The Business Times, 27 April 1990

Microfilm: NL16972
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Friday April 27 1990 75*
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  • NEWS SUMMARY
    • Article
      US-Japan trade friction not over yet: envoy
      70 1 AMBASSADOR to Japan Michael Armacost has warned that the recent flurry of diplomatic activity on trade disputes between the two countries would not produce immediate results in all areas. "We know there's a great deal of work to be done," he told reporters,
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    • Article
      Less money for Stealth
      38 1 US DEFENCE Secretary Dick Cheney yesterday proposed cuts of US$l4.4 billion in the embattled B-2 Stealth bomber programme as part of a package of warplane reductions aimed at taking advantage of warming East-West relations.
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    • Article
      Information, please
      31 1 CHINA wants more information about the airport and port projects straddling the 1997 changeover, according to the Hongkong director of the New China News Agency, Zhou Nan Page 7
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    • Article
      Thawing the Cold War
      37 1 WASHINGTON and Moscow have cleared all major obstacles on a trade deal to bury the Cold War that has chilled commercial relations since 1951, a senior US negotiator said on Wednesday. Page 8
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    • Article
      Market for brokers
      31 1 THE EUROPEAN Community's Executive Commission has approved a key proposal aimed at enabling securities houses to operate anywhere in the great EC single market of 1993 Page 9
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    • Article
      'God Save the Anthem'
      33 1 A CHURCH proposal to scrap the pugnacious second verse of "God Save the Queen" and replace it with rhymes about brotherly love has drawn some surly responses Page 15
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    • Article
      Steamers' goal
      24 1 STEAMERS Maritime has mapped out its goal to be a leading total transportation company covering land, sea, air Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow Jones lower
      46 1 WALL STREET blue chips remained under pressure in late morning trading yesterday as yields on the 30-year Treasury bond crept above the psychologically significant 9 per cent level. The Dow fell about six to 2660. Decliners led gainers by about three to two.
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    • Article
      Footsie up
      44 1 LONDON share prices were slightly higher at midday yesterday, boosted by a steady pound and scattered institutional buying. At about 1115 GMT, the FTSE 100-share index was up 1.2 points, or 0.06 per cent, at 2,144.3, near its high for the day.
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    • Article
      No bid for Duke
      60 1 DUKE HOTEL in Fort Road has failed to attract a buyer despite reports that buyers from as far as Indonesia were said to be interested. At the close of tender on Tuesday, there was not a single bid. Sources attributed this to the "rather high" price
      60 words
    • Article
      Rival bid for Norton
      43 1 IN A surprise bid that ended a bitter takeover fight with BTR pic, Norton Co has agreed to be acquired by Compagnie de Saint-Gobain, a French conglomerate, for US$9O a share, or about US$l.9 billion in cash Pace 3
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    • Article
      Don't bank on this
      32 1 THE world's most powerful banks are losing their verve as Japan's financial crisis continues to grip the country, and experts say the troubles could last years Page 4
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    • Article
      Market holidays
      15 1 The Singapore and Malaysian markets were closed for the Hari Raya Puasa holiday.
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    • Article
      STOCK INDICES
      27 1 Thursday Change BT-MGA Closed Kuala Lumpur ....Closed Hongkong 3,009.34 -9.24 Tokyo 29,525.57 -38.79 Sydney 1,462.4 -5.7 Thursday Change New York 2,666.44 +11.94 London 2,143.1 -16.8
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    • Article
      CURRENCIES
      24 1 Exchange rates (Apr 25) US$ SS 1.8760 Yen (100) SSl.1788 MS SJ0.6900 Money market rates Overnight 6 3/8% +1/16 3-month 6 3/4 unch
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    • Article
      COMMODITIES
      28 1 London GoM PMfix US$371.60 USS+0.15 Rubber (Apr 24) S'pore May I57.00«/kg -0.50 M'sia May 228.50«/kg -1.50 KL Tin Turnover 99 tonnes -41 Spot MS 17.2 l/kg -0.10
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  • Article
    HKBank cuts S$ deposit rates to toe MAS line
    505 1  -  From Catherine Ong in HONGKONG HONGKONGBANK has brought its deposit rates on Singapore dollar accounts in Hongkong in line with those offered by banks in the Republic following intervention by the Monetary Authority of Singapore (MAS). Acting on MAS's concern that
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  • Article, Illustration
    Simex to elect new head within next two months
    296 1  -  By Soh Tiang Keng THE SINGAPORE International Monetary Exchange (Simex) will elect a new chairman within the next two months when its present head, Elizabeth Sam, steps down from her post. Mrs Sam will relinquish her post in accordance with the
    296 words
  • Article
    Lock icon South Korean stocks suffer biggest fall on record
    229 1 Reuter SOUTH KOREA'S stock market plunged yesterday in its biggest ever daily fall, sparking violent protests by investors against the government. Trusts joined panicking individuals in selling across the board, sending the composite stock index dropping by 28.96 points to close at
    Reuter  -  229 words
  • Article
    Lock icon Taiwan to cut trade deficit with Japan
    118 1 Reuter TAIWAN plans to switch im-port-buying from Japan to the United States and Europe to reduce its huge trade deficit with Tokyo, the Economic Ministry said on Wednesday. Vice-Economic Minister Chiang Ping-kun told a news conference that the plans could prevent Taiwan's trade
    Reuter  -  118 words
  • Article
    OUB studies KL ruling on foreign banks
    396 1  -  By Alvin Tay OVERSEAS UNION BANK has initiated a study into a Malaysian government ruling that requires all foreign banks to locally incorporate their Malaysian operations within five years, said its group chairman Lien Ying Chow. In his annual statement to shareholders, Mr
    396 words
  • Article
    Elf Aquitaine pumps more money into Singapore
    250 1 FRENCH OIL and chemicals giant Elf Aquitaine is stepping up its investments in Singapore as part of its plans to take on a higher profile in the region. The first leg of the investments has already begun with the construction of a new
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
      83 1 Seoul threatens to deal firmly with unrest, Pg 6 Join BT contest JOIN BTs Wordskill Contest. Winners of the contest will get a dinner treat each at Iatour, courtesy of ShangriI.a Hotel. The contest is spread over three days. Contest forms and details will be published on April 30, May
      83 words
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      Page 1 Advertisements Column 3
      77 1 Did you get your BT yesterday? IF YOU ARE a Business Times subscriber and you did not receive the April 26 issue of BT, please call our Customer Services on 740-1840. We are monitoring the efficiency of our circulation and vendor services and would appreciate feedback from our readers. wLf
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      Page 1 Advertisements Column 4
      15 1 I [MFDHS!© 9L Quadruple Zoom+Auto Two-Color. *5 I E OUB rationalising overseas operations, Pg 4
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        CASH in talks to buy manufacturing firms
        79 2 CONSTRUCTION and Supplies Houses (CASH) has reached an advanced stage in negotiations to buy shares in a few manufacturing companies. In a statement to the KLSE, CASH said an announcement on the outcome of these negotiations, together with a request for lifting the
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      • Article
        Bolton to expand operations
        100 2 BOLTON Properties Bhd will spend Msl2 million to expand the output of superfine coated calcium carbonate, a product manufactured by soon-to-be-acquired Malaya Industrial and Mining Corporation Bhd (Mimco), Bolton's deputy managing director, Mr Lim Yen Haat, said. Superfine coated calcium carbonate is a substitute used as
        100 words
      • Article
        MWE unit set to buy land
        74 2 MWE HOLDINGS Bhd said its subsidiary Shanpin (M) Industrial Sdn Bhd has entered into an agreement to buy a 5.01 hectare land in Kepong for M 54.5 million to be used for the development of light industrial and commercial units. The acquisition will be
        74 words
      • Article
        Mulpha-Kamunting in deal
        67 2 MULPHA International Trading Corp Bhd has entered into a conditional agreement with Staboc Marketing Sdn Bhd to acquire the entire issued capital of Sanwin Sports (KL) Sdn Bhd from Kamunting Corporation Bhd. Mulpha said Sanwin is principally engaged as a wholesaler and distributor of sporting goods of
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      • Article
        Time plans to acquire firm
        54 2 TIME ENGINEERING Bhd has proposed to acquire ldo,ooo shares representing the entire capital of Toplink Advisory and Management Services Sdn Bhd for M$ 100,000 from Messrs Sharifuddin bin Mohd Yusof and Anuar bin Adam. The acquisition is to be financed from internal resources. Toplink is
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      • Article
        KIB proposes bonus issue
        55 2 KIB Textiles Bhd has proposed a l-for-4 bonus issue and a special issue of 6.68 million new shares at M 52.50 each to bumiputra investors to comply with the New Economic Policy. On completions of the two issues, KlB's paid-up capital would increase to M 560.32
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    • Article
      Intraco in HK tie-up to boost China link
      315 2  -  By Elaine Koh TRADING GROUP Intraco has strengthened its China connection by teaming up with a Hongkong group to supply fuel and raw materials to the mainland. The joint-venture company, Sintra Merchants Pte Ltd, will start operations next month with an initial
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    • Article, Illustration
      Lock icon KLSE update on missing scrip soon
      311 2 Bernama THE KUALA LUMPUR Stock Exchange (KLSE) will give an update on the missing scrip saga after the Hari Raya holidays, executive chairman Nik Mohamed Din Datuk Nik YusofT said yesterday. He said the KLSE's securities clearing automated network system (Scans), the clearing house
      Bernama  -  311 words
    • Article
      Lock icon Daibochi speeds up listing plans
      207 2 MBT PLANS to list one of Malaysia's leading packaging companies Daibochi Plastics and Packaging Industry is gathering momentum. The Malacca-based packaging company, which had earlier indicated that it will seek a listing in two years, is understood to be now working on proposals for a
      MBT  -  207 words
    • Article
      Duke Hotel fails to attract any buyer
      417 2  -  By Conrad Raj DUKE HOTEL in Fort Road has failed to attract a buyer despite reports that buyers from as far as Indonesia were said to be interested. At the close of tender on Tuesday, there was not a single bid. Sources attributed
      417 words
    • Article
      Lock icon Carpet firm prepares for flotation
      208 2 Bernama CARPETS International Sdn Bhd, which has attained profitability since 1988, is working towards seeking a listing on the second board of the Kuala Lumpur Stock Exchange (KLSE). Carpets international, which is 80 per cent owned by Kumpulan Perangsang Selangor (KPS) and 20 per cent
      Bernama  -  208 words
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  • COMPANY NEWS
    • Article
      Lock icon Saint-Gobain to acquire Norton for US$1.9b
      368 3 NYT. IN A surprise bid that ended a bitter takeover fight with BTR pic, Norton Co has agreed to be acquired by Compagnie de Saint-Gobain, a French conglomerate, for US$9O a share, or about US$l.9 billion in cash. The agreement ended the $1.64 billion
      NYT.  -  368 words
    • Article
      Lock icon NKK to buy 40 per cent more of US National Steel
      506 3 NYT NKK CORP of Japan has agreed to acquire an additional 40 per cent stake in US National Steel Corp from National Intergroup Inc. NKK, based in Tokyo, already owns the other half of National Steel. If the deal
      NYT  -  506 words
    • Article, Illustration
      Lock icon Volvo shareholders okay Renault tie-up
      333 3 Reuter SHAREHOLDERS in Swedish car maker Volvo on Wednesday approved the company's linkup with state-owned Renault of France. With the alliance "Volvo becomes a real European," company chairman Pehr Gyllenhammar said before the vote was taken. The alliance of the two firms' car, truck and
      Reuter  -  333 words
    • Article, Illustration
      Lock icon Japanese brokers to keep European operations despite slump at home
      475 3 Reuter THE SLUMP in Japanese securities business since the start of the year is hurting Japanese brokerage houses in London, but company officials do not expect any major player to cut back operations. Many of the 33 Japanese securities houses
      Reuter  -  475 words
    • COMPANY BRIEFS
      • Article
        Tokyo police in insider trading raid
        102 3 POLICE have raided the home of a former president of a financial institution and five other places in connection with Japan's possible first major insider trading case, police said.* They gave no further details of the searches. A police spokes-, man said that a
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      • Article
        Procter earnings up 30pc
        98 3 PROCTER GAMBLE Co, one of the world's leading makers of consumer products, said that its third-quarter earnings rose more than 30 per cent, to US$4O4 million, qr US$l.l4 a share, compared with a profit of US$3lO mil-, lion, or 92 cents a share, in the corresponding
        98 words
      • Article
        Disney posts record profits
        91 3 WALT DISNEY Co on Wednesday reported record profits and revenues for the second quarter and that all three of its operating segments showed continued strength. The company said earnings rose 19.8 per cent, to U*****.5 million, or. US$l.29 a share, from US$l49 million, or US$l.OB a
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      • Article
        San Miguel pays off loan
        85 3 PHILIPPINE conglomerate San Miguel Corp said it had. settled a loan of US$3OO million, borrowed ten years ago, through a debt-to-equity arrangement with creditors. It did not identify the creditors. The company said in a statement, it paid oflf a US$57 million balance on the
        85 words
      • Article
        IEP raises Vickers stake
        55 3 INDUSTRIAL EQUITY (Pacific) Ltd (lEP) said its subsidiary lEP Securities Ltd had raised its stake in Vickers pic to. 20.05 per cent from 19.54 per cent. lEP, a unit of New Zealand entrepreneur Sir Ron Brierley's Brierly Invest-, ments Ltd, is currently proposing a demerger of
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      • Article
        Foreigner for Nomura board?
