The Business Times, 3 March 1988

Total Pages: 28
1 28 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 95/12/87 THURSDAY, MARCH 3, 1988 75 CENTS
    11 words
  • 244 1 Reuter Dow Jones higher WALL STREET stocks rose in early trading yesterday following an overnight rally in Tokyo brokers related to a steady dollar. The Dow 30 index was up 12 at 2082 and gainers had a two-to-one lead over losers. Footsie higher SHARES continued their upward
    Reuter  -  244 words
  • 161 1 SHARE PRICES on the Asian and Australian stock markets were on the uptrend yesterday, with Tokyo taking the lead on renewed impetus after Monday's slight dip. Japanese brokers said Tokyo share prices closed higher on continued aggressive buying of large capitalisation issues with confidence
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  • 154 1 TRANQUILITY ruled the Asian foreign exchange markets yesterday as the US dollar moved narrowly against major and regional currencies. The US dollar closed weaker against the Singapore dollar at 52.0140, down from Tuesday's close of 552.0150. However, it finished slightly firmer against the
    154 words
  • 456 1  -  By LISA LEE WHILE foreign brokerages have given more bite to some Singapore operations in recent tieups. at least two local broking firms will set up overseas operations to get a larger slice of business from the international markets. DBS Securities
    456 words
  • 689 1  -  Government may give companies a helping hand By LOH HUI YIN AFTER weathering the economic recession, local companies are beginning to look into where their next stage of growth would come from. For the bigger companies, one way is through expansion overseas, or. if they
    689 words
  • 105 1 NINE working days, from March 14, has been set aside for Parliament to debate the Budget statement which will be delivered by Finance Minister Dr Richard Hu tomorrow. The Budget will cover the new financial year from April 1, 1988, to March 31. 1989
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  • 402 1  -  By CHUANG PECK MING EMPLOYERS and trade unions are keeping their fingers crossed that the Budget to be presented tomorrow will not contain proposals to increase statutory contributions. The Singapore National Employers' Federation (SNEF), particularly, has indicated that employers at
    402 words
  • 165 1 Reuter SOME OF the newly-industrialis-ing countries in Asia are finally allowing their exchange rates to reflect economic fundamentals more accurately. US Treasury Secretary James Baker said in Washington on Tuesday. He said this during testimony to the Senate Appropriations Committee. On other points,
    Reuter  -  165 words
  • 384 1  -  by Anna Teo EMPLOYERS LIKE neither of the two suggested options for raising the Skills Development Fund (SDF) levy. Trade and Industry Minister Lee Hsien Loong said last Dec 31 there were two ways to raise SDF contributions so as to fund
    384 words
  • Page 1 Advertisements
    • 136 1 Cassette Receiver K2 FUJITSU TEN AMATEUR PHOTO STORES PTE LTD Singapore Phone *****33 Kuala Lumpur: Phone *****33 Penang Phone *****5 *****1 Jakarta Phone *****5 Full report, Page 14 Regional markets, Page 16 World markets, Page 17 ft* s d FOR A GOOD DEAL Come and see what is destined to
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    • 298 1 Traders —k to slow won's rlso, Pago 9 kmd3 JAPAN WILL CONTINUE to give preferential treatment to imports from Singapore and the other three Asian NICs. HOME NEWS, Pag* 2 JAPAN'S MINISTRY of International Trade and Industry will cooperate in the development of China's city of Qingdao as an industrial
      298 words
    • 17 1 Th« best of Singapore Inc, Pag* 10 The Hongkong budget: Favourable response from financial circles Back Page
      17 words
    • 162 1 lr hiir' IKi 11 iH! 4> Reduced home loan interest rates. Yes. We've reduced the interest rates of our Home Access Loan. We've also put together the Access Team. A panel of experts who can advise and assist you in all aspects of buying a home and getting a loan.
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  • HOME NEWS
    • 392 2  -  By WILLIAM CHIA JAPAN will continue to give preferential treatment to imports from Singapore and the other three Asian newly-industrialising countries, according to a Japanese politician yesterday. "The policy of Japan is to improve access to its market. For this reason, the Japanese
      392 words
    • 304 2 ASEAN COUNTRIES can look forward to investments from the Asian newly-industrialising countries (NICs) and not just from Japan alone, delegates at the Asean Investment Forum were told yesterday. This point was made by both Mr Ridzwan Dzafir, directorgeneral of the Trade Development Board, and
      304 words
    • 500 2  -  Tie-up with Tokyo group has blessings of NCB By JEFFREY TSANG TWO CONSORTIA of Singapore and Japanese companies yesterday signed an agreement to work closely together so that they can jointly undertake large international computer software projects. The two groups will collaborate in
      500 words
    • 177 2 THE ADVISORY COUNCIL on Community Relations in Defence(Accord) has served as a valuable source of feedback and advice to policymakers in the Ministry of Defence. Dr Yeo Ning Hong, Second Minister for Defence (Policy), noted this yesterday at an Accord meeting to welcome
      177 words
    • 404 2 OIL REFINING appears to be reemerging as a high-growth industry. according to a senior refinery engineer with the World Bank. It would be a mistake for countries not to give due consideration to an industry that would continue to supply energy for
      404 words
    • 252 2 TEO LEP OUEE has been promoted to managing director ot Security Pacific Asia Futures Inc. with effect from March 1. Mr Teo takes over from Mr Yeong Wai Cheong who will leave the company at the end of the month. Mr Teo was involved in the activities
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  • Page 2 Advertisements
    • 376 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day The Winners' Circle. To be precise it's the Nissan Winners' Circle. And if you buy a Nissan Laurel before 10th March 1988, you automatically enter the Nissan Winners' Circle Lucky Draw. Once in, you're not only sure to win a
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  • 643 3 ARRIVALS Operator S*rvlc* Local From numbor rim* SU SQ1 1330 SFO/HNL/MKG SU SQ109 1405 KUL SU SQ455 1410 IWN THAI TG405 1415 BKK/HKT LUFT LH778 1420 FtA/BKK S1A SQ61 1435 BKK G4A GA962 1435 CGK THAI TG413 1450 BKK CPA CX713 1500 HKG/BKK MAS MH607 1505 KUL
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  • ASIA – PACIFIC
    • 241 3 NYT JAPAN'S Ministry of International Trade and Industry (Miti) has announced in Tokyo that it will cooperate in the development of China's city of Qingdao as an industrial complex and export base. Officials said the ministry will sign an agreement at the end
      NYT  -  241 words
    • 83 3 AFP THE PHILIPPINE trade deficit widened from US$2O2 million a year earlier to a record US$l.O2 billion in 1987, the National Statistics and Census Office said in Manila. Imports grew by 33.7 per cent to US$6.7 billion, led by oil and petroleum products, electrical machinery, iron
      AFP  -  83 words
    • 530 3 UPI UNITED NATIONS mediator Diego Cordovez convened top Afghan and Pakistan officials yesterday for a projected final round of talks on an Afghan settlement including a firm timetable for Soviet troop withdrawal. Mr Cordovez, from Ecuador and UN Under Secretary-General for Political Affairs,
      UPI  -  530 words
    • 385 3 AP THE SRI LANKAN government on Tuesday indefinitely postponed local elections in areas hit by Tamil separatist violence and a pro-Sinhalese radical campaign. The country's election commission said in a statement that next month's elections to provincial councils would not be held
      AP  -  385 words
    • 138 3 AP CHINA'S Foreign Minister Wu Xueqian said yesterday that relations with the US since the latter half of last year were "not all that good'' but that there are no insurmountable difficulties between the two countries. Ties between Washington and Beijing have
      AP  -  138 words
    • 177 3 AP BRAZIL and China will jointly build an observation satellite, the Brazilian government said in Rio de Janeiro on Tuesday. The US$l5O million satellite is to be launched on a Chinese-built rocket by 1992, said the National Institute for Space Research, which will
      AP  -  177 words
  • Page 3 Advertisements
    • 245 3 fIU 1a Ifl 1a The business person's choice, every I 1 II 1 1 Tuesday, Thursday, Saturday and 1 1 m\ \l II f Sunday. Leaving Changt Airport at \WL l JL 22:05 hours and arriving at Lester B. Pearson International Airport the following day. Call your Travel Agent or
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  • Page 4 Advertisements
    • 394 4 Sometimes it seems like there's no justice in today's business world. You'd think that the more you increase your sales revenue the more your profits would grow. But sometimes they don't. So, today's corporate treasurer has the unenviable task of attempting to minimize unnecessary float or overdraft balances and keep
      394 words

  • REST OF THE WORLD
