The Business Times, 10 February 1988

Microfilm: NL16090
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 WEDNESDAY, FEBRUARY 10, 1968 75 CENTS
    11 words
  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    270 1 Reuter Dow Jones higher BARGAIN HUNTERS lifted Wall Street yesterday morning after four days and 62% points of losses. Investors were encouraged by gains in overseas stock markets, a firmer dollar and a small gain in the bond market But the concerns about interest rates and the
    Reuter  -  270 words
  • Article, Illustration
    Caution ahead of US trade figures
    181 1 SHARE PRICES closed lower on all major Asian exchanges yesterday in lacklustre trading. Institutional investors kept to the sidelines in nervous anticipation of this Friday's US December trade figures. This also accounted for the nervousness on Wall Street. The Singapore stock market saw prices
    181 words
  • Article
    Steady close for US dollar
    165 1 THE US DOLLAR closed steady against major currencies on Asia's foreign exchanges yesterday as most traders stuck to the sidelines waiting for Friday's release of the US December trade data. Dealers said the currency markets expect the US December trade figures to show a shortfall
    165 words
  • Article
    Lock icon Japan's manufacturing sector sees steady recovery
    497 1 AFP JAPAN'S manufacturing companies are underlining their recovery with steady gains in capital investment and profits, according to official and private surveys released yesterday in Tokyo. The state Economic Planning Agency said that investment in plant and equipment by the manufacturing sector is estimated
    AFP  -  497 words
  • Article, Illustration
    Riverwalk Galleria to be sold by tender
    579 1  -  Developer selling retail podium because of debts By LISA LEE RIVERWALK GALLERIA, a fivestorey shopping podium situated along the Singapore River, is to be put up for sale by tender. Premier Realty Pte Ltd, the developer of the project which also comprises a
    579 words
  • Article
    Lock icon Formation of Umno Malaysia is an attempt to revive party: Datuk Rais
    386 1 Bernama Reuter FORMER Malaysian Foreign Minister Datuk Rais Yatim said in Kuala Lumpur yesterday that the move to set up "Umno Malaysia", announced on Monday by Tunku Abdul Rahman, was not aimed at forming a new party but
    Bernama; Reuter  -  386 words
  • Article
    Lion-Nathan merger: commission steps in
    503 1  -  By CORRINA LIM THE NEW ZEALAND Securities Commission is stepping into the controversial merger of NZ brewer Lion Corp with the country's largest retailer, L D Nathan, which is being opposed by substantial shareholders Fraser Neave and Malayan Breweries Ltd. According to Roger Gill, executive
    503 words
  • Article
    Lock icon Takeshita's itinerary
    103 1 AFP JAPANESE Prime Minister Noboru Takeshita is likely to visit Australia, New Zealand and China this year. The Yomiuri Shimbun, a leading Tokyo newspaper, quoted government sources yesterday as saying that Mr Takeshita hoped to be in Australia on July 8 for a "Japan Day'' ceremony in a
    AFP  -  103 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      173 1 The longest ball from tee to green w •> OSPaidinQ IN THr WORLD MeAe/m Marketing Pre Lfti Full report, Pag* 14 Regional mark ate, Paga 16 World mart ate, Paga 17 Thorn hMI Centals You make the presentation, well handle the rest 10CTSony Projection System $800/ day. Ideal for seminars,
      173 words
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      Page 1 Advertisements Column 2
      276 1 FOCUS, Pag* 11 mm A BULLISH NTUC FairPrke has embarked on an aggressive drive to capture a bigger share of the market. HOME NEWS, Page 2 US TRADE FIGURES due on Friday may not match the dramatic 25 per cent drop in the November deficit but they need to assure
      276 words
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      Page 1 Advertisements Column 3
      237 1 I BALLY M U34 r «W-m Wwnlon^M»ng(MwilDUdDTl—lJM U~ XHsawst WMM AS*. Kta«B «•<•« C*M V *****43 Vlkza SmQtpun ***** a.« 2nc IM.MW«IOranO SOOM. W M M. MM UmSquM 3JM(VS "Game improvement begins when confidence is supported by equipment that is built by design for better scores." -JackNtcklaus Muirfield 20th Designed
      237 words
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  • HOME NEWS
    • Article, Illustration
      NTUC FairPrice striving for a bigger market share
      524 2  -  By BOEY KIT YIN A BULLISH NTUC Fair Price has embarked on an aggressive drive to capture a bigger share of the market and to spruce up its image as one of Singapore's leading supermarket chains. General manager Lim Ho Seng told
      524 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      236 2 KARMJIT SINGH is now the general manager of Singapore Airport Terminal Services (SATS) Apron Services. Replacing him as Singapore Airlines' manager of public affairs is Mr David Leo. Before assuming his new post, Mr Leo was assistant general manager (Commercial) of SATS. He first joined SATS, an
      236 words
    • Article
      Seminar on need to plan for retirement
      146 2 A SEMINAR on how to plan for retirement is to be held next month at the Ming Court Hotel. Organised by the People's Association, the seminar aims to create an awareness of the need to plan for retirement, offer tips on how to
      146 words
    • Article
      More flights between S'pore and S Korea
      136 2 AIR AUTHORITIES from Singapore and South Korea have agreed to allow their airlines to raise the number of flights between the two countries. A statement issued by the Civil Aviation Authority of Singapore yesterday said that under the liberalised Air Services Agreement, which
      136 words
    • Article
      Festive season drives up demand for rental cars
      418 2  -  By JEFFREY TSANG CAR RENTAL COMPANIES have seen improving business over the past few months and most of their cars have been booked for the Chinese New Year period. The Lunar New Year is traditionally a boom period for car rental companies.
      418 words
    • Article, Illustration
      Safra Toa Payoh to be renovated
      426 2 RENOVATION plans are in the pipeline for the Singapore Armed Forces Reservists' Association's (Safra) Toa Payoh clubhouse. Plans to upgrade the clubhouse were announced yesterday after the Board of Governors' meeting held at Safra Bukit Merah. The renovations will cost about $3.2 million, said
      426 words
    • Article
      Areas for trade ties with India identified
      475 2 A TWO-MEMBER mission representing India's engineering industry and the Economic Development Board (EDB) have agreed that Singapore and India can cooperate in several industrial sectors. Led by Mr D Srinivasan, director of the Confederation of Engineering Industry, the Indian mission met officials of
      475 words
    • Article
      VITB introduces aptitude test for art course aspirants
      214 2 A NEWLY-INTRODUCED aptitude test at the Vocational snd Industrial Training Board (VITB) now allows artistically-inclined schoolleavers to take up diploma courses as well. According to the February issue of the board's newsletter, VITB News, a student will have to sit for the
      214 words
    • Article
      BG Lee to give lecture
      58 2 BRIGADIER-GENERAL (Res) Lee Hsien Loong. Trade and Industry Minister and Second Minister for Defence (Services), will give a talk on "The Singapore Economy into the *****" on Friday The lecture, to be hekJ at the Hon Sui Sen Memorial Library in Kent Ridge, is organised
      58 words
    • Article
      Parliament sitting
      17 2 PARLIAMENT will tit again on Fab 25 at 11am. tt>a Clark of Parliamant announced yesterday
      17 words
    • Article
      Corrections and clarifications
      46 2 IN AN ARTICLE headlined "DBS Bank's biggest branch' published yeeterday. BT reported that the Serangoon Garden Branch ia the bank's biggest branch. It should have said that the new office is the biggest banking branch in Serangoon Garden We apologise for the error.
      46 words
    • Article
      Tea company diversifies into prepared foods
      455 3  -  By TONG SUIT CHEE LIPTON, which to many is synonymous with tea, is moving into prepared foods. Mr Don Douglas, 48, managing director of Lipton Far East Pte Ltd, said, "Our business is almost entirely tea-based now and we hope to change it to
      455 words
    • Article
      Tokyo to continue technical aid for local productivity project
      342 3 SINGAPORE would continue to receive technical aid for a productivity project from Japan for two more years, National Productivity Board chairman Mah Bow Tan announced yesterday. Under the two-year extension, Tokyo's aid for the Productivity Development Project (POP) will be for
      342 words
    • Article
      MEMO-PAD
      511 3 r Seminars and TtZ Courses Mm* 96 ffl W Feb 23 Certificate In MDIS Training Management *****00 Supervisory Management Development Institute of Singapore Feb 23 Training Skills for National National *****66 (commenceline Manogers and Productivity Productivity ment date) Supervisors Board Board Feb 23Production Planning National National *****66 Mar 8
      511 words
    • Article
      Computerisation scheme attracts about 40 SMEs
      203 3 ABOUT 40 small and mediumsized enterprises (SMEs) have taken a step towards information technology with government financial and technical backing. Under the Small Enterprise Computerisation Program (SECP), they are computerising their administrative operations to improve productivity. The SECP is run by the National Computer
      203 words
    • Article
      Chip company considering building factory
      449 3  -  By BOEY KIT YIN FACTORY-BUILDING is on the cards for US-based chip company Silicon Systems (Singapore), whose current capacity has been stretched to its limits to meet brisk orders. Managing director Gary Fowler estimated that the cost of the building alone would be about $15
      449 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      101 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day SPORTING SPECIAL The Cricketer English Pub is offering a sporting luncheon special of whole Roasted Sirloin of Beef on the Wagon, with Salad, Country Bread, Cheese Board, Dessert and Fresh Fruits for $14+ 12 noon to 2.30pm, Mon to Sat.
      101 words
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      Page 2 Advertisements Column 2
      36 2 tn Orient Car Leasing NISSAN SUNNY I.6SGX AUTO o c MONTHLY AT $1650 The SPECIALIST in corporate car rental. Call our HOTLINE now: 469 1455 ORIENT CAR LEASIMG PTE LTD 913, Bukit Timah Road. Singapore 2158
      36 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      87 2 CHy Max/ Not* MM ro Motcow 00-02 Showers Nassou 23/16 Oowdy New Mhi 30/10 OMr New York 06-06 Cloudy Nicotic 18/07 Clear Oilo 02-07 Oowdy Port* 06/05 Shown forth 31/23 Fin* ITio 'Jonoiro 28/18 Rain Rome 14/10 Oowdy Son Frts'co 18/11 Sunny Son Juan 28/19 Oear Santiago 33/15 Ooor Soo
      87 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      157 3 /&<&>/ /$V »jy XPOSB CREDIT POSB. THE FORMULA FOR A COMFORTABLE HOME. iJrSjRI V,, *<. n CD CD Many Singaporeans have trusted and relied on the POSB way of savings to give them the feeling of security and peace of mind. Now you can enjoy the comforts of home and
      157 words
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  • ASIA – PACIFIC
    • Article
      Lock icon Rising need for foreign labour worries M'sia
      409 4 MBT FOREIGN WORKERS are expected to figure more in the Malaysian employment scene this year following the reluctance of local people to fill certain job vacancies, particularly in the estates. Deputy Home Affairs Minister Datuk Megat Junid Megat Ayob said on Monday the
      MBT  -  409 words
    • Article
      Lock icon KL's Producer Price Index up
      183 4 Bernama ES MALAYSIA'S Producer Price Index (PPI base year 1978) rose to 122.6 points last year from 117 in 1986 and 127.9 in 1985. The increase was due mainly to the increases in the three Standard International Trade Classification (SITC) section, the Statistics Department said.
