Congress president Datuk S Samy Vellu had asked the government for a soft loan of Msloo million to bail out numerous ailing projects undertaken by his party. In a written reply to
    153 words
  • Article
    Lock icon Tokyo cash squeeze in the offing but recession unlikely
    241 1 AP RECENT UPHEAVALS in Japan's capital markets may put a financial squeeze on Japanese industry and trim growth, analysts say, but few believe a recession is in the offing. "Economic conditions are still strong," said Hiroshi Kadota of the Japan Federation
    AP  -  241 words
  • Article
    Lock icon Tokyo stocks tumble
    122 1 AFP THE Tokyo stock market turned tail yesterday with the Nikkei index shedding 762.41 yen or 2.2 per cent to *****i8 its eighth biggest single-day drop on record. It had risen 694.04 on Wednesday. Futures-linked arbitrage selling, mainly from foreign brokerage houses, was the main cause for
    AFP  -  122 words
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      186 1 H 'Wedding 'Package $220.00 nett per table iKfil FREE FLOW of stout, beer, soft drinks etc. (Min. 10 tables) Hong Kong Dian Xin <* i \no I Yuan him: Road above Juronx Bowl) j i \\Singapore 2261 Tel 26X 4511 2M 9906 J A GOOD DEAL FOR THE WON 12
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      6 1 BIDC sets up office, Pg 2
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      56 1 npum© o l 1 MIMTUTA Quadruple Zoom+Auto Two-Color, -r., L^Jm US report favours greater govt role in industry, Page tl Jm <^*^I'wi^tf itt h f AaßeHawWrr fl^Pf 't 1 .IK9B& t *2*>' '^HKKENraf AT A. TKSTONI BOUTIQUES #01-15/16 Hilton Hotel Shopping Gallery Tel: *****55 #03-28/29 Mandarin Hotel Shopping Arcade Tel:
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      3 1 Leader, Pg 12
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Defence sector offers business opportunities
        77 2 SINGAPORE'S defence industries will offer business opportunities to foreign firms in the areas of sub-contracting, joint production and joint research and development, said Briga-dier-General (Res) Lee Hsien Loong, the Trade and Industry Minister. He said joint defence-related projects with neighbouring countries are ideal but these
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      • Article
        Chesterton's the agent
        81 2 PROPERTY FIRM Chesterton International has been appointed as marketing agent for Ngee Ann Development's (NAD) share of the office space in the $800 million Ngee Ann City project along Orchard Road. y NAD owns 34,000 sq metres of office space in the twin towers above the complex's
        81 words
      • Article
        Iraqi Airways coming
        69 2 IRAQI AIRWAYS expects to start scheduled services out of Singapore in May this year, adding to the growing list of airlines serving Changi Airport. The Iraqi airline's office at Robinson Road will be officially opened this afternoon. There are now more than 50 airlines operating scheduled flights
        69 words
      • Article
        Danzas opening office
        55 2 DANZAS LTD, an international freight forwarder based in Basle, Switzerland, will officially open its Singapore office next week. The group, which was founded in 1815, had a turnover of more than Sfr 8 billion (Ss3.B billion) last year. It operates more than 600 offices worldwide and employs
        55 words
      • Article
        Call to S'pore investors
        79 2 THE MALAYSIAN High Commissioner to Singapore has urged Singapore companies to set up a base in Malaysia as part of their strategy for growth and competitiveness. Dato Zainal Abidin bin Mokhtar said such investments .will strengthen the ties between the two countries. He was speaking at
        79 words
      • Article
        Best blooms
        59 2 SINGAPORE clinched the Best Display Award at the Hongkong International Flower Show '90 last week. The republic's entry of 4,000 stalks of orchids arranged in a pebble garden beat 60 other international and local entries. This was the first time Singapore had taken in the show. The winning
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      • Article
        Corrections and clarifications
        43 2 IN OUR REPORT yesterday headlined "MAS curbs foreign speculation on property", we mentioned as background information that Amara Hotel was among the properties bought by the Paul Sun group of Japan. That is incorrect. We are sorry for the error.
        43 words
    • Article
      Batam Intl opens Singapore office
      261 2  -  By Walton Morais TAIWANESE businessman Cheng Kuang-Po's Batam International Development Co, which is developing a US$4OO million industrial park in Batam, is setting up an office in Singapore to market and provide management support for the project. The setting up of the Singapore office, together
      261 words
    • Article
      IT should now be about adding value
      186 2 A RADICAL rethink in the use of information technology (IT) from a mere tool for productivity gains, to one that is a competitive tool for new and higher value-added activities is the key to success in the *****. Education Minister Dr Tony Tan
      186 words
    • Article, Illustration
      December saw 21pc rise in total bank loans
      339 2  -  By Quak Hiang Whai TOTAL BANK LOANS in Singapore expanded moderately by an annual rate of 21 per cent in December last year, down from an adjusted annual rate of 23 per cent in November. According to the latest Monetary Authority of
      339 words
    • Article
      Kyoei! KogyoJj sets up shop
      281 2  -  By Anna Teo THE growing scale of research and development in Singapore has prompted a Japanese mould and plastic precision parts maker to sdt up operations here, its first such plant overseas. Kyoei Kogyo Co Ltd intends to make Singapore its overseas base as it
      281 words
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      Page 2 Advertisements Column 1
      205 2 r U DBS Bank Has A Unique Approach!) Service v "Hiat All M < f j^ t> BP fT i? X? M wk 1 I* Jfl 1 w PT'Hr yajfe-.-' fl E& lipp^^ 1L _.J* Ik A An Jason Lee Binkmanage dto ue,y t anvo: It 1 niv m fits
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      MARKET SUMMARY
      279 3 Other indices Close Previous Net change Mar I Feb 28 Net Change BT Composite 1353.29 1 356.13 -2.84 BT-MGA 781.71 784.05 -2.34 ST Industrials 1546.05 1550.06 -4.01 BT OB/OS 75 +J® BT CADI 5322 "JJ52 -70 tfT 10-day MA -5254 -5247 BTOBV +*****16 +*****72 -***** ST Finance 2644.47
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    • COMPANY BRIEFS
      • Article
        KIO now owns 9pc of Sembawang Shipyard
        99 3 KUWAIT Investment Office (KIO) has raised its stake in Sembawang Shipyard to 9.02 per cent following the purchase of 12.37 million shares on Feb 19. Before the purchase, KIO owned 3.99 million shares which were registered in the name of J M Sassoon
        99 words
      • Article
        MMC buys into Tepat Teknik
        61 3 MALAYSIAN MINING Corporation is to take a 51 per cent stake in a mechanical engineering and steel fabrication firm, Tepat Teknik Sdn Bhd, for M 53.67 million cash or $6.50 a share. MMC said the rationale for the deal was that the engineering and fabrication
        61 words
      • Article
        No deal, says Landmarks
        37 3 -j LANDMARKS Bhd said it has not entered into any agreement with the Kedah State authorities or ary other party to take over the 460 hectares being developed by Promet Bhd in Langkawi.
        37 words
      • Article
        Inno-Pacific denies report
        74 3 INNO-PACIFIC Holdings Ltd, a member of the Innovest group, responding to a BT story yesterday headlined "Innovest eyes Sunshine Allied stake", said the company is currently occupied with the completion of its acquisition of a stake in thocolate Products. It said the company is not involved in
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    • Article
      CDL Hotels makes active debut
      281 3  -  By Conrad Raj ,OF THE SEVEN new stocks listed yesterday on Singapore's over-the-counter market, Clob International, it was not surprising that CDL Hotels International was the most actively traded stock. In fact the counter, which hitherto was listed only on the Hongkong Stock Exchange, even
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    • Article
      Tokyo market may be marching towards the day of reckoning
      513 3  -  THE HOCK LOCK SIEW COLUMN By Rosie Tan IS ADMIRABLE the way the mar- -Jcet here and elsewhere reacted to the »'3big bust in Japan. Share prices stalled, Stumbled, plunged, sputtered but picked tip again and the perennial bulls re-
      513 words
    • Article
      Lock icon KL orders probe to trace missing share certificates
      420 3 Reuter THE KUALA Lumpur Stock Exchange (KLSE) has ordered an audit of broking firms to trace a large amount of missing share certificates and appease angry investors. Sources involved in the probe said some of Malaysia's 53 broking firms could be keeping
      Reuter  -  420 words
    • Article, Illustration
      Sia confirms bid for HK finance group
      357 3 SIA LENG YUEN, a substantial shareholder in Sunshine Allied Investments and Causeway Investments, has launched a HKSIBO million takeover bid for Hongkonglisted First South China Corporation (FSC) which he intends to use as his vehicle in expansion in the region. In an announcement
      357 words
    • Article
      Stock exchange gears up to re-introduce options trading
      522 3  -  By Magdalene Ng THE STOCK Exchange of Singapore (SES) is gearing up to re-introduce options trading on the local market. For a start, it is launching a seminar for the investing public later this month. The two-day seminar, to be chaired by
      522 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      485 3 Executive Relief s Information is the key to your success. Today's busy executive must have knowledge of the right skills, strategies, techniques.and philosophies in order to have the competitive edge. This knowledge and the latest trends in business, management, finance, marketing, advertising, etc are in the best business books published
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  • REGIONAL COMPANY NEWS
    • Article
      MARKET SUMMARY 2
      187 4 HONGKONG Indices Close Open High Low Volume Change Hang Seng Index 2933 2951 2952 2928 -18 Hang Seng Spot 2926 2935 2949 2920 484 -24 Close Previous Net Change Mar I Feb 28 Hang Seng Finance 2067.47 2085.39 -17.92 Hang Seng Utilities 3638.40 3648.43 -10.03 Hang Seng
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    • COMPANY BRIEFS
      • Article
        Taiwan Fund offers new stocks
        77 4 TAIWAN FUND Inc said the United States Securities and Exchange Commission has declared effective a public offering of 1,050,000 newly issued shares of the fund's common stock. The offering is being underwritten in the US by a group of underwriters led by Merrill Lynch Capital
        77 words
      • Article
        JFS-S buys four planes
        60 4 LEASING COMPANY Japan Fleet Service-Singapore has signed a contract with Airbus Industrie for the purchase of four A3OO-600R long-distance aircraft, Airbus announced in Paris. JFS-S, which plans to lease the planes to other companies, will take delivery by 1995 at the latest, Airbus said, adding that
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      • Article
        Paladin under inspection
        79 4 THE Hongkong government has appointed an inspector to investigate the affairs of Paladin Ltd, a listed investment firm, and the link with its financially ailing subsidiary, New Zealand Equities (NZE). Financial Secretary, Sir Piers Jacobs, has appointed John Robert Lees, principal of Ferrier Hodgson Spicer and Marfan,
        79 words
      • Article
        Sogo opens store in Jakarta
        109 4 A LUXURIOUS department store flying the flag of Japan's giant Sogo retail chain, opened in Jakarta yesterday even as a leading newspaper launched a critical attack on the company. The opening of the store in an exclusive new shopping mall, Plaza Indonesia, in the heart
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    • Article, Illustration
      Kamunting is intent on Sri Damansara deal
      456 4  -  By William Chia KAMUNTING CORPORATION Bhd is going ahead with the sale of Magnum Corporation's Sri Damansara project to Kuala Lumpur Land (KLL) despite objections from certain minority shareholders of Magnum. Kamunting chief executive Lim Thian Kiat told Bernama recently that he would
      456 words
    • Article
      IMC bidding for Thai project
      269 4 HONGKONG Marine-based giant IMC (Holdings) (IMC) is to bid for a Thai shipyard development project at Laem Chabang port. In a three-way tie, IMC will contribute between 20 per cent and 25 per cent of the equity while an undisclosed Japanese party another 26 per
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    • Article, Illustration
      Lock icon PAL to offer equity to foreign airlines
      217 4 Reuter STATE-OWNED Philippine Airlines (PAL) will offer equity to foreign airlines in a public bidding as part of its privatisation. The airline's spokesman Enrique Santos said that apart from a planned listing of part of PAL's equity on the Manila stock exchanges, the
      Reuter  -  217 words
    • Article
      Lock icon Television Corp's offer spurned by Bond Media
      274 4 Reuter BOND MEDIA Ltd, 51.6 per cent owned by Bond Corp Holdings Ltd, has rejected a takeover offer from Kerry Packer's Television Coip Australia Ltd (TCA) which is offering one of its shares for every 10 in Bond Media, valuing Bond Media at
      Reuter  -  274 words
    • Article
      New World intends to build two KL hotels
      361 4 IN A MOVE to establish a flagship in Malaysia, the New World Hotel group of Hongkong is putting together a deal within the next two months to develop two hotels in Kuala Lumpur for approximately HK$l.4 billion. According to South China Morning
      361 words
    • Article
      Lock icon Bank Duta plans Jakarta listing
      168 4 AFP BANK DUTA, one of Indonesia's largest private banks, plans to sell shares on the Jakarta Stock Exchange (JSE), the Bisnis Indonesia daily reported. President Suharto, who heads the three charity foundations that control 90 per cent of the bank's equity, has given the go-ahead
      AFP  -  168 words
    • Article
      Lock icon MBf Finance's M$ 43m profit is its biggest ever
      261 4 Bernama MBf FINANCE BHD has reported a six-fold increase in its pre-tax profit to M 542.84 million for calendar 1989, the highest ever achieved in its 22-year history. MBf chairman Tunku Abdullah said the record profit represented a very substantial increase
      Bernama  -  261 words
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      138 4 I Seminar I Thel99o Budget And Current I Developments InTaxation I The 1990 Budget is scheduled to be presented to Parliament on Friday, 2 March 1990. The aim of the seminar is to provide a briefing on the main taxation provisions of the budget. Recent developments in taxation will be
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      Page 4 Advertisements Column 2
      187 4 SINGAPORE INSTITUTE OF PURCHASING SUPPLY \XV The local professional institute affiliated to the world body The International Federation of Purchasing and Materials Management Applications are invited for the following courses commencing in April 90. All courses are subject to 70% SDF Grant. (CPM -rm INTAKE) ,cs ,MTAKE Duration 5 months