    • 436 5 AP AFP LEADING economic indices are booming in Asia but in Europe and the United States, they are stagnating, clouding the outlook for further worldwide economic expansion, a New York-based research organisation said yesterday. The Conference Board s composite indices, which the think
      AP; AFP  -  436 words
    • 380 5 AFP THE US has accepted the General Agreement on Tariffs and Trade (Gatt) decision that certain US fees are "discriminatory" and now Japan should do the same in applying the recommendation of Gatt to open its market to farm products, a top US
      AFP  -  380 words
    • 251 5 Reuter US TRADE REPRESENTATIVE Clayton Yeutter said on Tuesday that trade legislation being considered by Congress could set back US export gains. In remarks to the Washington Export Council, Mr Yeutter cited improvements in the US trade deficit for the past two months and
      Reuter  -  251 words
    • 341 5 AP THE MISSILE BATTLE between Iran and Iraq is the first time that warring nations have used such weapons to terrorise each other's capitals. Iraq has seen its capital. Baghdad, blasted by 39 Iranian missiles since early 1985. Now, for the first time in
      AP  -  341 words
    • 127 5 Another crash unlikely Nomura chairman AFP THE WORLD'S stock markets will not see another major setback this year as there is no sign of deterioration in the US economy, a Japanese securities industry leader said in Tokyo on Tuesday. "A stock market panic like last October's Black Monday will not
      AFP  -  127 words
    • 235 5 UPI PRESIDENT Reagan arrived in Brussels on Tuesday on a mission to reassure his Nato allies and strengthen his hand towards Moscow with a reaffirmation of western solidarity. Voicing firm commitment to the defence of Western Europe, Mr Reagan flew to Belgium for
      UPI  -  235 words
    • 221 5 Reuter THE ARGUMENT raging in Nato about modernisation of nuclear weapons harks back to a decision the alliance took in a Quebec town in 1963. Exactly what that decision was remains a matter of dispute. When leaders of the North Atlantic Treaty
      Reuter  -  221 words
  • Page 5 Advertisements
    • 237 5 v 1 S? W* m Ar 4 7A O^BO India is right on top! Up there 30,000 ft high up in the sky you'll find the very essence of India. Air-India. A country quite different from any other. You sense the mystique even as you step aboard. The hospitality, the
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  • Page 5 Miscellaneous
    • 130 5 M !!'////> I Haie Snow Clear Cloudy > Sunny Cloudy Clear Cloudy Cloudy Snow Cloudy Cloudy Rain Snow Cloudy Clear Cloudy Fin* Cloudy Cloudy Cloudy Fin# Clear Snow Snow Cloudy Cloudy Fin* O'cast Clear Clear Cloudy Rain Cloudy Cloudy Snow Fair Clear Clear Cloudy Rain Clear Sunny Smoke Clear Cloudy
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  • COMMODITIES
    • 374 6  -  Trading starts on May 3 By ALVIN TAY THE RUBBER Association of Singapore (RAS) plans to send delegations to all major rubber consuming and producing countries to market a new rubber futures contract. The instrument, which will be called TSR-20 (Technically Specified Rubber
      374 words
    • 300 6 AFP ALTHOUGH the worst is over for the gold price after its recent fall, there is no likelihood of a sustained bull market through the rest of the year, analysts Shearson Lehman say in their Annual Review of the World Gold
      AFP  -  300 words
    • 60 6 WEAKER crude continued to depress prices for all products yesterday. Dubai (April) W«t Ttin US$/borr»( 13.75 Oiang* -0.20 Wtl (April) 15.68 -0.30 Products (FOB S'pore) KaroMn* GOMA low Suiphur Waxy IiMm, LSWt USS/barral 21.45 19.85 14.60 Otang* -0.10 -0.05 -0.15 NapMha* HMVT M (3.5% ntphur) USS/tann* 148.00
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    • 110 6 UPI MORE THAN one million ounces of gold, worth around £275 million at current prices, could be lying under the hills of County Mayo in the Irish Republic, according to a spokesman for Glencar Explorations on Tuesday. Glencar has been encouraged by preliminary
      UPI  -  110 words
    • 428 6 Crude palm oil future* finished easier in quiet trading on the Kuala Lumpur Commodity Exchange yesterday. The lower close was due to the lack of confidence as fresh leads were not forthcoming. Pakistan's purchase of 12,000 tonnes of crude palm oil had been discounted on the market. Spot
      428 words
    • 331 6 Reuter THE SOVIET UNION produced peak volumes of oil in 1987 and may have sold more abroad than in any previous year, adding to a glut which has depressed prices to their lowest in 15 months, according to market analysts on
      Reuter  -  331 words
    • 83 6 UPI NON-OPEC EGYPT, citing a decline of prices on the world market, said on Tuesday it was cutting the price of its crude oil exports by US$l a barrel, with the premium Suez blend selling for US$l4 a barrel. Hammad Ayyoub, director of sales at
      UPI  -  83 words
    • 154 6 Reuter THE REAGAN administration still opposes a fee on oil imports in spite o< a Senate Energy Committee report which endorsed the idea. US Energy Secretary John Harrington said in Washington on Tuesday that his agency's analysis of the effects of a US$lO-a--barrel
      Reuter  -  154 words
    • 334 6 HONGKONG: Gold closed steady in fairly active trading after profittaking eroded its early gains yesterday. US houses bought gold in early trading in a bid to test the metal's higher side, but selling by Middle East traders quickly emerged, pushing gold to end near the day's low. The
      334 words
    • 218 6 Reuter THE LONDON Metal Exchange (LME) is seeking details of transactions in nickel to prevent anyone cornering a market in which shortages have sent prices soaring. LME chief executive Michael Brown said on Tuesday that the exchange is writing to all broker members
      Reuter  -  218 words
    • 274 6 SINGAPORE The rubber market yesterday closed slightly steadier with April One RSS buyers quoted at 221.50 cents/kilo, up 0.25 cent from Tuesday's close. Prices were higher at the opening in line with firmer overseas advices and some speculative buying. But gains were pared slightly towards midday due to lack
      274 words
    • 105 6 THE Kuala Lumpur Tin Market contlnuad Its bullish trand yesterday to cloaa ona cant higher at M 517.50 a kg from Tuaaday. Tha ftrmar aantimant waa furthar support ad by parslstant Europaan short-covering, couplad with atarllng'a ataadlar tona against tha Malaysian dollar and hlghar European spot tin prlcee.
      105 words
    • 239 6 Chinese Produce Exchange S#W#fi noon doting prices on Mordi 2 (SS/100 kg) Coconut oil Bulk FOB 108 00 OW drum FOB 118.00 New drum FOB 122.00 Copra Mined (toot*) 61 Pepper Muntok white FOB NLW 1100.00 Sarawak white FOB foq NLW 1085 00 Sorawak lpedol block FOB NLW
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    • 221 6 RAS prlC68 In S canto/kg, FOB In teta NOON CLOSE Buyort Buy*" Int 1 RSS Prompt 223.50 224.50N 223.00 224.00N Int 1 RSS Apr 88 221.75 222.25 221 JO 222.00 Int 1 RSS May 88 222JO 223.00 222.25 222.75 Int 2 RSS OP 219.25 221.25N 219.00 221.00N
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    • 79 6 (canti/kg) APRIL 1988 MAY 1988 (currant month) (forward month) RAS NOON NOON lvy#n lvr«ri 3,n, ri SSI 30 215.00 317.00N 215.00 217.00N SSI 50 213 JO 215 JON 313-50 315 JON MRELB 8vy«n tuyn SMI CV 291.00 ****** 392.00 394.00N SMI I 391.00 393.00N 292.00 294.00N SMI
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    • 173 6 SOYBEAN FUTURES in Chicago closed mixed on Tuesday, with prices off two to up 1% US cents a bushel. May settled one cent lower at US$6.4l Traders said the mixed tone in prices resulted from inter-month spreading with some buying July and selling November. Prices were also supported by
      173 words
    • 198 6 WHEAT FUTURES in Chicago closed on a weak note on Tuesday with prices off 4V4 to 5% US cents a bushel. May ended off five cents at U553.18% and hovered in a major support area from US$3.l5 and US$3.2O. Late mixed selling depressed prices. The market began weak on
      198 words
    • 322 6 London Commodity Exchange B«yor/So*or dotk tg pricot on Mor 1 (£/fonno u nlost tpodfied 1 Proviout doting prices In poranfhoth. Coffee Both ln-ttor« London, tollort option CIF London Mor 1182/1183 (1300/1201) High/Low 1196/1182 Moy 1217/1218 (1236/1237) High/Low 1232/1215 So tot (7286) Cocoa Mor 975/978 (968/969) High/Low 979/966 May
      322 words
  • Page 6 Advertisements
    • 129 6 J r/r/r/ Y/l/7/// Y,> t/7// I he restaurant with the «'\<juisite Italian Renaissance. Decor food Wine. Service. I .ach is an epicurean masterpiece. I )«»il\ (except Sundays) 12.00 pm to .V(H) pm 7.00 pm to 11.00 pm Reservations. please call 7.n<) 1 MX ext Sfill or Hl2O. Y/f/f/ At thedrand'
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  • Page 7 Advertisements
    • 192 7 Orchard Road Only one first class hotel is spot in the middle. The Crown Prince Hotel. To business travellers and holidaymakers alike, it is the 'crown in the jewel'. Spot in the middle of all the action, the life, the colour of Orchard Road. In every direction, there are stores,
      192 words

  • MONEY AND EXCHANGES
    • 302 8 AFP THE GLOBAL EXPANSION of Japanese banks accelerated last year with the opening of 43 new offices abroad boosting the number of foreign branches or subsidiaries to 441, according to figures released in Tokyo on Tuesday. The Finance Ministry figures showed that Japanese
      AFP  -  302 words
