The Business Times, 26 February 1988

Microfilm: NL16090
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 95/12/87 FRIDAY, FEBRUARY 26, 1988 75 CENTS
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  • Article
    Lock icon FINANCIAL NEWS SUMMARY
    256 1 AFP Dow Jones WALL STREET stocks were mixed early in the session yesterday following a smaller-than-forecast upward revision in the fourth quarter Gross National Product The dollar eased on disappointment in the revision. The report featured a downward revision in inventories and net exports. The Dow 30
    AFP  -  256 words
  • Article
    YHS enters stockbroking with big stake in Tsang and Ong
    494 1  -  By LISA LEE CASH-RICH Yeo Hiap Seng Ltd (YHS) has found a new niche in the lucrative stockbroking business with an agreement to take a major stake in Tsang and Ong Stockbrokers (Pte) Ltd. The food-and-drink group, headed by chairman
    494 words
  • Article, Illustration
    Tokyo shares pull ahead as local stocks languish
    170 1 THE TOKYO stock market moved steadily upward with a force of its own in its 11th consecutive rise while markets in Australia and Singapore continued to drift downward. In Tokyo, the Nikkei Index rose 132.01 points, or 0.53 per cent, to 25,100.66,
    170 words
  • Article
    Dollar recovers against yen
    161 1 AFTER opening weaker against the Japanese yen at the start of trading in Tokyo yesterday, the US dollar rebounded to finish near its Wednesday closing level in New York. The recovery of the dollar came after news broke that the Bank of Japan called traders to
    161 words
  • Article
    Lock icon Mahathir in Rangoon for trade talks
    164 1 AFP MALAYSIAN Prime Minister Mshathir Mohamad arrived in Rangoon yesterday on a three-day official visit and for talks with Burmese Premier Msung Msung Kha on expanding bilatersl trade. Malsysia ranks as Burma's second largest trading partner next to Singapore among non-communist South-east Asian countries,
    AFP  -  164 words
  • Article
    Lock icon Hainan granted powers to attract foreign investment
    371 1 AFP CHINA has granted Hainan Island, soon to become the country's newest province, an array of economic freedoms to help the undeveloped island lure foreign investment. China Daily reported in Beijing yesterday. The island will be a laboratory for economic practices from other
    AFP  -  371 words
  • Article, Illustration
    Documents prove US reneged on GSP promise
    604 1  -  BETTER DEAL TIED TO TOUGHER COPYRIGHT LAW By BOEY KIT YIN OFFICIAL DOCUMENTS wsre released yesterday by the government to show that the United States had reneged on an agreement on the Generalised System of Preferences. The documents were released by Trade and
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  • Article
    Lock icon Lankan militants offered fresh amnesty
    277 1 AFP SRI LANKAN President Junius Jsyewardene has offered s fresh amnesty to Tamil and Sinhaleee militants if they support a peace pact aimed at ending the island's ethnic strife. Mr Jsyewardene told parliament in Colombo yesterday that he would also lift a ban on rebel
    AFP  -  277 words
  • Article
    Lock icon BHP spurns suitors
    59 1 Reuter AUSTRALIA'S Isrgest company. Broken Hill Proprietary Co (BHP), has finally fended off aggressive suitors Robert Holmes a Court and John Elliott. Shareholders approved yesterdsy a decision to spend A 52.7 billion on buying BHP's own shsres to shield it from takeover. The Oct 19 stock market
    Reuter  -  59 words
  • Article
    Lock icon Taipei expects economy to grow by 7pc
    115 1 AP THE TAIWANESE government yesterday estimated the economy would grow by 7 per cent this year, down from last year's robust 11-per-cent increase. The Directorate General of Budget, Accounting and Statistics in a press release also predicted that Taiwan's annual trade surplus would
    AP  -  115 words
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      129 1 I I I f wiHfo For the best in Sichuan and Seafood Dishes it M V Steamed Omelette with Seafood ttfiiXliUS Dragon City Sichuan Restaurant Dragon City Sichuan Restaurant is famous for its exquisite Sichuan Cuisine. Savour some of the marvellous delights from w,™, r™ s™ our menu comprising of
      129 words
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      376 1 FOCUS, Page 13: Chip safes tipped to lis* further Leading manufacturers locus on mstal oxide semiconductor! US firms sharpening +~%``@{{!{\@!'~%!`)[>(<~'"'=[=' Gatt yet to get out of limbo GATT (the General Agreement on Tariffs and Trade) is an international treaty which commits member countries to abide by certain rules in trade.
      376 words
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      51 1 t Melwani, exclusively male. NovjOt pen at B nternational uilcling (Next to L'do Theatre) 360 Orchard Road "01-18 V' r iZ mkgm *02-55/56/58 Wisma Atria Tel: *****25 *02-14/15, Shaw Centre Tel. *****42 *02-23, Ptazo Singapura. Tel: *****29 2nd level, Metro Grand Scatty Tel: *****63* Ist level. Metro Marina Square, Tel:
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      25 1 EP4IOZ QUADRUPLE ZOOMING POWER MINOOA Power-enlarging to 4 times original size. Shipping Tlmea comet as a separate section today. Make sure you get your copy.
      25 words
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  • HOME NEWS
    • Article
      Local training body seeking bigger national role
      493 2  -  STADA wants to help set directions and carry out research By ANNA TEO THE SINGAPORE Training and Development Association (STADA) has mapped out plans to become a full-fledged professional body spearheading Singapore's training movement. The 350-strong body of trainers from the public and
      493 words
    • Article
      SIPM joins call to hold back rise in labour costs
      595 2 THE Singapore Institute of Personnel Management has become the latest body to ask the government to hold back the proposed increases in labour costs. The government has earlier indicated that if the economy does well in the first quarter, it
      595 words
    • Article, Illustration
      Murdani calls on President Wee and PM
      143 2 GENERAL Benny Murdani, Com-mander-in-Chief of Indonesia's armed forces who is retiring, yesterday called on President Wee Kim Wee at the Istana as part of his farewell visit to Singapore. He also called on Prime Minister Lee Kuan Yew, First Deputy Prime Minister and
      143 words
    • Article
      Chandra Das to talk on SMEs
      65 2 A TALK on new business opportunities for small and mediumsized enterprises will be held tomorrow .at the Singapore Malay Chamber of Commerce. The talk is open to all SMCC members, their guests and members of the public for a participation fee of $8 each.
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    • Article
      Prices of two Shell products down
      57 2 FROM TODAY, posted prices of two Shell Eastern Petroleum Lirrited's products will be reduced. Jet A-1 will go down by five cents to 52 US cents an American gallon. Regular kerosene will also drop by five cents to 51 US cents a gallon. Posted
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    • Article
      Chinese New Year party at the Istana
      99 2 A CHINESE New Year garden reception party will be held on Sunday at the Istana for leaders of grassroots, social and cultural organisations. First Deputy Prime Minister Goh Chok Tong and other Cabinet Ministers will host the function. A Ministry of Community Development
      99 words
    • Article
      Prices of local farm products up marginally
      97 2 AVERAGE PRICES of local farm products went up marginally last year, according to the latest price index released by the Department of Statistics. Higher prices were paid for leafy vegetables, which climbed by 17.9 per cent in the year. Prices for fruit vegetables
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    • Article
      Contractors question two policies
      401 2  -  By LEE HAN SHIH CONTRACTORS are not happy with two recent government policies to re-register and punish contractors. In letters to the Singapore Contractors Association Ltd (SCAL), contractors said while they recognise that such policies may be necessary, the government has overlooked some aspects in their
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    • Article, Illustration
      PEOPLE IN BUSINESS
      380 2 TED AMABIKI is now the Pan Pacific Singapore Hotel's acting general manager following Manfred Haeger's resignation. Mr Amabiki will also hold the portfolio of executive director of Tokyu Hotels International (headquarters of Pan Pacific hotels) in charge of Pan Pacific hotels in South-east Asia. He has 26
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    • Article
      Keeping track of foul play at the Olympics
      134 2 OLYMPICS organisers are improving techniques for screening athletes for the use of chemicals that might give them an unsporting advantage. This year, at the Winter Olympics at Calgary, the organisers have set up a US$l.5 million medical control laboratory for screening purposes.
      134 words
    • Article
      Elgin Bridge to be rebuilt
      85 2 THE PUBLIC Works Department recently awarded a contract to rebuild the 61-year-old Elgin Bridge spanning the Singapore River. The bridge will not only have its original splendour restored but will have all its architectural features preserved as well, according to a PWD statement released yesterday.
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    • Article
      A peek at the Polytechnic
      164 2 STUDENTS of the Singapore Polytechnic will be presenting talks on their Poly experience to "O" level school-leavers who are waiting for their results, during its Courses and Careers Carnival today and tomorrow. School-leavers will be able to attend special shows to find out about the
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    • Article
      Cheaper fruit
      91 2 PRICES of most kinds of fresh fruit fell last year, according to the latest government figures. The biggest drops were for papaya (down 12 per cent in a year) and water melon (about 10 per cent). For bananas (both the emas and keling varieties), pineapple, orange and apple,
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    • Article
      Lock icon Asean to examine non-tariff curbs
      371 2 MBT SENIOR ASEAN officials will look into the various non-tariff barriers (NTBs) imposed by the six member nations to halt and roll back these impediments to greater intra-Asean trade at a meeting in Singapore beginning today. The move is needed for greater economic ties in
      MBT  -  371 words
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      91 2 Leader Page 12 DISTRIBUTION BUSINESSES WANTED Our client, a large company in Singapore, is seeking to purchase existing distribution businesses holding international agencies in the consumer and luxury consumer field. The following categories of business are of particular interest: FOOD (FROZEN, CHILLED, DRY) BISCUITS/CONFECTIONERY COSMETICS/FRAGRANCES CAMERAS/FILMS WRITING INSTRUMENTS DESIGNER CLOTHES
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      66 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day Public lecture by Professor George E Palade (Nobel Laureate and Senior Research Scientist, Yale University School of Medicine) Lee Kuan Yew Distinguished Visitor Topic Structure and Function at the Cellular Level Date Friday, 26 February 1988 Time 6.00 pm Venue
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  • YESTERDAY IN PARLIAMENT
    • Article
      There will always be people who fear speaking up, Chiam told
      343 3 DR YEO NING HONG yesterday refuted suggestions from Opposition Member of Parliament Chiam See Tong that people were afraid to speak up because of reprisals from the Government. The Communications and Information Minister also pointed out that Mr Chiam,
      343 words
    • Article
      Why NUS admission standards must stand
      248 3 HIGH ADMISSION standards to the National University of Singapore cannot be compromised because they are in the interests of the country. Education Minister Dr Tony Tan said in Parliament yesterday. Responding to calls to let more into the universities. Dr Tan said admission standards
      248 words
    • Article
      CAAS to study trigger mechanism approach
      306 3 THE Civil Aviation Authority of Singapore will for the future explore the "trigger mechanism" approach in air talks. Communications and Information Minister Dr Yeo Ning Hong said: "For the future, CAAS is exploring with civil aviation authorities in other countries the possibility of automatic
      306 words
    • Article
      Firecrackers: turning on the heat
      186 3 PEOPLE caught selling or letting off fireworks and firecrackers will be punished more severely under a proposed amendment to the Dangerous Fireworks Act. Those convicted of selling or trafficking fireworks and firecrackers will be jailed for between six months and two years and be given
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    • IN BRIEF
      • Article
        Decision on wards
        112 3 THE GOVERNMENT will decide whether to create more constituencies after the Select Committee on the Team MP bills has made its report to Parliament, First Deputy Prime Minister Goh Chok Tong said. He declined to say when the next general election would be held. Prof S Jayakumar,
        112 words
      • Article
        No discrimination
        57 3 LABOUR MINISTER Lee Yock Suan assured the House that there was no discrimination against smaller companies under the foreign worker policy. The factors which decide whether a company can recruit foreign workers are export capability and contribution to the economy. But such workers are only permitted in the
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      • Article
        Maternity benefits
        38 3 NO DECISION has been made to extend maternity benefits to working mothers bearing a third child. Working mothers can already claim a rebate of 15 per cent (or about two months) of their annual earned income.