      187 words
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      117 5 i ";t I u*%. On v'S* w+i i. "9I 'U. i -t| *1 Now; the Stock Exchange of Singapore has a share of our technology. It seems that you just can't keep a good investment off data and video information speedily, accurately and the market these days economically. This will
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon US wants more room in Tokyo financial markets
      266 6 Reuter THE United States is to press for increased access for US securities firms in Japan at a meeting next May of the US-Japan working group on financial markets, US Treasury Undersecretary David Mulford said. Mr Mulford told the House Banking committee
      Reuter  -  266 words
    • Article, Illustration
      Lock icon Valdez oil spill could cost Exxon US$ lb more
      460 6 Reuter EXXON CORP is expected to bear at least another US$l billion in cost from the 1988 Valdez oil spill, but industry analysts say the US oil giant will emerge from the costly fiasco financially intact. "Exxon can withstand whatever the
      Reuter  -  460 words
    • Article
      Lock icon Digital may cut back on R&D
      203 6 Reuter DIGITAL EQUIPMENT Corp has hinted that it might be forced to cut back on research and development projects, although it has no current plans to do so. Digital president Kenneth Olsen said, "We are making... very large investments in development." "If things continue
      Reuter  -  203 words
    • Article
      Lock icon Philips chalks up 29pc rise in net profits
      257 6 Reuter DUTCH electronics group Philips reported a 29.6 per cent rise in 1989 net profits to 1.37 billion guilders yesterday despite weaker results at its microchip and computers divisions. Philips also announced the planned retirement of Cornelis J Van der Klugt, the
      Reuter  -  257 words
    • Article
      MARKET SUMMARY 3
      99 6 NEW YORK Feb 28 IndfcftS Clog, Previews Net Chape Dow Jones 2617.25 2607.12 +10.13 NYSE Composite 183.07 182.16 +0.91 Standard Poor's 500 331.89 330.26 +1.63 Turnover (nearest '000) 184,410 152,590 31,820 LONDON Financial Times 30 1781.40 1781.50 -0.10 FTSE 100 2255.40 2254.80 +0.60 Turnover (nearest *000) 363,000
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    • COMPANY BRIEFS
      • Article
        Union Carbide shares rise on takeover talk
        83 6 UNION Carbide Corp shares rose Va to 24Vi on continued rumours of a possible takeover of the company or a sale of some of its units, analysts said. 'Takeover or unit sell-off rumours at Carbide come up from time to time but I
        83 words
      • Article
        Lockheed moves on 'greenmaiP
        61 6 LOCKHEED CORP, defending itself against a planned proxy fight by the Dallas financier Harold C Simmons, said its board had passed a resolution affirming its opposition to the payment of "greenmair. A proposal made on Monday by Mr Simmons, who owns 18.9 per cent of Lockheed,
        61 words
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      150 6 If you 're a Royal First Class or Royal Executive Class passenger in transit at Thai's Royal Executive (Jasc lounge in Bangkok, you 'll find that whiling the time away becomes so much more pleasant. Here you can relax in total comfort, in the spacious surroundings and soothing atmosphere. Not
      150 words
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      325 7 1 k m I IF YOU WANT TO BUILD AN ISLAND, ASK A DUTCHMAN. We Dutch are famous for growing things. "Fine", we said,"where is it going to be built?". Rich, for instance. And tulips. They pointed out to sea. We all turned, and I VA/ D peered into the
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        IMF quota deal in sight
        81 8 FRENCH Finance Minister Pierre Beregovoy said he expected negotiations on the International Monetary Fund's quotas to result in an increase of 50-60 per cent. "An agreement is in sight," he said. France is unwilling to drop from fourth place in the IMFs rankings to fifth
        81 words
      • Article
        Tokyo bankers visit China
        92 8 A HIGH-POWERED delegation of Japanese bankers arrived in Beijing yesterday for talks with senior Chinese trade and finance officials. The delegation, representing 23 major banks and organised by the Federation of Bankers' Associations of Japan, is to discuss China's economic policies and investment prospects during their
        92 words
    • Article
      Lock icon Dramatic discount rate rise needed for yen: traders
      381 8 Reuter THE mad dash for US dollars among speculators and commercial buyers that has rattled the currency market this week is expected to continue to drive the greenback higher against the yen next week. Japanese investors, speculators and corporations are locked in
      Reuter  -  381 words
    • Article, Illustration
      Economist sees further rate rise, fall in US$
      403 8  -  By Soh Tiang Keng Financial Correspondent A SENIOR economist of Swiss Bank Corporation, Dr Jim O'Neill, yesterday predicted a further rise in world interest rates in the next few months and a fall in the US dollar by the end of the
      403 words
    • Article, Illustration
      Lock icon Economic union will take at least a few months: Pohl
      388 8 NYT DESPITE the wish of politicians in Bonn to speed up the monetary and economic union of East and West Germany, the president of the West German Bundesbank, Karl Otto Pohl, said it would take "a few months, at the
      NYT  -  388 words
    • Article
      Lock icon East Germany aims to control money supply
      293 8 AP EAST GERMANY has pushed its ailing economy another step towards compatibility with that of robust West Germany, as the two nations prepare for monetary union. Horst Kaminsky, president of the state bank, announced on Wednesday that East Germany planned to switch to
      AP  -  293 words
    • Article
      Lock icon Seoul considering membership in European bank
      145 8 AP SOUTH KOREA is considering joining the European Bank for Reconstruction and Development to be inaugurated later this year. The Korea Times reported yesterday that the government had already expressed its intention to become a member of the bank. The bank was first suggested
      AP  -  145 words
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      364 8 Ef- 6 i£' V M&m*' > < {2i xjki v• V mW- I B >m*% %.H \vJ3ML%> H H rM| H| *C t W'» r: j»-:y '**jy >x>- v ws- a <K <♦,** jLjjK Anldeathat 1 JpV,V ■■4& r* v v r Mer/Few Companies Will Appreciate. V I ■V r
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  • Page 8 Miscellaneous
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      179 9 How do you follow a leader like the HP LaserJet II Introducing the HP LaserJet EL We found three ways to improve our Plus a number of other bonuses. The Call Customer Information Centre leadership in laser printing. Sharper ability to print portrait and landscape, at 272 6677. resolution. Tighter
      179 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Lock icon Chinese jobless youth a 'social bombshell'
        73 10 AFP UNEMPLOYMENT in China is a social bombshell waiting to .explode and is a perpetual problem for millions of young people unable to find work, according to the China Daily. Rising unemployment is a result of China's 18-month-old austerity policy. In Sichuan alone, there
        AFP  -  73 words
      • Article
        Indon firm in garment tie-up
        74 10 INDONESIA'S PT Great River Garment Industries will sign a joint-venture agreement this month with Mitsui and Co and Itabashi Knits of Japan to set up a US$7 million garment factory in Bekasi, West Java, with an annual capacity of 1.7 mijlion pieces, The Jakarta Post
        74 words
      • Article
        Lock icon Chamber of commerce for Laos
        41 10 AP LAOS, one of the world's poorest nations, has established a national chamber of commerce and industry. The body would act as a coordinator between businesses, the Laotian KPL news agency said in a report. AP
        AP  -  41 words
      • Article
        Lock icon Big poll gains for Hindu party
        63 10 Reuter A RIGHT-WING HINDU PARTY has made a spectacular shewing in Indian state elections, opening up the prospect of a national coalition government. Analysts said the trend showed that the right-wing Bharatiya Janata Party was expected to form a government in at least three
        Reuter  -  63 words
    • Article, Illustration
      HK urged to broaden tax base
      509 10 THE HONGKONG government has been urged by an accounting firm to broaden the British colony's tax base and increase incentives for businesses and individuals to establish themselves, with a warning that these enterprises will otherwise drift elsewhere in the region especially to Singapore, which
      509 words
    • Article
      Lock icon Thai surplus with US up 77pc
      150 10 AP THAILAND'S trade surplus with the US jumped to 53.7 billion baht (US$2.O9 billion) last year, up 77 per cent from 1988, according to a US embassy news release. Bilateral merchandise trade reached a record 171.4 billion baht (U556.67 billion} last year, a 30.4
      AP  -  150 words
    • Article
      THAI chairman opposes plan for air cargo firm
      291 10 A PLAN by the Thai Transport and Communications Ministry to permit the establishment of a private air cargo operation to compete with Thai Airways International has met with strong opposition from the airline's chairman. The Nation reported on Wednesday that Kaset Rojananil,
      291 words
    • Article
      Lock icon Economist sees rising affluence in M'sia
      266 10 Bernama THE RISE in imports of consumption goods, which has continued to be strong over the past year or so, is a sign of rising affluence among Malaysians, an economist in Kuala Lumpur said. It would not lead to inflationary pressures in the medium
      Bernama  -  266 words
    • Article
      Lock icon Gangsters hurting Taiwanese business
      227 10 AFP THE INVESTMENT climate in Taiwan has darkened alarmingly after a third of small and medium-sized businesses surveyed reported threats from gangsters and other criminals. Quoting a recent survey by the Medium and Small Business Administration of the Economic Affairs Ministry, an official in Taipei said
      AFP  -  227 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      313 10 1 Ife AIL YEAR. CUJB MED CHEMTING. TENTH ANNIVERSARY SPORTS FESTIVAL March 7-11. Excit- THE SOUND OF MUSIC Professional SYMPHONY IN THE SUN A unique ing table tennis and waterpolo weekend. performers from France and Asia will get opportunity to enjoy live performance of South-East Asia's sports celebrities will everyone
      313 words
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  • THE WORLD
    • Article
      Lock icon Two cheers for improved GNP figures in US
      381 11 AFP THE LATEST health report on the US economy shows some improvement although there is still concern about the weakness of some vital signs. Washington revised on Wednesday its earlier estimate that the economy had grown at an annualised rate of 0.5
      AFP  -  381 words
    • Article, Illustration
      Lock icon Surprisingly small French deficit brings cheer
      215 11 Reuter FRANCE reported an unexpectedly small January trade deficit of 790 million francs (US$l4O million) on Wednesday, cheering both the government and French financial markets. The gap, France's best monthly performance since September, was well down on December's 2.44 billion francs (US$43O million) and
      Reuter  -  215 words
    • Article
      Lock icon British balance of payments deficit jumps
      370 11 AFP BRITAIN'S current balance of payments deficit more than doubled in January over the December level to £1.9 billion, its highest level since August. The seasonally-adjusted figure, released on Wednesday, was higher than analysts' forecasts of a January deficit of around £1.3 billion, but
      AFP  -  370 words
    • Article
      Lock icon US report favours greater govt role in industry
      325 11 AP THE US government is faltering as Japan and other countries work to make their manufacturers competitive, a congressional advisory agency said on Wednesday. "American manufacturing has never been in more trouble than it is now," the Office of Technology Assessment said
      AP  -  325 words
    • Article, Illustration
      Lock icon Retiring Ford chiefs fears
      201 11 Reuter A TOP American car executive who previously championed links with Japan now says he is uneasy about Japan's growing industrial might in the United States. Ford Motor Co chairman Donald Petersen, who retires this week after leading a revival of his company with Japanese help,
      Reuter  -  201 words
    • WORLD WATCH
      • Article
        Bush calls for lower business taxes
        72 11 US PRESIDENT George Bush called for lower taxes for US businesses on Wednesday as he began a four-day politicking-'? trip that will wind up with a meeting in California with th« Japanese Prime Minister. "Lower taxes are the key to making America competitive in
        72 words
      • Article
        World could save US$ 400b
        65 11 A FORMER HEAD of the CIA estimated on Wednesday the world could save US$4OO billion a year on its military spending. "The world as a whole in recent years has spent something over US$l trillion annually on military forces and J weapons," said William Colby,
        65 words
      • Article
        Union power in E Germany
        84 11 WEST GERMANY'S biggest union, the 2.7-million membet v engineering workers' union IG Metall, is opening eight ofTicttS* A. in East Germany. "A united Germany needs united, strong and independent unions," said a joint statement on Wedne»> day from IG Metall president Franz Steinkuehler and tlte
        84 words
      • Article
        Sharp goes to Oxford
        83 11 INTERNATIONAL electronics major Sharp Corporation Japan is to establish an opto-electronics and informati<m* technology research laboratory at Oxford University's neaf% Oxford Science Park in south-east England. The facilidU named Sharp Laboratories of Europe Ltd, will employ staff in the early stages, rising to 100 in the
        83 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      335 11 [ri ftl A futuristic interpretation of a legendary design: The Movado® Sapphire Museum® Watch. The famous Museum dot dial represents the quintessence of the modern design movement. Simple, functional, tasteful. Yet, the Movado Sapphire Museum Watch has a stark, dramatic look that delineates it as unique among the unique. It
      335 words
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  • Article
    Some pre-Budget wishes with a personal touch
    450 12 EDITORIAL LADIES and gentlemen, swallow hard and brace yourselves. It's that time of year again. If businessmen and women are reporting more severe attacks of preBudget tension, it's not surprising. Business costs are rising. Wages are outstripping productivity growth. Inflation, so far benign,
    450 words
  • WHAT THE OTHERS SAY
    • Article
      Pursuit of excellence from another angle
      162 12 ANY discussion on the pursuit of excellence, an issue addressed by Prime Minister Lee Kuan Yew at the recent PAP convention, must begin with the basic question of how we got to where we are today in the league of nations. In a word,
      162 words
    • Article
      New leaders, what line?