    • 1847 8 SINGAPORE: The US dollar closed slightly firmer against most major currencies yesterday after moving within a narrow range in thin and featureless trading. Trading was largely technical as there were no fresh factors to stimulate activity. Most operators also refrained from taking large positions due to uncertainty over
      1,847 words
    • 187 8 Indicates tha av*r*g« of ItM prim* landing rata* of 12 ma|or banks In S'pora Interbank market rates (offer/bid) on March 2 us* DM SWFC Y«n 7 day* 6 11/16 9/16 13/16— 13/16 3 7/16 3/16 1 3/8 1/8 4 1/16 3 13/16 1 1Mb 6 13/16 11/16
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    • 59 8 THE OVERNIGHT rate on the Singapore interbank market fell 1% point to end at 1% per cent yeeterday. Term rates remained unchanged from Tuesday. S$ Interbank rates at 12 noon yester day: OfW MO I 1/3 1 1/4 1 -momtt 3 2 7/1 3 1/16 3 15/1* 3
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    • 332 8 Asian market ASIAN DOLLAR deposit rates closed little changed from opening levels yesterday. with trading quiet in the efternoon. Most operators were sidelined in the afternoon due to a general lack of intereet. Term rates eased 1/16 point et the outset due to e steep 2.9 per cent decline in
      332 words
    • 82 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFtt HIGH LOW 3 months BQ*****F 2.6.88 2.93 2.88 2.91 2.88 6 months 8Y*****S 30.6.88 2.97 2.92 1 y*or 8Y*****T 24.11.88 3.02 2.97 2.85 2.85 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
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    • 1630 8 CURRENCY FUTURES OPTIONS WodnMdoy, Mordi 2 1988 DEUTSCHE MARK (SStfEX) 1 MMi Mar caPa Low *aa 1 MM Mar M paM 94 '"V" r "W r Lot Ml CA* 55 CA* 56 CA* 57 230ft 233 CA* 58 130t 134 2 59 411 45 6 6 4 60 2
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  • Page 8 Advertisements
    • 62 8 SHANGRI-LA INTERNATIONAL IN BANGKOK WHERE ELSE BUT THE SHANGRI-LA Executive Accommodation Plan: High Season (Oct-Apr) from USSI2O per room Low Season (May-Sept) from USS 96 per room The approximate US Dollar rales shown are subject to exchange rate fluctuations 0 Shangri-La hotel SHANGRI LA INTERNATIONAL: SINGAPORE 235 1311 BANGKOK (2)
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    • 9 8 IB BANQUEINDOSUEZ 3 Shenton Way, Shenton House. Singapore 0106
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  • BANKING AND FINANCE
    • 528 9 Reuter MANY Japanese life insurance firms are using expertise gained in bond hedging to play aggressively the foreign exchange market, despite Finance Ministry warnings to investors not to speculate in currencies, industry sources say. "We want to become more of a specialist,
      Reuter  -  528 words
    • 476 9 JUNE EURODOLLAR opened unchanged in Simex yesterday from the previous close at 93.03 as the US leading indicators failed to take the market out of its recent tight range. Weaker commodities and oil prices gave a firm tone to the market, but trading remained lacklustre with traders waiting for
      476 words
    • 222 9 (MM foreign currency futures closed narrowly mixed in sluggish trading on Tuesday. Prices failed to break out of tight ranges despite negative comments from US Treasury Secretary James Baker, who said he expected US trade and Current account deficits to improve this year. Japanese yen ended lower after falling
      222 words
    • 88 9 Gold futures on March 1 100 troy ounces, USS per troy ounce Opwi Htgh Low Mot 432.00 432.00 427.50 431.00 0.50 Apr 430.30 433.00 425.90 432.40 0.50 May 434.40 0.50 Jwn 434JO 437.00 430.00 434.40 0.40 Sl 439.00 440JO 433.80 440.40 0.40 S£ 440JO 444.00 439.20 445.00
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    • 135 9 AFP JAPAN's foreign exchange reserves soared to a record high of U5583.82 billion at the end of February, up US$4l4 million over a month ago. Japan's Finance Ministry announced on Tuesday that the February holdings represented the 27th consecutive monthly rise and an all-time high for
      AFP  -  135 words
    • 178 9 AP A MAJOR traders' group yesterday asked the South Korean government to slow down the appreciation of the won against the US dollar. In a report to the government, the Korea Foreign Trade Association said the recent sharp appreciation of the won against the
      AP  -  178 words
    • 173 9 UPI SPECULATION on a settlement at Geneva on a Soviet withdrawal from Afghanistan sent the Afghan currency soaring against the Pakistani rupee in blackmarket trading on Tuesday, local traders said. The Afghani was selling last week at one rupee (6 US cents) to 10
      UPI  -  173 words
    • 69 9 UPI CREDIT SUISSE, the thirdbiggest Swiss bank, said on Tuesday it was closing its branch in Panama at the end of April. The bank said its offshore business in Panama had already been taken over by other branches in Miami and Nassau. "The decision was
      UPI  -  69 words
    • 419 9  -  By ALVIN TAY Banking Correspondent THE UNITED OVERSEAS Bank group, which recently adopted the US-style corporate titles and promoted several of its senior executives, has revamped its organisational structure. Apart from the creation of the Corporate Planning Human Resources Division, the group has also incorporated new portfolios
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  • Page 9 Advertisements
    • 326 9 Good ideas keep coming up 17* i T I CCI G3 r!%3 aa E$ v.:3 cs \tv ft* HARE ca r3 M 9 8 RW 6 5 O A 0 0 M+» E3 E3 3 use CM- 0 0 a o 0 t* 5 0 0 0 0 0 G
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  • Page 9 Miscellaneous
    • 67 9 Doonesbury lifunx THE PAGOiHSON V, A i nthere, I DOCTOR 7 1 PBNVAL HEY! I'M TRYING TO GET ISTSGO THE GROUP JO INTER TO THE ACT RESPONSIBLY. Va i'f ST a c LAUGH ABOUT IT! SHOUT ABOUT IT! UHENXX/VE GOT TO CHOOSE! EVER* WAY YOU LOOK AT y IT, YOU
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  • PERSPECTIVE
    • 497 10 THE LATEST Indian government budget provides a clear indication that the reformist zeal of Prime Minister Rajiv Gandhi has been diminished, at least temporarily. When Mr Gandhi introduced his government's first budget three years ago, it was widely viewed as a dramatic departure from the
      497 words
    • 2251 10  -  Singapore Airlines is the closest Singapore companies have come to making their mark on the world. But that doesn't mean there are no other companies in a position to push their way further into overseas markets, and to form the vanguard of a corps of
      2,251 words
    • 397 10 ALMOST WRITTEN OFF as a sunset industry during the depths of the recession two years ago, the marine industry in Singapore has bounced back strongly. The turnaround has been so rapid that shipyards, which not long ago retrenched workers, are now
      397 words
    • 344 10 EACH OF the Big Four local banks has expanded its domestic network rapidly during this decade but their exposure in the field of international business has been largely limited to cross-country trade financing and foreign exchange trading. They are hampered in going overseas in a big
      344 words
    • 600 11  -  By ANDREW BROWN Reuter NEW PRESIDENT Lee Teng-hui. initially dismissed by some critics as a figurehead, is stamping his authority over Taiwan with a bold message of democracy and national reconciliation. When the 65-year-old technocrat became Taiwan's first is-land-born leader in
      Reuter  -  600 words
    • 665 11  -  Defiant leaders and the growing influence of narcotraficantes these are Washington's biggest headaches in dealing with its Latin American neighbours and it is no surprise that together, these two factors are contributing to the widening gap in ties between the two regions. BERND
      Reuter  -  665 words
    • 476 11 NYT THE HEADLINES send new shivers over drugs: the growing influence of the narcotraficantes in Panama and other Latin American capitals translates directly into the cold-blooded killing of Edward Byrne, a young New York City police officer on a street taken over by crack
      NYT  -  476 words
    • 434 11 Ambitious policies on the right track but severe problems still remain Reuter AN AMBITIOUS PROGRAMME to reform Nepal's impoverished economy is starting to bear fruit 18 months after it was launched to head off a financial crisis. But analysts said the poorly developed Himalayan kingdom still
      Reuter  -  434 words
  • Page 10 Miscellaneous

  • Page 11 Miscellaneous
    • 1243 11 to aai) mm PM Opening and Programme Highlight! followed by Lingo. The Entrepreneurs An American Adventure? The Land And Its People (Pt 2, See highlights). World Music Album. Homo To Roost Success Story. Henry's rich and successful brother comes for a visit and impresses everyone with his great weahh. Daughters
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  • SPORTS & LEISURE
    • 888 12 UPI THE TRIO of bright young women tennis stars hammed it up for the photographers, giggling and playfully waving their index fingers signifying, "We're No. 1." It was a media reception, after all, a time to drum up some publicity and
      UPI  -  888 words
    • 195 12 UPI TOP SEED Steffi Graf of West Germany, ending a five-week lay-off from tournament action, eased past Cammy MacGregor, 6-1, 6-2, in San Antonio. Texas, on Monday to advance to the second round of the US$2OO,OOO Lynda Carter/Maybelline US women's hardcourt championships.
