The Business Times, 7 March 1990

Total Pages: 42
1 42 The Business Times
  • 11 1 Business Times MCI (P) 170/12/89 Wednesday March 7 1990 75 c
    11 words
  • NEWS SUMMARY
    • 45 1 AFGHAN PRESIDENT Najibullah yesterday declared that an attempted coup apparently led by the country's Defence Minister had failed. Tass news agency reported. Planes attacked the presidential palace and heavy fighting broke out on Kabul's streets earlier in the dav.
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    • 27 1 THE WEST GERMAN coalition government of Chancellor Helmut Kohl yesterday agreed to recognise the inviolability of Poland's western border after the unification of Gcrmanv.
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    • 40 1 GOING BY recent trends, some 10.500 women will qualify for the new baby tax rebates this year that's the projected number of second babies born this year to mothers under 31 years of age Page 2
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    • 22 1 SOUTH KOREAN investments in manufacturing projects in Malaysia arc expected to reach another record high this year. Page 9
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    • 26 1 JAPANESE Prime Minister Toshiki Kaifu has urged Japanese legislators to turn their attention to reforming structural problems in the economy Page 10
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    • 24 1 EUROPEAN Community ministers have failed to overcome a rift about Japan's access to the EC car market after 1992 Page II
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    • 30 1 THE SHOW that was roundly panned by critics, the Acadcmy Awards show, has changed producers in the hope that last year's fiasco will not repeat itself. Page 17
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    • 27 1 CEYLON Shipping Lines and Bengal X-Prcss will jointly launch new services from Sri Lanka to Indian/Bangladeshi ports in mid-March. Shipping l imes Page One
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  • MARKETS SUMMARY
    • 30 1 Prices of leading shares opened marginally higher on Wall Street yesterday, with the Dow Jones industrial average up 1.12 points to 2,650.67 five minutes into the session.
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    • 23 1 At about 1200 GMT yesterday, the Financial Times-Stock Exchange 100-share index was 17 points, or 0.8 per cent, lower at 2,213.5.
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    • 40 1 UNITED ENGINEERS (M) Rhd plans to list Projek Lcbuhraya Utara-Selatan Bhd (PLUS), a 50 per cent-owned associate in charge of Malaysia's Ms 6 billion North-South Highway project, on the Kuala Lumpur Stock Exchange in 1991 Page 3
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    • 35 1 MALAYSIAN Finance Minister Daim Zainuddin has said that it will take time before the Kuala Lumpur Stock Exchange (KLSE) solves the mystery of missing scrip worth an estimated Ms2oo million Page 5
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    • 40 1 THE SINGAPORE OFFICE of Moscow Narodny Bank wants to play a leading role in providing contacts, know-how as well as financing for those keen on doing business with the Soviet Union and Eastern Europe Page 7
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    • Article, Illustration
      29 1 Tuesday Change BT-MGA 781.87 -2.90 Kuala Lumpur .3055.53 -14.71 Hongkong 2,933.2 -5.45 Tokyo 33.791.08 -54.12 Sydney 1,580.4 -0.8 Monday Change New York 2,649.5 -10.81 London 2,230.5 -24.3
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    • 20 1 Exchange rates us$ SSI.8705 Yen SS1-*****. MS SS0.6912 Money market rates Overnight 5 3/4% -1/8 3-montn 6 1/4% -1/16
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    • 26 1 London Gold AM fix US$404.80 +USSI.80 Rubber S'pore April. l60.25'/kg +0.50 M sia April M230.50*/kg unch KL Tin Turnover !55tonnes +32 Spot MS 17.01/kg +27
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  • 524 1  -  By Anna Teo EMPLOYERS in all services sectors, such as commerce, banking and transport, can now admit low-skilled Malaysians, up to an initial ceiling of 10 per cent of their workforce. Fleshing out the foreign worker policy change announced last Friday by Finance Minister Richard
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  • 219 1 lIIE Regulation of Employment Act will be amended to enforce stiffer penalties for employers who hire foreign workers illegally, including a mandator) jail sentence for repeat offenders. Labour Minister Yock Suan >esterda> described the existing terms maximum fines of $5,000 or up to one year's
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  • 192 1 Reuter THE Export-Import Bank of Japan will provide low-inter-est loans to foreign companies to help them promote exports to Japan from next April, an Exim Bank spokesman in Tokyo said yesterday. The soft loans are aimed at helping foreign manufacturers improve
    Reuter  -  192 words
  • 456 1  -  By William Chia BUILDING sub-contractors could be left in a lurch if the main contractor goes bust, even when they have a contract clause allowing them to be paid directly by the developer concerned. This follows a ruling by Mr Justico LP Thcan
    456 words
  • 237 1 AP FOREIGN semiconductor makers* share of the Japanese market rose by nearly one percentage point to 12.9 per cent in the final three months of 1989. Government officials in Tokyo said yesterday that it was the fourth consecutive quarterly rise in foreign semiconductor
    AP  -  237 words
  • 331 1 Reuter JAPANESE International Trade and Industry (Miti) Minister Kabun Muto says Japan may eventually consider drastic measures to streamline its distribution system, targeted by the US as a barrier to trade. A Miti official said Mr Muto, speaking at a Tokyo press
    Reuter  -  331 words
  • Page 1 Advertisements
    • 292 1 Centrepoint #01-30 Forum Gallena BOJ: HANDS TIED, FEET BOUND 12 AN IMPERIAL QUEST 13 MUSIC AND IMAGE 14 Aircraft Schedule 25 KLSE -20 World Stock Markets 22 Bnstow 25 Leader 12 Commodities 24 Regional Co News 5 For market indices, editorial. Cryptic Crossword 25 Regional News 9 advertising and circulation
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    • 197 1 Sun, sealed and delivered I* flit flii M iMs< iff jf -Bw-fc^Mlll •Si'-->-'■••*, v X. ifS Vllf 1£ Hi <aw b *mit- i V s&T a i> Xsk w 'cM 1 ■w V i a^BoS*?^w^i^jritt^Kin^^^^^^^l^HlHHliHHffHfi^^^HMßiir--<4 II v.||\n OKI ;t director of Suntor>. shaking John Bittleston's hands to seal a 5825
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    • 36 1 Exclusive Trifari Triple Plating (Quality Guaranteed Made in USA Trifari ounlrrn: Iwlui kalonn Mrtru; Kar Kast, Manna. Paraxon I lairnani Wnlwn's Knmm <.all<-ria OUB Centre« Tuan >in(t Towrr. L'S Trade Rep waves the stick. Page 10
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  • HOME NEWS
    • NEWS ROUNDUP
      • 123 2 EMPLOYERS should check the trend of declining investment in apprenticeship programmes if companies are to remain competitive. Or Ho Tat Kin, the Member ot arliament for Toa Payoh GRC said yesterday. With the pressure of daily business, it is all too easy to abandon
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      • 59 2 SIXTY per cent of supervisors and managers in the private sector building maintenance do not possess formal qualifications A Construction Industry Development Board manpower survev found that many of them may not qualify for polytechnic diploma courses. The CIDB and the Real Estate Developers' Association of Singapore are
        59 words
      • 46 2 THE Housing and Development Board has become the first mainframe site in Asia to upgrade a non-IBM system to run IBM's latest operating system, the MVS/ESA. The hardware upgrade on the Hitachi Data Systems EX-60 mainframe was completed in just six hours.
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      • 58 2 THE first robotic pile driving rig to be designed and made in Singapore will be commissioned by Construction Industry Development Board chairman Dr Cham Tao Soon tomorrow. Robopile 2000 is remote-controlled and can be folded into a small unit to carry out works such as underpinning
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      • 30 2 WITH the Malavsian property market attracting investment interest from Japan, South Korea, Taiwan, Hongkong and Singapore, international property consultancy firm Vigers has set up operations in Malaysia.
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      • 61 2 THE Rotary Club of Singapore is inviting entries for its Small Scale Entrepreneur competition. Aimed at identifying and recognising a local entrepreneur of outstanding merit, the competition is open to individuals singly or in collaboration with one or more partners who have been successfully running a commercial
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      • 62 2 WITH investor interest gathering momentum in Batam, Sin-gapore-owned PT Koh Brothers Indonesia, which is developing a $30-million commercial complex on the island is organising a two-day investment and study mission for the public. The mission, from March 9-10, aims to update investors on the progress of the
        62 words
    • 506 2  -  By Anna Teo GOING BY recent trends, about 10,500 women will qualify for the new baby tax rebates this year. That is the projected number of second babies expected to be born this year to mothers under 31 years of age. Latest figures from
      506 words
    • 335 2  -  By Shoeb Kagda BANKINCi on a growing market of over-weight Asians. US-based Diet Centre Inc has chosen Singapore as the regional centre for its Pacific Basin operations. Quoting rising affluence and emerging trends of weight gain among Asians as the chief reasons for
      335 words
    • 237 2 IN A MOVE aimed at giving high profile exposure to locally-made products, the Trade Development Board (TDB) will host a Singapore Showcase at Changi Airport later this year. It is leasing 180 square metres of shop space at the airport's Terminal 2, which
      237 words
  • Page 2 Advertisements
    • 221 2 iof#> From the hard est machincr y "> ,he most delkaie liv to < k y° u c lr,,s y° ur c r f° lo T Not htcaust °f°" r 5 300 54 m cargo handlin^warehouse or our <**<»»<"' network that spans 7t cities in 36 countries. But because of
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 254 3 Other indices Close Previous Net change BT Composite 1354.68 1356.95 -2.27 BT-MGA 781.87 784.81 -2.94 ST Industrials 1552.55 1552.45 +0.10 BT OB/OS -266 -175 -91 BT CADI -5379 -5293 -86 BT 10-day MA -5309 -5282 -27 BTOBV +*****16 +*****17 -***** ST Finance 2649.94 2652.91 -2.97 ST Hotels
      254 words
    • COMPANY BRIEFS
      • 70 3 MALAYSIAN PACIFIC Industries Bhd (MPI) is proposing a one-for-two rights issue of 39.33 million shares at M 52.65 each which will raise M$ 103.5 million in new capital. At the same time, the company is proposing a one-for-two bojrus issue involving 39.33 million new shares
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      • 58 3 SIM LIM Investments Ltd is proposing to change its name to Summa Investments Ltd to reflect the relationship of the company with the Indonesian Summa group. SLI said approval had been received from the Registrar of Companies to change to the new name. An
        58 words
      • 44 3 KURT LINDBLAD, managing director of Metalock Ltd. has sold a block of 409,000 shares in the company for a total of $1.23 million. Following the sale, Mr Lindblad still holds 3.15 million shares or 13.12 per cent of the company.
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      • 56 3 AUSTRAL ENTERPRISES Bhd has forecast a group pretax profit of M$ 14.07 million for the year ended Jan 31, 1990 and a pre-tax profit of M$ 12.39 million for the next financial year after taking into account the net proceeds of the proposed rights issue
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    • 232 3  -  By Magdalene Ng FLOUR MILLER Prima Ltd, announcing further depressed profits for 1989 yesterday, has cautioned shareholders that the year ahead will be a difficult one. It cited unfair competition from imported flour in the domestic market, high operating costs and uncertain
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    • 545 3 MARKET TALK CYCLE CARRIAGE appears to be the most vulnerable among motor stocks listed on the Stock Exchange ofSingapore to the government's recent vehicle quota policy. Under the new vehicle policy, the government will allow a net increase of
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    • 455 3  -  By William Chia UNITED ENGINEERS (M) IJhd is planning to list Projek Lcbuhraya Utara-Sclatan lihd (PLUS), a 50 per centowned associate in charge of Malaysia's M$6-billion North-South Highway project. on the Kuala Lumpur Stock Exchange in 1991. UEM said recently that PLUS
      455 words
    • 346 3 ARAB-MALAYSIAN Merchant Bhd executive chairman Tan Sri Azman Hashim has made overtures to his former managing director Datuk Malek Merican to return to the merchant banking group. "We are still talking on the possibility of his return Tan Sri Azman disclosed. Tan Sri
      346 words
    • 556 3  -  By Rosie Tan JAPANESE liquor conglomerate Suntory Ltd is making a conditional takeover offer for Cerebos Pacific Ltd at 58.25 a share, a move which will enable it to diversify further into the food sector and expand regionally. The offer, which is
      556 words
  • Page 3 Advertisements
    • 173 3 Visit The Oriental, Singapore for a taste of traditional British cooking. THE ORIENTAL SINGAPORE If you find yourself reminiscing about Bubble and Squeak and Lancashire bangers and mash, roast beef and hot pot with traditional condiments shepherds pie. you'll be delighted like chutneys, mustards and relishes to hear that The
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  • Page 4 Advertisements
    • 305 4 uii i' I rr i* Jl A: t_ k 11 mn ***** uin n n nmrnmL GETTHE H WHOLE PICTURE V I usuall save now I i pa epson package HH PC AX2 with The 286 AT* compatible computer is great as a stand-alone or even as a workstation in
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  • REGIONAL COMPANY NEWS
    • 369 5 Bernama LONG HUAT Timber Industries Bhd (LHTI), in seeking listing on the second board of the Kuala Lumpur Stock Exchange (KLSE), will make a public issue of 2.57 million new shares of M$ 1.00 each and an offer for sale of 3.39 million existing
      Bernama  -  369 words
    • 456 5 Agencies MALAYSIAN Finance Minister Daim Zainuddin has said that it will take time before the Kuala Lumpur Stock Exchange (KLSE) solves the mystery of missing scrip worth an estimated Ms2oo million. He was quoted yesterday by Bernama news agency as saying that the
      Agencies  -  456 words
    • 202 5 AFP INDONESIA'S PT Unggul Indah Corp (UIC) has signed a licensing agreement with Universal Oil Process (UOP) of the United States to double output of alkylbenzene, a raw material for detergents, to 120,000 tonnes by 1992. Under a royalty and engineering agreement signed with Nikki
      AFP  -  202 words
    • 99 5 AFP THE HONGKONG Appeal Court has ruled that the former chief of the HK bourse, Ronald Li, has to stand trial on two corruption counts which were earlier dismissed by the High Court. The latest judicial ruling yesterday was made on an appeal filed
      AFP  -  99 words
    • 186 5 HONGKONG Mfctt Close Opea H%h Low VoIhk Ckaap Hang Seng Index 2.933 2,938 2,941 2,921 -5 Hang Seng Spot 2,933 2,950 2,950 2,930 242 -1 Clow PmtoM Nat Ckaafi Mar 6 Mar S Hang Seng Finance 2,062.69 2,074.40 -11.71 Hang Seng Utilities 3,650.71 3,649.87 +0.84 Hang Seng
      186 words
    • 101 5 K MITSUKOSHI LTD has decided to suspend a planned new issue of 20 million shares by public placement due to uncertainty over the direction of the stock market, a company spokesman said. The department store operator had set an issue price on the shares of 2,075
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    • 88 5 THE Adelaide Steamship Co Ltd group bid for Industrial Equity Ltd (lEL) will become unconditional on March 8, a spokesman for bidding vehicle Dextran Pty Ltd said. The spokesman said Dextran, owned equally by Adsteam itself and Adsteam group members David Jones Ltd and Tooth and Co
      88 words
  • Page 5 Advertisements
    • 240 5 an area of potential for business and y trade possibilities, the Department of •HPjff M&-. Trade Development of Western Australia is organising a series of 7-day fully<on<kjcted Business Investment Tours. fofaferrr/Urffnrfu* pBk* ,y/ Highlights of the tour include presentations on the Business Investment Programme and Education opportunities, Tourism Bp Investment
      240 words