        59 3 MAX CHAPMAN, co-chairman of the US unit of Nomura Securities Co Ltd, could be elected to the board of the parent company, marking the first time a foreigner joined the board of Nomura or any other Japanese financial com-* pany, a Nomura spokeswoman said. "This is
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    • Article
      Lock icon SEC head faults proposal to regulate penny stocks
      401 3 NYT RICHARD C BREEDEN, chairman of the US Securities and Exchange Commission, has expressed strong reservations about key portions of a legislative package intended to strengthen Federal oversight of the nation's penny stock market. Penny stocks are lowpriced securities that trade over
      NYT  -  401 words
    • Article
      Lock icon Thai Airways' US$300m order
      129 3 AP THAI AIRWAYS International has placed a US$3OO million order for GE engines to power five Boeing 747-400 jetliners and four Airbus Industrie A 330 jetliners. The order consists of 28 installed and six spare CF680C2 and -80E1 engines made by GE's Aircraft Engine Division, based
      AP  -  129 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Dresdner buys into Grand
        81 4 DRESDNER Bank AG of Frankfurt has taken a 7.5 per cent interest in Grand Cathay Securities Corp of Taiwan and established a securities investment consulting company in Taipei. A senior Grand Cathay Securities official said the stake was worth about NTS3OO million. Gerhard Eberstadt, a managing
        81 words
      • Article
        Taiwan's money supply falls
        80 4 TAIWAN'S money supply fell at an annual rate of 1.1 per cent in March, the largest drop on record, the central bank said. The MIB measure showed a sharp drop from the 8.7 per cent annual growth in February, it said. The bank attributed the sharp
        80 words
      • Article
        BNZ to lay off staff
        102 4 THE Bank of New Zealand Ltd said it would sack 216 staff to improve its competitive position in the *****. BNZ said the branch network would lose 135 people and head office 81. It said a compensation package was negotiated with the Bank Officers' union.
        102 words
    • Article, Illustration
      OUB rationalising overseas operations
      455 4  -  By Alvin Tay THE OVERSEAS branches and subsidiaries of Overseas Union Bank managed to improve on their overall earnings last year, but chairman Lien Ying Chow is increasingly concerned about the future of the bank's international presence. He said in his 1989 annual statement to shareholders:
      455 words
    • Article
      Lock icon US against changes to Brady plan
      196 4 Reuter THE World Bank this month discussed ways to improve a US plan to slash the trillion-dollar-plus debt of developing nations, but Washington effectively vetoed any changes, international monetary officials said on Wednesday. They said that while the US strategy has generally won high
      Reuter  -  196 words
    • Article
      Lock icon Financial crisis a growing threat to Tokyo banks
      329 4 AFP THE world's most powerful banks are losing their verve as Japan's financial crisis continues to grip the country, and experts say the troubles could last years. The main threats to Japanese financial institutions come from risks associated with fluctuating interest rates,
      AFP  -  329 words
    • Article
      Lock icon Citibank to use Japanese network?
      159 4 NYT A GROUP of major Japanese banks is likely to allow Citibank access to their cash-dispensing machines and automatic-teller machines through their computer network by early next year, which will strengthen the US bank's retail banking network in Japan. Japanese banking sources said they are
      NYT  -  159 words
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      301 4 I I Q° ■j" r 0 4-.M, i saea- jTST'—'r 7 f-'f**?°* AT 'ON «_^T ~y» l 11 \T. M> -^z ""hE I I j&mim" Q"""* mST" a W Q— J3E cS^W^SS M. TtM I T. K»wi*n« »«l««* I MtOinM —c=sa=«3« n-i jjj*>«" o" -c 1 nrn '""HTZHrZ 1 a**—
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      Page 4 Advertisements Column 2
      434 4 I IF 1 Keppel Finance Limited I (Incorporated in the Republc of Singapore) B I Notice of Annual General Meeting I I NOTICE IS HEREBY GIVEN that the 26th Annual General Meeting B of the shareholders of the Company will be held at the Keppel B I Corporation Limited's Board
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  • Page 4 Miscellaneous
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      720 5 THE 1990 ROLEX AWARDS FOR ENTERPRISE. 1976 marked 50 years of the Rolex Oyster and the foundation many projects have been brought to fruition which otherwise of the Rolex Awards for Enterprise. Since then, Rolex has might never have been realised. A book detailing the projects of rewarded many individuals
      720 words
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  • THE REGION 1
    • Article, Illustration
      Lock icon Seoul threatens to deal firmly with labour unrest
      345 6 AFP SOUTH KOREA'S Prime Minister Kang Young-Hoon said yesterday that the government has resolved to take forceful police action against strikes at the national radiotelevision network and the giant Hyundai shipyard. The decision was taken after an urgent Cabinet meeting attended by
      AFP  -  345 words
    • Article
      Lock icon Australian quarterly debt up
      141 6 AFP AUSTRALIA recorded a net foreign debt of A$U7.4 billion in the last quarter of 1989, 18 per cent up from the same period of 1988. The Bureau of Statistics in Canberra said yesterday that the figure for the December quarter, revised from AS 118.4 billion,
      AFP  -  141 words
    • Article
      Lock icon Sabah trade surplus down 27pc in Jan-Feb
      438 6 Bernama SABAH recorded a trade surplus of M 5347.6 million in the first two months of this year. This was a decline of MS 130.9 million or 27.4 per cent compared with the same period last year. The surplus fell from M 5271.9
      Bernama  -  438 words
    • Article
      HK sweater makers upset over US finding
      236 7 HONGKONG knitwear manufacturers on Wednesday lashed out at the US Department of Commerce's "unreasonable" preliminary finding that four of the territory's firms have been dumping sweaters in the US. The South China Morning Post said the manufacturers will appeal against the department's findings
      236 words
    • Article
      Hongkong industry urged to go up-market
      199 7 HONGKONG'S forgotten trading partners are showing signs of compensating for dwindling exports to major markets, but manufacturers still need to go up-market, a leading trade official warned on Wednesday. "We must upgrade and market ourselves better," said Andrew Ma, assistant director of the Trade
      199 words
    • Article, Illustration
      China seeks more facts about HK projects
      455 7 CHINA WANTS more information about the multi-bil-lion-doilar airport and port projects straddling the 1997 changeover, according to the local director of the New China News Agency (NCNA), Zhou Nan. Although Beijing was worried that the HK$l27 billion infrastructure development might be a financial
      455 words
    • NOTE BOOK
      • Article
        Australia may re-think sale of Mirages
        101 7 AUSTRALIA will reconsider its sale of 50 Mirage fighters to Pakistan if relations between India and Pakistan deteriorate. "If there is any deterioration in relations between India and Pakistan, then we would reconsider the arrangement," Acting Foreign Minister Neal Blewett said in Sydney yesterday.
        101 words
      • Article
        Indon cement exports
        67 7 INDONESIA plans to limit its cement exports to 2.S million tonnes a year beginning in 1991 in a bid to assure an adequate supply for domestic needs. The official Antara news agency on Wednesday cited officials at the directorate-general I of basic chemical industries as saying that
        67 words
      • Article
        Aquino's call
        90 7 PRESIDENT Corazon Aquino yesterday urged communist guerillas to give up armed struggle and emulate their former I leader, who founded a successful farmers' cooperative after being freed from jail. Mrs Aquino made the call during a visit to the cooperative led by Bernabe Buscayno, founder of the communist
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      145 6 SOTHEBY'S FOUNDED 1744 ■y in ii i i i hi ill I I' > *V> s't iAyHB.', W%^ Fu Baoshi (1904-1965) Fairy of Blossoms hanging scroll, ink colour on paper Estimate: HK$6OO,OOO 800,000 PREVIEW EXHIBITION OF FINE MODERN CHINESE PAINTINGS 27 29th April 1990 10:00 am 6:oopm Queen's Room (Ground
      145 words
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      279 7 SINGAPORE INSTITUTE OF PURCHASING SUPPLY The local professional institute affiliated to the world bodyThe International Federation of Purchasing and Materials Management. Applications are invited foe the following courses commencing In May/July 1990: MATERIALS MANAGEMENT (DPMM 4TH INTAKE) Jointly awarded by the Polytechnic of North London (PNL) and Singapore Institute of
      279 words
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      Page 7 Advertisements Column 2
      331 7 i: ja w\ "The Day I Made i 7 O O. O O O FO R T H E C O M PAN Y And Still Lost Money I Over Lunch." p** i A mmr m J, 4j Jf f i K| Y w JZ A A 1 s i
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  • THE WORLD 1
    • Article
      Lock icon Gorbachev plans big price debate
      304 8 AFP PRESIDENT Mikhail Gorbachev said on Wednesday a national debate lasting up to eight months would be held on price increases envisaged as part of economic reforms. During a visit to the industrial city of Sverdlovsk in the Urals, Mr Gorbachev told a crowd it
      AFP  -  304 words
    • Article
      Lock icon US and Moscow headed for deal to end Cold War
      427 8 Reuter WASHINGTON and Moscow have cleared all major obstacles on a trade deal to bury the Cold War that has chilled commercial relations since 1951, a senior US negotiator said on Wednesday. Deputy US Trade Representative Julius Katz said that
      Reuter  -  427 words
    • Article
      Lock icon US to sell more forest products to Japan
      162 8 AP THE UNITED STATES and Japan reached agreement on Wednesday to expand sales of US forest products as President George Bush's administration strongly hinted that Japan's actions will keep it off a "hit list" of countries with the most offensive trade barriers.