      UPI  -  195 words
    • 338 13 AFP DEPOSED New Zealand cricket captain Jeff Crowe said he knew he would be dropped from the team to begin the third Test against England at the Basin Reserve today. He was philosophical on Tuesday about his omission, which came just six Tests after
      AFP  -  338 words
    • 492 13 American defender out to teach NZ challenger a lesson AP THE QUESTION was supposed to be an ice-breaker. From Dennis Conner in New York, it drew a frosty smile. "Is there any truth to the rumour that you're going to use the Miss Budweiser
      AP  -  492 words
    • 327 13 AP JANE GEDDES is hoping to recapture some island magic as she returns to defend her Women's Kemper Open title. Geddes left Hawaii U5572,750 richer in 1987, on the way to the best season of her five-year LPGA career. Geddes followed a secondplace showing
      AP  -  327 words
    • 316 13 AP SOUTH KOREA'S Park ChongPal knocked out Indonesian challenger Polly Pesireron in the fifth round on Tuesday to retain his World Boxing Association super middleweight title The knockout came two minutes and 25 seconds into the fifth round through Park's powerful body blows. "I'm
      AP  -  316 words
    • 212 13 UPI EIGHTEEN Formula One drivers gathered for their annual pre-season ski break in Sestriere. Italy, this week, inspired by Italian Alberto Tomba's double gold medal Olympic performance. Some of the drivers who watched Tomba sweep to victory in the men's slalom on Saturday sent
      UPI  -  212 words
    • 963 13  -  Jrankl 14 speakinq... WALTON MORAIS I WATCHED a soccer match on TV last Sunday and learned a bit about life and perhaps why Eddie "The Eagle"' Edwards captured so many hearts at Calgary during the Winter Olympics. The setting was Ipoh, the atmosphere electric,
      963 words
  • Page 12 Advertisements
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    • 155 12 t or liking invasion! A buffet to satisfy even the most ravenous Viking warriors! The smorgasbord spread tempts with Matjis herring, smoked salmon, liver pate, gravlax, Pitt I Panna and other exotic-sounding delicacies. Plus 20 desserts to follow! Over 60 Scandinavian delights to sample. Adult $31' Child $15* Akvavit and
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  • Page 13 Advertisements
    • 407 13 and entertain 4 N. a V Tender Roast Baby Lamb. At 5522.50. CXir special dinner promotion this month is Roast Baby Lamb Carefully prepared to preserve all the tenderness and carved right at your table, accompanied with panfried Lyonnaise Potatoes and a selection of Spring Vegetables There is also a
      407 words

  • STOCK EXCHANGE OF SINGAPORE
    • 4230 14 SHARE PRICES inched upwards in quiet trading on the Singapore stock market yesterday on alternate bouts of bargain-hunting and profit-taking. Dealers said that a 20minute computer breakdown in the late afternoon interrupted trading. Once operations resumed, investors moved in to buy, boosting prices
      4,230 words
    • 258 14 Rises SINGAPORF InHlrAt MM* 1 S 1 A H»uo Carpi Ja*» 'Mil 50* FIN Metro HMpi MotokoH Koawnhng N *«nc 20* M T C 78* f Hi .Skm Darby ICS" M Hour UOI Fas so* 0 s o c c MM 10S0 K> 11} I) S0« 109
      258 words
    • 3209 14 BID and otter prices officially U«ed and hurt new In and reported to the Stock Exchange of Singapore yesterday with the number at shares traded shown In brackets in lots of 1,000 units unlea otherwise specified. All Time Settlement Contracts are quoted after the word
      3,209 words
    • 104 14 KUALA LUMPUR KEPONG Berhad: 15th AGM at Wisma Taiko, 1 Jalan S.P. Seenivasagam, ***** Ipoh, Perak, on Saturday. Mar 12, at 12.30pm. AVtMO SINGAPORE Limited: 14th AGM at Leo Room, marina Mandarin, 6 Raffles Boulevard, Marina Square. Singapore 0103 on Friday. Mar 18, at noon. THE WILKINSON PROCESS
      104 words
  • Page 14 Advertisements

  • COMPANY NEWS
    • 568 15  -  By ELAINE KOH and SELWYN PARKER NEW ZEALAND brewer Lion Corporation went to town yesterday with full-page advertisements urging shareholders to vote for a controversial merger with retail giant LN Nathan at an extraordinary general meeting on
      568 words
    • 357 15 INDUSTRIAL and Commercial Bank, which was taken over by the United Overseas Bank group last year, has maintained its dividend payout despite a marginal 0.8 per cent rise in after-tax profit to $3.14 million. Directors of ICB have recommended
      357 words
    • COMPANY BRIEFS
      • 23 15 OVERSEAS UNION SECURITIES said its unaudited net tangible asset backing per $1 share as at Jan 31 was $2.35.
        23 words
      • 90 15 GENERAL LUMBER (Holdings) Bhd is acquiring Wisma Philips, a four-storey office complex in Subang Jaya, from Ridge Point Properties Sdn Bhd for M 57.5 million, which will be satisfied by an issue of 7.5 million new General Lumber shares of Msl each. It
        90 words
      • 46 15 EMTEX Corporation Bhd has signed an agreement with Asia Industry Co Ltd of Thailand to sell its textile plant in Kluang, Johor, for US$l.O5 million cash. Emtex will realise an extraordinary gain of M 52.5 million upon completion of the sale.
        46 words
      • 83 15 MALAYSIA'S Capital Issues Committee has approved the proposed rights, bonus and special issues of Hexza Corporation Bhd, but on revised terms. The original one-for-three bonus issue of 25.09 million shares has been scaled down to 12.54 million shares of 50 Malaysian cents each on the
        83 words
      • 57 15 PILECON Engineering Bhd has revised its proposed rights issue from 35 million to 17.5 million new shares of 50 Malaysian cents each at 65 cents per share due to a change in funding requirement. The basis of the rights issue has also been changed to one
        57 words
    • 598 15  -  Precautions taken to ensure smooth operation By CORRINA LIM THE STOCK EXCHANGE of Singapore will take every step to ensure that a new floor trading system, to be launched at midyear, will run smoothly and without interruption. For a start,
      598 words
    • 1367 15  -  It's boom time for the construction industry in New South Wales and Queensland, and Jack Chia (Australia) is well poised to benefit from the situation. In fact, it is expected to put up one of its strongest performances yet. FLORENCE CHONG reports
      1,367 words
    • 64 15 Bernama SARAWAK Shell Bhd/Sabah Shell Petroleum Company expects its level of expenditure to be at least Ms 6 billion over the next five years and most of these monies will be spent in Malaysia. Of its estimated capital and operating expenditure of Msl.l
      Bernama  -  64 words
    • LATEST RESULTS
      • 174 15 UAC BHD reported a pre-tax operating profit of M 56.2 million for the six months ended December 31 last year. This was marginally lower than the previous year's M 56.35 million. The results reflect a flat market for fibre cement building products and pipes, said the board in
        174 words
  • Page 15 Advertisements
    • 119 15 vScalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make sound investments. Fluctuations in shares, in local,
      119 words
    • 237 15 BAT/ British-American Tobacco Company (Singapore) Ltd. NOTICE OF ANNUAL GENERAL MEETING NOTICE is hereby given that the Forty-fifth Annual General Meeting of British-American Tobacco Company (Singapore) Limited will be held at the Registered Office of the Company, 57 Senoko Drive, Singapore on Friday, 8 April 1988 at 11.30 am for
      237 words

  • REGIONAL MARKETS
    • 358 16 Securities house out to win bigger share of world market Reuter JAPAN'S giant Nikko Securities Co Ltd, the third largest securities house in the world, says it is pressing ahead with global expansion plans despite last year's crash on the stock markets. "We were planning
      Reuter  -  358 words
    • 219 16 Agencies THE JAPANESE have joined up with one of the most aggressive Chinese companies to set up a leasing business in Beijing. The official New China News Agency said yesterday that the new company, Ever Bright International Leasing, will provide leasing services to
      Agencies  -  219 words
    • 189 16 Reuter THE TAIWAN stock market, buoyed by huge sums of idle cash and a more liberal investment climate, is taking off like a skyrocket', a stock exchange official said on Tuesday. "We see the stock index breaching the 4.000 mark this month or next." said
      Reuter  -  189 words
    • 1434 16 Hongkong PRICES on the Hongkong market closed higher yesterday on generally improved sentiment, but profit-taking trimmed the gains in the final minutes of the session, brokers said. The Hang Seng Index ended the day 7.42 points higher at 2.462.13 and the Hong Kong Index rose 4.57 to
      1,434 words
    • 500 16 Reuter SHARE PRICES on the Tokyo market closed higher yeeterdey on continued aggressive buying of large capitalisation issues, amid confidence bolstered by a stable dollar, brokers said. "In general, the market environment has turned 180 degrees." said Gerhard Hinterhauser, assistant vice president at OB Capital Markets (Asia) Ltd. The
      Reuter  -  500 words
    • 410 16 Reuter THE AUSTRALIAN share market ended stronger with rises in moet sectors yesterday, as buyers focussed on leading industrial and resource stocks. Brokers said a solid profit result from heavyweight miner CRA also helped to boost sentiment Near the cloee the All Ordinaries Index roee 11.7 points to 1,285.4,
      Reuter  -  410 words
    • 3056 16 LATE BUYING lifted spirits at the Kuala Lumpur stock market yesterday and share prices were sought higher. Trading pace which was slow initially quickened and swelled overall trading volume. After five sessions of mixed trading, some semblance of confidence was displayed yesterday. The buying, however,
      3,056 words
    • 63 16 Reuter BRIDGESTONE Corp. Japan Synthetic Rubber Co and Siam Cement Co of Thailand agreed to establish a joint venture to produce synthetic rubber for tyres in Thailand, a Bridgestone spokesman said. The Thai government took the initiative for this project as one