        38 words
      • Article
        HDB redevelopment
        56 3 THE HDB expects to start its redevelopment programme in 1989, said the Minister of State for National Development. Dr Lee Boon Yang. The actual schedule will depend on how soon the affected tenants can be relocated. The emphasis, especially in the city area, will be on a mix
        56 words
      • Article
        Problem contained
        35 3 THE PROBLEM of forged driving licences is now under control. There were only 25 cases last year, compared with nearly three times that annually before a new procedure to verify licences was adopted.
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      • Article
        Schemes working well
        65 3 THE SCHEMES to get transit passengers to return to Singapore for a longer visit are working well, Communications and Information Minister Dr Yeo Ning Hong said. Nine of 10 passengers who took the free city tours said they would return, a survey of 246 showed. Since the
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      • Article
        Update on Aids danger
        34 3 IT IS UNLIKELY that Aids has spread to newborn babies in Singapore,* which is why these infants are not tested for HIV antibodies, said acting Health Minister Yeo Cheow Tong.
        34 words
      • Article
        Right to stay
        72 3 THE GOVERNMENT has made it very clear to foreigners who marry Singaporeans that the marriage does not automatically give them the right to live permanently in Singapore, said Community Development Minister Wong Kan Seng. This is spelt out to work permit holders by the Commissioner for Employment,
        72 words
    • Article, Illustration
      Parliament endorses Agenda
      438 3 PARLIAMENT yesterday accepted the ruling party's Agenda for Action with a lone "nay" from opposition member Chiam See Tong. First Deputy Prime Minister Goh Chok Tong, in asking that the House adopt the goals and challenges contained in the Agenda, said it provided Singaporeans as well as
      438 words
    • Article
      Six committees to help carry out plans
      127 3 SIX COMMITTEES, each headed by a minister, have been formed to oversee the implementation of specific programmes under the Agenda for Action. Second Deputy Prime Minister Ong Teng Cheong heads the committee on Culture and Arts while Mr S Ohanabalan, Foreign Affairs Minister
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      141 4 Si Keep it under your hat! Pristine since full refurbishment, The Club will very soon be playing host once again to early evening imbibers and late-night revellers. To those who prefer to converse without straining the larynx and who realise that a backgammon is not a pig with a slipped
      141 words
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  • TECHNOLOGY
    • Article, Illustration
      How you can make your PC's brain work faster
      587 5  -  k mmm by JEFFREY TSAHG LIKE FOUR-WHEELED hot rods, souping up computers has become a major preoccupation of some owners. But unlike their vehicular counterparts which are frowned on by police and parents, computerised greased lightnings promise only good things. This
      587 words
    • Article
      Boeing expects to land bigger profits with new jets
      753 5  -  By CHUANG PECK MING NOT ALL EYES of the aviation world were on the Asian aerospace show in Singapore last month. Another event was taking place in Seattle which would have far more immediate, and possibly greater, impact on the commercial
      753 words
    • Article
      Lock icon Japanese work towards new standards with Tron
      283 5 Reuter TRON is not just the name of the Walt Disney wiz-movie but an ambitious project by Japanese computer companies aimed at freeing Japan from US dominance in the field. And it is gathering momentum. But serious doubts remain over whether the project
      Reuter  -  283 words
    • TECH-TAKES
      • Article, Illustration
        A (gear) shift to hi-tech cycling
        105 5 AT FIRST GLANCE, it might seem that the most unusual thing about thia bicycle is its aerodynamic bubble body. Its maker, German company Fichtel Sachs, is prouder of what is hidden by the bubble a sophisticated five-speed gearbox called the Torpado Pentasport which it
        105 words
      • Article, Illustration
        Entertainment system with it all
        82 5 JAPAN'S electronics makers are hopeful about a new home entertainment system which of- tors video, audio, graphics and computing functions. Called the compact disc-in-teractive system (CD-I), a prototype is due to be unveiled at a CD conference in Seattle from March 1-3 by Dutch NV
        82 words
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      117 5 J 'S- K ft ac *v. 46%.? tsgii i i, #1% m mm >**- e i fjc '£fW^ w V w v ft. ■A"-... >-* m i§ ■•i.fSJ il m -itm J FT s r\ w H. w* Whilst we do everything possible for the travelling businessman, we realise that
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  • OVERSEAS
    • Article
      Lock icon Reagan says weaker dollar opens new export opportunities
      375 6 AP PRESIDENT Ronald Reagan said in Washington on Wednesday that the decline in the value of the US dollar has opened new opportunities for US exporters but they could be undermined by protectionist legislation being considered in Congress. "The fact that the
      AP  -  375 words
    • Article
      Lock icon American trade deficit with 'four dragons' narrows
      208 6 AFP THE US trade deficit declined by 6 per cent in the final quarter of last year, but in bilateral commerce with Japan, the US balance worsened, the Commerce Department said on Wednesday. The overall trade deficit for the fourth quarter was US$4O.2
      AFP  -  208 words
    • Article, Illustration
      Lock icon Afghan issue expected to dominate US-Pakistan talks
      361 6 Reuter SIGNS of a rift between the United States and Pakistan over an Afghan peace accord were expected to dominate talks in Islamabad yesterday between Pakistani President Mohammad Zia-ul-Haq and US Undersecretary of State Michael Armacost. Mr Armacost is on a mission to
      Reuter  -  361 words
    • Article
      Lock icon Armacost to discuss Afghan issue with Rajiv
      185 6 AFP US UNDER-SECRETARY of State for Political Affairs Michael Armacost was scheduled to hold talks in New Delhi with Indian Premier Rajiv Gandhi about settling the Afghan conflict, a spokesman said. The External Affairs Ministry spokesman said Mr Armacost, who was due to
      AFP  -  185 words
    • Article
      Lock icon Kohl proposes US$590m aid plan for Ruhr region
      233 6 Reuter CHANCELLOR Helmut Kohl proposed a one-billion-mark (US$59O-million) aid package for West Germany's blighted Ruhr steel region in a crisis conference on Wednesday with industry and union leaders. The unusual meeting took place in the shadow of growing labour unrest in the
      Reuter  -  233 words
    • Article
      Lock icon Indonesian gas: S'pore to decide after April, says Jakarta
      157 6 AFP SINGAPORE will announce after April whether it will make long term purchases of Indonesian gas from the South China Sea. The director of production and exploration at the Indonesian state oil company Pertamina, Suyitno Patmosukismo, was quoted on Wednesday by
      AFP  -  157 words
    • Article
      Lock icon Soviet ministries' staff halved
      113 6 Reuter A TOP Kremlin economic adviser says staff in Soviet government ministries have been cut by an average of 50 per cent as part of economic reforms, the weekly Moscow News said on Wednesday. Even the state planning committee, Gosplan, has slashed its staff by 30
      Reuter  -  113 words
    • Article
      Lock icon Good response to Asean Fund in KL
      390 6 MBT MALAYSIA has reported an encouraging private response to the US$2 billion Asean-Japan Development Fund, with the Finance Ministry having received applications (or the funding of more than 20 projects with proposed capital outlay of MS 1.7 billion. Malaysia has identified three major
      MBT  -  390 words
    • Article
      Lock icon ILO warns of labour fallout from arms cut
      203 6 AP MILLIONS of people could lose their jobs if disarmament becomes widespread, but little has been done to prepare for the changes, the International Labour Organisation said in Geneva on Wednesday. "Crossing the frontier into an era of real disarmament does pose
      AP  -  203 words
    • Article
      Lock icon HK's earnings from tourism hit record
      135 6 Bernama ES HONGKONG'S tourism industry, the British colony's third largest foreign exchange earner, achieved record results in 1987. Hongkong Tourist Association executive director Eugene Sullivan said the industry's earnings last year amounted to HK525,400 million, a 42.4 per cent increase over the previous year.
      Bernama ES  -  135 words
    • Article
      Lock icon China faces dilemma in easing inflation
      279 6 AFP CHINA'S monetary authorities face an increasing dilemma in seeking to reduce inflation without triggering an abrupt slowdown in economic activity and investment, analysts in Beijing said yesterday Official projections show the country's rate of inflation rising from at least 7.5 per cent last
      AFP  -  279 words
    • Article
      Lock icon Taxes take 80pc share
      94 6 AFP TAXES account for more than 60 per cent of China s state revenue, compared with 46 per cent in 1978, the official New China News Agency (NCNA) said on Wednesday. "Taxation has become an important lever in regulating China's economic development. and a key way
      AFP  -  94 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      996 6 ARRIVALS Operator S«rvk* UMI From nvmbt Hnw FT FT71 011S JPK/tOS/OlO/ ANC/N8T /mmj TPC SU SQM 011S LAX/NRT UA UA805 0130 SPO/HKG JAL J LAI 5 0305 TYO MAS AAH601 0730 KU MAS AAH681 0820 KUL SU SQ43 0820 DMA KAl KE697 0905 sa/MNi MAS AAH811 0910
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      59 6 I \l\ I I I The business person's choice every I I II I I II I Tuesday. Thursdoy. Saturday and Sunday. I M m\ \l I w\ \l Leaving Changi Airport at 22:05 I 1 I S .X J_ hours and arriving Heathrow early •he following corning Cal[ your
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      51 6 Doonesbury PRINCE SOUTHERN STRATEGY SEEMEPA QOOQ3ET. IM ONE OF V'ALL !p ill wm §^9 m THE VOTERS ÜBREN7SO SURE. m m m BY GARRY TRUDEAU SUPPENLY, IN THE MNGS. GEOR&IA SENATOR SAM NUNN CLEARED HfS THROAT. AHEM'. 3 mm HIS UNPERSTUPY FROZE IN HORROR. it. mi m m r< m
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      74 6 ML Singapore OUTLOOK: Fair. Roporl for 24 hown prior to 7.30pm on Fob 25 at Iho airport: Min lamp 25 6 Aaaoc humfcMy 91 Hra ft auwWna.... 11.15 Rainfall In mm Nil Rainfall Ma mi 11... 158.1 Rainy daya this mlh... 10 Moscow Notsou Now Dolhi Now Yoffc Nicosia Olio
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  • COMMODITIES
    • Article
      Rubber
      317 7 SMGAPORE The rubber market closed slightly easier yesterday with March One RSS buyers quoted at 218.00 cents/kilo, down half a cent from Wednesday's close. Rubber prices were lower at the outset on long liquidation of nearby positions, but recovered partially towards midday on some buying interest in moderate trading.