      AP  -  162 words
    • Article
      Lock icon Europe's high-tech TV effort in danger of coming unplugged
      309 8 IHT DESPITE a major effort to counter Japan's high-defini-tion television technology, Europe's bid to put a cine-ma-quality TV system of its own on the market by the mid-1990s is in trouble. Already facing formidable technical obstacles, international standards conflicts and increasing
      IHT  -  309 words
    • Article
      Lock icon UK posts second worst current account deficit
      519 9 Reuter BRITAIN'S trade performance in March was the second worst on record, but Chancellor of the Exchequer John Major stood by his in-flation-fighting economic policy and hinted that already high interest rates would remain for the time being. The announcement on Wednesday that
      Reuter  -  519 words
    • Article, Illustration
      Park here if you don't like the policy
      28 9 Angry farmers blocking a street in Herve, Belgium, on Wednesday to protest against the agriculture policy of the European Community
      28 words
    • Article
      Lock icon EC commission okays 'common passport' plan for securities firms
      522 9 AFP THE EUROPEAN Community's Executive Commission has approved a key proposal aimed at enabling securities houses to operate anywhere in the great EC single market of 1993. The proposal, aiming at protecting investors by requiring securities firms to have basic levels
      AFP  -  522 words
    • WORLD WATCH
      • Article
        Kohl's challenger stabbed during rally
        81 9 OSKAR LAFONTAINE, the main challenger for Chancellor Helmut Kohl's job, survived an assassination attempt by a woman who asked him for his autograph and then stabbed him in the neck with a butcher's knife. Thousands of supporters were cheering at the end of an opposition
        81 words
      • Article
        West must help East bloc
        71 9 WESTERN democracies must step up coordination of their help for East Europe to ensure that the unprecedented transition from Communist economics to the free market succeeds, a respected think-tank said yesterday. Researchers at the Royal Institute of International Affairs warned that the West faced a
        71 words
      • Article
        Third World reforms needed
        65 9 US AMBASSADOR Thomas Pickering said Wednesday that industrialised nations must promote economic growth in the Third World, but he stressed that reforms in poorer countries are essential for successful development. "We believe that the major responsibility for successful development rests with the people and government of
        65 words
      • Article
        Space specialists hold talks
        88 9 FRENCH and Japanese industrialists and specialists in space and electronics ended four days of roundtable talks in Tokyo yesterday. Held every two years as part of an industrial cooperation committee between the two countries, the talks are aimed exchanging information in both fields. The French told
        88 words
      • Article
        How Hawaiians view Japan
        98 9 NEARLY half the Hawaii residents responding to a media poll say they believe the state is on the verge of becoming a colony of Japan. Thirty-one per cent of those responding to the poll said they agree with that premise, while another 15 per cent strongly
        98 words
      • Article
        Drop tariffs, Hills tells Brazil
        69 9 US Trade Representative Carta Hills said Brazil's new government needs to drop tariffs and import restrictions before the country can increase trade with the US. "The reduction of import tariffs is where the most progress can be made toward increasing trade," said Ms Hills in
        69 words
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      Page 8 Advertisements Column 1
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      195 words
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      259 9 A 12-SFSSION Sil\U I VH\(. PAIMK IPAIIVF COl'KSI* PKOC.KAMMI' ON A COMPREHENSIVE STUDY OF THE EMPLOYMENT ACT Personnel Organization Development (Pte) Ltd is conducting this programme to assist management to gain a proper understanding of the Employment Act, and it is suitable for those whose responsibilities require an understanding of
      259 words
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      Page 9 Advertisements Column 2
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      217 words
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  • Article
    Li visit good for free world
    474 10 EDITORIAL f HINESE Premier Li Peng's visit to Moscow hasn't impressed analysts or observers as an event of any great significance. Neither is it expected to accomplish much beyond reaffirming the normalisation of relations between the two countries initiated last May with Soviet leader
    474 words
  • WHAT THE OTHERS SAY
    • Article
      The sun rises in the East
      255 10 JAPAN will remain an economic power house in the 1990s but, in spite of its immense wealth, the government and the Japanese people are unsure what role they should play on the world stage. Whatever the reasons for holding back Japan from playing a
      255 words
    • Article
      Pragmatic giants
      113 10 THE CURRENT ROUND of Sino-Soviet talks will benefit bilateral relations, but not international politics. This is because China and the Soviet Union cannot rebuild the close alliance of the *****; neither can they afford to return to the confrontational days of the *****. Furthermore, communism in both countries
      113 words
    • Article
      Tradition a la Singapore
      124 10 AN OFT-ASKED question of late is: Have the Hari Raya celebrations become commercialised? The ensuing discussions have raised a moot point to what extent is the younger generation aware of Hari Raya traditions beyond observing the usual festive trappings of celebrations. Yet, Islam has prescribed a
      124 words
  • REGIONAL VIEWPOINTS
    • Article
      Helping small businesses
      165 10 SMALL-SCALE ENTERPRISES (SSEs), those capitalised at or having assets of up to M 5500,000, are the mainstay of Malaysia's economy, but full development of their potential has not been an easy task. To help them, the Credit Guarantee Corp of Malaysia (CGC) was formed in 1972. The
      165 words
    • Article
      Enterprise or exploitation?
      138 10 WHAT DO YOU CALL a country whose government shoots demonstrators, jails opposition leaders to keep them from unseating the dictatorial rule, and bans any criticism of the rulers during an election campaign? You call it Burma. The main concern is not so much with the criticism of
      138 words
    • Article
      Red-green signals
      238 10 PROPOSED CHANGES to British immigration regulations, spotlighted by the South China Morning Post, have prompted concern in Hongkong. At a time when the Home Office is framing details of a nationality package for Hongkong residents, it is also planning to amend the rules in such a way as
      238 words
  • Article, Illustration
    Lock icon Western help wanted
    803 10  -  Eastern Europe's economic potential depends as much on reform as support from the West, writes Horst Schulmann Horst Schulmann The writer is managing directqr of the Institute of International Finance, whose 180 members are primarily international commercial banks IHT IT IS the enormous economic potential of Eastern
    IHT  -  803 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      88 10 j^H m SYSTEM PROFESSIONAL K HAIR MANAGEMENT FOR MEN. Now you con enjoy professional haircare everyday—with System Professional for Men. A unique range of shampoos, treatment and styling products specially formulated to lock-in condition and keep your hair in healthy shape. W But, please don't look for System Professional H|^HH||^B^H
      88 words
  • Page 10 Miscellaneous
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  • ANALYSIS
    • Article
      Lock icon Travellers set to fly into the thick of turbulence
      1016 11 Congestion and inefficient air-traffic systems threaten to mar the planned deregulation of Europe's airlines Economist FED UP with air-travel delays? The nightmare in Europe is going to get worse, according to a recent study published by the International Air Transport Association
      Economist  -  1,016 words
    • Article, Illustration
      The world according to Caspar Weinberger
      1491 11  -  Harish Mehta talks to Caspar Weinberger, former US Secretary of Defence, about Mikhail Gorbachev's future, Lithuania's bid for freedom, Singapore's offer to host US military facilities and Indo-Pak tensions Harish Mehta Harish Mehia is on BT's Foreign Desk PRESIDENT Mikhail Gorbachev's political obituary is
      1,491 words
    • Article, Illustration
      Lock icon Found: blue chips in the garbage can
      502 11  -  Wall Street sees future in trash, and waste services are now hot stocks, says Christina Toh-Pantin Christina Toh-Pantin Reuter THE OLD English saying "Where there's muck, there's brass" dirty work makes money is getting dusted off in the gleaming office towers of Wall
      Reuter  -  502 words
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  • FOCUS
    • Article, Illustration
      Lock icon BAT sells Saks for a cool US$1.5b
      665 12 Arab banking group Investcorp's purchase of the Saks chain has set industry observers murmuring with approval NYT SAKS Fifth Avenue, one of the world's premier high-fash-ion retailers, will be sold by its British owners for US$l.5 billion to a Mid-East financial group known
      NYT  -  665 words
    • Article
      Lock icon Biggest buy yet for acquisitive group
      403 12 NYT THE Arab-led investor group that agreed on Wednesday to buy the Saks Fifth Avenue chain for roughly US$l.5 billion has in recent years bought parts or all of companies whose products carry brands that are household names, from Gucci handbags to Tiffany jewellery
      NYT  -  403 words
    • Article
      Lock icon Positive industry reaction to sale
      306 12 NYT NEW YORK store and fashion industry executives reacted with surprise and some optimism to the announced sale of Saks Fifth Avenue on Wednesday. "If they allow merchants to run the business, it's a very positive thing," said Bernard Ozer, a vice-presi-dent of Associated Merchandising
      NYT  -  306 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      213 12 I The Perfect Setting^^Ji Seafood Soup (Jack's Style)—s6 Sauteed Prawns with Chillies 12 M. Sauteed Slice CutUe Fish with Celery Chillies—sB lip Stewed Green Vegetable with Crab Meat —$6 $3 ra se( Sea Cucumber with Spring Onion —$10 gSJ ■p! It's our endless variety of seafood fare that lures our
      213 words
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  • SPORTS
    • Article, Illustration
      Lock icon Leconte ousts Mancini in Monte Carlo Open
      460 13 AP FRANCE'S Henri Leconte eliminated defending champion Alberto Mancini in the second round of the US$l million Monte Carlo Open tennis tournament on Wednesday. Leconte ousted the 11th seeded Argentine 6-4, 6-4. Top-seeded Stefan Edberg of Sweden, No 2 in the world, struggled
      AP  -  460 words
    • Article
      Lock icon Argentine team in Italy for title defence
      296 13 AP DEFENDING soccer world champion Argentina arrived in Italy on Wednesday to begin preparations for the defence of the title. Argentine manager Carlos Bilardo predicted that the month-long World Cup would be extremely tough. He said at least six teams are capable of
      AP  -  296 words
    • Article
      Lock icon Faldo pursues Spanish Open crown
      493 13 AP THREE WEEKS after becoming the first player to win back-to-back US Masters titles since Jack Nicklaus in 1965-66, Nick Faldo said on Wednesday that it was time to get back to work. The tall Englishman has begun preparing for the Spanish Open, his first
      AP  -  493 words
    • SIDE LINES
      • Article
        New Zealand puts Australia in to bat
        80 13 NEW ZEALAND captain John Wright won the toss and put Australia in to bat in overcast conditions in the six-nation Autral-Asia Cup in the United Arab Emirates yesterday. New Zealand pressed into service two debutants, fast bowler Jonathan Mill mow and all-rounder Mark
        80 words
      • Article
        Eubank closer to title shot
        58 13 BRITISH middleweight Chris Eubank moved closer to a world title shot on Wednesday with a successful defence of hp World Boxing Council International title against Argentine Eduardo Contrcras in Brighton. The 23-year-old titlist won every round in scoring a unanimous decision. But although he rocked
        58 words
      • Article
        Klimov grabs lead
        69 13 VIKTOR KLIMOV of the Soviet Union was the unexpected leader after the second stage of the Tour of Spain cycling race on Wednesday. He had a 24-second advantage over Poland's Marck Kulas. Both men were outsprinted by local rider Emilio Cuadrado in a four-man breakaway to the
        69 words
      • Article
        Parrott, Davis ahead
        53 13 JOHN PARROTT and Steve Davis drew first blood in the World Snooker Championship semi-finals in Sheffield on Wednesday. Parrott, last year's runner-up, finished 5-3 up against Stephen Hendry after the first session of the shoot-out between the sport's young guns, while world champion Davis headed English rival
        53 words
      • Article
        Churchill Downs profits
        65 13 FEWER bettors went to Churchill Downs racetrack last year, helping to cut the pay-out for the famous home of the Kentucky Derby by 5.7 per cent, although it still reported its second-best year in history on Wednesday. Profits for Churchill Downs Incorporated slumped to US$4.l6 million from
        65 words
      • Article
        An awesome number
        78 13 NOT SINCE 1973 have two teams met in the first round of the NBA playoffs with so many combined victories. The-Utah Jazz, who finished the season 55-27, and the Phoenix Suns, third in the Pacific Division at 54-28, are the first 50-win teams to meet in a
        78 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      234 13 HSr I. W R K I fj af 4Lj* *1 You experience our personal touch at Liang Court Regency. The experience begins with a special welcome bouquet. And during your stay, you'll notice the many little things that get done quietly and efficiently. Come stay with us and experience our
      234 words
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      Page 13 Advertisements Column 2
      273 13 I THIS SECRETARIES' WEEK, I TELL HIM YOU'VE MADE I I LUNCH RESERVATIONS IN I I HONG KONG. I I Without actually settingjoot out of Singapore, ties; hampers from Perrier and Neutrogena; I I the flash and glitter ofHongKongcan be enjoyed. Wordstar Prof Version 55 software packages; and I I
      273 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      239 14 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot -jMWWnnMfm^^BBI 1?. ■wS3P^ M* ;*'> ?T/;>\ ..<5 Mfak ■HE* 1 I x I' Spicv Szechuan dishes served at lunch and dinner dailv in the cool, inviting atmosphere of Szechuan Court.