  • INTERNATIONAL COMPANY NEWS
    • 99 6 NEW YORK 5 "Y\ 1 iMiiCM Close Previous Net Change j >TVVv> Jones 2,649.5 2,660.3 —10.81 'NYSE Composite 184.15 184.97 Standard Poor's 500 333.74 335.54. Turnover (nearest '000) 140,000 164,300 24,300 LONDON Financial T.mes 30 1,755.6 1,774.2 -18.6 100 2,230.5 2,254.8 —24.3 (nearest 000) 316,300 542,000 225,700
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    • 522 6 Reuter LOC KHEED CORPs chairman is mustering his defcnccs for a proxy fight with investor Harold Simmons a battle he did not see coming and does not want. "We don't want a proxy fight," Daniel Tellep, Lockheed chairman and chief executive, said in California on
      Reuter  -  522 words
    • 168 6 Reuter AMERICAN EXPRESS Co chairman James Robinson is planning major changes at Shearson Lehman Hutton Holdings Inc that could lead to the firm abandoning some types of business, the New York Times said yesterday. "The approach to some of the business will change," the newspaper quoted Mr
      Reuter  -  168 words
    • 464 6 FT IMPERIAL Chemical Industries (ICI), one of Britain's largest industrial companies, is seeking powers to buy back up to 10 per cent of its shares. ICl's move comes in the wake of similar action by a number of UK companies, unhappy about the level to
      FT  -  464 words
    • 339 6 Reuter SWISSAIR-SCHWEIZER-ISCHE Luftvcrkchr AG has signed a letter of intent to sell its interests in the 17 hotels of the Swissotel group as well as the management company to Japan's Aoki Corporation. Jean-Claude Donzel, a Swissair spokesman, said in Zurich yesterday that the
      Reuter  -  339 words
  • Page 6 Advertisements
    • 263 6 A, *> 1? JV- -y,*K>/l o < w-. ,v .V i f -M' A s v $P ■> L I iL t u JKfcU A, I I Chances are that right now you v pr)R have your offices in the city, your show- t room downtown and your warehouse J
      263 words

  • FINANCIAL NEWS
    • 336 7  -  By Dexter Lee THE SINGAPORE office of Moscow Narodny Bank wants to play a leading role in providing contacts, know-how as well as financing for businessmen interested in doing business with the Soviet Union and Eastern Europe. In an interview with BT,
      336 words
    • 236 7 IN A MOVE likely to ;park off another round of interest rate hikes, DBS Bank vill jack up its prime lending rge by a quarter percentage poirt to 6 per cent tomorrow. This is the second time this year that DBS has decided
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    • 193 7 ARAB-MALAYSIAN Credit Berhad (AMCB) a Malaysian credit and leasing company is tapping Ms4o million from the regional capital market through a revolving credit facility. The three-year loan, guaranteed by six Singaporebased banks, is lead-managed by merchant bank ANZ Singapore, which is also acting as a
      193 words
    • 291 7 THE EXTENT and pace at which the Singapore's financial services sector has grown would not have been possible without the application of information technology, the chairman of the Association of Banks in Singapore (ABS) said yesterday. Mr Patrick Yeoh, who is also the president
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    • 180 7 Reuter US FEDERAL RESERVE vice-chairman Manuel Johnson said the US deposit insurance system and other "safety nets" for the banking industry will need to be reformed as banks are granted broader investment powers to compete in global financial markets. Mr Johnson said in a
      Reuter  -  180 words
    • SMALL CHANGE
      • 56 7 JAPAN'S Daiwa Securities Co said it was planning to send financial experts to Hungary to help the East European country establish a financial market. Daiwa officials said the company would advise Hungary on the establishment, of a stock exchange, the privatisation of state-owned
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      • 65 7 BANQUE Indosuez the banking arm of Compagnie Financicre dc Suez which failed to win control of Moigan Grcnfcll Group pic last year confirmed reports it was negotiating to buy Gartmore Investment Managemeri| -Ltd from British and Commonwealth Holdings pic. Asked whether Indosuez would pay the £130
        65 words
      • 138 7 CANADA'S Royal Trust Co Ltd said it was offering ,"L 100 Swiss francs per share to buy back the six per cent stakrin its Royal Trusf Bank (Switzeriand) AG unit that it does not already own. Shares closed at 940 francs on Monday. Senior
        138 words
      • 48 7 S P lowers Nat West rating RATING agency Standard Poor's has lowered rating on National Westminster Bank pic's subordinated debt to'AA+ from triple A. the triple A senior long term debt rating for Nat West has been confirmed as is the triple A rating for junior subordinated perpetuals.
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  • Page 7 Advertisements
    • 809 7 Press Release BARINGS 6th March, 1990 SUNTORY PACIFIC PTE LTD (Incorporated in live Republic of Singapore) OFFER FOR CEREBOS PACIFIC LIMITED On behalf of Suntory Pacific Pte Lid (the "Offeror"), a wholly-owned Singapore subsidiary of Suntory Limited ("Suntory"), a Japanese corporation, Baring Brothers Co., Limited ("Barings announces on behalf of
      809 words
    • 47 7 Didn't I see you at Scandals? Even Monday: High Fashion Night. Even Thundav: Udies Night. Even Night: The place to see and be seen. Scandals. Singapore's most sophisticated club and meeting place. 4? h The Westin Plaza For details on membership, call SSOMIO. SlnjapOff Westin hotels Resorts <
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  • Page 7 Miscellaneous