      114 12 PART of the philosophy underpinning the governance of Singapore today can be traced to the thinking of the older generation leaders. The reluctance to step down examination pressure in schools or to play down the importance of the mother tongue are two examples. It remains to
      114 words
    • Article
      Quotas and quick sand
      124 12 MANY will argue that there should be more discussion on the vehicle quota system; that there must be yet another alternative. It is like quibbling over the kind of rope when someone is sinking in quick sand. But, the problem is here and now. Perhaps, in
      124 words
  • REGIONAL VIEWPOINTS
    • Article
      Asean labour exchange
      126 12 ONE of the areas of intra-Asean cooperation that needs to be developed more intensively and more systematically is that of labour exchange. Even with a steadily-growing economy, Indonesia is bound to face unemployment problems in the years ahead. On the other hand some neighbouring countries such as
      126 words
    • Article
      Merger on whose terms?
      177 12 The two Germanys could soon be reunited, ending a humiliating period in its history beginning with unrealistic surrender terms imposed on the country after World War One. In fact, the reunification process is not so much a merger, as a type of friendly annexation by West
      177 words
    • Article
      Eh Gringo, lend a hand
      177 12 BEFORE the United States celebrates in earnest the victory of the United National Opposition (UNO), led by its charismatic leader Mrs Violeta Chamorro, it should reflect on the debt it owes Nicaragua. The triumph of the UNO would be hollow if the new government, set
      177 words
  • Article, Illustration
    Lock icon Winning a good deal for the won
    784 12  -  Choi Kyo examines Seoul's evolving exchange rate system Choi Kyo Reuter OUTH KOREA'S foreign exchange rate system, moored to the central bank for the last 10 years, sets sail next month into the uncharted waters of a free market. The Finance Ministry last
    Reuter  -  784 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      55 12 i "Sing Singapore"stor Robert Fernando performs at CHEERS! m l x l ~Jl* r d TV from I mis is®! »aSll^r''»■■»«•*** rnmm SsEJtir*** 3S3F- rT St-MSSTefs &>r~K-pf orchid inn 114 DIM! MN KMC SKJ>»O«» 11 J* 'H MB" THE MUSIC PUB tMr o» Hoog lw»9 0»«> Cheers! Hours. 5-Bpm everyday.
      55 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      45 12 DOONESBURY I THISISTHZPIVORCBOFTHB HUI. I've GOT NINB PtOPtS PI pecApe.OF m csmußyi THIS speaAL/sis, THE TOPS w TH&R l I U WORZB /5 SO dIG I GOT 65 HUP-JUST HANPUNG QU&>- ANDUJHAT H£Y, YOU PAY PtOPid AT A PR FIRM WORK VONS ABOUT MY INHPSCI77'
      45 words
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  • ANALYSIS
    • Article
      Wondering how workers' pay packets are determined
      1020 13  -  Who has the greatest say in setting workers' pay? The shopfloor view, unveiled in a first-time study, is refreshing for what it reveals about perceptions of productivity, and the role of the government and unions. Chuang Peck Ming reports. Chuang Peck Ming WORKERS
      1,020 words
    • Article, Illustration
      Have we learned the lessons of the '85 slump?
      1458 13  -  The 1989 Annual Economic Survey shows wages moving ahead of productivity over the last two years. Kennetn James, Economics Correspondent, reports what concerned businessmen and academics have to say. Kenneth James Business journalists hear the refrain more often than they would
      1,458 words
    • MORE FROM THE ECONOMIC SURVEY 1989
      • Article
        $5.3b BOP surplus
        94 13 THE balance of payments surplus was $5.3 billion last year, $2 billion more than the previous year. The current account surplus, which is the balances of trade, service receipt and transfer payment, rose strongly by 1.9 billion to $4.6 billion. The reason: a substantial increase in servi<£
        94 words
      • Article
        Big jump in revenue
        75 13 THE increase in government revenue, coupled with the decline in development expenditure, resulted in an overall government surplus of $4.8 billion last year, up $2.9 billion over the previous year. Total government revenue rose from $13.8 billion in 1988 to $15.5 billion last year, reflecting the
        75 words
      • Article
        Income tax collection up 27pc
        74 13 ABOUT two-thirds of the total income tax collected was derived from the corporate sector while one-third came from individual income tax. Income tax collection grew by 27 per cent; it was 20 per cent in 1988. Property tax collection rose by 13 per cent. Customs
        74 words
      • Article
        Statutory board transfers
        33 13 IN March 1989, 12 statutory boards transferred a total of $309 million from their 1987 surpluses to the government. In December, another $461 million was received from their 1988 surpluses.
        33 words
      • Article
        Expenditure 19pc of GDP
        59 13 TOTAL expenditure declined from $11.9 billion in 1988 to $10.7 billion. The decline was mainly due to lower development expenditure. Overall, total government expenditure as a percentage of nominal GDP fell from 24 per cent in 1988 to 19 per cent last year. This provides scope
        59 words
      • Article
        CPI went up 2.4 pc
        59 13 THE consumer price index rose by 2.4 per cent compared with 1.5 per cent in 1988. Prices of cigarettes and transport-related items, lie petrol, parking fees, and road tax, accounted for the rise. As world inflation continued its uptrend, the CPI is expected to rise
        59 words
      • Article
        More bank loans
        35 13 BANK loans grew at a faster pace of 21 per cent during the year. The bulk of the loans was used to finance property and share market activity, and for consumer financing.
        35 words
      • Article
        POSB deposits down 2pc
        60 13 POSB deposits as a proportion of total deposits in the financial system (excluding Asian Currency Unit) fell by another 2 percentage points to 18 per cent in 1989, compared with 20 per cent in 1988, and 21 per cent in 1987. It was a stagnant year
        60 words
      • Article
        CPF balances hit $36.1b
        52 13 NET CPF contributions surged to $2.4 billion, more than double that of 1988 because of higher contributions and reduced withdrawals. Members' outstanding balances amounted to $36.1 billion by end--1989, a 11-per-cent rise over the previous year. Eight-nine per cent of the balances was invested in Singapore
        52 words
  • Page 13 Advertisements
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  • FOCUS
    • Article, Illustration
      Lock icon Eroding competitiveness is root of KL's plantation woes 1
      1305 14 Malaysia has just completed another year of buoyant economic growth as its industrialisation policies begin to show results. But its main sector, the agricultural industry, is gradually falling behind. What does it have to do to catch up with the rest?
      Bernama  -  1,305 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      110 14 FOR IMPORTERS JL AND "Wf( EXPORTERS SHIPPING TIMES covers all aspects of local and international shipping (except, of course, the really technical aspects). The emphasis is on news that is likely to affect the Business Times reader. Covering the latest trends in the shipping markets, we also carry up-to-date news
      110 words
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  • SPORTS
    • Article, Illustration
      Lock icon Benz snatches glory from Abu Bakar
      410 15  -  By Charles Savage THE MALAYSIA Interna-, tional Air Race ended in a mad chase over the Alps as the 11 remaining planes sprinted to Paris from Amman, Jordan. Guido Benz stole the show with a full power spurt in his single-engine turboprop Pilatus PC9
      Photo by Air Race Pte Ltd  -  410 words
    • Article, Illustration
      Lock icon King gunning for third straight win
      321 15 AP PERHAPS they should call it the Betsy King Open. The Women's Kemper Open has changed islands and increased its prize money, but the big news is Betsy King, who is seeking her third straight title and the fourth of her career. The US$5OO,OOO
      AP  -  321 words
    • Article, Illustration
      Lock icon Course plays mind games
      502 15 AP THE BLUE MONSTER course plays mind games with the competitors who venture onto its windswept, watery lengths. "Particularly if you're playing good, got a good round going," said Mark Calcavecchia. "Somewhere around the 15th hole," the British Open champion said, "you start thinking, now, how
      AP  -  502 words
    • Article
      Hunting season starts with Rolex Masters
      333 15 BIRD-HUNTING is the most popular past-time at The Singapore Island Country Club and many experts on the subject will descend on Bukit to practise their art over the next two weeks. The hunting season opens next week with the Rolex Masters and about 150
      333 words
    • Article
      Lock icon England frustrated by rain
      257 15 AFP ENGLAND, tantalisingly close to its first victory over the West Indies since 1974, had to keep the champagne on ice after rain prevented any play on Wednesday. The start of play on the fourth day was initially put back after heavy overnight rain had saturated
      AFP  -  257 words
    • Article
      Lock icon Elliott hits his stride at last
      203 15 AP IN THE SPACE of four weeks, Peter Elliott, whose career seemed destined to end in unfulfilled dreams, has burst out of the shadows of his rivals into the spotlight of world track and field. Elliott, a gritty, down-to-earth steel worker from England's industrial
      AP  -  203 words
    • SIDE LINES
      • Article
        Lock icon Celtics keep Mavericks winless in Boston
        132 15 AP LARRY BIRD scored 31 points, and a 14-2 third-quarter surge led the Celtics to a 111-98 victory on Wednesday night that kept the Dallas Mavericks winless at Boston Garden in their 10-year history. The Mavericks, 0-10 in Boston, were led by Derek Harper
        AP  -  132 words
      • Article, Illustration
        Lock icon Lindqvist crashes out
        108 15 AFP Sweden's Catarina Lindqvist, rusty from a three-month layoff from tennis, crashed out of the U*****,000 Indian Wells women's tournament on Wednesday. Lindqvist, who also made an early exit last week in Oklahoma City, was beaten handily by unseeded Nathalie Herreman of France 6-2, 6-1. "I got
        AFP  -  108 words
      • Article
        Lock icon End of the road for Brooks
        61 15 AP JEREMY WILLIAMS and Oscar De La Hoya, a couple of high school students, advanced to the semi-finals of the US Amateur Boxing Championships on Wednesday. It was the end of the road, however, for Harold Brooks, a 36-year-old mortician, who was eliminated in
        AP  -  61 words
      • Article
        Lock icon Rangers stretch lead
        67 15 AP TROY MALLETTE scored the tie-breaking goal 49 seconds into the third period as the New York Rangers, buttressed by their special teams, beat the Washington Capitals 3-2 on Wednesday. The Rangers, who stretched their lead to four points over second-place Pittsburgh in the packed Patrick Division
        AP  -  67 words
      • Article
        Lock icon Park to coach Clippers
        120 15 AP BRAD PARK, a member of the National Hockey League's Hall of Fame, has been named as coach of the New England Clippers part of the new Global Hockey League. "The fans of southern New England know hockey," said Godfrey Wood, a Boston-based investment banker who
        AP  -  120 words
      • Article
        Lock icon Executive for Yankees
        85 15 AP US Drug Enforcement Administration chief John C Lawn is resigning after five turbulent years as head of the federal anti-drug agency, and will become an executive with the New York Yankees baseball team, the DEA said yesterday. Lawn has accepted an offer from Yankees owner George
        AP  -  85 words
      • Article
        Lock icon Davis suffers another loss
        89 15 AFP STEVE DAVIS's reputation as the world's greatest snooker player suffered another body blow on Wednesday when he tumbled out of the British Open in Derby to Welsh outsider Steve Newbury. Only time will tell whether the Englishman's 5-2 defeat marks the end of his reign
        AFP  -  89 words
    • Article, Illustration
      Lock icon Edberg goes down to Muller
      380 15 AP TOP-SEEDED Stefan Edberg became the latest upset victim at the Volvo Indoor as unheralded Gary Muller stopped the world's No 3 player 6-1, 7-5. Muller kept Edberg pinned to the baseline for most of the night on Wednesday as he used a low-bouncing serve
      AP  -  380 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1175 16 i GUIDE TO GOOD F00D... GUIDE TO GOOD F00D... GUIDE T0... li ii lap g r g=gggg!! Tn Didnt I see you at Scandals? m j mm Evcrv Mondav: High Fashion Nighl. Everv Thursda\: 1 jdies Night Everv Night: The place to see and be seen Scandals. Singapore's most sophisticated
      1,175 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      619 16 TELEVISION AND RADIO PnttiriP for a pqiiQp sass™ ****€**&>; zz X UIUIIS xv/x a 7j# rf sec, jg-. «*.»»«.*<««. FM Timing. 700 r«hSiLM»StworV 7.10 am, 9.25 am, 1.30pm, 805 Wj Patchcs of 3.25 am: Financial News j''Sk Light. While on way j™ Prayer CM. Golf: 1989 Champions Challenge, home from