      239 words
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      Page 14 Advertisements Column 2
      305 14 ooimcGs 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 your
      305 words
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      Page 14 Advertisements Column 3
      168 14 Like our exquisite rVH Cantonese Thai mt j_ cuisine. Prepared by Ik v Hong Kong and Thai P^L« Bf v\ Delighted by the I* chic con,inen,al f I I ambience. |K^Ll I HHf i Secretaries' We^^ Get away from the 'grind' at the office —to a delightful Vy; "v..:; i
      168 words
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      Page 14 Advertisements Column 4
      308 14 J SAVOUR SMIN 3 An all consuming passion for Spain sweeps into The Belvedere this month It's an extraordinary spread to be relished and savoured, along with specially imported Spanish wines. The Belvedere's Spanish Buffet It's worth fighting a bull to get to. Spanish Buffet Lunch 1 30 April *90
      308 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      671 14 TELEVISION AND RADIO 1 1 II A c\ eooil M ÜBI Mania (See Our Choice). 135 Malay Maria Kolej 56. BUSINESS OK RADtO L/vAn /i rvi* Kn II at 12.15 am ch» 19.00 wwmnmtxm). v DicaQ OF DallOL: m !^ss.rr ,d J' da^l hn the only US Hi UW» (C.
      671 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon God save the Queen's anthem
      661 15  -  Britain's famous anthem should keep pace with modern times, so says the Church of England, which favours changing its second verse. The proposal has drawn an outcry, reports Marcus Eliason a I VI.U.J i, Marcus Eliason AP A CHURCH proposal to scrap the pugnacious second
      AP  -  661 words
    • Article
      Stallone unveils his artistic talent
      252 15 €H*ffgßßQX~ SYLVESTER Stallone, body-builder, writer, actor, art collector and former married man, unveiled one of his paintings on Saturday night in Los Angeles. The event took place at Blak:Bloo, a private club. "This one is my interpretation of the Berlin Wall," explained the artist. "And
      252 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      259 15 AND ENTERTAIN Add A Little Spice i To Your Secs Life. SECRETARIES WEEK I t] djk SPECIALS APRIL 23 V TO 25. V AND 28 1,% RESERVATIONS ~fM K|» 712 1222 EXT 1443 Hgalr PRICES ARE SUBJECT TO 10* SERVICE CHARGE AND CESS It's Secretaries' Week, April 23 to 28.
      259 words
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      Page 15 Advertisements Column 2
      363 15 NOTICE NOTICE IS HEREBY GIVEN that, I LIM MAH TAT of No 12, Siglap Plain, Singapore (1545), have applied for a Wholesale Liquor licence in respect of premises at M/s Meidi-Ya Singapore Co. (Pte) Ltd. at 222, Pandan Loop, Singapore (0612), and that this application will be heard in Court
      363 words
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      Page 15 Advertisements Column 3
      444 15 dtoao Lobster Salad with Fresh FrortsC 2. Sharts Fin with Crab meat Qf| 3. Red-Fish with Soya Bean 3) IDO.OU Crumbs (For 10 persons) 4. Deep Fried Crispy Chicken 1 5. Season Vegetable with cqPE. Roast®" Mushroom nucK 6. Maple Leaf Steamed Bean PeK,9 l;«.<» witti Soya Sauce Rem*" 1
      444 words
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      Page 15 Advertisements Column 4
      330 15 I gl| SECRETARIES' WEEK j Kaj wßm j 23 —27 APRIL 1990 j |H Set Menu $14.00 188 Set Menu $19.50 IjM Set Menu from $48 f jgj Mp2f I for 2 persons 9 lin an Intimate Setting I Hi H| For a delightful but informal meal, come to our
      330 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Share prices close weaker in sluggish trade
      2292 16 Reuter TOKYO stocks closed lower yesterday after a day of lethargic trade. Late-afternoon program selling accentuated an already downward trend for the day. Major Japanese brokerages attempted repeatedly to rally the stubbornly sluggish market with little success. "No one wants to invest right
      Reuter  -  2,292 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Market finishes easier on profit-taking
      2492 16 Reuter HONGKONG STOCKS drifted lower on profit-taking yesterday, but light buying kept the market's blue-chip stock gauge above the key psychological support level of 3,000. Good support is seen at 3,000 on the Hang Seng Index, and stronger support should be provided at 2,950 should
      Reuter  -  2,492 words
  • Page 16 Advertisements
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  • REGIONAL STOCK MARKETS
    • Australian stocks finish off their lows
      • Article
        AUSTRALIA
        1154 17 AUSTRALIA'S sharemarket recovered in afternoon trading to finish off its lows in moderate trade yesterday. The All Ordinaries index ended 5.7 points down at 1462.4, staging a comeback from its midsession low of 1456.9. "The market drifted back up but there is still no real depth of buying," one
        1,154 words
      • Article
        TAIPEI
        328 17 TAIWAN stocks finished lower yester- day as cautious investors stepped back after Wednesday's slight losses. The weighted index dropped 58.91 points, or 0.6 per cent, to close at 9,517.83. Turnover fell to NTS 121.5 billion from NTS 152.5 billion on Wednesday. Dealers said the weakening financial sector led the
        328 words
      • Article
        BANGKOK
        601 17 STOCKS in Thailand finished firmer yesterday. Turnover of 14,985,244 shares was valued at 2,005.33 million baht. The SET Index closed at 854.82 points, up 7.79. The Bookclub Index closed at 743.46 points, up 7.02. Bangkok Baht VoKW) Alucon Manufact 542 16 135 American Standa 2666 60 Asia Credit 88
        601 words
      • Article
        JAKARTA
        334 17 THE Indonesian market was closed yesterday for Eid Al-Fitr. Jakarta Apr 24 Rupiah VoKTO) Aqua Golden M ***** unch 9 As. Bintang Ind 6250 unch As. Dayin Mitra 6900 unch Bank Bali ***** 500 139 Bank Danamon ***** 75 150 Bank Niaga ***** 150 193 Champion 8900 unch Indo
        334 words
      • Article
        MANILA
        484 17 PHILIPPINE shares slid further yesterday in a market worried about the effects on the economy of frequent electric power blackouts, compounded by concern about possible street demonstrations on Labour Day next week. "We were hoping for a technical price rally soon," Anthony Nicolas of Yao and Zialcita Inc said.
        484 words
      • Article
        SEOUL
        747 17 SEOUL stocks fell across the board in morning trade yesterday as investors' already-damaged sentiment soured as strikes at two large firms threatened to get worse. The composite index broke through the 740 technical resistance level and stood at 739.40 near the close of the morning session, shedding 15.67 points
        747 words
      • Article
        BOMBAY
        195 17 SHARE prices in Bombay rallied strongly from a subdued start to finish with a bullish bias in a week shortened by holidays on Wednesday. The market was closed yesterday, and will remain closed today, for local holidays. Trading resumes on Monday. "The bulls are gaining confidence and the market's
        195 words
      • Article
        Untitled
        683 17 CtaM Previous Apr 26 Apr 25 SYDNEY All Ordinaries Index 1,462.4 Closed All Industrials Index 2275.9 Closed All Resources Index 841.4 Closed Turnover (million) 86.42 Closed BANGKOK SET Index 854.82 847.03 +7.79 Turnover (nearest 000) 14,985 14,053 +932 JAKARTA Composite Index Closed Closed Turnover (nearest '000) Closed Closed MANILA Composite
        683 words
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  • WORLD STOCK MARKETS
    • Wall Street breaks five-day losing streak
      • Article, Illustration
        NEW YORK
        1049 18 EARLY STRENGTH in the US bond market and news of a US$l.B billion merger helped pull Wall Street stocks out of a five-day slump on Wednesday. Blue chips ended moderately higher, but volume remained weak. Analysts continued to call for further declines in stock prices. "The fact that
        1,049 words
      • Article, Illustration
        LONDON
        1008 18 UK SHARES weakened further in afternoon trade on Wednesday, hitting new lows for the year despite a firmer opening in New York. "It's difficult to say why the market should be drifting off now, when you might expect a better Wall Street to provide more support," one dealer said.