      Reuter  -  63 words
    • 261 16 MAN •IT 0 06 -2 -2 KoMn Kuochan Daw Laa Chang Yuan Cham Indua Uan Hwa Indua 38 10 SO SO -08 -1J Ana Camant Cathay Con* 75.50 •2 00 .48 30 54 00 OA -0.5 Chang Hwa Bank 312 00 -6 PfcMIc Com 68.50 -2 Chang Loons Chta
      261 words
    • 86 16 MAM 03 PCSO* <- Marataai Acota Mining Oriantal B Phil Ovaraaaa 0 042 0 030 unch 0 002 001 Anglo Phil 0.021 0 001 Phi la* B 0 38 0 036 0 001 Attaa Con B 21 50 -0 75 PLOT Baguio Gold San Mtguai B laa Bute Patrotoum
      86 words
    • 113 16 MM 03 WON Kal Chail Sugar Kangwon Ind ***** 400 ***** Kta Motor ***** OftsJiin ind.............. ***** •600 Koton Ind ***** 800 Daewoo Haavy Datahin Sacuritia* Dong Ah Phar ***** ***** ***** 200 >600 300 Korea Long Tarm. Lucky LM Ovarrtal Brawary ***** ***** -300 200 400 Dong Suh
      113 words
  • Page 16 Advertisements
    • 309 16 NOTICES THE COMPANIES ACT, CAP. 50 TATAH ELECTRICAL PTE. LTD. (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of Tatah Electrical Pte. Ltd. duly convened and held at 101, Upper Cross Street #04-43, People's Park Centre. Singapore. 0105 on the 27th day of February 1988. the following
      309 words
    • 329 16 CHIA PENG MOTOR PTE LTD (Incorporated in Singapore) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 102 Upper Cross Street. #09-05 O.G.
      329 words
    • 88 16 HWA HONG CORPORATION LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATE Share Certificate No. *****873 for 1000 shares in the name of Khoo See Hai has been reported lost, mislaid or destroyed. NOTICE IS HEREBY GIVEN that a replacement certificate will be issued and the above original certificate will be deemed
      88 words
    • 9 16 Bangkok marks! was doaad lor a public holiday yastarday
      9 words

  • WORLD MARKETS
    • 1027 17 New York Reuter INVESTORS cashed in some of the profits accumulated from Monday's 48-point rally, and Wall Street closed slightly lower in active trading on Tuesday. Takeover activity, both real and rumoured, was again the dominant factor in the market, traders said. The Dow Jones Industrial
      Reuter  -  1,027 words
    • 983 17 London Reuter SHARE PRICES on the London market were mixed at the opening yesterday with rising issues slightly outnumbering fallers but the market lacked direction, dealers said. At the official 0900 GMT opening the FTSE 100 Index stood 1.3 points higher at 1,783.2, but a
      Reuter  -  983 words
    • 1309 17 Selected indices HONGKONG Hongkong Index Wednesday 1.612 51 Tuesdoy 1.607 94 Week ogo 1.529 30 All Industrials Wednesday 2,098 2 Tuesday 2,071 4 Week ogo 2.018 5 NEW YORK Hang Seng Index Wednesday 2.***** Tuesday 2.454 71 Wee* ogo 2 336 00 Dow Jones T uesday 2,070 46 Monday 2,071
      1,309 words
    • 61 17 UPI CAMPEAU CORP has vowed to fight R H Macy and Co s multi-billion-dol-lar bid to acquire Federated Department Stores Inc and create a retail empire comprising New York's Bloomingdale's. Macy's and Abraham and Straus Stores Arbitrageurs valued the Macy's bid for Cincin-nati-based
      UPI  -  61 words
    • 560 17 Move has strong government support IHT BRITISH AEROSPACE PLC, Britain's largest military contractor, announced on Tuesday that it was negotiating to acquire Rover Group PLC, UK's biggest domestic car manufacturer, in a move that has the strong support of the government.
      IHT  -  560 words
    • 319 17 AP A BRUSSELS appeals court approved on Tuesday a capital increase by Societe Generale de Belgique SA. overturning a lower court ruling and intensifying the battle for control of Belgium's biggest holding company. Tuesday s ruling still needs to be confirmed by a higher
      AP  -  319 words
    • 322 17 Reuter FRENCH financial groups Cie Financier de Paribas and Cie Financier de Suez, rivals in the battle for Societe Generale de Belgique, are both recently privatised companies with an urgent need to strengthen their presence outside France, French analysts and brokers said.
      Reuter  -  322 words
    • 265 17 FT THE EUROPEAN Commission was expected yesterday to put forward fresh plans for a controversial merger control regulation, including big changes designed to quell British and French anxieties over giving Brussels too much power to interfere in takeovers. But the scheme, which was
      FT  -  265 words
    • 233 17 FT BRITISH GAS has suffered a major setback to its plans to diversify overseas with the collapse on Tuesday of its deal to buy the New Zealand government's 70 per cent stake in Petroleum Corporation, the country's biggest producer of oil and gas. for £298 million.
      FT  -  233 words
  • Page 17 Advertisements
    • 67 17 r NORDFINANZ BANK ZURICH SINGAPORE REPRESENTATIVE OFFICE OPENS FOR BUSINESS TODAY DR. EDWIN WYDLER, DIRECTOR AND ERNST ROHRER, ASSISTANT DIRECTOR FROM THE BANK'S HEAD OFFICE IN ZURICH FRANK LONNQVIST, THE SINGAPORE REPRESENTATIVE ARE AVAILABLE FOR CONSULTATION TODAY AND TOMORROW FOR AN APPOINTMENT PLEASE CALL THE NUMBER BELOW. NORDFINANZ BANK ZURICH
      67 words

  • 578 18  -  By JEFFREY TSANG NEW SHOPHOUSES built by the Housing and Development Board will be offered for sale instead of rental from next month in a move that the board describes as an "extension of the home ownership concept". The plan
    578 words
  • 363 18 Corporate tax cut larger than expected Reuter THE HONGKONG financial community yesterday welcomed the government's 1988/89 Budget, which included a larger than expected cut in corporate profits tax. Financial Secretary Piers Jacobs announced a one percentage point cut in corporate profits tax to 17 per
    Reuter  -  363 words
  • 223 18 Reuter HONGKONG'S gross domestic product would show real growth of 5 per cent this year after dou-ble-digit increases in the past two years, Financial Secretary Piers Jacobs said in his budget speech yesterday. Mr Jacobs said the 1987 GOP growth was
    Reuter  -  223 words
  • 216 18 Bernama THE MALAYSIAN Home Ministry is keeping the door open to enable The Star newspaper to regain its publishing permit, Deputy Minister Datuk Megat Junid Megat Ayob said yesterday. The newspaper had lodged several appeals to be allowed to resume publication
    Bernama  -  216 words
  • 395 18 Reuter SRI LANKA's real gross domestic product will rise 3 per cent in 1988, about the same as 1987, when drought, war and a slowdown in the world economy curtailed the country's growth, a Central Bank economist said yesterday in
    Reuter  -  395 words
  • 245 18 Bernama THE MALAYSIAN government and financial institutions suffered losses running into millions of ringgit annually as a result of commercial crimes including fraud, Deputy Home Minister Datuk Megat Junid Ayub said yesterday in Kuala Lumpur. Opening a seminar on commercial malpractice organised by
    Bernama  -  245 words
  • 373 18 UPI PRESIDENT SUHARTO yesterday said he was ready for another five-year term prior to an elect tion he could not lose. With a special 1,000-member Assembly convened to elect Mr Suharto to a fifth term on March 10, the head of the ruling
    UPI  -  373 words
  • 219 18 AP OWING TO strong exports. South Korea s trade surplus in February more than tripled to US$524 million from US$l5B million a year earlier, the Trade and Industry Ministry reported yesterday Ministry officials said the surplus in the first two months
    AP  -  219 words
  • 416 18 Reuter FORMER Saudi oil minister Ahmed Zaki Yamani reappeared in public this week in the role of a harbinger of doom, predicting another energy crisis. Mr Yamani, in a rare public speech, renewed a theme he regularly dwelt on before he lost
    Reuter  -  416 words
  • 77 18 Reuter COMEX GOLD FUTURES locked into a wide range in the first hour on dollar-related trading yesterday. In a choppy market, April gold tumbled from a high of U*****.00 an ounce to a low of US$42B 80 on active selling spurred by a brief but sharp rally in
    Reuter  -  77 words
  • 84 18 Reuter NIPPON TELEGRAPH and Telephone Corp (NTT). Toyota Motor Corp. and seven other Japanese companies have formed a consultancy to link private telecommunications networks, an NTT spokesman said in Tokyo yesterday Infonex Corp. capitalised at 700 million yen. will begin operations on March 11 to provide customers
    Reuter  -  84 words
  • 366 18 Bernama MALAYSIA has called on the US to seriously reconsider its legal obligations under the United Nations headquarters agreement and refrain from imposing any unilateral decision upon the international community. The Malaysian Permanent Representative to the UN, Oatuk Yusof Hitam, said the
    Bernama  -  366 words
  • 146 18 UPI IN A MAJOR STEP forward towards standardising their video equipment, a group of 10 Japanese electronics firms has signed an agreement to develop Bmm "hi-band" video cassette recorders under the standard technological specifications, Sony Corp said yesterday. Signing of the agreement followed technological
    UPI  -  146 words
  • LATE FILE
    • 66 18 Reuter THE US trade deficit with East Asian Pacific countries shrank to US$2B 1 billion in the fourth quarter of 1987 from a record US$33 9 billion in the third quarter, the US Information Service in Hongkong said. The 1987 US trade deficit with the region
      Reuter  -  66 words
    • 50 18 AFP TAIWAN has set its national budget at NT$56O billion for fiscal 1989-90 beginning July 1 this year. The new budget represents an increase of 17.9 per cent over 1987-88, the highest growth rate in the past few years, the National Security Council said yesterday. AFP
      AFP  -  50 words
    • 48 18 Reuter NORTH SEA Brent blend, the most widely traded international crude oil, continued the recent price slide to trade at its lowest levels since November 1986. Oil traders and brokers said Brent cargoes for April loading saw business down to U5514.38 per barrel.