      Bernama ES  -  183 words
    • Article, Illustration
      Lock icon Jakarta slows transmigration
      346 4 AP THE CONTROVERSIAL transfer of millions of Indonesians from Java and other densely populated islands to emptier outer areas has been slowed by budgetary cuts and poor planning. Indonesia is the world's largest exporter of natural gas and the 12th biggest producer of oil. But lower income
      AP  -  346 words
    • Article
      Lock icon US, Japan resume semiconductor trade talks
      267 4 Reuter US AND JAPANESE negotiators have met again in Waahington on American complaints that Japan's market was closed to foreign semiconductors, according to US trade officials. They said in Washington that the Japanese negotiators cited data showing an increasingly open market since a US-Japanese
      Reuter  -  267 words
    • Article
      Lock icon Seoul's current account surplus up sharply for second year
      249 4 AP SPURRED BY strong exports. South Korea's current account surplus in 1987 more than doubled to US$9.7B billion from US$4.6l billion a year ago. the Bank of Korea reported yesterday. This was the second consecutive year that South Korea had posted
      AP  -  249 words
    • Article
      Lock icon India wants to dispose of stakes in state industries
      447 4 Reuter INDIA WANTS to join the growing ranks of Asian nations selling off chunks of state-owned industries. but critics say there will be few takers for stakes in the massive, inefficient national enterprises. India's gargantuan public sector supplies all the country's
      Reuter  -  447 words
    • Article
      Lock icon Nepal's loss-incurring corporations to go private
      198 4 AFP NEPOTISM, corruption and inefficiency have caused losses in 80 per cent of Nepal's public corporations and the authorities have decided to privatise them, financial sources said. The corporations have recorded accumulative losses of more than 1.35 billion rupees (US$6l million), the Kathmandu sources
      AFP  -  198 words
    • Article
      Lock icon Taiwan intends to use a new name at ADB meeting
      171 4 AP TAIWAN PLANS to attend the annuel meeting of the Aaian Development Bank in April under a name agreeable to Communist China. The maes-clrculation United Daily Newa, quoting unidentified officials, said in Taipei yesterday the government would attend the Manila
      AP  -  171 words
    • Article
      Lock icon Keidanren urges members to curb S African trade
      248 4 AFP JAPAN'S top business federation has called on its members to exercise "self-restraint" in trade with South Africa in view of growing criticism from the United States and African countries. Japan was South Africa's largest trading partner for the second straight year
      AFP  -  248 words
    • Article
      Lock icon A different kind of thanksgiving in Japan
      548 4 FT IN THE HEART of Tokyo's fashionable Shinjuku shopping district, matrons in mink coats and prosperous businessmen rubbed shoulders in a tiny Buddhist temple on Monday to give thanks for broken pins and needles. Indeed, memorial services for used pins and needles were
      FT  -  548 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      895 4 ARRIVALS Operator S*rvtc* number Loca Hnw 1 From OA SIA UA THAI THAI SIA SIA MAS KAL SIA MAS MAS SU CPA MA GU SU US SU THAI SU SU GU MAS SAS GU SU CAL SU GU SU SU SU KIM SU GU THAI CPA MAS
      895 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      169 4 SHANGRI-LA INTERNATIONAL SHANGRI-LA EXECUTIVE ACCOMMODATION PLAN CHINA MALAYSIA T1 (All AND THE EXECUTIVE ACCOMMODATION PLAN OFFERS YOU: Single or twin accommodation at the same special rate Daily breakfast Late check-out of 4pm, subject to availability No pre-payment required. Payment upon check-out Shangri-La Family Plan Optional limousine transfer Shangri-La Hotel, Beijing
      169 words
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      Page 4 Advertisements Column 2
      61 4 fI 1£ Ifl If The business person's choice, every I I 11 I II 1 Tuesday, Thursday, Saturday and I 1 /IX 1 I 1 f Sunday. Leaving Chongi Airport at _I_ VyX VVyl 1 JL 72.05 hours and arriving at Lester B. Pearson International Airport the following day. Coll
      61 words
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  • REST OF THE WORLD
    • Article
      Lock icon Central bankers see no sign of post-crash recession
      323 5 Reuter CENTRAL bankers from leading (ndustrial countries said on Monthey saw no sign that October's stock market crash would trigger a worldwide recession, in spite of recent falls in US ecoV" riomic indicators. "No country has noted it is any deterioration since
      Reuter  -  323 words
    • Article
      Lock icon Fed governor sees dollar aiding America's trade gap
      361 5 Reuter FEDERAL Reserve Board Governor Robert Heller said the decline in the value of the dollar will help substantially to cut the US trade deficit and has laid the foundation for a balancing of US external accounts. In prepared remarks for delivery
      Reuter  -  361 words
    • Article
      Lock icon Japanese plants more productive in the US
      229 5 AP JAPANESE carmakers assembled cars at a faster average rate at company plants in the US than in Japan, according to a Massachusetts Institute of Technology researcher s study. While Japanese carmakers were able to assemble cars faster in their US plants than
      AP  -  229 words
    • Article
      Lock icon 'Markets need assurance from US trade figures'
      454 5 Reuter US TRADE FIGURES due on Friday may not match the dramatic 25 per cent drop in the November deficit but they need to assure the markets that the nation's trade performance is gradually improving, economists say. They predict the deficit for December
      Reuter  -  454 words
    • Article
      Lock icon Bonn achieves record balance of payments surplus
      183 5 AFP WEST GERMANY had a record balance of payments surplus of 41.219 billion Deutschemarks (about U5524.2 billion) last year, compared with only 5.964 billion marks in 1986. the Bundesbank announced in Frankfurt on Monday. The central bank said that its reserves had increased
      AFP  -  183 words
    • Article
      Lock icon Evangelist Robertson scores victory over George Bush
      412 5 AFP KANSAS SENATOR Robert Dole won a solid victory in the lowa Republican caucuses on Monday night, while evangelist Pat Robertson's stunning upset of Vice-President George Bush for second place threw the Republican presidential race into disarray. Missouri Congressman Richard Gephardt, driving home
      AFP  -  412 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      100 5 The Swire Group Hi W lien vouVe a major pn>posal to make at the end ol your j< uirne\. 1 l\ Catha\ Pacific t X f 9 v This is no time for muddled thinking. In fact, moments like this make delicate business negotiations seem a bit of a doddle.
      100 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      58 5 •T7Ti7TTS3» -.AND F voußeieve IN A STRONG, BUSH-FR& AMERICA, AS 190, THEN, DAMMIT, GET &HINP MY CANDIDACY! 1 wm LBJTBNANT HA/6,IUJONPBR IF YOU COULD TELL US WHO YOU M£R£ IN YOUR PREVIOUS UVFS. I THINK THAT SANS A LOT ABOUT A PERSON. f i JESUS CHRJST AND EISENHOWER. MMOL. A
      58 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1507 6 SINGAPORE: The US dollar closed slightly firmer against most major currencies yesterday, with its marginal rise mainly recorded in late afternoon trading. The dollar ended at 129.20/30 yen against New York's 128.90/129.00 close and at 1.7030/40 marks from 1.6990/7000. Dealers said light European buying towards the finish here
      1,507 words
    • Article
      Lock icon Mexico likely to win bond deal waivers
      192 6 Reuter MEXICO appears to have secured sufficient waivers from foreign bank creditors to allow its proposed loans-for-bonds scheme to go ahead, according to bankers close to the deal "The initial assessment is that there will be enough waivers to proceed according to schedule,"
      Reuter  -  192 words
    • Article
      Asian $ market
      207 6 Asian market The Asian dollar report was not available yesterday. US$ OFFER MO 7 doyi 6 13/16 6 11/16 1 mom* li 6 13/16 6 11/16 2 modi hi 6 7/8 6 3/4 3 monK h* 6 7/8 6 3/4 6 monll ht 6 15/16 6 13/16 9 monll h>
      207 words
    • Article
      Comex gold/silver futures
      79 6 Silver futures on Feb 8 5.000 troy ounces. US cants per troy ounce Op««i High Low Soltto Fab 632.00 632.00 632.00 629.70 0.20 Mo» 635.00 639.00 631.00 632.50 Apr 638.00 63*00 638.00 636.20 Moy 644.00 646.50 639.00 640.60 M 650.00 653.50 647.00 648 50 .10 S»P 659.00
      79 words
    • Article
      Simex/IMM
      565 6 MARCH Eurodollar futures opened four ticks lower at 93.14 yesterday due to profit-taking and a small correction after last week's rally. Rumours of a wider-than-expected December US trade deficit also pushed prices lower. Trading was however locked in a narrow range of 93.13 to 93.15 all morning as there
      565 words
    • Article
      Government securities market
      82 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity BID OFFER HIGH LOW 3 months 6 months 1 year BQ*****N BY*****S BY*****T 05.5.88 30.6.88 24.11.88 3.01 3.03 3.02 2.96 2.98 2.97 3.00 2.95 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing Day's code rate BID
      82 words
    • Article
      Options
      967 6 CURRENCY FUTURES OPTIONS Tuatdoy, Ftbmory 9 1988 DEUTSCHE MARK (SIMEX) Iter M caito Mar M puis 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 2158 1398 808 418 22 22 211 136 77 40 22 9 3 3 CAI CAI CAI CAI
      967 words
    • Article, Illustration
      World interest rates
      188 6 Indicates the average of the prime lending rates of 12 major banks In S pore r Interbank market rates (offer/bid) on Feb 9 us$ DM SWFC Y«n 7 doyt 13/1* 11/1* 1/4 3 1/2 3/1 1 7/« 3 IS/I* 13/1* 1 mat 11/14 11/1* 1/1*— IS/1* 3
      188 words
    • Article
      Money markets
      57 6 THE OVERNIGHT rate on the Singapore interbank 7, market rose 1/2 point yesterday to close at 3-1/4 per,, cent. The term rates were unchanged across the board. S$ Interbank rates at 12 noon yesterday: ora mo o«nigKi 3 1/4 3 1-monfti 3 3/1* 3 1/1* 2-own* 3 3/1*
      57 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      158 6 Suites for the smart The Ss22o* Mandarin Corporate Plan Premier features An executive suite for one night No charge for extra person sharing Free buffet breakfast Ss3o cash reimbursement of airport transfer costs upon check-in Free island-wide pager on request There's more! Free use of Mandarin Recreation and I Health
      158 words
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      Page 6 Advertisements Column 2
      10 6 m banque indosuez 3 Shenton Way. Shenton House. Singapore 0106
      10 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Right of US banks to underwrite securities upheld
      940 7 NYT A US FEDERAL appeals court ruled unanimously on Monday that the Federal Reserve Board was legally correct in allowing banks to underwrite certain types of securities through special subsidiaries. The 2nd US Circuit Court of Appeals, in New York, said that,
      NYT  -  940 words
    • Article
      Lock icon Soviet state bank coffers depleted, says official
      189 7 Reuter A RISE in Soviet salaries coupled with lower-than-planned state income from goods and services has resulted in a depletion of the coffers of the State Bank, according to a senior bank official in Moscow. AVoilukov, the head of the State Bank's money
      Reuter  -  189 words
    • Article
      Lock icon Nepal, Bhutan discuss closer banking ties
      113 7 AFP THE NEPALESE and Bhutanese central banks are considering a closer monetary relationship between the two countries to help boost trade and tourism. Royal Monetary Authority of Bhutan managing director Bap Kesang arrived in Kathmandu on Sunday for a week-long visit to Nepal at
      AFP  -  113 words
    • Article, Illustration
      Mitsui Trust eyes merchant bank licence
      405 7  -  By PATRICIA M SCHERSCHEL Financial Editor JAPAN'S oldest trust bank is exploring the option of establishing an investment bank in Singapore. In an exclusive interview, Mr Takeshi Nakajima, the president of Mitsui Trust Banking Co Ltd, told BT that while no immediate timetable had
      405 words
    • Article
      Lock icon New Chinese bank fights hard for business
      691 7 Reuter CHINA'S first commercial bank since 1949 is in a bitter fight for business with the four giant state banks which resent the competition the newcomer has been designed to provide, according to Chinese bankers and economists. The Bank of Communications (BOC) opened