  • Page 8 Advertisements
    • 294 8 V MP> 1 .T.i *j y-T j I'• B i i —fi 111 m 1 |JUk|^|gyUdMM With some out from the moment you buy them. Not a happy prospect when you consider the i makes uch S 6 I*l 6S* )>. v H V X fl '^1 m M gown
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  • THE REGION
    • 198 9 THE TIME has come for Singapore to review existing coastal development strategies in order to prepare itself for the future, the Minister for the Environment, Dr Ahmad Mattar, said yesterday. Presenting a paper in the Philippines entitled Coastal Resources Management The Singapore Experience at
      198 words
    • 421 9 MBT SOUTH KOREAN investments in manufacturing projects in Malaysia, which rose sharply in 1989 based on approved projects, are expected to reach another record high this year, according to a Malaysian Industrial Development Authority (Mida) official. "The 1990 figures will probably be substantially
      MBT  -  421 words
    • 225 9 AFP INDONESIA has authorised five foreign firms disqualified from a previous tender to re-tender for a multi-million-dollar telephone network expansion project. State Secretary Murdiono said in Jakarta yesterday that President Suharto had decided that five finalists disqualified in the first tender for
      AFP  -  225 words
    • 158 9 AFP THAILAND may alter its policy towards the Cambodian resistance as well as towards refugees from the Cambodian war living in camps on Thai territory. A Thai spokesman in Bangkok said on Monday that the government might re-evaluate its position towards the Cambodian resistance alliance in
      AFP  -  158 words
    • 118 9 AFP INDONESIA'S armed forces (Abri) will never be tricked into unconstitutional acts, says Defence Minister Benny Murdani. "Abri is aware that we will never let ourselves be tricked into doing something unconstitutional," Indonesia's leading daily Kompas quoted him as saying. But Mr Murdani warned that
      AFP  -  118 words
    • NOTE BOOK
      • 69 9 Bernama MALAYSIA has begun to make her mark in several areas of manufacturing as a result of the expansion and diversification of its manufactured exports. Malaysian Trade and Industry Minister Datuk Sen Rafidah Aziz said in Kuala Lumpur yesterday that the last few years had
        Bernama  -  69 words
      • 53 9 Bernama MALAYSIA is to set up a joint-venture network in Fiji soon to boost bilateral trade with that country. Malaysian Trade and Industry Minister Datuk Seri Rafidah Aziz said yesterday that the network would comprise companies from the Malaysian private sector as well as Fijian
        Bernama  -  53 words
      • 58 9 AFP THE PHILIPPINE inflation rate dropped to 12.8 per cent last month, down from the 13.1 per cent annual rate posted in January. A spokeswoman for the National Statistics Office said in Manila yesterday that the February rate was, however, still higher than the 8.6 per
        AFP  -  58 words
      • 74 9 AFP THAILAND is now the key peacemaker in the Cambodian war as talks involving the superpowers have failed, said resistance leader Prince Norodom Sihanouk in Cambodia on Monday. He added that the Khmer Rouge, held responsible for hundreds of thousands of deaths during its rule
        AFP  -  74 words
      • 64 9 Reuter A THAI NEWSPAPER, saying Britain's withdrawal from Hongkong could end as a "tragic disgrace", said Thailand could not shoulder an influx of "plane people" refugees after the colony, returned to Chinese rule, the English-language Bangkok Post said in an editorial yesterday. Thailand already offers residency
        Reuter  -  64 words
      • 62 9 AFP THE THAI INTERIOR MINISTRY is to set up a "bribes fund" to refund people who have been obliged to bribe officials to speed up paperwork, so that the victims can identify the officials concerned. A ministry spokeswoman said in Bangkok yesterday that the fund,
        AFP  -  62 words
      • 54 9 Reuter VIETNAMESE YOUTHS, including sons of high-ranking communist party members, have been avoiding military conscription in the Haiphong area. The Vietnam News Agency reported yesterday that only half of all young men of military service age had shown up for medical examinations in the area around
        Reuter  -  54 words
  • Page 9 Advertisements
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  • THE WORLD 1
    • 586 10 AFP JUST 48 HOURS after President George Bush talked softly with Japan's Prime Minister Toshiki Kaifu on the need to reduce Tokyo's trade surplus, US Trade Representative Carla Hills waved the big stick of sanctions and warned Japan it had better act fast to
      AFP  -  586 words
    • 546 10 AP PRIME MINISTER Toshiki Kaifu urged Japanese legislators yesterday to turn their attention to reforming structural problems in the country's economy that contribute to Japan's US$49 billion trade surplus with the US. "We intend realistic efforts to carry out structural reforms. That means
      AP  -  546 words
    • 279 10 AP US NEGOTIATORS have admitted that "little progress" has been made in cracking Japan's barriers to American exports and said only time will tell whether US President George Bush's weekend summit with Japanese Prime Minister Toshiki Kaifu will produce results. Two key US senators,
      AP  -  279 words
    • 291 10 AFP DISSATISFACTION with the performance of South Korean President Roh TaeWoo has dwindled 5 per cent over the past six months, but his supporters are still in the minority, according to an opinion poll released in Seoul yesterday. The main opposition
      AFP  -  291 words
    • 237 10 Reuter NORTH KOREA has called on the US to take a first step towards pulling out all its troops from the South, and has pledged to meet any such move with confidencebuilding measures of its own. A Pyongyang Foreign Ministry statement on Monday,
      Reuter  -  237 words
    • 449 11 AFP EUROPEAN Community ministers, in a heated debate on Monday, failed to overcome a rift about Japan's access to the EC car market after 1992. Diplomats in Brussels said three "hard-line" countries, led by France, underscored their opposition to giving Japan liberal treatment
      AFP  -  449 words
    • 227 11 AFP STREET VENDORS, illegal just months ago, have sprouted like spring flowers in Poland in the past few weeks, becoming one of the most tangible results of the non-communist government's new economic policy. Under the former communist regime, travelling salespeople faced heavy fines
      AFP  -  227 words
    • 147 11 AFP MORE THAN 15 billion francs (US$2.6 billion) in extra financing will be needed to complete the crossChannel tunnel. Speaking in Calais, France, on Monday, Eurotunnel chairman Andre Benard emphasised that the figure 75 per cent of which is to be met through new bank
      AFP  -  147 words
    • 127 11 Reuter WARSAW PACT foreign ministers are to meet in Prague on the eve of East Germany's general election to discuss European security, Czechoslovak Foreign Minister Jiri Dienstbier said. He gave no details but said Soviet Foreign Minister Eduard Shevardnadze had reacted "with interest" when
      Reuter  -  127 words
    • 259 11 AFP WEST GERMAN Chancellor Helmut Kohl on Monday acknowledged that a row with his foreign minister over the unconditional guarantee of Poland's western border had brought a "very difficult" situation for his coalition government. West German television said the chancellor made the admission at
      AFP  -  259 words
    • WORLD WATCH
      • 64 11 THE opening up of the countries of Eastern Europe could contribute to continued good growth of the world tourist trade this year, the Organisation for Economic Cooperation and Development (OECD) said yesterday. In a report released in Paris, the organisation said the industry
        64 words
      • 78 11 THE European Community (EC) must substantially increase its budget to help poorer members as it moves towards economic and monetary union (EMU), Irish Finance Minister Albert Reynolds said in Brussels on Monday. He told a meeting of the European Trade Union Congress that some of
        78 words
      • 83 11 THE EC backs West German Foreign Minister Hans-Dietrich Genscher in insisting that Poland's western border be unequivocally recognised. Irish Foreign Minister Gerry Collins said in Brussels on Monday. "I have no doubt whatsoever that Foreign Minister Genscher will be certainly of the view that the
        83 words
      • 64 11 SOUTH Africa rushed troops to the Ciskei tribal homeland on Monday to quell unrest after a coup and hinted it would recognise the black nationalist rebels who deposed the territory's unpopular president. Hundreds of soldiers patrolled the poverty-stricken territory to protect government installations and offices
        64 words
      • 83 11 BRITISH Prime Minister Margaret Thatcher took a "courageous stand" in lifting certain sanctions against South Africa after black nationalist leader Nelson Mandela was released last month, the head of the country's main Zulu organisation said in London on Monday. Chief Mangosuthu Buthelezi, who heads the powerful,
        83 words
      • 100 11 NICARAGUAN President-elect Violeta Chamorro said on Monday there would be no jobs for US-backed Contra rebels in her government or army. Sandinista officials have voiced fears that Mrs Chamorro, whose 14-party alliance soundly beat the leftist Sandinistas in elections last week, could give senior positions
        100 words
  • Page 10 Advertisements
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      160 words

  • Page 11 Advertisements
    • 165 11 Cation Top-of-the-line offer No. 3 AT $4,880, THE POSTSCRIPT(ADOBE) UPGRADABLE CANON LBP 8 111 IS THE ULTIMATE CHOICE. Canon jLBP'Bm 1.5 MB RAM as standard 9 Scalable Fonts and 8 Bit map Fonts built-in X CANON CAPSL (Canon Printing System Language) which provides 0f for scaling and rotating fonts styles,
      165 words

  • 467 12 EDITORIAL GRESHAM'S law states that bad money will drive out good money. It is a law Singapore's financial authorities subscribe to wholeheartedly, which is why they have kept a relatively tight rein on the financial system. Now the Association of Banks in
    467 words
  • WHAT THE OTHERS SAY
    • 222 12 IN THE FACE of general concern in the business community over the rising costs of doing business, and the recent call by Mr Mah Bow Tan, Minister of State (Trade and' Industry), for moderation in wage rises this year, it is essential to monitor indicators for early
      222 words
    • 124 12 WHEN THE current Malay Cultural Month ends, the Indian community will have its turn. The Chinese have had theirs. Growing Western influence in Singapore over the past 20 years has triggered the present cultural introspection. What kind of culture should we shape for ourselves? Which path of cultural
      124 words
    • 123 12 THE BUDGET has brought relief all around, coming soon after the disclosure of details on the working of the vehicle quota system. The government is not raising any tax. On the contrary, there are bonuses for the corporate sector as well as the individual. And to promote family
      123 words
  • REGIONAL VIEWPOINTS
    • 94 12 AMERICAN PRESIDENT George Bush asked Japanese Premier Toshiu Kaifu to take political action to ensure that the Structural Impediments Initiative talks are successful. It is rare for a US leader to ask a Japanese prime minister to intervene politically on individual trade problems. This request will
      94 words
    • 112 12 THE PROCESS of weeding out from within the ranks officers and men with suspect loyalty to the government will require time, but time is the one thing that President Aquino and her government may not get from their restive opponents. The attempt yesterday by suspended provincial governor
      112 words
    • 59 12 THE JAPAN-US structural Impediments Initiative will end in empty talk, unless Japanese companies' overly-strong competitiveness and the nature of Japan's closed economy are subjected to close scrutiny. Can politicians really exert the leadership necessary to solving the problem? Prime Minister Kaifu is not the only one who should
      59 words
    • 94 12 PRIME MINISTER General Chatichai Choonhav- an yesterday notified his deputy. General Thienchai Sirisamphan. to "slow down privatisation because the government has no policy on this issue". Protesting unions at several state enterprises were pleased to hear this. The state enterprise union leaders decided to call off their campaign
      94 words
  • 1158 12  -  The problems in Japanese financial markets draw attention to the Bank of Japan's inability to stand up to the Finance Ministry and other government departments, argues Patrick L Smith in the International Herald Tribune. Patrick L Smith THE CURRENT turmoil in financial markets in
    1,158 words
  • Page 12 Advertisements
    • 55 12 Hi H i A i ■BS' $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
      55 words
    • 77 12 Have A Feast, Feast your tastebuds to 'Live' Seafood j I as fresh as you get at River Palace. I Simply pick a choice and we'll cook it I y I just the way you like. Jjf ft You could also indulge in our 'Live' l' jlwi Prawns and Superior
      77 words
  • Page 12 Miscellaneous

  • ANALYSIS
    • 770 13  -  The overhang of worthless roubles is a millstone around the neck of the Soviet economic system now barely keeping its head above water, but the babel of voices on what should be done may precipitate a drowning. Stephen Jukes says why.
      Reuter  -  770 words
    • 1274 13  -  Andrea Borch sizes up the share offer by the Imperial hotel .chain in Thailand, known as much for its amazing success as for its unconventionality. The driving force behind it was in town recently, affording a piquant insight into the chain's unique modus operandi.
      (Picture by Leslie Koh)  -  1,274 words
  • Page 13 Advertisements
    • 220 13 h a. li 3 111 A 8 M o 3/ /if/ /1/ /dy /J/ /jy 77 1 /v GUESS WHY BUSINESSMEN ARE TRADING THEIR PENS FOR CHOPSTICKS OVER LUNCH THESE DAYS? Yon would too, if you have Fried Crayfish Chaozhou tried the new Chinese style, Stir Fried Beef with Connoisseur
      220 words

  • FOCUS
    • 823 14 The efforts of foreign companies to spruce up their image in Japan through sponsoring concerts do not always yield the desired results. Still on Japan, the second article looks at spiralling land costs creating a nightmare for potential home-owners there. Asahi WITH an
      Asahi  -  823 words
    • 560 14 AFP FOR many Japanese well-paid but ill-housed the dream of owning a home is a castle in the sky as they watch real estate speculation send prices to dizzying heights. Prime Minister Toshiki Kaifu has decided to try to tacklc the growing
      AFP  -  560 words
  • Page 14 Advertisements
    • 127 14 I IS A GREAT AFFAIR >v v;?: v The Mandarin Singapore presents the creation as well as his other equally Flavours of New Zealand from 7— 17 enticing offerings. ar Needless to say, it's the prime quality of As a treat for Singaporeans, Chef Anthony New Zealand meat and produce
      127 words
    • 0 14 ,`[/*"'!*+>==:~)\@|=&/\~]^+(;|~
      0 words
    • 166 14 wm 'TgssSsssS&t FOR SALE BY TENDER Tga&T CLOSING DATE 22 MAR 90. 3PM A Prime Freehold Commercial W Building For Investment fMMK-., iMipmpppnnv l nrrryrrfw i—Bwpupnii SjiipMß^ Excellent location, along Keppel Road just 5 -j outside the Restricted Zone yet within the CBD I 7 SIA R>v'<J g v\ rS/H
      166 words