      619 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Top of the Ops
      1208 17  -  Heading for the operating table? Here's your chance to read about the operations on offer. As CAROL COOPER explains, some of them will be just a snip. CAROL COOPER Punch FEW THINGS date as easily as operations, except crushed velvet bell-bottoms, suede hot-pants, and Afghan coats,
      Punch  -  1,208 words
    • Article
      Lock icon Lapidus — the prodigal son and the prodigal father
      578 17  - Lapidus the prodigal son and the prodigal father By Michela Wrong Reuter 'MY ADVICE to any son would be if you want to get on with your father, buy up his business," quips Olivier Lapidus. The 31-year-old fashion designer learnt early that being the son of the celebrated Ted Lapidus
      Reuter  -  578 words
    • Article
      A fashion show for women without breasts
      266 17 CHATTERBOX A JAPANESE fashion consultant said she would hold the country's first fashion show for women without breasts. Maria Nino, who runs a fashion studio called "Hello Tomorrow", said the three-hour show in Tokyo tomorrow would feature a "breast-cancer rehabilitation dance". "I have
      266 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      296 17 GOOD FOOD A Culinary Tribute To Fresh River Salmon. From March 2 to 17, you can enjoy fresh river salmon, specially airflown from Norway, for dinner every night at Hubertus Grill. We offer thirteen sumptuous ways to enjoy this delicacy. So, make a reservation now and enjoy the best Salmon
      296 words
    • Advertisement
      Page 17 Advertisements Column 2
      82 17 COGfl 1 Lobster Salad with Fresh Fruits 2 Sharks Fin with Chicken $163.80 3 c^T thSoyaßean (For 10 persons) 4 Prawn in Dried Red Chilti tpd 5 Stnng Beans with Minced Meat FREE RoaS I 6 Maple Leat Deep Fried Bun Duck 7 Braised Pu-Tien Bean Curd ,j u cVi
      82 words
    • Advertisement
      Page 17 Advertisements Column 3
      289 17 1 m TRADITIONAL CANTONESE CUISINE H O BEST HONG KONG c DIAN XIN IN TOWN china China Restaurant 1 Marina Bay Golf* Country Club L V A 2 6 Marina Green Singapore oioi. For Reservations Please Call *****11. PEinet-^1 I Great Meals 1 'in an Intimate Setting 2 For a
      289 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Trading turns flat on Tokyo's sharp fall
      3559 18  -  By Lim Mui Khi INVESTORS in the local stock market yesterday reined in buying after Tokyo's sharp fall in the afternoon, but no one was inclined to overreact. The key 225-share Nikkei plummeted 762.41 points, or 2.20 per cent, to 33,829.58 after gaining
      3,559 words
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  • STOCK EXCHANGE OF SINGAPORE 2
    • Article
      Investors take profits on lower-liners
      670 19  -  By Lim Mui Khi PROFIT-TAKING in Malaysian lowerliners dominated trading on the OTC market yesterday. The Business Times Composite Index, which tracks both Singapore and Malaysian stocks, fell 2.84 points to 1,353.29 while the UOB OTC Index lost 5.09 points to 988.75. Turnover fell to
      670 words
    • Article
      CLOB INTERNATIONAL
      2952 19 1989/90 High Low Tel Code Company Last Sale +orVol (•000) Day High Low last Quote Buyer Seller Gr's Di> Div CNT Gr's YTd Net P/E M Cap Smil HONGKONG STOCKS 102 97 1418 CDL Hotels Intl 97 3748 102 97 96% 97 J 1246 Cathay Pacific 1000 980
      2,952 words
  • Article
    BONDS, LOANS AND WARRANTS INFORMATION SERVICE
    912 19 Company Expuy/ Coupon Conversion period Interest Conversion term far one ordinary maturity payable share date Caucway Um_ 1994 6 Oec 31 Caawny HI 1994 Oct 2, 1989 to Oct 20. 1994 1 warrant plus SI cash or 1 warrant plus $1 nominal amount ot
    912 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market in cautious mood
      3378 20 MBT REVERSING previous gains, the Kuala Lumpur stock market slipped into minus territory yesterday on widespread selling in the afternoon. This came after an early session of indecisive trading, with buying alternating with profit-taking. Sentiment was again weighed down by unfavourable overseas leads. Brokers said most
      MBT  -  3,378 words
  • BT SHARE INFORMATION SERVICE
    • Article
      RESULTS DUE
      602 20 Singapore Stocks Last Full Year Company Period Date Yen Net EPS Gross Net amuiced tndrf (cents) dhr profit last year (tOOO) B M T Interim Jan 27 Jun 90 1696 100 0 516 G Secuifes Final Feb 2 Dec 89 6.8(a) 768 S Steamsftp Land Final Feb 13
      602 words
    • Article
      DIVIDENDS ANNOUNCED
      401 20 Current Ex Books Date Total for Total for payment date dose payable the year last year Ase» Find USlOC(b) Mar 7 Mar 19 Mar 26 US10C Avkno 15% IE Feb 28 Mar 12 May 15 25%TE 25%rt B T 90 9%(n) Apr 6 Apr 19 May 3 122
      401 words
    • Article
      APPROVED ISSUES
      324 20 Company Rights Issue A M M 8 One-tor tour (a M$2 40 per share E« date Mar 8 Books close Mar 22 Acceptance Payment NYA Boustejdco One tor three <oj SI 15 per share Ex-date: Jan 19 Books close Feb 1 Acceptance Payment Mar 19 C C !*o
      324 words
    • Article
      PROPOSED ISSUES
      336 20 Company Rights Issue A Enterprises Threfrtor tour (a. M$2 30 per share Apolo One tor-one to, $185 per share C I Hotdhfs Issue of 27m loan stocks in the ratio ot $3 loan stock ft* every five ordinary shares held F A C 8 Qnetorone (p. MW 60
      336 words
    • Article
      RECORD HIGHS AND LOWS
      145 20 BT Composite Index Industrials Index 1990 Mr 1595.40 (20/2/90) 12 E? 1555 1990 *****3 (26/1/90) 1990 low: *****5 (26/1/90) iom 1487 7c (26/12/89) I225? (2 ?i!w!£! 1919 *****9 < 4/1/89 > 22 iM S/! S 1988 *****7 (8/8/88) 255? ??7?5 !?S 19Wtow: ***** (4/l/ffl) wLhirtr \Zf?
      145 words
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  • REGIONAL STOCK MARKETS
    • Tokyo shares fall sharply in moderate trade
      • Article, Illustration
        HONGKONG
        1113 21 HONGKONG share prices closed lower yesterday with attention turning to the fundamentals that made the Nikkei Index plunge during the week, but support on the downside remained firm. The Hang Seng Index fell 18.85 points to 2,933.13 and the broader-based Hongkong Index shed 12.40 to 1,924.23. Turnover dropped to
        1,113 words
      • Article, Illustration
        TOKYO
        915 21 TOKYO share prices closed sharply lower in Tokyo in moderate trade as many investors dumped their positions and headed to the sidelines due to a persistently weak yen and low bond prices. Arbitrageurs apparently sold cash stocks to unwind cash positions. But blue chips held their sheen despite the
        915 words
      • Article
        BANGKOK
        218 21 EARLY gains on the Thai bourse were trimmed by late-session profit-taking on blue chip shares, brokers said. The official SET Index fell 0.73 point to close at 812.94. Falls led advances 78 to 46. Most active were Manager Co, Union Asia Finance and Thai-Asahi Glass. "Share prices firmed from
        218 words
      • Article
        NEW ZEALAND
        170 21 SHARES posted strong gains for the third day in succession in New Zealand, taking a lead from markets abroad. Brokers said good offshore demand and falling interest rates in the run up to a well-bid Electricorp bond tender lay behind the rise where leaders were the main benefactors.
        170 words
      • Article
        MANILA
        122 21 MANILA share prices closed mixed in listless trade amid fears that supporters of jailed opposition leader Juan Ponce Enrile might try to avenge his arrest. Discovery of an unexploded bomb at a shopping centre in the Makati financial district yesterday afternoon also caused more jitters and further dampened an
        122 words
      • Article
        Lock icon JAKARTA
        33 21 Reuter FOREIGN buying dominated the Jakarta stock exchange yesterday and sentiment stayed bullish in the cement sector. The index rose to 519.76 from Wednesday's 504.26 and turnover was 2.33 million shares. Reuter
        Reuter  -  33 words
      • Article, Illustration
        SYDNEY
        493 21 AUSTRALIA'S share market staged an afternoon rally to close only slightly weaker despite fears about National Australia's exposure to Bond Brewing Holdings. The All Ordinaries Index finished 4.7 points off at 1,570.1, but up from its low at 1,562.6. Brokers said the release of the A$ 1.965 billion January
        493 words
      • Article
        BOMBAY
        131 21 SHARE prices rebounded strongly yesterday from a two-week long slide on heavy buying by state-owned investment trusts. The institutional buying triggered frenetic short covering which further boosted the recovery. "The bear covering was a good sign for the market," a broker said. "It would help re-build confidence." He said
        131 words
      • Article
        Untitled
        398 21 Seoul Kal ***** -400 Kangwon Ind ***** -200 Cheil Sugar ***** +500 Kia Motor ***** -500 Daelim Ind ***** -400 Kolon Ind ***** -300 Daewoo Corp ***** -300 Korea Long Term ***** 300 Daewoo Heavy ***** -300 Lucky Ltd— ***** -400 Daishin Securities ***** 1000 Onental Brewery ***** unch Dong
        398 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      51 21 1 upt $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS Singapore, Hongkong as region's stockmarkets? Special report: Japan's yen for Singapore The big business of celebrating Pick of the region's quality stocks Simex's agenda for the 1990s Cruises for everyone Investment spotlight on Polytek Wearnes, Metalock MARCH 1990 A Times Periodicals
      51 words
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  • WORLD STOCK MARKETS
    • Selective buying helps Dow close higher
      • Article, Illustration
        NEW YORK
        825 22 US BLUE chips finished moderately higher on Wednesday, propelled by selective buying that included some end-of-the-month reinvestment by funds. Intermittent futures-related buying was also a feature. The Dow Jones Industrial Average closed up 10.13 to 2627.25. An afternoon downturn in US bond prices clipped most of the stock
        825 words
      • Article
        FRANKFURT
        165 22 UNCERTAINTY about developments in East Germany continued to cloud the outlook for West German shares, driving prices more than one per cent lower in thin trade yesterday. The real-time DAX index of 30 leading shares fell 22.05 points or 1.2 per cent to close at 1,787.87. Shares have followed
        165 words
      • Article, Illustration
        LONDON
        766 22 LONDON shares were lower at yesterday's mid-session in thin nervous trading as the market dipped after a 2.2 per cent fall on Tokyo's Nikkei index and fears lingered over January's disappointing UK trade figures, dealers said. The downward bias was reinforced by a weak opening on the West German
        766 words
      • Article
        MILAN
        150 22 ITALIAN shares opened mixed to lower in a featureless market yesterday with reduced volume, brokers said. The MIB index was down 0.4 per cent at 1000 GMT, with 25 per cent of closing prices fixed. Among blue chips, Enimont slipped 28 at the close to 1,442 lire after yesterday's
        150 words
      • Article
        PARIS
        165 22 FRENCH share prices were lower at yesterday's midsession in unusually sparse volume, dealers said. The CAC--40 index stood 21.25 points down at 1,828.43 at 1132 GMT, the lows of the day, after opening 13.4 points lower at 1,836.27. Trades worth some 590 million francs had gone through the market
        165 words
      • Article
        ZURICH
        292 22 SWISS shares traded lower on small v turnover at midsession yesterday. Dealers said uncertainty about the future development of the Japanese share market depressed sentiment. 7* "People are afraid of the Tokyo bourse," one dealer said. A brief recovery in early trading ran out of steam on a lack
        292 words
      • Article
        Untitled
        638 22 Other markets in Europe, South Africa and Canada Amsterdam Feb 28 Hs ABN 38.3 +0.5 Aegon 105.0 unch A hold 113.4 -0.3 Akzo 118.7 1 Alrenta 152.3 unch AMEV 56.0 +0.5 AMRO 75.5 0.6 Ass. Stad 42 30 +0.3 B()LS 163.0 1 Borsumy 70.3 -0.7 Buchrman Tettcrodc 54 9 unch
        638 words
  • Page 22 Advertisements
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      946 22 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50, AND IN THE MATTER OF ODELIAN TRADING PTE LTD (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the members of Odelian Trading Pte Ltd convened and held at 10 Anson Road, #33-14 International Plaza, Singapore 0207 on
      946 words
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      Page 22 Advertisements Column 2
      297 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND TRI SAPTA INTERNATIONAL CORPORATION (S) PTE LTD (Members' voluntary winding-up) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 2 April 1990 to send in their names
      297 words
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  • MONEY AND COMMODITIES
    • Article
      US$ finishes higher, but fails to break barrier of 150 yen
      1252 23 FOREX MARKET REPORT THE US dollar yesterday finished higher against major currencies in the Asian forex markets. But it failed to break the psychological barrier of 150 yen owing to heavy Bank of Japan intervention in Tokyo and profit-taking.