      Reuter  -  691 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      304 7 r r 4- 1 m §m WSSBBm ,v> V V m ■<?:■ > sBSm ■rr* .^V •<V" m n r-W< Kf i W\ X i I! *v> m A? Hi i K -~-4m .S WITH 25,000 OPTIOHS, ITS CERTAM.Y A CAR FOR DECISION The new BMW 3 Series has been
      304 words
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  • COMMODITIES
    • Article, Illustration
      Lock icon Oil prices expected to fall in 1988: US forecasters
      298 8 AFP THE US government's top energy forecasters have dropped their 'projections for international oil prices in 1988 and forecast increased oil demand despite a predicted drop in US economic growth, a government publication reported on Monday. The January issue of the
      AFP  -  298 words
    • Article
      Lock icon Petronas accepts 42b yen loan for gas project
      126 8 AFP MALAYSIA'S national oil company Petronas has accepted in principle a 42 billion yen loan from Japan to finance a gas project, outgoing chairman Raja Mohar Badiozaman said in Kuala Lumpur on Monday. "We have accepted the offer in principle and are
      AFP  -  126 words
    • Article
      Lock icon Saudi Arabia takes first move to revamp oil industry
      456 8 Reuter SAUDI ARABIA has taken the first steps in a long-awaited shake-up of its oil industry designed to bolster sales in a sagging world market. Oil industry sources said the world's biggest oil exporter was starting to restructure domestic operations and
      Reuter  -  456 words
    • Article
      Lock icon Mobil coal to be exported to Taiwan for testing
      312 8 AP THE Mobil Coal Producing Co on Monday announced it had signed a contract to ship 60,000 tonnes of low-sulphur coal from Wyoming's Powder River Basin to Taiwan, where its burning characteristics will be tested. Mobil Coal, which has its headquarters
      AP  -  312 words
    • Article
      Lock icon Performance of precious metals market disappointing of late
      267 8 Reuter THE PERFORMANCE of the precious metals market has been disappointing in recent weeks and this looks like being the case for at least the first half of 1988, London commodities and futures trader E D and F Man said. Speculative activity
      Reuter  -  267 words
    • Article
      Lock icon China's grain production stagnating
      142 8 AFP THE OFFICIAL Beijing Review warned on Monday that China's grain production was stagnating and the drop in per capita output—was leading to pork shortages and price increases. China's grain production totalled just over 400 million tonnes last year, a 10 millidTP™ tonne increase from 1966
      AFP  -  142 words
    • Article
      Rubber
      334 8 SINGAPORE THE rubber market yesterday closed slightly easier with March 1 RSS buyers quoted at 218.00 cents/kilo, down 0.50 cent from Monday's close, dealers said. They said the market was steady initially and thereafter prices fluctuated within a narrow range due to lack of buying interest in quiet morning
      334 words
    • Article
      RAS and MRELB
      231 8 RAS prices in S cents/kg, FOB in bales NOON CLOSE Buyers Sellers Buyers Sellers Int 1 RSS Prompt 222.00 223.00N 221.50 222.50N Int t RSS Mar 88 218.50 219.00 218.00 218.50 Int 1 RSS Apr 88 217.50 218.00 217.00 217.50 Int 2 RSS OP 216.50 218.50N 216.00
      231 words
    • Article
      SSR and SMR
      76 8 (cents/kg, 1 -fort pallets) MARCH 1988 APRIL 1988 (current month) (forward month) RAS NOON NOON Buyers Sellers Buyers Sellers SSR 20 211.50 213.50N 211.50 213.50N SSR 50 210.00 212.00N 210.00 212.00N MRELB Buyers Sellers Buyers Sellers SMR CV 274.00 276.00N 275.00 277.00N SMR L 274.00 276.00N 275.00
      76 words
    • Article
      Lock icon KL Tin
      115 8 Reuter THE price of tin on the Kuala Lumpur Tin Market yesterday rose a cent from Monday's close to M 517.16 a kg in quiet trading, dealers said. Scattered buying interest from Europe, Japan end locally helped the market to rise. The increase was supported by s rise
      Reuter  -  115 words
    • Article
      Lock icon Precious Metals
      334 8 Reuter HONGKONG: GOLD yesterday closed lower on late profit-taking by European houses, dealers said. They said the metal held steady most of the day, touching a high of U*****.40/90 an 'ounce on Japanese buying in the early afternoon. But late selling depressed the price, which ended at 439.90/440.40
      Reuter  -  334 words
    • Article
      Oil and Products
      80 8 A RISE on New York oil futures on Monday left oil markets in Singapore in a quandary. Was this the start of an upward move or was it a minor market adjustment? USS/borrd Own®* (Mor) 15.62 ♦0.10 w«t Tooi WTI (Mor) 17.6$ +0.M Products (FOB S'pore) USt/borr*
      80 words
    • Article
      Lock icon Palm Oil
      582 8 Reuter Reuter Crude palm oil futures, yesterday reversed their early trend to close weaker on profit-taking and nervous selling, as operators turned cautious and liquidated positions, dealers said. Prices initially extended Monday's rise following Pakistan's RBD palm oil purchase and firmer Chicago soyoil futures values, they said. March
      Reuter  -  582 words
    • Article
      Lock icon Soybean
      225 8 Reuter SOYBEAN FUTURES on the Chicago Board of Trade on Monday posted losses of 2% cents to !4 cent a bushel at the close. An attempt by technical traders to force declines in March found resistance at US$6.O4 and March ended the day at U556.05%. down 2% cents. Professional
      Reuter  -  225 words
    • Article
      Produce Prices
      256 8 Chinese Produce Exchange Sillers' noon doting pi Fob 9 (SS/100 kg) riot on Coconut oil tuik fob 120.00 CM drum FOB 134.00 N*w drum FOB 130.00 Copra MJx*d (loot*) 66 to Hon Pepper Muntok whit* FOB NLW 1185.00 Sarawak whit* FOB foq NLW 1170.00 Sarawak tp«ciol black FOB
      256 words
    • Article
      London Markets
      322 8 London Commodity Exchange fciiy #r Seller doting prices on Feb 8 (£/tonne unlet a specified). Previous doting prict it in parenthesis. Coffee loiii in-store London, sellers option OF London Mar 1241/1242 (1233/1235) High/Low 1244/1233 May 1268/1269 (1259/1260) High/Low 1269/1258 Soles (3170) Cocoa Mor 1066/1067 (1061/1062) High/Low 1074/1065 May
      322 words
    • Article
      Lock icon Wheat
      254 8 Reuter CHICAGO Board of Trade (CBT) wheat futures on Monday closed with gains of three cents to one cent a bushel. A new life-of-contract high of U553.39 was set briefly in May. The previous high was US$3.3B-1/2, and May finished three cents higher at U553.36-1/4. Traders said professional and
      Reuter  -  254 words
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  • ADVERTISING & MARKETING
    • Article
      The Moet Hennessy group turns in good results
      404 9  -  By MONICA GWEE MOET Chandon, the world's leading champagne brand, topped the 25 millionth-bottle mark last year and Hennessy Cognac continued its "spectacular breakthrough" in Asia. Both brands contributed to good results for the LVMH Moet Hennessy Louis Vuitton Group last year
      404 words
    • COPY LINES
      • Article
        Jones Lang Wootton appoints DMB & B
        38 9 Jones Lang Wootton appoints DMB B PROPERTY FIRM Jones Lang Wootton has appointed D' ArcyMasius Benton Bowles as its agency effective from March 1. The appointment was made following full presentations from three shortlisted agencies late last year.
        38 words
      • Article
        G & A clinches Carlton Hotel opener
        31 9 G A clinches Carlton Hotel opener THE Carlton Hotel has appointed G A Advertising to handle its pre-opening advertising campaign. Food beverage and theme advertising will be handled by Advertising Associates.
        31 words
      • Article
        Emporium offers high-tech hamper
        54 9 DRAQON YEAR offerings go high-tech in a hamper. The Emporium group has packaged a $5,000 hamper called "Dragon Delights" angled at "the trendy executive or the busy businessman" (and businesswoman, presumably). The prize offering? A Toshiba lap-top computer (T-1000). Other offerings include brandy, bird's nest and
        54 words
      • Article
        Mills & Allen wins UK airports contract
        111 9 Mills Allen wins UK airports contract PEARL DEAN International Ltd's UK parent company, Mills Allen Ltd, has been appointed advertising contractor in all British Airport Authority airports in the UK. The contract involves seven major airports in the UK London Heathrow, London Gatwick, Glasgow, Edinburgh, Stanstead, Aberdeen and Prestwick. The
        111 words
    • Article
      Shandwick buys Canada's largest PR firm
      161 9 SHANDWICK PLC. the world's largest independent public relations consultancy which acquired Gibson PR in Singapore and Hongkong last year, has acquired Canada's leading PR firm, PIR Communications Inc. Based in Toronto with seven offices throughout Canada, PlR's cross section of clients include Bell Canada,
      161 words
    • Article, Illustration
      Wine dealers see potential for growth in Asia
      677 9  -  Local consumption expected to triple in 10 years By CHARLES SAVAGE HARD DRINKERS may be cutting back on spirits, but wine growers and importers are banking on Asian markets as future growth centres. "I think that wine consumption in Singapore could triple
      677 words
    • Article
      Lock icon Seoul to open advertising market partially to foreigners
      192 9 AP SOUTH KOREA will partially open its advertising and trading markets to foreign investment. The Finance Ministry said recently the action will allow foreign businessmen to invest in joint-venture advertising firms as minority shareholders. Foreign investment exceeding 50 per cent of equity
      AP  -  192 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      232 9 i- 4 V s H 4i You have a business to run, Q a busy schedule bo keep... SINGAPORE BUSINESS understands your commitment to your work. So, instead of having to go out in the sweltering heat or get held up somewhere in a traffic jam on your way to
      232 words
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      Page 9 Advertisements Column 2
      114 9 Steal her heart away The JEWEL POWDER by Yves Saint Laurent is a very special gift for the woman in your life. This exquisite work of art signifies the most precious of loves, delicately expressed in blue stones encased in gold. A multifaceted heart of shimmering, changing colours, it opens
      114 words
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  • PERSPECTIVE
    • Article
      SSA directive is self-defeating
      423 10 SPEAKING with one voice may well give a group an edge when it needs to be seen as united, but no group can reach a consensus on any issue without drowning out some voices. Opposite views there will always be. The Singapore Society of Accountants' recent
      423 words
    • Article, Illustration
      Lock icon The common truth about trade talks and rugby
      950 10  -  French Trade Minister Michel Noir says the new round of Gatt negotiations will require special tactics from the European nations. PETER MONTAGNON reports on a recent interview. PETER MONTAGNON FT "INTERNATIONAL trade politics is not a ladies' tea party," says France's Trade
      FT  -  950 words
    • Article, Illustration
      Lock icon Bilateralism a bigger trade threat than protectionism
      797 10 The Economist THE NEWLY celebrated freetrade arrangement between the US and Canada is only the latest in a series of about 40 such deals that have been notified to the General Agreement on Tariffs and Trade (Gatt) in Geneva. Other bilateral trade pacts,
      The Economist  -  797 words
    • Article
      Lock icon Into the renaissance era of Soviet design
      731 10 NYT IN AN EFFORT to improve Soviet product design as part of the government's proposed economic reforms, the president of the Society of Soviet Designers signed an accord of mutual cooperation recently with the president of the Industrial Designers Society of America. The
      NYT  -  731 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      207 10 |3 3 A rr •Vi o :f 1:13»' Now keeping someone oversees in touch with what's happening in Singapore couldn't be eesier. Or more economical. Because al the major news of every week is condensed into one paper. The Straits Times Weekly Overseas EdWon. Printed on lightweight paper in convenient
      207 words
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      Page 10 Advertisements Column 2
      10 10 M onagers ust anage BT shows you how every Monday.