  • SPORTS
    • 446 15 AP UNSEEDED AMERICAN Peanut Louie-Harper turned her game around in the second set on Monday and scored an upset victory over 14th-seeded compatriot Susan Sloane in a U*****,000 women's tennis tournament in Boca Raton, Florida. Louie-Harper, who won her last singles title in 1985, rallied
      AP  -  446 words
    • 248 15  -  By A Surendren COMPUTER distributor Epson Singapore Pte Ltd has committed $400,000 to the Singapore Open Golf Championship. That makes the company the largest contributor of prize money for the championship, winning it the right to name the competition as the Epson Singapore
      248 words
    • SIDE LINES
      • 112 15 AP GLEN RICE scored from the top of the key at the buzzer as the Miami Heat rallied from a nine-point deficit in the final 6:08 to beat Utah 105-104 on Monday night, ending a seven-game winning streak by the Jazz. Rice scored after taking
        AP  -  112 words
      • 143 15 AP SPRINT STAR Florence Grif-fith-Joyner said yesterday that she expects fellow American Dawn Sowell to take over her mantle as fastest woman in the world. Speaking at a press conference in Sydney, GrifTith-Joy-ner said she did not expect her marks of 10.49 seconds for the 100 metres
        AP  -  143 words
      • 85 15 AP ANDRE AGASSI, Brad Gilbert, Rick Leach and Jim Pugh were selected on Monday by Davis Cup captain to play for the US from March 30-April 1 against Czechoslovakia. It will be Gilbert's third consecutive Davis Cup match. He played in this year's opening-round victory over
        AP  -  85 words
      • 136 15 AP BELGIAN Eticnne Dc Wilde sprinted ahead of a hunched paek on Monday to take the second stage of the Paris-Nice cycling race. The day's stage from Orleans to Nevers in central France was highlighted by the tourist-like pace of the cyclists. For most of the
        AP  -  136 words
  • Page 15 Advertisements
    • 736 15 ▼Il■l V y T i J V k k Pay Care different from life insurance. With Pay Care you can pay bills that keep coming when your income stops. W K V V V m j my medical insurance A 1 IMI l plan and Medisave will help." m J
      736 words

  • Page 16 Advertisements
    • 234 16 GUIDE TO GOOD F00D... GUIDE TO GOOD F00D... GujoMyGOODFOODTGuiDM^OOnoOpTGuiD^^OODFoSp^ Some of our best advertising is by word-of-mouth. /2£*? v y*. v For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext *****/6. RUM Thi WISUN
      234 words
    • 363 16 nuimcGs UTTOffSrSJXSF' THE MOST WONDROUS BUFFET LUNCH IN TOWN Enjoy a gourmet buffet luncheon at an ungourmet price! For starters, take your pick of our cold dishes prawns on ice, fresh oysters, smoked salmon, melon and dried ham, vegetable terrine, mixed seafood salad, cooked assorted vegetables and homemade dressings Select
      363 words
    • 285 16 i £±5 presents Sugat'K Spim Enjoy the warm, mellow sound of Sugar 'N Spices. This tunesome foursome brings back nostalgic favourites from the 'fifties and 'sixties during Happy Hours HAPPY HOURS: 5 pm 8 pm daily Performance :6pm 8.30 pm Monday to Friday. Plaza Hotel SINGAfORC MtVeCOt'oowr I T iwcl
      285 words
    • 387 16 I KIWI FAKE I IS A GREAT AFFAIR I The Mandarin Singapore presents the B Flavours of New Zealand from 7— 17 H Mar '90. Chef Anthony Smith from B s«h rioor New Zealand will demonstrate the B multi-cultural versatility of lamb in his award- B winning dish "Lamb Flavours
      387 words
  • Page 16 Miscellaneous
    • 756 16 TELEVISION AND RADIO Alif p nf 88C18 3f jszsr sssr I 111 C U1 UdlltC ;222£~ JSSffc«-»««. BBC.m-Hzi.VHFB.-d ll epl New Yort in.o the 7.10.-, ».25.«, l.Mf". Ws. This issue previews the J™ "J"* ?Vt"' fr; J*™ 0 (M .no 5.30pm, 3.25aa: Financial News latest collections from some S.3® Alu
      756 words

  • LIFESTYLE
    • 860 17  -  Dogged by last year's adverse reaction to the Academy Awards presentations, producer Gilbert Cates is determined to get better reviews this year, reports Robert Reinhold. Robert Reinhold NYT IF HOLLYWOOD press agents had X-ray vision, they would all be trying to pierce the
      NYT  -  860 words
    • 438 17 NYT Andy rooney. suspended from the CBS news programme 60 Minutes last month over remarks attributed to him that offended blacks and homosexuals, returned to the programme on Sunday night, not with an apology, but with the kind of commentary he is known for: provocative
      NYT  -  438 words
    • 264 17 CHATTERBOX TROP BELLE POUR TOI (Too Hood for You), the story of a salesman who drops his too-perfect life with a beautiful wife for a passionate affair with his dumpy secretary, won five Cesars including best movie on Sunday in France's equivalents of
      264 words
  • Page 17 Advertisements
    • 337 17 GUIDE TO 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
      337 words
    • 146 17 9-COURSE DELICACIES S #£jb 9 BONUS ITEMS sp«i <% 11 sp Enjoy the following bonus 1 tJ\eou jtems now Vahd tj|( 31/3/90 <D Free tea refreshment g(HttrflHslSJflnS?HsiS?n^] (2) Free-flow of stout beer B 1 ASSORTED COLD CUTS W (3) Suntax 35mm camera Ej 2 SHARK S FIN W/CRAB MEAT 5
      146 words
    • 72 17 [rifco RESTAURANT Frisco ofTcr the finest continental cuisine with cosy, friendly ambience. EXCLUSIVE BUSINESS LUNCH 11.00 am to 2.30pm Set Lunch $'28.00++ per person (menu changes daily) ROMANTIC DINNER 6.00pm to 10.00pm Candle-light Set Dinner Q $25.00++ per person HAPPY HOURS 3pm to 10.00pm All alcoholic beverages except wine are
      72 words
    • 199 17 w TRADITIONAL CANTONESE CUISINE H BEST HONG KONG c DIAN XIN IN TOWN China China Restaurant J Marina Bay Golf Country Club L V A 9 6 Marina Green Singapore 0101. for Reservations Please Call *****11. Traditional Refined Sushi AOYAMA O-ZUSHI Enjoy traditional refined Sushi in the cosy ambience of
      199 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4559 18  -  By Lim Mui Khi INVESTORS WERE sidelined yesterday in the absence of strong leads from overseas. Market observers said a lack of energy in the Tokyo bourse and a lower Wall Street on Monday were reasons for the dull day yesterday. Said an analyst:
      4,559 words

  • STOCK EXCHANGE OF SINGAPORE 2
    • 698 19  -  by Lim Mui Khi WHILE LACKLUSTRE trading on the main board was the order of the day, Clob International saw rather more activity. Investors took profit across the board, driving prices down. On the scoreboard, falls led rises 77 to 15 counters. The Business Times
      698 words
    • 2910 19 Gr*s Gr's 1989 90 Id [jiSt Vol Day Last Quote Div Div VW Net M Cap High I o» Code Company Sale +o»("000) Low Buyer Seller Cvr P/E Smil HONGKONG STOCKS 102 96 1418 CDL Hotels Intl 97 -V, 2332 98'/, 96 96'/, 97 1246 Cathay Pacific 1000
      2,910 words
  • 917 19 C ompany Expiry/ Coupon C onversion period Intern! C onversion term for one ordinary maturity payable share date Causeway Loan 1994 6 Dec 31 Causeway Wt 1994 Oct 2, 1989 to Oct 20, 1994 1 warrant plus SI cash or 1 warrant plus Jl
    917 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3338 20 Bernama SHARE PRICES in Kuala Lumpur yesterday closed lower on widespread selling and buyers' reserve as sentiment was dampened by the lack of clear leads from the Tokyo market. The KLSE Composite Index fell 5.55 points to 599.71 at the close while the NST Industrial Index weakened
      Bernama  -  3,338 words
  • BT SHARE INFORMATION SERVICE
    • 527 20 Singapore Stocks Last Full Year Company Period Oat* Year Net EPS Gross Net nvuted iraftnf (cents) (fv profit last year (S'000) B M T Interim Jan 27 km 90 1696 100 0 516 G Secwities Final Feb 2 Dec 89 6.8(a) 768 Guthrie GTS Final Feb 22 Oec
      527 words
    • 393 20 Current Ex Baaks Date Tata! far Total far payment data dose payable the yaar last year Awan Fund USlOC(b) Mar 7 Mar 19 Mar 26 US10C A vino 151TE Feb 28 Mar 12 May 15 251TE 251TE BAT 90 9%(n) Apr 6 Apr 19 May 122 7t(n) 72%
      393 words
    • 316 20 Company Rights lssu« MfMB One tor tour to. MJ2 40 per share Ei-date Mar 8 Books dose Mar ?2 Acceptance 4 Payment MY* Bouiteadco Onfrtor three $1 15 per share Exlate lan 19 Books close Feb 1 Acceptance Payment Mar 19 CIC Two tor tive (a. $2 10
      316 words
    • 346 20 Company Rights Issue A Lntwpmn Thre*tor tew MS2 30 per share kpoto Onfrtomnt SI 85 per share a IMhp Issue of 21m loan stocks m the rabo of S3 ban stock tor every tow ordmary shares held FAC8 Onetoronefe MS060 per share Fabw IMi One-tor one fe M$0
      346 words
    • 47 20 Lamknarfcs Berhad: EGM at Ledang I 11. Carcosa Seri Negara, Taman Tasik Perdana, ***** Kuala Lumpur on Monday, Mar 12, at 1100 am. Eu Yan Sanj HokSnp Limited: 17th AGM at 65 Chulia Street #33-00, OCBC Centre, Singapore 0104 on Friday, May 18, at 12.30pm
      47 words
    • 155 20 BT Composite Index ST Industrials Index 1990 high: 1402 22 (6/2/90) 1990 h*t *****0 (20/2/90) 1990 to*. 1307 35 (26/1/90) 1990 1m. 1489 53 (26/1/90) 1989 1# 1322 00 28/12/89) 1919 1#: 1487 76 26/12/19) 1919 Inr 917.42 (4/1/89) 1989 tar 1030 69 (4/1/89) 1988 hifh
      155 words