      Reuter  -  48 words
    • 55 18 Reuter ABEL AGANBEGYAN, chief economist of the Soviet Academy of Sciences and adviser to Kremlin leader Mikhail Gorbachev, said that 16 million Soviets, including 30 to 50 per cent of all bureaucrats, will be forced to change jobs by the year 2000 as a result
      Reuter  -  55 words
    • 33 18 Reuter INDIAN Prime Minister Rajiv Gandhi ordered an inquiry yesterday into a charge that his opponents offered former President Zail Singh up to US$3O million to seek reelection. Reuter
      Reuter  -  33 words
    • 75 18 UPI A FIRE broke out in the cooling tower of the 26-storey stock exchange building in London yesterday, but it was quickly extinguished and no one was injured, authorities said. "A few people were evacuated from the topmost stories, but work continued normally on other floors,"
      UPI  -  75 words
    • 63 18 Reuter BRITISH publishers started a "hands off reading campaign" yesterday against plans to impose a consumer tax on books, periodicals and newspapers. Britain is under pressure from the European Community to charge value added tax (VAT) on a range of items which are currently exempt, to help
      Reuter  -  63 words
  • Page 18 Advertisements
    • 79 18 KAMPACfff Japanese Restaurant Choose from Kampachi's exquisite Japanese Set Lunches The lofty prices and unfamiliar assortment of Japanese cuisine are common deterrents to many a diner. At the Kampachi, we are glad to offer you 6 different sets of Japanese lunches. Priced at only $16 per set, they are easy
      79 words
    • 11 18 The silver report was not available at preee-tlme MOVADO The Museum.Watch.
      11 words

  • SHIPPING TIMES
    • 397 19  -  By LINDA CHEE IN THE FIRST major re-organis-ation of its round-the-world service since it was launched in mid-1984, Evergreen Line is including regular calls to the US west coast and a better coverage of Japanese ports to its schedule. From April onwards, eastbound vessels
      397 words
    • 383 19 Seatrade Week CANADIAN Pacific Ships should quit the Isle of Man register before they endanger its current nonFoC status, a senior UK union official said. John Newman, deputy general secretary fo the officer's union Numast, was strongly critical of CPS in
      Seatrade Week  -  383 words
    • PORTSIDES
      • 134 19 AFP THE JAPANESE Maritime Safety Agency has announced the appointment of Junko Sato, 26. as the first female patrol boat captain in the agency's 40-year history. Miss Sato, a graduate of the Maritime Safety Academy, will take command of the 100-ton Matsunami and its crew
        AFP  -  134 words
      • 36 19 Reuter THE AUSTRALIA and New Zealand/Eastern Shipping Conference will raise the Hongkong container freight station charge for cargo to Australia to HKSS9 from HK$55 per revenue ton, effective April 1. Reuter
        Reuter  -  36 words
      • 107 19 TRANSINDO Japan, set up last year as a joint venture between its president Hiroshi Utsumi, the Laotian company Transpac Lao, and the Thai company Indoswiss, is now offering intermodal service from Japan to Laos on through bills of lading. Cargo is carried on conventional vessels from
        107 words
    • 163 20 THE MAJOR shipping consortia operating between the Far East/European. Far East/Persian Gulf Straits ports/Australia Straits/Japan and the member lines ACE (FAR EAST/EUROPE): "K" Line Korean Shipping Corporation Neptune Orient Lines Orient Overseas Container Line Cho Yang Shipping ANRO (STRAITS/ AUSTRALIA): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd
      163 words
    • 126 20 Reuter OIL TANKER/combination carrier tonnage sold for scrap in February rose to 466.518 long dwt (six vessels) from 334.260 dwt (seven) in January and 256.540 dwt (six) recorded in February 1987, London shipbroker Howard Houlder said. Dry bulk carriers sold for scrap in February
      Reuter  -  126 words
    • 455 20  -  >11 v/v »o VI From Kingsley Wood WHILE THE NUMBER of disputes on the Australian waterfront had dropped in recent months, the level of disruption remained excessively high, the Australian Chamber of Shipping claimed in a report covering areas of concern to the shipping industry.
      455 words
    • 225 20 A NEW HK$l3 million computer system has been installed by leading Hongkong terminal operator, Modern Terminals Ltd. to keep pace with the rapid increase in container handling activity. South China Morning Post said the new facility has one of the biggest information storage capacities in
      225 words
    • 780 20 AB Shpg V 5 ABC Container VIII 1 Accord Shpg VI 3 Africa Ocean X 2 Alltrons VII 3 American Tpt X 4/5 Anship Int'l V 3 Anro Service IV 2/3 ANl 1 1/2 APC line V 4 API III 2/3 Arrow lines IX 5 ASCI III
      780 words
    • 245 20 ALL SURVEYS were Kandla Waiting time conducted on Feb 16 of up to one week; Argentina Cochin Waiting time Buenos Aires Normal of U P to five daysoperation; Ireland Bahia Blanca Waiting All Ports Normal optime of up to two days. eration. Australia Italy All ports Normal op-
      245 words
    • 216 20 Fairplay THE PORT of Vancouver is to spend about Csloo million on improving its container handling methods. It has employed a consulting firm to make a full assessment, including studies of both existing container terminals at Vanterm and Centerm, adjacent sites for possible expansion,
      Fairplay  -  216 words
    • 81 20 THE UNITED STATES Treasury Department has announced bilateral agreements with 10 nations for the reciprocal tax exemption of income from international shipping and aviation. In each case, the exemption applies to gross income from the international operation of ships or aircraft. The exemptions
      81 words
    • 411 21 Lloyd's List MAJOR NORWEGIAN shipping and offshore group Wilh Wilhelmsen plans to restructure its operations into separate companies Three new companies will be' created under the scheme, which is aimed at bringing de-cision-making and financial responsibility closer together. It is also
      Lloyd's List  -  411 words
    • 185 21 Reuter DUTCH officials acting on a US request seized 6,000 to 7,000 kilos of chemical weapons bound for Iran at Rotterdam on Saturday, the Dutch Justice Ministry said. "Last Friday, the US government sent a request to halt the ship. It was carrying strategic
      Reuter  -  185 words
    • 722 21 AFP RATES weakened slightly over the last week on the freight market, particularly for Panamax vessels (50.000-70,000 tonners capable of navigating the Panama canal) on the grain route from the US Gulf. The Biffex index (Baltic International Freight Futures Exchange) slipped 8 points up to Thursday at 1,560.5,
      AFP  -  722 words
    • 262 21 STATE-OWNED Shipping Corporation of India (SCI) plans to tight back against a series of crippling debts by increasing its paid-up capital by R52.7 billion (US$ll7 million). The company, which declared an annual net profit of Rsss million last November, would have
      262 words
    • 7648 26 A guide to ships loading at Singapore for ports around the world The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore.