      10 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      659 10 CRYPTIC PUZZLE ACROSS 1 Is a chap able to barge along it? (5) 6 Show a letter to everyone (5) 9 Name a road after dad. the beast (7) 10 Remove that garment? (5) 11 Dried a good colour (5) 12 Moved swiftly to process a pelt (5) 13 Acts
      659 words
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  • FOCUS
    • Article
      The power struggle and the split that followed
      986 11  -  By DAVID CHEW THE MALAYSIAN High Court s ruling against the United Malays National Organisation (Umno) last week was the culmination of a power struggle between two rival factions that began in 1981. The so-called "Team A" led by incumbent Umno president,
      986 words
    • Article, Illustration
      Dr M: challenge or crisis?
      1084 11  -  The demise of Malaysia's pre-eminent political party, the United Malays National Organisation, could change the course of Malaysian politics. Foreign Editor BRIAN GOMEZ assesses the implications of a possible split among Umno supporters. The accompanying reports look at the events that led up to the
      1,084 words
    • Article, Illustration
      On whom the mantle of leadership may fall
      1104 11  -  From M G G PILLAI PRIME Minister Datuk Seri Dr Mahathir Mohamad's rise to power in 1981 was the epitome of a tradition that the pinnacle of power in Malaysian politics is attained through a process of consensus building. But last year's
      1,104 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1184 11 TO ac© QaSK) 7.30 PM Opening and Programme Highlights followed by Vldeofashion Monthly London Charm. The now romantic mood is shaping fashion for this spring and shapely silhouettes arc freshly feminine. Tho English designers load on the charm with signature wit and innovation. •.00 In The Director's Chair John Frankenheimer
      1,184 words
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  • SPORTS & LEISURE
    • Article, Illustration
      Lock icon Pat Cash wins it for Australia
      275 12 Reuter PAT CASH overpowered Francisco "Pancho" Maciel 6-2, 4-6, 7-5, 6-2 on Monday to give Australia a 3-2 victory over Mexico in their first-round World Group Davis Cup tie. Falling back on his powerful serve when his ground strokes failed him. Cash demoralised Maciel
      Reuter  -  275 words
    • Article
      Lock icon African player turns rankings upside down with upset win over second seed
      216 12 AFP YAYA DOUMBIA. a French-based 24-year-old from Senegal, earned fleeting fame in Lyon, France, on Monday when he Knocked out Andrei Chesnokov, the Soviet second seed, in the first round of the US$2BO,OOO men's Tennis Grand Prix. Senegal's
      AFP  -  216 words
    • Article
      Lock icon Seeds book second-round berths in Dallas competition
      144 12 Reuter THIRO SEEDED Manuela Maleeva of Bulgaria and sixth seeded American Barbara Potter both advanced on Monday to the second round of the U*****,000 Dallas Women's Tennis Tournament with straight-set wins. The Bulgarian player outsteadied Hu Na of China 6-2, 6-3, while the
      Reuter  -  144 words
    • Article, Illustration
      Lock icon Woosnam taking it easy
      187 13 AFP THE WORLD'S most successful golfer last year, Welshman lan Woosnam, has admitted to unusual preparation for his defence of the Hongkong Open beginning tomorrow. "I've been lying on a Gold Coast (Australia) beach all week and have not swung a club," said Woosnam, whose win
      AFP  -  187 words
    • Article
      Norman boosts lead in rankings
      104 13 GREG NORMAN of Australia has increased his lead over Spain's Severiano Ballesteros in the world golf rankings for the second successive week, thanks to his third place in the National Pro-Am in California at the weekend. Norman is now 149 points ahead of Ballesteros and
      104 words
    • Article, Illustration
      Lock icon Mancini signs up for comeback fight against Camacho
      192 13 AFP RAY BOOM BOOM' MANCINl has been tempted out of retirement by a US$2.3 million offer to fight Puerto Rico's Hector "Macho" Camacho in a battle of former world lightweight champions in Atlantic City, New Jersey, in May. Camacho. who is unbeaten
      AFP  -  192 words
    • Article
      Winston's out to challenge the champions
      416 13  -  By WALTON MORAIS AT 14, Winston Teng is at that age when a cracking voice, sprouting facial hair and unsightly acne can make a boy real shy. But after dinner at Tanglin Club's Raffles Room on Monday night, the Victoria School student listened to
      416 words
    • Article, Illustration
      Lock icon America's Cup challenger offers peek at boat
      373 13 Reuter NEW ZEALAND s challenger for the America's Cup will be a monohull yacht capable of travelling faster than the wind even when sailing into it, its codesigner said on Monday. Speaking in Auckland, Russell Bowler said the radicallydesigned giant yacht would be
      Reuter  -  373 words
    • Article
      Lock icon Pro Bowl caps tumultuous year for American football
      400 13 UPI THE PRO BOWL ended a tumultuous NFL season wracked by a players' strike, racial unrest and the announced move of the Cardinals to Phoenix. Commissioner Pete Rozelle, in Hawaii on Sunday for the AFC's 15-6 victory over the NFC. denied the
      UPI  -  400 words
    • Article, Illustration
      Lock icon Team-mate urges Budd to pull out of championships
      363 13 AFP ZOLA BUDO has come under renewed pressure to pull out of the World Cross Country Championships, from an unusual source one of her own British team-mates. Angela Tooby, a member of the British team bound for Auckland in March, appealed on
      AFP  -  363 words
    • Article
      Lock icon Commonwealth Garnet organisers want Budd to skip Auckland race
      138 13 Reuter THE ORGANISERS of the 1990 Commonwealth Games in Auckland say they oppose South African-born runner Zola Budd's participation in the World Cross Country Championships next month. Sir Earl Richardson, chairman of the organising board, said in a statement on Monday
      Reuter  -  138 words
    • Article, Illustration
      Lock icon American skaters arrive in Calgary
      503 13 AP US SPEED SKATERS arrived for the Winter Games in Calgary, Canada, on Monday, bringing with them the glimmer of gold for America. Snow has also begun to fall on Calgary, and organisers said it would be worth the work it caused to dress up
      AP  -  503 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      223 12 4 COU Ryoi SI ER XO Where to eat, drink... \ct /4 candle-light dinner in a romantic setting A lovely red rose and a chocolate heart for your date. A Polaroid photo to remember this special day. Live band to entertain with love songs. Have a most romantic Valentine's Weekend,
      223 words
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      Page 12 Advertisements Column 2
      246 12 Bn° n M Richmond Every night at the Jade Lounge* From 8.30 pm Old favourites. Evergreens. Yesteryear s hits. Brian Richmond's got them all at his fingertips. Just surrender to the cosy, relaxed atmosphere of the Jade Lounge and let the great sounds of nostalgia have their day. 'Brian Richmond.
      246 words
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      Page 12 Advertisements Column 3
      135 12 SATISFYINGLY HYATT Discover Hong Kong at Ruyi, our new Cantonese restaurant on the mezzanine level. Our Hong Kong chefs will delight your palate with lunchtime dian xian, and a la carte dinner specialities. Lunch: 11.30 am to 2.30 pm Dinner: 6.30 pm to 10.30 pm SAJJ tf W i, 4
      135 words
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      Page 12 Advertisements Column 4
      277 12 Greet the Year of the Dragon at Plaza Hotel Feb 10 -March 2: Raw Fish Salad $18+ per plate. Medium $12+ Feb 16-March 2: Grand Reunion Dinner $280+ or $400+ Golden Dragon Buffet Feb 1 -15.22 29: Lunch or Dinner: Adults $13.50++; Kids $9 00+ Feb 16 21: Lunch or
      277 words
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      Page 12 Advertisements Column 5
      136 12 r Specially for sweethearts, Cupid has made lots of romantic arrangements at The Mandarin. Buffet Lunch Too of the M $28 (Aduh) $13+ (Child) Pine Court $28 (Aduk) $13+ (Child) The Belvedere $35+ (Adult) $18+ (Child) Candlelight Dinner Top of the M $45++ A L Tne Stables $45+ w The
      136 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      276 13 and entertain 4 (!>rill m r So much to choose for only $18.50. A sumptuous spread >Mth many diferent types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, fortes...cheese board, fresh fruit.freshly brewed coffee. All for $18.50. And for $26.50 you can add a roast or
      276 words
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      Page 13 Advertisements Column 2
      130 13 PALM GRILL FROM 9-24 FEBRUARY, THE BEST OF FRENCH CUISINE WON'T BE FOUND IN FRANCE. Instead it will be found at Palm Grill, where Monsieur Crotet, one of France's leading chefs, will dish up a gourmet spread. Reservations: 338 8585 ext. ***** or 330 8310. TheWesttn Plaza MMcsClry Westin Hotels
      130 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Prices ease in another day of listless trading
      4136 14 IT WAS another lacklustre day at the local bourse yesterday with share prices closing easier over a broad front for the fourth day running. Instead of the expected Chinese New Year rally, it looked like investors were keeping away and from the
      4,136 words
    • Article
      Chief price changes
      240 14 Rises Spor* land SOS Indicop* 430 H loong Rr 240 KM Corp* <0« 110 Falls Motro HMgi 520 ICS 700 Corobot 50* 460 N S T 268 DBS 910 Kuoto StdbM ISS S P H 705 No* Iron 550 M Hour 240 Cora floor S0( 202 Trodon
      240 words
    • Article
      Business done on the SES
      2747 14 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number erf shares traded shown in brackets In lots of 1,000 units unless otherwise specified. SECTION ONE INDUS TRIAL ft COMMERCIAL Acmo (I 10 B)
      2,747 words
    • Article
      COMPANY MEETINGS
      187 14 WEARNE BROTHERS, Limited: 73rd AGM at 65 Chulia Street #19-00. OCBC Centre, Singapore 0104, today at 10.30 am. ARAB-MALAYSIAN DEVELOPMENT Berhad: 21st AGM at the Dewan Arab-Malay-sian, 7th Floor, Bangunan Arab-Malaysian, Jalan Raja Chulan. ***** Kuala Lumpur tomorrow at 10.30 am. FABER MERLIN MALAYSIA Bertiad: 24th AGM at
      187 words
    • Article
      Unit trusts