  • REGIONAL STOCKMARKETS
    • Hongkong, Tokyo stocks ease in light trade
      • Article, Illustration
        1126 21 PRICES of Hongkong blue chips yesterday closed slightly easier and trading was quiet ahead of today's release of the budget for 1990. The Hang Seng Index shed 5.45 points to 2,933.23 and the broader-based Hongkong Index lost 3.43 to 1,925.18. Turnover was HK5902.09 million, little changed from Monday's HK5942.31
        1,126 words
      • Article, Illustration
        716 21 TOKYO share prices were pulled down by arbitrage selling in late afternoon yesterday but closed off their lows in modest trade. A weak yen, low bond prices and approach of March futures and options contract expiry tomorrow helped to subdue trade. "There's just not much energy in the market
        716 words
      • Article, Illustration
        532 21 AUSTRALIA'S share market closed marginally weaker in another lacklustre day with little interest from overseas or local investors, brokers said. The All Ordinaries Index Finished 0.8 points down at 1,580.4. A weaker close on Wall Street on Monday and a slightly firmer Japanese market yesterday gave no new leads
        532 words
      • 237 21 SEOUL stocks declined for the third day in a row though institutional buying at the end of moderate trade kept the index well above the 850 level yesterday. The composite stock index shed 7.64 points to 857.58 after falling nearly 13 points by mid-afternoon. Volume was steady at 259.4
        237 words
      • 191 21 TURNOVER on the Thai stock exchange was 6,385,942 shares yesterday valued at 992.36 million baht. The SEI Index closed at 804.47, down 9.51 points and the Bookclub Index closed at 699.96, down 8.28 points. Bangkok Ruam Pattana 19.75 -0.25 Saha Pathana American Standard Intcrholding 155 -I Ao Kham Thai.
        191 words
      • 369 21 THE TAIWAN stock index jumped sharply higher in the final hour, closing 4 per cent higher as stocks posted heavy gains across the board yesterday. After a strong start, the weighted index hovered around the 11,250-mark until a late buying spree centred on the financial sector sent it rocketing
        369 words
      • 129 21 PHILIPPINE shares firmed up slightly as bargain-hunters bought selected blue chips yesterday, cautiously taking advantage of relative political calm.. "I don't really call it confiddfice," said Joseph Roxas, analyst at R Coyiuto Securities Inc. "The small investors were selling out of political worries. But some new money came in."
        129 words
      • 94 21 NEW ZEALAND shares closed fractionally higher on moderate turnover as a continuation of the trend shown in New York and London on Monday. The Barclays Index estimate closed 0.08 points higher at 1,813.87 and turnover was 8.89 million shares, worth NZS 14.78 million. Brokers said there was renewed
        94 words
      • 65 21 PRICES on the Jakarta stock exchange barely changed yesterday, bringing the index 3.59 points down to 584.32, and turnover fell to 1.84 million shares from 3.84 million on Monday. Indocement was the most actively traded at 335,600 shares, but it fell 300 rupiah to 15,700. The Jardine Fleming Nusantara
        65 words
  • Page 21 Advertisements
    • 85 21 51 w H $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
      85 words

  • WORLD STOCK MARKETS
    • New York stocks close lower on profit-taking
      • Article, Illustration
        805 22 US BLUE CHIPS grudgingly succumbed to profit-taking on Monday, finally ceding ground after five consecutive days of gains. However, traders said the selling was surprisingly restrained in view of the steep sellofT in the bond market. "After being up every day last week, we were ripe for some
        805 words
      • Article, Illustration
        810 22 LONDON shares were higher at the opening yesterday, surprising many dealers who expected the market to continue Monday's nosedive. "Nothing has worsened since yesterday evening so the market is steady," said a dealer. Some support came from currency markets, where sterling has so far avoided further severe falls. "The
        810 words
      • 240 22 DUTCH share prices climbed in early trade yesterday despite the bond market's lower opening. Dealers noticed an increase in turnover. "There is some short covering and foreigners are entering the market," one trader said. The EOE 25 share-index rose 0.87 points to 267.55 at 0950 GMT. sliehtlv below earlier
        240 words
      • 196 22 WEST GERMAN shares ended weaker but above their intraday lows yesterday as the pendulum swung once again to a more negative and uncertain outlook on the market. The DAX index of 30 leading West German shares ended at 1,822.22, oflf 10.94 points or 0.6 per cent from Monday's closing
        196 words
      • 126 22 ITALIAN shares were stable at midmorning in light, featureless trading yesterday, with prices moving in a narrow range. The MIB Index was unchanged at 1030 GMT with 45 per cent of closing prices fixed. "There's very little activity," one trader said. Fiat, which was in the limelight on Monday,
        126 words
      • 164 22 FRENCH share prices closed near the highs set at the opening in light trade yesterday, with most blue chips showing strong gains, dealers said. The CAC-40 index ended 13.95 points above Friday's close at 1874.43 after opening at 1874.74. The CAC General Index, calculated on opening prices, was 8.02
        164 words
      • 241 22 SWISS SHARES yesterday opened narrowly mixed with a lower undertone in quiet trading. The negative trend on Wall Street and in Tokyo dampened sentiment. The lower dollar also depressed prices. The Swiss Market Index of leading shares fell 3.3 points to 1,692.2 while the all-share Swiss Performance Index edged
        241 words
      • 467 22 Brussels Mar 5 Francs FORWARD MARKET Acec 4945 +15 Arbed 4535 +85 Astur 1196 +10 Brascan 744 +12 Canpac 724 -2 Cock 186 -2 De Been 680 +8 Ebes 4250 70 Gb-lnno-Bm 1194 -8 Gevaeit 8390 40 Gr Bru Lamb 3895 -5 Hobok Pet no ***** +75 Ryl Dutch 2650
        467 words
  • Page 22 Advertisements
    • 92 22 m B [€0 m Jfrpirztie In Penang where else but the Shangri-la. SHAWXI U INTmNATIONAI MJAI.A I.I'MPI R (Oil 2W 624* 5J5 7*76 ..a. '-"•-•iTLv~~-< WflHPi LtfHf' v "3Toli M Singapore, Hongkong as region s 1 stockmarkels? 11> j1 Special report: Japan's yen for Singapore 10 The big business of
      92 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1118 23 FOREX MARKET REPORTS THE US DOLLAR ended firmer against the yen after short-covering stemmed an early slide yesterday. Monday's bouts of concerted central bank intervention made players a bit reluctant to attack the upside, especially against the mark. ASIA Tokyo:FOß the eighth consecutive
      1,118 words
    • 400 23 Cross rates 6 Mar USS SS MS Dm Yen SFr AS NZS USS 1.8705 2.7060 1.6925 ***** ***** 1.4930 ***** 1.6964 SS 0.5346 1.4467 ***** 0.7942 0.3246 0.7982 0.7044 0.9069 MS 0.3695 69.12 0.6255 0.5490 0.2244 0.5517 0.4869 ***** Dm 0.5908 1.1052 1.5988 87.77 ***** ***** 0.7784
      400 words
    • 574 23 Interbank rates S$ Bid Offer Overnight 5 1/2 5 3/4 1-month 6 1/8 6 1/4 2-month 6 3/16 6 5/16 3-monmth 6 1/4 6 3/8 Overnight mode: 5-7/8 LS$ Bid Offer 7 days 8 1/4 8 3/8 1 month 8 5/16 8 7/16 2 months 8 5/16 8
      574 words
    • 283 23 AFP SOVIET bankers are very interested in seeing the European Currency Unit (ECU) develop as the currency for transactions with EC members, the president of the ECU Banking Association (EBA) said in Paris. Use of the ECU would mean less risk in terms
      AFP  -  283 words
    • 72 23 FOLLOWING the March I relaunch of Business Times, many readers have called to enquire about the local prime lending rate. The figure we now carry is the average prime lending rate of the 12 major banks in Singapore, instead of that of just the Big Four
      72 words
    • 1508 23 S1MEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Mar 90 91 55 9L54 9L56 1909 9624 897 Jun 90 91 43 91 46 91.41 91 46 ***** ***** 3328 Sep 90 91.32 91 36 91 32 91.35 1591 3721 546 Dec 90 91.15 9116
      1,508 words

  • COMMODITIES
    • 442 24 Reuter STRENGTHENING coffee priccs are dispelling some of the gloom caused by last year's collapse of the export quota system which pushed the market to 14-year lows. But little, if any, progress towards price stabilisation is likely at International Coffee Organisation executive board talks
      Reuter  -  442 words
    • 312 24 Reuter IN A MOVE likely to add fuel to the squabbles among Opcc members over how to divide their share of the world oil market, Libya has doubled its figures on proven oil reserves and said it had upgraded its output capacity by a
      Reuter  -  312 words
    • 817 24 REPORTS kith TIN price on the Kuala Lumpur Tin Market (KLTM) rose 27 cents to close at 17.01 ringgit a kg yesterday on fresh demand after Monday's brief fall, dealers said. "There were fresh shortcovering by European and local players inspired by
      817 words
  • 1427 24 Rubber MS {!■*>■ Mm) S ccnuAi Noon Ckae Int I RSS Prompt 157.00*158 OON 157 50*158 50 Int I RSSApr 90 I59.7VI6025 I60.2V***** Int I RSS May 162 00/162.50 Inl 2 RSS OP 153 50/155 50N I53.7VI55.75N Int 3 RSS OP I48.00/I5000N 148 25/I50.25N Inl 4 RSS OP 144
    1,427 words
  • Page 24 Advertisements
    • 720 24 NOTICES In the Matter of The Companies Act, Cap. 50 and In the Matter of JURONG ENGINEERING WORKS PTE Lit) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the above named Company duly convened and held at 1 Colombo Court #04-15. Singapore 0617 on Saturday, the 3rd day
      720 words
    • 675 24 THE COMPANIES ACT, CHAPTER 50 Section 290(2)(b) NOTICE OF RESOLUTION BOCOTRA CONTRACTORS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Bocotra Contractors Re Ltd held on the 28th day of February 1990, the following special resolutions were duly passed: RESOLVED: I)That the company be wound up
      675 words
    • 16 24 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times. 9
      16 words

  • THE TRAVEL PAGE
    • 984 25 City Fttgkt ETA Flight ETD Abu Dhabi GA895 1235 BA12 2315 MhiMkU Qf7 2025 SQ227 2215 Amman RJ182 1445 RJ183 2320 it a... KL814 1725 GA895 1235 SQ24 2215 KL813 1525 QF15 2215 A thens 0A471 0015 QF15 2215 Auckland SQ388 2025 Bahrain Q™ 2230 Raliknaoan
      984 words
    • 580 25  -  LETTER FROM RIO DE JANEIRO By Roger Atwood IF YOU'RE planning to visit Rio de Janeiro and see its famed Christ the Redeemer statue that dominates the skyline high above the city, you might be disappointed. The figure of Christ with outstretched arms will
      580 words
    • 156 25 Rates as at 3pm yesterday: Local dollars to one unit of foreign currency C umcfKics Bid Offer Australian dollar 1.41 SO 1.4350 Canadian dollar 1.5590 1.5790 NZ dollar 1.0790 1.1390 Sterling pound 3.0670 3.0870 US dollar 1.8670 1.8770 l-ocml dollars to 100 units of foreign currency Austrian
      156 words
    • 125 25 Duration Title Venue Organiser Td Duration Title Venue Organiser Mar 5-9 International Brno. Foires Et (42)5/*****11 Mar 10-23 Cairo Cairo Ministry of (20)2/*****10 Welding Czecho- Expositions International Economy Engineering Slovakia de Brno Fair Foreign Trade Exhibition Mar 21-28 Hanover Fair Hanover Deutsche (49)511/89-0 Mar 11-15 Agriculture. Riyadh
      125 words
  • Page 25 Advertisements
    • 50 25 Mk The butincu penon'i choice every Tueiday, m\ Thunday. Saturday and Sunday. Leaving hangi Ll Airport at 21:55 houn and arriving at II J t different citiei in the USA the following djjr. CaU your travel a%ent or Atr Canada at 7}2 BM. A Breath Of Fresh Air Air Canada
      50 words
    • 819 25 PRIMA LIMITED 1 I (FLOUR MILLS) I (Incorporated m the Republic of Singapore) I The Directors of Prima pleased to make the following announcement I AUDITED RESULTS FOR THE YEA* ENDED 31 ST DECEMBER 1989 I The Company The Group Increaae/Decreaae I 31.12J9 31.12 J® 31.12.89 31.12.88 Company Group I
      819 words
  • Page 25 Miscellaneous
    • 218 25 19 Marks of commendation and ~~Hi fIHT for us pantheon (3) ~lHr"ll^ Campantan city (6) 26 j j 26 Heather with some hesitation has to stay on (6) |BBL____JBll_^_|BB in batches (6) 29 Antechoir reserved for a retiring monk (9) friendly environment (9) YESTERDAY'S SOLUTION 14 Fining agent for telling
      218 words
    • 234 25 Singapore OUTLOOK: Fair and warm except for showers over a few areas in the afternoon. Kcport for 24 hours prior to 7.30pm on Mar 6 at the airport: Max temp 34.7 Assoc humidity <3 Mil temp 23-8 Assoc humidity Mrs of sunshine... 8.50 Rainfall in mm Nil Rainfall this mth
      234 words
    • 17 25 killkig.M/BWBWWB \<si€- SP£.NT TM£ bJHOLG. iwrit'S IT moBNiNG G>eXTiHG, m VSetF onawweft tttMWQ ITAHOAHPCGITD. 1H; -Htl frvih
      17 words