      1,252 words
    • Article
      INTERBANK FOREX RATES
      387 23 Cross rates USS SS M$ Dm Yen SFr AS NZS USS 1.8715 2.7020 1.7105 149.70 0.5968 1.5030 1.3158 1.6992 SS 0.5343 1.4464 0.9140 0.7999 0.3189 0.8031 0.7031 0.9080 MS 0.3694 69.14 0.6319 0.5530 0.2205 0.5552 0.4861 0.6277 Dm 0.5846 1.0941 1.5826 87.52 0.3489 0.8787 0.7692 0.9934 Yen
      387 words
    • Article
      MONEY MARKET
      554 23 Broker rates Mar 1 SS Bid Offer Overnight 5 1/4 5 1/2 1-month 5 7/8 6 2-month 6 6 1/8 3-monmth 6 1/8 6 1/4 Ownight mode: S L'SS Bid Offer 7 days 8 1/4 8 3/8 1 month 8 5/16 8 7/16 2 months 8 5/16 8
      554 words
    • Article
      Foreign, local banks in Taiwan vie for funds
      167 23 FOREIGN and local banks in Taiwan are battling to attract deposits, repeatedly increasing interest rates to help offset a severe credit crunch, bankers said. "The current credit crunch is showing no sign of easing and banks are fighting to grab more funds,"
      167 words
    • Article
      Lock icon AMMB links up with banks to offer factoring services
      271 23 Bernama ARAB-MALAYSIA Merchant Bank Bhd (AMMB), which foresees good growth potential for factoring, is linking up with a number of commercial banks to offer additional facilities to indemnify imports into the country. AMMB general manager for factoring Sam Low Kon Yang
      Bernama  -  271 words
    • Article
      Lock icon Coffee producers support US plan for an export system
      132 23 Reuter DELEGATES from Mexico, Colombia and five Central American nations said they support US proposals for an alternative to the International Coffee Agreement, an export pact that has failed to support world prices. Delegates, speaking during the first day of a
      Reuter  -  132 words
    • Article
      KL tin prices rebound to M$ 16.83/kg
      425 23 COMMODITY REPORTS Hongkong: Gold closed lower in quiet and featureless trade on Japanese and Swiss selling which stimulated fol-low-through stop-loss selling from Taiwan. A US$4O2 to USS4O9 range is expected in New York. Bullion ended at U*****.70/U*****.20 an ounce from New York's U*****.00/50
      425 words
  • Page 23 Advertisements
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      316 23 NOTICES IN THE MATTER Of THE COMPANIES ACT, CAP. 50, AND IN THE MATTER OF JAMBI MINERALS PTE LTD /la* 11 iwli \lll MVTTIOVfI Voluntary WVxflng Up) At an Extraordinary General Meeting of the members of Jambi Minerals Pte Ltd convened and held at Leidachendam on February 23. 1990 the
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      333 23 IN THE MATTER Of THE COMPANIES ACT. CAP. SO AMO M THE MATTER Of MASCOT SHIPPING PTE LTD (In Members' Voluntary um—< CERTIFICATE Of RESOLUTION OEEMEO TO BE PASSED AT THE EXTRAORDINARY GENERAL MEETING on 24 February ISSO I. Steer Olson the duty appointed Corporate Reprsoentative of Redenet Mascot K/S
      333 words
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      Page 23 Advertisements Column 3
      334 23 IN THE HATTER Of THE COMPANIES ACT, CAP. 90 ANO IN THE MATTER OF TALISMAN SHIPPING PTE LTD (In Msinbiri' Voluntary Uqufctafton) CERTIFICATE OF RESOLUTION DEEMED TO BE PASSED AT THE EXTRAORDINARY GENERAL MEETING on 24 February 1960 I. Staan Oiaen the duly appointed Corporate Repreeentative of Redeem Talisman K/S.
      334 words
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      Page 23 Advertisements Column 4
      336 23 M THE MATTER OF THE COMPANIES ACT, CAP. SS AND M THE MATTER OF AMULET SHIPPING PTE LTD (In Members Voluntary LI guldaS on) CERTIFICATE OF RESOLUTION DEEMED TO BE PASSED AT THE EXTRAORDINARY GENERAL MEETING on M Fsbruary ISSS I. Staan Oiaen the duly appointed Corporate Representative of Rodortel
      336 words
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  • Article
    FINANCIAL FUTURES AND OPTIONS
    1461 24 S1MEX Marl EURODOLLAR Open High Low Sett Eat Vol Op/lnt Vol Mar 90 91.63 91.63 91.60 91.62 L344 ***** 1232 Jun 90 91.59 91.59 91.57 91.58 6175 ***** 4311 Sep 90 91.47 91.49 91.47 91.47 418 2888 736 Dec 90 91.29 91.30 91.28 91.28 216 1007
    1,461 words
  • Article
    COMMODITY PRICES
    1466 24 Rubber ■M (§*!■>*—) Scentiftt Noon CIok Int I RSS Prompt 157.00/158.00N 156 50/I57.S0 Int 1 RSS Ape 90 I59.7V160.25 159.2VI59.75 Int I RSS May I6I.54VI62.00 161 00/161.50 Int 2 RSS OP I5300/I5500N 152.50/154.SON Int 3 RSS OP 147.50/I49.50N I47.00/I49.00N Int 4 RSS OP 143 50/145 50N 143 00/I45.00N
    1,466 words
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      641 24 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50, AND IN THE MATTER OF URAMIN EXPLORATION PTE LTO (In Members' Voluntary Winding Up) At an Extraordinary Genera! Meeting of the members of Uramin Exploration Pte Ltd convened and held at Leidschendam on February 23. 1990 the following resolutions were
      641 words
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      Page 24 Advertisements Column 2
      681 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50, AND IN THE MATTER OF ALCANDERA INVESTMENTS PTE LTD (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the members of Alcandera Investments Pte Ltd convened and held at Leidschendam on February 23. 1990 the following resolutions were duly
      681 words
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      Page 24 Advertisements Column 3
      15 24 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      998 25 City Flight ETA Flight ETD Abu Dhabi SR187 2000 GA890 2250 GA970 2335 SQ225 2215 Amman RJ182 1445 RJ183 2320 Amsterdam KL835 1505 KL836 2150 SQ23 1810 SQ24 2230 QF16 1820 GA890 2250 Athens SQ31 1720 OA471 2215 AutMnwl TE25 1700 BA11 1225 TE25 1755 SQ325
      998 words
    • Article, Illustration
      Taba loses its charm for Israelis
      496 25  -  LETTER FROM EGYPT By Joel Brinkley AS THE Israeli tour boat glides down the Red Sea and past Taba beach, the tour guide's amplified voice drifts to shore. "On our right, ladies and gentlemen," he tells his passengers, "is the late Rafi Nelson's Village."