      259 14 Managers' prices for Feb 10 Singapore Unit Trust The Cow—rc» 089 094 The Savings Fund 078 083 Spore Prog Fund 035 039 S'pore Sec Fund 0 60 OAS S'pore inve»f Fund 064 069 S'pore Equity Fund 042 046 Asia Unit Trust Moi Invest Fund 122 1 32 Mai
      259 words
  • Page 14 Advertisements
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  • COMPANY NEWS
    • Article
      Lock icon MWE sells South Pacific stake and acquires 16.6 pc of Benta Plantations
      418 15 MBT MWE HOLDINGS has sold its remaining 13.2 per cent interest in South Pacific Textile Industries (SPTI) and subsequently bought a 16.6 per cent stake in Benta Plantations. MWE said it had sold in the open market its
      MBT  -  418 words
    • Article
      Lock icon KL brokers voice mixed feelings about graduated commissions
      381 15 Bernama ES THE IMPLEMENTATION of a graduated commission structure (GCS) will not affect the income of share brokers or their cash flow, according to several brokers in Kuala Lumpur yesterday. Speaking on condition of anonymity, they said that the proposed graduated commission
      Bernama ES  -  381 words
    • COMPANY BRIEFS
      • Article
        ASN acquires Harrisons shares from PNB
        97 15 AMANAH SAHAM Nasional (ASN) has acquired 62.3 million shares of Harrisons Malaysian Plantations Bhd (HMPB) from Permodalan Nasional Bhd (PNB) for a total consideration of M 5304.02 million. HMPB said that ASN's holding in the company before the acquisition was 57.28 million ordinary shares
        97 words
      • Article
        IOI says deal with Aga aborted
        159 15 SWEDISH-BASED Aga Aktiebolag's proposed purchase of a 49 per cent stake in Industrial Oxygen Incorporated (M) Sdn Bhd has been aborted as the approval from the Malaysian Ministry of Trade and Industry was not obtained. Industrial Oxygen Incorporated Bhd (101), which has a 100
        159 words
    • Article, Illustration
      SIC adjourns inquiry into Sealion shares deal
      417 15  -  By ELAINE KOH THE SECURITIES Industry Council has decided to suspend its inquiry into the Sealion Hotels share transaction until the trial of businessman Allan Ng and banker Michael Taylor is over. The council members, who met yesterday, made the decision after considering
      417 words
    • Article, Illustration
      Dah Yung moves to have $6.4 m suit heard in S'pore
      625 15  -  Company denies owing Mandarin $3.4 m under an alleged guarantee By ROSIE TAN DAH YUNG Investments Ltd, which was recently served a writ of summons by Mandarin Resources Corporation for $6.4 million, has instructed its lawyers in Hongkong to
      625 words
    • Article
      Lock icon Hongkong's biggest property loan oversubscribed
      195 15 Reuter SYNDICATION of a HKSI.B billion loan, the biggest property financing ever in Hongkong, has been completed with a slight oversubscription, arranger Standard Chartered Asia Ltd said yesterday. The loan for the publicly listed Chinese Estates Ltd is lead-managed by Standard Chartered Bank and co-lead-managed
      Reuter  -  195 words
    • Article, Illustration
      Cold Storage (M) poised for growth
      1134 15  -  From P Y CHIN in Kuala Lumpur THE WORST is over for Cold Storage (Malaysia) Bhd (CSM). The priority for the group in the current year is to concentrate on its core business, mainly retailing (including supermarket operations) and manufacturing, especially the latter. Mr
      1,134 words
    • Article
      RESULTS DUE
      713 15 LAST FULL YEAR Company Period Oat* Year Net EPS Gross Net announced •odtng (cents) dfcr profit last year ($•000) Minebea Interim Jul 21 Sep 87 169 230 2.907(g) Tokyu Land Interim Aug 22 Sep 87 30 9771(d) Duto Cora Final Aug 28 Dec 86 4.8481 Fed Cables Final
      713 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Nippon Life overtakes Prudential in ranking
      414 16 World's largest life insurance company based on assets FT NIPPON LIFE of Japan has displaced Prudential Insurance of the US as the largest life insurance company in the world measured in terms of assets, according to figures published by the Japanese company, n The
      FT  -  414 words
    • Article
      Lock icon Lai Sun Garment plans rights offer
      203 16 Reuter THE Lai Sun Garment (International) Ltd of Hongkong is planning a rights offer of ordinary shares and a placement of 300 million preference shares in its Wholly owned Lai Sun Development Co Ltd. Shareholders of International will be offered four ordinary Development shares
      Reuter  -  203 words
    • Article
      Lock icon Isetan's HK unit exports to Japan
      75 16 Reuter ISETAN Co Ltd's newly established Hongkong unit has begun to export women's blouses to Japan in a bid to boost imports from Asia, an Isetan spokesman said yesterday. Superio Co Ltd, capitalised at HKSSOO.OOO, is owned by Isetan of Japan Ltd, Isetan's Hongkong
      Reuter  -  75 words
    • Article
      Lock icon Toyota submits Manila car proposal
      177 16 Reuter TOYOTA MOTOR CORP of Japan has submitted a detailed proposal to make cars in the Philippines under the government-spon-sored car development programme. Board of Investments Undersecretary Tomas Alcantara said in Manila on Monday. He said that Toyota was the only car firm which met
      Reuter  -  177 words
    • Article
      Prices unchanged
      1388 16 Hongkong HONGKONG share prices closed almost unchanged yesterday after institutional support overcame an early round of selling by small investors, brokers said. The Hang Seng Index closed unchanged at 2,223 while the broader-based Hongkong Index gained 0.19 to 1,451.47. The market opened quietly. Without fresh incentives. it continued
      1,388 words
    • Article
      Lock icon Tokyo
      468 16 Reuter IN TOKYO, share prices closed down in thin, lifeless trade yesterday due to weaker share markets overseas, caution ahead of Friday s scheduled release of US December trade figures and a general lack of fresh factors, brokers said. The Nikkei Average lost 109.33 points, or 0.46 per cent,
      Reuter  -  468 words
    • Article
      Lock icon Sydney
      455 16 Reuter SHARE prices closed sharply weaker yesterday on the Australian market as all sectors came under selling pressure after poor performances on overseas markets. Brokers said weaker finishes in London and Wall Street put industrial stocks under pressure. The All Ordinaries fell 23.2 points (1.8 per cent) to 1180.4.
      Reuter  -  455 words
    • Article
      Kuala Lumpur market closes easier
      2960 16 THE Kuala Lumpur stock market closed easier for the sixth consecutive session yesterday in fairly active trading. However, losses were mostly marginal against Monday's double-digit retreats. Reflecting the prevailing quiet conditions, business volume was low. Whatever activity that existed was centred on lower-priced counters and
      2,960 words
    • Article
      Seoul
      103 16 PCS M Kill ***** 600 Kangwon Ind ***** 300 Chail Sugar ***** 1-1300 Kia Motor ***** ***** 300 500 ***** *800 Daawoo Corp ***** -500 Lucky Ltd ***** Daewoo Haavy 17(00 -200 ***** 500 Da whin Sacuritia* ***** ***** ***** *500 ***** Dong Suh Slock ***** -200 700 -100
      103 words
    • Article
      Lock icon Bangkok
      110 16 Reuter THE SECURITIES Exchange of Thailand Index edged higher by 1.06 to 324.17 yesterday on a turnover of 3,122.327 shares valued at 420.31 million baht. Reuter Industrial Fmanc* Corp 201 uncfi Jalapraffwi Cement 463 uncti Metal Box 141 1 Post PubUaNng Saha Union 346 4 Stam Cement 1583 -16
      Reuter  -  110 words
    • Article
      Taipei
      242 16 FEB M 1 *T t 2 76 +h -0 06 Kolin Kuochan Dav Laa Chang Yuan 36 40 4640 46.90 -1.1 -1.9 ♦1.4 73 90 -1.5 Uan Hwa Indua 47 30 -0.3 7900 Nan Ya Piaa 63 90 •1.5 Chang Hwa Bank Chang Loong Chia Ham Camant 264 00
      242 words
    • Article
      Manila
      77 16 Mlftopptf FIB M pesos +1MarvtMl Aco)« Mining 0 026 0 044 •0001 UOCtl Ornnlil B PNl Omr>m MK B 0 1050 0046 044 unch unch *006 Apai Mining B Ariaa Con B Baguto QoW 36 1 San Mtguai B 136 uncfc unch unch Bwc Bangua* Con B 0 017
      77 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      186 16 NOTICES rn MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOLUS OCEAN SYSTEMS (S) PTE LTD (IN LIQUIDATION) NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act, Cap. 50, that the Final Meeting of the abovenamed Company will be held at 6 Battery
      186 words
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      Page 16 Advertisements Column 2
      158 16 STRAITS FOODS PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) FINAL MEETING Notice is hereby given pursuant to Section 306 of the Companies Act, Cap. 50 that the Final Meeting of the members of the abovenamed company will be held at 10 Collyer Quay, #23-03 A Ocean Building, Singapore 0104 on
      158 words
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      Page 16 Advertisements Column 3
      174 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) ANO IN THE MATTER Of COLONNADE PTE. LTD. (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN, pursuant to Section 306(2) of the Companies Act Cap 50 that the Final Meeting of the Members of the above named company will be held
      174 words
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      Page 16 Advertisements Column 4
      0 16 `|$=,={:}?!~>)"|?,,`@`~|)?)"'-"
      0 words
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  • MARKET REVIEWS
    • Article
      Lock icon Dow dips in lethargic trade
      971 17 New York Rautar STOCK PRICES on the New York Stock Exchange finished lower on Monday in a lacklustre session mainly dominated by takeover-inspired and dividend-re-lated trading strategies. Analysts said a weaker bond market, cautiousness before this week's government trade reports and investors' general indifference depressed
      Rautar  -  971 words
    • Article
      Lock icon Shares open slightly firmer
      905 17 London Reuter SHARE PRICES on the London market were mostly firmer at the opening yesterday but volume continued low despite attempts from market-makers to generate some interest. Dealers said an early mark-up did flush out some business, but investors remain cautious about the outlook for UK
      Reuter  -  905 words
    • Article
      Untitled
      1239 17 Selected indices HONGKONG Hongkong Index Tuesday 1.451 47 Mondoy 1.451 28 Weak ago 1.501 13 Hang Song Index Tuesday 2.***** Monday 2.***** Week ago 2.298.50 All Industrial! Tuesday Monday Week ogo NEW YORK Dow Jones Monday Friday Week ago 1 1.9260 ***** 1 999 9 1.895 72 1.910 46 1.944
      1,239 words
    • Article
      Lock icon Maxwell stalking US publishers?