      317 words
    • Article
      RAS and MRELB
      241 7 RAS prices In 8 cwnrtft FOB In bal« NOON CLOSE Buy*rs S*ll*rs Buyers Sellers bat *t RSS Prompt 220.75 221.75N 221.00 222.00N far 7 RSS Mor 88 217.75 218.75 218.00 219.00 bit 1 RSS Apr 88 218.25 218.75 218.50 219.00 Int 2 RSS OP 216-50 218J0N 216.50
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      SSR and SMR
      78 7 1 f poiMi) MARCH 1988 APRIL 1988 (currant month) (forward month) RAS NOON NOON fc/y*n S*ll«n SSS 30 210-50 212. SON 210.50 21 2 JON SSS 50 209.00 211.00N 209.00 21 1.00N MRELB tuyan SMan Buyers SMS CV 282.00 284.00N 283.00 285.00N SMS L 281.00 283.00N 282.00
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    • Article
      KL Tin
      131 7 OVERBEAB support pushed the tin price on the Kuala Lumpur Tin Market yesterday up six cents from Wednesday to doss at M 517.40 s kg. Dsslsrs attributed the strong marfcet to continued short-covsrlng by European tradsrs, although His local pries hsld a £25 premium ovsr ths Europeen spot
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    • Article
      Produce Prices
      244 7 Chinese Produce Exchange Stltn* noon doting pr Icm on F*b 25 (SS/100 kg) Coconut oil M FOB 110.00 OM drum FOB 120.00 Nvw drum FOB 124.00 Copra Mined (loot*) 62 Pepper -i- L. WTWw FOB NLW 1130.00 Xi'OWQf WTVTf FOB foq NLW 1115.00 Sarawak ip«dal btoek FOB NLW
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    • Article
      Precious Metals
      297 7 HONGKONG: Gold closed steady in fairly active trading yesterday mainly on bargain-hunting and light short-covering following the sharp set-back in New York. Sentiment was decidedly bearish after the metal breached the psychologically critical US$44O an ounce level. The weakness of the US unit in the morning helped triggered
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    • Article
      Lock icon Gold find in Tasmania
      98 7 Reuter LITTLE RIVER Goldfields N L said yesterday its Henty Project joint venture with Renison Goldfields Consolidated Ltd had located a gold deposit on the west coast of Tasmania, 30km north of Queenstown. The venture, owned 64.7 per cent by RGC and 35.3 per cent by
      Reuter  -  98 words
    • Article
      Lock icon Gold falls to 10-month low
      93 7 Reuter GOLD SKIDDED to a 10month low below US$435 an ounce on Wednesday after producers of the metal heaped supplies on an al-ready-saturated market. In New York, gold futures for delivery in April closed down US$lO.2O at U*****.10 an ounce. Spot bullion finished U559.25 lower
      Reuter  -  93 words
    • Article
      Wheat
      79 7 WHEAT futures in Chicago closed V 4 to 234 US cents higher on Wednesday, with May up 2% cents at U553.25% a bushel. Prices recovered from session lows amid late commission house and professional buying. Recent selling has cleaned many weak longs out of the market, snd March recovered
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    • Article
      Lock icon Indonesian gold exports likely to rise
      265 7 Two new contractors to start production this year AFP INDONESIA'S gold exports are expected to increase further this year from the 12 tonnes exported in 1987. The official Antara news agency reported on Wednesday that at leaat two new contractors were scheduled to start
      AFP  -  265 words
    • Article
      Palm Oil
      537 7 Crude palm oil futures closed lower yesterday in moderate trading on the Kuala Lumpur Commodity Exchange. Prices eased in line with the easier cash market. Trading was aided by some speculative interests although the lack of fresh developments continued. Spot month March eased Msso to Ms92B a tonne
      537 words
    • Article
      Lock icon Japan's steel mills strike out into new areas
      261 7 Reuter JAPAN'* steelmakers are making retirement homes, movies, electronic products and theme parks as well as high-quality steel. Rising imports and falling exports have forced the industry to diversify. "The demand for crude steel is sure to ease," a Japan Iron and
      Reuter  -  261 words
    • Article
      Soybean
      146 7 SOYBEAN futures in Chicago rallied late on Wednesday to close mostly higher, with prices up 3* to 1.0 US cent in the old-crop months and up to off 1.0 cent in new-crop. May settled 2.0 cents higher at U556.34 a bushel. Prices appeared to be breaking late when an
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    • Article
      Lock icon Hunts go on trial for conspiracy to corner silver market
      287 7 Reuter THE HUNT BROTHERS went on trial on Wednesday for conspiring with Saudi tycoons to corner the silver market in 1979 and 1960. "They cheated, they drove up prices of silver and they did it intentionally." Mark Cymrot. a lawyer
      Reuter  -  287 words
    • Article
      Oil and Products
      66 7 QASOIL and kerosene gained on bullish sentiment yesterday. Naphtha continued to climb on tight supply. USt/borral Otangm Dubai (ApHQ 14.73 -0.10 Wmt T.*ol fcnUrwidloli, wn (ApriQ 16.46 -0.17 Products (FOB S'pore) USS/Werrel Onwqi Hir—■ 21.90 0.25 Goto* 20.20 4-020 Low S*** Won, KmMm, LSWt 14.90 «ndi US$/«wna
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    • Article
      London Markets
      315 7 London Commodity Exchange Buyer/Seller doti ng prtcos on Fob 24 (£/tonn« union spodfiod). Provlou* doting prfco* In paranfhMh. Cotl— Ro$J» in-stof« London, loUort option OF London Mar 1256/1257 (1260/1265) High/Low 1265/1255 May 1285/1286 (1296/1297) High/Low 1294/1280 Solos (2640) Cocoa Mar 993/994 (1013/1015) High/Low 1010/993 May 1020/1021 (1038/1040) Kgh/low
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      143 7 EXCELLENT INVESTMENT OPPORTUNITY MCS/CAfID Our dient, a leader in high quality pictorial promotion card concept is expancSng its franchise network operations in the Asia Pacific region •ndwriehea to appoint an experienced entrepreneur for the Singapore franchise. The system provides a high-quality four-colour print U-V varnished presentation and comes with our
      143 words
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      Page 7 Advertisements Column 2
      75 7 Keep a date with Sevvy Ballesteros the Sevvy Way BT is not all hard core business and financial news. We take "Sports" rather seriously too. Our writers comb the sporting arena to furnish the well-informed professional with news on golf, tennis, bowling, etc. And, of course, the all-round executive cannot
      75 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1839 8 SINGAPORE: The US dollar recovered against major currencies to close slightly firmer yesterday, compared with New York's levels, in fairly active trading. The dollar started weaker but rose at mid-morning following President Reagan's prediction of "good news" when revised fourth quarter GNP data are released later yesterday. The
      1,839 words
    • Article
      Asian dollar market
      313 8 ASIAN DOLLAR deposit rates closed steady at opening levels yesterday, with trading generally quiet in the afternoon on lack of interest. Short-dates weakened 1/16 to 3/16 point at the outset because of lower US federal funds rate, but were unchanged thereafter. Overnight closed at 6 9/16 6
      313 words
    • Article
      Simex
      435 8 EURODOLLAR futures opened slightly weaker in Simex yesterday from Wednesday's level as the market encountered strong technical resistance. A flurry of activity in the late morning saw the June contract down to 92.97 from the opening level of 93.00 following comments by President Reagan on the revised US GNP
      435 words
    • Article
      IMM
      206 8 INTERNATIONAL Monetary Market (IMM) foreign currency futures closed mixed in light trading on Wednesday, although scattered short-covering lifted prices abovp session lows late in the day. The market eased initially when US Federai Reserve chairman Alan Greenspan said he did not favour depressing the dollar to spur exports. Trading
      206 words
    • Article
      Comex gold/silver futures
      159 8 Gold futures on Fob 24 100 troy ouncas. IISS per troy a unce Opan HI* Low Ma Fab 435.50 437.00 435.00 431.90 -9.90 Mor 431.90 •10.00 Apr 436 00 438.70 433 80 434.10 -ia20 Jun 440.00 443.00 437.80 438.20 -10.50 Aug 444.50 447JO 442.00 442.60 -10.80 Oct
      159 words
    • Article
      Options
      1689 8 CURRENCY FUTURES OPTIONS Thunday, Mnvory 25 1988 DEUTSCHE MARK (SMtfEX) Mar Mk Mar M pun 54 59 56 97 94 99 60 61 62 63 64 69 66 67 66 8 Apr I14A 38A M cato 205 110 36 8 2 CAB CAB CAB CAB CAB CAB CAS 6
      1,689 words
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      Page 8 Advertisements Column 1
      85 8 Mr. PRAJOGO PANGESTU President of the Barito Pacific Timber Group On the occasion to officiate the opening by His Excellency Mr. Soeharto The President of The Republic of Indonesia of the Barito's Group Integrated Wood Industrial Complex consisting of: lilfil P.T. BARITO PACIFIC LESTARI lIS WOOD PRODUCTS P.T. SINAR BARITO
      85 words
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      Page 8 Advertisements Column 2
      10 8 IB fy\NQUE INDOSUEZ 3 Sheiton Way. Shenton House. Singapore 0106
      10 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Jakarta urged to reopen money lending concern
      309 9 AFP ABOUT 3,000 members of a money lending foundation closed by the Indonesian government a week ago, trooped to Parliament tp ask that it be reopened so they could retrieve their money, the press in Jakarta said yesterday. In a written statement read
      AFP  -  309 words
    • Article
      Lock icon Seoul to issue bonds worth 11,000b won
      124 9 Reuter THE SOUTH Korean government will this year issue bonds totalling 11,000 billion won at ratee of 11 to 12 per cent, Finance Ministry officials said in Seoul yesterday. Maturities will be announced at the time of issue. The bonds are aimed at
      Reuter  -  124 words
    • Article
      Lock icon Deutsche Bank checking options of going into the insurance business
      633 9 Reuter DEUTSCHE BANK AG, W«st Germany's biggest bank, is considering a move into the insurance sector, after a successful expansion into building finance, another important area of consumer finance. < Bank officials emphasise that no decision has yet been taken.