        1,008 words
      • Article
        FRANKFURT
        99 18 The Frankfurt market report for Wednesday was not available. Frankfurt Apr 25 DM Ae« 307.00 +1 BASF 304.90 +1.9 Bayer 308.00 2.5 Bayer Vereinsbank 362.10 +0.1 BMW 579.00 +24 Commerzbank 281.00 +0.5 Conti Gummi 290.00 4.5 Daimler-Benz 843.00 -4 Deutsche Bank 763.50 4.5 Dresdner Bank 412.50 +3.5 Hoechst 292.50
        99 words
      • Article
        ZURICH
        459 18 SWISS shares closed lower in quiet trading on Wednesday. Dealers said volume was low as investors stayed sidelined because of the high Swiss interest rates. The all-share SPI index closed 3.7 points lower at 1,057.3 but above the day's low of 1,055.1. The SMI index of leading shares eased
        459 words
      • Article
        MILAN
        106 18 The Milan bourse was closed on Wednesday for the Liberation Day holiday and was to reopen yesterday. On Tuesday, the MIB share index fell 0.59 per cent to 1,010. Milan Apr 24 lire Ass Gen ***** -20 Basiogi 356.00 +1 Fiat ***** -170 Finsidcf susp IfiPriv ***** -260 Italcetnenti
        106 words
      • Article
        AMSTERDAM
        315 18 DUTCH share prices closed mixed in thin trade on Wednesday due to worries over high interest rates following news of the broad one-to-one mark swap on Monday. "Investors are cautious as they expect higher interest rates," a dealer said. At 1430, the CBS all-share index was 0.1 point up
        315 words
      • Article
        PARIS
        278 18 FRENCH share prices closed slightly lower on Wednesday as a sharp drop in Saint Gobain shares after news of its agreed US$l.9 billion bid for US firm Norton weighed on the CAC-40 index. The CAC-40 index ended 9.83 points down at 2,091.57. It opened at 2,104.48. The CAC General
        278 words
      • Article
        JOHANNESBURG
        421 18 GOLD shares continued their recent easier trend in slow early trading on Wednesday under pressure from a decline in the bullion price overnight to around US$375 an ounce. Kloof lost 50 cents at 37.75 rand and Randfontein 25 cents at at 20 rand, while in mining financials Anglos shed
        421 words
      • Article
        Untitled
        331 18 Apr 25 Cbac Prrrtw* NEW YORK Dow Jones 2,666 44 2654 50 +11.94 NYSE Financial 135.92 135.53 +0.39 SAP 500 332.03 330 36 +1.67 Turnover (million) 133 137.36 -4.36 LONDON Financial Times 30 1683.5 1,697.2 -13.7 FTSE 100 2143.1 2,159.9 -16.8 Turnover (million) 392.8 372.9 +19.9 AMSTERDAM CBS General NA
        331 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Swiss franc reaping benefits of German unification plans
      1236 19 I FOREX MARKET REPORTS THE West German mark opened I mixed in Frankfurt yesterday, gaining on the US dollar and the weak Japanese yen, but easing against the Swiss franc which was benefiting from German unification plans, dealers said. Trading in the
      1,236 words
    • Article
      Bundesbank warns of increased inflationary risks
      564 19 Reuter THE Bundesbank warned in its annual report for 1989 that the West German economy would face increased inflationary risks this year. In a section in the report entitled, "Higher inflationary risks in 1990," the Bundesbank referred to stretched capacity utilisation in West German
      Reuter  -  564 words
    • Article
      US market intervention totalled US$75b last year
      205 19 Reuter CURRENCY market intervention to stem the US dollar's rise totalled at least US$75 billion in 1989, including sales of US$4O bil- lion from the US Federal Reserve and the Bank of Japan and US$4 billion from the Bundesbank, the Bundesbank said in
      Reuter  -  205 words
    • Article
      FINANCIAL FUTURES AND OPTIONS
      1205 19 SIMEX euhoooua* HiiS S« EaVd Op/lntVd Jun 90 91.22 91-23 91.20 91.22 5.59 2 £X c.» n 90 9100 91 01 90.97 90.98 7555 778$ 3336 sq SS 5iio mil 90.77 9079 I ISO 2602 112. Dj Mar 91 90.72 90.72 90.67 90.68 275 610 233
      1,205 words
    • Article
      INTERBANK FOREX RATES
      407 19 Cross rates A i» 25 USS SS MS Dm Yen SFr AS NZS USS 1.8780 2.7180 1.6945 159.05 0.6116 1.4795 1.3038 1.7153 3 0.5325 ***** 0.9023 0.8469 0.3257 0.7878 0.6942 0.9133 MS 0.3679 69.09 0.6234 0.5852 0.2250 0.5443 0.4797 0.6311 Dm 0.5901 1.1083 1.6040 93.86 0.3609 0.8731
      407 words
    • Article
      MONEY MARKET
      554 19 Interbank rates s$ Bid Offer Overnight 6 3/8 6 1/2 1-montn 6 9/16 6 11/16 2-month 6 5/8 6 3/4 3-month 6 3/4 6 7/8 Overnight mode: 6-7/16 uss Bid Offer 7 days 8 5/16 8 7/16 1 month 8 3/8 8 1/2 2 months 8 1/2 8
      554 words
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  • COMMODITIES
    • Article, Illustration
      Asia may face oil refining glut
      593 20 Reuter A GLUT in refinery capacity will emerge if demand in the Far East does not live up to expectations when refinery expansion projects in Asia and Africa are completed by the mid-*****, oil industry analysts say. If all projects under study, planned or
      Reuter  -  593 words
    • Article
      Tokyo raises rubber margin requirements
      147 20 Reuter THE Tokyo Commodity Exchange for Industry (Tocom) has decided to raise margin requirements for its May and June rubber futures contracts, effective May 1, to reduce speculative open interest. For the spot May contract, the exchange will add 200,000 yen per five-tonne lot for
      Reuter  -  147 words
    • Article
      Australia to remain top coal supplier to Japan: institute
      211 20 AFP JAPAN'S coal imports will likely increase to 50 million tonnes in 1995 from the present annual average of 29 million tonnes, with Australia remaining the top supplier to Japan, a Tokyo research institute said yesterday. The Institute of Energy Economics
      AFP  -  211 words
    • Article
      Tokyo rubber futures weaker
      252 20 REPORTS TOKYO: Rubber futures closed 0.9 to 2.0 yen per kg lower on profit-taking after rises earlier this week. Speculators corrected positions in the absence of overseas direction. Singapore rubber markets were closed. Most dealers see the market as bullish and expect benchmark December to rise
      252 words
  • Article
    PRICES
    1347 20 Rubber Apr 24 I BOS (hfc In >«iw) Spenti/kg Noon Clot Int 1 RSS Prompt 154.00/155.00N I54.00/IS5.00N Int I RSS May 90 157.00/157.50 157.00/157.50 Int I RSS June I59.2VI59.75 159.2VI59.75 Int 2 RSS OP 151.50/153 SON ISI.50/I53.50N Int 3 RSS OP 146.00/148.00N 146.00/148.00N Int 4 RSS OP 142.00/144 OON
    1,347 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      829 20 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAR 50 AND IN THE MATTER OF MATERIAL TRADING PTE LTD (IN CREDITORS' VOLUNTARY WINDING UP) NOTICE TO CREDITORS OF INTENTION TO DECLARE DIVIDEND Name of Company Material Trading Pte Ltd (In Creditors' Voluntary Winding Up) Address of Office of Liquidators registered
      829 words
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      Page 20 Advertisements Column 2
      15 20 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
      1015 21 Ctty Flltw ETA FUgtrt ETD AiM DkaM SRI87 1955 GA890 2240 FA970 2255 MUtaU* SQ225 2215 RJ182 1445 RJ183 2320 AnMtertfam KL835 1415 KL836 2115 SQ23 1810 SQ24 2200 QF16 1820 GA890 2240 Mkm SQ31 0825 0A471 2205 Auckland TE25 1800 BA11 1455 SO338 1925 TE28
      1,015 words
    • Article, Illustration
      Stalin's muffled last hurrah
      672 21  -  LETTER FROM GORI By Francis Clines SERGO Tshaudobavi cracked open the door into the dead museum, eerie as a pillaged tomb, and pointed towards a bit of glint in the darkness over in the comer, the barely enduring smile of Stalin. "There is Stalin," said Tshaudobavi,
      672 words
    • Article
      MONEY CHANGER RATES
      153 21 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4820 1.4520 Canadian dollar 1.6030 1.6230 NZ dollar 1.0800 I.I 100 Sterling pound 3.0550 3.0850 US dollar 1.8730 1.8830 Load dollars to 100 units of foreign currency Austrian schilling 15.30
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      90 21 Duration Title Venue Organiser Td Apr 24-28 Exhibition of the Belgium Foire Intemati- (32)2/*****77 Applications on ale De of Synthetic Bruxdles Materials A S B L Composites Apr 25 Zimbabwe Zimbabwe Zimbabwe (263)9/***** May I International International Trade Fair Trade Fair Duration Title Venue Organiser Td Apr
      90 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      47 21 TADAXTTA II I I II I II I Airport at 21:55 houn and arriving at Inter B. I J I J I I Peanon Internal iooai Airport the following day. Gill your trivet agent or Air CdUiduU Ml 712IJJJ. A Breath Of Fresh Air r Air Canada
      47 words
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      Page 21 Advertisements Column 2
      71 21 Retiremc nt Pt»m fo« This book describes a retirement plan, covering all aspects: mental attitude, finance, health, living arrangements, work-paid or voluntary and leisure. It offers you a bluepnnt for the change of your life The secret is to prepare yourself for it, and it is not too early to
      71 words
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      Page 21 Advertisements Column 3
      523 21 fl £TI EAST LEVINGSTON II Ql SHIPBUILDIIMC LTD II FELS (Incorporated in the Republic of Singapore) 11 1 1 Notice of Annual General Meeting I 11 NOTICE IS HEREBY GIVEN that the 24th Annual General Meeting I II of the Company will be held at the Board Room of the
      523 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      186 21 28 Retiring one an islander (6) Juliet) (9) 29 Carol's after a soft vegeta- g Stop taking the coach in, vcctcdhavc cai iitiam ble which is satisfying (9) as 21 lays down (9) YESTERDAY S SOLUTION 30 Stagger the rag-and-bone 14 A f e ine ki n er (9) man
      186 words
    • Miscellaneous
      Page 21 Miscellaneous Column 2
      209 21 Singapore Outlook: Showers over several areas in the afternoon Report: Max temp. 34.4T Assoc humidity 60% Min temp. 25.5"C Assoc humidity 98% Hrs of sunshine 7.75 Rainfall in mm nil Rainfall this mth 50.8 mm Rainy days this mth 9 World report Asia-Pacific Hi/I.o* Cond. Auckland 22/17 Fair Bangkok 39/28
      209 words
    • Miscellaneous
      Page 21 Miscellaneous Column 3
      65 21 l:AfagM;sß!fclßS!l A CPvH'T IT, I TOLL A3. wiTiau stress g>R\ST<>>>- NOJ'f?e OGG»JNiHG L6.BVC. Me PiLON£... J A to Get on my NCRves tHrs v GET OFF mV BACK CLASSIC CASE-.... O©9£SSOH you HMS: torm sTfc£SS/. > >/ 1 5 y A v. n/ 38 VZz NjbUC V_J—, I OFF nne.