      66 17 Reuter A SPOKESMAN for UK businessman Robert Maxwell's publishing group Maxwell Communication Corp PLC said he had no comment on rumours In the US that the group might be stalking one or two US publishers. Shares in MacMillan Inc and McGraw-Hill Inc rose sharply on Wall
      Reuter  -  66 words
    • Article, Illustration
      Lock icon Alliance formed to fend off bid by Benedetti
      863 17 Partners hold 27.5 per cent of stake in Societe NYT AS THE STOCK of Societe Generale de Belgique soared 16 per cent on Monday in fevered trading, an alliance of largely Belgian institutions has emerged saying it holds a 27.5 per cent
      NYT  -  863 words
    • Article
      Lock icon Atlantic Richfield to continue focus on domestic business
      646 17 Reuter ATLANTIC Richfield Co of the US has moved forcefully in the pest weeks to expand overseas, but chairman Lodwrick Cook emphasises the company will remain focused on its domestic oil and gas business. "I don't want to over-empha-sise this international oil
      Reuter  -  646 words
    • Article, Illustration
      Lock icon Ericsson back to its traditional business
      386 17 Reuter THE SWEDISH FIRM. Telefonaktiebolaget L M Ericsson, has gone back to its traditional business of communications, but the restructuring has not come in time to boost its 1987 figures which were due for release yesterday, according to analysts. Ericsson has stripped away most
      Reuter  -  386 words
    • Article
      Lock icon Murdoch threatens tor close Post
      214 17 Reuter NEW YORK POST publisher Rupert Murdoch has threatened to close the paper in less than two weeks unless unions agreed to a 12 per cent pay cut so that hecould sell it to a real estate developer. The Australian-born media baron met representatives of
      Reuter  -  214 words
    • Article
      Lock icon J P Stevens receives US$700 million leveraged buyout offer
      374 17 FT J P STEVENS, a leading US textiles producer famous for its hostility to unions, has received a leveraged buyout offer worth about US$7OO million from a group of senior managers, marking a further consolidation of the industry. The group, led
      FT  -  374 words
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  • Article, Illustration
    Van Ommeren's $12m tank expansion move
    474 18  -  Move largely prompted by potential China trade By WILLIAM CHIA VAN OMMEREN TERMINAL is spending Ssl2 million to expand its oil and chemical tank storage capacity on Pulau Sebarok. The investment in six more storage tanks which will raise capacity by 60,000 cubic metres
    474 words
  • Article
    Holding company to be formed
    199 18 VAN OMMEREN, the Rotterdambased group with interests in transport, tank storage and trading, will oe forming a holding company here to control its four Singapore companies. The new holding company, Van Ommeren Ceteco Singapore, will be incorporated in about two months' time, said Mr Rick
    199 words
  • Article
    Lock icon KMT wants opposition to abandon call for independent Taiwan
    439 18 AFP THE RULING Kuomintang (KMT) is to formally ask the opposition to drop advocation of Taiwan's independence at a scheduled meeting today, informed sources said in Taipei. The call coincides with is-land-wide discussions sponsored by the Democratic Progressive Party (DPP) on
    AFP  -  439 words
  • Article
    Lock icon Taiwan buys US jets to help cut trade surplus
    192 18 Reuter TAIWAN ordered six aircraft from Boeing yesterday in a move to help reduce its trade surplus with the US, officials said. The government's Civil Aeronautics Administration (CAA) order was worth almost US$774 million for five Boeing 747-409 passenger planes and
    Reuter  -  192 words
  • Article
    Lock icon Agreement near on timetable for Soviet withdrawal from Afghanistan
    468 18 Reuter UNITED NATIONS mediator Diego Cordovez said in Islamabad yesterday that the Pakistani and Afghan governments were close to agreement on a timetable for the withdrawal of Soviet troops from Afghanistan. His statement came hard on the heels of an offer
    Reuter  -  468 words
  • Article
    Lock icon Test of HK government's credibility
    284 18 AFP THE HONGKONG government s credibility faces a crucial test today when it releases a policy paper on how democratic the British colony should become before China's takeover in 1997, analysts say. The policy paper will give the government's thinking on whether direct elections to
    AFP  -  284 words
  • Article
    Lock icon Opec president urges non-member producers to back prices
    411 18 Reuter THE PRESIDENT of Opec has urged non-member producers to help support oil prices and said a price range of US$lB to US$2O per barrel could be maintained throughout this year. "As things stand at present... we believe that a general price
    Reuter  -  411 words
  • Article
    Lock icon 'Viets killed in Thai-Laos border fighting'
    408 18 AP THAI MILITARY officials claimed yesterday that 69 Vietnamese soldiers have been killed and more than 100 others wounded in ongoing fighting along the Thai-Laotian border. Thai Army Commander General Chaovalit Yongchaiyudh also indicated Thailand might strike into Laotian territory to repulse what Thailand
    AP  -  408 words
  • Article
    Lock icon Record sales for American electronics industry
    208 18 AP US ELECTRONICS products and services saw record sales figures in the final three months of 1967 despite a dropoff in December, a trade group said Monday. The American Electronics Association, representing about 3,700 high-technology companies throughout the country, said the electronics industry finished
    AP  -  208 words
  • Article
    Lock icon Comex gold
    89 18 Reuter COM EX GOLD futures lost mors than US$2.OO sarly yesterday, mostly in response to a lack of buying interest to absorb light selling pressurs as the market remained jittery ahead of Friday's US trade numbers. In thin morning business, spot gold was off US$2.2O at U*****.20 an
    Reuter  -  89 words
  • Article
    Lock icon Australia and NZ resume aid to Fiji
    234 18 Reuter AUSTRALIA and New Zealand announced yesterday the resumption of aid to Fiji. but the two had said this did not mean a return to normal relations following two coups on the South Pacific island last year. The Australian Foreign Affairs Department said
    Reuter  -  234 words
  • Article
    Lock icon Manila needs new formulas to deal with debt
    270 18 AFP THE PHILIPPINES will spend US$2.7 billion on servicing its foreign debt this year and must find new "formulas" to avoid a balance of payments problem. Finance Secretary Vicente Jayme said in Manila yesterday. He said the Philippine foreign debt was now
    AFP  -  270 words
  • LATE FILE
    • Article
      Lock icon Australian G-G arrives in China
      38 18 Reuter AUSTRALIAN Governor-Gen-eral Sir Ninian Stephen arrived in China yesterday for a week-long visit as the guest of Chinese President Li Xiannian. Sir Ninian will open an Australian film festival in Beijing today.
      Reuter  -  38 words
    • Article
      Lock icon China to face metals shortage
      43 18 Reuter CHINA will face serious shortages of the five major non-ferrous metals lead, copper, aluminium, zinc and tin in 1968, with domestic supplies falling and despite increased imports and drawing on stocks, the Farmers' Daily said yesterday. Reuter
      Reuter  -  43 words
    • Article
      Lock icon Five injured in bomb blasts
      45 18 AFP AT LEAST five people have been injured in two bomb blasts in major Bangladesh cities. Press reports yesterday said a bomb went off at a house in a residential area of the southeastern port city of Chittagong on Monday.
      AFP  -  45 words
    • Article
      Lock icon Ugandan copper mines to reopen
      38 18 AFP UGANDA'S coppsr mines, which have bMn dormant for the past decade, will be rehabilitated by North Korea under an agreement reached between the two countriee. Uganda Radio reported on Monday night. AFP
      AFP  -  38 words
    • Article
      Lock icon Supreme Soviet begins INF debate
      29 18 AFP THE SUPREME Soviet yesterday began debate on ratification of the Dec superpower treety to scrap I ntsr mediate range Nuclear Forcee (INF). AFP
      AFP  -  29 words
    • Article
      Lock icon Murphy in Cairo for talks
      37 18 AFP US ASSISTANT Secretary of State Richard Murphy arrived in Cairo yeeterday from Saudi Arabia on the third leg of a tour to win support for US Middle Esst peace efforts. AFP
      AFP  -  37 words
    • Article
      Lock icon Big storm hits British Isles
      40 18 Reuter A POWERFUL storm Isshed the British Isles yesterday with very strong winds. Independent forecaster ACCUkAiAAIKA# A|^ ntiuiff inc mo in# norm was centred just wast of northern Scotland and wae moving to Mia northeast.
      Reuter  -  40 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      30 18 "Why were you born? The purpose and meaning of your life on earth. Further information is available in different languages. UNIVERSAL LIFE, dept. E, P.O. Box 5643, D-8700 Wuerzburg, West-Germany"
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      Page 18 Advertisements Column 2
      7 18 Oil prtcM •xpccted to toll, Pag* 8
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      Page 18 Advertisements Column 3
      171 18 SUCCESSFUL EXECUTIVES Are you looking for a change of career? A job that would bring you into contact with the beat and brightest in Singapore, and put you at the very heart of business and economy? Then consider a switch to the fast-moving and stimulating world of business journalism. Put
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  • SHIPPING TIMES
    • Article
      Sea-Land buys 12 USL ships
      622 19  -  By LINDA CHEE -i., SEA-LAND Corporation is buyjojng over all 12 ex-US Lines econships and will deploy them in the trans-Atlantic under a 'vessel-sharing agreement with -'"-•rival operators Nedlloyd and .JJ.A O's Trans Freight Lines. Price to be paid per ship at US$l3 million-US$l4 million
      622 words
    • Article
      Lock icon Yokohama to charter QE II as floating hotel
      109 19 AFP YOKOHAMA has chartered the British luxury liner Queen Elizabeth II for use as a floating hotel for two months beginning in March 1989, Japanese city officials said. The officials said the 67,140-ton passenger ship will attract visitors to the Yokohama Exotique
      AFP  -  109 words
    • PORTSIDES
      • Article
        Lock icon Witass to raise Kingston surcharge
        97 19 Reuter THE ASSOCIATION of West India Trans-Atlantic Steam Ship Lines (Witass) said it will increase the Kingston Stevedoring Additional Charge on Feb 22. The charge will rise to US$ll.B5 per freight ton westbound from U559.55 and to US$5.7O per freight ton eastbound from US$3.4O. Witass
        Reuter  -  97 words
      • Article
        Joint research into lubricating oil
        135 19 LLOYD'S REGISTER and Mobil Oil have begun a joint marine research project into the effectiveness of lubricating oil analysis as a condition monitoring technique. The project aims to identify the relevance of this technique to future classification survey procedures and to contribute to changes in
        135 words
      • Article
        Lock icon Smit posts negative operating result
        129 19 Reuter DUTCH SALVAGE firm Smit Internationale NV said it had posted a negative operating result of 61 million guilders in the year to end-September 1987 compared with an operating profit of 18 million guilders the year before. After taxation, Smit had a net loss of
        Reuter  -  129 words
      • Article
        Dragon detained by Chinese officers
        88 19 CHINESE CUSTOMS officers broke the biggest cigarette smuggling operation for years when they intercepted a Philippine ship off southern China and arrested five Hongkong men, the official New China News Agency said. The ship, named Dragon, contained 2,800 cases of cigarettes worth 4.25 million yuan
        88 words
      • Article
        China Ocean extends port call
        41 19 CHINA OCEAN Shipping Co will make direct calls at Yokohama tfom April within its Hongkong, Kobe. Longbeach. San Francisco. Seattle and Vancouver service. It will also increase its frequency from three to four times a month.