      Reuter  -  633 words
    • Article
      Lock icon Royal Insurance forecast to report lower profits
      658 9 Reuter FULL YEAR profits from Royal Insurance PLC are forecast by UK share analysts to show a hefty fall from the previous year when the company releases its 1967 reeults. This is in sharp contrast to other major insurers also due to report
      Reuter  -  658 words
    • Article, Illustration
      World interest rates
      180 9 Indicates the ivtrift of the prima landing rata* of 12 ma|or banks In S'pora Interbank market rates (offer/bid) on Feb 25 uss DM SWFC Y«n 7 don 3/4 5/8 1/14 15/14 3 7/14 5/14 i i/a —1/4 4 3/14 1/14 1 <Mh 3/4 5/4 9 4 7/t
      180 words
    • Article
      Lock icon Taiwan moves to develop bond market
      595 9 Revised regulations to make bond issues easier Reuter TAIWAN, faced with a glut of idle investment funds, is aiming to develop its primitive bond market. officials and bankers say. A spokesman for the Securities and Exchange Commission (SEC) said in Taipei on Wednesday that
      Reuter  -  595 words
    • Article
      Lock icon Peso unlikely to rebound against the dollar, say bankers
      380 9 OANA-Bernama PHILIPPINE BANKERS have ruled out a recovery of the peso against the American dollar, saying it is unlikely that the reference rate would rebound from its current level of 21 pesos to US$l. But exporters in the Philippines welcome the
      OANA-Bernama  -  380 words
    • Article
      Money markets
      50 9 THE OVERNIGHT rate on the Singapore interbank market remained unchanged from Wednesday, as was the one-month term rate. 3$ Interbank rates 3at 12 noon yesterday: l» om mo "Ormr"Uf 3 3/4 7 1/2 ■Vio-h 3 1/1* 3 IS/I* 3 l/i 3 !>«"■* 3 l/S 3 ■OwrnMl mod«i 2
      50 words
    • Article
      Government securities market
      83 9 Treasury bills Period Issue Yesterday's closing Day's code Maturity BIO OFFER HIGH LOW 3 months BQ*****E 26.5.88 2.93 2.88 2.89 2.89 6 months BY*****S 30.6.88 3.00 2.95 1 year 8Y*****T 24.11.88 3.01 2.96 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's j code rate
      83 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      563 9 THE DAIWA BANK, LTD. Head Office: 56 Bingomachi 2-chome, Higashi-ku, Osaka 541 JAPAN. NON-CONSOLIDATED BALANCE SHEET March 31, 1987 and 1986 NON-CONSOLIDATED STATEMENT BANKING ACCOUNT ASSETS Cash and Due from Banks CaD Loans Trading Account Securities Securities Loans and Bilk Discounted Foreign Exchanges Other Assets Premises and Equipment Customers' Liabilities
      563 words
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      Page 10 Advertisements Column 1
      757 10 □IETHELM The Siethelm Treasury Showroom, A treasury of fine tils X FOR OVER FORTY YEARS the furnishing division of Diethelm has been closely associated with the business sector of Singapore. Now it has taken the logical yet daring move of locating its latest showroom right in the heart of the
      757 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      359 11 I f fine furnishing 1 '/If w l itfhi r UiiUtii'i m ti S m m Z'W j>. m, p k W m*i r"[ m Step Into the Treasury Showroom spacious elegance to highlight superb design SaH Swiss Line OA m efficient and versatile OCCUPYING the prime display position in
      359 words
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  • PERSPECTIVE
    • Article
      General Try on the threshold
      482 12 UNDER ITS TRADITIONAL 'dwi fungsi' philosophy, the Armed Forces of Indonesia had to guarantee national defence while playing a supporting role in social and political affairs. This role will continue unimpeded under General Try Sutrisno, who tomorrow officially takes over as j armed forces chief
      482 words
    • Article, Illustration
      Lock icon Gatt: trade winds should blow fair
      2515 12 Gatt, or the General Agreement on Tariffs and Trade, is not officially recognised by the Swiss authorities as an institution in its own right. It has existed in a sort of organisational limbo ever since the United States Congress balked at handing over key
      The Economist; Source: GATT  -  2,515 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      50 12 Making Singapore into a top courierhub i 51 r Women entrepreneurs on the small U biz scene > i Marinas: Berth of a dream Optics industry: Back into the light A round-up of last year's corporate scene Investment spotlight: Sembawang I: Maritime and Amalgamated Steel Mills MARCH 1988 NOW AT
      50 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      681 12 CRYPTIC PUZZLE ACROSS 4 A cream product in a black box! (6) 7 She shuffles around with Caroline (8) 8 Tell people what to do straight! (6) 10 Alf turns to me for a light (5) 13 A letter to annoy a chap (4) 14 One's destiny to be more
      681 words
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  • FOCUS
    • Article, Illustration
      Leading manufacturers focus on metal oxide semiconductors
      393 13 SEVERAL high-fliers in the worldwide chip industry last year concentrated on fast-selling metal oxide semiconductors (MOS), or digital chips, according to a US research report. Dataquest Inc said a total of US$l7.l billion worth of MOS chips were sold last year, a hefty
      393 words
    • Article, Illustration
      Chip sales tipped to rise further
      791 13  -  Singapore companies manufacturing and exporting electronic components may be able to look forward to further growth in international demand this year if the predictions of a leading American market research firm hold good. BOEY KIT YIN looks at the figures and Dataquest's assessment of
      791 words
    • Article
      US firms sharpening their competitive edge
      382 13 PRELIMINARY estimates show that the North American market for semiconductors, the world's largest, expanded by 20 per cent to provide a firm grounding for the international surge in the demand for electronic chips. Data compiled by Dataquest Inc indicated that the North American semiconductor
      382 words
    • Article
      Lock icon IBM's new operating software sets it a cut above the rest
      764 13  -  By LAWRENCE EDELMAN Reuter BY INTRODUCING an improved operating system for its biggest computers, International Business Machines Corp has raised the stakes for rivals seeking to stay in the multi-billion dollar mainframe computer market. The operating system software that
      Reuter  -  764 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1187 13 TO an® PM Opening and Programme Highlights followed by German Soccer. Test Pilot On Trial. No Ploce Like Home. National Geographic Specials Realm Of The Alligator. Applause Jazzvisions: Ail Strings Attached. A concert performed and recorded 'live' at the Los Angeles' Wlltern Theatre, and featuring the talents of John Abercrombie,
      1,187 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      6 13 urvi HCS SULKING "me BRoorn auP&op£t>,
      6 words
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  • Article, Illustration
    Lock icon SPORTS & LEISURE Nykaenen wins third gold in team event
    290 14 SPORTS LEISURE Nykaenen wins third gold in team event Reuter SUPERLATIVE ski jumper Matti Nykaenen claimed his third gold medal of the Winter Olympics on Wednesday as Finland won the 90* i team competition. The victory made Nykaenen th» only triple gold medallist of the Games while world champio» Vreni
    Reuter  -  290 words
  • Article
    Lock icon Thomas overcomes poor start to stay ahead of Witt
    418 14 Reuter DEBI THOMAS fought back from a dismal start as she locked horns with Katarina Witt at the start of their Olympic figure skating gold medal battle in Calgary on Wednesday. To no one's surprise. Kira Ivanova of the Soviet Union
    Reuter  -  418 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      1046 14 4 COURyOISIERXO~Where to eat, drink.. i r A Fashion show. gjrtxxue nir. Fashion show! s Fashion show I A symbol of vitality and strength. A year of good fortune, success and happiness Savour our good luck raw fish from Feb 18 to Mar 2, and get a hongbao of surprises
      1,046 words
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  • Article, Illustration
    Lock icon Boxers face weighty problem
    175 15 AFP THE APRIL 9 Las Vegas battle between Carlos de Leon of Puerto Rico and Evander Holyfield of the US to decide who is the world's undisputed cruiserweight king has run into a weighty problem. American promoter Lou Duva has confirmed in New York that the
    AFP  -  175 words
  • Article, Illustration
    Lock icon Taiwanese star reflects on the year that was
    358 15 AP T C CHEN clinched his first US tour victory ever when he beat Ben Crenshaw in a dramatic finish to the 1987 Los Angeles Open, but the rest of his year was disrupted by an illness in his family. "I didn't
    AP  -  358 words
  • Article
    Lock icon Wing may help keep San Diego's flag flying
    382 15 AP THE AMERICA'S CUP defenders may face a New Zealand challenger this year in a multihull boat that uses a wing instead of a sail, according to the design coordinator for the San Diego Yacht Club. The defenders of sailboat racing's most
    AP  -  382 words
  • Article, Illustration
    Seed knocked out of US indoor event
    217 15 KEN FLACH capitalised on errors by 10th-seeded Kelly Evernden to win 7-5, 0-6, 6-3 on Wednesday in the third day of the USS6OO.OOO US Pro Indoor tennis championships in Philadelphia. No. 1 seed Ivan Lend) was scheduled to play Richey Reneberg later in
    217 words
  • Article
    In aid of fight against Aids
    94 15 PELE, Michel Platini. Johan Cruyff and other football greats will lend their hands and legs to raise funds to fight the killer disease Aids (Acquired Immune Deficiency Syndrome). The first of four "Kick Aids" charity matches will be held in Tokyo on April 22.
    94 words
  • Article, Illustration
    Lu comes to rewriting course record
    448 15  -  By WALTON MORAIS ON A DAY when the greens provided tricky problems and an afternoon wind made things even more difficult, Taiwan's Lu Hsi Chuen put the Bukit course record under threat with a six-under-par 65 for a threestroke lead in the first round
    448 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      275 15 and entertain 4 übertus d)rxll 13 66 M So much to choose for only $18.50. A sumptuous spread with many different types of appetisers, hot and cold soups, a salad selection ...superb pastries, truffles, tortes cheese board, fresh fruit freshly brewed coffee All for $18.50 And for $26.50 you can
      275 words
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      Page 15 Advertisements Column 2
      153 15 PALM GRILL ONE GOOD REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET Another is the choice of main courses. For between $26+ and $40++ you can select from our appetiser buffet including seafood, smoked salmon and oysters. Choose from many lavish main courses. And finish with mouth-watering
      153 words
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      Page 15 Advertisements Column 3
      38 15 COMES WITH CHOPSTICKS, GOES WITH DYNASTY. XI MEDIUM DRY *IHTE WWt J Jr. a dry wine which derives iti i grape* grown in the Ttanjm ESWTSSI ML •«r*>nwc>< ti'i-j* IF IT COMES WITH CHOPSTICKS. IT GOES WITH DYNASTY.
      38 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article, Illustration
      Share prices ease for third consecutive session
      4274 16 SHARE PRICES in Singapore drifted lower across the board yesterday in dull and lacklustre trading despite livelier Tokyo and Hongkong markets. Dealers said the market eased on a lack of fresh incentives and bouts of profit-taking. Fresh rumours of further developments on the
      4,274 words
    • Article
      Chief price changes
      239 16 Rises ICS 725 S 1 A 1040 D S 955 M >rowrlo« 90S Or 0t> S0( 258 MMro Hklg* J55 Prima S4S baton 50« SIS CaM Store lOp 382 Falls W*inson 250 S P H 720 Not Iron S85 OUI 324 PMII50( 80 U O 8 464
      239 words
    • Article
      Business done on the SES
      2969 16 BID and offer price* officially listed and bust new in and reported to the Stock Exchange of Singapore yesterday with the number of ihara traded shown in brackets in lots of 1,000 units unless otherwise specified. All Time Settlement Coo tracts are quoted after the
      2,969 words
    • Article
      COMPANY MEETINGS
      185 16 THE AVER MOLEK RUBBER COMPANY Barhad: 73rd AGM at N0.22 (Upper floor of N0.20), Jalan Hang JebaL ***** Malacca. tomorrow. Feb 27. at 10.30 am. FIRST CAPITAL CORPORATION Limited: 12th AGM at Shangri-La Hotel. Summit Room. Orange Grove Road. Singapore 1025, tomorrow, Feb 27, at 10.30 am. THE
      185 words
    • Article
      Unit trusts
      278 16 Managers' prices for Feb 26 Singapore Unit Trust Tfce Commerce 091 097 The Savings Fund 0 80 086 S pore Frog hoid 036 040 S pore Sec Fund 0.61 066 Spo-e Invest Fund 065 070 S pore Equity Fund 044 048 Asia Unit Trust Mol Invest Fund 126
      278 words
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  • COMPANY NEWS
    • Article
      BAT (S'pore) proposes higher dividends
      394 17  -  By CORRINA LIM BRITISH-AMERICAN Tobacco Company (S) Ltd has proposed higher dividends for shareholders following a hefty 65 per cent jump in pre-tax profit to $12.28 million last year. BAT (S) directors have recommended a final dividend of seven cents less tax. Together with an
      394 words
    • Article
      Lock icon Removal of Promet receivers delayed
      303 17 NST PROMET Bhd, which had hopes of removing its receivers and managers by today, has once again pushed back the date. This means that the relisting of Promet's shares in Singapore will also be delayed. Chief executive Datuk Brian Chang said in Kuala Lumpur on
      NST  -  303 words
    • COMPANY BRIEFS
      • Article
        Mayban Trustees to meet on report
        50 17 MAYBAN TRUSTEES Bhd announced that a meeting will be held on March 12, to receive the status report by Faber Merlin Malaysia Bhd on the B%pc convertible unsecured loan stock which the latter had failed to redeem when they were due last Oct 1.
        50 words
      • Article
        Shangri-La on use of rights funds
        86 17 SHANGRI-La Hotel Ltd said yesterday it is unable at the moment to advise on the future use of the $29m raised through a rights issue partly to finance its investment in a Seoul hotel project. The company is still negotiating the withdrawal of its
        86 words
      • Article
        New managing director for TDM
        52 17 TDM BHD said that Datuk Abdul Rahman Hamzah has resigned as managing director of the company but will remain as a director. The managing director's post will be filled by Datuk Hamzah bin Muhammad who is the nominee of Perbadanan Menteri Besar Terengganu, the single
        52 words
      • Article
        HMPB postpones board meeting
        29 17 HARRISONS Malaysian Plantations Bhd's board meeting on its interim results for the nine months ended Dec 31. 1987 has been postponed to March 11, 1988
        29 words
      • Article
        Sunshine Allied deputy MD quits
        42 17 SUNSHINE Allied Investments Ltd's director and deputy managing director, Wong Fong Fui, has resigned with effect from Feb 22, 1988. Mr James Jit Teng has ceased to be alternate director to Mr Wong from the same date.
        42 words
      • Article
        Federal Flour names new chief
        41 17 FEDERAL FLOUR Mills said that Y B Datuk Hj Mohd Shamsuddin bin Mohd Yaacob has been appointed chairman of the company with immediate effect while Mr Khor Chin Poey has been appointed as an additional director.