      7,648 words
    • 126 26 Area/Port Viscosity Density Water CST at 50C G/ML at 15C Volume 0/0 Africa/Red Sea Jeddoh 154/174 0.955/0.979 0.1/1.1 Durban 152/175 0.990/0.993 0.0/0.2 Arabian Gulf Ras Tanura 183/222 0.959/0.972 0.0/0.1 Bahrain 176/176 0.976/0.976 0.1/0.1 Europe Rotterdam 29/466 0.941/1.005 0.0/1.4 Hamburg 31/247 0.940/0.985 0.0/0.4 Le Havre 25/367 0.923/0.989
      126 words
    • 1342 27 Reported chartering has been almost entirely confined to the time-charter sector on Tuesday, with fresh grain, iron ore and coal fixing slow to emerge, ship brokers said A fixture reported late Monday involving about 100,000 tons of light grain from the US Gulf to Holland at US$l2 85
      1,342 words
    • 1505 27 AT CONVENTIONAL WHARVES B«rtti Arrival Departure KEPPEL WHARVES Arttos *16 alongs.de 03 03 1500 Huo Steng *30 otongs.de 04 00 1 SCO Huoqiong *27 otonflv.de 0303 2300 *oto Mego" *31 otongs.de *****600 *ns Madura *24w oiongs.de 05 03 2300 1 *30 olongs.de 05 00 *win Marcfeoness *34
      1,505 words
  • Page 19 Advertisements
    • 1004 19 >"• TIMES SI fcv»- s j STP Distributors SGP LBH CMTOH NFK NYC ORIENTAL rHEEIX* ORIENTAL FAIT* ORIENTAL FRIENDSHIP AMIATiAQOR MIDGE ORIENTAL FORTUNE NEPTUNE JADE ORIENTAL FAIR 11 3/3 26/3 5/4 V* 9/4 7 10/3 2/4 12/4 14/4 16/4 7 17/3 I 9/4 19/4 21/4 23/4 It 124/3 16/4 26/4
      1,004 words
    • 76 19 JCMDB WHILE THE NUMBER of disputes on the Australian waterfront had dropped in recent months, the level of disruption remained excessively high, the Australian Chamber of Shipping claimed in a report covering areas of concern to the shipping industry. Page II MAJOR Norwegian shipping and offshore group Wilh Wilhelmsen plans
      76 words
    • 618 19 l>4h*t+h.il h,, TIMES STP Distributors t MAERSK LINE FAST TRANSIT TO CHARLESTON 29 DAYS FROM SINGAPORE 34 DAYS FROM PORT KELANG 33 DAYS FROM PENANG This Anna M Closing Time CY 9 3 2300 MRS CFS 9 3 1300 HRS To Europe—UK—Scandinavia—Finland mnj±MM±Amw<'.\mwi ANT ROT BRV HAM El T liS
      618 words

  • Page 20 Advertisements
    • 589 20 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 S AMERICA CONTAINER SERVICE FROM UK/CONTINENT OSAKA BAY KITANO MARU CITY OF EDINBURGH LARGS BAY HONGKONG EXPRESS KURAMA MARU KAOP KELANG SPORE HONGKONG HSIUNG CALLING 'KOBE
      589 words
    • 18 20 Lines and services represented by f* Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association.
      18 words
    • 374 20 CHARGEURS REUNIS SINGAPOOf FHOUIOIFS ??23?« fAi 2?ssasi -Odflmg SAN JUAN VS* enan &0N C. Town *Rio Santos M video B Aires "mo™ IK 7™ Z Z LA PfiOJA 3D5 1905 441 •Subject to inducement Optorg Shipping Pte. Ltd l'; E L MA *.'P»ESA „Nt VAH '/AS ARGENTINAS ARGENTINE NATIONAL LINE
      374 words

  • Page 21 Advertisements
    • 1058 21 The Straits Steamship Group M Mansfield Container Shipping Pte Ltd P&O Containers CONTAIHERSHIP SERVICE TO UK/CONTINENT: v NVI Afso Accepting Cargo For: Hamburg to Copenhagen. Aarhus. Gothenburg. Malmo. Stockholm. Helsinki. Sondefburg Rotterdam to Antwerp. Amsterdam. Oslo Basle. Zurich Bremenhaven to Bremen Southampton to all UK destinations. Belfast and Dublin (CONTAINERSHIP
      1,058 words
    • 678 21 USED CONCRETE PIE OR CONCRETE PHASE SUBMIT OFFER TO FAX NO. TLX NO. ***** FOR ATTENTION MR BRITISH SENATOR GERMAN SENATOR HONGKONG SENATO BREMEN SENATOR SENATOR LINK USA/PANAMA id VESSEL BRITISH SEN ll,ill ii.tn VESSEL BREMEN SEN ACCEPTING CARGO TO/FROM SFO LAX. CHL. MIA. SAV. TAM. NYC ANO BAL AND
      678 words

  • Page 22 Advertisements
    • 425 22 CIS I NOSE MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRANIAN SERVICE Singapore Loading for:In Port BANDAR ABBAS (2nd call) 21/3 BANDAR ABBAS IRAN SHOJAAT IRAN EHSAN )M iKYOWAj KYOWA LINE PNC/8. PACIFIC SERVICE Singapore Loading for: 18/3 JAVA. LAE. HRA, LTK, MALAU MICRONESIA SERVICE A VESSEL SPORE
      425 words
    • 808 22 I p JtS.&LINE *Jul" ,|*(4 FULLY CONTAINERISED SERVICE TO FUROPt VIA SUfZ 1 Mfmbff ol Ihf Ace Consortum S pore LoMjvri Fitoare R 4am H'Wrf B'heeen NEPTUNE DIAMOND 74W 6/3 24/3 2V3 26/3 21/3 29/3 KOREAN JACEWON 62W 9/3 27/3 29/3 2«/3 31/3 NEPTUNE CRYSTAL 44W 13/3 31/3 1/4 2/4
      808 words
    • 305 22 T/a FREIGHT LINKS EXPRESS PTE LTD NEW WEEKLY DIRECT SERVICE TO CMTTMMIB: SAILING 6/3 10/3 FOR: PORTO, LISBON, ORAN, BILBAO MAORIO, MALAGA, MELILLA, TANGER, TENERIFE, LASPALMAS, TUNIS, VALLETTA, IRUN, CEUTA, ALGIER ft ISTANBUL U.S.A. PORT MORESBY, RABUAL, LAE KIETA, MAOANG ft KIMBE NOUMEA 30/4 SUVA/LAUTOKA 30/4 NEW ZEALAND AUCKLAND, WELLINGTON
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    • 1105 22 iiiui »Udy f iTicti til o, l JOU EVERGREEN Full Container Service EVE* GLOBE EVER GENTLE EVER GENTRY EVER GUIDE EVER GOLDEN EVER GUARO EVER GROWTH Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) ALSO ACCEPTING CARGO TO 1) RROVtOENCE NEWARK SAVANNAH BOSTON PHILADELPHIA NORFOLK JACKSONVILLE WILMINGTON BERMUDA ITC 2) ATLANTA CHICAGO DETROIT COLUMBUS
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  • Page 23 Advertisements
    • 698 23 PACIFIC INTERNATIONAL LINES W\ pil Building, 140 Cecil Street, 03-00 Singapore 0106. Tel: *****33 FAR EAST CONTAINER SERVICE MTC HITACHI NGO NAGOYA. PGO PASIR GUDANG. ACCEPTING MORORAN CARGO VIA HKG JAKARTA CONTAINER SERVICE SURABAYA/SEMARANG CONTAINER SERVICE VESSEL SEA DRAGON SEA HAWK SEA HAWK SEA DRAGON BANGKOK CONTAINER SERVICE BEL A
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    • 292 23 ®NORBULK NORBULK CARGO SERVICES LTD. REGULAR CONVENTIONAL TIMBER AND PLYWOOD SERVICES TO: UK/CONTINENT PORTS SPORE MARATHON UNITED AGENCY PTE L-TD TEL *****66 KL PK S P YEO SHPG TRDG KL '*****4 PK *****01 PENANG TANJONG MARINE SDN BHD TEL 52&575 SABAH TRANSPAC KK TEL W4BB *****8 l*> t BREAKBULK SERVICE
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    • 468 23 r \a BEN LINE CONTAINERS TASMAN JEBSEN NEW ZEALAND LINE TO NEW ZEALAND, NEW CALEDONIA FIJI AND SOOTH PACIFIC ISLANDS ANANGEL LEADER VQY T S SIN NOUMEA AKL TGA NAP TIM BLUFF In Port 29 3 24 5/4 8 4 10 4 124 •VESSEL AT ANCHORAGE BERTHING ON 3 3
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    • 703 23 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYO P.T. 6ESURI LLOYD P.T. SAMUDERA INDONESIA P.T. TRIKORA LLOYD EXPRESS SEMI CONTAINERSNIP SERVICES SINGAPORE TO EOROPE VSL/VOY GANDA BHAKTI/20WB 15-17/3 15/4 IS/4 S. PANJANG/UWB 23-25/3 25/4 KUTAI/14WB 16-18/4 21/5 BILBAO ANTWERP H'BURG/ ROAM/ADAM BREMEN 15/4 lt/4 21/4 25/4 2S/4 21/5 26/5