        41 words
    • Article
      Lock icon Record levels on Biffex indicate freight rates will hold firm
      496 20 Reuter CURRENT RECORD levels on the Baltic International Freight Futures Market (Biffex) indicate that freight rates will hold firm through the Northern Hemisphere for the second year running, Biffex traders said. The mid-year period is normally weak for the dry
      Reuter  -  496 words
    • Article
      Lock icon Saudi Navy sinks mine instead of exploding it
      111 20 Reuter THE SAUDI ARABIAN Navy tried to explode a mine floating in the approaches to its oil terminal at Ras Tannurah in the Gulf on Monday, but sank it instead. shipping sources in the region said. "Now, with the mine under water,
      Reuter  -  111 words
    • Article
      INDEX TO ADVERTISERS
      975 20 AB Shpg V 5 ABC Contoiner VN 1 Accord Shpg VI 3 Ahrenkiel liner 3 Atrico Oceon XI 2 Alltrons VII 3 AC Toepler XI s American Tp» XN 4/5 Anro Service IV 2/3 Arrow lines IX 5 Anon Oceon XI 4 Alios line X 5 ANl
      975 words
    • Article, Illustration
      Lock icon World tanker fleet increases slightly to 240 m long dwt
      454 20 Reuter THE WORLD TANKER fleet rose slightly in the second half of last year to 239.37 million long dwt (2,886 vessels) from 238.66 million (2,873) on June 30 last, London shipbroker John I Jacobs said. Reporting this in its half-yearly
      Reuter  -  454 words
    • Article
      Lock icon China delivers oil tanker to Chile
      92 20 Reuter SHANGHAI has launched an oil tanker ordered by Chile, the first ship built by a Chinese yard for a South American country. The official New China News Agency said the tanker, with a deadweight capacity of 62,200 tonnes, was built by the Shanghai
      Reuter  -  92 words
    • Article, Illustration
      Lock icon Taiwanese harbours experiencing heavy congestion due to tariff cuts
      309 21 Reuter TAIWAN'S main harbours are jammed with ships that have been waiting to unload cars, grains and other goods in anticipation of import tariff cuts that went into effect on Monday. officials said. Almost 80 ships were waiting or unloading cargoes
      Reuter  -  309 words
    • Article
      Lock icon WEEKLY FREIGHTS
      867 21 AFP IN VIEW of firmer rates obtained by Panamax vessels (50,000-70,000 vessels capable of navigating the Panama Canal) in the Atlantic, many brokers raised their nominal quotations on the freight market over the last week. As a result the Biffex index (Baltic International Freight Futures Exchange) lept ahead
      AFP  -  867 words
    • Article
      SHIPPING LIST where your ships are due... and when
      7809 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of
      7,809 words
    • Article
      LONDON FREIGHTS
      1487 27 1 RATES continued to climb steeply on the London shipping freights market on Monday on US grain export trades while a generally firm tone prevailed throughout all other areas of the market. In the US Gulf grain loading area, Showa paid U5525.50 (fio) for a 52,000 ton mid-february
      1,487 words
    • Article
      SHIPS IN PORT
      1541 27 AT CONVENTIONAL WHARVES JURONG PORT Vessel Horizon StO< i3 olongside 1002 2300 Berth Arrival Departure Indro Sofcti Mory J2 J8 9 olongside alongside 1002 2300 10 02 0600 KEPPEL WHARVES Pytr UowOf Jl olongside 1002 2359 fo'teng *32 Olongtxto 1002 0200 PulOu Sunotco J3I olongside 1002 2300
      1,541 words
    • Article
      Who acts for whom...
      2028 28 4—B 4b Shipping Boustead Shpg Agencies. Containerline NV S pore 9hpg (S). S:cord Shpg Accord Shpg (S). Rica Ocean Lines Seal ion Shpg i /prenkiel Liner Kim Shpg (S). Alfred C Toepfer Ocean us Shipping Agencies (S) Multiport Sdn BM (PK). Allans Alltrans Express. American President
      2,028 words
    • Article
      Lock icon Sealink asks court to seize UK union's funds
      383 30 Reuter BRITISH FERRY operator Seal;r3# h3S asked the High Court to w*epder the seizure of the NationJJJlpJnion of Seamen's funds for ylaHing to call off the ferry strike **JsRmediately after last Mon•MMy's "no strike" injunction. effwLThe company's lawyer told court that the
      Reuter  -  383 words
    • Article
      Lock icon Vietnam will start regular service to Japan on Feb 20
      224 30 AFP VIETNAM will inaugurate its first regular freighter service to Japan this month in an effort to promote bilateral trade, a Japanese shipping company said. The 800-ton refrigerator ship White Lotus will leave Ho Chi Minh City, southern Vietnam, for
      AFP  -  224 words
    • Article
      Lock icon KOTC places three tankers under Liberian flag
      184 30 Reuter THE KUWAIT Oil Tanker Company (KOTC) has put three of its refined product tankers under the Liberian flag, leaving only five of its 22-ship fleet still registered in Kuwait. A KOTC official declined to give a reason for the move, which the
      Reuter  -  184 words
  • Page 19 Advertisements
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      761 19 *°v < \s ts+t4***-rt m, 3m STP Distributors w\w Onient Overseas CttUaim* Lime AMERICA ATI ANTIC EXPWFSS (ROUND THf WORLD ROUTING FXPORT MR WW SHIPPINC AGENCIES (Ra«. N*. WOOK 200 Ctntonmant Road #12-06 SogtM"»t Swppora 0201 Tal *****11 TELEX NO RS ***** ITERMINAL/CfS Td *****11 220 BOOKINGS T«J *****34 235
      761 words
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      Page 19 Advertisements Column 2
      127 19 mm CURRENT RECORD levels on the Baltic International Freight Futures Market (Biffex) indicate that freight rates will hold firm through the Northern Hemisphere for the second year running, Biff ex traders said. Page II TAIWAN'S main harbours are jammed with ships that have been waiting to unload cars, grains and
      127 words
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      Page 19 Advertisements Column 3
      644 19 STP Distributors SINCA^ i X a* si Ttnta* >ut>rt»n Group MAERSK LINE FAST TRANSIT TO CHARLESTON 39 DATS FROM SINGAPORE 34 DATS FROM PORT KELANC 33 DATS FROM PENANG Ths weak AjM M Oovng Tm cy «y? 2300 MW CFS 10/2 1300 MRS AXEL M. ANLO M LUNA M. ARTHUR
      644 words
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      Page 20 Advertisements Column 1
      548 20 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPT IN6 CARGO TO: AU UK INLAND DESTINATIONS, BELFAST. DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN 1 S AMERICA CONTAINER SERVICE FROM UK/CONTINENT KOBE 2V2. TOKYO 29/2 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE ■I Singapore *****00 Bookings *****06 CFS *****48 K. Lumpur
      548 words
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      Page 20 Advertisements Column 2
      88 20 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. C SA V Corrpjrvj Sud Amcricoru do V.ipcrcs S; O I EXPRESS SERVICE TO/FROM CHILE fUDCR VESSEL IS'POREI MOTHER VESSEL NK MICA KN ANTOf VAIP SAI ARAUCO A VtSStL CAR CARRIER (YOK 2M)
      88 words
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      Page 20 Advertisements Column 3
      501 20 NOTICE FAR EASTERN FRERSHT CONttKHVCE SARAH, BRUNEI AND SARANAR FREIGHT CONFERENCE FAR EAST/GULF OF AKN AND RES SEA PORTS CONFERENCE NOTICE TO SHIPPERS CONGESTION SURCHARGE The member lines of the above Conferences have been monitoring the berthing situation at the undernoted ports and have reported and agreed on the following:MISURATA
      501 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      1024 21 The Straits Steamship Group Mansfield Container Shipping Pte Ltd F&O Containers rk»i ;ir; :wxa\ rial STRAITS SHIPPING Singapore to Sabah, Sarawak, Brunei Ports and Bangkok CONTAINERSHIP SERVICES TO/FROM BANGKOK mwwi bay RHINE lUU TOM) EXPRESS KOM.OON MT BENAVON OSAKA lAY KITAHO MARU LARCS MT HONS KONG EXPRESS CAMMGAN MT Alio
      1,024 words
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      Page 21 Advertisements Column 2
      596 21 SGS NSPECTION MARINE SURVEYS (IN 140 COUNTRIES WORLDWIDE) SGS SINGAPORE (PTE) LTD 71, AYER RAJAH CRESCENT #07-18 AYER RAJAH INDUSTRIAL ESTATE SINGAPORE 0513 TEL: *****50 (MARINE DEPT/INDUSTRIAL DIVISION) TLX: SGS RS ***** FAX: (65) *****27 El EUROPE K*Zl ACCEPTIM CMCO TO/FMO HM M£ OTWI W PMTS M REQUEST USA/PANAMA TO
      596 words
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      Page 22 Advertisements Column 1
      297 22 HXSINOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE IRAN SHOJAAT Singapore Loading for:16/2 BANDAR ABBAS (2nd tall) [S| KYOWA LINE PNG/S. PACIFIC SERVICE Singapore Loading for: URANIA 4 27/2 JAYA, LAE. HRA, TLG, LTK, MALAU MICRONESIA SERVICE SPORE PK LOAD FOR A VESSEL 25/2 27/2 SAIPAN,
      297 words
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      Page 22 Advertisements Column 2
      742 22 tS>. LINE iia/i smwk FULLY CONTAINERISED SERVICE T TO EUROPE VIA SUtZ A Member of the Ace Consortium r FROM E'JROPE VIA SUEZ J Mfmbft ol tht Acf Consorts KOREAN JACEJIN 42E KOREAN JACEWON 61E NEPTUNE CRYSTAL 43E CHINA CONTAINER 43E HONGKONG CONTAINER S3C 19 2 202 222 13 S3
      742 words
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      Page 22 Advertisements Column 3
      317 22 TA FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTAGONG: SAILING 14/2 22/2 EURO-AFRICA LINE FOR: PORTO, LISBON, ORAN, BILBAO MADRID, MALAGA, MELILLA, TANGER. TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ISTANBUL U.S.A. ALSO ACCEPTING TO CHICAGO. BOSTON. JAV. PHIL. SAV, MIAMI t ALL INLAND OESTNS. PAPUA NEW
      317 words
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      Page 22 Advertisements Column 4
      1387 22 m EVERGREEN Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKC KSC KL6 PUS EVER GENIUS EVER GLEAMY 14/2 n/i np T*n m w w vij EVER MEET 21/2 25.2 27/2 20/2 3/3 S/3 1/3 25/3 EVER O.ME 3/3 7/3 0/3 11/3 14/3 li/3 17/3 sft EVER GENTLE 0/3 13/3
      1,387 words
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      656 23 PACIFIC INTERNATIONAL LINES \V\ PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE SSEL MAJAPAHIT lOTA S4NOA VOY SIN JKT SBY VOY 17SB SLD SCO 16NBA 2358 SLD SLD In PI 24N8 IMB IS/2 IS/2 20/2 20NB 07SB S/3 10/3 13/3 06NB SIN POD MKG
      656 words
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      Page 23 Advertisements Column 2
      211 23 T* NORBUL NORBULK CARGO SERVICES LTD REGULAR CONVENTIONAL SPOftf MARATHON UNITfD AQNCI PTF ITD TFI 777W66 KI PK SP VFO SHPC Tunc fi 'UNMJ PK KMIGI PfNANG TANIONG MARtNf SDN RHO Tfl V&W SABAM TRAMSPAC KK TFI i«m *****8 I*> t A BREAKBULK SERVICE TO EUROPE/UK S pore P.Kelang Loading
      211 words
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      406 23 ta BEN LINE CONTAINERS TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEAIAMD, NEW CALEDONIA FIJI AND SOUTH PACIFIC ISLANDS SIN NOUMEA AKL T6A NAP TIM BLUFF 2/3 31/3 4/4 7/4 IQ/4 12* 13/4 JEBSEN SOUTHLAND 22S 3/4 27/4 31/4 3/S W «/5 9/5 ACCEPT INC LAUTOKA, SUVA. APIA, PAGO PAGO.