        41 words
      • Article
        IGB sees promise in latex products
        86 17 IGB Corp Bhd has said it will be diversifying into the manufacture of resourcebased products and has identified latex-based products such as household and surgical gloves as products with potential. IGB Rubber Products Sdn Bhd, a dormant subsidiary, will carry out the glove manufacturing
        86 words
    • Article
      Lock icon Malayan Banking posts 16pc rise in profit, makes bonus issue
      338 17 MBT MALAYAN BANKING has announced a 16.2 per cent improvement in interim group pre-tax profits as well as a one-"for-10 bonus issue. Group pre-tax profits for the six months ended December 31, 1987, was M 578.82 million against M 567.83
      MBT  -  338 words
    • Article
      Chuan Hup (Australia) acts to boost Asian interests
      474 17  -  Takeover of Mulpha HK's listing a first step By ELAINE KOH CHUAN HUP Australia Ltd's decision to take over Mulpha (Hongkong)'s listing from the MPHB group is meant to boost the value of its Asian interests which it feels has been underpriced
      474 words
    • Article
      Terms off Lion-Nathan merger not reasonable, says F & N chairman
      310 17  - Terms off Lion-Nathan merger not reasonable, says F N chairman From SELWYN PARKER SINGAPORE'S stock exchange authorities would have blocked the Lion-Nathan merger under its present terms, Fraser and Neave chairman Michael Fam told a New Zealand Securities Commission inquiry into the merger on Wednesday. The merger terms were not
      310 words
    • Article
      LATEST RESULTS
      332 17 EAST ASIATIC Co (Malaysia) has doubled its group pre-tax profit to M528.22m from M513.22m for the year ended Dec 31, 1987 despite stagnant sales. Group sales improved negligibly to M5186.57m compared with M5186.42m previously but there was a marked improvement in group operating profit to M524.29m last year
      332 words
    • Article
      Cold Storage (M) spending M$25m to upgrade facilities
      367 17  -  From P Y CHIN COLD STORAGE (Malaysia) Bhd (CSM) will spend Ms2s million upgrading its manufacturing facilities to sharpen its competitive edge. This is the second round of capital expenditures the group is undertaking within seven years, according to Kuala Lumpur broking
      367 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      149 17 WOULD YOU UKE TO BE PROSPEROUS Learn the skills to change your future at the 1$ PROSPERITY SEMINAR by ANDREW MATTHEWS of Australia SEMNAA HKSHLIGHTS A program for prosperity. A program for controlling your life and finances. Giving you the keys to successful negotiation. Steps to becoming outstanding. Steps to
      149 words
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      Page 17 Advertisements Column 2
      179 17 This announcement appears for the purposes of record only. WNOL V NEPTUNE ORIENT LINES LIMITED Incorporated in the Republic of Singapore Rights Issue of 169,336,000 new Ordinary Shares of $1.00 each at $1.05 per new Ordinary Share with Transferable Subscription Rights Managed and Underwritten by Morgan Grenfell (Asia) Limited Co-Managed
      179 words
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  • REGIONAL MARKETS
    • Article
      Lock icon Peugeot in deal to increase its car sales in Japan
      267 18 AFP THE FRENCH car maker Automobiles Peugeot has reached an agreement with Japan's Suzuki Motor Co and Austin-Rover-Ja-pan (ARJ) to increase its car sales in Japan, the three said in a joint press conference held simultaneously in Paris and Tokyo
      AFP  -  267 words
    • Article
      Lock icon Duramax, Tokai in venture
      74 18 AP TOKAI RUBBER Industries Ltd of Japan has reached an agreement with Duramax Inc of the US to set up a joint venture to produce anti-vibration rubber for motor cars in Ohio. The venture, which will be set up in Blueffton, Ohio, will be capitalised at
      AP  -  74 words
    • Article
      KL prices end mixed in listless trading
      2496 18 THE KUALA LUMPUR stock market finished mixed to slightly higher yesterday in quiet trading with marginal price movements. After a hesitant start with share prices opening around overnight levels, the market dragged along in lacklustre trading to close little changed at the mid-morning
      2,496 words
    • Article
      Lock icon Stocks close steady
      1361 18 Hongkong Reuter PRICES on the Hongkong market cloeed steady yesterday on late buying interest following signs of the market's resilience. The Hang Seng Index cloeed near the day's high at 2,355.88, up 19.88 points after losing eight points initially. The Hong Kong Index roee 13.58 points to
      Reuter  -  1,361 words
    • Article
      Lock icon British group picks Sumitomo as sole agent
      76 18 UPI BRITISH Technology group has selected Sumitomo Corp, one of Japan's leading trading companies, as sole agent in Japan for licensing its selected inventions. Under the agreement, signed in London on Wednesday, Sumitomo will be offered technologies by the British organisation in such
      UPI  -  76 words
    • Article
      Lock icon Tokyo
      512 18 Reuter SHARE PRICES on the Tokyo market closed higher in active trade for the 11th consecutive session yesterday on buying of financial issues, helping the Nikkei Index to end over 25,000 points for the first time since the October crash, brokers said. "The buying is there because the market
      Reuter  -  512 words
    • Article
      Sydney
      445 18 THE AUSTRALIAN share market closed weaker yesterday after solid selling pressure on both gold and mining stocks. Brokers said the US$B overnight fall in gold bullion prices, which saw the metal sink to a 10-month low of U*****.50, undermined investor confidence and led to widespread discounting. "It wasn't a
      445 words
    • Article
      Lock icon Bangkok
      171 18 Reuter THE SECURITIES Exchange of Thailand Index rose 3.09 to 372.89 yesterday on a turnover of 7,468,998 shares worth 911.57 million baht. Rl St BAHT Ao Kham Thai 196 -a Ayudhya Irwaatmai it 410 10 Bangkok Aground Btngkok Bank 92 5 336 -0.5 BanfcoT Ayudhya Z 370 2 Charoong
      Reuter  -  171 words
    • Article
      Taipei
      262 18 Fll 2S NT t All Sinc*ra Indua.... 2 68 0 03 Asia Camant 78 50 -1 Catftay Cona 86 00 -2 Chang Hwa Bank 293 M unch 58 00 -0 5 Chia Hain Camant 61 00 -1.5 Chin Hain Flour 23 10 -04 China Cham 37 40 1 China
      262 words
    • Article
      Lock icon Matsushita in UK venture
      83 18 UPI MATSUSHITA Electric Industrial Co is launching a new venture in Britain to manufacture cellular mobile telephones, starting in May this year. The new company. Matsushita Communication Industrial (UK) Ltd capitalized at £3.5 million (ab will be established in Thatcham, Berkshire, on March 1 to produce
      UPI  -  83 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      442 18 \4 BAT British-American Tobacco Company (Singapore) Ltd. ANNOUNCEMENT AUDITED RESULTS The Directors are pleased to announce ended 31 December 1987. the following audited results of the Group and the Company for the year TWF flttOllP THE COMPANY Turnover Operating Profit Interest Paid Share of Results of Associated Companies Profit before
      442 words
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      Page 18 Advertisements Column 2
      17 18 Seoul and Manila prlcas wara not avallabla M onagers ust anage BT shows you how every Monday.
      17 words
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  • WORLD MARKETS
    • Article
      Lock icon All flurry and little gain
      920 19 New York Reuter THERE WAS a flurry of activity on Wall Street but the market closed with only a small gain on Wednesday, almost recovering what it on Tuesday. With no new leads on the economy emerging, traders expect the market to seek its course
      Reuter  -  920 words
    • Article
      Lock icon Insurance sector boosts equities
      892 19 London Reuter SHARE PRICES on the London market were firmer at the opening yesterday and were tending higher, buoyed by strong insurances, dealers said. Volume was low, however, with many stocks remaining unchanged from Wednesday's close. Insurances were in demand after Royal began the sector's reporting
      Reuter  -  892 words
    • Article
      Untitled
      1139 19 Selected indices HONGKONG Hongkong Index T Sunday 1,542 88 Wednesday 1,***** w99* ago Closed Hang Seng Index Thursday 2,***** Wednesday *****0 ww ago Closed All Industrials Thursday 2jOI5.2 Wednesday 2.0185 Week ogo 1.9914 NEW YORK Dow Jones Wednesday 2X9995 Tuesday 2.***** Week ogo 2.***** TOKYO Nikkei Average Thursday 25.***** Wednesday
      1,139 words
    • Article
      Lock icon GM to boost production, reopen plant
      38 19 AFP AMERICA'S largest car maker. General Motors, said on Wednesday it was increasing production this year by 175,000 units, reopening a temporarily closed assembly plant and recalling 8.600 laid oft workers AFP
      AFP  -  38 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      695 19 .NOTICES NOTICE IS HEREBY GIVEN that, I Kolandai Animal of Blk 4 Changi Village Road #01-2070 Singapore 1646, have applied for a Retail Beer licence in respect or premises at Blk. 4 Changi Village Road #01-2070 Singapore 1646, and that this application will be heard in Court No 1, Subordinate
      695 words
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      Page 19 Advertisements Column 2
      586 19 IN THX MATTER OF THE COMPANIES ACT, CAP. 80 AND IN THE MATTER OP MIDLAND-ROSS PTE LTD r llC> T *7 VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the member* of Mldland-Roee Pte Ltd convened and held on February 23. 1988. the following Resolutions were duly passed:BPBCIAL RESOLUTION That
      586 words
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      Page 19 Advertisements Column 3
      761 19 I3BHDBI TENDER Categeqr Data Racking and $50/Storage System 18.3.88 ($50,000/- and above) Tender are invited tor the followtng SUPPLY. DELIVERY AMD INSTALLATION of modular storage system to various HOB Office Batch No 1 ELIGIBILITY Al CSO Registered Contractors classified under the above category TENDER DOCUMENTS ARE OBTAINABLE FROM THE TENDER
      761 words
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      Page 19 Advertisements Column 4
      555 19 THE COMPANIES ACT. CHAPTER SO SECTION 290 (2Mb) NOTICE OP RESOLUTION QW INVESTMENT PTE LTD (In Mtmbm' Voluntary Liquidation) At an Extraordinary Ganaral Maating of GW INVESTMENT PTE LTD held on tha 22nd day of Fabruary 1988, tha following fpacial resolutions ware duly panad: RESOLVED: (1) That GW INVESTMENT PTE
      555 words
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      Page 19 Advertisements Column 5
      758 19 FORM 14 (Role 108) NOTICE TO CREDITORS OF FIRST MEETING GKN KWIKFORM PTE LTD (In Compulsory Liquidation) (Under the Order for winding up the abovenamed company dated the 12th day of February 1MB). Notice is hereby riven that the first meeting of creditors in the above matter will be held
      758 words
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  • Article
    Loss of American GSP implies a much greater danger, says forum
    473 20  -  By JEFFREY TSANG THE DIRECT COST of Singapore's graduation from the US generalised system of preferences (GSP) may come to $70 million. But this amount, say economists, is paltry compared to the effects of the potential reaction of the
    473 words
  • Article
    Planting a lush career
    163 20 GARDENING, as few know it. Ewcrtfw LMeetyie tomorrow examines "gardening" as a career. More accurately, our lead story enters the verdant world of a rare breed in Singapore horticulturists. Many in this small community are responsible for the lush greenery everywhere that has made Singapore a
    163 words
  • Article
    Lock icon Chinese foreign minister to visit US and Britain next month
    165 20 AP CHINESE Foreign Minister Wu Xueqian will leave on March 2 for a two-week visit to the US and Britain. Chinese Foreign Ministry spokeswoman Li Jinhua said on Wednesday the 66-year-old Mr Wu, who is also a member of the
    AP  -  165 words
  • Article
    Retrenched workers take action against Bethlehem
    460 20  -  Company served with an injunction By WILLIAM CHIA THIRTY EIGHT former employees of Bethlehem Singapore Shipyard have served the company with an injunction to prevent it from disposing of its assets pending a court hearing on their claims of inadequate retrenchment benefits. The 38,
    460 words
  • Article
    Lock icon Corruption: call in Indonesia to put onus on defendants
    279 20 AFP INDONESIAN Parliament chairman Kharis Suhud urged the government yesterday to reverse court proceedings in corruption cases by placing the burden on defendants to prove their innocence. "Eliminating corruption is not as easy as it seems. We are a lawful state
    AFP  -  279 words
  • Article, Illustration
    Lock icon Manila celebrates 'People Power' Revolution
    372 20 Reuter UPI PRESIDENT AQUINO Joined 10,000 Filipinos in the streets of Manila yesterday, linking hands in celebrations aimed at reviving the spirit of the two-year-old "People Power" Revolution. Church bells rang and Filipinos prayed to mark the start of a government-sponsored celebration of the second
    Reuter; UPI  -  372 words
  • Article
    How Tokyo's plan will affect Simex
    348 20 PLANS by the Tokyo Stock Exchange to start trading in its own stock index futures could, analysts say. generate more international interest in such investments, to the benefit of the Singapore International Monetary Exchange (Simex). But financial experts warn that a Tokyo index future
    348 words
  • Article
    Lock icon G7 exchange rate accords working satisfactorily
    101 20 AFP JAPANESE Premier Noboru Takeshita and US Treasury Secretary James Baker said yesterday in Seoul that exchange rate accords by the Group of Seven leading industrialised nations were working satisfactorily, a Japanese official said. Mr Baker also said he was relatively optimistic on the
    AFP  -  101 words
  • Article
    Lock icon Comex gold and silver
    104 20 Reuter COM EX GOLD futures yesterday turned up from Wednesday's 10month lows on early buying generated by profit-taking of short positions The US dollar s slippage on the seemingly disappointing American GNP data helped gold's comeback. April gold gained US$2.7O at U*****.80 an ounce after Wednesday's
    Reuter  -  104 words
  • Article, Illustration
    Lock icon Seoul radicals battle police as Roh is sworn in as president
    233 20 Reuter ROH TAE-WOO took over as South Korea's new president yesterday and told the nation an era of strongman rule was past, but student radicals didn't believe him. Just hours after Mr Roh took the oath of office in
    Reuter  -  233 words
  • Article
    Bid for closer ties between Asean and South Asian grouping
    306 20  -  By HARISH MEHTA A FOREIGN policy thinktank in India would like to see closer cooperation between Asean and the South Asian Association of Regional Cooperation (SAARC) and intends to influence India's foreign policy makers to take steps in this direction.