      496 words
    • Article
      MONEY CHANGER RATES
      154 25 Rates as at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4180 1.4380 Canadian dollar 1.5590 1.5790 NZ dollar 1.0900 1.1300 Sterling pound 3.122 3.1420 US dollar 1 8715 1.8815 Iiical dollars to 100 units of foreign currency Austrian schilling
      154 words
    • Article
      WORLD TRADE EXHIBITIONS
      147 25 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Mar 34 Barcelona Barcelona Fena de (34)3/*****01 Mar 9-19 Nice Nice Foire (33)*****101 International Barcelona. International Internationale Fair F.O.I.M. Fair de Nice Mar 10-18 International Munich GHM Gesellschaft (49)89/***** Mar 3-8 International West AMK Berlin (49)30/***** Light
      147 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      66 25 r V 1 f T buiineu perion'i choice every Tutviav, I IL/ I|\ I I f Thunday, Saturday and Sunday. Leaving Chanti It M| I II I II 1 Airport at 21:55 hourj and arriviag at Lerter B JL JL JL JL Pw** l International Airport the following day. CmII
      66 words
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      Page 25 Advertisements Column 2
      76 25 This announcement appears as a matter of record only jf f National Kap Limited (Incorporated in the Republic of Singapore) PRIVATE PLACEMENT OF 1,050,000 NEW SHARES AT 51.27 PER SHARE AND NON RENOUNCEABLE OFFER TO SHAREHOLDERS OF THE COMPANY ON THE BASIS OF ONE (1) NEW SHARE FOR EVERY TEN
      76 words
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      Page 25 Advertisements Column 3
      216 25 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 Pursuant to Section 290(2Xb) TRI SAPTA INTERNATIONAL CORPORATION (S) PTE LTD (In Members' voluntary winding-up) At an Extraordinary General Meeting of the abovenamed Company duty convened and held at 15 Beach Road #03-02 Beach Centre Singapore 0718 on Thursday. 1
      216 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      273 25 unpolluted environment 5 Look for quiet in a school 10 Palest possible colour (6) 11 Loathing for a certain form —-~~W~"~HH 12 The way a guy points ~~J I I 14 Corrupting mature worker ~H| without hesitation (10) pH__JH__ 18 Making many nice I rings can be fake (10) ——<LmJ——LmJ—-LJ—-22
      273 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      224 25 Singapore OUTLOOK; Fair and warm. Report for 24 hours prior to 7.30pm on Mar I at the airport: Max temp— 33.4 Assoc humidity 54 Min temp 24.1 Assoc humidity 93 Hrs of sunshine 8.70 Rainfall in mm Nil Rainfall this mth—— Nil Rainy days this mth Nil Asia- 'lis! H
      224 words
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      Page 25 Miscellaneous Column 3
      17 25 fN'ce on€~\ f Time Tomoßßow.? (vS^Gesco^iSG up 0 V«norfs. J N < V EVtNIHG STANDARD CO LTD 1942-1990
      17 words
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  • Article
    Lock icon Japanese bankers holding talks in China
    242 26 Reuter A LARGE GROUP of Japanese commercial bankers arrived in Beijing yesterday for a fact-finding mission that diplomats say could ease China's credit problems. A delegation of about 30 officials from 23 Japanese banks would meet top-level Chinese counterparts in four cities during their
    Reuter  -  242 words
  • Article
    Indonesian savings bank offers new housing loans
    303 26 INDONESIA'S National Savings Bank (BTN), which has been financing housing projects through credit schemes, is to provide new types of loans for home renovations and individual house and rental apartment construction, The Jakarta Post reported on Wednesday. State Minister for Public Housing Siswono
    303 words
  • Article
    Dutch aid for exports
    102 26 CBI, Holland's Centre for the Promotion of Imports from Developing Countries, is to provide up to U*****,000 in grants for Indonesia to promote exports on the European market, The Jakarta Post said in a report on Wednesday. Arifin Lumban Gaol, chief of the National Agency for
    102 words
  • Article
    MAS grants approval for ADB to set up merchant bank
    509 26  -  By Conrad Raj THE Monetary Authority of Singapore has given its approval for the setting up of Asian Finance and Investment Corporation, the private investment arm of the Manila-based Asian Development Bank which is expected to lend some US$3 billion
    509 words
  • Article, Illustration
    Lock icon If the shoe fits, you must be 8 metres tall
    46 26 THIS 120-cm cowhide shoe took craftsmen at Tokyo's Otsuka Shoe Inc, 90 days to make. Created to mark the 120 th anniversary of the company, it will fit an eight-metre tall wearer. AP photo. AP photo
    AP photo  -  46 words
  • Article
    Lock icon Tokyo plans to revise capital ruling
    142 26 AFP JAPAN plans to revise its commercial code to set a minimum capital requirement for small corporations to protect the interests of creditors and trade partners. The Nihon Keizai Shimbun newspaper, quoting Justice Ministry sources, yesterday said that newly created joint-stock and limited companies
    AFP  -  142 words
  • Article
    Lock icon LA quake hits bigger area than first thought
    197 26 Reuter THE EARTHQUAKE which rocked southern California on Wednesday, injuring at least eight people and causing damage in downtown Los Angeles, has affected a much wider area than first estimated. Initial reports said that the quake, measuring 5.5 on the Richter scale,
    Reuter  -  197 words
  • Article
    Britain persuades others to take in Hongkongers
    258 26 BRITAIN has persuaded at| least seven other countries, including Singapore, to offer citizenship to some residents of Hongkong before China takes over the colony in 1997, London newspapers reported yesterday. They said that Britain would announce as early as next week that France,
    258 words
  • Article
    Lock icon Investment opportunities in M'sia up
    361 26 AFP MALAYSIA'S continuing economic growth presents increasing opportunities for American business, the US embassy in Kuala Lumpur said in a report yesterday. Malaysia should see continued broad-based growth in 1990, but at a slightly slower pace than last year's expected 7.7 per cent growth rate,
    AFP  -  361 words
  • Article
    Lock icon Malaysia hopes for renewed Paris talks on Cambodia
    230 26 AFP AP MALAYSIAN Foreign Minister Datuk Abu Hassan Omar said in Kuala Lumpur yesterday that Malaysia hoped that last August's Paris international conference on Cambodia could be reconvened in September. Datuk Abu Hassan, who returned from Cambodian peace talks in Jakarta yesterday,
    AFP; AP  -  230 words
  • Article
    Lock icon Barclays profits halved
    105 26 Reuter BARCLAYS Bank pic, Britain's biggest bank, said yesterday that its pre-tax profits fell by more than 50 per cent last year to £692 million because of Third World debt provisions. The following are highlights from Barclays' 1989 annual results: Pre-tax profit £692 million against £1.39 billion
    Reuter  -  105 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      44 26 .+"\$).;;'(^|]*.,?!`):%'@:||>-? Model: BLWkHl l I < Jsijfcrsota $1550 I phoUtcry iii (fcn(>iiic attic Leather. Colour: H laikonlv. Shomi Plaxa Singapura 68 Orchard Road #04-01, Singapt n World Trade Centre 1 Maritime Sijuare #02-50, Singap< ri e 0925. Tel it <0409 Tel *****11 Fax: *****U .HuMtthw i:«»
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      Page 26 Advertisements Column 2
      43 26 !=&)^<}`~,+&_[?\@]~%~*<')__>\.$ J IS THE NUMBER TO CALL WHEN J I YOU WANT TO RENT M i A CAR WORTH YOUR WHILE\ 8939 i i Q 8 AB CAR RENTALS PTE. LTD. j 19 LENG KEE ROAD SINGAPORE 0315 FAX: *****80 TELEX: RS ***** JEEVES^j
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  • SHIPPING TIMES
    • PORT SIDES
      • Article
        Lock icon Yugoslavia completes tanker for Liberia
        43 27 AFP A YUGOSLAV SHIPYARD at Rijeka has launched a 60,000-tonne oil tanker for Liberian company Three Bells Shipping of Monrovia, the Vjesnik newspaper said on Wednesday. The new tanker is 220 metres long and 32.2 metres wide. AFP
        AFP  -  43 words
      • Article
        Lock icon Storms disrupt shipping in France
        92 27 Reuter DAYS OF HEAVY WEATHER have taken their toll of shipping off the west of France, Lloyds Shipping Intelligence Service said. An Egyptian vessel lost eight tonnes of chemical products yesterday, when the French chemical/sulphur tanker Beam, 9,799 dwt, was in difficulty off Brittany with
        Reuter  -  92 words
      • Article
        Lock icon Heating oil pours into waterway
        157 27 Reuter ABOUT 90,850 LITRES of heating oil poured into a busy waterway near an Exxon Corp terminal on Wednesday morning as it was being loaded onto a barge with a hole in it, the US Coast Guard said. The No 6 heating oil leaked into
        Reuter  -  157 words
      • Article
        Lock icon Greek, Chinese vessels collide
        38 27 Reuter THE 15,241 dwt GREEK VESSEL, Agia Efymia, and the 15,664 dwt Chinese vessel, Jiu Jiang, were in collision in the approaches to the anchorage at Bedi, India, Lloyds Shipping Intelligence Service said. Reuter
        Reuter  -  38 words
      • Article
        Lock icon Panamanian vessel under tow
        51 27 Reuter THE OCEANIA QUEEN is under tow for Sandakan, Malaysia, after being refloated earlier this week. Lloyds Shipping Intelligence Service said. The 6,803dwt Panamanian vessel, beached earlier this month after a collision with a barge in the Celebes Sea, was expected to arrive at Sandakan today.
        Reuter  -  51 words
      • Article
        Lock icon S'pore freighter adrift in traffic lane
        50 27 Reuter A HOLED SINGAPOREAN FREIGHTER was drifting in an eastbound traffic lane south of the Scilly Isles late on Tuesday afternoon after a salvage tug had failed to reconnect a tow line that parted on Monday in heavy seas, Lloyds Shipping Intelligence Service said.
        Reuter  -  50 words
    • Article
      Lock icon IMO to discuss Marpol Convention this month
      128 27 Reuter PROPOSALS to strengthen the Maritime Pollution (Marpol) Convention form part of a full agenda for this month s International Maritime Organisation (IMO) meeting, an IMO spokesman said. The IMO Marine Environ- ment Protection committee meets in London between March 12 and 16.
      Reuter  -  128 words
    • Article
      Japanese cash in on popularity of cruises
      248 27 CASHING in on the increasing popularity of cruises, Japanese companies are combining resources in new businesses to capture the domestic market. Japan's C Itoh Co is joining hands with a string of other Japanese companies, including Mitsui OSK Lines (MOL), to start leasing
      248 words
    • Article
      Index to advertisers
      1247 27 Pog« Cotuwrt AiC CoA»o*»or<.*o 5 Accord Shpg T«« J.J AJbofos Sm A.r W 5 AMrpd C ToOp<Or 'ov'W S Ahr*nfc*4 l4!«r f l)H« S AFC l«« Sovo* s An is AfS FovtIooa I Af «wfa l*o F hoo* 4 5 Arrow l«*0» NtAO 5 Avon Eipr«u S»
      1,247 words
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      TSK Line boosts capacity on Asian routes by 60pc
      277 27  -  By JEAN FOONG ACTING on the tremendous increase in cargo movements between Singapore and the Far East. Tokyo Senpaku Kaisha (TSK) Line has boosted its capacity on the Asian shipping routes by 60 per cent. Its Asia Container Express (ACX) service
      277 words
    • Article
      Boom for M'sian container manufacturing likely
      503 27  -  By OTHMAN ABU BAKAR CONTAINER manufacturing in Malaysia is heading for a boom in view of the rapidly escalating costs in major container producing countries and the significant increase in container traffic in the country. According to a shipping expert, Howard Choo of Intradagang
      503 words
    • Article
      Lock icon C Itoh and Mitsubishi to trade on Biffex
      188 27 Reuter C ITOH AND CO Ltd and Mitsubishi Corp will start trading on the Baltic International Freight Futures Exchange (Biffex) in March, spokesmen for the companies said. This follows approval from various Japanese ministries for local firms to hedge bulk carrier charters
      Reuter  -  188 words
    • Article
      Lock icon Cocaine haul
      39 27 Reuter DUTCH POLICE claimed a European record on Wednesday when they seized three tonnes of pure cocaine in the western Dutch port of Ijmuiden. The drugs had an estimated street value of at least US$l3O million. Reuter
      Reuter  -  39 words
    • Article, Illustration
      Lock icon IMO's new man at the helm
      1815 28 The new Canadian IMO secretary general W A O'Neil took over from the well-respected C P Srivastava at the beginning of this year, bringing with him a taste of North American-style management. Lloyd's Register "THE INTERNATIONAL Maritime Organisation (IMO) is a United Nations 'model
      Lloyd's Register  -  1,815 words
    • Article
      Ships in Port-
      1832 28 AT CONVENTIONAL WHARVES VnnI Voy No Borih Arrival Dapartur* wnii m An ot Spy-Kj 01 *17 otoogud* 03 03, 1900 Anoxoi 9001 Ot okM9Mt« am 2300 ConbM 1/10 *28 ok**wW 0103/ 2300 (mUw* 12/10 U2 otoognd* 030X1830 Ko*Pwk*o f <V Ul okwgwto 0603,0600 2,10 «3 ox»vuX 0203/
      1,832 words
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      Bunker market report
      538 28 Density Water Cartoon Ash Aluminium Sadiman Raskfua KG/M*3 V/V M/M M/M PPM M/M Exxon fTv#uKX3 180/Clmsc Spec E25 991 1.0 15.0 0.10 30* 0.10* limits Spec G35 991 1.0 18.0 0.15 30* 0.10* Northern 180 Ave 979 0.2 12.3 0.04 8 0.02 Europe 180 Max 999 1.6
      538 words
    • Article
      London Freights
      842 29 DRY CARGO chartering conditions remained fairly quiet on Wednesday for most loading areas, resulting in a mere one-point rise in the Baltic Freight Index to 1.604 and a fairly quiet day in freight futures, brokers said. There was unconfirmed talk that heavy grain had been fixed from the
      842 words
    • Article
      SHIPPING LIST where your ships are due...and when
      10433 34 AAA HIM Sriwiiay*. Ojassgstri. Fab 27/Msrch 2. Villa da Mara. CM 0 Attratamant. March 2. Noraala Paarl. Noraala Llna. March 4. Ming Moon. Yang Ming Llna. March 4. Salandia. ScanOutch March 5. Livarpool Bay. Trlot. March 7(PK). Kaauga 1. Trlot. March 8.
      10,433 words
    • Article
      Who acts for whom ...
      2947 41 Who acts for whom A B Accard MM Accord Shpg PW Ltd (SVAccord Contr Llm (Ml Son BM (PK)/Accord Contr Lino (PO) Sdn BM (PN) ABC MMwrtM MV KYC LIM (SVPonown Shpg (PK/PN) AhraMMl Unor Kim Shpg H Trdg (S) «Mm too-Air Sarvtoa FraM Bhpg PW LM (3) A||r*d C
      2,947 words
    • Article
      World cooperation needed to fight piracy in South-east Asian waters
      345 42 INTERNATIONAL cooperation is necessary to combat the continuing problem of piracy in South-east Asian seas, according to Daniel J Dzurek of the East-West Center in Hawaii. Modern pirates are thriving from the Straits of Malacca to the Celebes Sea preying
      345 words
    • Article
      Lock icon US grain exporters oppose cargo-sharing proposal
      287 42 Reuter A US PROPOSAL to reserve one-third of ocean freight between the US and the Soviet Union for US vessels could hurt American exports of grain and other products to the Soviet Union, a grain exporters group said. "By its insistence on cargo share,
      Reuter  -  287 words
    • Article
      Soviet Union registering some of its merchant fleet in Cyprus
      168 42 THE SOVIET UNION has started registering some of its merchant fleet in Cyprus, Lloyd's List said on Wednesday. The move "underlines the speed and depth of economic changes" in the Soviet Union, the daily report by the insurers Lloyd's said.