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    • 507 23 rage V BOUSTEAD SHIPPING AGENCIES AVA VB9W PAGAN VI2SW PA AN VI22W HTONEYWA V233W PAGAN VI26W BURMA FIVE STAR (Burmese National Line) Loading for Rangoon re P.Kelang Penang Bangkok Spore 29 Feb 4 Mar 5/7 Mar IS 18 Mar 1619 Mar 26 28 Mar BANK LINE f| EXPRESS SEMI-CONTAINER SERVICE
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  • Page 24 Advertisements
    • 1239 24 v K"UnE SHIPPinC DPiTfi ATLAfITIC COAST (Round-The-World Service) •PK/PNG SPORE LB CHLS NFK ORIENTAL FREEDOM VU Sid 3 Mar 26 Mar 5 Apr 7 Apr ORIENTAL FAITH V 7 5 Mar 10 Mar 2 Apr 12 Apr 14 Apr ORIENTAL FRIENDSHIP V 7 12 Mar 17 Mar 9 Apr 19
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    • 801 24 INDIA EXPRESS CONTAINER SERVICE Accepting FCUFCL Container* SO NACALANO V JtH THEOOOR FONTANE V ltN RAVIOAS V m INDIAN COURIER V m SO TRIfURA V 34H INDIAN COURIER V )0N S O ANDHRA PRADESH V 37M i,n|jpore Motlw VtJ 1 Mer 28 Mar 21 Ibr 21 Mar 2 Apr li
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    • 748 24 GOLDEN LINE S.tV GIMN GUAN SHIPPING (PTE) LTD 23, T elo* AMr StrMt SINGAPORE 0104 TEL UUW (10 LINES) Fai *****04 STRAITS/PERSIAN GULF SERVICE: GOLDEN HAVEN Colombo Karachi Dubai GOLDEN LAND Colombo Karachi Dubai CHINA SERVICE A VESSEL Shanghai Hsinkang S'pore PKelang Penang 11/12 Mar 11/20 Mar CHINA OCEAN SHIPPING
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    • 484 24 PHIU-Oni€NT LIN€S PT€ LTD HEAD OFFICE 63 ROBINSON ROAO -07 12 AFRO ASIA BUILDING. SINGAPORE 0106 TELE* RS ***** PHIII FA* *****'6 EAST/FAR EAST FCL A LCL SERVICE hi. 12; 3 m. 26 3 29 3 H KONG KOBE. KEELUNG. MANILA. BANGKOK. TOKYO. COLOMBO. KARACHI. BOMBAY EAST AFRICA MEDITERRANEAN SERVICE
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  • Page 25 Advertisements
    • 795 25 NEPTUNE ORIENT UNESCO ?k ""5 A T„I- ct c j w M 3 26/3 5 JUS®?? SJ 7/3) M 2?/3 29/3 a/3 *****1L1TL, <n/3> 13/3 31/3 1/4 2/4 C CONTAINER 44W (IS/3) 20/3 7/4 8 4 9 4 HK CONTAINER M. (25/3) 27/3 14/4 15/4 Z K JACEJIN AW. (1/4)
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    • 511 25 HEUNG-A SHIPPING Korean Flag Vessels SEMI-CONTAINERISED DIRECT SERVICE TO P. KELANG. PENANG. BUSAN. INCHON STRAITS/KOREA SERVICE Vessel s Name ITO BS BKK No 9 Donam'MWl 20/0? 03/03 No 7 Donam 802N 22/02 No i Donam 802 N 04/03 16/03 No i Donam 802N 10/03 22/03 "Clor ia/803N 13/03 2S/03 M
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    • 885 25 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANC p KELAMC MESSRS MAI THONG SHIPPINC 127 Penang Street. Pen** MalayM 5* u A^'^J! ST J?!
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    • 23 25 ft H* 1U 0 Uy MADJU SENDIRIAN BERHAD 20-12 Tonq Fnq BuildirKj Singapore 0106 Tel ??S878; 3 REGULAR VESSEL SERVICE TO BELAWAN WEEKLY
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  • Page 26 Advertisements
    • 323 26 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. Til 225 6868 >30 Unes FAX *****39 *****'6 TELEX RS ***** A B SSCMA RS ***** A S SSCAD y VE.B DEUTFRACHT/SEEREEDEREI ROSTOCK INTEGRATED FULL CONTAINER SERVICE 18/4 18/4 20/4 21/4 IRUEBELAND 3/88 I 8/4 22/4 2/5 2/5 4/5 •VIA COLOMBO Accepting cargo tor INDIA
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  • Page 26 Miscellaneous
    • 163 26 n Regional Weather 1 B N\ £2s Sr J* SS m i > V! SIGNIFICANT WEATHER AND BEA CONDITIONS AT 7.30 A M THIS MOftMNO. c o W#xJ direction with tpe*d knot* R Thunderstorm Temperature c A y Shower Weother _X Wind direction »ith *peed mknot* Rom {—s OoudvSk, wo^h^h,
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  • Page 27 Advertisements
    • 388 27 s> CRYSTAL r 3 r FREIGHT SERVICES PTE ITO Tel: *****88 Tlx: ***** Fa*: *****88 USA (AND INLAND DESTNS)B/3, 15/3 COLOMBO 10/3, 21/3 ALSO ACCEPTING TO KEE/KAO 6/3. 13/3 BUSAN 10/3. 17/3 TYO/YOK 14/3 21/3 BANGKOK 9/3. 12/3 SAMTA QftOuP ■tfAMf.HllliiiiL'lMl STIUITS/IND(A SRI LANKA SERVICE SPORE PHOR ANN 7/8 ACCEPTING
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    • 65 27 V\CSP\ CSP SHIPPING AGENCIES PTE. LTD. ,u Tel: *****66 (16 Lines) Fa« *****15 UNI-OCEAN LINES PTE. LTD. 60 Cecil St #02-01. KPB Building S pore 0104 Tel: *****66 (5 lines) Telex: RS ***** UNISHIP CONTAINER FEEDER SERVICE TO BANGLADESH VESSEL Voy SIN CHITTAGONG CHALNA LIYANG 8829 W 0-24/3 LIYANG 8831
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    • 860 27 UNIPACIFIC TRANS. TRADING AGECY PTE. LTD. DC IRAQI LINE IRAQI ST»T| (NT(*P«IS( fO« MARITIMf TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR IIV3 japan WEST BOUND SERVICE ETA S PORE LOADING FOR 10/3 Jaddah. Aqaba. Baghdad 5/4 Jaddah Aqaba Baghdad THROUGH B/Ls to BAGHDAD UPON REQUEST MV SINDBAO MV
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  • Page 28 Advertisements
    • 367 28 Hai Sun Hup Co (Pte) Ltd xrl TEL *****06 (20 Lines) TLX RS ***** &RS ***** t\ I \S I I K\ R I IM K III) MOJI CALLING: IV I W J I M.V 'SEKI KOCHI' V-63 SPORE P.KELANG MOJI 26/3/88 29/3/88 9/4/88 CAR CARRIER SERVICE TO MUARA/KUCHING KK
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    • 532 28 FOR RELIABLE AND FAST TRANSIT WEEKLY FCL SERVICE TO USA-EAST COAST/GULF/CANADA/MEXICO AND FRENCH WEST INDIES VSL Spore ItHavrc Connecting VSI h° Kfr, JUTIANDIA 7/3 2*l STUTTGART EXPRESS N DELFT V 52 14/3 31/3 NUERNBERG ATI 'Oronto, New York, nihon 62 21/3 7/« ATI cartier Baltimore. Portsmouth, Norfolk. Savannah Also serving
      532 words
    • 265 28 WEEKLY LCL/FCL CONSOL SERVICE L.A., SFO, NEW YORK MMMMStt SWPfNK [SI PTE ITI Tel: *****88 (8 Lines) Tlx: RS ***** lIIAI fl SHIPPING *****55 UUIIU PTE LTD TLX: RS 2566 C r'c uiu FAX *****14 TIMBER/BREAKBULK SERVICE TEL *****55 T3 LINES) TLX: RS ***** FAX *****14 RANGOON S PORE BKK
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    • 694 28 /M TO EUROPE FEEOCR CALL US AT? P. KELANG PENANG J. BAHRU P. GUOANG SINGAPORE K. LUMPUR WEEKLY FAR SERVICE fl SINGAPORE LEHARVE *****53/*****11 04-*****2/4, *****3 07-*****8 •07-*****3, *****5, *****0, *****1 02 *****22 *****88 N. PEJIMA 22KJSS3 A I!2!!* AMSTERDAM ANTWERP BASLE. BREMEN BREMERHAVEN COPENHAGEN HELSINKI. MALMO OSLO STOCKHOLM. UK
      694 words