    306 words
  • LATE FILE
    • Article
      Lock icon Penang: gateway to Burma
      90 20 AFP MALAYSIA and Burma yesterday agreed in principle that Penang be made the gateway to Burma in the republic's efforts towards economic development. Prime Minister Datuk Seri Dr Mahathir Mohamad suggested that Penang be an air link between Rangoon and the rest of South-east Asia, as
      AFP  -  90 words
    • Article
      Lock icon Wu Xueqian to be vice-premier
      38 20 AFP CHINESE Foreign Minister Wu Xueqian, 67, is to abandon the poet next month and be promoted to vice-premier, where he will remain involved in foreign policy, Western diplomatic sources said yesterday. AFP
      AFP  -  38 words
    • Article
      Lock icon Rajiv invites Zia for talks
      61 20 AFP PRIME MINISTER Rajiv Gandhi has invited Pakistan President Zis ul-Haq to India for talks on efforts to settle the Afghan conflict, the Prees Trust of India reported. Mr Gandhi spoke to General Zia by telephone yesterday in connection with current diplomatic peace efforts for
      AFP  -  61 words
    • Article
      Lock icon Prem seeks talks with Laos
      47 20 UPI THAI Prime Minister Prem Tinsulanonda has invited Laotian Prime Minister Kaison Phomvihane to send a delegation to Bangkok to find a "durable solution" to a recent border dispute that killed over 700 men on both sides, Thai officials said yeeterday. UPI
      UPI  -  47 words
    • Article
      Lock icon Takeshita's popularity dips
      57 20 AFP THE POPULARITY of Japanese Prime Minister Noboru Takeshita's administration declined 5.1 per cent in February, according to a poll released yesterday. The Yomiuri Shimbun attributed the decline to Mr Takeshita's proposals in Parliament late January to introduce a large-scale indirect tax on goods and services and
      AFP  -  57 words
    • Article
      Lock icon Call for socialist common market
      60 20 AFP SOVIET President Andrei Gromyko, visiting in Hungary, has called for the creation of a "socialist common market" with a common currency. Mr Gromyko, in talks with Hungarian Communist Party leader Janoe Kadar and Hungarian Prime Minister Karoty Grosz, underscored the "need to introduce a
      AFP  -  60 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      197 20 •JTTi.MlkilililfiTi r :k M A Do you need financing for the purchase of your house or apartment? We provide attractive Housing Loan facilities with the following features for individual applicants:- The facilities are available to all individual applicants irrespective of whether they are first time home owners Up to 100%
      197 words
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      Page 20 Advertisements Column 2
      64 20 6% xJ sick and tired of looking for the right apartment? Why not drop in to our Open House, have a cool drink, enjoy the views and pleasant surrounds, see our "country dub" facilities, appreciate the Orchard Rd location and take comfort in tip-top 24 hr security at 7: r?
      64 words
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  • SHIPPING TIMES
    • Article
      Stateships extends coastal service to Singapore
      269 21  -  From Kingsley Wood THE WEST Australia-owned Stateships has extended its coastal liner service from Fremantle to Cocos, Christmas Islands and Singapore. The route will be further extended to Jakarta and Surabaya from late April. The new trade is being serviced by the 3,700-dwt Baltimar
      269 words
    • Article
      Malacca Port's cargo throughput expected to hit half-a-million mark
      270 21  -  By G DURAIRAJ MALACCA PORT is becoming an important centre in Peninsular Malaysia for handling cereals, especially for maize import in bulk and bags. The port which is expected to breach the half-a-million mark for cargo handled during 1987 saw 258,673
      270 words
    • Article
      Lock icon Sea-Land objects to Puerto Rico's bid to buy USL ships
      174 21 Seatrade Week THE PUERTO RICO Maritime Shipping Authority wants to purchase five former United States Lines Lancer class vessels, but Sea-Land has objections. Although both USL and Prudential Life Insursnce Co. which holds US$l5O million worth of first mortgages on
      Seatrade Week  -  174 words
    • PORTSIDES
      • Article
        Lock icon Bimco protests to Tunisia over tariffs
        96 21 Reuter THE BALTIC and International Maritime Council (Bimco), which represents owners of around half the world's merchant ship tonnage, said it had protested to Tunisia over new port tariffs. Bimco said in a statement tariffs had been increased by 80 to possibly 500 per
        Reuter  -  96 words
      • Article
        Lock icon FEFC lowers CAF
        42 21 Reuter THE FAR Eastern Freight Conferences covering the trade between Europe and the Far East said the currency adjustment factor (CAF) for Japan will be lowered to 78.50 per cent from AO per cent previously, effective Feb 27. Reuter
        Reuter  -  42 words
      • Article
        Lock icon Delivery ships break down
        97 21 Reuter ECUADOR'S Air Force and Navy on Wednesdsy urgently sent fuel and other supplies to the Galapagos islands, where a state of emergency was declared after delivery vessels broke down. "The situation is under control," a statement said. The islands, famed for the beauty of flora
        Reuter  -  97 words
      • Article
        Lock icon Gregos blocking Caroni river
        60 21 Reuter TWO GROUNDED Ships are blocking Venezuela's Caroni river near Puerto Ordaz, Lloyd's Shipping Intelligence said. The Liberian-registered motor bulk carrier Gregos (30,326 tons gross, built 1977), ran aground on Monday where Philippine registered motor bulk carrier Philippine Roxas (37,419 gross, built 1968) was already stuck.
        Reuter  -  60 words
      • Article
        Lock icon Soviet-Uruguay shipping talks
        100 21 AFP A SOVIET delegation headed by Deputy Foreign Minister Oleg Korunov held talks in Montevideo with Uruguayan Deputy Foreign Minister Adolfo Castells on a draft agreement to allow Soviet fishing vessels to put into Montevideo for provisions and repairs, reliable sources said. The treaty would also allow
        AFP  -  100 words
      • Article
        Wallenius resumes service
        50 21 WALLENIUS LINES will resume its fortnightly service to Abu Dhabi, Dubai, Jeddah, Bahrain, Umm Said and Kuwait following the withdrawal of the Norwegian Specialised Car Carriers from this trade at the end of last year. It expects to ship 40,000 to 50,000 cars to the Gulf annually.
        50 words
    • Article
      CONSORTIA
      164 22 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf. Straits ports/Australia, Straits/Japan and the member lines: ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      164 words
    • Article
      LR appoints new surveyor in Iran
      111 22 CLASSIFICATION society, Lloyd s Register, has appointed H A Knauer as its principal surveyor in Iran. He succeeds Klaus Stein who returns to Germany after two years in the Teheran office. Harold Knauer, who has worked for LR since 1965, was previously senior surveyor
      111 words
    • Article
      Singapore-Thai line submits bids to manage Songkhla and Phuket
      513 22 REGIONAL Container Lines is among four companies which submitted bids to manage the Thai ports of Phuket and Songkhla. Bangkok Post reported that the other three parties are C T International Line, Phuket and Songkhla International Port Services and Thaitor Co.