      65 words
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  • Article, Illustration
    Lock icon Poehl at odds with Bonn over monetary union
    502 22 Reuter BUNDESBANK President Karl Otto Poehl has distanced himself from the Bonn government in the heated debate over monetary union, saying its offer to East Berlin was at the limit of what West Germany's economy could tolerate. The government has offered to
    Reuter  -  502 words
  • Article
    Lock icon France and Germany refine plan for European union
    283 22 AFP PRESIDENT Francois Mitterrand of France and West German Chancellor Helmut Kohl have refined aspects of their project for European political union, putting the accent on co-ordination between their two countries and help for East Germany, during a two-day summit meeting in
    AFP  -  283 words
  • Article
    Lock icon US protectionist policy under fire
    378 22 AP "BAD TRADE POLICY"" favouring American producers over consumers costs the US public more than US$6O billion a year, says an anti-pro-tectionist lobby. Voluntary import quotas, which are not really voluntary, and continued US sugar import quotas and support of the Multi-Fibre Agreement on textile
    AP  -  378 words
  • Article
    Lock icon KL, Belgrade sign tax accord
    119 22 Bernama MALAYSIA and Yugoslavia have signed an agreement to avoid double taxation, which is expected to enhance bilateral economic relations and promote private sector cooperation. The agreement was signed on Tuesday in Belgrade, according to a Wisma Putra statement issued in Kuala Lumpur yesterday. It
    Bernama  -  119 words
  • Article
    Compaq expects to double output
    337 22  -  By Pang Hsiao Chung COMPAQ ASIA expects to double its Singapore output by year's end, despite the slow growth in the electronics industry. But the personal computer company, which makes printed circuit boards (PCBs) in the Republic, has decided that it will not start computer
    337 words
  • Article
    Lock icon Kaifu plans to overhaul electoral system
    310 22 Reuter PRIME MINISTER Toshiki Kaifu yesterday embarked on a course no post-war Japanese leader has dared to take overhauling the country's cash-driven electoral system. Mr Kaifu, riding a wave of popularity with polls showing a 56 per cent approval rating, decided to move after
    Reuter  -  310 words
  • Article
    Lock icon US bases should stay till 1998: Ramos
    165 22 AFP PHILIPPINE Defence Secretary Fidel Ramos said yesterday that US military bases in the country should be gradually phased out until 1998 as local troops are not yet fully capable of protecting the country. Stressing that he was stating a personal opinion, the
    AFP  -  165 words
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      77 22 ~]!\]}~??%:^<^(=*~~":{]+=<|[=[( m i j| GERRUTIIBBIITUM39 MEN'S BOUTIQUES 83UQITUO0 B'tfHM #01-15 The Paragon, Orchard Road Tel: 235 %55 #02-54/60 Wisma Atria, Orchard Road Tel: 734 9360 #01-45 Forum Galleria, Orchard Road Tel: 733 1882 LADIES' BOUTIQUE HUpITUOfI '23IQAJ #02-61 Wisma Atria, Orchard Road Tel: 733 1886 Cerruti 1881 Corners in Kuala
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      47 22 Precision v mastery since 1775 osre<Mua£Q i I IS THE NUMBER TO CALL WHEN J YOU WANT TO RENT M A CAR WORTH YOUR WHILE.^ WBSBBKM Jmrii ■BMX O 8 AB CAR RENTALS PTE. LTD. 19 LENG KEE ROAD SINGAPORE 0315 FAX: *****80 TELEX: RS ***** JEEVES^j
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  • Shipping Times
    • Article, Illustration
      Steamers maps out goal for total transportation
      455 23  -  By Elaine Koh AFTER BEING listed for just over a year, shipping group Steamers Maritime has mapped out its goal to be a leading total transportation company covering land, sea, air. Steamers, which was hived off from the Straits Steamship group, will carry
      455 words
    • Article
      W Bengal finalising Calcutta and Haldia port projects
      341 23  -  From Julie Chatterjee IN BOMBAY TWO JOINT projects with the private sector for better shiprepair and shipbuilding facilities at the ports of Calcutta and Haldia are being finalised by the West Bengal government. Worth Ssl4o million, they comprise a shiprepair complex at
      341 words
    • Article
      New ships may cost industry up to US$200b
      158 23 THE SHIPPING industry will need US$l5O-US$2OO billion to finance newbuildings in the *****, predict accountants Moore Stephens. Senior shipping partner Paul Powell, said a Seatrade Week report, believes that up to 300 additional or replacement VLCCs will be required by the year
      158 words
    • Article
      Hanseatic, Wescol may employ Soviet seafarers
      278 23 TWO OF THE world's largest ship managers, Hanseatic Shipping and Wescol, appear poised to solve some of their crew shortage problems by employing Soviet crews. Cyprus-based Hanseatic has started a two-ship experiment with Soviet crews the first foreign ship operator to do so while
      278 words
    • Article
      Foreign lines angered by continued detention of boxes
      272 23  -  From Al O Labita IN MANILA FOREIGN shipping lines in Manila are up in arms over the Customs Bureau's intransigence to free some 600 "detained" containers. "Our inability to utilise the containers has already cost us money and lost business opportunities," a
      272 words
    • Article
      Johor expects surge in palm oil throughput
      426 23  -  By K Vara HEFTY increases in palm oil throughput up to four million tonnes a year are expected by Johor port, making it a major transhipment centre of palm oil in this part of the world. Johor Port Authority (J PA) general manager
      426 words
    • Article
      Chartered freighter service to East Europe introduced
      228 23  -  By Jayaram Menon AIR CARGO capacity to Eastern Europe has received a boost with the introduction of a chartered freighter service by Malev Hungarian Airlines. The flights are non-sched-uled but Malev's local general sales agent, LAS Air Express Services, hopes that with more
      228 words
    • NEWS SUMMARY
      • Article
        Hitachi wins orders for two VLCCs
        75 23 JAPAN'S Hitachi Zosen Corp has received orders worth 26 billion yen (US$l64 million) for two 280,000 dwt very large crude carriers, one each from New Dynasty Shipping Of Liberia and Greece's Arosa Maritime. The two supertankers, each with a transport capacity of two billion
        75 words
      • Article
        Club Med seeks new air routes
        77 23 CLUB Mediterranee would seek approval for new air routes for the Minerve charter airline in which it took a 50 per cent stake earlier this month for a total of 90 million francs. Club Med chairman Gilbert Trigano said that Minerve would apply this
        77 words
      • Article
        When East and West meet
        39 23 AS the world's most global businessmen, shipping executives in the East and West still encounter many painful cultural clashes along the way. These are easy to define but more difficult to overcome Page 2
        39 words
      • Article
        American the first carrier using codes
        26 23 AMERICAN Airlines is apparently the first US passenger carrier to start using bar codes for its cargo operations Back Page
        26 words
    • LOG BOOK
      • Article
        GE gets US$60m order from Emirates Airline
        72 24 GENERAL ELECTRIC CO says Emirates Airline, the state airline of Dubai, has placed a US$6O million order for GE engines to power three new Airbus jetliners. Emirates Airline operates a fleet of three jets powered by GE engines and has ordered three more
        72 words
      • Article
        Operating loss at Emery
        125 24 CONSOLIDATED FREIGHTWAYS INC said that its first quarter loss of US$l.O6 per share stems from an operating loss of U5569.5 million at its Emery Worldwide air freight unit. "We remain focused on further increasing business levels and reducing Emery's losses," said Lary Scott, chairman. The company
        125 words
      • Article
        Exxon report on beaches
        158 24 EXXON CORP WILL TODAY submit to the US Coast Guard its report on the state of Alaskan beaches damaged by the Valdez oil spill and how the company intends to finish cleaning them up, company executives said. "We will submit to the Coast Guard the specifics
        158 words
      • Article
        Damage at Hodeidah
        88 24 A RUSSIAN RO-RO VESSEL, the Donetsk which was berthed at Hodeidah, Yemen, dragged its anchors during very strong winds and a sandstorm on April 24 and contacted the Iraqi vessel Shams al Basrah, causing some damage, Lloyds Shipping Intelligence Service reported. Damage was also reported to quayside
        88 words
      • Article
        Amoco signs natural gas pact
        82 24 AMOCO CORP's Amoco Energy Trading Corp has signed a 10-year agreement under which Natural Gas Pipeline Co of America will ship up to 250 million cubic feet of natural gas a day for Amoco. The pipeline will transport the gas to the Texas and Louisiana
        82 words
    • Article, Illustration
      When East and West meet
      1903 24 As the world's most global businessmen, shipping executives still encounter many painful cultural clashes along the way. These are easy to define out more difficult to overcome. Seatrade Business Review talks to executives in the Far East and Europe. IF YOU ARE looking for shipping
      1,903 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      525 24 DeraityNatsf Carbon Residue Ash A! unmrn Sediment Cation OemttyWater Residue Ash AkaiMan Utmmk KG/M*3% V/V MM M/M PPM M/M Exxon method KG/M*3% V/V M/M 1 M/M PPM M/M Exxon method BO/Canic bnrts Spec E25 Spec G35 ***** ***** iff 010 015 30* 30* 010* 010* Eastern
      525 words
    • Article
      THE SHIPPING GUIDE
      12520 32 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,520 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        655 39 Vmd toy No Berth Arrival Departue Kappd Wharves Handy Prince 14 K34 alongside 30 04/ 0700 Iran 080 IE K29 alongside 26.04/ 1300 Kanutemett 2£ K30 atongsrte 27.04/ 1830 Kap S*n llSb K33 alongside 26.04/ 1730 Kota Seiab E 848 K32 alongside 30.04/ 0600 Motovun 2/90 K31
        655 words
      • Article
        CONTAINER SCHEDULE