  • 417 26 Reuter CHINA'S austerity drive has begun to backfire on government plans to raise funds, draining badly needed cash from bond sales, diplomats said yesterday. The 19-month-old credit squeeze has hit many industries so hard that they can no longer afford to buy bonds
    Reuter  -  417 words
  • 235 26 AFP TAIWAN approved a record US$l4O million worth of overseas investment projects by local businessmen in the first two months of this year, the Investment Commission said yesterday. The investment value of the 48 approved projects represents a whopping 666 per cent growth over
    AFP  -  235 words
  • 129 26 Reuter HOPEWELL Holdings Ltd has proposed investing US$2.9 billion in a project to modernise and operate Bangkok's inner-city rail system, a senior communications ministry official said. Sribhumi Suknetr, permanent secretary for communications, said Hopewell wants a 30 year concession to operate the
    Reuter  -  129 words
  • 222 26 Reuter CONSERVATIVE Kuwait, banking on huge oil reserves and an extensive marketing network in Western Europe, is exploring opportunities for investment in Eastern Europe's fledgling free economics. Officials in Nicosia said yesterday that Kuwait's Oil Minister Sheikh Ali Khalifa al-Sabah would fly to Hungary
    Reuter  -  222 words
  • 226 26 DAMN QUOTA, and they mean that set by Jaguar for its XJ220 sports car, not that which goes into effect in Singapore on May 1. According to the Sunday Times of London, Jaguar has frustrated many a rich motorist by promising
    226 words
  • 232 26 Reuter THAI Finance Minister Pramual Sabhavasu ordered an abrupt transfer of Bank of Thailand governor Kamchorn Sathirakul following their disagreement on the government policy on domestic interest rates and other monetary issues. A government spokesman said the Thai Cabinet chaired by Prime Minister Chatichai
    Reuter  -  232 words
  • 279 26  -  By Shoeb Kagda SINGAPORE'S ambassador to the United States. Mr Tommy Koh. has been elected to chair the committee organising one of the most important United Nations efforts of the decade the 1992 Conference on Environment and Development. Mr Koh's election in
    279 words
  • 312 26  -  By Kenneth James SENIOR ASEAN officials met here yesterday afternoon to firm up a common position on issues likely to be discussed at today's meeting of officials from the 12nation Asia-Pacific Economic Cooperation (Apec) forum. A common Asean stand was also a feature of closed-door
    312 words
  • Page 26 Advertisements
    • 13 26 X I PINE PUTTERS ~fo€ thos* who want to play (h«lr b« »t."
      13 words
    • 214 26 PING EYE 2 M.MM Color-Coded Irons OCXO POM OMMQI MfO mJ€M «LUf 0«tt» »H Lancia Thema. The power to be ahead. It comes os no surprise The Loncio Thema 16V ts the top chotce of men at the top Men who matter Men who make the decisive moves Men who
      214 words

  • SHIPPING TIMES
    • PORT SIDES
      • 113 27 Reuter BRITISH PETROLEUM CO said its ships are to be insured on the world market after 30 years of being insured entirely by BP'S own insurance company, Tanker Insurance Co Ltd (TIC). Brokers Heath Martens Horner Ltd will handle the placing, with
        Reuter  -  113 words
      • 74 27 TWO PAPER PLANTS with a total production capacity of around 200,000 tons a year will be built in Pangkalan Bun and Sampit in Central Kalimantan. These will be built by a large Jakarta company and a joint venture between Indonesian and South Korean
        74 words
      • 100 27 AFP VANCOUVER AUTHORITIES are refusing to allow the nuclear-powered Soviet cargo ship Sevmorput to dock at their port, citing security risks, port officials said on Monday. The grain carrier had requested permission to dock in mid-March. But Vancouver lacks emergency plans to deal with
        AFP  -  100 words
      • 119 27 AFP THE DANISH Foreign Ministry has asked the parliamentary finance commission to authorise a total of 222.7 million kroner (U5537.16 million) in aid to four African countries and Bangladesh. Uganda would receive 84 million kroner to pay for 120,000 tonnes of Tanzanian
        AFP  -  119 words
      • 64 27 Reuter The Canadian Wheat Board has concluded on-going wheat business with China, with the latest sale on Feb 28 No amounts or price details of the sale were announced. The CWB said the sale of Canadian wheat brought annual totals well within normal trading
        Reuter  -  64 words
    • 158 27 Reuter THE FIVE MARKETS of the Baltic Futures Exchange (BFE) were brought together on one floor on Monday with business getting off to a fairly slow start amid some technical problems. "A certain amount of chaos and confusion reigned in getting
      Reuter  -  158 words
    • 252 27 AMERICAN President Companies has reported drastically lower earnings for 1989 at US$ll.3 million compared with US$Bl.3 million the year before. It made a loss of US$B 3 million in the fourth quarter compared with earnings of US$l5.5 million in the same quarter. 1988 Fourth quarter
      252 words
    • 1186 27 Pogg Column AtC Co*tO*Ort*P Tk.r»00« 5 Accofd S*pg T 3-5 A bot'o* Soo A' So»o« 5 AHr«d C 5 At"1>k+l l*«r F.floo* 5 APC l«« S«*t* s API F.»® 3 5 AfS Fov»oo* 1 Ar «HKO 1*0 F.»t®o* 4 5 AffOw l*Oft N.A® S a so F.ligo*
      1,186 words
    • 370 27  -  By OTHMAN ABU BAKAR EXPORTERS and importers can reduce their cargo losses by as much as 50 per cent by carefully checking on the background of their shipping agencies, says the Port Klang authority commercial manager, Kwek Chee Wah. This is necessary as some
      370 words
    • 382 27  -  By JEAN FOONG CEYLON SHIPPING LINES (CSL) and Benga X-Press Container Line (BXCL) will jointly launch services to Colombo-Upper Bay of Bengal ports and Colombo-Ma-dras from March 18. The combined services aim to "rationalise the trade's tonnage which has too many
      382 words
    • 175 27 JAPANESE SHIPBUILDER Ishikawajima Harima Heavy Industries (IHI) has reopened its shipyard in Aichi to cope with an influx of new orders received during the last few months. Originally known as the Chita shipyard, Aichi was built during the early 70s with the intention of constructing VLCCs.
      175 words
    • 59 27 AFP BANGLADESH authorities have detained a local ship in Chittagong port after customs officials seized heroin and other drugs worth 30 million taka (about US$9 million). Press reports yesterday said port police were guarding the MV Sumudra Raj, owned by a private Bangladeshi shipping company, following the customs
      AFP  -  59 words
    • 1670 28 Shipyards are enjoying boom times as shipowners look towards refit and life extension operations as alternatives to ordering expensive newbuildings. In fact, yards are so chock-full of jobs that "block booking", unheard of for many years, is making a comeback among owners
      Lloyd's List International  -  1,670 words
    • Ships in Port
      • 286 28 Port Kelang M Soulh Port Tenhyaku berth 1; Jenwin berth 4; Likas Venture berth 5; Pernas Safari berth 7A; Petro Mewah berth J. Shell KCT: Bunga Melor berth 8; Saudi Riyadh berth 9; Kota Machan berth 10 North Port Yi Yang berth 11; Taolin berth 12; Pan Riser berth
        286 words
      • 1959 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Tranatalner Schedules Blk Op Gdn Date/Time Time From Time To Booking Gate AlShomwh 70A *****0 0700 07/1930 07/2029 Portnet 2 N5 00 F05 00/0230 06/0259 NA 2 Anro Melbour ***** 06 0390 0700 07/1430 07/1529 Port** I C3
        1,959 words
    • 1066 29 GRAIN freight rates for vessels loading out of the US held steady on Monday and helped to produce a four points rise in the Baltic Freight Index to 1,610. Brokers said there were vague rumours that U5527.25 had been fixed from the US Qulf to Japan compared with
      1,066 words
    • 11718 34 AABMUB llvarpool Bay. Trtot. March 7(PK). Kaauga I. Trtot. March S. Evar Ouaat. Evargraan, March S. Arthur Maarm* Maarak llna. March 8. Norasia Prlncaaa. Norasia/Saaland March 10 Ming Enargy. Yang Ming Llna. March to. Villa da Vanua. CM 0 Aftralamanl. March 11.
      11,718 words
    • 2956 41 Who acts for whom A B Accord MM Accord Shpg Pl* Ltd (SVAccord Contr Lino (M) Sdn Bhd (PK)/Accord Contr Lino (PQ) Sdn Bhd (PN) ABC C»nlilii II ni l I NV KYC Lino (SVRenown Shpg (PK/PN) AhrankMl UMt Kim Snpg 4 Trdg (3) In Air Servtoe FreM Shpg PM
      2,956 words
    • 266 42 Seatrade Week THE LENIN SHIPYARD in Gdansk has finally abandoned negotiations with Ms Barbara Piasecka-Johnosn, the American businesswoman who wanted to invest US$lOO million in the yard to save it from closure. Her interest has been described by sources at the yard as
      Seatrade Week  -  266 words
    • 531 42 Reuter TANKER OWNERS face a complex market in the 1990s due to the ageing structure of the world fleet and demand for increased protection of the environment. "Quality improvement on maintenance and operation dictates that efforts within the industry
      Reuter  -  531 words
    • 251 42 Reuter DAMAGE CAUSED when the tanker Chevron North America hit ft loading jetty at Britain's main North Sea oil terminal last Thursday is not expected to affect liftings of Brent and Ninian crude oil blends, according to terminal operator
      Reuter  -  251 words
    • 240 42 Reuter EXXON CORP says it is uncertain it will resume full operations at its Bayway refinery in Linden, New Jersey, prior to a scheduled two-month maintenance programme to begin on March 22. The refinery has the capacity to produce 150,000 Parrels
      Reuter  -  240 words
    • 778 42 AFP THERE was little in the way of confirmed fixings in the freights market over the past week, but firmer rates paid to grain carriers on the key US Qulf to Japan route encouraged sentiment, brokers said. The Baltic International Freight Futures Exchange (Biffex)'s Baltic Freight Index (BFI)
      AFP  -  778 words
  • Page 27 Advertisements
    • 34 27 How to look after popular make and model. Am Habit w**kiy at major STP Distributors bookshops and ntws-stands For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821/253-1198, Tlx: ***** BTAD
      34 words
    • 19 27 Lines and services represented by Members of the Registry of Accredited BSB* Shipping Agents, Singapore National ffffj Shipping Association.
      19 words
    • 433 27 I BALTIC I MADRAS/CALCUTTA SHUTTLE NEXT SAILING Vessel/Vov SIN MAA CCU ILOVIK 102 N 11/3 18/3 T. RIVER 86 11/3 17/3 CALL: *****71 (S«« Page 13 Column 4). INSIDE Shipowners look to repair SHIPYARDS are enjoying boom times as shipowners look towards refit and life extension operations as alternatives to
      433 words