      168 words
    • Article
      FEFC's new tariffs introduced too hastily: shippers
      182 42 SHIPPERS' COUNCILS in the Far East have expressed fears that the Far Eastern Freight Conference's (FEFC) new tariff structure has been introduced too hastily. The South China Morning Post reports that a recent meeting among the Hongkong, Japan and Korean shippers' councils led
      182 words
    • Article
      New system of documentation for Indian exporters
      130 42  -  -By JUUE CHATTERJEE A NEW SYSTEM of documentation is being introduced for Indian exporters, saving them long hours of filling up piles of forms. Minister for Commerce Arua Nehru says exporters will be required to prepare only two master documents against the 25
      130 words
    • Article
      Lock icon UK and European transport mergers on the rise: survey
      358 42 Reuter MERGERS and acquisitions activity by road transport firms in Britain and Europe has been intense and is increasing, a survey by OC and C Strategy Consultants and consultants Coopers and Lybrand Deloitte said. The survey covered all deals in 1988
      Reuter  -  358 words
    • Article
      Lock icon Ships trapped in Gulf of St Lawrence
      88 42 AP SIX ICEBREAKERS on Wednesday tried to free 18 ships that have become stuck in whst the Canadian Coast Guard said were the worst ice conditions on the Gulf of St Lawrence in 10 years. Andy Maillet, assistant coast guard ice operations officer,
      AP  -  88 words
  • Page 27 Advertisements
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      46 27 How to look after AoailabU weekly at major STP Distributors bookshops and news-stands Lines and services represented by Members of the Registry ot Accredited Shipping Agents, Singapore National Shipping Association. For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821/253-1198, Tlx: ***** BTAD
      46 words
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      Page 27 Advertisements Column 2
      8 27 IMO's new man at the helm, PAGE TWO
      8 words
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      Page 27 Advertisements Column 3
      564 27 BALTIC MADRAS/CALCUTTA SHUTTLE NEXT SAILING Vessel/Vov SIN MAA CCU SUSAK 101N 3/3 10/3 T. RIVER 86 11/3 17/3 CALL: *****71 (See Page 13 Column 4). INSIDE New man at the helm ArSSFBHw THE NEW Canadian IMO secretary general W A O'Neil took over from the well-respected C P Srivastava at
      564 words
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      87 28 Contact talaphona numbtrt (Tan|ong Pagar Tarmlnal) Sactfon 1 Section 2 S«c»ion 3 to* ftoptw Unh ftophow to* »«taphon« CI *****30 3211"2 C 4 —*****24 C 8 *****43 CIN *****20 CS ******3/******5 C» 32ll« CIS ******2 CSN *****43 CIO *****70 C 2 *****51/***** S3 CSS *****45 CI2 *****54/******2 C2N *****53 C
      87 words
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      2184 29 200 Cantonment Road #12 05 South point. Singapore 0208 All if# Tel *****11 TELEX NO RS ***** Hflk'lflllllV TERMINALS Tel *****18 220 1 CCCCQ 1 BOOKINGS T«l *****34 235 \rrrw A PESAKA JARDINE shipping AGENCIES SON BHD PORT KELANG TEL. *****11 TELEX NO MA***** MA***** i; mOMHH PtNANG TEL *****4
      2,184 words
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      Page 29 Advertisements Column 2
      2389 29 Veeeel Voy I ETA I ETD 'Port 'Penang K*i«ng DESTINATIONS Owe wan tow M Cloaing Tlrwe Feeder by jmo o«oo mrs m Farco 4 CfS V 3/90 I*oo MRS M Tauro OAK |LQB MOO MEM ATL MIA CHS BAL PHL NYC MOM TOW LAURA M 9004 6/3 7/3 S»d >
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      1113 30 ROTTERDAM/ VOV NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE LIVERPOOL BAY 97/528 7/3 9/3 27/3 29/3 31/3 1/4 3/4 KASUGA 08/527 8/3 2/4 27/3 29/3 28/3 1/4 BONN EXPRESS 06/531 14/3 18/3 3/4 8/4 a/4 9/4 11/4 CARDIGAN BAY 94/530 15/3 10/4 3/4 8/4 2/4 10/4
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      621 30 SOUTH PACIFIC SERVICE SIN POUI LAE SUV PPT CAPE MALEAS 30/3 13/4 18/4 27/4 2/5 DIRECT CHILE SERVICE SIN IQQ ANF VAP CAPE MALEAS 30/3 18/5 22/5 ACMflta- GsfcfaWJMn SINGAPORE: *****00 BOOKINGS: *****08 w JOHORE: 07-*****2 A PENANG: 04-*****7 NORTHBOUND TO UKC SPORE PC* A DAM MBC MUI FORTHBANK V.26N
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      1455 30 SI TCBABM &Mmm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE d VSL/VOY SIN CLM PRS ALG BCL PEL HAM BRE ROT ANT LM4 X/1 A (VIA (VIA LG) HAM) Mm NORASIA PEARL 8949-3 04/03 08/03 20/03 24/03 .6 03 21/03 30/03 31/03 01/04 02/04 <Qfil p NORASIA PRINCESS 9001
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      1549 31 mil r lilU I' I iuajI m«itu 9 w«rw £jg Steamers Maritime Holdings Ltd Containers MJ» S port P Wang S'ton H'butg B haven R dam la* ACCEPTS DUE SAILS LiVtRPOOi BAY 07« WD 31* DIW OM CARGO lljo IVO WO4 OVO4 07« low RAJAH BROOKE VO4E KK. Skan. Taw
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      1834 31 TO: EUROPE TO: FAR EAST SP LH RDM HAM BRE FLX SPORE HK KAO BU QUEENSWAY BRIDGE 013W 3/3 21/3 22/3 23/3 25/3 26/3 CHOVANG PARK 006E 5/3 1/3 9/3 15/3 HANJIN LEHAVRE 006W 10/3 21/3 29/3 30/3 1/4 2/4 HANJIN OAKLAND 12/3 15/3 l*/3 22/3 HANJIN MASAN 053W 17/3
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      323 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL SEKI ASIAN ASIAN KOCHI CLIPPER STAR VOY NO 78 122 111 Spore 5/3 11/3 18/3 P Kelang 14/3 21/3 Penang Hong Kong Yokohama 30/3 15/4 Nagoya 1/4 Osaka Senboku 3/4 Kashima Funabashi •For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE
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      597 32 Z:ffi^V9TirToa (ll iMilWiiiiilVJDffiM IRANIAN SERVICE Singapore Loading for:A VSL In March IRAN TEYFOURI 15/3 Banda Abbas (National Una Of Maxical U.S. WEST CO AST/MEXICO/CENTRAL AMERICA CONTAINER SERVICE HKG LB tNSENADA L CAROCNAS SCKUZ MANIANILLO MOfIELOS V-® 27/2 22/1 W W] 300 I/* sss»,.i lis.« TOLUCA V-10 30/3 22/4 24/4 21/4
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      Page 32 Advertisements Column 2
      644 32 /2S HANJIN SHIPPING Yy FULL CONTAINER SERVICE raa-sr sir sr-sr £&nn. [Tlflßr "is HANJIN LE HAVRE 00M 10/3 21/3 25/3 3tV3 1/4 JJ* SJ J IuUH M »4 W* HANJIN FLEXISTOWE 101W 17/3 4/4 *4 M 8 4 9/4 CMOVANC SUCCESS IOT CHOYANC CHANCE 007W 24/3 U/4 12/4 13/4 IS/4
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      64 32 f —ar SOON KIAT SHIPPING PTE LTD 3 SHENTON *AY #20 05/06 SHENTON HOUSE REGULAR SERVICE TO E. M SIA SPORE Maju Yong Hua WflO Bintulufl»iri/K Belait OMB ••♦Sri Pujut W/90 Bintuiu/MirifK Belait B*o3 Swec Ann Satu 021% Port Kelar* 17IK •20 tons tons heavy lift reefer car|o«s 4 20
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      Page 32 Advertisements Column 4
      1556 32 [PKL SCP MKC KSC KLC PUS HUT OS* TYO »AL LHV AN* RDM FUC NBC Mf EVIR OOLDCN 1/3 m 7/1 W3 *3 12/3 14/3 16/3 I*3 I*4 24/4 2S/4 2W EVER CIOBE V 3 7/3 14/3 U/3 16/3 17/3 21/3 23/3 2M »4 3M us iw t I EVER
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      1280 33 S=Sg|!lf| PACIFIC INTERNATIONAL LINES (PTE) LTD T g M jHn PIL Building, 140 Cecil Street #0340, Singapore 0106. .esse. «o» SIN JKT SIN ftSSU VOY SIN BKK SIN OCLTA MAS 144S 3/3 9/3 10/3 PEGASUS PIONEER 900N 3/3 8/3 '0/3 EDEN 9004 7/3 10/3 14/3 KOTA JADE 19N "3 "'3
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      Page 33 Advertisements Column 2
      713 33 EXPRESS CONTAINER SERVICE TO UK/CONTINENT V PK STON NAM B'MAVEN DO Mi HAVRt l v#fpoc in m w nn an un v* w •uwa> 1 1/3 i* on an an i* Bom Uprnt 14 J 15/3 W M 7/4 4*4 1/4 Cin.fjr lIT IVI MMM MM 21/3 21/3 1M 1M
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      511 33 DJASAQETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD FT. HSU 111 LLOYD P.T. SAMUDERA INDONESIA P.T. TMKMALLIVi CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE VSL/VOY SPOtE R DAM, H'BURC BREMEN ANTWERP ADAM LJ 60NTANG/2MB 15 113 11/4 21/4 IM 73/4 KUTAIIWB 2730/3 23/4 2*4 1/5 4/5 S PANJANC/25W8 10-14/4 IVS
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      507 33 M MYANMA X yßßk FIVE STAR UNE (Burmese National Line) Loading (or YANGON S pore P.Kelang Penang Bangkok PATHEIN V/W Sailed 1/4 BAR BYOBACWA V/ 124 7f13 BAR HPA-AN/VI47W 10 12 FEB HTONEYBA V2S3W IN PT/S MAR PAGAN VfISW 12/ISIIAR THE BANK LINE (A service of Andrew Weir Shipping) \\f
      507 words
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      318 34 WEEKLY STRAITS/MADRAS CONTAINER SERVICE //jjf7/ I DAILY LCL RECEIVING AT OWN CFS 'J PEN^S V VESSEL P.KELANG SPORE PK MADRAS 1 (FEEDER) LEUVE Sid 3/3 /MAmi INF ot/I MELITA 9005 5/3 6-7/3 8/3 14/3 MACOLINt LEUVE 9120 13/3 23/3 BOOKING: MACOLINE S'PORE *****11 PK (03) *****77 PEN (04) *****6 A
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      Page 34 Advertisements Column 2
      398 34 /.HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN MUG IBM OAK St* FROM PSW IBM OAK SEA HKG SIN HYUNDAI PIONEER 02/03 0«03 2*03 7903 0104 HYUNDAI COMMANDER 14W OMI3 OW3 llffi 01/04 OMJ3 LALANDIA JOE 05/03 IMB 02/04 0504 OM4 HYUNDAI PIONEER 2*
      398 words
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      Page 34 Advertisements Column 3
      84 34 CCNI# Compart la Ckikna de Navegacion Inicroccanica S.A. TO SOUTH PACIFIC PORTS SIN POM LAE SUV PPT CAPE MALEAS 30/3 13/4 18/4 27/4 2/5 DIRECT CHILE SERVICE SIN IQQ ANF VAP CAPE MALEAS 30/3 18/5 22/5 B AGEHTS BORNEO SHIPPING PTE LTD MASBULDMG»is4a*>7 tTfETTWfm 10SHENTON WAY, STORE 0207 BHITTTmBIBB TIX
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      832 35 MamiilMl ini i Biweekly fcl/lcl to: FAR EAST JAPAN EUROPE FIJI ISLAND KAOHSIUNG —11/3 TOKYO 8/3 LE HAVRE —12/3 LAUTOKA —16/3 KEELUNG —11/3 YOKOHAMA 8/3 ROTTERDAM —12/3 SUVA —16/3 MANILA 9/3 KOBE 8/3 UK PORTS —12/3 BANGKOK —12/3 HAMBURG —12/3 BUSAN 8/3 GOTHENBURG —12/3 HONGKONG 8/3 r ScanDutehtt TO EUROPE
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      633 35 Srlwljaya. U)asig«m. r-«D rgvm nume cvtr uoara. cwrgrvvn. iwrcn i*. rwwygr* otniwr ovnawr tmi«. o. we give you the world Nedlloyd Lines Wy I I NEW «*I tHomjl O IMPORT I I VESSEL 7kt"~P.Kt "Pen Auckland FijKA) Lytte'too( B) Djwed'Mßt Napier IWMnjtt>"(C) J»ur»ng» H N Rochester/9003 28/2 2«/2 28/2 In