        1765 39 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Transtainer SchedJes Sty Voy No An Date Time From To Bookint Gate Op Anson *****N 28.04.90 0700 27/0900 27/0959 Portnet 2 N4 00 F05 27/1945 27/2044 Doc Rm 2 Anes 109N 28.0490 1200 27/1815 27/1914 Portnet 2 Q6 00 F05
        1,765 words
      • Article
        IN MALAYSIAN PORTS
        275 39 Port Klmg South Port Power Venture berth 1; Aditya Vaibhan berth 2; Sparkle Moon berth 3; Trans Bulk berth 4 KCT: Um Master berth 8; Anson berth 9; Perkasa berth 9, Liverpool Bay berth 10. North Port Rainbow Splendout berth 11; Koki Maur berth 12; Yehcia berth
        275 words
    • Article
      DAILY FREIGHTS
      883 39 DRY cargo freight rates continued to decline on Wednesday with both the grain and coal sectors looking weak. A 100,000 long ton cargo of coal was booked from Hampton Roads and Richards Bay to Japan at US$l3.OO which led to a downward revision to the Baltic Freight Index
      883 words
    • Article
      Lock icon American the first in bar coding cargo
      466 40 Journal of Commerce AMERICAN Airlines is apparently the first US passenger carrier to start using bar codes for its cargo operations. Bar codes are black and white-striped rectangles that can be read almost instantly and virtually without errors by computer-controlled scanners. Use of
      Journal of Commerce  -  466 words
    • Article, Illustration
      The pilot, not the plane, was at fault: Airbus
      322 40 Reuter PILOT ERROR caused the crash of an Indian Airlines Airbus A 320 which killed 91 people in February, a test pilot for planemaker Airbus Industrie. "The crew did not comply with normal procedures on the landing approach," said S Gordon
      Reuter  -  322 words
    • Article
      Venezuela plans to boost oil output to 3.5m barrels a day by 1995
      373 40 Reuter VENEZUELA plans to boost its oil production capacity to 3.5 million barrels a day by the end of 1995 and is inviting major US oil companies to return for the first time since it nationalised the
      Reuter  -  373 words
    • Article
      Bahrain joins UAE in rejecting Aussie sheep
      177 40 AFP BAHRAIN has joined the United Arab Emirates (UAE) and Saudi Arabia in rejecting a cargo of Australian sheep that, according to Saudi authorities, are infected with mange. The Bahraini ban was announced by Agriculture and Trade Minister Habib Ahmad Qassem. Mr Qassem,
      AFP  -  177 words
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      144 24 I UPGRADING OF SINDBAD SERVICE SINDBAD LINES HONG KONG is pleased to announce the further upgrading of its common carrier feeder service between Singapore and Madras by inducting a third feeder vessel "MELISA" of 207 Teu capacity. This third vessel would enter the Singapore Madras Sindbad Lines/ Macoline joint service
      144 words
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      1930 25 supping limes, many JAROINE SHIPP'NC AGtNCKS till## 200 Cantonment Row! #12 05 Soothpcxnt, Singapore 0208 \IVIF/ Te4 *****11 TELEX NO TERMINAL/CFS Tel *****18 220 BOOKINGS T«< *****34 235 LWJ KSAKA JARDINE SNIPPING AGENCIES SDN BHD PORT KELANG TEL: *****18 TELEX NO. MA*****/MW9701 PENANG TEL *****4 TELEX NO MA***** CFS TEL
      1,930 words
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      Page 25 Advertisements Column 2
      1188 25 INDEX Page Col (o1 Lucky Seaway 15 3 1 J Lykes Lines 5 3 ABC Containerline 13 5 aT Accord Shpg 8 3-5 Bu Albatros Sea-Air 14 5 Mac-Nels Agencies 14 1/2 Alfred C Toepfer 15 5 Macotine 14 1/2 Ahrenkie! Liner 16 5 Madju Sdn Bhd 16 1/2 APC
      1,188 words
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      Page 25 Advertisements Column 3
      2247 25 A 1— 1 V Vhhi Voy ETA I ETD "Port 'Paoang 1 DESTINATIONS Singapore Kalang t TTMa M«t Margra«<a M 9004 Faadar by CFS »4 <>^OO, MRS Mwo 4 OAK LOB HOU MEM ATL MIA CHS BAL PHL NYC MOW TOP J MARGRETHE M 9004 1/S 2/5 Sw [?8M 19/5
      2,247 words
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      Page 26 Advertisements Column 1
      916 26 W PTE LTD ON SATURDAY, 28 APRIL 1990, WE WILL BE MOVING TO: 17, UPPER CIRCULAR RD #02-00 JUTA BUILDING SINGAPORE 0105 OUR CONTACT NUMBERS ARE: TEL: 534-0456 221-0108 (SALES/ BOOKINGS) FAX: 534-0040 TELEX: RS ***** trans pacific service i X3T WEEKLY FULL CONTAINER SERVICE ITO USA I SIW I
      916 words
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      Page 26 Advertisements Column 2
      579 26 SOUTH PACIFIC SERVICE SIN PO«l LAE SUV PPT IRINI 25/4 6/5 8/5 15/5 20/5 DIRECT CHILE SERVICE SIN IQQ ANF VAP THO IRINI 25/4 29/5 1/6 4/6 6/6 JOHORE: 07 *****1 PENANG; 04-*****7 NORTHBOUND TO UKC S PORE IRDM/A'DAM HBC HULL(U.K CLYDEBANK V.2SN 1«/S 14/S 18/ C 21/1 TAMAITAI SAMOA
      579 words
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      Page 26 Advertisements Column 3
      1465 26 QmBA«BA&I>S REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN CLM VLT PRS ALG BCL FEL HAM BRE ROT ANT LHA (VIA (VIA (VIA VLT) HAM) NT) NORASIA SHARJAH 9006-3 2S/04 02/05 14/05 1805 19/05 21/05 23/05 25/05 2605 27/05 29/05 NORASIA MUBARAK 9009-3 06/05 10/05 23 05 27/05
      1,465 words
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      Page 27 Advertisements Column 1
      691 27 ta SABRE I VESSEL/VOYAGE IMPORT EXPORT SYD MELB SGP BKOK SGP SYD MELB INNOKENTIY KOCHNEV VOO7 Sailed Sailed 08-09/05 12-13/05 14-15/06 28-30/05 01-02/06 MEKHANIK VOLKOSH VOOB 06-09/05 11-13/05 26-27/05 30-31/05 02-03/06 16-17/06 19-20/06 INNOKENTIY KOCHNEV VOOB 28-30/05 01-02/06 14-15/06 18-19/06 21-22/06 05-07/07 09-10/07 MEKHANIK VOLKOSH VOO9 16-17/06 19-20/06 03-04/07 06-07/07
      691 words
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      Page 27 Advertisements Column 2
      1424 27 TO: EUROPE TO: FAR EAST SP LM ROM HAH B HVN FLX SPORE HK KM KM IU I HANJIN ROTTERDAM OOW W* lift 17/5 llff W Ofi HANJIN FELIXSTOWE 001E iff *rt 7ff 10/5 I CHOYANC CHANCE 047W 5/5 2Jff 2lff 25/5 27/5 2lff CHOYANC PA*K 007E Iff W W
      1,424 words
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      Page 27 Advertisements Column 3
      26 27 REGULAR SERVICE TO KARACHI S PORE LOADING FOR TBN 17/5 KARACHI m innrmr mwm mt.y. twhbfoftaton oo pit) lid. t* an Ttc m swti KK M
      26 words
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      Page 27 Advertisements Column 4
      391 27 STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST IN RO-RO HEAVY LIFTS: I VESSEL ASEAN ASIAN COSMIC SEKI I TRADER STAR PIONEER KOCHI I VOY. NO 1 112 5 79 I S'pore 29/4 5/5 8/5— I P. Kelang 2/5 2/5 5/5 12/5 I Penang 1 Hong Kong 1 Yokohama 19/5 22/5 I
      391 words
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      591 28 MWAfMi IJtStNfc CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE VStJVOY S'POR£ R OAD/ H'BURG BREMEN ANTWERP ADAM MTARAJV2SOT 38/4-3/5 10* 2£ IMS BAAB UILAH/22W8 g-M 25?* 1/7 4/7 7/7 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO to Muomnt Alm cwbo to CMMra, Port ttd, Port Atannfrta, Qanoa, Trtwto. ALSO ACCEPTING BOTH
      591 words
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      Page 28 Advertisements Column 2
      660 28 SHIPPING FULL CONTAINER SERVICE Film FEEDER VSL SIN UNE HAUL LAX OAK 21/4 16/5 17/5 11/5 B*s 21/5 HAJUIN FELIXSTOWE SUE 29/4 H. BUSAN 1«E 25/5 27/5 5/5 23/5 24/5 2V5 27/5 21/5 CHOYANG PARK WK 7/5 H. POHANC ME 1/1 Ml 12/5 30/5 31/5 lit W 4/C HANJIN OAKLAND
      660 words
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      Page 28 Advertisements Column 3
      64 28 fi-IW SOON KIAI SHIPPINI PTE LTD 3 SHENTON WAY #20 05 "06 SHENTON HOUSE REGULAR SERVICE TO SARAWAK A BRUNEI SPOM Kbju Yong Hua OMO Bmtutu/Wn/K Bclait Sri Pujut 07/» Bintutu/Wfi/K BtUit 30/W Swm Ann Situ 02/90 Port Kalanf 30AM R«c*ivin| cargo at Paair Panjanf P2 Accaytmc FCI and r—itr
      64 words
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      Page 28 Advertisements Column 4
      1189 28 i■ j Tjii n~nm I™ ?tSSSS:3SSf»*|«I EVER GIFTED tfi »/5 1W 14/5 U/5 21/5 23/5 2V5 21/5 22/5 V ,S, fSSSS. i:s is SS SI "S 'U a^ ?s!SSl!|s|»| EVER GLOBE M/ 5 2*5 W a INU/513/515N1INU/721/7 HP up VI7 ALSO ACCEPTINC CARGO TO I u PtOOTOWCt mum. savanna* mston
      1,189 words
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      1291 29 supping rimes, many Apru gi im NEPTUNE AGENCIES PTE LTD SINGAPORE R OK?N6S^ 7 QUimES? UK/EUROPE SERVICE *****19 AUST/INOIA/PAK SERVICE ***** 8 B USA SERVICE ***** 6 FAR EAST SERVICE *****48 DOCUMENTATION: *****44/*****14 WCM (WWJ(;n TERMINAL *****22 CFS: M 2 IMPORT: *****69/*****50 lKminal. export *****53/*****04 NEPLINE SDN BHD MALAYSIA l
      1,291 words
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      Page 29 Advertisements Column 2
      1127 29 SINSQV n SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (regUlAPi IKI&EPEfsI&gKIT SEhviCEi DISCHARGING FROMJMIBOUND LOADING FOR WESTBOUND ytatu vQT*tt |SWK mow wtta SPORE PKLAIW mm rwAKOi TUDRT ROTT AUKRP K MKLOVtKIT BOD SU
      1,127 words
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      951 30 JSEEQ3. VOY *INDO 'PK/PNG fsCP LB CHLS NFK NYC HFX OOCL FRIENDSHIP H 2S/4 26/4 21/4 21/5 31/5 2/6 4/6 8/6 OOCL FORTUNE 20 7/5 1/5 10/5 2/6 12/6 14/6 16/6 20/6 AMBASSADOR BRIDGE 28 14/5 15/5 17/5 9/6 19/6 21/6 23/6 27/6 NEPTUNE JADE 24 25/5 26/5 24/5 16/6
      951 words
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      Page 30 Advertisements Column 2
      884 30 lETD SIN (1 DAY) l_ +{10AV) *< IDAY > RANPJcnK I MEN A 30/04/90 P°RT KELANC PENANG BANGKOK JACQUELINE TWICE/WKLY BOOKING. CONTACT w "I 29/04/90 HONG KONG KAOHSIUNG KEELUNG JOYCE/JUDY TWICE/WKLY 29/wST BUSAN MANILA NAGOYA SERENE/SITI TWICE/WKLY ■fi> aiu 1 rt a <« rjiy\ booking, contact ETu SIN raoAYS) ♦POAYSI
      884 words
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      Page 30 Advertisements Column 3
      606 30 /k?vl GOLDEN LINE A GUAN GUAN SHIPPING (PTE) LTO l JlC X 4 23, Tetafc Aver Street SINGAPORE 0104 1 mTs343* (10 LINES) Far *****84 (CR No. IBIIJ-iiOOOMT) STRAITS/PERSIAN GULF SERVICE: S>« P. iwem QOLOEN BEAR Catant»vH*f»dii/W» JM "n QOLOCN HARVEST Cotanbo/KjndWDubai 2NM May CHINA SERVICE DAI TUN SHAN Huea®u/Titf*ou
      606 words
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      1504 31 PACIFIC INTERNATIONAL LINES (PTE) LTD M Jfep P<L Building, 140 Cecil Street *0300, Singapore 0106. VESSEL VOY SIN J'KT SIN VESSEL VOY SIN BKK WW OCLTA MAS IS2S as/4 1/S S/5 PEGASUS PROGRESS SI4N 20/4 2/8 M IDEM mi 29/4 2/S S/S PfOAtUI PIONEER TBN 1/1 W S/S KOTA MELATI