  • Page 28 Advertisements
    • 78 28 Contact telephone numbers (Tanjong Pagar Terminal) Section 1 Section 2 Section 3 Berth telephone Berth telephone Berth telephone CI —*****20/*****92 C 4 *****24 C 8 CIN *****20 C5-32M143/3211U5 ric *****92 *****43 CIO *****70 C 2 *****51/*****53 CSS *****45 CI2 *****54/*****42 C2N *****53 C 6 *****39/*****41 CI2N *****42 OS-Mlllsl C6N- *****39
      78 words

  • Page 29 Advertisements
    • 2111 29 jardine shipping agencies %%llf# 200 Cantonment Road #12 05 Souttipomt. Smppore 0208 All If/ Tei *****11 TELEX NO RS ***** ■FdVTSVB URMINAL,CFS Tel *****18 220 P CAVifl BOOKINGS Tel *****34 23S L VAy J PESAKA JARDINE SHIPPING AGENCIES SON. BHD PORT KELAN6 TEL *****18 TELEX NO MA3J477/MA***** SSJIS PENANG TEL
      2,111 words
    • 2232 29 VMM Voy ETA I 6 TO 'Port "Penang DESTINATIONS Singapore Kelang Thu *eek laxa M 9004 Feeder by CV IVMO 0400 mw M Fans t era 12nm I*oo MRS M Tauro OAK LGB HOU MEM ATL MIA CHS BAL PML NYC MOW TOR LEXA M 9004 13/3 14/3 8/3 10/3
      2,232 words

  • Page 30 Advertisements
    • 1142 30 Page Few f~ ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN AMTWERP LE HAVRE KASUGA 08/527 8/3 2/4 27/3 29/3 26/3 LIVERPOOL BAY 97/528 9/3 11/3 29/3 31/3 2/4 3/4 5/4 BONN EXPRESS 06/531 14/3 16/3 3/4 6/4 8/4 9/4 CARDIGAN BAY 94/530 15/3 10/4 3/4 6/4 2/4
      1,142 words
    • 645 30 SOUTH PACIFIC SERVICE 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 A<Mftts: fzfzfeWJXTl SINGAPORE: *****00 r>»vi BOOKINGS: *****06 NORTHBOUND TO UKC I S POKE I ROM/A DAM HBG HULL (U.K.) IVYBANK V 26N 190
      645 words
    • 1481 30 QmBAS im REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOV SIN CLM PRS ALG BCL FEL HAM BRE ROT ANT LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA PRINCESS 9001 3 11/03 15/03 27/03 31/03 04/02 05/04 07/04 08/04 09/04 10-04 11/04 NORTH SEA 002W 16/03 20/03 02/04 07/04
      1,481 words

  • Page 31 Advertisements
    • 1584 31 SjgSteamers Maritime Holdings Ltd P&O fli Nf STRAITS SHIPPING ■ML »V nmpiri ta Brawl East Malaysia, Containers Mjb S por. PKlanf S ton M Our, 6 Haven R dim Left ACCEPTS DUE SAILS KASUGA 1 OW3 02.W Z7/W 2MB 2MB 0L« CARGO u wwt AT J- 22 22 KRIS MELELA
      1,584 words
    • 1670 31 TO: EUROPE TO: FAR EAST SP IN ROM HAM BRE FIX SPORE HK KAO BU HAN JIN lEHAVRE 006W I<V3 21/3 210 300 WW HANJIN OAKLAND 12/3 W K/3 22/3 HANJIN MASAN OS3W 17/3 4/4 5,4 W 1/4 W CHOYANC SUCCESS «7E Mg CHOYANC PARK 007W 24/3 11/4 12/4 13/4
      1,670 words
    • 26 31 REGULAR SERVICE TO KARACHI S POKE LOADING FOR TBN 22/3 KARACHI Aganta SHWUSAWA MtflMM N.T.Y. TRANSPORTATION CO. (PTE) LTD. T«t a—i tic n >mi f»i am*
      26 words
    • 332 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL SEKI CEDAR ASIAN KOCHI TREE STAR VOY. NO 78 5 111 Sport Ity3 163 14/3 P. Kelang 11/3 210 Petiang Hong Kong Yokohama 2/4 6/4 9/4 Nagoya 30/3 4/4 7/4 Osaka 5/4 Senboku 2/4 Kashima Funabashi 'For Discharging Only NOTE:
      332 words

  • Page 32 Advertisements
    • 615 32 W MppMHHapHHHBfHBHpapBHH (Olftlffiiiliiijl'iiJHM IRANIAN SERVICE Singapore Loading for:IRAN TEYFOURI 15/3 Banda Abbas IRAN SO KAN 26/3 Banda Abbas I Wit 111iWM (National Line Of Maxica) U.S. WEST CO AST/MEXICO/CENTRAL AMERICA CONTAINER SERVICE HKG LB ENSENAOA I CARDS MAS S CRUZ MANZANILLO MORLLOS VO9 J7/2 220 M/ 3 W3 *W U4
      615 words
    • 841 32 (3) HANJIN SHIPPING I FULL CONTAINER SERVICE Is port I Lcrtjvrt Rdam H'hurf lh»« Fitmra FHDU YSI SIN UNt HAUL LAX OAR m 21/3 W WJ 1/4 2/4 WmOMMW |W H TOMt' W W 17/3 4/4 5/4 gj 9/4 H RUSJA OWE SJ h 24/3 I 11/4 12/4 13/4 IV4
      841 words
    • 1546 32 I. HKG K$C KLC PUS HKT OS TYO BU LHV ANW ROM FLX HOC SCP I even GLOBE 5/3 In Pt 14/3 12/3 16/3 17/3 21/3 23/3 M !W )W 1/5 2/5 3/5 5/5 2*5 EVE* CUARO 16/3 20(3 22/3 21/3 24/3 21/3 3Qf3 2/4 27/4 1/5 10(5 llfl 11/
      1,546 words

  • Page 33 Advertisements
    • 1229 33 riirriiiu 1 iltiiai, nruncau»j iwmv« SagPff PACIFIC INTERNATIONAL LINES (PTE) LTD 111 PIL Building. 140 Cecil Street #03-00, Singaporeolo6. I JAKARTA ~~1 I BANGKOK Z] V L S *J* iJJJ "J® PEGASUS PROGRESS «MN UWI U/3 "73 3 17/3 OTA JAD€ 20,1 11/3 14/3 ~/J S iff® J°' 3 ,3
      1,229 words
    • 713 33 EXPRESS CONTAINER SERVICE TO UK/CONTINENT V PK ST Oft HAM 6 HAVEN ROAM HA¥*£ (..••rpo* B«r M 1«1 m 1%3 31/3 1/4 3/4 Kougi 1 W 2/4 27/4 2*3 JfcJ W Bonn Uprtu 14,1 IVI W M 7/4 4 4 1/4 C«r*pn It) W *4 W V 4 2/4 M
      713 words
    • 514 33 DJASAQETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD F T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE VSL/VOV S PORE R DAM/ MBURC BREMEN ANTWERP ADAM L. J BONTANU2OWB 1514/3 11/4 □/< 14/4 23/4 KUTAI ISWB 2710 J 2U 29/4 1/5 4/5
      514 words
    • 502 33 MYANMA FIVE STAR UNE (Burmese National Line) Loading for Yangon (Rangoon) S pore P.Kelang Penang Bangkok MYOMACWA V/ 124 S/ll MAR i HPA-AN/VI47W 12 14 MAR HTONEVWA V2S3W IN PT/9 MAR PAGAN V/IS3W 12/15 MAR MERGUI V*W 20/27 MAR PATHIIN VfIOOW 24/31 MAR THE BANK UNE (A aervice of Andrew
      502 words

  • Page 34 Advertisements
    • 332 34 7 WEEKLY STRAITS/MADRAS CONTAINER SERVICE I DAILY LCL RECEIVING AT OWN CFS 1 PENANG VESSEL P.KELANG SPORE PK MADRAS 1 (FEEDER) /uArnnuc MELITA 9005 7/3 8/3 9/3 15/3 MALOUNC 9/3 LEUVE 9120 13/3 23/3 16/3 MELITA V 9006 21/3 22/3 23/3 29/3 BOOKING: MACOLINE S'PORE *****11 PK (03) *****77 PEN
      332 words
    • 402 34 JkHYUNDAI MERCHANT MARINE CO- LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HUG LB* OAK SEA FROM PSW LBH OAK SEA HKC SIM LALANOIA 301 OMB IMS 02*4 05*4 01*4 HYUNDAI COMMANDER 14W 05*2 01*2 11/82 81*3 OMB HYUNDAI CHALLENGER BE IMB 22/83 09 04 12/04 IS/04 HYUNDAI
      402 words
    • 99 34 DIRECT SERVICE To: Sydney/Melbourne (Also accepting cargoes to Brisbane) VESSEL: M.V. SKYBIRD ACCEPTING: Containers including reefers, breakbulk and heavylift ETA SPORE: 15th March AGENT: DODWELL SHIPPING PTE LTD TEL: ***** M Tlx R*****0 DODWIL Fax 2225*44 Cfl NO: **********0R CONTACT TAY CHEE WEE/SHALOT/HENNER CCNI# Compart ia Chileiu de Navfgacion lnierocranica
      99 words

  • Page 35 Advertisements
    • 852 35 WjjCTEL——■ Inter Con s== MAKiriMK 111 I.TII FCL/LCL TO: FAR EAST JAPAN EUROPE FIJI ISLAND KAOHSIUNG —11/3 TOKYO —15/3 LE HAVRE —12/3 LAUTOKA —16/3 KEELUNG —11/3 YOKOHAMA —15/3 ROTTERDAM —12/3 SUVA —16/3 MANILA —16/3 KOBE —15/3 UK PORTS —12/3 BANGKOK —18/3 AUSTRALIA HAMBURG —12/3 BUSAN —15/3 L ir GOTHENBURG—I2/3 HONGKONG
      852 words
    • 688 35 Nedlloyd WE GIVE YOU THE WORLD j Nedlloyd Lines mPw -> iwewzEAuwoffui export/ IMPORT 1 I VESSEL Jkt PKf 'Pen *Bkk Sin S baya Auckland Fij<A) «.Ptymoiith<A) Tmmtu Lyttelton(B) Dvinedm<B) Napier Wellinjton(C) [auran«a N Rosarw/9004 14/3 17/3 14/3 14/3 16/3 21/3 3/4 1(W VJ W M V* W IWJ N
      688 words