      513 words
    • Article
      Lock icon Tanker collides with submerged wreck
      84 22 Reuter THE 31,543-dwt Liberian tanker Regal Venture sustained extensive bottom damage after hitting a possible wreck off Jebel Ali port in the Mid-East Gulf, Lloyds Shipping Intelligence service said. The vessel is to be inspected in dry dock after colliding with the submerged object. Lloyds
      Reuter  -  84 words
    • Article
      INDEX TO ADVERTISERS
      1026 22 AB Shpg V 5 ABC Comoi—r vw 1 Accord Shoo VI 3 Ahranluaf Unar n 3 Africo Ocaon XI 2 AJttrant VI 3 AC Tooptar a Aawncon Tpl XI 4/5 Anro Samoa IV 2/3 Arrow lam IX s Anon Ocaon XI 4 Altai l.«a X 3 AN
      1,026 words
    • Article
      World's container fleet increases by 133 ships
      342 22 THE WORLD'S container carrying fleet has increased by 133 ships aggregating 151,937 TEU in the last year an annual increment of 5.9 per cent. But. as is made clear in the 1968 edition of the Containerisation International Yearbook, the percentage is considerably lower
      342 words
    • Article, Illustration
      Maersk new ship will start sailing in April
      83 22 THE GIANT container ship (above) will launch Maersk Una's new trans-Atlantic service. The first of nine sisier ships, this vessel will be ready for the first sailing In the Europe-US trade in April. The keel for the veeael which will be capable
      83 words
    • Article
      Unions criticised for prolonging Aussie port crisis
      543 23  -  From Kingsley Wood THE AUSTRALIAN Shippers' Council (ASC) has accused unions and terminal operators of an "unholy alliance" to sustain the present crisis in container clearance from Sydney wharves and depots. An angry ASC executive director Mr Ric North said the outcome of
      543 words
    • Article
      Lock icon Greek shipping revenues increase to US$1.2b
      295 23 Lloyd's List GREECE'S foreign exchange earnings from shipping climbed 20.8 per cent last year to US$l.2 billion, compared with US$9BB million in 1986, according to the Greek Ministry of Merchant Marine. It was the first year since 1981, when currency earned from shipping reached
      Lloyd's List  -  295 words
    • Article
      Lock icon NZ ports angry over board's decision
      223 23 Fairplay THE NEW ZEALAND Meat Board decision not to enlarge the number ot shipping lines designated as approved meat carriers on the US trade has produced an angry reaction from NZ ports other than the country's four container terminals. Only lines previously carrying designation
      Fairplay  -  223 words
    • Article
      Australia still lagging in containerisation
      242 23 THE ADVENT of containerisation 20 yea's ago promised greater efficiency and speed of service a promise that has been realised all over the world with the exception of Australia, an executive of the European shipowner. Hapag-Lloyd Ag, said in Sydney. In a reference to the
      242 words
    • Article
      Lock icon UK liner project likely to involve two giant ships
      279 23 Seatrade Week THE "British cruise liner" project may involve two giant deluxe vessels. Initiator of the project, UK-based Institute of Production Control, told members of the British Marine Equipment Council that the 2,500 passenger vessel it is about to order will
      Seatrade Week  -  279 words
    • Article
      SHIPPING LIST where your ships are due... and when
      8123 28 MUM Ming Comfort. Vang Ming. Fab 29 Oing Ha. China Ocean Fab 29 Korrigen. ScanOutcht. Fab 3* Villa da Jupltar. CM D Affretemenl March t. Evar Or ad a Evergreen. March 2 Arthur Maarak Maersk Llna. March 3. Ming Plessurs. Yang
      8,123 words
    • Article
      BUNKER MARKET REPORT
      1074 28 FORTNIGHTLY REPORT, compiled by Cockstt Marine Oil Ltd. show* price ranges in US dollars, instead of single prices for more comprehensive description of the market. Prices shown are based on average sized stem. Market movements are indicated. The Cockstt Bunker Price Index change and the individual changes
      1,074 words
    • Article
      LONDON FREIGHTS
      1262 29 FREIGHT rates are reported to be holding steady despite rather quiet chartering on Wednesday, shipbrokers said. The higher level of U5516.50 is said to have been paid for a 1971 built vessel carrying grain from the US Gulf to the Spanish Mediterranean with similar business early this month
      1,262 words
    • Article
      SHIPS IN PORT
      1290 29 AT CONVENTIONAL WHARVES Veeeel Berth Arrival Departure KEPPEL WHARVES Albert*) i K19 alongside 28 02,1500 Arrow Prince KI8 olongnde 2602/2300 Cfcyun K29 olongside 26 02 0600 Corot P'cess/P S36 olongside 2602/1800 Equotof V <22 olongside 2602/0700 Honl* Master It32 olongside 27 02/0800 Kolo Afetioro K3I olongside 2702/0600
      1,290 words
    • Article
      Who acts for whom...
      2025 30 A—B AB Shipping Boustead Shpg Agencies. ABC Containerize NV S pore Shpg (S). Accord Shpg Accord Shpg (S). Africa Ocean Lines Sealion Shpg (S). AhrenkieJ Liner Kim Shpg (S). Alfred C Toepfer Ocean us Shipping Agencies (S) Multiport Sdn Bhd (PK). Alltrans Alltrans Express. American President
      2,025 words
    • Article
      Lock icon Indonesia deregulates inland box movements
      378 32 Lloyd's Maritime Asia INDONESIA has completely deregulated the inland movement of containers. The government also announced just before Christmas .that it would move ahead with 14fie construction of an inland coftainer depot at Gedebagi, near the textile centre of Bandung in central Java. American President
      Lloyd's Maritime Asia  -  378 words
    • Article
      SHIPPING EVENTS
      247 32 Feb 28-March 4 Forecasting shipping markets, Cambridge Academy of Transport course. University Arms Hotel, Cambridge. March 1-3 Cargo insurance clauses workshop organised by Insurance Reinsurance Research Group, Royal Horseguards Hotel, Whitehall Court, London SWI. March 2 Hazardous cargo handling, Nautical Institute (Forth Branch), 1930 hours, the former Leith
      247 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      810 21 ,A v\P TINES KOtt Hifi-'OA 1 STP Distributors rimM *u**mtmv Group WW ORIENT OVHQEAS IWfit—t IiME DINE SHIPPING AGENCIES (R«« No *****4, OOK 200 Cantonmant Road #12-05 Southpwnt. Smpporc 0208 T«l 221 SOU TELEX NO RS ***** ITERMINAL/CFS Td *****11 220 BOOKINGS Til *****34 23S PESAKA JAR DINE SHIPPING AGENCIES
      810 words
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      Page 21 Advertisements Column 2
      83 21 REGIONAL Container Un«s is among four companies which submitted bids to manage the Thai ports of Phuket and Soogkhla. Page II THE AUSTRAUAN Shippers' Council (ASC) has accused unions and terminal operators of an "unholy alliance" to sustain the present crisis in container clearance from Sydney wharves and depots. Page
      83 words
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      Page 21 Advertisements Column 3
      486 21 *°V W* v* IMB STP Distributors s|N*-' MAERSK LINE FAST TRANSIT TO PORTUGAL SINGAPORE/LISBON 23 DATS SINGAPORE/LEIXOES 21 DATS Th» week Arthur Maerak Ckwng Time CY 2/3 2300 W«S CFS 2/3 1300 MRS M ROTTERDAM MO* LAUST M. MM a H AXEL M M TOKYO Thm «M» ArttHjr M Ckwog
      486 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      596 22 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT ALSO ACCEPTING CARGO TO. ALL UK INLAND DESTINATIONS. BELFAST, DUBLIN. COPENHAGEN. AARHUS. GOTHENBURG. MALMO. HELSINKI. OSLO. AMSTERDAM. CARIBBEAN A S AMERICA CONTAINER SERVICE FROM UK/CONTINENT «TTI ING KOBE W, TOKYO 7/3 CONV/SEMI-CONTAINER SERVICE TO MED EUROPE dp Singapore *****00 Bookings *****06 CFS *****48 K.
      596 words
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      Page 22 Advertisements Column 2
      17 22 Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      17 words
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      Page 22 Advertisements Column 3
      301 22 CHARGEURS REUNIS 1** V G EARBULK LTD PORTLAND MELBOURNE P.KEMBLA 09/04 13/0* 17/04 24/04 29/04 04/05 13/05 20/05 ?5>05 NEWCASTLE BRISBA 20/04 24/04 06,-05 ***** 78'05 0106 HAREFIELO 11/03 NANDU A. 04/04 FOLGA 21/04 Also accepting breakbulk ego subj to AGENTS S'NGA>>OPf ANGLO FRENCH SMIPP'NC Tel 222*1 il Telei RS21MC
      301 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      696 23 The Straits Steamship Group Mansfield Container Shipping Re Ltd F&O Containers MJ.'.'iH! i:l-' A-u'i>atni .11. i STRAITS SHIPPING SinQiporv to Sibih, Sarawak, Brunei Ports and Bangkok N-twi rim R'Ma UHi 1W H*) an pccasus progress vson S*PORE B'KOK n-e Bar iMt a-a Mr li-u BANGKOK BORNEO AGENCIES LTD. BANGKOK TEL
      696 words
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      Page 23 Advertisements Column 2
      542 23 iS C SAV EXPRESS SERVICE TO/fwom CMLE FtEDCR VBKL IrNMIMOTNa VESKL NK AJttCA IQQ AHTOf VALP SAI CUV 1 yj AVOKL W If M cm* i «s cm camkr a? m low an cm* j |np |l*gg ?v> «s «s ms npi CARGO FOR PVJNTA ARENAS, TAICAHUANO (UN VICENTE) ACCEPTED
      542 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      360 24 US I NOSE MARITIME PTE LTD EBJ ISLAMIC REPUBLIC OF IRAN SHIPPING LINES AMAPOLA I Singapore Loading for: 15/3 Karachi TAIYO MARINE LINE AUBTBAII4 SERVICE TWU KK S PORE LOAD FOR SID SLD 27/2 SYO, MELB WW TRANSPORTACION MARITIMA MEXICANA, S.A. WHOSE MARITIME PTE LTD TEL 23*1144 FAX *****(1 MALOSE
      360 words
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      Page 24 Advertisements Column 2
      640 24 .*SI MC.S.line gtMA SHWOC cwiunn FULLY CONTAINERISED SERVICE TO FUROPt VIA SUEZ Member ot the Ace Consortium ORIENTAL CHIEF SM NEPTUNE MAHOND 74N KOREAN JACEWON UK NEPTUNE CRYSTAL 44W CHINA CONTAINER 44W HONGKONG CONTAINER •FOR/MOTHER VESSEL HKC S3C/KOREAN VON IS JIN 731 HKC 53E/HANJIN KWANCYANC 43E TWB 41E/KOREAN WONIS ONE
      640 words
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      Page 24 Advertisements Column 3
      326 24 f/A FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CHITTA6OMC: SAILING 6/3 10/3 SIN FOR: PORTO, LISBON, ORAN, BILBAO 12/3 MADRID, MALAGA, MEULLA, 19/3 TANGER, TENERIFE, LABPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ISTANBUL U-S.A. NYC ALSO ACCEPTING TO 8/3 20/3 5/4 CHICAQO, BOSTON, JAV, PHIL, BAV, 1/3 23/3
      326 words
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      Page 24 Advertisements Column 4
      1418 24 onirrinu iuiuo, rnuay, reuruarj 20, 1900 EVERGREEN Full Container Service EVU GLOM EVER GENTLE EVER GENTRY EVER GUIDE EVU GOLDEN EVU GUARD EVU GRORTT* Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) SGP HKG KSC KLG PUS OSK TVO KSN CMS BAL NYC LMV VI 7/3 40 110 140 110 17/1 50 M 11*
      1,418 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      903 25 r xrN PACIFIC INTERNATIONAL LINES W\ PIL Building. 140 Cecil Street. 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE KOTA EAGLE HOTA SMGA GOWA MAJAPAMT JAKfIRTfI CONTAINER SERVICE SURARfIYfI/SEMfIRANG CONTAINER SERVICE Wl JKT ss* 1/1 w aa W M 1W 1M vesml MTCOHA mtcgra ma fortune my mm sm
      903 words
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      Page 25 Advertisements Column 2
      636 25 T BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT rWM MUM STON NAN »MAWN tOAM HAM jr"— W an an an an an 22TL IS i 5 w iK 22 J5 i" u ."J™" 1 no wi u* iw vn vn m an an an an an an an an
      636 words
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      Page 25 Advertisements Column 3
      328 25 DJASAGETRI A Joint Europe Service Of: f.T. DJAKARTA Lion P.T. 6ESUM LLOYD P.T. UMHU INDONESIA P.T. TUKOM EXPBESS SEMI CBNTAINERSHIP SERVICES SINGAPORE TO EORBPE ILu VSI/VOY GANDA BHAKTI/20WB S. PANJANG/ItWB KUTAI/14WB BILBAO ANTWERP H'BURG R DAM/ADAM BR EMEU 15/4 11/4 a/4 2*4 28/4 21/5 21/5 Port AlfiMdrit Gtnoi Trieste CAMO
      328 words
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      Page 25 Advertisements Column 4
      419 25 Pa*e V BOUSTEAD SHIPPING AGENCIES HTONEYWA V232W vrnw ava vnn pagan vizsn M AN VI22W Loading for Rangoon Spor. P.Kelang Ponang Bangkok ops W 22/24 253 FA W*z 13/15 Mar \Sa BANK LINE 1 EXPRESS SEMI-CQNTAINFP S NORTHBOUND TO UKC SPORE ROAM HULL HMK FORTH BANK V&N IW3 7/4 15/4
      419 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      1352 26 LL K"UfIE SHIPPinG-DflTfi flTLflnTkC COAST (Round-The-World Service) •PK/PNG SPORE LB CHLS NFK NYC HFX ORIENTAL FREEDOM VU 21 Fab 3 Mar 26 Mar 5 Apr 7 Apr 9 Apr 13 Apr ORIENTAL FAITH V 7 5 Mar 10 Mar 2 Apr 12 Apr 14 Apr 16 Apr 20 Apr ORIENTAL
      1,352 words
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      Page 26 Advertisements Column 2
      624 26 'M INDIA EXPRESS CONTAINER SERVICE S.O. NACALANO V 3tH THEOOOR FONTANE V IIN RAVI DAS KM INDIAN COURIER V.2M tO. TRIPURA V MM TMEOOOR FONTANE V 17N INDIAN COURIER V JON SERVICE USA ATLANTIC/EAST CANADA SERVICE AcoepMwa FCL/FCL Containers Mr*. York. Savannah Bettmore. Oiarieeton PMtaMptaa. N Orlaam. Meirtreel. Tom PKelam
      624 words
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      Page 26 Advertisements Column 3
      701 26 K GOLDEN LINE GUAN GUAN SWUNG (PTE) LTD 3, T«l*k Avar StrMt SINGAPORE OM TEI SUM (U LINES) Fat SOS STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Colombo/Karachi/Out* GOLDEN LAND Colombo/KaradM/Oubai CHINA SERVICE A VESSEL Shanghai/Hsinkang P Katanj Penant 14/14 Mar Z CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF
      701 words
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      Page 26 Advertisements Column 4
      494 26 rnaay, reoruary m PHILI Oni€NT LINtS PT€ LTD OFFICE 63 ROBINSON ROAO '37 «'RO AS A BUILDING S'NCfIPOPf DICS T£UX RS ?87?3 TMHI fe> ?755f'6 ,Ti-'n rv^irm V!">yir<"ir!M irj .viTRO r> UK/EUROPE SERVICE USA SERVICE 3i|i S GOLUBKINA M KONG KOBE. KEELUNG. COLOMBO KARACHI. BOBNAY MOMBASA. PftflESSflLftM BEIRA. TAMATAVE. REUNION.