      1,504 words
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      Page 31 Advertisements Column 2
      1016 31 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** VESSEL |VOY SPORE P.KLANG SHAMPTON HAMBURG BHAVEN ROAM LHAVRE Largs Bay 20/549 Saited Sailed 15/5 19/5 21/5 17/5 23/5 London Express 11/552 3/5 4/5 22/5 24/5 26/5 City of Edinburgh 89/551 3/5
      1,016 words
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      Page 31 Advertisements Column 3
      285 31 MYANMA W* FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kelang Pen Bkok PAGAN VISSW 21/27 AM PATHEIN VIOIW 25/30 AM MYOMAYWA VI26W a APR/1 HAY 25-a AM 2124 AM MERGUI V 99* V* MAY 7/M Itoy DISCHG ONLY HPA-AN VI49W 1/7 MAY MTONEYWA V255W 1/7 MAY
      285 words
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      Page 34 Advertisements Column 1
      718 34 INTEGRATED CONTAINER SERVICE It WIDER Of EACON SERVICE I TO UNITED KINGDOM NORTH CONTINENT EUROPE I* OUTBOUND SIN FIX ME RDM ANT HBC RST II A W. ULBRICHT 4/90 Ufi 24/5 24/5 25/5 270 L PANAMA SEN WFU2 12/5 550 M 0 M 0 050 090 l[j T. WENDA 5*
      718 words
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      Page 34 Advertisements Column 2
      1241 34 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT padang/pk. balam semarang/ panjang/cigading/bengkulu I VSL ETA ETO LOADING FOR Ipr rONGCHUAN 3*l N«*r4""/AMw» DELI I NOAH 214 JO 27.4.90 PK BALAM V fANGCHUAN 2*4 NA6A JA y A n 25.4.90 PANJANG a,- LYC LAKNM JAYA 25.4.90 PANJANG Jl ™ST nn W4 MM
      1,241 words
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      Page 34 Advertisements Column 3
      511 34 OSEIDON CONTAINER TRANSPORT GMBH HAMBURG RANS-SIBERIAN CONTAINER SERVICE SOTRA GENERAL AGENTS ACCEPTING ALL FCL LCL CONVENTIONAL CARGOES >FCH»WISTAnI Hairaton, Tourghundi, Kabul, Herat, Mazar-1-Sharif, Mashad, Kushka IRAN I: Djulfa, Astara MA ILYICHEVSK [TD SINGAPORE 5/5, 12/5, 17/5, 23/5, 28/5, 5/6 EUROPE 1 :To all inland points: fIA VOSTOCHNY Poland, Bulgaria, Czech,
      511 words
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      Page 34 Advertisements Column 4
      406 34 Ag^C?U^^BKK(TenB7CT^^^ soi mm Fri nw g*_ jim bhum* «w s* nn tm» __jg_ hya bhum am Sit m* t» MAM* MUM 07W Thur Iff Sit jg_ MEKHAWIK KUMKO WW Fri 4/5 Ml V&_ SIWI MUM 445W Fri 4/5 Ifi PIYA BHUM 223W Sat 5/5 Tm V*_ JIM BHUM* WW Sat
      406 words
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      Page 35 Advertisements Column 1
      1060 35 (Conventional Service) ETA S PORE LOADING FOR BANGLAR PROGOTI Sid S.KOREA/JAPAN BANGLAR SWAPNA 10/5 CTG., MONGLA ETA S PORE LOADING FOR A VSL In Pt Port Suez/Port Said/Alexandra I EAST MALAYSIA SHIPPINS HIT. |PTI| LTB 41-A AMOY STREET, S PORE 0106. TEL: *****18 (4 LINES) TELEX NO. EMVES R*****9 SINGAPORE
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      Page 35 Advertisements Column 2
      192 35 VESSEL IVOY ETA [LOADING FOR SPOffE ANDINET 19WB 10/06 DABESSALAAM. MOMBASA. OJWOOTI ASSAB MASSAWA HOOEIOAH ABYOT 21WB 15/06 DAHESSALAAM MOMBASA DJWOCITI ASSAB MASSAWA. HOOEIOAH H KIEN HUNGHNE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH FCL/LCL CARGO Vessel Voy Spore P Louis Durban Johannesburg POOLGRACHT PCO3S
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      Page 35 Advertisements Column 3
      616 35 MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED- DAY SCHEDULE BETWEEN THE PORTS OFTRJRE. INDONESIA, MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNC AND. BKK FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN PUL SENTOSA 34S
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      Page 35 Advertisements Column 4
      664 35 IEEISB BAY OF BENGAL SERVICES MADRAS CALCUTTA lEISELI WT VM HAA SIM LEUVE 9123 WWW LEUVE 1124 lt/5 24/5 05/4 LEUVE 1125 BKB 100 210 LEUVE >126 210 260 07/7 DANISM HAG TEAR BUILD IJBJ VESSELS VOY SIN CCU SIN SUPER EIGHT 021*10 SID 03/S 10/5 SUPER EIGHT 03*10 10/5
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      Page 35 Advertisements Column 5
      366 35 TO AUSTRALIA/NEW ZEALAND 55 |tl^lil)Fr— |A«*l— |0— C. VEROUM MOH *5 U/S LVS art W wrr*mii xT ujj w w tw H twt exkos tm 1i Dm m S* a* w t HUOM 29 a/» M V 7 m ii*7 W7 J> 1* DATS TO BTDNKT! TO USA/CANADA > 55
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      1134 36 M -mC-NELS BINBAPOBEI arear til aetea 11 iwear Ttt ttiMM fII'PENANQ TEL: (04) *****6 ||KK TEL: (068) *****0 TAWAU TEL: (069) *****9 KELANG TEL: (03) *****77 MKUCHING TEL: (062) *****3 SKAN TEL: (069) *****2 -iv -/\~*-|U. BAHRU TEL: (07) *****2 ||siBU TEL: (064) *****2 LABUAN TEL: (067) *****9 CJ\y \ZJ
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      Page 36 Advertisements Column 2
      332 36 IftCfc BLUE STAR LINE llliy^^ r SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PO RT CHALMERS ACCEPTING PCL *LC L AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. AUCK ITT ptnufCT OtS 30 Aar 13 May Vll
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      Page 36 Advertisements Column 3
      1103 36 MM THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) MP Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA I SINGAPORE TO SABAH fig Im Im una \wi |ni libt KIM SOON LI 17/90E 29 APR PENANG
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      719 37 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* A OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Panang* P. Kalang* Singapore KAMALEVERETT Gdn.K3o/27 Apr THOMASEVERETT 2/4 May SHAPUEVERETT 20/22 May tfjgV "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING
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      Page 37 Advertisements Column 2
      653 37 FULL CONTAINER SERVICE accagtmg .FCL/LCL earyaa N MA Eaat A Watt Cm it, Carrlbtoaan.Eaat Canada, HAITI. Guatemala and llmakrat VSL IS'PORE MAINLINER |LAX |KST ttAV [NYC !HfX~| ZIM SINGAPORE 4/5 ZW LIVORNO 31/5 U2A 1W I*A ZW PIRAEUS 7/5 ZW GENOA M 1W P* DA A. VESSEL L 2/5 ZIM
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      Page 37 Advertisements Column 3
      727 37 SING KWANG HANGI MMH A TIIAMPONTATIOM (FTt) LID WEEKLY LCL/FCL SERVICE VESSEL SPORE JAKARTA SURABAYA JENLINK 26/4 29/4 JENWEL 30/4 I I 3/S VESSEL S PORE I BANGKOK A VESSEL 28/4 2/5 A VESSEL I 3/5 I 6/S DESTINATIONS ETA SWQAPORE PORT KELANG 4 MAY MANILA 1 MAY HONG KONG.
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      Page 37 Advertisements Column 4
      478 37 r» PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE JAKARTA SURABAYA PELOPOR 939 28/4 01/5 PRASETIA 89A 02/5 05/5 PELOPOR 940 05/5 06/5 PRASETIA 91A 09/5 12/5 TANTO UTAMA 71 28/4 1/5 TANTO UTAMA 73 5/5 8/5 TANTO UTAMA 75 12/5 15/5 TANTO
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      Page 37 Advertisements Column 5
      352 37 ©I US MUAU 29/4 KEELUNG/KAOHSIUNG 29/4 BANGKOK 27/4 MANILA 28/4 JAKARTA 28/4 PORT KELANG/PENANG 30/4 BUSAN 30/4 TOKYO/YOKO/KOBE 30/4 HONG KONG also accepting cargo to Huangpu/Shenzhen Fuzhou' Xiamen/Xingang/Shanghai lifi UMTI/U 28/4 LDN/FLX/LVP/SOU 28/4 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgana/Czech. SIN USA/CANADA 4/5 L.A./NYC/SFO 4/5 VANCOUVER/TORONTO/MONTREAL SIN AMITMLIA/MEW ZEALAHI
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      Page 38 Advertisements Column 1
      469 38 transintra shipping (Singapore) private limited Carp bookings Tel: *****88 (5 LINES) TBN END MAY HKG, KAO, POHANG FROM ALL UNITED KINGDOM CITIES/PORTS FROM COPENHAGEN/AARHUS FROM HAMBURG/BREMEN FROM BUSAN FROM LOS ANGELES/ALL USA IPI POINTS PLATOU PACIFIC Y 1 SHIPPING SERVICES REGULAR FAR EAST M. AMERICA BREAKBULK SERVICE OWNERS' REP OFFICE
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      Page 38 Advertisements Column 2
      246 38 VSL DESTINATION ETA SIN PIYA BHUM 222N BANGKOK 21/4 MAHA BHUM 07N BANGKOK 3/5 SIRI BHUM 445N BANGKOK 4/5 PIVA BHUM 2S3N BANGKOK l/S SO ORIENT CEBU, MANILA AKA BHUM lIS CEBU. MANILA 4/5 INFINITY 510 CHITTAGONG, MONGLA 30/4 O SINCERITY 22A KARACHI. BOMBAY V 5 VEGA 13A KARACHI. BOMBAY
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      Page 38 Advertisements Column 3
      305 38 /JPMADKRIS BUSINESS CORPORATION PHIUPPINE DIRECT REGULAR SERVICES TO MANILA ft BISLIG ACCEPTING CARGOS TO ALL PHILIPPINE PORTS ON INDUCEMENT ALL HEAVY LIFT WELCOME. M.V.'DAGOHOY* 05/90 SAILED ILI6AN/BISLI6 TBN 29TH APRIL MANILA TBN 4th MAY MANILA/ILIGAN M.V.'DAGOHOY' 06/90 15TH MAY BISLIG/MANILA general ACT CALSOURCE SHIPPING TRADING PTE LTD. (3 ROBINSON RO.
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      Page 38 Advertisements Column 4
      510 38 J LCL/FCL SERVICE TO/FROM QfjO PENANG KL: allied-LINK SINGAPORE: /fTf\\ jtfflgL 04-*****2 03-*****55 778 0522(22 lines) ttEfi MartM Oof Mm* RbWoMMo CMm ANm YeoHMMer Y« I s I Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) WEEKLY CONTAINER FEEDER SERVICE VESSEL VOY S'PORE JAKARTA EDEN 9011 29/04 02/05
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  • Page 39 Miscellaneous
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      Page 39 Miscellaneous Column 1
      549 39 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUt 0000 0100 0200 0300 0400 0500 0(00 0700 0100 ************************************************************ R 30 2.7 2.1 14 0.8 0.4 0.2 0.2 0.5 1.1 2.0 2.6 2.8 2.8 2.5 1.9 1.3 0.9 0.7 0.8 1.1 1.7 2.5 3.1 pp 30 2.7 2.2 15 09
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      Page 40 Advertisements Column 1
      221 40 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG SHALAMAR 13-15/4/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 2-5/4 6-8/4 9-10/4
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      Page 40 Advertisements Column 2
      458 40 MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKC SIN HYUNDAI CHALLENGER BE 27/04 03/05 21/05 24/05 27/05 IAtAJJWA 2 mas IMB HYUNDAI INNOVATOR 32E 04/05 10/05 28/05 31/05 03/08 HYUNDAI CHALLENGER 32W 17®5 HYUNDAI EXPLORER
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      Page 40 Advertisements Column 3
      336 40 CHARTPOINT Every Saturday in Business Times UK/CONTINENT (TRIO) u—™- I'S" "rig- srr. rssj—■■(■ gg* II 11% i I i H||H MEDITERRANEAN (MED CLUB)* JEDDAH Smnportl taa Butoru VwiltM Gmm Trmto lONOOH UMtCSS 1W OASIS ALTAI! 2£ W M V V LONOON UP«SS UP MONT KANC MADU lUi W W W
      336 words