  • Page 36 Advertisements
    • 1184 36 N. AMERICA-ATLANTIC COAST VQY |NOO 'PK/PNG SGP L 8 CHLS NFK NYC HFX OOCL FORTUNE 19 5/3 6/3 8/3 31/3 10/4 12/4 14/4 IS/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 26/4 28/4 2/5 OOCL FAIR 19 26/3
      1,184 words
    • 1611 36 ETD SIN OOAV) I 1 MtDAY) BOOjjjjGCONTAa CHR ST NE/ f 09/03/90 PORT KELANG PENANG BANGKOK VICTOR alk TWICE/WKLY r— 3 DAYS) ♦(2 DAYS) (1 DAV) 10 03 90 wnNr nMr KAOHSIUNG KEELUNC JOYCE/JUDY MA TWICE/WKLY FTD cim (6 DAYS) DAY) (4 OAYS) BOOKING. CONTACT 09/03/90 BUSAN MANILA NAGOYA SERENE/SITI
      1,611 words

  • Page 37 Advertisements
    • 1303 37 >lllr r Initi TIMVA, Wfuiif>u»y NEPTUNE AGENCIES PTE LTD SINGAPORE (CR No: **********0 E) Bookings: UK/EUROPE *****19, AUST/INOIA/PAK *****18 USA *****16, FAR EAST *****48 Documentation: *****44/*****14 Terminal: *****22 CFS: M 2 IMPORT: *****69/22^450 gg EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA cicom eteoaj K.L. *****33, P.Kelang *****87, Penang *****0, J.Bahru *****3,
      1,303 words
    • 1147 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office. Cable Address SINSOV SINGAPORE Tele* Numbers RS *****JJS ***** RS ***** HOn MAI THOMC SHIPPING 127 fWjSlrwt. fW«t UtUfVi lVhltoll'cS** 1 Pwt mL*"S*"** maßL7BtasSutfS m BASatrUSSSr 5 i (REGULAR INDEPENDENT_SERyiCE]__
      1,147 words

  • Page 38 Advertisements
    • 581 38 IIHFSM^ DSR LINES VEB DEUTRACHT/SEEREEDEREI ROSTOCK INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND SIN ICA ANT ROM HBG RST 0 GftOTEWOHI 2/90 MB 22/03 31/03 31/03 02/04 05/04 AftNSTADT 1/90 17/®" 09/04 09/04 11/04 13/04 H CECIELSKI 7W 23/03 06/04 15/04 15/04 17/04
      581 words
    • 1143 38 UK.C CONVENTIONAL SERVICE Vmml P KLG PNG PC loading for PING AN CHENC 25/2 Rottardam/Antworp HANCHUAN 2/3 Rottardam/Antwarp CHINA rwx CONTAWa MBVICI Valval PKLG PNG SPORE BKK HKG S HAI Q'OAO YANG FANG KOU V *****/2 25/2 3/3 1/3 14/3 WEI HE 41 m 22/2 2t/2 5/3 9/3 Accepting FCL
      1,143 words
    • 242 38 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMARANG/ PANJANG/CIGADING/BENGKULU VSL ETA ETD LOADING FOR OELI INDAH 10.3.90 11 390 PANJANG/PK BALAM NAGA JAYA In Port 10.3.90 PANJANG LAMPUNG JAYA 153.90 163.90 SEMARANG/PANJANG PINANG JAYA In Port 8.390 PANJANG/PK BALAM PERITA JAYA 10 390 11 3.90 PANJANG/JAKARTA ABADI JAYA
      242 words
    • 549 38 POSEIDON CONTAINER TRANSPORT GMBH HAMBURG TRANS-SIBERIAN CONTAINER SERVICE SOTRA GENERAL AGENTS ACCEPTING ALL FCL LCL CONVENTIONAL CARGOES I AFGHANISTAN I: Hairaton, Tourghundi, Kabul, Herat, Mazar-I-Sharif, Mashad, Kushka IRAN I: Djulfa, Astara VIA ILYICHEVSK ETD SINGAPORE 16/03, 22/03, 29/03, 4/4 I EUROPE I :To all inland points: VIA VOSTOCHNY Poland, Bulgaria,
      549 words
    • 512 38 ASEAN PORTS Hock Agenc< Co Ltd BKK (Tel. *****80) vera jvor mmcapore 1 iauckok 1 PIT* BHUM 215N In Pt 7/3 I s l W 1 JENLINK 145N Fri »/3 Mon Ufl PDA BHUM (ft* Moo 12/3 Thur 15/3 SIR I BHUM 43W Ty 13/3 Fri l*/3 PIVA BHUM 21tN
      512 words

  • Page 39 Advertisements
    • 1116 39 I VESSEL VOY SINGAPORE KHF/DUBAt JEDOAHI I LANKA SRIMANI 75W 8/3 13/3 20/3 LANKA RUWAN 4W 26/3 LANKA SRIMATHI 74W 11/4 13/3 20/3 I ALSO ACCEPTING CARGO (FCL/LCL) FOR: I ■A) INDIAN PORTS I I MADRAS; TUTICORIN; COCHIN; MANGALORE; BOMBAY ■B) ARABIAN GULF PORTS I SHARJAH; DUBAI; BAHRAIN; DAMMAM; KUWAIT;
      1,116 words
    • 214 39 ACCEPTING FCL AND CONVENTIONAL VESSEL TvO* ETA kOAOtNQ FOB SPORE AMNNET 7555 I*o4 OARESSALAAM MOMBASA OJWOUTI ASSAB. MASSAWA. MOOEOAM ABBAY WOW MWB "ivo6 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA HOOEIOAH Q KIEN HUNG LINE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH FCL/LCL CARGO Vessel Voy Spore
      214 words
    • 590 39 MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OfTfIORE. INDONESIA, MALAYSIA 4 THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG. PNG AND. BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE IMOOMEBIA SERVICE VSL VOY SIN )KT PAJ SIN PUL
      590 words
    • 703 39 inn BAY OF BENGAL SERVICES MADRAS CALCUTTA KSSEU WT SIM MAA CCD lIT MO J l 10W IN PT 20/3 TIGER RIVER 06CNB 11/3 17/3 VEGA 10A 12/3 20/3 lIOVIK 102N 11/3 11/3 P STAROSTIN 04$ HO 13/3 20/3 LEUVE 9120 13/3 21/3 EAGLE CIOCIO V2J 15/3 2V3 OCEAN STRENGTH
      703 words
    • 386 39 TO AUSTRALIA/NEW ZEALAND V 5 liitipiri U»c*i««* [On** i muok. m iw an na w Ji* m MM MS Tw ZM 2M W M Ufi C. VtROUK Ml 2M 3rt 55 Urt Urt Ofi antoupcd M? Mfi Hft as p/i i* w IS DATS TO MELBOURNE! TO USA/CANADA m Snppsn
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  • Page 40 Advertisements
    • 731 40 COMPANIA PERUANA 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 JOHNEVERETT U/13 Mar 14/16 Mar MURRAYEVERETT 25/27 MAR* 28/30 Apf KAMALEVERETT W/21 A P f "EVERETT ORIENT LINE" VUSA
      731 words
    • 628 40 ft We*t CoAtt. (UfTibtwin.Eiit Cirwdi. HAITI. Guatemala and Hondurtt VSL {S PORE [MAINLINER [LAX [KST [SAV [WVC |HfX ZIM SINGAPORE 10/3 ZIM HAIFA 3/4 U/4 15/4 llg W A VESSEL 16/3 ZIM MONTREAL 11/4 28/4 23/4 2S/4 27/4 ZIM OSAKA 22/3 ZIM SAVANNAH 19/4 21/4 1/5 3/5 5/5 A VESSEL
      628 words
    • 753 40 SING KWANG HANGI MPTM TRANSPORT A TtO#4 (FTC) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENWEL 14/3 17/3 JENHOL I 11/3 1— I 14/3 1 VESSEL S PORE BANGKOK A VESSEL 10/3 27/2 A VESSEL 17/3 g/2 DESTINATIONS ETA SINGAPORE PORT KELANG 9 MAR MANILA 10 MAR HONG
      753 words
    • 507 40 PERINTIS LINE 111 WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE JAKARTA ETA ETD ETA ETD PRASETIA 73A In Pt 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 PELOPOR 933 17/3 18/3 20/3 23/3 SURABAYA
      507 words
    • 394 40 SIN FM EAST 11/3 KEELUNG/KAOHSIUNG 10/3 BANGKOK 9/3 MANILA 10/3 JAKARTA 9/3 PORT KELANG/PENANG 14/3 BUSAN 14/3 TOKYO/YOKO/KOBE 12/3 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen'Xingang; Shanghai SIM EUROPE/UK 10/3 LDN/FLX/LVP/SOU 10/3 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. S|N USA/CANADA 15/3 L.A./NYC/SFO 15/3 VANCOUVER/TORONTO/MONTREAL m AUSTRALIA/NEW ZEALAND
      394 words

  • Page 41 Advertisements
    • 27 41 SINGAPORE SURABAYA/JAKARTA CONTAINER SERVICE t/ESSEUVOY SPORE SURABAYA JAKARTA PERMAI I 0030-030 8/3 11/3 13/3 PERM AI I 0031-031 15/3 18/3 20/3 PERMAI I 0032-032 23/3 26/3 28/3
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    • 193 41 CROWN it? PACIFIC FREIGHT PTE LTD LCL CONSOLIDATION SERVICE iliA etd sin SEATTLE 16/3 PORTLAND 16/3 SAN FRANCISCO 16/3 LOS ANGELES 16/3 SAN DIEGO -j 6/3 OTHER 16/3 EUROPE/UK ROTTERDAM 17/3 HAMBURG 17/3 BREMEN 17/3 LE HAVRE 17/3 ANTWERP 17/3 FELIXSTOWE 17/3 OTHER 17/3 .p h v EAST PACIFIC MARINE
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    • 451 41 VSL DESTINATION ETA SIN SIRI BHUM 4»N BANGKOK 4/3 ARNSTAOT 20N BANGKOK i-3 JENLINK USN BANGKOK 7 3 PIYA BHUM 21SN BANGKOK 70 SO ASIA UR CEBU. MANILA W AKA BHUM IBS CEBU. MANILA 9/3 INFINITY 507 CHITTAGONG. MONGLA 9/3 VEGA 11A KARACHI. BOMBAY 12/3 JENWEL 157N JAKARTA 70 FSL
      451 words
    • 777 41 of) p E KL: allied-LINK SINGAPORE: jqglr 04-*****2 *****8055 778 6522(22 lines) TOt V NtorN- On® 9mm Ng/CtwiaMna CMn Alice VnMw Ym transintra shipping (Singapore) private limited U Cargo bookings Tel: *****88 (5 LINES) A I IDAGOHOY 9-11 MAR BISLIG, MANILA I i I L I TBN MID MAR Hongkong,
      777 words

  • Page 42 Advertisements
    • 1043 42 EXPORT TO: UK/CONTINENT (TRIO) IS'pjr. PK.M, ISJon H£n 0 to( <M* BMAM* a*"* if iini i3r *~'—mm kawwur* n/3 im w« iw V 'V< MEDITERRANEAN (MED CLUB)* JEDDAH yd j£o S<n»port PiraMS B'utona VlriUat Gwm Triwtt .uropoo. ray 90 190 UJ|l3iUB SB"" IT'S IS .S MINI RHINE MARU V 3
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  • Page 42 Miscellaneous
    • 152 42 woti nee ***** L 1 Regional Weather SIGNIFICANT WEATHER AND SEA CONDITIONS AT 0730 HOURS ON MARCH 7. LEGEND R Thunderstorm Temperature c X\ A y, ower Weather —S Wind direction with speed m knots Rom e Cloudy Sky W ve Surface winds ore indicated by arrows which fly with
      152 words