      494 words
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      Page 27 Advertisements Column 1
      1002 27 NEPTUNE ORIENT LINES LTD 1 I Bihru NEPTUNE AGENCIES PTE. LTD. FE EU/AUST TPA/SEA Terminal CFS BOOKINGS 27a5753 27K742 *****22 *****53 *****1J 2790U* *****11 *****41 NEPLINE SON. BHD. 3HM7 INWARD/OUTWARO NEPLINE SON BHD 2I1«B3 ENQUIRIES *****44 NEPLINE SDN. BHD. t*****/t27W9/t77KI/«27«t2 NEPIINE SON. BHD. 23MM/*****1 TO EUROPE/UK (VIA SUEZ): Spof rttow
      1,002 words
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      Page 27 Advertisements Column 2
      391 27 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P KELANG. PENANG, BUSAN, INCHON Vauaf'i N«m« ETD BS BKK SPOKE PKELANC BUSAN HO JI •GJoria/WZN 1002 Z2/K 27-27/W 10-11*3 13/03 No 7 Oonwn/KDN a/02 06 OMB 04-45/03 17 28A3 22/03 No« oorvim/IO2N 20AJ2 01X13 060MJ3 »10«3 20-22/03 24/03 No I
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      Page 27 Advertisements Column 3
      727 27 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: 22M241&* Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** p kelanc 5555 M/$ HANDLING SYSTEM CO SON BHD MESSRS MAI THONC SMIPPINC 127 PwantStraet, Penar* Malaysia
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      Page 28 Advertisements Column 1
      267 28 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. TU 225 6868 i3O Lines' FAX *****39 *****76 TUEX RS ***** A B SSCMA RS ***** A B SSCAD ve.b deutfracht/seereederei rostock INTEGRATED FULL CONTAINER SERVICE WJKXM PKCX w -Also Kca*n| carp tor taMM m Rottarti* nravtuMfc uipnc im COTTBUS M ►nWii t miv j
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      145 28 K Regional WMthcr m v; H ft >Yl rj m a I r>i :V OS hoot SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 AJ*. THIS MORNING. WSI Tcmpwoti*. •c W«d dr«thon »rfh ipMd knoH Wo*. h»<9hi LfGfNO R Thunderstorm V Show#* Rom Cloudy Sky W©<« wm4% Of mdKOfd by S»—»
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      Page 29 Advertisements Column 1
      338 29 < CFS > CRYSTAL FREIGHT SERVICES PTE ITD Tel. *****88 Tlx ***** Fa*: *****88 UNI-OCEAN LINES PTE. LTD. 60 Cecil St #02-01. KPB Bo.Wing S pore 0104 Tel: *****66 15 lines) Telex: RS ***** UNISHIP r I :1; 23 Voy SIN M 2» IS/3 3831 29/3 8833 15,4 7TTI7 iI.M
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      Page 29 Advertisements Column 2
      12 29 \\csp\ CSP SHIPPING AGENCIES PTE. LTD. Tel *****66 (16 Lines) Fa* *****15
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      Page 29 Advertisements Column 3
      624 29 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. rgj IRAQI LIN£ i»*o' ST*if «MTixrnisi fo* IMRITI«? TM»J' EAST BOUND SERVICE ETA SPORE LOADING FOR ALFARABI IIV3 J»p»n mi sindsad m Jipin WEST BOUND SERVICE ETA S PORE lOADINC FOR MV ALFARABI j«M*h. km* THROUGH BfLt to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS
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      Page 30 Advertisements Column 1
      619 30 I KINK I.INKK SIIII'IMN(« I* IK 111 S"t' n ill O.T Mimii Hu" S > EUROPE SERVICE IS I"® Till |u/J an \va itm m lan IS FAR EAST SERVICE TATSUMI MARINE CO. LTD. JAPAN DIRECT SAILING TO PAPUA NEW GUINEA (ACCEPTING CONTAINER AND BREAKBULK CARGO) CEDRUS V.14 S'PO« 29/02-2/3
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      Page 30 Advertisements Column 2
      371 30 ZIM Ull CONTAINER SERVICE tCMptinf T CL/ICI t*ft to USA Last 1 Wmt Coast. Carnbb«an.Ea»t Canada. HAITI Costa Rica. El Salvador. Cwtwiuli Honduras Vtnuuola. Peru. Ecuador. Colombia via Miam. Trinidad Barbado*. Antifua SI Lucia. Montsorrat. Guyana via Kinpton TV TTM V j'M "TB AUSTRALIA IJ ZIM KOftß 2/3 ZIM KAOHSIUN6
      371 words
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      Page 30 Advertisements Column 3
      561 30 Everett Lines I WgV COMPANIA PERUANA Di VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, HAT ARAN!, ILO* AND ALL OTHER CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Pmant* P. Mianf ttjpw THOMASEVERETT M fe, HUGHEVERETT 11/13 Mar MANOLOEVERcTT 30/31 Mar j ORIENT UNE" R JAPAN/BAY OF BENGAL/JAPAN SERVICE 6
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      Page 31 Advertisements Column 1
      222 31 m rTiq LCL WEEKLY SERVICE TO: KEELUNO 2ftl2 HAM/MEM t/3 BANGKOK 2S/2 ROTTERDAM «/3 HONGKONG 27/2 TILBURY t/3 FRCMANTLE 2*/2 SVD/MCLB 2fi aoclaioc nn (transit time 12 days) WEEKLY CONSOL. SERVICE FROM GERMANY m ETA s pore CON-CARRIER SUV Ui2 3/3 CON-CARRIER KM7 11/2 10/3 LCI SERVICE TO CARRIBEAN PORTS
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      Page 31 Advertisements Column 2
      74 31 Tfll KUANG HANG CO PTE LTD Vessel MV CHRISTINA MV MARINA I Destination PALEMBANG/PONTIANAK PALEMBANG/PONTIANAK 105 C«cll StrMt #16-03/04 THE OCTAGON Singapore 0106. Tel: *****77/*****73 FAX: *****64 TflYO SHIPPING LINES ?TE LToj TPt *****25 (3 Llnaa) TLX RS ***** TAVOIN VESSEL S PORE LOADING FOR LfSTAIH UTAH 5/3 DUNAI. PCKANBARU
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      Page 31 Advertisements Column 3
      495 31 E. MALAYSIA A BRUNEI EUROPE. USA. CANADA A AUSTRALIA TEL: *****11 FAX: *****47 TELEX: RS ***** SKHST aiiiKii LUCKY SEAWAY SERVICES PTE ITO TIl ***** Fai: 339C377 S.E.ASIA/CHINA SERVICES SGP PKLANG PNG FOR TM 15/3 SHANGHAI E. AFRICA/RED SEA MEDITERRANEAN SERVICE KTN SGf FOR RUVU 4/3 MUKALLA/ALEXANDRIA/OAR ES SALAAM RUANA
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      Page 31 Advertisements Column 4
      499 31 (El) POH TIONG CHOON SHIPPING (PTE) LTD TEL: *****66 (10 LINES) FAX: *****41 TELEX: R*****6 POHSHIP PTC GROUP KEELUNG/KAO zs/z e/3 13/3 BUS AN 1/3 6/3 15/3 HONG KONG 1/3 7/3 12/3 TOKYO/YOKO 3/3 18/3 23/3 BANGKOK 27/2 5/3 12/3 UK/EUROPE 9/3 21/3 9/4 JAKARTA 27/2 1/3 5/3 USA/CANADA 6/3
      499 words
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      Page 31 Advertisements Column 5
      351 31 E 31 +IWMM* PERCH OCEAN LINES (Ptrfact China Ocean Shipping Lints) Destinations: from port kelang/singapore SHANTOU, GUANGZHOU HUANGPU, XIAMEN WPFIfI V HAIKOU, ZHANJIANG Ct 1 XINGANG, QINGOAO SAILINGS SHANGHAI t OTHER PORTS SINGAPORE AGENTS: PKELANG/KLUMPUR AGENTS: RAPID SMPPMG PTE LTD JOHAMM FREIGHT S/B. TEL: *****77 TLX: ***** TEL: *****2W7 TLX:
      351 words
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      Page 32 Advertisements Column 1
      328 32 f/f Hai Sun Hup Co (Pte) Ltd T E; 220-1906 (20 Line*.l Tl X RS ***** K HS *****, ft. I \sll K K II I K II I) STRAITS/ JAPAN/ STRAITS SERVICE CIALIST IN RO-R0 HEAVY LIFTS *Subject to cargo inducement NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN
      328 words
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      Page 32 Advertisements Column 2
      555 32 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/WLF/CMADA/lIEXICO AND FRENCH WEST INDIES -t. JUTLAND)* N. KLFT VS uft ATLANTIC CONCUT Hli STUTTGART EXPRESS Jl/3 NUERNBERC ATL i J .llrrll rrrm COLUMBUS LINE REEDERE! GMBH (A SERVICE OF HAMBURG SUD) Stf EXPRESS So*-CONTAf*R SERVICE TO TAMAITAI SAMOA VI2N
      555 words
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      Page 32 Advertisements Column 3
      270 32 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK MMHUU M ffl TO ll» Tel: *****88 (8 Lines) Tlx: RS ***** SHAPING PTE LTD TEL *****55 I TLX RS ***** FAX *****14 2^?^unes; TIMBER/BREAKBULK SERVICE RANGOON S PORE BKK HKG KEE QINGDAO SILVU HAWK In Pt 4/3 LATANGAN 15/3 2*3 2/4
      270 words
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      Page 32 Advertisements Column 4
      644 32 win CALL US AT: P. KELANG PENANC J. BAHRU P. GUDANG SINGAPORE K. LUMPUR *****53/*****11 04-*****2/4. *****3 •07-*****8 •07-*****3, *****5, *****0, *****1 •02-*****22 *****88 WEEKLY FAR EAST/EUROPE CONTAINER SERVICE ■I»:M I'.armTTnMir 'it* TO EUROPE FEEDER I. BUTANC 4» I. MJTANC MJTANC 423 B MJTANC 4» PERMAI KORRIGAN JUTLANOtA i «»n
      644 words