      406 words
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      Page 23 Advertisements Column 4
      316 23 DJASAGETRI A Joint Europe Service Of: p.t. Djakarta lloyb p.t. besuii llotd P.T. SMMBBM HBONESIA P.T. THKOM LLOTI EXPRESS SEMI CSNTUNERSHIP SERVICES PRE LUNAR NEW YEAR LOADER SPECIALLY ARRANGED FOR YOUR SHIPMENT VSL/VOY MATARAJM/20WB ANTWERP ROAM/ADAM 15/3 H'BURG/BREMEN 19/3 Butofact to Mucamant Also accepting cargo to Casablanca, Port SaM, Port
      316 words
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      Page 23 Advertisements Column 5
      434 23 BOUSTEAD SHIPPING AGENCIES BURMA FIVE STAR (Burmese National Line) S pore HTONEYWA V232W Fai) PAGAN VIM lyii Feb PA AN VI2IW J/ii r!! PAGAN Via VI mT P.Kelang Penang Bangkok IVH f«t 1217* r+ BANK UNE SPORE ROAM HULL NORTHBOUND TO UKC CLYDEBANK V&N FORTHBANK V2IN TAMAITAI SAMOA VI2N IVYBANK
      434 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1319 24 "K"UnE SHIPPiriG OPlTfl flTLflriTkC COAST (Round-The-Wor!d Service) •PK/PNG SPORE LB CHLS NFK NYC HFX ORIENTAL FAIR V 7 Sid 11 Feb 5 Mar 15 Mar 17 Mar 19 Mar 73 Mar RAINBOW BRIDGE VII 13 Feb 18 Feb 12 Mar 22 Mar 24 Mar 26 Mar 30 Mar NEPTUNE GARNET
      1,319 words
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      Page 24 Advertisements Column 2
      696 24 'M INDIA EXPRESS CONTAINER SERVICE SOA PRADESH V.36H THEOOOR FONTANE VIM S O NAGALAND V UN INDIAN COURIER V7M THEOOOR FONTANE V 16N S O TRIPURA VMM INDIAN COURIER V 30N THEOOOR FONTANE VI7N RAVIDAS V 3M Accepting FCL/FCL Containers Smfipore P Ketone Penan* Lo Mother Vsl By Feede< By
      696 words
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      Page 24 Advertisements Column 3
      692 24 GOLDEN LINE GUAN GUAN SUPPING (PTE) LID S. Tttot Ay*f StrMt SINGAPORE MM TEL U43MI (10 LINES) Fu S343SM STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Cotonbo/Kwachi Dubai GOLDEN LAND Colombo Karachi Dubai CHINA SERVICE A VESSEL Shanghai Hsmkanf S po»e P Keiang Penant 23/24 Feb 12/14 Iter 20(21 Feb CHINA OCEAN
      692 words
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      Page 24 Advertisements Column 4
      446 24 inu i imaa, rregnesqay, feoruary IU, i»oo 'B PHILI OIIICNT LIN€S PT€ LTD H£AD OFFXf 63 ROB NSON ROAD »0 7 1? AfRO AS A BUUOING SINGAPORE CICS Tfltl RS ***** PMIU FAX *****76 58 ryn N KONG KOK. KEELUNG. MAMUL MMGKOK, TOKYO. COLOMBO KARACHI, BOMBAY EAST AFRICA MEDITERRANEAN MOMBASA.
      446 words
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      863 25 1 NEPTUNE ORIENT LINESLTD NEPTUNE AGENCIES PTE. LTD. Ft EU/AUST TPA/SE Terminal CFS BOOKINGS *****53 2787« *****22 *****53 *****H 27*111 27*111 27*141 NEPLINE SON BHD 3MM7 INWARD/OUTWARD NEPLINE SON BHO. 2C***** ENQUIRIES 27»7M NEPLINE SON BHD. t2oo3Vt27tfoft27ttl/12rt62 NEPLINE SON. BHD. zammmi FAR EAST/EUROPE FULLY CONTAINERISED SERVICE A ap* N. TO
      863 words
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      Page 25 Advertisements Column 2
      544 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO: P. KELANG. PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE Vessel s Name ETD BS BKK S PORE PKELANC BUSAN MOJI 13 ISO 2 15 16«2 KUKO 02/03 2° Ow»*n«)lN 21/01 01/07 13 15/02 15-14/02 #N° 6 DowmMlN 02/02 1««2 17-IMB 22 24/02 05-07)03
      544 words
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      Page 25 Advertisements Column 3
      696 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** P. KELANG HAI THONG SHIPPING 127 Ptnang Street. Penarig, Malaysia Malaria Cables JAYAPOH PENANC, T«l: 522M4/C2M/ Tato:
      696 words
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      Page 25 Advertisements Column 4
      20 25 (a*) <] MADJU SENDIRIAN BERHAD ?0-12. long Eng Building Singapore 0106 Tel t >8787 3 REGULAR VESSEL SERVICE TO BELAWAN WEEKLY
      20 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      356 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TEL 225 6868 <30 lmes> fAX *****39 *****76 TILEX RS ***** A B SSCMA RS ***** A B SSCAD DSR-LINES VE.B DEUTF RACHT/SEEREEDEREI RfjSTOCK INTEGRATED FULL CONTAINER SERVICE COLOMBO: Accepting cargo tor INDIA Bombay, Cochin. Madras Calcutta ~WA LARNACA Accepting cargo for Lattakia. Piraeus, Thessaloniki.
      356 words
  • Page 26 Miscellaneous
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      Page 26 Miscellaneous Column 1
      162 26 fi Regional Weather MHtofa MS i r>> 0 #< H I n a V 53 *3* SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. THIS MORNING. LEGEND c/* Wind direction with speed in knots Wove height R Thunderstorm Temperature c A VJ Shower Weather —Wind direction with speed m knots
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      Page 27 Advertisements Column 1
      707 27 <CFS > CRYSTAL FREIGHT SERVICES PTE LTD T*l: *****88 (8 Lldm) REGULAR CONSOL PORTS: ETD USA (LA, HOU, NY, 17/2 INLAND POINTS) EUROPE (HAM, ROTT, FLX, LDN) 24/2 NZ (AUCK, WELL, LTON, 14/2 DUN) AUST (SYD, MELB, FREM) 13/2 FAR EAST PORTS WEEKLY m UNI-OCEAN LINES PTE. LTD. 60 Cecil
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      Page 27 Advertisements Column 2
      241 27 o. UNIPACIFIC TRANSTRADING AGENCY PTE. LTD. cn a n IJ mil ajjjf j —111 o fmJ Algerian National Line FAR EAST I MEDITERRANEAN SERVICE M.V. AIN TEMOUCHENT M.V. BIBAN S PORE LOADING FOR 16/2 ALGER. ORAN, ANNABA/TUNIS 25/2 JEOOAH, ALGER ORAN. ANNABA ALL VESSELS ACCEPTING FCL CONTAINERS FOR JAPANESE PORTS
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      Page 28 Advertisements Column 1
      694 28 m FINK LINKR SHIPIMNCi PTK LTI) 0 SHpnton Wiy ft! 0?C Mirmi Housf S pore 0?0/" TFI (fc I ine<-) TLX RS FL INF R fAX EUROPE SERVICE JSJ »w iw mi 27/7 an t u/i rs PAR EAST SERVICE Nfl 2*2 W Itt IV2 ZUi U W uc m
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      Page 28 Advertisements Column 2
      426 28 ZIM FULL CONTAINER SERVICE accepting FCL/LCL cargoes to USA East t est Coast. Carribbean.East Canada, HAITI. Costa Rica, El Salvador, tenia I a Honduras. Venezuela. Peru. Ecuador, Colombia via Miami, rinidad. Barbados. Antigua. St. Lucia, Montserrat, Guayana via ingston. I'iMTW .'MTI *****5: ACCEPTINS CARSO TO AOCIAIOE VIA MELBOURNE AND ALSO
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      Page 28 Advertisements Column 3
      587 28 Everett LinesT\ TC& COMPANIA PERUANA m DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHIR PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. JOHNEVERETT MURRAYEVERETT THOMASEVERETT P Keljng* Singapore 14/15 Fat 22/23 Fct S/7 Mar "EVERETT ORIENT LINE' JAPAN/BAY
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      Page 29 Advertisements Column 1
      23 29 SPORE/ MOMBASA MV LADY OF LORNE IN PORT TILL 22/23 FEB AGENTS WINDMILL TEL: *****21 TLX: R*****7 TAI KUANG HANG CO PTE LTD
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      Page 29 Advertisements Column 2
      65 29 RANGOON/CALCUTTA (S'PORE/RGN/CAICUTTA/S'PORE) Eta S'pore Eta Rangoon MV KHUNKAEK Vl6/88 27/2 4/3 SEACUPPER SMPPMO ENTERPRISES PTE LTD TEL: *****64 TLX: ***** SSEPL -b TflYO SHIPPING LINES PTE LTI) TEL *****25 |3 Linei) TLX RS ***** TAYOIN VESSEL S'PORE lutajii utama an A VESSEL 2%n A VESSEL 22/2 LOADING FOR DUMA I,
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      Page 29 Advertisements Column 3
      568 29 LCL/FCL SERVICE ETA SPORE 14/2 22/2 vsAmw *<•0 occopMng corgo to FMQ F MORESBY, WET* RABAUL, LAE, MAOANQ. WEWAK. SOLOMON OLANOe HONIARA NEW CALEDOMA NOUMEA TAHITI FAEETE E. MALAYSIA S BRUNEI EUROPE. USA. CANADA S AUSTRALIA TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST Uii'KU LUCKY SEAWAY SERVICES PTE 110
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      Page 29 Advertisements Column 4
      828 29 ©POH TIONG CHOON SHIPPING (PTE) LTD TEL *****66 (10 LINES) FAX: *****4* TELEX: R*****6 POHSHIP KEELUNG/KAO HONG KONG BANGKOK JAKARTA MANILA LCL/FCL SERVICE TO 14/2 21/2 28/2 BUSAN 22/2 1/3 7/3 TOKYO/YOKO 13/2 20/2 27/2 UK/EUROPE 13/2 20/2 USA/CANADA 12/2 19/2 24/2 DURBA 15/2 21/2 1/3 11/2 18/2 25/2 24/2
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      324 30 Hai Sun Hup Co (Pte) Ltd t 2?04W6 |?n Linpsi TLX MS .>,>OM RS ?067? ft. I \s| I K\ K I I\ 1 K lll> STRAITS/ JAPAN/ STRAITS SERVICE PECIALIST IN RO-RO HEAVY LIFTS "Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG, TAIWAN A CHINESE PORTS.
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      Page 30 Advertisements Column 2
      490 30 C.CMTTT RELIABLE AND FAST TRAMSIT UUm V WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANAOA/lIEXICO AND FRENCH WEST INDIES For: Halifax, Montreal. Toronto, Now York, Baltimore, Portsmouth, Norfolk, Savannah Alto serving GULF Miami. Mobile. New Orleans. Houston/Me*ieo Vara Cmz Mexico City/FRENCH Indies Port O* Franc*. Pointre A. Mtrt. Degrad 0 Cannes V^Q
      490 words
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      Page 30 Advertisements Column 3
      207 30 ILL LCL WEEKLY SERVICE TO: UEELUNG IS/2 HAW/BR EM 11/2 BANGKOK 16/2 MTTERMM 11/2 NQN6KQN6 11/2 TUNY 11/2 FftBAANTLE 18/2 SYB/MHJ 21/2 ADELAIDE 16/2 (transit tlma 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY ETO GERMANY ETA S PORE CON-CARRIER 58/87 21/1 11/2 CON-CARRIER 57/87 28/1 18/2 LCL SERVICE TO CARRIBEAN
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      Page 30 Advertisements Column 4
      717 30 Dauu, i CALL US AT? P. KELANG J PENANG 1 J. BAHRU psi P. GUDANG f| SINGAPORE M K LUMPUR *tS7B/W7lll 04-€*****/4, €***** •07-241 M •07-*****3, *****5, *****0, *****1 <02-*****22 242HM WEEKLY FAR EAST/EUROPE CONTAINER SERVICE if.¥4TI.K urur"A GOTKMBUW TOT MM PUBUi KORRICAN B lUTANC 417 I. BUT AM <H
      717 words