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      1147 36 A Ugv m. VII ISiittlH VOY *INOO 'PK/PNG [sGP LB CHLS NFK NYC HFX OOCL FORTUNE 19 5/3 6/3 8/3 31/3 10/4 12/4 14/4 11/4 AMBASSADOR BRIDGE 27 12/3 13/3 15/3 7/4 17/4 19/4 21/4 25/4 NEPTUNE GARNET 23 19/3 20/3 22/3 14/4 24/4 2S/4 28/4 2/5 OOCL FAIR 19
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      705 36 ETD SIN (1 OAY) 0 OAY) -(1 DAY) CHR|ST NL M 04/03/90 PORT KELANG PENANG BANGKOK VICTOR mA, TWICE/WKLY BOOKING CONTACT w ETD SIN (3 OAVS) »(2 DAYS) ♦(1 OAY) 04/03/90 unNr KOWG KAOHSIUNG KEELUNG JOYCE/JUDY MML TWICE/WKLY r nAV n VQ BOOKING CONTACT w FTD SIN (6 DAYS) ♦('OAY)
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      Page 36 Advertisements Column 3
      300 36 Continental Pacific Clslasa»rasra snipping r j TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR MARIA K SM Sid SKj SETE/RDH/ANT'FLU UK TAIPAN V 3 IV3 ROM/ANT/ FLU/UK ARTEMISION 5/3 SETE.ROM/ANT/FIU/UK Loads Sabah,lndonesia ®MULTIPORT AGENCIES (S) PTE. LTD. TEL: *****77 FAX: *****31 P.K. MULTIPORT SON BHD. TEL: 3M2508
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      Page 36 Advertisements Column 4
      690 36 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD v a, Telofc Aytr Street SINGAPORE 01M TEL: ***** M (10 LINES) Fai *****04 STRAITS/PERSIAN GULF SERVICE: Spo re P K*« ta, GOLDEN HAR«SI Cowmbo "Jrjcft. Dub*. W7 Mar GOLDEN WONDCP Cotombo. KaracWDubai 24/21 Mar CHINA SERVICE DAI TUN SHAN Mungpu Sh»r>|ti»( la
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      1645 37 NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: *****/***** E) Bookings: UK/EUROPE *****19, AUST/INOIA/PAK *****18 USA *****16, FAR EAST *****48 Documentation: *****44/*****14 Terminal: *****22 CFS: M 2 IMPORT: *****69/*****50 Km EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K.L.-*****33, P.Kelang *****87, Penang *****0, J.Bahru *****3, *****4 pjß i "■————u*u S4.P ft DR VSL/VOY
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      Page 37 Advertisements Column 2
      1228 37 m 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 ***** Pf NAMC MINK MESSRS HAI THONG SHIPPING 127 PwwwSbeet. (W*. Matey* HANOttNC SYSTEM COi SON BMP
      1,228 words
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      752 38 age iwnvc DSR LINES VEB DEUTRACHT/SEEREEDEREt ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND SIN *LCA ANT ROM HBG RST 0 GROTEWOHL 2/90 07/03 21/03 30/<B 30/03 01AM o*lo* ARNSTADT 1/* 17/03 09/04 09/04 11/04 1304 N CECIELSKI 7W 23/03 06/04 15/04 15/04
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      Page 38 Advertisements Column 2
      1057 38 UKC CONVPfnONAI WtMYICE Vnul r. KLC Nt PC Loadinf lor PINC AN CHENG 25/2 Rotlardam/Antwwp HANCHUAN 2/3 Rotl»rd»n;Antwp CHINA ruix COWTAPnai mvia VMMI PKLG PNG SPORE BKK HKG S'HAI Q'OAO YANG FANG KOU V1232C/2 25/2 3/3 1/3 14/3 NCI HE 41 20/2 22/2 24/2 5/3 9/3 Accaptinf FCL Cjrjo for
      1,057 words
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      Page 38 Advertisements Column 3
      264 38 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETO LOADING FOR OELI INOAH In Port 3.3.90 PANJANG/PK BALAM NAGA JAYA In Port 4 3.90 PANJANG LAMPUNG JAYA 8.390 93 90 SEMARANG/PANJANG PINANG JAYA 5.3 90 6.3.90 PANJANG/PK BALAM PERITA JAYA 6.390 7 3.90 PANJANG/JAKARTA ABAOI
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      Page 38 Advertisements Column 4
      559 38 W POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA GENERAL AGENTS ACCEPTING ALL FCL LCL CONVENTIONAL CARGOES AFGHANISTAN] Hairaton, Tourghundi, Kabul, Herat, Mazar-I-Sharif, Mashad, Kushka 1 IRAN I:Diulfa. Astara VIA ILYICHEVSK ETD SINGAPORE :7/03, 16/03, 22/03, 29/03, 4/4 EUROPE I :To all inland points: VIA VOSTOCHNY Poland, Bulgaria, Czech,
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      Page 38 Advertisements Column 5
      507 38 ASEAN PORTS^m *<gow Hock Agents Co Ltd BKK (Tel: *****80) rasa |vov Imuran uamc* PCJA BHUM 04N Sun I 43 W«d 73 Bg BMUM 431W Hon i(3 Tlx Ifl ARNSTAOT 2tW Hon 53 fri <3 JENLINK 14SN <hd 7>3 Sat M 3 PITA BHUM 215W <Nd 7/3 S«t M 3
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      1184 39 4TSISM9S§b VESSEL VOY SINGAPORE KHF/DUBAI JEDOAHI I LANKA SRIMANI 75W 8/3 13/3 20/3 LANKA RUWAN 4W 25/3 LANKA SRIMATHI 74W 7/4 13/3 20/3 I ALSO ACCEPTING CARGO (FCL/LCL) FOR: I ■A) INDIAN PORTS I MADRAS; TUTICORIN; COCHIN; MANGALORE; BOMBAY ■B) ARABIAN GULF PORTS I SHARJAH; DUBAI; BAHRAIN; DAMMAM; KUWAIT; MUSCAT
      1,184 words
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      Page 39 Advertisements Column 2
      229 39 HHM| flMmi JHKSS) ACCEPTING FCL AND CONVENTIONAL VESSEL Tvov ETA I LOADING FOB SPOKE ABBAVWONZ 23W8 I»*J OAfIESSALAAM MOMBASA DJIBOUTI ABBA WOHZ Z3W ASSAB MASSAWA. HOOEIOAM ANWNET WWB »04 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA HOOEIPAH Q MEN HUNG LINE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING
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      629 39 tato.P T- MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA 6 THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN
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      664 39 ll'liil BAY OF BENGAL SERVICES KMtLS Wt 8111 MM CCU lIT PAITHOON 33W J/3 11/3 0 SINCERITY 21A 3/3 17/3 SUSAK 101N 3/3 10/3 MOJt 1M 1/3 m VEGA 10A 1/3 21/3 TIGER RIVER KCNB 11/3 17/3 ILOVIK 102N 11/3 11/3 P. STAHOSTIN (MSI9O 13/3 20/3 lEUVE 9120 13/3 21/3
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      Page 39 Advertisements Column 5
      384 39 TO AUSTRALIA/NEW ZEALAND wi s<na»port Fi—«mii M »««*>*•< tnt txmss jc ~m m Si iw an l NUOtC M up m Si w *4 U" MUOa MS Tw »4 JM »< ws *5 C. VtKOUK MS MM m 7» IW W W5 iT* 1* DATS TO STDNET! TO USA/CANADA I&!***•
      384 words
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      707 40 COMPANIA PERUANA TCEX DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS' WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P. Kelang Singapore ROSEEVERETT 5/7 Mar JOHNEVERETT 11/13 Mar 14/16 Mar MURRAYEVERETT 25/27 MAR* 28/30 Apr VfSK "EVERETT ORIENT LINE" JAPAN/BAY
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      Page 40 Advertisements Column 2
      617 40 FU^CONTAlNEl^ERv!c^cc!pnm^Cuixrt!!rio3nnJss^M^ West Coast, Carribbean.Eait Canada. HAITI. Guatemala and Honduras VSI [S PORE [MAINLINE* [LAX |KST |SAV [NYC [HfX ZIM SINGAPORE 9/3 ZMt HAIFA 1/4 12/4 I*4 17/5 l*i A VESSEL 11/3 ZIM MONTREAL 11/4 X 4 23/4 2S/4 VI4 ZIM OSAKA 21/3 ZIM SAVANNAH 19/4 21/4 1/S 3/5 SIS ZIM
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      730 40 WSING KWANG HANG 4 TRAMNMTATKM (PTt) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENWEL 28/2 1/3 JENHOL I 3/3 I I 6/3 VESSEL S PORE BANGKOK A VESSEL 3/3 27/2 A VESSEL 10/3 6/2 DESTINATIONS ETA SINGAPORE PORT KELANG 3 MAR MANILA 2 MAR HONG KONG, ALL CHINA
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      Page 40 Advertisements Column 4
      486 40 A PERINTIS LINE WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE JAKARTA ETA ETD ETA ETD PELOPOR 931 3/3 4/3 6/3 7/3 PRASETIA 73A 7/3 8/3 10/3 11/3 PELOPOR 932 10/3 11/3 13/3 14/3 PRASETIA 75A 14/3 15/3 17/3 18/3 SURABAYA TANTO
      486 words
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      Page 40 Advertisements Column 5
      484 40 HI FAI EAST 4/3 KEELUNG/KAOHSIUNG 3/3 BANGKOK 5/3 MANILA 3/3 JAKARTA 2/3 PORT KELANG/PENANG 3/3 BUSAN 3/3 TOKYO/YOKO/KOBE 5/3 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai siM mmm 3/3 LDN/FLX/LVP/SOU 3/3 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN MSA/CAMABA 8/3 L.A./NYC/SFO 8/3 VANCOUVER/TORONTO/MONTREAL SjN AUSTRALIA/NEW ZEALAIH 3/3
      484 words
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      322 41 1& THE NATIONAL SHIPPING COMPANY Of SAUOI ARABIA REGULAR RO-RO SERVICE TO MIDDLE EAST VESSEL SINGAPORE P KELANG DAMMAM DUBAI JEDDAH SAUDI ABHA VOY 046 30 MAR 01 APR 10 APR 13 APR 19 APR SAUDI TABUK VOY 041 20 APR 22 APR 01 MAY 04 MAY 10 MAY SAUDI
      322 words
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      Page 41 Advertisements Column 2
      494 41 VSL DESTINATION ETA SIN DEJA BHUM 04N BANGKOK 4/3 SIRI BHUM 438N BANGKOK 5/3 ARNSTAOT 2WI BANGKOK V 3 JENLINK 145N BANGKOK 7/3 SO ASIA UR CEBU. MANILA IC/3 AKA BHUM 10S CEBU. MANILA 1/3 VIRA BHUM H CHITTAGONG, MONGLA 5,3 O SINCERITY 21A KARACHI. BOMBAY 3/3 KITI BHUM 30S
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      Page 41 Advertisements Column 3
      727 41 1 f ffpji PENANG—KL: allied-LINK SINGAPORE: /^An\ 04-*****2 *****8055 778 6522(22 lines) (SPB® \f Mtrin* Ong Smmh CM*« Mom YmMnt Ym> transintra Al shipping (singapof*) private limited Cargo bookings Tel: *****88 (5 LIKES) A I DAGOHOY 1-2 MAR BISLIG, MANILA I I TBN MID MAR Hongkong, Shanghai, Busan I FROM
      727 words
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      1067 42 EXPORT TO: UK/CONTINENT (TRIO) ir"ri, l |S'P*« P-Kotonj IVtoK HVI Btow* R£- L£ c,„ ihalm hw,«*, C|T» Of EDINBURGH 173 2*3 20/3 22/3 I*3 25/3 *ott»rt»m :to Amworp. AMtonuai. Otto, Stactnotia. Hotvnoi LIVERPOOL BAY 7/3 1/3 27/3 2*3 31,3 1.4 5 4 Bromo<tluvon :To BrotoM ■<!.'f-1 iT^M KASUCAI 1/3 W
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      208 42 e are pleased to announce the formation of IMNIV£II9/ ASIAN CHEMICAL TANKERS PTE. LTD., TATCI I JU|| Singapore and Tokyo as a 50/50 joint venture WITH between OWL Tankers of Bergen, Norway and MADIME Tft Tatsumi Marine Co., Ltd., of Tokyo, Japan W both companies with a long history in
      208 words
  • Page 42 Miscellaneous
    • Miscellaneous
      Page 42 Miscellaneous Column 1
      145 42 IPS Nf 100E sk JkQIOE OS SIGNIFICANT WEATHER AND SEA CONDITIONS AT 0730 HOURS ON MARCH 2. LEGEND R Thunderstorm Temperature c Weather Wmd direction with speed m knots y Shower M Roin Wave height Cloudy Sky Surface winds ore indicated by orrows which Hy with the wmd One fufl
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